I'm Carl Kintanilla. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.

Good Monday morning. Welcome to Tech Check. I'm Carl Kintania in New York.

Julia Borsetons in Los Angeles. John Ford is in D.C. and Deirdozov today. Elon Musk uses Twitter to decide, and it looks like he may dump a big chunk of Tesla stock. We'll tell you the real reason behind that sale next.

Then we seriously consider Bitcoin hitting 70,000 intraday all-time high earlier.

Another surge for crypto takes its total valuation above $3 trillion.

And then later, PayPal expectations, software pops, and Walmart's Wally for delivery.

First, though, some breaking news out of the Fed.

Let's get to Steve Leesman, Steve.

Carl Fax, Fed Governor Randy Coral, announcing he has submitted his resignation, and it will be effective at the end of December.

He joined the Fed in October 2017 as vice chair for banking supervision. He

ends his four-year term as vice chair in October. That ended and now he's on the board.

This resignation highlights four jobs that President Biden has to fill or will have to fill in

the coming months. We'll count them. The Quarles Vice Chair Begg's Supervision, Vice Chair for the Federal Reserve Board. Richard Clare to, his

term ends in January. Of course, there's Jay Powell. His term ends in February as chair,

and there is one unfilled spot. Just real quickly, we did see or we know that Fed Governor Lail Brainerd and Fed Chair

Power both seen at the White House last week. So we are waiting any day, any minute, any hour,

any month, any week now, John, for the announcement of who will be the next Fed Chair.

Yeah, and I know you'll be on top of it when we do here. Thank you, Steve Leesman.

Now we are on track for more record highs today, the NASDAQ now up 26% year to date. But that's masking some very real pain we've seen in a few stocks in tech the last few weeks while indices are at highs. There have been some sharp downward moves for individual stocks when growth disappoints. Zoom, Peloton, Ed Tech company Chegg,

all been cut in half or more this year.

Peloton and Chegg in particular hit hard

after third quarter disappointments.

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