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tv   Our World  BBC News  March 14, 2021 3:30am-4:01am GMT

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up an unauthorised vigil for a woman who was allegedly kidnapped and killed. sarah everard's death has become the focus of widespread anger in the uk about male violence against women. a serving police officer has been charged with murder. exactly one year since a young black woman, breonna taylor, was fatally shot by police officers — us investigators say they've made significant progress in their probe into the killing. ms taylor's death helped spark black lives matter protests across the country. at least 12 more protesters have been killed by security forces in myanmar, as demonstrations continue across the country, against last month's military coup. international pressure is building on the authorities to stop using deadly force against unarmed demonstrators. now, if you've got an old
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petrol or diesel car, would you be prepared to swap it for a bike or take the bus instead 7 a scheme�*s begun in coventry where people can hand their vehicles over to be recycled — in exchange for credit to spend on more sustainable modes of transport. our business correspondent katy austin has the details. it's the end of the road for this car. it was sent here deliberately by its former owner. but why? let's reverse a few days. we met mohammed, who owned that 15—year—old diesel for four years. after, you know, the lockdown has kicked in, i have been mainly working from home, five days a week. so, i'm not using the car as much. he decided tojoin a trial in coventry. owners of cars over ten years old can give them up and get cash for other forms of travel. they are offering £3000 worth of credits, which you can use to travel by bus, train, taxi.
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authorities in the west midlands are behind this scheme, using funding from a government grant. the idea is to get 250 cars off the road and get their drivers onto more environmentally friendly transport. this is trying to address what you might call the behavioural choices of individuals. bear in mind we are investing hundreds of millions of pounds of the capital in the transport network, but we do need to know how we are actually going to encourage more people onto it. so it's all part of a wider scheme. the aa told us the timing was bizarre, and the money would be better spent on electric charging points. the walking and cycling charity sustrans, though, welcomed the trial, but said it wasn't a silver bullet. these schemes are more likely to work when you have got decent public transport provision already and safe walking and cycling routes. i think the challenge with schemes like this is obviously in rural areas, and in some suburban areas. there are not currently any plans for a national scheme, but traffic was increasing
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before the pandemic, and here, they hope to change at least some people's behaviour. katy austin, bbc news. now on bbc news it's time for our world. there's this narrative that this was a david and goliath story. it's all of these hedge funds, like yours, against the people — and the people won. i'll put it this way. if a 5—year—old walked into this room right now, i could probably kick his ass. if 1,000 5—year—olds walked in here, they could probably take me down. just being honest about it. is that a david versus goliath story? uh, you know — no! something happened this january that no—one expected. it was a little bit like an internet revolution. we were team human, team normal, regular guy. it's united capitalists... it's like this focal point, a paradigm shift for everything that's gone gone
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on for the last few hundred years on wall street. ..socialists. .. if there was a smaller chance that i could have a direct impact on ruining some billionaire's life, i wanted in on it. ..and youtubers. so how much did you make? um, $40,000-ish? the idea that an internet forum could take a failing company and by collectively investing in it, or to use the parlance, "taking it to the moon," take on hedge funds and win, seemed impossible. houston, if that's not the earth, we're in trouble! but was this really a people's revolution? this is not a david—versus—goliath story, but more of a goliath—versus—goliath story. the gamestop story is the story of its investors, and we'll be telling it through the experiences of three amateurs in california who all buy and sell their shares
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using trading apps. gavin may, a 19—year—old youtube star, parkour enthusiast and amateur online trading guru. do you sometimes wonder why people listen to a 19—year—old who's been trading for, like, six months? yeah, no, totally. that's definitely a very valid question. john motter, who works for a homeless charity. he blames big finance for some of la's housing problems. have you ever bought any shares before? no. first time? first time. and casper and matt who run a social media marketing company. i'm a gambling guy and i really believed in the power of memes and i put my money where my mouth is. a year ago, gamestop to many was a business slowly dying. it sells physical games at an actual shop, and many on wall street thought that
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that business model wasn'tjust outdated, it was prehistoric, a business doomed to fail. its share price this time last year was around the $3 mark. over the summer, though, a few investors began to proselytise about gamestop. people like the then—obscure youtuber, keith gill, roaringkitty. many think it's a foolish investment, but everyone�*s are wrong! they argued that far from being dead in the water, gamestop had potential. gamestop is an established, uniquely—positioned player in a thriving $150 billion gaming industry. one group in particular was listening. an internet message board called wallstreetbets. so could you just describe to someone who's never
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been on wallstreetbets, roughly what the culture is? yeah, i mean... it's hard to do it without, um, without using offensive terms, but it is veryjuvenile, very subconsciously absurdist. their favourite thing to do is something called "loss porn," where you share your biggest losses. and everyone will be like, "hey, man, goodjob!" like, "you lost $1 million, goodjob, man!" sort of the nature of the sub is, like, riskier bets. - i can't tell, like, what's| a meme and what isn't. but all those meme posts| are feeding into the larger goal of getting as many people to buy stocks as possible. - slowly, gamestop started to get a buzz, and gradually the share price began to tick up. this is the first official close above $14, so cheers to that shit! so i first read about gamestop through the subreddit, wallstreetbets.
