emily: bloomberg's alex wayne, thanks so much. is there more pain to come for the tech sector?as just published his top 10 internet surprises for this year. think this news from apple will bring down the rest of the tech market? >> for those companies who have exposure with high price points in china, i don't know why this wouldn't be a pretty reasonable read. i don't know how much of this is apple specific. is the chinese economy slowing down? i think that's broadly understood. i look at the other faang names . their exposure to china, for bad reasons, is pretty limited. in the long-term, i think they wish they had a lot more exposure to china. emily: all of these companies are blocked in china. >> there are a few companies that have a presence, but nobody has more than mid-single-digit revenue contribution coming from china. we have a high-priced, large exposure company like apple. they will see it before anybody else does, and they may be one of the few to see it. emily: to get a little more detailed, if you look at apple, it is pretty cheap, trading at 11 times earnings. go