wall street bets reddit room founder is about to join us in a fox business exclusive to fire right back at the sec's report. it's assumption that the apes are vulnerable to gami fication and its rejection of the idea the meme stock crowd did show enough strength in numbers to pull amc and the rest of the meme stock from the press a pus forcing short sellers to cry uncle, the guy who started it all is coming up in just a moment. the price of bitcoin is going absolutely crazy right now driven by the crypto crowd sharing on the launch of the first-ever bitcoin futures exchange-traded funds. the man behind that historical etf pro shares global investment strategist is here to explain why his new fund is better than just cashing in on crypto itself , and as concert and sporting events and broadway finally fill seats to pre-pandemic capacity, vivid seats has the ticket for you. its ceo is here as his online ticket marketplace makes its public debut on the nasdaq, but first, we've gotta get to this breaking news, we want you to specifically look at shares of gamestop and online broker robinhoo

"squawk box," talking to reddit co-founder oh lexus o'hannan, crypto and so much more.ht ♪ ♪ say it's all right, it's all right ♪ ♪ have a good time 'cause it's all right ♪ ♪ now listen to the beat ♪ ♪ kinda pat your feet ♪ ♪ it's all right ♪ ♪ have a good time 'cause it's all right ♪ ♪ oh, it's all right ♪ when the only thought on your mind is “finally” this is financial security. and lincoln financial solutions will help you get there as you plan, protect and retire. >>> good morning a gusher of oil earnings new quarterly numbers from exxon/mobil and chevron, speaking live with chevron's cfo, but then -- we're going to talk about last night's big tech earnings. something we haven't seen in quite a while. revenue misses from two industry giants nasdaq dragged down this morning. bringing you all the details he's not megaman he's metaman virtual reality changing the name facebook to simply meta talk about what that means for the company and for tech's next chapter with reddit's ceo alexis o'hannan at "squawk box" begins right now. >>> good morning and welcome to "squawk

. >>> move over reddit and parlor.re's a new place on the web for extremist trump supporters, and it's coming from the man himself. we'll have details on that, ahead. ahead. regina approaches the all-electric cadillac lyriq. it's a sunny day. nah, a stormy day. classical music plays. um uh, brass band, new orleans. ♪ ♪ she drives hands free... along the coast. make it palm springs. ♪ cadillac is going electric. if you want to be bold, you have to go off-script. experience the all-electric cadillac lyriq. tonight, i'll be eating lobster ravioli with shaved truffles. yes! you look amazing! no, you look amazing! thank you! thank you! thank you! thank you! thank you! thank you! haha, you're welcome. we have to be able to repair the enamel on a daily basis. with pronamel repair toothpaste, we can help actively repair enamel in its weakened state. it's innovative. my go to toothpaste is going to be pronamel repair. with downy infusions, let the scent set the mood. feel the difference with downy. my go to toothpaste >>> well,

former life and your current live as an investor and it sounds common stock and it sounds more like reddit can you describe what this is because it is a big bet on retail >> i think the company is looking at the success and popularity of reddit and what has occurred, both the good things and the bad things and they're basically trying to put this in good order and corral it >> it's a social network platform and as i understand it, you are an investor in reddit, as well. what makes you so bullish about retail investors right now how do you think about robinhood and just that whole area that's mushroomed over the last 18 to 24 months? >> well, i like robinhood a lot, but i like it for the simple reason that it's created a pretty equal playing field as you know, because you and i have discussed this. when we all started in this area and if you remember back, i don't know if you remember back to your days in dallas we never had the kind of information that's available today, and the digital communication platforms have pretty much leveled the playing field and the concept of getting informatio

the power of reddit. astonishing. modernity down 9%.weden and denmark putting the moderna vaccine on hold due to concerns about side effects in younger people. emily: thanks. the idea that facebook puts profit over safety is just not true, says mark zuckerberg, in a lengthy facebook post defending the company hours after whistleblower frances haugen testified before congress. it's awkward amines about the future of facebook with daphne keller, platform regulation director at the stanford cyber policy center. thank you for joining us. i want to read a little of mark zuckerberg's statement. at the heart, the idea they profit -- prioritize profit over safety. he says it's not true. he adds the reality is that young people use technology. rather than ignoring this committee should meet their needs while keeping them safe. the problem is that facebook has lost public trust. i am curious what your reaction is to zuckerberg finally responding to frances haugen. daphne: i would start by saying facebook is full of people like frances haugen. ful