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i think the first time i bought in was late november to early december. i think the stock price was around $16 back then. gamestop�*s share price had attracted the attention of another kind of investor — short sellers. hedge funds that thought gamestop was overpriced. hedge funds like citron capital, founded and run by this man, andrew left. i'd known gamestop for a long time. to me it looked like they were following the blockbuster video path. and then all of a sudden we found out in december, while the industry was actually up — the video game industry had their best month ever, december of 2020 — gamestop actually had a bad quarter, ora bad month. they were declining, and that was supposed to be their saviour month. and that's when i started to short the stock. left�*s hedge fund was now one of the many hedge funds that were shorting gamestop. essentially, they were betting that the share price would fall. if it did, they would make money. but that had also been noticed by people on wallstreetbets.
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gamestop happened to be one of the names that was most frequently shorted. they'd worked out that if gamestop�*s share price went up, hedge funds would lose money. and many users on the platform came up with a theory that went like this. if enough of us were to buy together, in conjunction, coule we create a short squeeze which would force some of these hedge funds who are betting against gamestop to close out their position by buying gamestop back, and therefore pushing the price of gamestop even higher? wallstreetbets is a forum on san francisco—based reddit, one of the biggest social media companies in the world. and watching on was its chief executive and founder, steve huffman. i've known about wallstreetbets for years. wallstreetbets is in fact one of my guilty pleasures on reddit. was there a point where you were like, huh,
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this is a bigger story than i thought? 0n wallstreetbets, there's often a couple of stocks or companies that have their attention. and so over the years, it's been tesla, it's been virgin galactic, it's been blackberry. and so in my mind i'm just browsing reddit, gamestop, 0k, gamestop�*s got their infatuation right now. so i was actually a little bit late to the party. i didn't realise reddit had leaked into the real world again. so it was really at the take—off of the mania, i was like, ok, this is a bigger one. by mid—january the price of gamestop shares was nearly $30, a tenfold increase from eight months before. it was about to go stratospheric. i got the champagne. cheers, congratulations, look at this shit! look at this shit, 60%! when did you start thinking, oh, dear —
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something's happening here? well, i was about to go do a twitter live feed. and i think like 150,000 people would sign on in the first few minutes. remember that line from jaws — "i think i need a bigger boat!" it's about this point when gamestop shares truly took off. ridiculous, ridiculous. ridiculous, argh! i remember that day. i think we opened at, like, $39 and at the peak of the day it was $76. watching this chart gives me heart problems, i swear to god. we both bought between, what, $70 or $80? around there. newsreel: gamestop had another wild day of trading. _ and it was ridiculous. we were texting each other all night. there was a couple of good mornings... a couple of really good mornings, yeah! newsreel: gamestop isn't stopping. - fuelled by social media, i the video game company... all the money you had in the world was doubled? yeah, crazy. in just a few hours?
