Page 106 - Tech Sector News Today

Welcome back, everybody. lets turn on to business. stocks fell sharply on the first trading day of this second quarter. jomana is joining us live from london. up until now, tech companies have been reliable market leaders. how have the tides turned? >> yes. so it was a bumpy start to the quarter with all the major indices down 2% with the tech heavy nasdaq leading the way down almost 3%. just the to give you an idea, this is the worst start to april since 1929 for all of these indices and the bi...

Latest reports coming out overnight, he plans to continue to attack amazon, but what he doesnt realize is, is when he strikes out at amazon he causes -- he causes the entire tech sector to go down. and hes impacting people, you know, peoples jobs and its just like these tariffs, when he does something that he thinks feels good and feeds a political twinge, a misguided political twinge, he costs retirees and he costs people trying to set aside money in college funds, you know, just collectively, ...

Raises your rates. maybe you shouldve done more research on them. for drivers with accident forgiveness, liberty mutual wont raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty stands with you™. liberty mutual insurance. >> shepard smith at the fox newsdesk. dow plunging after china hikes taxes on more than 100 american products as pay back for president trumps tariffs. in addition his, well, attack on ama...

Igniting "the flame of hate and fear all across the nation." also from the white house today, confirmation that and his congratulatory phone call to russian president vladimir putin, president trump suggested a white house meeting. in a statement, sarah sanders saying that two had discussed a bilateral meeting in the not-too-distant future at a number of potential venues, including the white house. word of a potential white house meeting first emerged from the kremlin. the government spokesman t...

Case they violated our trust and thats not right. david: adam lets stick on business the business of whats going on in silicon valley. how much and of course the stock implications of it, how much did the stock downturn and not just to facebook but of the entire tech sector have to do with fears about the government getting in and regulating? >> well thats part of it. i dont think the government theres any concern that the government wants to be the arbit or of this data. thats what i meant when...

David: heather, in the end, its up to us. i know that theyre always talking about these long forms that youre required to fill out most of us dont read it. i agree. david: perhaps we should emphasize the part that says you dont want facebook to share this with any other person particularly people that have a political interest in my information. okay i get that, i understand that, but other than that, what else should the government be doing that its not? >> well, i think right now, obviously we...

Procter & gamble down 14%. on the other side, those that have done okay, intel, the chip corporation. up 10.5%. boeing up 11%. although i should point out down 9% for the month. weve seen worries about a trade war with china, rising inflation and increasing tension in the tech sector. lets not forget about the soap opera with jeff bezos and the white house. the president sent this tweet out. he said i stated my concerns with amazon long before the election. like others, they pay little or no tax...

If they were, this will be a good one. we dont know that until we see the details of the changes in the agreement. something had to be done about south koreas trading practices because they were unfairly prejudicing american companies. so we have to be mindful of the other things that arent necessarily in the headlines. >> so, gordon, what does all of this mean, all of this landscape, the meeting in china, these trade deals for when president trump meets with kim jong-un reportly in may. >> that...

Steel that the u.s. can import in from south korea. other measures on currency, too. >> shepard: thanks, rich. gorden chang, a foreign affairs journalist is with us. great to see you. ive been thinking about it, the number of changes that have been in place since last we spoke on this three weeks ago is astounding. how do you see this in the main? >> yes, a really important point, shep. we not only have these fundamental changes and relationships with regard to north korea and china. were also h...

Census. the starts argue that violates the constitution. a man has been arrested in seattle, accused of sending over a dozen of suspicious packages in the washington, d.c. area. were waiting for the markets to open, keeping a close eye on the tech sector after a major selloff on tuesday, tanking at close amid ongoing privacy concerns surrounding facebook. will he or wont he? we know congress wants to question facebooks mark zuckerberg about the social media giants data privacy scandal. wha...