much has changed since i discovered that reddit post. one year later, the world health organization declared covid-19 to be a pandemic. what risks will be posing to those around us? are we safe? every day, i talked to people about what vaccines mean to them. [indiscernible] and how they can protect themselves. there are obstacles we are facing. [indiscernible] following this to interact more and see our friends and protect our families and communities. the senate held a hearing entitled "vaccines save lives." notably among those testifying [indiscernible] the hearing concluded by forcing out the irony. [indiscernible] even those who have not experienced the loss of a loved one have suffered from prolonged isolation. at this point, it is clear that we each have a responsibility to stop the transmission of covid-19 to ensure our collective health. i have witnessed many members of my generation take part, volunteering for clinical trials -- [no audio] i hope we will continue to focus on the needs of young people, ensuring their safety in th

i think it was a little bit of that camaraderie you saw all the comments on reddit, oh, my gosh, we'reogether then it tanked i freaked out, i don't want to lose any more money than i had lost >> what we're seeing in retail investing is completely unlike anything we've seen before >> kahlil is a washington state university professor who completed one of the first surveys looking at the connection between online investing and gambling behaviors. >> people are developing habits, and risky habits >> be sure to catch "generation gamble" tomorrow 8:00 p.m. eastern right here on cnbc >>> coming up, a tech wreck options alert that could point to a big bounce. we'll bring you the trade when "fast money" returns hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this... your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, asap! so basically i can pick the right plan for each employee... yeah i should've just led with that

we'll ask what a top analyst is wooching for reddit co-founder alexis ohanian will join us >> looking forward to that. >>> but first the let big stories. mike santoli with a look inside the rally. meg tirrell is looking at the vaccines just slipping a little be the in the last hour? >> certainly good to have three days straight in a row higher. we got relief but not really the rerisky move i do think maybe tomorrow's job number before the open might be a reason people wanted to flatten out when we did get to the highs. you have not quite taken care of that which is this developing down trend at the highs for the day the s&p 500 was very, very close to kind of closing up this big gap that was there from a week ago monday very close to going above the 50-day average missed those still up 3% from monday's lows why not bad for a few day's work responded to the conditions. all that stuff is positive but these things don't typically go in a straight line and explains maybe why we are fading slightly here today inclusive rally today. been saying since the highs in the market that the credit

retail investor had seismic waves across the market this year because of gamestop, because of the reddit community, but it was a hedge fund thing we are looking at. what if they could vote together on company boards? jennifer: that is the idea with the vote etf we launched. first of all, they are always economic issues. if you want to drive change of scale working with the biggest companies in the market, gm will transition. if exxon is not running optimized value in time, you care about that. with this etf, every individual will not understand how to vote every stock every year, but they have a vote, they can use it. our etf votes more aggressively than a lot of other asset managers, but always around economic. taylor: romaine: talk about some of the generational differences we are seeing among investors and what they want out of an investment. it is more than just profitability. they are looking to park their money somewhere that is in alignment with their values. is this now will be the dominant theme as those folks get older and become wealthy? jennifer: yes. i think as money comes u

another man falling from the upper level and landing on a man below a fan posting on reddit quote.we were in 2 14, and i saw him miss his footing. i don't think it was intentional, but he didn't reach for the railing and it's incredibly steep at the top. both men were taken to the hospital with what police say were non life threatening injuries, and we also reached out to chase center and they released a statement reading in part quote, we extend our heartfelt condolences to the guests loved ones. we are working with local authorities to determine exactly. what happened. police are still investigating both of these incidents in san francisco. christien kafton ktvu, fox two news. some bay area parents are speaking out today against the state vaccine mandate for schoolchildren. and after this afternoon if you dozen parents and students held a rally outside the county administration building. elementary through high school students will be required to get the shots once the vaccine receives final approval from federal regulators. so far that approval has only come for those 16 and up.

one fan on reddit, posting quote the sound of his body hitting the chair is one i will never forget. i'm trained in cpr and first aid, so i went to try and assist. but it was clear to me that he was no longer alive. san francisco police released a statement reading in part quote, officers arrived to the area and observed an adult male who was suffering from injuries caused by a possible fall. despite the efforts of emergency responders, the victim succumbed to his injuries and was declared deceased. at this time. we have found no evidence of foul play for this incident. then less than an hour later, police responded to a second incident. another man falling from the upper level and landing on a man below a fan posting on reddit quote. we were in 2 14 and i saw him miss his footing. i don't think it was intentional, but he didn't reach for the railing and it's incredibly steep at the top. both men were taken to the hospital with what police say were non life threatening injuries. and we also reached out to chase center and they released a statement reading in part quote, we extend our