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completely crazy. and that was only, like, the first of five days of craziness. gamestop was going to the moon. the price was going up and up and up. there's more and more activity, more and more news, more and more attention. newsreel: the video game retailer hit a high _ of $380 a share... gamestop was now in uncharted waters. its share price had increased by 100 times since march. we have gamestop hitting $300 and $350, and there was even an after hours session when the market was closed, but you know, especially large institutions can still trade, where it hit $450! i bought in at around $330, a first share. so i was a latecomer. weord got out there was a good chance the hedge funds and billionaires that got greedy, and bought those enormous short positions,
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were going to be completely ruined over this. and so, even if there was a smaller chance that i could have a direct impact on ruining some billionaire's life, i wanted in on it. steve huffman was looking on. he had the power to switch wallstreetbets off. was there any pressure on you to maybe lock down wallstreetbets? we faced that question, that literal question — is there pressure, should you do something? but our motivation, or what we were trying to do, our duty in the situation was actually the opposite, to keep wallstreetbets online. so we did take a closer look here, but really, we were making sure the community didn't break. because a lot of people were coming to reddit for that experience. with reddit keeping wallstreetbets up, it now seemed unstoppable. can i ask how much you lost in total? no, i mean... i think the fund was down approximately, i don't even know... 18%, 19% —18%, possibly. how much is that in cash terms? i won't discuss that.
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that figure is certainly in the millions, and likely the tens of millions. then one of the biggest investors called robin hood based in san francisco made a crucial decision. it was happy for them to sell gamestop shares. ., , for them to sell gamestop shares. ., , , shares. people cannot buy the stock and _ shares. people cannot buy the stock and people _ shares. people cannot buy the stock and people started - stock and people started freaking out a little bit. robin hood's reason? the chief executive _ robin hood's reason? the chief executive testified _ robin hood's reason? the chief executive testified to _ robin hood's reason? the chief executive testified to congress | executive testified to congress they had run out of capital to meet requirements. in other words, they ran out of money. if you don't answer the hedge
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funds, — if you don't answer the hedge funds, millions of small platforms invest every day. then — platforms invest every day. then it _ platforms invest every day. then it fell back down to earth _ then it fell back down to earth. . ., ., , then it fell back down to earth. . ., �*, earth. the clue to robin hood's brandin: earth. the clue to robin hood's branding is _ earth. the clue to robin hood's branding is in _ earth. the clue to robin hood's branding is in the _ earth. the clue to robin hood's branding is in the name. - earth. the clue to robin hood's branding is in the name. i- branding is in the name. i trading up his idea had protected the rich, to some? it happened right in front of your face, they blatantly did it and nobody could say anything. we give brands and companies are voice over time, let's try and give the little guy a voice for something they are passionate about. ., . ., , ., about. you decided to fly a lane about. you decided to fly a plane over _ about. you decided to fly a plane over robin _ about. you decided to fly a plane over robin hood's i about. you decided to fly a - plane over robin hood's offices in the bay area? we plane over robin hood's offices in the bay area?— in the bay area? we did. robin hood catching _ in the bay area? we did. robin hood catching the _ in the bay area? we did. robin hood catching the brunt - in the bay area? we did. robin hood catching the brunt of - hood catching the brunt of this, — hood catching the brunt of this, they created that irony for themselves. they cashed in on the — for themselves. they cashed in on the brand image of trading and made it so the average man
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can play— and made it so the average man can play in— and made it so the average man can play in this game that they have _ can play in this game that they have been closed out of. when the little — have been closed out of. when the little guy wins some chips of the — the little guy wins some chips of the table, they have to shut down — of the table, they have to shut down the — of the table, they have to shut down the game.— down the game. one of the thins down the game. one of the things that _ down the game. one of the things that came _ down the game. one of the things that came up - down the game. one of the things that came up time i down the game. one of the i things that came up time and time again by talking to amateur investors is how much they believe the financial systems were rigged to benefit the rich. much of that seem to stem from the 2008 financial crash. ., ., , ., ., crash. nothing was learned from 2008, no crash. nothing was learned from 2008. no one — crash. nothing was learned from 2008, no one was _ crash. nothing was learned from 2008, no one was held - 2008, no one was held accountable, the banks were bailed out. people couldn't get a job, bailed out. people couldn't get ajob, i couldn't bailed out. people couldn't get a job, i couldn't afford housing, i had to crash on a friend's carriage. you could see on the post, the difference between the memes and the jokes. between the memes and the 'okes. �* , ., , between the memes and the 'okes. �*, ., , ,, jokes. it's not 'ust socialists who think _ jokes. it's notjust socialists
