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Transcripts For FOXNEWS Special Report With Bret Baier 20240711

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About how trading does and should work. Stocks were significantly up today after the biggest selloff in three months wednesday. The dow surging 300. S p 500 up 37. Nasdaq gained 67. Lets find out what this means for you and your money. The story of gamestop is a story about Institutional Investors versus a lot of little guys all making similar trades. Kristina partsinevelos of fox business joins us from new york. Good evening. Good evening. Its a rebellion between the Retail Investors and wall street. Its got a lot of people worried. Congress, sec, treasury secretary janet yellen. They are going to be monitoring the stock swings as well as trade restrictions. You have Companies Like gamestop that are used as a weapon. You have large, big hedge funds that noticed things werent going so well with gamestop. People werent going to stores to buy a lot of these video games so the big hedge funds shorted the stock. They bet the stocks would fall. Smaller retail guys banded together in online forms like reddit, facebook, tiktok and decided and encouraged each other to buy back shares of gamestop, pushing the price up. You saw the stock climb over 1500 in the month of january. The shortsellers that bet the stock would fall lost a lot of money. We saw similar swings with amc, nokia, blackberry. Because of this massive volatility today, you have Trading Platforms like Interactive Brokers as well as robinhood restrict trades which means they stopped people from being able to buy shares of gamestop, amc, nokia to name a few. Some users were so angry that they filed two Class Action Complaints against robinhood because of this stock drama, you brought together lawmakers from both sides of the aisle. Yet house representative alexandria ocasiocortez as well as senator ted cruz both Bashing Robinhood on twitter because of the trade restrictions. Wall street veterans that are concerned, warning Retail Investors have a lot to lose. They are not diversified. They may be inexperienced and many lost a lot of money because the shares did drop dramatically. On the flip side, a lot of these Retail Investors are saying this is less about the fundamentals of the company, less about the stock itself and more so about the fight against corporate interests and wall street. Bret, back to you. Bret great summation. Thank you. Billions of dollars have been gained and lost during just the last few days. As a political issue, as you heard, it made for interesting bedfellows with aoc on the same side as ted cruz and rush limbaugh. Charles payne of fox business joins us to straighten this all out. The evening, charles. I heard you yesterday talking about this and getting fired up about it. People have come down and said should this be changed, the way the markets work . Talk to me about it. Heres the thing, bret. Ive been doing this for over 30 years. I have taken Companies Public as a broker. I took my own Company Public and i have been a consultant. I know this industry inside and out and this has been one area thats upset me tremendously for a long time. Market purists and these rich headphones folks say shorting is good. It helps liquidity. Keeps the market running. Its a good thing. Was not a good thing is if you issued ten shares and Bret Baier Incorporated and somebody saw that it was worth 100 and thought maybe i can drive us. Its a great company. They were able to borrow 20 shares. You issued ten that they can borrow 20 and sell it and keep selling it. And pounded and pounded and pounded into submission. All the investors who believed in Bret Baier Incorporated also lose their shirt. This is whats happening. Its not about trading. Its about a Cottage Industry of wealthy billionaires who have been able to pound stocks into complete submission. Its not about a trade, its not about them thinking its oversold. Its about them thinking its not as hopeless, no Brokerage Firms covering it or most have a Hold Operating on it. No one is going to come to its defense. They are not looking for a trade. They are looking for total submission. You get a bunch of young investors mostly, novice investors excited and they notice if you buy the stocks, sometimes they get squeezed. The person that shorted your stock at 10 may have to buy it at 12, may have to buy it at 14 and they start getting nervous and on and on. Its a classic short squeeze, the ultimate short squeeze. What compounds the problem in addition to these hedge funds being able to borrow unlimited amounts of stock and artificially sell it. Its not a real market. They are making a market to the downside. You have the Platforms Including Robinhood and i say shame on them. They have stopped the investors from buying stock so i can only sell it. Okay, they can sell it. The shorts can sell it. Of course its going to go down. Its a serious injustice. If somethings going to be done, something should be done on the ability to get 140 of a companys float which obviously doesnt exist