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tv   The 11th Hour With Stephanie Ruhle  MSNBC  May 12, 2022 11:00pm-12:00am PDT

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real life players took on wall street as the 11th hour gets underway on this thursday night. good evening once again, i am stephanie ruhle. 180 days from the midterm elections. and just hours ago, the january six committee did something never before done. less than a month before public hearings on the investigation, the committee today issued subpoenas to their own house colleagues, requesting that they come and testify about the insurrection. the five subpoenaed republicans include caucus leader kevin mccarthy, andy biggs of arizona, moe brooks of alabama, joe brooks of ohio, and scott perry of pennsylvania. all our allies of former president trump, and all refused to comply with earlier question invites to the committee to appear voluntarily. >> these are people who were involved in this discussions with the president. they were in communication with white
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house staff on january 6th, leading up to it, somewhere involved in the effort to overturn the election. someone spoke at the rally before the attack. one has said publicly that the president called him to rescind the election. >> the committee wants to talk to mccarthy, investigators want to know what's big snows about the stop the steal efforts. brooks can tell them more about trump's ongoing claims that he be returned to the white house. he is the one who urged people to quote, kick ass and take names at the rally just before the riot. he also most asked jordan about claims to overturn the election, and period but the plot to replace the acting u. s. attorney general. all across the board, they want to ask about how they are pushing the big lie. it is very important to note kevin
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mccarthy has been heard on tape talk about how to get trump out of office shortly after the riot. he then ran off to mar-a-lago and meet up with trump. today, mccarthy was on the hill feeling questions about these new subpoenas. he and a few other republican targets were defiant and dismissive. >> my view on the committee has not changed. they're not conducting a legitimate investigation. it seems as though they just want to go after -- >> the fact that they sent it to the press before they sent it to the members is just prove that it's about headlines. >> i think this is an illegitimate committee and they do not really have the authority to issue subpoenas in my opinion. so we do not want to dignify what they are doing. this has been a witch hunt from day one. >> in my opinion. several federal judges have already ruled on the committee's legitimacy, and today the chairman and his colleagues made it very clear that they have the right to resort to subpoenas. >> i think the committee believes that we have the authority. and we felt comfortable enough that now is the time to do it.
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>> i feel every reason to believe that people who are receiving subpoenas today will comply with their legal duty, and i would say moral duty to cooperate with an investigation. >> we have information from other sources that lead us to believe that each one of these individuals who are our colleagues have information the committee needs to tell the full story. >> could there be more subpoenas for other members of the house and or a senate? >> it is possible. >> well, trump's allies and congress are battling january six investigators. he himself may have another legal fight on his hands. this one concerns those classified white house records that ended up, guess where? mar-a-lago. the new york times reporting federal prosecutors have begun a grand
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jury investigation into whether those records were mishandled. authorities are also asking for interviews with former trump white house aides. with that, let's bring in our experts, ashley parker, bureau chief for the washington post, she has added another -- former teams coverage of the january 6th riot. congratulations, ashley. we also have with us luke broadwater, congressional reporter for the new york times. and my dear friend, tali farhadian weinstein, a former federal and state prosecutor here in new york. she clerked for merrick garland, and justice -- it is 11:00 pm. i am going to try to stay as calm as i possibly can. but i warn you all, i am pretty fired up. when i hear jamie raskin say he fully believes that they will fulfill their war of duties and
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comply with these subpoenas, i am not sure why he thinks that based on what we have seen for the last four years. but let's get to it. luke, serving subpoenas to your colleagues in congress, many people who have been asking for this for months, but it is a huge undertaking, and huge risk. why do it now? >> they are really out of other options. the january six committee is coming up on an important set of hearings in june. and there is a key avenue of the investigation which is basically left unexplored. and that is the role members of congress played. they have information of their sources, they have been able to compile a record of one of some of these members of congress did. so far, so -- has sent to a republican member of congress has been rebuffed. no one has been willing to come in voluntarily. so there was a lot of debate internally on this committee about how they should
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approach this. how they can get people to come in. they did not want to have to issue subpoenas. but they really feel like they have no other choice at this point. that the only chance that they have forgetting any republican in congress to come forward and testify about what they know about january 6th is to issue a subpoena. and you are right, it is unprecedented outside of the ethics committee, at least in modern history for there to be a subpoena of a sitting member of congress by a congressional committee. but i would also note that, it is unusual also for members of congress to fight an investigation to not want to come in. if you look at some of the previous investigations carried out by republicans, democrats did participate with those investigations. hillary clinton famously sat for 18 hours on the benghazi hearings, i am sure she did not think that that was a totally above warrant investigation. yes, we are in unprecedented times. >> which we have been for years now. so let's start running the clock. because ashley, if republicans take the house next year, essentially this year, that the committee should be prepared for removals, retaliatory subpoenas, and even impeachments. what is at stake if these congress people run the clock, they don't ever testify, and then republicans take the house, then what
