Chips. And, Microsoft Online Game Services hitby by an outage. Dropping amid a tuesday. N big tech the ecommerce giant amazon facing an antitrust complaint from the eu abigail, walk us through the factors dragging stocks down today. Abigail another mix today. Another down day for tech and the nasdaq 100 in particular having the worst two days and months. On the others, other sex is and indexes doing well such as the russell 2000 and other cyclically minded sectors. 4 . Worst slide, down about investors want out of this years stayathome trade. Investors charging forward into the reopening trade. Inout, inout. As for what was dragging on technology, you were talking about amazon. , in a, now down that youn, the eu talk were mentioning. This was the ultimate stayathome stock. If the economy is going to reopen, recover a little bit sooner than expected. Even as the virus numbers are worsening right now. Investors one out of amazon, one out of microsoft. Zoom, these stocks up so much on the
A glitchy start. Microsofts Online Game Service is hit by an outage on the same day it introduces its newest xbox gaming console. We talked to the head of xbox this hour. U. S. Stocks dropping amid a selloff in big tech tuesday. Amazon among those caught up in it, falling as the ecommerce giant facing an antitrust complaint from the eu. I want to get to Abigail Doolittle in new york. Walk us through the factors dragging stocks down today. Abigail another mixed today. Another down day for tech and the nasdaq 100 in particular, having its worst two days in two months. You have other index is doing well such as the russell 2000 and other cyclically minded sectors. Nasdaq down for the second day in a row, the worst slide since september 8. Investors want out of this years stayathome trade. The russell 2000 gaining an alltime high as investors charging forward into the reopening trade. We have seen this playbook so many times this year, inout, inout. As for what was dragging on technology,
Trevor thats right. Corona is blowing up in europe and america again. In fact, its rampaging across the western world so hard that scientists have had to invent new shades of red for the covid maps. Right now the midwest is blood meets fire engine but the east coast is only at pothead eyes. I see what corona did, it waited for us to be distracted by the election and, boom snuck into our lungs. How joey snuck into n sync, they were so focused on the dance moves they didnt realize the bus driver jointed the group. Its gotten so bad even utah is under mask mandate. You know its bad even when mormons are using protection. Thats the bad news. I promised you the good news, too. The news we have been waiting for pfizer said its vaccine candidate was more than 90 effective in early testing. Dr. Anthony fauci called the news extraordinary, he also says there are likely to be other effective vaccines coming soon. The news from pfizer was even better than expected. I would have been very satisfie
Trevor right now the coronavirus is giving us good and bad news, like getting laid at the family reunion. Lets get straight to the bad news. Were passing a staggering 10 million covid 19 infections, the highest in any nation. Past week, 74 americans were diagnosed every minute. Countries across europe are struggling to keep covid 19 at bay. France has reported its highly daily death toll since the start of the second wave, and the weekly death toll in england and wales has jumped by 41 , sur surpassing 1,000 for the first time in june. In utah overcrowding intensive care units forcing the governor to declare a new state of emergency. I am placing the entire state of utah under a mask mandate until further notice. Trevor thats right. Corona is blowing up in europe and america again. In fact, its rampaging across the western world so hard that scientists have had to invent new shades of red for the covid maps. Right now the midwest is blood meets fire engine but the east coast is only at
Cases are stuck. If you go back into lockdown, you will have a revolt. I am more interested in china. We broke the story that they are looking this was reuters they are looking a little more when it comes to renminbi. I did spend a good of time looking this up, on sunday, china clearly said it was trying to push to have a bigger international this means more pboc report. Reutersst report from we broke saying that china will remove a countercyclical factor in the yuan bay point in that direct and may point in that direction. Halt, shelf will its plan to let hedge cut to let hedge funds conceal stock holding. That is a big decision. That is just breaking. Thatll have to see where leads this morning. Futures up six. Dow futures up 20. We will do the data check in a moment. But now, first world news with ritika gupta. Ritika Amy Coney Barrett has been sworn in as a justice of the supreme court. Boothsst of two required administered. Every republican but one voted in favor. Chief Justice Jo