Republicans are calling a new report from the hard left Attorney General evidence of massive corruption and the coverup at the highest level, deadly effect on some of the most vulnerable, our countrys seniors, the story everyone is talking about, kind of rebellion against finance and government, gamers with money to spare, some members of both Political Parties uniting behind the redit rebellion, folks by the handle Roaring Kitty taking it to a firm called; merrill, the little guys driving up share prices at the expense of the big guys, some say the trading were mirrors our politics of today, the very rich dont take challenges to their power without a major fight. Get off your phone. They have a stake in robin hood and tell them what to do. They are screwing us over. All of it is just kind of colliding this week in a pretty remarkable unfolding of events. Shannon welcome to fox news at night, Breaking News on Market Manipulation from the Business Breaking News leader himself, Charlie G
Jillian oh man, it is good for free but the act of kindness was so much more. Fox and friends first continues right now. You want it you want it you got it you want it you got it todd i have no connection to this song. What is more difficult . Explaining the game stop story or saying Game Stop Stock . Jillian i thought you were going to say what is harder to do, explain that story or nail a free like that kid did . Or bust a move. Todd all three very different. You are watching Fox And Friends First is friday morning, we made it. Jillian thanks for joining us. In a few hours, trading at robin hood will reopen Game Stop Stock purchases after they were restricted on platform. Todd she nailed it. It is your turn, ashley strum ill Ashley Strohmeyer as they are facing lawsuits. Reporter the company said starting today they plan to, quote, allow securities and monitor and make adjustments as they safe it. And they will clarify what happened saying, quote, risk and management decisions not ma
We all want to go Back To School. We also want to go back to School Safely and make sure in addition to getting high up on the Priority List of being vaccinated we want to make sure there is robust testing. When i was home a few weeks ago with Family Members in the School System they had to insure they got their test. Proper protocols. The Biden Administration says theyre following the signs. Weve known since last summers that schools are not a place of spread for covid19. The School Systems got 65 billion last year from congress in covid relief to put in Safety Precautions to allow teachers to get Back To School. The bottom line at this point is that good teachers who want to go Back To School are being held hostage by these Teachers Unions and theyre now extorting the american taxpayer for more money claiming they dont have enough money to go Back To School when theyve been funded and we have the science again with the cdc report this week showing that this disease does not spread in
That are being organized on facebook and read it buying the stock, bidding it up, causing those institutions to lose money here. Talking to the tune of billions of dollars over the past week or so for the sec, Securities Exchange commission is watching this and a sec regulator told me you might be hard for them to find a violation. Listen. I think when it comes to regulating the speech or regulating content, thats a huge challenge and certainly from a securities regulation perspective. I dont think the sec can regulate speech which everyone has the right to regulate in the sense charging a crime for doing it. What has lawmakers concerned is that robin hood is billed as a free Trading Platform had actually stopped or halted trades on gamestop and some of these others that were shorted which allowed the institutions to make back some of their money in those shorts yesterday. If robin hood said it needed the pause to collect collateral for its clearing house. They raised A Billion Dollars
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