and sell it into the market. Bret for the people who say listen, we are doing this to protect the little guy, you say what . Some little guys made a lot of money in a short period of time. But there could be some holding a bag at the end back in the big guys often dont. The big guys get there is. I think its a disingenuous argument. General electric was the number one stock in the entire world, number one market cap and wall street said to everybody put this in your retirement fund. 50 bucks a share. He went to 6. You can lose money on the bluest of blue chip stocks. The bottom line is the stock market is supposed to be democratized. Everyone is supposed to be able to take a shot and if you get burned, you get burned. Thats what the stock market is, free market exchange. I think its going higher. You think its going lower. Lets play by the same rules. I dont think these platforms did this for the little guy. I believe they circled the wagons to help the hedge funds who control wall street who, by the way, ordered flow from robinhood. You dont seduce people into trading by giving them free stock and commercials and talking about the beauty of investing and then when you have the biggest folks on wall street ready to crack, pulled the rug out from under those same people. Its a shame. Bret charles, i love your perspective. This is not the end of this story. Thanks, man. No, its not. Thanks. Bret also breaking tonight, new York Governor Andrew Cuomo has not faced many questions about the number of Nursing Home Deaths in his state or the order he signed to put infected Covid Patients and those homes. But over months when he has been asked, the governor shifted blame, as his answers evolved. I would take all of these numbers with a grain of salt. What is a presumed death . We presume, how do you presume it to be coronavirus . The conspiracy they are trying to spread has no factual basis. But yes, people in Nursing Homes died and they are playing politics with the issue. Incompetent government kills people. More people died they needed to die in covid. Thats the truth. More people died then needed to die. Bret new York Attorney general released a report about the number of Nursing Home Deaths in new york. Bryan llenas is there with the latest. Good evening. Bret, good evening. We are learning that the covid19 death toll in new yorks Nursing Homes and assisted living facilities might be as much as 50 higher than what was reported by new York Governor Andrew Cuomos administration. According to a bombshell 76 page Investigative Report released by new York Attorney general letitia james. The deadly covid19 spread in the states Nursing Homes. Nearly 9,000 people have died in new yorks longterm care centers but governor Andrew Cuomos administration chose not to include residents who died inside hospitals in the official count. In august, the governor defended the decision. If you died in a nursing home, its a nursing home death. If you die in a hospital, its called a hospital death. It doesnt say where were you before . If i am a nursing home operator, i say dont say that person died in my nursing home because they didnt. The ag reported found new yorks Nursing Homes head insufficient personal protective equipment, covid19 testing and does dozens do not follow proper protocols. Governor cuomo has blamed the Trump Administration and longterm care centers for the Nursing Home Deaths. The report acknowledged that new yorks department of Health Guidance issued by cuomos administration in March Of 2020 requiring longterm care facilities to accept covid19 infected patients they have led to more deaths. Those, like fox news Meteorologist Janet who lost both of her inlaws to covid19 in a new york nursing home or calling for accountability from the governor and commissioner of health. That has to be subpoenas. We have to get Howard Zucker on the stand to tell the truth and this might be the first step to that happening. I dont want to call it a win. I want to call it may be some justice. Pressure is mounting on schools to reopen classrooms for in person learning. After cdc data showed schools are safe to reopen. The Teachers Union in chicago refusing to reopen while one parent in virginia called the school board cowards. The Garbage Workers who pick up my freaking trash risk their lives every day more than anyone in the School System figure it out or get off the podium. New yorks Health Commissioner Howard Zucker released a statement responding to the ags report. In the lengthy statement, they did not take any responsibility. They blamed the Trump Administration for advocating their responsibility during the pandemic, his words, as well as blaming Nursing Homes for Grave Mistakes that they made. We reached out to cuomo. Theyve yet to respond. He has yet to respond. Bret. You are not the end of this story either. Thanks. There seems to be mixed messages coming from the government and Health Officials about whether americans should wear two masks in public. Dr. Anthony fauci says that practice makes common sense. Neither the centers for Disease Control and prevention are the World