>> mr. wonderful >> disney, i love the theme parks, love watching on hulu we are holding on to a sizable gain we will see if it holds. scott, happy monday and welcome to "the exchange." i am brian in for kelly. chinese stocks are plummeting as president xi tightens his grip on the nation and its economy. is there a future doing business there. stock is heading higher as investors get ready for huge gains in tech set to report. trades all coming up plus, how bad was the pandemic and schoolclosures for america kids' education?

well, we are starting to find out, and it could lead to a lost generation of families and maybe the economy. we'll get to it. we begin with dom chu and the numbers on what is a better day than your 49ers had yesterday. >> i don't want to go -- you went there i don't want to go there now yes, red a lot of red for sure on that game not just because of the chiefs and niners but everything else the markets are green right now. so far in trading today it's been generally mixed but now we're up a solid 1% up 320 points up 32 points at the highs of the session up around 44 points we were actually down in but the nasdaq up 42 points. the underperformer on the die shy of one half of a percent

brian mentioned chinese tech names taking a beating because of that people's congress that's happening where president xi jinping has been elected to an unprecedented third term it's worries whether the government can continue crackdowns plus concerns about the economy driving the down side, 26% on the trade one of the worst performers if not the worst performer. jd.com, baidu is down 14, casin. las vegas sands down and wynn resorts down 6%. the china ripple effect. because of multiple headlines today meta platforms the company formerly known as facebook, parent company of that and instagram, up 1.5% today this is a stock that's seen a

lot of market and we did get a down grade to a neutral rating they think it's the advertising budget cuts will provide a headwind for the company you have hedge fund manager issuing an open letter saying they have to get their mojo back among proposals cut in the workforce and limiting its investments in some of those bigger metaverse related type adventures it has. keep an eye on the headlines for meta, brian. >> unhappy shareholders. dom, thank you very much let's talk more about china because a lot happened over the weekend if you missed it first, right now, chinese stocks are collapsing president xi jinping securing a third term the hang seng more than 6% shanghai and shenzhen composites are behind that as well. the fall comes as foreign businesses and investors worried

xi will implement harsher restrictions on american companies and maintain that strict covid zero policy an awkward scene played out in china's party congress when hu jintao was basically forcibly escorted out of the event. fueling even more concern about what president xi is trying to accomplish in his third term china shared strong economic data for its third quarter industrial imports saw a nice boost in september as well let's find out what it means partner and chief strategist at clock tower group. truly a remarkable weekend at the central committee meeting. president xi is 69 years old most leaders in chinese history retired by then.

most get two at most there are 24 members of his inner circle no women in that group whatsoever we don't know history is happening until we look back at it we are watching china shift in real time. >> this was the final nail in the coffin, the faction which is growth orient ed and that is the most interesting the market is overstating the tech regulatory carnage which really ended at the end of 2021. the implication for zero covid policy we think will being in

q1 clearly president xi is in power. >> is it becoming more insular >> that's difficult to say we have a global turn away let's be clear about that. we have a global turn where the state is playing a bigger role china is taking cues from the rest of the world. the long-term uncertainty, when you give more power to a single individual in any system it takes away checks and balances and constraints, material constraints are going to be less relevant going forward

it's very important and is increasingly going to be important the rest of this decade as china dips into current deficits and then they will have to think about the regulations. we're starting to see they are modifying their foreign policy and we had an interesting trip to the u.s. in september unannounced, surprising. they brought some positives in terms of that relationship >> it's all we talked about 10 and 15 years ago on financial news how big is the opportunity going to be in china will there be an opportunity

>> it depends on sectors if you are operating in a sector listed as one of the main prerogatives to develop domestic champions then, yes, you are correct. it doesn't necessarily mean the party is over. a lot more uncertainty in the short term i do think there is a trade possible in china especially because the new premier could be a surprise. he was a shanghai party chief and has a history of being pro market and pro-reform. >> two american etfs which are heavily invested in china, they're getting bludgeoned, absolutely crushed right now

the fxi is down 10% just today so, marco, are any of these types of instruments worth buying if you believe china will look a lot better a year, two, three years from today >> yes, as a trade again, if you are willing to put on a trade, not an investment, yes, i do. three reasons for that one, we have seen the policymakers move away from very tough regulations by brings solace very important behind the scenes already happening. two, regulations have been overdone chinese policymakers know this a lot of undergraduates who are looking for jobs can't find them china has the third largest youth unemployment out of major economies behind india and italy. they will have to move to support the platform economy which is what those etfs are overloaded that you quoted and the third issue, as i mentioned,

