last week, stocks started strong atery day, but faded late in the day. egan to reverse on friday, when stocks closed at their ed today. it conti this week was all about fed chairman's jay powell's testimony o congressue onay and thursday, but the markets are telegraphing they're not concerned he'll be skroefrly aggressive about raising rates. the markets are very different in the lastrewo weeks com to the first two weeks, when stocks dropped about 10% in earlyebruary on concerns about higher interest rates, partly. but since then, the s&p has recovered about 75% of its losses. it's a sign investors still seem to have confidence in the global economic recovery. indeed, the sectors with the strongest ecovery has been technology stocks, led by apple, intel, and cisco, and industrials led by 3m and boeing. bothe sectors that very sensitive to the global economic recovery. for ly busess report," i'm bob pisani at the new york stock exchange. >>> one day ahead of fed chair powell's testimony, federal randall overnor, quarles today reaffirmed his for gradual in

years-old and had 17 months of business experience in his entire life and i was working as a tech for ateri. how did they end up the youngest to hit the fortune 500 the answer is he came home and prof with him a cadre of people from the microchip industry including team carter who i know is here. they had the vp marketing and sales, several of the major investors all brought in through his connections to the semi conductor industry. it was our couple people didn't know that and it goes back to the importance of building on what came before. how foolish would it have been because everyone else tried to do it themselves. >> that is such an important theme throughout the book. passing the baton can you say more about how that has happen happened. that is actually another term from his commencement address at stanford and it's something everyone just kind of glides right over that he talks about how when he was fired in 1995, he got on the phone to david packard and apologized for what he called dropping the baton and he had a sense of this baton but he passed it forward and mark considered him