This week Mitipi launched a Kickstarter campaign for its virtual roommate device "Kevin." In just 19 hours the company met its goal of $50,000 in funding. Mitipi's Founder and CEO Julian Stylianou explains why he thinks this device will reinvent smart home technology, and security. "We have a new angle, we are doing smart security differently than anybody else," said Stylianou. He explains this product leverages audio and light effects to deter burglars from entering homes. Stylianou says he hopes to bring this product to consumers in late 2018, and it will cost around $300-$400.

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U.S. Stocks Close Lower After Consumer Prices Jump 8.5%
The major U.S. indexes closed Tuesday off of session lows as investors digest the latest read on inflation, showing it remains hot. Wall Street is also preparing for earnings from big banks and monitoring potential policy moves from the Federal Reserve. Peter Tuchman, a stock trader at TradeMas, joins Cheddar News' Closing Bell and highlighted tech stocks in particular. 'The tech sector, which led us to record highs before the 1st of this year, are now the ones that are leading us lower,' he said.
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