i want to talk about gamestop. but let's start with imc. ansi seemingly taking advantage of the moment with about $250 million of new equity capital being raised in and at the money offering. walk us through this. it is not brand-new. bailey: exactly. step back. this company has a struggle with finances. it has a $4.5 billion debt load. it has near-term debt it needs to service. it goes back to the whole preferred shares. it is finding ways to raise more cash. a market offering is one way to do that. they unveiled in march 250 million dollars. basically, you create shares, your bankers create shares and sell them to the market. they sold through the beginning of may. with yesterday's trading and trading over the last few days they were able to finish off and top up the remaining 120 $5 million. $250 million does not get you anywhere near the 4.5 billion other figure. that is why the stock is still down 97% from the all-time high. katie: good perspective. even though this was announced in march, it feels like they got lucky. bailey: other co

gamestop up more than 140% since yesterday morning. sharply higher. >>> we have that real world with key inflation data. we get you ready for the ppi. >>> and home depot is set to report. we will have the instant market reaction. we will see if the post-pandemic malaise continues as "squawk box" starts right now. >>> good morning. welcome to "squawk box" here on cnbc. we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. on this tuesday morning, it is tuesday, right? >> tuesday. >> on this tuesday morning, you will see green arrows with the dow indicated up close -- whoa, up from 50 to up 11 to up 20. we have movement. there is a report on earnings coming out. maybe this is hitting. s&p up 3 points. nasdaq up 14. the dow breaking an eight-day winning streak. it was down 81 points yesterday. nasdaq was up .30%. we will check out treasury yields in a little bit. two-year yield at

i have nothing on gamestop. i'm sitting here saying i just don't have value added gamestop. >> you don't have to talk about it. >> if you don't talk about it, that's the elephant in the room. >> lots of other things to talk about. >> if they did a deal with apple and netflix -- >> it's true. bundle. i'm going to bundle gamestop with amc and starbucks. what do you think? you'll get coffee when you go to the movies and you can game. >> how about tim horton's? >> popeye's is crushing kfc. >> i didn't know that. >> crushing. is there value added? yes. >> ppi under our belt. we'll look for cpi tomorrow. walmart on thursday. as for bonds, hanging in there, again, with those negative revisions, ten-year lower up now to 4.46. stay with us. and when i got there, they have the sushi- this is clem. like sushi classy- clem's not a morning person. i'm tasting it- or a night person. or a... people person. but he is an “i can solve this in 4 different ways” person. and that person... is impossible to replace. you need clem. cl

we'll get to take two and gamestop, as gamestop is back to levels before roaring kitty returned to social media. oeg,l get to cannabis, bin hood. when we come back. car, this isn't the way home. that's right james, it isn't. car, where are we going? we're here. (♪♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com i can't believe you corporate types are still at it. just stop calling each other rock stars. and using workday to put finance and h.r. on one platform. tim, you are a rock star. using responsible ai doesn't make you a rock star. it kinda does. you are not rock stars. (clears throat) okay. most of you are not rock stars. oooh. data driven insights, and large language models. oh, that's so rock roll. it is, right. he gets it. yeah. you ready? -showtime. this is gonna be epic. it is, right. [ barking ] it's what the poster said. do you want to make out

sorry to say but we have to start with gamestop.alking to bailey, i thought things like this are not supposed to happen with fed funds above 5% a minute when you look at gamestop, amc, etc. up double digits as well. what do you make of it? katrina: we have over 300 investment professionals that just participated in our survey. one of the interesting things, for the first time in a long time, our views on the entirety of the market particularly from the regional perspective have converged. stock stories like gamestop are exciting to people, they drive that single stock mentality. in a world where things are much more coalescing around a good theme, people are looking for the stories. gamestop is a representation of that. katie: this is not a broad brush strokes market. you can take a look at company stories and the stocks will actually respond to those specific stories. katrina: i am an active managers so i love hearing things like that. the fact that the market will pay attention to earnings. if we look at what happened this past ea

