Jillian oh man, it is good for free but the act of kindness was so much more. Fox and friends first continues right now. You want it you want it you got it you want it you got it todd i have no connection to this song. What is more difficult . Explaining the game stop story or saying Game Stop Stock . Jillian i thought you were going to say what is harder to do, explain that story or nail a free like that kid did . Or bust a move. Todd all three very different. You are watching Fox And Friends First is friday morning, we made it. Jillian thanks for joining us. In a few hours, trading at robin hood will reopen Game Stop Stock purchases after they were restricted on platform. Todd she nailed it. It is your turn, ashley strum ill Ashley Strohmeyer as they are facing lawsuits. Reporter the company said starting today they plan to, quote, allow securities and monitor and make adjustments as they safe it. And they will clarify what happened saying, quote, risk and management decisions not ma
That are being organized on facebook and read it buying the stock, bidding it up, causing those institutions to lose money here. Talking to the tune of billions of dollars over the past week or so for the sec, Securities Exchange commission is watching this and a sec regulator told me you might be hard for them to find a violation. Listen. I think when it comes to regulating the speech or regulating content, thats a huge challenge and certainly from a securities regulation perspective. I dont think the sec can regulate speech which everyone has the right to regulate in the sense charging a crime for doing it. What has lawmakers concerned is that robin hood is billed as a free Trading Platform had actually stopped or halted trades on gamestop and some of these others that were shorted which allowed the institutions to make back some of their money in those shorts yesterday. If robin hood said it needed the pause to collect collateral for its clearing house. They raised A Billion Dollars
A live look there. We will take you there live just as soon as it starts. Right now though, the word of the moment is vaccine. Im at a Football Stadium thats part of the Charleston County School District. Its the second largest in this state. They are ready to give their teachers the vaccine just as soon as the state gives the green light. Already some people in the state getting their vaccines at drivethru sites which presents its own set of challenges. We will talk about that and learn about an ingenious solution from Mount Pleasants mayor. It includes an unlikely ally, chickfila. More on that in a moment. We will start in Charleston County. The School District is ready to roll out vaccines to its teachers. First, they need the green light from the state. I want to bring in jeff buroey. He is the Chief Operating Officer in the School District. 50,000 students. Jeff, first of all, i will put my mask on. We might be within the six feet here. Lets just start with the teachers. Again, So
We have a ton of developments today in the Coronavirus Vaccine situation. What we do know is encouraging in many waysramping up vaccine production. What we dont know about the effectiveness is terrifying. It makes you wonder if the u. S. Needs to dramatically rethink the current Vaccine Distribution strategy. Lets start with the good news. Today johnson and johnson leased some promising data from its phase three clinical trials. The vaccine is 72 effective in the u. S. At preventing moderate to severe illness. Experts consider that a strong level of protection. Here is the potential worrying news. The company disclosed the data suggests the vaccine was less effective against the South Africa Covid Variant we have been dropping. Effectiveness dropped from 72 to 57 . Its called that because it was south africa was the first place it was found which is more contagious and resistant to the vaccines we have. Its already in the United States and appears to be spreading. The more contagious u
Authorization for Emergency Use. That means options when it comes to vaccinations. Thats good. At the same time, republican congresswoman Marjorie Taylor greene is holding her own News Conference one day after she was kicked off her Committee Assignments for supporting over years violent rhetoric, dangerous disinformation. We begin with the economic news. Christine romans, 49,000 or so new jobs. Yesterday we had nearly 800,000 new unemployment claims. Do the math for us there. Where does it stand in terms of all these lost jobs . Theres no historical precedent for this. You had 14. 8 Million People who told the government this month that they didnt have a job to go back to. The business they worked for was closed or was barely open but not allowed to give them hours. And a quarter of the people working say theyre working from home. The virus has completely changed what is usually a dynamic labor force. This 49,000 jobs created was mostly in professional business services, going back to