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who think that. _ jokes. it's notjust socialists who think that. jordan - jokes. it's notjust socialists who think that. jordan was i jokes. it's notjust socialists| who think that. jordan was a vocal supporter of wallstreet. bets. is vocal supporter of wallstreet.bets. is that vocal supporter of wallstreet. bets. is that a vocal supporter of wallstreet.bets. is that a real wolf? it wallstreet.bets. is that a real wolf? , . . wallstreet.bets. is that a real wolf? , ., ., ., wallstreet.bets. is that a real wolf?_ he - wolf? it is a realwall. he went to _ wolf? it is a realwall. he went to prison _ wolf? it is a realwall. he went to prison but - wolf? it is a realwall. he went to prison but now . wolf? it is a realwall. he - went to prison but now claims to be reformed. i went to prison but now claims to be reformed.— to be reformed. i never felt like i to be reformed. i never felt like i was — to be reformed. i never felt like i was persecuted, - to be reformed. i never felt like i was persecuted, i- to be reformed. i never felt like i was persecuted, i got| like i was persecuted, i got what i deserved, i trusted the institutions that put me away institutions that put me away in jail. institutions that put me away injail. i did my time and i got outandi injail. i did my time and i got out and i rebuilt my life. most people don't trust the institutions that are giving out justice. institutions that are giving outjustice. they watched what happened in 2008 and we also the movie, and at the end there was a funny scene where they said all the bad guys went to jail. just kidding, no one went to jail. we all laugh and
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smirk. we know it, it erodes the trust of the people. i think you will find a lot of people right now, they know it is not right. bi; people right now, they know it is not right-— is not right. by early february. _ is not right. by early february, the - is not right. by early february, the share | is not right. by early - february, the share price of gamestop was about a tenth of its market high and on the way down, people lost a lot of money. casper�*s shares at one point were worth over $100,000. he sold a few but held on to most of them, he says, out of principle. 0n the way down, his shares decreased by more than $60,000. i shares decreased by more than $60,000. . ., shares decreased by more than $60,000. .., ., shares decreased by more than $60,000.— $60,000. i could have made a little bit of — $60,000. i could have made a little bit of money, _ $60,000. i could have made a little bit of money, but - $60,000. i could have made a little bit of money, but i - little bit of money, but i think the experience, some people would be mad i'm saying this, but i think the experience was worth it. i don't get too attached to the games until i sell.— don't get too attached to the games until i sell. john mortar but hiuh games until i sell. john mortar but high and — games until i sell. john mortar but high and said _ games until i sell. john mortar but high and said he _ games until i sell. john mortar but high and said he only - but high and said he only invested as much as he could
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afford to lose. but many but high thinking gamestop would go to the moon and they lost big. i do think there are many who believed — i do think there are many who believed they could drive the price — believed they could drive the price up— believed they could drive the price up and it would just stay there — price up and it would just stay there and _ price up and it would just stay there and it would stay up for ever~ — there and it would stay up for ever~ the _ there and it would stay up for ever. the only thing i can think— ever. the only thing i can think of— ever. the only thing i can think of that way has been bitcoin _ think of that way has been bitcoin. ,, ., , �* think of that way has been bitcoin. ,, .,, �* , ., bitcoin. gamestop didn't behave like ititcein _ bitcoin. gamestop didn't behave like bitcoin and _ bitcoin. gamestop didn't behave like bitcoin and many— bitcoin. gamestop didn't behave like bitcoin and many people - like bitcoin and many people holding onto their shares were being egged on by other users, whilst others were selling. those are definitely people trying to get everyone into a frenzy so they will cash out. you constantly say you have taking — you constantly say you have taking it _ you constantly say you have taking it to the morale at the same — taking it to the morale at the same time yourself, trying to divest — same time yourself, trying to divest |t— same time yourself, trying to divest. , . , same time yourself, trying to divest. , ., ,, ., ., divest. it is easy to forget millions — divest. it is easy to forget millions of _ divest. it is easy to forget millions of people - divest. it is easy to forget millions of people are - divest. it is easy to forget l millions of people are here only have a username and they are making their own decisions. reddit is the confirmation of bias — reddit is the confirmation of bias the _ reddit is the confirmation of bias. the content _ reddit is the confirmation of bias. the content gets- reddit is the confirmation ofl