gamestop up 20% but it was up as much as 130% in earlier trading pre-market.e names are getting a nice boost as a result. gamestop up 52%. amc 30%. blackberry jumping 10 mrs. we'll talk about what this is all telling us. michael mouse joins us, trade ideas, traded gamestop during the first meme craze but welcome, michael. you have a different strategy this time around. what is it? >>> yeah, thanks for having me. i think the strategy will be a little different this go around. i think there is some different head winds we're going to have for these particular meme names. basically, the crux of it is that the original short squeeze, especially with gamestop happened with this anomaly there was more shares borrowed than initially existed in the market. so you're short about 125% of the entire float. this time you're only short 20% of the float. and i think that's one of the reasons we're seeing this fade from all-time highs. however, as you noted yourself on the intro, a lot of other short names are starting to move as well. i don't know if this is short companies

a single social media post and gamestop and amc shares soaring like 2021 all over again. >>> and the fur flies in a fight for top dog. the very good pup that took home best in show at westminster. it's wednesday, may 15th. "early today" starts right now. >>> good morning, i'm frances rivera. we start with that dramatic showdown in a manhattan courtroom. donald trump's defense team getting the chance to question michael cohen. the friend turned foe of the f former president. in trump' here's alice barr. >> reporter: the prosecution's star witness, michael cohen, put to the test. under blistering cross examination, sticking to his guns. cohen's testimony ties together past witness accounts and documents, outlining payments right before the 2016 election. to keep ex-porn star, stormy daniels quiet about an alleged one-nightstand, all of which mr. trump denies. during the questioning he said he paid daniels $130,000 to ensure the story would not come out, would not affect mr. trump's chances of becoming president of the united states. asked at whose direction he paid daniels, he replied

that was for koss and gamestop. a different story for the other two mean stocks i showed you early with regard to amc and blackberry. blac blackberry, the move has been higher, but not as much as gamestop. the last two days since they started tweeting again. and check out amc, which has been a real, real laggard over the course of the past year, and we didn't see the real moves higher until yesterday's session into today. so it's kind of like a tale of two different mean stocks if you will here. you have the one side in koss and gamestop and then the other side with amc and blackberry. but the volumes have been through the roof and volatility has caused halts during the course of this span. we'll see if that continue. >> koss the speaker company? >> yes, the ear phone, headphones speaker company. >> dom chu, thank you very much. let's get to the chatter on re reddit. boris, to be clear, reddit isn't one of the mean stocks. tell us what you're seeing, what started all of us, where is the biggest buzz? is this another

it halted once again right now one gamestop -- one of gamestop's backers returning to social media, keithtty highly recommended movie. >> 110%. >> this is a deja vu of the meme craze up 110%. we're going to talk more aibtz about this in a bit. intel in advanced talks with apollo global for more than $11 billion in cash to build a new plant in ireland i mentioned it's going to be a bigger week of economic data, bigger than last week and the high light is wednesday's cpi report interestingly this doesn't always happen, we get ppi, wholesale inflation before cpi usually it comes afterwards but this time happening before, which means it might be market moving because we're trying to get a sense of whether cpi comes in inv inline or lower than forecast. the expectations around 3, last few months at 0.4. core month over month inflation and that's what we're hoping the fed is hoping, investors are hoping, we gate 0.3 or even better a 0.2%increase in month over month inflation so the fed can move with rate cuts and investors don't have to be so concerned about inflation flaring back up, which we

let's go straight to the meme stocks. >> gamestop down. it was up more than 270% at one point on tuesday afternoon. this is coming after preliminary results falling short of the analysts assessments and the big news was the announcement that they are going to go to market potentially with an aftermarket offering and could sell an additional 45 million shares. not only would that dilute meme stock but also provide fuel for short-sellers to take on new positions or wait for liquidity to hit the market. we have already seen 40.5 million shares traded, so very liquid and volatile. scarlet: was that a coincidence raising money by selling shares? >> amc did it and for an equity stop -- swap. gamestop has no equity and we are seeing capitalizing on again while it is giving back a good chunk of the gains this week and it was trading at $11 back in april. so 22 is a nice place to sell. scarlet: amc moving in the different direction. >> it is still giving back, up 5%. the big thing is a meme stock and undermine -- underlying issues we talked to stra