there are signs china is stepping back. they are asking the u.s. it will be interesting after the almost certain loss >> looking at a chart, it's wiped out 16 years of gains, back to the same price as 2006 before the global financial crisis, truly incredible stuff marco papic, thank you very much appreciate it. so let's bring it back here at home. a new survey looking at business conditions here in america steve leashman joins us. we'll talk about that and corporate credit janet yellen what are we seeing in some of these surveys, steve >> reporter: there's an

important worry in the survey, brian, that growing pessimism in the third quarter profit margins and sales of u.s. companies. the index at minus 17. more companies are seeing declining margins for the second quarter in a row wages are still expected to rise all three are off their peaks. they remain positive the outlook for capital spending held up and even rose in the last quarter some pent-up capex as well as efforts by companies to address the labor shortage with technology so this data is in line with quarterly earnings reports

we hear it shows fewer companies. at the same time profit margins have been about two percentage points or more above a long-run average. the question is what happens to valuations if profit margins return to average levels they have fully discounted that drop in margins. i'm not going to ask you in the vagaries of the bonn market. are there still concerns about liquidity in the u.s. bond market >> think of, you know, your lowest risk assets, most liquid markets suffer the least liquidity. come on down the credit spectrum, go on out the term spectrum those are ones where there are

problems you say triple-b, you do hear stories. big money managers using etfs to make their trades rather than the physical bonds they say there's a lot of liquidity in those markets look, these are challenging times not even so much because of the change but the volatility >> i haven't done wordle today i think i will start with pivot. that's going to be my wordle starting word today. don't give me any hints if you've done it are we seeing the fed pivot? >> reporter: i don't think so. some of the sell-off that we had in the bond market from the october 13th cpi report but look, brian, we are still very high 491 is the peak rate for may if you want to go break out the

party -- the party pivot hats because we're down 12 basis points on the peak rate, you go ahead. any reason to party you can find, brian sullivan, is good enough >> why not >> reporter: i don't know if i'm ready to have that celebration that the fed pivot ed >> when you have your pivot party send us an rsvp nice and early so we'll know when it is planned with punch steve leashman >> you'll be among the people. >> i can't wait. steve, thank you very much we have a lot more to do on "the exchange." five mega caps, big oil, big pharma 3m out with numbers before the bell the port of los angeles is here to explain what's really going on and how the ripple impacts are still being felt

we head to break, let's get a quick check on the markets looking like a good day, a mini rally the last couple of days continues to roll on with the dow up 1%. - [narrator] if your business kept on employees through the pandemic, getrefunds.com can qualify you for a payroll tax refund of up to $26,000 per employee, even if you got ppp. and all it takes is eight minutes to find out. then we'll work with you to fill out your forms and submit the application. that easy. getrefunds.com has helped businesses like yours claim over $1 billion in payroll tax refunds. but it's only available for a limited time. go to getrefunds.com powered by innovation refunds.

welcome back let's talk shipping and some good news. the port of los angeles saying all those supply chain issues and ships stuck offshore are getting better, a lot better according to the latest data the number of ships waiting at sea have fallen dramatically from 108 in january to just eight now. that doesn't tell the entire story. there are still some rail issues going on and some growing backlogs of other ports around america. let's tie it and bring in the executive director of the port of los angeles where did the ships go, gene >> we were able to increase the velocity of all of this cargo moving we're not a warehouse. we're a transit facility the ability for the importers especially retailers to pick up their cargo, get it into the economy was key. we drove the ship count down the first seven months of the year >> yeah, you don't want it to sit there. there are fees you are still above where you were previous to covid in terms

of time, lag time, correct six days or something on the containers you want four days, right? >> two segments, cargo moving out by truck is at precovid numbers. we're down to about three days waiting for the containers to get off the port >> rail is the issue >> rail is still at about seven days or three times more than it should be. but the backlog has been cut down by half the last two months >> what's the story with rail? as our viewers and listeners probably know, and if they don't i'll tell them, there is a threat, a real threat, of a nationwide rail strike on november 19th, that would shut down the entire american economy. where are we >> two-thirds goes out by rail from california this is imperative we get this rail agreement done i know both sides are talking at the table still to this moment what we have really is what the ports looked like a year ago the inland rail facilities are filled to the brink with cargo

