shot across the bow. little corrective phase. what is important next week, amazon tomorrow will be important. [closing bell rings] i have a call spread. most tech. continue to be upside. that will let us know of some of the volatility behind them. liz: got it. connell: all right. wow, what a day. we're bouncing back as stocks look to recover some losses after the worst week in three months. plus a major snowstorm has just been taking aim throughout the day at the northeast. the revolt against wall street, taking a new target. we'll cover it all. first at the close in the stock market. let's bring you the numbers. the dow after being up as many as 353 points during the day, closing up by a shade under 230 points back above that 30,000 mark. the s&p up nearly 60 points, the nasdaq, the best of the bunch there, nasdaq recovering all 2% loss and then some friday, up

2 1/2%. that is 233 points in the nasdaq composite just today. how does a bounceback monday. i'm connell mcshane. welcome to "after the bell." time for the news happening at this hour. our fox business team coverage today blake burman and edward lawrence are both standing by in washington but today we start with lauren simonetti with the latest reddit revolt taking on wall street. lauren: connell, the reddit revolt hit a snag with some stocks involved in the short squeeze seeing a mixed performance. robinhood slapped limits on eight popular names last night. we'll show them to you. then rolled back some of them this afternoon. for that it is getting flak by congress, regulators, social media, even by tesla ceo elon musk. >> did you sell your -- or did you have no choice? if you had no choice that is understandable. then we to find out why you had no choice. who are these people saying you

have no choice. >> i think that is fair. we have to comply with these requirements, financial institutions have requirements. lauren: those requirements including paying its clearinghouse $3 billion to back up the trades. today planned parenthood raised another 2.4 billion from shareholders. robinhood. 2 got a new target today, silver. the precious metal added 9% t closed around $29. the biggest percentage gain since 2009. you have to go way back to see something like that. why silver is a very good question. who, exactly is the mastermind behind that push is another good question. many on wall street including hedge funds are long the silver trade. big picture though. let's show you how stocks ended the session. the overall market ripped higher. it is the first trading day of february, rebound fog the worst week in three months.

so investors today seem to be investing that the reddit army, the impact of that is more muted or uncertain and it might not ripple through the markets. today's rally was led by the good ol' big tech, those popular "fang" stocks if you will. some of them do report their earnings later this week. with that the nasdaq did recover all of its losses from friday and then some. connell, back to you. connell: yeah, back to good ol' big tech. we'll talk about silver late in the show. thank you, lauren. edward lawrence now in wash torn. democrats seem toby looking take advantage of the stock market, edward. reporter: robinhood limiting traders from buying and selling certain stocks democrats in washington are seeing green, not red. we started to hear again about calls for more regulation, adding a tax now to every stock trade.

now as winston churchill famously said, never let a good crisis go to waste. we're not at a crisis yet but it could be coming. representative ilhan omar tweeting last week she want as .1% tax on each stock transaction. she argues it would slow down making wall street rich and tax money could be used to cancel student debt. there are holes with that logic. first the cbo says a tax like that would raise $777 billion over 10 years. the st. louis federal reserve the cost of canceling student debt is $1.7 trillion. so there is a gap there. free trading apps made stock trading available to everyone, not just the wealthy. now the idea of a tax on traders is now come up at least once in 2019, 2020. and now 2021. this is clearly something that democratic progressives are promoting. a year ago senator bernie sanders made this part of his presidential bid. listen. >> and it means that we cancel

all student debt. [cheering] through a modest tax on wall street speculation. [cheering] reporter: he is looking for that money there too. believe it or not there is a transaction tax already on the books in new york state. in 1905 new york state lawmakers passed a stock transfer tax for every transaction in new york which includes new york city. so it has been dormant though because 100% of of the tax is refunded. there are recent grumblings from new york state lawmakers to remove the rebate to cover a budget hole. that idea is coming around and national lawmakers are starting to talk about it. back to you. connell: thank you for the history lesson, edward, well-done. good check on churchhill waying that quote long before rahm emanuel.

