what is robin hood and why did you take the job? gov.oore: it's one of the nation's largest poverty fighting organizations. it started over 30 years ago and it started with an initial idea of saying what if you could take analytics and data, the same way we take analytics and data when we are making trading decisions and we are buying companies, and put that toward the poverty fight? david: after four years at robin hood, you decide to run for governor of maryland never having run for anything else before. did you think you had a chance? gov. moore: the data didn't show i had a chance. i was polling 1% in our first pole. it is true. literally i am not voting was poling higher than wes moore. i was running against statewide elected officials, the former head of the dnc, two cabinet secretaries. one of the people i was running against was on my board at robin hood, which made board meetings awkward. i had people who were seasoned at this. but i think what resonated with people is that i don't come from a political background. i don't come

we begin with you on robin hood. >> yeah scott.ll about increased market activity that's really expected to show up prominently in. robin hood's results. retail trading activity has surged after the presidential election. so watch transaction. >> based. >> revenue for robin hood. investors want to see the breakdown as well between equities options and then crypto, which has been contributing a bit more lately. and we will see which adds the most to the bottom line. crypto has become a larger part of the business. it's likely to be boosted in the quarter by bitcoin's all time highs. and then look for some guidance around net interest income and the rate environment, plus more clarity on robin hood's plans in sports gambling after its super bowl contracts were pulled. last minute. account growth and assets under management are also going to be key. robin hood has been offering incentives for investors to transfer out of other brokerage firm stocks, up about 350% in the past year, 40% just this year. so expectations pretty high going

one of the people i was running against was on my board at robin hood, which made meetings awkward. had people who were seasoned at this. i think what resonated with people is i don't come from a political background. i don't come from a political family. i don't do the politician thing. i don't do the partisan thing. i just focus on results and meeting people where they are and i think that resonated. david: you get elected governor. do you say i'm really happening i'm the governor? -- do you say i'm really happy now i'm the governor? you took the job, the first day did you realize the responsibilities were greater or not that difficult? gov. moore: it is a hard job but also there were things we inherited we did not anticipate. i remember coming in and being able to read reports about the fiscal crisis we were about to inherit. we are currently navigating the worst fiscal crisis maryland has seen in 20 years and it has been predicted since 2017. the problem was, it wasn't dealt with because it was covid money and it kept masking the obstacles and the fact our business model in the

david: after four years at robin hood, you decide to run for governor of maryland never having run fornything else before. did you think you had a chance? gov. moore: the data didn't show i had a chance. i was pulling 1% in our first pole. it is true. literally i am not voting was poling higher than wes moore. i was running against statewide elected officials, the former head of the dnc, two cabinet secretaries. one of the people i was running against was on my board at robin hood, which made board meetings awkward. i had people who were seasoned at this. but i think what resonated with people is that i don't come from a political background. i don't come from a political family. i don't do the politician thing. i don't do the partisan thing. i just really focus on results and actually meeting people where they are and i think that resonated with folks. david: you get elected governor. do you actually say i'm really happy now i governor? am you took the job, the first day you were sworn in did you realize the responsibilities were greater than you thought were not that difficult of a j

after hours of details out of cisco, robin hood and reddit ahead. plus chevron slashing its global workforce. the oil giant is planning to lay off up to 20% of its headcount as it looks to cut billions in costs. what it all means for the company going forward. do not go anywhere. fast money is back in two. >> this is fast money with melissa lee right here on cnbc. >> in a world of uncertainty and disruption, how will your investments stay resilient? we've been navigating change for 125 years, always looking forward, anticipating risks and trusted to manage over $1 trillion in assets worldwide. solving for the needs of investors today and tomorrow. that's the power of nuveen. >> what if you could tackle your dog's itching, soft stools and low energy? millions of pet parents are raving about doctor marty. nature's blend. such a huge difference in your health. >> more energy. >> more playful. >> no more. pooping issues. >> i'm doctor marty. >> i've been. >> a veterinarian. >> for more than. >> 50 years. the dangerous. >> ingredients added to. >> many p

