Aisle and the question is how far hes willing to go to do that. And nearly one month since the rioters stormed the capitol this morning we ared learning new details about the big money that fueled thosemo attacks and what prevented National Guard troops from carrying weapons they needed and t arrests that shoul have happened. Meanwhile, days before former President Trump will be put on trial for inciting that insurrection, over the weekend the president lost, at least threee of his lawyers after he asked them to make his baseless voter fraud claims a big part of their defense strategy. R i want to start with the latest on covid relief, nbcs Geoff Bennett at the white house. Also joining our conversation, founder of Punch Bowl News jake sherman. What are you hearing from j inse The West Wing about y todays meeting . Reporter steph, ill tell you what, there are a couple of lanes of thought here about this counteroffer put forward by this group of ten republican senators with this 600 billion Top Line Number theyve t attached to th own covid proposal. There is this sense that 600 billion isnt going to cut it and that its not a serious compromise given that bidens team, his economic team, for weeks has been explaining that they didnt pull the 1. 9 trillion figure out of the air, they looked at the scale and the severity of the need. They came up with the solution and they priced it all out. Theres also this sense, among bidens team, that the Covid Relief Package has to be big, it has to be bold, in order to speed up the delivery of the vaccines and in order to make sure that schools get the money they need to allow kids to come back for in person learning. All right, set that aside. Thats sort of one lane of thought. The other lane of thought is, hey, t look, talking is good, talking is what joe biden campaigned on. He spent most of his adult life in the senate when he was the Vice President , Barack Obamas Vice President ,de he was basicay the white house liaison to the hill. Hes the guy who got much mcconnell to work out a couple of deals. If there is an area where this white house might be amenable to sort of scaling back what joe biden, President Biden has proposed, it might be around the Stimulus Checks, waving Stimulus Checks for families that make more than 150,000 a year. This, though, is a fluid situation so, of course, watch this space for more. Bottom line, though, President Biden im told knows that the clock isn ticking. Come march 14th, those extended Unemployment Benefits run out and he is keenly aware of the fact that the American People will hold him accountable for delivering results. That the American People care more about the results and less about the process, whether the covid relief is passed with 60 votes or 51 votes in the senate. They dont care how many votes, they just want it to go through. Jake, how big of a deal is it that republicans were invited ta this white house before nancy pelosi was even there . Its a big deal, stephanie, because democrats control all of washington, and the fact that susan collins, who democrats spent ungodly sums to try to beat in maine, that shes leading this proposal thats going to the white house, that joe bidens going to consider, yesterday after we wrote about it at Punch Bowl News, stephanie, i got told all day b democrats that i was an idiot and that this proposal amounted to nothing. A maybe it does amount to nothing, we dont know, but the fact that joe biden is giving it credence shows hes at least tempted by the fruit oft bipartisanship, d ill say this, ill say that, youl know, the big problem her for democrats broadly speaking is they need to find a plan that makes joe manchin happy and Bernie Sanders happy andn thers not much that can do that. They can take this, you know, one party approach, which is totally possible, and totally legit and is just a process question, and they can push it through and theyll get it done, maybe by the end of march. If they take the bipartisan route, they do run the risk that republicans at the end of the day will not come to the table, and will not, you know, vote in favor of anyu plan that they p together. But, you know, joe biden seriously wants to kind of repair the torn nature of washington, and i think hes trying, at least, at the front end, to do that here. All right, somebody who is not trying to repair the torn nature of washington is congresswoman Marjorie Taylor greene. Jake, i want to ask you about this growing controversy about her, things she said in the past, things shes currently saying or doing, i want to share what ohio senator rob portman said just yesterday. I think Republican Leaders ought to stand up and say it is totally unacceptable what she has said. I saw a couple of the videos over the weekend. One had to do with violence. As i see it. Theres no place for violence in our political dialogue. No place for violence in our country. This isio something that we hav to get away from. Yeah, i think people ought to speak out clearly. Can you talk about how this is playing out within the Republican Party . Pu yeah, i think that 95 of republicans find Marjorie Taylor greene to be distasteful and what she says to be racist and anti semitic, and shes been an islamophobe most of her life. Shes a conspiracy theorist. Will anybody do anything about it . You can think its not good and distasteful but if youre not willing toot put your foot down and