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happens? >> well, it is in some ways as is reported. this was one of the concerns. when you take an unprecedented step to subpoena your colleagues, there is a belief among democrats that they will probably lose the house, and that issues the republicans and former president trump have long been hammering, like joe biden's business dealings, and his lap tops, will be totally fair game in their eyes for investigations, for subpoenas, and also that it sets a precedent if republicans do not show up in this case, then what the democrats do when they are subpoenaed. if republicans show up and completely stonewall, and are not helpful, is that what democrats then do when the people -- and finally, you saw a lot of these january six
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asking what's next? what if they don't show up for their testimony? will they hold them in contempt, which would be even more unprecedented for a sitting member of congress. so there is going to be a bar, and a precedent set here, that a red line drawn that members of both parties will remember going forward. >> presidents matters. it does not matter for four years during the trump administration when people said their hair on fire day in and day out. and then trump basically faced no consequences. so, when you look at the clock here, the midterms are only 180 days away. tell me, once you are served a subpoena, when you actually have to sit? do you have to? >> well, the question do you have to depends, i think we are learning where the subpoena comes from. because, the defiance of the january six committee is just becoming a regular back -- fact of life.
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this is totally unprecedented. i think it is really showing us that our constitutional system is really not equipped to deal with this kind of intraparty, inter branch fighting, calling of each other's gloves, and that the subpoenas may in fact never be answered. and may actually spotlight the difference between a congressional subpoena and a subpoena from doj. >> then doesn't it reveal that congressional oversight has no teeth? >> well, there are a lot of questions here, stephanie. one that seems for sure to me is that the actions of these republican congressman are destroying the ability of congress to bring congressional investigations. because if you can just say, i just don't think that is a legitimate investigation, then just as you say, it kind of does defamed the entire thing.
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>> i want to play a clip of white committee member said earlier to our colleague. >> has the committee ruled out criminal referrals for members of congress? >> well, we have not discussed any of that. right now we want to hear from them. >> luke, let's get real. they are not going to hear from them. we are talking not just about a political party, but a specific group of republicans who signature is owning the lid's. none of us can sit down and get an interview, an honest interview, with any of those sitting republicans right now. they wouldn't. it is not in their agenda. so, are democrats being naive with this idea, they think that they are going to do the right thing, we are anxious to hear from them, we are not going to hear from them. >> i noticed every single member of the committee today at the same talking point, which is that they did not want to talk about what is the logical next step if the members of congress refused to speak. and that is a contempt
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referral, which does carry jail time monday heavy fine. and they have used against for different potential witnesses, including a former member of the house, mark meadows. so, they have been very reluctant to say that this is where this could potentially go, and maybe they won't ever take that step, but that is the threat that is hanging over someone's head when the issue a subpoena. if you talk to some of the witnesses that have gone for the january 6th committee that did not want to go, they all say i did not have $10, 000, or $100, 000, i don't have enough money to have a criminal charge. so i went and i testified, and they gave them whatever emails, and texts i had, and that was that. so, that same threat does know exist for the members of congress who have received these subpoenas. now, they have a little bit of a better argument than just a random witness because there are certain protections and the constitution for members of congress, especially for hauling them into court over
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their official actions, but a lot of these things that they have participated in was not official actions, and it is hard to see how necessarily the protections in the speech and debate clause would protect those, so i do think that if it comes to it, we could be facing a showdown here if these republican members of congress do not show up for their depositions. >> i want to quickly change the subject before we run out of time. ashley, you have been covering this baby formula shortage. it is a scary and confusing situation. we will dig into it tomorrow night. but for now, the white house is discussing it. what are they saying they could potentially do? >> so, today they unveiled a different step they planned to take, one is increasing imports of baby formula, right now about 90% is produced in the united states, another is directing state attorney generals and the fcc to deal with price gouging on the formula market, people who sort of recognize the fear of parents with young children. and tried to treated for an incredible upset. the third
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thing they rolled out was taking federal distance programs known as well wic which allows women to buy products such as formula. to allow them to do that more easily. >> the department of justice is also investigating trump's handling of sensitive records from the white house, how big of a deal is this? we are hearing trump could be questioned. people in the white house could be questioned. but why the questions, or requests for questions already out here for months on an assortment of topics? >> yes, well, it would have been unthinkable for the department not to investigate this. the department typically investigates the mishandling of classified information, not necessarily to bring criminal charges, but just to figure out what were we exposed to when this material was mishandled.
