citroen posted a critical tweet of the company on tuesday and that unleashed this backlash. if you look at wall street that's right now, they are celebrating, especially because theyrecommenting on gamestop. caroline: the internet remains undefeated and seemingly short-sellers in this case. what does it speed to more broadly about retail's impact in the market and what we are seeing? it does not feel like this is all retail that is pushing very -- various benchmarks to new highs. katie: if you check out the short interest on this, there is a lot of money here. we are not talking about a penny stock, which went crazy early this week and last week. we are talking about $54 a share, that is a lot of money going around, and if you look at data from partners, 141% of available shares were sorted coming into today, which is possible because he can short shares multiple times. s3 estimates that that has caused market losses for those people that came into this with a bearish position. a lot of money on the line. romaine: i am curious about the broader market, maybe you can explain

quickly buying back shares to cut their losses among them high profile names like melvin capital citroen capital and point $72.00 asset management wall street cried foul and warned the new investors about the danger of losing damn money in the long run it turns out they already knew. that's what it is is their regular joes versus wall street and when i put money into it i said even if this goes to 0 and i lose everything i like being a part of it that i think that that sentiment is shared amongst a lot a lot of people. so it's not only about money it's a david versus goliath fight. they're up to date on d.w. news up next our tech 19 shipped omarion and steam from me and the entire news team in berlin thanks for watching. it's about billions. it's about how the work. is about the foundation of the new world order the new silk road. china wants to expand its influence with this trade network. putting corrupt there's a short morning when for exception money from the.

quickly buying back shares to cut their losses among them high profile names like melvin capital citroen capital and point $72.00 asset management the total damage to the hedge funds over $5000000000.00 wall street cried foul and warned the new investors about the danger of losing in the long run it turns out they already knew. that's what it is is their regular joes versus wall street and that's when i put money into it i said even if this goes to 0. and i lose everything i like being a part of it and that cemented shared amongst a lot a lot of people. so it's not only about money it's a david versus goliath fight that goliath might win after all under pressure trading platform robinhood which most game stop bias used has now limit to trading with the embattled shares sparking protests in the community and even on capitol hill. they were only given the option to sell and not given the option to purchase which would necessarily and or rather you know quite expectantly drive down the stock price you know i think these are things that are just calling a lot of attention and and as i mentio

when we started citroen was to be against the establishment.ctually become the establishment. we have done this whole thing without ever hiding from lawsuits, without ever hiding behind a pseudonym. it has completely lost its focus. as of today, citroen research -- citron research will no longer be publishing shortselling research. alix: professor, we have seen a lot of companies try to get ahead of all of this, like charles schwab saying no naked call options, left saying no more shorting. what do you think we are going to see from regulators when this is all done? >> thank you for having me. it is fascinating. it seems like every minute we hear more reactions, more news, more market development. i think we are going to see a couple of things. one interesting issue is volatility going to trigger some regulation in the market. we have to be concerned about that. we have been in a frothy market bubble. there are a lot of participants that are looking for some potential disaster, particularly with the economic uncertainty. is this going to set th

resulting firm will be called still lattice and will be home to 15 different brands including peugeot citroen jeep opel and dodge in today's increasingly difficult car market the company will have its work cut out for it. the 2 car companies couldn't have made it on their own neither fee at chrysler nor p.s.a. could keep up with the competition when it came to electric cars now they want to reach for the stars together as the still lantis group so these she measures we're responding to the major challenges of the automotive industry we need a certain size in order to become more efficient in research development and investment but also to put ourselves in a better position worldwide. it was a bumpy road but now p.s.a. and chrysler will together form the world's 4th largest car manufacturer after folks toyota and the new nissan mitsubishi alliance. fiat's opel. and chrysler are just 3 of the new auto giants 14 brands and that could be a problem before the pandemic the 2 sides have promised that no brand would be eliminated. b.m.w. will miss the promise not to give up any brand will be hard to

