what is the difference between a walk away and its main competitors which are ericsson and nokia what they're for differentiates weiwei will the 3 major areas that 5 g. is bringing which is going to help bring computing power to the edge one has to do with the speed and the amount of data that can pass in a quick manner the other is latency so that the response time is short dramatically so when you look at autonomous driving you look at the the ability to stop the car based on the most current data rather than stopping in one meter maybe you'll stop in one centimeter terms of remote surgery the ability to have the really fine tune connections so there is there's really no pause the ability to have sensors and machine the machine communication to make very important decisions on our vertical industries and finally the the multiple connections a particular area some of this can benefit in the consumer sooner space for example so if you're at a sports stadium for example and you've got your mobile device and maybe there are 50 cameras around the stadium you'd be able to play back whiche

actually, there is the erickson nokia read across. nokia is up today by nearly 4%.here are a couple of factors. one is erickson, good numbers, the halo effect on nokia, but also some trading restrictions that were put on yesterday around nokia because they are part of the gamestop story, or are being affected by it. it is trading up on the back of that. we are not seeing the same effects in europe as in the united states. the numbers are more muted. out of poland, what has been sucked lower, the project is definitely lower today by 16.38 %. these are the biggest moving stocks of the week. cd projekt at the top with elon musk tweeting about its gain. then you have westfield, nokia, then back to the wall operators. this has all been the reddit story appear. the numbers are much smaller, this is europe so they don't do things on such a galactic scale, but nonetheless incredible moves being seen at the top end of the european equity market. on the week, despite the turbulence below the surface we are actually seeing a negative week for european equity markets. alix: the

nokia was 1.1 billion on wednesday in trading volume. to 675 million because robinhood wouldn't let them trade. as a law professor, there are now, as we said, a bunch of class action lawsuits that have been filed, the texas a.g. just announced he will look into it. you tell me, does the reddit crowd have a chance of winning this? >> well, i'll tell you, the lack of attention that the s.e.c. from a policy standpoint has been paying to this issue is really what's most surprising to me. i mean, now as you said, maybe there's hope. but i and 11 other law professors nearly a year ago filed a petition where we asked the s.e.c. to put in some basic rules of the road for social media trading. you know, saying look, we need to have honesty, we need to have transparency. we never heard from them. it's been almost a year. and i think what this shows is that perhaps, perhaps this is a moment but regulators have largely been asleep at the wheel. we saw this in 2008. we're seeing it now. as you said, perhaps now just because of the scale, there's hope

the trades on nokia are on its u.s.ting, and that has driven a lot of the volume in the 30% or so search we saw. proportionally, that will be a lot less than what we saw in gamestop. it is still $8 billion in market capitalization. for the moment, it has restricted companies that have those restrictions. tom: greatly appreciated a little bit of the social aspect of what we see. we are learning a lot tick by tic. chinese u.n., a new strength -- yuan, a new strength. it is at 6.4278, maybe indicates a flight, almost, to yuan quality given the liquidity issues in china. jonathan: i think we have lost sight of the broader story for 2021 -- there are many challenges community this year, and i don't think they're just risks that we're seeing those risks materialize. we have seen this play out in europe. any other week, that would have been the focus. the case study we have for the vaccine rollout has been israel -- it has been tremendous, the numbers of staggering, they have managed to vaccinate a huge portion of society very

a lot of these guys, like nokia, express, keep getting well-to-do to volatility.hnology analyst, mandy, from bloomberg intelligence joins us. you have this crazy trading like in gamestop and, by the way, those fundamentals. what are you looking for today? >> in the case of facebook, it is the user growth. it could have been impacted by the noise around trump's ban and how some people pulled out of social media, but at the end of the day, the key thing to watch at is the engagement. our view is the time spent online has been going up due to e-commerce, due to streaming, so there are so many drivers for these social media platforms, and facebook owns four of the largest social media platforms out there. instagram, whatsapp, and the facebook core platform, and that just gives it so much power in terms of both advertising as well as driving engagement when it comes to content. guy: are they going to break out what is happening on whatsapp? there has been reporting on the terms of service change and people exiting the platform. will facebook talk about that, provide nu

