Skip to main content

tv   The News With Shepard Smith  CNBC  January 12, 2022 4:00am-5:00am EST

4:00 am
that's all for this edition of "dateline." i'm craig melvin. thank you for watching. [music playing] "money." i'm jim cramer see you tomorrow the change the rules to ensure your right to vote and have it counted. i'm shepard smith. this is "the news" on cnbc president biden says he's tired of being quiet >> this is one of those defining moments in american history. >> taking on voting rights and the filibuster the changes he now supports and the strong words for those who don't. luring women with a dating app, then killing them and moving their remains around in a shopping cart. the investigation into a possible serial killer
4:01 am
a very british scandal escalates. >> did the prime minister attend the event? >> the bring your own beverage garden party while england was in strict covid lockdown. a medical chopper crashes. all four people onboard including a baby survive what we know about the pilot's last-minute actions. >> how to get a free at-home covid test your best chance at avoiding a long wait for your tax refund. >> and methritos anyone? >> the strangest items found at tsa checkpoints. live from krcnbc the truth from cnbc. >> are you on the side of dr. martin luther congress or george wallace? that question from president biden today as he called for carving out an exception to the filibuster to pass new voting rights laws.
4:02 am
speaking in georgia in the cradle of the civil rights movement, he said republicans left his party with no other option after they blocked all attempts to pass the bills the president also accusing the gop of trying to suppress votes. >> it's no longer about who gets to vote. it's about making it harder to vote it's about who gets to count the vote and whether your vote counts at all. >> ending the filibuster at least changing the rules for this case would require 60 votes in the senate which democrats appear not to have 19 states enacted nearly three dozen laws last year that made it harder to vote. that's according to the brennan center for justice republicans controlled most of the states where those laws passed in texas lawmakers banned voting measures put in place during the pandemic including drive of had through polling places in florida they limited the drop
4:03 am
boxes. in georgia lawmakers limited drop boxes and made it illegal to hand out food and water to people waiting in long lines to vote those just a few of the examples cnbc's correspondent kayla tausche. in no uncertain terms to pass two voting rights bills with 50 instead of 60 votes. the freedom to vote act would set rules for the mechanics of registration the john lewis voting rights advancement act aims to prevent discrimination at the polls by requiring federal approval to change certain state election laws republicans have suggested instead modernizing the 1887 law on certifying electoral vote, but today mr. biden in a fiery speech said there are no other options. >> i've been having these quiet conversations with members of congress for the last two months i'm tired of being quiet
4:04 am
>> on the ground in georgia, many activist groups were absent protesting what they called performance art and demanding less talk from the president and more action. >> he told us and the rest of america that he was a master statesman and the nuances and the rules of that body and that he could negotiate and get his colleagues who he often termed as friends to consensus. mr. mr. biden's challenge isn't reaching across the aisle. it's unifying his own party where there's not enough support to remove that 60-vote threshold outright they're not the only ones. arizona's mark kelly and new hampshire's jean shaheen have suggested more modest changes and delaware's chris kuntz, a close ally of the president's, he's still weighing what the right path is. president biden says history
4:05 am
will be the judge of that vote shep >> kayla, thanks more than 145,000 americans are in hospitals sick with covid. that's a record high according to hhs data. right now omicron is spreading faster than ever and it shows little sign of slowing well, maybe just a bit not in the united states and not around the globe the world health organization warns omicron could infect more than half of all people in europe in the next six to eight weeks. we are yet in another critical point in the fight against covid, but here in the u.s. the growing number of health experts is pushing back against the government and its handling of the pandemic here is the former fda commissioner and cnbc contributor dr. scott gottlieb i think we made a mistake for the last two years looking to the cdc for guidance when we should be looking to more local authorities for that guidance. >> that from squawk box this morning. dr. rochelle walensky and dr. anthony fauci testified on
4:06 am