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but i think that it is possible that there is more to it here. for one, i think it is just impossible for anyone who was involved and the mishandling of these boxes to say that they did not know the prosecutors would have to prove that they knew that the law was that you can't move this stuff around. in my experience, around classified documents, you are told all the time regularly and routinely what the rules are. i will tell you on my mind, the prosecution from just a few months ago in february by the u. s. attorney in hawaii against a young woman who took some classified documents to her hotel room, apparently so she could work on them at night, and she was prosecuted, and she was sent to prison, and the u. s. attorney said it doesn't matter if your motives were benign. if you knew that you are not supposed to do that, it is really important that we
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enforce the law that keeps this material safe. >> all right then, ashley parker, luke broadwater, tali farhadian weinstein, thank you all for starting us off tonight, when we when we come back, it's been pushing angry, angry comments about these new subpoenas to members of congress. author turned activist don winslow on his angry pivot to politics. and later, how seriously should we take the rattling from russia, now that one of its neighbors are eager to join nato? the 11th hour just getting underway on this thursday night with flags flying at half staff to remember the 1 million gone from covid tonight. on from covid tonight
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government was very large. we need to hear from all of the parties who have information, so we can get the complete picture, so we can protect our country going forward. >> the question is, will we ever hear from all the parties? kevin mccarthy in the four other house republicans are supposed to appear before the end of the months, the one new york times bestselling author turned activist made it very clear today, he ain't holding his breath. welcome to the show this evening, don winslow. his latest book, city on fire. the first in a new trilogy, but it will be his last series. he's retiring from writing to focus on one thing, political
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activism. don, welcome. you, my friend, are not shy about your frustration with the january six committee. today, he posted this. after 16 months, the january six committee finally subpoena kevin mccarthy, jim jordan and three more, but it doesn't matter. it's too late. hearings are next month, mccarthy already said he would not cooperate. this is all theater, none of these people will ever testify on tv, or under oath. i get it, you are mad. >> i'm mad. >> which of the committee have done differently? >> started earlier. it took six months to form this committee. it took one week, after the john kennedy assassination, to form that committee. they should've issued subpoenas immediately, instead of issuing invitations. what's an invitation? what is a courtesy meeting? why are we bringing people in behind closed doors and telling them we're asking them, please talk to us, please talk to us?
