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,
I like the sound of that. Were admitted during a sixyear mike is keeping his eye on the period. New for you that morning Southern California parents are taking legal action against a School District saying that the commute. Distance learning is not yes, nice, comfortable temperatures but a few more engaging. Nine parents say during the drifts of smoke coming back in. Pandemic the los angeles unified School Districts plan for that means the north bay as well Distance Learning not meeting the states standards. As the east bay. They say theres a lack of it will still be good for much instruction with teachers and of the peninsula and the south bay and down to the coast. Some students cant connect with the online platform. One mother says all she wants is we are going to see our testimony cooler than normal for her child to get the support she needs. Especially in south bay some low and i wanted to make sure she will be engaged from 9 00 to 70s for oakland and then we head over to the inla
More about all of this coming up reporter the president s in the forecast. Refusal to agree to abide by mike, whats new happening in Election Results and leave office. You are not in russia, mr. The commute . Kari, over at the bay bridge a quick look there. I talked about the backup just president. You are not in saudi arabia. Starting to form. You are in the United States of its gradual on a friday. America. It is a democracy. Slowing on the incline as well, President Trump, you are not likely having metering lights any second. As we look at the approach on a dictator, and america will not the maps no problems through contra costa county. Permit you to be one. Slowing across the span shows on reporter the senates top those sensors. Republican tweets there will be slowing the same pattern an orderly transition. Yesterday so finally back to the peaceful transition of power recovery after the earlier crash in question the highest honor on 580. Checking out the san mateo for the longest s
Confidence ticking lower in november though still largely positive. Joining us for the hour is mark tepper from Strategic Wealth partners mark, welcome. Thanks for having me. Even as i just went through those different points that are driving the action today, weve got records again for the dow and the s p, albeit just barely. Right, yes. I mean, all investors are pretty much still riskon and whats most surprising to me is you have this news coming out of china where china is potentiallily bay lbalking at ae deal, but were at a new alltime high. The market has shifted from one of economic deflation to policy reflation and thats typically good for stocks, right a low inflation, Slower Growth economy is good for stocks over the next six to nine months, now would not be a good time to be underweight equities. You want to be pathetics right now. Is the trade deal priced into this market . I think completely, almost fully priced in right now. I think weve seen quite the runup over the cours
The dow industrials up just a few points at the opening bell, 11, maybe, but look at that level. Back to 28,000. Modest small loss, small loss for the s p and also for the nasdaq. So look, everybody, sit back, you are going to watch financial history. History being made in hong kong, too. Sure looks like open rebellion. The street fighting has escalated. Police besieged one of the Main University campuses which they say was being used to make weapons. A Police Officer was hit by an arrow. Ominously, the Peoples Liberation army, chinese troops, in plain clothes, appeared on the streets on saturday. That was taken as a grave warning. Add all this up, it is beijing versus the people of hong kong, communism versus democracy. It is a bloody fight and it is not over. In the United States, the democrats want to remove this president from office because of a phone call. Varney company is about to begin. Stuart okay. Lets talk stock market, shall we . Dow closed in record territory friday, abov