say this is not somebody who should be in the party, who should have prime committee posts, who should be representative of the party you have to do something about. Kevin mccarthy has said you cant talk like this, im going to have a conversation with her and then donald trump calls her totr congratulate her and egg h on. The Republican Party is all over the place at the moment, in ways we dont have time to discuss here, but just divided and rifts all over the place as they are in the minority completely for the first time in a long time. Yes, but we should always remind our audience, donald trump not calling from the red phone, not calling from the white house, hes calling from his house phone. Geoff bennett, jake sherman, thank you both so much. We are learning more and more about specifically how those capitol riots got started in the first place. The Washington Post reporting over the weekend that an fbi probe found evidence of it being coordinated as the Wall Street Journal reports that the rally before the riot was funded largely by Julia Jenkins fancelli, a top Trump Campaign donor and heiress to the Publix Grocery store chain. How dangerous they were, the New York Times Got New Body Cam footage this weekend showing the rioters trampling and killing a woman. Lets go to nbcs Kerry Sanders in fort lauderdale, flai florida, and my friend carol len i go. These are big developments from the fbi report, its just ae report. What are they going to do about it . Such a good question, stephanie. Because thats really an ongoinn and very tense battle in washington. There are local officials who are looking at the fbi andlo saying you better be investigating everybe single on of these people for trespassing and more. The organizers obviously are tha focus and we are told by Department Of Justice officials that this will be one of the biggest Domesticon Terrorism Investigations in the fbis history. Theyre already sending out calls for prosecutors around the country to loan themselves, basically, To Washington, to help. So well see what happens in the coming days. But clearly, the organizers are already in the vice grip of investigators. They left a lot of trails. They left television cameras. They left actual online social video posts in which they claimed that they had a front row seat tod a first row se to the violence. They videotaped themselves going through the halls of the capitol. They videotaped their own hand to hand combat with police officers. Some of which showed, you know, exmilitary and other protesters using pipe and bats on Capitol Police. So theres a lot of evidence to sort through and i think it wont be very good for a lot of these protesters. In addition, stephanie, theres a lot of trail of evidence about the actual organization of this event and as you mentioned the Wall Street Journal had this good story about the funding from the Publix Heiress fancelli. Theres more to that story. Obviously many, many people knew ahead of time that something was going to happen. Look to Donald Trumps own tweet on december 19 where he urges people to come to the January 6th Rally in washington to stop the steal. And he says, you know, basically its going to be wild. Lso were g about wildness and they were talking about war. They were talking in language of combat and they were organizing how to bring certain weapons. They were talking about bringing riot gear, gas masks, climbing gear, something called a plate carrier, which is a reenforced, Bullet Proof Vest that is usually used in tactical assaults by s. W. A. T. Teams. So these people werent coming for a First Amendment purposewe and they knew right off that they were coming to battle and to storm the capitol and to basically intimidate lawmakers from certifying the election. Then if they were talking about bringing riot gear, gas masks, these are the rioters, why is it that we learned that the pentagon restricted the d. C. National guard from being armed with similar equipment, like riot gear to defend themselves . Square that for us. Its hard to make sense of it, especially because of the fbi and Capitol Polices Early Warning about what was going to happen. Remember, again, connecting the dots, january 3rd, the Capitol Police intel unit circulates a memo warning that the capitol is the target and that this war language is being used and that itsed likely to be violent. And some of that memo is just chilling to read because it completely nailed what actually happened. It completely predicted it. January 5th, the fbis Norfolk Office is noticing these vary cansno moving from the south to the north, from rebel and cowboy check points, as they called them, the maga calvalry coming To Washington and actually using these words, stephanie, were going to get our president or were going to die. So it doesnt make sense. But the National Guard was also in sort of a political quandary, which doesnt it doesnt really count in this instance but that quandary was theyd been criticized heavily for 1 3 militarization of downtown d. C. Especially during the george floyd protests. But apparently when you are White Supremacist Militia Coming And Storming Washington The Pentagon and the National Guard were not as worried. Lets talk about who funded this white supremacist militia. As more information is coming out,is theres not a clear f who came to the rally and who came to the riots. What can you tell us about this Publix