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just really shady what robin hood's. doing in. now tearing down all these regulations and when where were those beforehand i think these are good tools i mean there's a good tools the power you know like financial power in the hands of the people in the hands of the little guy they're like robin hood robin hood is facing more than 90 federal lawsuits after restricting trading back in january but it does have an arbitration clause in its agreement that user sign agreeing to opt out of suing the company but if proven to be a proper class action lawsuit users may in fact be able to take action against a trading app that claims to support the average joe reporting for boom bust and hottest sweet r.t. . for more on this let's bring in boom bust co-host ben swan who is in mexico today and christy i join us from california christy let's start with you when it comes to this hearing focused on robin hood what is the senate banking committee trying to accomplish here. well the committee is here to basically evaluate the dangers of financial
just really shady what robin hood's. doing in. now tearing down all these regulations and when where were those beforehand i think these are good tools i mean there's a good tools the power you know like financial power in the hands of the people in the hands of the little guy they're like robin hood robin hood is facing more than 90 federal lawsuits after restricting trading back in january but it does have an arbitration clause in its agreement that user sign agreeing to opt out of suing the...
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Mar 14, 2021
03/21
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BBCNEWS
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robin hood's reason? the chief executive _ robin hood's reason?estified to _ robin hood's reason? the chief executive testified to congress | executive testified to congress they had run out of capital to meet requirements. in other words, they ran out of money. if you don't answer the hedge funds, — if you don't answer the hedge funds, millions of small platforms invest every day. then — platforms invest every day. then it _ platforms invest every day. then it fell back down to earth _ then it fell back down to earth. . ., ., , then it fell back down to earth. . ., �*, earth. the clue to robin hood's brandin: earth. the clue to robin hood's branding is _ earth. the clue to robin hood's branding is in _ earth. the clue to robin hood's branding is in the _ earth. the clue to robin hood's branding is in the name. - earth. the clue to robin hood's branding is in the name. i- branding is in the name. i trading up his idea had protected the rich, to some? it happened right in front of your face, they blatantly did it and nobody could say anything. we g
robin hood's reason? the chief executive _ robin hood's reason?estified to _ robin hood's reason? the chief executive testified to congress | executive testified to congress they had run out of capital to meet requirements. in other words, they ran out of money. if you don't answer the hedge funds, — if you don't answer the hedge funds, millions of small platforms invest every day. then — platforms invest every day. then it _ platforms invest every day. then it fell back down to earth _...
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Mar 17, 2021
03/21
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BBCNEWS
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the clue to robin hood's branding _ and 100s. the clue to robin hood's branding is - and 100s.d's branding is in the i and 100s. the clue to robin - hood's branding is in the name. and to some, they protected the ridge. it and to some, they protected the ridie. ., , , ridge. it happened right in front of your _ ridge. it happened right in front of your face. - ridge. it happened right inj front of your face. no-one ridge. it happened right in - front of your face. no-one can front of your face. no—one can say anything. that's when we were thinking, we give brands and companies a voice all the time, let's try and give the little guy a voice to something we are passionate about. you decided to — we are passionate about. you decided to fly _ we are passionate about. you decided to fly a _ we are passionate about. you decided to fly a plane over robin hood's offices in the bay area. ., , robin hood's offices in the bay area, ., , robin hood's offices in the bay area. . area. robin hood catching the brunt of this, _ area. robin hood catching the brunt of this, they _ area. robin hoo
the clue to robin hood's branding _ and 100s. the clue to robin hood's branding is - and 100s.d's branding is in the i and 100s. the clue to robin - hood's branding is in the name. and to some, they protected the ridge. it and to some, they protected the ridie. ., , , ridge. it happened right in front of your _ ridge. it happened right in front of your face. - ridge. it happened right inj front of your face. no-one ridge. it happened right in - front of your face. no-one can front of your face....
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Mar 14, 2021
03/21
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BBCNEWS
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robin hood catchin: the bay area. we did. robin hood catching the _ the bay area. we did.area. we did. robin hood catching the run of this, _ the bay area. we did. robin hood catching the run of this, they - catching the run of this, they created that irony for themselves. they cashed in on the ground image of democratising trading and making it that the average man can participate and play in this much bigger game than typically they had been closed out of and as soon as the little guy starts to actually win at some chips at the table, they have to shut down the game. {line win at some chips at the table, they have to shut down the game. one of the thin . s have to shut down the game. one of the things that _ have to shut down the game. one of the things that came _ have to shut down the game. one of the things that came up _ have to shut down the game. one of the things that came up time - have to shut down the game. one of the things that came up time and . the things that came up time and time again when talking to amateur investors is how much they relieved the financ
robin hood catchin: the bay area. we did. robin hood catching the _ the bay area. we did.area. we did. robin hood catching the run of this, _ the bay area. we did. robin hood catching the run of this, they - catching the run of this, they created that irony for themselves. they cashed in on the ground image of democratising trading and making it that the average man can participate and play in this much bigger game than typically they had been closed out of and as soon as the little guy starts...
