the usual base in the history of the united states congress democrats like tennessee congressman steve cohen will present a united front this afternoon to defend president elect joe biden's win against a group of president trump's allies says. >>probably the most vicious attack ever domestically since the civil war on our united states government republicans remain divided over challenging the election results based on so far. >>unsubstantiated claims of voter fraud. alabama congressman mo brooks will join about a 100 house members and a dozen senators in objecting to biden's victory because he says only congress and state legislatures can determine how americans vote that. >>united states constitutional provision was violated in many different ways by various state officials who are not elected for that purpose and not hold the power to do what they did during today's joint session, a member of both the house and senate has to object to a state's results. the chambers then meet separately to debate for 2 hours and vote. this could happen with several key battleground

steve: i don't think steve cohen served in the military.ld like to type an email or something to him or thinking it is just unfair that he would lump all these people who dedicated their lives to public service as he has as being a threat to the president of the united states. ainsley: when i look at the video of the national guard sleeping on the floor of the capital, when you see the congressman going out to take care of them because they want to say thank you, you look at those pictures to you see camouflage, black, brown, white, democrat, republican? know. i see patriots, i see troops that are willing to risk their lives, look at dan bondgino, i didn't agree with obama politically but i signed up to protect him and that was my duty and i would do it all over again. when you look at people when they are out on the battlefield they don't ask each other, they are a family, they are a team, they rely on one another. for him to say that i would hope every single one of those guardsmen would be offended by that. steve: thousands of people in

steve cohen of tennessee. we appreciate your time. >>> this is supposed to be one of the most heavily protected places in the whole country, but today rioters incited by donald trump's angry words stormed capitol hill like it was nothing. what that says about security on the hill. the hill ♪ ♪ ♪ 2020's done a new era has begun so keep pushing forward... because this is twenty twenty won make a different future start different at godaddy.com for people with heart failure taking entresto, it may lead to a world of possibilities. entresto is a heart failure medicine prescribed by most cardiologists. it was proven superior at helping people stay alive and out of the hospital. heart failure can change the structure of your heart so it may not work as well. entresto helps improve your heart's ability to pump blood to the body. and with a healthier heart, there's no telling where life may take you. don't take entresto if pregnant; it can cause harm or death to an unborn baby. don't take entresto with an ace inhibitor

here's congressman steve cohen of memphis explaining why that is. >> the guard is 95% believe male.y about 20% white males voted for biden. you've got to figure that as a guard which is predominantly more conservative and i see it on my social media, they are probably not more than 25% of the people that are protecting us. the other 75% are in the class that would be the large class of folks that might want to do something. >> tucker: we should pause that tape and we should consider for a moment and think deeply about what congressman just told us on television. he said that every white man in this country is a potential murderer. every white man in america should be under suspicion purely on the basis of being white and male of planning a presidential assassination. he says white male national guardsmen must undergo government background checks to prove they are not planning a murder. he just said it. the cnn anchor nodded as he did. the rules on generalizations like this have changed quite a bit in a very short time. it wasn't that long ago, november 5th 2009 that an army major op

. >> reporter: democrat carson steve cohen says he still worries about the guard. >> the guard is 90%es voted for biden. probably not more than 25% of the people that are there protecting us who voted for biden. the other 75% would be folks who might want to do something so it does concern me. >> the washington post reports the fbi warned law enforcement agencies of potential threat, and adherence to the far right group qanon who indicated they might want to come to washington for joe biden's swearing-in ceremony but the show must go on, celebration preparations in full swing. last night flags lit on the national mall in honor of thousands of americans who came out to attend in person, it was lit for 46 seconds in honor of the 40 sixth president in a parade was rehearsed but this parade tomorrow unlike the ones in the past will be virtual. all we are waiting for now from outgoing donald trump is the list of pardons which may be 5200 names on it. it has been reported it could include wrapper little wayne. we will have to wait and see. neil: tucker carlson says democrats are using the n

sometime after the third and fourth with the visitors. >> steve cohen alleges he spotted her in thecapitals leading the tour. :says he didn't know if they were part of the insurrection. tours by the r suspended due to the pandemic. she disputes the timeline, the congresswoman says she showed around a group of 11 people including her immediate and extended family. she contends they were taking in the capital, she prepared to become a freshman member january 3rd. >> my husband, my mom, my and an uncle we went to the rotunda, took some photos and that was it. to fail to give someone detailed information on a recon mission is absolutely absurd. it is part of the laundry list of conspiracy theories the democrats are heavily involved with. >> he says the accusation ruins what should have been a celebratory moment for her family. she was about to, freshman lawmaker. >> now this day is completely destroyed because of baseless lies from representatives like steve cohen and for that memory to have to be defended in this light is offensive. >> reporter: the colorado republican denied security

