Aside the white house momentum. What we can expect when attorney general Jeff Sessions taking hot seat. A wellknown new york play is under fire. Why bigname advertisers are cutting ties. Among our guests this hour, byron york, Dan Henninger, ralph nader. David ralph fade e nader, havent seen him for a while. The dow sinking into the close after hitting a record high on friday. Take a look at the tech heavy nasdaq. The months long rally has stalled. The index closing down nearly 1 , this after dropping 97 points on friday. We have you covered with Nicole Petallides at new york stock exchange. But first to Lauren Simonetti at the nasdaq. Lauren, what is driving tech lower . Reporter because its a crowded space and it is really highpriced at this point but maybe not so, david, with the capacity two days of incense selling for nasdaq. 1. 8 drop on friday and modest half a percent drop today for the nasdaq. It is still up this year by about 15 . This still has been a successful trade but were starting to talk about pullbacks of 5 drop from a recent high corrections, 10 drop, and of course the bear market, right . Speaking of this, netflix, very popular stock, up 1500 in five years time. At one point at the low of the session today it did dip into the correction territory, not closing there however. Other stocks hit really hard from two days of selling . Apple, amazon, which by the way despite the declines today, Piper Jaffray gave this stock a 1200 price target. Microsoft, i want to point out am. Did, Advanced Micro Devices is a semiconductor used in so many big popular gadget makers, in bear market territory. Goldman sakes Goldman Sachs says sell it, down 7 . Melissa nicole . Apple got downgrade on friday from pacific crest. Today another downgrade from mizuho. Not that they dont like apple or it is faltering but they think for the most part the new iphone is factored into the stock price. Apple is down 6 in two trading days combined. Down to 145. 32 and that that the valuation is really high on that particular stock at this time. That is why theyre lowering their price targets. That drags on the dow. For example, on friday, dragged 40 points off the dow. Today off again. Here are some laggards, united health, visa, microsoft. The airlines was off, transportation, airlines in particular got hit hard. Because everyone of the airlines down more than 1 . Traders ive been speaking with, theyre looking, waiting to see whether or not people start to nibble at tech, now that it sold off. That is number one. Expecting that rate hike on the 14th. Bake of england and bank of japan later in the week. These things could be marketmoving events. Melissa setting up for a big week, thank you, nicole, for that. David more on the nasdaq plunge, lets bring in todays market panel. Liz peek from the fiscal times. Steve cortes from hispanic 100 and fox news contributor. Liz, what is happening to tech . I think its a pretty Natural Market protation to tell you the truth. You have a pretty big surge, 2 those stocks are up 27 these stocks are up since beginning of the year. They get to a price where theyre no longer great bargains. Well talk a lot about the fed raising Interest Rates and its financials who will benefit from that. Maybe some other industries but i think investors are saying hey, this does increase the uncertainty a little bit Going Forward. Lets take money off the table but by the way, if rates go up i want to move back into financials. David steve, im going to make a link and i dont think it is too much to say, that a lot of techs rise over the past three or four months has had to do with donald trump. Had it not been for trump being elected president , they would have more of government interference with the internet through net neutrality, you know that would happen, the fact that they havent had that overhang means they are going up, up. It had to come down a little bit . David, isnt that ironic . There are probably few places in america where donald trump is less popular than Silicon Valley. David. Yet he is wonderful for Silicon Valley. Im so proud of this as american, that america dominates tech because i think a business largely been left alone by the government, thank goodness. Not too much regulation. Not too much interference in their business as opposed to say health care or banking or the i dont think. I think liz is exactly right, i think this is about rotation. I remain incredibly optimistic. I do think well get a tax package through that will be momentous for the economy. David lets hope. Having said that, tech has run a heck of a long way. In the context these pullbacks are not that material. I think it is time to rotate into some less favored groups like financials, like energy. Melissa so the apprentice front and center in President Trumps jobs agenda. The president will travel to wisconsin tomorrow with his daughter ivanka to put renewed focus on apprenticeship programs in the u. S. Well help get our young people the Technical Training that they need to pursue really excited careers and careers that, at they can make good money. They can really earn a great, great salary and maybe open small business. Melissa liz, the questions from the regular, you know, general assignment reporters that were out there today in the press corps were horrible about this they totally didnt get it. Our own blake was fabulous. They said this is indentured servitude. They said why, why is the administration not willing to put its own money up . How will this work out money . Businesses train people they need for their jobs in that community. Am i crazy. Youre not totally crazy. I thought secretary acosta did a great job, measure the impact of these initiatives by the Trump White House to get young people back to work. Lets not measure it all in the amount of money the government will spend. I thought that was incredible clarion call for reviewing government policy and how we look at it. What trump is trying to do here and elsewhere is the get the private sector involved, not only on job initiatives but on infrastructure spending. Melissa yeah. Infrastructure design. This all makes so much sense. Common sense is the enemy of everybody, right . But not of the Trump White House. Theyre trying to do the right thing. This is really good way of focusing again on the jobs issue. Melissa steve, i talked to so many ceos who need a specific skill in their community because they have a plant there, they need i. T. Help. They have a bunch of jobs open. Nobodys skills in the Community Meet that they would love to set up the Junior College or high school in the area to train people to been their workers. We havent done that before because of regulation. Do you think regulation will look better now for this to happen . Melissa, i sure do, i hope so. There is not much i want to emulate from europe but this