Our road map does begin with tech stock volatility. Adobe shares are tumbling. Microsoft, though, record highs. Tesla and nvidia, those stocks, at least recently for nvidia, saying its a struggle may be an overstatement, but they certainly have not been going up. The nasdaq 100 pointed to its first backtoback weekly loss since last october. Plus tiktoks owner, bytedance, on track to surpass Metas Facebook as the Worlds Largest social Media Company by sales. And the chamber of commerce suing the s. E. C. Over new Climate Disclosure rules, a lot to unpack there. And were going to begin with the road ahead. In particular, for what has been driving this market for quite some time, and that is namely what we call the Mega Cap Technology companies, a. I. , particularly generative a. I. , and mike, ill turn to you. We just mentioned, of course, nvidia shares, which, yesterday, we discussed. I mean, jim and i, years ago, developed this thing called the key to this market, and it does feel like
Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight tim seymour, karen finerman, dan nathan, and guy adami. We begin with what might be a sign that the air is coming out of what have been some of the years most popular trades. Lilly and nvidia boasting big drops today. Nvidia has now fallen nearly 12 from the record high hit friday morning. Japans nikkei nosediving, falling to its lowest in over two weeks. Even the red hot industrials trending lower. Meantime, recent laggards catching a bit of a bid today, with alphabet and apple notching gains. So, have markets lost faith in this years high flyers . Is this the start of a rotation which some might call healthy at this point, guy. Could be. And tim has correctly pointed out that as the semis go, the markets going to go. Lets try to drill down there quickly. Nvidia, on friday, massive reversal, we talked about it on the show. Traded two timesish, 2 1 2 times normal volume. Huge rotation lower. 230 billion
Throughout the region, we have addressed that through additional sanctions, we have address it had through additional military force posture. Were obviously going to do what we have to do to protect ourselves and our troops. Nobody is at all turning away from that threat or their historic and sustained support for these terrorist groups. John, just a followup to what peter asked earlier, two questions, but one to drill down, i assume when the president said aid isnt getting fast enough to gaza that hes not critiquing our efforts to get it there. And without Hanging A Hook On who is responsible, is he saying that more can be done from our end . Is there more that can be done to get the aid to them . I think he was referring to actors in the region. And then the second question is many years youre going to meet with the Australian Government and they have supported the release of Julian Assange. Now, we havent done so saying there were National Security reasons, but for the reasons that
You work hard for your stuff. Its for him. What could they possibly want with it . Its for a special needs person in a wheelchair. Reporter it is a 1999 ford e250 van with a wheelchair ramp, and its the second time this year it was stolen. In march, someone used tools to break into the van and take it in the middle of the night. Police found the van later that day along with some other stolen cars in the east foothills. It was badly damaged and the hancocks had to spend five grand to get it running again. The dash was ripped apart, which we never really could find a part for that. So it was really zurich every time we got in it. Reporter police didnt catch a suspect after the first theft. And then bam. Reporter hancock hopes they will soon. They think its the same person. And now hes got it again. I dont know what he wants with it. Reporter San Jose Police took a stolen vehicle report. The family hopes this second time theyll have the same fate as the first time. In san jose, ian cull,
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