And welcome to this CBC special taking stock I am Brian Salvin Jim is off all week we'll

see every night at six o'clock tonight a deep dive into technology the sector hit

hard again today what's new it's been a big theme all year what everyone seemed to

love last year now tossed away this year seven big tech companies Amazon alpha alpha

bet Microsoft Tesla meta and Nvidia lost about five trillion in combined investor net worth

this year the entire American market down more than ten trillion dollars tonight we are

tackling some of tech's troubles and the opportunities in the year ahead from a number of key

angles we're going to talk Elon Musk yeah a brilliant businessman but whose buy out of Twitter

maybe slamming Tesla investors then from not enough to too much how the world's most important

technology completely flipped on its head is tiktok toast will congress ban the app over

security fears and then why this year was a year to forget for initial public offerings

there is so much ahead on the tech table in the next hour but before we all sit up and

dig in let it set it up with your money and another tough day on the street of dreams

and has that down 1.3 percent 92 of the nasdaq 100 falling today adding to more losses to

a dreadful year for tech and most of the market tech on pace for its worst performance since

2008 and now down 10 percent just this quarter speaking of a quarter apple investors not

immune the world's biggest company has now drained more than a quarter of its value

this year and hitting a new year low again today and it matters to everything apple is

in more than 400 different ETFs it is obviously the top holding in many more so when apple

goes down it is hard maybe if not impossible for the rest of the market to rise simply

do to market mechanics so what exactly is going on with apple kind of once thought to be

immune to macro downturns Steve co back covers the company for us and he joins us now

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