quick note from our end. texas attorney general coming on later in the hour, ken paxton, he launched an investigation into robinhood and some other trading platforms. we'll see with some of the developments lauren mentioned exactly what he wants to accomplish with that. right now we're watching the white house. in about an hour president biden will sit down with 10 republican senators to discuss the next steps on covid relief. blake burman has the that for us. reporter: connell this, could be the first major negotiating session for president biden as they welcome 10 republican senators to the oval office. this includes some more moderate republicans on the hill. susan collins, lisa murkowski, mitt romney will be part of that group, also too, senator rob portman announced in recent days he will not run re-election in couple years time. this group put forth the 618 billion-dollar covid relief proposal. let me kick through some of the top line items for you. that includes $160 billion going

to the covid response includeing 20 billion for schools. $300 a week of employment aid running through june. $50 billion are small business aid for more ppp money. direct checks, $1000. $500 for dependents, lowering the income threshold. $40,000 for individuals. $80,000 for couples. completely phases out at 1 one had you -- $100,000. that is 1/3 less than the $1.9 trillion president biden is proposing. the white house made it clear today going big what the president prefers. >> his view is that the size of the package needs to be commensurate with the crisis we're facing. that is why he proposed 1.9 trillion. there is big gap between 600 billion and 1.9 trillion. he thinks it should be closer to

what he proposed than smaller pot pot connell that 10 republican number count is important f thereby partisan deal it would likely have to look something along the line of all 50 democrats in the senate plus 10 republicans to get over the 60 vote filibuster threshold. however within the last hour we heard from the top two democrats on the hill, chuck schumer, nancy pelosi, teed up the process to allow democrats to go at it alone if they use budget reconciliation to push forward on the $1.9 trillion plan. connell: because as general jen psaki says there is long way between 600 billion and 1.9 trillion. we'll watch it for the rest of the evening. meantime we'll bring in james freeman, "wall street journal" contributor. is this for show, james? mathwise it makes sense. 10 republicans they come over to the white house f you latch on

to the democrats you could get 60, something bipartisan done. seems like the democrats are ready to go on their own here? >> well i think this is going to be a moment that tells us a lot about the biden presidency going forward. it's, i would say gracious of this group of republicans to come over with the 600 billion-dollar offer but, the truth is we really don't need either of these huge plans. 600 billion in the context of the last year for a lot of people watching these covid negotiations in washington may seem like kind of a small number but it is massive if you consider the underlying biden premise you saw jen psaki is talking about is false. this economy is not in crisis. we saw today the cbo upgrading its expectations. they're thinking the economy gets back to its pre-covid level mid-year. they're talking about

fourth quarter, 3.7% growth over fourth quarter of last year. we have seen the, you got the ism report today on manufacturing which is growing. 4% growth in the fourth quarter. so there really is no crisis here. i'm wondering at what point that intrudes on beltway discussions. connell: only thing i would say i guess to challenge that, usually i would be more likely to tilt in the way of data than anecdotes is that should we give a little bit more weighting to kind of anecdotal discussions in the small business community as an example? there are a lot of people in their own restaurants, for example, we have them on all the time, other small businesses still really suffering even if the overall economy, whether it is manufacturing or just gdp or maybe the stock market at times can look a little bit better? those people say they do, many of them, not all, you become of them say you know what, we still do need some help?

