House democrats accuse apple, google, facebook and amazon of abusing their market power and that Congress Needs to rein them in. Eli lilly asking the fda to authorize emergency use for its experimental covid19 antibody cocktail those shares are rallying ahead of the open. Jim, markets trying to do a bit of a reset now as goldman weighs in this morning and says airline stimulus likely, further ppp probably not likely. What are we . Well, i mean, i think that the market went down after what the president said the president was talking about market hitting new highs and the only person that was sending them down was him. I think he does react. I think it is probably, youre not going to get that, say, listen, the dow was down, there is really in other reason. He completely dismissed Speaker Pelosi i dont know what he did with what secretary mnuchin was speaking about, whether there were phone call going on and they were irrelevant obviously he addressed the fact that the senate was interes
Targeted aid maybe, perhaps as much as 25 million for airlines we have details on that. Later, a democraticled house panel calling for a crackdown and breakup of the countrys biggest tech companies. The chair of the antitrust subcommittee will join us later this hour as power lunch starts right now tyler, thanks welcome to power lunch. Im kelly evans. Were digging through the fed minutes just released. In the meantime, take a look at whats leading the rally its consumer and consumer discretionaries. The house panel is going after big tech its a mixed bag but apple and amazon both up more than 2 . With markets rocketing back after the late day drop we saw yesterday, stimulus back on the table. Bob pisani has more on what were seeing here. In fact, were at the highs for the day. Were on light volume again. The volume tends to be lighter on up days than down days recently thats a sign the pain trade is to the downside. Sectors tends to be the cyclical names here banks, industrials, materi
Remains complicated. Domm is watching what were seeing in todays trade. What is behind the surge today its about the tweets its about the idea that we could see some form of stimulus, although not the massive one youre going to see that happen and im going to show you the charts here over the course of the past two days, and 24 hours. This is the twoday chart. We kind of started yesterday right around here. You can see as we can move into the session, we have just gotten back everything that we lost and a little bit more over the course of the last 24 hours or so so, again, this move here higher and i can tell you word actually happened and positivity returned take a look at the 24hour chart of dow futures as things have moved, remember, a steep drop yesterday going into the closing bell and we were much in negative territory throughout the overnight session until just around 10 00 p. M. Eastern time thats when President Trump started tweeting out this notion that he could put out ther
Twitter, defending how they moderate content on their social media platforms. Some senators not buying it at all. Well bring you the latest details. Meantime, kelly. Tyler, thank you very much. Weve got all the big stories covered for you today. Bob pisani is watching this big down day for stocks. Meg is tracking the latest spikes in covid cases and ylan mui on this tech hearing on capitol hill today lets start with you, ylan reporter well, kelly, there was a lot of Political Drama during this hearing today but also an important discussion about election security. With all three ceos acknowledging that other countries are trying to interfere in our election, and theyre trying to do it on their own platforms. We do continue to see interference we recently disclosed actions we took on both russia and actions originating out of iran. We do continue to see coordinated influence operation items. Weve been very vigilant we appreciate the cooperation we get from the intelligence agencies and
The breaking point when the robots are finished, i feel comfortable plus, meet the hightech viruskilling robot fighting covid19 announcer live from cnbc global headquarters, the facts, the truth, the news with shepherd smith. Good evening with four days until the election, joe biden and President Trump are on a final Campaign Blitz, crisscrossing the midwest as politics and the pandemic collide headon in the heartland of america the candidates holding dueling events where covid hospitalizations are at record highs. And patients are overwhelming some hospitals heres a look at where theyre campaigning today. Biden also making it to des moines, while the president is near detroit. And they have a very busy weekend ahead. Tomorrow, biden and former president obama will Campaign Together in michigan, flynt, and then detroit President Trump spending saturday in mustwin pennsylvania, with three rallies across that state. Now, a live look in rochester, minnesota, where the Trump Campaign plann