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when we saw them committing crimes. it's ridiculous. now we're 16 months into this thing, and we're just now issuing subpoenas. how are we going to enforce the subpoenas, stephanie? >> so, do you think democrats are being naive when they talk about moral obligations. in the last segment, i heard that word unprecedented over and over for four years. we talked about how things were unprecedented and wouldn't happen again, but here we are. >> everything's been unprecedented. let's start with a presidential candidate paying hush money to a porn star. let's start with a presidential candidate making fun of a disabled reporter. let's talk about a man who came on your network and said that he fired -- jim comey in order to shut down the russian investigation. precedent, precedent, precedent, precedent. how many unprecedented things that we need to take action here? >> then, have you last fly in
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face him democrats? at the end of the day, if they're expecting republicans to do the right thing, the only person they should look to his merrick garland. -- he would be on the supreme court today if republicans to do the right thing. >> yeah, if they had moral obligation, or whatever that phrase was, merrick garland would be on the supreme court. where we're looking for now, but we absolutely need to do is put heavy, heavy pressure on merrick garland and the department of justice to pursue this investigation. it's too late now for this committee to do it. the clocks going to run out. >> let's talk about different consequences. remember when trump win was running again, and saying he, just wanted to stay in office to avoid consequences. since he left, to one of those consequences? -- jared and ivanka richer than ever. trump remains the most powerful men in the republican party. i don't see anybody he's going to a real punishment. >> there have been no consequences. we live in a world without
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consequences, except, sadly, the consequences are to us. you saw the other day with overturning roe v. wade. that was a consequence. >> is this why you're leaving writing to go full-time activist? was making you do this? >> january 6th, largely. look, it's been on my mind since 2016, since the trump election. i've been very active on twitter, my partner and i produce these videos together. i think they've had some effect. the candidates tell us so. we've had over 250 million views of these videos. i think we are getting something done, we're speaking to people. i think that we are at an existential point in american democracy. an existential crisis. either we're going to move ahead, as a country that guarantees rights for everybody, regardless of race or gender or sexual orientation, or we're going to fall back into the shoddy, sorry fascism
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represented by trump's imitators. i'm at a great point in my career, this career has been fantastic to me. better than i've ever dreamed of. but now is a time for me to pay it back. i think my best efforts should be in this fight. >> how worried are you that we're heading into the midterms that we're not talking about voting rights legislation? we were months ago, but it's not happening now. the voting rights are protected, none of this matters. >> absolutely. i'm very worried about it. what did happen with the voting rights argument? also, one thing we need to focus on is the secretary of state races in these various states. you have a radical republicans, who are problem aiding the promulgated the big lie about the stolen election, running for those offices that they'll control how the votes go. how the votes are counted in those states. we can be in deep trouble in our democracy if enough of
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those people get into those offices. >> well, don winslow, you are out there putting up a fight. thank you so much for joining me tonight. i hope to speak to you soon. >> thanks for having me. my pleasure. >> coming up, russia's unprovoked invasion of ukraine began 11 weeks ago tonight. up next, the crime's new kremlin's new threat to expand the conflict when the 11th hour continues. the 11th hou continues. (woman) oh. oh! hi there. you're jonathan, right? the 995 plan! yes, from colonial penn. your 995 plan fits my budget just right. excuse me? aren't you jonathan from tv, that 995 plan?
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with nato for basically 30 years. we have always said for the past 20 years, joining nato is one of the options that we have. i think you just rightly said it, it's a step, it's not a leap. i think we've been communicating. also, the russians -- and i think the day has come. >> russia, enough threatening to retaliate after finland's leaders called for joining nato without delay. the russian foreign ministry said, in a statement, finland joining nato is a radical change in the country's foreign policy. russia will be forced to take retaliatory steps, both of a military technical and other nature, in order to stop threats to his national security arising. with us tonight to discuss. ben rhodes, former deputy national secretary adviser for president obama. msnbc political contributor, he was -- very mccaffrey. a decorated combat veteran in vietnam. a former battlefield commander in the persian golf. general, at turn to you first. russia taking retaliatory
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steps. that's vague and scary, what does it mean? >> a couple of days ago, they flew, allegedly, nuclear armed aircraft into a near finish airspace. it's an astonishing display of strategic incompetence. they are inviting finland and sweden to join nato. they help the threat in a way to alleviate their fears, it's complete nonsense. finland has a michelin -- if they call up all their reserves. russia has been incompetent in trying to dominate ukraine. 60% of the combat power have their air force. there are no position to threaten finland. what's, nuclear weapons? putin has a cascading series of disasters taking place. he's out of ideas.
