and now we have a man who has lots of operating style, jon fortt. >> well, thank you, tyler. the ceo of snowflake, the cloud data company that became public a little more than a year ago it was the biggest soft ipo ever frank grew up middle class in the netlands his approach is big on military metaphors, small on self-congratulations in a fort knox conversation a little more than two years ago told he how sailing, a passion of his, is like business >> the interesting thing about sailboat racing is it is scarily analogous to what happens in business it's teamwork, it's the conditions, it is competition. what do they do, what do we do and what i love about sailing as it relates to business, immediate feedback [ laughter ] you make the wrong move, you know it. in business often time it's takes time to find out whether you make the right or the wrong move and the more feedback the better this is why i enjoy running smaller companies because the feedback is so direct and so intense. >> he was the ceo of data domain and service now before snowflake. when we spoke last week, he emph

join us for a workinluh.g nc jon fortt will be here on "power lunch" next.t to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire matching your job description. ♪ ♪ ♪ digital transformation has failed to take off. because it hasn't removed the endless mundane work we all hate. ♪ ♪ ♪ automation can solve that by taking on repetitive tasks for us. unleash your potential. uipath. reboot work. >>> well, there's talk about the importance of chips lately apple getting a strong earnings boost in the latest quarter from designing its own and putting them in macs intel planning a new big chip manufacturing campus outside of columbus,ohio. jon fortt has a ceo who's turned around the chipmaker marvel and has further to run marvell. >> matt murph is ceo of marvell technology, who does big business with clients like amazon and microsoft he dad did technology for apple. he made friends in sports, including cross country. now he do

yes, we're going to do it virtually once again jon fortt speaking with the ceo of career karma after you could spend half an hour preparing for the half hour status meeting. orrr... you could cancel the meeting and share updates in slack instead. it's where your whole team is in one place so everyone can stay up to date. slack. where the future works. ♪ >>> fed chair powell's confirmation hearings today lots of talk about the tight labor market jon fortt bring us close with a founder in changing the job of training for jobs. who are we talking about here and what do they do? >> this is reuben harris the ceo of career karma. a startup that connects workers with coaching and training to help them switch to more lucrative jobs and raised $40 million series b roun. harris, he taught himself to value companies. he's also a trained cellist and credits his parents with pushing him to learn quickly. >> my first language is spanish. when i went to school i couldn't speak english. my mother's cuban but we're very much black and a lot of teachers were confused about why i couldn't speak english

welcome to "techcheck" i'm carl quintanilla with jon fortt and deirdre bosa today, stocks rally to closeut the month of january the nasdaq higher by nearly 2%, trying to avoid the worst january ever coming as we await quarterly results from alphabet, amazon, metta, snap amd and others this week then more artists join neil young in calling for a boycott of spotify the stock gets an upgrade today and other subscription based companies. >>> plus, one wall street firm deciding to buy now. the analyst calling the bottom on a firm is with us this hour we'll start with the market, tech is surging at the end of what has been a tough month and we are set to get a whole roster of catalysts this week out of earnings >> carl, market giving back a little bit of what's been taken from some of the hardest-hit areas that does kind of nasdaq 100-type stocks qualify, but also the hypergrowth pandemic stories. a two-year chart is kind of fun right now. takes you right to the precipes of the covid crash here is some of those names, snap, docusign, paypal up almost exactly similar amount over that span of ti

welcome to "techcheck" i'm carl quintanilla with jon fortt and deirdre bosa today the nasdaq quicklying lower here, down 1%. taiwan semi, managing to hold on, lifting the entire chip sector back to new heights at the open can you continue to bet on the winners or is it time to dip in chips? >>> snap crackles. shares get another downgrade why the ios changes may be to blame. >>> later, the ceo of chegg. why one firm thinks this name could garage late to record levels in 2022, dee. >> we'll start with the chips, carl taiwan semi, shares, getting a nice pop this morning after the iphone supplier reported a record profit in q4 and provided up the guidance. the move good enough for new all-time high. shares up more than 6% and this comes as the chip sector continues to outperform software the sharp divergence that started in late october. check out this chart semis were one of the strongest trades of 2021 you see that divergence take place around november. we're seeing a boost to other names in the sector as well. very interesting setup heading into earning season. semis continue to outpe

