vacancies in studio going up all in all because of low interest rates and tremendous yield and lack of overbuilding there's more capital wanting to invest in commercial real estate than a long time >> we have to leave it there we're at the end of the hour thanks for joining us the. >> that will do it for "squawk on the street" "techcheck" starts now ♪ west virginia ♪ ♪ blue ridge mountains shenandoah river ♪ ♪ ♪ good tuesday morning and welcome to "techcheck" carl has the morning off today, didi disaster shares of this year's biggest

ipo down more than 20% this morning as china removes the company from its app stores. then a $70 million ransom the latest on this weekend's cyber attack with more the than 1,000 businesses impacted. and a split of apple two wall street firms going opposite way this morning on today's battleground stock with shares for an all time high. >> we're watching amazon up more than 3 percent three biggest laggards on the nasdaq 100, 75% of which is red. i call that didi contagion look at shares of didi down some 20%. they are sinking after china announced friday it would halt downloads of the popular ride sharing app while it conducts a cyber security review of the company. china pulled the app from stores entirely just on sunday.

also announced probes into two full truck subsidy rice and online recruitment all of this turmoil might have been prevented "wall street journal report"ing china warned didi three months ago it should consider delaying their ipo due to cyber security concerns but the company forged ahead and speeded up its road show this could have bigger implications tik tok parent bite dance could consider pushing their ipo back to 2022 and listing in hong kong rather than in the u.s so what didi, alibaba, this broad crackdown china is trying to protect data, national security and regain control. that's more important than ambition for chinese companies global success and bite dance first chinese company really to see that global massive success over in the west as well and the thinking now is that even that

company even though it's a feather in my company may not be safe from this crackdown either. especially over data >> that story line doesn't make sense to me. the idea that this would be about protecting data. we've seen here in the u.s. this -- apple is a public company. tim cook has gone to congress and talked about how they are encrypting data, continuing to encrypt data and not give the government access to customer data so i'm not sure what would make the argument that a chinese company would be required to share customer data because of listing in the u.s unless it's not individual, what kind of data are they wanting from text. i wonder if this is really making sure that everybody knows that the china government itself, the communist party is the most important stakeholder in all of this and china isn't turning into a place where the rich and powerful companies have

so much more sway than they did in the past. i don't know i really want to talk to smart people about china and get their perspective on what this all means. >> different philosophies. right? in china companies have to share their data with the government very different approach over here in the u.s. so perhaps applying their rules and assuming perhaps rightly or wrongly that the u.s. government has access, somehow, to our tech companies data which is a sensitive topic and we talk to ceos all the time and they say they protect it very carefully we heard from xi jinping last week he talked about rising up against foreign interference and we've seen a bunch of chinese companies raising more this year than they did in all of 2020 we could see the tide start to change especially if they get scared off and the government is pressuring them to listing places like hong kong and

shanghai >> makes me wonder how much the rules are changing we've seen so many companies, huawei as an example we don't share with the chinese government what you think we're sharing. we wouldn't do that. if the communist party is flexing this way with younger companies what's the message flexing in hong kong as well what's the message about how far they are willing to push, and just how serious they are going to be about making sure they have access to everything they want >> right right now it feels the ccp your allegiance to the government comes first beyond your global ambitions. last week we asked didi investor, the manage partner why he was bullish on didi and what made him confident that the company wouldn't see a crackdown. have a listen. >> 13 the million drivers depend on didi. there's no way that anything

will cut down and cause social unrest 13 million people are depending on it. that's why i'm bullish on it >> back with us now, christian aka -- cadeo back on. are you more concerned >> look, the first thing i got to say is, i got to give a clap to the ccp government. they showed who is boss, clearly. you know what's the kicker they basically made international investors take a punch and they hammered us but, look, in the short term, no short term clearly wrong this sucker will be basically a falling knife or dead money for at least the next 45 days because this regulatory review at a minimum 45 days, parental

more agencies involved, who knows how long it will take. basically be dead money for the next 45 days long term, look -- >> i'm sorry go ahead. >> 45 days, probably longer. ever 45 days -- even today i'm still bullish. 13 million people depend on didi for their livelihood if didi goes away where will they work? nowhere else they will work. second thing is look too big to fail at this juncture they may have to pay a fine. but i think it will he get resolved >> are you saying that in the longer term if they he resolve this they can emerge from this stronger the there's 15 million drivers

we thought this might be different than an app group but what makes you confident once again that this is going to be resolved in just 45 days we've seen billions wiped off the market cap >> look, i was wrong in three days, so i could be totally wrong in a year. but at this juncture, yes net profit margin -- but other metrics. they have 400 million active users, 15 million drivers. the numbers there are. fundamentals there are they were profitable so, numbers are there. regulatory macro issue, look it came out of left field no one expected that i think for the most part regulatory damage will look pale maybe a huge fine. maybe some lawsuits.

