Tech Bubble Bursting News Today

what a crazy day in the markets and for the economy. just when we thought the inflation news couldnt get worse, it did. a sign of what is coming. wholesale inflation that makes you think wait a minute. the retail inflation that is bad could get worse. susan li with more. >> the dow down sharply this morning after the near record high inflation numbers for producers. wholesale prices coming at 11% higher than last year. you couple that with the steepest consumer price increase and 41 ye...

So half of people who are vaccinated put in these requests. only a fifth of non-vaccinated have done the same. >> thats been the conundrum of this pandemic. people who are taking the most precautions are the most protected and those who need the help arent doing so. mike, we just talked to our friends at cnbc a short time ago about the wild day we had at wall street yesterday and things seem uncertain. theres a lot of eyes on the tech market. are you guys at "axios", you have some reporting here...

Worst ceo of all time. i do not think she destroyed the company. i think they ended up in a better place as a result of her strategy. >> with the tech bubble bursting, many firms were in trouble back then. >> every other technology company laid people off. i its the worst thing a ceo thooz do is say you dont have a job. >> reporter: for trump, he says its what happened at hp during her reign. stk company is a disaster. they continue to be a disaster. they havent recovered. >> reporter: people we...

About hp. carly fiorina was the head of the tech company in 1999. no woman had ever risen to such heights in american business. >> we are not losing revenue as a result of this merger. >> reporter: but the headlines were even bigger when she oversaw the mega purchase of compaq and hp went into a tailspin, losing half of its stock value, laying off 30,000 workers. >> the company is a disaster and continues to be a disaster. they still havent recovered. >> reporter: by 2005, fiorina was fired. alt...

And who they think is behind it. did the tech business grow too fast in silicone valley? fears of a tech bubble bursting. should you be concerned?

Is the thing were going to write about five years ago ala pet.com when we talk about the tech bubble bursting. >> is this is where we say, you ran out of ideas, were going to get the million dollar idea to anybody who walks in the door. can you come up with good talking points about it. its a low latency communication app. it makes sending a message like one tap, versus 11 taps to send to yo, its not the yo thats important, its the fact that you can ping someone. >> im defending the concept that...

Retirement to continue to afford to retire. >> john, i bet you have something to say about spending more money to stimulate the economy. >> thats what were doing. weve got to stimulate growth, and all were doing is raising taxes. we put in a new tax called obama care on small businesses. we do need to stimulate growth, but we are doing the opposite of what needs to be done as a government to stimulate the exact same thing that is the thing that will create jobs in this country. >> and the other ...