tv MSNBC Live With Katy Tur MSNBC January 29, 2021 11:00am-12:00pm PST
good afternoon. i'm katy tur. it's 11:00 a.m. out west. 2:00 p.m. in the east. there isng in our ability to get more coronavirus vaccine faster. but, and this could be a big problem, it comes as the virus keeps on mutating and spreading. today, johnson & johnson announced that its single dose coronavirus vaccine is 72% effective. what makes this vaccine so promising, according to doctors is that it is only a single dose. and it does not require ultra cold storage. meaning we could vaccinate more people without worrying about getting them back for a second dose. j & j plans to pile for fda
emergency use authorization next week. but there is a caveat, the efficacy of the j & j's vaccine dropped 57% from the highly contagious variant from south africa. despite the travel van to stop that variant from coming over here, the new variant is already here. two cases identified this week in south carolina with two patients with no ties to each other and no travel history given that, signals community spread. during today's white house briefing dr. anthony fauci stressed the importance of vaccinating as many people as possible, as quickly as possible, before those mutant strains get out of control. >> whether or not that's going to ultimately take over in the sense of being dominant is unclear by now. the projection that is made with regard to the uk is that probably by the end of march, the beginning of april, it
actually will become more dominant in this country. the fundamental principle of getting people vaccinated as quickly and as efficiently as you possible can will always be the best way to prevent the further evolution of any mutant. because when you do that, you prevent replication, and replication is essential for mutation. >> still, the process is slow. states are still pleading for more vaccine. and mega vaccination sites, like this one in the meadowlands, is still sitting idle. for the most part. that's not all, what's more frustrating more reporting that shots are being wasted because of the strict guidelines on who can get them and when. joining me now is nbc news correspondent monica alba. msnbc contributor dr. natalie azar and a member of joe biden's covid-19 advisory board during the transition dr. ezekiel
emanuel. also vice-provost at the university of pennsylvania and all authorize of which country has the world's best health care. so, monica, considering that the new strains are here. considering that they are still trying to get up and running, getting the vaccine out as quickly as possible is the covid-19 task force currently in the white house considering retooling its strategy? >> reporter: well, they're thinking of a range of options, katy. among that is exactly what you point out, the difficulty here with the mutant strains already here. that uk variant that was first identified a couple weeks ago, in 29 states. the south african one, just so far in south carolina, dr. walensky, the director of the cdc indicated it's very likely that's spread beyond there, because the two people that did test positive for it. didn't have any connection to each other and haven't traveled outside of the united states. so we can expect to see more. something else they're
monitoring very closely. the white house officials say there could be variants that come out of large cities in the united states. for instance, the los angeles variant something they're examining. could there be more of those. there were encouraging signs from the initial data, and the johnson & johnson vaccine. dr. fauci touted the fact that even if the efficacy rate is lower, with pfizer and moderna, the fact that it is the ultimate shot, that it doesn't require the temperature storage and the fact it's cheaper to produce means more of them can get potentially up to scale faster. even though the approval process won't start until next week. that in itself can take weeks. it will be weeks or months before the general population has access to it. the white house is defending their slow and sluggish vaccine rollout and distribution. they're continuing to poke at promises that were made with the
trump administration, goals they didn't reach. and they claim they inherited a system that's rather broken. now, if we actually look at the data, some of the numbers in the last few days of the trump administration were nearing 1 million doses a day. now, according to the white house, the rolling average is the last days is 1.2 million. so that, they believe, will get them to that 100 million shots in arms in the first 100 days. of course, the variants they're worried about because that initial data from johnson & johnson also shows a lower efficacy rate against the south african variant, for example. so, now, we're talking about these potential boosters that will be needed. that was something else addressed in the covid vaccine briefing today earlier from the white house. that's something that manufacturers and drugmakers are working on having scientists develop those. even though the first rounds of vaccines are what most americans will get. it's very likely they will have to get a booster to deal with
the emerging variants, katy. >> joe biden was asked about the johnson & johnson vaccine just a moment ago, we're trying to turn around that tape so we can play it for you and get it to you. while we're waiting for that, dr. azar, this idea, the one-dose vaccine, how much of a difference is that going to make in being able to track those who have been vaccinated. i know with the moderna and pfizer vaccine there can potentially be issues for getting people back for the second dose. >> well, that's only one advantage. what monica pointed out there are a few very favorable characteristics of the johnson & johnson vaccine. yes, it's one dose. it doesn't require the cold chain distribution. it's very inexpensive to make. and so production can certainly ramp up. you know, it's definitely an important vaccine to have in the u.s. arsenal. but i think it's going to play a significant role, more globally. you think of low-income countries.