>> i think you can, there is an argument about what to do. we're talking about a very particular group of people, typically in, in coastal states where the lockdowns have been imposed verying a agressively. so you're talking apout the hospitality industry that has gotten crushed in places like new york, new jersey, california. but this is not an economywide problem right now. i would say the answer is to let those people do business and open up but even if, if the president is more fearful, he wants to help state governments impose their lockdowns, i think what these republicans are trying to get at with their latest offer, if you targeted relief to people who are still hurting from those lockdowns, you end up with a plan that is much smaller, even than their proposal. they're putting income limits on it but why is a check going to anyone if they're working and

not below the poverty line and not part of the lockdown population? so you could address the specific issues at a fraction of the cost. i think there is also big question on school spending. why does schools need huge volumes of money to operate as they normally do on top of their normal budgets? we get the data over and over again from various medical studies showing that kids are not big super spreaders. the kids obviously aren't at much risk. neither are most of the teachers connell: i do have a question or two more, james. but we have news on robinhood. we'll wrap it up for today and we'll stay on issues. thanks as always. james freeman, "wall street journal." here is the "fox business alert" on robinhood, the ceo of the company, the "politico" of has the report, ceo is expected to testify before the house financial services committee february the 18th. that should be quite a show.

i said we'll talk to ken paxton later on. the financial services committee in the house led by none other than congresswoman maxine waters. vlad, the ceo, will testify on the hill february 18th. the weather today, more than 80 million people are under extreme storm watchinges as the northeast is weighed under snow. a looming strike over chicago schools on a plan to return to in-person learning. we'll have the plans details ahead. a growing push to out of governor gavin newsom is facing a recall vote over his handling of the state's pandemic. the fallout from that later in the hour.

nicorette knows, quitting smoking is freaking hard. you get advice like: try hypnosis... or... quit cold turkey. kidding me?! instead, start small. with nicorette. which can lead to something big. start stopping with nicorette at t-mobile, we have a plan built just for customers 55 and up. saving 50% vs. other carriers with 2 unlimited lines for less than $30 each. call 1-800-t-mobile or go to t-mobile.com/55.

so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. research shows people remember commercials with nostalgia. so to help you remember that liberty mutual

customizes your home insurance, here's one that'll really take you back. wow! what'd you get, ryan? it's customized home insurance from liberty mutual!!! what does it do bud? it customizes our home insurance so we only pay for what we need! and what did you get, mike? i got a bike. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪. connell: all right, it's a little bit of a winter wonderland around the northeast. we're getting blanketed, depending where you are up to two feet of snow. we have coverage with adam klotz in the fox weather center. aishah hasnie reporting from the streets of new york city. a pretty picture says the person who has not been standing in the streets of new york all day but how are you? how are things? reporter: it is gorgeous out here, connell, you're exactly

right. i think you can say that the snow is relentless. tell you what i'm talking about. here in times square they brought out the plows to clear the snow as quickly as possible. you see the ground, all the snow, that has been plowed two or three times already today. and then the snow just comes right back on top of it. it is something like two or three inches per hour. it has been incredible to watch. they're going at it again. we're bracing for 24 inches of snow here. new york city and much of the state is under a storm watch. in-person classes has been canceled. outdoor dining has been canceled. all the covid vaccination appointments at 20 sites have been canceled today and tomorrow as well. mass transit has been canceled. the path train connects new jersey to manhattan, that has been suspended. the above-ground subway lines here in the city have been shut

down. basically the message, if not home yet, you may have to hunker down somewhere else tonight. >> bottom line is, this is a serious situation. it is nothing to be trifled with. yes we had snowstorms before. yes, we've been through it before. but, this, this is a dangerous, life-threatening situation and again expect major closures. so you're not surprised. reporter: and connell, take a look, air travel is a big mess too. flights at laguardia have been suspended. 83% of flights at jfk are canceled. any remaining flights at newark were expected to be canceled as well. last time we saw this much snow projected or hit new york city was back in 2016 that was a very deadly storm. january, we're hoping we don't see any fatalities or injuries with this one. connell? connell: yeah of cou snow arouns

is a lot for us. thank you, aishah hasnie in new york city. adam the funny thing as we bring in adam klotz, looking at my phone over the weekend, every time i looked the forecast went up, seven, eight, 10, 12. now it's a couple feet? >> you're right the system will sit itself offshore and pick up extra moisture. potentially more snowfall than originally forecast with this one. nonetheless we're looking at widespread winter storm, watches, d.c., philadelphia, new york, boston. areas inland also perhaps where they will see some of the heaviest snowfall. currently temperatures all right around freezing. light know to moderate snow falling. a darker bands, deeper purple that is where the heavier snow is falling. winds an issue with this. wint goffeds over 30 miles an hour consistent. as center of sick lakes gets closer to land. that could cause its own

