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
The question is, is the brokerage app ready to reverse that decision . Plus, democrats prepare to move forward with the president s economic aid package, but with the plan struggling to win the support of republicans, the question is, will democrats try to pass it without them . And capitol security. An arrest near the capitol yesterday shows why lawmakers continue to fear for their own safety. The question is, should the peoples house be behind a fence . Its Way Too Early for this. Good morning and welcome to Way Too Early, the show thats kind of wondering if its just safer to keep the money under the mattress. I am kasie hunt on this friday, january 29th. We will start with the news. Democrats are making plans to push through the president s nearly 2 trillion economic aid package with or without republican support. Speaker nancy pelosi says the house will lay the groundwork next week for whats called reconciliation, and that process would let them pass the bill with only democratic v
Company says its phase 3 trial in the u. S. Found its 72 effective in preventing moderate to severe symptoms and says it will file for Emergency Authorization in the coming week, that could mean approval by the end of february. Heres whats key, the vaccine does not require Ultra Cold Temperatures for storage and Shelf Life Is Good for up to two years, huge win. The other breaking story were following, scientists warning the u. S. Is in a race against time with the new Coronavirus Variants popping up across the country and one of those strains, the South African Variant, is now officially here. Two cases have been confirmed in the state of south carolina. Even more concerning, the state departments Public Health warning says that two infected adults had no recent travel history and no connection to one another. And its raising concerns the strain may already be circulating within the community as new data indicates the vaccines we have may be less effective against this one. That said,
Emergency use authorization next week. But there is a caveat, the efficacy of the j js vaccine dropped 57 from the highly contagious variant from south africa. Despite the travel van to stop that variant from coming over here, the new variant is already here. Two cases identified this week in South Carolina with two patients with no ties to each other and no travel history given that, signals community spread. During todays White House Briefing dr. Anthony fauci stressed the importance of vaccinating as many people as possible, as quickly as possible, before those mutant strains get out of control. Whether or not thats going to ultimately take over in the sense of being dominant is unclear by now. The projection that is made with regard to the uk is that probably by the end of march, the beginning of april, it actually will become more dominant in this country. The fundamental principle of getting people vaccinated as quickly and as efficiently as you possible can will always be the be
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