warmer climates. it's a falsity to think that if we take care of americans and vaccinate us here without considering the global implication of the pandemic, we're really doing ourselves a disservice. >> we are still awaiting that biden playback. so dr. emanuel, if i interrupt you, i'm so very sorry. given there are new strains out there. and given that the vaccines are potentially less effective against the new strains, how are you feeling today? >> sorry, i didn't hear that. i got interrupted can you repeat that quickly? >> don't worry about it. you had a phone call, how concerned are you about the vaccine -- here's biden, i'm sorry. dr. emanuel, hold on one second. >> -- at walter reed a lot. i spent almost six months there myself as a patient. and in addition to that, as vice
president, every single christmas we spent all of christmas day at walter reed. these kids are amazing. and thank god there's not as many people to visit. all of the people i'm seeing today who are being treated for four of them amputees are people who are in fact retired and they're real heroes. and then we're going to go see the vaccination distribution. so i spent a lot of time at walter reed. they're great americans. they're great people. nice to see you all. >> can you talk about the covid -- >> i'm sorry? >> with covid relief and reconciliation? >> i support passing covid relief with support from republicans if we can get it. but the covid relief has to pass. there's no ifs, ands or buts. thank you.
>> all right. so that was pretty brief right there. dr. emanuel, back to you, on the new strains that are out there. and this news that the vaccine, at least the johnson & johnson vaccine is not as effective on the south african strain. >> well, first of all, let's back up. if you read the second line of the press release, it said that the effectiveness grew over time. that at 28 days, 85% effectiveness, regardless of place and age and gender. and that's important. and after 49 days, no one got a severe case. and i think that's pretty impressive, focusing on the 72%, missing the whole picture. and the whole picture is your actual immunity from this vaccine increases over time. and that's a really important factor. second, on the variant, i think that there are three things we need to do to address them immediately. and i know the administration is
working on this. the first is, we need more genetic screening, more strains, to know how many variants are out there. and to test them to see how serious they are in terms of debating diagnostic tests and monochromal antibodies. second, we're going toed me nor vaccines. and i know the administration is working on it part of it tested against what we had in the united states, part of it against the south african strain. and the ability to add more strains and variants that come about. and the last thing which has gotten no attention is, we need more therapies. more therapies that you can take orally or intranasally that are effective, in case the vaccine isn't working in your case. those are the three things i
would do about the variants. >> so there's been little news about regeneron, a guess more studies showing that it is quite effective, if you're able to use it early on. but that's something that's being given -- you can describe it better than i can, given in hospital. what news do you have? or what do you know about the therapies that are being worked on given they're not in the headlines every day? >> that's true. the monochromal antibodies, if that targets, and regeneron is two monoclonal antibodies. we have the brazil variant, the los angeles variant. and there would be more variants, we can be guaranteed that. the other problem with monoclonal antibodies they take more hospital personnel to
administer them, the patients, so it's not like a pill that someone can take or intranasal administration or something that people can give to themselves. those are really the kind of therapies we need that can be scaled to millions of people and don't require health care personnel to administer them. so, we've had a recent report about culture, that needs to be evaluated, too. >> dr. emanuel, while i have you, briefly on schools, the cdc has said that the spread in schools is not to keep them close, essentially. there's very little spread in schools. are these new variants going to change that? >> well, i think actually, the cdc report that was published in jama summarizing the data, i think it's very, very impressive to restart in-person schools, in person classrooms, the data are, i think, pretty compelling. and one of the things that happened in schools is you enforce mask wearing.
