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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 ....
More details coming this week on each of those offerings and content buys as a crowded space competes over hit shows like seinfeld and the Big Bang Theory not to mention their own original content joining us to discuss, lara ipho and laura martin good morning, guys, good to see you. This is getting crazy. The price tags for some of these shows that are decades old is this a reasonable chase of content right here its war, and war is on were seeing just the only skirmishes theres going to be war on content, billions of dollars will be spent. Distribution, the studios against the Tech Companies everyone will go and shoot against netflix with its 150 million subs, 190 countries, distribution, its a war of attrition. How are we going to know who the losers are i think we know who losers are because the marginal price of streaming services is free. Apple is going to give you a dev ....
There was some faint on tow mission over traden which turn helped ease some of last weeks recession. Overall it did have a much different feel from what we experienced last week which had intense the dow was up 229 to close above. 26,0 nasdaq added 150, s p gained 34. Its only monday. Even though were in the dog days of summer, this will be anything but quiet. Bob pa san any stocks off in the new york stock exchange. We have had quite a rally over the last couple of days. The dow has moved up roughly 800 toints since thursdays bottom. Stocks bd precisely when the ten year treasury bottomed at 1. 47 . Yields came off their lows, so market. Stock that shouldnt be too surprising since stocks were movin in tandem with bond yields all month. It can be tied to savings, fears of a possible recession in 2020, a point president Donald Trumps advisors made overheweekend. High hopes for u. S. china relations are adding fuel to the rally after ....
Sort of waiting for it. We got it today. Very interesting, and a lot of this comes from some of the overnight data we got overseas, like you mentioned from china, and then the u. K. And from germany, and of course now here in the u. S. Markets deteriorate in the last hour or so. David we come back to the same question again and again. Is this a projection of future growth, or or of a position where people need to put their money somewhere and drive down yields as a practical matter . Taylor lets get a quick data check. It is all about bonds today. We talked about futures here after what was a really good day yesterday, deteriorating this morning. Off about 1 or so. Ns is back in positive territory. German tenyear now at a 64 basis points. You wonder what the ecb does next. When we look across asset for the safe haven plays, for me it is all dollaryen. We have again continuing to strengthen. Handle is something that catches my eye. Gina we are joined by martin adams and vince cignarella ....