Health Organization have updated their guidance to recommend double masking or triple masking. The cdc says masks should have two or more washable layers, breathable fabric. W. H. O. Says fabric masks should be made of three layers. Detainees at Guantanamo Bay will be offered the Coronavirus Vaccine according to a prosecutor in the case against five prisoners accused of conspiring the 9 11 attacks. He wrote to Defense Lawyers today that the pentagon approved the vaccination to the remaining 40 detainees at the facility. That would include the socalled architect of the 9 11 attacks, Khalid Sheikh mohammed. Those vaccinations could start next week. The u. S. Economy grew at a 4 annual rate in the final three months of last year but constrained by the pandemic the gross thomistic products rank in 2020 by 3. 5 . The largest amount in 74 years. President biden tried to wipe out as much of his predecessors work on health care as he can. The new president is outlining his Health Care Strategy which looks and sounds a lot like that of his old boss. White house correspondent Kristin Fisher shows last night. As soon as President Biden sat down to sign another Executive Order, he made it very clear what he is doing. Recently the best way to describe it, to undo the damage trump has done. The president reversed what he says his predecessor did to weaken obamacare and keep taxpayer dollars from indirectly funding abortion overseas. There is new that we are doing here other than restoring the Affordable Care act and restoring the medicaid to the way it was before trump became president. The first order expands access to the federal Health Insurance market place by reopening a special Enrollment Period from february 15 to may 15 to give americans who lost their jobs and employerbased insurance during the pandemic a chance to sign up for coverage. The president also took aim at his predecessors abortion policies by directing the Department Of Health and Human Services to consider rescinding regulations under title 10 which cut millions in federal funding for planned parenthood. And by getting rid of the Mexico City Policy which bans foreign nongovernmental organizations from receiving u. S. Funding if they promote or perform abortion. Today the chairwoman of the Republican National committee called it a slap in the face to conservatives just one day before the annual March For Life in washington. Many americans disagree with Taxpayer Funds having to pay for abortions overseas, including here in the United States. Todays Executive Order brings the number assigned to 40 in just nine days in office. Prompting the New York Times Editorial Board to write ease up on the executive actions, joe. When pressed how the blitz of Executive Action Squares with then candidate biden statement that you cant legislate by Executive Order unless youre a dictator, the White House Press secretary said. There are steps, including overturning some of the harmful, detrimental, immoral actions of the Prior Administration he felt he could not wait to overturn. Theres been a lot of talk that tomorrow President Biden would be signing even more Executive Orders and actions to reverse some of his predecessors signature immigration policies. The White House Press secretary confirmed this afternoon that immigration day if thats what you want to call it will be happening sometime next week. Bret. Bret Kristin Fisher, thanks. Former President Trump may be trying to reassert himself in Republican Party politics tonight. He met with the House Minority leader Kevin Mccarthy is a top g. O. P. Member of the house tries to bring a fractured party together. Correspondent phil Keating Reports from palm beach, florida. House minority leader Kevin Mccarthy in South Florida today having lunch and conversation with former President Trump. The private meeting about politics in the future direction of the g. O. P. Trumps pack share this photo and said their meeting was good and cordial and trump pledged to work with mccarthy on getting the House Majority in 2022. Mccarthy has called for republican unity and for members to stop attacking one another. One of those critical republicans has been illinois congressman adam kinzinger. Here he is this morning. If youre a leader of the Republican Party right now, you need to be focused on one thing. Not wanting another election. Thats not what we should be focused on right now but we should be focused on restoring the integrity of a party. Some republicans have been divided over those who say trumps reelection was stolen and those who say President Bidens win is legitimate. Also regarding trumps impeachment. Senate republicans in the house broke ranks and voted for it, including wyoming congressman liz cheney. Some suggest she should be pushed out of the third most powerful post of the house and possibly mccarthy visited trump to get back into his good graces after publicly holding him accountable for this. Stick with the president bears responsibility for wednesdays attack on congress by mob rioters. He should have immediately denounced the mob when he saw what was unfolding. According