problems. going forward this is taking all the way into 2:00 a.m still snow falling in areas like philadelphia, new york, boston. this system is going to slowly weaken as we get into early tomorrow morning but it is city not gone. there will be lingering snow showers on the day throughout tuesday. this event takes place today and tonight particularly here right along the coast. so far we see snowfall totals up to 20 inches in locations. we're not done yet. more snow will fall in the next couple hours. this is additional snow fall in some of the areas, the darker colors, blues and grays. up to a foot with 18 inches on the ground, white getting 6 inches the case along the coast as the system continues to lift. when all said and done, new york city, already close to this, 14 to 18 inches of snow. 18 inches for folks across new jersey. plenty of areas talking about a foot of total snowfall. connell, we're still a little

over halfway through this thing. we'll be watching it. connell: that is the thing. it lasted a long time. thank you, adam klotz there. "fox business alert." the app harvest ceo and "hillbilly elegy" author, jd vance. they were on with liz claman, the beginning of the interview, this stock you're looking at was up 17%. as the interview progressed the stock was halted. there was so much volatility. ended up closing up 43% as you saw. this is after-hours update on appharvest. apph is the ticker symbol. up 18% in after-hours trading. there is example of interview on our air after hours with liz claman. two nasa astronauts completing the second spacewalk of the year. the astronauts are mike hopkins and victor glover, jr., they spent six 1/2 hours in space to

fix batter up grades and install high-definition cameras outside the international space station. back with more news. when you drive this smooth, you save with allstate the future of auto insurance is here you've never been in better hands allstate click or call for a quote today

♪. connell: all right. overseas now as the u.s. is promising action after reports of a coup in burma. the military seizing control in that country. senior leaders have been detained. fox news correspondent rich edson is live at the state department with the very latest on the story. rich? reporter: [no audio] connell: maybe a little bit of audio problems with rich. maybe he is having trouble hearing us. the obvious situation in burma many of us read over the weekend probably you could say is the first true foreign policy test for the new biden administration and how he handles this. as you said the u.s. promised action. what that means, what that action will be is the big question. so if we get to rich, we'll get

back to that later in the show. we have a lot planned here i want to get to now including the teachers in chicago. this is kind of been a tug-of-war that has been intensifying. we'll talk about why the teachers in one of the largest school districts in the country could end upsetting up a vote on a possible strike and do so within hours. we'll have that. then we'll have ken paxton. he said it quotes, stinks of corruption. he is ordering a texas investigation into robinhood. he will join us next on a explanation he thinks what went wrong there. we'll see what he means by all of that. we mentioned a moment ago, these individual stocks we've been watching closely over the past week, just look at the most active today. i know gamestop is getting a lot of attention. so much trading in amc. at the end of the day it was up huge but only up four cents. a lot of stocks, we'll talk about silver coming up. see that, sld, third one from the bottom, from the top, a lot

of trading there, up 7%. and nokia, also up by 7%, ford motor company as well. i do want to get, we'll get the commercial break in a moment to rich edson. we're talking as he comes to us from the state department. we had trouble hooking up with you audiowise. we're talking about burma, as i come to you, this is the first foreign policy test for the biden administration will handle it. reporter: not that the events are unexpected given the history of burma but what you consider top questions asking of the new secretary of state, new president on foreign policy. burma had not been on the front burner. you look, president biden is threatening sanctions against burma after the military seized control of the government and imprisoned its elected leaders. the president said in a statement, the united states removed best of your memory sanctions on burma based on progress of democracy. the reversal of that process