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he's out of options. it's a tragedy for the russian people. >> so, how mad is putin? if putin joins nato, what does it mean for russia than? >> well, keep in mind one, of the rationales for vladimir putin watching this war, was the pushback between rush -- on russia's borders. with finland joining nato, we're talking about doubling the amount of territory upon which nato is on russia's borders. you talk about sweden joining as well. these are countries that maintain neutrality through the cold war. just think about that. even in the context of that conflict, they maintained neutrality, as a core element of their foreign policy. putin's actions of brought about nato expansion. the very thing that he aimed to prevent. i'm sure, as general mccaffrey knows, these are capable of militaries in sweden and finland. what he's done, he
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significantly strengthened nato, significantly isolated russia, while demonstrating, and ukraine, that the russian military isn't as strong as they were seeking to project before this war began. >> ben, is this a no-brainer for finland? what's the downside? >> well, i think the downside -- and russia is a country that they are next door to. he did want to maintain a bit of neutrality, even as the ambassador said, they've been taking steps in the direction, they do a lot with nato, they do a lot with nato militaries. but, the reality is, for them, nato is the ultimate insurance policy. nobody can look at vladimir putin and not wonder where is he going to go next. once they are member of nato, they have that are in clad article five to calm and offense. if russia used an inch in the finish territory, united states and nato are committed to bear defense. that's the insurance policy that they're looking for,
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watching what's happening in ukraine right now. >> general, republican senator, rand paul, delaying approval of an additional 40 billion dollars in aid to ukraine until next week. when you think about that? >> it's astonishing. he's an obstructionist. he's drawing attention to himself. he's a very erratic political leader. his own caucus widely supports moving his's bill through. you can delay for a week or so, and then it will pass. and -- article one of the constitution deals with the congress, the most important of the three -- branches of government. it barely functions because of this warfare. primarily, pryor merrily because of the republicans -- there is a bipartisan consensus at national security risk are significantly at risk, if ukraine goes under to russian aggression. rand paul is operating against
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our own national security interest. >> russia is now calling for a un security council meeting to present new evidence of alleged good use of biological laboratories in ukraine. there's a lot of people out there who can't even believe that russia can do or say anything with the united nations, how are they going to respond to this? >> this is been one of their conspiracy theories for sometime now. he gets a lot of traction on russian television. i think what this performances about, you know, stephanie, the audience is not going to united states, japan, south korea, there are other countries sitting on the fence. there are countries of china that are tacitly backing russia. these kind of performative antics, frankly, i think, are more design for those audiences. -- what -- is there any truth to these russian claims.
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there's obviously not. it's nonsense, is garbage. i think they constantly need to be putting forward narratives that's -- about the u.s. role here to try to present this as a conflict where russia may be at fault. -- but they might also be open to a russian narrative about nato 's culpability. this is a theater of the absurd. the tragedy is, they've turned the united nations security council -- the meeting, at the dawn of this war, was -- by russia, the aggressor. this is a body of united nations i was created to prevent this type of war. one of the casualties, and rubble effects of this war, is the degree to which they made a mockery of the international system that was set up after world war ii, with the united nations as its center. this is going to be another sad display of russia's disregard and disrespect for those institutions. >> isn't that part of what russia wants to do? putin wants to destroy the reputations of these institutions of the west.
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>> yeah, absolutely. he wants to make them look feckless. he wants to demonstrate that the leverage he has within them, as permanent men burr of the united nations security council. he wants to use them as a venue to spread russian propaganda and conspiracy theories. these nonsense assertions about biological weapons. that's part of his effort to sow chaos, and make it seem like nothing matters, no institutions better, he can do it every once as an aggressor in ukraine. frankly, there are audiences that will listen to that, including some people in the united states. decisively, he's losing the battle for public opinion, at least in the democratic world. >> we're bowing to need to do, ben, it's tell the truth every darn night. ben rhodes, general barry mccaffrey. thank you both for joining us. coming up, diamond hands. we'll preview the new msnbc documentary on last year's gamestop rally. the highlights, some of the
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real life players that took on wall street, when the 11th hour continues.