to sources, team trump heard that mccarthy is was in miami and invited mccarthy to drive to palm beach. Later this afternoon the House Minority leader also released a short statement about today at maralago. He touted the accomishments made by House Republicans while President Trump was former President Trump was still the president. He reiterated that mr. Trump said today he was absolutely committed to electing republicans in the next cycle. Bret. Bret phil keating in palm beach. Thank you. Tomorrow a former lawyer with the fbi will plead guilty to making a false statement in the first criminal case arising from u. S. Attorney john durhams review of the russia interference probe. Kevin clinesmith will have his sentencing hearing friday morning. Still ahead, ruling by a Pakistani Court that the victims family because a Travesty Justice what happened today and the brutal murder case of american journalist daniel pearl. And we go live to georgia where a terrible accident at a Poultry Plant is left at least a halfdozen dead. Well be right back. These folks who came in to work today didnt have any idea what was going to happen, nor to their families. Hi, im a new customer and i want your best new smartphone deal. Well im an existing customer and id like your best new smartphone deal. Oh do ya . Actually its for both new and existing customers. I feel silly. But i do want the fastest 5g network. Oh i want the fastest 5g network. Are we actually doing this again . Its not complicated. Only at t gives everyone the same great deal. Like the Samsung Galaxy s21 5g for free when you trade in. When i was diagnosed with dupuytrens contracture, i waited to get treated. Thought surgery was my only option. But then i found out about nonsurgical treatments. It was a total game changer. Learn more about the condition at factsonhand. Com your Grooming Business is booming. You need to hire. I need indeed. Indeed you do. The moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base. Claim your seventyfivedollar credit when you post your first job at indeed. Com groomer bret also breaking tonight least six people are dead in gainesville, georgia, after a Liquid Nitrogen Lake at a Poultry Plant. No word on what because the accident. Lets get an update in atlanta. The incident happened around 10 00 this morning at Foundation Food groups. Prepared Food Facility in gainesville. Thats a city about 50 miles to the northeast of atlanta. It is known for its thriving poultry industry. This particular plant processes Chicken Products for restaurants and other food services. Osha and the Georgia Fire Marshals officer on scene to determine what caused the fatal accident. Preliminary indications are that a Nitrogen Line ruptured inside the facility. While we wait for confirmation, we are very sad to say that six team members appear to have died and others were transported to the hospital with very serious injuries. The folks who came in to work today did not have any idea what would happen, nor did their families. They are not in a profession that you would expect Something Like this to happen. The company took over the plant january 1 and say the victims include maintenance workers, supervisors and managers. 130 other employees were evacuated to a safe location. Several First Responders were treated for exposure. Liquid nitrogen is nonflammable but its flavor is extremely cold and can cause frostbite, eye damage, and in high concentrations, asphyxiation. Back to you. Bret Jonathan Serrie in atlanta. Thank you. Up next, President Bidens pick to lead the Civil Rights Division had questionable theories about racial superiority and antisemitism in her past. Well take a look at that. Heres what some of our Fox Affiliates around the country are covering. Fox 5 in york, Court Documents alleged Ghislaine Maxwell directed a room of underage girls to kiss, dance, and touch one another for late pedophile jeffrey epstein. It was revealed in 112 Court Documents running to thousands of pages released late wednesday. Fox 43 in topeka. Thousands of fraudulent unemployment claims prompt kansas to shut down its processing system. That means some jobless workers will have payments delayed as the state installs new antifraud protections. And this is a live look at detroit from our affiliate, fox 2. General motors sets a goal of making the vast majority of its vehicles electric by 2035. Gm says it wants to make the entire Company Carbon neutral five years after that. That is tonights live look outside the beltway from special report. Well be right back. Nicorette knows, Quitting Smoking is hard. You get advice like just stop. Get a hobby. You should meditate. Eat crunchy foods. Go for a run. Go for 10 runs run a marathon. Are you kidding me . instead, start small. With nicorette. Which can lead to something big. Start stopping with nicorette man whats my safelite story . I spend a lot of time in my truck. Its my livelihood. Rock music man so im not taking any chances when something happens to it. So when my windshield cracked. My friend recommended safelite autoglass. They came right to me, with Expert Service