you enforce social distancing. you enforce small pods, you enforce handwashing and that keeps people safe. it's not absolutely safe but much safer being in the community where they could be haphazardly introduced and adhered to. plus there's advantages to students. there's education. there's the mental health benefits. there's food. so, i think we really do need to open up schools. and what the report also says is, look, where's the big risk. the big risk is, indoor sports and we need to stop -- that's where the risk is in schools. >> dr. ezekiel emanuel, thank you for joining us, as to you, dr. monica alba and dr. azar, we appreciate it. while other states grapple with long lines and mass confusion, west virginia was called out today by the white house on how well it's doing with its own vaccine rollout.
81% of all vaccine doses delivered to west virginia are already in people's arms. and the reason for early success is empowering mom and pop pharmacies and communities that may have been skeptical of the shot. with me now from shepherdstown, west virginia, is msnbc correspondent stephanie gosk. stephanie, explain. >> reporter: katy, it's remarkable. west virginia, the state, gets beaten up fairly often. they struggle with poverty. they have poor health. it was pegged early on as a state that was going to have a real problem in the vaccine rollout. instead, they're being held out as the shining example of what works. we spoke with the covid czar here, dr. clay marsh who has been part of the rollout in the beginning. he said one of the reasons in addition to the program you just talked about with the pharmacists is that they set up an organization that was ready to be agile, he said. an organization that would be
able to recognize problems when they happen, because this is an unpredictable pandemic. an unprecedented pandemic, then be able to shift and actually respond to them. early on in the vaccination effort, they said, listen, we've got this option with cvs and walgreens to vaccinate in the state. but instead, they decided to go with a network of private pharmacies, there's quite a few of them in west virginia, a 100 more or less. they asked those pharmacists to take care of vaccinating in their area. we visited with a husband and wife team. they are both pharmacists. they own five pharmacies in the panhandle of west virginia. they have been getting up early in the morning. driving all over the region, vaccinating people, getting home late at night. and they have said they moved quickly because there hasn't been a lot of bureaucracy. i asked how they were tapped to take this project on. this is a little bit of what
they had to say to me. >> so, your phone rings, and what do they say to you? >> we need your help. and we said, sure. yeah, it started out the first week with 16 pharmacies. then expanded out to 60 the second week. and we crushed it. >> has it helped you that you're from here? that you're visiting people who might be a little bit nervous that this is your backyard? has thought been -- has that made it easier for you? >> absolutely. actually, half the staff -- most the staff -- they weren't going to get the vaccine. and i pretty much talked them into it. because we are local. most of these people we know. >> reporter: so, it's really that local kind of built-in trust that they've been building for decades that allowed them to kind of move freely between the clinics, convince people that they needed the vaccine. now they're being pegged to go to social workers and schools
and things because it's worked so well. katy. >> stephanie gosk in west that. thank you. what you're seeing in the left-hand side of the screen -- well, it's suppressed now -- what you were seeing were joe biden at walter reed medical center. he didn't get there by a snap of the finger. the other video we had was a tape playback, played to us on his way to walter reed. congresswoman cori bush is moving offices after a confrontation with marjorie taylor greene. she said taylor greene and her staff yelled at her in the hall. and the fbi raises concern for pipe bombs at the rnc and dnc, the day before the siege at the capitol. first up, though, post-trump civil war, inside the republican party. what exactly is happening there? stay with us.
