First lets go right to bob pisani for more on the market selloff today. We are off the lows but just barely 3366 was the low today, 3381 right now. Lets not quibble about a few points the damage is pretty widespread, but the general theme is cyclical stocks and stocks most associated with reopening stories are having a tough time of it. Energy, oil down about 3 at 1 , banks, which had a good time last week not starting off the week well, industrials, another cyclical group and defenses will sectors like utilities and staples all down sap dropped as much as 21 over in europe here they cut their revenue forecast for the full year they expect a fresh wave of lockdowns to hurt demand through the first half of 2021 first off, first half is alarming but just the idea that general airically t general ai generically, people are betting its a broader more than stock specific so we have no stimulus right now of any term, near term, long term, any term we have a reopening story thats going rather
Im Catherine Heenan Vicki Liviakis has the night off. The video shared on social Media Thursday shows the woman calling the Asian American worker a derogatory term upsetting other customers kron fours dan thorn talked to the man who shot the video. He joins us live in los altos tonight with more dan. Well Catherine Grant this man tells me that he was angry by what he was seeing and what he was hearing. This woman say to this post office worker. The woman was already out of line for yelling at this woman, but then she used to racial slurs and he and other customers in the post office jump to this workers defense. And a now viral video a racist outburst is caught on camera in los altos its like the 30 year the woman in the video during her angry rant pearls and antiasian slur at a post Office Employee. Wall i didnt think it would escalate swear was about moving to time but then. She was just she started cursing i was like ok here we go its not acceptable huyler brumfield is the man heard
U. K. Announced it will reverse its decision to work with weiwei on monday the country announced it will move to ban the tech giant from its 5 g. Network by 2020 summit Rachel Blevins joins me to break this all down rachel whats what are you paying officials saying about the move where you the u. K. Is quarter secretary was the one who made the announcement and he said that not only will the country not be working with wall way to establish its 5 g. Network but it also plans to Ban Companies from purchasing equipment from wall way by the end of this year take a listen to what else he said earlier the government agrees with the National Cybersecurity sense advice the best way to secure networks is for operators to use the new 52 to one way to prevent to build the new case future 5 networks so to be clear from the end of this year Telecoms Operators must not buy any 5 to equipment from her wallet and once the Telecom Security bill is passed it will be illegal for them to do so. Now this
Only will the country not be working with wall way to establish its 5 g. Network but it also plans to Ban Companies from purchasing equipment way by the end of this year take a listen to what else he said earlier the government agrees with the National Cybersecurity sense advice the best way to secure networks is for operators to use a new way to prevent to build the u. K. s future 5 networks so to be clear from the end of this year Telecoms Operators must not buy any 5 to equipment from her wallet and once the Telecom Security bill is passed it will be illegal for them to do so. Now this is a major change from what we saw back in just january when the u. K. Said that it was going to work with wall way on a more restrictive basis where the tech giant was able to have access to up to 35 percent of the u. K. s network theres been a lot of back and forth with many countries but especially with the u. K. Like you said with this reversing of the decision why now what changed while theyre go
Use a new way to prevent to build do you taste future networks so to be clear from the end of this year Telecoms Operators must not buy any 5 to equipment from hallway and once the Telecom Security bill is passed it legal for them to do so. Now this is a major change from what we saw back in just january when the u. K. Said that it was going to work with wall way on a more restricted basis where the tech giant was able to have access to up to 35 percent of the network theres been a lot of back and forth with many countries but especially with the u. K. Like you said with this reversing of the decision why now what changed while theyre good ally the u. S. Has been pushing for all of its allies to also be on the wall way for more than a year now and the u. S. Has gone as far as to say that it would cut off intelligence sharing with those allies. Based on National Security concerns now when it comes to the u. K. That would be a really big deal considering the fact that both countries are