We start with an Epic Battle Raging On Wall Street that has seen small time Amateur Investors take on the titans of the hedge fund industry. Its all centred around this company the struggling us computer Game Retailer gamestop. It shares have soared at much as 1700 after a group of private investors used online forums to drive up their price. And that has raised serious questions about how Financial Markets operate in the era of social media, as paul hawkins reports. This is a story of david versus goliath, of the amateur online investor beating the Big Traditional Wall Street traders. At the centre of it, gamestop, a struggling American Retailer Selling dvds and video games. A number of the Wall Street Traders picked up on its problems and bet money that its share price would fall, known in the business as shorting a stock. Only for this particular stock, Amateur Investors swapping tips on the social media site reddit saw it as an opportunity. They bought shares, which actually drove
Materials, industrials hitting new intradays. The small caps doing well. The russell 2,000 at the far right side of your screen. Jim, i want to know where you think we are now you have great vaccine news. Its consistently great. Were not that far from 30,000 on either day we have headwind tailwind. Each day you can make a tailwind case i can make a tailwind case that you have to buy the airlines right now. This norwegian cruise deal is done, you want to buy that group. I can make a case that you have to buy the stay at homes, the deep cyclicals, a case for the technology stocks. This is what weve looked for. Thats why i came in gunning for the armageddonists theres a fabulous piece out that covid did not rescue the armageddonists from underperformance and purgatory its time to call them out im asking all the panelists to call out the people who said it was the end of the world call them out. Well, weve gotten great vaccine news it sounds like to me youre saying you can still buy the cr
Restrictive tier. Its not the news we want heading into the holidays. As weve seen reopening, which is anticipated we started to see more cases. Like much of the country, cases are on the rise california and now 11 1 counti are moving into a restrictive tier. Contra costa moved from orange into red meaning substantial spread. Californias health and Human Services secretary dr. Mark galley said most of the transmission is coming from high risk situations where masks are not worn the entire time. Imagine multiple people at a small table playing a board game or having and sharing a meal. Across the state, the 14day Positivity Rate is 3. 7 up from 2. 5 . You can see on this graph showing bay area covid cases going back to march, cases arent yet where they were during the summer surge but there is a significant increase since mid october. We anticipate if things stay the way they are, between this week and next week, over half california own counties will mo into a restrictive tier. Reporte
Libyas state owned oil Company Blames the u. A. E. For a blockade on oil exports reimposed by the warlord khalifa haftar. And exit polls suggest a tight race in poland as both the incumbent president and his rival claim a victory in the runoff vote. 230000 qubit in 1000 infections in 24 hours the world has now recorded its biggest daily rise since the corona Virus Outbreak began last according to the World Health Organization and the situation in the United States the country hardest hit has taken a turn for the worse the state of florida alone has registered more than 15000 new cases as of sunday that number surpasses the highest daily tally reported by any european country and what new york recorded when the pandemic peaked there in april. Florida began lifting restrictions in may elsewhere around the world south africa has reimposed in light time curfew and a ban on the sale of alcohol it has the highest number of cases on the continent of africa nearly 13000000 people globally have
State owned oil Company Blames the u. A. E. For a blockade on oil exports reimposed by the warlord hell if i have to. Exit polls suggest a tight race in poland as both incumbent president and his rival claim victory in the runoff vote. 230000 covert 19 infections in 24 hours the world has just recorded its biggest daily rise since the Virus Outbreak began thats according to the World Health Organization and the situation in the United States the country hardest hit has taken a turn for the worse the state of florida alone registered more than 15000 new cases on sunday that number supposes the highest daily tally reported by any european nation and what new york recorded when the pandemic peak there in april florida began lifting restrictions. In may elsewhere in the world south africa has reimposed a nighttime curfew and a ban on the sale of alcohol it has the highest number of cases on the continent of africa nearly 13000000 people globally have been diagnosed with covert 19 more than