>> well, steve cohen, i said i unequivocally want you to say you had nothing to do with it. again, i don't have proof. steve cohen doesn't have the best history he has suspended for two years for insider trading. he didn't raise his hand right away gotcha, i'm guilty. he helped bail out melvin capital, short will are game stop, there is all these coincidences that seem a little too coincidental for somebody with half a brain to say oh, i'm sure, you know, these guys just happen to have their hands in this pot again. i refuse to believe it. i have said this robinhood, they had to know they were going to tank their company. they built themselves their clients saying that they serve the every day trader and they screwed them. that's what they did. so something caused them to do that. are. >> maria: dave, where is this going? >> god, i don't know. i think there is going to have to be legislation to change the way people trade because there is an element if you let people gang up like reddit did and wall street bet. that stopped. it's fair and within the rules and the rich guys h

the democratic tennessee representative steve cohen went further. >> we saw congressman boebert taking a group of people for a tour sometime after the third and she was not on the home team. she was with the visitors. >> steve cohen said he spotted boebert in the capitol tunnels leading a tour. he didn't know if they were part of the insurrection. all tours of the capitol, even by members are suspended due to the pandemic. he disputes the timeline for the congresswoman said she showed a a group of people with 11 people and immediate extended family. they were taking in the capitol. she is prepared to become a freshman member on january 3rd. >> i have four sons, my husband, mom, aunts and uncles and we went to the rotunda and took photos. that was it. and to give someone detailed information on this is absolutely absurd. it is part of a laundry list of conspiracy theories that the democrats are heavily involved with. >> boebert said it runs a celebratory moment for her family. she was about to become a freshman lawmaker. >> and now this day is completely destroyed because of baseless li

>> it is one of the most outrageous things steve cohen has ever said. and he's said a lot of outrageous things. i think sometimes he wins the prize for the most outrageous and ridiculous member of congress that the people of his district sent home. why he keeps getting re-elected is beyond me. he insults witnesses in hearings. he does dumb stunts like carry a bucket of chicken into a hearing and licks his fingers. this is a guy that's much more a clown. he ought to put on a nose, some big shoes and makeup and honk a horn when he comes into congress. what he said was insulting and degrading. i just feel like the idiotsy of insin waiting that people in the national guard. i was commander and chief of the national guard for ten years, almost 11. let me remind mr. cohen something he apparently doesn't understand. national guard people are teachers, pharmacists, police officers, they're store owners. these aren't just some 18-year-old kids that have nowhere else to go. these are people who live in their communities, who are called up by their governor for se

steve cohen and old buddies, traders, they work together.ck market. 2-year suspension and suddenly he's right in the middle, his buddies with what went on yesterday. again, i don't have the proof. he unequivocally denied that he had any involvement on what happened yesterday. i would weigher, if you forced it out and if you had subpoenas, phone conversations, i think you would find out he was involved. again, it's not making giant leaps of logic here. i'm looking at facts that anybody rationally can look at them come up with any other conclusion. generally where there's smoke there's fire and this was a 5-alarm blaze. stuart: okay. at the moment the people going short on gamestop is actually going up. short positions are expanding on gamestop and at the same time the stock price is going up. that implies we've got another short squeeze coming just around the corner, is that the way you see it? >> i mean, i guess. listen, i'd short the stock too if i knew i was wrong, they were going to press the stop money and give me my money back, what do

hedge fund who currently are against these reddit traders in terms of positionings are ones like steve cohen, who has a very rich history of dealing with the sec. so you would have to imagine they are hearing from a lot of people. michael burry of well-known hedge fund renowned is tweeting that the sec needs to look at it. there should be regulatory and legal repercussions, this is unnatural, but it is notable, but he was also pro gamestop long back in 2019. a lot of people are concerned about what is going on. francine: dani, thank you very much. we will have more on gamestop throughout the day and i am sure throughout the week. coming up, the world economic forum is a little different this year, as davos leaders meet virtually. do not miss exclusive interviews. that is coming up shortly. later in the day, we also speak with the digital antitrust chief. this is bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig sp

