this is just from one social media post from roaring kitty, a.k.a., keith gill, the source of all ofll the original interest around gamestop. you know about the movie, what happened with reddit. robinhood is higher. later in the show, we will dig deep. i give you gamestop. we are looking at other stories in the chip sector. there are three clear headlines. intel is up 3%. close to a deal with apollo for $11 billion in financing for in ireland fab. arm is not more than 5%. they are readying an ai product next year. softbank will support them financially. nvidia is higher, .3%. it had been lower after information reported that china is instructing domestic companies to stop ordering chips from nvidia. we have a big segment coming up, everything chips. there are a lot of individual stories to pass through. a lot going on. caroline: a lot of discussion on china vis-a-vis the u.s. coming from key leaders in u.s. government. we had a great conversation with janet yellen earlier, annmarie hordern sitting down to discuss china in particular. she feels china is not playing by the rules on tra

this came after one of their biggest online champions, keith gill, also known as "roaring kitty", re—emergedping the struggling companies' shares explode in 2021, and that's it for this edition of business today. thanks for watching. hello. i'm mark edwards. welcome to sportsday. here's what we've got coming up on our show: the late, late show dramatic comeback sees villa draw against liverpool with champions league football tantalisingly within their grasp now. the leading goal—scorer in history in the wsl, miedema, will leave arsenal at the end of the season and andre rublev sent tumbling out by qualifier alexander mueller. hello. thanks forjoining us.

stocks doubled after the return of social media posts by keith gill, better known as roaring kitty.'s get more from charlie who has been across the story. we will take a step back. this has been the week of the meme stock, a revival of 2021 days of retail investor enthusiasm for these heavily shorted stocks. what drove the rally and what led to the many pop? >> monday morning everything was ready for meme stock media -- many after grip for weeks and it started with the crib tweets that roaring kitty, keith gill sent out which was a picture of a man sitting on a chair and looking like he was leaning forward. traders have interpreted this to mean that maybe he was back, maybe he was going to play a big role in gamestop. we saw gamestop surge, we saw amc surge but i would say this is so far like a rice crispy rally where we saw a snap, then a crack and kind of a pop where we are seeing shares dipped down. you could explain this by, the bullish sentiment, we have seen the s&p up over 10% this year so maybe this was traders wanting to get in on, there was the tweet of course but as well,

this came after one of their biggest online champions, keith gill, also known as "roaring kitty", re—emerged struggling companies' shares explode in 2021. more in the next hour, see you soon. hello, and welcome to sportsday — i'm marc edwards. here's what's coming up. the late—late show — dramatic comeback sees villa draw against liverpool with champions league football tantalisingly within their grasp now. the leading goal—scorer in the history of the wsl, vivianne meedamer, will leave arsenal at the end of the season. andrey rublev sent tumbling out of the italian open by qualifier alexander muller.

this is all after keith gill, known as roaring kitty on social media, the face of the meme stock craze, made a post on x for the first time in three years over the weekend. he followed up with posts throughout the course of the day yesterday on twitter, or x, and reddit and other messaging boards as well and short sellers who got hit hard in 2020 and 2021 were feeling the pain a again. yesterday's losses of $1 billion for those betting against the retailer, according to data firm s3 partners. for more on the frenzy and if it will last, let's bring in todd gordon. todd, thank you for being here. is it surprising we are seeing the return of the meme stock craze? >> a bit. good morning, dom. how are you? it is. you know, i think just to start, i think the market is a touch quiet right now. we are going through the transitional period. i hate to say maybe some college kids are winding down in class. i don't think it is a return. it is a different market dynamic with the stock itself. it's a different, you know, it's a different economy where we are. roaring kitty is putting up a couple of