will demand immediate view of our laws and authorities follow by appropriate action. president offered no specifics behind that. biden says the u.s. will stand up for democracy where it is under threat. at the white house they asked the press secretary whether that was a warning to china? >> it is a message to all countries in the region and countries who will be asked to respond or to consider what the appropriate response will be in reaction to the events that have happened over the past couple days. reporter: secretary of state anthony blinken demanded burma reverse its actions. the defacto leader in 2015. she won the nobel peace prize in 1991 while under house arrest. she has been criticized her leadership while the country

suppressed the muslims. u.s. tried promoting democracy for decades that has taken a massive step back in the past 24 hours. connell? connell: some story. i am glad we got that on. we'll see how the administration handles it. we'll get the break in. back to talk to ken paxton, the attorney general of texas, in just a moment. don't go away. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪♪ i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body

to release it like it's supposed to. trulicity is for type 2 diabetes. it's not insulin. and i only need to take it once a week. plus, it lowers the risk of cardiovascular events. trulicity isn't for people with type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy. serious side effects may include pancreatitis. taking trulicity with sulfonylurea or insulin raises low blood sugar risk. side effects include nausea, diarrhea, vomiting, belly pain, and decreased appetite, which lead to dehydration and may worsen kidney problems. i have it within me to lower my a1c. ask your doctor about trulicity. (calm inspirational music) - i can't stop worrying. - why can't i sleep at night? - how do i deal with all this stress? - when did the world get so scary?

- hello, this is michael youssef, there can be no doubt that our world is filled with troubles right now. and yet, there is one person who said, "i can give you peace that can never be shaken even in the worst of your circumstances." jesus is the way the truth and the only giver of eternal life and he is inviting you to come and surrender to him. and he will give you unbelievable peace, a peace that seems too good to be true, but it's true. will you come to him? (calm inspirational music) - [female voice] are you looking for a peace that can withstand any hardship life can bring? visit findingtruepeace.com to find answers. again, that's findingtruepeace.com. (calm inspirational music)

repair your enamel with pronamel repair. our most advanced formula helps you brush in vital minerals to actively repair and strengthen enamel. so you don't just brush to clean, you brush to build. pronamel intensive enamel repair. i took out this personal loan with sofi and it significantly helped me lower the amount of interest i was paying. sofi helped me pay off $23,000 of credit card debt. and i just couldn't have done it without them.

♪. connell: all right. holding robinhood accountable. but for what exactly? the texas attorney general announcing an investigation into the online trading app after it had blocked trading of more than a dozen stocks last week, notably gamestop during the wall street frenzy we've been reporting so much on. ken paxton, the texas ag, joins us now. i said for what exactly. i want to dig in, this might take me a second, attorney general paxton, thanks for coming on to set this up. at first since you announced the investigation we learned from robinhood which is a brokerage, online trading brokerage, that they were told by the clearinghouse that processes that settles their trades they had to raise a lot of money. the ceo claims it was $3 billion to back up the trades. that those increased capital requirements was the reason they had to restrict trading in gamestop and other stocks because they were able to save themselves about $700 million on this bill to the clearinghouse, then pay the bill.

otherwise they probably wouldn't have been able to do it. does that settle things for you or do you still have an issue? >> there were lots of other companies involved. i think what i would like to see the internal documents backing that up. any other communications they might have had among these various companies that were involved. it certainly on its face looks suspicious given that small investors were the ones being harmed and the hedge funds, larger investment companies were benefiting. it would be nice to see the paper trail for what actually happened. connell: okay. but there is none yet, right? you don't have any evidence to suggest that any of the hedge funds, i know, you know, citadel or anybody else was involved in all of this? that is still in conspiracy theory land at moment, right? there is nothing to suggest that actually happened. >> right. we sent out what you call in legal circles like interrogatories, questions asking about their policies. asking about their internal communications, about how they decided to make these decisions

