she said the fact that these dominant platforms, google, amazon, are now effectively serving as infrastructure for other businesses. and that creates a relationship of dependence. but in addition to serving in as infrastructure for other businesses, amazon and google are integrated and all these other lines and that puts them in direct competition with the companies relying on their infrastructure. she was previously at the open markets institute where a mentor of hers, barry lynn still works there too. she researched how anti trust laws were failing to check the power of a big tech group of sinkers back in the late seventies early eighties. they just changed the rules and they made it easier, far easier for people to make monopoly, to concentrate power. so it's kind of a one to punch, change the rules, and then you have a new technology that rises up in this new radical lead. different world corporation, like amazon 30 years ago would have been outlawed mostella last. you can publish amazons and antitrust paradox. in this article, she argued that just because the new technology amazon provide

back in 2018, she said, the fact that these dominant platforms, google, amazon, are now effectively serving as infrastructure for other businesses. and that creates a relationship of dependence. but in addition to serving as infrastructure for other businesses, amazon and google are integrated and all these other lines and that puts them in direct competition with the companies relying on their infrastructure. she was previously at the open markets institute where a mentor of hers, barry lynn still works there too. she researched how anti trust laws were failing to check the power of big tech. the group of thinkers back in the late seventies early eighties. they just changed the rules and they made it easier, far easier for people to make monopoly, to concentrate power. so it's kind of a one to punch, change the rules, and then you have a new technology that rises up in this new radical li, different world corporation. like amazon, 30 years ago would have been outlawed last in the last you can publish amazon anti trust. in this article, she argued that just because the new technology amazon

whereas facebook, google, amazon are more direct response marketers and those show up in the market first snap is really interesting because it's kind of in between the two. it has more brand advertisers than facebook and google and amazon, but more direct response than television. i'd caution that the last time snap underperformed then meta underperformed immediately after them, snap came right back with a big beat the fundamentals are the same. they're focused more on being a utility than a media company on the venture side, i would look at things we're focused ond buying growth and advertising versus building fundamental businesses ynl we've seen one of the biggest spenders in the entire market is crypto and i think you'll see a pullback in that spending >> joe, what happens to the so-called unicorns the big companies that are private now that were expected to go public in this market environment and what happened to those valuations >> i think you're going to see a lot. wait ones who are smart and will capitalized that were marking to public valuations will say now is not the time to

apple will hike the starting pay for retail employees from $20-$22 an hour, this comes after google, amazon and. have adjusted their pay scale in recent weeks. an effort to attract and retain workers. there's a lot of competition out there. apple is also facing union drives at the retail stores with employees pushing for higher wages. >>> twitter will pay $150 million to settle allegations that they used private information such as phone numbers, and email addresses to send targeted ads after telling users that the data was being collected for security reasons. the federal trade commission allows twitter to put new state guards in place. the ftc is part of a much bigger five million dollar agreement in 2019. marcus and laura, you click these things all the time saying do not track me, and yet i am always skeptical. >> i am with you. >> thanks, bertha. >>> with parents already nervous here in the bay area, a school district is revealing about the recent threats of gun violence. we will tell you who police say is now in custody. >>> how often do you get a new phone? why swapping out your devi

with the only group of americans who have an even lower approval rating than me, so meanwhile, google amazoned zero real revenue for the first time in 20 years, while in japan they are considering the option of emergency commissioning of nuclear power plants stopped 11 years ago to cope with a shortage of electricity. bloomberg reports that the countries of south asia have decided to run stations running on dirty fuel oil gas from anti-russian sanctions too, expensive, meanwhile finantion. the times reports that china is concerned about the freezing of foreign assets of russia and fears the imposition of similar measures against beijing regulators. we held an emergency meeting with banks to discuss ways to protect against possible us stocks, as the publication notes , certain steps will be taken in this direction, but the chinese banking system is hardly ready to be disconnected from the swift system natalya goncharova to lead. today, throughout the country, they celebrate the holiday of spring and labor, together with the residents, the deputy of united russia, members of the young guard an