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the republican party is, well, let me try to explain -- on the one hand, there's the debate over kuuan an supporter and congresswoman marjorie taylor greene and whether her trumpian politics and embrace of the conspiracy theory should have a place in the gop. on the hand a punishment of the leadership, congresswoman liz cheney for her support of the
former president's impeachment. yesterday, trump ally matt gates, travelled to wyoming, far from his native florida, to hold a demonstration against his gop colleague, against liz cheney in her home state. >> you can help me break a corrupt system. you can send a representative who actually represents you, and you can send liz cheney home. >> one of my next guests travelled to wyoming for that rally to see what was going on for herself, politico tara palmieri wrote, at harvard freight tools when i uttered liz cheney, a worker muttered an epithet. joining me now, tara palmiri,
and katie parker. tara, given what you saw, what's your takeaway for the broader republican party within the house? >> i think if there's any doubt, like i said, trump does not control the party, he clearly does. from the people i spoke on the ground, trump is way more popular than wyoming's only representative liz cheney who has this famous name -- she's been elected three times, these dick cheney's daughter and yet when i mentioned her name there was evisceral anger about her because there's more loyalty to president trump through anyone who opposes them. these people don't even want to call themselves republicans, a lot of who i spoke to on the ground, they are members of the trump party. he won wyoming by 43 points. so, there's not surprising that there is this reaction. but it just showed there's a reason why a lot of these members of congress are reluctant to break from trump and some are running full force
at him like matt gaetz, because he's popular on the ground. i struggled, katy, i went to so many places, gun stores, restaurants, bike shops, pawn shops, anywhere, trying to find someone who would defend liz cheney. if they didn't know her, they didn't care, they thought she was the mayor or senator. but who they did know was donald trump. and no one would get the vaccine of people i asked. i asked over two dozen people they would get a vaccine. they believed the election was stolen and they were spouting out a lot of talks points that you hear from what is becoming establishment republican party. these are the voices that they're hearing. >> so, it sounds like -- and by the way, you said you had a hard time getting people to talk to you while you were wearing a mask. but, ashley, it sounds like even know donald trump doesn't have a platform any longer, he's not on
twitter. he's not on facebook. haven't heard from him, haven't seen him since he left office, other than that picture with kevin mccarthy yesterday, that he still has quite a hold over the republican party. does he expect to maintain that as time goes on? or -- i don't know, is it out of sight, out of mind, eventually? >> well, the former president certainly hoped to maintain that hold. when we see the hold over the republican party, the key thing that's important to remember, and the key thing that will be a challenge for the republican party writ large is that donald trump's hold is over those people that tara just described. the people who are sort of maga nation before republican. the people he has used correctly as his base. so if and when he chooses to try to exert his authority or his power or his sway, we absolutely have ever reason to believe it's
something he's desperate to do. he's not going to do it as a consensus builder and trying to help the establishment and unruly caucus. and is going to be talking to people who he egged on with conspiracy theories with the falseless beliefs that joe biden did not win the election. with dangerous misinformation about the vaccine and coronavirus and science, that is going to be the part of the party that he controls. and that's going to make it very difficult for the party writ large to really chastise and punish and distance themselves from these members who are now, you know, firmly in their ranks. >> so, i guess, tara, the question is what does it mean for the ability for congress to legislate, if they're moving into even more of a trump faction, where, you know, someone like liz cheney might get removed from leadership, potentially. she might find herself in jeopardy up for re-election in 2022. again, two years is a long time,
so we'll see. >> yeah. >> what does it mean for the party's desire to get on the same page with democrats for anything? >> i think it's going to be really hard. you have have a modern constituency to be able to do that. trump on the forefront, not on twitter, not speaking, it's almost like he's become this looming martyr, legendary figure, and people who are persecuted are warriors for trump. it may have made it even more popular, people more suspicious of the republican party has existed forever. and i can see, these are the people that go out to vote in primary elections, and that's why someone like liz cheney should be concerned, even though that primary is in 2022. because these people feel so passionately, the ones i had to ask how they feel about liz cheney, didn't know who she was,
they're not going out to vote in the primary. it's the maga, the baby boomers, the pro-trump, they're going to control the party did they actually go out and vote in primaries. >> the question is what happens in the general election. tara, please keep doing these reporting trips. you sound a lot like what i sounded like in the beginning of the trump era when i was trying to wave my arms -- no, listen, he's got a following. >> yeah. >> thanks so much for joining us. ashley parker, thanks for coming as well. always love to have you. up next, how much work can really get done on capitol hill if lawmakers fear each other? we're going to jump off with what we were talking about with tara. congresswoman pramila jayapal is with me after the break. nd crean the kids' juice aisle.