capitol hill and they defended how the government is dealing with omicron and faced a barrage of questions from lawmakers and a lot of politics. at times the exchanges were tense. meg tirrell on today's contentious hearing. >> this committee will conduct itself with decorum and respect. >> it came after the latest in a series of heated exchanges between senator rand paul and anthony fauci. >> you are completely turning it around >> today the nation's top infectious disease doctor put his foot down. what happens when he gets out and accuses me of things that are completely untrue is that all of a sudden that kindles the crazies out there and i have life threats -- threats upon my life, harassment of my family and my children with obscene phone calls because people are lying about me. >> cdc director dr. rochelle walensky repeatedly clarified
4:07 am
the nation's recent isolation guidance >> people can come back to school after isolation after five days. if you're feeling well, use the rapid test and i need to stay home and isolate if you continue to be asymptomatic go out, wear a mask. don't go traveling. >> dr. janet woodcock was asked about omicron, including whether throat swabs would be more sensitive. until that has been cleared by the fda that should not be tried at home. >> we should not try to swab their throat they may stab themselves, okay that would not be good. >> we are at an unprecedented stage of the pandemic. most people are going to get covid and most important is to ensure hospitals and other essential services can still run while this happens. >> meg tirrell, thanks. >> millions of americans will soon be able to get at-home
4:08 am
covid tests for free the white house ordering private health insurers to cover the costs of rapid tests starting this saturday. under the new policy providers must cover eight tests per person per month the white house says it's working to ship a half a billion at-home tests to americans who order them that plan set to begin later this month the measures are part of the president's new push to make getting a covid test much easier the omicron surge has overwhelmed across the country u.s. labs are now processing nearly 3 million tests a day that's a 100% increase from just a month ago. cnbc's bertha coombs now if you can break down this new plan how does it work and who can get the test >> we all will, shep we will be able to get the new at-home reimbursement policy will start this saturday while the biden administration has been talking to insurers for the last month about it some
4:09 am
logistics are being worked out health insurers have picked up the tab of covid testing with the omicron surge and the holiday pushing testing to new records. the biden administration is now making them cover the cost of fda-approved at-home tests starting january 15th. home tests have been hard to find, but insurers i talked to say that they've been working with designated retailers and pharmacies their networks, if you will, where their members can pick up tests with no up-front costs >> you'll access it one of two two ways based on how the market works today. if your employer is on the existing solution. if you go to one of the participating locations you won't have to pay for anything we'll be able to square it away for you. the way the rules are set up that if you articulated. if you are accessing the service in some way, shape or form you'll submit a claim for reimbursement. >> insurers would only have to
4:10 am
pay for eight individuals per month and since most tests are sold in two-packs you'll get four packs a month for free in network. if you buy a test out of network then you'll have to submit a receipt for reimbursement and the inyou are shooer will pay up to $12 per individual test or $24 for a two-test package, but talking to insurers like cigna this afternoon most are telling me they won't have firm details to give for a couple of days and one industry leader says there could be some hiccups next week as the program rolls out meantime, be sure to watch tomorrow when we will have the cms administrator with the medicare and medicaid that is administering this she'll be talking to us first on cnbc on "squawk on the street" at 10:45 eastern shep >> bertha, thank you. >> the schools' standoff in chicago is over at last.
4:11 am
more than t2,000 students set t return after five straight days of canceled school they approved the plan with the nation's third largest district. union members need to sign off on the agreement, but for now, both students and teachers can return to class. the president of the teachers' union says it's not a perfect agreement, but he admits it's progress chicago mayor lori lightfoot -- excuse me, it is a step for students and schools >> we know this has been very difficult for students and families our goal throughout this entire process was to get our students back to in-person learning as quicklias possible and prevent work disruptions for the rest of the school year. >> she tested positive today, by the way. so far neither side has released full details of the agreement. genetically, the deal creates new metrics for which schools
4:12 am
must switch to remote learning >> top universities accused of scamming students out of financial aid. the accusations they cheated the system and the thousands of potential victims still out there. >> investigating the shopping cart killer. the new victims identified as police search for more of a potential serial killer. and confessing to her crime. why a young mother tossed her newborn baby into a dumpster and then drove away.
