keith gill, a.k.a. roaring kitty, speaking now in a youtube livestream.started late, but since he started, the stock of gamestop has been halted, down more than 33% on the day. more than 600,000 people are watching this livestream at the moment. of course, a lot of questions about that potential share sale, plan to share sale from gamestop. for today, roaring kitty goes on, but i am heading out. i am sonali basak "bloomberg markets here that does it for "bloomberg markets" this friday. -- i am sonali basak. that does it for "bloomberg markets" this friday. this is bloomberg. ♪ craig here pays too much for verizon wireless. so he sublet half his real estate office... [ bird squawks loudly ] to a pet shop. meg's moving company uses t-mobile. so she scaled down her fleet to save money. and don's paying so much for at&t, he's been waiting to update his equipment! there's a smarter way to save. comcast business mobile. you could save up to 70% on your wireless bill. so you don't have to compromise. powering smarter savings. powering possibilities. >> from the

>> no, but i'd call @ don't blame keith gill show. i looked at this as trying to take a opportunity to say whatever happens to you in this market, you cannot blame me. to me the issue with respect to whether he's involved in market manipulation or maybe even insider trading given the way the sec is extending the definition of insider trading with trading and coordinating activity with ot others and is , for example, having multiple accounts he controls and trading between the accounts? that's really where the rubber hits the road when it comes to possible violation or look at him like sam bankman-fried or martin skarelli. lauren: hold on. those guys were put in prison. >> i'm talking about personality and the following as a cult figure hawaii i'm looking at here is nobody viewed martin skarelli as being a violator of securities laws. we talked many times over the years of people like bernie madoff. i'm not saying he fall into that category. i'm saying he's engaging in activity that would invite that level of scrutiny from the regulato

charlie is here to react. >> i thought that was keith gill just left.y kind of look-alike. >> i called him keith. he said hello. i'm only kidding. that's not true. but in any event -- liz: said they invest ad ton in infrastructure to prepare. >> that is it. robinhood today is not robinhood of three years ago. it is a much more mature company. it has much more, it was a capital issue last time. they didn't have the capital to do the clearing based on tremendous amounts of volume that came in. we should also point out that 2021, early 2021, is a much different environment, not just for robinhood as a company, raise capital. they have been to the market, they have been around, they have controls in place but the market itself is different. i think the, i mean let's face it 2021 people were still locked in their house. they were feeding, they were trading off of stimmie checks and zero percent interest rates. we do not have that right now. so the amount of volume that is going to come tomorrow, if any, i who knows, maybe it is priced in now, i can't tell yo

>> keith gill. he's a good guy. >> i watched the movie. of course, i was also in the movie. >> you were a bad guy. >> no, i was not. i was myself. >> people say you looked great. >> bad guy, good guy. >> i'm saying this guy is -- he's an every man guy. he seems like a good guy. he doesn't sound like he's talking to ryan cohen and he's saying, listen, the numbers are good when the numbers were awful. >> he's a rich guy and he has helped gamestop put together a huge stockpile of funds, which, by the way, is something you said they should have been doing years ago. >> they laughed at me. >> obviously amc previously benefitted from this in terms of being able to raise money for a very much stressed balance sheet. so there have been beneficiaries. ultimately i don't know if those are going to include the shareholders. along the way, many have made money, and if they've sold at certain points, they've locked in big gains. >> don't you think it is a tug of war? remember mcguffen and hitchcock? there was nothing in the maltese falcon. it doesn't m

"the wall street journal" landed that interview with keith gill.he journal reported e*trade was considering shutting down keith gill's account because they did tie to him. our report shows morgan stanley reports gill was placing the bids. this is someone who gained $30 million trading a few years ago and now we see the gains in the hundreds of millions of dollars. it really is remarkable. one sign of concern is a lot of people do follow him into these trades and when i interview individual investors in 2021 compared to 2022, i learned many did end up losing money. >> gunjan, thank you very much. one more quick look at the futures. mixed all morning long. take a look right now. s&p has been flat. the dow off its lowes. that will do it for us on "worldwide exchange." we have "squawk box" starting right now. >>> good morning. breaking overnight. a deal by regulators paving the way for anti-trust probes into nvidia, microsoft and openai. that report comes less than a day after that nvidia joined microsoft in the $3 trillion club and the world's two mos

this is all happening after roaring kitty, keith gill, the original stock trader, kicked off his liveeam around 12:28 p.m. eastern time. the initial maybe call it 10 or 15 minutes ohher so, not really addressing anything gamestop specific, talking more about the nba finals and the kind of beer he was drinking at the time. now we have gotten some more, at least reiterations from previously stated positions from keith gill. that is to say, he believes that ryan cohen, the current head of gamestop, is the person that can turn this company around. he believes in the fundamental story. he's talked a little more about that. what we also have developing right now is we do actually have a confirmation of sorts, if you will. we talked ad nauseam about the add that these screen shots keith gill put up of his alleged position in gamestop, that at one point in yesterday's trade was valued at roughly $557 million. well, what he did do in just about the last five to ten minutes or so is reshow everybody on the youtube channel a live shot mark to market of what his position is. that position current