reward for the information for the person who placed pipe bombs during the capitol siege. and also raised suspicion saying that the bombs were posted before january 6th. "the washington post" obtained the security footage of a citizen carrying a backpack just after january 5th. joining me now is nbc news correspondent pete williams. pete. >> well, you're right. this is the new information that we have. that investigators have concluded that the bomb was placed the night before they were discovered -- the bombs, i should say, plural, the next day. it was just about 90 minutes before the capitol riots began that these two devices were found at the headquarters at the two national party offices on capitol hill a few blocks apart. that served to draw away some of the police who should have been at their post at the capitol, they were responding to what investigators say were fully
working bombs made of metal pipe, with a kind of common kitchen windup timer on each one. to be clear, these are videos that the post got by doggedly going around to varies addresses and asking for surveillance video. but the fbi tells us they already have seen and have these videos. and they say the person was wearing a face mask, gray hoodie and distinctive footwear, nike air max turf and carrying a black pack back. they don't know who this is. to help loosen people's memories they have increased the reward here to $100,000 now. >> is this still a national search, are they zeroing in on a particular area for the suspect? could he possibly be a local d.c. resident? >> they just don't know. and that's -- i think whenever
you see the reward money offered, it's a sign that they don't really have any suspects. and that's why they're eager to get public help. you know, very often when they do this in bombing investigations around the country, somebody will see something that strikes them as familiar. but it is these videos from which the fbi had pulled earlier, the still pictures that we'd seen in the two wanted posters. the one that came out a week or so ago and the one issued today with the new reward offer. >> pete williams. pete, thank you very much. relationships in the house are at a breaking point as the fallout from this month's attack on the capitol still does loom large. house speaker nancy pelosi referred to some of her republican colleagues as, quote, the enemy within. and "the washington post" reports some democrats have purchased bulletproof vests. and they're going to find any member of the house who dodges metal detectors over concerns a
member of congress might be trying to bring a gun on the house floor. joining me is congresswoman pramila jayapal. aoc has raised this with republican colleagues. we just had cori bush tweet about how she asked nancy pelosi and has been granted, a move of offices because of a confrontation she had with marjorie taylor greene, she said greene and her staff berated her in the hallway and targeted her and others on social media. she's moving for fear of her safety. how do you feel? >> well, i think it's very real. we all feel this tension of our colleagues who are continuing to not admit that joe biden won the election. or continuing to engage with white nationalist extremist
groups that were part of the insurrection on the capitol. are continuing to tie themselves to donald trump, the president, who incited the insurrection. the most violent on the capitol since the war of 1812. the reality is, there are too many members of the republican party who are referring to wear masks. are referring to go through metal detectors. katy, you know you can't even get into a baseball game without going through a metal detector. here we are with these colleagues trying to bring guns on to the floor and refusing to follow the laws that have been established to be a member of congress. so it is real, the security threat to us, individually, in our homes, in our districts. and on the floor are real. and so is the rage at republicans who are choosing a cult party and a cult figure, over the constitution. and that's what it is. so, you know, i have a lot of respect for liz cheney, for adam
