r t correspondent ashley banks thank you so much for your time.thing stocks took a big hit on monday following the news of those antitrust investigations in the talks on capitol hill on whether the biggest tech giants need to be broken up facebook amazon netflix and google's parent company alphabet lost nearly $130000000000.00 in market cap collectively on the news these stocks however did make a bit of a comeback before market close joining us now to break it all down is do you know shade director options out simply trading welcomed and you know good to have you back thank you for having me you know we know they rebounded late this afternoon but what do you make of this massive drop in market capitalization for some of the world's biggest companies. for me the move yesterday was absolutely critical looking at the way that the market acted throughout my one saving grace throughout the downfall was the fact that the thing stocks really had not gotten hit so as the rest of the market continued to fall it said well you know we still have our market l

correspondent ashley banks joins us from our welcome ashleigh's so what is the nature of that the committee is investigating well this is the very 1st time that the house judiciary committee will be holding a series of hearings to determine whether there's another competition among us tech giants now we're talking about tech giants like amazon facebook google and apple these are all going to be under investigation now these companies a fee scrutiny over the years for dominating many markets including social networking online advertising online to reserve e-commerce and mobile apps including music now i want to read you a quote from the committee which says quote based. an investigative reporting and oversight by international policy makers and enforcers there are concerns that these platforms have the incentive and ability to harm the competitive process so basically like a mini it's trying to prevent the worst case scenario here. so that's what the brief against the companies were the companies saying in response in their own defense how are they responding daniel well as of right now ther

a report a few years ago said social media and tech companies would actually scare the banks, nothing else. ashleyke murphy's point, what story do we do every other day? data breach. they just don't have a handle on it. when you put all your financial information in there, i think there will be a little hesitation. stuart: hold up. i've got to move on to the other stories of the day. there's lots of good ones. suffice it to say, murphy, you are totally wrong. when you start using my full name, i know i'm in trouble. >>> look at this. walmart. they are going to launch an unlimited grocery delivery service. you pay them $98 a year, you get all the deliveries you want. >> yeah, right now for that delivery you are paying ten bucks, $9.95 a delivery. now if you do that more than once a month, if you do it multiple times a week, it's a good deal. but we talked about this before. you're right, it's a direct shot at amazon prime, and that is so good for the consumer to have multiple options, not just whole foods or amazon fresh but you have another competitor. that's really good for the consumer. stuart:

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bank for crypto currencies. now, he recently lost his bid to join the federal reserve. ash, give me 30 seconds to tell me what this story is all about. ashleyd essentially what it is, they believe they can stabilize crypto currencies like bitcoin and all the other imitators by creating a central bank. it will perform duties like the fed, regulating the supply, also they say they can exchange its own new token for other crypto currencies. the supply will be tied to the value of the dollar or some other stable currency. assist stuart: tied to the stable value of the dollar. that's what he wants to do. ashley: right. it's interesting. stuart: in three seconds, the market opens this tuesday morning. fine explanation, ash. i don't know how you did that. here we go. we are dead flat. i would call it sideways movement. why not. it's up three, up two, down one, up six. there you go. if that's not flat to slightly lower to slightly higher to sideways, i don't know what is. same with the s&p. dead flat. ever so slightly higher. oh, show me the nasdaq. this is technology. 8,005. that's where we are. that's where we still are. down .07. that's dead fla

bank information as well as medical records and personal information. the stock is up. >>> you keep getting these data breaches, nothing happens to the stock. ashleyecoming commonplace and people know i think to check their credit reports, check their credit card statements and it's really a fact of life there will be hackers out there. stuart: it's so commonplace. that's the truth. look at luckin coffee. $21 per share. that's a 6% gain. barron's reporting that some hedge funds are taking big stakes in that coffee chain. it went out at $17 a share, went public at $17, now it's at $21. >>> look at fed ex. ubs cut their price target from $161 to $136. ubs thinks they are going down from here. $153 is the current quote. >>> how about apple. after almost two decades, the company's getting rid of itunes. well, that's big news. susan: i'm sure you will miss it. after 18 years, we have the itunes finally splitting up into three different segments so you have apple music, apple tv, and podcasts. apple music has roughly 56 million subscribers worldwide. still below spotify which has 100 million subscribers. but apple has telestrated this and the bulk of th

ashley: yep. they don't own any factories. they contract out. stuart: okay. that works. all right. let's see. the dow is up 60 points as we speak. that puts us at 26,588. how about the big banks all up today after passing their stress test from the federal reserve. they all have enough money on hand and they are now allowed to raise their dividends to get some of it back to shareholders. all the banks, up very very nicely, thank you very much indeed. you buy them now? >> i do think so. in fact, the big banks, the top four have already announced $105 billion of stock buy-backs. you want to be on the same side as the banks. they know their companies, they know their shares. they are buying them back. why wouldn't investors? stuart: fair enough. we are coming up on 9:40, the moment on a friday morning where i have to say have a great weekend. >> thank you, stu. stuart: thank you for joining us. thank you, david. see you next week. >>> all right. check that big board. we've got a gain of just 53 points. one stage right after the opening bell, we were up over 100. now we have come to a gain of just 52 points. nasdaq still up a bit. so with the s&p. >>> i bet you didn't know west v