which is restricted to 25 shares nokia 50 shares costs 10 shares blackberry 25 shares except so it looks like robin hood is operating in a loop here you can my sense that's what the controversy was about yesterday that we tell us i just can't buy a lot now right you can't buy a lot so there's still is a lot of restructuring going on here but you were pretty angry about robin hood's move to prevent the purchase of these game stocks on thursday what are your thoughts on them allowing to purchase like we're seeing these limited stocks to and i i think even that is is. it's nothing is garbage this whole thing is garbage with the fact is. the entire day as we talked about on thursday the entire day of thursday retail traders were locked out what was happening while that was going on well we saw game stops stock decline why is that because wall street hedge fund managers who had bet against it were trying to sell a lot of their positions so they spent the whole day being given cover by sites like robin hood so they could sell out of those positions and now they don't really care as much of oth

and basically restricting and saying you cannot buy game stop stock from us you cannot buy amc the nokia bed bath and beyond and by are they doing that they're doing that because these wall street heads hedge fund managers want to be able to come in and short those stocks and make big profits on them and so what you actually have happening here is a war between retail investors who guess i believe are absolutely trying to hurt hedge funds and they're trying to hurt money on wall street by doing this so what that's what you can do in a free market in a true free market if you say hey i see that big hedge funds are trying to short the stock on game stop and make a profit so rather than letting them sell low on that we're going to buy it and we're going to pump that price up and that's for those who are not following the story that's what retail investors did they came in they started buying game stop in the in the stock went through the roof for the last couple of days and they're sticking it to wall street and in response to that these retail investments i think robin hood say you're not

and basically restricting and saying you cannot buy game stop stock from us you cannot buy amc the nokia bed bath and beyond and by are they doing that they're doing that because these wall street heads hedge fund managers want to be able to come in and short those stocks and make big profits on them and so what you actually have happening here is a war between retail investors who guess i believe are absolutely trying to hurt hedge funds and they're trying to hurt money on wall street by doing this so what that's what you can do in a free market in a true free market if you say hey i see that big hedge funds are trying to short the stock on game stop and make a profit so rather than letting them sell low on that we're going to buy it and we're going to pump that price up and that's for those who are not following the story that's what retail investors did they came in they started buying game stop in the in the stock went through the roof for the last couple of days and they're sticking it to wall street and in response to that these retail investments i think robin hood say you're not

i like the concept of gamestop at amc and blackberry, nokia, blockbuster video. i would to go out there and defend their honor. is that market minute relation? that's an open debate. these small investors, this pack of -- there are many metaphors. this swarm of fish, whatever he want to call it, they are fronting their own money. they are on the line. this is a really fiery debate that will spill over into next week and the rest of the year. host: let me provide viewers and followers they can join in on this conversation. if you want to talk about what's going on in the stock market and the economy, we will open up the regular lines for this conversation. democrats, you can call in at (202) 748-8000. republicans, your line will be (202) 748-8001. independents, you can call at (202) 748-8002. keep in mind you can always text us at (202) 748-8003. we are always reading on social media, twitter and on facebook. like we said earlier, this is an esoteric conversation going on that seems to be affecting only a small segment of wall street and the small bettors -- small

we just mentioned what's happening with nokia.n european train but is being mentioned on reddit after an upgrade earlier in the session. alix: and something similar happening with blackberry as well. i also want to highlight what's happening with amc. they will not go bankrupt because they have enough cash. a stunning turnaround for a company where theaters have been essentially shot this whole time. they assembled about a hundred $17 million amount of fresh financing. it's the most traded stock worth about $500 million today. the fact that you can get a company in an industry effectively nonexistent during the pandemic to get enough financing to sustain itself through the pandemic is an important conversation. guy: and it trades at relatively low price point. that's what ties these stocks together. this is something that is similar to what we are seeing elsewhere. these are stocks that are easy to pick up and that's white reddit seems to focus on that and -- on them as well. we will talk more about all of this in the next part wh