about trading and shutting down trading and restricting trading. also any communications they might have had with other companies involved in these transactions, so we can get the full picture. it is definitely possible when you investigate that you fine nothing wrong or on the other hand we may find more than people think they know right now. connell: i guess your language was quite strong, wouldn't you agree? if nothing has been found that is wrong, talking about the how the hedge funds and robinhood quote, rigged our free market for the benefit of wall street elites. you talked about a quote, coordinated corruption by, this is the part that is having, a cabal of oligarchs. all we know right now, these guys as strange as might look were following the rules. to be honest with you, looks to me, correct me if i'm wrong, robinhood might have broken the rules if they didn't restrict trading. in other words it wouldn't have the capital requirements met that would be an issue. if everyone follows the rules we

as far as we know, that is strong language a cabal of oligarchs. >> we talking about one company gave you an investigation. there were 13 companies we sent investigative questions to. we haven't heard from any of them despite one response from one company. we're far from knowing actually what happened in this case. we're far from knowing the truth. if they come out with information that provides us a explanation that is legal everything is good. that is the whole point of an investigation. connell: let me ask you about this other app involved, called discord. for people that don't know, basically a communications app i guess for texting and the like. i know you said you were taking a look at them as well. they had banned some of the group, the wall street bets group i suppose from using their app. they said it was because of hateful and discriminatory content. you know, that kind of reminds me of the twitter story we were covering a few weeks ago, a private company, you may not

agree with it, they do have the right to do that kind of thing? >> depend how they advertise themselves. if they say to all consumers is a place for free speech, a platform free speech but they have content moderation not based on legitimate issues, then their advertising to consumer something that is false. so states common any look into false and misleading advertising as it relates to how it affects consumers. that is not an usual thing for any state to look at. connell: oak. when you look at all of this, what are you looking to accomplish maybe in terms of remedies? there has been this debate whether this should lead to more rules being written or regulations being put in place. you're just strictly looking for laws that might have been violated? if so which ones are you looking at most closely, that you think may have been actually a violation? >> we don't have a specific law that we're looking at. but we're concerned about

consumers being misled, consumers being taken advantage of. what attorney generals do across the country. whether there is collusion among a lot of companies, lot of big companies that might have harmed individual investors. so look, if, the government doesn't step in to look at things like this, who has the resources to find out what the truth is, that is why we're here. connell: all right. they're doing it in congress i should point out as well, the financial services committee. the robinhood ceo will testify as far as we know from a report earlier this hour. we'll follow up on this, ken paxton, attorney general of state of texas. thanks for coming on. >> thank you. connell: all the stocks and the like, silver is getting the gamestop treatment today. we mentioned the price earlier. a eight-year high for silver after calls to buy the metal on social media, to rebel against wall street were coming especially over the weekend.

a silver ceo talks about this surge in silver. it is kind of, i think it is very interesting, right? brian, that an what you see in some of these stocks. it is definitely, i'm sure you can make a maybe more fundamental case for silver than you could for gamestop. maybe there is a case for gamestop but fundamental case is for silver. but will this get beyond fundamentals if we see the online goes really going after it? what do you make of what is going on? >> it is really interesting and i hope the ultimate outcome here a new generation of investors and speculators realize that silver is money. silver was money thousands of years ago. silver remains money today. silver will be money in 1000 years from now. now what's really interesting, if you look at the reddit crowd you look at them going after segments of the market that they believe there is manipulation

and that they believe the big corporates ganged up on the little guy. you see this in the silver market in spades. the paper silver market is hundreds of times of the size of the actual market for physical silver and what you continue to see are these open contracts get kicked further and further down the road with most participants in the silver market having no real ability, nor inclination to ever deliver physical. now physical is in short supply. if anybody tries to buy physical silver this past weekend they will know that and this -- like i say, was money, 1000 years ago, it will be money 1000 years from now and i hope people start to look at silver as a currency, a new generation of investors has not been introduced to the silver market.

