Report from new york far left the Attorney General evidence of massive corruption and a coverup at the highest level with a deadly effect on some of the most vulnerable, our countrys seniors. At the story that everybodys talking about, the rebellion against the tyrant into finances governments, gamers with money to spare. Some members of both Political Parties are united behind the reddit rebellion. The little guys driving up share prices at the expense of the big guys. Now, some say the game stop trading more mirrors the politics of today. The globalized world with a very rich dont take challenges because they are power without a major fight. Hey, get off your foot to get off your phone. They have a robin hood. It screwing us over. Shannon politics, all of has been colliding this week and a pretty remarkable unfolding os of what we are seeing. Shannon thats true. Hello, welcome to fox news night, im Shannon Bream in washington. Weve got Breaking News tonight on possible Market Manipul
Down, along come the rebel populous traders to say not on our watch. How big does this get . Welcome. Im neil cavuto. This is your very well depending on the stocks, profitable world. Not so great for the conventional market which is taking it on the chin because namely washington will take its investigations to gamestop and a host of others and all of these others that have been jumping far and fast. Susan li on the end of week theatrics that i dont think are ending on this end of the week. Hey, neil. The gamestop readit frenzy has taken wall street to unchartered territory. We have never seen volumes like this before. Its making investors nervous. The dow jones breaking below 30,000 this afternoon for the dow and the s p finishing the first month of the year lower. While it was a major selloff, the gamestop rally was backed on and amc and express and cost. This after robinhood allowed their traders to trade again raising a billion in cash to ensure they have enough money to clear the
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
the attack on the capitol. high-ranking lifelong republicans, notable members of the former president s staff, detailing how he watched television as the violent assault unfolded. officials say he never called law enforcement or the pentagon to put an end to the violence. and while video evidence showed rioters hanging on every word from the then-president, we learned that trump initially refused to use the word peace when he finally sent a tweet to that mob. it was the then-vice president, mike pence, who ultimately called in the national guard as rioters were chanting to hang him. previous testimony revealed president trump thought pence, quote, deserved those chants. last night we learned that members of mike pence s security detail called loved ones in the midst of it because they feared they wouldn t make it out of the capitol safe and alive. to hear that was just stunning. and last night republican congressman adam kinzinger wrapped up the hearing with this messag
of dollars of fines. this is not something that s going to happen immediately. the judge has set october 21st as the sentencing date. it will be a few months before we know what sentence is going to be handed down. it s been clear from bannon s attorneys throughout this trial that they do intend to appeal. because these are misdemeanor charges it s very possible that we could see the judge delay any kind of, you know, whether bannon has to serve any kind of sentence until after they go through that appeals process. we just don t know that yet. what we do know is this is a big boost to the house select committee. this is a reaffirmation of their investigative power, of their subpoena power, at a time when they re wrangling with a bunch of different witnesses. peter navarro is another person who defied his subpoena and is poised to go to trial over that. it s a win for the justice department. they ve come under a lot of scrutiny, criticism in terms of how they re investigating