the only group of americans with an even lower approval rating than me, meanwhile, is google amazon netflix. apple announced zero real revenue for the first time in 20 years, and in japan they are considering the option of emergency commissioning of nuclear power plants stopped 11 years ago to cope with a shortage of electricity. bloomberg reports that the countries of south asia have decided to start stations running on dirty fuel oil gas from anti-russian sanctions too dear, meanwhile finational. the times reports that china is concerned about the freezing of russia's foreign assets and fears the introduction of similar measures against beijing regulators. they held an emergency meeting with banks, where they discussed ways to protect themselves from possible us sanctions, as the newspaper notes. certain steps will be taken in this direction, but the chinese banking system is hardly ready to be disconnected from the swift system now. natalia goncharova there were no clashes with the police. tens of thousands of people came out on the street to oppose cuts in social spending, such a policy

the other question is the large tech players, the googles, amazons, microsofts of the world is, with the regulatory environment how much will they be able to move nimbly maybe in the middle of the market youcan see companies have more flexibility. there's a lot of quote/unquote fallen angels right now that you can see larger companies take advantage of. >> we'll be looking to you, bob, for the next move in some of these chapters always good to start the hour with you, thanks so much, bob peck. >> thanks for having me. >>> adding block to the list of fresh picks arguing it's the long term winner ahead, joining us now baird analyst david coning, who's out with an interesting note on recession resistance stocks. let's cover block first. you say it's the fintech trifecta, grows fast, is profitable, has net cash is this the only player with those kinds of metrics and why is this the one to bet on? >> yeah, it's a big cap stock. it's down significantly. a lot of the companies grow fast, net cash but this is profitable yesterday they focused on how the margins are strong and they're going t

if you are an investor, you want to get a chance to buy apple, amazon, google, when they are 20 to 40e case of amazon. there's a lot of head winds facing thoo these companies. particularly amazon, the most macro exposed in all these companies because it has 1.6 million employees because it has supply chains that go back to china because they are fully exposed to rising inflationary costs when it comes to steel or trucking or fuel costs, etc., so the reason that i find amazon so interesting here it's -- i always think about the next call. like what's the next thing that's going to happen? inflation has been a killer for companies like amazon. if you think that at some point inflation is going to get less worse, then the stock with the most upside in that group is probably amazon. it's traded down the most, but it has the most to gain from any alleviation in the inflationary pressures. >> charles: maybe bezos can call congress and say listen, i have a deal for you. let us spin off the retail sector and keep the cloud business. [laughter] that would be something. mark, you are absolutely

but if it does start to break down, i mean, just look at hot google and amazon are doing currently. >on't like it. it's one thing when peloton and roku, when they correct from their highs, we say at some point, gravity when you saying amazon and google trading that way these are some of the biggest stocks in the market, biggest businesses in the world and biggest employ -- employer's in the country. >> i mean, that is where things can really get bad if you look back at the.com bust, it was the internet companies and people could have said oh, well that was obvious once it started hitting the manger tech companies, i mean, that's a point we're at right now. and so eem and wr sunerned what happens if that's our larger cap tech names at the same time, based on what the other market leaders -- previous market leaders, netflix, are doing, it's not looking great. >> i can pick up in your voice what you're trying to say delicately with your words watch about the 150 level for apple. for 800 for tesla and for microsoft, what price level are you watching >> 270 >> that's a one-word answer. and

