Tech pulls market lower | Bitcoin drops 15% | Target tumbles on earnings

Why Gary Shilling is short Bitcoin. It's 'some sort of a big Ponzi scheme'

U.S. stock futures were lower this morning, likely extending Monday’s sharp losses at the open. The Dow and S&P 500 are at their lowest points of November, and the Nasdaq’s Monday close was its lowest in nearly seven months. (CNBC)

* Cramer: The sell-off can’t end until these 10 problems are fixed (CNBC)
* Once popular tech stocks like Facebook and Apple are now getting crushed: Here’s what happened (CNBC)

Bitcoin dropped 15 percent today to its lowest level since September 30 of last year, according to data from The drop brings bitcoin’s total losses in seven days to roughly 30 percent. (CNBC)

Retailers dominate this morning’s earnings, with Best Buy (BBY), Target (TGT), Kohl’s (KSS) and Lowe’s (LOW) among those scheduled to report. Foot Locker (FL) and Hewlett Packard Enterprise are among the quarterly numbers after today’s closing bell. (CNBC)

* Lowe’s beats earnings, revenue expectations (CNBC)
* Target shares tumble as earnings miss the mark but retailer reiterates 2018 forecast (CNBC)

On the data front this morning, the government will be out with October housing starts at 8:30 a.m. ET, with consensus forecasts calling for a 2.4 percent increase following September’s 5.3 percent decline. (CNBC)


A judge temporarily blocked an order by President Donald Trump that barred asylum for immigrants who enter the country illegally from Mexico. The order takes effect immediately and lasts until at least Dec. 19. (Reuters)

Ahead of the Thanksgiving holiday this week, the Pentagon sent nearly 52,000 pounds of roasted turkey to American troops stationed on the U.S. border with Mexico and around the world. (CNBC)

CNBC has learned Rep. Beto O’Rourke, who became a Democratic superstar during his competitive but ultimately losing campaign against Ted Cruz, is being prodded to make a run for the White House or Texas’ other Senate seat in 2020.

The White House dropped its effort to revoke CNN correspondent Jim Acosta’s press credential, while implementing new restrictions on journalists covering President Trump and other White House officials. (CNBC)