he says gamestop is not alone. theft is rampant, he says. the safeway in ross stores on 16th street have also been repeatedly targeted. an employee at ross tells me the store closes early now because of theft store the literally going and take a whole rack of clothes and just walk out like nothing. at gamestop, a manager says $5000 worth of merchandise , including video game consoles , headsets and accessories were stolen. a suspect assaulted an employee to gain entrance to the stock room. these are shocking. shows of brazenness by the suspects, police say. so far, two juveniles have been arrested . gamestop tells me up to eight more suspects are still at large. police are advising workers not to fight back if you find yourself in the situation where you're a victim of a theft, comply security guard at this gamestop store it is offering $500 for information that leads to the arrest of each suspect. some of the people that are doing this our young kids that are in poverty and are really in need of help, and so you know, continuing to keep in

gamestop says they were hit 2 more times that same week with flash mob style thefts. >> reporting around $5,000 in total losses. roberto hernandez with the mission merchants association says it's a crime that affects workers as much as it does. a company here at gamestop, one of the employees was actually. >> you know, by one of the, you individuals that walked in and told open up the law. according to hernandez, several businesses in the mission are dealing with thieves. he says one of his relatives who worked at this ross store finally had enough who actually quit because she was in so much fear. >> of daily people walking in and just taking rex and then right knee the employees as fpd were able to identify and arrest 2 juveniles in connection to the april 3rd theft. they're still trying to track down more suspects involved while hernandez and others with the mission merchants association organizing a volunteer citizens patrol group. we know that this staff that's going on. >> it's gotten too, too important. words out of control. officer recca welcomes community involvement that preven

gamestop soaring and the crowd announces a stock sfplit >>> and amazon workers voting to unionize in two warehouses. >>> you are watching "worldwide exchange" here on cnbc good friday morning, good afternoon or good evening from wherever in the world you are watching i'm brian sullivan we made it to april. i know it felt like we would never get here we did welcome to april 1st no fooling stock futures are higher across the board. not a lot. up about .20%. dow futures are up about 180 points right now it is a new month and quarter. we head into it with markets looking to shake off the worst quarter since the march crash when the pandemic hit and one of the worst of all time. three indexes unable to shake off steep losses dow and s&p down 4 and 5%. breaking a win streak if you are counting at home technology stocks is the big loser. nasdaq down 9% for the quarter despite a good march january and february were terrible today, you will gear up for the jobs number later on today at 8:30 a.m that is expected to show a gain of 490,000 jobs in march for the unemployment rate to tick down to

he says gamestop is not alone. theft is rampant, he says. the safeway in ross stores on 16th street have also been repeatedly targeted. an employee at ross tells me the store closes early now because of theft store the literally going and take a whole rack of clothes and just walk out like nothing. stop a manager says $5000 worth of merchandise, including video game consoles, headsets and accessories were stolen. a suspect assaulted an employee to gain entrance to the stock room. these are shocking. shows of brazenness by the suspects, police say. so far, two juveniles have been arrested . gamestop tells me up to eight more suspects are still at large. police are advising workers not to fight back if you find yourself in the situation where you're a victim of a theft, comply security guard at this gamestop store it is offering $500 for information that leads to the arrest of each suspect all the employees that work at the stores are people that live here in this neighborhood, and they're living in fear. every time somebody walks into a store

gamestop in the mission district was one of the stores and was hit multiple times. kron four's gayle ong has reaction from the neighborhood merchants association about the arrest there. >> on thursday, san francisco police announced the arrest of 3 teenage boys in connection to retail robberies in the city. the suspects ages 14, 15 16 are facing a number of charges that include robbery, burglary, grand theft and organized retail theft. police say the miners are connected to 3 sep%rate incidents this month at the gamestop in the city's mission district. roberto hernandez board of directors with the mission merchants association says businesses in the neighborhood have been targets of smash-and-grab he hope the arrest will be a lesson learned, work with them. >> to teach them about taking responsibilities for their action. hernandez says it's an opportunity to find the root cause of these crimes. why are they out there doing these things? and really, you know, counseling to be a good, you know, opportunity to to really dig deep into, you know, their situations. let's

you remember all the excitement around the meme stocks it seems it's back with gamestop they are planning a stock split, and that was good enough to give the share price a 10% bump in fact, the stock has been up 35% over the last four weeks this on the news that the chairman has bought 100,000 more shares, so that retail investing audience very excited about gamestop you talk to the analysts, though, and they're still saying we are waiting for a fundamental turn around in the business model here so do exercise some caution. let me talk about the tesla story. this is fascinating. a startup is now talking about giving you the chance to try before you buy you get a tesla for $995 subscription they are going to start-up that service in 14 key markets they focus on so if you are in san francisco or new york city you could be one of the first customers to try this new subscription approach, somewhat different to lease hold, and it does give you the opportunity to have a go in case you are interested in going electric back to you. >> geoff, actually really, really smart wouldn't be surprised if

