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
Acknowledges like robinhood yesterday restricted trading in gamestop and other volatile stocks. Robinhood eased up on those restrictions today but the backlash has been fierce. Here is reaction from conservative radio host Rush Limbaugh and bar stool sports Founder David portnoy. Its not just political now. The elites are Bent Out Of Shape that a bunch of average, ordinary users have figured out how to make themselves billionaires. Everything is rigged in favor of the elites. This has upset the rigging. I think its criminal. There has to be an investigation and people have to go to jail. Whether that actually happens i dont know. But ive never been more convinced about Market Manipulation and the people, the hedge funds controlling the game. Harris robinhood ceo is defending the decision. Watch. We had to make a very difficult decision to protect our customers and our firm. This decision was not made on the direction of any market maker. We are in a historic situation there is a lot of
We all want to go Back To School. We also want to go back to School Safely and make sure in addition to getting high up on the Priority List of being vaccinated we want to make sure there is robust testing. When i was home a few weeks ago with Family Members in the School System they had to insure they got their test. Proper protocols. The Biden Administration says theyre following the signs. Weve known since last summers that schools are not a place of spread for covid19. The School Systems got 65 billion last year from congress in covid relief to put in Safety Precautions to allow teachers to get Back To School. The bottom line at this point is that good teachers who want to go Back To School are being held hostage by these Teachers Unions and theyre now extorting the american taxpayer for more money claiming they dont have enough money to go Back To School when theyve been funded and we have the science again with the cdc report this week showing that this disease does not spread in
Down, along come the rebel populous traders to say not on our watch. How big does this get . Welcome. Im neil cavuto. This is your very well depending on the stocks, profitable world. Not so great for the conventional market which is taking it on the chin because namely washington will take its investigations to gamestop and a host of others and all of these others that have been jumping far and fast. Susan li on the end of week theatrics that i dont think are ending on this end of the week. Hey, neil. The gamestop readit frenzy has taken wall street to unchartered territory. We have never seen volumes like this before. Its making investors nervous. The dow jones breaking below 30,000 this afternoon for the dow and the s p finishing the first month of the year lower. While it was a major selloff, the gamestop rally was backed on and amc and express and cost. This after robinhood allowed their traders to trade again raising a billion in cash to ensure they have enough money to clear the
Level as the controversy continues. President biden met with his Economic Team at the white house today, the administration has not yet said much on the controversy only saying talk to the sec and the feds are monitoring the situation. Strong backlash by some lawmakers including alexandria ocasiocortez and republican ted cruz. Republican senator josh hawley talked about this on fox news earlier. What youve seen with this gamestop meltdown that wall street is having now is these folks at home have got more criticism and more scrutiny than the people who singlehandedly crash the entire Financial Market in 2008. And they got bailed out, the government bailed out those people. It shows you that the fix is in. John White House Correspondent Kristin Fisher picks up reporting for us on this friday live on the north lawn. For the third day in a row, the white house is declining to weigh in on this controversy that has consumed both wall street and main street. The White House Press secretary w