GameStop is a company that is known for videogames and electronics. The company’s stock took off, up over 400 percent last week alone, more than a thousand percent since December. It’s one of a handful of stocks propped up by small investors and day traders after big investors started betting those stocks would decline. There are calls for greater scrutiny by White House regulators and for hearings on Capitol Hill. Some Democrats are also critical of moves to restrict trades on GameStop and other stocks, at least temporarily. FOX Business’s David Asman discusses whether the government should step into regulate and what the impact may be.
This week, House Democrats plan to advance a new round of Coronavirus financial aid. President Biden has proposed a $1.9 billion package , but Republicans think the amount is too high and want a more targeted approach. Restaurant and bar owners say the bill doesn’t do enough for their business. Robert St. John, owner of the New South Restaurant Group in Mississippi and co-founder of the Independent Restaurant Coalition discusses his push for Congress to give specific relief to the restaurant business in light of the adversity the industry is facing.
Plus, commentary from FOX News Senior Meteorologist Janice Dean.