connell: yeah. there are a lot of interesting angles to this i don't know if we'll get to them all today. i was thinking maybe you could explain this, discuss in terms how a futures market works. you're buying something or speculating on it for future delivery. to your point if you went on the internet over the weekend playing around to try to buy actual silver it was tough to find so what is going to happen if there is not enough silver to go around and these contracts expire? >> i think that's the ultimate question that is being asked here by the readied crowd -- reddit crowd, the wall street groups. it has been asked for some time. if there is no ability on people that enteshed into the contracts to ever deliver the physical silver they're contractually obligated to deliver, where does that lead us? that leads us to the potential for the mother of all short squeezes. now will that happen?

it is very tough to say. it's going to be interesting to see how this plays out but, i do think it has brought some attention to the silver market and that's great to see because as you mentioned the fundamentals for silver are excellent. silver demand is growing because of a electrification. the use in ev vehicles and electric vehicle requires double the amount of silver that an internal combustion vehicle required. you're seeing this demand growth. supply isn't growing in any marked way, yet the paper contracts continue to get bigger and bigger so i can see why this attracted that readied crowd. statement they look for markets that are rigged or manipulated. over the past few years some of the biggest banks in the world paid hundreds of millions of dollars in fines for rigging and

manipulating the precious metals markets. connell: you think they're going after those guys? jpmorgan has been mentioned. let me ask you one final last thing about this, we'll see how it all plays out. one thing, whether stocks last week, or silver, we're getting financial history lessons well, things like this similar phenomenons have taken place in the past. 40 years ago there was the famous case of the hunt brothers. if people don't follow the markets, look it up. a lot of people have been writing about it the last few days. they tried to corner the silver market. the price went through the roof. in september of '79 it, was like $11 an ounce. went up in january much 1980 to 49.45. two months later it was back up under 11. sometimes these can be short-lived phenomenons. wondering if there is any comparison to be made this time or as they say is this time different? >> it is going to be interesting. i think it is tough to corner a market. so maybe this won't be successful but it is important to go back to the fact that the

fundamentals of the silver market, the gold market are incredible. when i see a rising bullion market i like to participate to be in the miners. via the mining companies you get incredible leverage to the price of silver, the price of gold. i see a lot of very undervalued gold and silver situations out there in terms of everybody quits. connell: tell you this reddit story has given us a lot, given us new markets and all the rest of it. brian, thank you. >> thank you. connell: meantime shutting the last of its doors. toys "r" us closing the only two stores it had left open for business in the u.s. making a decision as a result of the hardships brought on by the pandemic. the toys "r" us website is still in operation. we'll be right back. stomizes yoe so you only pay for what you need?

i mean it... uh-oh, sorry... oh... what? i'm an emu! no, buddy! only pay for what you need. ♪ liberty, liberty, liberty, liberty. ♪ time to start brushing with parodontax toothpaste? if your gums bleed when you brush, the answer is yes. the clock may be ticking towards worse... parodontax is 3x more effective at removing plaque, the main cause of bleeding gums parodontax

connell: "after the bell" headlines, he is is in the cross-hairs, gavin newsom. looking to avoid the fate of gray davis as the only california governor ever to be recalled. newsom under fire for his handling of the state's covid response. the recall effort has picked up 1.3 million voter signatures. it needs to reach two million

before the middle of march, to insure at least 1.5 million ballot signatures are gathered. we'll watch that. deepening divide. new york governor andrew cuomo declaring he doesn't trust the experts in his health department when it comes to pandemic policies. nine senior health officials left his administration since last summer. "new york times" that the experts expressed alarm to one another after being sidelined and treated disrespectfully. one holiday cannot be stopped. more than half of americans are planning to celebrate valentine's day this year. they are expected to collectively spend $2.8 billion. tensions are mounting over reopening schools in chicago. the district and the union still at a standstill on a plan to return to in-person learning. let's get to fox's mike tobin with the latest on that. mike? reporter: connell, tens of thousands of parents who want nothing more than to get their sons and daughters back into the classroom. unfortunately they will have to