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robin hood announcing today it is dropping plans to offer betting contracts on the super bowl.omes after the commodity futures trading commission raised concerns about their legality. robin hood says the 1% of customers who already place trades will be allowed to either close their positions or take them to a resolution. 15.4 million people watched the grammys on sunday night, according to nielsen. viewership was down nearly 10% from the year before, snapping a three year streak of ratings growth for the awards show. grammy producers said they did not expect to see record breaking ratings as they scaled back marketing for the awards in the wake of the los angeles wildfires. kelly, i'll send it back to you. >> all right, leslie, thanks very much. shares of merck are getting crushed today on pace for their worst day since 2021. despite posting a top and bottom line beat last quarter guidance. the issue. the company saying it's going to temporarily halt shipments of gardasil vaccine to china after lower demand there. joining us now is guggenheim securities biopharmaceutical analys

we're talking, like, robin hood kind of wilderness at this point, charlie -- are. chardonnay hillary wilderness. [laughter] >> ah, yes, that's better, rachel. touche. maybe it's me, but that kind of sounded like a threat. that sounds like a call to black lives matter p antifa, and it's reminiscent of maxine waters with that potentially dangerous rhetoric, immothering democrat supporters to get up in the faces of min who's a member of the trump administration, remember that during the first term in and it actually happened. just ask rand paul, for example, or cory booker or even joe biden saying they would physically attack donald trump if they had the chance x they did so on national television. there was a poll out this week, quinnipiac, i believe, that showed the democratic party has never been this unpopular in the history of their polling. just 311. think about that. /311%. less than one-third of americans approval of the -- approval of the concern approve of the democratic party. they just got spanked in the last election, and they have no power in the house,

we know the story of robin hood. on the other hand, mr. vought is a robber baron who wants to steal the tax dollars of hardworking americans to line the pockets of trump's billionaire buddies. the robber baron. at the end of the day trump, vought, and all their cronies have just one goal, giving huge tax cuts to billionaires on the backs of working people. we have been repeating this. why? because how the heck are they going to do this otherwise, except on the backs of working people? their plan to do so is simple. first, they will get programs working families rely on, things like nutrition assistance, education funding, and medicare and medicaid. then they'll borrow trillions of dollars and run our country deeper into debt, just what they did the last time. finally, they'll give massive tax breaks to billionaires, leaving the american people to foot the bill. their plan is clear. they wrote it all down. this is project 2025. project 2025, the 900-page plan russell vought helped to mastermind, filled with all sorts of terrible ideas for o

and speaking of robin hood, we will speak with ceo vlad tenev later this hour.pplovin, though? because that was the biggest winner of last year. up what, 700% or so, adding another 30. so this. >> has been an. >> interesting sort of tale of two stories. that's going to get a lot simpler now, because what we learned in the earnings is that they're going to spin off their apps business. they had all these gaming apps, but it's the it's the advertising business which has been. the moneymaker and why the stock has gone up like that. so now they've officially confirmed they've got a buyer for the gaming apps, and they're going to focus on this ai powered ad business, which just continues to grow. and it's why it's a moonshot. >> absolutely. the common thread among these is obviously earnings momentum is at the base of it. when it looks robinhood dutch bros applovin some higher than than average short positions because people always want to take the other side of these high momentum names. and then just something thematic that's going on that feels like it's a longer

>> if you're only maxing out a 401 k, you could add a robin hood ira with a 3% contribution boost. >>er that. craig here pays too much for business wireless. so he sublet half his real estate office... to a pet shop. there's a smarter way to save. comcast business mobile. you could save up to an incredible 70% on your wireless bill. so you don't have to compromise. powering smarter savings. powering possibilities. switch and save with comcast business internet and mobile. find out how to pre-order and get the new samsung galaxy s25+ on us with a qualifying trade in. call, click or visit an xfinity store today. >> it's a premium shaving experience without the premium price tag. >> go to. >> harry's dot com. >> slash tv to claim. >> your $5 trial. >> welcome back. >> have i got news for you returns february 15th on cnn. closed captioning brought to you by. book.com. >> if you or a loved one have. >> mesothelioma. >> we'll send you a free book to. answer questions you may have. call now. >> and we'll. >> come to you. >> 800 821 4000. >> the wall street journal's editorial board, doubling