shares of of gamestop jumping 74% today.been up 118% at its highs but were halted for volatility multiple times the move coming after the apparent return of roaring kitty, the pseudonym for the man be behind the meme stock conve conversation our next guest spotted some unusual activity in kitty's post did they know something the rest of us did not? joining us now is david bull david, great to have you with us you wrote about the increased activity long before, and if you look at gamestop's chart, its stock rally started three weeks ago, and that's when you started seeing the unusual activity. >> that's correct. it's difficult to call anything unusual in gamestop options, however, going back about two to three weeks, there was a large amount of very far out of the money call options bought. this started in april 26, into the first week of may, and the strike was -- centered around the 30-strike, about 70,000 of the may 30 callstraded over th last two to three weeks, and it seemed to really set the groundwork for this move, wh

well, i mean, except gamestop, we'll get to gamestop in a minute.ll kinds of record highs after yesterday's cpi report showed inflation easing, s&p 500 crossed 5300 for the first time. the dow, the nasdaq at all time highs. uber says it's going to offer all kinds of new services, from a way to get a ride for a whole bunch of friends or family to the airport or a concert to new services for the elderly that can be coordinated by their caregiver givers. they're going to talk about it ahead. on the today show, i was on the phone with my mom, and we were talking about some of the things that she needed help with caring for my grandparents. she needed to get them places, and she needed to get stuff delivered to them, like meals. and so we realized this product could have a powerful impact for folks like my mom. okay, as for gamestop, that meme stock fell hard wednesday, down 18% after a two day rally fizzled. as you probably know, gamestop is a company in trouble. it sells video game discs at a time when people just download video games, but the stock ra

gamestop, to be fair, doesn't really have debt.seems like gamestop is trying to move to capitalize on the rally. not up the 270% it was at the start of the week, tuesday. caroline: fundamental news, unlike what has driven this rally. they preannounced their earnings. ed: missed what wall street had penciled in. it's not like we can say there are dozen analysts sharpening their pencils. it is slowing. they are focused on getting back to profitability. the net loss was more narrow than this time last year but there are fundamental pressures. they need a new game cycle, a new console cycle. people now download games. they don't go to stores. that has been the case well before 2021. ed: happy friday. i was talking to someone interesting last night. let's call them a market participant. i asked about roaring kitty. has a yet worked out what it was trying to communicate through social media? this person, let's call them a participant was like, do we even know it is roaring kitty? bailey: we don't. that is scary. we haven't seen the perso

amc up more than 30%, gamestop up 60%, all because of one cryptic post on social media.ans explains. >> reporter: this picture on social media posted by a guy called roaring kitty after nearly three years of silence did this on wall street. >> gamestop, which is soaring another 57% this morning, over 7 million shares of volume. >> reporter: this afternoon, amc and blackberry joining stop in an gamestop in an eye-watering surge. there is no fundamental reason for these stocks to suddenly move 60%, 70%. it's a speculative run. >> absolutely. there is no fundamental reason even for some of them to have been worth what they were worth last week. >> reporter: an echo of 2021, when unloved stocks like gamestop soared as much as 1,000%, propelled by an almost cult-like social media following of this guy. >> the first stock i'm going to talk about is gamestop. >> reporter: that's keith gill, aka roaring kitty, featured in the movie "dumb money," who told the story of those amateur investors sticking to it the wall street pros. >> how much did we make today? >> $5 million. >> how

that's gamestop.n over 22 million shares of is volume this morning. much of it tied to that cryptic series of tweets from keith guild known as roaring kitty. it seemed to show renewed interest in gamestop overall as a meme stock. but check out the over meme stocks. check these things out. amc is up about 104%. blackberry is up 25%. and ckoss is up 32. and we just got news that amc raised capital, used its recent price stock spike to sell $250 million in stock equity at an average of $3.45 before commissions and fees. we'll keep an eye on whether or not that kind of affects the way things are going here. but equity raise is always an issue here. i'll send things back over to you. >> dom, thank you. >>> and we have relocated this morning. we're right here now at sava capital management's office in midtown manhattan. joining me in a rare and exclusive interview is boaz winestein, made famous for the london whale, but now bringing a new activist campaign to blackrock, a fascinating new development in term

