to speaker hertz, thank you for -- to senator elect hertz, thank you for leading this ceremony and forour years of service in the house. the senate is better for having you in it. i want to thank justice rice and pastor hughes. most importantly, though, i want to thank you at home in every corner of our state. out ine out and turned record numbers. i have been humbled by the out print of support received from montanans of all political stripes, who are united by the idea that we can work together to realize montana's full and outstanding potential. with you at the front of my mind, i will work towards creating better opportunities for all montanans. i take the oath of office today, prepared to assume the duties you have entrusted with me with humility and a deep sense of duty. i take the oath of office today, prepared to lead montana's comeback with the strong mandate you provided us, the largest margin for a first-term governor in over a hundred years. i take the oath of office today with family in this great room and with montanans throughout our great state. with the grave challenge

to senator-elect hertz, thank you for leading this ceremony and for your years of service in the house. as a speaker and other roles. the senate is better for having you in it. i want to thank justice rice and pastor hughes. thank you for being part of the ceremony. most importantly, i want to thank you at home in every corner of our state. that are at home in every corner of our state that you came out and turned out in record numbers during this recent election and i've been humbled by the outpouring of support that i received from montanans of all political stripes and montanans who are united by the idea that we can work together to work together to achieve our full and outstanding potential. with you at the front to my mind and with the servants heart i will work towards creating better opportunities for all montanans and i take the oath of office today prepared to assume the duties you have entrusted me with with humility and a deep sense of duty. i take the oath of office today prepared to lead montana's comeback with strong mandates you provided to us with the largest margin fo

lisa: wasn't that one of the craziest things that hertz was going through bankruptcy?om: none of this is in the textbooks i use. lisa: i was thinking about that, but that is what it feels like with amc -- we will pounce on this, and why shouldn't they? tom: i would emphasize, good morning to -- z bodie. none of this is in the textbook. jonathan: jim polson coming up. from your c-suite this morning, good morning. alongside -- from new york city this morning, good morning. alongside tom keene and lisa abramowicz to the beautiful morning. it is also absolutely freezing. lisa: you got that right. jonathan: this is bloomberg. ritika: with the first word news, i am ritika gupta. on capitol hill, to house and senate committees are promising to hold hearings on those gyrations in the stock market. lawmakers from both parties expressed outrage at robinhood and other platforms that limited trades in companies like gamestop. incoming senate banking chairman sherrod brown said people on wall street only care about the rules when they are the ones getting hurt. donald trump has agr

senator hertz, thank you for your years of service in the house and other roles.being here and being part of the ceremony and most importantly i wantto thank you : . in every corner of ourstate , you came out and turned out in record numbers during this recentelection . i've been told by the outpouring of support i received from montanans of allpolitical stripes . montanans are united by the idea that we can work together to realize montana's full and outstandingpotential . with you at the front of my mind, and with a servant's heart i will work towards creating better opportunities for all montana's. i take the oath of office today prepared to assume the duties you have entrusted me with with humility and a deep sense of duty. i take the oath of office today prepared to lead montana's compact with small strong mandate you provided to us, with the largest margin for a first-term governor in over 100 years. i take all the office today with family and operate capital with montanans throughout our great state. with the grave challenges the last year , montanans have

the trades are actually verified so if you tell someone i bought $1,000 worth of hertz or gamestop they say it shows that's a big fear for people saying you don't know who is behind these trades and some of the youtube videos have gains and people claimed they have earned millions of dollars on some of the trading apps you really don't know when it comes down to it. >> kate, thank you kate reasony >> i know there will be a cohort people out there who lived through the bubble days, et cetera, the manias in the past and saying this is no different from the yahoo chat rooms of those days why is it different now? this has been going on for time immemorial, but basically the difference is that today retail traders are active in the market like at no other time in the past so, guy, what do you make of this whole thing >> well, that's exactly it last year 10 million new accounts were creed and 6 million robinhood accounts a lot of that money and a lot of the stimulus checks seemingly found their way into the stock market i think once sports went away last year, i think a lot of people found th

