three indexes. we re joined live from london with with more. good morning. good morning. tech stocks and overall markets were down once again yesterday. yes, the nasdaq saw its worst two-day fall since december. that said, the declines were quite limited. the nasdaq was only down by half of 1%. that tells you maybe this was the end of that big selloff we saw over the last two trading days. maybe this is a very healthy correction because a lot of analysts tell us while valuations for some big tech names were very, very high leading up to this crash. i want to talk about uber. the firings at the ride-sharing app that continued yesterday with the departure of michael, the right hand of the ceo. he s been crucial in fund-raising and also in the push when it comes to self-driving cars. the big question, guys, still out there is whether the ceo himself will step aside for a couple months as he had been
secretary. on the agenda, the president-elect meets with top tech names at trump tower. long the silicon valley leaders, apple s tim cook. larry page, held of google company alphabet. also in attendance, amazon s jeff bezos. his combative relationship with trump could cast a shadow on today s meeting. i want to talk about the tech summit with our samuel burke joining us live from london. as you know, some of these tech titans have been either dismissive of the candidacy of donald trump. critical of his positions towards immigration. some of them outright hostile towards him and donald trump has been hostile back. although peter thiel, he s a contrarian, big investor in the sill yicon valley saying, look, need to get along here. what do you think is going to happen? christine, it felt like nearly all of silicon valley was against donald trump during the
the deliberate crash of flight 9525 is sparking renewed interest in an idea that could prevent similar disasters. planes piloted from the ground. the technology is there. a lot of people think it s crazy, but we take a look at the technology and why it s not being used. reporter: some of the biggest tech names in the world like google and boeing are looking into this idea of planes that can be flown from the ground because there is a belief that such planes might be impervious to terrorist attacks and criminal acts, and to precisely what happened in the french alps. watch closely. this plane over england has a crew at the controls passengers in the back but something extraordinary is about to happen. a pilot on the ground is taking over. ready to control.
work and according to the employees themselves. boston consulting group in 87 offices in 45 countries the employees rage about a rich intellectual atmosphere and inspiring colleagues. number four is tech company f five networks. they talk about a competitive salary generous benefits and great camaraderie. doming in at number 3 nestle purina pet care. corporate culture second to none plenty of career growth. bane and company. workers say the management consulting firm is full of hard-working people who are few actu mutual respect for people. google number one on top. salary almost unmatchable. the company attracts the best talent and best of all they say it is just plain cool. other big tech names dropped from the list.
correction right now. also, the mid-term elections are coming up. stocks traditionally struggle in mid-term years. there was a note out earlier from bank of america, merrill lynch. one analyst said he sees a 10 to 15% correction in the fall as the fed stimulus winds town and the expectation for an increase in interest rates winds up. so, maybe we re just we just have to get ready to strap on our seatbelts bus the worst is not here yet. you talked about biotech and enter sunset stocks selling off big. already in bear market territory, netflix and trip advisor, maybe we ll start to see a rotation back to the old school tech names, ibm, intel, hewlett packard, they re outperforming the market right now. thank you very much. one day or a week does not a trend make. april itself, even though