shares fractionally higher turning to the volume on the reddit crowd mentions on wall street bets havend stocks up about 16% this month focusing on energy, look at solar stocks siege big gains. solar edge climbing 13%. edge solar up 11%. the u.s. 10-year note hits 1.7%, the highest since may. joining us now, head of u.s. equity strategy. it is good to see you this morning. >> thank you for having me >> are you surprised by the turn around in the market we started with a concern about the tapering we always it would be more in the 5 to 10% range. of course there is a supply. in the next week and a half, a key test of that to see ifs that true what we are hearing is that appetite is very, very strong. that 20% draw down will be shur. >> i would not say i think this was getting better you are starting to see some hints, some glimmers of hope looking at the surveys and backlogs you get great cause. those have actually started to edge down. global covid cases are a leading indicator for freight cost by about one to two months. we saw that decline and it told us to look for the decline of fr

clearly, much has changed since i discovered that initial reddit post. about one year later the world health organization declared covid-19 to be a pandemic. and the fears i first encountered on reddit became the fears of my entire generation. when will we be able to get vaccinated? what role can we play in making that happen? what risks were we posing to those around us and that we cared about? were we safe? the time i spent running vaxteen has been filled with endless questions and searching for answers. every day i speak to young people about what vaccines mean to them. the reasoning for why or why not they do or don't want to be vaccinated, and how they can protect themselves and their communities and those they care about. there are certainly obstacles we're facing in convincing some young people -- vaccines have come to most of us. they are way back to normal allowing us to return to school and see our friends. they're a way of protecting our families and communities. two years ago the senate committee of health, education, labor, and pensions held

i mean, again, if we looked at, say, comment ping-pong which starts on a reddit board on november 4th, and within a week it's become on tv, on fox news event, this this thing in which there is this allegation that there is a pedophilia ring underneath this pizza place in d.c. frequented by powerful politicians, likely democrats, in which they talk about pizza. becausee my sense is if you hav a bunch of political volunteers, you buy them a lot of pizza. but people on the internet going through, he's saying pizza so much that you know pizza is code for pedophile sex with children. so thes internet allows that ida which iske -- what it allows is one person or a group of people have an idea. and it might be a joke. it might beth just for the lull. it might be just they're playing a joke on somebody, but they started intoio the internet whi now can be spread so rapidly that everyone who has an inclination on that or advice about that can now be part of the a community. it spreads to the point that, than a month later, on november 3rd, my guess is outside of a six-block area around theur pi

again if we looked at the pingpong, a starts in the reddit board. in november 4th, and within a week it's become on tv, on fox news. talking about this event, this thing in which there's this allegation, there is a pedophilia ring underneath this pizza place, in d.c.. frequented by powerful politicians, particularly democrats. particular the link to emails being linked. in which they talk about pizza. because my sense, is if you have a bunch of political volunteers, you buy them a lot of pizza. but people in the internet are going through hissing pizzas so, much you know that pizza is code for petty felix's ex. with children. and that's where they're talking about. the internet allows, that idea which is what it allows is, one person or a group of people have an idea, and it might be a, joke it might be just for the lol's. like they're playing a joke on somebody, but it started into the internet which now can spread so rapidly, that everyone who has an inclination about, that or an interest in, that can now be part of that community. and it spreads

we like reddit over full facing credit. jonathan: news from cnn and confirmed on the facebook page of colin powell. it is important to get this accurate. colin powell, leadership in several administrations has shaped foreign policy in the 20th century and early years of the 21st has died from convocations of covid-19, this according to his family on facebook. he was 84. the team in the control room has visited the facebook page and confirmed that. colin powell him of the first black u.s. secretary of state has died. he was 84. tom: i would suggest this was only in america. he came out of harlem in the bronx. this was a guy who started out in rotc at ccny. there was no west point. this is a guy who grounded up and then executed as an officer to the many steps to the colin powell we know today. jonathan: the statement is, general colin powell, former u.s. secretary of state and chairman of the joint chiefs of staff passed away due to convocations from covid-19. he was fully vaccinated. we want to thank the medical staff for t