liquidating which controlled the remnant it is of blockbuster video, and we saw it last summer with hertzr rental company, after it declared bankruptcy. there was another theme this past week where amc networks, the television company -- not the same as the theater chain -- it shot higher too. think of it, that's another meme. we've seen the same thing happen with zoom, you know, a couple times in the past year and a half, let's say. the meme is they're getting the ticker symbol wrong. i spoke with the creator of wall street bets this past week, and he basically said who are the fools? these guys are making a lot of money trading on the wrong ticker. i'll just say, jack, i think what's happened here that young traders who are, have a lot of -- feel kind of left out of the official, have figured out a way to monetize iden assets -- hidden assets, and that asset is their ability to spot memes developing faster than the rest of us. jack: we also have to acknowledge there were some big boys playing here too, we spoke to a trader who sold 10,000-share blocks. ben, this worries me a little bit

managed to secure convincingly devah his fiercest rival the conservative corporate lawyer friedrich hertz german political science lecturer martin for that ses list said to may have the party's backing but the polls are a different story. he was the only candidate was significant permanents experience and he was indorsed by nearly everybody in the c.d.u. leadership blush it among the 3 who ran today is clearly the most pragmatist on foreign policy in the sense that he also pretty much like uncle merkel sees german policy towards china through the lens of an export nation exporting high end industrial products lush it among the 3 was the one who is i think prole the completion of north stream 2 pipeline the other 2 were either undecided or against it so i think we won't see a complete reorientation but i think among the 3 what's the least sort of trance atlanta assist at the moment in the polls who the german public would like to see chancellor replacing uncle americal from the. camp of the c.d.u. and it's been very and sister party see as you keep a very in state premier marcus souter is

small supporters of outgoing president donald trump gathered outside some capitals but as joe biden hertz the white house from donald trump the new president faces more challenges than just a deeply divided nation biden has proposed a stimulus plan to help americans struggling in a pandemic basket economy. as john hendren reports the chaos at the capitol has got washington amounts of the united states on ads. the u.s. capitol is surrounded by sirens steel and soldiers in a military occupation never before seen in the american capital 25000 national guard troops secure the national mall that's twice the number here after the 1988 assassination of martin luther king jr and then there are the thousands of u.s. capitol police city police f.b.i. border patrol and others. the mob assault on the capitol on january 6th shown here in a video released sunday by the new yorker magazine has left a city and a nation grappling with the aftermath of an insurrection fearing another possible assault on democracy and traumatized. i think it's going to be better because i think. joe biden's january 20th ina

trading 5 times in a single day there was speculation on the downside speculation on the upside remember hertz was bankrupt and it was trading to new highs right so don't the regulators who are concerned about because i am and opening their pie hole and bleating nonsense and should maybe concern about their own backyard i mean there their markets are a joke it's a farce because they the regulators are in bed with the well you know they're the problem they're completely exhausted i mean you know look look at all. saying so $1000000.00 speaking fees only illustrate that she's supposed to have been regulating units it's so great that maxim made in that particular case it's shocking to me i mean how is sure shares of her shares available i mean i knowing syria i mean really you know only one of you i was under the understanding she had i was sure to borrow in order to sell it short met me has a larger short research and then shares outstanding it's all a mystery to me and it's a function of the bubbly crazy environment you know non-working environment we live with me this is just i was around 2000

we saw a similar jump in hertz stock last year after they declared bankruptcy. does it make an actual difference ideology the audi to these companies who stocks are being that around like this? guest: if it lasts long enough in the market capitalization is sustainable in the bank takes it seriously enough to allow the company to come in and do a secondary offering. then again, sell more stock or something like that, what are you going to put into the prospectus or the offering statement? well, we are so blessed we are suddenly worth $5 million more than -- $5 billion more than we were a month ago. please buy the stock. there's not much to hang your hat on. you take apple for example, 1997. maybe it was 60 days away from bankruptcy. it had really kind of innovative is way out of morass and over 25 years become the most valuable company on the planet. tesla gets out of its short squeeze and something worth a lot. added to the standard & poor's 500 index. institutional investors can come in. they can parlay that and sell that to investment bank and say let's do a b

it's the latest example of what we've seen happening in this area you have names like hertz, stocks thate gone haywire on firms like reddit and twitter. this is the latest symptom from the past year. it comes alongside a record new numbers of accounts opened on all major brokage firms. you talk to robinhood, square, sci-fi they are opening up the market to a whole new group of people this is really the other side of that they don't like to be associated with the reddit traders, wall street's best. what itself going on with some of the harassment on here that you see again sort of villainizing these short sellers. it's something the smaller brokage firms like to separate themselves from. >> cecilia, it seems to me like the tiktoking of wall street i mean, this isn't about the company, itself, so much as it's about entertainment. right? and people being willing to pay for that entertainment for seeing a stand-up or a comedy club there are potentially billions of dollars, in investor dollars on the lean here i wonder what's the broader message about where we are as a culture when this happe

