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,
Miss the mark. Joining us for the hour, stephanie link from nuvine what do you think is driving the action right now, if the calendar is so devoid of data points so much for a slow day today, right . You had boeing you had over the weekend, china, small stimulus, which i dont think got a lot of press, it should have. And the data was okay. Durable goods can be explained away from boeing for the most part new home sales, up 17 year over year i think thats good. Chicago fed at a twoyear high i think theres enough momentum between now and the end of the year to kind of continue to see green days maybe we tail off a little bit at the end of the year, but i think well continue to see green days into the end of the year were on a nice streak so far. Lets dive into the biggest story of the year, that is boeing our phil lebeau has the latest on that. Hi again, phil hey, carl Dennis Muilenburg was fired after the board met over the weekend. The decision was made sunday night. And this was not h
Well have the details as we know them on that announcement and the timeline of how it all went down. Plus apple revealing its new lineup of smartphones and devices. The surprise move for the next iphone and how the tech giant is planning to compete with netflix. Taking aim at the rich, Elizabeth Warrens latest attack on the wealthy. What might all mean for you and your money. Melissa fox Business Team coverage. Gerri willis on the floor of the New York Stock Exchange blake burman at white house, Jackie Deangelis in the newsroom. Lets kick it off with blake. Reporter hi, there, melissa, one of those days at the white house. President trump set to meet with republican leadership. Congress is back in session. A whole host of issues. Among them, passing the usmca, Gun Legislation and spending bills they have to take up. The headline at the white house for the last four hours or so, the he said, he said, between President Trump and former National Security advisor john bolton. The president
It is inside the government which is mindbending. I think that is a differentiating factor between the folks on our teams and any other team. They are coming in to do this not because they get to put the white house on the Business Card where they get to make tons of money because they are usually taking a pay cut to come into government, but they are not shabby salaries. They are coming because they want to make a difference in the lives of americans and want to work on things that matter. Those of the type of people we are looking for. They tend to find us because of your looking to have an impact, there is no better place to be working than the United States federal government. Hillary we are really looking for people that can have empathy. And that they for the people they are building the services for, the people working across from them. For thateally screen sense of mission driven, impact driven person. Absolutely, we are screening for a certain skill set and certain level of sk