importers have to pick it up quicker than they've been doing. that gets you the next train back to l.a. they've been doing a good job the last eight weeks but there's more work to do. >> primarily your business has to be china coming into the ports, and we just did a segment on china and president xi and who nknows where it will go but do you have macro concerns about the chinese economy? they're the super store to the world. if they slow down or become more insular, do you worry about your volumes and the impact on the american economy >> sure, brian 60% of our cargo originates and is destined to china >> 60? that's a big number, gene. >> while there's talk to other companies, it would take ten vietnams to make up the manufacturing capacity of the pearl river delta area in guangdong. >> repeat that, ten vietnams -- >> ten vietnam factory capacity

to make up what is done in the pearl river delta area in guangdong. >> not even all the chinese ports. that's one major port area, it would take ten current vietnams? >> correct >> this whole dream of we'll outsource to vietnam, that's nice but in no way is that going to give us any meaningful volume >> more and more companies have looked inwardly at their supply chains and there is movement to fine-tune, deploy and have more diversification. >> i like your industry and giant ships. they're really cool. i was driving by the port of new york and new jersey the other day and there's a lot of ships there. savannah, charleston looking at the data their backlogs are increasing. you are getting better, they are getting more backlogs. was that a shift as a result of fears about a dock worker strike

on your side or is this a permanent structural shift in the way that freight comes into the united states? >> anticipating what could happen in these dock workers negotiations both sides put out media releases saying they would not like out nor strike on the west coast ports. >> that contract officially ended june 30th so they've been working and, by the way, kudos to them. we need them they've been working without a contract since june 30th are things progressing is there any way to anticipate the deal you do wonder if frustrations might boil up. we need all of you there >> you are exactly right and if you ask any of these stakeholders the negotiations are not moving fast enough and it's frustrating collective bargaining is hard. this is very difficult work. not only are you looking at big

picture items now and into the future, you have 29 ports across the west coast with their own local issues that have to be solved in conjunction with the bigger expanse of this contract negotiation. >> are you optimistic, gene? >> i am. i don't think there will be disruption at all but we have to get a contract done and give confidence to the market, bring this cargo back. >> good. that's good to hear. we like to have optimism on a monday in particular we need you there. the port of long beach as well gene, thank you for coming and good to see you in person. did you take a train here? i'm kidding. gene, thank you. on a more serious note, the kids are not all right what new test scores are telling us we will dive into the problem and maybe what we can do to fix it ♪ ♪

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i would have hired actually talented people from all over the world. instead of talentless people from all over my house. welcome back to "the exchange." happy monday the weather is terrible outside. it's raining here in new jersey. i will brighten up your day because we are on pace for the best month for the dow since november of 2020 the best month in nearly two years. how about that we're up again today i probably just jinxed it. we still have a ways to go in october. either way we're up today. the dow is up 1% the nasdaq not as much losing steam here. the dow was up 488 we'll keep an eye on it. some of the key movers tesla following another 52-week low. saying they are cutting prices for the model 3 and y by up to

9% and here's some good news around europe's energy crisis natural gas prices are now at their lowest level since june. the dutch nat gas, we were at 400 a couple months ago. we're down 72% from the peak there you go the uk, by the way, having its biggest down month on record we talk about things going down as usually bad we want these to go down we are still up more than double from a year ago. the weather has been perfect in paris. tyler joins us now with an update >> i wish i were there paris is almost always perfect police say a gunman broke into a st. louis high school and killed a woman and a teenage girl before police killed him in a firefight. six other people have been

hospitalized with injuries senator lindsey graham has won a temporary reprieve from having to testify about efforts to overturn the 2020 presidential election. the u.s. supreme court justice clarence thomas has blocked the lower court requiring graham to answer a jury. a thursday deadline to tell the high court why graham should have to testify. prosecutors and defense lawyers for will tutao will decide whether thao is guilty a former colleague jay alexander kang accepted a plea that calls for 3 1/2 years in prison in exchange for prosecutors dropping a murder charge on the news with shep smith tonight, sinking testing scores for kids in a key national

report a look at the causes and one bright spot for students back to you. >> tyler, scary stuff. thank you. up next, scotch tape, wind turbines and logistics what three big company earnings may tell you about the economy