Heiress who gave 300,000 towards this rally . The Wall Street Journal was the first to report that the heiress to the publix gave close to 300,000 to the gathering at the ellipse. Th many of those involved in the siege say they were inspired to violence by then President Trumps words that day. Nbc news has reached out but has not heard back yet from the Publix Heiress who released a statement to several other News Organizations including the Wall Street Journal thatud say i am a proud conservative and have real concerns associated with election integrity, yet i would never support any violence particularly the tragic and horrific events that unfolded on january 6th. Publix is the dominant Grocery Chain in florida and has a history of supporting conservative causes. But says theres no connection between what happened at the capitol. Quote, mrs. Fancelii is not an employee and neither involved ii our Business Operations nor does she represent the company in any way. We cannot comment on her actions, the violence on the Capitol On January 6th was a national tragedy. The deplorable actions that occurred that day do not represent the values, work or opinions of publix supermarkets. Floridas governor republican ron desantis who has close ties to President Trump and was given a 100,000 donation by publix as partnered with them to give Covid Vaccines at its pharmacies. That system is working, but some democrats, especially in palm beach county, have questioned by why the governor is relying so heavily an publix as the only source of distribution of the vaccine in that county. Its since changed. Governor desantis, not directly answering the critics but saying in a statement publix was the first private Sector Company to answer the call and have the capability to quickly mobilize vaccine sites. Stephanie, a lot to unpack here, publix with more than 750 stores in the state, finding itself in the middle of controversy, and some people making connections and appearances that may or may not exist. Kerry, carol, thank you both so much. Weve got to continue on. As we talk about the fallout from the january 6th riots, we cannot forget that former President Trumps second Impeachment Trial is just over a week away, and its about the insurrection on the capitol. And guess what happened over the weekend . His legal team walked out. Forcing him to select a pair of new attorneys. Nbc news has learned the two new lawyers, include david schoen who represented President Trumps long time confidant roger stone and also consulted with Jeffrey Epstein not long before epsteins death. The other new attorney is bruce castor, a former District Attorney in pennsylvania and is perhaps best known for declining to prosecute bill cosby back in 2005. The move comes shortly after a team of lawyers set to represent the former president walked out. Sources tell nbc news that former President Trump wanted them to falsely argue he won the election and it was stolen through votert fraud, which is not at all what the impeachment is about, and its not true. Trump spokesman jason miller false that fakeso news but he fails to elaborate beyond those two words. I want to bring in former federal prosecutor glen kirshner. It doesnt shock me donald trump is having Difficulty Finding Lawyers to represent him. There are some differences as well. The one most important similarity is you cant go into court and you cant go into an Impeachment Trial as a lawyer, and make an unrealistic absurd or flat out false claim or defense. You know, we call it the rocket to mars defense. You know, in court we saw absurd defense claims all the time. My client couldnt have committed the crime because he has an alibi. He was on a rocket to mars. Well, that doesnt really fly in court. And the problem is, one of the similarities between Court Proceedings andti Impeachment Proceedings is attorneys have ethical rules and rules of professional responsibility they have to follow. So they cant walk in there and make Donald Trumps rocket to mars claim that the election was stolen from him. It was fraudulent, it was rigged, and he is still, therefore, you know, kind of half the president of the unitet states. That is whyth i think hes havi such a difficult time finding a defense team to go in and defend him. But glen, does it really matter what the defenses strategy is . 45 republican senators voted last week that the entire trial is unconstitutional. Theyre not about to get on board. No, it really doesnt matter what m defense team donald trum walks into the Impeachment Trial with because hes got 40 or 45 Defense Attorneys in the senators who are prepared to vote for acquittal regardless of the evidence. Well, you know, we are going to be focused on this next week, so be sure, glen, no Vacation Plans for you next week. Ahead this hour, you know we are going to be talking about t gamestop. Members of congress on both sides of the aisle, are calling for changes. But could those changes to our Market Structure actually make harder for small time investors . Up next, january was the deadliest month yet in the pandemic. However, there are some signs of good news. But will they last . 