he says gamestop is not alone. theft is rampant, he says the safeway in ross stores on 16th street have also been repeatedly targeted. an employee at ross tells me the store closes early now because of theft. ross store the literally going and take a whole rack of clothes and just walk out like nothing. gamestop a manager, says $5000 worth of merchandise, including video game consoles, headsets and accessories were stolen. a suspect assaulted an employee to gain entrance to the stock room. these are shocking. shows of brazenness by the suspects, police say. so far, two juveniles have been arrested. gamestop tells me up to eight more suspects are still at large. police are advising workers not to fight back if you find yourself in the situation where your a victim of a theft comply, security guard at this gamestop store it is offering $500 for information that leads to the arrest of each suspect. some of the people that are doing this our young kids that are in poverty and are really in need of help, and so you know

string of thefts at gamestop and other stores in san francisco. children are being blamed. we take a look at the toll that this is taking on the community and the retail workers plus masks. that's not the issue. this time. the latest on former heavyweight champ mike tyson attacking a passenger in the road just behind them happened at sfo. and why tyson's camp says he did it to meteorologist lawrence karnow tracking rain and a weekend warm-up. keep it here. kron. 4 news at 9 is next. >> when fun time from the bay area's local news station. you're watching kron. 4 news at known work with them. >> to teach them about taking responsibilities for their actions. >> now at 9, a group of kids sue police say been terrorizing san francisco business owners. well, those kids are in custody tonight. good evening, everybody. thanks for being with us on kron. 4 news at 9 o'clock. i'm grant lotus and i'm vicki liviakis 3 san francisco teenagers have been arrested in connection with a series of recent retail robberies throughout the city. one of the stores hit multiple times a game stop in

gamestop says they were hit 2 more times that same week with flash mob style. that's >> reporting around $5,000 in total losses. roberto hernandez with the mission merchants association says it's a crime that affects workers as much as it does a company here at gamestop, one of the employees is actually. >> you know, by one of the, you individuals that walked in and told open up the law. according to hernandez, several businesses in the mission are dealing with thieves. he says one of his relatives who worked at this ross store finally had enough who actually quit because she was in so much fear. >> of daily people walking in and just taking rex and then ran me the employees as fpd were able to identify and arrest 2 juveniles in connection to the april 3rd theft. they're still trying to track down more suspects involved while hernandez and others with the mission merchants association organizing a volunteer citizens patrol group officer recca welcomes community involvement that prevents crime but discourages any type of vigilante if there's something that our n

. >>> gamestop plans a stock split. details straight ahead. >>> u.s. authorities investigating a meeting with activision ceo and alexander von fuerstenberg placed an options on the stock before it sells. >>> it's jobs friday be prepared for april fools jokes. it's april 1 "squawk box" begins right now. >>> good morning welcome to "squawk box" here on cnbc live from the nasdaq market site in times square. i'm rebecca quick along with with joe kernen and andrew ross sorkin let's look at u.s. equity futures on april fools day dow futures indicated up 227 points nas daq up 113 this comes after a down day. major averages down 1.5% on just about every count. that is the perfect for the end of the quarter the worst quarter we have seen in two years going back to the beginning of the pandemic. the dow was down 4.5%. 4.9% decline for the s&p down 1.9% for the nasdaq the worst performers were three companies that surged in stay-at-home etsy and paypal and netflix. occidental and marathon are gaining. crude oil prices are back below $100 a barrel. this comes afte

took over and now gamestop is divorced from its fundamentals that's what i understand there i think twitter is a good business it's not undergoing massive disruption like gamestop was undergoing it's a fixture in media and politics and all these other places it just needs to find ways to make more revenue and attract more users it is by far the smallest social network by orders of magnitude in some cases. i think for -- to say they're going to meme stock it, you still got to look at what twitter is and what its business is and how it's going to grow its user base and the solution to growing the user base is actually content moderation. it is not letting it be a free for all because that will turn more people away this is pretty well known in the content moderation industry, which i think most tech companies like to conveniently forget exists. >> so, what do you think this is then, nilay? certainly has it talking about elon musk. he's the best at getting us talking about him without having a pr department. but in a sense, the elon musks of the world are twitter's problem, right not n

gamestop has entirely reversed, down 3.75% to $ -- the company did file that it wants to put up this stock split. we're watching it right now, and it is well off the day's highs. let's take a look at pot stocks, not really getting a buzz this afternoon after the house did end up passing that marijuana opportunity reinvestment and expungement act, better known as the more act. now it goat -- goes to the senate. if it passes, the bill would decriminalize marijuana on the federal level, but we've got aurora down about.75%, til ray down 4%. sun dial clinging to a 1% gain. >>> this break news, amazon staten island warehouse workers have, indeed, voted yea to going union. employees at the new york facility voted to unionize. the tally? 2654 to 2 the 131 against. it is the first successful union effort in the retail giant's history. on thursday workers at an alabama warehouse voted against unionizing, 993-875. but with amazon channeling something like 416 -- challenging something like 416 ballots, that that outcome is too close to call. amazon shares slightly higher. take a look at qualcomm