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Mar 9, 2021
03/21
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CSPAN2
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eye 55
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>> i think it will be easier in the sense that robin hood raised a lot more capital and it's inspiring even more people to copy and launch trading platforms. the question is are regulators going to arbitrarilyto cut off that participation like they did by suspending trade and stocks that have previously been ignored by the market. if the regulators cap it and basically protect the deal flow for the existing incumbentsts, u know, than that is the real issue but i think it's incumbent upon people to find those alternatives and look, when you print another $2 trillion and i say print because it will all go into paper money but because when we say it let spent $1.9 trillion and in this case no one is lending us the money. that money is destroying the value of the other dollars. smart investors get that the reality is it's growing a wealth gap. while the people have more marketable securities and more disposablees income and less of their cash tied up for current consumption but to the extent that people can they have to keep up with this. they're moving their investments to things that can
>> i think it will be easier in the sense that robin hood raised a lot more capital and it's inspiring even more people to copy and launch trading platforms. the question is are regulators going to arbitrarilyto cut off that participation like they did by suspending trade and stocks that have previously been ignored by the market. if the regulators cap it and basically protect the deal flow for the existing incumbentsts, u know, than that is the real issue but i think it's incumbent upon...
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Mar 14, 2021
03/21
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FBC
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i don't even know anything about robin hood. robin hood. kennedy: no. as a fake choice.you really going with robin hood? i'm giving you a chance to change your mind. >> i'm going with robin hood. kennedy: you are wrong. [laughter] kevin and tied up now. >> who is robin hood? [laughter] kennedy: the original aoc. >> i don't know. >> it's a disney movie. [laughter] kennedy: why do we sound like for old ladies? what is a latte? [laughter] >> muppets in the balcony more than anything. [laughter] kennedy: kevin, i'll have to have a disclaimer and pay money for that. people say poverty is bad but in fact, poverty is good. the poorer people are, the more revolutionary they are. joe biden, the joker? >> mal. kennedy: how you like me brown cow. you are correct. a three way tie. as we move into around. i have a wife. i like women. how good is a kissable woman? who said this? joe biden, montana or nicola maduro. >> robin hood. [laughter] kennedy: you cannot answer for him. [laughter] >> i'm going to say joe biden. kennedy: no, it was maduro. you start off real strong. >> i fell off
i don't even know anything about robin hood. robin hood. kennedy: no. as a fake choice.you really going with robin hood? i'm giving you a chance to change your mind. >> i'm going with robin hood. kennedy: you are wrong. [laughter] kevin and tied up now. >> who is robin hood? [laughter] kennedy: the original aoc. >> i don't know. >> it's a disney movie. [laughter] kennedy: why do we sound like for old ladies? what is a latte? [laughter] >> muppets in the balcony...
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Mar 13, 2021
03/21
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BBCNEWS
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people using robin hood and --eole involved. people using robin hood and people who — involved. are not large - and people who are not large institutions are not registered financial— institutions are not registered financial professionals are a bigger part of— financial professionals are a bigger part of the — financial professionals are a bigger part of the market and i have ever been _ part of the market and i have ever been they — part of the market and i have ever been. they are about a quarter, 25%. but they— been. they are about a quarter, 25%. but they are — been. they are about a quarter, 25%. but they are still a small player, relative — but they are still a small player, relative to — but they are still a small player, relative to the biggest institutions, so when you see a price _ institutions, so when you see a price move _ institutions, so when you see a price move on from gamestop from $18 all up to— price move on from gamestop from $18 all up to $325, it is very unlikely that the — all up to $325, it is very unlikely that the only people that are buying and drivi
people using robin hood and --eole involved. people using robin hood and people who — involved. are not large - and people who are not large institutions are not registered financial— institutions are not registered financial professionals are a bigger part of— financial professionals are a bigger part of the — financial professionals are a bigger part of the market and i have ever been _ part of the market and i have ever been they — part of the market and i have ever been. they are...
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they're interested in saying what all is going on now christine there is an argument that wall robin-hood says that it has democratize finance that actually is not good for markets is that fair criticism. well actually the argument wasn't so much of that it's not good for the markets as more so that when robin hood democratize finance and made it so that basically anyone with a smartphone is able to trade the typical american is more harm than help by giving them an application that makes it so easy to trade with such frequency given their apparently lack of sophistication and financial knowledge needed to make these very informed decisions so the secondary argument is actually that these new interest
they're interested in saying what all is going on now christine there is an argument that wall robin-hood says that it has democratize finance that actually is not good for markets is that fair criticism. well actually the argument wasn't so much of that it's not good for the markets as more so that when robin hood democratize finance and made it so that basically anyone with a smartphone is able to trade the typical american is more harm than help by giving them an application that makes it so...
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Mar 16, 2021
03/21
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KNTV
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>> once you know that you can start looking at the broke rages out there. >> no apps like robin hoode it simple. they are getting in the game. >> they are offering different products that are more taylored to beginners now. that can be a great place to start. some companies let a computer algorithm invest your money. you can go old school. >> that is out there. typically going to pay more than that. >> they are likely your cheapest way to start. meeting an office adviser is likely the most expensive. he recommends asking what they are going to charge you. >> commissions, fees. >> if you want to complain about a financial outfit, we can recommend at the national level, you can complain to the financial regulatory authority. here in california, the department of financeable protection and innovation also takes investor complaints. we have links to all three on nbc bay area.com. just chick the responds option from the main menu. >> that is great work. jeff, amazing, jake was out $3,000. chris calls up, it's there, and sandeep, $30,000, that is good work and nice stho to have something o
>> once you know that you can start looking at the broke rages out there. >> no apps like robin hoode it simple. they are getting in the game. >> they are offering different products that are more taylored to beginners now. that can be a great place to start. some companies let a computer algorithm invest your money. you can go old school. >> that is out there. typically going to pay more than that. >> they are likely your cheapest way to start. meeting an office...