3 out of 4 people achieved 90 clearer skin at 4 months after just 2 doses. Skyrizi may increase your risk of infections and lower your ability to fight them. Before treatment, your doctor should check you for infections and tuberculosis. Tell your doctor if you have an infection or symptoms, such as fevers, sweats, chills, muscle aches or coughs, or if you plan to or recently received a vaccine. Man i feel free to bare my skin. Ask your dermatologist about skyrizi. Dont you tell me that im crazy. Dont you say that im losing my mind. Im in love. Love, love. Celebrate your love with a gift from Pandora Jewelry and discover all the ways to shop. Its time for sleep numbers january sale on the sleep number 360 smart bed. Can it help with snoring . Celebrate your love with a gift from Pandora Jewelry ive never heard snoring. Exactly. No problem. And done. And now, save 1,000 on the sleep number 360 special Edition Smart bed. Plus, free premium delivery when you add a base. Ends monday. Now to the latest on the coronavirus pandemic, here are the facts we know at this hour, the numbers are in, and january was the deadliest month yet, with more than 96,000 americans losing their lives to the virus. To date, more than 442,000 people have died in the United States since the pandemic began. As of this morning more than 31 million doses of the vaccine have been administered with more than 5. 6 Million People receiving both doses. And some positive news, the number of hospitalizations across the nation has dropped below 100,000 for the First Time Since the beginning of december. Lets bring in dr. Peter hotez. Lets start with hospitalizations and cases are down. How encouraging is that . Sort of encouraging. So the numbers clearly are going down. Weve gone, stephanie, from 250,000 new cases a day reported cases to about 150,000. So a 30 decline. Thats good news. Hospitalizations are down. But im worried were just in the Eye Of The Hurricane. The reason i say that is because the new variants are now starting to take over. Theyre starting to outcompete the other strains so were starting to see the rise of the uk variant, the one from united kingdom, the south african variant, the brazil variant. And these are much more highly transmissible and possibly cause worse disease as well. Im worried were going to be swept you by a huge surge over the next couple of months. I cant tell you exactly when its going to start. Maybe in a month, maybe in two months. But its going to happen. So the way im thinking of this is were in the Eye Of The Hurricane right now, and this is the time that we have to get ready for that next big piece and that means vaccinating the American People as fast as possible. And how are the current vaccinations equipped to combat these new strains . Well, the vaccines are good, and i think that even though the protection against the new strains is not quite as strong, its good enough, the key is this, we have to really look at vaccinating three quarters of the u. S. Population ahead of the variants. So thats 240 million americans, and thats times two doses, were looking at roughly half a billion imuniizations, thats 3 million immunizations a day, were not there. What are the Out Of The Box things we can do in order to make that happen . And that is going to have to include bringing some of the new vaccines along. Were not going to get there with the mrna vaccines alone. Researchers say they do not expect the United States to reach a level of Herd Immunity that would prevent another wave next winter. If we get the mass amount of American People vaccinated by the summer, why should we get another wave . Well, we might not. It really depends. I think a lot of the stars are going to have to align. Were going to have to get the american happy highly vaccinated, meaning 80 vaccine coverage, number one that means were going to have to go to vaccinating adolescents and maybe younger kids. The level of vaccine protection has to be high and the vaccine protection has to be durable. In other words it cant just protect for a few months and we dont know all of those things. Yes, i think it is possible that we can achieve that Herd Immunity, even with the more highly transmissible variants. But its got to have to be the top priority of this administration to get everybody vaccinated as rapidly as possible. They are working on it. Dr. Hotez, thank you so much for joining me this morning. Were going to leave it there. Coming up next, we are headed to wall street where all eyes are still on gamestop and robinhood, the trading platform. The Stick It To The Man Crusade could end up hurting their fellow man. At the same time Corporate America is still very worried, who could be the target next . This is what Community Looks like. Caring for each other, protecting each other. And as the Covid Vaccine rolls out, well be ready to administer it. Dad no shoes in the house. Our son says, well be ready to administer it. Since tide antibacterial fabric spray kills 99. 