gamestop announcing they will pursue a stock split. this was a press release saying they plan to do something and they plan to ask for authorization at the annual meeting that still has not been scheduled. shares nevertheless up 16%. amc moving higher, 4.5%. blackberry moving lower here. down about 4% after reporting earnings. this company does not make phones anymore. tom: what did they do? romaine: security software for mobile devices. that business looks like it might be slowing. tom: i have a blackberry that is used as a chew toy. looking at the close this afternoon to begin the second quarter this year. it is always instructive to speak with macro policy perspectives julia coronado. she was absolutely definitive in nailing a slowdown in economic growth. thank you so much for joining us today. what will the next slowdown in economic growth look like? julia: we have one in trend right now. gdp tracking lower in q1. that was the intention of a lot of the removal of policy, slow down the economy and cool it off. we are already seeing

a gamestop store in san francisco's mission district says it's been hit 3 times in one week. kron four's rob nesbitt reports on how police are handling repeat offenders. and what one association is doing to fight back. >> from the glass broken out of a car window to the smashing of a glass case at a jewelry store. the bay area's all too familiar with the crime of the smash and grab officer robert true. aca says san francisco police received a call in the middle of the afternoon on april 3rd of a similar incident at this game. stop in the mission. victim stated that while they were working, they heard the sound of glass breaking in the store when they went to go look. >> the victim noticed that several suspects were smashing flash mob style. that's >> reporting around $5,000 in total losses. roberto hernandez with the mission merchants association says it's a crime that affects workers as much as it does a company here at gamestop, one of the employees is actually. >> you know by one of the, you individuals that walked in and told open up the law. according to hernandez, sever

gamestop says they were hit 2 more times that same week with flash mob style. that's >> reporting around $5,000 in total losses. roberto hernandez with the mission merchants association says it's a crime that affects workers as much as it does. a company here at gamestop, one of the employees was actually. >> you know by one of the, you individuals that walked in and told open up the law. according to hernandez, several businesses in the mission are dealing with thieves. he says one of his relatives who worked at this ross store finally had enough who actually quit because she was in so much fear. >> of daily people walking in and just taking rex and then ran me the employees as fpd were able to identify and arrest 2 juveniles in connection to the april 3rd theft. they're still trying to track down more suspects involved while hernandez and others with the mission merchants association organizing a volunteer citizens patrol group officer recca welcomes community involvement that prevents crime but discourages any type of vigilante if there's something that our

three of the men accused of robbing the gamestop store in the mission three times last week. the first time was a smash and grab robbery, followed by two flash mob robberies and nearby business owners say the gamestop store is not the only mission district business targeted by the thieves. it's out of control , and we're in a crisis here in the mission district ross store they literally go in and take a whole rocket closing. just walk out like nothing. francisco police have made two arrests in the gamestop robberies, and they hope to make more arrests soon. san francisco supervisor says something needs to be done about organized retail crime in the city supervisor asha so far he took to twitter to retweet. a photo of san francisco a walgreens, where many cosmetics and personal care items are locked away to prevent theft. the supervisor wrote. quote. we need to do better san francisco and turn this around. we actually put together an organized retail crime working group, and when i walk into a store and see everything under lock and key, it actually makes me feel like i'm in a

the gamestop isn't the only business and the mission that's being hit. it's out of control, and we're in a crisis here in the mission district raw story, they literally going and take a whole rocket closing. just walk out like nothing. san francisco police have arrested two people in the gamestop robbery say they hope to make at least one more arrest very soon. time is now. 7060 reports this morning of new attacks by russia in ukraine, possibly retaliating for the sinking of a key russian warship. ukrainian forces say they hit the flagship of the russian black sea fleet with two neptune missiles badly damaging that warship, forcing the entire 500 member crew to evacuate and later the warship sank. moscow claims the ship sank while it was being towed back to ports after a fire broke out on board. they've had to kind of choose between two stories. one story is that it was just incompetence and the other was that they came under attack, and neither is a particularly good outcome for them. in the meantime, ukrainian forces are digging in there, anticipating

gamestop says they were hit 2 more times that same week with flash mob style. that's >> reporting around $5,000 in total losses. roberto hernandez with the mission merchants association says it's a crime that affects workers as much as it does. a company here at gamestop, one of the employees was actually. >> you know by one of the, you individuals that walked in and told open up the law. according to hernandez, several businesses in the mission are dealing with thieves. he says one of his relatives who worked at this ross store finally had enough who actually quit because she was in so much fear. >> of daily people walking in and just taking rex and then ran me the employees as fpd were able to identify and arrest 2 juveniles in connection to the april 3rd theft. they're still trying to track down more suspects involved while hernandez and others with the mission merchants association organizing a volunteer citizens patrol group officer recca welcomes community involvement that prevents crime but discourages any type of vigilante if there's something that our

thank you for joining us i want to point out gamestop having a volatile day after the company said it plans to issue a stock split. it rose initially on the news and then gave up all their gains. seeking approval from shareholders to increase the number of authorized shares to 1 billion from 300 million with gamestop shares now in the red, did the plan backfire what were they after here? >> if the plan was to boost the stock price with this stock split, it was a fail shares down 2% since that announcement was made. certainly, a roller coaster ride you're looking at the chart, a lot of money made, a lot of money lost in the end, stock still down investment interest, especially on wall street bets, that worked like a charm if you go on wall street bets today, a lot of chattering about it people posting their moves at least from yesterday not a lot of people posting their result from today. today, the volume was three times the 30-day average short interest is also up year to date, something to watch. and really, a lot of questions about whether the plan here has even been revealed i tal