now i can understand what did didi know and when did they know it a lot of be issues long term fundamentals are a sound business >> you're argument for why didi will be okay in the longer term sounds suspiciously to me like the argument for why china wasn't going mess with hong kong because hey it's such an engine of prosperity, it connects to trade with the west, it's been so successful, it's a signal to china's desire for openness and yet we see china pulling hong kong in and really cracking down how do we know this isn't a similar strategy of no we're not going entirely blow you up right now but we'll show you who is boss and gradually twist your arm until it's at the point of breaking so you become part of what we want to you be without destroying you what about that? then what about didi's international ambitions if it comes to be generally accepted

that china has access to all the data and all the strategy inside didi >> yeah. first question, i don't have an argument for that. no answer to that. on the second one i think look in terms of didi being in the international market -- or they go to other markets, potentially in asia that's not as a concern as it potentially goes into west markets. i'm not too concerned about that >> christian, regarding that "wall street journal report," as an investor did you know that chinese regulators were urging the company to push back its ipo? >> i did not, no in fact, some pest of the news came up. the top questions i have and hopefully you can get to the bottom of this number one they have smart bankers.

i guarantee they advised them why didn't they do a full listing. they didn't have to wait who made the decision at didi to only go to a u.s. listing, which we know it's done like that. number two, go back to the road show when i heard they closed it in two days, i thought it was over 10x. now news is coming through they pushed it the through. now the government is now saying pull back. so why was there an urgency. fundamentally what did didi know and when did they know it because that's a huge question as an investor i can wait. you have to resolve that >> agree i think there's more questions to be answered out of this for early investors like you and also ones that may have gotten in after the ipo clinton, we appreciate you coming back on with us talk to you soon >> thank you let's get to that hack news. some big cyber security stocks

were on a tear like cloud strike and spunk now up 20% justin last month. okta and fortinet. eamon javers has more on this ransomware hack that impacted more than a thousand businesses when all is said and done. >> reporter: that's right. kaseya is the company that's impacted they have been putting updates on their website on a fairly regular basis. we're expecting some new information from them. here's what they told source far. they say there are only 50 companies directly impacted by this hack. so the problem for kaseya is that all of those customers have customers themselves and so the total impact they estimateis about 1500 businesses. being called the biggest ransomware attack of all time. they do anticipate bringing servers back online later today. so there might be some relief in

sight here for some of these customers which are generally smaller and mid-size businesses. i talked to a ceo earlier today of a cyber security firm and i asked him about this request by the hackers, the group revil for $70 million ransom payment and whether or not he thinks they will get paid that here's what he said. >> cyber criminals can be negotiated with. it wouldn't surprise me if someone paid the ransom to be closer to 40 or 50 million ballpark i haven't seen anything suggesting that kaseya will pay for a universal decryptor. >> that's the question here is somebody going to pay this $70 million ransom or negotiate it down to some lower figure and if so who is it that's going to pay? is it kaseya or all of those 1500 small and medium size companies that have to negotiate individually with this hacking group that's believed to be in russia and figure out their own

price. that's the $64,000 question or $70 million question and we don't know the answer to it. >> what are the potential policy impacts that you see bubbling up from this. i hear from washington that companies are being encouraged not to pay these ransoms but at the same time the government is saying it's your responsibility to secure your systems once companies are faced with the reality of their data being locked down and their business being halted, i mean it seems like they would have to pay. the is there a policy shift that's happening towards the government offering more protection or something else that will happen to perhaps slow down these ransomware attacks? >> reporter: it seems to me the government has been a lot more quiet about its advice not to pay. in past years they said don't pay the ransom seems to be anning a knowledgements on the part of a lot of folks in government particularly in the wake of the jbs hack and colonial pipeline

