I see Energy Leading the way welcome just like tyler said, tech is lagging the Broader Market right now. You can look across the sector board behind me. Financials down only 1. 3 . Look at technology its the worst performer down 5. 6 today even as the nasdaq hit a record high yesterday, its not just the big cap tech stocks selling off. The momentum names have been struggling for a lot of this week already take a look at zoom. The stock is up nearly 500 this year the this amounting to a pretty big pause. Same story with tesla. Its down 18 . Finally docusign is down about 10 . About 8 today 10 in two days and it reports earnings after the bell. Well have more on that in a moment first, lets get to bob for more on this market sell off today. Bob. Youre right, kelly this is largely momentum driven. Not external news events around the economy or vaccines like that the news has been positive let me show you the momentum etf. These are the Largest Holdings in the momentum etf. Look at stuff t
Find out soon. Good evening, everybody, all that and much more ahead we start with some breaking news on nikola. Shares are down in the after hours, following a big up day. Bloomberg reporting securities and Exchange Commission will exam over the stock selling fraud and allegations, stock down 7 . Youre response . Again, i cant speak, i said it last week, i cant speak to the voracek asity of the shore seller report, acquisition of fraud, i have no idea, but what i stand behind, despite how the gm is structured, whether their investing money, the fact that gm would link their wagon to nikola and if these acquisition prove to be correct, i think the real deleterious thing could happen with shares of gm, in my opinion, potential for exponential move and gm perhaps didnt do the homework others did. Thats my primary concern looking at this entire situation. Tim, to be clear on the story and were trying to get phil up here any moment, you know, Trevor Milton said the other day were going to
Good morning, everybody welcome to squawk box on cnbc. Im becky quick here with joe kernen and Andrew Ross Sorkin. A gain of just over 1 the dow now at 25,000. Now the dow is indicated up 162 points the nasdaq closed at its highest day. Now about 2 from its alltime high thats the run youve seen since the lows back in march treasury yields. Theyve ticked a little higher the 10year looks like it is yielding 0. 75 crude oil prices yesterday, crude was up about 4 percent on this expectation that opec plus especially russia will extend those cuts put in place that was good for 4 as seen yesterday. Crude up by 1 to 37. 16 all of this against a tricky back drop. It is powering higher well talk to a lot of folks that will help us through this the need for Solutions Former white house and ceo of j j and they have big news on all of this. Getting an update of what has gone on. Reporting a day of mostly calm in washington, Late Afternoon in st. Paul, staging the protesters protesters ran past the
Book, black waves, memory in the middle east. I spent the weekend reading it, i didnt quite get through it. I couldnt put it down, so interesting. If you havent read it, after this evening youll try to get the book if you havent already, but i would urge you to read it. Absolutely fascinating. Very wellwritten and wellresearched, theres a narrative flow to it and its very troubling, i have to say, but thats the purpose of the book, i think. I would like to announce, unfortunately, that our event in two days with ambassador dennis ross who is another expert in the middle east, is unable to come to college station. He had a family emergency and so his lecture wednesday evening will be postponed till later. Kim ghattas is an Emmy Award Winning journalist and writer covered the middle east for bbc and financial times. She reported from iraq, saudi arabia, syria, lebanon, and she covered the war between israel and hezbollah, earning an emmy for International News coverage. Shes also a repor
Good evening. Im andrew, the director of the Scowcroft Institute of International Affairs at the bush school of government here e at texas a and m. University. I would like to welcome our special event this evening with kim ghattas who is going to speak of the recent book, black wave saudi arabia, iran and the fortyyear rivalry that unleashed collective memory in the middle east. I have to say i spent the weekend reading it. I didnt quite get through but i couldnt put it down it was so interesting. If you havent read it after this evening you can get the book if you havent already but i would urge you to read it to be at its fascinating and very wellwritten and very well researched. There was a narrative thats very troubling. I would like to announce that our event with ambassador dennis ross is another expert in the middle east is unable to come to college station. Hcollege station. He had a family emergency and so kim ghattas is an awardwinning journalist and writer covered the middl