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welcome back we are kicking off the second busiest week of earnings season. 30% reporting this week. 40% of dow components on deck. so far results have been pretty much better than expected so far. so will 3m, ge and u.p.s. follow that trend they will report their numbers tomorrow morning it is time for "earnings exchange." we know you've been waiting. first up is 3m that stock on pace for its worst year since 1974. so what are the earnings expectations seema mody has the story for us and the managing director at oppenheim has the trades seema, let us kick it off with

you in what looks to be washington, d.c. nice town. >> yeah, brian, this has been such a fascinating stock to watch. trading at a 30% to 40% discount to its peers in the industrial space. because it's such a highly diversified name, the focus will be on its financial outlook. jpmorgan writing there's a chance the company lowers its guidance again because of its exposure to europe it shut down its business in russia earlier this year plus liabilities, litigation surrounding its alleged defective ear plug lawsuits that continues to weigh on the stock. and while we tend to look at this name, brian, as a company that manufacturers chemicals and plastics, this company is seen as a good read on the consumer it makes everything from band-aids, post-it notes to sticky notes what they say about back-to-school spending at a time there's a lot of concern around the consumer, that will also be key. >> and i've used sticky notes as

a band-aid and i don't recommend it seema mody, thank you very much. the stock is having its worst year since 1974. i don't know what else to say about that any sign of return in this name? >> that's a pretty telling stat. >> it's terrible >> there are some signs of a return getting up from its 2021 low to consider this drop year to date and, listen, we're generally bullish on the market. we're bullish on industrials and capital goods in particular. i think the strength is more in the machinery and aerospace and defense side, less so industrial conglomerates like a 3m. so i think there's a lot more work that's needed here. get above its 50-day average at $122 i think more is needed there's much more convincing trends elsewhere in what is a strong capital goods industry

group. >> much more convincing trends elsewhere. well said. up next, ge, not to pile on, but having its worst year since 2018 not as bad as 1974 seema, i'm going to tell you this, and we had a great conversation, i thought i was honest with him, there's been so much restructuring at ge the last few years, it's hard to know what the company is right now. what is ge and what are we looking for? >> aerospace, brian, that's the big revenue driver, about 40% of sales and about 50% of earnings more or less so that will be the key focus when ge reports earnings tomorrow yes, the rebound in travel is at accelerating demand for its leap engine as you mentioned, renewables this is one business hard to restructure, one of the big challenges for larry kupp i will be speaking to tomorrow. i did report that ge is laying off 20% of its u.s. onshore wind

division the question now, does that extend to europe and asia? finally i would also say china this is something i plan to ask about. health care has been a bright spot for ge's business in china especially as the country's population ages. that has accelerated demand. how does that change at a time where following comments from the leader xi jinping suggest relations between our two countries will remain challenged how do you win >> that explains why you are in d.c., a lot of the pr people is in d.c seema is trying not to give too much away. i thought wind was supposed to be booming the inflation reduction act, a couple hundred billion in tax credits. what's going on there? >> there is so much invest many in renewable energy and specifically wind, onshore and offshore wind. it's been hard to make it work on the pricing front, and i think until they're able to get

the subsidies, it will be really hard to continue to sell wind energy products. >> an unbelievable story unless we get all the subsidies it doesn't work. seema mody, thank you. arive wald >> the multiyear trend of underperformance that's most concerning and why it's tough to get behind it. it's been making even in terms of price action. lower highs since 2016 a lot to be desired here the call, i suppose, it's too late to sell and some incremental improvements we took it off our large cap sell list this week. it had been on there since july of 2021. so like the market showing some signs of possibly trying to at least form a near-term base against some longer term structural concerns. if you are positive ly incline

from a trading basis use that as your stop. there could be near-term upside. unsure about the long term >> too late to sell. not a ringing endorsement, ari wald u.p.s. actually had its best week since august last week. competitor fedex giving us not a great picture of the economy what are we watching from u.p.s. frank holland joining us with the u.p.s. story >> reporter: revenue and eps forecast to increase despite fedex's big and ominous warning about a potential global slowdown and recession for u.p.s. that's really key it is more reliant on u.s. volumes than fedex margin of 10%. margin will really be key. we haven't heard u.p.s. and others talk about a slowdown like fedex but the margin numbers will reveal if there was and how the company responded and if they were able to respond in time.