where i needed it. Rock music man thats service i can trust. No matter what im hauling. Right, girl . Singers safelite repair, safelite replace. Bottom line is, moms love that land o Frost Premium sliced meats have no byproducts. his voice baloney automated voice has joined the call. voice from phone hey, baloney here. I thought this was a no byproducts call . Land o Frost Premium. Fresh look. Same great taste. Bret the acting head of the u. S. Capitol police as permanent fencing is needed around the facility. Saying that the recommendation was made in 2,006. Pittman became acting chief two days after the capitol riot which led to his predecessors removal. Washington mayor Muriel Bowser says while upcoming potentially volatile events require extra security, she will not accept extra troops or permanent fencing is all longterm fixture around the capitol. Sharp criticism tonight for President Bidens decision to guarantee Unemployment Insurance for people who refused to work over coronavirus concerns. Critics fear the move will make an already bad unemployment situation much worse. Supporters say all workers need this help now. Heres White House Correspondent peter doocy. Of Prepandemic Rule was if you turned down a suitable offer of work you lose your unappointed benefits. Nous Biden Administration guidances if you turn down a suitable offer of work because of covid19, you can keep the unemployment benefits. No one should have to choose between their livelihoods and their own health or the health of their loved ones in the middle of a deadly pandemic. The white house telling states workers have a federally guaranteed work to refuse employment that will jeopardize their health and if they do say they will still qualify for Unemployment Insurance. Unemployment insurance in the United States is not a Single National program. Its 50 State Programs and the district of columbias program. Each state has a little bit different attitude toward people refusing to take a job or return to a job because of safety and health concerns. Colorado Advanced Practice Nurse lisa monaco understands. She was concerned about returning to work after recovering from covid19 and has applied for Government Assistance or practice has been enclosed for nearly a year but she doesnt believe people should be on on employment forever. I dont feel like unemployment is there to be on for a whole year but it was really scary for me to go back to work. I just finally went back to work after a year. Economists say this oneofakind order matches a oneofakind crisis. We havent had a Public Health emergency like the current coronavirus pandemic emergency in the history of the Unemployment Insurance program. Before he took office, then president elect biden stressed the democrats won in georgia and flipped the senate 2,000 to miller checks would be going out the door. That doesnt appear to be imminent. With these Executive Orders, hes trying to help how he can. Bret. Bret peter doocy in the White House Briefing room. Thanks. Past statements from one of President Bidens choices for Key Justice Department leadership post are raising seme eyebrows. Kristen clarke will head the division. Mike emanuel tells us clarke has a history that some republicans that if you democrats find troubling. The Civil Rights Division represents the moral center. President bidens nominee to have the Civil Rights Division is under fire for past comments and actions when she was president of harvards black student association. Kristen clarke wrote in The Harvard Crimson newspaper in october 1994 black infants sit, stand, crawl sooner than whites. Adding skin color endows blacks with better mental, physical and spiritual ability something with cannot be measured based on eurocentric standards. Coastal part of an article criticizing a 1994 book on The Bell Curve which question the intellectual ability of black students. Clarke organized a campus event featuring professor tony martin, author of the jewish onslaught who made antisemitic comments about Jews Persecuting Blacks Clarke told the publication it was a mistake and i unequivocally denounce antisemitism. About her black supremacy comments, she now says it was meant to express an equally absurd Point Of View fighting one ridiculous absurd Racist Theory with another ridiculous, absurd theory. Her past views are under scrutiny since she will require senate confirmation. We will turn the page on hate and close the door on discrimination. Its still early in the process. Clarke has not had her Confirmation Hearing in the judiciary committee. White house and Justice Department did not respond to the request for comment. Controversy could spell trouble. Bret mike, thank you. Multiple Media Reports say House Minority leader Kevin Mccarthy will talk about social media posts with Georgia Republican congresswoman Marjorie Taylor greene. Recent reports show comments from greens facebook account that refer to the execution of senior democrats and endorsement of Conspiracy Theories linked to qanon. A spokesperson with his office says he will speak directly to her about them. Green issued a