the microsoft, apple, google, amazon, maybe even facebook that's been cut in half, tesla will be down 70 some percent from its lows. those stocks make up 50% of the weight of the qqq. then you get dozens of stocks that are down 50, 60, 70% that can double or go up 200% for me. ultimately you'll see the nasdaq 100 down 40% peak-to-trough. the s&p was don 20% of its lows. the s&p, we've been talking about it, the last thing that analysts and strategists have nautiot capitulated, put 208 on that, put the 10-year average on the s&p 500 at 17 and you get 3500, which is very near the pre-pandemic high. you get 18 on it, let's say above that you get to guy's 3750. >> i want to be clear here, dan doesn't think that we bottomed and i know that he said that in different ways just now, but the bottom is not here we don't know when the bottom is going to be, karen, so a lot of people at home have the same question when do i start legging into a position in the markets, whether it be an index or individual stock. do you think we're closer to that point now >> well, we have to be just mathematicall

facebook, google, and amazon were also down today. here is a look at the closing numbers. mcdonalds and united health care stocks helped bring the dow up while plunging tech stocks hit the nasdaq and s&p. >>> a bill moving through the state legislature would allow parents to sue social media companies. under the bill, parents could sue if their kids are harmed after becoming addicted to specific social media sites. parents could ask for up violat. >>> coming up, a reunion between a mom and baby sloth isn't in slow motion. we'll show you the moment they're brought together, after the break. out-of-state corporations wrote an online sports betting plan they call "solutions for the homeless". really? the corporations take 90 percent of the profits. and using loopholes they wrote, they'd take even more. the corporations' own promotional costs, like free bets, taken from the homeless funds. and they'd get a refund on their $100 million license fee, taken from homeless funds, too. these guys didn't write a plan for the homeless. they wrote it for themselves. >>> well, it wasn't

i'm talking about apple, microsoft, google, amazon, meta, between those five, more than two and a half trillion of market cap has been wiped out from just those five companies and this makes me wonder, how overdone was that sell-off? it's almost like wie have a sell-off bubble. >> of the five, i still own the apple, the microsoft, thinking those companies will make it through. they aren't extended in price like some of the other very high growth tech. the other names on your list have stumbled a bit, so far microsoft and apple are making its way through. we think they are good holdings. liz: okay, some might argue though that there are other areas where we've seen much more that needs to shake out. a lot of the spacs that had gone public. you know, do you look at any of those names and say let's avoid them or let's jump in? >> i would generally as a class not want to own those names. they don't have the quality, they don't have the continuity or the aging that you want in a market that's got more treacherous. you want some dependability, management that you know well, have delivered th

those were like amazon, google datadog down 16% this week, now 54% off of its high.. forward pe 2800 snowflake down double digits this week, almost 900 times forward earnings also 75% off of its high cyber stocks the one area working after a strong report from palo alto networks. after earnings, the ceo said demand is up because of the ukraine war and the company raised guidance well above what the state was expecting. tenable and sentinel moving positively after that report. >> frank holland, thank you. for more on today's sell-off let's bring in blue owl co-founder and ceo blue owl is an asset management firm which had its investor day today, doug. thank you for joining us >> well, it's nice to be down. i was hoping for a big update with our investor day but i see that our stock is actually up three cents on the day so i will take that as a victory. >> all right, doug so tell us how the volatility and the changing rate environment is impacting your business. >> well, listen, i was listening to the show before i came on and we are not in the equity markets. we are a

on google too, i think that's the case for a while we can start seeing that for amazon too these are assets with an enormous amount of cash. they're bulletproof business models nothing in this group is bulletproof in a recession but barring that scenario, they're bulletproof business models. >> as the market continues a recovery, the s&p is up 3% we have three positive sectors staples have gone green. the dow briefly went positive just a moment ago. it is only down 61 points right now so back lower. nasdaq 100 also recovering, still down a percent as it's been the big loser, as mark has been saying. a lot of negativity around tech. let's zero in on energy because it is a big winner today and for the year oil prices hovering around $110 per barrel pippa stevens joins us energy has been a big outperformer this week can this divergence between the sector and the rest of the market continue? >> whether it's today, this week, this year or the last year energy stocks have really outperformed and wall street seems to continue to like this trade. jpmorgan has called the sector its highest co

