expelled. what is the republican party doing? amateur frenzy, investors trying to stick it to the mighty hedge fund. will they succeed? let's go outfront. good evening. i'm erin burnett. the enemy is within. the speaker of the house pointing the finger at members of congress when it comes to security at the capitol. >> the enemy is within the house of representatives. >> what exactly did you mean when you said the enemy is within? what exactly did you mean by that? >> it means we have members of congress who want to bring guns on the floor and have threatened violence on other members of congress. >> it comes amid growing democratic calls to censure, even expel qanon aligned congresswoman greene. she indicated her support for executing democratic politicians and supported, among other truly bizarre conspiracy theories, you know, that a plane didn't fly into the pentagon on 9/11. the parkland school shooting in which 17 people were killed, kids, was engineered by left wing anti-gun proponents. >> what i'm concerned about is the republican leadership in the house of representatives who is willing to overlook, ignore those statements. what could they be thinking or is thinking too generous a word for what they might be doing? >> republican leadership did not answer the question of what they were thinking because the leader was busy. minority leader kevin mccarthy, whose office said he will talk to greene, despite, of course, giving her a plum education committee assignment, he was traveling to visit the former president. now, that in and of itself is pretty striking. a publicly announced meeting between a party leader and a former president just eight days after a new president has been sworn in. i mean, that in and of itself is a very significant statement. mccarthy's goal in doing this is to ensure he's back in trump's good graces and the reason that he needs to go kiss trump's ring in person is because there was a day when mccarthy with a motion spoke what he clearly believes, which happens to be the truth about the capitol insurrection. >> the president bears responsibility for wednesday's attack on congress by mob rioters. >> so he said it. but then eight days passed. the political winds and the deep, deep base of the gop were still blowing trump's way, and so mccarthy just up and flipped the switch. >> do you believe that president, former president trump provoked -- >> i don't believe he provoked if you listen to what he said at the rally. >> so the absurdity of such a flip is why a lot of people disgusted for politicians. the truth is mccarthy got what he wanted from trump today, to go down and make his amends. trump releasing a statement after his meeting with mccarthy. the former president says, quote, president trump's popularity has never been stronger than it is today and his endorsement means more than perhaps any endorsement at any time. president trump has agreed to work with leader mccarthy in helping the republican party become the majority in the house. not the republican party. let's just be clear here. the republican party of trump, because it's two different parties now. mccarthy has bought all-in to the trump part. it's clear to him trump is more important than truth. and mccarthy is not alone in it his buy-in into this whole trump mythology. just a short time ago the republican congressman from florida matt gaetz got on a plane, traveled 1500 miles to his district to a tamme his republican colleague liz chain cheney. why? because cheney did not buy into trump's big lie. she didn't cast doubt on the election results and she also voted to impeach the former president for inciting the insurrection. she wrote, quote, the president of the united states summoned this mob, assembled the mob and lit the flame of this attack. everything that followed was his doing. none of this would have happened without the president. now, this is true and it is a fact. now, liz cheney, unlike kevin mccarthy, never flipped from that, she never wavered. and the price for that in the trump gop is to crush her. >> we are in a battle for the soul of the republican party, and i intend to win it. you can help me. you can help me break a corrupt system. you can send a representative who actually represents you, and you can send liz cheney home. back home to washington, d.c. >> they're in the same party. so, for a party that rails against cancel culture, they sure are cancelling a lot of people. they love the word cancel culture. cancelling liz cheney, that's the latest. she happened to speak the truth. she also, of course, republican party with censure in arizona, cancelling the republican arizona governor doug ducey because he did not buy into the election fraud lie. they also cancelled cindy mccain for not backing trump after trump, of course, you know, personally disparaged and demeaned her husband even after he died. it seems that matt gaetz should probably -- if he's consistent, be outraged at matt gaetz. >> you are canceled. that is the news of the day today, cancel culture is in its ultimate zenith. we are living in the renaissance of cancel culture. >> i'm not for the cancel culture. >> well, except for you are. manu raju is out live on capitol hill. he tells republicans to cut out the crap, this nasty infighting. you have goetz traveling 1500 miles in a pandemic to tell people