if we get enough momentum, like we saw with reddit stocks, this will get momentum. alix: that is the fun story. now let's get to the other stuff happening in the markets. we get a ton of numbers coming out. the s&p is up .2%. consumer discretionary leading the way. oil prices are getting kicked out of bed, down by a full percentage point. you are dealing with earnings, margins, input costs. on the other site, in the bond market, a ferocious move led by the u.k.. u.k. growth will be better than expected this year. you have a budget that is bigger than expected but you have some serious buying coming in. yields down by 12% in the u.k. even though inflation is at a three-decade high in the u.k. possibly this year, but we will dig through that. francine: also, we are hearing from the bank of canada who says they will move away from quantitative easing to reinvestment but have also adjusted the time for those rate hikes. a big day of earnings on both sides of the atlantic. senate democrats unveiled a billionaires tech proposal. annmarie hordern has the details. escalatin

he argues it's less addictive than tiktok and less raunchy than reddit because it's only the whipping it ran a study on itself. in other words, it's sin wasn't respective -- introspection. david sacks has come prepared to spar a little bit. i want to start here -- where do you think facebook gets a bad rap? david: first i want to challenge every aspect of this story, starting with the idea of the so-called whistleblower. what crime did she blow the whistle on? the term whistleblower was invented to describe an employee that blows a whistle on a crime. what facebook seems to have done a study the impact of its product on users, and, for that, they have become this whipping boy. what they have been accused of in terms of promoting divisive or polarizing content, isn't that every single night of cable news? in terms of promoting body image issues, isn't that the business of hollywood or the fashion industry and advertising? how is facebook uniquely to blame for any of these issues? all it seems to me as they studied it. that's basically the essence of what is unique. they studied the iss

this video was posted on reddit just four days ago.s don't seem to care if someone is watching. police believe most are the work of organized teams but now the city is offering an award with the help of a rental care company. >> we know the profit motivates what's happening in our city and we know fencing is the infrastructure that fuels all this work. >> the city also added 26 new officers in july. chief bill scott says most are patrol airing yas hardest hit by smash-and-grabs. >>> let's take a look at how bad things have gotten in san francisco. this year there's been 12,000 reportet break-ins. that's 18% up from last year. car break-ins have skyrocketed. >>> new incredible video of a volcano erupting in japan. you see it spewing plumes of ash several miles in the sky. it prompted japan's meteorological agency to issue warnings. so far no injuries or deaths have been reported. >>> well, from groceries to dinner to meal kits to anything else, the pandemic really accelerated our resilience on delivery services, but is what's being deli

so i'm looking at this reddit page called qanon casualties, stories of people who have gone down this qanon rabbit home, here's one that says i lost my mom to this qanon bull -- she talked about celebrities killing small children and drinking their blood. the saddest thing about all of this is how grounded in fear people are. we're all afraid. we are all unsure of what's going to happen tomorrow. where sit going to end? i have no idea. that's also really scary. qano is a digital age phenomenon. it turns out the paranoia that fuels q is as american as apple pie. >> > . >>> it was like haveing is a rockstar join the family. >> increasingly, her private success was making their relationship more difficult. >>> it's easy to think of conspiracy theories as something new. a byproduct of the digital age, the journalist anna merlin points out, this has happened over and over again in america? conspiracy theories tend to come to prominence more during times of social upheave am, social change, confusion of major world events, all of those things can lead to an environment where people's imagin

targets for cuts include tuition free community college and a shortening of the expanded child tax care redditnch of -- tax care credit extension. able kino -- a volcano in southern japan erupted. the bundesbank president stepping down from his post at the end of the year. a statement from the central bank says he submitted his resignation to the german president for personal reasons. the 53-year-old has been germany's central bank chief for more than a decade and is considered one of the more hawkish members of the european governing council. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. more than 120 countries. this is bloomberg. >> any other auto manufacturer who wants the same performance and range at the same price will have to lose money on every car sold. 3000 is our base case, not our bull case. jonathan: always fantastic to hear from cathie wood, the ceo and cio of ark investment, sitting down for the milken conference. alongside tom keene and lisa abramowicz, i'm jonatha

probably hit the nail on the head when he said you have to step back and recognize that it wasn't some reddit forum where this took place but the oval office. president of the united states espousing this. one of the things that i have been struck by i guess which was really personified in a piece from the iowa rally where trump spoke is trump did not back off this but what's happened is that the vast majority of the republican party is more comfortable with it. he was there last night with chuck grassley the elder statesman of the republican senate who at 88 is running. grassley put out a fairly blistering statement of trump conducted himself after the election. didn't vote for impeachment but here we are and trump's up there saying my election was stolen. this is the and mating cause of the day. chuck grassley is willingly and eagerly standing by his side to get the endorsement and says a ton about the state of the republican party and didn't go where tim miller of the world would have liked it to go and few people within the republican party willing to say enough. maybe only a handful. >>

