pift could be an opportunity to get in while they are battered and hammered stocks. >> spicy chicken still hot chicken in general. >> of course when is it not the chicken war is gone going, john, forever and ever. >> with that, appropriately, that will do it for "the exchange." "power lunch," perhaps with some spicy chicken, starts right now. ♪ "power lunch," featuring spicy chicken, begins right now. i'm tyler mathisen courtney reagan is right over there, she will joan us in just a second a selloff on wall street a busy end to a busy week. technology tachgs, the nagds on pace for its worst daily performance since september, volatility elevated. our market expert on where to find safety in this disturb leapt storm. and a big miss, the economy created far fewer jobs last month than expected. but wages are up

they could dent corporate margins next year. we will look at the industries most at risk. +a defense power player and an scuff interview with the lock immediate martin ceo we will talk russia, the growing threat from china at a time had he the defense sector is underperforming the broader market should it be courtney >> what packed show we have. a rough afternoon for stocks as tyler just pointed out the dow and the s&p at least are off their worst level of the session root to you. the dow though down for a fourth straight week. the nasdaq getting hit the hardest. down bm 3% more than 2.5% at this point technical levels are being tested the nasdaq 100 touched its 50-day moving average earlier in the session. tesla is the biggest drag, on paid for its third down day in a row. yields on the 30 year fall go 177% since the first time since

january. bob basketball has the particulars. >> thank you courtney. 3 to 1 declining to advancing stocks a lot of heavy volume in plain vanilla etfs, they are moving a lot of money around. the problem is pretty easy to identify the jobs report on the headline doesn't look great but it is not going to deter the federal reserve from accelerating their taper and possibly higher rates sooner that's causing a lot of turmoil in tech land tech stocks are richly valued. they will be hurt pie higher rates or even per igsing essentials of higher rates that's happening today this week, big cap tex were impervious but not today. all of them down a bit today the real mess that you are seeing is speculative tech, stuff that has higher pe ratios

people are more willing to have the higher risk. you see square, zoom, tesla, you see spotify, you see choice, you see palantir, on and on with the speculative tech names they are really getting hit the hardest. not just today it has been a very rough i don't have all four or five weeks for the speculative tech names look at the cathie wood arc funds down about 3%. the flagship fund, down about 25%. genome ear revolution, 25% ark fintech similar numbers. if not tech, what then omicron is preventing investors from fleeing into the cyclical sector so what's working?

wallgreen's -- the defensive haven of the world here. johnson & johnson, united health what do they have in common? they are all high quality defensive names. these are well-known companies, very profitable, very big, and very defensive that's where peep are hiding out for the moment i think the problem, courtney, and the problem, tyler, is that how long could you sustain a rally or any kind of a move at all just hanging out in defensive names? as you can see, even with these names up is market is notably to the downside we need more stability from omicron and a clearer path from the federal reserve. today's market move extends a volatile stretch for stocks. our next guest says there are names thatl provide some safety. let's bring in kevin corpson good the see you you heard the defensive names

bob mentioned. there is overlap in your picks walmart. do you agree that it is time get defensive? >> yeah, i think so. i don't think the word defensive so much. i like the idea of quality what we have seen in the last year was a rally off the bottom when all of the lowest quality stocks ran well above the high quality stocks i am talking about companies with a lot of debt i am talking about companies with low profitabilities i am talking about those that have probabilities from their cash flow streams. things have begun to change. now the higher quality stocks are holding up much pressure now when the market has come under pressure, high quality stocks as we define them at washington crossing are down only one third of what low quality stocks are we think moving up to the higher quality names get growth, still

see returns, but the market is going to be more challenged here given all the risks that we just discussed. >> are we in a correction? is that what you feel in is that what it feels like to you? >> it very well could be what we -- put it in context, before -- [ indiscernible -- which was a rich valuation then today that valuation is a little over $50 trillion, only having come down $1 trillion or so in valuation terms from the high. we are still looking a of the a margaret that's fairly rich that is now going to come into a period where there is going to be lest robust policy support. and you throw on top of that some question marks, i guess, about the growth outwork our position has been to lighten up on riskier assets, lighten up on stocks relative to bonds. we have done this over the last four months or so in our