9 of bacteria. Just to be sure. He wants us to spray everything every time we walk into the door. Its just to be sure. Just to be sure i thought you just sprayed those. Ma, its just to be sure. See, he takes after my side of the family. For every just to be sure, its got to be tide antibacterial fabric spray. This morning, the market is opening after one of the wildest weeks in recent history. All eyes on gamestop, and those heavily shorted stocks to see what happens next. The markets opening right now up on the day. But this week were not just going to be watching markets, were going to be watching congress as it calls for action and an investigation into Trading Platforms like robinhood as well as the whole Market Structure. But no one has clearly articulated what they want. We could look back on this as the biggest pump and dump in history, with the little guys carrying all the water and then getting it dumped on their heads. It started when melvyn capital, a hedge fund, took on way too big of a short position in gamestop, given the the size of their fund, and the amount of shares outstanding. A few very savvy and somewhat anonymous investors spotted this situation and enlisted the never before seen Wall Street Reddit Bets Army to go on a massive buying frenzy. We saw what happened next, the hedge fund got annihilated. But it is still not clear exactly who made millions, if not billions, on the other side. And heres where david absolutely did not beat goliath. Yes, melvin got crushed but theyve been out of this trade since last tuesday. That means the reddit armys Stick It To The Man Crusade is currently sticking to their fellow man and possibly getting themselves stuck as well. Gamestop is now valued at 23 billion and the Actual Company is worth a tiny fraction of that. That means regular Retail Investors who bought on the way up could lose 90 of their money. Other Companies Like amc took advantage of the reddit army, pumping up their shares and issued more stock, which dilutes their overall value. And at the same time massive Private Equity Firms like silver lake sold all of its shares of amc, making a 113 million profit in the process. Bottom line, yes, some of the little guys may get rich. But a lot of the big guys have already gotten rich. When the music stops and the stocks drop, theres going to be a lot of pain. I want to bring in California Democratic congressman ro khanna, you were furious last week, blaming hedge funds and robinhood and clearinghouses for not allowing people to trade, saying it was unfair. What did you want done differently . We need to regulate the hedge funds. There are two things that could be done differently. One, we need more Capital Requirement before hedge funds can short. Two, there was a rule in place from 1938 to 2007, called the uptick rule, it restricts short selling to prevent exactly this kind of situation. That was repealed as a giveaway to wall street. We need to reinstate the uptick rule. And three, we need better Capital Requirements on robinhood, they cant be promising in their Terms Of Service that they trade and not have reserve requirements. These are common sense reforms for wall street that would get to many of the problems that your segment highlighted. The reason robinhood Connecticut Service their clients is they didnt have the money to do so. Do they need to change their Terms Of Service. People signed up for robinhood assuming they were getting a full service broker. When stress was on, robinhood couldnt deliver. This is why they need more reserves, they were undercapitalized and they need to be honest. They need sorry, continue. Go ahead. They need to be honest in their Terms Of Service. If there is a threshold point with which they can trade beyond they need to disclose that. I would say they need higher Capital Requirements but at the very least they need more transparency. Can we have things like free trades, free broker, we want to when you see platforms doing that theyre selling all their order flow to a firm like citadel, nothing is actually for free. Youre right, thats how they make their revenue. They take their data and sell it to the hedge fund. It isnt technically free. Im all for democratizing the market. This is why you cant have hedge funds short the stocks, go on television, then talk about selling them, the big guys almost always are going to win in that game. Yes, we had some Retail Investors who succeeded this time, thats great. It was wrong that robinhood suspended the trade but in the long run if we dont have fundamental reforms that make it harder for short sellers, that have higher Capital Requirements and transparency, were not going to succeed. One other point, 50 of americans arent into the stock market and we really need to talk about the stagnation of the wages and those left out of the economy and the overfinancialization of our economy. Those are two different things. I do want to talk about what brought so many of these small investors together. Elizabeth warren is asking the s. E. C. To investigate these anonymous Message Boards on reddit. We have no idea whos actually hyping these stocks up, and what their motives are. Does that worry you . Senator warren, i think, is right to point out that these are not all Retail Investors. You could have hedge funds on both sides. What shes saying is, are there hedge funds that were manipulating the process in gaming as well . Im all for the Retail Investors, theres a different rule if youre buying 1,000, 2,000 of stock versus if youre a hedge fund thats actually trying to game the system and thats what senator warren, i think, is calling for in investigating it. Congressman, thank you so much for joining us, i appreciate it this morning. Thank you. If the last week showed us anything, its that this reddit mob, this force has power in numbers. And the eat the rich sentiment is real. I want to bring in scott gallaway, the author of the book post corona from crisis to opportunity. And with us andrew ross sorkin, coanchor of cnbcs squawk box. Andrew, ceos across the world have been in virtual board