in wyoming to vote against a sitting republican member of leadership. if that's cutting out the crap, okay. the democrats, though, are really upping the rhetoric with some of these charges. zm >> reporter: yeah, it is pretty remarkable to see. the tension is palpable on both sides particularly the democrats geared towards the republican in the aftermath of the violence that we saw on capitol hill. we've seen some democrats suggest that some republican members gave inside information to these insurrectionists who came and stormed the capitol. we don't know who has done that, if there is evidence of that, but we do know there is an investigation looking into that. we've also seen metal detectors being placed at all the entrances to the house chamber, an extraordinary move partly why nancy pelosi today said the enemy is within the house of representatives, noting how some members have tried to bring firearms into the house floor. and in a pretty remarkable tweet just earlier today, alexandria ocasio-cortez, the new york democratic progressive, fired back at ted cruz, the texas republican, saying, i'm happy to work with the republicans on this issue where there is common ground, but you almost had me murdered three weeks ago. so you can sit this one out. she went on to say, happy to work with almost any other gop that aren't trying to get me killed. in the meantime, if you want to help, you can resign. now, cruz responded saying that partisan anger is not healthy for this country, but it all goes back to what happened on january 6. cruz objected to the state of arizona's electoral results, joined house republicans during that debate, of course, is when the rioters came in on capitol hill that led to the deadly violence. r ransacked this building that i'm in right now. later cruz joined a handful of republicans to vote to overturn the state's results. it also happened in pennsylvania. they failed in that effort, but the tension from that day still very apparent here just several weeks later, erin. >> obviously when you look at the situation with kevin mccarthy today, right, this unprecedented meeting with the former president, that's what he went ahead and did, right, as opposed to dealing with the crisis within his own party and the issue of marjorie taylor greene which his own office said is serious and he's going to address. >> reporter: yeah, no question. they said -- mccarthy said he would actually have a conversation with marjorie taylor greene. there is no indication that has happened just yet. he actually has not addressed it himself. he's only said it through his spokesperson that he believes greene's comments were deeply disturbing, but i can tell you, erin, that behind the scenes there has not been much movement yet to discipline her on the republican side of the aisle. no indication she'll be stripped from the committee assignment. certainly no indication that there is movement in republicans to try to expel her from the house. her actions that happened before congress will undoubtedly be execute nightly newsed if she continues to press ahead on some of these pretty outrageous claims, we'll see how republicans respond then, erin. >> thank you very much, manu. i want to go out front to dan, a long-time republican donor. you've seen him on this program many times as we've been covering what's been happening in the party here the past few months. abby philip also with me. so, abby, you know, these charges from democrats that manu just detailed, are incredibly dramatic and incredibly serious. is nancy pelosi actually saying she thinks a republican member of congress would shoot somebody? >> reporter: well, you know, part of the problem for republicans is that they do have members who have a documented history of endorsing violence against democratic members, and specifically pelosi. i mean, marjorie taylor greene as our own k-file has reported, liked comments on social media that said that it would be easier for her to be shot in the head, things like that. so this is not something that's made up out of whole cloth. and then on top of that, having members refusing to disarm themselves before entering the chamber, refusing to go through metal detectors. there's definitely a culture of distrust on capitol hill. and i think that it's very hard for republicans to say this is an overreaction, considering that those members are still in congress, and also considering what happened on january 6th. >> you know, on the other side, dan, you've got the republican party, you know, i've been using the word cannibalism. matt gaetz travels across the country to tell people in wyoming to vote against the third ranking republican in the house, liz cheney, because she didn't say the election was rigged and she voted to impeach the president for his role in the insurrection. you have that going on. kevin mccarthy said stop the crap, the infighting, but isn't doing anything about it because he was down meeting with trump today getting his endorsement. >> yeah, so there's a lot of different things going on. first of all, i think what's going on with congressman greene is absolutely crazy. i think it's kind of outside the bounds of what a responsible member should be saying. and i think that the party should look at doing what they did to steve king and strip her committee assignments to try to