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
Bigger worry the back and forth right now on china and whether we really are going to remove those tariffs at 165 billion worth of goods from china that are supposed to take effect on december 15th, now, again, weve gotten mix reads out of that so we really dont know for sure but just a hint of that, it was coming coming from china that they were optimistic that that would be the case, we dont know where the president stands on this, all of this on the same day we had democrats announcing arms articles of impeachment against the president of the United States. Edward lawrence sorting out with the markets, sir. Watching what youre saying, neil, with the announcement from nancy pelosi and heads of 8 committees that negotiate on the democrats side, they were trying to take credit here for usmca, at one point in the News Conference House Speaker says thousand anonstarter deal that she got and turned into a deal thats good standard for all trade deals across the board, the white house pushi
With that in mind, usa today takes a comparison of the house and senate bills on health care. When it comes to the increase of people without Health Insurance, the house bill had 23 million. The senate bill had 22 million when it comes to 22 million. When it comes to decreases in medicaid funding, 844,000,000,004 the house 844 billion for the house bill. 772 billion for the senate bill. The house bill allows for 117 billion and the senate bill hundred 7 billion 107 billion when it comes to funds to the state and insurers. These are just some of the comparisons that are made in usa the senate bill. The cbo score that came out yesterday on the senate bill was released yesterday. The New York Times shows you a series of graphics and gives you some of the highlights from yesterdays release. 22 billion americans that 22 million americans would be uninsured by 2026. Federal deficit would be reduced. The savings could have been even taxer, but the bill repeals increases that the Affordable Ca
Well. Its wednesday, february 6, 2013. Squawk box begins right now. Good morning, welcome to squ squawk box on cnbc. Becky quick is under the weather. Hope you feel better. Joe is off, steve leaseman here, as well. Our guest this hour, Yahoo Finance senior columnist steven kohey. A lot to discuss about the markets. Stocks rallying to wipe out most of the previous session losses. Check out the socalled ear gauge. The vix as we call it, tumbling below 14. Then in the next hour, something a little different on squawk box this morning. Were going to be joined on set by three wellknown names on wall street. Blair ephron, roger altman. And honeywell chief david cody y. These guys . All three have been sitting in on regular Conference Calls with the white house. Theyre among the leaders the Obama Administration is turning to for advice on everything from the deficit to taxes to the broader economy. Then, after we talk to them, theyre going to paint a picture for us, were going to turn to two