this came after one of their biggest online champions, keith gill, also known as "roaring kitty", re—emergedn 2021, and that�*s it for this edition of business today. thanks for watching. i see myself in the girls that we�*re fighting for. i see myself in the girls that we're fighting for.— we're fighting for. climate chan . e we're fighting for. climate change is _ we're fighting for. climate change is real— we're fighting for. climate change is real and - we're fighting for. climate change is real and we - we're fighting for. climate | change is real and we must we're fighting for. climate - change is real and we must act now _ change is real and we must act now. �* , , , now. argument is less powerful than emotion, _ now. argument is less powerful than emotion, and _ now. argument is less powerful than emotion, and negative - than emotion, and negative emotion— than emotion, and negative emotion is— than emotion, and negative emotion is more _ than emotion, and negative . emotion is more pro—powerful than _ emotion is more pro—powerful than positive _ emotion is more pro—powerful than pos

keith gill, who helped ignite a frenzy three years ago, returned to social media. his actually happened back in 2021. the video game store saw its value temporarily soar after gill set off the so-called meme stock craze. and here's a live look at the gamestop stock right now. you see, it's up about 67 points. >> taking a live look at the new york stock exchange as trading gets underway this morning. and we are up about 50 points. there's a unique real estate listing on the market in socal, a town named campo is up for sale. >> it's located in san diego county, just about a mile away from the us mexico border. and it's going for $6.6 million. >> the sale includes 21 residential buildings, seven commercial properties, a post office, lumber yard and thrift store. it's currently owned by a las vegas investor who has previously failed to sell the town. there's approximately 150 residents in campo, california. restaurants have found a clever way to possibly get out of the surcharge ban. senate bill 478 is set to go into effect july 1st. that requires businesses to disclos

and the man who posted it is the investor keith gill. also known as roaring kitty. he has not been active on twitter since 2021 when he and a group of amateur investors upended wall street. >>> they pushed these stocks so much higher that the people who have bet against them were forced to buy their positions back and a lot of them lost big money. >> gill has had his fair share of critics who claim he manipulated the market. in february of 2021, he was called to testify in front of the house financial services committee. and it was a strong day overall in the u.s. markets with all the major industries making solid gains. >>> the biden administration is raising tariffs on china. up next, why they could have a major impact on the electrical vehicle market. >> we'll never allow them control of the market. >>> and plus meet a pair of women with a love of bowling. how their shared passion norman, bad news... i never graduated from med school. what? but the good news is... xfinity mobile just got even better! now, you can automatically connect to wifi speeds up to a gig o

. >> reporter: that's keith gill, aka roaring kitty featured in the movie "dumb money", which told thery of those amateur investors sticking it to the wall street pros. >> how much did we make today? >> $5 million. >> how much did we lose today? >> $1 billion. >> reporter: amateur investors online championed what they saw as a revolt against wall street. but experts say the real way to beat wall street is to get rich slowly. >> what they actually hate is people buying and holding index funds, being very passive. doing the financially smart things that work over decades. >> reporter: for most investors, boring is better. kristine romans, nbc news. >>> now to a story that rocked mlb. the former interpreter of shohei otani pleading not guilty in los angeles federal court. but it's mostly a formality, because he has already negotiate add d a plea deal. he is accused of stealing nearly $70 million from otani, to pay off his gambling debts. >>> still to come, no history, science or math knowledge required. amazon is prepping a new version of "jeopardy." of "jeopardy." this isn't charmin! no

but i have a question for keith gill, why not tell people why you did it. saying gamestop is now a good investment opportunity? we don't know. what we know is that it triggered what i would say is eye information rick and speculative buying among the retail community which is never a great thing.information rick speculative buying among the retail community which is never a great thing. >> he said a bloomberg says what about the idea if keith gill were to have gone on and bought options ahead of time, tweeted this and then made a lot of money based on everybody going into this and the price going up, is that illegal. it is not insider trading. >> not insider trading. that is clear. and he is trading on his own information, that is why it is not insider trading. but is this something that we should be tolerating in our markets? whether it is legal or illegal? i don't think so. and that is why i say why doesn't he -- >> the idea i would think as you look at this more in the context of market manipulation. and the question is, are you allowed to manipulate the