it's simply that this reverse robin hood. >> has been taken. place by republicans for a long time. >> everybody enjoyed tax cuts. >> the question is, how do you make them. >> fair? >> and there's been nothing. >> fair about these. tax cuts. >> now, i have not read. thoroughly the contours of this budget. that we are supposed to be seeing in a few minutes. but from what i've. >> seen. >> we are talking about. a trillion and a half dollars in tax cuts. and then you're talking about preparing to give another big tax break to multi-millionaires. now all of these so-called matthew 25 christians that operate in this place, this doesn't seem as if it's a fulfillment of doing for the least of these. we are doing much more for the wealthy, the wealthiest among us. and that's what is going on with this budget. and that is just unfair. it's not the american way. and i just think that we ought to really take a hard look at what comes before us. >> you mentioned possible cuts to medicaid. what are your concerns there? >> well, my concerns are about certainl

goldman sachs robin hood by the way with a new 52 week high today in the etf.hy is momentum do you think performing so well i. >> think there's. >> a lot of reasons. one is that these are the companies. they're not all the mag seven right. and i think there is. >> far from it. there's it's so dispersed. i mean, insurance retail finance. >> and that's what i think. like there's actually still capital that can rotate into these names. and that's why the momentum has been going. i also think that there's part of the market that just that's how they invest. what's going up will continue to go up. and a lot of these names have had really good earnings and are hitting on some specific needs, like a consumer that needs cheaper products. for example, in walmart, you know, banks are probably not going to get as much regulation as they maybe once were going to expect. and then also, you know, the spread between tens and twos are going to continue to support their businesses. >> what do you think about that from the quant perspective? like we've studied momentum. yeah. ev

last couple of days, whatever it's been since this guy got got sworn in, we have seen a reverse robin hoodve that the wealthiest man in the world is rooting around in our government systems to make life better for the people who live in my district, folks who are one car payment away, one home repair away from losing the safety and security that we all deserve. that is what we're supposed to believe. clearly it's bs. it's nonsense. donald trump has spent every single day since he's been in office, making life worse for working people and working families. and so the question that folks have to ask is, what are folks going to do in this moment? and i think that there's a lot that people can do. and what we've been talking about at the dnc, under the leadership of our new chair, chairman martin, is getting people to look local. there's people who want to tell you, and it's a big part of their strategy to get you so worn out, so worn down to say, hey, if you go to that local protest, what the hell does that matter? if you call your member of congress, that doesn't make an impact. everything y

it is a reverse robin hood. there are billionaires who stand to benefit financially if this administration stays in power and these cuts go through. that's what's happening, that's what they're trying to do. that's what this is about. this is about consolidating power, doing away with the checks and the balances, consolidating power so that you can raid the treasury. if we saw during the financial collapse banks that were too big to fail, this was a caper that's too big to stop but only if we don't do our jobs in this building. strip government to the bone, funnel money to people who already have more than they could ever spend. how many lifetimes would it take to spend all those billions? and use the federal government as an instrument to personal gain without accountability and without justice. and tragically one of the things that makes this whole caper so possible now was something that took place in a building just across the street from here when the supreme court of the united states said to the president

that's robin hood in reverse. it is bad public policy much it is pad for our health. and i would argue it's bad for our economy as we create the circumstances for having a workforce that will be sicker, less productive, less competitive on the global stage. and mr. robert kennedy, i'm afraid will simply aid and abet this process. re will -- he will hole the door open for republicans while thousands of georgians get kicked off their health care. for cassie cox and for the hundreds of thousands of georgians who will lose their health care if the premium tax cuts expire, i will be voting no for robert f. kennedy jr. to become hhs secretary. that's not the only reason i'm voting no. every sunday i return home to georgia to preach in the ebenezer pulpit, it's is the spiritual home of martin luther king jr., some folks why i continue to hole that job, well, i return to georgia and i return to my church every sunday because i don't want to spend all my time talking to politicians. i'm afraid i might accidentally become one. i serve in politics, but in a real sense i told rat