they did the same with amc, nokia, blackberry, cost, retail express just to name a few. traders are saying these trades are not on the fundamentals of the stock, profit margins, cash flow, leadership, the board. none of that more so has to do with what these companies stand for. what that is, i took it from the form, a fight against corporate interests and wall street. according to them it seems to be working because some of these hedge funds, citron, melvin capital, have pulled their positions but the risky behavior has everyone watching. janet yellen, treasury secretary, the sec, said they're watching. you also had even wells fargo tell its advisors not to write any recommendations on amc or gamestop. you had the nasdaq chief say they would halt any stocks that had, were connected to unusual social media chatter. the latest is the robin hoods. this is that trading platform. robin hood put out a statement, quote, in light of recent volatility, we are restricting transactions for certain securities to position closing only. means you can only sell it, amc, blackberry, be

morning, i'm jackie deangelis, the reddit robin battle lives on, trading of stocks like game stop, nokia after halting trades yesterday. robin hood facing lawsuits as members of congress on both sides of the ailse call for investigation. honey well reporting this hour. futures are under pressure. take a look there. this following a strong day on wall street yesterday. the dow finishing higher for the first time in over a week. and, of course, executive actions, closer look at president biden's orders on health care with more executive orders next week. tom homan next hour. changing school to -- from a president to a musical. mornings with maria right now. jackie: interesting start. the ftse 100, cac 40, all seeing losses this morning. in asia overnight, red across the board as well with the biggest losses coming on kospi at more than 3%. some of the top stories, robin road easing restrictions on trading after widespread outage yesterday. cheryl casone has details and more. good morning. cheryl: a lot happening overnight with the story. after plunging more than 44% yesterday, after restri

so you can see it's down today for nokia as robin hood blocks new purchases of nokia and some other of they soared to a record game, record volume yesterday. like i said, for no apparent reason, and that is what the company is saying. i don't know when all of this stops, but these names, i mean, if you look at the two week, the one month charts, they're astronomically to the upside. [laughter] stuart: that is true. all right will, lauren, thanks very much, indeed. gotta tell our audience one more time, barstool's dave portnoy joins us next. ♪ the heat is on. ♪ the heat is on. ♪ the heat is on, oh, it's on the streets. ♪ the heat is on ♪♪ ♪ ♪ stuart: i can't get over gamestop. $500 a share very early in this morning. a few hours later, the thing is at 135, 140, down over $200 a share. susan, come back in again, please, because i want to say how much i agree with what you just said. you said, look, don't put money into this kind of stock if you can't afford to lose it all. >> right. stuart: because somebody has been left holding the bag. somebody has lost it all right here. dead right, s

you look at the individual companies like gamestop, blackberry, nokia., of course, is the vaccine distribution. this is a huge story in europe. when you look at both of the stories that are pretty much dominating the news agenda, do you think these two agenda is white we are seeing the strength of the u.s. -- why we are seeing the strength of the u.s. dollar? >> i think you make a good point. you've got major concerns right now, with respect to the prolonged containment measures, and also the logistic issues, with respect to the vaccine distribution. this is causing some concern that we could have perhaps a longer, weaker economic drag on the economy. and that is undermining financial market sentiment and supporting the u.s. dollar. but i think outside of the short-term period of turbulence, the reflation team is intact, and largely supported by still a successful rollout of the vaccine and an ongoing rollout of the vaccine. the prospect of more aggressive u.s. fiscal stimulus, and more importantly, is the fact that global monetary policy settings are go

you mentioned both ericsson and nokia and their great companies.they are not american companies though. what has kept american companies from pursuing this market the way that huawei has? is it a market failure in the sense that there's some regulatory impediment? is it that there were not returns to industry to produce a product of scale to huawei? what happened here? >> it's more the second fact that you identified. when we have gone into this in late '90s and early 2,000's, there were companies in this space that many people don't even think about anymore -- the economics of the industry are very hard. in order to compete, you've got to have a certain scale and keep investing in r&d and over time of course if you are a publicly traded company there's probably quarterly pressure to show you are getting the returns. so to the extent you can't get the returns on the investment other competitors might, over time that has an unfortunate effect. also, through acquisitions a lot of those american companies were purchased by foreign companies. that's an