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to close this point their guns are said if confirmed he would look into retail trading at robin hood's handling of the game stop situation taking issue with the quote game with the cation of retail trading apps in your opinion how should he handle robin-hood schwab and all the other brokerage apps now that they have made trading accessible to everyone and basically so easy. sure look i'm not so sure that he should straighten the lower treated differently robin hood's and these other are does it lower the cost of trade really you know the 4 also into retail investors yes i'm sure you're going to get some sort of token legislation or regulations but i really don't think it's going to change the overall industry too much. do you believe that there is a problem with the game if occasion when you look at these retail apps in fact we i could just see that they were showing a promo of confetti flying out from a phone i mean that is the definition of game of acacia right there i mean do you think there's a problem in that regard. i'm sure look i think they're going to be a balanced approach wi
to close this point their guns are said if confirmed he would look into retail trading at robin hood's handling of the game stop situation taking issue with the quote game with the cation of retail trading apps in your opinion how should he handle robin-hood schwab and all the other brokerage apps now that they have made trading accessible to everyone and basically so easy. sure look i'm not so sure that he should straighten the lower treated differently robin hood's and these other are does it...
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sure look i'm not so sure that he should straighten the letter or treat anatomist differently robin hood and these other are done is lowered the cost of training but really no plan for also into retail investors yes i'm sure you're going to get some sort of token legislation or regulations but i really don't think it's going to change the overall industry too much do you believe that there is a problem with the game if occasion when you look at these retail apps in fact we i could just see that there we were showing a promo of confetti flying out from a phone i mean that is the definition of game of acacia right there i mean do you think there's a problem in that regard. oh sure look at their currency be a balanced approach with these investors are sort of new to the market and remember traditionally investors over. disclaimers so i think you're going to see something similar to that research into the market through the robin hood and other apps saying but again i don't think it's you that you see change because guys are fighting i think about what service they're on the transaction they
sure look i'm not so sure that he should straighten the letter or treat anatomist differently robin hood and these other are done is lowered the cost of training but really no plan for also into retail investors yes i'm sure you're going to get some sort of token legislation or regulations but i really don't think it's going to change the overall industry too much do you believe that there is a problem with the game if occasion when you look at these retail apps in fact we i could just see that...
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the brokerage app robin hood is back in the spotlight as the senate baking committee held a hearing on tuesday that called its business model into question while republicans have praised the app for its promise of 0 commission training that is meant to open the stock market up to anyone with a smartphone democratic committee chairman sherrod brown claims that firms like robin hood were founded on a model that exploits small investors by encouraging fast and loose trading and then sells their trades to market players this as robin hood faces nearly 100 lawsuits.
the brokerage app robin hood is back in the spotlight as the senate baking committee held a hearing on tuesday that called its business model into question while republicans have praised the app for its promise of 0 commission training that is meant to open the stock market up to anyone with a smartphone democratic committee chairman sherrod brown claims that firms like robin hood were founded on a model that exploits small investors by encouraging fast and loose trading and then sells their...
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Mar 11, 2021
03/21
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FBC
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>> i've never seen a robinette or his addict know anything about robin hood. robin hood.t is a fake choice. you and gary are still tied >> who is robin hood? safaris like the original aoc. i don't know. >> he was a disney version. he was deafly a fox and a disney movie. kennedy: auto sonic for a lady saying around question who was robin hood? what is a latte ♪ ♪ kevin going to have to put evidence claim or and pay money for it. people say poverty is bad but in fact properties good. the poorer people are, the more revolutionary they are. who said this, joe biden, the joker or. [inaudible] kennedy: mal. kennedy: now brow how you like me brown cowper you are on the board to three way tie everyone has a point of peace as we move into ground three per this is for gary. i have a wife, listen, i like women. how good is a kissable woman, right? who said this? joe biden, or nikolai may do note. [inaudible] [laughter] while. [laughter] 's before you cannot answer for gary, gary answers for gary. >> i'm going to say joe biden periods before know it was actually mcdougall. he started
>> i've never seen a robinette or his addict know anything about robin hood. robin hood.t is a fake choice. you and gary are still tied >> who is robin hood? safaris like the original aoc. i don't know. >> he was a disney version. he was deafly a fox and a disney movie. kennedy: auto sonic for a lady saying around question who was robin hood? what is a latte ♪ ♪ kevin going to have to put evidence claim or and pay money for it. people say poverty is bad but in fact...