tactical asset allocation portfolios we think we will be backfill as the market digests the historic run in valuation appreciation. >> egg speaking of that, it looks like we are getting a tech reset, if not a correction here. every time we have this debate about growth versus value, it always seems that growth in the enends up winning. at least in recent history. >> right. >> is it dangerous to walk away from tech right now. >> we just wrote a piece a week or so ago on or website, washington krozing advisors.com where we said what is the most important thing? we are value investors but even so, in the long run it really is about growth technology has been the seccor that has been able to deliver the most consistent rowth. by the way, that sector has virtually no debt associated with if you were to adjust all the sector's valation by throwing debt on all the other seconders

and then ask yourself the question what is the valuation disparity, tech wouldn't seem nearly as rich once you add the debt because there is no debt for tech overall, i think technology is ultimately going to get back on its feet, we are going see growth there but for the time being we are looking a of the a market that has gotten to be very expensive. so the higher beta, higher risk things that led us up here are likely to lead us on the way down focus on quality and durability and flexibility and those kinds of things, you should do just fine. >> how worrisome is the jobs report to the growth outlook >> well, we had a blip like in a few months back, if memory serves you can't just take one month from extrapolate from it but we are coming into a very important season here, specifically for retail and consumer spending and things like that. so we will be watching very closely what happens

the private sector has added a ton of jobs in the last few months this last month is an ab rant number, i wouldn't make too much out of one number. we would have to is he a trend of months. >> look back to october and revise that one higher, maybe companies were doing holiday hiring in october rather than november thanks, my friend. >> thank you, tyler. social media stocks getting hit in today's session, too. facebook is down 20% from its year high, or metha -- meta. julia boorstin has more. >> the social sector is falling more than the rest of the market look at pinterest. it's down the most of the group. it's off more than 4%. it is actually down over 45% year to date snap also down, about 4% it brings its losses for the year to down more than 8%. twitter following a ceo change

earlier this week continued its decline. that stock down about 2% right now. it is down about 23% year to date now, meta -- of course the stock formerly known as facebook, is also underperforming the nasdaq. down about 2% right now. still up more than 11% for the year in contrast a bright spot, the traditional media players. they have been hammered earlier in year. today in the screen. viacom up almost 4.5%. discovery up over 2% fox and at&t both up about 1.5%. and comcast up .5% now, the social sector is still facing so much uncertainty around ad targeting and consumer engagement while today's move indicates there might be a sense that those media players who have been investing in streaming may have been oversold -- i want to point out that disney and net licks are both down today. >> i have a question

i am curious about pinterest it is a different business model than some of the other players we are talking about why has that stock been owe battered what are investors hoping to see that they haven't out of pinterest this year? >> look, pinterest is one of these stocks that really benefitted from the beginning of the pandemic people were staying at home. they added so many more new users who had never be exposed to the platform before what was so shocking about the last earnings report is this idea that they were losing users and that the outlook was bleak, the sense they hadn't done enough to hold onto the new users during the pandemic. you might think all the new questions about the omicron variant could be a positive for opinion terrorist if it means people are going to be staying home more. but it seals like there is a sense that pinterest had its moment but then didn't hold on to the user gains or the ability to keep up the ruffin growth

either way, it doesn't seem to be a win for opinion test. >> of the go it. thank you, julia. >> thanks, ulia. coming up, more on the market selloff today and really this week an exclusive interview as well with the ceo of lockheed martin, from the biggest national security conference of the year. the stock higher on this down day. we will discuss defense spending, russia, and the throwing threat from china. and di di shares falling sharply. our trading nation team will weigh in on that one. as we head to a break, a check on the russell 2000. the small cap index down more than 2% today alone.

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lockheed martin's ceo jim taselet. >> we are here in simi valley, california, i am joined by the chairman of lack lockheed martin >> good to be here. >> i want to start with a macro issue that we have been hearing about throughout industries in north america. the supply chain issues. how are you navigating those right now? what is your outlook into 2022 >> we have been supporting the supply base at lockheed martin the last year and a half by accelerating payments to them so they can stay financially as strong as possible during the pandemic even so over the last summer or so, their supply of raw materials and parts themselves got slowed down that caused their delivers to be late to us,

and many other companies, as you have been saying, that create end products, like airplanes, together we had to work through that supply kind of delay, if you will, of only a few weeks. but it does impact the financial results. we have got a plan over the next yearer so to get that right back to normal. but it is going to take some time because the supply chain issues are still there, labor shortages, transportation blockages and things like that it is going the take time to recover but we have a plan to do it. >> we spoke to kagt kathy warden today, she said one of the things that's a concern of here's going into 2022 is labor. are you struggling to get enough workers into the company right now? and how are vaccine mandates affecting that >> we have been staffed all the way through. i am proud of our work force the people we had on board at the start of the pandemic, many of them had to come into work

