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
Morning for all of these lawmakers. Bring us up to speed on whats going on now and what it means for americans who need help in the pandemic. Reporter i thought when i woke up this morning i thought it would be over and its still going on. Voterama is still going on. Marathon session to try to pass amendments for budget reconciliation. First step that needs to happen so that they can pascoe individual 19 relief without any support. Now the senate doesnt do this very often. It shows how important it is. There was one amendment that all senators agreed on except for rand paul. Targeted stimulus checks for the next round of covid19 relief. This comes as 10 senators were clear with biden they want to continue this dialogue. They want to continue talking about covid19 relief. They have concerns about his 1. 9 trillion package. They want something smaller. They want something more targeted. They sent a letter to him hoping to continue that conversation, but janet yellen has been clear, she s
This. Republican leader Kevin Mccarthy made the claim overnight he doesnt even know what the Conspiracy Group qanon is. He might want to check the tape from january 6th. Some of them invaded his office. Or do a oneminute google search. Meanwhile, liz cheney got an earful from her gop colleagues but she survived an attempt to remove her from leadership because she dared to vote former President Trump for inciting that deadly insurrection. The final vote was 14561. And it was conducted in a Secret Ballot, meaning the republicans who stood behind her can remain anonymous. Joining me now is republican congressman Adam Kinzinger, an outspoken supporter of liz cheney. Outspoken in the suggestion that Marjorie Taylor greene should lose her Committee Posts. Congressman kinzinger, thanks for being with us. You had a heck of a night last night. How would you describe what happened . So, i want to put this up front. I dont reveal details from conference because but what ill tell you last night wa
Today in the broader house regarding Marjorie Taylor greene . Democrats have the majority. We have at least one republican saying theyre vote to remove. So it seems Fait Accompli for her. Reporter this is something hardly ever done. The house taking action to strip a member of an opposing partys Committee Assignments. That is something that could create a precedent that future majorities could certainly replicate. But the democrats say they have to move forward now because of the dangerous views that Marjorie Taylor greene has expressed over her last couple of years, whether it is about the massacres at the Parkland High School in florida, or if it is about the promoting the qanon conspiracy theory. They say there is no room on congressional committees for her and it is time for the house to act. And that is exactly what they will do this afternoon. A simple majority will vote to remove her from the House Budget Committee and the house education committee. Now this came after the repub
Loony lies, conspiracy theories are cancer for the Republican Party and our country. Somebody that suggested perhaps no airplane hit the Pentagon On 9 11, that horrifying School Shootings were prestaged, that the clintons crashed jfk jr. s airplane is not living in reality. This has nothing to do with the challenges facing American Families or the robust debates on substance that can strengthen the party. Now, i would wager every one of you agrees with what i just said. But you have not heard this from the majority of gopers in congress. Here is the question. Is that about to change . Why might it change . Because i just read a quote from senator Mitch Mcconnell. Hes the guy who just said that. He just said it. The media is amazed at his amazing candor. Seriously . One, he is stating the obvious. Two, the only amazing thing is how long it took. And, yet, relatively, he is ahead of the curve. Because what is truly amazing is there is a retrumplican who actually thinks democrats drink th