compaÑÍas como nokia, entre otras. que era lo lÓgico. esta banda de chicos que se hicieron llamar como unos soldados de reddit, apostaron a que las que iban a bajar, allÍ metieron dinero y eso causÓ el efecto contrario en wall street y las acciones subieron. es una telenovela. esto no habÍa pasado de esa manera. wall street ha perdido millones, y en cambio los chicos que invirtieron estas empresas, han ganado miles de dÓlares. puede que hayan ganado millones de dÓlares. borja: cuando vayas a comprar una acciÓn, cuantas mÁs personas a compren el valor de la compaÑÍa se incrementa, por lo cual has ganado dinero. ¿quÉ deben saber las personas que no acostumbran a invertir en la bolsa y ahora se lo piensan? de hecho hay muchÍsimas aplicaciones para poder invertir en bolsa. mayra: lo importante en momentos que ahora es que tienen que entender que en este momento y alta volatilidad por que lo que usualmente pasa no estÁ pasando. si alguien no sabe sobre la bolsa, si nunca lo ha hecho, no es el momento de hacerlo. hay alto ri

haven't mentioned yet but are on the tip of everybody's tupgs, names like game stop, macy's, fossil, nokia, blackberry. all these stocks that had some short interest, suddenly we saw a big uptick in interest what we saw was a lot of people buying the stocks and a lot of people buying the options. they traded well over a million contracts a day. for those who are new, each options contract typically represents 100 shares. so that would be 100 million worth of shares trading a day. whenever you have a lot of buyers, retail, institutional, someone staying at home and click trading from their basement, it could be a hedge fund but when they buy call options they're buying them from a market maker the market maker has to buy stock to hedge you're going to see volume build on itself in this way. the higher itgoes, the more they have to buy to hedge their positions. so -- >> that's a huge part of the story, is it not >> tony, i mean -- >> yes, it is, absolutely. >> yeah, you look out and i know our friend larry mcdonald posted this out and said there was, i think some of these game stop options w

romaine: kodak, nokia, you have traders out there that have a list of heavily shorted companies with and you just go to town, get a few friends and i don't know. joe: at blockbuster. romaine: is that illegal? joe: apparently it can drive up big names. joining us, gabriel grego, quintessential capital management partner. thank you for joining us. what is the future of your industry, what is the future of shortselling? is it a career risk if anyone is going to advertise or be on the short side of a stock? gabriel: absolutely, yes. it turns out this is a risk and i think the shortselling is bright -- the future of shortselling is bright but it is not always a game that can work all the time. i would say you should differentiate between active shortselling and passive shortselling, just because it is very hard to ride the system of the market, when the market in the short-term term can do anything. what has been happening the last few days can be sobering for a lot of funds, and should spur a lot of the funds to be even more careful with such a thing as risk management considering the sh

we saw similar swings with amc, nokia, blackberry. because of this massive volatility today, you have trading platforms like interactive brokers as well as robinhood restrict trades which means they stopped people from being able to buy shares of gamestop, amc, nokia to name a few. some users were so angry that they filed two class action complaints against robinhood because of this stock drama, you brought together lawmakers from both sides of the aisle. yet house representative alexandria ocasio-cortez as well as senator ted cruz both bashing robinhood on twitter because of the trade restrictions. wall street veterans that are concerned, warning retail investors have a lot to lose. they are not diversified. they may be inexperienced and many lost a lot of money because the shares did drop dramatically. on the flip side, a lot of these retail investors are saying this is less about the fundamentals of the company, less about the stock itself and more so about the fight against corporate interests and wall street. bret, back to you. >