statement suggesting other people had access to her facebook account and not all the comments represented her views. Also tonight California Democratic congressman jimmy gomez says hes introducing a resolution to have green expelled from the house. Up next and exclusive conversation with former iranian president Mahmoud Ahmadinejad about a seat at the table dealing with the new american Biden Administration. Pakistan Supreme Court ordered the release of a Pakistani British man convicted and later acquitted in the beheading of american journalist daniel pearl in 2002. White House Press Secretary jen psaki called the decision and affront to terrorism victims everywhere. The acting Attorney General Monty Wilkinson tonight calling on pakistan to let the u. S. Prosecute the case. The u. S. Treasury report says al qaeda is gaining strength in afghanistan while continuing to operate under the talibans protection. The memo comes as the Biden Administration says they will review President Trumps peace deal on withdrawing american troops to see if the taliban is complying. Just some of the other stories beyond our border tonight. Well be right back. Its totally normal to have constipation with belly pain, straining, and bloating, again and again. No way. More exercise. More water. And more fiber is the only way to manage it. Is it . Maybe you think. Its occasional constipation. Maybe its not. It could be a chronic medical condition called ibsc, and time to say yesss to linzess. Linzess works differently than laxatives. It helps Relieve Belly Pain and lets you have more frequent and complete bowel movements. Do not give linzess to children less than six and it should not be given to children six to less than 18, it may harm them. Do not take linzess if you have a bowel blockage. Get immediate help if you develop unusual or severe stomach pain, especially with bloody or black stools. The most common side effect is diarrhea, sometimes severe. If its severe, stop taking linzess and call your doctor right away. Other side effects include gas, stomach area pain, and swelling. Change your thinking to ibsc. If your constipation and belly pain keeps coming back, tell your doctor and say yesss to linzess. Tell your doctor quiet piano music loud music noises quiet piano music comfort in the extreme. The lincoln family of luxury suvs. Bret to a fox news exclusive. As the new administration tries to figure out how to handle iran and its nuclear program, we talk with a former iranian president who wants to be part of the discussion. Senior Foreign Affairs correspondent amy kellogg speaks this evening with Mahmoud Ahmadineja. It was under his watch that iran began enriching uranium. He called the Holocaust A Myth and suggested israel should be wiped off the map. Now hes back, at least in the hearts of iranians who in recent poll voted former president Mahmoud Ahmadineja top pick for the countrys next president. Hes active. An exclusive interview with fox news, ahmadineja said hes reached out to President Biden. Translator i have sent a letter to mr. Biden after he was elected. I sent it this week. In the i describe the Worlds Conditions and asked him to stand firm and change the policies towards justice and peace. I prayed for him. Ahmadineja says he likes the American People a lot. Translator i think of the two nations of iran and the u. S. Stand sidebyside and commonly plan for cultural, economic and political collaboration, huge source of energy is going to be released around the world stabilizing peace and security. I traveled to iran eight times while ahmadineja was struck and was struck by the economy of the people and officials. Tehran blames washington. Ahmadineja seemed to take a step back, in a way sharing blame. Translator there are some restrictions imposed by both governments for the purpose of communication between the two nations. In my view, its not rational. Both governments should remove the restrictions, enabling nations to cooperate with each other. Even in light of changing dynamics in his region with several muslim countries recently signing accords with israel, Ahmadineja Views on that have not changed. Do you think israel should be wiped off the map, do you see a future where perhaps iran and israel could be in some ways friends . Translator what we are saying should be wiped off the face of the years is oppression and summation. Ahmadinejad accuses the u. S. Government of warmongering but many notes there has been a bit of a rebranding reflected in things like the holiday tweet. Happy new year. As the Islamic Republic ratchets up saber rattling, the Biden Administration is under pressure to work up in the iran plan and there will be a new president in tehran this summer. If it is not ahmadinejad 2. 