now we have some images here, released by sfpd of three men accused of robbing the gamestop store and the mission three times last week. the first time was a smash and grab robbery, followed by two flash map, flash mob style robberies and nearby business owners say the gamestop store is not the only mission district business being targeted by thieves. it's out of control, and we're in a crisis here in the mission district raw store, they literally go in and take a whole rocket closing. just walk out like nothing. san francisco police have made two arrests in the gamestop robberies and hope to make more arrests soon. san francisco supervisors, arguing something needs to be done about organized retail crime in the city supervisor asha safadi took to twitter to retweet. a photo of a san francisco walgreens where many cosmetics and personal care items are locked away to prevent theft. the supervisor wrote. quote we need to do better san francisco and turn this around. we actually put together an organized retail crime working group. and when i walk into a store and see everything under lo

gamestop soaring after announcing stock split. it wants to increase the number of class a shares from 300 million to one billion. gamestop has become the poster child for so-called meme stocks. it boosted the stock by 700% last year. coming up, chinese tech stocks rally, after beijing says it's getting ready to give u.s. regulators access to the auditing reports that tens of companies. this is bloomberg. ♪ emily: welcome back to "bloomberg technology." potentially huge news from twitter, or is it news that all? it is tweeting it is working on an editing button. april fools' day appeared is it a joke -- april fools' day. it is a joke? >> it is a joke. emily: this is what i want. it is a joke. twitter has resisted for years, so why do it now on april fool'' day? even investors think it is a joke. that does it for this edition of "bloomberg technology." -- we will have to see tomorrow. yes, you were prayer pairing -- you are preparing is not to fall for it. china tech stocks. beijing potentially giving u.s. regulators to the full a

gamestop says they were hit 2 more times that same week with flash mob style. that's >> reporting around $5,000 in total losses. roberto hernandez with the mission merchants association says it's a crime that affects workers as much as it does a company here at gamesto one of the employees was actually. >> you know by one of the, you individuals that walked in and told open up the law. according to hernandez, several businesses in the mission are dealing with thieves. he says one of his relatives who worked at this ross store finally had enough who actually quit because she was in so much fear of daily people walking in and just taking rex and then right knee the employees as fpd were able to identify and arrest 2 juveniles in connection to the april 3rd theft. >> they're still trying to track down more suspects involved while hernandez and others with the mission merchants association organizing a volunteer citizens patrol group officer recca welcomes community involvement that prevents crime but discourages any type of vigilante if there's something that >> o

when gamestop was going crazy, that stock -- part of it was when elon musk tweeted about it. those going and those other cryptocurrency crazy things, elon musk's name attached to it and became a thing. him getting involved with twitter drew some attention. there is a larger question about what he wants to do. he has influence over how the company will operate. >> a seat at the table. he is -- he has often criticized twitter when it comes to free speech. he asked people if twitter vigorously adheres to this principle, meaning allowing free speech which he says is essential to a functioning democracy. what is his game here? >> trying to figure out elon musk's game has become its own job. i really don't know. but i think part of what we are seeing is that a lot of the pushback against social media is starting to take some real form. if you look at it in the larger grand scheme of things, you look at what is happening on capitol hill, they are started to put pressure on facebook and twitter. you see what is happening among the people upset with twitter and the world -- the words

gamestop up 11%. >> yeah, well, it was up 17 yesterday after they made the announcement that they are looking for a stock split. this is turning out to be the year of the stock split so gamestop, this was the only second one in their entire history, the last one you have to go all the way back to 2007 and they are trying to increase the number of shares up there from 300 million to 1 billion, so like tesla, you know, gamestop wants these shares additional shares to pay out as dividends instead of cash it doesn't really change the math or the value of the stock, but you know, gamestop joins tesla, joins amazon, google, alphabet, all announcing intentions to split this year. you know, stock splits weren't really that popular for the past decade. stuart: no. >> i think that it was because what happened in 2020 remember when tesla and apple split their stocks and that's when you saw this vertical rally in the shares? and tesla i guess like gamestop the ones that need to preserve their cash, they are the ones that want to split in order to pay out their shareholders, but for google and ama

full disclosure, i bought some gamestop and some amc. i asked earlier about elon musk being the greatest entrepreneur ever. waylon says, hey, may be the greats of all time, watching the show right now. my man. all right, elon is the best entrepreneur i've ever seen. and crypto beef 21 says elon musk is definitely one of the best entrepreneurs in the past 20 years, if not past 50 years. it's hard to argue with it. folks, he's got some other things on the drawing board. the optimus if robot? one day it's going to do all the cleans -- cleaning in your house. as far as the cars without driving wheels and pedal as, i'm going to bring in my friend, liz claman. liz, i know it's coming, but i'm always going to have a car or two in the garage that i can take out and drive myself. liz: i know, me too. i'm if from california, so we love to drive. charles, i just got an idea because i love what you said about the reddit apes? you should come on this show and fight with charlie gasparino -- [laughter] because he has no respect for them. and i'm kind