really just send a strong message that this is completely outside the mainstream. what's happening with liz cheney i think is completely different. congressman goetz is grandstanding and trying to come up with some kind of purity test. i don't think this is how the republicans get back to the majority. i don't think this is how we should be wandering around the wilderness the next two years or four years. and i think that liz cheney should be up for -- if there was an additional one of john f. kennedy's profile in courage second book, i think she's earned herself a chapter in that book for speaking her mind. look, she's a clear-cut common sense conservative with a long term in this background. i think she voted her conscience here. i think she thought was trump did was abominable. i did. she stood up for it. to remove her from a leadership position is reactive and not helpful for getting the party to the majority. then with what's going on with mccarthy visiting trump tonight or today, i think that just shows that mccarthy wants to be speaker and he realizes he can't be speaker if trump -- if trump supports -- uses his $200 million bank account and his megaphone or what's left of it without the twitter account to support anti-establishment people that have wronged him and to take a list of grievances and go after 20 or 30 congressmen and use his monday and i name against incumbents, that is the exact opposite of what kevin mccarthy needs if he wants to be speaker. >> i mean, which is incredible. it's all personal political machinations going on with the exception of liz cheney, clearly, abbey, with the examples dan is going through here. what about this point, abby, with steve king they stripped him of his assignments. they effectively neutered him. marjorie taylor greene, kevin mccarthy put her on committees. >> reporter: yeah. >> a day ago. >> reporter: it's quite the opposite. what is really happening here is that kevin mccarthy is demonstrating in multiple ways that he believes where the wind is blowing politically for him is aligned not just with trump, but also with the fringe that is now a part of his conference in the republican house, that he is obviously afraid of reprimanding marjorie taylor greene in a real way because he understands on some level that some percentage of the republican base backs her up, believes some of the things that she believes. whether it's qanon or some of the other conspiracy theories. that's the scary part about what's going on here. and it is something that i think many republicans are not willing to acknowledge. but if you look at the poll numbers and you look at the way in which republican voters, about 75% of them, believe this election was stolen, that is a republican party that is completely outside of the realm of reality. and its leaders have absolutely no ability to get things back on track. >> go ahead, dan. yeah. >> if i could interject for a second. i agree with her. i think it's even more simple than that. what's going on by mccarthy visiting trump is clearly a case of -- trump has unleashed his own inner demons at the kbps of the expense of the republican party. him making the call to the secretary of state and him calling election fraud in georgia and costing us the senate seats, this is clearly mccarthy is on defense here. instead of being on offense against the biden administration and holding the biden administration accountable, trump has basically chosen himself over the party and it's causing, you know, both mcconnell with this impending trial in the senate and mccarthy by visiting him and having to deal with greene to both be on defense, at a time we should be focused on the biden nominees as republicans than focused on holding biden accountable for ill-advised economic policies and the republican leadership clearly can't do that. they're focused on defense right now. >> and they're focused still on -- it all still comes back to this question in the election itself. right? i call it the trump gop and the other gop. i don't know how it's all going to play out, but that's what you're dealing with, dan. >> it's a civil war. >> yeah, it is. and, abby, let me ask you about this. this whole cancel culture thing -- i think there are people across the political spectrum who are, you know, have issues with cancel culture and what it's done to conversation. but it's very interesting, republican congressman adam kinzinger voted, of course, to impeach trump with liz cheney. he responded to goetz attacks on liz cheney saying this is gop cancel culture. i railed on cancel culture, how terrible it is. trump used to love this whole cancel culture beat. remember this? >> if you disagree with them, they try to humiliate you, smear you, and cancel you. cancel culture, right? a vote for biden is a vote to give control of government over to the globalists and the communists, socialists and wealthy liberal hypocrites who want to silence, cancel, and punish you. cancel culture, they call it. the efforts to censor, cancel and blacklist our fellow citizens are wrong and they are dangerous. a >> congressman said what they're doing with cancel culture is exactly what they're doing, abby. you weren't doing exactly what we wanted. get out. >> reporter: this is clearly not the big tent, some kind of big tent republican party president trump specifically