kingsinger, for republicans, who understand their number one duty is to make sure we preserve our democracy and constitution. and donald trump -- if republicans choose to go along with donald trump they're choosing to go along with a president who incited insurrection and who is actively courting rising of the confederacy and, frankly, a civil war. >> democrats have the majority to legislate. but do you see any possibility for any bipartisan cooperation? is there anybody in the house right now that you can work with? >> well, there are a small number of republicans who did not go along with all of this. and i it has only strengthened our resolve to work with those republicans. but we should be really clear. that's a very small list. we have lists of republican members who voted to overturn the elections, even after the
insurrection, who gave what appears to be aid and assistance and planning to insurrectionists and who are continuing to support donald trump. and i can tell you that across the democratic caucus, there are many of us who feel that we simply cannot work with those individuals. so, it is a difficult time. but we can't act like this is normal. and at the end of the day, let's differentiate, between the people across the united states, many of whom want to see the minimum wage raised, even if they are republican, even if they voted for donald trump. they want to see the vaccine distributed and covid taken on. they want to see infrastructure investment. and republicans in the senate and house are going to refuse to go along with those unified proposals, that joe biden is pushing and that democrats are pushing, then we will have to go it alone. but we are not going to succumb
to this moment of, you know, really, terribly troubling times for our country. katy, the road to fascism is littered with moments where people either did not speak up, or they went along with what was being proposed. and i do fear, for our country in this moment. >> congresswoman pramila jayapal, thank you for joining us. stay safe. >> thank you so much. from wall street to capitol hill, the gamestop trading frenzy takes another dramatic turn. now lawmakers are involved. first up, expressing support for assassinating lawmakers, massacres of children, false flag events. and a claim, a laser beam fired from space -- hard to say this without laughing, but it's true -- a laser beam from space
caused a deadly wildfire in california. how far is too far for the republican party? ♪ got my soul ♪ ♪ got my mouth ♪ ♪ i got life ♪ want to sell the best burger in every zip code? add an employee. or ten... then easily and automatically pay your team and file payroll taxes. that means... world domination! or just the west side. run payroll in less than five minutes with intuit quickbooks. ♪ don't you tell me that i'm crazy... ♪ ♪ don't you say that i'm losing my mind. ♪ ♪♪ ♪ if i'm acting a little strange ♪ ♪ it's cause there's something new in my life. ♪ ♪ i'm in love... ♪ ♪ love, love, love. ♪ ♪ it's everything i've been dreaming of. ♪ ♪ i'm in love. ♪ ♪♪ celebrate your love with a gift from pandora jewelry and discover all the ways to shop.
just what you thought you'd heard it all, congresswoman marjorie taylor greene then comes this, there's an old facebook post, you'll see in a moment, since deleted from her facebook page that was found by the progressive watchdog group media matters. it's not been verified from nbc news. it is from 2018, the year of the deadliest wildfire in california history. the camp fire that killed 85 people. taylor greene repeats a qanon conspiracy theory that the fire was set by a power laser from space, triggered by a mysterious wealthy cabal. it was caused by power lines. it's one of many conspiracy theories she's pushed and no
evidence of the plane crash on 9/11. and that sandy hook were a plan for stricter gun control. and she also said that other people manage her facebook and she may not share all of those opinions. but in response to all of this, some democrats on capitol hill are calling for her to be expelled from congress. republicans gave her a seat on the education committee. joining me now is new yorker staff writer charles buethe, and gary riggleman the author of "big foot it's complicated." charles, you've gone to marriage marjorie tale greene's district and what did you learn about what they wanted and are they getting what they wanted?