many of them not happy this morning that the eagles decided to bench jaylon hertz in the fourth quarteri'm sure that rivalry just added one more thing next year when the giants play the eagles. >> we'll have to see what happens. thanks, andy. appreciate it. >> all right. still ahead, every former living defense secretary just joined forces to a remarkable rejection of the gop's efforts to try to overturn they election. we'll tell what you they're saying next. when dehydration ge. ♪ hey! that's mine. i'll buy you a pony. advanced hydration isn't just for kids. pedialyte helps you hydrate during recovery. l'oréal's magic root cover up three seconds to flawless roots three...two...one... roots gone! magic root cover up by l'oréal paris oh my gosh! when it comes to the quality of our cars: the highest. it's why only 1 in 10 cars we look at qualify to sell on our site. if it's been in a reported accident, we won't sell it. and at our state-of-the-art facilities our ase certified mechanics roll up their sleeves and get to it. inspecting, dialing-in, and fine tuning every single car inside and

by three in the fourth quarter, eagles head coach doug pederson pulled starting quarterback jalen hertzderson said after the game, he was still trying to win, but judd certainly isn't buying it. >> to disrespect the effort that everyone put forward to make this season a success for the national football league, by disrespecting the game by going out there and not playing, we will never do that. >> the eagles/giants game should be fun next year. check this out, boston university's men and women's basketball teams opened their seasons yesterday wearing masks during their games. a bu spokesperson telling cnn that the school requires all athletes to wear face coverings during every activity. the woman hosted holy cross and both teams in that game wore masks. today, the men will host holy cross and both teams for that game will be wearing masks. you know, john say, people say, you can't wear masks while you're balleti iplaying basketb, boston university was wearing masks yesterday and holy cross were not and boston university won the game. so it couldn't have hindered them that much. >> andy

but traveling, taking the president overseas, he does not flying a commercial play and go up to the hertznt a car and get a cargo off and those meetings. there's a tremendous amount of planning, it is staggering and you would be shocked to know how many planes full of equipment and materials go overseas anytime the president travels. can you talk to us a little bit about it? >> you're exactly right spends. it's really... when the president travels overseas, you're moving the white house in that country. with that, the limousine's on these prop planes, these military aircraft, you can see fit six to eight cars on these aircrafts. you can fit helicopters on these aircrafts. so, everything moves in this foreign country. but one of the biggest, beyond the logistics, the challenge is the advanced work. because now, you don't have the same authority that you would have within the states. so you were lying on relying on those foreign countries to do what you want, there is a lot of negotiating back and forth. a lot of nudging back and forth because you want, you know what you want. which you nee

friendly second is still an lcd tv but it's enhanced us for refresh rate the minimum you want is 60 hertz vision if you want movies and tv shows to look their absolute the overall picture quality is every form of as for specific recommendations bryan's top overall pick is the lgc lead not most all and it's not the current re there is a good here and for more budget friendly set check out the tcl 6 series see all of the armed car $900,000 tv for much less. >>consideration is size you want to sit about double the screen size away from your tv that's about 10 to 11 feet away for a 65 in cent i've got a link to a calculator that can help with that on my website just go to rich on tech dot tv. i'm rich demuro and you are tech smart. >>this murder that site has taken note here this ordering up a lot of info that's pretty cool though, and i like your line you're old enough to remember for k all right back in the day. well the star of this year's super bowl halftime show if you haven't heard. >>is the weekend and this is crazy. he's apparently so committed to putting on a good show. >>that he is