this really was keith gill sending out a social media post.om: this is about the fundamentals of gamestop? >> that's right. tom: he took a photo of what appears to be his account -- we have not verified it -- an e*trade account. in others reports suggesting e*trade may put him off the platform. >> this was an interesting story in "the wall street journal" reporting to -- according to people familiar with the matter. this goes back to his -- back to the rally has social media post appeared to spike in may where it appears they got a large volume of call options that sent shares soaring. the concern is that his stock price manipulation, so they have been looking into potentially closing his account. e*trade has wide latitude to do this. we know according to people familiar with the matter that no decision has been made, but we know the sec is looking into this, and the crux of this debate is how much power do influencers have to manipulate stocks? that's one side. the other is that there's a huge following these retail influencers have. if you k

keith gill, who is due to go live and speak at midday eastern time. it is important to say i have not got a scooby doo what people say or what it will be about. there is a lot of hypothesis about his position stop we will try our best to keep you posted. other things we are watching. a lot of it is to do with next week. lyft coming up soon. investor day, a lot of numbers. a lot of questions about the future of rideshare in a world where robotaxi is king. apple wwdc on monday. mark gurman says we will be told something about apple intelligence. finally tesla up .2%. investor day next thursday. i will be on a beach in the mediterranean. it is a big one and a big vote on compensation. caroline: you better promise me you were not glued your smartphone on that beach and you take it in over a glass of wine. let's break down the numbers of what is the macro story of today. it is the jobs report dictating trade. sarah is with us, ceo of the people management platform ladders. this upended every single bloomberg economist we surveyed. everyone thought it would

a lot of the posts keith gill has done don't have anything to go with gamestop. if he was posting at the same time, buying options, the s.e.c. would be paying attention to that. >> kate, thank you. kate rooney. i mean, i don't know, can you interpret, you know, that cartoon of him leaning forward as market manipulation, or -- anybody else who has tweeted a picture, which is on the face, meaningless, but then leads to unusual trading activity, is that manipulation? >> it's hard to -- >> hard to prove. >> extraordinarily hard to prove. i don't think there's anything illegal going on. i think it's extraordinarily unsavory and makes a mockery of the market, i think, and it goes back to some of the things that david einhorn said in terms of the market, with the market being broken. this is one of them. so, they're going to investigate it, but quite frankly, i don't see anything illegal about what's going on. unless there's something more to the story than i know. >> well, so, i think the question you asked kate was an interesting one, was it the s.e.c. or e-trade? i w

there is an inability to verify if it is keith gill and real.n uncertainty is the last time he posted an update it was about $34 million, so a humongous jump in terms of the actual value underlying the position, in addition to their is $45 million in cash. it drove a flurry of trading activity. it opened up 75%. closer to 30% for gamestop, tracking some buying and selling on apps like fidelity. that showing modest orders. it does not feel like the 2021 craze where investors were rushing to buy. the stocks are well below the all-time highs in 2021. caroline: i'm looking at the biggest holders for nameplate gamestop. he made his name becoming the gamestop leader. where? i love the story from a technology perspective because it is being driven to us by social media. originally, it was x make. now it is -- originally, it was x in may. now, it is reddit. i wonder what is next. >> maybe he posts a youtube video again for the first time in three years. the main thing that stands out to meet is the may flurry lasted two days and quickly gave back the bu

this after gamestop closed more than 20% higher yesterday on claims that keith gill, known as roaringn shot with a $115 million stake in gamestop. gill confirming that yesterday after the market closed with a screen shot. both positions have not been independently verified by cnbc. the fund for roaring kitty could be short. morgan stanley looking to a possible ban on gill. no decision has been made, but discussions have been ongoing since gill resurfaced roughly three weeks ago. as for the broader market, the new york stock exchange is back at 1% after the swing of berkshire hathaway and chipotle. some have berkshire down at 90% at one point. that glitch was the second in less than a week that impacted pricing data for the dow and s&p for more than an hour. joining me on the cnbc news line is former s.e.c. commissioner and cnbc contributor jay clayton. jay, great to have you on the show. >> thanks, frank. >> let's start off with the market glitches. how serious is this? a technical problem or investor confidence? we mentioned the berkshire hathaway trades were canceled. basically unwo

all this coming after keith gill posted a live stream on youtube.he first in four years beginning in august of 2020. he hosted hours long shows which helped spark the meme craze in 2021. gill posted screen shots that appeared to be his portfolio, and including very large holdings in gamestop. if the stock returns to $64.83 a share, gill's position would be worth more than $1 billion on paper. there is part of me that wonders where he got all the money to do this. a lot of it, obviously, is in the options. he doesn't have to own it completely. i didn't know he had this kind of money. >> now it's a lot. >> no, no, some of the initial inve investment. >> probably tens of millions. you just said the "b" word. >> a lot of people are looking at this hard because of the speculation of the s.e.c. looking at this and why is this different? is somebody behind him? has somebody staked him and is there a group working together? i don't understand it at this point. i have become much more skeptical in the last 24 hours. >> i look at the dude, the bro, man. we co