you mentioned ericsson and nokia, they're both great companies, they're not american companies, whatis it that's kept american companies from pursuing this market the way that huawei has, is it a market failure in the sense that there is regulatory impediment, is it that there were not returned to industry to produce a product, a scale to huawei, what happened here? >> i think it's more the second factor, at least when i got into the space in the late 1990s, early 2000 there was companies in the space and companies that people don't think about anymore, they loosened companies like that but the economics of the industry are very hard in order to compete you have to have a certain scale and you gotta keep investing in r&d and over time if you're a publicly traded company there is quarterly pressure to show you are getting the returns and to an extent you can't get the returns of the investment the other competitors might over time has an unfortunate effect and through acquisitions a lot of the american companies were purchased by foreign companies, that's another factor as well and al

so a lot of stocks that kind of bring back the nostalgia, things like nokia, you know, the blockbuster liquidation company. those types of stocks are very nostalgic from a kind of cultural perspective but also very meme worthy i would say and something i think the traditional wall street types don't understand is the mindset of the retail investors and what matters to them. because a lot of people on wall street trade on fundamentals they'll trade on technical analysis those are the things that matter to wall street unvestors the retail investors have a little different mindset sometimes. i think it is wrong tosay thei mindset is uneducated or comes from the point of ignorance. it's just a different strategy and way they approach the market right now it's working out pretty well for them we'll see what happens in terms of what stocks would be kind of next, i've seen a list of basically the most shorted stocks from hedge funds. there is both this cultural aspect -- >> we got to go but isn't that rich that you got the big wall street firms putting out lists of names that might pop from t

that's definitely true for gamestop not just gamestop, nokia, blackberry when is the last time nokia and blackberry were trading options volumes that were comparable to or exceeded apple? when is the last time that something like gamestop would see higher options volumes than electronic arts might for the last time that amc theaters were seeing bigger volumes in the options market than disney and netflix. that's the kind of stuff that we're seeing right now hand that's pretty extraordinary when you think about it all of those, by the way, are companies that we're seeing over a million contracts traded today. i mean, that is really remarkable here's something else that's remarkable is that a lot of this flow, these are not, you know, price targets up have a%, up 20, six months to a year these are people betting that the price of these shares are going to increase or decrease by 30%, 40% 50,% in three, four, or five days. this is definitely highly speculative activity, and, of course, if you make those kind of bets, chances are most of those will be losing bets because the stock cannot

reporter: the government is planning to a nokia late -- inoculate people starting by the end of februaryses, going to health care workers first. then it will look to locally produced the astrazeneca vaccine, with a capacity of over 200              ç

corner of the market, but we're looking at game stop, amc and even blockbuster and blackberry and nokia shand these stocks sort of explain it, steve, since you are an average joe in an average joe way, which is if you're whacking the hedge dpunds -- which by the way nobody's feeling sorry for because they stupidly climbed on the same stock but now to raise money, they may be forced to sell what they can and also, steve, i want you to comment on this and we've got to be very careful of how we frame this robin hood started limiting orders on a couple of stocks as we just heard, they're limiting purchases to one share, one share. i mean, what a joke, on amd, starbucks and others it is not just these heavily shorted names. this is starting to bubble up as a bigger market story and one wonders where it goes. >> yeah. i'm not a fan of regulation when it comes to restricting any of this stuff i don't think they did anything wrong. they used the markets and the markets are a speculation process, right if i buy a stock, i think it's going up it doesn't matter my reason why i think it's going up.

called flashlight, a lighter version of it big could be used on phones when we are using things like nokia's was very intensive on the battery. battery life is important on mobile devices. before version of flash is not very good -- the full version of flash was not very good on the battery. stevjobs wrote a report on flash and did not want it on the iphone or ipad because of battery and security risk. apple has its own closed ecosystem. but the ste jobs letter was scathing on adobe flash and never made it on the iphone. >> what happens to all the animations on the games now? >> there is work to make an open-source flash player called russell -- it can play the sounds or cartoons. the internet archive, known for old website and you want to know what it used to look like, they are trying to preserve some flash animation. ey have a collection of about 2000 famous flash animations that went viral back in the earl there are still a project toni play thesetions but a lot of things will be lost in this which is a shame. >> there is no doubt that 2020 was a brutal year, but trying to be positive ha