. >> reporter: that's keith gill, aka roaring kitty, featured in a movie "dumb money" who told the storyr investors sticking to it the pros. >> how much did we make today? >> $5 million. >> reporter: how much did we lose today? >> a billion. >> reporter: it wasn't just a get rich quick scheme. amateur investors online championed what they saw as a revolt against wall street. but expert says the real way to beat wall street is to get rich slowly. >> what wall street actually hates isn't a meme stock. they actually hate is people basically buying and holding index funds, kind of being very passive, doing the financially smart things that work over decades. >> reporter: for most investors, boring is better. cheese low cost index funds. ooms keep management key fees to a minimum, and check your requirement accounts twice a year. christine romans, nbc news. >>> when we return, the next chapter in the battle over the role of a public library in a town called metropolis, next. the wayfair vibe at our place is western. my thing, darling? shine. gardening. some of us go for the dramatic. how didn

gamestop shares soared as speculation swelled about keith gill or lauren katie.gaming controller. traders interpret that to mean they are coming back into action. he shot to fame by rallying day traders to squeeze gamestop. openai is launching a cheap version of the ai model underpinning its chatbot. they bowed chatgpt forward. openai says the updates will be available to users in the coming weeks. the startup is holding onto a market that is crowded. let's see how are tracking on markets. a number of things we are watching. jgb's are interesting, closing in on highs. for year yields are closing in on the number we have not seen since 2011. began is weakening. we will hear from alibaba, tencent, sony. watching a possible buyback. sony might see revenue decline. a lot of game titles for playstation. here is what is moving on global markets at the moment. we will be speaking, a risk off day around the asia-pacific. we have india nudging into negative territory after a positive start. that is it for bloomberg. ♪ thanks to avalara, we can calculate sales tax automati

we haven't seen the person, keith gill hasn't been on social. he used to be streaming back in 2020.hasn't physically appeared. the handle is back to posting videos. no one has confirmed or talked to him himself to see if he has resurfaced after three years of being away from social or to read between the lines. it could be other actors but no one really knows. ed: loads of people tried to play this week. people have taken to social media. i made a small amount of money by selling shares. is there a sense it was something bigger than that beyond retail traders playing the moment? bailey: when you look at trading close on the likes of fidelity or interactive brokers, it is a small portion compared to 2021. fidelity, over the past week, the number of orders has been matched. when you look at the hundreds of millions of shares traded in gamestop, and north of one billion at amc, the underlying factors point to this is some sort of momentum trading. ed: what a week it has been for you. coming up, coreweave receives $75 billion in private debt. we will be right back. ♪ (♪♪) (♪♪) what took

this comes after stock trader keith gill, known as roaring kitty, posted his first meme on x. he sparked the game stop stock craze during the pandemic. today, day two of jury selection in corruption trial of new jersey senator bob menendez after zero jurors seated yesterday. menendez faces charges alleging he accepted gold bars and cash from as /* acting as a foreign agent. west virginia republicans looking to flip joe manchin's seat as governor jim justice faces off against congressman alex mooney. fo former maryland governor hogan is dominating while david trone and angela brooks squaring off in the senate primary. those are some of the headlines. >> steve: talk about this, this is cover of the "new york post" this morning. jen psaki has a new book out and she says that when the -- during dignified transfer of the president of the united states never looked at his watch when troops were being returned in august of 2021. you can see there, he's on his watch. on his watch. >> ainsley: yeah, the book excerpt is called "say more" and she said the president looked at his watch af

that is keith gill, a.k.a.ng kitty featured in the movie dumb money which told the story about young amateurs sticking it to wall street pros. >> how much did we lose today? >> reporter: it was not just a get rich quick scheme, they also championed the revolt against wall street but experts say the real way to beat wall street is to get rich slowly. >> what wall street actually hates is people buying and holding index funds and being passive and doing the financially smart things that work over decades. >> for most investors, boring is better, keep management fees to a minimum and check your retirement accounts twice a year. nbc news. >> boring is better but not for the mean stock boys. gamestop is now currently worth more than walgreens. gamestop sales are just 5% of walgreens. this makes no sense. >>> when we come back, history on the hardwood, katelyn clark making her probe debut tonight as the new wnba season tips off. when the 11th hour continues. ah, these bills are crazy. she has no idea she's sitting on