>> a little background for those who don't know, she's a former cross-fit gym manager and has had a few roles at her father's construction company and has no political background at all fm. in that way, she's very much like trump. that's what her constituents were excited about. she -- you know, she really echoed a lot of trump rhetoric in the runup to her campaign. last fall, a lot of talk about stopping socialism. a lot of conservative talking points, not a lot of substance and, you know, it pushed the right buttons for constituents. and, you know, they overwhelmingly elected her. >> denver, she is becoming one of the prominent faces of the gop right now. there's matt gaetz who travelled to wyoming to try and help get liz cheney out of the party. kevin mccarthy who just took a
photo of the president with josh hawley and a raised arm before the capitol insurrection. and marjorie taylor greene with all of her conspiracy theories that quite frankly get weirder and harder to believe by the day, laser beam shot by space. is this where the republican party is going? are they going to way as opposed to liz cheney or mitt romney? >> you know, katy, it got difficult to track data after the social networks were taken away. you look at greene right now, she's a conduit what some people still believe in stop the steal out here in central virginia. i'm still seeing trump/pence signs, the trump signs are scraped over in black. there's foul things about the former vice president there. i think you'll see a surge in
anger. i think you'll see president trump coming out and speaking soon. there's a lot of money out there, and i think marjorie taylor greene is attracting that money and anger. i really did think we had some time to purge this out of the system or gop completely. right now, i think you're seeing a really quiet rage, almost a double down in the conspiracy theories. things like marjorie taylor greene, she seems to be attracted all you of the conspiracy theories. she likes them all. and i've never seen anything like it. >> charles, when you went to the district -- your piece, by the way, in the "new yorker" is fascinating. and it seemed like on the fringes at least, an electorate that was maybe more fertile
breeding ground of acceptance of the conspiracy theory. at the same time, she's not the only qanon supporter. and lauren boebert from colorado. when i went around and talked to voters here in new york city, before the election, a lot of them expressed the suppo pedophs surprising. how representative is marjorie taylor greene's district now of the broader republican party? >> i still think it's -- it's still on the fringe. i'm not ready to say that it represents the broader republican party. but it's a pretty scary fringe that i think is seeping into the rest of the party. and there's great concern for the kind of poison that, you know, can leach out into the party from there if it's not stopped. and there's no clear evidence so far that folks are really willing to come in and stop it. you know, you have her being
appointed to the education committee. you have folks sort of watching as she ties to impeach joe biden. a lot of these are, certainly, flatly absurd and kind of crazy things. that they're being just sort of watched, instead of spoken out against. so, you know, i think there's a grave danger that -- yeah, go ahead. >> i'm sorry, the pauses sometimes get me with these delays and setups. denver, quickly, before we have to go, is this a play for the primaries? or is this a play for general elections going forward? does this get more republicans elected? >> i think they'll do fine in the 2022 elections. i think they're going to do just fine. i'm seeing it out here, we have people running on election integrity and stop the steal. they're using the same language, katy. so, i want to be pessimistic about the chances of those individuals that use that kind of language, i really do.
i'm so glad you're able to go out and see that district where she is. right now, i'm still seeing anger and rage. we're not seeing any difference on the chatter. based on president trump. i think him going gone for a while and quiet has actually increased some of the anger. i think they're going to run on stop the steal, election integrity. i.d. voter laws. that's what they'll run on in 2022. i don't think you'll see that much damage against the gop in the midterms that could be concerning for people who look at conspiracy theories and disinformation. >> that's interesting, tara palmeri said the same thing about the base going quiet. denner riggleman, thank you for joining us, charles, thank you for joining us. coming up gamestop -- or make it stop. is a revolution brewing or is a revolution being squashed on wall street? you've been hearing about this. we're going to try to explain what's going on, next.
