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From todays apple event we start with a major selloff in the financials the biggest driver in the market with the xlf falling more than 1. 3 citi dropping 7 today under pressure that regulators could crack down on the banks Risk Management systems the stock is now down more than 12 in the past two sessions guy . Dan nathan has been talking about this for a while one of the things weve said is todays banks are much different than ten years ago theyve become utilities you have to look at them differently and you have to factor in valuations much differently. Ill say this quickly about citi right...

Good thursday morning, welcome to squawk alley. Stocks did take a leg lower at the open the s p bounced right off of the 50 day well watch that closely but were off of the low levels of the early session. Here is the president yesterday on oracles deal with bite dance stands you said it was important that a u. S. Company buy tiktok. Were going to find out about that were looking at that from the standpoint of bitedance. We dont like that conceptually we dont like that. That has not been told to me yet. That has been reported but not told to me speaking of reporting, david faber has more of tha...

Are still wrapping up a car fire that sparked excuse me a crash that sparked a car fire. Its just off the nimitz freeway the hakan burger offramp from 80 south. Its still close. This is video from the citizen app that shows us exactly whats going on you see that van right there it crashed and caught fire the driver was trapped inside. This is happening right at that hagan burger overcrossing that goes over the nimitz freeway so its not on the freeway, its at the top of the offramp thats why they close it, which means he will not be able to use it you need to dump off early at 66 or past the co...

Expect still ahead. Robin. All right, thank you. John yes, well get to the fog in just a bit but we do have a trouble spot to talk about in oakland, its a car fire that slowing down traffic a little bit we actually have some video coming up from the citizens at the shows us exactly whats happening there check this out you can see fire crews have made it out to the scene and it looks like an xfinity van that was involved in an accident there and caught fire so emergency crews are still blocking this is right along hagan burger next to the nimitz freeway so this is not on the nimitz but its the ...

Provide administrator to provide information about security protocols with chinese behemoth tencent. Meanwhile, bytedance and oracle have tentatively agreed to a deal has to be approved by the Chinese Government, and there is significant confusion about timelines. Lets check in without markets ended the day with senior markets correspondent scarlet fu , leading declines but outperforming all year. What has been happening . Scarlet there was a lot going on and to some extent, you can blame the federal reserve, j powell saying rate will stay at current levels, lower for longer, but investors wer...