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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 di ....
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 ServicesCommittee 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 ....
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 ....