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
Level as the controversy continues. President biden met with his Economic Team at the white house today, the administration has not yet said much on the controversy only saying talk to the sec and the feds are monitoring the situation. Strong backlash by some lawmakers including alexandria ocasiocortez and republican ted cruz. Republican senator josh hawley talked about this on fox news earlier. What youve seen with this gamestop meltdown that wall street is having now is these folks at home have got more criticism and more scrutiny than the people who singlehandedly crash the entire Financial Market in 2008. And they got bailed out, the government bailed out those people. It shows you that the fix is in. John White House Correspondent Kristin Fisher picks up reporting for us on this friday live on the north lawn. For the third day in a row, the white house is declining to weigh in on this controversy that has consumed both wall street and main street. The White House Press secretary w
At the front base of the speaker stand, theres a bunch of balloons about three feet deep. The somebody is clearing them out. Thatll be fun. Thats a job, balloon busting. Now thats the sergeant at arms clearing the aisles. Game on the stand there there with his two sons and two daughters, and two sons in law. Thank you. Thank you,. My good friend and a great republican, the Richard Nixon and is charming like pat. My running mate, that wonderful republican who has served us so well for so long. The four and his wife stephanie. Can to mr. Herbert hoover, who i hope is watching. Can that Great American and his wife, general and mrs. Eisenhower. To my own wife, and my family and to all of my republicans here assembled here in across this great nation. From this moment, united and determined, we will go Forward Together dedicated to the ultimate and undeniable greatness, of the whole man. Together rick, together we will win. Oscar [applause] i accept your nomination, with a deep sense of hum
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
Republican candidate for president. The convention took place in San Francisco and well now show you his acceptance speech from july 16th. Glory glory hallelujah right at the front base theres a bank of balloons, about three feet deep. Somebody is clearing them away. That would be fun. Its the sergeant at arms clearing the aisles. On the stand with senator and mrs. Goldwater are their two sons, two daughters, and two sonsinlaw. Thank you. [ cheers and applause ] thank you. Glory glory hallelujah [ cheers and applause ] [ crowd chanting ] good friend, a great republican dick nixon, and your charming wife, pat, my running mate, that wonderful republican who has served us so well for so long, bill miller, and his wife stephanie. To tristan morton, who has done such a commendable job in chairing this convention. [ applause ] so mr. Herbert hoover, whom i hope is watching. [ applause ] to that Great American and his wife, general and mrs. Wi n mrs. Eisenhower. To my own wife, my family, and