. >>> shares of gamestop are soaring this morning and one of the prominent backer is back keith gill made the social media post on x, the first in three years. this helped spark the meme craze in 2021. it was an image appearing to state he sitting up and paying attention. that's what we got. >> that's all it takes >> apparently. >>> protests erupted at duke un university's graduation ceremony as jerry seinfeld was due to give his address seinfeld has been supportive of israel he delivered his speech uninterrupted. 30 students walked out it did make headlineses. protests disrupted other ceremonies, including one at uc berkeley in los angeles, protesters clashed with police outside of p pomona college ken griffin said this was the product of the culture revolution in u.s. education griffin is a harvard alum and has given more than $500 million to the university. he said, the narrative on some of the college campuses has deinvolv devolved that the system is unfair in january, griffin called harvard students whiney snowflakes and he was pausing donations over the anti-semitic comments on

this is keith gills first on-line post we've seen in three years, roaring kitty as he's known, was reallye stock frenzy in 2021 and led the traders to gamestop. short squeeze posting a cryptic photo of someone leaning forward in a chair that was enough to send gamestop up, as we said, more than 100% it has been halted for volatility robert sent out a note, since trading activity for gme has only been ten minutes, the rest of the day has been halted and with just ten minutes of trading the stock did 3.5 times the normal volume. it's not just gme, other so-called meme stocks like amc are catching a bid it is one sign of overall risk appetite increasing. you'll see that showing up in the options market, especially for the most volatile corner short maturity, once reserved for professional traders, zero days to expire options have climbed in popularity among everyday investors, these are one-day bets on the direction of the market which could offer outsized returns, rewards and also outsized risk last week retail activity in zero dt options as known, saw the biggest weekly sales since the beg

who knows about roaring kitty and what keith gill did there or didn't do. all of it is perfectly legal. >> portnoy. >> there are people buying the options now to your point. maybe they'll do incredibly well. already today they are. yesterday the volume was enormous as well. >> nothing to do with stocks, second time i've quoted squawk because i'm a team player. is it investing? does it matter? he doesn't think it's right. the problem is this whole game has been caveat emptor from day one, from day one. >> market value is going to double from 9 billion to 18 billion today? it's absurd, ridiculous. anything else you want to add there. it's happening. >> what i would do if i were gamestop. there's a law about when you buy back. if you're gamestop you could tell a billion dollars worth of stock and get out of the gaming business. >> play the tape three years ago when you were saying the same thing. >> that's the moment i ripped out my catheter. the great moment where i can't read my twitter. >> back surgery. >> i crawled into -- i have to do "mad." >> he said no

million shares following a rally earlier this month that was sparked by the return on social media of keith gillaka, roaring kitty, whose bullish call kicked off the meme stock frenzy frank, up more than 100% month to date. >> it took one cryptic tweet silvana, thank you >>> back to the markets. a big week ahead for the economic data in the u.s reports on housing and consumer confidence and gdp the biggest of all is pce on friday pce is expected to tick down 0.2% on the month. eurozone data is out on friday the numbers may not derail the ecb rate cut expected next week, but it could influence decisions on future rate cuts. joining me now is mark haeffele. >> great to see you. >> we have inflation reports here in europe also a central bank decision in europe a lot of things going on big earnings report from nvidia. with all this going on, you raised your s&p price target to 5,500. you have a goldilocks numbers of 700. there is a lot of potential for volume actuality >> all great points. this is really a time to take a little bit of a step back as we enter the summer and look at some of the bigger

