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Transcripts For BBCNEWS World Business Report 20240711

you know the story a modern day david and goliath. except this time there were thousands of davids, all working together to take down the titans of finance. and to a large degree they did. they pushed up the price of stocks by 700% causing massive nose bleeds for hedge funds betting on the price going down not up. now the official version will get to be told by the major players themselves when they testify before congress. one of those appearing at the hearing is the boss of robinhood, the share dealing platform, as the bbc s michelle fleury reports from new york. we have come a long way from a classic image of stock trading. there are still men in our jackets here on wall street now that you do not have to be a trader but can do it right on your phone through apps like robin hood. it lets everyday people buy and sell shares. it is called payment for order flow and it is illegal in most markets around the world, including the uk. our american politicians want to hear fro

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Transcripts For MSNBCW The 20240704

retrieve clearly relate to that time period, right around the election. all those materials could be relevant. it s fairly typical for prosecutors to obtain social media from the platforms like twitter, like facebook and others. i think the only reason this is getting so much attention is that they resisted in this case, and it had to go to the appeals court to get timely compliance. but clearly the evidence here that is important to jack smith in the investigators. so i m sure we ll see pieces of that during the trial. that s right. twitter, elon musk, resisted, and the company was fined 350,000 bucks for delaying the execution of that search warrant. we re also still learning more on the previously secret memo laying out a plan and a roadmap for the fake electors scheme that was to overturn the 2020 election. there s a lot in this memo, and i think with the memo really does here is contextualize all the events we have been getting, from the january six subcommittee, and

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Transcripts For MSNBCW The 20240704

night. good evening once again. i m stephanie ruhle. we begin this evening with the scope of the special counsel jack smith s investigation into donald trump and new signs that it is still growing. the latest revelation that investigators executed a search warrant of donald trump s twitter account and the company had to be held in contempt by a federal judge before handing over the material. here is one former prosecutor on the kind of evidence that they must have been looking for. the twitter files that the justice department wants to retrieve clearly relate to that time period, right around the election. all those materials could be relevant. it s fairly typical for prosecutors to obtain social media from the platforms like twitter, like facebook and others. i think the only reason this is getting so much attention is that they resisted in this case, and it had to go to the appeals court to get timely compliance. but clearly the evidence here that is important to jack s

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