literally from day one they continued the do that we have a lot of patriotism and loyalty in our work force. they overcame any concerns they had, they and this their family. we have been able to be fully staffed and fairly effective if operations the recruiting has gone well we recruit from a range of schools, diverse sources, et cetera so we have been able to staff. the vaccine mandate -- we are over 95% on track to be compliant with that among our population of employees, 115,000. we are well on our way to being able to maintain operations. from a labor perspective, lockheed martin issing do to be just fine. however our semiers and their suppliers we hope can keep up. >> a second continuing resolution takes us into february it means there is funding for what is currently in place but

not for new programs what does that mean for lockheed what does it mean for how you are thinking about those future capabilities and the ramp of the future capabilities that you talk about so much with the next-generation war fighter. >> just as you said, we can keep producing and working under the current contracts we have. what i am concerned about is if the continuing resolution guess fast february, perhaps the full year we are going lose that time, a whole year on really important new start programs and additions to existing programs in areas like hyper sonics, which are very timely and really sensitive. we don't want to lose a year because of a continued resolution we are hopeful that we will get the continued resolution turned into real appropriations by february hopefully, we can continue to do the up ovations that you just pointed out that the country needs to keep up with the potential adversaries and when

they are doing. >> hyper sonic missiles, and capabilities, it's still a smaller piece of the overall lockheed martin portfolio. just a couple billion dollars worth. but it is an area of potentially high growth. you have certainly got a number of contracts that you are developing for the military as well china getting a lot of focus in light of the recent tests that it conducted for hyper sonic missiles are we behind the ball with china? >> i don't think so. there is quality and quantity. i think we can catch up on quality and quantity based on our industrial base in the united states and our allies but we do need to keep investing in this technology it is very complex it is literally leading edge we are putting our best engineers on it. we created a team that's working across the whole company and everybodying the air force, army, navy, and also darpa, trying to move this technology forward quickly. i would say between the funding

and the priority that we have with our government customers,er with going to be able to stay on pace, i'll call it, with china. >> your background is in telecom. one of the thing you brought into lack heed martin is this push into something called 5g mill you made a deal with verizon how big is that opportunity to connect all of these different assets and poem for the military on ground through these platforms? >> sure. i think it's really essential for our national defense that we bring in together what we call the physical world technologies like hyper sonic, space travel, stealth airplanes like the one you see behind us. defense industry is really great at developing the physical world technologies to defend the country. what commercial industry has done is they have sort of outrun both government and defense industry in digital technology

development. so what wi am trying to do with lockheed martin is to bring in as many of those commercial digital technologies into our space in defense so we can accelerate the adoption of them and increase our deterrent capability and the effectiveness of our aircraft, ships, submarines, and satellites what i think is really important is if you look at the f-117 night hawk behind us it has been replaced by the f-22 and the f-35, both lockheed martin stealth platforms those are great airplanes. what it really can be is an edge compute node in a networked system where we can really enhance the benefit and the capability of each of those airplanes and all the surrounding systems with it by using these networking technologies that the digital companies created. >> i want to tell you, i am

being wrapped. really quickly, are you going to get the area o'jet aerodine deal done >> we are hoping we will close on that transaction. we think it is really important, especially because of hyper sonic and space when you can put the propulsion engineering together with vehicle engineering you can develop faster and better products that's what we want to do. >> investors will be watching that we didn't get to f an 35 we appreciate your time, we will have to discuss that in the future guys, i will send it back over to you. >> thank you morgan and jim. ahead on the show, more on the selloff. the nasdaq and the viral reddit shots are getting hit hard here's a look at stay-at-home stocks etsy, door dash and zoom the worst performers this week more on that when "power lunch" returns.

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welcome back i'm rahel solomon. here's your cnbc news update at this hour. within the last hour, the white house announcing president biden has signed the fund bill to keep the government open through february earlier today he also told reporters that the u.s. is putting together what he calls comprehensive initiatives to make it difficult for russia to take military action against oou ukraine. he said he hadn't spoken to president vladimir putin today, but it appears that something is in the works the kremlin says that putin want a legally binding guarantee that ukraine will not be joining nato and plans the raise the issue in an yun coming phone call with biden. >> biden was questioned about his health after reporters noted he souped congested and coughed several times.