hack some coerce in a life and death situation and they have to pay off theed bad guys you're seeing them dial back that rhetoric. it's still the official policy the bigger question what happened in geneva between biden and president putin. we know biden presented vladimir putin with a list of 16 critical infrastructure industries that he said that were off limits for cyber attacks. why is this continuing if you're assuming that vladimir putin had the ability to put the kabosh on this why is this continuing to happen and happening even over the fourth of july weekend it's pretty substantial, you know, and a dramatic day for this attack. >> since it's working, i imagine there's all sorts of people who

would like to get in on it independence looking for finance and cover if they can't get it from russia they can get it from other places >> reporter: by allowing these cyber criminals to exist in russia and some of the former soviet states what they are doing is developing a cadre of sophisticated hackers they can turn to if they decide into the a national need. right now these are unaffiliated criminal gangs that operate independent of the government. but you can imagine the putin government knows who they are and where they are and deploy them if they mind to a movement emergency. why would vladimir putin give this up because joe biden asked him to that was the big question coming out of geneva. the answer so far is, he's not >> yeah. you have to take him at his face value, his word of face value if you are to believe that. thanks for breaking it down for us still to come record retail activity and what that means for

robin hood and two high-profile spacs. we hear from the facebook. "techcheck" is just getting started. it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. get ready for it all with an advanced network and managed services from comcast business. and get cybersecurity solutions that let you see everything on your network. plus an expert team looking ahead 24/7 to help prevent threats. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities.

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accelerating apple is bucking the tread up a little over 1%. attractive set up for shares in the second half. time to start buying again the now price target is lowered arguing the street is over optimistic on iphone sales going up different views on how much higher the stock goes for the rest of the year 6% or 21 the only three dow stocks in the green all tech the retail investing boom is showing no signs of slowing down retail investors bought around $28 billion worth of stocks and

etfs in june that's a record monthly amount going back 2014. what does this mean for robin hood which just filed its f1 to go public. good morning to you and thanks for being with us. robin hood has been a big part of this retail trading boom, bringing in new investors to the market you don't exactly agree with this method what some call the gamefication of trading. >> oh, boy great to be here, guys robinhood's business model is as old as time going back 100 years. i'm conflicted with robinhood. they have tens of millions of people that wouldn't have been investing in the financial markets. the problem is, you know, their stated mission is democratize. that's a noble ambition. we say it's like mcdonald's saying they are going to

democratize food you teach all the wrong lessons. if you eat milk shakes and hamburgers and french fries you'll have high blood pressure and diabetes and learn all the wrong lessons. so if you view robinhood and also any financial institution through this lens, okay, robinhood in many ways casino or gaming company then it's totally different. in the financial world you have to separate out, you want partners that are either fiduciaries or where the incentives are alive that's problem with robinhood. charlie munger says show me the incentives, i'll show you outcome. they are incentivized to have you trade as much as possible. they are simply an options firm. they make their money from options, then some stocks and some crypto. the problem for payment for order flow, actually am not hugely against it. i mean there's lots of countries that have banned it.

my problem is if you have this altruistic message and say we're here for you guys. people don't care if you sell it people care if you don't senator. that's a big difference. >> what is the long term value proposition for a platform like robinhood. we've seen revenues just soar and their transaction volume soar earlier this year but do newer retail investors go with a different platform that is perhaps more transparent or doesn't use that pay for order business model >> they will robinhood could fix their problems in one day. three things dhe do. >> other brokerages uses -- >> it's easy brokers make money four different ways they describe it differently payment for flow, interest which is like where schwab makes it. robinhooded can first be honest. they are often dishonest

the executive said all their investors are viable investors that's absolutely bold face lie. right. they do 80 times the trading that schwab customers do second, just be honest second would be you can share in the short lending. most investment companies like ourselves who manage public funds, we do short lending the different is we return all of it to our shareholders. one of our lowest cost funds that's a 0.3% management fee lastly, obviously, they need way more customer support. something like 10,000 com complaints >> bottom line it seems like robinhood has this line they are democratizing financing, investing. i don't see it that way. it's been easy 30 years for