wants. he wants people who support him and back him up. it really has absolutely nothing to do with ideology, but that's the reality that republicans are living in. he's concerned about being canceled from social media if he spreads falsehoods. but in reality, the republican party of today in trump's mind should be lockstep with him. and everyone else who disagrees needs to be kicked out or pushed out. and that is what we are seeing with liz cheney and with the ten other republicans who voted for impeachment who are getting an enormous amount of backlash on -- back in their districts right now. >> well -- >> trump wants the smaller republican party that's more loyal to him. unfortunately as a republican that's not what i want to see right now. we need a bigger tent and we need to be thinking about how we can win the midterms in 2022 and potentially win the white house in 2024. trump's actions are coming against that. i just think a lot of republican voters haven't quite figured that out yet. >> as you point out, republicans of 25, 26% of the overall population, as you point out, that number is going to get smaller and smarl. it's not going to help people like you. thank you both very much. i appreciate your time. >> thank you. >> next, congresswoman marjorie taylor greene holding a town hall after her controversial statements are exposed including this about nancy pelosi. >> she's guilty of treason. it's a crime punishable by death. >> plus breaking news. the maker of one vaccine now warning the effectiveness of that vaccine plunges against the strain first identified in south africa. a strain that has, as of tonight, formally been discovered here in the united states. and amateur traders taking on wall street and some of them making a lot of money off gamestop. at least for now. how are they 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this wasn't a conspiracy of several people that got together and created a story. this is literally thousands of people in different states and different voting precincts, different counties, and they all signed these affidavits. >> i just want to make a point here that thsis is crazy, okay. the evidence she's talking about doesn't exist. there were more than 60 court cases, whatever was out there was presented. 60 of them failed. i hate to say it again, but when someone says stuff like that, the facts need to be put out there. the people in that room inside without masks, not socially distanced listening to her are listening to these lies, right. and she's in congress and she's going to be put on committees. and so not only is there this conspiracy lie that she's putting out there, she's now trying to delete dozens of old social media posts that are getting the scrutiny even of kevin mccarthy's office saying they're unacceptable. today we actually found a posting that she said lasers from space caused california wildfires. kaye discovered these posts on nancy pelosi from 2018. >> she's guilty of treason. it's a crime punishable by death. is what treason is. nancy pelosi is guilty of treason. >> martin savage is out front at the town hall in dallas, georgia. so, martin, what are you hearing from her constituents about her past comments, conspiracy theories? by the way she's also said there's no evidence that a plane flew into the pentagon on 9/11. some of this stuff is just crazy. >> reporter: right, and crazy is the real word here. the thing to point out is that for those who showed up at the town hall meeting tonight, they believe it. they believe just about all of it. in fact, two things you could get from this meeting tonight. one, it's clear that the congresswoman herself feels emboldened. in fact, the more that she is attacked, and that's the way she describes it, the more that she feels she is in the right. and what is obvious by about the 60 to 70 people in attendance, none of them wearing masks, they all believe it, too. we're only about 40 miles outside of the city of atlanta. this is the town of dallas. we weren't allowed inside that meeting. it was made clear by law enforcement and the congresswoman's office that we weren't going to be getting in. we could listen via facebook feed. but what you find out is that the mind-set of her mind matches to many of those who listen. and i point out, this conversation i had with a gentleman in downtown dallas just before this town hall meeting tonight. listen in. >> she was not a congresswoman at the time. >> reporter: but she is your congresswoman now, and i just ask if that is the right way for a congresswoman to act. >> like you just say, she wasn't a congresswoman right then, and i don't allow things in my past that i ain't proud of now. but i'm not going to run for congress and i'm not going to run for senator. >> reporter: you haven't changed your mind one bit about her, have you? >> not a bit. i like her. >> reporter: is there anything that would change your mind about her? you know, we even talked about david hogg at that time and she had been running down the street to a cost the man who survived that deadly parkland high school shooting. and that's the reaction he had. poisoned minds. that's about the only thing that you can really think of here. people have been so inundated with the conspiracy theories and with what they believe is the truth, even though you point out