gamestop proposing an increase from shares to 300 million tesla, amazon, google. it's growing. >> people have recognized you need to cater more to the individual investor. the hedge funds and the mutual funds are not who you want anymore. they're not sticky it's something ryan has right to do a game stop what you want to do is make it so the stock price is lower. there are a lot of people who are thinking that the share would take off people who love game stop love it even more ryan cohen said bcg did nothing. they think the gamestop skipped them ryan is out. he's saying -- basically he's attacking bcg. in ryan said i want ice cream accept to bcg, it would be overwhelming. >> yeah. we're seeing halo on amc, bed bath do you think the split thing has legs >> very much so. >> b of a has note if you look at the s&p names above $500 a share, it's about 15% of the index. >> yeah. i speak to offline when i speak to a ceo i say please do history. look at history. during the great 80s when the pepsis and cokes went up they split the stock they were conscious of the individ

police say the miners are connected to 3 separate incidents this month at the gamestop in the mission district. the mission merchants association says businesses in the neighborhood neighborhood have been targets of recent smash-and-grab thefts. he hopes the arrest will be a lesson for future thieves. >> work with them to teach them about taking responsibility for their actions. let's look at getting them jobs and put them to work and have them, you a tone what they've done and pay back for what you know is missing. >> san francisco police say the teens were already in custody. they were arrested last week for their involvement and robberies in north beach and at the stonestown galleria shopping center. we'll talk about our weather forecast on this friday as we take this live look outside from our. camera showing us the top of mount tam beautiful out there today. and a warm weekend is ahead. our meteorologist mabrisa rodriguez is tracking the temperatures for us. she's in the weather center. you're going to the giants i wish just the mentally be there, though, cheering them on. let's

have another 10% to 15% to go down but then it will turn >> what about the decline we're seeing in gamestop and amc, still a good proxy for retail and the kind of pain we've seen as a result of the hype? >> yeah, that game is still at $130 and worth nothing so i think -- i think that we have to see that stock to go to zero yes. >> to zero but what would that do how many of your clients are holding gamestop >> oh, no, my clients -- >> a robinhood crowd >> they're on the long side game. >> really? >> yes >> your own stock -- i wanted to mention your own stock which has been hurt, you know, i think of interactive brokers as a beneficiary of higher interest rates. even more so than some of the big banks. >> yeah, that's true, but on the other end, you know, our investors' assets are falling along with the markets, right, so, you know, the less assets we have, the less activity we'll have in the future right now activity is very high, but in the future if the market settles out, say, further down by 10, 15%, we will not have that much activity in the future so -- >> what about options activity t

be a stark comparison between the first quarter and last first quarter when we saw a huge run-up in gamestop and other meme stocks, but it was worse than analysts anticipated. we saw losses across all kinds of products categories. emily: let's talk about how they are trying to grow their crypto play and influence in the crypto market. as the company faces big challenges up ahead. they are through big job cuts. the stock is way down. >> the stock has plummeted since the ipo. the struggle robinhood is dealing with is the question of whether it can get users involved in more than trading on its platform. in the meantime, it is try to keep up with investors and go where they are going. on the crypto side, it has introduced new tokens including the long anticipated shiba inu coin. that was a recent development. robinhood is introducing new products to trade, but at the same time trying to grow the types of products that it offers to investors in areas like retirement accounts. it added crypto wallets so it is offering new products as well. emily: what are you looking for next? how do you expect r

when you have these stocks, that can really just with one tweet, be it from elon musk or be it from gamestop related to, when you look at stocks that do move so much based on personality, does that scare you off or do you see an opportunity here to short the stock, to ride the wave, or otherwise? walter: we are a pretty traditional manager. we do try to find companies with management teams we feel comfortable with and we are going to be in for a longer period of time. we would try to avoid those names that are moving up and down on a narrative or a story and not on fundamentals. we saw a lot of that in early 2021. it has calmed down a little bit, but it seems to be coming back lately. those of the type of names we would try to avoid in our portfolios. dani: sticking with the reliable, the jp morgans of the world, walter, great to have you another program. walter todd, greenwood capital president and cio. let's get to the first word news with juliette saly. juliette: president vladimir putin says peace talks with ukraine are at a dead end and vowed to continue russia's invasion. there has bee