citroen capital is just fine. the majority of the short in the 90's at a loss, i had a small manageable position and i let it go. alix: that was brilliant. andrew left of citroen research, one of the short-sellers on gamestop. bloomberg authors call the phenomenon a rage against the financial machine, this latest bit of expect delays in -- this latest bit of speculation has unemotional driver, anger. joining us on the phone with more is chris murphy of susquehanna financial group, go head of derivatives strategy. we know what has happened, but what is the why? what are you noticing in the market that's different? chris: obviously we talked about the shorts and the coordination of retail being the catalyst. we are focusing on the options in the options might have exacerbated the roots that we are seeing as people chase momentum, but we don't think it's been the catalyst, that might surprise some people. if you look at the gme call, with the open call position, that has not increased much since the beginning of the

among them high profile names like melvin capital citroen capital and point 72 asset management wall street cried foul and warned the new investors about the danger of losing delmonte in the long run it turns out they already knew. that's what it is is their regular joes versus wall street and. when i put money into it i said even if this goes in 0 and i lose everything i like being a part of it and that sentiment is shared amongst a lot a lot of people. so it's not only about money it's a david versus goliath fight the craziness continues as we close the trading week so here to help us take stock is the end score to our financial correspondent yes this has obviously been a huge story what's it actually done to the market you know well i mean we've definitely learned a couple of lessons for instance how vulnerable those some hedge funds are was their bets on falling stock prices or 5 soon that correctly since the beginning of the year those hedge funds have lost about $20000000000.00 and to cover some of those losses maybe they have been forced to sell other stocks and that might be

largest car company emerge firm will go by the names to lantus and be home to brands like peugeot citroen jeep opel and dodge. opec and its partners were meeting monday to determine production levels for february some members like nigeria are expected to push for an uptick in output following last year's pandemic forced cuts others warn that more output would undercut prices with global demand for oil still weak. egypt ethiopia and sudan have resumed talks over the grand ethiopian renaissance dam following sudan's boycott of the previous round sudan and egypt are worried about water shortages from ethiopia's decades long project on the source of the nile which aims to boost power generation. where something unusual happened in november in the cocoa industry american chocolate producer hershey's. purchase rather cocoa beans from futures markets and not directly from physical sellers in ghana and ivory coast as is typical of the purchase allowed her she to avoid a special premium for cocoa harvesters set up in both countries and that's leaving a bitter taste behind for some. helco farming i

quickly buying back shares to cut their losses among them high profile names like melvin capital citroen capital and point 72 asset management. wall street tried fall and warned the new investors about the danger of losing in the long run it turns out they already knew. that's what it is is their regular joes versus wall street and that's when i put money into it i said even if this goes to 0 and i lose everything i like being a part of it and that cemented shared amongst a lot a lot of people. so it's not only about money it's a david versus goliath fight. they're up to date on d w news i'm marrying every steen family and the entire team thanks for watching. in the light of climate change. what's in store. for the future. for the major cities. inside clear picture. to go beyond. as we take on the world. we're all about the stories that matter to. whatever these men. may be on fire make for. the days were flying cars were a distant dream long gone today companies worldwide designing them so when will we be ready for takeoff oh a topic today on shift. boeing well start ups like germany de

quickly buying back shares to cut their losses among them high profile names like melvin capital citroen capital and point $72.00 asset management wall street cried foul and warned the new investors about the danger of losing in the long run it turns out they already knew. that's what it is is their regular joes versus wall street and when i put money into it i said even if this goes to 0 and i lose everything i like being a part of it. thank you. that sentiment is shared amongst a lot a lot of people. so it's not only about money it's a david versus goliath fight. to sports news out and german football and took our toasted minds in the bonus league friday night much the home team wore rainbow striped jerseys in support of diversity on and off the pitch it took stuttgart 55 minutes to get on the scoreboard. collide sick took the century past to head is in stuttgart went on to win it tonight. up in tennessee australian open has gotten a boost up to $30000.00 fans will be allowed to attend per day making it one of the largest gatherings at a sporting event since the start of the covert 900

quickly buying back shares to cut their losses among them high profile names like melvin capital citroen capital and point $72.00 asset management the total damage to the hitch funds over $5000000000.00 wall street cried foul and warned the new invest. about the danger of losing in the long run it turns out they already knew. that's what it is the regular joes versus wall street and. when i put money into it i said even if this goes to 0 and i lose everything i like being a part of it and that sentiment is shared amongst a lot a lot of people. so it's not only about money it's a david versus goliath fight that goliath might win after all under pressure trading platform robinhood which most game stop bias used has now limit to trading with the embattled shares sparking protests in the community and even on capitol hill. they were only given the option to sell and not given the option to purchase which would necessarily and or rather you know quite expectantly drive down the stock price you know i think it's i think they're just calling a lot of attention and and as i mentioned earlier the