fact, even though you come at them time and time again and say that that is wrong. to they m it's not. it's a disturbing and troubling thing to wit, and it's clear that the congresswoman is happy to go along with it. >> it's really amazing. i think we've gotten to a point you have to accept, right. it's an alternate reality. they're not facts, they're not alternate facts. it is an alternate reality and it is not based on facts. thank you very much, martin savage. just to go there it's amazing. no one is even -- press allowed in to where marty was and had to watch on the facebook feed because they're not even allowing the press. for now, republican state senator from georgia chuck hostetler represents some of the same people representative green represents. we had the opportunity to speak before. let me ask you about the constituent first, the gentleman, the man you heard speaking to martin savage, right. he depends the woman's past comments. i don't know what specifically that was about, when she went after the teen whose friends had died in the school shooting, the plane, whatever it might have been. but his thing was i have a lot of bad things in my past, too. he said there was nothing she could do that would make him change his support. what's your reaction? >> it's sad. dallas isn't in my district, but it's sad for me to see this kind of reaction from these people. the fact that they don't want to look at reality and, you know, we don't treat this behavior the same in the majority of legislature. we had a chair removed for putting debunked theories out there that were clearly not there. we had a house member evicted for not following covid protocol this week in his office space taken away from him. we had a member last year for racist comments. another was given the choice to resigned or be expelled. we as republicans need to have certain standards. >> they don't have them on capitol hill. they don't seem to have the same ones on capitol hill. she got committee assignments. >> i think there is some intimidation there. >> let me ask you. because the reason you and i spoke before you were on the show, you were very early to say joe biden beat donald trump and was the president, that he had won. you said it was important for you and other officials to tell the truth. but we just heard congresswoman greene right now, right, january 28th, we have a new president. she just -- i don't know if you heard her, right, but she just said that, that they want to present this evidence in court. there were thousands of people in all these states with this whole conspiracy. i mean, at this point what do you do? there were 60 or 70 people in that room. as martin said, every single one of them believes this stuff and it's just a lie. >> well, fortunately there's a lot of people that don't. in my state senate district she did not get the majority vote. but it is distressing, the false lies that go on social media that travel so much faster and get believed. and you know, when you're advocating violence against congressional members, when you're having parents have to listen to you say, no, they're child didn't really die, it was staged, it's outrageous, totally unacceptable and the republican party needs to take care of. >> i appreciate your speaking out. i know it's not easy to do it. there are people who come after you for doing it. but i hope there are people in washington that hear you and the republican party that hear you and step up and do the right thing. senator, i appreciate your time. >> thanks. i appreciate it. >> all right. as i said, republican state senator from georgia chuck hostetler. next, the contagious strain of coronavirus in south africa. there are signs the current vaccine don't work against that variant. an armed man was arrested near the capitol. he had stop the steal paperwork and a list of lawmakers. one of the worst things about a cold sore is how it can make you feel. but, when used at the first sign, abreva can get you back to being you in just 2 and a half days. be kinder to yourself and tougher on your cold sores. the new myww+ gives you more of what you need to help you lose weight! more simplicity with the what's in your fridge? recipe feature. and more motivation with on-demand workout classes. the new myww+. join today for 40% off, plus our kitchen essentials kit! breaking news. coronavirus vaccine maker novavax releasing new data showing the vaccine's effectiveness plunges against the variant first identified in south africa. it is a highly contagious covid m mutant. authorities warned this could be the case. it comes as the united states detects its first cases of the south african strain in south carolina. outfront now, professor william hazeltin and jonathan reiner under president george w. bush. professor, let me start off with novavax, they've been doing studies in south africa on their vaccine. so they say overall against the plain old coronavirus, 89% effective. in the south african trial against that specific variant, that efficacy plunges to 60% which, of course, would be below herd immunity. what does that tell you as these variants spread in the united states and obviously given the fact there are so many variants, there are going to continue to be more. >> it tells you that the variants are a serious problem. that not only does the study show that