0, many say its likely to be another hardliner is the more moderate incumbent, hassan romani, has not been seen to deliver on promises. Certainly ahmadinejad has lots of detractors in iran and iran watchers say that its not likely that this Supreme Leader would even let him run for president again. He himself said hes not sure he wants to throw his hat into the ring. In any event, it seems pretty clear from what we have seen tonight that he wants to continue to enjoy certain amount of influence. Bret. Bret amy kellogg, thank you. Very interesting. Up next, the panel on wall street and the new report about new york Nursing Homes. Also tonight we remember as a crew of the Space Shuttle challenger which exploded after takeoff 35 years ago. Seven astronauts died. The Accident Ground of the shuttle for two years prompting major redesigns and changes. Alexa, ask buick to start my encore gx. Four filets. You know this dinners for their. Kids. Thanks for watching them. Wheres the pizza . The buick encore gx. Current eligible nongm owners get nearly 43 hundred purchase allowance on 2020 buick encore gx models. When you switch to xfinity mobile, youre choosing to get connected current eligible nongm owners get nearly 43 hundred purchase to the most Reliable Network nationwide, now with 5g included. Discover how to save up to 300 a year with shared data starting at 15 a month, or get the lowest price for one line of unlimited. Come into your local xfinity store to make the most of your mobile experience. You can shop the latest phones, bring your own device, or trade in for extra savings. Stop in or book an appointment to shop safely with Peace Of Mind at your local xfinity store. Market manipulation should be illegal but the sec has never even completed its rules defining what Market Manipulation is. So that means what you have got is the casino. Speak of the elites are Bent Out Of Shape that a bunch of average, ordinary users have figured out how to make themselves billionaires. Whatever you think is going on in politics, the Washington Establishment, the deep state, what have you, its the same in finance. There are those who are allowed to make a lot of money and those of you who arent. Bret okay, we have a ocn ted cruz. Elizabeth warren and rush limbaugh. What is this issue . Its about the markets. He led the show. We heard Charles Payne. Lets bring the panel, bill mcgurn, harold ford jr. , former tennessee congressman,and Washington Post columnist mark columnist marc thiessen. I find this story fascinating. I did from the beginning and i do now. Bill, your take on this and what it means big picture. We at the Wall Street Journal have an editorial that just went up explaining. To us it looks like an oldfashioned stock bubble with new social media characteristics. The question is, the fundamental question is is gamestop really worth what it was going for . Crazy evaluations. Other questions, or their technical problems . Deliberate decisions that made it hard for people to trade when they wanted to . Its a fair question but i think the fundamental thing is really when gamestop was driven up there, might be satisfying to some people to see the Hedge Fund Managers taking some hits. But you have to ask, if youre going to play this game, you have to take risks. You realize that you can lose money. Now i say this not as an expert trader. One reason im in index funds is that when i follow my own advice, i have followed a consistent buy high, sell low policy. But i think we have seen this many times before. It sort of a new face with reddit and social media. Bret right but let me flip it around, harold. Theres a lot of hedge funds. A lot of folks who shorted a lot of companies and some of those companies felt they shorted them into oblivion. To hear Charles Payne talk about it, very passionately and clearly, the little guy needs a shot. What about that . Thanks for having me on. I think a lot of the analysis that bill gave his analysis we provide in the next 24 to 48 hours about this particular stock. I think bill might agree this signals a big change. Probably, globally, you think about young people, people 40 and under. 5 trillion to 7 trillion of liquidity sitting on the sidelines. The question i think Institutional Investors, hedge funds, private equity firms, big institutions, one of things they they have to think seriously about his of these new investors, new liquid that will come into the market, will it be selfdirected . Will they rely on some professional advisor . What we saw yesterday was one of those rare moments in the market where you see a seismic, Cataclysmic Change happening and how people think about investing. Regime change could very well be under way about who invests, how they invest, and i think it will influence the way professional and Institutional Investors not only think about how they market to the new group but how they think of things they invest in going forward. Bret id mention the strange political bedfellows. You have aoc tweeting this is unacceptable. We need to know more about robinhoods decision to block Retail Investors from Purchasing Stock while hedge funds are freely able to trade the stock as they see fit. It is a member of the Financial Services committee i support a hearingted cruz said fully agr aoc came back and said no thanks to ted cruz but thats another side of the story. How do you see this . First of all, im offended that robinhood wont let me invest in bret baier ink. Its a great stock. Bret