taylor: jeremy bryan, really appreciate your time and thoughts.mentioned tesla who we will hear from tomorrow. final thoughts are next. stick with us. this is bloomberg. ♪ romaine: if you can believe we are only two days into the week and we have had two wild days. looking at nasdaq futures, down almost 4% after microsoft earnings. caroline: a phenomenal move, you will say we have not seen these drop-offs in the futures market since the pandemic real selloff. taylor: a phenomenal is the marg the fed or trying to figure out what the fed is going to do? we talked about what powell did. is it a lot lower? romaine: yeah, someone talked about where that has been traditionally and it was more than 20% threshold. we are nowhere near that, 9% on the nasdaq right now. caroline: if we get to 16 or 18%, that is when he five. -- 25 . that's what you'd missed -- would you miss -- "what'd you miss?". ♪ >> from the heart of where innovation, money and power collide, in silicon valley and beyond, this is "bloomberg technology," with emily chang. ♪ emily: i am emi