I'm John Fort. You're listening to CNVC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.

Good Friday morning. Welcome to Tech Check. I'm Deer Droza in San Francisco with John Fort back at

headquarters. Three big stories today. Of course, the Fed and Jackson Hole all eyes are on the markets.

Powell promises to lower inflation. The

NASDAQ is down about 2% at the moment and we're live in Wyoming this hour. Later, a

suitor for electronic arts. Details on the acquisition rumor that took over the street

briefly this morning, but does a deal for Amazon actually makes sense? Finally, we're

going to look at a firm. The stock is getting absolutely crushed this morning. Founder and CEO Max Leibchin is going to join us later on in the show right here on

Tech Check. Let's get back to the Fed, though, John, because all eyes are on this market, the

NASDAQ now getting closer to session lows. Tech and the growth trade, the obvious underperformers

today, there was this thought going into the

Fed chair speech that perhaps the markets had come into better alignment with Fed speakers,

what we've heard from them over the past two weeks. But John, maybe not anticipating this much

hawkishness. Markets still working through this, but Powell used words like forcefully using

tools to restore price stability,

and the takeaway seems to be like tighter for longer.

Yeah, I mean, the Fed speak has been trying to deliver this message for a couple weeks now.

I mean, talk to Mary Daley a couple weeks ago, and so many were coming out trying to say,

hey, don't expect us to cut rates next year we're gonna hike him and we're gonna leave him high

for a while and uh... and now it sounds like the market maybe is starting to

believe at this time but we're we're coming off a level where things

have gotten pretty hiding but yeah even apple is off one and a half percent

...