. >> so now i'm looking at this reddit page called qanon casualties, stories of people who have goneown this qanon rabbit hole. here's one that says lost my mom to this qanon bull [ bleep ]. today she finally talked about celebrities killing small children and drinking their blood. the saddest thing about all of this is how grounded in fear people are. we're all afraid. we're all unsure of what's going to happen tomorrow. where is it going to end? i have no idea. that's also really scary. qanon is a digital age phenomenon, but nothing exists in a vacuum. as it turns out the paranoia that fuels "q" is as american as apple pie. ♪ i see trees of green ♪ ♪ red roses too ♪ ♪ i see them bloom ♪ ♪ for me and you ♪ ♪ and i think to myself ♪ ♪ what a wonderful world ♪ a rich life is about more than just money. that's why at vanguard, you're more than just an investor, you're an owner so you can build a future for those you love. vanguard. become an owner. (vo) this is more than just a building. it's an ai-powered investment firm with billion-dollar views. a cutting-edge data-security enterpri

two plus two equals four, and a few years ago people were like, no, that's five now, i saw it on redditthat. >> first of all, i think the viewers care about facts, a lot of the ones i hear from, but personally resonates with me, because we're here talking about here's what the evidence we know and what we don't know, and people you run into, and actually no one knows anything, that's why i can feel what i want tofl. and i'm, like, respect, i'm not here to tell you what to feel, but there are things that get known. if you don't know how to do them, right, you wouldn't go to someone who claims tore a heart surgeon because they said so, but they don't have the training. i think that's pretty straightforward. >> i know, but i mean, i think we have to listen to what -- says about the vaccine. we have to listen to what debate says about hiv, but that's how people are starting to think, that there is no -- there's no -- there's no boundary between news and entertainment now. i've even heard of new shows having comedians on. >> there's where he's going, and you're referring to some comments abo

it might be the hottest stock of the year amc getting a big boost from the reddit crowd and jumped wellr 1,000% over the improving box office brian sullivan is in los angeles for another first on cnbc interview with the company's chairman and ceo, adam aron. >> yeah, tyler, i was thinking about this interview and trying to plan and strategize and just gave up. because i don't know what to ask anymore. jim cramer says don't bet against adam aron. okay, but when i see a stock that's up almost 2,000% in a year, adam, i don't have a question what's it like to run that company and what's your message to the hundreds of thousands of small traders that have been trading your stock every day >> so actually what a wild ride amc has had since this pandemic hit. >> you think >> a year and a half ago we fought for our very survival in 2020 and we won that battle and in january of this year, we were able to say we made it. our business wasn't back we raised billions of dollars to survive and then this year, it's actually millions of retail traders have descended on amc. we have over 4 million stockh

ancillary industries cropping up to fill the need >> yeah, there's a huge need, carl, you go on the redditth coinbase and other exchanges out there. you see page after page of posts of people, desperate for help what to do in terms of getting cryptocurrencies back that they've lost a lot of people posting that they've seen their accounts drained. they don't know what to do or where to turn. one thing i would caution, though, you have to be careful in that market as well it seems like there are scammers at work as well, offering solutions here that might not be all they're cracked up to be so this is a dangerous area as well >> yeah. certainly, eamon, seems like there are risks at every turn. thanks for bringing that to us today. >>> a quick programming note, as we head to break, don't miss cnbc at work summit where executives from wi cnbcevents.com/worksummit. "tech check" is back in a moment in business, setbacks change everything. so get comcast business internet and add securityedge. it helps keep your network safe by scanning for threats every 10 minutes. and unlike some cybersecurity

so i'm looking at this reddit page called qanon casualties, stories of people who have gone down thisine -- qanon rabbit hole. here's one that says i lost my mom to this qanon bull -- she talked about celebrities killing small children and drinking their blood. the saddest thing about all of this is how grounded in fear people are. we're all afraid. we are all unsure of what's going to happen tomorrow. where is it going to end? i have no idea. that's also really scary. qanon is a digital age phenomenon. but nothing exists in a vacuum. as it turns out, the paranoia that fuels "q" is as american as apple pie. [humming] ♪ i'm paying them no mind ♪ ♪ hands to the sky, all mine and pardon when i shine ♪ ♪ hands to the sky, all mine ♪ ♪ woah, woah no ceiling woah woah good feeling woah woah ♪ ♪ i might send it up ♪ ♪ ♪ ♪ ♪ i can turn anyone into a beach bum. i bring families together for a living. i make memories for people i don't know yet. i know this view is too good not to be shared. i am a vrbo host. ♪ ♪ do you struggle with occasional nerve aches in your hands or feet? try nervivenerv