rooms over the weekend freaking out. They have learned theres power in numbers. Even of individual investors cant short stocks. They can get together and they can come for you. Does this change the way they do business . I dont think so much that the freakout is happening at the Company Level so much as its happening within the investor the professional Investor Community class level who are saying can we short companies anymore . Does that even work . Theres now a new risk out there that was never part of the analysis. If we cant short, what does that mean . How does that change the economics of the business . Can you hedge anymore . So i think there this is a total rethink. Its also a rethink about valuations, how people value things at all. Is this a shortterm issue . Are we going to be seeing this over and over and over again . Can it continue over and over again . Are there enough people out there . Does the Social Media Army enabled by social media, can they continue this . I think theres so many questions, so few answers and thats why it has so many people scratching their heads. In some cases rooting for the little guy, but also, i think, as youve pointed out, worried about the little guy as well because in every good protest it always gets coopted by the looters and the opportunists. Scott, do you see this as a moment in time or a true disruption to the industry like the way we saw the Media Industry get disrupted over the last ten years . Is that happening to finance or is that not possible given how finance is . I think the methods and the mediums are different here. I think were playing out an age old construct of old men using a cause, whether its god or get these Weapons Of Mass Destruction out of here, or Stick It To The Man and having young people attack the castle so they can get wealthier. You know whos going to create you know whose wealth has increased the most over the last week . The now house family, the people who own reddit, tiger, global, ribbit and sequoia capital, the people that own robinhood, Goldman Sachs whos taking it public. A Couple Billionaires who rode crew at harvard are supposedly inciting a riot. Stick it to the man, but i think people in this have to be careful are you really sticking it to the man or is the man using you as their stick . I think this will update peoples attempt to create a narrative, the redditers havent done anything that were a hedge fund in the past. Investor relations conferences. But i see this as were playing out the same old model, a bunch of people who already have a position saying take the castle and what i would say to your fellow brothers next to you in the castle, now what . And be clear, movements cost money. Give 100 to black lives matter or give 100 to Bernie Sanders, fine, youre going to lose it. Dope gambling costs money. If you think this is investing, you might be the stick. Youre not sticking it to the man. Andrew, what do you think about that . Right now were hearing from a lot of individual investors saying dont tell mow how to live, dont tell me what to do, its my money and im prepared to lose it. I think back to 2008 when so many unsuspecting people got themselves involved in subprime mortgages and they signed on for it. That was that home that they bought, they signed for that mortgage but then they lost their homes buzz they really didnt understand how complex things were. Could we face that again and if we do, have a lot of people in pain and blaming others . Well, this is turning the whole idea of Investor Protection on its head in many ways, i think you said it exactly right, steph, and the question is, whos protecting who . Are you protecting the small investor or protecting the hedge fund and the big establishment . And by the way, we dont know whos on what side, right, we have to keep reminding everyone, it wasnt the little guys going against the hedge fund. Scott just laid it out. Well, thats the thing, and this is the thing that concerns me about this whole thing is theres some very sophisticated Retail Investors out there that have pulled this off. They have to induce others who may be less sophisticated by default given the numbers youre seeing. Some saying i dont care if i lose money, im trying to make a point here, there are a lot of people who have been told this is going to be a 500 stock, A Thousand Dollar stock, this is going to the moon and the question is whether they fully understand that at some point the stock is going to go back down. Everybody cant sell all at one time. It doesnt work that way. Its impossible. And so by its almost inevitable, and that, i think, is going to be the concerning part and then the question is, does the speculator blame themselves . And i would say that that never happens. Scott, this is my worry, over the weekend i have all sorts of individual investors saying to me dont rain on my parade, amc movies, it is going to the moon, were going to go back to the movies. I get it. I understand the nostalgia of wanting buttered popcorn. When it comes to investing stocks, its about Capital Structure and cash flows. Before amc goes to the moon theyve got 6 billion worth of debt outstanding, and thats going up and these individuals dont understand that. Necessarily. Not all of them. Are you worried about all of these lets say young guys who over the last year were home, uninspired, in front of screens, maybe not being able to