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
settled into a modest house in the suburb of bellevue washington and set up shop in the garage. at first bezos called it cadabra. but when his lawyer heard it over the phone as cadaver, bezos looked for other options. he registered several more urls including relentless.com. to this day if you type in relentless.com it forwards to amazon.com and some would argue that relentless is a more fitting name for the organization. in the last days of october 1994 while rifling through the a section of the dictionary, bezos got to amazon and stopped. the earth s longest river seemed the perfect symbol for what bezos envisioned as the world s biggest bookstore. bezos launched amazon.com online
october 1994, 18,000 feet above davis, california. a group of skydivers is determined to make it into the record books. their goal? build a 46-parachute diamond or canopy and then separate and land safely. it will hold more eight skydivers than the world s best of 38. after years of planning, this morning is their last test jump before the next day s big jump. skydiving cameraman, brian scott, tapes the practice session. the skydivers will use the tape later to analyze the jump. canopy formation is multiple parachuters flying in formation. he will put a foot in the line and hold that parachute while someone else holds up the formation and you will form a diamond of parachutes.
hugh heffner, # 9 years old, announced he will stop producing nude pictures. why are they doing this? will the radical move succeed? joining me now is somebody who knows something about this, a former centerfold. play mate october 1994 and penthouse pet of the year in 2004. one of only two women to be thus featured in those competing publications. she is now married with three kids. she is quite accomplished. has a law degree and ph.d. in clinical psychology. why are they doing this? i think it s a wise rebranding move. they are trying to appeal to the younger male who no longer wants to hide playboy under the bed. they want to read it on their morning commute. this way they can get advertising, they can get celebrities to pose in provocative photos. and they don t have to pay as
october 1994, 18,000 feet above davis, california. a group of skydivers is determined to make it into the record books. their goal? build a 46 parachute diamond or canopy and then separate and land safely. it will hold more eight skydivers than the world s best of eight. this morning is their last test before the next day s big jump. skydiving cameraman, brian scott, tapes the practice session. the skydivers will use the tape later to analyze the jump. canopy formation is multiple parachuters flying in formation. he will put a foot in the line and hold that parachute while someone else holds up the formation and you will form a diamond of parachutes.