and the facts and the questions still out there about the ape investors in the wall street betts reddit we really want to know. google, apple, spotify, fox news foxnewspodcast.com. coming up, big cap versus small cap, wait until you see which one has overpowered the other. ♪ ♪ i promise - as an independent advisor - to put the financial well-being of you and your family first. i promise to serve, not sell. i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time, but all of the time. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com . . ♪ ♪ there are beautiful ideas that remain in the dark. but with our new multi-cloud experience, you have the flexibility you need to unveil them to the world. ♪ (rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito! - [announcer] bito, the first u.s. bitcoin-linked etf. liz: we need to look at coinbase right now. it got some love this morning from cit

reddit. >> dana: he doesn't surf the board. >> greg: people on tiktok are doing these of you. dana: this is terrible. i can't watch this. >> jesse: everybody died. >> greg: no. >> jesse: no one died. four or five cars got stuck on a railroad track and couldn't get freed before a massive amtrak train came flying by. no one was even seriously hurt. minor injuries. >> dana: incredible. thank goodness. >> jesse: his dog was shaken up. who hasn't been shaken up. amazing no one got hurt. you have got to watch the trucks. trucking shortage. one less truck. >> dana: but the survivor survived. >> jesse: amtrak. there you go. >> dana: anybody ever have a younger sibling that tried to play an instrument? my sister tried to play the trumpet. it was so horrendous. angie, i'm sorry, it's true. i found a picture of my face little video here is what i looked like when angie tried to play the trumpet. ♪ ♪ >> dana: my mom saying please make her stop. saxophone. >> jesse: got my younger pee and know lessons two years all she could play was hot cross buns. just burning money. >> dana: all right,

the top trending ticker on wall street bets reddit room will america with trump's planned media networkia platform. and there's news on the squid game, but it doesn't involve netflix. to gerri willis for today's fox business brief. >> reporter: hi, liz, that's right. net flex mega hit squid -- netflix hit squid game not enough to get via corp. over the earnings line. missed wall street's quarterly estimates due to supply chain disruptions and a resur resurgence of the virus at its asian factories. moderna given a sell rating and a price target of $245. the stock is up 380% over the it's year. walgreens and cvs are now offering vaccine booster shots after the cdc signed off on j&j and moderna jabs, and pfizer and biontech submitted results of a clinical trial to federal health regulators today saying their covid vaccine is nearly 91% effective in children a 5-11 years old. finally, beyond meat is plunging today after its revenue forecast for the fiscal third quarter, an unexpected loss of orders, weather issues and operational problems due to the delta variant. up next, the ceo of steel

short side with the 15% short interest and that has also made it a favorite of the main traders on reddit toy about it, he said he's read some of those spots and one of the things that's happening is people are understanding medicare and understanding its mission, but at the moment it's not necessarily giving the stock any leverage it's down 72% from its high in june, but we are in the middle of medicare open enrollment and they are doubling their footprint this year. take a look at the map they are now going to be in nine states and they are continuing to target those underserved areas, particularly in the south and they're expanding into mississippi this year. so they say they are continuing on their mission and they think longer term, this is going to prove right and investors aren't going to get it. carl >> some fantastic coverage today, bertha. whether it's google health or clover, that's bertha coombs thanks if you missed part of the show don't forget to follow the podcast. listen any time, anywhere wherever you listen to podcasts and "tech check" is back in a moment flexibility, bu

the great resignation there sure are a great many headlines about it plenty of reddit posts too on myhad joined in on the big quit and found some people question. it's happening at all. so is it real alicia cohen is an executive career coach. she says you betcha. some people are actually calling them pandemic epiphanies and career is absolutely one place where people are having those epiphanies. a lot of epiphanies the us bureau of labor statistics says about 3% of workers. quit their jobs in august an all-time high since records have been kept that means more than four million workers have walked out the door and that's been going on for months now. cherry milam back is one of them. actually do consider myself a part of the rate great resignation. yes, jerry changed careers when he left the bay area for the sierra foothills. he is now an executive recruiter a guy who tries to make the great resignation work for others. he says workers are looking for two things the jobs in the skill sets that are out there. they're gonna want to hire pay and in a bay area now that i'm in the foothill

