We start with an Epic Battle Raging On Wall Street that has seen small time Amateur Investors take on the titans of the hedge fund industry. Its all centred around this company the struggling us computer Game Retailer gamestop. It shares have soared at much as 1700 after a group of private investors used online forums to drive up their price. And that has raised serious questions about how Financial Markets operate in the era of social media, as paul hawkins reports. This is a story of david versus goliath, of the amateur online investor beating the Big Traditional Wall Street traders. At the centre of it, gamestop, a struggling American Retailer Selling dvds and video games. A number of the Wall Street Traders picked up on its problems and bet money that its share price would fall, known in the business as shorting a stock. Only for this particular stock, Amateur Investors swapping tips on the social media site reddit saw it as an opportunity. They bought shares, which actually drove
Now as the fda begins approval of the first Covid Vaccine, and we take you inside the giant worldwide operation to distribute it. How one carrier plans to move billions of vaccines at temperatures well below zero. Swedens surge and the new restrictions now in place did their Herd Immunity Experiment fail the scare in the air. The windshield of this American Airlines plane cracked all over with passengers on board. And music with heart. Gloria estefans new mission and the heroic nurses who are stealing the show. Stand by me this is Nbc Nightly News with jose diazbalart good evening. As we hit more than 12 million covid cases today, the country finds itself in a perfect storm, a surging virus mixed with Colder Weather plus the strong pull of family and tradition. Were all making hard decisions about the upcoming Holiday Airports are crowded as many choose to travel to see family but hospitals are crowded, too, many at a breaking point it took nearly 100 days for the u. S. To reach its fi
Christmas with fears that travelers will deepen the crisis. Plus, reaction t a Supreme Court decision involving how many can worship together. To the rescue, the militarys new mission stepping up to help hospitals out of rooms and resources in the heartland. The effort to feed families this thanksgiving long lines across the country and a shocking new report, 1 in 6 without enough to eat. Black fridays best deals and a shopping season like no other, the one simple thing you can do to get the best buys online. And thanking health care heroes, the outpouring of love and kindness bringing smiles this holiday. This is Nbc Nightly News with lester holt. Good evening and happy thanksgiving im kate snow in for lester tonight and we begin with late breaking news, President Trump continuing to insist he won the election taking questions for the First Time Since the election and saying hes not ready to concede but the president also pledging to leave the white house if as expected the Electoral
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
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