and amc entertainment up in the premarket, gamestop up 50%, amc up 55% both skyrocketing after keith gilly the social media handle roaring kennedy made the first post on accents 2021 he originally played the role in the videogame gamestop with bullish comments during the peaks mean stop media in 2021, yesterday gamestop after being halted numerous times closed up 74% while amc surged up 78%. one man's moves and bullish moves census stock soaring. a new poll show president trump commanding lead over president biden in five key swing states were getting into it with carlos gimenez on what is behind the growing support for 45. stay with us. ♪ and they're all coming? those who are still with us, yes. grandpa! what's this? your wings. light 'em up! gentlemen, it's a beautiful... ...day to fly. maria: new polls by the new york times philadelphia inquirer and siena college fighting former president trump beating president biden in five key battleground states pennsylvania, michigan, georgia, arizona and nevada all states that biden one in the 2020 election, trump leads biden by 12 while biden ho

this was all sparked by the keith gill, you might tharm name aka roaring kitty v.m him since the game stock saga. back on line and traders took his tweets as a signal to buy. addressing today who is doing the buying? retail investors were responsible for 7% of the game stock turnover and 10% for amc. game stop has seen more than 15.8 million inflows from retail but nowhere near the peak back in 2021 that were topping 87 million a day. it signals risk-taking scott. many approaching this type of trading as a joke. a way to jump in on the social media bandwagon, hedge funds tends to monitor social media sentiment and get in. but pro-traders are hedged. name hedged funds, many of these in prior cycles were low to sell, diamond hands, amc mentioned rallying today, blackperry, tupperware, all of them are household names with shortened financial. >> appreciate that. speaking of meme stock. the new stocks getting the most buzz on the message boards for the names and the full story. go to cnbc. >>> up next, we are tracking the biggest movies in the close back to christina w

check out shares of gamestop surging 60+ percent up 110% at session highs today after keith gill, akay posted online for the first time in three years. gil showed a gamer taking the game seriously and this was enough to bring out the meme masses with the likes of amc, plug power, chewy and hertz all seeing big gains today if you wonder what they have in common, the roaring kitty's gamestop shares now clocking in at 24% of the float and a whopping 17.4 days to cover as you can see right over there, but its plug power with the highest short interest at nearly 31% as you can see here. one reason why all of these stocks have started spiking in the session today. conclude from that what you will coming up, shares of this housing adjacent company are up more than 13% so far today and our technician says they've broken a key level the name and the two others apparently flashing buy signals. that's next. after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" bacon and eggs 25/7. you're darn right. solar stocks are up 20% with

posts this morning from their leader, the leader of this meme movement, roaring kitty, real name keith gilley're still down. the "wall street journal" compares gill to having a warren buff with fete-like influence on wall street -- buffett like. perhaps he's parking lot of a select group of elite investors. the legendary warren buffett appears to have a similar influence. that was true for two days. that was true for monday and tuesday. gill posted for the first time in three years on monday. gamestop shares were with up 180% monday and tuesday combined. amc up 135. they were stars of meme mania back three years ago. but in the past three years, i think you could make the argument that roaring account kitty's followers have gotten a lot more sophisticated and moved on. >> but you've got this group of, or let's say, more sophisticated retail traders who don't care about the names. they move from name to name to name wherever they see a catalyst, wherever they see high short interests, they're going to pounce. lauren: sunpower, trump media, other names with big short interests. go ahead. stua

the video game store saw its value temporarily soar back in 2021 after a trader named keith gill set last night, gill made his first post on x in years, a cartoon of a gamer, and then gamestop stock surged. >> well, financial regulators are worried about certain mortgage companies they say could make the next recession worse. they're worried about mortgage companies not tied to banks, including rocket mortgage, pennymac and mr. cooper. you see, they don't face as much regulation and don't have a safety net of stable deposits like a bank would. regulators want lawmakers to create a backup fund to help if one of these companies goes under today, they blessed the ground tonight to see what comes next to create the newest monument in the vietnamese heritage garden in san jose. also ahead, a must watch day in donald trump's historic criminal trial as one of the prosecution's most important witnesses takes the stand we're in the middle of... seizing the date! ♪ in the middle of... trying new things! ♪ in the middle of the perfect pairing ... and parking it here for the night! ♪ so come get

