a firm, we're going to talk to max levchin in a bit that's off 19.5% coinbase off 7 peloton, down 7 as well. marvel off 6.5%. even though fundamentally it's doing well, still some supply chain issues that we see reflected in what's happening in the chips. >> maybe i would just add the arc innovation etf to that list, so indicative of that growth trade that's down almost 4%. of course, we've been talking about it all morning, jerome powell saying this morning, the symposium in jackson hole, wyoming, that it will continue to maintain restrictive monetary policy until, quote, the job is done our next guest says as potential rate hikes loom to focus on long-term quality, fanamely i.t, health care, and energy names. joining us is scott wren thanks for joining us this friday what are your takeaways from the speech >> all i can say, it was short and sweet, and i don't know why any market participant would be surprised at what chair powell said i mean, it was basically reiterating exactly what the fed has been saying for months now you know, we haven't been buying into this fed pivot, and all

the founder max levchin will be on "tech check" this morning shares of gap are higher all though salesower they are withdrawing the outlook. gap and old navy and banana republic looks optimistic. shares of workday popping after beating earnings and sales the company reaffirming the full year guidance touting continued growth bonus stock this morning dell that stock lower executives telling investors the end of the pandemic pc boom is hitting the top line dell reporting pc revenue of $15.5 million. higher than last year's total. well short of the estimates. executives say customer behavior is likely to be cautious for longer than expected >>> all right. let's get a check on the headlines outside of the world of money and business. for those and find out what is going on, we go to frances rivera in new york >> good morning, brian some time between now and noon eastern, we could learn what sparked the fbi search of mar-a-lago redacted copy of the affidavit used for the warrant to search the home agents recovered seven sets of documents this month the judge's decision came hours after the

at least that's according to founder and ceo max levchin, he still has faith in the buy now pay later company's ability to lend money and control delinquencies throughout a potential slowdown tech check is back after a quick break. >>> some pension funds feeling the pain from crypto's big drop this year. they've been pouring millions into cryptocurrencies. now they're also some of the biggest losers with bitcoin and eitther, has t story changed once again, it's acting like it always has, like a risk asset, but bitcoin hitting 25k. >> yeah, where do we go from here >> the way that i think about this is it feels a little bit like 2000, and what that means is we may have just come out of an asset bubble in crypto, and it took ebay three years to recover from their highs, but then they ended up going 10x it took amazon eight years, and they ended up going 150x it took oracle 14 years. i think there's going to be a recovery from some, cisco never recovered. >> thank you, i was just about to go there with you >> and there were some you never even heard of. >> they were punchy, the majority