An antitrust lawsuit against google, characterizing its search and advertising business as a monopoly. Shares shrugging it off, up 2 well speak to a top analyst about what it could mean Going Forward for big tk and Tilman Fertitta is seeing bright spots in the country. Hell tell us where and why. Power lunch starts right now let me welcome you to power lunch as well take a look at some of the big names we are watching today. Netflix slightly higher ahead of its earning reports, that stock down about 4 . And no earnings boost to ibm, thats the biggest drag on the dow after reporting its Third Straight quarter of revenue declin declines and financials one of the best performing sectors thanks to regional banks, helping the rest of the group kelly. John, thank you we begin with the two big stories out of washington today. Elan has the story but first Kayla Tausche is tracking new developments on stimulus aid reporter today marks the end of the 48hour window that nancy pelosi set to reach
The bell apple, facebook, amazon, and alphabet we will also get results from starbucks, twitter, act vision and many more names. We will bring you all the results as soon as they hit. Analysis as well to help you figure out how what to do with the stock. Speaking of earnings in joel we will speak with the brandnew ceo of tapestry, her first interview since taking the job that stock soaring after getting a beside on sales in china music mike tracking the broader markets, Steve Liesman, and meg tirrell has the latest on the covid emts troo and vaccines mike, talk to us about the comeback we are seeing. A respectable bounce. Coming into the day the market was stretched to the downside after the declines not just of yesterday but the past couple of weeks. We had lost 119 in the s p alone yesterday. We are regaining not quite half of that. 3,200ish is the level just about everybody is looking at. It isnd responding, but definitely not necessarily in a decisive way bond yields up today reall
Retailers feeling zeen netflix drops in earnings after mitting their mark netflix shares plummeting reporting its biggest earnings since it went public it was 19 short of expectations netflix all important was anticipated. Looking ahead to next year, netflix is looking at tough comparisons. Sorry hopeful ho a note the ceos saying in their letter to shareholders that they remain healthy and engagement per member household was up solidly. That was key that means they shouldnt see any downturn with a growing number of other players, including disney, net flicks has its video call and it starts in about an hour. Julia has the latest. With that call getting under way in about an hour we are in the zone we have the stock reaction, shareholder letter is all we have to trade on one highlight to me, tim, was that they expected it. They talked about it before, that there was pull forward from the back half of the year. Why are we so taken aback here because it is a growth story and priced to per
White house and pelosi ibm reported after the close yesterday. Another hopeful update on the vaccine front. Modernas ceo telling the wheat journal his companys account to get emergency use authorization next month. 59 minutes left of trading up just shy of 1 on the s p 500. Coming up todays show, a nearby chopra weighs in on todays google antitrust suit from the department of trust we will ask him whether the government has a strong case against the company. Plus earnings. Netflix, texas instrument, Interactive Brokers and snap all gearing up the report results this afternoon we will bring you all the numbers as soon as they hitting with analysis. We will talk with Interactive Brokers chairman thomas petersfy. Mike santoli is tracking the market action. Ylan moi with the justice diplomats antitrust lawsuit against dealing. And we will constitutes the stimulus negotiations before the deadline to get it done before the election. Mike, start us off on the market a partialal recovery from
Truckers or some other area of transsport that are really the hot spot and the pandemics have been a game changer for video games and have taken upstage 70 over the past year and we have those details. Power lunch starts now thank you, ty the clock is stiticking on what nancy pelosi is the last chance to get a stimulus package now. Ylan democrats are holding a Conference Call right now before she talks to the treasury secretary at 3 p. M he said conversations have been encouraging but there is still a lot of work to be done a few of the issues, testing and its impact on minority community, Child Tax Credit, state and local funding, the census, workers liability and Health Care Providers and thats not even an exhaustive list. Meanwhile, Senate Republicans are balking at all of this majorityleader Mitch Mcconnell said it is heartless for democrats to continue their total blockade unless Speaker Pelosi gets her way. The president has expressed confidence he could bring republicans on boar