Tweet me jim kramer the worst hit, tech especially the cloud plays that were roaring hard not that long ago. They were crushed and the worst part, i dont think that the selling is over. Yeah, anything that helps enterprises harness the power of the cloud had been on fire coming into todays session along with anything related to streaming content and thats because of the wildly successful disney plus, the new over the top service. Theyve been the big winners for several weeks ever since nvidia and splunk whats driving this new found weakness and how long will it last isnt that what you want to know im going to walk you through all the reasons so you know whats ahead first, its the beginning of a new month, right almost every new month especially after a very big run we get a period where large funds decide to take something off the table. Not a dumb idea. Given that no one was expecting this selling, witness the clueless pajama traders as of last night and this morning who were still bu
Believes only one thing will work whether it comes to the rogue nation. What could that be . One week after the massacre in las vegas, investigators inching their way towards getting into the head of the killer. Brand new details on where the investigation stands right now. Cheryl first get back to your markets. The dow falling further into the red in the last hour of trading. Nicole petallides on floor of new york stock exchange. What are some bigger movers today, nicole . What we saw a little bit of a selloff. Not a record close put we hit records on dow and nasdaq by end of the dow. Dow jones industrial average was down 4 going a into the bell, a new multiyear low. Gone are the days of 60 bucks in year 2000. A couple of news. Trian cofounder was named to the board. The actual news was cfo is stepping down, jeffrey bornstein, very wellliked. He announced that on late friday. Effect irv on december 31st. That weighed on morgan stanley. Nobody likes surprises or risks. Walmart higher.
Package to cover preexisting conditions that the deal with the higher Premiums Associated higher risk pool of potential patients whether that, a, will be enough or b, if you think about it, ends up being a slightly less omnibus Government Program than the one it replaces. It will still be big and will still be eyepopping but not be the Affordable Care act. That is one thing that republicans zoom to be united on, anything to replace a measure that the replacement itself might not be all that much cheaper. Adam shapiro with the very latest. Rolling out how this vote could go. Adam . Reporter were very close to the vote taking place. The live puck ture from the floor of the house of representatives. Debate has been underway for about an hour it has been heated at times. We expect a vote to begin at 1 00. The guidance from the majority leader kevin mccarthy, the representative from california. We expect the vote about 1 30. Louie gohmert from texas says it will be tough. 216 is the one the
They will vote later. Investors are looking beyond obamacare, theyre looking to tax cut. Whichever way obamacare goes, they want to hear the tax cuts and the schedule stays in place. Thats the president s priority. Hes saying get on with it. Look at this. Investors like it, it was shaping up to be the worst week for stocks since the election, but we will open up this morning. This is it. No more negotiating. The vote is today. Varney company is about to begin. If you cant get phase one through, do you think phase two is going to happen or phase three is going to happen . Stuart. Stuart its you that thinks its bad policy. No, its not. Looking at things that Members Congress are looking at. I respectfully and strongly disagree with you. Stuart come to the point now ladies and gentlemen, and vote on it. It might not happen on stuart varneys timeline. Im becoming the most unpopular guy on the program. Everybody was ganging up with me because i said vote on it and get on with it. Now, Presi
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