this after trader keith gill, roaring kitty, had his first live youtube stream in four years.ow totally $557 million. if the position is confirmed and the stock returns to $64.83, per share, the paper position would be worth more than $1 billion. >>> moody's is placing six u.s. regional banks on downgrade. first merchants and fnb and fulton financial and washington federal. the ratings agency says these banks have substantial exposure to customers real estate loans which raise longstanding risk to the banks, especially in the event of an economic downturn. >>> and saudi arabia is reportedly set to raise $1 billion after pricing the aramco stock offer at $7.27 a piece. the kingdom owns more than 82% of aramco and the $1.5 billion share share stake represents half of that action. >> a market cap of over $6 trillion. a huge company. silvana, see you later. >>> turning attention back to the broader markets as investors wait for the may jobs report with the s&p and nasdaq trading just below or at all-time highs. let's bring in brian. good morning. >> thanks for having me. >> ecb cu

i'm not saying keith gill did anything wrong. hardly.ople are questioning whether or not he's behind this account. liz: saying he owned 5 million shares right now. >> there was social media ken polcari tear speaking before congress a couple of years ago, he didn't have the net worth that could own that much of the stock. i'm saying -- liz: a lot of guys buy on margin, don't they? >> we don't know. he's not the goldman sachs trading desk, it's keith gill. liz: roaring kitty. >> this is likely to be looked at and we'll find out soon who's behind the account and what it's all about and why he's doing this? liz: he's allowed to purchase the shares. >> he is allowed but there's fine lines between this stuff. anyway, stay tuned for this. the next headline is sec launches examination of this whole mess to uncover and get to paramount, i'd put it in a stock chart of paramount up here. we're talking end game here with sky dance. you know, we're here on the "claman countdown". everybody was saying, it's not going to happen and going to be sony and

i'm not sure because i don't know keith gill personally, i'd love to talk to him in person about this, but it seems like he was very well coached or he knows exactly what he's doing -- >> coached so as to not run afoul of the -- >> right. to not make fraudulent claims. to not pump the stock. >> good place to start. >> those types of things, right. it was pointed out by many folks that at one point he was a strerjed representative at a securities -- a registered representative at a securities firm. he was licensed. he knows what he can and cannot say to trigger the ire of regulators or law enforcement. those were the three main takeaways for me. again, nothing terribly new came out of this other than the fact that he says this is the position, this is what my exposure is. by the way, we don't know whether or not -- he could change his mind so to speak. >> yeah. when the stock seemed so tied up in the -- the whim of an individual investor, that investor could change their mind in a hurry and unwind those positions tomorrow. >> well, and -- yes -- >> it's hard -- >> yes and what i would

in a tweet, he said the keith gill post appeared more like manipulation without investment pieces.e said someone is backing gill financially. we will tackle that question about manipulation with jacob frenkel in the next hour. >> the stock opened at $40 yesterday. it closed up $5 at 28. it is not doing much this morning. it was at $40 when it opened. it's a great gig. you know, people on twitter say warren buffett bought. it doesn't go up 80% after he announces something. he might announce that he owns something and it may boost the stock a little. you don't get to buy 100 options and quadruple the underlining stock. if that's true with keith gill, that's an $85 million profit in a couple of hours. >> it's a situation where reddit, the reddit forums, where the meme stocks were big in 2021 and this was all taking place, on reddit, there is a lot of pushback. kate who came up with the story yesterday was showing how the moderators are pushing back. the people in the forums were the ones left holding the bag. >> there is someone on the other side of all those trades. if you are keith

i'm assuming keith gill must talk about gamestop considering his massive position in it.yeah, he's under fire in washington, on wall street for his posts that influence the very loyal retail crowd which he formed during the pandemic. but they're more experienced right now, they really are. that retail crowd knows a lot about stocks. so that's the story. by the way, coming into today the stock doubled this week. this week. stuart: okay. but roaring kitty cannot overcome a bad earnings report at this point. lauren: i don't know. [laughter] >> sort of has. in the short term. stuart: yeah, in the short term, he has. the stock's down. let's get on to car rental company hertz selling off their tesla fleet, discounted price. lauren: fire sale prices, $25,000. this is the problem with evs for hertz, they're too expensive for the company to repair, collision, damage, all that, and they're not popular enough for customers to rent. hey, i don't know where i am, where am i going to find a place to the charge this thing? is now hertz is selling off their fleet. $25,000 is the magic nu

small position. >> andrew left's position might be small, keith gill, though, did share his portfolioositions, 5 million common shares at 120,000 call options with a strike price of 20 bucks expiring in two weeks. so he's talking about the fundamentals and yet his call options expire in two weeks which means he's in the money given where the share price is, above 30 bucks right now, but he was very quick to remind viewers not to follow anything he does. "it's not investment advice." he said that several times throughout the stream. >> right. they're not heeding that advice. let's just say that. kristina, thank you. i appreciate that. let's bring in cameron dawson with new edge wealth, and tom lee is still with us. cam, you're a student of markets. i know you. you study the history of markets, right? what does this scream out to you as if anything? >> on gamestop, the meme trade, i think it reflects liquidity and risk sentiment, which is that this kind of trading wouldn't be happening in a year like 2022 when people are scared. it reflects the fact that there's a ton of liquidity slosh