the vaccines don't fully protect against this variant. the same study shows that if you're already infected with covid, you can be reinfected by this variant. the take-home message for the average person is if you're vaccinated, you may not be protected against these variants, so you must continue your precautions. it also tells you if you have been infected by covid, you are probably not resistant to these variants, and so you should take precautions. and it's a foretaste of what may come as another dark winter unless we are able to eradicate this virus, take every possible step now to stamp it out within our borders and around the world. >> dr. reiner, look, anybody watching this, this is depressing. this is not what people want to hear. it's upsetting. let me ask you from the policy perspective. the biden administration has now imposed travel restrictions on anyone coming from south africa, but that only applies to people who are not u.s. citizens, which is the same thing trump did with his bans from europe and elsewhere. u.s. citizens were allowed to go. the virus doesn't care what you're a citizen of. should they be doing more at this point if it's already here and we know one person has it? do you just throw your hands up in the air? >> no, we don't throw our hands up in the air. i think you're right, we do know it's already here in the united states. but it does make sense to limit travel from places where this variant is most endemic. and you can do that with travel restrictions, as are in place now. you can do it by mandatory testing. i think we need to strengthen mandatory testing. we are already seeing international flights requiring testing within three days. but as we move toward maybe using rapid paper-based antigen test, everyone getting on an airplane needs to be tested the day they're getting on an airplane to make sure that people who are already infected are not coming to the united states. we need to do this. and also perhaps quarantine, once people come to the united states, enforce quarantines. these are proven policy initiatives. we're in the midst of a vicious pandemic and we need to use as dr. hazeltine said, every possible tool available to us. these just are common sense. >> should we be doing, doctor, what they do in other countries. force you to go to a hotel. they do that in the u.k. they force you to do that. they don't say, we might checkup on you if you're violating your quarantine. should we be literally doing that if you land at jfk on south african air was, whatever it might be, united, make you go to a hotel and you have to sit there? >> the places who have done that have the lowest covid rates in the world. placed like taiwan, where you went to a hotel 14 are days, they have the lowest covid rates in the world. i don't get the sense this country is willing to do that, but we need to do as much as we can. >> professor, the cdc director, dr. rashel whatolenski was aske given the problem should we be recommending n95 masks everyone is wearing. sh here's what she said. >> i have spent a reasonable amount of time in an n95 mask. they're hard to tolerate all day every day. when you think about how well people will wear them, i worry that if we suggest or require that people wear n95s, they won't wear them all the time. >> okay. we all get that, that makes sense, professor. dr. fauci was asked about double masking. the reason this is coming up, not because these variants would be vaccine resistant, but because they're much more transmissible, right? he said it's more effective for a double mask. today he backtracked, he wants everyone to wear a mask to begin with. cdc hasn't recommended n95 or double masking. why is it confusing right now? >> what we now know is the virus is far more infectious and the south african strain and even newer strains that are emerging may be much more infectious. that means very few particles that can exit a single-ply mask, one piece of paper or one piece of cloth, may be enough to infect your neighbor. so that's why they're talking about double masking or more masks. what i personally would recommend is a triple-ply mask and a face shield. face shields are under used. they're very effective in hospital settings of reducing infections close to 0 for those who wear an n95 mask. they really are effective. they're not intrusive. when i go into an area where i think people might be infected, i wear an n95 mask and face shield. >> they don't make your breathing doubly harder for people to understand, which can be hard for everybody. >> face shields with a mask. >> with a masks, yes. i didn't mean to imply not with a mask underneath it. thank you both very much. i appreciate it. next, traders on wall street pushing one stock up more than 1,000% this month. although it plunged today. so what's really going on here? how do they do it and what now? plus, could a permanent fence be going up around the capitol of the united states? liberty mutual customizes your home insurance, here's one that'll really take you back. it's customized home insurance from 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trading at $17. not very high. part of the reason is gamestop's business prospects aren't great. a lot of big guys were betting it was going to go down. okay, then the little guys get in and they want to take them out. at one