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
Now theres just got to be a will to seek those out. True on school funding, true on state and local aid. Everyones getting tied around in knots what the number is. Get the policy right and whatever that number produces, thats where we should land. Look, i mean, christine, certainly there could be an incorporation of republican ideas, and there are a lot of people arguing for that. But what is unclear, if the votes, if the republican vote it might actually be more than unclear if the republican votes would actually follow those compromises . Also, theres even moderate democrats who might be concerned about sliding in a 15 hour minimum wage and you saw maneuvering last night suggesting they could put the 15 minimum an hour wage to the side not address it now. Could be confrontational. Could be a place of bipartisan agreement right now during the middle of the crisis. Even though progressives, of course, want a 15 minimum wage. Might see small maneuvering starting to satisfy people and mo
Mccarthy warns democrats the tide may turn against you in the future. You will regret this. You may regret this a lot sooner than you think. If thats the new standard, if people are held to what they have said prior to even being in this house, if the majority gets to decide who sits on other committees, i hope you keep that standard because we have a long list you can work within your own. Harris sooner than you think, he says. Also in focus this hour claims of hypocrisy against a major book publisher, rnc chairwoman Ronna Mcdaniel reacts. A new battle over whether taxpayers should be on the hook for 650 billion in student loan debt. Steve forbes will weigh in. First lets bring in florida congressman matt gaetz of the House Judiciary Committee to talk about our top story. I understand you did not vote with those 11 republicans to remove Marjorie Taylor greene from her committees, why . It wasnt an attack on Marjorie Taylor greene it was attack on the voerts. She got more votes than i
Allocated but hasnt gone out to anybody yet. So this bill will pass with basically democrat support, so reconciliation that allows them to squeak it by on 51 votes. And the compromise and unity that we heard so much about are not a priority at this white house so far. Republicans say this is a liberal wish list. President biden says that he will be the most progressive president in history. He told us that on the Campaign Trail and a promise that hes making good on and progresses are thrilled with it. Heres one progressive senator that said biden has been very good at the ending the garden so far. So are these passages about covid or about expanding the government here in the United States over the longer term . As this plays out, in the background of all of this about the money, theres a shift going on in the country. Take a look. Cases have dropped 47 since the daily average peak january 8. Very good news about where this virus is headed. Think about this. The governors that have rea
Await the hearing, what critics call Catch And Release. We have specifics tonight from los angeles. Customs and Border Protection says because of that steady increase in apprehensions, mexicos reluctance to accept more deported families and covert restrictions here, some facilities are at maximum safe capacity. Therefore, it says, per longstanding practice, the Long Term Solutions are not possible. Some migrants will be processed for removal, provided a notice to appear and released into the u. S. To await a future immigration hearing. This is needed to avoid keeping migrants beyond what court orders allow, right now the Border Patrol is stopping some 3,500 migrants per day trying to enter the u. S. A former dhs director chad wolf calls it a perfect storm likely to get worse as smugglers and families exploit the situation. Its a Significant Development they arent taking certain family units back under title 42, that is very concerning because if youre just doing that in one or two sect