google has a 95% share, online search. being microsoft spend, couldn't do it. amazon made a run at google, couldn't build search. s told people to climb it but you can't move it. that is the business you want. the other one is amazon, they have almost 50% share of e-commerce, long tanked margins have 10% margin share. those are two proven battleships for the 20 first century. jack: i want to ask about amazon. a big question, as wonderful as these companies are, the valuations are pretty steep by historical standards. bond rates have come down for 40 years. rates are rising for the next 40 years, could valuations go back to the levels they were in the 80s so even if you buy great companies the valuations should shrink? al: it is a great point. interest rates are a head went at least in the short term but i would turn it around and ask you a question. wire interest rates and inflation rising now? we had easy money since 2,008-9, we had it for 10 or 15 years. the answer is clear, we had to maddest demand stimulus, you also had the fed and a supply slow down because of all of the supply constraints. more demand and l

over 80 of schumer's former staffers have leveraged their jobs with schumer to get jobs at google, apple, amazonording to "the new york post." so now chuck has a whole host of people close to him working and lobbying for the big tech people while he can just sweep any bills limiting their power under the rug. axios is reporting schumer is going to put the legislation up for a vote this summer. i wouldn't be surprised if that plan gets squashed. i'll believe it when i see it. catch up. corruption and china. we examine the dirty deals of the kerry heinz family next. ubrelvy helps u fight migraine attacks. u put it all on the line. u do it all. so u bring ubrelvy. it can quickly stop migraine in its tracks within 2 hours... without worrying if it's too late or where you are. unlike older medicines, ubrelvy is a pill that directly blocks a protein believed to be a cause of migraine. do not take with strong cyp3a4 inhibitors. most common side effects were nausea and tiredness. migraine pain relief starts with u. learn how abbvie can help you save. ask about ubrelvy, the anytime, anywhere migraine med

you're selling the googles and amazons.the reason you sell these is there are buyers for them. there aren't any buyers for snap why facebook at the high end of the ad chain people are forgetting that facebook's ads are accountable you're in the direct response business, and you can tell whether the ad works that will be the last thing you're going to cut, because you're more or less going to have to advertise. you take your combined earnings of where you are at this point in time, apply some of your experiences, and you more or less have to be positive you can't break your neck falling out of the basement. you look at the energy here in the new york stock exchange. we've cut out a lot of the excesses in the systems. the spacs are dead there won't be ipos any time soon, so the supply of new stock is drastically curtailed you have these enormous values in the market created on a cash flow basis, and at the end of the day cash flow matters. >> you've written a lot about kniffin toishs, and we're seeing them get bloated >> well

amazon, down 30%. google down 30%. apple on the relative basis is doing quite all right.nd there are a lot of reasons for that. they have done very well. they have grown to the last five years, earnings, more than 20%, and they have been very well in the recent context through the pandemic, through inflationary pressure. they have had strong demand, and then when investors look at apple today, in this massive selloff, that is more of a quality name like a safe haven for them, because they tend to consider apple has a pretty nice outlook, that revenue growth will continue, new products, new opportunities in ar, and automobiles, so the longer term outlook for apple still looks fairly attractive to investors. that is a reason why the stock did not do that bad. emily: so you are still confident in the fundamentals. what about the broader tech sector? saudi aramco is above all of them. the top six companies by market cap, apple, microsoft, amazon, all behind and oil company? pierre: yes. that is a good question. that is what i have been working on, are there opportunities or n

