So Much For Stealing From The Rich and Giving To The Poor, Robinhood
Today, Dom Giordano led off the show by discussing the events we saw unfold on Wall Street yesterday, where social media members teamed up to take on hedge fund managers by buying up tons of stock of failing video game store, GameStop, on self-trading platforms such as RobinHood. Dom gives a rundown of the events and offers his thoughts on the situation, explaining that it’s nice to see those on Wall Street who continually push companies into bankruptcy receive some comeuppance. Then, Giordano brings up a story featuring Philadelphia’s Springside Chestnut Hill Academy, a private school, which struck a deal with a Montgomery County pharmacy to vaccine the school’s teachers and parents.
Felix Salmon of Axios On The Volatile GameStop Stock
Felix Salmon, Chief Financial Correspondent at Axios and author of the weekly Axios Capital newsletter, focusing on all things money and finance, joins the Dom Giordano Program to break down the situation involving GameStop and what he’s deemed ‘nostalgia trading.’ First, Salmon explains the situation from the get-go, explaining the incredibly volatile day we’ve seen even in the first hour of trading, with GameStop fluctuating between around 260 and 410 points. Salmon offers his opinion as to why this may be happening, telling of the continued trading and fight between private traders and hedge fund managers.
The Left's Hypocrisy Continues
In the final hour of today’s show, Dom first discusses the continued hypocrisy of the left, honing in on a press conference featuring John Kerry yesterday in which he offered sentiments counter to President Biden’s campaign promise of leaving fossil fuels largely untouched. Then, Giordano discusses the negative impact that transitioning energy would have on the economy. After that, Giordano brought the discussion back to schools, taking calls from parents to try and determine if there are children in the area who are back to schools full-time.