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RiskReversal Pod

“Game’s the same, just got more fierce” and an interview with MSNBC’s Stephanie Ruhle

RiskReversal Pod

RiskReversal Media

Investing, Business News, News, Business

4.7836 Ratings

🗓️ 29 January 2021

⏱️ 51 minutes

🧾️ Download transcript

Summary

In this week’s episode of On The Tape, Guy Adami, Dan Nathan and Danny Moses discuss this week’s action in GameStop, Robinhood’s role and the battle between r/WallStreetBets Reddit army of traders and hedge fund titans. The co-hosts share war stories from their days as traders and speak with MSNBC Anchor Stephanie Ruhle, discussing her experience on Wall Street and her hopes for change for a more equitable economy. Shoot us an email at contact@riskreversal.com with any feedback, questions, or suggestions going forward and follow us @OnTheTapePod. Follow the co-hosts: Dan Nathan is @RiskReversal on Twitter and you can subscribe to his email list at RiskReversal.com. Follow @GuyAdami on Twitter. Follow Danny Moses @DMoses34 on Twitter.

Transcript

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0:00.0

Folks, welcome to On the Tape with Dan Nathan, Danny Moses.

0:09.8

I'm Guy Adami.

0:11.2

Listen, folks, normally we talk about Apple earnings.

0:15.4

We talk about what's going on in big tech.

0:17.4

We talk about a number of different things.

0:19.0

But you know what?

0:19.8

It's all bullshit because what's dominating local news, business news, national news, and you know what? Global

0:26.2

news is this phenomenon we're seeing in one stock in particular, and that's GameStop. It's the

0:31.9

little guy versus the big guy. It's David versus Goliath. It's all those things that you've read

0:36.9

about that are coming to fruition in real time in the stock market.

0:41.0

People that have never heard of stocks before are talking about it and it's fascinating.

0:45.4

I know Danny Moses has some thoughts.

0:47.0

I know Dan Nathan has some thoughts.

0:48.5

Later on, we're going to go off the tape with Stephanie Ruhl, MSNBC host, an NBC tech and business reporter. But first off,

0:56.2

Danny Moses, what is going on here? It's really appropriate that the stock happens to be GameStop,

1:02.1

which sells video games, because that really feels like what we've been living in here.

1:06.1

And I think of barbarians at the gate, but I like to think about what's going to be called

1:09.8

bagholders at the gate. If somebody wants to write about what's going to be called bagholders at the gate.

1:14.2

If somebody wants to write that book, maybe we'll get Michael Lewis to write that one.

1:18.2

But this, not to say you could see it coming because I don't think we saw this extreme,

1:19.6

but we've talked about this before.

1:21.6

In our first two episodes, we talked about Robin Hood.

...

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