Gaming Wall Street

Post Reports

The Washington Post

Daily News, Politics, News

4.4 • 5.1K Ratings

🗓️ 28 January 2021

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

How ordinary investors, spurred on by a Reddit message board, took on the big Wall Street funds and sent GameStop share prices soaring. Plus, how President Biden is using the pandemic to try to expand access to health coverage.

Business reporter Hamza Shaban explains what you need to know about GameStop’s stock price chaos.

On Thursday, President Biden signed two executive actions, one of which was designed to expand access to health insurance through the Affordable Care Act and Medicaid. Health-care policy reporter Amy Goldstein on how the action is a direct response to the pandemic.

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Transcript

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0:00.0	From the newsroom of the Washington Post.
0:06.0	Hi, this is Vanessa Williams from The Washington Post.
0:09.0	Hey, it's Philip Rucker at The Washington Post. Do you have a minute?
0:13.0	Hi, this is Dan Zag.
0:14.0	This is Post Reports.
0:16.0	I'm Martin Powers.
0:18.0	It's Thursday, January 28th.
0:22.0	Today, Reddit versus Wall Street.
0:28.0	Plus, how Biden is using the pandemic to expand health care access.
0:37.0	A company that was long believed to be a relic from an older era is now having an astounding
0:43.3	run on Wall Street.
0:44.8	And just this week has risen more than 400 percent with a group of enthusiastic stock traders
0:51.3	piling in and several large hedge funds on Wall Street losing billions of dollars.
0:59.3	That's Hamza Shaban, a business reporter for the post.
1:02.3	And he has been reporting on GameStop.
1:05.3	I got you something.
1:07.3	Why did it?
1:08.3	Buy two pre-owned video games, get the third one free.
1:11.3	Thanks giving weekend at GameStop.
1:13.3	Joy to the players.
1:14.3	I remember GameStop, you'd go there on Black Friday or the night of a huge game release
1:21.3	and you'd wait there in line.
	...

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