now this day is destroyed because of baseless lies from representatives like steve cohen. >> she saidhe capitol police or other authorities have contacted her about the tours. capitol tours are banned by members during the pandemic. i asked nancy pelosi if she was briefed or had seen republicans led rioters on surveillance tours. >> everything has to be based on evidence and that remains to be seen. >> pelosi says there is consequences if it's found that some members aided an abetted the riots. harris? >> harris: chad, thank you. thanks for watching "the faulkner focus." "outnumbered" starts in a few seconds. and we begin with this fox news alert. president biden unraveling of immigration policies with a stroke of a pen. halting border wall funding. the biden administration imposed a 100-day pause on deportations of certain illegal immigrants. meaning many with criminal convictions and charges won't be deported inside that 100-daytime frame. the executive order also takes actions to defend daca. this comes after biden's team unveiled a proposal, which would include an eight-year pass

steve cohen, thank you very much. and glad to see your safe after january 6th. >> thank you, jim. >>> still to come this hour, dramatic new video of rioters storming the nation's capitol. this is the floor of the senate screaming through the halls, rifling through senate desks and a laptop ma may have also been stolen in the midst of this. >>> and president-elect biden takes aim at president trump's policies. she will issue a number of executive orders on the first day in office. what are they? we'll talk about it. and later a sound off on the distribution disaster that we have seen. >>> there is startling new video that shows more of what took place as rioters stormed the u.s. capitol. take a look at this. this is part of the footage we'll show new a moment released by the new yorker. >> to be clear, before we show it, we want to warn you it does contain graphic content. >> president trump would want us to do this so i think we're good. >> i'm making sure i ain't disrespecting the place. >> want to let you know, this

listen to this sound bite that is stunning from steve cohen, a democrat from tennessee. watch this. >> the guard is 90 some odd percent male. about 20% of white males voted for biden. the other 75% are in the class that would be the large class of folks that might want to do something. >> martha: that's a shocking statement. he called 75% of the national guard white guys that might want to do something. what do you say about that, sarah? >> it absolutely did -- divisive. my husband is part of them. he gave the pledge in afghanistan. i covered the war in afghanistan. i saw young men of all colors, of all religions give their life up for this nation because they believe and love this country. as for the 21,000 national guard members that are in washington d.c., it important to remember that they are doing their job as well. they are not an enemy. many of them can't believe they're even there. with their ar-15s guarding the capitol before inauguration and open inauguration day to protect president-elect and president joe biden from possible threats within the nation. to say

outrage of congressman steve cohen questioning national guard members, he is questioning their loyaltyo america. we'll be right back. not the doubts, distractions, or voice in my head. and certainly not arthritis. voltaren provides powerful arthritis pain relief to help me keep moving. and it can help you too. feel the joy of movement with voltaren. ♪ ♪ ♪ ♪ ♪ hi, this is margaret your dell technologies advisor to listen, is to hear more than what's being said... and offer the answers that make someone feel truly heard. i understand, let's get started call a dell technologies advisor today. ♪. >> you know there is an article in the financial times about the perplexing decision to decide who gets treatment and who does not when hospitals are flooded or supplies are limited, something we've seen a lot during this covid-19 crisis. i want to bring in nyu langone pull mow noll gift dr. quanta ahmed. you've been on the fronts the stress, the strain, the pressures. as we go there all all of this, the medical industry what has to happen from here. some are suggesting that make physicians and do

steve cohen's fund lost nearly 15% after small investors caused the shares of gamestop to surge. the losses are mainly because .72's investment in a hedge fund that bet against the have you had yo game retailer. cohen is the richest owner in major league baseball, worth nearly $15 billion. >>> california honors the life of civil rights activist. in the 40s he refused to abide by an executive order following the japanese attack of pearl harbor that mandated all japanese-americans report to incarceration camps. he was arrested and fought his conviction all the way to the u.s. supreme court and won. but that vindication came 40 years later when a federal court overturned that conviction. his daughter is making sure her father's legacy lives on, especially during trying times like today. >> we need to remember that we could agree to disagree. but without violence. that's what my father represented. so, i think that's part of building our coalition and being purposeful and making sure that these conversations are front and center and the concerns can be uncomfortable. we have to get u

tennessee congressman steve cohen is joining us now. congressman, thank you for being here. >> good to be with you. >> i want to get your take on the security preps. first, i want to get your reaction to "the new york times" reporting, the breaking news we've been following this morning that trump allies have received tens of thousands of money from people seeking pardons. you actually, from my recollection, introduced legislation trying to limit presidential pardon power. what do you make of this? >> i introduced legislation as far back at 2017 and then again in 2019, because it was obvious that trump was not a responsible party to have that pardon power. he will take advantage personally of anything he can. and what i -- in reading that "new york times" story, it's obvious that there will be people making money from it. and, you know, just recently it was said that he did not pay rudy giuliani his legal bill for representing him in all of these hoax actions to try to stop the vote from going through and the claims of illegalities. i c