regular people to directly trade stocks and manage them, et cetera, yes fractional shares are an innovation but i don't think robinhood particularly invented that. what they are doing is gaming. they are more bellagio then buffett. if they are vegas. vegas go through these boom and bust cycles. when the economy is good they are hot in that. but then they are a family destination when things cool off. is that when a robinhood will do friendly when mean stocks are no long ear big thing and crypto cools they become a family trading app and lead into long term trading and develop some sort of subscription plan encouraging people to go, you know, say for the long term, investment long term >> i love how you basically described vanguard

look they could. they probably won't. this is like saying, asking your barber do you need a hair cut? they are incentivized to get to you trade as much as possible. they could push you down the path hey don't trade so much all the research shows you'll just nuclear your account by hyper trading. don't check your account 50 times a day. all these things they could do but, again, that means their bottom line revenue is going to be lower, the growth would be lower. they could, but unlikely they will >> right they might say, though, they are letting newer investors make their own decisions. we'll have to continue this conversation at a another time thanks for being with us still to come, china's crackdown on home grown tech we're live from beijing as didi shares continue to fall. we'll be right back.

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resetting here near the bottom of the hour welcome back to "techcheck". we continue to watch the sell off in chinese tech but first let's get a news update. good morning here's what's happening at this hour crude oil prices down $2.5 nearly hitting $77 a barrel for the first time in over six years after opec and its allies failed to reach an agreement on raising oil production pfizer shares are down and this is after a preliminary stewy shows the company's covid vaccine is less effective against the delta varyants pfizer said other studies show it gives strong protection shares of amc entertainment is up. the company is withdrawing plans to offer 25 million more shares.

ceo says he doesn't want to split shareholders over issuing more stock and growth services slowing during june. falling to 60.1. that's after hitting an all-time record in may. employment index plunging six points and dropping into contraction territory indicating many companies may be struggling to fill new positions. you're now up to date. back to you. and as we showed you just a moment ago shares of didi continuing to fall they were down 22% let's get over to china. great to have you. thanks for staying up. there's a narrative out there that this is about protecting data, but i wonder, is it just as much or more about protecting against a rise in ruling by the rich we got a lot more of these people who are becoming rich and

seem to be pushing back against the idea that the communist party control them >> reporter: there's definitely concern about an element of that that the private enterprises could become an entity of themselves, to be able to push back as you alluded to, to southeast changes that they are seeing with the chinese government at this point it's not a push back that we're seeing in any open way, just because of the current environment. but it is a concern that you're seeing reflected in some of the moments by the chinese government i'm currently outside of a training center for didi drivers and the drivers earlier had told us that they are worried about this investigation, potential impact it could have on the business and specifically for them on their profits. but, of course, this comes as the app itself is still functional here. the drivers are following the

headlines and tonight, just about an hour ago, the china daily one of the state papers said no matter how profitable companies must first take into consideration data security risks. so, again, really hitting home what the papers have been saying that data sovereignty is china's biggest concern. now earlier today beijing also announced it is revising its rules for chinese companies that are looking to list overseas so the supervisory role of beijing will be much more included in the review process they will be involved in data security, cross-border data flow and confidential information to prevent possible leaks they mentioned the principle of reciprocity when it comes to

international audits one of the concerns of congress has been the accounting standards for a lot of china companies and there's been a push from congress on these audits >> thanks so much. we're going to stick with the topic of didi and the theme of regulation risk both abroad and here joining us now former zillow ceo, now ceo of picasso. you are a co-founder so talk about regulation, and what's happening in china, it seems to me that there's been this slow boil in what's happening there and i wonder from your perspective as an entrepreneur, perhaps who has looked at operating in china, investing in companies that are operating over there, what are your concerns? are there things you're not concerned about the?

>> it's scary for anybody that does business in china and a lot of countries i have been involved in avoided of doing business in china for this reason people forget just because you can buy an iphone in beijing it's an authoritarian regime and an authoritarian regime worries about power. in the 20th century that challenge was organized religion and that's why the soviet union and communist party didn't permit the only thing that can rival growth and pear is big texture that's why they are cracking down on it big tech create these deities that are revered by the populace for a dictator that's not good >> spencer, it seems to me at

