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Stocks stumble as Fed begins 'Great Unwinding'

Stocks set to open slightly lower after the Fed signals i’ts on track for another rate hike this year. Yahoo Finance’s Alexis Christoforous, Editor-in-Chief Andy Serwer, Myles Udland and Melody Hahm discuss the big stories of the day.

Today’s topics:

  • Fed’s ‘Great Unwinding’ lifts dollar, yields and bank stocks
  • S&P cuts China’s credit rating to A+, citing risk from debt growth
  • SEC discloses 2016 cyber attack that may have enabled insider trading
  • Tesla, Advanced Micro Devices working on self-driving car chip: CNBC
  • Baidu launches $1.5B self-driving car fund
  • US Calgon Carbon up over 60% on acquisition news
  • Google buys part of HTC for $1.1B to battle Apple
  • Counter-terrorism experts tackle hate on social media
  • GE ends private jet travel for CEO and top execs

What does GE do?
– Oil and gas
– Appliances
– Light bulbs
– I really don’t know