Why the Wells Fargo $2.6B employee class action suit may be bogus

Stocks (^DJI, ^GSPC, ^IXIC) are under pressure, as Monday’s debate looms over investors. Energy (XLE) is still in the green, while health care (XLV) is leading the way down. Keith Bliss of Cuttone & Co. joins us live from the New York Stock Exchange.

To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance editor-in-chief Andy Serwer and Yahoo Finance’s Nicole Sinclair. Yahoo senior correspondent JP Mangalindan joins us from Los Angeles.

5 myths on the economy you’ll hear at tonight’s debate

Get your popcorn ready … the debate of the year is finally here—Tune in tonight for Hillary Clinton versus Donald Trump. The state of the economy is crucial this election cycle, as it is in most. But Trump in particular has played up the notion that America’s greatness is in the distant past. Our own Rick Newman is writing an article about the five myths about the economy that you’ll hear in tonight’s debate.

Former employees sue Wells Fargo in class action suit

Wells Fargo is facing more trouble over its phony account scandal. Two former employees filed a $2.6 billion class-action lawsuit. It’s on behalf of employees, and the suit says they tried to meet aggressive sales quotas without engaging in fraud and were later demoted, forced to resign or fired. No comment yet from the bank, which has already paid $190 million in fines and restitution over creating some two million phony bank and credit card accounts.

How Microsoft became the ‘new’ cool kid on the block

Microsoft is in the spotlight today. The company is kicking off its annual “Ignite” conference for IT developers and clients in Atlanta. So what better time to take stock of the job CEO Satya Nadella has done in transforming a company many critics said had totally lost its way. Nadella has managed to prove those critics wrong and, in the words of Yahoo’s own tech expert Dan Howley, make Microsoft the “Cool Kid on the Block.”