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 forms like reddit, facebook, tiktok and decided and encouraged each other to buy back shares of gamestop, pushing the price up. You saw the stock climb over 1500 in the month of january. The shortsellers that bet the stock would fall lost a lot of money. We saw similar swings with amc, nokia, blackberry. Because of this massive volatility today, you have Trading Platforms like Interactive Brokers as well as robinhood restrict trades which means they stopped people from being able to buy shares of gamestop, amc, nokia to name a few. Some users were so angry that they filed two Class Action Complaints against robinhood because of this stock drama, you brought together lawmakers from both sides of the aisle. Yet house representative alexandria ocasiocortez as well as senator ted cruz both Bashing Robinhood on twitter because of the trade restrictions. Wall street veterans that are concerned, warning Retail Investors have a lot to lose. They are not diversified. They may be inexperienced and many lost a lot of money because the shares did drop dramatically. On the flip side, a lot of these Retail Investors are saying this is less about the fundamentals of the company, less about the stock itself and more so about the fight against corporate interests and wall street. Bret, back to you. Bret great summation. Thank you. Billions of dollars have been gained and lost during just the last few days. As a political issue, as you heard, it made for interesting bedfellows with aoc on the same side as ted cruz and rush limbaugh. Charles payne of fox business joins us to straighten this all out. The evening, charles. I heard you yesterday talking about this and getting fired up about it. People have come down and said should this be changed, the way the markets work . Talk to me about it. Heres the thing, bret. Ive been doing this for over 30 years. I have taken Companies Public as a broker. I took my own Company Public and i have been a consultant. I know this industry inside and out and this has been one area thats upset me tremendously for a long time. Market purists and these rich headphones folks say shorting is good. It helps liquidity. Keeps the market running. Its a good thing. Was not a good thing is if you issued ten shares and Bret Baier Incorporated and somebody saw that it was worth 100 and thought maybe i can drive us. Its a great company. They were able to borrow 20 shares. You issued ten that they can borrow 20 and sell it and keep selling it. And pounded and pounded and pounded into submission. All the investors who believed in Bret Baier Incorporated also lose their shirt. This is whats happening. Its not about trading. Its about a Cottage Industry of wealthy billionaires who have been able to pound stocks into complete submission. Its not about a trade, its not about them thinking its oversold. Its about them thinking its not as hopeless, no Brokerage Firms covering it or most have a Hold Operating on it. No one is going to come to its defense. They are not looking for a trade. They are looking for total submission. You get a bunch of young investors mostly, novice investors excited and they notice if you buy the stocks, sometimes they get squeezed. The person that shorted your stock at 10 may have to buy it at 12, may have to buy it at 14 and they start getting nervous and on and on. Its a classic short squeeze, the ultimate short squeeze. What compounds the problem in addition to these hedge funds being able to borrow unlimited amounts of stock and artificially sell it. Its not a real market. They are making a market to the downside. You have the Platforms Including Robinhood and i say shame on them. They have stopped the investors from buying stock so i can only sell it. Okay, they can sell it. The shorts can sell it. Of course its going to go down. Its a serious injustice. If somethings going to be done, something should be done on the ability to get 140 of a companys float which obviously doesnt exist and sell it into the market. Bret for the people who say listen, we are doing this to protect the little guy, you say what . Some little guys made a lot of money in a short period of time. But there could be some holding a bag at the end back in the big guys often dont. The big guys get there is. I think its a disingenuous argument. General electric was the number one stock in the entire world, number one market cap and wall street said to everybody put this in your retirement fund. 50 bucks a share. He went to 6. You can lose money on the bluest of blue chip stocks. The bottom line is the stock market is supposed to be democratized. Everyone is supposed to be able to take a shot and if you get burned, you get burned. Thats what the stock market is, free market exchange. I think its going higher. You think its going lower. Lets play by the same rules. I dont think these platforms did this for the little guy. I believe they circled the wagons to help the hedge funds who control wall street who, by the way, ordered flow from robinhood. You dont seduce people into trading by giving them free stock and commercials and talking about the beauty of investing and then when you have the biggest folks on wall street ready to crack, pulled the rug out from under those same people. Its a shame. Bret charles, i love your perspective. This is not the end of this story. Thanks, man. No, its not. Thanks. Bret also breaking tonight, new York Governor Andrew Cuomo has not faced many questions about the number of Nursing Home Deaths in his state or the order he signed to put infected Covid Patients and those homes. But over months when he has been asked, the governor shifted blame, as his answers evolved. I would take all of these numbers with a grain of salt. What is a presumed death . We presume, how do you presume it to be coronavirus . The conspiracy they are trying to spread has no factual basis. But yes, people in Nursing Homes died and they are playing politics with the issue. Incompetent government kills people. More people died they needed to die in covid. Thats the truth. More people died then needed to die. Bret new York Attorney general released a report about the number of Nursing Home Deaths in new york. Bryan llenas is there with the latest. Good evening. Bret, good evening. We are learning that the covid19 death toll in new yorks Nursing Homes and assisted living facilities might be as much as 50 higher than what was reported by new York Governor Andrew Cuomos administration. According to a bombshell 76 page Investigative Report released by new York Attorney general letitia james. The deadly covid19 spread in the states Nursing Homes. Nearly 9,000 people have died in new yorks longterm care centers but governor Andrew Cuomos administration chose not to include residents who died inside hospitals in the official