the same time that china is doing things that bodies in the u government want to do but can't manage to pull off we're talking about access to customer data. there's been push backs against encryption government saying give us a back door there are entities in the government that are trying to push back on social media's rights to free speech, make them publish what politicians want to say despite what their private rules might be what do you think is the role of u.s. companies and u.s. business leaders in the face of not only this push back from china but sometimes by their own government >> there's a lot of u.s. government that look jealously at what the chinese government can do in terms of regulating big tech the u.s., there are a couple of back doors of regulatory oversight or scrutiny of big texture. what's happening with the ftc

and more activist bent than the biden administration and the ftc already has made a big move on july 1st, one of the first changes under the new chairwoman was to rescind a 2015 policy which now the ftc is baseball able to scrutinize behaviors of companies even before they potentially violate antitrust and so there's a new, a new rubric on which the ftc can look at behavior. predatory pricing. can amazon slash prices on amazon basics. under the old ftc regime, that's great, that's fine for consumers. consumers benefit. consumer welfare test. that was fine. under a new ftc philosophy that's not so great because it actually is unfair to competitors. the other vector that we're experiencing regulatory risk is inflation. there are a couple of bills making their way through the

house right now some of which are misguided, in my view. and very problematic one of them, for example the ending platform monopolies act which sounds good. what it does it prohibits platform operator from having horizontal business. so apple, no apple watch, music because they operate vertical. once we realize that those services would be at risk, they will push back >> even as you lay these arguments out this is all going through congress and sommore steps versus in china. we don't need to have this debate the government and regulators don't need to debate in public i wonder at some point do you think that american companies operating in china, their investors should be worried right now. bay sing is cragging down on its own chinese companies. when you look at the data that tesla is collecting over there,

could they be under pressure >> this is very scary for any american company operating in china. companies like microsoft have done it very carefully and very well other companies have not touched it but, you know, this is a scary stuff. for didi to go public and two days later be pulled from the app store. gosh the shareholder lawsuits that are being filed right now today because alleged hurt to investors, oh, man, didi will be died up in lawsuits for years. >> one investor said he had no idea they were under investigation or push back to listing. what he said get to if bottom of this, many are asking that question and investors that just got in over the last week.

spencer, as always, thank you. we'll talk to you soon meanwhile bitcoin is still down 50% from it's high back in april. the declines may weigh on company's quarter results. we go live to san francisco for more we talked a little bit about this last week but this kind of implications for those companies or companies looking or thinking about putting crypto on their balance sheet? >> reporter: that's true tesla is not alone those recent price drops and crypto accounting rules are setting up some losses for tesla and other companies holding bitcoin. tesla first disclosed its crypto purchase back in fehb. we don't have exact timing analysts think it's when bitcoin was around, $32,000 or $34,000 tesla will face an impairment charge the tesla holds it as an intangible asset

if bitcoin's price falls under the carry cost at any time after they boigt, an impairment cost will be recognized tesla has to mark it down on its financial statement. on the flip side tesla can't mark up the valve its bitcoin until they sell it analysts i'm talking to are looking between $2 million to $100 million it's been a rubric's cube. for other companies holding crypt jose math. depends on the price where they bought in. square, for example, might be in slightly better shape. they bought the majority of its shape back in october of 2020 but still bought some this year. macro strategy has been on a buying spree big things folks are watching for tesla in particular.

did elon musk sell bitcoin in the past few months. first quarter, bitcoin boosted tesla's profits by more than $100 million back to you. >> we could see elon musk continue to move the price of bitcoin. coming up next, next door goes public. "techcheck" is back in two minutes. there's an america we build and one we discover. one that's been tamed and one that's forever wild. but freedom means you don't have to choose just one adventure. ♪ ♪ you get both. introducing the wildly civilized

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jeer thrilled this morning to be announcing the go public with spac it's going to bring in a lot of proceeds, $686 million of gross proceeds and a real blue chip side of investors. >> new this morning, nextdoor social network the 10 year old start up the company raising just under $700 million in gross proposeds as part of that deal you just heard from the n nextdoor here is the other side of the

spac, early investor, chosla on the investment opportunity >> sara for a long time at square we saw the market cap go to $100 billion. we know each other well. nextdoor is the neighborhood social network like linkedin is the be social network. it has very strong local online/offline effect which is very rare. >> other nextdoorinvestors include kathy woods, tiger global and t. rowe price nextdoor will trade under the ticker kind. the market conditions had to go right to go public and they were ready and indeed now looks to be the time >> i guess i don't get it

this does not look like the type of company that i would expect to be a spac candidate it's a consumer brand. it's a brand a lot of people know i has had a pedigree ceo it has social networking i'm surprised they went this route. perhaps responsible. if they went a different route they could have gotten more valuation. alight making its debut. we'll speak with the ceo next. - had enough? - no... arthritis. here. new aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme.

