chairwoman waters: the fdc -- the fec is not here today. this is a serious hearing in their mind the members not to ascertain the moment -- not to judge the motives of others. >> there is a reason for penalizing a market improperly training ahead of its clients accounts. notice i said improperly training i don't want to go through the scenario of there being a time for proper training. i would like you to tell us what that reason is. ms. schlup: to put trading ahead of customer accounts is illegal. >> i understand it is illegal. i don't mean to be rude, but i have to ask this quickly. what happened to the moves that can be monetized that the market maker profits greatly? ms. schlup: if a market maker trades improperly head of the account, he can get a better price and move the market improper, thus hurting customer. >> and if this trade is huge and see that the trade the client had and will have an impact on the market, how does that benefit the market maker? ms. schlup: the market maker can get a better price for himself before the market

the fec is looking at this.stocks exchange on penny stocks and it is fascinating we went back and look at some of the numbers there are just, i mean -- i'm going to get the numbers later on today we'll probably do it in a future broadcast i'm claiming but there are dozens and dozens of penny stocks to trade on new york stocks exchange i never knew that. it is new york stocks exchange supposed to be gold standard, i mean, and you can dabble in penny stock there is in it is fascinating fascinating and remember as long as it is listed you can trade it on schwab and robinhood that what is they are worried about here if thee these weren't listed we wouldn't have insan city of the last couple of weeks. but anyway i'll be back with you. >> can you imagine charlie sorry jumping on you but if they delist these, you talk about raising holy hell -- >> can't delist them now -- require revolt -- >> they can't delist them now they're not trading penny stock right now but before -- >> if they were to make a move and if that wo

earlier in the testimony, you said you need, we need more help from the fec. can you give examples where you needed help on the fec and it was possibly a little lacking, can you give us concrete examples of how you could get more help? what specifically? >> thank you i reached out to detectives just to find out more about the fraud they received, they are the ones to put the bad guys in jail. that's what we need to be doing. an example was there was a particular case where we have an elderly victim and she lived in the living center. her adult son was a power of attorney in charge of all of her finances. one of the caregivers the assisted living center started doing credit cards for multiple. in an effort of the power of attorney to go get the evidence from his elderly mom's account, he went to the first credit card company, they declined to help her get the information he needed. he went to the bank they helped get information on her account but her name was not on a credit card and did not get the information. he signed all the paperwork, all the authorizati

chairwoman waters: the fdc -- the fec is not here today. this is a serious hearing in their mind the members not to ascertain the moment -- not to judge the motives of others. >> there is a reason for penalizing a market improperly training ahead of its clients accounts. notice i said improperly training i don't want to go through the scenario of there being a time for proper training. i would like you to tell us what that reason is. ms. schlup: to put trading ahead of customer accounts is illegal. >> i understand it is illegal. i don't mean to be rude, but i have to ask this quickly. what happened to the moves that can be monetized that the market maker profits greatly? ms. schlup: if a market maker trades improperly head of the account, he can get a better price and move the market improper, thus hurting customer. >> and if this trade is huge and see that the trade the client had and will have an impact on the market, how does that benefit the market maker? ms. schlup: the market maker can get a better price for himself before the market

i think the fec -- s.e.c. is going to have to deal with that issue. do we deal with -- manage information, sensationalizing things, that can whipsaw the markets up and down? and these actors, how are they regular did? -- regulated? are they allowed to say whatever they want, or is there a higher standard now? taylor: that was social capital founder palihaptiya. can watch more of that conversation tonight starting at 8:00 p.m. eastern. the cloud monitoring business has soared over the past 12 months. why is a company like that a dog -- data dog taking a hit? plus we will hear more on the nearest -- the stack attack. this is bloomberg. ♪ taylor: this is "bloomberg: technology." i am taylor riggs in new york. datadog, the cloud monitoring platform with clients such as air be any -- airbnb, had a report that left investors a little wary. let's bring in the cofounder and ceo. it is great to have the. analysts highlighting the skyhigh valuation and perhaps wanted more out of the outlook. what do you say to them? >> we are very happy with our quarter. we are

