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The Fox News Rundown

Is It Game Over For Hedge Funds After The Game Stop Controversy?

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.41.7K Ratings

🗓️ 1 February 2021

⏱️ 34 minutes

🧾️ Download transcript

Summary

GameStop is a company that is known for videogames and electronics. The company’s stock took off, up over 400 percent last week alone, more than a thousand percent since December. It’s one of a handful of stocks propped up by small investors and day traders after big investors started betting those stocks would decline. There are calls for greater scrutiny by White House regulators and for hearings on Capitol Hill. Some Democrats are also critical of moves to restrict trades on GameStop and other stocks, at least temporarily. FOX Business's David Asman discusses whether the government should step into regulate and what the impact may be. This week, House Democrats plan to advance a new round of Coronavirus financial aid. President Biden has proposed a $1.9 billion package , but Republicans think the amount is too high and want a more targeted approach. Restaurant and bar owners say the bill doesn’t do enough for their business. Robert St. John, owner of the New South Restaurant Group in Mississippi and co-founder of the Independent Restaurant Coalition discusses his push for Congress to give specific relief to the restaurant business in light of the adversity the industry is facing. Plus, commentary from FOX News Senior Meteorologist Janice Dean. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode is brought to you by Bird's Eye Chicken Dippers.

0:05.0

Whether you like cooking or parenting podcasts, it's safe to say we've all got different tastes,

0:10.0

and that's fine.

0:11.0

So wherever you dip your chicken dippers in,

0:13.2

catch up, mayo or even gravy, it's all good.

0:16.6

If you're after a convenient and tasty mealtime or snack,

0:20.0

then pick up some bird's eye chicken dippers

0:22.3

at a major supermarket today.

0:24.4

For chicken worth dipping, it better be bird's eye.

0:30.0

I'm Bill Hemmer.

0:31.0

I'm Dana Perino.

0:32.0

I'm Chris Wallace and this is the Fox News

0:34.7

rundown. Monday, February 1st, 2021, and Lisa Brady.

0:43.7

Wall Street's been shaken up as small investors flex their collective muscle.

0:48.9

Some market watchers are hoping that Washington stays out of it.

0:52.4

When you have the free choice to move in the marketplace, you'll learn your lessons.

0:56.0

I'm Dave Anthony.

0:58.0

Restaurant owners struggling to survive on takeout

1:02.0

are hoping for a helping handout from Congress.

1:05.0

With the stroke of a pen and the passage of this bill,

1:08.0

unemployment, you can reduce unemployment by 2.4% instantly.

1:14.6

Because I mean, that's how big this industry is.

...

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