after a livestream appearance by keith gill, also known as roaring kitty failed to spark investor enthusiasmhe struggling firm's shares explode 2021, contrary to the bets of many professional wall street firms. four passengers from the us, turkey and italy travelled to the edge of space and back on a virgin galactic flight. richard branson�*s space tourism company will now take a two—year break from organising space flights, to upgrade its fleet. and that's it for this edition of business today. thanks for watching. hello and welcome to sportsday. i'm chetan pathak. coming up on the programme: will he be the next king of clay? carlos alcaraz wins the french open, after an enthralling five—set final in paris. a thriller in new york — india survive a scare to beat pakistan at the t20 cricket world cup. and back to winning ways — world champion max verstappen comes out on top at a dramatic canadian grand prix. welcome along. thank you forjoining us. we start with a history—making win for carlos alcaraz — the new french open champion who, at the age of 21, is the youngest man to win grand slams o

this is not just small money for keith gill.w disclaimer on the website, on youtube screen grab talking about this potential conference -- basically saying, we are not under obligation to update or change, not necessarily a recommendation to buy or sell. though classic legalese. this is the first time we have seen anything like this. how significant is that? >> flashbacks to maybe before congress. does that really shelter him, protect him from regulatory scrutiny? we know hedge fund guys and girls talk their book. is there a risk here he will face that bad scrutiny? is that 10 blake going to isolate him from that? i wonder whether or not he is more cautious in terms of the concept to puts out on these livestream's given what he is gone through over the last fears. the fact so many eyes will be on this livestream, roaring kitty. it is intriguing he has put it there and maybe get a more cautious livestream when he takes the airwaves. lisa: a lot of people are expecting anything by. looking at gamestop shares up 17%. it raises the

gilles. in 2021 people were home and everything was rallying after the major stimulus in zero interest rates. now we have higherfor longer but we have an ai rally, which is acting more like meme stocks than actual meme stocks. what will you be looking out in the days ahead around gamestop? there is a couple of other realty trusts which is not done very well because the real estate market has been so nuanced here in the united states. so perhaps we might get some interest, but i really believe that while we have this tremendous rally going on in the stp -- tremendous rally going on in the stp —— if the tremendous rally going on in the stp -- if the snp tremendous rally going on in the stp —— if the snp and nasdaq, that the retail investors having so much fun they are there really isn't a reason to do the short squeeze, particularly as institutional investors have become keen on the fact that something they have only sure starts experiencing volatility, it is probably time for them to pay atten

since the rush of keith gill, also known as roaring kitty.ed as regulators and investors work through the many questions that have remained unanswered as they ask is keith acting awe loan? is it an actual position? is there market manipulation as the s.e.c. is reportedly investigating trades and ties or a ban from the morgan stanley trade platform. to help us answer this litany of questions and perhaps raise a few more, let's bring in kate kelly. good morning. good to see you. >> good morning. great to see you too. interesting stuff here. >> yeah. i think you might have the volume on something there, don't worry about it. 'll move past it. we hit you with an avialanche o questions. what do you think about the scrutiny -- short selling was suspended. are we possibly setting up for something like that now following the return of roaring kitty? >> i think that's a great question. i think it would take a great events to impose the short selling ban. that was done in order to keep the stocks from plummeting too badly, and there was a lot of anger

gills is his name, a billionaire, and it didn't happen.2021 people were home and everything was rallying after the major stimulus in zero interest rates. now we have higherfor longer, but we have an ai rally, which is acting more like meme stocks than actual meme stocks. what will you be looking out in the days ahead around gamestop? realty trusts which has not done very well because the real estate market has been so nuanced here in the united states. so perhaps we might get some interest, but i really believe that while we have this tremendous rally going on in the s&p and nasdaq, that the retail investors are having so much fun there, there really isn't a reason to do the short squeeze, particularly as institutional investors have become keen on the fact that if something they heavily short starts experiencing volatility, it is probably time for them to pay attention. so i'm not sure the meme stocks are really going to be the thing right now, unless maybe we see some kind of downturn and start to see short float go up. before we go, a q

reacting to keith gill. what the market is supposed to do. >> how much of it, though, is different than what day traders were back in the late '90s, early 2000s? it's one thing to be an investor. another to be a trader and a lot harder to be a trader whether a pro or whether you're a retail investor. >> right. always winners and losers. day trading is one. highest risk positions you can take. that doesn't mean retail should be banned from doing it. day traders have been banned. right? they know how to manipulate the market, how to affect a short squeeze. i think if what they're trying to do, if regulators are looking at what keith gill and other meme stock creators are doing, what they're trying to do is find a rule that doesn't exist right now to control the market. we don't want retail investors holding the bag but they have perfect information what could or could not happen with this particular stock. >> thank you. appreciate your time today. >>> coming up, bidenomics versus the trump economy on the campa

yes, e-trade should kick keith gill off.razy. crypto surging risk in and retail investors chasing a story heard from keith gill, "it's too good to be true." recall how we got here. deserve sit, covid everybody stuck at home online. day trading takes off thanks to robinhood and from the permian soup emerging roaring kitty on youtube and twitter. you get the deal. using a cheap code to the stock market. a bunch of rich guys trying to hold the stock down boating agaboating -- betting down, and convince others, gamestop shoots higher. gill did it. it worked. got rich. made a movie about it called "dumb money." a month ago runs the play again. in 2024, gamestop's not doing well as a company. no illusions any more. this time a social media era earning billions with power of his memes. even if gill isn't breaking letter of the rules and regulators reportedly looking at that, e-trade isn't obligated to risk it with him. >> and no other end. is there? >> well, joe, always. "on the other hand." on the other hand, e-trade should not ki