4:13 am
police in northern virginia linked a fifth victim to the man they dubbed the shopping cart killer they say investigators have found five bodies in northern virginia and d.c cops arrested a suspect they accuse of killing the women after meeting them on dating apps and transporting their bodies around in a shopping cart
4:14 am
so far he's facing charges for allegedly killing and concealing the bodies of two of the women here's cnbc's carey russell. >> their investigation is expanding into anthony robinson, the man they're calling the shopping cart killer >> this case is not about shopping carts it's about a serial killer who took the lives of innocent women. >> police say robinson murdered two women and then moved their bodies in a shopping cart. on friday police named him the primary suspect in the death of two more women. >> we believe he transported at least one of our fairfax county victims in a shopping cart, as well >> now there is another case police are looking at. a woman was found dead in d.c. >> that deceased woman, in a shopping cart, was covered only with a blanket we believe this may be anthony eugene robinson's fifth victim. >> no response from robinson's lawyer investigators in fairfax county
4:15 am
are meeting with 35 other police departments looking for similarities in other missing persons cases. police have called the fbi. >> we believe there are others who have had contact with robinson who can provide crucial information to us about him. >> police say robinson is the only suspect in the death of cheyenne brown she was pregnant with her second child. >> none of these families -- my family, none of these family deserve to go through this >> robinson and brown were talking on a date app called plenty of fish with robinson using the app to find its victims. >> we will fully cooperate with law enforcement to support their investigation. >> we believe robinson has also used the tagged dating app >> tagged has not responded for comment. >> robinson is being held in jail waiting for his trial on the two initial murder charges he has not been charged in connection to the other three cases. for the news, i'm perry rossum
4:16 am
an 18-year-old woman accused of throwing her newborn baby into a dumpster. police say she told them she didn't know she was pregnant until the day before she gave birth. the woman now facing charges of attempted murder and felony child abuse. police say the surveillance video shows alexis avila tossing a black bag into the dumpster and driving away six hours later the video shows three people looking through that dumpster. one pulls out the black bag to find the baby and called police. in an interview, police say avila told them that she gave birth and just panicked. she says she cut the umbilical cord, wrapped the baby in a towel, put the child in a white garbage bag with some trash and placed it inside the black garba garbage bag and her parents told police were unaware their
4:17 am
daughter was pregnant and they thought she was having stomach problems that baby is said to be doing well the mother, avila due back in court tomorrow a bombshell lawsuit accusing some of the nation's top universities of working together to limit the amount of financial aid handed out to many students. five of them filing the new lawsuit late sunday. it names 16 ivy league and other elite colleges and universities across the country including yale, georgetown and northwestern the student accusing the schools of coordinating to inflate the cost of attendance for financial aid recipients lawyers on the case say more than 170,000 other aid recipients could be eligible to join in the proposed class action lawsuit some of the schools declined to comment. others didn't immediately respond nbc news' request for info spokespeople for yale, caltech and brown said they're confident
4:18 am
in their financial aid practices. melissa corn now for higher education for the wall street journal. if you can explain how the coordination between the schools could have hurt these students. >> the coordination isn't just alleged. the schools acknowledge that they work together in this group to collaborate on what's calleded the consensus methodology just a shared formula to determine financial need there are 28 schools currently that work together in the group to come up with that formula and the lawsuit is saying that they shouldn't be allowed to do that, to collaborate or collude as the lawsuit says because they're not need blind and there's an anti-trust carveout in the law that allows them to collaborate on this if the need lies in admission decisions. >> we are talking about potentially 170,000 students and this isn't the first time the colleges are accused of
4:19 am
anti-competitive behavior. is this different? >> it is different there have been times in the past dating back to the early 1990s where schools were there to limit financial aid and more recently an industry group was required to allow more aggressive recruiting under threat of real action from the justice department so there's been a lot of movement on this front and this case isn't different in the scope of it and the fundamental claim that the schools that say they're need blind actually do consider applicants' wealth in the admissions process >> melissa, quickly. where does this go now >> so we're going have a long road for this one. these cases can take years to wind through the courts, but if we get to the discovery stage it's going to be very interesting to watch in the coming months. >> melissa korn from "the wall street journal" and wsj.com.