fiatchrysler is in the process of merging with psa of france, the firm that owns citroen and peugeot. vote on the marriage, a tie up that will create the world's fourth biggest automotive company. shareholders are widely expected to back the deal. mgm resorts — the us casino company — has made a bid to buy the owner of british bookmaker ladbrokes with the financial support of us billionaire mogul barry diller‘s iac group, that's according to newpaper reports. entain has more than three thousand betting shops under the ladbrokes and coral brands and has a market value of about $9 billion. martay reemac has been called ‘europe's answer to elon musk‘. but why would anyone want to build an electric supercar in croatia, a country with little car industry to speak of? his firm is not only successful, it's branched out from high performance vehicles into making parts for porsche and hyundai. theo leggett caught up with him and began by asking why he's working in what — on the face of it — are two rather different businesses. we kind of stumbled into it. i started a company ten years ago ina

shift because africa starts providing value added i me to take issue with your point about relevance citroen coming in at the moment the point is the reynold's the citron the folks bargains they're coming in toyotas they're all coming in anyway if you stand on the key side in any west african port you can see the car carrying ships importing all these vehicles it's not that nobody has cars and wouldn't it be better if some of those cars are at least assembled in the west african region and therefore employing people and with appropriate skills training and it building up the value added i mean why should or could you were all gonna always only produce cocoa why can't they produce chocolate and you can apply that in sectors all over the continent so the real test will be if we start to see the value added rising so that africa's share of g.d.p. starts to relate a bit more to its population that means that people's living standards their jobs the range of skills that they can take up and use is gradually on the rise i think that's the indicator to watch ok gentlemen we'll have to leave it ther

quickly buying back shares to cut their losses among them high profile names like melvin capital citroen capital and point 72 asset management the total damage to the hedge funds over $5000000000.00 wall street cried foul and warned the new investor. about the danger of losing damn money in the long run it turns out they already knew. that's what it is the regular joes versus wall street and when i put money into it i said even if this goes to 0 and i lose everything i like being a part of it that sentiment is shared amongst a lot a lot of people. so it's not only about money it's a david versus goliath fight that might win after all under pressure trading platform robinhood which most game stop bias used has now limit to trading with the embattled shares sparking protests in the community and even on capitol hill. they were only given the option to sell and not given the option to purchase which would necessarily be an or rather you know quite expect that we drive down the stock price you know i think these are things that are just called a lot of attention and and as i mentioned earlie

is as wide as between a citroen and a ferrari would be from $2.00 to $3.00 to $4.00 g. improvements were made every time will you during prudence if you like i don't whereas the 5 g. is a complete break because it involved brand new technologies he needs and the americans developed 3 then 40 and sat on their laurels and they clearly did not suspect that the chinese had understood i mean if you you know they had lost the battles for 23 and 4 g. and then said ok now we'll invest in 5 g. and gain the advantage but i sang the impala levels yeah ok i can get it too. so what it is is an industrial robot supported by a very stable high speed high quality 5 g. wireless connection so ordinarily these robots would have cable transmitting power to them and controlling them. but these are wireless. what we provide because it is the network that allows very high capacity transmission data for stable transmission data which means there's no delay a network that will support many thousands in the millions of connections. with the shontayne if when you click on your smartphone today yo

quickly buying back shares to cut their losses among them high profile names like melvin capital citroen capital and point 72 asset management wall street cried foul and warned the new investors about the danger. or losing in the long run it turns out they already knew. that's what it is it's the regular joes versus wall street and when i put money into it i said even if this goes to 0 and i lose everything i like being a part of it and that sentiment is shared amongst a lot a lot of people. so it's not only about money it's a david versus goliath fight. 2 german football now and stuttgart hosted minds in the bundesliga friday night match the home team war rainbow striped jerseys in support of diversity on and off the pitch and they took stuttgart 55 minutes to get on the scoreboard sasha collides it took the century past to head it in stuttgart went on to win it 2 no. in tennessee australian open has gotten a boost up to $30000.00 fans will be allowed to attend per day making it one of the largest gatherings at a sporting event since the start of the covert 19 pandemic ahead of the aust