>> your voice sounds different are you okay >> i am okay i have a covid test every day checking for all the strains what i have is a 1 1/2-year-old grandson who has a cold what likes to kiss his pop. anyway, it's just a cold >> in pen pens, a historic monument was badly damaged after an suv drove right into it the fountain about in town square honored survivors of the civil war. that crash being investigated as a possible guy courtney, back to you. >> that was quite a crash. time new for our etf tracker. this week we are looking at gold funds, which took in a net of $170 million in the we can ending yesterday inflation fears sending people looking for safety with the fed turning hawkish, easing some of the inflation

fears. we are also seeing some use bitcoin as an inflation hedge rather than gold those funds which are bringing in money are still lower on the week the gold etf is down 1.5%. the spyder gold shares and another is down slightly less than 1% as, see here for more head to the wilshire etf hub. we will continue to monitor today's big selloff. the nasdaq leading the declines. a dis'pointing report from the labor market that's adding fuel to investors' fears this week and we will discuss it all next.

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90 minutes left in busy trading day, ending a busy trading week lots to talk about, stocks, bonds, commodities and the jobs report's big miss. let's begin with bob pisani. hey, bob. >> you know, courtney, i know the market's in turmoil and people are confused but it is not acting irrationally. the jobs report is not as weak as it seems. the fed likely going to accelerate its taper, possibly have higher rates sooner than

expected that's a problem, particularly for technology stocks, the biggest cap technology stocks acted fairly well this week. they have been weaker, apple in particular held up today they are weaker. the problem here is in the more speculative areas. there are stocks out there where you are paying very high multiples for earnings that are way down the road potentially. not maybe so much, adobe, but the intuits of the world, et ceterays of the world. they are the ones getting hit the most often these names are associated with cathie wood the problem is omicron is preventing everyone from wholesale let's go into cyclical names. go to oil, bank names. today there is no wholesale move into any of those names. caterpillar, goldman, chevron -- it is a debacle but the volumes

around that big, nobody is throwing money at this other cyclical part of the market. what's left? we have high quality defensive names. these are consumer staple companies and health care companies. these are all great companies, all high-quality companies the problem is, they are only about 15% of the stock market. none of this, none of these defensive names are enough to sustain any kind of rally in the stock market and you see that today so the market's in a little bit of a difficult situation we are dealing with some richly priced stocks. there is some risk in the market people are naturally derisking in the most risky stocks byes, this makes perfect sense, but it's little bit gut wrenching to watch it. and we just need a little more clarity on omicron and the fed's intentions that we will get that december 15th. >> some of the names are markedly higher when compared to the rest of the market with gains of 2% or so. bond yields falling today, too, after the jobs report disappoints.

rick santelli is in chicago tracking it all for us hi, rick. >> indeed, it was a very peculiar jobs report we saw the post covid low unemployment rate. of course at 4.2%. we saw labor force participation at its highest level, although it's not super high. but higher than it has been since covid hit at 62.8. but then you contrastthat with 210,000 jobs yes, peculiar is the word. look at the intraday of two-year note yields. i would like to point those yields made their low yield right on the 8:30 release of that number. then the next hour it was risk on look at the intraday of tens they made their high yield at 9:30 eastern right when stocks open stocks are calling the shots today, really. if you look at 30-year bonds they are on base for the lowest close since the first several days of 2021

it's not only in the u.s that's the point we need to make more this is all very global. look at a 30-year overseas, 30-year bund yields. they are at their lowest close since january. and the euro is not doing well against the yen or the dollar. looks like it is going to be its lowest close since february. >> currently, stocks and bonds heading lower. oil trading for the day, and for week wti trying to avoid its sixth down day in a row. pippa stevens. >> oil holding onto gains much of the session but not enough to push it into the green for the week both u.s. oil and brent posting a sixth straight week of losses for the first time in three years. wti turning negative in the last hour after trading up 4% earlier in the day