we'll be back with more exciting stories about the nature and of course of a ship i understand at the nokia signing off the compiler get a new gun. down. the. street. good news crime fighters are back africa's most successful radio drama series continues this season the stories focus on hate speech prevention and sustainable charcoal production. all of the sos are available online and of course you can share and discuss on africa's facebook page and other social media platforms. crime fighters to name now. get. rocking emigrants. they know the police will stop gun. they know that the road is not a solution. they know. their flight could be fatal. but going back to using not an option. i'm on and probably you are stuck in the spanish border area. along side other young people there waiting for a chance that will probably never come. shattered dreams starts january 18th on t.w. . every journey begins with the 1st step and every language the 1st word going to conclude niko peace in germany to such. why not learn with him her. its simple are mine on your mobile and free. t.w. zealand in course.

the tip of everybody's tongue, certainly on everybody's radar, gamestop, macy's, fossil, express, nokia, blackberry, all these stocks that had some short interest and things like that, suddenly we saw a big uptick in interest what we saw was a lot of people buying the stocks and a lot of people buying the options. a lot of those names i just mentioned traded well over a million contracts a day. to put things in perspective, each options contract typically represents 100 shares. that would be 100 million shares worth of options trading each day. those are extraordinary volumes. of course, whenever you have a lot of buyers, it could be retail buyers, it could be institutional buyers, it could be someone staying at home and click trading from their basement, it could be a hedge fund when they go and buy call options, they're buying from a market maker what happens next, the market maker has to buy stock to hedge. typically you're going to see volume build on itself in this way. the higher the stock goes, the more stock those market makers have to buy to hedge their position so - >> that's

of that robinhood also blocked a new trades in several other companies including amc blackberry and nokia which were also soaring because of the chat group users on the app can still close out positions but can't buy more adaptive blogger dave portnoy says robin hood can't just try to block online trends simply because they don't favor traditional trading there's no way to force you to add that's why things we want to get or you can just pick up and change the rules at a whim whenever you feel like it why why can a bank if i make a deposit just say that's our money now. one of. 6 her many investors who made it big on game stop and other blocks companies are furious as fuck they have a big stake in robin hood and they did the film with you know that's not right they're going to throw over the word but the c.e.o. of robin hood says he is doing his customers a favor we absolutely did not do this in the direction of the market maker or hedge fund or anyone we rally to your other market participants so we're really unprecedented. in order to protect the firm and protect our customers we have a

they said that i could only sell my amc stock, they said only sell my nokia stock, but i couldn't buye market in any way? that's not a free market, that sounds like communism! these are dirty, dirty people! they deserve jail time! money — they will be able to repay the money — they can pay millions of dollars worth of fines! this isn't about money, this is aboutjail time, prison! they should go to jail! accusations like that will hurt platforms like robinhood, who have helped to democratise the stock market. its co—founder said the firm had taken its decision based on regulatory requirements and limited buys of the restricted stocks would be available on friday. —— the restricted stocks would be allowed from friday. you have a generation that feels it is their time, you have new weapons of influence, new trading platforms, and a lot of people at home with stimulus in their pocket and phones and access to trading. it all kind of spells a cocktail of volatility. even american politicians are unusually united over their response, with the incoming chair of the banking committee promising

lighter version of it that could be used on feature phones back when we were all using things like nokiast it was very intensive on the battery, and obviously when you are using a mobile device, battery life is important. the full version of flash wasn't very good for the battery. and stevejobs in 2010 wrote an open letter called thoughts on flash, which was absolutely blistering on flash. he said he didn't want it on the iphone or the ipad because it was too intensive on the battery, it was a security risk and he also accused adobe of trying to make it a closed internet. a lot of people would say how it's turned out is that apple has done that, it's got its own closed ecosystem. but that letter was scathing on adobe flash, and it never made it onto the iphone. there's work to make an open source flash player called ruffle, which can do most of the things that flash used to do for animations. it can play the sounds and the cartoons and things like that. and the internet archive, which is known for that wayback machine, if you look up an old website and you want to find what it used to loo