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boneert. game stop, robinhood, reddit. if your head hurts from hearing those three words, you're not alone. it seal like everybody is a regulatory expert. it is being called the new occupy wall street. the revenge of the masses. sticking it to the uber rich folks behind hedge funds. turning the tables on the very people who are used to manipulating the markets. they to make huge money in the process. and this description from "the new york times," it's an absurdist, pretty sure i hallucinated it drama involving game stop. a struggling video game retailer that became the rope in a high stakes tug-of-war between wall street suits and a crusading internet mob. okay then. there are a lot of new developments today. investigations being launched. be careful warnings being thrown about. but what in the world is
actually going on in it can be hard to follow but it is a that i go deal and we're going to break it all down in a way that we can all understand. myself included. joining us now to make sense of it all, politico's chief economic corn, ben white. mr. white, it good to have you. make sense of this for you. >> okay. so game stop, nobody really going to it anymore. revenue is down. it takes off like a rocket ship. why did that happen? a lot of people on reddit, on wall street bets, decided to buy it up and bought in it massive numbers. it spread to facebook and everybody's aunt and uncle jumped into it and it sent the shares up 7,000% with no fundamentals. robinhood, this online platform that allows people to buy and sell shares with no cost, democratizes the market, was facilitating this. and then yesterday essentially
ran out of money. they were getting call to have more cash on hand. drawing down the lines so they stopped allowing people to buy and that drove everyone nuts, including people in washington who basically that, oh, boy. now big wall street is moving in to protect the hedge funds, the brokers, and the masses who want to buy these shares can't do it. it is under fortunately a little more complicated than that but it does look a little like big wall street stepping in to squash the little guy who sent these shares into orbit. not just game stop. it was amc, too. a theater chain doing poorly with covid. the price went up like crazy and several hedge funds got crushed. >> blockbuster and tootsy rolls. >> congress is having hearings. when we've seam it before, they've been, not done so well. but underwhming.
it seems like the lawmakers don't have any understanding of the internet or technology. are you hopeful that they'll get anywhere on this? >> i can't say i'm super helpful but there are interesting questions to ask here for congress. and one of them, and they're all very angry at robinhood and likely so. they were not positioned to handle this kind of volume and didn't have the money they had on hand to be able to deal with this. the question is, are online trading platforms underutilized. so there are issues there. i'm very much on the side of the retail investor. i think everybody should be able to buy whatever they want whenever they want despite the underlying fundamentals. but back in the '80s, we had, you saw the movie boiler room, people would be in a room, talk up the penaltiy stocks, get people to buy them. and there is an element to that too. are people going into chat
rooms, pumping up stocks not worth anything. getting mom and pop to buy them. and then they are left holding the bag. so there is an issue here protecting retail investors from themselves to a degree and whether we need some disclaimers on folks going into chat rooms, pumping up stocks. whether they know them or not. what their position is. so there is a little of that. but more broadly, i think it would be to take a look at places like robinhood and whether they are in a position to handle this kind of volume and perhaps underregulated and need fresh eyes on them. >> you talk about penny stocks, my thought is about wolf of wall street. and trading places. >> ben white, thank you. i have more questions. we'll have to have you back.
it is friday. still though, if you are going out, wear a mask. if you're staying in, ayman mohyeldin picks up our coverage after the break. s up our covera after the break. it was the age of wisdom... ♪ ooh la la by cherie ♪ the moxie showerhead speaker. only from kohler. since my dvt blood clot... i wasn't sure... was another around the corner? or could things go a different way? i wanted to help protect myself. my doctor recommended eliquis. eliquis is proven to treat and help prevent another dvt or pe blood clot. almost 98 percent of patients on eliquis didn't experience another. —and eliquis has significantly less major bleeding than the standard treatment. eliquis is fda-approved and has both.
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xfinity makes moving easy. go online to transfer your services in about a minute. get started today. good afternoon. i'm ayman mohyeldin in new york. president biden just took his first trip on marine one as he visits soldiers at walter reed. he took questions calling on congress to come together and
quickly pass a new pandemic relief bill. >> i support passing covid relief with support from republicans if we can get it. the covid relief has to pass. no ifs, ands or buts. >> the relief bill comes as some of the top advisers warn that new mutations of the virus could multiple here in the united states. all of this as the u.s. is on the verming of reaching 26 million confirmed cases of the virus. as the death toll surpasses 435,000. with nearly 89,000 deaths in the month of january so far. the deadliest single month of this pandemic. and new this afternoon, two democratic house members are introducing legislation to censure republican congresswoman marjorie taylor greene. later this hour i will speak with nicole hockley whose 6-year-old son was killed