Detailed text transcripts for TV channel - CNN - 20180726:09:48:00
Overnight. the catalyst is facebook. facebook plunged 20% after hours. that is technically a crash. a 20% move in facebook stock. facebook will invest billions in privacy. that will cut into profit for years. tech stocks have been on fire this year. nasdaq up 15%. tech has been immune to the president's trade wars. trump's trade war with china claimed a $44 billion casualty. the u.s. company qualcomm needed a chip maker. they let the clock run out. trade tensions hitting the car companies. gm and ford and chrysler cutting into profits. steel on aluminum are raising costs for automakers. that...