>>it's even more important now tennessee democrat steve cohen says the deadly riot at the u.s.itol strengthened his push to abolish the electoral college we've never seen case descriptive it more scary this one where politicians try to control the election of the president over the will of the people. cohen says congress's role in the election process is unnecessary allows the house of representatives and the senate possibly get involved and how the election is charmed that should never be the case going reintroduced his constitutional amendment this week to replace the electoral college with a popular vote system it everybody's vote counts count, equally candidates will go to every cent i think their votes. now john malcolm with the heritage foundation argues abolishing the electoral college would give more power to larger more liberal cities you end up having a lot of state who have very important interests that are involved in elections. >>their voices would be completely marginalized if not ignore completely malcolm says cohen's proposal would also not limit controversy and

the usual base in the history of the united states congress democrats like tennessee congressman steve cohen will present a united front this afternoon to defend president elect joe biden's win against a group of president trump's allies, this is. >>probably the most vicious attack every domestic rate since the civil war on our united states government republicans remain divided over challenging the election results based on so far unsubstantiated claims of voter fraud. >>alabama congressman mo brooks will join about a 100 house members and a dozen senators in objecting to biden's victory because he says only congress and state legislatures can determine how americans vote that. >>united states constitutional provision was violated in many different ways by various state officials who are not elected for that purpose and not hold the power to do what they did during today's joint session, a member of both the house and senate has to object to a state's results. the chambers then meet separately to debate for 2 hours and vote. this could happen with several key battleground states dragging th

melvin was founded by a former steve cohen ally dave plotkin.edge fund veteran dan loeb has made some money in january. the offshore fund gained nearly 2% last month. investment firms like d1 capital partners and .72 have been hit hard after shares companies that were better against were driven up by frenzied retail trading. billionaire founder of point 72 and new york mets owner steve -- steve cohen has quit twitter after saying his family has been threatened. cohen has complained about what he calls the rough crowd on twitter after his short bet on gamestop. coming up on "bloomberg daybreak: asia." south korea extending social distancing restrictions through the lunar new year holidays as new infections surge. the latest from seoul, next. this is bloomberg. ♪ anchor: let's take a look at how the trading week is starting off. were you watching? >> looking like a weak start. futures in singapore opening with little change. falling as much as 1% this afternoon. the stock fell into the red for the year last weekend. in australia we are seeing it g

melvin capital has doubled down on gamestop, got a cash injection from steve cohen and ken griffin.they filed with the fec have rallied an average of 19%. some of the most prominent hosts on -- posts on reddit say they will hold onto gamestop until it reaches $1000. this was followed up with a gif of the movie "300." they can do this because they are putting on leverage bets via calls that cost a dealer to take the other side and by the underlying shares. anna: it is a fascinating battle developing here, and one that many in the market are asking -- is this legal? is what is happening on this reddit forum legal? i read this informative piece on the bloomberg talking about how people are not being misled, they are just saying by it because it is a fun thing to do -- buy it because it is a fun thing to do. what is the latest you are hearing whether this will face a legal challenge? dani: it is an extremely gray area. one of the precedents set on a pump and dump is that there needs to be something that caused an illegitimate cause in supply and demand that are artificial, but who is to

but chris, listen to the spirit today on cnn democrat congressman steve cohen of tennessee made this serious allegation against a republican colleague. >> we saw congressman bogart taking a group of people for a tour sometime after the third and before the sixth. she had a large group with her. [indiscernible] >> jeanine: congressman bogart denied this, but this is a vicious smear. it's been peddled by a number of democrats with no evidence tomb back it up so far. >> nancy pelosi is among them. these people have accused republicans of giving tours. i'm glad they finally mentioned a single congressman or congresswoman's name. before this, they haven't. the problem with this narrative is that the capital was largely closed. essentially has been due to covid. it was only family and staff family even allowed to tour the capital at that time. this is very likely bogus. >> jeanine: and the shame of it is that we are going to continue to hear more of that as they try to deprogram trump supporters and bring in more national guard. chris, thanks so much for being with us tonight. mwi and befo