and mexico has one of the highest rates of covid up fec in today.aying quote -- close down the facilities, we don't need them, we don't need borderer detention facilities, t now he is opening them up. what do you hear when you say they repair for something bad to happen? what does this mean? >> that means that there are converging hoards of people who have been really, they have been -- president biden advertised the fact that he is suspending deporting as, and will let peoplet come in to and ask for asylum, they don't have to wait in mexico any longer, they reare leasing people in into the interior and the all great policies that trump administration came up with over last 4 years to get a handle on this, are now being reversed and president biden telling us, there is no crisis building on the border, but all signs, simp symptoms and communications between president and his dhs secretary, and his department shows that is a terrible brewing crisis down there. that will endanger the american people. it will cost us dearly. we're turning ourselves who

you also need the fec, they're pretty feclless themselves to look at their books. when you make a donation to a super pac there are limitations and they may have violated that. >> harris: you heard gillian. we're digging on that part of the story as we find out whose pockets that cash may have landed in, potentially millions of it. one of the people that gillian talked so said just shut it down already. your thoughts on that. do you shut down the lincoln project and move on? it doesn't solve the legal problems, though. >> no, it doesn't. that was kurt bar della, he worked for darrell issa and jumped into this project. you need to shut it down. even george conway saying it is probably time to shut it down. it was a farce, a scheme to raise a lot of money and line those people's pockets and stir a lot of problems within the republican party because they don't have a home in the republican party of the future. and i do think they need to shut it down and probably should have shut it down a long time ago. >> harris: the white house has reaffirmed that president biden b

on an e-mail they would be exhibit to a criminal if not civil case, what we have to know the are the fec rules effective and being enforced on the exchange roles effective in being enforced if these prices were going to 0 instead of infinity do we think exchanges would've stepped in, we obviously have payment overflow issues but things like b-uppercase-letter climate the reason why vlad tenev is going to say i want to reduce the capital requirement that's what he wants to go through processing because he doesn't want to put up any money. he doesn't want to support his customers trade. liz: everybody has to realize this is not fantasyland and you need money to close the system. we will watch it all. patrick and tyler we will have you back you clarified some things but not everything. were looking at the broader market charging ahead, winter weather we can have a contract exactly at the point when a new covid mass mandate takes effect. the new rules for trains, planes and automobile hubs is the big massive northeastern rolls on, closing bell and 47 minutes. russell up one and a quarter per

health leaders announcing a wider priority list fec tev february 28th.will include teachers, child groups such as food and agriculture workers. health leaders say that the county is making good headway vaccinating seniors and tease time to push forward providing supply rates remain stable. >> it's gradually increasing and the primary limiting factor is supply and we don't get estimates for this is what your supply will look like in a week or two weeks or four weeks. >> the county has 80,000 appointments over next week, meanwhile starting today the alameda sheriff's office will start vaccinating its employees. unfortunately the department has lost two staff members to coronavirus. >>> other new vaccine sites are popping up across the bay area. alameda county fairgrounds in pleasanton is a drive-through site. anyone 65 or older and health care workers are eligible but you must have an appointment and a vaccination site now a pilot program. san mateo county is working out to see if the airport parking lot would be a good fit for a mass vaccination site. >>>

costco had a recent fec filing in which you state and pill quote this, it is not too long.you say because the hours of operation are shorter than other retailers. and due to other efficiencies and in a warehouse type operation, labor costs are the lower, are lower relative to volume of sales. merchandise is generally stored on racks above sales floor and displayed on pallets with large quantities reducing labor required. so from what little i know about your business and from what i just read in the fec filings would it be fair to infer that relative to most of your most direct large competitors, you have fewer workers per dollar of sale. >> absolutely. >> right. so you pay more but you may more to fewer people. >> of course. because we have efficiency built into the p business. >> you have a business model that does that, and i think the important note is here is that's what you get if you decide to arbitrarily establish a wank that's higher than prevailing market raise some will actually get raises and other people will lose their jobs. reminded of wisdom of thomas seoul

