Acknowledges like robinhood yesterday restricted trading in gamestop and other volatile stocks. Robinhood eased up on those restrictions today but the backlash has been fierce. Here is reaction from conservative radio host Rush Limbaugh and bar stool sports Founder David portnoy. Its not just political now. The elites are Bent Out Of Shape that a bunch of average, ordinary users have figured out how to make themselves billionaires. Everything is rigged in favor of the elites. This has upset the rigging. I think its criminal. There has to be an investigation and people have to go to jail. Whether that actually happens i dont know. But ive never been more convinced about Market Manipulation and the people, the hedge funds controlling the game. Harris robinhood ceo is defending the decision. Watch. We had to make a very difficult decision to protect our customers and our firm. This decision was not made on the direction of any market maker. We are in a historic situation there is a lot of
That are being organized on facebook and read it buying the stock, bidding it up, causing those institutions to lose money here. Talking to the tune of billions of dollars over the past week or so for the sec, Securities Exchange commission is watching this and a sec regulator told me you might be hard for them to find a violation. Listen. I think when it comes to regulating the speech or regulating content, thats a huge challenge and certainly from a securities regulation perspective. I dont think the sec can regulate speech which everyone has the right to regulate in the sense charging a crime for doing it. What has lawmakers concerned is that robin hood is billed as a free Trading Platform had actually stopped or halted trades on gamestop and some of these others that were shorted which allowed the institutions to make back some of their money in those shorts yesterday. If robin hood said it needed the pause to collect collateral for its clearing house. They raised A Billion Dollars
Enrollment period for obamacare, to help struggling americans. Mary bruce standing by on that. The arrest at the capitol. Police say a man with a gun in his car and paperwork on Stop The Steal. The false claims about the election. And House Speaker nancy pelosi tonight on the continuing threat, saying the enemy is within. Saying members of Congress Want to bring guns onto the floor and have threatened other members. And the newly sworn in congresswoman and the videos. What she said to a survivor of the Parkland Shootings and what she said about the las vegas massacre. Tonight, the deadly leak at a plant. At least six workers killed. Workers say there were clouds of chemicals. Employees immediately falling unconscious. The major storm system slamming the west. Racing across the country. And now it could potentially become a significant noreaster. Up to a half foot of snow possible in some places in the east. And rob marciano with the new track tonight. General motors with a major announ
Babies. The Game Stop Frenzy continues with backlash against robin hood for redistricting amateur trading. Good morning and welcome to morning joe. Restricting. It is friday, january 29th. With us we have White House Reporter for the asci press, jonathan lemire, Michael Steele, and former aide to the george w. Bush white house elise jordan, msnbc analyst as well. So we will get to the latest in game stop. That story ahead. Plus, a full year into the fight against covid. And were learning troubling details about the pandemic. A federal investigation found that u. S. Officials who greeted american evacuees from wuhan did not have training in Infectious Disease control and were told not to wear masks. Thats according to the washington post. The states Attorney General is investigating why the Cuomo Administration failed to report 3,800 Hospital Deaths as being linked to nursing homes, an undercount of 40 . Weve got details on both of those stories coming up on morning joe. But we begin wi
The arrest at the capitol. Police say a man with a gun in his car and paperwork on eal. Eal claims about the saying members of Congress Want to bring guns onto the floor and have threatened other members. And the newly sworn in congresswoman and the videos. What she said to a survivor of eai abohe las vegas massacre. Tonight, the deadly leak at a plant. At least six workers killed. Workers say there were clouds of chemicals. Employees immediately falling unconscious. The major storm system slamming the west. Racing across the country. And now it could potentially become a significant noreaster. Up to a half foot of snow possible in some places in the east. And rob marciano with the new track tonight. General motors with a major announcement. Gm will stop making gaspowered cars an suvs, and when they plan to do it by. And America Strong tonight. The u. S. Service member and the time sensitive mission. Would he get there in tim d w begin tonight with that y troubling news on the coronavi