Scheduling and managing events using Outlook.com calendar
What is your time scale? Outlook will try to start with work hours (or current time), but if there is room for more tome, Outlook fills the space with the morning hours first, then evening. If you use 1 hour scale, it's almost always going to start at midnight unless the calendar window is short. Try using 15 or 30 min scale instead.
If your monitor is tall or is hi-res, and it still shows too many hours, don't open Outlook at full screen.