point this morning -- let me give you a sense of the volatility. in premarket trading, gamestop was as high as $500 a share. shares were up 1,000 since above 17 since the beginning of the month. if you want to ride a roller coaster, you have to be careful of the fall. it closed down 44%. if you got in on this train and go, you've lost half your money. so it's risky. but these rookie traders have succeeded in putting a big hedge fund out of the game completely. hedge funds have been getting gamestop shares would go lower. they thought the company's business prospects were bad. so if a stock goes up when they're betting it's going to go down, they lose a lot of money and that's what happened. the amateur traders pushed the stock higher, higher, they made money at the hedge fund's expense. it's not just gamestop. a number of other companies whose business prospects are pitiful, amc, bed bath and beyond, black berry, remember, they used to make devices, they've seen their stocks go up because of this game. big guys betting it goes down, little guys come in, send it up. the toll on powerful hedge funds has been huge. they got hit so hard according to wall street journal it got a $2.75 billion bailout from two other hedge funds. tonight the rookie traders jobs are getting harder because they were trading the stocks using online brokerages like robinhood. now robinhood and others are restricting trades of gamestop. robinhood now says it's going to allow limited purchases of the stock starting tomorrow. this, of course s all of this is igniting a whole new level of outrage with the incoming chair of the senate banking chair and others vowing to investigate what's happening here. outfront now is james, former business reporter for the new yorker, author of the wisdom of crowds. i hope you've read his work. it's always excellent. let me ask you, james. first of all, how did this happen, right? you've got an internet forum that says, you know what, giddyup, let's go on gamestop. they succeed. they get this hedge fund out of business with a nearly $3 billion bet. how did they do it? >> i think the key thing to understand and one of the reasons why the story is so interesting is that it wasn't just a case of people being sort of hysterical or delusional the way we saw you could argue, say, in the late 1990s during the internet bubble. this was actually a pretty calculated and fairly sophisticated trading strategy that this group of traders, speculators, random people on this mainly on this internet subreddit called r wall street betts came up with. and the basic idea was that as you mentioned, gamestop was really heavily shorted. so you had all these big hedge funds betting against it. and the problem for shorts is as you said, as the price rises, the pain gets greater, right. every dollar the price rises, there's a dollar they're losing. and since shorts borrow shares when they sell them, at some point if the pain gets too great, they have to buy the shares back and just -- what they said, what wall street would say is close out their short. when they do that they drive the price up because they're buying the stock. that innetflicts more pain on t sellers and that drives the stock up. so what these random internet guys basically said was, if we can get enough buying power together and all kind of stick to our guns, we can actually create what is called a short squeeze and basically force the shorts to lose tons of money to have to buy back the stock. that will drive it higher. and they also used options trading in a pretty sophisticated way to do the same thing. so, you know, this was actually a pretty clever strategy that a bunch of people with no leader, no clear organization came up with. >> right. >> and then executed and that's part of what makes it an amazing story. >> it is. your expert wisdom of crowds. the fact you can do it on social media is fascinating. one of the things, though, as you're pointing out, and i know there's a wide variety of people in this group, some of them sophisticated. the problem is when you see a stock surge like this, it's a cheap stock, you can get and they could be borrowing on margin. and then all of a sudden the price changes dramatically and they get crushed. okay? we see a stock plunge 50% in a day. and by the way, this is a company that the whole point is its prospects are terrible, right? so it's not going to keep going up, people. how does this end? >> yeah, i don't know how it ends because i would actually distinguish, say, between what happened in gamestop until maybe tuesday when it was clearly rising higher on the basis mainly of this strategy, of kind of forcing the shorts to crack. and of using these options trading strategies to drive the price higher. and then as you said, at some point it was up -- i can't remember, it was up 51% on friday, maybe 18% on monday, and then it was up 90-plus percent on tuesday. then elon musk tweeted about it after the close. that sent the stock soaring even higher. so you're right. it started to get in people who are basically just retail traders who were like whoa, this thing is riding high, i'd better get on it. and that's the real danger there. so i would say the last few days you've probably seen more trading like that. there's actually been an incredible amount of trading in the stock. the weird