brent is up about one fifth of up with percent. it is worth noting oil isn't down more. traders are saying it is because of opec's decision to keep their meeting ongoing. it means they can react quickly once they figure out a who omicron means for demand and they can ajust accordingly gnat gas is down more than 20% on the week, the worst in nearly eight years. prices a of the the pump are starting to tick slightly lower. the national average for a gallon is $3.37, according to triple a down three cents in week snim. >> i am sure many drivers will take it even if it is three cents. this disappointing jobs report putting a cap on a volatile week for markets. but our next guest says it is wages we need to focus on and the exact on margins robert thank you for joining us here today when you look at the headline numbers, the jobs report looks

very disa pointing but you along with other economists say not so fast, there is good stuff in the details. tell us what you mean. >> yeah. well, thanks for having me i mean it was certainly an interesting report you had the headline figure that missed to the downside relative to expectations. but there is a lot to feel good about on the inside. the rise in labor force participation. we have been waiting for a pickup if labor supply it is a key part of our outlook for the economy for next year, is that labor supply is indeed going to start to pick up. that means there is more room for the labor market to run. we into tau the labor force participation rate break out of the sticky range it was in over the summer we just broke out of the 84% range. we also had expanding hours. we had wages that remained robust in aggregate, if you look at the income that was generated by the

labor market with stronger hours and stronger wages, even though we created fewer jobs last month we actually created more labor market income than we did in october where we had almost twice the pace of grob job growh a lot of interesting mix of data points in there. when you look through the top line number it was quite a solid report. >> labor participation rate i find particularly interesting because for so long we have been asking, where are the workers? there are all of these job openings, and it seems so many industries were having a hard time filling those positions if we saw a tick up, even ever so lightly, why? where did those people come from and is this new omicron variant going to deter even that small growth that we just saw here >> yeah, a really important question so labor force participation has been held back for a be in ofness are some of them are going to prove

to be more properly and long lasting. we have a big wave of retirement, people who might be on the sidelines more consistently but there is something that's cyclical and part of it is likely to prove to be related to covid. we saw in the numbers today there are still more than 1 million people saying they are on the sidelines of the labor market not looking for work due to covid it has come down and we are seeing it a of the lowest levels than during the entire pandemic. but it is still more than million people we see there is a lot of people sidelines from looking for work because they are discouraged because of the pandemic you bring up the potential risks of the new variant it is certainly one of the risks that it could lead to some near-term drag on the labor supply beginning to open back up as we move through the next year and as the economy continues to strengthen, there is a lot of reason to think we could get pickup in labor force participation. one key to that is going to be wages continuing to rise because

we see in the areas where wages are rising that you are starting get more elasticity in terms those jobs starting to come back. >> let me pick up with two quick questions. is it possible that rising wages are going to affect particular industries more than other particular industries? if so, which and is that going to pinch margins and profits? >> yeah, absolutely. it is a really uneven picture across the labor market. there is definitely a broadening trend of wage pressures. when you look at the service sectors, particularly the lower wage paying service sectors, that's where wage growth is far exceeding inflation. which on the one hand is good for those workers because real wages are positive but for companies, and their margins, as you are mentioned one of the things we highlighted in our rene note, those service heavy industries when you are in an environment of sustained wage pressure they

are the most exposed to wage pressure. >> food stfr and hospitality. which was the ab abrasion, november's numbers or october's numbers? >> you know, as we move through the next year i think we are going to see a lot more jobs reports that hooklook like the november numbers we are going for waves up and down, and the pandemic is going to affect that but we should see job growth settling down to a moderate and sustainable trajectory over the next year. >> robert thank you forture time today. thanks for having me. up next, chinese tech stocks deep in the red. the doe clients, being led by didiafter it was announced itl delist from the u.s. and averages are once again near session lows. the dow jones industrial average off by .8% the nasdaq composite down by

almost 2.7%. stick with "power lunch. we'll be right back.

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welcome back to "power lunch. i'm seema mody u.s. listed shares of didi plummeted after the ride haling company it said it would delist from the new york stock exchange chinese stocks under pressure today and this year. the w web china internet etf cut in half in 2021. your trading nation team today is craig johnson of pipe letter sandsler and ava ados. i guess the regulatory risks outweigh the benefits of owning chinese tech >> absolutely we eliminated our china exposure over the last year or more we have seen a series of

unpredictable news announcements that have been detrimental to chinese companies. that is a remind hear the regulatory risks associated with them exceed and outweigh any potential benefits you can have with their growth names. >> craig, what's the trade. >> the trade is, the chart says it all, seema. when you look at it, you can see it purely looks like people are trying to catch a falling knife. they are making five-year new lows on the bkcn if you drill down and look at the baba chart that's 10% of that particular index. there is no indication we have hit a bottom the trading advice is pass on this and wait until there is clear evidence a bottom is being set. >> for more, head to our website. ahead on "power lunch," the market on edge

stocks selling off today, investors teetering on whatever the next word is from the fed. should powell take a paws? we will discuss that next. -- a pause we will discuss that next.