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Mar 3, 2021
03/21
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BLOOMBERG
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you can look and i can tell you how much within every certain increment of time robin hood gets fromitadel securities and other brokers, other market makers. there are brokers that do not engage in this practice, so it makes you wonder why it exists in the first place. it does help make the fee lower for retail traders, so there is a benefit. but if you were to cancel, ban it, it would hurt a robin hood more than citadel securities, where there is probably order flows going there anywhere. what is not clear from these disclosures has how much you and i or an average person is getting in terms of a benefit from this happening. that is something that could easily be fixed in my opinion. emily: interesting. as president biden's financial watchdogs expand focus, how could that impact bigger tech? sonali: the interesting thing is that it did get raised and that is something that has been burning on the minds of everyone who covered finance with some people leaving goldman, going to walmart, fintech a going public and raising records, you can see it with the gentleman at the cpfb really ta
you can look and i can tell you how much within every certain increment of time robin hood gets fromitadel securities and other brokers, other market makers. there are brokers that do not engage in this practice, so it makes you wonder why it exists in the first place. it does help make the fee lower for retail traders, so there is a benefit. but if you were to cancel, ban it, it would hurt a robin hood more than citadel securities, where there is probably order flows going there anywhere. what...
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Mar 11, 2021
03/21
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BLOOMBERG
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we built robin hood to enable economic opportunity for everyone.veryone to have access to the capital markets, which has been one of the greatest wealth creation engines in human history. so i think what you are seeing now is a movement by individuals to participate and become a bigger and bigger force in the financial markets. emily: both of you are immigrants. you grew up in bulgaria, your parents worked at the world bank. how has that shaped your perspective? vlad: yeah, so i immigrated from bulgaria when i was five years old. obviously, when my family and i came to the u.s. in the early '90s, we were starting from nothing. my dad was a graduate student, my mom worked as a waitress and also in one of the few remaining textile plants in the u.s. at the time. had the experience of starting from basically nothing. also, in bulgaria in the mid-'90s, the financial system effectively collapsed. there was a period in 1997 where the bulgarian currency was going through hyperinflation, and you are seeing around 2000% annualized inflation. i think we have
we built robin hood to enable economic opportunity for everyone.veryone to have access to the capital markets, which has been one of the greatest wealth creation engines in human history. so i think what you are seeing now is a movement by individuals to participate and become a bigger and bigger force in the financial markets. emily: both of you are immigrants. you grew up in bulgaria, your parents worked at the world bank. how has that shaped your perspective? vlad: yeah, so i immigrated from...
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Mar 24, 2021
03/21
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KPIX
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robin hood drew a lot of attention during the game stop frenzy.he goal was to drive up losses for the big hedge funds that were betting against them. overall stocks slid today, the dell losing 300 points, and nasdaq down about one inch 150, and travel retail stocks took a head with covid restrictions put in place around the world. >>> it will be very springlike as we head into this we can. but it will feel more like a may weekend. in the short-term, sunny conditions tomorrow, temperatures a few degrees warmer and it will not be as windy. still pretty decent squeeze in the atmosphere, so there will be a breeze, just not as blustery. we will see another system is leaking by on thursday, but just some cloud cover. lots of sunshine as we look up from the salesforce tower, the highest gusts we've seen so far, 62 miles per hour. populated spots have not been quite that breezy, but still numerous gusts in the 30s and 40s, 40 at the top of the hour for san jose and they are gradually going to calm down, but still plenty of 20 to 30 miles per hour gusts ri
robin hood drew a lot of attention during the game stop frenzy.he goal was to drive up losses for the big hedge funds that were betting against them. overall stocks slid today, the dell losing 300 points, and nasdaq down about one inch 150, and travel retail stocks took a head with covid restrictions put in place around the world. >>> it will be very springlike as we head into this we can. but it will feel more like a may weekend. in the short-term, sunny conditions tomorrow,...
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Mar 9, 2021
03/21
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CSPAN
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the principles in that hearing, including folks from robin hood and reddit.d you learn from that hearing? guest: one of the things that made national attention was the dynamic of a reddit read -- read it spread -- reddit thread creating a long. versus wall street sing this company is going to be -- they were making a short. people on robin hood refitting of the story as the hedge fund billionaires will lose money to these smalltime investors. it captivated the public's attention. we dug down into the mechanics behind it. some of it is free speech. can you say on reddit what you could say on a bloomberg terminal or do you get a special status on bloomberg? as robin hood's ceo highlighted, the data traded creates an inherent problem that market participants benefit from. investors and companies trying to execute these trades would benefit from getting tutees -- there was a point where gamestop was shorted. you can't deliver -- gamestop was 140% shorted. you can't deliver 100 push 40 -- 140% of shares. there is it true market structure issue that needs to be add
the principles in that hearing, including folks from robin hood and reddit.d you learn from that hearing? guest: one of the things that made national attention was the dynamic of a reddit read -- read it spread -- reddit thread creating a long. versus wall street sing this company is going to be -- they were making a short. people on robin hood refitting of the story as the hedge fund billionaires will lose money to these smalltime investors. it captivated the public's attention. we dug down...