question, and i think the hard question to answer is where does it end? because the people on this board have been basically counseling each other, reassuring each other, encouraging each other saying hold the line, don't crack, we can still crush the shorts. and they basically had elevated the stock in some ways by a kind of collective act of will. the problem is once the stock starts falling the question is how long that will last. i don't think we have an answer to it. we're really in pretty uncharted territory. but the danger is that the fundamentals of this stock obviously do not support anything close to $195 stock price. so if it starts falling, there's a long way for it to fall. >> right. and this is the thing. and then people can get hurt. all right. thank you very much. james, i appreciate your time. look forward to talking to you as this plays out. it has certainly captured the popular imagination and the attention of capitol hill as well. thank you. and next, cnn learning the man arrested near the capitol yesterday with a gun and 20 rounds of ammunition had a list with names of lawmakers. details are next. plus tragic news tonight. we're learning another officer who responded to the capitol hill riot has taken his own life. ...or this... ...or even this... ...we've seen and covered it. so, call 1-800-farmers and get a quote today. ♪ we are farmers. bum-pa-dum, bum-bum-bum-bum ♪ something else going on here or that he was any kind of threat. but it does tell you just what's going on around d.c. right now and the concern that police are on the lookout for this. they stopped him. they asked him some questions. he admitted to possessing the weapon. and then they found the ammunition. he's 71 years old from west virginia. and basically his name is dennis westover. they interacted with him. he was agitated. they then find, as you said, a list of names of lawmakers and some contact information. we've also learned there was facebook postings from him where he was supporting the former president donald trump and also a qanon supporter, erin. so all of this obviously very concerning for investigators. they are on the lookout for this as people come here from out of state. they are stopping him and they are questioning him. this is not the first incident like this here in washington, d.c. >> and i also want to ask you about jeffrey smith. metropolitan police officer. i mean, just the tragedy of what has come out of this riot. capitol police officer we just learned has died by suicide. >> that's right. >> what more can you tell us about him? >> sadly, he's not the only one. we learned yesterday from the head of the d.c. police about jeffrey smith. and then another individual as well is howard levingood, who also died by suicide. they didn't really explain much more. but you can tell the toll this has taken on the capitol police but also the d.c. police. they were in there, in the moments after the insurrection started and battling with many of the people there. in some cases it was hand-to-hand combat. you know, some of them tortured in some ways. we've heard how one officer was tasered, how they were using bear spray at the police. so there were some very, very tough moments. and you almost understand that in the aftermath of seeing all this, one can only imagine how many of these officers must feel. and sadly, we are seeing some of the effects of this. >> that's just -- it is incomprehensible. it is so tragic. multiple people committing suicide. i don't have words for it. thank you very much, shimon. and next, we are just learning tonight that hollywood icon scicely tyson has died. tonight we pay tribute to her, the groundbreaking legend. it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? delegating? oh, good one. move your xfinity services without breaking a sweat. now that's simple, easy, awesome. xfinity makes moving easy. go online to transfer your services in about a minute. get started today. all right. we do have -- just want to let you know, we have learned about the death of cicely tyson, the icon, icon actress. she was 96 years old. she won emmys, a tony award, an honorary oscar, and she worked steadily across many, many, many decades. she won praise from critics, from fans because she refused to play parts that she believed put down black women. in 2016 she was awarded the medal of freedom by president obama. and she achieved great acclaim. she was nominated for an academy award in fact for her moving role in "sounder." and she may be best remembered by some of you watching for the autobiography of miss jane pittman. may ms. tyson rest in peace. thank you all for joining us. anderson starts now. good evening. if you were wondering how long a disgraced ex-president has to wait to be forgiven these days after inciting a deadly insurrection against the seat of democracy in hopes of overturning the election he lost, the answer is three weeks and a day. that's how long it took house minority leader kevin mccarthy to make the pilgrimage to mar-a-lago and pay his respects to the former president. he went on his own initiative to talk strategy about taking back the house in 2022. he also went to try to make sure he would stay in the president's good graces, it seems. the ex-president's political action committee put out

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