here to discuss it all is democratic congressman steve cohen. best to your family for the new year.you. >> this has beaten me up so badly, i now look like my brother. that is how taxing you have been. >> complement to your brother. >> we have to laugh otherwise we would cry all of the time. can you believe we are on high alert in a way that is 9/11 esque from ourselves right now. >> it is bizarre. but with donald trump you can almost expect it. the guy is a narcissist. what i fear is that he will try to do something to go out with a bang. i would not be surprised. i just know he is an evil careful and would try to do something terrible. pelosi. that is something that he can do. right now he is at the bottom. >> hopefully that is one constitutional premise and institution that he does not choose to test. how much of his relative quiet and reading that statement that was written for him about not wanting any violence do you think is about the money side. all of the public-private contracts with mu nas palities that are being cut. >> yeah. i read a story about his friend of his. the mo

terms of gains, short-sellers are doubling down including a new firm backed by ken griffin and steve cohen♪ yousef: this is "bloomberg daybreak: europe." a has swept financial markets in china and hong kong. it comes after some signals from the regulators from people close to the pboc decision-making process that there could be a scenario where they withdraw funds from the banking system amid warnings about growing -- with the hang seng now more than 2% lower, tencent leading the losses, the plunge initially 5%, so close to that. chinese government bonds also pointed for the biggest decline since august. the pboc advisor speaking on the risk of asset -- another developing story, thanks to reddit users, gamestop shares had a gigantic day at one point rallying as much as 145% before hearing some of those gains. shares from blackberry to u.s. retailers saw big surges. dani burger has the details. why did the stoxx see this massive surge? what are analysts saying? >> this is a really crazy story, but this is a phenomenon that has been going on for more than a year. that is this retail interest

the billionaire founder of point 72 and new york mets owner steve cohen has closed his twitter accounting his family received threats. performance reportedly plunged 10% to 15% this month. he has complained about what he calls the rough crowd on twitter after his firms short bet on gamestop. haidi: we have the update a few minutes ago. robinhood now narrowing the trading restrictions that it has on a number of stocks to just now eight companies. as of the end of trading friday, that list was as long as 50 that were affected. still, some of the usual names you would imagine, amc, gamestop, along with blackberry express, naked brands and some of these names restricted. when it comes to gamestop, you can still just buy one stock in gamestop according to the latest rounds of restrictions. it is essentially telling clients how many shares they can buy pertaining to any particular security. gamestop still pretty heavily restricted, just one share up to five options come strict -- contracts. let's look at the australian open coming up at the top of the hour. what are you watching? sophie: we

something which is going to appall you and i think you know what is coming democrat congressman steve cohennt-elect biden, watch this, rotate. >> there's probably not more than 25% of the people that are there protecting us that voted for biden the other 75% are in the class of the large class of folks that might want to do something. stuart: he says don't trust the national guard if it's 90% white and male. your military guy, do you want to respond to that? >> all respond to that, is absolutely infuriating. the people that are taken out to defend the country are somehow extremist and people that neither social media embedded to see what their political leanings are so they can be trusted to protect the era of this inauguration is complete to be ticketless. this is the kind of thinking that we are going into because what they want to do they want to pretend that 75 million people, some in the military, some not all people who voted for president trump in this agenda need to somehow be on a watchlist because they are potential extremist, it is ridiculous, it is dangerous and it somebody who

it was a suggestion by steve cohen, representative steve cohen from tennessee, that who you voted for, in the military or on law enforcement affects how you carry out your job. here he is in his own word on the national guard. listen to this. >> the guard is 90%, i believe, male, 20% of white males voted for biden. there are probably not more than 25% of the people there protecting us who voted for biden. the other 75% are in the class that would be large class of folks who might want to do something. so it does concern me. >> sandra: why would a member of congress suggest that who you voted for would affect that? >> they are not irresponsible. they are outrageous. there's no part sanship. all they see is our constitution that they are committed to defending. i would remind congressman cohen the national guard in tennessee has been deployed for months. they are heroes. they are not partisan. >> sandra: jim jordan was one who condemned the words. >> the idea that you will have a number of congress who has been protected by these folks say those things makes no sense. >> sandra: great t

what he is talking about is steve cohen, a democrat from tennessee who said this on cnn.odd percent male, 20% of white males voted for biden. you have to figure in the guard more conservative and i see that on my social media and we know it. they are probably not more than 25% of the people who voted for biden. the other 75% are in the class that would be the large class of folks who might want to do something. >> bill: wow. what is up with that? >> from my perspective those comments are offensive, disgusting and every member of congress should be demanding that he apologize for those comments. he is saying whether you work for the nation fall guard, law enforcement, f.b.i. or other law enforcement agency if you voted for one candidate you are unable to do your job and protect any individual that comes within your job duties. so that's what he is calling into question not only the loyalty but just the professional responsibility that law enforcement in this case and national guard have. it is out of line, overbounds and we saw that throughout the summer where law enforcem