four-year guidance key if there was a slowdown you would have expected to hit the holiday quarter. here is what we know revise estimates 2% lower last week after originally forecasting that volumes would be flat. that may seem minor. over certain levels it has been a big part of the revenue. it could hit overall revenue last but not least analysts say they are eager about volume, slowdown, recession, et cetera carol tome launched better not bigger with the focus on sweating assets and more on maximizing existing capacity they are planning to ramp out bigger and bolder. >> thank you very much ari wald, any trade on u.p.s. or too late to sell >> listen, brian, this strength in industrials on the machine ry

side is not in transports, why it has been weaponed down by this industry that has been in a trading range for a number of years and not doing much versus the market if we are worried about our market call, it's important to stress we do think the market is in the process of trending higher after suffering this bear market through the october low point. right on the market call and the top down tail wind, i think u.p.s. can uphold an important support level at $155, the lows dating back to the fourth quarter of 2020. we would still, again, in this range bound outlook sell it into resistance it starts at 180 up to 184 >> ari wald, g. ee., 3m, u.p.s.

carol tome at "squawk on the street" tomorrow morning following results. that interview in the 10:00 a.m. hour it will be a big one see if they mirror what fedex had to say all right, coming up, a cnbc investigation finds the former ceo of google made investments in artificial intelligence all while cheering a federal commission on artificial intelligence raising concerns among ethics and experts about a conflict of interest and a lack of government oversight. eamon javers up with this really interesting story next ( ♪♪ ) (snorting) (clattering) (frustrated grunt) i need some sleep. (groaning) (growling) (silence) (sigh, chuckle) if you struggle with cpap, you should check out inspire. inspire. sleep apnea innovation.

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welcome back in recent months increasing scrutiny on the potential for conflicts of interest when power and influence are wielded in washington september "the new york times" revealed 97 current senators or represent it if i watives on cos they served that month

"the wall street journal" revealed officials across the executive branch who owned or traded could be impacted by agencies where they worked think about that now a new investigation finds the former ceo of google made investments in ai companies while chairing the ai commission eamon javers, i'm shocked that d.c. insiders -- >> please welcome eric schmidt >> former google ceo political adviser to presidents, billionaire and now a shaper of government policy. >> in 2019 congress tasked schmidt with chairing the committee on artificial intelligence that commission produce this had 700-page report advising the government on how to spend $40 billion taxpayer dollars on ai

>> the nation needs to be ai ready by 2025. >> reporter: at the same time schmidt was influencing the industry's future he was making personal investments in ai companies that stood to generate profits for himself. there's no indication he did anything unlawful or against the rules yet records show five direct investments in ai companies during his tenure and more than 50 in others he invests in or controls the total dollar amount is not publicly available >> it's absolute ly a conflict f interest >> reporter: but his side will say he's a patriotic american. he brings all this expertise to the table. why shouldn't he serve in this capacity >> he may be the greatest person in the world and maybe is the right one to be in this commission he shouldn't be while investing

the very subject of the focus. >> reporter: schmidt filed a private form but that financial disclosure form is not a public record the media and the public don't get to see it. a spokesperson said he revealed his ai investments on that document the spokesperson said eric has disclosed everything >> there's nothing preventing him from doing it and he could have made the decision not to invest in ai while chairing this commission >> reporter: but schmidt's situation isn't unusual. ethics experts like the capitol hill lobbyist for public citizen say a lack of government oversight allows this to happen. >> the ethics enforcement process in the executive branch is broken. it does not work >> reporter: the staffers who are supposed to review these forms have a poor track record

of enforcing the rules so if you say the ethics process in washington is broken, who broke it >> it was designed broken. >> reporter: schmidt has spent years learning how washington works. >> it's shocking now having spent a fair amount of time inside the system how the system actually works and it's obvious if the system is organized around writing the laws, the incumbencies will be >> it is one of the greatest in america. >> perhaps but we don't write the law. >> reporter: he says he's proud the commission he chaired wrote actual legislation >> not only should we write down what we thought, which we did, we would have 100 pages of legislation they could just pass >> reporter: we found full paragraphs are almost identical to the 2021 national defense