it was obvious even in the spring of 2020 that the huge conglomerates were going to benefit, amazon, google did, and businesses like yours were going to be hurt. would it shock you in ten years if all the restaurants in times square are owned by google? >> yeah, well, we struck early on in times square because times square is not available to small guys like us. it is usually available to the big public companies. we took a chance, with my partners, robert and david, we moved in quickly in may 2020, and we knew -- new york is resilient, it's going to come back, so we signed a 25,000 feet location back then, and we are the only mom-and-pop shop in times square, so absolutely what you said is 100% correct. >> tucker: yeah, i don't want to eat the google burger. we are rooting for you. stratis morfogen, thank you so much fear >> thank you so much for having me. >> tucker: so the main reason that your gas prices are so high is because not enough gasoline is being refined because not a enough oil is being -- the biden ministry and has decided to kill domestic oil production. prices this summer,

the move comes after google and amazon and microsoft adjusted pay scale in recent weeks in an effortand retain workers. apple is facing union drives at the retail stores with employees pushing for higher wages. >>> and we have touchdown. boeing starliner landing in the new mexico desert last night completing a six-day unmanned mission to the international space station. the landing is the last step of the crucial test for boeing. nasa required the company to prove it could safely fly the vehicle to the space station and back autonomously before clearing it to fly astronauts. dom, the starliner would give this move to spacex for crew and cargo to the international space station. i could not imagine there would be competition in terms of who would provide space launches >> it was just nasa and they just did their thing all of a sudden with privatization in the industry. be bertha, the competition is good overall. >> i'm with you. >> thank you >>> to the big money movers nvidia says those sales are expected to slow this quarter. the company says the slowdowns and the war in ukraine will

. >> cisco, apple, amazon, google, kaiser permanente, and the city of san jose. >> reporter: and take a look at the salaries, averaging almost 76,000 for computer science may job, 74,000 for engineering students. over 60,000 for business. communication and humanities majors are in the low 50s. >> this summer i'm going to be having an internship. >> reporter: software engineer alec tang graduates next summer and already has companies interested. >> they know there are a lot of great products that come from san jose state. >> reporter: and you're wound of them? >> i guess so. >> reporter: students from other majors might not have the lucrative offers just jet. >> i'm applying and applying. >> reporter: lysette hopes to work for pixar as a sound editor and jessica's dream job would be with disney as an event planner. >> there is more opportunities and more people are starting to hire up again rather than letting employees go. >> the opportunities are out there. >> reporter: bernice is not taking the job offers yet. she'll go for a ph.d and wants to get into cancer research. len ramirez.

tech and google and amazon have saved me why don't i just go there. both forces are real to me, i think there's more long term play at work. you said you don't want to look out four to five months, but economic activity seems set to go the next couple years >> brenda, most positive signal this week from those stock come backs i mentioned is what? >> i think, you know, we're in this environment where i think being diversified is important you look at what's happening in large cap tech, i think we're having a tightening of financial conditions, which means the economy is slowing a bit i think that drives people into safer names where we know they may not be growing as much as last year, but they're likely to be able to grow and have incredible balance sheets. financials similarly i agree with jim you know, the consumer if you look where they're at. balance sheets are pristine. likely working through savings may start to borrow more that would be a positive for the financials we haven't seen that in a meaningful way yet that would be a positive for the f

we see three major cloud providers, google, amazon, that does seem -- should there be an attack or ashock. it is important that the regulators have visibility, i don't think we do enough now. we are working with the other regulators to make sure that we can withstand a shock. potentially, even if it is a non state or state center attack. >> the potential threat, in the [microphone audio inaudible] the concentration about these services, and if we outsourced it -- [off-site audio unclear] >> absolutely. >> [off-site audio unclear] consolidation, and potentially growth, when do you think that some of the systems -- [off-site audio unclear] a national security standpoint, the service models around -- are you not only -- >> in my testimony, i mentioned how the u.s. consumer financial systems appears to be lurching towards a chinese style market structure, that is a concern for many small institutions, but we see with those systems, is a structure that we do not necessarily want to replicate. we will be reporting on some of our analysis around the chinese models, as well as what we are le