. >>> steve sedgwick will tell us what sent gamestop shares surging through the roof like 2021 all over again. >>> and a 106-year-old skydiver is in the record books. "early today" starts right now. good morning, i'm frances rivera. we begin with the severe weather wreaking havoc across the south overnight. at least one person was killed in louisiana's st. martin parish where officials suspect a tornado tore through. a twister was also reported in the lake charles area, leaving a trail of destruction. trees were ripped from their roots, and power lines were toppled. tens of thousands remain without power this morning. several parts of the state are also under water after heavy rain. let's get to angie lassman, who's tracking the threat. >> we have a newly-issued tornado watch across that same region. the gulf coast is where we're waking up to thunderstorms, tallahassee and montgomery seeing rain at this hour. the tornado watch lasts until 9:00 a.m. it just barely includes parts of extreme southern georgia as well as florida. we'll see some general thunderstorms across the southeast, but

soaring including afc and gamestop, what is behind the rally? and gamestop, what is behind the rally?— behind the rally? the roaring kitty cu or behind the rally? the roaring kitty guy or whatever — behind the rally? the roaring kitty guy or whatever his _ behind the rally? the roaring kitty guy or whatever his name - behind the rally? the roaring kitty guy or whatever his name is, - behind the rally? the roaring kitty| guy or whatever his name is, there is public record sonic who short—circuit stocks. is public record sonic who short-circuit stocks. some of the bi hedue short-circuit stocks. some of the big hedge funds, _ short-circuit stocks. some of the big hedge funds, this _ short-circuit stocks. some of the big hedge funds, this band - short-circuit stocks. some of the big hedge funds, this band of- short-circuit stocks. some of the i big hedge funds, this band of robin hood —type investors essentially forcing stocks up and forcing the hedge funds to cover it so i do not think the hedge funds learned much the last time and so if we see a r

i know that you'll focus on gamestop.his is the read across from some of that renzi, related names. what have you got on the micro? ed: gamestop. meme stock manny is back. this is a two day chart to illustrate the point. 100% up. this is just from one social media post from roaring kitty, a.k.a., keith gill, the source of all of all 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

and that stock is gamestop, who love this guy? >> well, apparently a lot of people do. so much so that roaring kitty is back in a very big way. and by that, i mean, he's managed to 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 me

is gamestop not angry about this? if somebody started a matt miller going used my logo i would be pretty angry about it. >> we have not asked gamestop to find out but in crypto anyone can make one of these coins in a matter of minutes. finding out who is responsible is difficult. crypto is a pretty anonymous environment. finding out who made the coins is difficult. the coin is still out there. you can still buy it. the main exchanges, you may find out who is behind the project. you won't see it on coin base are the big ones. it will be in the tidy world of decentralized finance. >> -- sonali: what trust is there when you don't know who is behind it? when it came to buying the initial gamestop stock it was behind the return of rotering kitty -- roaring kitty. why did we see the crypto version get as much love? does that continue at this point? >> crypto investors love to speculate. the entire point of crypto is speculation. the fact that something does not have intrinsic value is nothing. that's how you interact with t

seems like on the net sales across the flat arm, for gamestop to outpace those to buy, gamestop seemsss than amc related to the cell orders but it's making up the trends we've been seeing and gamestop has ace -- is on track to getting back to those all-time highs. ed: do we have any more clarity on the social media posts from roaring kitty? >> no, i have no idea what the logic is. i have dm tim, please dm me back, roaring kitty. no one knows anything, there's so much uncertainty around what he's doing caroline: i mean, he's going bonkers, lifting a post from back in february, now it is just video after video. check it out. that does it for this edition of "bloomberg technology." busy one. ed: check out our podcast, you can find it on apple, spotify, ir. we love the pod. from san francisco and new york, this is "bloomberg technology." ♪ the all new godaddy airo helps you get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website. just start with a domain, a few clicks, and you're in business. make now the future at godaddy.