go to work, go out, have their normal social lives and this was their connection, what happens when that connections lost . Im talking about Mental Health here. Stephanie, you and andrew have been around the markets for two decades, myself for three decades. The arc of the market is jagged and irrational, but it typically bends towards reattaching to the fundamentals. At some point this stock will reattach to the fundamentals and the fundamentals put this much lower and i think i coach a lot of young men, and i ask them to do we go through an exercise, when i meet with them, i look at their phone tracker, and i find out where theyre spending time and i would ask every young man to decide, maybe youre learning here, maybe its fun, fine, maybe its a movement, but be prepared to lose 80 to 90 of it and if its still worth it, have at it but the biggest loss of capital here will be the Human Capital of young men sitting and staring at their phone and watching the price of bitcoin, or the price of amc. And ask yourself, would you be better off taking that one, two or three hours a day and working out, trying to form relationships with mentors, with romantic relationships, with people at work, getting great at something so you can be the person on the other side of the trade . The greatest loss in capital here is from young men who are more prone to gambling addiction, who dont understand the markets. I think we are setting ourselves up similar to how theres a ton of young women out there who became very depressed by sitting this their rooms looking at instagram, selfcutting and selfharm skyrocket. I think your going to see an explosion in young male depression, and i think a lot of it is going to be reverse engineered to apps that convince you youre part of a movement or physically addict you to your phone. Ask yourself, would your time staring at robinhood be better spent somewhere else . That is the real capital destruction that is taking place here. Scott, andrew, thank you both so much for your insight, for your reporting. I really appreciate it. Coming up next thank you. 110 million americans are dealing in snow, rain and major wind gusts right now. How this storm could make history in new york city. Sales are down from last quarter but we are hoping things will pick up by q3. Yeah. Uh. Doug . Sorry about that. Umm. What. Its. Um. You alright . [sigh] [ding] never settle with power e trade. It has powerful, easytouse tools to help you find opportunities, 24 7 support when you need answers plus some of the lowest options and futures Contract Prices around. Dont get mad. Get e trade and start trading today. Since my dvt blood clot. I wasnt sure. Was another around the corner . Or could things go a different way . I wanted to help protect myself. My doctor recommended eliquis. Eliquis is proven to treat and help prevent another dvt or pe blood clot. Almost 98 percent of patients on eliquis didnt experience another. And eliquis has significantly less major bleeding than the standard treatment. Eliquis is fdaapproved and has both. Dont stop eliquis unless your doctor tells you to. Eliquis can cause serious and in rare cases fatal bleeding. Dont take eliquis if you have an Artificial Heart Valve or abnormal bleeding. If you had a spinal injection while on eliquis call your doctor right away if you have tingling, numbness, or muscle weakness. While taking eliquis, you may bruise more easily and it may take longer than usual for bleeding to stop. Seek immediate medical care for sudden signs of bleeding, like unusual bruising. Eliquis may increase your bleeding risk if you take certain medicines. Tell your doctor about all planned medical or dental procedures. Whats around the corner could be worth waiting for. Ask your doctor about eliquis. Right now snow is coming down across the midwest and northeast and if you live in any of these places you are going to need to shovel today. A third of all americans are under winter storm watches or warnings. And the noreaster is set to affect millions of people. Ellison barber is on the ground here in manhattan. Am i going to have to sleep at 30 rock. Can i even get out of here . You might have a little bit of window to make it home but Officials Say this is going to get a whole lot worse as the day progresses. It has been steady snow all morning, the wind gusts not terrible right now but again officials are warning all of this is going to get worse as the day progresses. Mayor Bill De Blasio has warned new yorkers not to take this storm for granted, not to underestimate it. He issued a this morning, restricting all nonemergency, nonessential traffic. You can see some people trying to make their way down the streets here just now. This Street A Snowplow came down it about 30, 40 minutes ago, already its covered again. This is expected to get worse as the day goes by, officials are asking people to stay off of the roads, stay inside so snow plows, Essential Workers they can do their job and get this under control, but they say it is going to be a long way and perhaps a very long night. I think i just saw some sneakers. It is time to get some boots on. What broke my heart right there you saw a bunch of structures, thats restaurants that spent an enormous amount of time and money creating outdoor dining. Nobody is going out to eat in that. Not today. Ellison, stay safe. Coming up next, it was hailed as an example of a Successful