by the way, and want to get what matt gaetz referred to earlier, congressman steve cohen has been theef spreader of inside job conspiracy and even implicating g.o.p. congresswoman. watch this. >> we saw congressman bo burke taking a group of people for to work. and she's not on the home team. she was but the visitors. >> laura: so it is back to the domestic enemy, mollie, this myth that keeps being spread, scandal, defamation. >> the congressman explained doing nothing but giving tours to family members and had not participated in terms of tourists, but this is what is happening right now is about making, being conservative equivalent to being a terrorists. the left wants to wipe out all opposition and since her in a disagreement or opposing opinions. they have a lot of power to do that. they controlled the media. they control big tech and those big tech oligarchs are coming for absolute destruction. this causes national security problems. this causes domestic unrest. i think a lot of conservative 75 million plus are hoping for is that there will not be anyone in washington, d.c., to

i think no one is faster or better equipped to adapt then steve cohen.e you will see him start to shift gears here as a result of what is going on in the marketplace. emily: quite a big long. anthony, hang on. we will talk to you more after the break. anthony scaramucci, of skybridge capital. you are watching "bloomberg technology." the gamestop phenomenon. this is bloomberg. ♪ ♪ emily: welcome back to "bloomberg technology." the gamestop phenomenon. i'm emily chang in san francisco. gamestop shares, hitting unbelievable highs for yet another day. even more interesting, the movement behind the rise. why is this happening? buying from thousands of individual investors using sites like robin hood and reddit to drive up prices. it is all over social media. everywhere you look. here to discuss the unit culture behind the move is bloomberg's executive order and host of "what'd you miss?" still with us is anthony scaramucci, of skybridge capital. joe, you have been getting deep in the reddit rights to figure out what people are talking about. what are you seei

authorities are investigating whether anyone in congress was complicit and your democratic colleague steve cohenarlier. listen to this. >> we saw one congressman taking a group of people for a tour sometime after the 3rd and 4th and they walked in a tunnel. we saw the congresswoman with a large group with her. >> the congressman didn't know if specifically people in the tour were among the rioters, but i'm curious as we've heard reports from other members saying that they saw a lot of maga hats and trump supporters on tours in the days before, did you see any of those tours? >> i didn't see any of those tours, but i -- i respect my colleague mr. cohen. i know some of my other colleagues said that they saw the same thing. that's the reason, one of them, many reasons why we need a full and thorough investigation. again, ultimately there has to be accountability and if it turns out that the only reason that some of the -- some of those insurrectionists, those who attacked the capitol of the united states knew where to go and set about to go and see the speaker and the speaker's office and intention

they got a little bit of a rescue, scott, from the likes of ken griffin, steve cohen, big hedge fundth of these firms were to go out, to essentially fade off into the sunset, there are a lot of people who are beholden to them, a lot of banks and others. would they and should they be rescued? >> well, here's the thing, should they be? probably not, neil. will they be? probably. and that's kind of the sad kind of back story of wall street, isn't it? there's always been these bailouts. there's been very little moral hazard. to your point about what's the collateral damage, yeah, there's brokers, there's trading firms, there's custodial firms that have leverage extended to these companies that, you're right, if they go bankrupt bust, that money's gone. but i gotta tell you, i want to comment on the 30-day shutdown of gamestop or fossil or some of these other companies. i actually disagree completely with that idea because of the fact that the way to fix this is not to turn off the liquidity. as far as to hut down what is -- shut down a free operating market. somebody's buying, somebody's

but having said that we do know melvin lost billions on these failed short trades can steve cohen bigto an half-billion and might even more. here's my worry in question for you if a big hedge fund were to go belly up as this process drives forward it's one thing for a hedge fund but they tend to have a lot of customers, big customers, a lot of banks, investment banks, is not a legitimate fear that one goes down others potentially go down with them, the spillover effect the people worry about. >> clearly and a legitimate fear, long-term capital management, that was simply the same thing, the big hedge fund had lots of money and other hedge funds and other wall street banks, this is back in the day when wall street banks traded in a proprietary way they copied those trades it was tremendous systemic risk losses across financial system that would've locked it down and firms came in and it was an engineer trader bailout not with taxpayer money but the firms owe money it was lower interest rates by the fed and a bunch of things that they did to calm the situation down. melvin capital is no