finally, just on gamestop, people keep asking me about gamestop.tered the trading halt hall of fame. i keep an informal record on this, so here it is, folks. n 9 on monday, 16 on tuesday -- it took a long time to get that figured out -- and 6, this is officially in the trading hall of fame. people are asking me, who's doing the trading. most of the trades are going through citadel, virtu and merrill lynch. they have a lot of understanding with a lot of the companies. that doesn't necessarily you an awful lot. here's my take on this. there are no broad macro implications about what's going on here at all. none. other than this would not be happening in a bear market, trust me. none of this meme stock stuff would be happening in a bear market. you would need a bull market to have this kind of activity. this is what i -- i call this a side pocket of the market overall. you need the bull market, and there's no directional tell about gamestop or what it means for the overall stock market, other than the fact that we've got a very broad bull market and s

sam: it is a result of the original gamestop saga back in 2021.he idea behind the new rule is they will reduce the time between when you click the buy button on a trade and when you actually have to fulfill the trade, provide the cash or stock. by reducing the time between those two things, you reduce risk in the system and less chance of default of something going wrong. from the sec's point of view, it is about making the market safer and domestically that is ultimately going to be the outcome. katie: you have been editing a lot of the t plus one coverage for the past several months and we have heard from a lot of different institutions, banks, etc. at saying how they have been preparing for that. even with that preparation, where could we see the most hick ups? what market should we be keeping an eye on? sam: you always get with these changes some doomsday years coming out. one particular area is in the fx market. it will be good domestically but internationally, most currencies settle on the people's two basis, so now if you were abroad and yo

gamestop is now currently worth more than walgreens. gamestop sales are just 5% of walgreens.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 a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. >>> this is a dream, this is something i wrote on a piece of paper in second grade. good a basketball scholarship, this is something i wanted to do. >> you could guess the last thing before we go is katelyn clark's next chapter. weeks after leaving her college career behind, clark made her debut tonight with the fever, they lost on the road against the connecticut sons. scored 20 in 10 turnovers but the trend continues, where cl

gamestop tanking 22%.rterly earnings to be. the preannouncement, the revenue range fell below expectations and it plans to share stock at the money offering. watch that, down 20%. shares of take two down 2% as well. the company reported better than expected results but cut its forecast in the coming fiscal year, also adding it doesn't expect to release its grand theft auto 6 game until the fall of next year and a jump in robinhood shares, upgraded to buy. target goes to $24 from $14. keep an eye on these shares. for more on that, head over to cnbc.com/pro. more details and analysis for subscribers. >> let's say the under and over is, what do you think, 69, 70. you taking the under or over on scottie scheffler? >> if he comes out i think he comes out with a vengeance. >> okay. happy friday, everybody. enjoy the weekend. i might be watching that later today. make sure you join us. >> i'm going to watch it. >> join us. "squawk on the street" is next. >>> good friday morning. welcome to "squawk on the street."

meme madness goes beyond the gamestops of the world. the ceo of a bio tech company disrupting the health care space. i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight -- tim seymour, dan nathan, guy adami, and katie stockton. and we start off with a market that may have gotten a little too complacent in the face of rising uncertainty. the nasdaq closing at a record for the first time in over a month today. volatility across a variety of asset classes somewhat surprisingly low. the vix index trading near its lows of the year. bank of america's move index is down 8% this year. even crude oil vol at depressed levels. all that, despite uncertainty over the consumer and rates, a potential trade war with china, and a war in the mideast. but two big data points could cause ripples. cpi tomorrow,nvidia earnings next week. so, is this just the calm before the storm? guy? >> i would have said that month ago, i'll say yes again today. listen, this is what i think is going on, but people have been conditioned to l

the meme stock rally fizzles with gamestop shares taking a tumble. that story is next.his is bloomberg. ♪ tom: dr. bloomberg daybreak: europe. the meme stock rally faltered. the $11 billion gains, wiped out yesterday. stocks doubled after the return of social media posts by keith gill, better known as roaring kitty. let'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 ki