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Mar 24, 2021
03/21
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KGO
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robin hood did not disclose its size of its initial public office in . trading gets underway, we are up by 240 points at the new york stock exchange . >>> the covid-19 stimulus packages having a positive impact on the economy. researcher stay in february, the u.s. poverty rate was 11.2% down from 11.6% in november. if we look back at february 2020 before the pandemic, the rate was 10.7%. it fell to about 9% in may, thanks to federal aid. expert say the $2 trillion relief package signed this month will likely cause the poverty rate to drop again. >>> as bay area counties move into the orange deer, it may not be long before workers are asked to return to the office of. workers at cal say it's time to reinvent offices beyond partitions and spaced out cubicles. the changing workplace is the pillar of building a better bay area. now, concept for a mobile office that could be part of our future. joke at the clock is ticking for workers to return to the office, we seen ideas to make workspace safer. this is a concept wort orplex such as these looked at washingt
robin hood did not disclose its size of its initial public office in . trading gets underway, we are up by 240 points at the new york stock exchange . >>> the covid-19 stimulus packages having a positive impact on the economy. researcher stay in february, the u.s. poverty rate was 11.2% down from 11.6% in november. if we look back at february 2020 before the pandemic, the rate was 10.7%. it fell to about 9% in may, thanks to federal aid. expert say the $2 trillion relief package signed...
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Mar 1, 2021
03/21
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CSPAN
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that's the goal of robin hood. then you need people to actually vote the shares.s don't do that. we used to get the big paper, now you get the males and everything else. it's important to vote the direction of the company because in the absence of that, the left is voting it. they are steering the direction of this company and they put captured -- pressure on the management teams to go towards this code out there. >> there is so much has -- hypocrisy involved as well. they take these public stances that seem to align the themes that are running their businesses in what the progressives would consider to be -- disney for example filled -- filmed a remake to concentration camps. why exactly are the companies able to get away with this? how can they have one public stance while their business practices go against what they are preaching and no one seems to care? >> i am a small business owner. i am one of the few in congress who owns a business and i employ hundreds of people in texas. the fact of the matter is, a lot of businesses especially main street, main street
that's the goal of robin hood. then you need people to actually vote the shares.s don't do that. we used to get the big paper, now you get the males and everything else. it's important to vote the direction of the company because in the absence of that, the left is voting it. they are steering the direction of this company and they put captured -- pressure on the management teams to go towards this code out there. >> there is so much has -- hypocrisy involved as well. they take these...
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Mar 26, 2021
03/21
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CNBC
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were you following it because you are a trader on robin hood and were you talking to other guys in the are tradin trading stocks more than maybe they have before because it literally became a thing to do during the pandemic? >> yeah, you know, i got in on gamestop pretty early. i got in back in 2018 when it was about $13 a share, when it got to 380 i got out there are a number of guys in the national football league who have been trading for sometime i think, you know, that squeeze brought more people to kind of understanding what was going on, but, you know, i would say that it is something that people talk about, you know, in the locker room from time to time it is something that guys are starting to see that there's an opportunity to have some wealth creation within the market. >> interesting i have got, you know, what i call my investment committee alongside me today i want to bring steve weiss in steve, you know, he says, kelvin does, he loves cloud companies i don't think you own necessarily the ones that he does, you know, digital ocean, which is cloud infrastructure. he mention
were you following it because you are a trader on robin hood and were you talking to other guys in the are tradin trading stocks more than maybe they have before because it literally became a thing to do during the pandemic? >> yeah, you know, i got in on gamestop pretty early. i got in back in 2018 when it was about $13 a share, when it got to 380 i got out there are a number of guys in the national football league who have been trading for sometime i think, you know, that squeeze...
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Mar 24, 2021
03/21
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KPIX
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. >>> robin hood has filed for an initial public offering.e trading platform filed paperwork with the security and exchanges commission. ard coulding to multiple report itself will list shares on the nasdaq. robin hood is not out of the woods with regards to that trading frenzy as it faces lawsuits over restricting trading in january. >>> so you and i -- we both work the morning shift. we know what a good night's sleep is, what we don't know what a good night's sleep is all about but apparently teenagers do. >> i know. yes. more than two thirds of adults say they haven't had a night of good sleep since they were a teenager. according to a new one poll survey they said they logged an average of five hours of sleep a night. 38% cited college as the turning point while 15% said that becoming a parent induced the sleepless nights and i can attest to the becoming a parent part and of course the hours. >> i became a parent 21 years ago. i haven't had a good night's sleep at least since then. >> i have heard it doesn't change. i have heard. >> it do
. >>> robin hood has filed for an initial public offering.e trading platform filed paperwork with the security and exchanges commission. ard coulding to multiple report itself will list shares on the nasdaq. robin hood is not out of the woods with regards to that trading frenzy as it faces lawsuits over restricting trading in january. >>> so you and i -- we both work the morning shift. we know what a good night's sleep is, what we don't know what a good night's sleep is all...
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Mar 26, 2021
03/21
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CNBC
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a first in the space, but robin hood is not far behind starting though with wework, deirdre, there wasof wework. including from me, us on the show months ago, but i'm trying to figure out if this is a better idea at a lower price tag now. especially because so many companies are trying to figure out this hybrid existence, maybe don't want to make a full commitment to their own office space. this could make a different kind of sense now, depending on the financial position that wework is in coming out of this. >> yeah, $9 billion is a much lower valuation than softbank paid for, more than $40 billion valuation. i think you're right i think it raises questions about the spac space i would note that bowx, bow capital, was looking for an internet company in the tmt space and they took on wework. is wework still a tech company, we'll talk about that and more but facing, wework facing scrutiny this week dorsey and zuckerberg testified on misinformation and amazon is in hot water that revealeded some workers have peed in bottles to meet package quotas a tech investor, inside.com founder, i'm
a first in the space, but robin hood is not far behind starting though with wework, deirdre, there wasof wework. including from me, us on the show months ago, but i'm trying to figure out if this is a better idea at a lower price tag now. especially because so many companies are trying to figure out this hybrid existence, maybe don't want to make a full commitment to their own office space. this could make a different kind of sense now, depending on the financial position that wework is in...