one fan on reddit, posting quote the sound of his body hitting the chair is one i will never forget.to try and assist. but it was clear to me that he was no longer alive. san francis

there was one tech at reddit said what you're pitching is not true and it's unhealthy. rather undefensive stance you sort of address some of what you're hearing because that's interesting different than some elites. this is a question. how do you distinguish between motivating people to work hard and advocate themselves and not be hood winked online or by their employer to do more for sfles. >> first of all, with all due respect, i don't feel any anxiety towards it. if anybody takes a picture of this program, runs it back on their dvr and lets me finish the statements that i made in that edit, those -- those clips are fully out of context, right? like the cash is king speaks to how you pay your bills instead of fundraising, right? i think if you look carefully there, people say that they're going to be billionaires and don't work on weekends more people thrumping on social media and creating unhealthy relationships. i speak so much more about entrepreneurship. the thought if you and your editors decided to clip the thousands of times i've said nobody in my company shoul

from the qanon conspiracy theory reddit groups or whatever else they are.rever else they got this stuff, it flowed into the trump white house, it flowed from the trump white house to the justice department, and senior officials told federal prosecutors around the country, use the resources of your office to go chase this down. it's not the way the u.s. justice department is supposed to work. so now, now that we know the justice department did work that way under trump, what's the justice department going to do about? what is the justice department do with this new knowledge. that senior officials, up to the very highest levels of the department, attorney general, deputy general, they tried to use the department to do those kinds of fazed for trump, as trump was trying to fudge the election results and stay. empower what is you at the senior level of the justice department, use the powers of the justice department for that purpose. you can't be that you just get to leave and move on in the next person holds that job gets to, what try to get it? what is the j

today, has been halted multiple times it quadrupled yesterday, one of the top trending tickers on reddit'sng parabolic as well, soaring 1,000% before pulling back trump is expected to roll out a beta version of a new social media. it was said if you want to support trump there's better ways to dot. you have to be really careful with some of the stocks the way they're trading. >> you know, it was -- when i was first in this business, kelly, i was a very active day trader i did my first day trade a couple of years making money in this thing it has been wild i have never seen price action like this. i contracted a friend who is an active gambler and said what are the odds that trump wins the election after this and he said they went down half a percent. maybe they're starting to vote he is going to take on big cap tech trump twitter followers, 90 million. twitter is a 50 billion market cap, 200 users one-tenth is 20 million years with a 5 billion market cap. i think it is trading at about 3 billion right now. so certainly possibly justified. really interesting again, i have never seen trading

. >> totally all of the conjecture by the folks on reddit and twitter about the role that citadel played in somehow killing the shorts and forcing robinhood to do this and that, and melvin capital and this and that, and all of the this and thats were not even touched upon by this report and i think the implication is they weren't touched upon in this report because they were not true so i was -- i was disappointed because the report didn't even -- it didn't even seem to try to explain any of this, except to say this is how it is. the good news is, they did explain one thing that i thought was actually important because it was a complete misunderstanding in the world. if you remember, there was 140% short interest in gamestop and the reddit folks sat there and said this can't be right, this is manipulation, how can this be and the s.e.c. said this is exactly how it could be, this is normal, this makes 100% sense let's explain it to you. there were things in it that to me gave some -- >> when you look at the way options worked and how you get to that 140% number you can see it but the -- y

among those testifying 18-year-old whose mother's opposition to vaccinations lead him to post on redditnd without the aid of his paurnts and become a vocal vaccine advocate. he pointed out the irony that vaccines and preventing vaccines led them to dismiss the impact. the pandemic served as a startling public health lesson. even those who have experienced the loss of a family member or s friend due to covid suffered from prolonged social isolation and witnessed the economic devastation brought onat by the disease. at this point, it's clear that we each have a responsibility to stop the transmission of disease through vaccination, social distancing, public health measures toti ensure our collective health. i've witnessed many members of my generation take this to heart. volunteering for clinical trials. as we work to get an end to the pandemic, i hope we continue to focus on the need for the classroom so that in person learning can eerim continue. helping them catch up on routinl immunizations that were missed during then pandemic and expanding access to vaccinations. thank you. thank yo