. ♪ caroline: in the pandemic, many young people, it was heady days, think of gamestop. everyone sat at home, investing their money. atomic, with these, call them rookie investors, normal people, you and me, to have access to the market benefits. joining us now, the ceo. really interesting this focus on financial inclusion. there's a worry that with the euphoria of everyone rushing in, we got back to our normal lives. sitting at bars rather than trading online. is there still a pent-up desire and his wealth being built? >> 2020 was a very interesting year and it got a lot of people to participate in the market out of speculation and as he mentioned, as people come back to their normal lives, there is a need for them to continue investing but they don't have the time to think about their portfolio or construct a diversified portfolio so part of what's very important for them right now is to have solutions that enable them to build wealth even without the time to do the research necessary to start the journey themselves. caroline: so, how is atomic invest helping you to do

boom in retail trading that happened over the course of this pandemic, and really escalated during the gamestop run-up that happened in early 2021. that was all happening in the lead up to the robin hood ipo at that happened in july of last year. what has happened in the intervening month is trading activity has continued to taper off, and retail trading is at like 17%. equity and overall market volume, where you saw it more like 24% in those feverish days of the meme stock runoff -- robin hood is contending with this question of how it will earn money beyond just pure transaction volume. emily: where is robin hood saying growth is going to come from? they have been talking up crypto since the ipo, building out crypto problems. -- products. could that be it? annie: one thing robin hood has pitched, as many fintechs have come is that it could become a financial supermarket for customers, offering more than mere trading, and moving into areas including retirement accounts, expanding its crypto offering, and it has been making strides toward some of those goals. so just this week, robin hood did o

cnbc.com/investingclub so many people who hate me from gamestop have also decided to sign up. who knew friday, we have an oil rig count number, i know the president wants the oil companies to drill more on the parcels of land that they own the federal ones, and the already drilled wells that they own. and they love that they can make a ton of money holding down production the bottom line, regardless of what happens next week, wall street will remain in good news/bad news mode when people talk about the freight rate collapse, you're never going to hear it's because of there's so many drivers you will only hear it's because of low demand. so you should steel yourself john >> caller: thanks for taking my call. >> of course. >> caller: i'm a long term viewer of your show. i appreciate your advice and guidance we've picked out jpmorgan chase. >> jpmorgan has the balance sheet, they have a 3% yield. but i will tell you, my charitable trust vastly prefers both wells fargo and morgan stanley. i think both of those are ones you should consider. and i will talk about them at the cnbc in

gamestop share surge after it announced plans for another plan in the form of audi tend the retailer will fix shareholder approval to i crease the number of shares to 300 billion. it would provide flexibility for future corporate needs. global news 24 hours a day on air. and on bloomberg quicktake. powered by more than 120 countries and 100 journalists. dani. dani: thank you so much. in the uk households are waking up this morning to a far higher cost to heat their homes. british energy regulator ovigerm gentleman has raised the cap on how high consumer prices can increase by 54%. joining us is economy reporter lizy burden to help us work through it. lizy, this price increase help us understand it. how big of a deal is it? what sort of impact does it have? >> simple things like boiling the kettle or having an early shower has gone up by 54%. that is going to affect 22 million households according to the energy regulator. and because of the tax rise that has come in today, the resolution foundation found that it will cost the average household an extra $1, 100 pounds over the course o

the fund has plummeted 50% since the beginning of last year with the short squeeze of gamestop collecting millions of dollars in fees and down 50% this year you are making a lot of money. nice work. >>> straight ahead this morning's rbi and your chance to speak out when it comes to the likelihood of recession in the country what you think is going to happen with the markets. >>> if you haven't already, follow our podcast if you miss the show any day, no prob check out the podcast anytime. we are back. dow futures are down 300 points. nasdaq off .70%. we are back after this alright, so...cordless headphones, you can watch movies through your phone? and y'all got electric cars? yeah. the future is crunk! (laughs) anything else you wanna know? is the hype too much? am i ready? i can't tell you everything. but if you want to make history, you gotta call your own shots. we going to the league! there are lots of choices when it comes to your internet and technology needs. but when you choose comcast business internet, you choose the largest, fastest reliable network. you choose advanced securit

helping others with operations higher the meme stocks are a roller coaster ride remember that pop of gamestop into the regular season after laying the groundwork for a possible stock split the gains are gone it was up around 14% at the highs. now down watching the u.s. listed chinese stock names. all four of those are part of the large cap nasdaq 100 helped along by chinese regulators who tell cnbc in a statement that they have convened a meeting this week with the big accounting firms and told them to consider prepping for joint inspections from the u.s. and them to ease at least for now the possible delisting of the names. the chinese tech stocks taken a beating over did last year. >> absolutely. thank you. now to the bond market where once again everyone is looking for inversion. road signs they dangerous curves that's with rick santelli. >> it is inverse friday. let's look at one thing that's changed. new highest yield against all maturities on the curve, 3-year notes. trading 2.61 last year at 96. less than 1% now 2. 61 up 165 basis points. 20s versus 30s inverted in october. october 27

i don't know if google captures the imagination of the amc, gamestop crowd they love options. they're willing to trade options in almost anything we'll see on that front in particular as opposed to the stock. tim, where do you stand in terms of your barometer? >> it comes back to me. these companies are not going away overnight >>> coming up, are the airlines really to fliy to pre-pandemic levels take a look at the dow jones transportation average down 10% so far in april. is it time to lit the brakes in the transport. we're taking a closer look you're watching a special edition of "fast money" live in times square back right after this. [sound of helicopter blades] ugh... they found me. ♪ ♪ nice suits, you guys blend right in. the world needs you back. i'm retired greg, you know this. people have their money just sitting around doing nothing... that's bad, they shouldn't do that. they're getting crushed by inflation. well, i feel for them. they're taking financial advice from memes. [baby spits out milk] i'll get my onesies®. ♪ “baby one more time” by britney spear