gill posted on account account for three years showing $115 million positioning gains the right to buyot up to 26 but the wall street journal is reporting that each trade owned by morgan stanley may ban keith gill for potential stock manipulation he is a stock influencer amine stock influencer who is influencing manipulation for the fcc. stuart: if you go out there and you will the big position in the stock and you pump it up with your online are you pumping and dumping? is that the question. how many shares does he still have, has he taken off it manipulated the market, that's what people want to know. >> that could be a headache but they better find out. he's undermining confidence in the stocks. >> all of last month continuing into june let's move on to intel your posting about new a.i. chips and much of again on that. >> is leading the dow jones industrial with a 1% gain, they have a new a.i. chip and is better than the competition what intel is doing is clawback market share not only from nvidia that amd, intel ceo revealed the pricing of their chips, usually we know 30 - $40000,

the return of keith gill driving interests. a number of that coming on options as long as the stock trades above $20. but reiterating his willingness to buy into the stock and drawing out some trader demand. 75% gains dropped to 24%. when you look at where the stock has been trading, still well below where it was trading just last month. can there be another driver to drive this as opposed to this one-off movement? katie: that's a great question. we will see how this turns out. he does have money where his mouth is. we'll see how this one evolves. tell me about gsk though. >> underperforming here in u.s. trading 7 billion pounds of value after a blow for its potential zantac legal risk. after the state court that the company and a number of drug makers have to tier and be brought into some of those rulings around potentially 75,000 cases alleging zantac causes cancer. looking at the bloomberg intelligence quick reaction, they teased out at the court cases could cost between $5 to $7 billion. so when you look at this fallout, ma

the ceo spoke to cnbc about recent investigations by regulators around keith gill's staple stop trades>> i do think that there's a lot of new tools that the regulators have to monitor tradingk consol. a lot of these have been implemented the last couple of years. i imagine they are seeing something that hasn't been revealed yet and they are investigating. again, i don't really have insights that are special there. >>> short bets against nvidia reaching $34 billion. that number is twice as much as the total staged against apple and testesla. the shorts represent the market capitalization. nvidia is the second largest company after apple's trade on thursday. you will see shuffling between those two companies. >>> tesla chairman robyn denholm has defended the elon musk pay package of $56 billion. the shareholders will vote on it next week. speaking to cnbc, the chairwoman said the package was about fairness. >> put yourself in his shoes. you've worked really hard and incredibly hard over six years to lead the company through transformative growth. nobody thought these goals were possible

caroline: having tuned in to keith gill's youtube channel, it doesn't siem like -- seem like he knowsuch about the strategy but he does seem to be moving around his holdings. he is changing his options into actual shareownership. that seemed to be pushing up the stock. >> there was some excitement about that. we saw a week ago he posted a screen shot, 120,000 options. a cull days later, he exited that position and reported north of nine million shares. that makes him a top four holder if we take it at face value. on paper worth about $262 million. where did he get the cash from? how rich is he? a lot of uncertainty around that. nonetheless if you take it at face value, top four holder from a retail shareholder who was preaching the ryan cohen vision. caroline: let's focus on ryan cohen because if you haven't been a complete game stop fanatic, why do we care so much about this individual? >> co-founder of chewy, people bet against that, very successful sale to pet smart. ultimately wept public. made a nice fortune from that. he took an activist stake in 2020 in game stop, then pushed a

keith gill, aka roaring kitty, returning to youtube despite the stock tanking last friday and it's been up and down today and downright now. the founder of citron research disclosed he has inned his short position on gamestop. some of 9 5:s say that's a capitulation he missed it. that's not him by the way. that was not him. that was ryan cohen, the ceo of gamestop. some interpret it as saying you guys killed me and the stock has not gone up and cash on the books has gone up so we shall be watching all of that and more. with the pause button stuck on the fed's interest rate machine, should the fomc, the committee that sets interest rates, seriously consider ejecting from its 2% target rate? former federal reserve vice chair randy quarells will make the case if they souled or not. raise it just a bit. randy will tell us. it's a fox business exclusive. and the sale of paramount crumbled in dramatic fashion yesterday. charlie gasparino has the he said she said as the dust settles on the complex media deal that won't come to true wigs. charlie breaks it next. can't look at apple enough, powe

according to this report, etrade is considering telling keith gill he cannot use the platform.ll out call options he bought on etrade. there has been this screen shot floating around of an etrade account showing he bought $116 million worth of options. that's the crux of this. he has been posting on social media but the call options are calling into question whether all of this in his actions did amount to market manipulation and the firm is considering and debating, according to this report, whether to pull his account down because of those concerns around market manipulation. "the wall street journal" also in this report saying that the s.e.c. has been reviewing trading in gamestop around those call options and some of his social media posts according to people familiar with the agency's efforts. no decision they say has been made and they're still debating this. we also reached out to morgan stanley and etrade, scott. no comment yet but we'll keep you posted. >> let me ask you a question, kate. has the page that you say has been going around on social media, allegedly, i sup