and steve cohen deactivated his twitter account because of threats sheefsd related to his role in the game stop controversy. he's one of several getting against the retailer. north carolina attorney general reviewing robin hood's decision to stop trading of game stop shares this week. more with reverend al sharpton right after the break. sharpton right after the break. ♪ ♪ comfort in the extreme. the lincoln family of luxury suvs. for skin that never holds you back don't settle for silver #1 for diabetic dry skin* #1 for psoriasis symptom relief* and #1 for eczema symptom relief* gold bond champion your skin think you're managing your moderate to severe ulcerative colitis or crohn's disease? i did. until i realized something was missing...me. my symptoms were keeping me from being there for him. so, i talked to my doctor and learned... humira is for people who still have uc or crohn's symptoms after trying other medications. and humira helps people achieve remission that can last, so you can experience few or no symptoms. humira can lower your ability to fight infections. serious and

that was enough the case with melvin that big investors like ken griffin and steve cohen poured $2.5 million to keep them going. so the fear that others were exposed to the big hedge funds and might have to be rescued if it gets that people. people say there's something systemic going on here. do you worry about that? >> i'm not aware of any of it, that there's a systemic risk in the capitol markets. our markets have been profitable. we've had an amazing run-up. the idea of giving back wouldn't be the least bit surprising to me. it's worth pointing out that look, this is a classic bubble. let's just be honest. it had all the components, a number of events that has caused an unbelievable run up in a stock that is unsustainable. when this ends, this ends badly for the people that buy in late. just as it went badly for the hedge funds that shorted early. the hedge funds need to live with the consequences. that's life. they're big boys. >> john: should individuals as well then, senator? we don't need to be -- >> neil, the individuals also have to live with the consequences of their decis

steve cohen ominously suggested trump supporters in the military could be plotting so

lou: -- like congressman steve cohen and to have generals in command who haven't got the guts to standarter, thanks so much. we appreciate it. we'll be right back. ♪ because of the research that i've started to do on ancestry, with documents, with photographs, i get to define myself through the scores of people who lead to me. bring your family history to life like never before. get started for free at ancestry.com . . . ♪. lou: joining us here tomorrow evening and we hope you will be as well, congressman jim jordan, congressman andy biggs and the hill's media savant joe concha among our guests tomorrow evening. we hope you will be with us. remind you can buy the national best-seller, "the trump century." get your official "lou dobbs tonight" mug. who wouldn't want one, right? loudobbsshop.com. that is the place. loudobbsshop.com. we thank you for being with us. good night from sussex. ♪. elizabeth: and now it begins. the biden administration launches amid a time of hope and anxiety, a time of promise and of peril. what sweeping changes will come in the first 100 days? as the democrats

the perception of an insider threat, steve cohen of tennessee most of the guard is male and 20% of white males voted for biden and he extrapolated that at best, 20% of the people at the inauguration voted for joe biden, guardsmen say they are here to do a job. >> we have different ideas. we have one mission. that is to do what is necessary to protect america. >> reporter: to give you an idea how jumpy people are parts of the capital were evacuated today for a fire that wasn't even in the building. it was in a nearby homeless encampment. three people have been arrested at checkpoints around dc two for weapons violations, one was arrested for impersonating a police officer. >> a very different looking dc, thank you. riley june williams, the woman accused of stealing nancy pelosi's laptop during the capital arises under arrest, the fbi complained says she wanted to sell the laptop to russian intelligence through an intermediary of some kind, she's facing several other charges including disorderly conduct on capital grounds with intent to disturb a session of congress. on the night of januar

lou: steve cohen's twisted remarks there pass as thinking in his judgment.ohen's attack on our national guard comes as nancy pelosi praises the guard's presence. yet when president trump asked for a military parade in the nation's capital, the pentagon said it was far too expensive, and the radical dems, they couldn't possibly support the idea. instead, pelosi and the dems are fine with 25,000 troops now in the nation's capital to protect what is a virtual inauguration for a man who just received 80 million votes. how does that work? giving our nation's capital the appearance of a third world nation. for more on what's happening on the ground in washington, we turn to fox news correspondent mike tobin. mike in. >> reporter: and, lou, let me give you a quick look around in this area of north capitol street very near union station. you can see the presence of the national guard with one of the vehicles there as we're here on north capitol street. as we look in the direction of the capitol, you can see some of that fencing. it's all over town. on top of that, 1