i love Charles Payne. Great segment. Some of these people wont like it because theyre not conservatives but this is trump isnt come to wall street. As the Maga Movement was a Grassroots Populist Uprising gives the Washington Establishment we have a Grassroots Populist Uprising at the wall street establishment. A bunch of geeks on reddit decided to take a stock wall street was down on that wall street said was worthless, they were shorting and pushing down as Charles Plane explained. Make it go viral. The guy who started this was a guy by the name of roaring kitty. He started posting about it and then other people started posting that they were making money and became like a meme. It went viral. Not because they like the fundamentals of the company. The sentimentality, Computer Geeks who used to go to gamestop and that it would be fun to boost its stock and it was an opportunity to make money while sticking it to the guys on wall street. They succeeded and we are all talking about it. Its a fascinating story. Bret bill mcgurn, your candle is not roaring kitty, is it . [laughter] i think what everyone said here is right. Its not just the Hedge Fund Managers. A lot of people are going to get burned. Like any kind of bubble. Its hard to know when to get on the escalator especially when to get off. I flew think a lot of people learned a hard lesson thats been learned many times before and keeps being repeated. I agree with harold that the democratization of investment, it wasnt 40 years ago almost no one in the middle classes had investments in the market. Its next ordinary thing and we havent figured out all the implications of it yet. Fundamental still apply it, whether a stock is really worth something. Sooner or later, kind of outs itself. Bret and people put their own money in there. We are talking about this because people got taught a lesson today, the most sophisticated investors over the last 48 hours. They got taught a lesson by the people they thought were the most unsophisticated investors. The lord works in mysterious ways. Bret this is not the end of this story, i promise you brett i wanted to talk about the new york Nursing Homes. We will do that another time. When we come back, an early look at tomorrows headlines. New projects means new project managers. You need to hire. I need indeed. Indeed you do. The moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. Claim your Seventy Five Dollar credit, when you post your first job at indeed. Com home. If you have postmenopausal osteoporosis and a high risk for fracture, now might not be the best time to ask yourself, are my bones strong . life is full of make or break moments. Thats why its so important to help reduce your risk of fracture with prolia®. Only prolia® is proven to help strengthen and protect bones from fracture with 1 shot every 6 months. Do not take prolia® if you have low blood calcium, are pregnant, are allergic to it, or take xgeva®. 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It customizes our Home Insurance so we only pay for what we need and what did you get, mike . I got a bike. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Hi, im a new customer and i want your best new smartphone deal. Well im an existing customer and id like your best new smartphone deal. Oh do ya . Actually its for both new and existing customers. I feel silly. But i do want the fastest 5g network. Oh i want the fastest 5g network. Are we actually doing this again . Its not complicated. Only at t gives everyone the same great deal. Like the Samsung Galaxy s21 5g for free when you trade in. Bret finally tonight, look at tomorrows headlines tonight. One of them, robinhood saying that they will allow trades, limited trades tomorrow starting tomorrow. Harold, you first. The Senate Democrats will try President Trump but they will decide to censor him and not convicting. Bret its possible. All right. Mark. Bipartisan group of senators unveil covid relief package. Most powerful man in washington, joe manchin, working with republicans to introduce a scaleddown Bipartisan Bill and joe biden will have to play ball because he cant do anything in washington without joe manchin. Bret there you go. Bell, quickly. Very simply, american investors discover that what goes up can come down. [laughter] bret will end there. Thank you very much, thanks for inviting us into your home. Thats it for this special report. Fair, balanced, and still unafraid no matter what the markets do. Fox news prime time hosted by maria bartiromo. It starts right now. Speak to have a great night, thanks so much. Good evening and welcome to fox news prime time. I am maria bartiromo. Tonight, off the rails and broken promises. Joe bidens Executive Order bonanza has officially gone overboard. Hes likely breaking another Campaign Promise along with it, as we all inspected him to do, of not raising taxes on anyone making under 400,000. Get ready for the sticker shock. The president signing a record 25 orders in just his first 90s in office. Thats five times as many as president obama

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