gamestop and bed bath and beyond, both beloved by ryan cohen, he chairs the first and insurgent in the second. take them out, and now we got 29 left so how do you win up and down this system, cheap retailers? we ran a few more screens, first because we don't want anything with a bad balance sheet, cut anything with debt due even dollar ratio over three, brings us down to 19 names, almost manageable, second of all, most these names expected to take a earnings hit this year, that's the only way retailers become cheap, we don't want anything where the earnings are totally collapsing >> ahhh! >> so we remove anything where the earnings forecast is down more than 20% from last year i got 17 stocks. third, we don't want any companies that just missed the numbers when they reported their first quarter results, that means no gas, no urban out fitters no sleep number, 14. fourth, we cut anything with a dip in the o-liner, one, we don't need a used pay out here but want a mengful one because this is the market that loves dividends. in the end, after all that cutting, that leaves us with nine bea

gamestop, reddit and the fleecing of small investors. so, spencer, the worst quarter for stocks in two years, biting inflation, russia's invasion, interest rates rising. is it going to be rock y, you think, a rocky summer? >> i think all signs point to it being a rocky summer. people don't know what direction to point in. there is some good news, but there are plenty of things to worry about as always. but there are a lot of cross currents. >> investors had a really, just a stellar couple years. now there is so much to contend with. and the white house it seems can't catch a break on the economy. almost 1.7 million jobs created so far this year. that's really good. wages are rising. there is this historic push to try to put a lid on gas prices. the white house releasing all this emergency oil the next 180 days. all the things they're doing to tell the american people, we feel your pain. we have a plan. but the polls keep showing people don't feel good about what's happening in the economy right now. >> yeah, no -- well, if you look at jo

this morning, gamestop shares are up 10% after the company announced it is planning a stock split. it plans to authorize shares of common stock from $300 million to a billion dollars. a stock split does not change the value of the company, but many investors interpreted as a signal of confidence by management. it will also make expensive shares more affordable. and taking a look at the new york stock exchange as trading gets underway this morning, we are up about 92 points. kumasi: google is helping you sift through your internet searches with a little more peace of mind. it is adding a label on stories or links that will say "highly cited" next to it, to highlight factual reporting from trusted sources. the feature rolls out over the next few weeks, just in time for international fact checking day, which is tomorrow. instagram is rolling out new features for how you message other users in the app. you have the option of applying to direct messages in your feed. you can send songs to friends from apple music, amazon, or spotify in 32nd clips. you can't decide where you want to go t

police say the miners are connected to 3 separate incidents this month at the gamestop in the city's mission district. roberto hernandez board of directors with the mission merchants association says businesses in the neighborhood have been targets of smash-and-grab he hope the arrest will be a lesson learned, work with them. >> to teach them about taking responsibilities for their action. hernandez says it's an opportunity to find the root cause of these crimes. why are they out there doing these things? and really, you know, counseling be a good, you know, opportunity to to really dig deep into, you know, their situations. let's look at getting them jobs and put them to work and have them, you a tone what they've done and pay back for what you know is missing. sfpd says the juveniles were already in custody on unrelated matters and arrested last week for their involvement in robberies in north beach. >> and the stonestown galleria shopping center kron. 4 news >> right now, some weather rain here in the bay area can mean snow in the sierra and today that materialized. the snow up th

two juvenile suspects were arrested for gamestop smash and grab thefts in san francisco. these three suspects were also involved in those incidents. that store was targeted by thieves three times since last sunday. more than 5,000 in merchandise was stolen, and employees say people are also stealing from nearby stores repeatedly. >> ross store, they will literally go in and take a whole rack of clothes and just walk out like nothing. >> these are shocking shows of brazenness by these suspects. >> reporter: and in southern california last night around seven two suspects used hammers to break glass and steal from a kay jewelers store in orange county. they have not been arrested, and as for punishment regard aring these crimes, california's proposition 47 reclassified theft offenses with a value of $950 or less in stolen merchandise from felony toss misdemeanors. reducing the penalties for criminals. and in l.a. there were six follow-home robberies since last week including this incident on monday to. this woman was followed by thieves after she left a jewelry store in down

would put screen shots of their accounts up and say oh, look what i just bought this many shares of gamestop. who knows what kind of market manipulation. have you been worried about regulators breathing down your neck just as they have robinhood s? >> well we have a very positive relationship with regulators so i do think that's different than some of the other platforms that have ipo'd in a recent year. we have a trading advisory board , education advisory board so we take the lens of look, there are good things happening with transparency all of our users go to the kyc and aml process so you won't get trading information from someone who is in an online forum and that's pretty dangerous and risky for what i've seen as people trading in a petri dish in one place and going to online forums where strangers on the internet are giving them advice. liz: that has been a definite concern so you put this all under the same platform. i know you don't brake out your user numbers can you tell me if you're seeing growth quarter-over-quarter? >> significant growth and interestingly, we're also seeing di