authorization act. that same bill also budgeted $75 million for, quote, implementing the national security commission on artificial intelligence recommendations. so what's the total effect of all of this? >> the impact we allow the wealthy special interests and the business interests to dominate our policy arena. and the public interest tends to get drowned out in this type of broken ethics process. >> reporter: and, brian, to give you a feel for the scale of all of this, the federal government counts 57 active federal advisory commissions with members offering input on everything from nuclear reactor safeguards to the clean air act and global commodities markets >> has anybody realistically, fundamentally and with great effort tried to change some of these rules in d.c.? because i don't care if you're an elephant or a donkey or a snake, whatever political party you might be, this should tick off everyone equally >> reporter: there have been

efforts over the years they haven't always been successful in the obama administration they tried to prevent registered lobbyists from serving on some of these commissions the lobbyists sued them and fought back saying it was unfair to lobbyists, and they were able to roll back some of the new regulations. every time there's a push, there's a pushback >> eamon javers, pretty incredible investigation there some real journalism and it is much appreciated thank you. all right, up next, the kids are not all right. the latest national scores showing how 30 years of progress in reading and math may have been wiped out during the pandemic isexixomof maybe f se th nt. healthcare should evolve with you and part of that evolution means choosing the right medicare plan for you. humana can help. with original medicare you are covered for hospital stays and doctor office visits but you'll have to pay a deductible for each.

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communities, in some cases the reading and math scores showed no visible change in results since the first survey in 1992 in other words, 30 years of gains may have been wiped out in many communities those can often least afford it. joining us is the founder and ceo of education platform khan academy and to be fair with the results i was looking at previous results we had seen a decline in reading and namath i 2019 precovid, but reading a paper september 16th from the national association of psychiatrists, the impact of school closures and covid on kids was well known then this should be not surprising to anybody. >> no. unfortunately, i mean this is -- it's a horrible data point no one is surprised by. i think what is surprising is, how big the disparity can be even before the pandemic as you pointed out, the numbers were

pretty bad, about pick on eighth graders, one third were proficient in math, that number has gone aboto about one fourthr p proficient in math it's worse where you have low-income students, under resourced communities. detroit went from 6% of kids proficient to 3% proficient. this is a huge, huge problem and, you know, there's been a lot of finger pointing and hand wringing around because some places close sooner or later or other factors but the reality is not correlating with that. this is something we've been pushing as a not for profit which is, in a traditional environment, it's just very not forgiving. if students don't get a concept, in math, it's not a coincidence that the math scores fall, they start falling behind the opposite story if students are able to get even 30 to 60

minutes of practice on platforms like khan academy, we're not for profit, we offer it for free, we have tutoring on schoolhouse.world, but if students get that intervention 30, 60 minutes a week, they were growing 40% faster than prepandemic norms. >> here's the thing, you're right this is going to become politicized and people will try to find every data point the closures did it, no, they had to keep the teachers safe, everybody is right -- everybody has their own point of view and no one is going to change their minds at this point, let's be clear, but the reality is, i have a friend that's a principal of a middle school in a working class area of new jersey he told me and i said it on the air that during the lockdowns, 20 to 30% of his kids would zoom in on any given day, one third of the kids would actually participate online in any form i said where are the other 70%

he says we don't know. we're not allowed to go looking for them >> no. you know, to some degree that story puts a stark picture of what's happening when you're in a physical classroom you don't know which kids are zoomed in or out. numbers were pretty bad even before that. the solution in my head, because, you know, there's a lot of finger pointing and it's hard to correlate, the only core laigs with wealth and education of the parents the parents that have the internet connections and education even when the kids were falling behind they're able to get extra support and help the students and put their kids on khan academy. we need to figure out how to get that more into classrooms and families aware there are resource out there that are free not for profit teachers need to realize this. >> yeah. well said because what's going to happen the, quote, adults will argue about the politics while hundreds of thousands or a million kids will be steamrolled

by the system, fall behind how capable is it, how possible is it, to bring a kid back up once they lose this kind of stuff? we have to go. we'll get you back on. it's a hugely important topic. sal chakhan academy >> important topic we'll get sal back on. that does it for "the exchange." "power lunch" begins right now brian, thank you very much fascinating topic and fascinating guy. welcome to "power lunch. along with contessa, i'm tyler mathisen here's what's ahead. big tech versus a recession, apple, microsoft, amazon, google reporting earnings and facing their biggest challenge yet and an economic slowdown on the horizon. we will look at which ones are best positioned for right now and what's ahead plus, gm and ford down 40% this year and both will try to win over skeptical investors