i'm carl quintanilla, jon fortt, deirdre bosa and julia boorstin.h selling remains unabated today julia has a timeline of buffett's activity in apple coming up. but first a news update with rahel solomon. >> good morning. and here is what's happening at this hour. a record 4.5 million americans quit their jobs in november. another sign of worker confidence and tightness in the labor market job openings fell to 10.6 million but that's still high by historical standards. >>> u.s. manufacturing activity slowed in december and was weaker than forecast the ism manufacturing index dropped to its lowest level since late january, but there are indications that supply constraints are easing >>> input costs for factories posted biggest monthly drop since early 2020. >>> oil prices are rising this morning. brent crude above $80 a barrel opec and allies agrees to remain steady output. >>> toyota was the best selling auto brand in the u.s. last year beat out general motors for the top spot that's a distinction that gm has held for 90-consecutive years, carl appa

join our working lunch jon fortt will talk with the ceo of drift when "power lunch" returns.get your it staff has be ready to take on new challenges. that's why we built an office obstacle course ... to prepare our people for anything. you're late well, cdw amplified services experts will consult with you to design, orchestrate and manage your most complex technologies to help you quickly overcome any obstacle ... without all of this. oh, that is better. who's that? oh, if you want coffee, you gotta get past tantrum. you're in for a brewed awakening. for technology that moves you forward, trust cdw amplified services >>> a lot of businesses are turning to technology to help them turn online visitors in customers. a new crop of software companies offering tools to help companies close the sale jon fortt has the ceo whose company recently reached unicorn status welcome back for another working lunch. >> well, david is the ceo of drift and it makes what's called sales acceleration software. a serial entrepreneur, he is working on his fifth start up. he comes from humble beginnin

welcome to s"techcheck" i'm carl quintanilla with jon fortt and deirdre bosa tesla kicking off 2022 withang why that stock is up more than 9% on the first trading day of the year finally, verizon and at&t say no to regulators. is a 5g roll outcoming your way soon >> our feed starts with chip sock, goldman sachs includes marvel tech and micron among its top stock picks for 2022 the sector is already coming off a big year, easily outperforming the s&p thanks to huge demand contributing during a continued global shortage. one analyst this morning says that there is more to come, jon, predicting chip sales will grow more than 10% this year. yes, it outperformed the past year 2021, but it's actually the third consecutive year, jon, that chips have outperformed. >> carl, dee, first, happy new year great to be back with you. i think this is a time where we've got to really emphasize the difference between stock performance and financial performance of a company because i think there's this tendency to always assume, oh, what happened yesterday is baseline. so if a company does well the stock ou

welcome to "techcheck" i'm carl quintanilla with jon fortt and deirdre bosa today, tech investors, theasdaq is down 2.5%. tech's rocky start continues touching a three-month low going back to october. we'll break down the action in just a moment. >>> one trade that is working, l longzynga. >>> finally, with so many names getting swept up in the selloff, is now the time to buy some megacaps at a discount we'll talk tactics with dan niles, jon. >> yeah, before we get to all of that, the nasdaq selling off now down 8% since the end of '21 let's get to mike santoli with a look at tech. >> jon, the selling has turned indiscriminate it's a purge than an orderly rotation the nasdaq composite actually touching its 200-day average on the downside for the first time since the covid crisis extraordinarily long time above that here are dynamics that really show the violence of this kind of what was a rotation and now just a general stepback with some of the largest stocks not immune it might be a good sign. here you have nasdaq 100 against s&p banks. it just couldn't be more dramatic, right? verti

