Thats dragging the market lower, the socalled momentum stocks that saw so much selling in february. Seeing it again. The amazons, the netflixes, the pandoras, tes larks you name it. They are heading lower today. Yeah. The question still becomes is there something bigger going on here, or is it just about the individual stories . Speaking of which, after the bell, it may be the battleground stock, creating more disagreements among investors than almost any over. Talking about herbalife, reporting earnings after the bell. Results and analysis when it hits. Shares today up 2. 5 . And the heat being turned up on Los Angeles Clippers owner Donald Sterling. Several sponsors now have dropped his team after alleged racist comments were made public this weekend. Will he be forced to sell the franchise eventually . Well be speaking exclusively to legendary attorney bob bennett. One of the great power players in washington history. He represented president clinton. He also represented the late ma
Government as actively working to address the cyber attack. While the president himself, hes not saying too much about edge. The president elect sure is. They are sending mark sounding the alarm. It is a great risk and it continues. He says he has no reason to believe a recently discovered cyber attack is under control. This is happening on Donald Trumps watch. When he wasnt watching. In addition to addressing, they also say honkers ask us dozens of email accounts and the Treasury Department and the systems used by the highest ranking officials ranking officials. I dont think we have seen a hack of this level of sophistication this broadly attacking both public agencies and private sector companies. Its unclear if treasury secretary Steven Mnuchins emails were targeted when he said monday, he thinks things are under control. The good news is there has been no damage nor have we seen any large amounts of information displaced. Last week, the president S National Security advisor cut a e
Overshadow jobs. Retail sales for november. Expectations are for an increase of 0. 6 . This gueives us a very good ide of whats happening in the early shopping season. Ahead of those numbers, the futures right now are indicated lower. You can see right now those dow futures down by 16. 5 points. S p futures off just over 2 points. And on the earnings front, lululemon is expected to record at 7 00 a. M. Eastern time. The expectations have been for 41 cents a share. This after the ceo was forced to step down after making comments about the pants arent made for everyone. Shares of lululemon right now, down about 6 cents. Lets get over to andrew with more of todays stop top stories. Good morning. Thank you, becky. As joe was mentioning earlier, Hilton Worldwide will begin its first day of trading. Hey, squawk box. Thats hot. Thank you very much. Youre pricing at 20 a share. Thats the high end of the expected range. The offering raises more than 2. 3 billion and its trading under the symbol
Tonight. Fraud and potential criminal conduct were at the heart of the financial crisis. More than four years later. No one going to jail, no individual is being held accountable. Th is totally about what went on on wall street. Frontline investigates why no wall street executives have gone to jail. The fbi wasnt aiming high enough. There was a definite sense that justice backed off. Did the government fail . Martin smith a number of people told us that you didnt make this a top priority. Well, im sorry if they think that, because i made it an incredibly top priority. So youre telling me that not one executive on wall street committed provable fraud . I mean, i just dont believe that. Tonight ofrontline, the untouchables. Frontlinis made possible by contributions to your pbs station from viewers like you. And by the corporation for public broadcasting. Major support for frontline is provided by the john d. And catherine t. Macarthur foundation, committed to building a more just, verdan
Incredibly top priority. So youre telling me that not one executive on wall street committed provable fraud . I mean, i just dont believe that. Tonight ofrontline, the untouchables. Frontlinis made possible by contributions to your pbs station from viewers like you. And by the corporation for public broadcasting. Major support for frontline is provided by the john d. And catherine t. Macarthur foundation, committed to building a more just, verdant and peaceful world. More information is available at macfound. Org. Additional funding is provided by the park foundation, dedicated to heightening Public Awareness of critical issues. And by the frontline journalism fund, supporting investigative reporting and enterprise journalism. Although this downturn started in the housing sector and in the financial sector, youre seeing a lot of things being hit. Todays numbers suggest job losses are accelerating. Thats the biggest loss since 1974. The unemployment rate. Narrator in 2009, wall street b