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
An important day in washington good morning, everybody. Welcome to squawk alley. This morning john fort has the morning off. The market in a bit of a molding pattern. Earlier this morning we heard from both sides of the isle. The argument is how much is appropriate at this particular juncture as we try to get the company back on its feet and get the country back at a place where it can sustain itself at the earliest it would be this year or early next year. Can we give a huge chunk of money to the people who are disenfranchised . To those that want to sna business so badly and they cant. Who are the most affected because they had the at least chance in our country . That has to be something that both sides can lead to perhaps you mistook them for someone that gives a damn. They dont believe in governance they would require some acts of government to do that. Ilan, well see if we get any more upaddition. Yeah, pelosi said part of the goal here is to get more money in the hands of the pe
Then another lock down it will not cut its schedule branding the decision regrettable. The low cost airline posts a smaller than expected loss for the First Quarter. Acquisition, sap shares jump after the German Software giant said it will float qualtrics just a few years after buying it for 8 billion republican lawmakers reach a deal in the next relief bill in a move that will handout payments as well as commit to 70 wage replacement helping to push u. S. Futures higher in early trade. A very warm welcome to street signs we closed out with the flash pmi for july which showed the recovery across europe and now we have the data coming through. The german business index. The german business morale rises in july. Thats the headline. The Business Climate index came in at 90. 5 that was ahead of forecasts. Economists were looking for 89. 3 thats 90. 5. The current condition index, that came in at 84. 5 in july that was a touch below expectation. The current index slightly below but the Busi
The defenseliams on act and its use in the government. On this boat, the yaeah the bill is passed. Host good morning the Senate Approved a third economic aid package with a price tag of 2. 2 trillion dollars and it goes to the house for a vote scheduled on friday. And then, to the president s desk. We will get your thoughts on action to respond. 202737,000 you can text us with your first name, 2027488003e at or join the conversation on twitter and facebook. Let us begin with the action in the house. , democrat ofleader maryland sent a letter out to the rank and file members saying that the house will convene at 9 00 a. M. On friday to consider the bill in order to protect the safety of members and staff and prevent further threat, the republican leader and i expect the houseboat will be done by voice house vote will be done by voice vote. Members who want to come to the floor will be able to do so. We are working to ensure that those who are not able to return to washington may express
Guide our senators to live so honorably that they will bring glory to your name. Lord, inspire them to yield their allegiance to you, striving always to receive your approval. Thank you for hearing and answering their prayers, as they fervently seek your wisdom. Guide them through the challenges of these times. Lord, remind us all that we are mere sojourners in time, heading for the better land of eternity. We pray in your loving name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to our flag. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. The presiding officer under the previous order, the leadership time is reserved. Under the previous order, the senate will be in a period of morning business with senators permitted to speak therein for up to ten minutes each. Mr. Grassley madam president. The presiding officer the senat