Likely it is that huawei will get those licenses and the department of commerce wouldnt say specifically they wont get any licenses, they said they will review those on a casebycase basis you can imagine given the administrations crackdown now its going to be difficult for huawei to get any of these licenses from the United States to use this type of technology back over to you. Eamon, its jon what this seems to me to be is something that introduces a lot of uncertainty into the Semiconductor Industry in general. I mean if you look at chip equipment suppliers, if they cant supply technology to one of their major customers, that has an impact on their ability to make money. It has lots of follow on implications down the line is it your sense that the administration is taking an initial stance and looking for room for flexibility and to negotiate or is this something theyre going to push forward in the Semiconductor Industry has to brace for well, we dont know for sure, jon. This is a pi
Adami. The selling is widespread with the dow dropping more than 800 points all 11 s p 500 sectors finishing the day in red the market meltdown leaving investors on edge and sparking fears a recession could be on its way. What is your take on the day, guy adami . My take on the day is it makes a lot of sense volatility is here i think volatility will continue to grind hard. Pete can speak to this when is it over . Thats what everybody wants to know so i can pontiff indicatic. We are looking for a vix that climbs to 30, we have seen it peak out before. Or you are looking for the s p 500 to put in a low of 2690 or so, which is midway between the low we saw december 24th and the recent high in the s p 500 of 3025 carter will be on and im sure speak to levels, but those are the things you are looking for in terms of it doesnt make sense, i think it makes sense and i will say this as well. The gold market has been telling you Something Like this has been in store for the last few months, me