wait a while long. how much longer? that is unclear particularly with the information public right now. it is unknown. in-person classes were supposed to resume for kindergarten through 8th grade students. the schools were empty as the union and had reached compromise. city representatives sat on the zoom call yesterday and teachers union stood them up. notification for parents, almost a year there would still be no class today. the chicago school crisis came up at the white house press briefing. jen psaki dodged the issue. the president respects mayor lightfoot and supports teachers. >> he trust mayor and unions to work this out. they are both prioritizing right things, insuring health and safety of teachers, working to make sure children in chicago are getting education they deserve. reporter: parents, some of whom have put their careers on hold have grown impatient. one parent told our john roberts, when parents speak up

they're now subject to cancel culture. >> there is social media backlash from the public and unions representatives when parents speak out and we're mislabeled and our voices are squashed. we're bullied. our businesses and places of work are contacted. reporter: ceo of chicago public schools promised yesterday if teachers didn't show up today they would lose access to the technology they use for remote teaching. google suites. they didn't show up today. if she is going to follow up on the ultimatum that is not clear. any movement with the teachers and schools or teachers and the cities hat not been public. answers to questions will there be school tomorrow, parents just don't know. connell? connell: wow. mike tobin live from chicago. we have tens of millions of americans meantime are still under winter weather alerts. if anything, things in some spot at least get worse over the next

few years. we'll have more on that next. ♪♪ ♪♪ ♪♪ sfx: [sounds of everyday life events, seen and heard in reverse] ♪♪

♪♪ ♪♪ ♪♪ sfx: [sounds of fedex planes and vehicles engines] ♪♪ sfx: [sounds of children laughing and running, life moving forward] at t-mobile, we have a plan built just for customers 55 and up. saving 50% vs. other carriers sfx: [sounds of children laughing and running, with 2 unlimited lines for less than $30 each. call 1-800-t-mobile or go to t-mobile.com/55.

♪ connell: all right. we do now have a snow emergency declared in boston, a winter storm expected to dump over a foot of snow in that area. the schools have been shut down, and molly line has the latest. >> reporter: hi, connell. we are just outside of boston in the suburb of newton, and as you can see here, you can still make out the pavement on this highway, but things are expected to get far more treacherous in the hours ahead. the state has mobilized approximately 3,900 pieces of equipment to move the accumulating snow and ice. we have seen those snowplow trucks out here. state leaders are urging people to stay off the roads. the timing of the snow would usually raise fierce about a dangerous afternoon commute, but many people are working from ohm, and many students are home

too due to remote learning. governor charlie baker is warning of this storm's potential impact. >> i think the biggest question we don't know the answer to is what what the heavier snow is going to translate into along with the high winds with respect to power issues in the south coast, down along the cape and perhaps as far up north, that's really going to be a coastal issue. >> reporter: and this storm is throwing a curveball into the official launch of covid vaccines at historic fenway park, the iconic ballpark is now a mass vaccination site available to all those current eligible. health care workers, first responders and residents 75 years old and up, those with appointments today are being urged to come in early. appointments can also be rescheduled. some other sites, though, are closed for the day, and they are also rescheduling. there are some spots in the state that could see 15, 18, 20 inches of snow and big concerns about some of the heavy and wet snow causing power outages.

connell? connell: all right, molly. molly line up there in boston. i'm connell mcshane in new york, thanks for joining us as we wrap up our hour of coverage where there was the weather, the markets, the politics and everything else. i'm going to go shovel some snow, i guess. i see you back here at the same time tomorrow. have a great night, everybody. ♪ ♪ david: good evening, everybody, i'm david asman sitting in today for lou dobbs. lou, like millions of other americans this evening, has been affected by a massive snowstorm. what you're looking at are images from lou's home in western new jersey where he says he's already received 2 the feet of snow, and t not letting up. the slow storm is system is currently stretching from virginia all the way up to and continues to bring with it heavy snow, winds, and in some areas, the threat of coastal flooding. as of this hour the national weather service is predicting up to 2 feet of snow here in new york new york city, an amount that would

be the