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Mar 16, 2021
03/21
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FBC
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summer trying to take advantage including robin hood which is currently promoting and de facto give usyou know mark, yet i yet love the young adults taking the spending and instead of spent spinning out having a party and buying something they don't need, the putting it to work. what is your thoughts on this. >> that is discipline right there. so you have the joke about the mailman son, that is literally made. my dad worked for the post office pretty. mark: moments homemaker i did not get a head start. it was not thinking about stocks of the young age. my first investment ever was baseball cards and i'm they were going to increase in value. but when i need to be her money in college, there's actually no market for them. so my first lesson that i learned investing was illiquidity. so this is a great opportunity for young adults. this is a very unique an incredible opportunity and really did better not blow it because what is happening is easy and adults are getting a taste of capitalism and taste of success. and for a lot of people charles, went to the taste, you want more. so don't blo
summer trying to take advantage including robin hood which is currently promoting and de facto give usyou know mark, yet i yet love the young adults taking the spending and instead of spent spinning out having a party and buying something they don't need, the putting it to work. what is your thoughts on this. >> that is discipline right there. so you have the joke about the mailman son, that is literally made. my dad worked for the post office pretty. mark: moments homemaker i did not get...
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Mar 11, 2021
03/21
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FBC
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you can see it from the robin hood downloads. it's fascinating. neil: thank you.s, always good to have you so thank you very much. we are waiting for the president to sign off on the stimulus but i'm wondering about what charlie was just raising, the thought that comes with this, the stimulus, federal reserve plan to buy notes and bonds and keep them low, what you think? >> thank you for having me. it's highly unusual, obviously and i think somewhat concerning, i think we've signed congress is appropriated five to 6 trillion dollars for the pandemic and fallout from the shutdowns. [inaudible] that's more money than the higher federal government can, not 405 -- [inaudible] the entire budget we've added to the budget more than we've spent in 2018. this is an extraordinary spending exercise and i understand congress has its i set on lower spending. spending is not free. i'm worried congress, we were in physical trouble before and now i don't know how, i think they will step up but over $2 trillion since last year about appropriations so i am worried that this is out
you can see it from the robin hood downloads. it's fascinating. neil: thank you.s, always good to have you so thank you very much. we are waiting for the president to sign off on the stimulus but i'm wondering about what charlie was just raising, the thought that comes with this, the stimulus, federal reserve plan to buy notes and bonds and keep them low, what you think? >> thank you for having me. it's highly unusual, obviously and i think somewhat concerning, i think we've signed...
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Mar 30, 2021
03/21
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CNBC
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a lot of the people who brought robin hood bought these kind of aggressive growth stocks that are theare really getting crushed. they seem to get crushed every time interest rates go up, carl. these portfolios are just getting rocked >> that sort of -- for some it remains a long-term bullish narrative, the idea that institutions have not run into those epicenter names you talk about because they're read into long-term growth and faang but once they make that turn, that's going to be an explosive move as well >> well, look, i happen to think that robinhood people -- i don't want to say they're here to stay some of them have already reached the stage of acceptance in terms of their grief. but there are plenty of -- a lot of capital and they get the stimulus checks but they have to be a little more circumspect about let's calm the kathy wood. i mean, a lot of these people do not have an appetite for loss, and when they're riding high, it was terrific now they have to hunker down a lot of them are in stocks. they're in the twilios and door dashes and zooms i'm not saying they're forever o
a lot of the people who brought robin hood bought these kind of aggressive growth stocks that are theare really getting crushed. they seem to get crushed every time interest rates go up, carl. these portfolios are just getting rocked >> that sort of -- for some it remains a long-term bullish narrative, the idea that institutions have not run into those epicenter names you talk about because they're read into long-term growth and faang but once they make that turn, that's going to be an...
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Mar 4, 2021
03/21
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CSPAN2
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i sometimes think the robin hood structure with somewhat similar to the facebook structure i'm not sure if you're a customer of robin hood, whether you are a customer or product come somewhat similar to the users of facebook are often used this product rather than as actual customers. we've seen in the last year close to $6 billion aid to to brokers to route transactions through specific venues at the post and really getting the best execution price for customers. i think that dramatically disadvantages retail investors. when you get confirmed what would you be able to do to look at this issue? >> senator, i think the technologies have raised very important policy issues on how we continue to promote efficient, fair, and orderly markets. and what we found is you named a collection of things but i think we will with the excellent staff look at market structure and the equity markets around payment border flow and, frankly, just a couple of handful of financial firms are buying most of the retail flow in america. i think it raises a question of new challenge about just as you mention face
i sometimes think the robin hood structure with somewhat similar to the facebook structure i'm not sure if you're a customer of robin hood, whether you are a customer or product come somewhat similar to the users of facebook are often used this product rather than as actual customers. we've seen in the last year close to $6 billion aid to to brokers to route transactions through specific venues at the post and really getting the best execution price for customers. i think that dramatically...