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stocks are bouncing. the dow was down 400 points. now recovered a little bit down about rest of the year head to cnbc.com/pro for that. we're back in just a moment.

a bit of a spac comeback lately alight backed by bill foley going public today via spac. alleges evaluation around $7 billion. joining us live from the new york stock exchange is alight solution stefan scholep you are in for a couple years ago. about there about a year and a half i can't notice the design attention in what alight does and the desire to weave together various aspects of the employees experience is that a big part of your pitch to investors to sort of take share in this space? >> absolutely, job jon thanks for having me on this morning. the whole human capital management space is fragmented unlike the client-facing world where you've written and talked

about the last 20 years where any consolidated systems in the digital world. that never happened in the economy side what i've seen the last 15 months, employees crave the integrated personalized experience across health and wealth our mission is to help employees become financially secure and stay healthy and the pandemic has highlighted the absolute importance on bringing that together into one integrated, beautiful experience. >> and does that mean being better capitalized is going to allow you to do m and a and provide more of that integrated persons by sort of scaling, bulging up and perhaps having more resources than the point solution out there. >> definitely, jon we raised $2,700,000,001 of the largest raises in spac history we are excited about the capital structure. we are emerging 2.3 times net leverage, giving us the capital capability to really be aggressive on m&a but also continue to invest in our work

life platform. which bringing together all the assets into one common infrastructure for our employees. >> where are you going to be hiring given that? and how much and see going to sort of weigh on profitability as investors expect you to be ramping up and taking share? >> two biggest areas of investment have commercial infrastructure we have hired value engineers. we have hired solution architects to go to our -- the fact that we serve half of fortune 500 and 70 of fortune 100 are our clients. we have hired the great commercial assets to work with cfo abcrh avermaet chrr board members to stichl together the end to end experience for employees. on the second side we hired a lot in engineering delivering health cloud, wealth clout and payable cloud this year hiring hundreds of engineering in building out the rad

organization in the last months. >> congratulations on the first official day of trading. >> thank you. >> dee. >> got a check on shares of virgin galactic downgraded at ubs, the stock ripping hire higher up near tli three times from the lows over a plont ago they go to neutral saying the positive news priced in shares up another 4% today. t "techcheck" back after a kwek break. with one companion that hedges the risks you choose break. ikwe break. quickwek break l wowek b. break. ith a touch. my strongest and closest asset. the gold standard, so to speak ;) people call my future uncertain. but there's one thing i am sure of... - dearest gastro pubs, bistros, and restaurants... thanks for treating every small plate like a big deal.

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president biden visited surfside and promised help is on the way. saying he and the rescuers are holding out hope for those not yet found. >> announcer: the facts, the truth, the news with shepard smith, week nights, 7 eastern. cnbc two things on the media front to mention before we hand it over to "the half." it was the number one trending article on cnbc.com over the weekend. continue that is run today read why the honey moon just ended for stream services. the piece by our own alex sherman on cnbc.com. plus if you wonder where julia is today, she is at sun valley rb live in idaho the rest of the week, jon, with a big lineup you won't want to miss we'll bring that to our viewers. >> want to put meat on the bone where the media story is concerned, how the companies are going to bulk up in services and perhaps reflect on the tradeoff between arming the media over

the top streamers versus seeing what they can do in theaters meanwhile, top gainers on the nasdaq, take a look at those amazon, docusign, zoom video as we wrap up here. work from home trade, still hot. central one up 9%. "halftime" starts now. all right, jon thanks. welcome to the "halftime report." i'm scott wapner big tech's rebound this several stocks hitting new highs as the dow touches a 400 point drop how key are the names to the rally which tom lee now says can be child support choppy. we'll sboo shannon skoshia josh brown pete najarian. great to see everybody beginning with tech, the nasdaq hitting a record high off the open today amazon microsoft, facebook, google new milestones, apple getting close as well. that stock has been on the move big