gill he told his followers that he established a 116 million-dollar positioning gamestop, it is a thing again, take a look at amc rocketing the latest fraud that will not fade, always in the eye of the beholder but the hold of the mean rally and at least for the nasdaq pumping of the average as well, not so much the other two for the time being, welcome want to go to kelly o'grady on the roaring kitty claimer. >> you gotta leave me something, the mean media is back i'm getting give you that one, gamestop sword in premarket trading and shot up over 80%. it come back to earth a little bit as you can see it's up 30% and it had been halted due to all of the volatility that we've been seen, the activity came after in account that was linked to roaring kitty the trader keith gill posted a screenshot on reddit yesterday, it showed an additional bet on $160 million on the mean stock it caused a flurry for two reasons, the first this is the first time that account has been posted since 2021, a lot of folks were saying he's back in the game this means roaring kitty is betting on gamestop to go up

the latest stock moves coming after keith gill, aka roaring kitty, started posting screenshots this weeke company. the most recent post showing a position of 5 million shares worth $140 million. and perhaps more interestingly, 120,000 $20 call options. he was up 26% on those calls. but has he overplayed his hand? mike khouw has the answer to that question what . mike what did you see in the options pits? >> if you look at that account, one of the things you would recognize is that he has about $30 million in cash, and 120,000 calls represents 12 million shares of stock. times the $20 strike price, that's $240 million of funding. now, the 30 million will certainly help take care of some of that, but it isn't sufficient to exercise all of those calls if the securities aren't marginable at e-trade, so he's either going to have to sell some of those calls or sell all of his stock and then some, potentially going short against those calls, sometime between now and june 21st, unless keith gill happens to have another couple hundred million dollars lying around that we're not seeing in some oth

we're expecting keith gill to speak about a gamestop. to host these hours-long lives during meme mania about his investment thesis. we're likely going to get the same especially given this massive position in the stock he has. he's got 5 million shares, 120,000 options. at the close yesterday, that was worth $586 million. obviously, it's been fluctuating a lot today. to be clear, though, he'd need $2400 million to exercise those -- 240 million. on top of that, he sells a seize, portion of the shares, the stock plummets. so you can expect a lot of volatility when he speaks at noon. maybe it shoots up. regardless, this is going to be really difficult for him to realize any of these gains especially when you've got the regulars watching. stuart: okay. thanks very much, indeed, kelly. see you later. >>> president trump was in san francisco last might for a fundraiser. the streets were lined with supporters and a few protesters. we'll tell you how much he raked in. >>> former fbi official andrew mccabe says if trump gets reelected, he's worri

retail investors have turbo charged the stock after influencer roaring kitty, also known as keith gillhe so called meme stock are up by around 5%. joey "jaws" chestnut has been told he cannot take part in america's premiere hot dog contest. it comes after the competitive eating star struck a sponsorship deal with vegan brand — impossible foods. chestnut has been removed from next month's nathan's hot dog eating contest in new york. nathan's and impossible are direct competitors in the hot dog space. and that's it for this edition of business today. thanks for watching. just because we've got a disability doesn't for me, trust is about presence, about fostering relationships around the world. we're not chasing stories, we're _ we're not chasing stories, we're already there. it�*s we're not chasing stories, we're already there. it's about atience we're already there. it's about patience - _ we're already there. it's about patience - not _ we're already there. it's about patience - not rushing - we're already there. it's about patience - not rushing to - we're already there. it's about pa

there was a spike in trading volume in the call options allegedly, possibly owned by keith gill, akaf course it's unclear if it was gill behind the large volume but options traders saying he could have been involved since he has a large interest in those contracts. meop sres gasthaup more than 3% right now. "worldwide exchange" back in a moment wall street forecasts over $100 billion in sales for weight loss drugs known as glp-1. even with unliked and inconvenient injections, dehydratech processing of a glp-1 drug demonstrated improved blood sugar reduction and reduced side effects. more human study results for lexarias patented oral delivery technology are coming soon. lexaria bioscience, transforming the future of glp-1 drug delivery. want to save on some of the biggest names in streaming on the network made for streaming? x marks the spot. now you can add the new xfinity streamsaver™ that includes netflix, peacock, and apple tv+. that's xfinity streamsaver™ for just $15 a month. all your favorites. all in one place. only from xfinity. for more watching and less spending... x marks

neil: i bet you don't know the name keith gill, but i have an idea you know, well, the title roaringfirst kelly o'grady to find out why he's creating such a commotion. >> reporter: hey there, neil. that's right, roaring kitty, right, the person that got meme mania three years ago, all week the gamestop stock was soaring in anticipation of his first live stream in three years, and after the fact p neil, i've been reviewing the response on social media, and a lot of folks were really let down. you can see that in how the stock performed yesterday. it finished 39 down after his live stream -- 39% -- to more than 600,000 followers he spoke to. they were really hoping for the secret sauce behind keith gill's wild bet on gamestop, and if i'm being honest, it just wasn't there. we did glean three key things from that stream. the first that roaring kitty's position in gamestop makes up the entirety of his portfolio, okay? that's the only thing he owns. and he shared the value following the market's close on thursday, you can see it right there, $586 million -- of course, he lost a couple hun

