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What A Day

Making Black History

What A Day

What A Day

News, Daily News

4.6 • 12.6K Ratings

🗓️ 19 February 2021

⏱️ 24 minutes

🧾️ Download transcript

Summary

Black Americans still frequently have to break barriers to become elected, appointed, or hired to do a thing. We spoke to people who have become the 'firsts’ to hold their position this past year, how they feel about it being celebrated, and the pressures that come with their new roles.

Congress held its first hearing on last month’s GameStop insanity, with CEOs of trading platforms and hedge funds testifying, along with one of r/WallStreetBet’s most notable figures. Congressional Dems also put out a new immigration relief bill which includes an eight-year pathway to citizenship for undocumented immigrants.

And in headlines: Planned Parenthood sues to block anti-abortion law in South Carolina, Walmart announces raises for nearly half a million workers, and the Perseverance rover lands on Mars.



For a transcript of this episode, please visit crooked.com/whataday.

Transcript

Click on a timestamp to play from that location

0:00.0

It's Friday February 19th. I'm Achila Hughes.

0:09.2

And I'm Gideon Ressick and this is what a day where we are asking to be seated as far away from Ted Cruz as possible if we are ever on the same flight.

0:15.3

Yeah, if you just want to seat me in the lounge at the airport until a new flight is available, that will be fine.

0:20.5

I will be taking a car.

0:32.5

On today's show, we hear from black people who are breaking barriers that still exist today, then some headlines.

0:37.7

But first the latest.

0:39.6

A few things I am not. I'm not a cat. I am not an institutional investor.

0:45.3

Nor am I a hedge fund. I do not have clients and I do not provide personalized investment advice for fees or commissions.

0:53.2

I'm just an individual whose investment in GameStop and posts on social media were based upon my own research and analysis.

1:02.0

Oh, I love it. I'm going to start every introduction like the few things of not. I'm not a cat.

1:08.7

Anyway, that was Keith Gill, otherwise known as Roryn Kitty, probably why he had to make that distinction. But he's also otherwise known as deep fucking value on Reddit, testifying and hearing yesterday about the GameStop and Sanity from last month.

1:22.3

The hearing also featured the CEO of Robin Hood, the CEO of Reddit and the CEOs of the hedge funds Melvin Capital and Citadel.

1:28.7

So Gideon, what do we know about what went down in the hearing?

1:31.9

Yeah, there was a lot of stuff, but a few key things here. So Robin Hood's CEO Vlad Tenif seemed to get a bulk of the questions, which makes sense.

1:39.0

And at one point he apologized for a restricting customer buying on the app during the height of all this craziness.

1:43.8

That was quite a big controversy when it happened. The CEO of Citadel claimed that his hedge fund had no role in that move to limit the trading done by Robin Hood,

1:51.9

which was a question that was raised by Democrats like Senator Elizabeth Warren before the hearing even started.

1:56.7

And representative Alexandria Ocasio-Cortez was among the members that asked pointed questions about Robin Hood's actual business model.

2:03.2

So for example, she asked about how Robin Hood generates revenue from financial firms and it practiced called payment for order flow.

2:09.5

Essentially, where financial firms pay Robin Hood for the right to actually execute user stock trades, and thereby have information on stock buying or selling patterns.

2:16.8

So lots of serious stuff mixed in here. And also worth mentioning to our friend at the top, it's definitely the first time that a person known

2:24.1

as roaring kitty has testified to Congress from a gaming chair as far as I know.

...

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