you said in this hermetically sealed studio, you said about the trade moving forward, it's melvin citroen covers. are you telling me that shorts are reinstituting? romaine: when you look at the options market alone, there is more put value then there was a couple of weeks ago and a lot more people now looking at a $200 stock saying that this was not fairly valued and short interest is still high and we have got to feel something like the flow interim of short interest that is down to 100% and if you think about, talk about a stock that is heavily shorted, 10 percent, 15%, 20% on the slowdown. 100% as of yesterday. tom: john, this is important, folks, we love having romain on. this is critical. take microsoft, take the shares, take those shares and short the company. jonathan: i like having romain : because he insults you so much. i think it's wonderful. [laughter] jonathan: one thing i have hated for a long, long time, short-sellers that come on program networks like this to say i've got a grand short, put out a report and smack the stock about. have we reset the approach they have been m

bob, i must ask you not about the specifics of melvin, citroen, or the others, but bob, you and i knowt when we are short and there is a trade going against you with derivative instruments involved, cash must be involved to cover the pain. are we had a point this morning where a lot of cash is going to be moved to cover up this hedge fund screwup? >> well, the reason that this is all happening is because there is a lot of cash moving out there. it's been the printing of money by the central bank and the distribution by the government that is financing a lot of the activity. you know, when you look at, when you look at, i can't comment on this, the game is going to be played except markets are exciting these days. our clients want diversification, boring, and up. that's somebody else's world. tom: bob, i take your point, but you have been in the game too long and i take your idea that there is new viscosity in the system, but the last time that this happened and 98, you and i know it rebounded over into major banks and major systems. are we at risk here with this foolishness that this w

largest car company emerge firm will go by the names to lantus and be home to brands like peugeot citroen in jeep opel and dodge. opec and its partners were meeting monday to determine production levels for february some members like nigeria are expected to push for an uptick in output following last year's pandemic forced cuts others warn that more output would undercut prices with global demand for oil still weak. egypt ethiopia and sudan have resumed talks over the grand ethiopian renaissance dam following sudan's boycott of the previous round sudan and egypt are worried about water shortages from ethiopia's decades long project on the source of the nile which aims to boost power generation. was something unusual happened in november in the cocoa industry american chocolate producer hershey's cocoa purchased rather cocoa beans from futures markets and not directly from physical sellers in ghana and ivory coast as is typical of the purchase allowed her she to avoid a special premium for cocoa harvesters set up in both countries and that's leaving a bitter taste behind for some. cocoa fa

resulting firm will be called still lantus and will be home to 15 different brands including peugeot citroen jeep opel and dodge in today's increasingly difficult car market the company will have its work cut out for it. the 2 car companies couldn't have made it on their own neither fee at chrysler nor p.s.a. could keep up with the competition when it came to electric cars now they want to reach for the stars together as the still land to scroope so if you measure we're responding to the major challenges of the automotive industry we need a certain size in order to become more efficient in research development and investment but also to put ourselves in a better position worldwide which will go off. it was a bumpy road but now p.s.a. and chrysler will together form the world's 4th largest car manufacturer after folks toyota and the new nissan mitsubishi alliance. fiat's opel and chrysler are just 3 of the new auto giants 14 brands and that could be a problem before the pandemic the 2 sides have promised that no brand would be eliminated. will miss the promise not to give up any brand will be

quickly buying back shares to cut their losses among them high profile names like melvin capital citroen capital and point $72.00 asset management the total damage to the hedge funds over $5000000000.00 wall street cried foul and warned the new investors about the danger of losing in the long run it turns out they already knew. that's what it is is their regular joes versus wall street and when i put money into it i said even if this goes to 0 and i lose. everything i like being a part of it and that sentiment is shared amongst a lot a lot of people. so it's not only about money it's a david versus goliath fight that might win after all under pressure trading platform robinhood which most game stop bias used has now limit to trading with the embattled shares sparking protests in the community and even on capitol hill. they were only given the option to sell and not given the option to purchase which would necessarily and or rather you know quite expectantly drive down the stock price you know i think these are things that are just calling a lot of attention and and as i mentioned earlier

