Let's just go year to date and see what- well, this is a nasty picture. This has yesterday's returns along with the premarket. Let's go to the YFi Interactive because I have a pretty compelling heat map. I think we could see the same thing or maybe the markets are starting to see some canaries in some of these social. Walmart and Target just plummeting, plummeting.

And just as we saw some canaries in the coal mine with retail last week- and we're going to talk about retail again.

JULIE HYMAN: Spiegel commented at a JPMorgan conference, and he also put out a memo to employees where he laid out what's going on for the company. It is off by 17% this morning.ДЄnd, Jared, so this news coming in a couple of different ways. Pinterest is the other where we're seeing a similar magnitude of decline. The announcement caused broad collateral damage across the tech sector, dragging other social-media stocks down in the premarket. Snap CEO Evan Spiegel saying the company will also start to slow hiring in an effort to manage expenses. That's after the social-media company said it's going to miss its own targets for earnings and revenue in the second quarter. Shares of Snap are plummeting in the premarket. JULIE HYMAN: In terms of what's setting the tone of that trading, here are the three things that you need to know right now. Yahoo Finance Live anchors discuss social media stocks tanking premarket after Snap's CEO warned about earnings.

Yfi interactive