good tuesday morning. welcome to squawk alley. jon fortt s on assignment. he s headed out west. a bunch of big names on that guest lit starting tomorrow. we ll hear from steve ballmer, and a lot more over at code over the next couple of days. in the meantime the dow is down 32. amazon broke through to $1,000 for the first time ever as tech stocks continue to rally in the first six months of the year. bertha coombs with the latest. hi, bertha. amazon stocks helped lift the stocks to a new high. they have helped large cap fund managers achieve outperformance to the overall market. they ve really sort of caught up in that area. active fund managers are now about 24% overweight in large cap tech. that s the largest overweight they even been since 2008. it doesn t hurt that amazon and fail bet are at all-time highs. facebook has been a little laggard in this group, near 8% gains with other fang members. apple, they don t really touch on, but coming into this month, ubs noticed
responsible for the underwear plot to bring down a plane over detroit. a closer look at the man u.s. officials call the most dangerous terrorist alive and remembering te anna man square thousands take to the streets of hong kong for a vigil good evening, i m antonio mora this is al jazeera america. we begin with tensions escalating further in ukraine. u.s. defense secretary ash carter said the situation with russia has taken a sad turn. tomorrow he will meet with n.a.t.o. officials in stuttgart germany to discuss the cries circumstances and ukraine s president holdities military to prepare told his military to prepare for a full-scale invasion from russia. charles stratford has more. reporter: it s been months since hospitals like this in ukraine had to treat so many soldiers. these men were injured in the escalation between fighting between the ukrainian military and separatists on wednesday. translation: over the past 24 hours, five seriously wounded soldiers were
still gripping, isn t it? varney & company is about to begin. all right, we do deal in money on this program on occasion, we do. look at this, the dow is going to open flat or lower, doesn t look like much reaction if any to the election results. the big deal for investors today is janet yellen. will she raise rates today. will she suggest rate hikes? that s what the market is waiting for, at 2:00 eastern this afternoon. now, oil, it s up, i believe, yes, still up first time this week. big oil meeting next week, but iran will not be there. there will be no drilling off the atlantic seaboard. oil 36.97. now, we re following this, two hours from now president obama will announce his supreme court pick, that will be around 11:00 eastern time. the two likely nominees are washington appeals court judges sri srinivasan and merrick garland. this sets up a huge fight in the senate and on the campaign trail. at 11:00 we ll find out which of these candidates is president obama s no
and we begin tonight with a plunging price of oil. good news for consumers. here in the u.s., but the price of oil is hammering economies like russia that dependent on an oil communicate. financial markets, dow down about 100 points today. gas prices are the lowest in about five years. aaa says average is $2.69 a gallon down 32 cents since last month. jonathan betz is here with more. jonathajohn as you just ment, it s now $2.66 a gallon down a dollar since april. europe imports most of its oil. it s also seen a big drop, 74 cents in just a month. after weeks of rising prices russia s gas has already dropped but no more than a quarter in the past few weeks. china economy has been helped, gas down nearly 70 cents there. gas prices are dropping so fast it s caught many by surprise. american drivers are rejoicing this holiday. i m liking the gas prices. it helps on my wallet and helps me save some money. reporter: while many others are growing. oil prices are dropping like
looks set for a landslide victory in this weekend s election. uber waits to hear if one of its will be babbed as global expansion blocks hit a number of roadblocks. announcer: you re watching worldwide exchange, bringing you business news from around the globe. and we have had the iea oil market come out in the last couple of minutes. some headlines from that, they said the sell-off in oil gained pace after the opec meeting on november 27th after they decided to keep its output target unchanged. of course, we knew that already. they say the outlook for global oil demand pore 2014 has been cut by 50,000 barrels a day. also saying the strong dollar and the listing of subsidies have so far limited price effects on demand. while in the last month or so, we ve been focusing on the opec meeting citing weak demand and the strong u.s. dollars as reasons for this oil price, overall, they say surge in nonopec supplies to its highest growth ever and a contraction to demand gro