great. 4 though it came from, from the western sudan, with amazon, google, i been in school, i read it a recipe. william says his ancestors were enslaved in west africa. he plans to take it dna test to learn more. and he hopes the new museum and his new life in ghana will help him to rediscover and celebrate his families route. malcolm web al jazeera. ah, let's get a recap of your top stories and out as era. the un says it's scrambling to rescue more people trapped in the besiege as of stole steel plant and mary poll civilians evacuated on friday have arrived at a camp in the russian control village of bessy. many ukraine says it's his, a russian war ship and the black sea which has burst into flames. if the strike on the mackerel forgets is confirmed, it would be a 2nd major naval loss for russia. its flagship moscow vessel with sunken april pentagon spokesman john kirby could not confound the strike on the ship. nor would he say whether the action was the result of us intelligence. we provide them what we believe to be relevant and timely information about russian units that call all

google and meta and amazon will benefit as a result of the war >>> u.s. president biden is considering dropping tariffs on china, but admits he is ready to use force to defend taiwan and also launching the inindopacifi. >> we will help all of our countries grow faster and fair we will do that by taking on some of the most acute challenges that drag down growth and by maximizing the potential of our strongest growth engine >>> russia claims to have captured the ukrainian city of mariupol and grants the energy aggression against europe. halting gas flows to finland the boss of the iaea says mosco is no longer reliable. >> russia proved that it is not rely energy partner. as such, i see there is an orientation of trade whatever the situation is with russia and ukraine is, this will continue >>> and belgium is the first country introducing a quarantine over monkeypox there is still a lot to learn. >> we are living in a world with global warming and increased population and population movement this is evolutionary certain we will see more outbreaks. that is wh

apple is only down 60 cents but it's down, amazon down another 17 bucks and google down 20.his morning. why not bring in mark mahany. are you adjusting targets in light of what's happening here? >> well, we have gone through earnings, last week was mobility week or travel week. the one sector, only part of the economy that is getting stronger is leisure travel. you had names like booking and airbnb and price targets went up. but those are the exceptions. almost across the board we've had price targets and estimates come down. stuart: you've done that, all of the big-tech stocks that you follow. i know that you follow amazon. you dropped the price target because of what's happened, correct? >> yes, and especially amazon because we had -- we had major increase spikes in cost there so estimates come down, price targets come down. look, we are in a risk-off market and i think what happened yesterday was the market told the fed we don't believe you're going to be able to orchestrate a soft landing. the new risk isn't interest rates, the new risk is recession. you look at tech, te

however, the world has long been dominated by big companies like google, apple, facebook, amazon, also known as gaffer these companies transform the raw material of data into money . carefully when i switch exist until wikipedia it yet is we copious relationship with gaffer sitting always on here around 2005 or 2006. they made us our phase with they wanted to buy us or finance us. the of of they wanted a business relationship or not, you know, we had to explain to them that that was not our goal city. our goal was and still is re knowledge for every one of our hope. so we didn't want funding from big companies all renewed because we aren't like them and they can't buy ashes from pop it all one up your time in december. we'll assume here another relationship alleged typically most to understand that you have to know that these companies profit enormously from our content in this have led to some difficult questions for us as scuse, is that okay, for the big companies that make a lot of money to use our data and make a real business on based on our voluntary work there with a business mo

b >>ac oh , it would set amazon and google back decades because you can't be an obedienta d employee if you persistem on reproducing and having your own familypln right. women are told this constantly don't have a family. du you'vety got a duty to gdphe and that's one of the reasons are birth rate has dropped rat by more than 20% in the past 15 years. but jenny yellen doesn't think that's low enoughbunelo. got to go lower, get to work. rebecca heinrichs is a senior s fellow at the hudson institute. she's also a mother ofso five . she joins us . a rebecca, thanks so much forve coming on . i've always suspected that feminism was a corporate lie. this kind of confirms it.me you know, stop whining about having your own childrenet get back to work, says janete yellen. have you ever seenev anythinger more splinting really repulsive than that ? it'sti incredibly repulsive.nd >> it tucker . and the argument is barbaric in of itself. but to havee secretary of the treasury making the argument is chilling because she's really talking about people rather than r r as women and mothers and familie

