China smacks down Apple

Stocks (^DJI, ^GSPC, ^IXIC, ^RUT) are paring early losses, but tech remains sharply lower. Keith Bliss joins us live from the floor of the New York Stock Exchange to discuss the markets.

Joining Yahoo Finance's Alexis Christoforous to discuss some of the other big stories of the day are Yahoo Finance editor-in-chief Andy Serwer and Yahoo Finance's Melody Hahm.

New iPhone scam

Watch out iPhone users—There’s a new scam out there. It’s a phishing scheme that sends a text message to your phone saying your Apple ID or iCloud account needs updating and if you don’t the account will be terminated. When users click the link, it redirects them to a site asking for personal information. According to Apple, they would never send requests like this, and the interactions will most likely occur inside the iTunes app or Apple ID account themselves. You might think these things go without saying, but it’s easy to let your guard down when you're on your phone.

China shuts down Apple iBooks and iTunes Movies

And, more bad Apple news. China just shut down Apple’s iBooks and iTunes Movies services. The action is particularly bad for the industry because Apple had made more progress penetrating the Great Wall than any other tech company.

Women lose more sleep over financial issues: report

Have you ever lost sleep over money? If so, you're not alone, as 60% of Americans report losing sleep over a financial issue, according to a creditcard.com poll. Most of those losing sleep are women—68% of women lost sleep versus 56% of men.

Cheerios criticized for Prince tweet

Finally, the passing of legendary musician Prince has led to some companies paying tribute to the star in good and, perhaps, bad ways. Cheerios put up a purple "Rest in Peace" tweet with a Cheerio dotting the "i," then pulled it down after a chorus of twitter users called a crass ploy to sell cereal.