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
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
Up with been told go to college, get a job make a living. Frankly, thats just not realistic for a generation. It is really frustrating, the boomers think were lazy, you know the whole term pull up your boot straps and work hard, to get the same life they had . No, the world is very different these days the next pandemic in 2025 might wipe this all out anyway i have no time to wait for retirement youve got to will it into existence life just not fair, the world is a hot place, and the stock market which is the purest form of yolo. Short sellers continue to get hurt by wallstreetbets. Its making me sick. This is populism coming for capitalism through gamestop. On the surface i can be pretty scattered. In the water though its coming for me. Because youre seeing everything is quiet. You hear your bubbles, you hear breathing. And you just hear the water around you. I dont give a shit about risk. I was deployed to the middle east, we were doing antiterrorism force protection, so looking for
who just got fed upwith the world, got fedup with being told go to college,get a job, make a living. frankly,that s just not realistic for our generation. you know,it is really frustrating. the boomers,they think we re lazy. you know the whole term, pull up your bootstrapsand work hard and you get the same lifethat they had? no. the world is very,very different these days. hell, the next pandemicin 2025 might wipe us all out anyways. i ain t got timeto wait for retirement. you got to will itinto existence. life s just not fair.the world is a harsh place and the stock market was justthe purest form of yolo. [music playing] reporter: stocks up againthis morning, 12%. short sellerscontinue to get hurt by the thread wallstreetbets and other retail [interposing voices] reporter: all this whiningby wall street, it s making me sick. reporter: this is populismcoming for capitalism. gamestop. matt kelly: on surface,i can be pretty scattered. in the water, though,it s calming for me,
if you were making a filmabout wallstreetbets, what s the story to you? - [sighs] i think the story is abouta group of idiots, a very large group of idiots, who just got fed upwith the world, got fedup with being told go to college,get a job, make a living. frankly,that s just not realistic for our generation. you know,it is really frustrating. the boomers,they think we re lazy. you know the whole term, pull up your bootstrapsand work hard and you get the same lifethat they had? no. the world is very,very different these days. hell, the next pandemicin 2025 might wipe us all out anyways. i ain t got timeto wait for retirement. you got to will itinto existence. life s just not fair.the world is a harsh place and the stock market was justthe purest form of yolo. [music playing] reporter: stocks up againthis morning, 12%. short sellerscontinue to get hurt by the thread wallstreetbets and other retail [interposing voices] reporter: all this whiningby wall street, it s making me