keith gill returned to socially meet it with a cryptic post. in an exclusive conversation with janet yellen on the nation's economy, the nation's outflow, and the u.s. china relationship with president biden set to quadruple tariffs on chinese electric vehicles. and as it done with goldman ceo at the choose france summit hosted by emmanuel macron. david solomon joins bloomberg tv for an exclusive interview at 10:30 a.m. new york time. ♪ katie: i'm katie greifeld in new york. welcome to bloomberg markets. markets this morning are pretty green but it is pretty quiet. s&p 500 currently higher by .1% payment same thing if you look at the nasdaq 100, also .2% higher. a little bit more action if you look at the bond market. that really continuing with 10-year yield's lower by two or three basis points. back below 4.50. greenblatt quiet. looking for some action, let's go to bailey lipschultz. it feels like we woke up in 2021 feeling like what is going on with gamestop right now. bailey: we are so back, as is marine kitty, call it a meme of a player. t

sunday night, keith gill made his first post on x in years. on monday, gamestop stock spiked more than 70. remember this you might recall the same thing happened back in 2021 when gill started posting about buying stock in gamestop and amc theaters. >> melinda french gates is stepping down from the bill and melinda gates foundation. she and her ex-husband bill gates founded that nonprofit 20 years ago with the goal of improving health care and equities across the world. they've turned it into the second largest charitable foundation in the world. ceo mark suzman says french gates will now focus on her next chapter of philanthropy, particularly strengthening women's rights. her last day at the foundation is june 7th. the organization will now change its name to the gates foundation, coming up at 530. >> google's i o conference kicks off from mountain view today, but a planned protest this morning is threatening to shut down its flagship event right now. >> this live look outside at 526. >> this is abc 724 seven. >> in san francisco, live at lev

mobilize internet and move markets again, you might remember roaring kitty, aka deep f-in value, aka keith gill back from what, 2021 he was one of the leading forces that had nonprofessional investors go up against big time hedge funds and drive up the price of stocks like gamestop, like amc, game socks probably surged around 1,600%. >> meaning if you had 100 bucks and gamestop right before the spike and sold all your shares at peak, you would've had $1,700 sounds like a real david and goliath story, right well, roaring kitty broke his three, your silence, just on sunday night posting this on x. >> it's a meme gamestop itself posted months batch on a gamer leaning forward. now, basically means that things are getting serious and then things like that serious monday morning game sock, sock. it price surge 74%, amc, their shares went up to. and since then, roaring kitty has posted meme after meme gamestop and amc shares have pulled back, but there fill up simulate for the week. and the big questions remain are these meme stock frenzy is the new normal? is it truly righteous rage against the machi

all of this action, if you missed it, sparked by a series of online posts by roaring kitty, keith gillmeme stocks and gamestop three years ago. robinhood one of the other companies benefitting from all of this buzz. bank of america out with a double upgrade of robinhood this morning to buy from under perform and points to the rising retail engagement this week and say that could drive more than 40% upside of consensus for robinhood. accelerating organic growth and part of leverage. getting a boost this week, guys. >> kate your study this closely, how quickly can rising retail engagement filter through to robinhood? it's surprising one week of moves is enough for them to totally change their conviction on the name? >> yeah. 40% upside was surprising, leslie, but the ceo tweeted out he also kind of got in on the on-line banter this week but tweeted out stats on tuesday, that said the equity trading volume about $5 billion. he said it was their biggest day in roughly a year. we are getting real es-time sta and had taken a back seat to crypto volume, for example. it's a big deal for them i