his name is keith gill. he's made a lot of money. where do we want to start?et's start with this news involving elon musk and ai, in particular nvidia chips. memos circulated inside nvidia and obtained by cnbc shows that elon musk was telling the chip maker to prioritize shipments of processors to x, the old twitter, and xai ahead of tesla. this is a story that's just gone up on cnbc.com, by ordering nvidia to jump ahead tesla, musk pushed back the automaker's receipt of more than $500 million graphics, gpus that are so vital. that may push the delivery back for tesla by months. interesting story here, jim. and raises those questions that are also central in the story. i invite people to go to the website and read it, about musk. he's the ceo of tesla but controls completely privately held x and xai. if you say -- if you sort of deny a benefit for one company and confer it on your private company, is the board signed off on that? i don't know. all of this coming, of course, as there's a vote coming as well on his compensation package that was originally grante

trading influencer keith gill posted images of a massive steak in the company earlier this month.ill has unwound that position of 120,000 call options and at a more gamestop, upping his portfolio to about 9 million shares. amid this frenzy, gamestop announced plans to sell more than $2 billion worth of stock and we have ryan cohen, the ceo gamestop, speaking to investors at that meeting saying he is focusing on profitability and avoiding all the hype. anymore headlines as they compost up coming up, we will talk with sarah samuels about what is the hottest story right now on wall street. stick with us. this is "bloomberg." ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh sonali: this is "bloomberg markets" it is time for the wall street beat. joining us now is sarah samuels, head of investment manager research at the nepc and a partner there. the firm is an investment of eyes re-firm with 1.7 trillion dollars in assets under management. sarah, you're part of the story where we talked a lot ab

the latest crazy stock move gets its start last night after trader keith gill, also known as roaringreen shot showing a large position in shares of the video game retailer. the image showed a 5 million share position in gamestop, which would be valueds at $115 million at friday night's closing price before this move. it showed a position of 125,000 call option contracts with a strike price of 20 bucks a share that expired on june 21st. they were bought for roughly $5.68 apiece. the validity of the post and position have not been independently verified by cnbc, but the buzz was enough to skyrocket those shares to nearly a doubling. other meme stocks like amc entertainment, sun power, best buy are getting that ripple effect move here, even reddit, is up 6% right now so watch that. and the reason you're seeing some nasdaq moves higher, a surging force in the market. chip maker nvidia are both up in the premarket. both moves are tied to a technology trade conference in taiwan called comp ewe text. amd announced ai chips causen risen ai 300 used for nextgen ai powered laptops. nvidia anno

amc, up 22% as keith gill does post about a large although unconfirmed position in gme.e'll t jigem's take and the opening bell in about seven minutes. a slow network is no network for business. that's why more choose comcast business. and now, we're introducing ultimate speed for business —our fastest plans yet. we're up to 12 times faster than verizon, at&t, and t-mobile. and existing customers could even get up to triple the speeds... at no additional cost. it's ultimate speed for ultimate business. don't miss out on our fastest speed plans yet! switch to comcast business and get started for $49.99 a month. plus, ask how to get up to an $800 prepaid card. call today! (grunting) at morgan stanley, old school hard work meets bold new thinking. (laughter) at 88 years old, we still see the world with the wonder of new eyes, helping you discover untapped possibilities and relentlessly working with you to make them real. old school grit. new world ideas. morgan stanley. (subway noises) ♪ ("tosca, act ii: vissi d'arte" by maria callas) ♪ ♪ (orchestra del teatro alla scala, m

this is keith gill of rome. we watch that stock. the meme stocks ramsey -- frenzy seems to be back.is bloomberg. ♪ >>, this is "bloomberg markets today." here is what you need to know. nvidia plans to upgrade aix elevators every

gill will be back with his youtube livestream at 7 p.m. -- 12:00 p.m. today. this is a move in gamestop worth reflecting on. let's flip the board. it does seem we -- does seem that he has about 120,000 options at $20, $27 now, so he's sitting pretty. it looks he may have loaded up on those options and may. bear that in mind as we look for that. the meme stock story back. next, it is markets today. this is bloomberg. ♪ her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. guy: good morning from lond

before we leave you, roaring kitty back, keith gill going fundamental and posting a picture of a poochn that maybe he has got some skin in the game. ryan cohen the founder of chewy and the ceo of gamestop. markets today gets a makeover on monday. join anna edwards, kriti gupta and guy johnson. this is bloomberg. ♪ people couldn't see my potential. so i had to show them. i've run this place for 20 years, but i still need to prove that i'm more than what you see on paper. today i'm the ceo of my own company. it's the way my mind works. i have a very mechanical brain. why are we not rethinking this? i am more... i'm more than who i am on paper. want to save on some of the biggest names in streaming on the network made for streaming? x marks the spot. now you can add the new xfinity streamsaver™ that includes netflix, peacock, and apple tv+. that's xfinity streamsaver™ for just $15 a month. all your favorites. all in one place. only from xfinity. for more watching and less spending... x marks the spot. do it all on the network made for streaming, and bring on the good stuff. >> good mornin