. >> the politician saying that he personally invested $24,000 in gamestop.ccompanied by the bizarre new campaign poster showing kennedy and an actual ape, each holding what appears to be a falcon. >> michael: wait, forget gamestop. why does this picture look like he's on a honeymoon with that falcon? are they in love, or is the falcon just trying to get a better angle on that worm in his brain? now you might think it's weird for rfk jr. to be going after this tiny little specific group, but don't forget, america is just a bunch of tiny little specific groups. first, he gets the reddit apes, then he gets the furries, then the trad-wives, cottage-core tiktok, disney adults, jetblue frequent fliers with mosaic elite status... the next thing you know, it's january and he's giving his state of the union from burning man. let's move on to republican candidate donald trump. recently, he took over the republican national committee, and today, someone sent him a house-warming gift. >> we begin with breaking news from the republican national committee headquarters in

yesterday shares of gamestop. we're up over 110%. the rise of meme stocks 3 years ago lead to gamestop peaking at nearly $500. a share. and it was a huge thing. you got to see the to explain the inner workings. it was very complicated, but they did a good job of explaining it. really gets video now. a 23 right now in coming up on the kron 4 morning news during a game last night. >> more importantly, jen, remember why researchers at uc irvine say that dreaming could irvine say that dreaming could be good for your brain. networo network for business. that's why more choose comcast business. and now, we're introducing ultimate speed for business —our fastest plans yet. we're up to 12 times faster than verizon, at&t, and t-mobile. and existing customers could even get up to triple the speeds... at no additional cost. it's ultimate speed for ultimate business. don't miss out on our fastest speed plans yet! switch to comcast business and get started for $49.99 a month. plus, ask how to get up to an $800 prepaid card. call today! >> a new s

the single post from the roaring kitty social media account reignites the craze with the gamestop losinglmost $1 billion in a single the session. >>> all right. where are we with the market picture today? we are pretty much flat waiting for the cpi data from the united states with the ppi, of course, anticipated this morning. that will be another key focus and normally getting the ppi data before the cpi data from the united states as well way indicates we will work out the pce data very soon. it is a lot of the economic data markets are focusing on although you have a host of earnings numbers still to really go through even out of europe as we have been speaking about rheinmetall. we have bayer with earnings and hanover re with numbers out this morning. we have a lot in europe and the tech stocks from the asia region which we are looking at with tencent and baidu and jd d.com. it is all about the inflation print which will move this week. around the flat line is where you see the three-month change up 8% for the stoxx 600 which is above 500. overall here, european markets being a mixed

morning movers on the mean stocks, gamestop and amc entertainment up in the premarket, gamestop up 50% both skyrocketing after keith gill that goes by 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 e

. >>> shares of gamestop are surging today after the video game retailer raised nearly $1 billion in stock sale on friday we are seeing shares up over 18% in the pre-market. gamestop had filed to sell up to 45 million shares following a rally earlier this month that was sparked by the return on social media of keith gill, aka, 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,

we'll end on a check of one of, if not the original meme stock that's gamestop.6% in the premarket. a million and a half shares of volume this is trader keith gill, some folks know him as roaring kitty on social media and internet messaging board circles. one of the original people most associated with that volatile trade for meme stocks back in the day. he posted on x for the first time in nearly three years just yesterday, and it showed what some are interpreting as an image that he was taking notice of gamestop's stock. you can kind of check that post out for yourself you can see the stock has been hammered over last year but has rallied sharply by about 75% in the course of the last couple of months here. watch what happens off those recent lows, gamestop, og, memes, i'll send things back over to you. >> we showed the image earlier, and it does, it looks like he's sitting up and taking knows. people are anticipating -- there's the image again. looks like he's paying closer attention to something whether it's gamestop shares or not, but it's kind of amazing th

. >>> let's look at gamestop. gamestop. is soaring about 19 -- make that 20% right now.. the video game retailer says it actually raised $933 million from the stock sale of 45 million common shares. the gamestop did not disclose at what price, but the sale comes just after shares surged nearly six times their a value in the first two weeks of this month on the meme trade frenzy. gamestop says it will use the proceeds for general corporate purposes which could include acquisitions or investments. >>> celsius stock needs a bit of energy as we hit the afternoon trading session, down 12% on some of the latest nielsen retail store trends. morgan stanley citing nielsen warned that sales of the drink growth appear to be slowing hitting a 39% clip for the week ending may 18th and market share dipped fractional ally to 10.5. while cautious in the near term, morgan still sees a robust u.s. runway for celsius. >>> airbnb shares also responding to analyst commentary, rising 1.6% of after web bush released a new research note saying the home booking site could be an opportunity for i