i'm carl quintanilla with deirdre bosa and jon fortt massive m & a news this morning.rosoft buys blizzard for $68.7 billion and all cash deal expected to close in 2023. activision a company mired in sexual harassment allegations just this morning terminated 37 more employees as part of an internal probe they'll stay on as ceo for the time being the head of microsoft gaming phil spencer joined "squawk on the street" earlier this morning on what led to the deal. >> microsoft has this great, long history, like we do, that goes back to the 1980s in video gaming they have the incredible resources and incredible pipeline of talent, culture that is aligned like ours for focus on creating a really great work experience, and so while there are a lot of other companies that would be interested in a company like ours, microsoft was clearly the company that made the most sense >> that $95 a share price, 45% premium to friday's close. deal comes just a week, of course, as you know, after take twos $11 billion zynga acquisition. jon, lots of implications for the metaverse, for gamin

jon fortt has a preview, the street is looking for 91 cent eps on revenue 18.32 billion considering thellenges intel is facing, gross margins in capex most important metric because the general attitude of intel road to product and technology leadership takes more than a couple quarters intel gross margin quarter reporting here 53.5% down from 60 a year ago. high sir better, of course as we look at the report long as it comes with a revenue beat warning here there could be a lot of stock moving based on the color intel gives on product launches, timing of those. questions about possible delays and spending on chip manufacturing, guys. >> jon fortt, thanks for that. >>> and the question less legitimacy after the move we saw during that press conference what we've learned from this week, earnings more important than what the fed says or does, even the trigger of selling start of the year was great. microsoft for example, yesterday showed the effect earnings can have for a massive stock >> for sure. well, after today once we get through tomorrow, sometimes you get sort of the rethinking del

i'm here with jon fortt and deirdre bosa chips get hit today, before talking to intel's ceo pat gelsinger. the dow is rallies after barely recouping yesterday's losses and finally netflix and bill, bill ackman announcing the holding of the company just what exactly could he push for. we will discuss, dee all of them move across the industry, and tells margins down last quarter as a company we ended up across a slew of new products the ceo noeled that the supply constraints continue to have an impact supply chain also a theme hurting lam research due to, quote, worsened supply chain conditions that stock, guys, is down 5% we're in a chip shortage environment. we can't lose sight of that fact some semis are able to hike prices does intel's results suggest that -- >> it's definitely difficult to hike prices when you don't have products leadership. that hasn't been established, pat gelsinger would say, yet there's all spending that comes with new products. they have that coming -- going on as well we're talking about chips, we should mention amd getting the xilinx approval in china they have

welcome to "tech check" i'm carl quintanilla with deirdre bosa and jon fortt.ur first guest says the cloud is next. reasons that sector might be right for consolization. amd gets the downgrade, we'll talk about the piper call. and later, netflix tonight, why investors are looking outside the u.s. for calls >> meanwhile, carolina, nasdaq, we're going to put this historic drop in perspective. remember, it finished more than 10% from its record high 8% just this month that said, nasdaq is having its best day of the year, jon. we're constantly monitoring the movements, it's good to put this in perspective >> always like to zoom out and put it in perspective, and that's where we're going to start this morning, putting that word "correction" into some context. nobody does context when it comes to markets better than mike santoli to break down the software and how much investors should be sworried, good mornin, mike >> yeah, software was in, early part of last year, we'll see if it ends up being first out let's take a look at how the software sector performed over the

welcome to "techcheck" i'm carl quintanilla with jon fortt and deirdre bosa today, tech's big tumblea hawkish fed the biggest risk to your portfolio this year do not a break down with dan niles. then fintech's fumble. why today's selloff might not be a bad thing when it comes to risk. >>> finally, crypto crumbling as bitcoin nears 40k. what's driving the action there. if you ask some, nothing we will discuss that >>> first up for today's feed, we'll start with the selloff the nasdaq is coming off the worst day since february after the hawkish notes from the fed sent yields higher and growth names plunging is more volatility ahead as we said, here to discuss, dan niles is with us dan, we know you've been waiting for an environment like this i imagine this is exactly what you had thought was coming and i'm going to guess that you think it's not done by any means. >> well, unless you think inflation is done, and unless you think the fed is done, it's hard to imagine that this is done because you've had -- if you look at the dividends included, the s&p is up 100% over three years it's up