it might be someone makes it as a joke and passes it to a friend of puts it on this reddit page and then it's in the kind of, it's a new kind of conspiracy disease vector in the kind of mind of the body politic. we will talk about it more but the internet certainly has allowed communities that otherwise communicated much more slowly to communicate much more rapidly and evolve much faster in a way that's kind of surprising and shocking. i and forcefully spend more time engaging with people on the internet that i definitely don't want meet in real life but, and it's shocking how fast these things can metastasize. >> one more question. >> so going to what you just said and also something that struck me as you were talking about the history of the illuminati and the breakup of the illuminati and how they becomes evidence kind of how they gather evidence and create argument toward the argument that they want to make, which made me think of the idea that in a conspiracy situation that there is no trusted source then because like you said your sources contaminated by people who want you to see

again, if we looked at, say, comet ping pong, which started on a reddit board, in november 4th. and november -- in a week it's become tv on fox news, where they are talking about where there is this allegation of a pedophilia ring underneath this pizza place in washington d.c., frequented by powerful politicians. who are democrats. links to john podesta's emails being leaked, in which they talk about pizza. because, my sense is, if you have a bunch of political volunteers, you buy them a lot of pizza. but people on the internet are like, he is saying pizza so much, you know that pizza is code for pedophile like sex with children. so that's what he's talking about. so whether the labs is, one person or group of people having an idea, and it may be a joke -- it maybe just for the. like they're playing a joke on someone. but it started on the internet, and now everyone has a interest in that, and they can now be part of that community. and it spreads to the point that, again, less than a month later, november 3rd, my guess is, outside of the six block areas outside comet ping pong,

there were posts on reddit and twitter titled "to the moon."an unusual phenomenon that wall street had never seen before, by the sec says evidence does not show that gamestop short covering was the issue and there was a small fraction of overall buy volume. and that the company's share price remained high even after direct effect of such short covering. you can see where this bike was in january, early february. year-to-date, gamestop, 888%. amc up better than 1900% year to date. what we've got is a report that says with positive sentiment and not the cover that sustained the weeks long price depreciation of gamestop stock. it also supports theories that there really was nothing wrong here. that the market showed resilience. as for the outrage that surrounded broker robinhood's decision to restrict trading in late january, they found there were many factors that warranted that at the time, such as margin calls that needed to put up more money. haidi: what did the report have to say when it came to the impact on hedge fund? su: that's another in

clients like citadel securities, no evidence that that's the conspiracy theory you will see on the redditsting things coming out of the investigation is that a robinhood top executive was also trading those meme stocks at the time. he is the president of robinhood. some of the stuff came out in private litigation, some of the shareholders are suing robinhood in a class action saying they were unfairly treated when they stop trading the main stocks. it came out during that that these lawsuits and the discovery that he actually traded, sold shares of amc, you know the movie theater chain, that's a big mima stock before stopping trading of amc during those tumultuous dates, pretty wild stuff and a couple things i want to point out as we reported yesterday the fcc is investigating trading and that doesn't mean he did anything wrong, but the timing obviously looks enough to investigate. what we hear from robinhood and people close to robinhood is two things, number when they don't believe he violated the law. that when he traded his stock, this is what i hear from sources close to robinhood is

you have your stock market investors, you have your young amc-reddit type investors, and then you havelot of them don't have experience in more tradition always. neil: yeah. they want a payday real fast. >> and it's volatile -- neil: very volatile. >> every 40 days there's a bitcoin correction. neil: not for the faint of heart. >> -- come in and buy the dip and, hopefully, make some money. neil: or not end up being a dip. lauren, thank you very much. lauren simonetti on that. meanwhile, a lot of concerns about how the holiday shopping season will sort out. we're telling you about the shortage of stuff urn your tree because of delays and disruptions and then, of course, we were covering the fact that we might not even have enough trees themselves to put gifts under. and now compounded by a shortage of chips that could make almost anything electronic look like a dream than a reality, grady trimble following it all in glenview, illinois. hey, grady. >> reporter: hey, neil. prices are going up and certain products are harder to come by. we're talking about pretty much anything with a digit

the facebook pages and reddit threads were full of fantasies about shooting people in the streets. us now, one of the most widely listened to, watched and respects journalist in the country. cara swisher, host of the podcast, sway and pivot. i've wanted to talk to you for so long about everything that's happened and i feel like we've been having the conversation for five years, what is wrong with facebook. but i'm wondering if you can help me understand what's happening at facebook right now. >> well, actually, it's really interesting because there's sort of a rebellion within the ranks. that's what happened with the whistleblower and others who are leaking things. former facebook people talking about rather significantly now and that hasn't happened before. so frances haugen has set off what has been clearly happening within facebook for months now, which is a real group of people who are sick and tired of what's happening within facebook and want to change it because they can't get their management to change it. >> i understand that they're so big they can't please everything, bu