Burner as the Biden Administration and Senate Democrats push forward on a cody relief bill that some lawmakers and even leftleaning economists say could actually hurt the economy in the long run. President biden saying today its an easy choice, pointing to the latest jobs numbers as proof there is no time to waste. This as he met with 10 republican senators earlier this week who proposed a Counter Offer to his nearly 2 trillion plan. White house correspondent Kristin Fisher has been following it all. She joins us live from the north lawn from the white house with the latest. Good evening, kristin. Good evening, bret. The week started with President Biden meeting with republican senators and hoping to cut a deal. But it is ending with the president giving his strongest signal yet that he intends to move forward with his relief plan without republican support. Im going to act. Im going to act fast. In his most fiery defense of his 1. 9 trilliondollar relief plan, President Biden made it
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 House Taking Desacrificive Action tonight against gop congresswoman Marjorie Taylor greene stripping her of committee assignments. Democrats punishing her for pushing lies about 9 11 and School Shootings and embracing the qanon theory. Only 11 republicans voting with democrats. Lawyers for the former president refusing a request by house Impeachment Managers that trump testify at his upcoming trial in the senate. And a major move by Johnson Johnson in the battle against coronavirus, asking the fda for an Emergency Use Authorization of its single shot covid19 vaccine. So, as you can tell, we have a lot to talk about. I want to bring in cnns White House Correspondent mr. John harmon. Congresswoman Marjorie Taylor greene officially removed from her assignments but only 11 republicans chose to hold her accountable. Her last move to rewrite history did not work. Where do you think this leaves the gop, john . The gop does not feel it can afford to aylienate people like mar Marjorie Taylo
Of any honest show of contrition as a member of that party that once claimed to stand for personal responsibility. The vote was 230 to 199 to strip her of her seats on the budget and education and labor committees. 11 republicans joining the democratic majority including illinois congressman adam kinzinger, who was not impressed by what she said at a Republican Party conference last night. Kevin mccarthy would have us believe she gave some serious apology. What did you hear . Yeah, so i dont like to go into a ton of detail from conference how about some . Ill tell you this. Yeah, ill give you some. Which is i didnt hear i didnt hear an apology. So no apology last night, he says. And certainly from what we heard today of her on the floor, none today. She spoke in the chamber and she didnt apologize. Well get to that in just a second. But first, before we go any further on her excuses and finger pointing we just want to pause for a second and just let you listen to her words and views th