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capitol hill we'll tell you what the senate had to say about the future of popular training up like robin hood was told really challenge out there having a 9 month low as the u.s. dollar and treasury yields are treated so what does it mean for ongoing concerns over and play shit vent the u.k. is being for.
capitol hill we'll tell you what the senate had to say about the future of popular training up like robin hood was told really challenge out there having a 9 month low as the u.s. dollar and treasury yields are treated so what does it mean for ongoing concerns over and play shit vent the u.k. is being for.
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capitol hill we'll tell you what the senate had to say about the future of popular training out like robin hood. told greentown the after hitting a 9 month low as the u.s. dollar and treasury yields are treat so what does this mean for ongoing concerns over in play shit then the u.k. is being praised for its exact same role as the bank of england says it is cautiously optimistic that a road to recovery could be just around the corner we have a lot of to get soon so let's get started. the brokerage operad been hood is back in the spotlight as the senate banking committee held a hearing on tuesday that call this business model into question bob republicans have praised the out for its.
capitol hill we'll tell you what the senate had to say about the future of popular training out like robin hood. told greentown the after hitting a 9 month low as the u.s. dollar and treasury yields are treat so what does this mean for ongoing concerns over in play shit then the u.k. is being praised for its exact same role as the bank of england says it is cautiously optimistic that a road to recovery could be just around the corner we have a lot of to get soon so let's get started. the...
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has been no other sectors that have had as many hoops to jump through as financial startups like robin hood or ben the financial space is the most regulated industry already and that type of innovation so if you're requiring some little tiny startups to say have the legal bill to deal with something as heavy as a car. as a vacation to satisfy regulators and that's why it's dollars wasted on what could have been used for r. and d. and deployment so most studies chris don't start of don't have spare cash to burn like that so now this bill an additional regulation that will only start to hurt the industry well that's an excellent point there and something about that yeah sure i had. to christie's point and i think she's a she's spot on what she's saying keep in mind that the point of an ice c.e.o. this initial point offering concept was literally created to get around exactly that barrier to entry that she's describing yeah absolutely when it comes to the tech space it's very difficult and the reality is. if you look at them aside from that listen there are some that are absolutely scams but i
has been no other sectors that have had as many hoops to jump through as financial startups like robin hood or ben the financial space is the most regulated industry already and that type of innovation so if you're requiring some little tiny startups to say have the legal bill to deal with something as heavy as a car. as a vacation to satisfy regulators and that's why it's dollars wasted on what could have been used for r. and d. and deployment so most studies chris don't start of don't have...
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Mar 14, 2021
03/21
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BBCNEWS
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# see, i'm a modern day robin hood # i'm just a man of the people, make sure it's understood # see. —am # and i ain't never going to change or do switch up hello there. it's been a dry and quite sunny start for the day in central and eastern areas but already across the west and northern ireland the rain is marching in, it's reached the western fringes of mainland uk and that will continue to progress further south and east, so the sunshine fading with the arrival of the the higher cloud although the rain may take until late afternoon to reach east anglia and the south east. by that stage perhaps drying a little for northern ireland, perhaps escaping the rain across the north—east of scotland with some sunshine but with the brisk north—west wind it will temper the feel of things. 9 to 12 our highs. actually, that wind will push that rain away as we go through this evening and overnight. anotherfairly chilly night with some rural frost around, but perhaps just enough breeze just enough breeze and cloud to prevent it being widespread because already by morning the next area of rain and
# see, i'm a modern day robin hood # i'm just a man of the people, make sure it's understood # see. —am # and i ain't never going to change or do switch up hello there. it's been a dry and quite sunny start for the day in central and eastern areas but already across the west and northern ireland the rain is marching in, it's reached the western fringes of mainland uk and that will continue to progress further south and east, so the sunshine fading with the arrival of the the higher cloud...
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nail right that those stimulus checks a lot of it being held by the major banks kind of like in a robin hood way your front running your trade so i think they know before they released the money to you that you're going to mostly go and you know speculate in the stock market so they're going to front run all your trades so again of course like like we haven't. sieved any stimulus ever in this whole pandemic and we won't but our stock portfolio or house price has gone up far far more than any of the stimulus so that's the way this unfair system works of course right you know how back in the day the eighty's and early ninety's there was a term herd often called check kiting check kiting could have people adi was busted . they in turn went out of business or bought out that was a stock brokerage yeah yeah and so what they did after they got rid of the competition peter peabody they may check kiting legal and that's check kiting so the government sends the money to the banks the banks check the sun surely they as you point out they use the money 1st they front run everybody else so a lot of this
nail right that those stimulus checks a lot of it being held by the major banks kind of like in a robin hood way your front running your trade so i think they know before they released the money to you that you're going to mostly go and you know speculate in the stock market so they're going to front run all your trades so again of course like like we haven't. sieved any stimulus ever in this whole pandemic and we won't but our stock portfolio or house price has gone up far far more than any of...
