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Markets Sink After Election Results

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  • Description

    FBN’s Nicole Petallides breaks down the stocks moving the markets.

  • Duration 1:24
  • Date

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This transcript is automatically generated

The big bullet.

This is is Obama selloff is it not -- down 242 -- barely holding at thirteen thousand we're gonna get more taxes more debt market doesn't like it but Obama sell -- down to 43.

Apple shares lower today all right Nicole.

Down about fourteen is thought -- reason -- that.

This -- going on here with athletes you know around 565 so it's nowhere near 700 boxes -- Back in September a couple of things.

Foxconn where over in Asia where they -- I -- number one just saying that that they are not able to meet.

The quality standards the shipment request the demands.

Of Apple's so basically apple wants a lot.

And -- stop.

-- can't deliver that -- a huge problem of supply and demand we've heard.

Tim -- saying last weekend that they sold a record amount of the eyes of the iPad -- launch was record setting.

They can't meet the demands and so that as we approach the holiday season that is going to be a factor in the meantime the shares here approaching bear market territory writing black vote.

From that 700 dollar mark that we saw in September and -- it's about your apple and you want more -- getting.

You down -- 150 points on apple -- -- I have just a few weeks ago trying to call to the big board would down 248.

Points up which is below thirteen thousand this is -- Obama's.

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