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bias. the content gets served to you — bias. the content gets served to you based _ bias. the content gets served to you based on _ bias. the content gets served to you based on how- bias. the content gets served to you based on how many. bias. the content gets served to you based on how many of| to you based on how many of votes — to you based on how many of votes against. _ to you based on how many of votes against. people - to you based on how many of votes against. people have . to you based on how many of| votes against. people have to agree — votes against. people have to agree with _ votes against. people have to agree with you _ votes against. people have to agree with you for— votes against. people have to agree with you for your - votes against. people have to i agree with you for your content to reach— agree with you for your content to reach the _ agree with you for your content to reach the front _ agree with you for your content to reach the front page. - agree with you for your content to reach the front page. that. to reach the front page. that means— to reach the front page. that means you _ to reach the front page. that means you will _ to reach the front page. that means you will only- to reach the front page. that means you will only hear- to reach the front page. that. means you will only hear from the people _ means you will only hear from the people who _ means you will only hear from the people who are _ means you will only hear from the people who are saying - means you will only hear from. the people who are saying what people — the people who are saying what people want _ the people who are saying what people want to _ the people who are saying what people want to hear. _ the people who are saying what people want to hear. so - the people who are saying what people want to hear. so if- people want to hear. so if someone _ people want to hear. so if someone said, _ people want to hear. so if someone said, i- people want to hear. so if someone said, i think - people want to hear. so if someone said, i think we | people want to hear.“ someone said, i think we should sell out now, no one will like it. so it is the extreme stuff they get promoted? i they get promoted? exactly. i reddit's boss _ they get promoted? exactly. i reddit's boss whether - they get promoted? exactly. i reddit's boss whether he - they get promoted? exactly. i reddit's boss whether he felt | reddit's boss whether he felt any responsibility for who lost out? �* , ., ., , any responsibility for who lost out? . ., any responsibility for who lost out? , . ., ., out? any trade, any trade. not 'ust a out? any trade, any trade. not just a risky _ out? any trade, any trade. not just a risky one _ out? any trade, any trade. not just a risky one like _ just a risky one like wallstreet. bets just a risky one like wallstreet.bets is known for, has risks. it also has opportunity. it is important that individuals have that opportunity. i don't think we as a society should be so fraternal to say, this group is smart enough to make these decisions, but this group, we should keep them out. nobody
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goes to wallstreet. bets thinking that this is a safe place to spend money. gamestop has been characterised _ place to spend money. gamestop has been characterised as - place to spend money. gamestop has been characterised as a - has been characterised as a wallstreet. bets versus wall street battle. but we didn't interview anyone who thought it was a simple as that. i suppose the question is, was this a people's revolution? it was certainly — people's revolution? it was certainly started _ people's revolution? it was certainly started as - people's revolution? it was certainly started as a - people's revolution? it was i certainly started as a people's revolution. i am sure it would only be logical that any shrewd, large investor would say, look what they are doing, let'sjump on the say, look what they are doing, let's jump on the bandwagon. say, look what they are doing, let'sjump on the bandwagon. i think the important thing and what makes this dangerous is those sophisticated investors are smart enough and sophisticated enough to know when to get out of the situation while the little guy is typically the one that gets end up holding the bag. that is very dangerous _ end up holding the bag. that is very dangerous and _ end up holding the bag. that is very dangerous and sad. -