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the most leverage possible thing you can possibly trade and this is a common trade now for the robin hood crowd and elsewhere and you know as far as the y. more republican hyperinflation goes i mean this is a crack up boom this is a minsky moment this is what's been predicted by austrian economics this is exactly what you'd expect when you throw all the laws of economics out the window and you just kowtow to the geese quacking for more money where we want more free money and to speculate as and they and they're just avoiding the dollar like the plague as they should but you know this doesn't end well you know it's never ended well throughout history i mean we covered that back in 20082009 during the beginning of the financial crisis one margin debt was down here and the best performing stock market was in bob way and they were printing money they would jump to the trillions of dollars that this way dollar so they were performing their stock market was also performing very well but in terms of how bad it gets because you know that kind of puts the fed and the treasury into a bind because t
the most leverage possible thing you can possibly trade and this is a common trade now for the robin hood crowd and elsewhere and you know as far as the y. more republican hyperinflation goes i mean this is a crack up boom this is a minsky moment this is what's been predicted by austrian economics this is exactly what you'd expect when you throw all the laws of economics out the window and you just kowtow to the geese quacking for more money where we want more free money and to speculate as and...
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Mar 13, 2021
03/21
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BBCNEWS
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# see, i'm a modern day robin hood # i'm just a man of the people, make sure it's understood # see, i cream # just a man with a team trying to achieve my dream # so bleep the haters, - i'mma see you in the afterlife # i'll be kicking bat with the gods smoking half a pipe # and i ain't never going to change or do switch up # anybody hating on my name bleep — # biggy is the name, killing all the game, # k—killing all the # all you brothers sound the same # biggy is the name...# here is your life saturday weather update and it is windy out there. well, you don't need me to tell you that. it may help to know that next week is looking calmer and drier but for now the biggest waves are sitting on some of the western coasts and on that when this is the latest radar picture and plenty of showers moving west to east end hits of white on this higher ground, sleet and snow falling as well in little bits of northern britain, beefing up the showers across parts of scotland and weather fronts will bring more widespread rain our way into tomorrow. the best of the sunshine this afternoon. many places
# see, i'm a modern day robin hood # i'm just a man of the people, make sure it's understood # see, i cream # just a man with a team trying to achieve my dream # so bleep the haters, - i'mma see you in the afterlife # i'll be kicking bat with the gods smoking half a pipe # and i ain't never going to change or do switch up # anybody hating on my name bleep — # biggy is the name, killing all the game, # k—killing all the # all you brothers sound the same # biggy is the name...# here is your...
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Mar 19, 2021
03/21
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BBCNEWS
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# see, i'm a modern day robin hood # i'm just a man of the people, make sure it's understood # see, it a man with a team trying to achieve my dream # so bleep the haters, - i'mma see you in the afterlife # i'll be kicking bat with the gods smoking half a pipe # and i ain't never going to change or do switch up # anybody hating on my name bleep — # biggy is the name, killing all the game, # k—killing all the # all you brothers sound the same # biggy is the name...# very little change to the weather for friday and the weekend. generally dry and there will be some sunshine, particularly across central and what got them. some colder air across the south—east of england, so here it going to be chilly, but ba will be dry so we should do some sunshine. best of the sunshine across the north, scotland, northern ireland and western wales. chilly across the east and south—east. similar story on saturday, a lot of cloud, the best sunshine in the use of scotland and north—east england. the weather front will bring wet and windy weather to the northern isles and the final full scotland. could be 13
# see, i'm a modern day robin hood # i'm just a man of the people, make sure it's understood # see, it a man with a team trying to achieve my dream # so bleep the haters, - i'mma see you in the afterlife # i'll be kicking bat with the gods smoking half a pipe # and i ain't never going to change or do switch up # anybody hating on my name bleep — # biggy is the name, killing all the game, # k—killing all the # all you brothers sound the same # biggy is the name...# very little change to the...
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Mar 13, 2021
03/21
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BBCNEWS
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# see, i'm a modern day robin hood # i'm just a man of the people, make sure it's understood # see, i # just a man with a team trying to achieve my dream # so bleep the haters, - i'mma see you in the afterlife # i'll be kicking bat with the gods smoking half a pipe # and i ain't never going to change or do switch up # anybody hating on my name bleep — # biggy is the name, killing all the game, # k—killing all the # all you brothers sound the same # biggy is the name...# hello. after what's been a blustery week, the weather is going to take a little while to calm down. so, it stays quite windy through this weekend, certainly had first. there'll some spells of sunshine, but also some heavy showers. persistent rain clearing away eastwards through the first part of saturday morning. then it is a sunshine and showers day. the showers most plentiful across western and northern parts, some heavy with hail and thunder. some of the showers wintry over high ground in the north. the strongest winds will be across england and wales, where we could see gusts in excess of 50 mph in exposed places.
# see, i'm a modern day robin hood # i'm just a man of the people, make sure it's understood # see, i # just a man with a team trying to achieve my dream # so bleep the haters, - i'mma see you in the afterlife # i'll be kicking bat with the gods smoking half a pipe # and i ain't never going to change or do switch up # anybody hating on my name bleep — # biggy is the name, killing all the game, # k—killing all the # all you brothers sound the same # biggy is the name...# hello. after what's...