welcome back to "power lunch. the big question for investors following today's disappointing jobs report is, should the fed pause? let's bring in senior analyst and commentator ron insano i guess the question there is should the fed pause in tapering what do you think? is this an alarm bell that deserves that? >> in a sense, tyler, no matter what happens going forward inflation's going to fall next

year irrespective of fed policy that's maybe the message in the markets as of late yields fall as the fed starts to taper. i would argue that like any good physician the fed should do no harm and i think given the vast uncertainties out there raising rates in this environment probably compounds some problems that the market's facing right now. >> do you think the fed's gone from tilting to being very accommodating to now feeling pressured or urgent, some urgency to lean the other way and combat inflation too fast too soon >> i think they're talking that way. the jawboning might work even as the fed cut back on the purchases of bonds, i think there's probably some confusion both around the employment report and probably far stronger

than some anticipated and this omicron variant which could cut either way slow growth or increase supply shortages and push up goods prices we have seen inflation break evens drop sharply in the last few days seen commodities come down and the fed is talking hawkishly i think they ought to back off on the rate hike hints because it is confusing the markets and not in keeping with what we are seeing in certain market behaviors. >> it may not be true that all inflation is going to decline. >> right. >> wage inflation obviously is going up and perhaps would argue is needed after many years of being fairly stagnant. you have to be more specific, do you not? >> yeah.

look, i don't think wage inflation is inflation particularly if next year we see the bottlenecks ease and goods prices come down and some analysis shows almost all the inflation this year is in the goods producing sector as that backs off and wages rise you have an environment where you figure in productivity that's probably going up and not inflationary and respect with that is we are seeing the use of automation now being adopted at record levels. that's disinflationary i think the fed needs a totality or a total picture of what inflation looks like one or two years down the road, not just this year. they may have backed from transitory i don't know why anybody thought that was three months. in my mind a year or so and i think we have to get through the pandemic before we know that

inflation is a problem. >> do you think -- i guess what you are saying is most inflation that the economy experienced this year is pandemic related. it is supply chain and scarity related and going to work itself out and come down. right? >> yep 100%. >> thank you very much ron, our senior veteran contributor. thank you. reddit stocks hitting volatility is the speculation hitting a speed bump we'll be right back. i promise. i know when i'm ready to run. what's strong with me? i can find strength in a rest day. what's strong with me? there are some nights i sleep so well... i'm ready for anything.

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we are an hour away from the closing bell on the week the dow right now down around 300 points nasdaq down 2.5%. >> what a day and week recent volatility has people fleeing risky assets frank holland looking at gamestop, amc and the rest for us. >> let's start with the grand daddy that's gamestop falling 8% today as they get hit hard in the sell-off look at amc falling hard the amc apes, many say they maintain the diamonds hands. holding a stock despite ups and downs.

an analyst said it made the reddit traders taking losses and now many of those traders use the gains from blackberry to set off losses 2349 tech investment other meme stocks with tremendous gains in 2021 kenansan they're buying diamonds. as they see omicron concerns hit the market back over to you. >> wow i don't think you can ever go wrong with diamonds. >> a good thing. a good thing i'm very -- we had a thing earlier this hour, cathie wood's ark investment funds, shows how hard it is to repeat gains over and over through different market cycles. damn near impossible not many do it.

>> tesla down sharply. >> folks, that will do it for another week went by fast thank you. >> thank you. >> there's ark innovation down today. thank you for watching "power lunch." >> "closing bell" starts right now. ♪ welcome to "closing bell." i'm wilfred frost at the new york stock exchange. it's the final session in a wild week on wall street. volatility showing no signs of easing major averages in the red. the nasdaq plum meting. >> i'm sara eisen. let's look at when's driving the action technology leading the declines. docusign wrecked on the back of weak guidance. didi said it will delist from new york stock exchange and other stocks also sharply lower. tesla is the biggest drag on the nasdaq falling as elon musk unloads more share