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it was a moment and a movement that captivated america. back in january of last year, shares of a company that people did not even think about, gamestop, surged more than 1600 percent in two weeks. retailer that sold video games. a group of individual day traders, many of whom had never
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played in the markets before, ever, with no financial education or background, banded together on en masse, online, to find a way to take on wall street. a new documentary from nbc news studio called diamond hands, the legend of wallstreetbets airs this sunday at 10 pm. it reveals the story behind that revolt. not just what it says about investing in trade. trading but with the real story is about -- humanity, culture, counterculture. here is a clip from that film. >> i wrote this post called the greatest short burn of the century. my brother, who is an actor, is going to come and read it for me, because it is too cringey for me to do it myself. >> what is up, gamblers? jeff amazon here. feel bad about missing again train on tesla? fear not. something much greater and stupid air is here. you know citadel? the market --
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that took all your money today? we finally won't be at the mercy of the market makers. instead, we are going to temporarily join forces with the galactic empire and hijack the death star! our choice of weapon is gamestop. >> this seems crazy, this seems ridiculous, but it is real. i want to bring in the emmy award-winning filmmaker zach canepari, and co-producer erica, think, director of development for nbc news studios. she got her start as a business and tech reporter. that's what she fell in love with his story, as did i. i had the privilege of working with you both on this project. a lot of people, at the beginning, that this was a wall street story, a market story. but it wasn't. explain to us, zack, what drew you to it. because the real parallels here -- of these outsiders -- they are a lot like the outsiders in society and in politics who said, hey, this
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system does not work for me, i will make a change. and then they bussed in to the most impenetrable business out, they're wall street. >> yeah, i think for a lot of the work that myself and my co-director director drea have been doing -- michigan, in paradise, california -- it's really just about finding people that have interesting stories to tell. and then, through their experience, and what they are going through, and learning what it feels like to be them, and seeing the bigger picture, we see what that is. then this situation, stimulus, surplus, fed changing the game, the pandemic, all these people at home, it changes the game entirely. then, they found something to invest in, completely unique. gamestop. no one saw this value except for a group of investors. investors on subreddit. and that was so unique. i mean, there has never been anything like that. they took that and they almost broke the system. that is, the system that often does shut them out. >> erica, you are the key person that brought all of this
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together. it was months before any of us were even thinking about gamestop. the only time gamestop was in my mind when i had to by gift card for an eight year old birthday party. >> yeah. >> you have been tracking many of these traders and people for months. why? what was it about this story? >> that's the thing. my background was in tech, tech journalism. so, looking in right it was sort of a happy place for me. >> that's weird! >> yeah, admittedly, it is. i noticed in april 2020, about nine months before the short squeeze, that wallstreetbets, the subreddit, was really gaining steam. stimulus checks had just come out, retail traders were on the rise. and this group, where people were betting that they would drink their own urine if they lost the value of there 401(k) s or that they would like lick a toilet seat if tesla stock went up, it was suddenly going
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viral. i was looking at this group of people and thinking, despite outward appearances, i think this group of people may one day move the market. and one day, they did! >> they did, but they didn't win. right? people came in thinking this is david versus goliath. but they didn't. so, in the end, did they win? >> you know, they didn't win. but there was a nihilism that was really present in that group of people. this, i am going to stick it to the man and by up the farm, that feeling. by doing this, they created this conversation about why that nihilism exists. and it's about this sort of inequity and this generational divide in wealth. >> it sure is. i want to play another important part, i think, from the film. watch this. >> i sold all my shares at $120. a share. i watched 1 million dollars go up -- that's what's going through my head, this is my future, this is time with my kids i could have bought back, this is our
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future. i didn't feel like i gained $250,000. i felt like i lost 1 million. >> that's the thing here at the end. the biggest and biggest playing, a lot of them did end up making the money. markets are boiling again. markets are down. these people could lose at all. what is your take away? >> it's probably a bit unpopular but i think a lot of that may have actually won this one, a bit of a shame. i think at the end we will sit back and go, okay, this is a graded opportunity for the whole gamestop squeezed to happen. and then they shut the door on it at the same time. i think that within that, it just speaks to the sort of greater inequality that i think crosses over to all of these american stories right now. we are in the middle of a great battle of the american dream, who has access and who doesn't. and i think of this story we
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saw exactly who the system is set up for. and it is not for the retail investor, necessarily. >> why the name diamond hands? >> it is a mentality that these guys have -- >> we don't know what it means. this is not a wall street audience. tell us what you mean. >> the subreddit -- >> well, it's not a wall street audience or a subreddit audience. >> okay, the subreddit wallstreetbets, it's a group of investors of, at this point, i think 10 million investors. and they have their own language, their own lingo. and -- >> erica just dumped her water! [laughs] erica was very worried about coming on tv tonight. she said, i'm behind the camera, i don't go in front of the camera. and here she is, just build her water. guess what's, ali velshi did it last week. no worries. back to diamond hands. >> -- diamond hands references how strong you are with your stock. if you have diamond hands, you