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very dangerous and sad. tantalisingly, what could have happened is hedge fund is taking aim at other hedge funds. this narrative that it was just wallstreet. bets that moved it, people think there must have been much bigger forces at play. there was a short squeeze and it could be hedge funds trying to screw over other hedge funds? absolutely. d0 over other hedge funds? absolutely.— over other hedge funds? absolutel . ~' absolutely. do you think hedge funds were _ absolutely. do you think hedge funds were doing _ absolutely. do you think hedge funds were doing that? - absolutely. do you think hedge funds were doing that? if- absolutely. do you think hedge funds were doing that? if you l funds were doing that? if you sin u- funds were doing that? if you sign up to _ funds were doing that? if you sign up to make _ funds were doing that? if you sign up to make money, - funds were doing that? if you sign up to make money, it. funds were doing that? if you sign up to make money, it is| sign up to make money, it is legal, go and buy stock, it is an open market.— legal, go and buy stock, it is an open market. what is without doubt, wallstreet. bets - an open market. what is without doubt, wallstreet.bets help - an open market. what is without doubt, wallstreet.bets help to l doubt, wallstreet.bets help to stop things rolling. but much largerfinancial stop things rolling. but much larger financial players were also heavily involved. people usina also heavily involved. people using robin _ also heavily involved. people using robin hood _ also heavily involved. people using robin hood and - also heavily involved. peoplej using robin hood and people also heavily involved. people - using robin hood and people are not registered, financial professionals. they are a bigger— professionals. they are a bigger part of the market than they— bigger part of the market than they have ever been, about 25%. but they— they have ever been, about 25%. but they are still a small player, _ but they are still a small player, relative to the big institutions. when you see a price — institutions. when you see a price movement from gamestop
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from _ price movement from gamestop from $18— price movement from gamestop from $18 up to $325, it is very unlikely— from $18 up to $325, it is very unlikely the only people buying and driving that price above the retail traders, just by virtue _ the retail traders, just by virtue of— the retail traders, just by virtue of their size in the marketplace. so virtue of their size in the marketplace.— virtue of their size in the marketplace. so what 'ust happened? fl marketplace. so what 'ust happened? was �* marketplace. so what 'ust happened? was it i marketplace. so what just i happened? was it something extraordinary? did something change? could it happen again? you will find that the large institutions have already made changes in their policies that pretty much prevent these extreme situations from happening. i will be certain that right now there is not a chat board out there that any hedge fund and have their people in there in every single chat, watching everything that is going on stop andrew says he will think twice about shorting in the future? did will think twice about shorting in the future?— will think twice about shorting in the future? did i lose money gamestop? _ in the future? did i lose money gamestop? yes. _ in the future? did i lose money gamestop? yes. you _ in the future? did i lose money gamestop? yes. you don't - in the future? did i lose money. gamestop? yes. you don't think what happened _ gamestop? yes. you don't think what happened will— gamestop? yes. you don't think what happened will make - gamestop? yes. you don't thinkj what happened will make people more nervous about shorting in the future? flit more nervous about shorting in the future?— the future? of course, they will. of course. _
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the future? of course, they will. of course. as - the future? of course, they will. of course. as the - will. of course. as the gamestop? _ will. of course. as the gamestop? it - will. of course. as the gamestop? it is - will. of course. as the gamestop? it is now | will. of course. as the - gamestop? it is now looking to move its operations digitally. it share christ is still variable. in february it has been between $40 and $200. casper and max believe what happened shows of the internet can do through collective action. i can do through collective action. ~ ., ., ., action. i think from now on, hedhe action. i think from now on, hedge funds _ action. i think from now on, hedge funds will _ action. i think from now on, hedge funds will have - action. i think from now on, hedge funds will have in - action. i think from now on, | hedge funds will have in their risk models and prediction models, there will be a new item in there, watch out for everybody ganging up on as a grouping together scenario. it has never happened before. without the internet, it would be impossible to accomplish that. g ., �* , , be impossible to accomplish that. g ., �*, , .,, that. john's investment was relatively — that. john's investment was relatively small _ that. john's investment was relatively small but - that. john's investment was relatively small but he - that. john's investment was relatively small but he lost | relatively small but he lost most of it. i relatively small but he lost most of it— relatively small but he lost most of it. i don't think any life change _ most of it. i don't think any life change has _ most of it. i don't think any life change has come - most of it. i don't think any life change has come out i most of it. i don't think anyj life change has come out of most of it. i don't think any i life change has come out of it. i life change has come out of it. i hope — life change has come out of it. i hope people see that and i hope — i hope people see that and i hope people who got screwed over— hope people who got screwed over the — hope people who got screwed over the sea that but nobody will hail _ over the sea that but nobody will bail them out and chambers are being — will bail them out and chambers are being made to help the little — are being made to help the
