europe start to follow the united states lead. i bet you some of those countries who are traditional allies will probably be the laggards in this. brian, that s fine. do the right thing and some of these smaller countries who have done that they have shown a lot of courage in doing so. brian: yep. the united states is used to leading. we are doing it again. thanks a lot congressman desantis. best of luck today. thank you. brian: all right. 10 minutes before the bottom of the hour mike bloomberg delivering a dire warning to college grads. here we are in the midst of epidemic when elected official speaks as though they are above the truth, they will act as though they re above the law. brian: when did graduations get so political? we will debate that next. best behavior
agent with joint terrorism task force. before we go, a quick check of the markets. minutes before the close after a volatile day of trading the dow up 600th of a percent. joining me is cnbc s bill griffeth. the focus has been on tech the last couple days. when you look at trade what role has tk tech stocks played? very big role, david. this is one of those days where it s so clear where the laggards are in this marjket. just in the last two weeks technology as a group has lost about $500 billion in market value and that s just five companies, most of them that have lost that. alphabet, microsoft, facebook, netflix and apple. also amazon has been a big laggard today as well, down about 5% on word the president was looking to find ways to get them to pay more in internet
sales taxes. so, if you re looking for the laggards, that s where they are right now, and we re just looking for new leadership in this market. the dow as you saw there just a fractional gain, very different from the last couple of days we ve seen here. a lot less volatility today. lot less volatility. is volatility babbling? we re seeing moves here larger than we ve seen in the last few weeks. are we? absolutely. don t forget as the market goes higher and higher, we re talking about bigger numbers. that means that when you see a 200-point move one way or the other, percentage-wise it s not as big as it was maybe ten years ago when the market was sharply lower. definitely we are seeing more volatility right now as the fed is raising interest rates and congress is lowering taxes. so, a lot of changes affecting the markets that are trying to adjust to right now. macro issues. cnbc s bill griffeth. thank you very much for the time. that does it for me at this hour. i ll see you tomo
harshest critic of re and her allies who say is grounded in a massive hoax perpetrated on the american people. if you think the fight in washington right now is brutal, it has nothing on the fight over how to teach our kids. joining me is diane ravitch. the author of reign of error. what i found provocative about the book is this. usually the debate is framed in terms of how do we make america s schools better. how do we reform them. what does reform constitute. everyone wants reform. you attack the very premise upon which the whole thing is built, is that our schools are bad, that they re failing, that we re laggards in the world. that is such conventional wisdom. persuade the viewers, persuade me that s not true. well, they d have to read my book. that would be a good start. but i m an historian of education. i ve been writing about education since the mid-1970s. i ve written lots of books. and what i did was to look at the data. and what the data shows is test scores for america
successful and protecting the laggards and failures. i mean, we have a deluge of new reg regulations and crackdownsds and investigations like google and ibm and they are protecting businesses that fail. home building, banking, farm awireless, all have tough competition. some have been through near-death experiences and yet the obama administration is investigating for anti-trust, for pay practices to nonunion employees. i had a guy in shanghai, a chinese entrepreneur told me, when the government came knocking on our door, it used to be to tell what did you say we re doing wrong. now it s to ask us how can we help you build your business? the balm is what the chinese government used to be. when the obama administration knocks on your door and you are a businessman, they are there to tell what you you are doing wrong. we have only 30 seconds left. is there anything that the obama administration is doing right in