count. In august, the governor defended the decision. If you died in a nursing home, its a nursing home death. If you die in a hospital, its called a hospital death. It doesnt say where were you before . If i am a nursing home operator, i say dont say that person died in my nursing home because they didnt. The ag reported found new yorks Nursing Homes head insufficient personal protective equipment, covid19 testing and does dozens do not follow proper protocols. Governor cuomo has blamed the Trump Administration and longterm care centers for the Nursing Home Deaths. The report acknowledged that new yorks department of Health Guidance issued by cuomos administration in March Of 2020 requiring longterm care facilities to accept covid19 infected patients they have led to more deaths. Those, like fox news Meteorologist Janet who lost both of her inlaws to covid19 in a new york nursing home or calling for accountability from the governor and commissioner of health. That has to be subpoenas. We have to get Howard Zucker on the stand to tell the truth and this might be the first step to that happening. I dont want to call it a win. I want to call it may be some justice. Pressure is mounting on schools to reopen classrooms for in person learning. After cdc data showed schools are safe to reopen. The Teachers Union in chicago refusing to reopen while one parent in virginia called the school board cowards. The Garbage Workers who pick up my freaking trash risk their lives every day more than anyone in the School System figure it out or get off the podium. New yorks Health CommissionerHoward Zucker released a statement responding to the ags report. In the lengthy statement, they did not take any responsibility. They blamed the Trump Administration for advocating their responsibility during the pandemic, his words, as well as blaming Nursing Homes for Grave Mistakes that they made. We reached out to cuomo. Theyve yet to respond. He has yet to respond. Bret. You are not the end of this story either. Thanks. There seems to be mixed messages coming from the government and Health Officials about whether americans should wear two masks in public. Dr. Anthony fauci says that practice makes common sense. Neither the centers for Disease Control and prevention are the World Health Organization have updated their guidance to recommend double masking or triple masking. The cdc says masks should have two or more washable layers, breathable fabric. W. H. O. Says fabric masks should be made of three layers. Detainees at Guantanamo Bay will be offered the Coronavirus Vaccine according to a prosecutor in the case against five prisoners accused of conspiring the 9 11 attacks. He wrote to Defense Lawyers today that the pentagon approved the vaccination to the remaining 40 detainees at the facility. That would include the socalled architect of the 9 11 attacks, Khalid Sheikh mohammed. Those vaccinations could start next week. The u. S. Economy grew at a 4 annual rate in the final three months of last year but constrained by the pandemic the gross thomistic products rank in 2020 by 3. 5 . The largest amount in 74 years. President biden tried to wipe out as much of his predecessors work on health care as he can. The new president is outlining his Health Care Strategy which looks and sounds a lot like that of his old boss. White house correspondent Kristin Fisher shows last night. As soon as President Biden sat down to sign another Executive Order, he made it very clear what he is doing. Recently the best way to describe it, to undo the damage trump has done. The president reversed what he says his predecessor did to weaken obamacare and keep taxpayer dollars from indirectly funding abortion overseas. There is new that we are doing here other than restoring the Affordable Care act and restoring the medicaid to the way it was before trump became president. The first order expands access to the federal Health Insurance market place by reopening a special Enrollment Period from february 15 to may 15 to give americans who lost their jobs and employerbased insurance during the pandemic a chance to sign up for coverage. The president also took aim at his predecessors abortion policies by directing the Department Of Health and Human Services to consider rescinding regulations under title 10 which cut millions in federal funding for planned parenthood. And by getting rid of the Mexico City Policy which bans foreign nongovernmental organizations from receiving u. S. Funding if they promote or perform abortion. Today the chairwoman of the Republican National committee called it a slap in the face to conservatives just one day before the annual March For Life in washington. Many americans disagree with Taxpayer Funds having to pay for abortions overseas, including here in the United States. Todays Executive Order brings the number assigned to 40 in just nine days in office. Prompting the New York TimesEditorial Board to write ease up on the executive actions, joe. When pressed how the blitz of Executive Action Squares with then candidate biden statement that you cant legislate by Executive Order unless youre a dictator, the White House Press secretary said. There are steps, including overturning some of the harmful, detrimental, immoral actions of the Prior Administration he felt he could not wait to overturn. Theres been a lot of talk that tomorrow President Biden would be signing even more Executive Orders and actions to reverse some of his predecessors signature immigration policies. The White House Press secretary confirmed this afternoon that immigration day if thats what you want to call it will be happening sometime next week. Bret. Bret Kristin Fisher, thanks. Former President Trump may be trying to reassert himself in Republican Party politics tonight. He met with the House Minority leader Kevin Mccarthy is a top g. O. P. Member of the house tries to bring a fractured party together. Correspondent phil Keating Reports from palm beach, florida. House minority leader Kevin Mccarthy in South Florida today having lunch and conversation with former President Trump. The private meeting about politics in the future direction of the g. O. P. Trumps pack share this photo and said their meeting was good and cordial and trump pledged to work with mccarthy on getting the House Majority in 2022. Mccarthy has called for republican unity and for members to stop attacking one another. One of those critical republicans has been illinois congressman adam kinzinger. Here he is this morning. If youre a leader of the Republican Party right now, you need to be focused on one thing. Not wanting another election. Thats not what we should be focused on right now but we should be focused on restoring the integrity of a party. Some republicans have been divided over those who say trumps reelection was stolen and those who say Presid