you have a representative steve cohen who went on television saying i was definitely a part of this,rate this moment with me. it's absolutely disgusting and baseless. it shows there have brought down pack hypocrisy on full display. >> sean: it doesn't get worse than that. it's been the broad sweeping generalization, republicans and conservatives support insurrection. when everybody condemned it immediately like we condemns the rights and those that weren't peaceful over the summer, something democrats didn't do. >> you absolutely right. low boebert is giving free contours were insurrectionist, i conducted the lindbergh baby, and devin nunes was on the grassy knoll. i guess to go along with these very fake allegations against republicans that we see, there are real consequences for our fellow americans were being erased in the digital space, where being targeted in real life in the flesh. we are entering a period of time where joe biden tells us to accept unity but that unity seems to be at the expense of anyone who offers dissent or disagreement. they don't want to just have a debate

lou: -- like congressman steve cohen and to have generals in command who haven't got the guts to standr, thanks so much. we appreciate it. we appreciate it. we'll be right back. ♪ piano playing ♪ ♪ “what the world needs now” ♪ ♪ is love, sweet love ♪ ♪ it's the only thing that there's just too little of ♪ ♪ what the world needs now is love, sweet love, ♪ ♪ no not just for some but for everyone.♪ ♪. lou: joining us here tomorrow evening and we hope you will be as well, congressman jim jordan, congressman andy biggs and the hill's media savant joe concha among our guests tomorrow evening. we hope you will be with us. remind you can buy the national best-seller, "the trump century." get your official "lou dobbs tonight" mug. who wouldn't want one, right? loudobbsshop.com. that is the place. loudobbsshop.com. we thank you for being with us. good night from sussex. maria: welcome back, good morning all. i'm maria bartiromo, welcome, thursday january 21st, your top stories right now 6:00 a.m. on the east coast. president joe biden officially the 46th president of the united states with a mes

you are making cheap politics out of it to a text trump supporters and people like me unlike steve cohen actually put my caboose on the line to protect barack obama and his family, and i did it proudly. and you know what come i would do it again because that's what we do in the secret service. it is not a third world republic and condemning national guard because of the color of their skin like they can't do their job, they raise their hand and swore to protect the constitution so don't insult them. the politicians, that is what they do. that is why they are politicians and don't have a real job. >> brian: dan is fired up. that is why people double-click on your podcast. you have a lot to say. >> you text me and said come on. are you kidding? >> brian: thanks, dan bongino, keep fighting. in the meantime, let's bring in who is always fighting glenn greenwald. the republican party, that is the thing about big tech. is this just a republican party? >> no, it's not a republican problem but one of the most important things to remember, so up and we are incentivized to look at everything went

lawmakers especially one of the master minds behind 9/11 attack would have been among those vaccinates steve cohenoff twitter. the owner the new york baseball team is also the founder of pngt 72 huge fund that saw 50% loss in part because of the recent gamestop reddit drama that shook wall street an now left twitter after family received, quote, personal threats. cohen went on to say this week event in no way effects chance for a championship. i'm jackie ibanez, now back to "life, liberty & levin." ♪ ♪ ♪ ♪ mark: welcome back newt gingrich, we see now this effort -- it is really quite bizarre to purify the house and purify the senate or maybe in the case of cruz to damage them to make them called to run for president so they want to take up trump and they want to take out cruz and take out? the senate the house side investigate 140 or some of that of fellow republicans. what do you make of that? >> i think it is exactly what we've been talking about. you have a totalitarian movement that wants to crush all desent that wants to drive depoangts out of public life and when it says word unity it means

actually speaking of an earlier event in the saga of the teetering fund that played a point in steve cohen's fund being down 18.2% earlier in the week, you saw contagion in the hedge fund world that seemed to have been contained, and there could have been contagion in the brokerage and clearing and counter party world, so we are not out of the woods yet. it is logical, and laudable what robinhood wants the do, and clearly a market eager for it, so that is important to acknowledge, but on the other hand, they are part of the broker/dealer highly regulated system in the the united states, and there have to take certain steps to trade smoothl ly and t make sure that the customers' money is protected. >> yes, the two founders were or are billionaires and we will see, and they are partnered with two billionaires ken griffin and citadel, and they may be free, but they are big players. so we will check out your story with our colleague andrew ross sorkin. >> thank you. >> and so now the push for mass production and we will speak to new york mayor bill de blasio for his call to the pharmacies to sta