it's robin hood in reverse. they are working to take from those who need it the most just to give billions more in handouts for defense contractors and their billionaire donors. they want hundreds of billions of dollars in tax breaks for billi billionaires. they want to increase defense spending by $150 billion, more nuclear weapons, more. but then it turns and says where are we going to get the money? and they say, oh, we're going to medicaid, we're going to the affordable care act, we're going to community health centers, we're going to go to the programs that actually do protect people. more nuclear weapons aren't going to protect people. it's having access to the health care system that can help protect their families. now, trump and musk and republicans, they're going to call it efficiency, they'll call it transparency or say it's just adding basic requirements to medicaid. this is all code, the code for cuts. efficiency, transparency, or just be honest about it, elion, just be honest about it, president tr

or as i call it, reverse robin hood.m usaid to the department of labor to treasury to the thought of abolishing the department of education, everyone will be impacted. let's take a look at what could be on the chopping block if those things that we already approved don't go into effect. public safety grants for law enforcement and homeland security activities will cease. disaster relief as many communities are struggling after severe natural disasters. most recently in florida, georgia, north carolina, and california. infrastructure projects, our roads, our bridges, our ports and more, public transit could be halted, including projects already under construction. combatting fentanyl, the crisis that we see right now in our communities of substance use disorders, this could be impacted. biomedical research, there will be immediate pauses on all funding for critical health research, including research on such important diseases like cancer, alzheimer's, and diabetes. head start and child care could be affected. funding for

robin: amen. >> tory: -- are difficult. they've got six different options of this soft beautiful pillow that says, it's okay to cry. we've got wraps from them. one of the most popular this sherpa hoodedocks start at $10. >> robin: and it is okay to cry. >> tory: absolutely. >> robin: people love shape wear. >> tory: they do. this is their most popular. it's this one right here called the ahh bra. they have sold more than 50 million of these world wide. >> robin: wow. >> tory: it's a light support but it's got no hooks and wires and stuff that sometimes make things uncomfortable. it's a really great stretch. got a wide back so there's no bulging in the back. just extreme comfort. we got a big assortment of them of bras and bottoms all slash up to 60%. start at $8.50. >> robin: that's a good deal. good deals. >> tory: they are making their gma debut. a brand you have asked for. that's because they make incredibly comfortable sneakers. "vogue" calls it the perfect simple sneaker. that's what it is. i've owned the white ones for years. a, they're so comfortable, you don't want to get rid of them. unbelievably comfortable. the sole is fabulous. don't even need to break them in. and i love

administration, if it wanted to get under the hood and reshape what the biden administration did, there's more work to be done. host: let's hear from robinohio on the democrats line. hello? caller: hello. i am also interested in the human rights aspect of this. what's the human faith a hind ai in terms of digital labor? we have seen countries like kenya where people are being treated like slaves behind ai. can you speak to that? guest: i believe the phenomenon you are referring to relates to a specific aspect of creating ai models, which is called supervised fine tuning or reinforcement learning with human feedback. essentially, what those workers are doing is they are interacting with the ai systems while it is under development and they are trying to see is it saying something that is offensive? is it saying something that is inaccurate? is it saying something that is harmful? it has to go through and interact with ai. ai is trained by downloading most of the data on the internet. and force-feeding it into a learning algorithm that tries to strip out and say here's how we make a useful intelligence that is learned from everything there

administration, if it wanted to get under the hood and reshape what the biden administration did, there's more work to be done. host: let's hear from robinohio on the democrats line. hello? caller: hello. i am also interested in the human rights aspect of this. what's the human faith a hind ai in terms of digital labor? we have seen countries like kenya where people are being treated like slaves behind ai. can you speak to that? guest: i believe the phenomenon you are referring to relates to a specific aspect of creating ai models, which is called supervised fine tuning or reinforcement learning with human feedback. essentially, what those workers are doing is they are interacting with the ai systems while it is under development and they are trying to see is it saying something that is offensive? is it saying something that is inaccurate? is it saying something that is harmful? it has to go through and interact with ai. ai is trained by downloading most of the data on the internet. and force-feeding it into a learning algorithm that tries to strip out and say here's how we make a useful intelligence that is learned from everything there