and part of the secret sauce is the architecture and the approach so we partner with the amazons and googlessoft of the world as opposed to competing with them. and so that is a world of difference because amazon, microsoft and google are all investing significant amounts of money into human computer interactions using voice speaking to your computer. and as a result, we stand on the shoulders of giants and it gives our customers a much better answer than our competitors trying to deliver this on your oeb, really hard. >> do you think your company about the company is devoid of any discussion of zoom >> thanks for bring it up, jim >> well i had to because i talked about it forever when it happened you have to give me that i did talk about it. because i wanted it to happen. >> we are past that and the investors are not asking us about that at this point our investors love to see the growth so we posted like you said an awesome quarter, top and bottom line, raised both top and bottom line for the full year. that is what they want to see. that is the five9 they've known and loved which is this

when you look at big tech broadly, some names that have moved intraday, twitter, amazon, google, they weighed the market down. this is a really important story. you are going to talk about twitter and a second would look at these other heavyweights. tesla, amazon, alphabet. once again it becomes a story as , to whether or not these big companies still remain that defensive play, still rem that inflation hedge, or whether this is more of a story of valuations, getting back to those levels and releasing some of that monstrous rally that has been built up over the last two years. i'm going to end with the nasdaq versus the s&p 500. we end zooming out. i want to show you the year-to-date pain because the nasdaq 100 clearly performing -- underperforming the s&p 500 which tells you the value trade is still in play which is a complete reversal from what we saw two years ago. taylor: really appreciate the size and scope and perspective from our very own kriti gupta. thank you. and we cannot go on for at least two minutes into this show without talking about the latest drama between elon musk

amazon google, microsoft, i like semi conductors, md and nvidia. -- amd and nvidia.hese are at the cross-section of every technology, electric vehicles, eating to optimize factories for lack of workers, artificial intelligence, 5g, machine learning, cloud computing, these are real, tangible propositions that these companies are taking place. you look at names like amazon, consumers remain strong, though catch some wins find their sale -- winds behind their sales. investors will miss out on opportunities on these names. >> taking a look at just how much yield is higher at the moment, we have a situation where the dollar is so strong, the real rate is screaming so much higher, you are getting the liquidity effect. i am wondering how much stronger earnings is going to have to overcompensate to overcome the fear, the changing conditions will create further obstruction for this market. >> a great question also a great point. when you think about inflation getting about that hikes, the market has gotten a little bit ahead of it in terms of pricing in rate hikes. that there

amazon, meta, google's parent company alphabet and microsoft fell at least 5%.ses from cloud companies, chipmakers and e-commerce weighed on the tech sector. >>> oil prices second week of gains, there's no relief in sight as europe prepares to ban russian oil imports and the u.s. seeks 60 million barrels to replace its strategic oil reserves. you'll pay more at the pump for a while ago. a year ago the average was $2.94 for a gallon, today it's $4.27 according to aaa. >> that's outside california. >> pain at the pump news. >> ouch. >> there's more there? >> more. >> i paid $6,000 for unleaded for my tiny, little car. >> really? marcus, i know you're driving something that takes premium so no problem. >> i'm driving a spaceship, brother. if you're going to do it big, why not do it big? >> the parking situation's gotten very difficult, frank. thanks. [ laughter ] >>> 4:43 for you this morning. the kentucky derby is back and better than ever. ahead for you this morning on "today in the bay," we are live in louisville as the race to win the triple crown kicks off thi