this is on speculation keith gill, known as rochearing kittyy have a stake in the stock. he claims to have 5 million shares of gamestop worth $115 million as of friday's closing price. >>> amd trying to one-up nvidia. the company revealing a new line of a.i. chips at the conference in taiwan over the weekend. one with more memory and faster processors than it what it currently offers. amd says the chips will be available in the fourth quarter with future generations planned for 2025 and beyond. this is as nvidia ceo jensen huang unveiled his latest chips to succeed blackrock. >>> and aramco stock offers sells out. the saudi government said all shares were accounted for just hours after books opened with a cover price as high as 29 reals or $7.75 in u.s. dollars. >> nvidia shares up 3%. big moves in the pre-market. last time i looked, it was up .50%. the s silvana, thank you. >>> we have more to come on "worldwide exchange," and the one word investors need to know today. >>> opec looking to keep a floor ahead of the summer driving season. our panel is here next to weigh in

. >> if was keith gill showing up in nearly four years on friday. offer little in terms of new ideas. g gamestop the stock facing whipsaw action and shares up over 6.5% and amc and blackberry are trading lower. >>> transports. the ends to the so-called freight recession could be further away than expected. friday's jobs reports show the trucking industry lost 5400 lost of jobs in may and decline from august after the broader economy added 272,000 jobs. freight is struggling due to low demand and cargo rates and performance between truckers and shimp shippers could be emerging. here with me to discuss is the global head of transport and low gistic research at hbc. thank you for joining me. you were in london last time i saw you. another considerable hike when it comes to guidance moving basically to the positive after forecasting maybe a negative year, maybe a flat year. largely off that disruption from the red sea that has been for them a benefit to pricing. how much longer to see that boost in pricing when it comes to that disruption from the red s

that news came before roaring kitty aka keith gill made youtube return with a live stream this afternoon. in the web cast, it draw more than 600,000 viewers. there he is. it claimed he didn't have institutional backers supporting his stake in game stop and he still believes the stock is a turn around story. to help us break this down, let's bring in greg zucker man, a special writer for "wall street journal." what did you make of roaring kitty today? >> he is our new warren buffet. >> say that again. >> he is the new generation's warren buffet it seems like. a lot of followers, generates all kinds of excitement among investors. listen, the key story for me, key element here are the shares. they're going to sell 75 million shares on a base of like 306 million right now. so they're taking advantage as they should of this new excitement and interest in the stock. but, yeah, if you are left holding the bag and you hold the shares, you might be frustrated. >> is this anything but a gamble, gamestop? >> you know, i am struggling to find ways to see it as the turn around story that the bulls su

>> well, watching a guy now name's keith gill.eader behind roaring kitty account at it again announcing a live youtube chat this friday afternoon. first live stream in almost four years. traders online speculating talk about massive gamestop stake. why shares surged over 40%. briefly a ly halted now up 42% because of a youtube live stream announcement. hertz shares dropping on report considering sale of at least $700 million in secured debt and convertible note offering. up a in an effort to help out of its balance sheet. recall in april new ceo promised to get the company back on track after a failed bet on electric vehicles. >>> smucker's shares headed for best day in almost two years profit driven by what else? higher prices. jif peanut butter gone up, cost cutting and hostess brands. the company saying uncrustable frozen sandwiches are a hit. heard they're popular at festivals, marathons and adult lunches at our work. >> you've heard. okay. take your word for it. kristina, thank you. kristina partsinevelos. >>> still ahead, ly

gill, aka, roaring kitty posted something in the channels to the company. >>> and shares of infineras surging as nokia is going to buy the c the company presenting a 30% premium of wednesday's swednesd price. nokia says this is a strong and strategic fit with a shareholder value of 20% growth by 2027. frank. >> bertha, thank you very much. >>> now is time for the big money movers. nike shares plunging in the pre-market on the mixed fourth quarter results with the miss on revenue. the company cutting current and full-year guidance warning of the 10% sales drop with the sales slump in china. the sportswear giant showing the slowest pace of growth in 15 years. nike is the third worst h perf performer. joining me now is brian nagel here from oppenheimer. >> thank you, frank. >> tough quarter. shares down double digits. you didn't change your rating. you didn't change your price target with the rest of the street at 110. what are you seeing in the stock? what are you seeing that other people aren't seeing? >> look, i want to be clear. i have recently upgraded nike. i upgraded with this re

gill known as roaring kitty claimed to hold 5 million shares in the company totaling $150 million asaking up 2% of the company's shares looking at u.s. futures, this is how they are shaping up at this stage. they are tracking for a lower start to the trading session on wall street. let's see what will happen that is it for today's show. i'm silvia amaro "worldwide exchange" is coming up next. of your business. take full control of your brand with your own custom store. scale faster with tools that let you manage every sale from every channel. and sell more with the best converting checkout on the planet. a lot more. take your business to the next stage when you switch to shopify. what is cirkul? cirkul is the fuel you need to take flight. it's the energy that gets you to the next level. this isn't just water, it's the water you need with the results you want. a state-of-the-art cartridge lets you transform your water with the energy and electrolytes you need for peak performance. try cirkul, now available at walmart and drinkcirkul.com. food isn't just fuel to live. it's fuel to grow