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hold on to that stop, up and down, as the waves crash around. if you have paper hands, you are selling too soon. but at the same time, diamond hands, it could be its own problem. you are holding on too long. a lot of people, they just kept holding, hoping the system would correct itself. and it totally backfired. >> why would many of them hold on? because they're not just holding on for a trade. they are holding on for dear life because they are hoping for a different life. that is why you need to see this film. zak and erica, thank you so much, it's an honor to be part of it. again, you can watch diamond hands, the legend of wallstreetbets, this sunday at 10 pm right here on msnbc. and scores of those wallstreetbets traders, the ones we were just talking about, they are not just big in meme stocks. they have often taken their gains and life savings to another outsiders investing favorite, cryptocurrencies. and we have been watching the stock market continue to drop this week. it has been an absolute disaster for cryptocurrencies. some are calling it a death spiral. others say that crypto maybe
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approaching its 2008 moment. that is why this matters. in a one day sell off, 200 billion dollars was a race from the entire crypto market. i know this is confusing to a lot of people. you are saying, okay, i'm not involved. but the moves are this big and there are knock on effects that good impact all of us. we will dig into that tomorrow. night we will be back with more in a few. tomorrow nigh (woman) oh. oh! hi there. you're jonathan, right? the 995 plan! in a few yes, from colonial penn. excuse me? aren't you jonathan from tv, that 995 plan? yes, from colonial penn. i love your lifetime rate lock. that's what sold me. she thinks you're jonathan, with the 995 plan. -are you? -yes, from colonial penn. we were concerned we couldn't get coverage,
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tonight, asking the tough questions. sixth grader and superstar nick news reporter rory has already made a name for herself for her interviews with big gets, like treasury secretary janet yellen. and apple ceo tim cook. today, the california native and hamilton enthusiast was at the white house white house, back at it with tough questions. take a look at it. >> hi, i just have a question. and a follow-up. first, there are concerns about the negative impacts of social
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media on the mental health of children. will the white house take any actions to prevent these -- >> as a mom myself, rory, and i have a daughter younger than you -- she would think you are very hip and cool, no doubt. this is a huge concern that i have, we have, the president has, knowing the impact of social media platforms, that power is largely unchecked. it is certainly something that our surgeon general doctor vivek murthy has talked about, in terms of social media platforms and the impacts that are being felt on the mental health and self esteem of young people. so, i would say that the president, first lady, all of us believe that more need to be done. >> and then internet has become a children's tool for children's education. -- so how do we prevent children from getting misinformed from the internet? >> such a good question as well. i know reporters like yourself and other kids listening to our our good voices to provide accurate information and you coming here and asking tough questions is an important part of that.
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i would say that one of the things that we encourage parents to do is make sure that you are educating yourself on all of these platforms, on what information is available and work with your kids to ensure they understand what is accurate and inaccurate. there is certainly steps that the government can take. but there is also an ongoing development of new tools. and we as parents need to keep educating ourselves about what is out there so that we can make sure that our kids have access to good information, informative information. we watch a lot of animal videos in my house, that is all good and positive. and not access to information that is misleading or problematic. >> there you have it! the important voices leading americans to a brighter future. my take away tonight, i am betting on rory. on that note, i wish you a good night. from all our colleagues across the networks of nbc news, thanks for staying up late with us, i will see you at the end of tomorrow.
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>> tonight on all in. >> it is highly unusual the way she was subpoenaed. what do you say? >> subpoenas for five sitting members of congress, including the leader of the republicans. >> i think that he has important information that needs to be part of any investigation. >> tonight, what this escalation means for the investigation at the hearings approaching, and what the committee now wants to know from jordan perry, brooks, and mccarthy. >> we have information from other sources that lead us to believe that each one of these individuals are colleagues have information within the committee and needs to tell the full story. >> plus, on the court victory to block florida's racially gerrymander congressional map. and what i learn from my battle with coronavirus that could end the helping you. when all in starts right now. good evening from new york, i am chris hayes. today the bipartisan committee investigating january six took the seismic step of subpoenaing the most powerful
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republican in the house. minority leader kevin mccarthy of california. and of course, that is the guy who is poised to become speaker of the house, should republicans win the house in the midterm elections. they also issued subpoenas for four of his colleagues, and in fact, their colleagues. jim jordan of ohio, mel brooks of alabama, andy biggs of arizona, and scott perry of pennsylvania. the latter four in particular are largely believed to have been key players in the ex presidents plot to overturn the 2020 election. in case it is not clear, this is obviously a really, really big deal. we sort of dug back through the history here as far as we can tell, this appears to be the first time a member serving in congress has been subpoenaed by congress outside of an ethics investigation. let alone the
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