police say the miners are connected to 3 separate incidents this month at the gamestop in the city's mission district. roberto hernandez board of directors with the mission merchants association says businesses in the neighborhood have been targets of smash-and-grab thefts. he hope the arrest will be a lesson learned, work with them. >> to teach them about taking responsibilities for their action. hernandez says it's an opportunity to find the root cause of these crimes. why are they out there doing these things? and really, you know, counseling to be a good, you know, opportunity to to really dig deep into, you know, their situations. let's look at getting them jobs and put them to work and have them, you a tone what they've done and pay back for what you know, it's missing. sfpd says the juveniles were already in custody on unrelated matters and arrested last week for their involvement in robberies in north beach. >> and the stonestown galleria shopping center kron. 4 news. >> the san francisco division of the fbi is asking for your help to find a wanted fugitive. they say christia

doing a very different reason, we do the amazon and google are doing that included the dow jones and gamestop are looking to split the shares to preserve their cash and handout stock as dividends instead to shareholders. >> six or eight months ago you and i were sitting here, why don't they ever split their stock. >> is $2000, now they do. we were talking about the share worldwide you need to split your stock when investors can buy a fraction, in order to confiscate your employees a lot of that is in stock packages and compensation packages. you cannot split the stock. stuart: shall be at&t. this was the stock that was down 20%. now a fraction higher at $19 a share. >> the reason is you have to get used to the fact that at&t is a smaller company, they split up a 40 billion-dollar asset warner bros. discovery which has a cnn in the studio itself. also this morning people are getting very bullish on warner bros. with hbo max and 70 million users on the part from and you deutsche bank calling wpd a new ticker single for warner bros. one of the topics in the market for them. >> cnn is run by wpd.

deliveries for macy's as an example gamestop delivering a consul. because i am in love to have customers, e-mail address, customers delivery address. know what customers are picking up and by. so maybe it's not the best thing to in this case, sleep with the and that customer information is goal for these companies could good observation of. all right. thank you very much as always. we'll chat with rob once again. come next. week is off on fridays, but we trap th-m on monday. so get your >> comments and concerns in now. let them know what you want them to expound about. we've got facebook twitter as a avenues to get a hold of him. you can also email directly rob at rob black dot com. ♪ ♪ [ bird chirps ] springfest is back! [ sprinkler & birds chirping ] these are the mowers i was telling you about. and right now, you'l find everythig your lawn and home needs this season. [ food sizzling and happy family chatter ] at great prices for the season. stop by lowe's now, for your happiest spring. for you i wish many things... to see all the world can be

the quarter, especially, remember back to a year ago, that was the whole meme stock frenzy that was gamestop and other things that really took retail trading by storm. so when you look at kind of the comparables from a year ago, schwab saw a 22% decline in average trades during the quarter. it also happened to miss analyst estimates, which caused the stock to slump on the other hand, this isn't so much the case for bank of america, which generates the largest proportion of its revenue from consumer. however, for some of the more wall street oriented bank institutional investors that transact with these banks did remain active in the quarter at least more so than analysts expected them to that was especially true within fig, fixed income currencies and commodities, and equities at places like morgan stanley >> it seems like overall, now that we had most of the big banks reporting, the message is one of uncertainty, right, when it comes to the outlook on the economy and what that's going to do to their business >> that's absolutely right i think some of the big moves today are largely in respo

at the mall at the going to the mall while since i had a slice of sabara, pizza, brookstone or , uh, gamestop store? yeah even before the pandemic i was in. you know at the mall, i'd say it's probably a good deed. 10 years since we hang out there or go shopping there just because of the ability to do it at your fingertips. i mean, that's to say i would never do it, but i would definitely favor being at home and doing the shopping. unless you're buying something like a suit. i do you know you want to go in there if you have if you want something last minute, and you're going somewhere i'm leaving on a plane tomorrow. that's about the only time i said okay. i forgot to buy something. i have to go get it. other than that, you're ordering it online. i lived at stoneridge mall lived at stoneridge mall and i guess late eighties early nineties middle school high school that was your cultural center that was your social hub borrows rats. probably that was, you know me and my friends, but it's kind of to me, it said. i don't do a ton of shopping in person. but it is sad to sort of lose it as a cultura

will be done, and this is being done at the request of ryan cohen, remember, he is the chairman of gamestop, and he now owns about 10% of bed, bath, & beyond shares are higher by about 8% after being halted briefly when these headlines came out sara >> it is a very useful store, i'll say that about buy buy baby thank you, courtney. watching bed, bath, & beyond cryptocurrencies and crypto related stocks are big underperformers today. kate rooney here with what's driving the weakness in crypto in particular. >> bitcoin and other cryptocurrencies really struggling to keep any upward momentum in recent weeks bitcoin is down more than 4% in the last day or so it's tightly correlated to tech stocks part of the broader sell-off and the move away from risk and investor sentiment overall really souring other major cryptocurrencies down as well today, although some look to be outperforming bitcoin at this point. look at some of the mining stocks as well these are the firms that are running those high powered computers to create new bitcoins so you have marathon digital, names like riot, blockchain, t