i'm carl quintanilla with jon fortt and deirdre bosa the nasdaq is down another full 2% today and leading the declines, ark funds, tesla, netflix down another 7 the crypto crash, bitcoin and ether down by double digits over the past year after friday saw $137 billion wiped out from crypto markets bitcoin below 34k. social stocks losing some clout. the bears come after snap ahead of earnings, dee. >> we'll start with that sell-off tech sinking yet yet the nasdaq was down 3.3% and it's now down more than 16% below it's record close. ongoing debate here, how much of the sell-off has been rate focused, how much is business fundamentals late last year we got bad misses from the likes of snap, roku, pinterest, adobe, salesforce it had nothing to do with the fed or a shift to value stocks last week, though, it was netflix and peloton both sinking on soft demand and weak user growth this week we will see who gets punished, if they miss or just don't beat by enough perhaps some upside surprises too. we've got ibm earnings today, microsoft tomorrow, tesla, intel wednesday, apple thursday. jon, it i

those stocks also in the red we will move along thank you very much, jon fortt today.alk at&t, which is also on the rise after saying it added 1.3 million phone subscribers in the fourth quarter, nearly 400,000 more than expected. shares did drop 14% last year, amid what the "wall street journal" calls a gut remodel to its strategy it is spinning off its tv and media business into the joint venture with discovery in order to focus on its core wireless and broadband segments julia boorstin here with the story. julia, i thought on the broadband side it was maybe less good news. >> yeah, the broadband numbers were both slightly lower than expected and also the fourth quarter was slightly lower than the third quarter, but i think that the reason the stock is up today and you now see it up 4%, kelly, really comes down to the growth of those wireless numbers. not only were they more than 300,000 better than expected for those wireless additions, but also if you look at the full year, this was the best year for at&t in terms of those post-paid additions in about a decade. we

welcome to s"techcheck" i'm carl quintanilla with jon fortt and deirdre bosa tesla kicking off 2022 withmore than 9% on the first trading day of the year

welcome to "tech check" i'm carl quintanilla with deirdre bosa and jon fortt.ight be right for consolization. amd gets the downgrade, we'll

welcome to "techcheck" i'm carl quintanilla with jon fortt and deirdre bosa today, tech investors, theching a three-month low going back to october. we'll break down the action in just a moment. >>> one trade that i

welcome to "techcheck" i'm carl quintanilla with jon fortt and deirdre bosa today the nasdaq quickly 1%. taiwan semi, managing to hold on, lifting the entire chip sector back to new heights at the open can you continue to bet on the winners or is it

techcheck" starts now ♪ >>> good tuesday morning welcome to "techcheck" isle carl quintanilla with jon fortt, elizabeth holmes guilty. the reporter who broke the story wide open will join us this hour >>> then, what sho

welcome to "techcheck" i'm carl quintanilla with jon fortt and deirdre bosa today, tech's big tumble to your portfolio this year do not a break down with dan niles. then fintech's fumble. why today's selloff might not be a bad thing when

welcome to "techcheck" i'm carl quintanilla with jon fortt and deirdre bosa today, stocks rally to closeer by nearly 2%, trying to avoid the worst january ever coming as we await quarterly results from alphabet, amazon, metta, snap amd and others this

i'm carl quintanilla with deirdre bosa and jon fortt massive m & a news this morning.to close in 2023. activision a company mired in sexual harassment allegations just this morning terminated 37

i'm here with jon fortt and deirdre bosa chips get hit today, before talking to intel's ceo pat gelsinger

i'm carl quintanilla with jon fortt and deirdre bosa the nasdaq is down another full 2% today and leading ark funds, tesla, netflix down another