gamestop, is it over? bailey: we had 15, 16 yesterday so volatility is there but you need more buyers i've been tracking the story going back to 2021 the media is going viral and staying mainstream regular traders creating rocket accounts. we see more sellers and buyers on fidelity. the stock is 16% from all-time highs so plenty of people want to cash out the stock. katie: down 60% from the all-time high, 25% today. it is dizzying to keep up with. let's talk about amc. amc seizing the moment here swapping debt for equity. this meme mania turns into the news for the company. bailey: 23 million shares in exchange for 164 million for notes due in 2026. they have billions of dollars in debt due in 2026. thus the difference between this company and amc. they announce on monday that they raised 250 million in cash announcing they were looking to return 52 million a debt. it does make it more appetizing to clean up these balance sheets which is why there trading so poorly. katie: amc still has a lot of what to ta

gamestop and amc fell during yesterday's session. amc, as it has in the past, took advantage of the rally. announcing a debt for equity stock. it completed a stock sale on monday. there's the weekly chart. there is contraction and time -- you think that is a meme stock craze lasts four days? the last one lasted and went much higher. >> much higher levels. people said gamestop was much harder to short. >> right. it could be a weak phenomenon? four or five weeks? >> yeah. >> it went into the hundreds, didn't it? people really wanted it to happen. >> they wanted it to happen. it would be hard to keep any of these things going. >> do you think we're going to see a meme from here to back like this and i'm not watching anymore? >> i think we need a t-shirt of you doing that. >> i'm a performance artist. most people sit like this. sit up straight and never move or anything else. i'm a performance artist. >> i know you are. >>> we finally learned, this performance artist, warren buffett and berkshire hathaway requested to keep secret in the

traders once again piling into shares like gamestop and amc.rging more than 74%, up almost another 59% in the premarket trade. all that was needed for this rally was just one tweet from roaring kitty. the post on x had no words, it was literally just a picture of a man sitting up with a gaming controller. he hasn't been active online for years so it was seen by sun as a call to action, and a call to action they got. lisa: up next, commodities and focus. >> over the past couple weeks i've been increasingly looking at the commodity market and getting more and more nervous that patient is going to creep up to the commodity market. that was off my radar two or three weeks ago. lisa: certainly in some of the precious metals. that is coming up next, you are watching "bloomberg serveillance." so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money t

given we have many more market cycles, what you make of the likes of gamestop and amc?have been through this before. someone comes back after three and a half years, the stock is up 77% and it has nothing to do with the stock itself or the performance of the company. reminds me of trump, true social, the activity of that stock with no basic underlying fundamentals. the market gets hysterical. it's a psychological, based on the whims of a lot of people who want to play the market and go one way and another. we will see it, i guess i halfwit -- no way of knowing, i don't follow it, but i assume the reaction on the downside was the same as people stepping back on the crypto stock, what happened to the fundamentals. we see it settle down. i would say that this is something that where someone else needs to play in that game. katie: and to your point that the downside could be just as dramatic, we have seen that. dizzying boom and bust. let's see if this goes according to script very let's talk about traditional tech and artificial intelligence. i know that you have made the

gamestop stock price rose 74% yesterday and another 60% today. sparking the run in a twitter post showing a single image of the man, sitting up in his chair. 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,

goes all the way back to 1940 was official a quick look at the mean stocks, earlier the morning gamestop went up after a rural ring kitty on reddit the stock went straight up, 20 minutes ago another roaring kitty video was posted in the stock is still straight up, look a gamestop look at all the mean stocks there up on reddit, inexplicable to me. >> the hedge funds is stop shorting us were unstoppable and unbreakable. stuart: you think roaring kitty is sending a message. >> the videos and pictures, yes. >> "coast to coast" starts now. >> happening right now stocks kicking off the week looking for direction as wall street awaits a new b batch of inflation a cle when rate cuts could be coming, the top team of market gurus here to dig through it, trump on trial the prosecution star witness michael cohen is on the stand, cohen's testimony about the former boston current nemesis proved credible to move the needle with the jury were to take you live in the courthouse for the very latest in real estate reeling, mortgage rates over 7% scarce home listing and rephrasing prices the housing market