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little guy. if nothing else happens, i hope people are educated around that and learn a lesson — educated around that and learn a lesson. ,,, a lesson. gavin says he ended u . a lesson. gavin says he ended up making _ a lesson. gavin says he ended up making $40,000. - a lesson. gavin says he ended up making $40,000. there i a lesson. gavin says he ended up making $40,000. there isj up making $40,000. there is this assumption that people on wallstreet. bets were there to make a political point of hedge funds. but there were a lot of retail investors to make money? definitely. as much as people say they want to make a point about the hedge fund, at the end of the day, they all wanted to make some money.- to make some money. what is clear is that _ to make some money. what is clear is that trading _ to make some money. what is clear is that trading apps - to make some money. what is clear is that trading apps have | clear is that trading apps have transformed the financial system. trading has become more democratic but conversely, it has also become more risky, exaggerating the highs and the lows. the story of gamestop is both inspirational and cautionary. if this was a revolution, it was one that had its casualties, of some investors that reached for the moon and didn't quite make it.
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hello. well, the weather on sunday morning isn't looking too bad for most of us — bright, even sunny skies on the way but it's not going to last. clouds are expected to increase and rain is in the forecast. in fact quite early in the morning it will already start to rain across some western areas of the uk. and as one weather system pulls away, a bit of a gap here through the early hours and then this next weather front pushes in and that's going to bring the rainfall on sunday. so, the forecast through the early hours shows the clear skies there across most of the uk. a few scattered showers here and there, the winds are light as well and by early on sunday morning, temperatures are close to freezing in some of the northern towns and cities.
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in the south of the country, it's closer to around 4 celsius for example in plymouth and in cardiff. so here is that bright or even sunny morning across many parts of the country with the clouds quickly increasing there from the west, so rain for belfast, rain reaching the north—west of england, certainly the lake district. liverpool in for some rain. probably rain reaching birmingham sometime early in the afternoon. but not the extreme south—east of england or the north or the east of scotland. in fact in aberdeen, it may well stay sunny all through the day. but i think as far as southern england's concerned and east anglia, you will get rain later on on sunday. now, the forecast into monday shows high pressure building very close to the uk. there are weather fronts approaching us and they will be brushing the far north—west of the country but i think that high pressure is eventually going to win. so, here's monday morning and we've got lots of fine, again bright or sunny weather, but clouds increasing
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here in the north west. so, skies i think are a little hazy both in the morning and the afternoon for places like belfast and glasgow but sunshine for norwich and london. and the temperatures, 13 celsius with lighter winds and sunshine, shouldn't feel too bad at all. tuesday into wednesday, that high pressure establishes itself across the uk but notice there's a weather front riding around its edge. so at times, it may be cloudy. but on balance, i think it's the high pressure that will win and the weather will be settled. so, here's the outlook for the week ahead. you can see mostly settled weather across the majority of the uk. temperatures rising a little bit but then it looks as though it's going to turn a little bit colder again towards the end of the week.
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this is bbc news — welcome if you're watching here in the uk or around the globe. i'm lewis vaughan jones. our top stories: the metropolitan police has responded to criticism of how it handled an unauthorised vigilfor sarah everard in london. we absolutely did not want to be in a position where enforcement action was necessary. but we were placed in this position because of the overriding need to protect people's safety. exactly a year since a young black woman, breonna taylor, was shot dead by police officers — us investigators say they've made significant progress in their probe into the killing. her boyfriend says he needs justice. breonna taylor was murdered so i mean, somebody�*s responsible was up you know.

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