It's showtime for former FBI director James Comey, and the stock market is on edge. 
 
Comey is testifying in front of lawmakers on Thursday, and TheStreet has the live markets analysis you need to know (below). 
 
In prepared testimony released on Wednesday, Comey detailed his numerous meetings with President Donald Trump since January. Comey said he had not told Trump that he would cease investigations into former National Security Adviser Michael Flynn despite Trump's request. Comey also said that Trump had said, "I need loyalty. I expect loyalty." Comey based his testimony on his recollections and a series of memos composed after several meetings.

Trump fired Comey in May while the FBI was investigating the Trump transition team's ties to Russia.

What's Hot

Wow, BABA: Alibaba (BABA - Get Report) shares are going bonkers following up an upbeat investor day. Check back throughout the day for TheStreet's coverage of the red-hot Chinese e-commerce company. Hat tip to Jack Ma.

This Tesla run is remarkable: Tesla's (TSLA - Get Report) shares continue to be unstoppable. They are hovering near a record high of $359.65. But, the company was dealt a rare blow in terms of board composition, TheStreet's Ron Orol points out.

It feels like the internet bubble all over again: FANG stocks -- an acronym for Facebook (FB - Get Report) , Amazon (AMZN - Get Report) , Netflix (NFLX - Get Report) and Google (Alphabet) (GOOGL - Get Report) also continue to be explosive. But chip-maker AMD (AMD - Get Report) also continues to notch big gains amid the rush to bitcoin. Meanwhile, rival NVIDIA (NVDA - Get Report) caught a massive upgrade by Citigroup. What the heck is going on here.

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