gamestop was down big time before this year. it was down 30%. turn it back to you. gary gensler is worried about payment for order floe which is essentially good for small investors because it allows them to buy stocks through robinhood at no fee. he is worried about climate disclose thursday about corporations. you think there is a scandal under every crypto. he is bringing all these crypto companies to court. ashley: right. >> yet the, so that's where he thinks the market is broken, not when you post a meme, when the roaring kitty post as people on twitter or wherever he posts at, weird meme a stock goes up like 90%. but that's fine according to gary gensler. ashley: but not crypto. >> but you know ripple is bad, something evil with those guys, ethereum, that might be bad. you know, got to know what everybody is doing to stop climate change, like that is really going to stop climate change, because companies in china and india are going, oh, god. ashley: exactly. they're not playing the game. >> they're not playing the game but this is okay. y

amc and gamestop losing gains and still seeing huge gains this week.'s get a look at what the retail investors are thinking about the meme trades and the dow run to 40k. retail trader ryan monoski has more than 6,000 subscribers. it's good to have you here. welcome. >> i appreciate being on here. thank you. >> it's interesting that we're seeing both the broad market and the meme stocks perking up this week. what do you think is going on here? >> well, i asked the community yesterday, why are we moving into some of these plays? for example, today i see faraday electric, and some want to go ahead and get the bears and attack the shorts and you're seeing that play up 3100% in, what? three days? you have gamestop, of course. warren kitty came back and posted after three years. three years he doesn't say a word. we get a little guy leaning up. i'm paying attention and we're getting a lot of video clips through there and of course, we know he has a huge -- just a huge community from back in 2021. so that's driving a lot of interest in these meme plays right

maxwell with ubs >>> coming up, don't look now, but gamestop shares are soaring and the move happensith an uptick in the short interest in the stock and there was and we'll take a look at that and the other names next. don't go anywhere. >> welcome back to "the exchange." the dow has given up its gain to turn lower s&p 5219, it's down three while the nasdaq is hanging on to a quarter percentin and increase here 4.475 ahead of cpi. check out shares of gamestop surging 60+ percent up 110% at session highs today after keith gill, aka, roaring kitty 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

. >> $8 billion in gamestop market value gone, poof, and one pot firm looking to raise cash, weed andes next on a friday. >>> we got just about 15 minutes before this "closing bell" on this friday. back to kristina now for the stocks that she is watching. tell us. >> well, how quickly shares can move. gamestop is down double digit, the third negative day in a row after the video game company reported that its first quarter sales, preliminary report that first quarter sales dropped, and it also said it may sell up to $45 million in class a share, that's roughly $8 billion in market cap value gone from tuesday's close. >>> tilray will sell up to $250 million stock. they're looking to reclassify marijuana lessening the tax on companies and makes it easier to research. the stock was up and see that on your chart, down 6% after that announcement. >> all right. good weekend to you, thank you for everything this week. kristina partsinevelos, still ahead, the one name stephanie link is adding -- adding to it up 40%. i gave you a hint earlier. first a quick message as cnbc celebrates asian ame

shares of videogame retailer gamestop and movie theatre chain amc havejumped by more than 70% in theith gill, also known as "roaring kitty", re—emerged on x for the first time in three years. he is credited with helping 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.

this after gamestop announced it raised $933 million in funding by sharing 34 million shares gamestop as much as gamestop i'll send things backs over to you guys. >> dom, it's been something to watch, the meme stocks think they're back for good sdm. >> i'm not sure if they're back for good by the way, well off at $23 per share. we're talking in the 60s for gamestop by the time the middle of the month came around it's interesting that share sale head luns are what drives the upside in these markets, the fact there's a dilutive effect, not really factoring into the meme stock craze fundamentals, still a question about whether they play into the meme stocks. you never know what these guys are thinking the messaging boards, reddit and everything else. >>> let's take a final check on the markets before we hand things over to "squawk on the street." the nasdaq closing at an all-time high on friday, it and the s&p 500 looking at five weeks of a winning streak. the dow was down last week by 2 1/3% we'll see you back here tomorrow right now it's time for "squawk on the street. ♪ >>> good tuesd