At tray Glen Astrazeneca on the defense after critics say it failed to give an update on patient data on the vaccine trials. Futures after markets were closed for the thanksgiving holiday, they are in the green as you can see, dow jones 54 in the premarket. Weve got a lot to talk about today with wall street. Were going to have a half trading day today, markets closing at 1 00 p. M. Eastern time some good news to show you, nice gains there, the nasdaq is in record territory as the dow is looking to crack 30,000 once more today after the index crossed the milestone earlier in the week. Ruling on religious restrictions, the Supreme Court telling new York Governor Andrew Cuomo he cant put a capacity limit on houses of worship. Were on this story today. Plus, it is black friday, its going to look a little bit different. Retailers going with the shift to online sales as brick and Mortar Stores are rethinking foot traffic this year. Mornings with maria is live right now. Its a brandnew day.
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
Next the director of the federal Housing Finance agency testifying on housing and mortgages during the coronavirus pandemic. House Financial Services Committee Members asked him how his agency is handling the rice in foreclosures and forbearances as well as the operations of fannie mae and freddie mac. The hearing runs over three hours. The committee will come to order. Before we begin, i want to remind members of a few matters including some required by the regulations accompanying House Resolution 965, which established a framework for Remote Committee proceedings. First, i would ask all members to keep themselves muted when theyre not being recognized. It will minimize disturbances while members are asking questions of our witnesses. Members are responsible for muting and unmuting themselves. The staff have been instructed not to mute members except when theyre not being recognized and theres background noise. Members are reminded that they may only attend one remote hearing at a ti
Hearing will come to order. I welcome everybody to this hybrid hearing. Both Ranking Member mister heiss and myself have wanted to have hearings resume in person. Especially when we are in session i made a promise to mister heiss that i would fight for that and today is the fruit of that effort i believe when we were in session, to the extent possible, protecting everybodys health and safety, we can and should be meeting like this. At least in hybrid form those members who are not comfortable or who physically cannot join us in the hearing room are more than welcome to join us through the web. We are happy to have them. We ask everybody, when they are not speaking, to wear a mask that is the guidance and the capitol hill position. That is the guidance of the chairwoman of this committee. It protects everybody i really appreciate that cooperation. Let me see. For members appearing remotely, just a few reminders before i get my Opening Statement. House rules require that we see you so pl
Do we ask everyone to turn on their cameras . Were getting ready to get started. The hearing will come to order. I welcome everybody to this hybrid hearing. Both ranks member mr. Hysse and myself have wanted to have hearings resume in person especially when we are in session. I made a promise that i would fight for that, and today is the fruit of that effort. I believe when were in session protecting everybody, those who are not comfortable or physically cannot join us in the hearings room, are more than welcome to join us through web i no noor. We ask everybody when they were not speaking, to wear a mask. I really appreciate that cooperation of for members appears remotely. House rules require that we see you, so police have your cameras turned on at all times during the course of the hearing. If they can let us you can use the chat function to send a request. And if that doesnt work, you can unmute and seek recognition. These arent ideal circumstances, but we are in the midst of a pa