Right now and fast, a hardware hangover, PC sales plunge as a pandemic spending

free grind to a halt. I mean worries about a global slowdown pick up steam. The

drop wrap will even worsen the rest. How big of a headwind is this for the

tech trade? Plus, energy excitement chatter about a potential

mega deal between Exxon and Pioneer giving the oil and gas stocks a lift. Would

it tie up this size boost the prospect for a wave of MNA in the sector? And

later, Hollywood's Mario Party, the animated film crushing expectations here in

around the world, can Super Mario jumpstart the studios and theater chains ahead

of the summer movie season. I'm Melissa Lee. This is Fast Money Live from the

Nasak Market site on the desk tonight. Tim Seymour, Cornie Garcia, Danathan, and

Guy Adammy. We start off with two big red flags from the tech sector. First,

there's Taiwan semi dropping 1.4% after posting its first monthly revenue drop in

nearly four years last month. While full quarter sales were up for last year,

they were still at the low end of previous guidance. And then there's this PC

shipments in Q1 plunging nearly 30% from a year ago. Apple among the biggest

losers, seeing its numbers drop more than 40%. The new sending shares down as

much as 2.8% today. They close a day off by more than a percent and a half. So

what could these headlines pretend for big tech as we get ready to kick off

running season? Let's bring in Steve Kovac for more on the latest Steve. I

feel like we sort of knew this is going to happen, but maybe this underscores

that sort of what we knew. Yeah, Melon. This has been happening since last

summer. So look, PC demand fell dramatically in the first quarter this year.

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