Transition to democracy, but Breaking News this morning from myanmar where the military has once again seized control. E the military has once again seized control honey honey . New nyquil severe honey is maximum strength cold and flu medicine with soothing honeylicious taste. Nyquil honey. The nighttime, sniffling, sneezing, coughing, aching, stuffy head, fever best sleep with a cold medicine. Love you. Have a good day, behave yourself. Like she goes to work at three in the afternoon, and sometimes gets off at midnight. She works a lot. A whole lot. We dont get to eat in the early morning. We just wait till we get to the school. So yeah. [narrator] right now, here in america, millions of kids like victoria and andre live with hunger and the need to help them has never been greater. But when you join your friends and neighbors to support no kid hungry, youll help hungry kids get the food they need. If we want to take care of our children, then we have to feed them. [narrator] your gift of just 63 cents a day, only 19 a month, at helpnokidhungry. Org right now will help provide healthy meals and hope. We want our children to grow and thrive and to just not have to worry and face themselves with the struggles that we endure. Nobody wants that for their children. Like if these programs didnt exist, me and aj, we wouldnt probably get lunch at all. [narrator] please call or go online right now with your gift of just 19 a month. And when you use your credit card, youll receive this limited edition tshirt to show youre part of the team thats helping feed kids and change lives. If youre coming in hungry, theres no way you can listen to me teach, do this activity, work with this group. So starting their day with breakfast and ending their day with this big, Beautiful Snack is pretty incredible. [narrator] whether kids are learning at school or at home, your support will ensure they get the healthy meals they need to thrive because when you help feed kids, you feed their hopes, dreams, and futures. Kids in your community and across america need you now more than ever. Call or go online to helpnokidhungry. Org right away and help Feed Hungry Kids today. I am robert strickler. Ive been involved in communications in the media for 45 years. Ive been taking prevagen on a regular basis for at least eight years. For me, the greatest benefit over the years has been that prevagen seems to help me recall things and also think more clearly. And i enthusiastically recommend prevagen. It has helped me an awful lot. Prevagen. Healthier brain. Better life. This morning we are following some Breaking News from overseas. Overnight the Myanmar Military detained the countrys leader and declared it was taking over power for the next year citing voter fraud concerns. Why is this a big deal . Because the country which neighbors china has been seen as a key although fragile democratic presence in an area largely controlled by authoritarian governments. And in russia more than 5,000 protesters were arrested over the weekend after thousands braved freezing temperatures to denounce the jailing of Opposition Leader alex navalny. U. S. Officials are calling for navalnys release while Russias Foreign Ministry says the u. S. Was behind the protests. In an exclusive sitdown with nbcs Andrea Mitchell Secretary Of State Antony Blinken rejected that. I think the russian government makes a big mistake if it believes that this is about us. Its not. Its about them. Its about the government, its about the frustration that the russian people have with corruption, with clep tok raes and i think they need to look inward not outward and hopefully take into account what theyre hearing from their own people. Mr. Navalny is giving expression to the voices of millions and millions of russians and thats what this is about. You can catch the entire exclusive interview with Andrea Mitchell and the newly sworn in Secretary Of State today at noon right here on msnbc. Before we go i want to introduce you to someone very special, our hero of the day. This right there on your screen is Rebecca Dacota a nurse at a Field Hospital in notice and she noticed many homeless Covid Patients she helps dont have many articles of clothing, especially warm ones for this cold winter weather. In addition to her day job saving lives, she created nurses for hope, a Facebook Page and started collecting Clothing Donations so she could send patients on their way home with warm clothes to whatever home they have, sweatshirts, sweatpants, socks, anything. Rebecca says she hopes her efforts can make patients feel less stressed about the Bare Necessities during such a difficult time. Rebecca, a hero today and every day certainly needs to be showcased. That wraps us up for this very busy hour, im stephanie ruhle. Hallie jackson picks up breaking News Coverage next. Hallie jackson picks up breaking News Coverage next ugh, theres that cute guy from 12c. Go talk to him. Yeah, no. Plus its not even like hed be into me or whatever. This could be hi. You just moved in, right . I would love to tell you about all the great savings you can get for bundling your renters and Car Insurance with progressive. Oh, i was just oh, tammy. I found your retainer in the dryer. This morning President Bidens first big test of bipartisanship as ten republican senators head to the white house later this afternoon to pitch their counterproposal on covid relief. ,