called the four horsemen of the apocalypse, facebook, apple, google and not -- facebook, apple, google, amazoners and shut that down, so now when you have one person as powerful and rich as elon musk to stand up and say this is going to be an open platform, all speech is accepted here and allowed here. it's so -- it's hilarious to watch the left. well, hilarious and frightening. that they want a platform that censors and controls as long as censorship and control is to their benefit and the more power and control the left loses, that the clatter bags at, say, cnn lose, the louder and more desperate they get. desperation is the world's worst co-loan. you can -- cologne. you can smell it from here. >> amazon web services, twitter runs on amazon web services so elon has to be careful. they're vulnerable to something that potentially happened to parler who if jeff bezos, if he decides we want to pull out the rug out from under him too. the midterms are right around the corner and it looks like the left is so angry now because they apparently have lost another vehicle for censorship. they don't wan

we have seen in these earnings report so far is the companies, apple and facebook and google and microsoft and amazonbig tech companies just blew up during the pandemic, right? two years of profits we have never seen, profit margins we have never seen, now, they are getting squeezed. the inflation consumer sales letter is felt by companies now. amazon said it got $6 billion extra cost in the first core. apple expects $4 billion-$8 billion of costs in the first quarter, right? that is eating into those margins. it is because we put so much into the past two years, so much government incentive, federal money, federal reserve money just flowing into the system, all of those are starting to get caught it. all the money put in the system two years, the falsehoods are cut off. what the effect is on the other side is a question mark. shrinking in the first quarter after growing really well in the fourth quarter. so, there's a lot of uncertainty. i use the word uncertainty a lot. never experienced a global pandemic in the government liquidity before. and what comes after is a real question. >> thank you for

microsoft, amazon, tesla and google and meta/facebook lost 3$330 billion per day for three days makinghat back today wow. $1 trillion in three trading sessions >>> new doom and gloom the sun is up. weather is getting warmer. making headlines this morning is elon musk saying his plans are in agreement with the european union social media rules those guidelines are designed to force companies to do more to police illegal content they are not in effect yet musk's comments about a platform for free speech led to speculation he could relax the content moderation rules >>> also match group suing google of accusing the market of distributing apps on android and forced to use google billing system and taking a cut. >>> former amazon workers involved in the staten island union effort tell cnbc they have been fired in recent days. the men were working with amazon labor group which a group led by the former and current employees. last month, workers at the warehouse voted to join the union. a smaller facility nearby rejected the effort last week. >>> now let's talk peloton you may be riding one r

google, amazon, meta, microsoft, all down again. look at rising interest rates.. it was 3.2 earlier. don't look for relief in bitcoin. all the way down to 32,900 bucks a coin. hard to see much relief. shanghai, beijing still tightly restricted. so our supply chain problems persist. the biden team won't let america dramatically ramp up energy production. so there is a continuing supply problem there. the federal reserve, suddenly can't start printing a ton of money to relieve the market that would only make things worse. here we are, watching the slide. does anyone see a bottom? that's the question we've been asking. it is what we're going to ask jeff sica who joins us right now. close to a bottom, what do you think? >> you know what? one thing i've proven, i'm very bad at predicting bottoms but one thing i can say you have to look at this drug called margin which is out there. there was a trillion dollars of margin debt just a couple years ago. that has declined somewhat but what is happening is, this selling, this avalanche of selling is being caused by margin d

the private sector has come to us and said amazon invested in the fairness of the program and one of the funding was invested by a combination of intel, google and amazon. so, the private sectors come to us and say we will coinvest with you because our basic research needs something it's well-positioned to do. we can work with you to unearth more so in fact i would say it's added rather than subjective. so i am finding more and more. ibm was investing $100 million on hbc you and talking about how we might collaborate with companies that are interested in getting the talent of the future and also newer ideas that they want to work on and they are willing to partner. this is a new world of partnership so what they are also doing at the same time i'm developing a strong partnership with the department of commerce so that the regional technology. the scientific problems of what we have which is what makes the nation unique the relationship potential is able to be taken out and scaled and able to compete with other nations so i want us to be more between agencies, between the various programs and a nice handoff and fantastic partnership. that's w