Is detected in the United States just as there are new predictions of a much higher potential death toll. Donald trump left the white house, but many republicans are refusing to leave him. We have the latest as some Party Members swear their loyalty to the former president. And the sub reddit page that has wall street in a spin. The latest on gamestops Crazy Ride On wall street. Live from cnn World Headquarters in atlanta, welcome to all of you watching here in the United States, canada and around the world. Im Kim Brunhuber. This is cnn newsroom. A new forecast warns that more contagious strains of the coronavirus could cause an additional 85,000 deaths in the u. S. By may. The first two cases of the variant first detected in south africa have now been confirmed in the u. S. Its already circulating in at least 30 other countries. Two americans who have it dont know each other and havent traveled abroad. Now this variant may make at least one potential new vaccine less effective. Drug
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
Up with been told go to college, get a job make a living. Frankly, thats just not realistic for a generation. It is really frustrating, the boomers think were lazy, you know the whole term pull up your boot straps and work hard, to get the same life they had . No, the world is very different these days the next pandemic in 2025 might wipe this all out anyway i have no time to wait for retirement youve got to will it into existence life just not fair, the world is a hot place, and the stock market which is the purest form of yolo. Short sellers continue to get hurt by wallstreetbets. Its making me sick. This is populism coming for capitalism through gamestop. On the surface i can be pretty scattered. In the water though its coming for me. Because youre seeing everything is quiet. You hear your bubbles, you hear breathing. And you just hear the water around you. I dont give a shit about risk. I was deployed to the middle east, we were doing antiterrorism force protection, so looking for
once people realize that melvin was losing money, that citron was losing money, they suddenly became a whole movement. we can change the biggest economy on the planet, and break wall street. the number of the community keeps growing, it s like 4 million people, and then the next day it s like 5 million people. next day, 6 million people. and then the news cycle starts taking over. the online army of average investors dealt a blow today, and their fight against the wall street establishment. thousands, if not millions of them decided to buy up that stock be used to be cheap. media is talking about this wallstreetbets, the form is exploding, everyone wants to get a piece of this thing. the swings were insane. when it went to 1:50 this time
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