i suspect we'll find out when we see the receipts with the fec at the other end. >> good luck gettingaid. that's all i can say. maggie haberman, thanks for being with us. we appreciate it. >> thank you. >>> house democrats issued an ultimatum to republican leadership over congresswoman marjorie taylor greene. we have a lawmaker behind the effort to remove greene from her committees next. and the father of a student killed in the parkland massacre. this valentine's day, find the gift... ♪ that makes your love shine... ♪ even brighter. ♪ zales. the diamond store. ( ♪ ) ready to juvÉderm it? correct age-related volume loss in cheeks with juvÉderm voluma xc, add fullness to lips with juvÉderm ultra xc and smooth moderate to severe lines around the nose and mouth with juvÉderm xc. tell your doctor if you have a history of scarring or are taking medicines that decrease the body's immune response or that can prolong bleeding. common side effects include injection-site redness, swelling, pain, tenderness, firmness, lumps, bumps, bruising, discoloration or itching. as with all fillers, there i

when i went to the football stadium in memphis, the place for african americans to sit at the fec footballgame was in the in zone, the lower corner in the lower ten rows, the only thing they could've done to make the seeds worse was to put a p hot g stand in front to interfere with the vision. it was unbelievable what they did, unequal opportunities. but there was also lynchings, even worse and they were advertising people came, to watch the lynchings and get body parts and cheer. it was disgusting, this is the turn-of-the-century and through hithe 1900s. there was violence, intimidation and disenfranchise. mostly in the south but other places as well. it was not until 100 years after the end of slavery that congress under pressure with the civil rights movement thurgood marshall's, doctor king's work, finally earned. out its duty to end jim crow bypassing the civil rights act of 1964 and the voting rights act of 1965 and other civil rights better for fulfilling the constitution equal citizenship. while those great civil rights leaders were greatly responsible for the civil rights act and

newly appointed treasury secretary janet yellen calling for meeting of regulatory agencies fec federal gamestop, securities and exchange saying it plans to review actions of brokerage firms whiching restricted investors ability to trade volatile stocks president joe biden signing three more executive orders on immigration yesterday include establishing task force he says will reunite family separated at u.s.-mexico border review asylum policies direct homeland zourt review public administration public charge rules democrats take first step advancing trillion dollar trild relief package without republican sport 1.9 trillion close to two trillion have to processed the resolution knows to reconciliation will allow democrats to pass 1.9 trillion aid package with simply majority without republicans. top impeachment managers laying out case, on former president donald trump, in a brief filed yesterday democrat managers laid out legality saying trump -- no longer being in office there is no quote january exception to impeachment, in response, the trump legal team denied that he sparked any ri

the it will fec and game stop must happen asap. so washington has taken note, ainsley.sley: josh hawley weighed in on this. the republican from missouri. >> these day traders retail investors they have been subjected to more criticism and more scrutiny by the wall street types than the people who single single-handedly crashed the financial system in 2008 and then got bailed out by the government. it's incredible double standard. they vehicles posed that double standard. and it goes back to concentrated power. whether it's on wall street, whether it's with tech. we need to go after it. and we need to let every day folks have their share, have their power. that's what the constitution says. we the people. if. ainsley: so eight of the companies are still restricted. it was 50 as you said. the ones that are lifted to it american airlines, starbucks, g.m., bed, bath and beyond: when it comes to game stop five shares one options of. steve: you already have to have game stop stock are bine brian last time i had a tootsie roll i had to ice my jaw. is it ever fresh. steve: cool

number two, after the stock market crash in 1929, you saw the rise of the fec shared responsibility and the instruction of generally accepted accounting principles. in 2021, and they did that because they recognized what was happening in private companies and public companies, affected our nation's security. in 2021 is it time for us to consider a bipartisan government and private sector of looking at generally excessive security principles. it just isn't satisfying to me that it is up to people's choice of basic level security particularly if it is a publicly traded company and particularly if it is a government organization so i think we ought to look at something like that and the last is -- i think in this interconnected world where the boundaries that we created in the past that were physical between government and sector federal and state and local have just been obliterated. and we're in a place now where the threat surface is disproportionately not in government control and we almost have to change the incentive structure in terms of who is responsible and who is supporting soen