stern says his portfolio in cade's pleasure opel and citroen own which are very popular in europe and hit chrysler has added venerable u.s. brands don't can keep into the mix. the new transatlantic automaker owns 14 brands still mantis is now the world's 4th biggest carmaker after volkswagen toyota and the red no nisson mitsubishi alliance. c carlos to virus hopes the merger will leverage synergies that will save billions of euros including reducing the many platforms its vehicles around to just a handful by joining forces stand and his hopes to make an easier shift into electro mobility. analysts forecasts that the merger could see the closure of underused factories canister virus is notorious for tough cost cutting measures the official line however is that all plants will remain open. so how did the markets receive on its 1st day well our financial correspondent chelsea do any of this work. so once the stock market debut was a bit of a blockbuster shares started up trading about 3 percent at one point they were up about 5 percent and trading in paris so and masters are looking at t

quickly buying back shares to cut their losses among them high profile names like melvin capital citroen capital and point $72.00 asset management wall street cried foul and warned the new investors about the danger of losing demo knee in the long run it turns out they already knew . that's what it is is their regular joes versus wall street and when i put money into it i said even if this goes to 0 and i lose everything i like being a part of it that sentiment is shared amongst a lot a lot of people. so it's not only about money it's a david versus goliath fight. the craziness continues as we close the trading week so here to help us take stock is again score to our financial correspondent yes this has obviously been a huge story what's it actually done to the market. you know well and we have definitely learned a couple of lessons for instance how vulnerable those some headphones are was their bets on falling stock prices to 5 seeing that correctly since the beginning of the year those hedge funds have lost evolved to $20000000000.00 and to cover some of those losses maybe they have be

chrysler is formally merging its business with the french auto group psa, which makes peugeot and citroenbout that and what to expect. this is bloomberg. ♪ matt: fiat chrysler is going to formally merge with french auto group psa later this month after shareholders approve the plan yesterday. the company will be called stallentis, which is weird but it will become the fourth biggest carmaker in the world. joining us now is bloomberg european auto team leader, craig trudell. i think this is such a cool story because there are so many brands now that are so spread out. you cannot by a peugeot or reinoehl in america. you cannot get a ram truck in europe. they are all over the place. they have the superstar ceo. what do we expect from carlos tavarez? craig: he has done some really interesting things that psa and giving people like you reason to be excited about what's going to happen with this combined company. because you look at what he's done at psa, it was a company that was really struggling when he took over as ceo. he actually left renault and was reporting to carlos ghosn actually bef

for a second period two of the big hedge fund players that are very in the short committing i know citroenart. but having said that we do know melvin lost billions on these failed short trades can steve cohen big hedge funds came to the tune onto an half-billion and might even more. here's my worry in question for you if a big hedge fund were to go belly up as this process drives forward it's one thing for a hedge fund but they tend to have a lot of customers, big customers, a lot of banks, investment banks, is not a legitimate fear that one goes down others potentially go down with them, the spillover effect the people worry about. >> clearly and a legitimate fear, long-term capital management, that was simply the same thing, the big hedge fund had lots of money and other hedge funds and other wall street banks, this is back in the day when wall street banks traded in a proprietary way they copied those trades it was tremendous systemic risk losses across financial system that would've locked it down and firms came in and it was an engineer trader bailout not with taxpayer money but the f

there was an active short-sellers from a citroen group that made a video saying the stock will probably $20 and doesn't have a bright future and that's what those people picked up on realizing all the institutional investors were hedging on game stock so they bought a bunch of stock and it created the gamma surge or the gamma squeeze you saw friday. stuart: go-ahead. i went to know what you find interesting. >> what i thought was interesting is that the kind of short squeeze that's been going on with the game stop is almost like a metaphor for the company because i think as susan mentioned it's a brick-and-mortar store that exists in a increasingly digital ecosystem and it's hard to find its place in the gaming industry going forward. stuart: look,-- you explain it well and i understand what's going on. i understand it's internally driven. i got that, but wouldn't you say that this really makes a lot of people very nervous when we see game stop and other stocks doing exactly the same thing, straight up, straight down, all over the place? packets a lot of people service. >> yeah, i mean,