, but traveling, taking the president overseas, he doesn't fly on a commercial plane and go out to hertz and get a car and go off to meetings. there's a tremendous amount of planning and it's staggering and you'd be shocked to know how many planes full of equipment and materials go overseas any time the president travels. did y can you talk us to about it? >> you're right, spence. when the president travels overseas you're moving the white house to that country and with that, the limb sceousines and yn fit six to eight cars on the aircraft and you can fit helicopters on these aircraft. so everything moves in this foreign country, but one of the biggest, beyond the logistics, the challenge is in the work and so you're relying on those foreign countries to do what you want and there's a lot of negotiating back and forth and nudging back and forth because you know what you want and what you need to have a safe environment, but we don't always get to that point. >> and so reciprocity is a big part of it when you're negotiating for whether you can carry your weapons in a foreign country or no

of the retail trading movement >> younger traders have been picking a favorite stock, blackberry, hertz, in this case, game stop. regardless of the fundamentals rallying around those names on social media the trend coincides with record new participants in the market which start-up brek raj firms say is great they are lowering the barrier to entry but reddit often paints a less positive picture. they are hundreds of comments about buy asking holding no matter what, harassment of short sellers and a get rich quick mentality with screen shots of gapes that aren't always verified the sec decline to comment but it is often tough to prove when thousands are posting anonymously. securities laws on this were written in 1934. most haven't been updated to address the social media era guys back to you. >> thanks for that mike, interesting point on that regulation point, something to look out for for of course about section 230 as well in due course but in the short-term, the level to which we have seen the likes of game stop rally, to what extent does it become a self fulfilling prophecy that any

hertz. tilray saw an epic short squeeze a couple of years ago.at kind of just from a regulatory standpoint, what kind of precedent is in prlace and how some of those other examples, while in some ways may be different, not quite as big and public as this, but what those examples might actually offer in terms of guidance >> sure. it is a great example that you point out. i am going to go abback even further. you may recall back in 2012 there was the case against harbinger capital and -- and that was a short squeeze that was a big case. he got barred from the industry. there were many things that were going wrong there with misappropriation of funds, et cetera but it all started with the short squeeze on a particular distressed debt issuer so we're talking a bond issuer as opposed to equities, as we are here, but the concept was the same and he got pushed out. >> i want to go back to the conversation around more scrutiny of the actual infrastructure, the platforms. obviously, we had these comments and we had these confirmations from robin hood inte

a letter to 20 of the biggest travel companies, including marriott, expedia, car rental companies, hertz and implement additional screening to ensure, quote, they are not being used to facilitate violence or domestic terrorism this as security continues to tighten in the capitol as well as across different states in the nation back to you. >> covering travel as you do, i wonder how much attention you are giving this morning to some of the restrictions from international travel, countries like brazil that the trump white house had sought to end and that the biden administration is now saying no can do >> yeah, that first anunes from president trump lifting restrictions from various countries from europe to brazil was definitely a surprise, but then to see that response from president-elect biden's secretary, incoming press secretary, that would be reversed, was certainly an interesting story to watch over the last 24 hours. i think because you saw the response from the biden campaign so early, so fast, suggests why you are not seeing a big reaction in travel stocks today, carl >> that's d

amc has had to stay out of bankruptcy and here it is, not in some ways dissimilar that we saw from hertz this summer where suddenly they had the run and thinking about selling stock despite the fact that they were bankrupt. >> and the million dollar fundraising this weekend has been pulled off. >> and go for it, right? >> i think theoretically, you can take the stock up enough, and adam aaron, who is very clever, will recognize that this is an opportunity to sell stock. however, the younger investors, david, who are doing this, with the bet, have regarded offerings as being a sign of strength. >> i think you said that >> it's true >> no, i understand. >> and carl, again, when you see this buying, before the, you know, there was buying at 4:00 a.m. on this thing >> i followed 49: -- the 4:30 traders. >> you were? >> yes >> and i'm up way before that. >> and they go to work and another one that has moved up pallentin. a great company. but we can have the discussion about valuation at this point in the marketplace in terms of what deserves to be and carl, it's not unconnected we'll get to t

we saw a similar jump in hertz stock last year after they declared bankruptcy.s it make an actual difference ideology the audi to these companies who stocks are being that around like this? guest: if it lasts long enough in the market capitalization is sustainable in the bank takes it seriously enough to allow the company to come in and do a secondary offering. then again, sell more stock or something like that, what are you going to put into the prospectus or the offering statement? well, we are so blessed we are suddenly worth $5 million more than -- $5 billion more than we were a month ago. please buy the stock. there's not much to hang your hat on. you take apple for example, 1997. maybe it was 60 days away from bankruptcy. it had really kind of innovative is way out of morass and over 25 years become the most valuable company on the planet. tesla gets out of its short squeeze and something worth a lot. added to the standard & poor's 500 index. institutional investors can come in. they can parlay that and sell that to investment bank and say let's do a bond