is one scheme i do want to copy from germany. The apprenticeship model make as ton of sense. Sadly what weve done unfortunately in america we sent a lot of young people into College Degrees that arent worth a whole lot, saddled them with a whole lot of debt. What do they do . They move home have trouble getting jobs in food service. Instead of learning a tangible real skill a craft. Apprenticeship Program Allows that will be beneficial for america Going Forward and our competitiveness. David there is a big shakeup at general electric. Im sure you all saw this. Longtime Ceo Jeff Immelt steps down and health care head, John Flannery will take over as the Company Struggles to boost profits. Far be it from us, steve to den any great any competitor. Melissa we never do that. However, here is a piece from last march, jim cramer has faith that ges jeff immelt can cut costs. Well, clearly he didnt and thats why he is out, no . Right. I think maybe all of us by the way are former employees of ge, nbc universal. So were not going to trash them. But let me say this, if i quit fox as contributor and fox, if News Corporation stock vaults higher because of that i will not be happy about that or proud. Ge, as far as their Business Model goes it has been a vasts underperformer for a very long time. Even with the jump today, those who hold the stock are happy about it, it still trading half of where it was at its peak with the market at alltime highs. It needs to be much more than one person. There needs to be serious restructuring at ge. David activist shareholders are stirring things up. I like it when ceos are held to account either by the board or act he activities, dont you . Yes i do. In fairness immelt made a lot of very tough decisions. Got rid of and bought hundred of billions of dollars in new businesses, got rid of a lot of things. He made a few wrong bets. Go back to what he took on a company half financial services. David right. Nobody really recognized that at the time. They sailed into the financial crisis and it was a mess. You know, i think immelt deserves some credit for getting through that, getting definitely diversifying the business but made some wrong bets and insulting to him have the stock go up over 3 today. I think that is kind of the way the investors look at this change. Melissa Silicon Valley ridesharing giant uber could be facing a shakeup as Ceo Travis Kalanick is reportedly considering a threemonth leave of absence from the company after a string of scandals and controversies. The news comes as ubers spokesman is now confirming that Senior Vice President of business emil michael, a top lieutenant of kalanicks will step down from the company. Liz, what do you think of this . Well, look this is a Disruptor Company and like so many of its kind, it has had some pretty unfettered Business Practices and obviously in that kind of climate a lot of scandals typically come up or often do. But look, the ceo here has created a 70 billiondollar business, and it is something that the entire country has come to rely on. I think he is, may have personal issues. His mom was killed in an accident. There may be reasons for him to step away from the company. Melissa yeah. But he will be back. He needs to be back. He is the guy that built this he understands the idea of it. I think he is created something that is really genius. Melissa steve, there is always these inflection points with these companies where you have an entrepreneur who had the idea and is a genius and started the thing up and it grows to such a size and clear it is here to stay and need to transition a ceo that can operate it, entrepreneur to the operating guy. Do you think that is the transition is marking at uber . You know, melissa i do suspect that is what it going on here but i think there is something a little more nefarious going on that uber has become, im not saying rightwing organization or conservative group, because they are so upsetting to the political order, particularly a lot of taxi associations and Union Organizations in major cities they become a very convenient target. Im not sure they would be under the microscope under presently if they were a different kind of disruptor. I think some of it is unfair. Some is probably founded. The board will figure it out. It is amazing company. Melissa interesting perspective. Liz and steve, thank you. David get a check on oil climbing for the second day as traders look ahead what is expected to be a drop in weekly supply. Crude up a quarter to 46. 08 a barrel but gold dropping for the fourth straight session closing today at 1266 an ounce. Melissa so happening right now the senate is voting to move forward on the bill imposing key sanctions on iran in relation to its Ballistic Missile program. Support for International Terrorism and human rights violations. David also taking place right now, treasury secretary Steve Mnuchin is testifying in front of the House Appropriations subcommittee on the budget. Were going to be monitoring this for any headlines and bring them to you. Also want to remind you tomorrow, on maria bartiromo, the treasury secretary will be sitting down with maria 7 00 a. M. Eastern. A first on fox interview discussing treasurys report on cutting financial regulations about which more right here in couple of minutes. Melissa all right. Cutting back on regulations, President Trump looking to limit the enormous power of the Consumer FinancialProtection Bureau that that has over american business. Ralph nader says not so fast. He says the president should think twice about this one. David doctors cheating the civil. A medicare mistake costing taxpayers hundreds of millions of dollars. Results of a brand new audit. Another highprofile hearing on capitol hill taking place this time tomorrow. Attorney general Jeff Sessions on the hot seat. Byron york of the Washington Examiner on what to expect. He believes that the sooner we get this addressed and dealt with that there has been no collusion he wants to get this investigated as soon as possible and be done with it an continue with the business of the American People. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. It can provide what we call an unlock a realization that often reveals a better path forward. 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That led me to ask the White House PressSecretary Sean Spicer at the briefing earlier today, essentially, if the white house signed off on sessions testifying tomorrow . Here is what spicer said. Congress generally speaking sets whether a hearing is open or closed based on the sensitivity of the subject. Is the president okay with testifying in this open setting tomorrow . I think he is going to testify. Were aware of it, and go from there. Reporter sessions will be likely asked about his contacts with the Russian Ambassador, Sergey