they said that i could only sell my amc stock, only sell my nokia stock, but i couldn't buy it more thisthat every market in any way? doesn't a free market, that other commenters. they are dirty people, they deserved jail time for the money, they will be able to repay the money and repay millions of dollars over five. this isn't about money, this is aboutjail time, this isn't about money, this is aboutjailtime, prison. they about jail time, prison. they should aboutjailtime, prison. they should go to jail. about jailtime, prison. they should go to jail. should go to “ail. accusations like that will — should go to jail. accusations like that will hurt _ should go to jail. accusations like that will hurt platforms l like that will hurt platforms like that will hurt platforms like robin hood who have helped to democratise the stock market. its co—founder said the firm had taken its decision based on non—regulatory advice and limited buyers of the stock would be available on friday. you have a generation that feels it is their time, have new have new weapons, new trading platforms and a lot

but nokia up already 11% premarket.ing on to some of the frenzy that has been going on in the u.s., really just hitting home that point tracy was making about reddit trade going global. matt: thanks very much. dani burger talking about the stocks we are going to watch today. it is the market open in five minutes time and we are looking at deep red arrows in terms of futures. not as bad as they have been. we are looking at future losses under 1% across the board. they had been 1% and significant change. nonetheless it looks like a risk off market open this thursday. this is bloomberg. ♪ ♪ anna: welcome back to "bloomberg markets: european open." a minute to go until the start of cash equity trading. gamestop's monumental rally takes a breather after reddit's wall street bets forum briefly -- new users. -- to send more doses to the eu. we will have reports from brussels. big tech disappoints. apple issues a cautious outlook while tesla reports lower-than-expected profits. both stocks fall in extended trading. matt? matt:

lighter version of it that could be used on feature phones back when we were all using things like nokiasing a mobile device, battery life is important. the full version of flash wasn't very good for the battery. and stevejobs in 2010 wrote an open letter called thoughts on flash, which was absolutely blistering on flash. he said he didn't want it on the iphone or the ipad because it was too intensive on the battery, it was a security risk and he also accused adobe of trying to make it a closed internet. a lot of people would say how it's turned out is that apple has done that, it's got its own closed ecosystem. but that letter was scathing on adobe flash, and it never made it onto the iphone. there's work to make an open source flash player called ruffle, which can do most of the things that flash used to do for animations. it can play the sounds and the cartoons and things like that. and the internet archive, which is known for that wayback machine, if you look up an old website and you want to find what it used to look like, they're trying to preserve some flash animation. so they've g

stocks investors are angry that robin hood also blocked trades in companies such as amc black berry and nokia which were rising because of the chat group you know when the big man when the quote unquote suits don't get their way they start losing they just shut down the game and change the rules i think it's extremely unfair and this he's put in place to protect the little man from things like this happening so hopefully you know regulators and politicians are taking a strong look at this and they get down to the bottom of it well u.s. politicians and regulators are taking notice republican ted cruz tweeted support for democrat alexandria cacio cortez's call for an investigation into robinhood actions the u.s. treasury secretary says she's monitoring the situation and massachusetts state regulator wants the new york stock exchange to suspend trading in game stop for 30 days. all right let's introduce our panel joining us from london chief market analyst at a v.a. trade from houston texas josh young the chief investment officer at bison interests and also in london and also in london ash sarka

back when we were all using things like nokias.bile device, battery life is important. the full version on flash wasn't very good for the battery. steve jo bs wasn't very good for the battery. steve jobs in wasn't very good for the battery. stevejobs in 2010 wrote an open letter which was absolutely blistering on flash. he said he didn't want on the iphone or the ipad because it was too intensive on the battery. it was a security risk and he also accused them of making ita and he also accused them of making it a closed internet. a lot of people said how it turned out is that apple did that. it's got its own close ecosystem. but that letter was was scathing on adobe. it never made it onto the iplayer. what happens to all those old animations and games now? there's work to make and games now? there's work to make an open source flash player called russell which can do most things that flash used to do. it can play the sounds and cartoons. the internet archive which is known for that way back machine, if you look up that way back mach