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
The question is, is the brokerage app ready to reverse that decision . Plus, democrats prepare to move forward with the president s economic aid package, but with the plan struggling to win the support of republicans, the question is, will democrats try to pass it without them . And capitol security. An arrest near the capitol yesterday shows why lawmakers continue to fear for their own safety. The question is, should the peoples house be behind a fence . Its Way Too Early for this. Good morning and welcome to Way Too Early, the show thats kind of wondering if its just safer to keep the money under the mattress. I am kasie hunt on this friday, january 29th. We will start with the news. Democrats are making plans to push through the president s nearly 2 trillion economic aid package with or without republican support. Speaker nancy pelosi says the house will lay the groundwork next week for whats called reconciliation, and that process would let them pass the bill with only democratic v
But i think that the idea now is that we have to hit back hard, we have to hit back strong if were going to finally put this dual crisis of the pandemic and the economic pain that is engendered behind us. With respect to larrys point, one thing is just wrong, which is that our team is dismissive of inflationary risks. Weve constantly argued that the risks of doing too little are far greater than the risk of going big. Providing families and businesses with the relief they need to finally put this virus behind us. Second, i want to quote fed chair Jerome Powell who strongly reiterated this view the other day, i think it was just a week or so ago, that inflationary risks are also asymmetric right now. Im much more afraid of people losing their careers and life that they built because they dont get back to work in time. Im more concerned about what that will do not just to their lives but to the American Economy. Im more concerned about that than which exists with higher inflation. In our
I think it was an effective measure. The idea now is we have to hit back hard. We have to hit back strong if were going to finally put this dual crisis of the pandemic and economic payment engendered behind us. With respect to larrys point, one thing is just wrong which is our team is dismissive of inflationary risks. We have constantly argued the risks of doing too little are far greater than the risk of going big. Providing families and businesses with the relief they need to put this virus behind us. I want to quote Jerome Powell who strongly reiterated this view the other day. I think it was a week or so ago that inflationary risks are also asymmetric. He said, im much more worry about falling short of a complete recovery and losing peoples careers and lives they built because they dont get back to work in time. Im more concerned about the damage that will do, not just to their lives but to the United States economy, to the productive capacity of the economy. Im more concerned abou
Meeting she insisted she would not apologize for her vote. That as Kevin Mccarthy refuses to strip assignments from q anons Marjory Taylor greene. Vote tomorrow. Stay tuned for that. John harwood is here and ryan nobles as well. Ryan, you have been following all of the drama on the capitol tonight. Tell us about what happened inside this gop meeting, please. It was pretty remarkable, don. This was a meeting that spanned more than four hours tonight here on capitol hill. Were told at times that the meeting was pretty tense, that, you know, members within books were given the opportunity to stand up and say whatever they wanted about either liz cheney or Marjory Taylor greene, really whats most interesting about the outcome of all this, were told that inside the room, most of the incoming fire was directed at liz cheney, not at Marjory Taylor greene. In fact, Marjory Taylor greene spoke, she even received a partial standing ovation, but that didnt reflect the ultimate results. In fact, l