4:20 am
>> tax day months away what the irs says you should not wait to file not this year because there are huge backlog problems that stretched for years and they now say what is your best bet for getting a quick refund. and confirmation of what started that deadly row house fire in philadelphia from a 5-year-old
4:21 am
4:22 am
>> we've reported extensively here on staffing shortages and supply chain issues across you understand strees, grocery store construction and now the internal revenue service the deadline for most americans to file taxes is the middle of
4:23 am
april. the irs wants you to file early so you get your refund on time >> the april 18th tax filing deadline may be more than three months away, but the treasury department is warning americans now that the upcoming tax filing season could be frustrating. agency officials are facing enormous challenges. among them the pandemic. >> there is more to do without the staff doing it >> while the u.s. population has grown over the past half century. irs staffing is now at the same level it was more than 50 years ago with fewer than 15,000 workers available last year to handle more than 240 million calls. to make matters worse, the agency is using outdated technology and is also seeing its budget slashed nearly 20% over the past ten years. the best way to avoid refund delays this year, file early electronically and ditch the
4:24 am
paper forms. as of last month the agency still had a backlog of millions of unprocessed returns from the year before. for those who made less than $73,000 the irs offers freefile and companies like h & r block and turbotax offers their e filing, too. >> e-filing with direct deposit is the quicket way to get your tax refund people when file with direct deposit should not experience issues and should receive their refund within 21 days. >> so it's important to file electronically and make sure everything is accurate and it's filed electronically so that you can possibly get your refund sooner rather than later >> for the news, i'm tom costello. the fed chairman jay powell in the hot seat making his case for the second term while explaining his plan to control rising prices for almost
4:25 am
anything. >> know olympic speed skater deciding to give up one of her spots. why she did it and who's taking her place. >> and an escalating scandal at 10 downing street. new allegations that the british prime minister boris johnson was breaking his own covid rules the byob get together that has party leaders calling for his ouster as we approach the bottom of the hour and the top of the news from cnbc.
4:26 am
4:27 am
>> one of the most anticipated monthly economic reports is said to drop tomorrow the consumer-price index it measures what people pay for goods and services, gives us a snapshot of inflation. the last one was bad the labor department reported last month inflation rose at the fastest pace in nearly four decades. during his senate confirmation hearing jay powell acknowledged inflation's a real problem >> to get the kind of very strong labor market we want with high participation it will take a long expansion and to get the long expansion we'll need price stability. so in a way, high inflation is a severe threat to the achievement of maximum employment. >> so, sir, what do you plan to do about it? >> cnbc correspondent ylan mui is here, with interest rate hikes. >> they believe the fed will raise interest rates next year and today j. powell made the
4:28 am
case to washington, as well. he told them 2022 would be the year that the fed starts pulling back support for the nation's recovery >> the economy no longer needs or wants the very highly accommodative policies that we've had in place to deal with the pandemic and the aftermath so that's what that's really about. we're just really going to be moving over the course of this year to a policy that's closer to normal in from where we are. >> it doesn't mean you have to pay more for the things you buy and it can hurt the job market if the fed has to stomp on the brakes to slow down the economy. he can do what it takes to rein in rising prices. >> we see inflation persisting at high levels longer than expected and then -- if you have to raise interest rates more over time, we will we will use our tools to get
4:29 am
inflation back >> politically, several republican senators today committed to supporting powell's renomination that's important because at least four democratic senators say they plan to vote against him and shep, powell was confirmed the first time with strong bipartisan support so it's likely that he'll be confirmed again with backing from both republicans and democrats. >> ylan mui, thank you warning lights for the global economy and that's what's topping the cnbc's on the money. the world bank releasing its latest outlook, forecasting covid and the supply chain will send the world economy into a pronounced slowdown. the growth expected to come at 4.1% this year, down significantly from last year's 5.5% expansion >> a second buffalo new york area starbucks will unionize last month's vote just certified by the national labor relations board now two starbucks of 9,000
4:30 am
u u.s. stores have unionized starbucks has ten days to ask for the review of the labor board's decision >> and automated road rage tesla bringing back its full service driving software in its latest update. three from files, three different ones let you choose how the auto-pilot will drive, there's chill, average and assertive. the more aggressive setting reportedly follows other cars more closely, changes lanes more frequently and may perform rolling stops. chitty, chitty, bang, bang on wall street, the dow up 183 s&p up 43 snapping a five-day losing streak and the nasdaq u ♪ ♪ >> i'm shepard smith on cnbc it's the bottom of the hour. time for the top of the news. >> a medevac chopper goes down
4:31 am
in philadelphia. a baby and three others onboard survive. >> it is a miracle. >> how the pilot pulled it off. beijing cracking down on covid. the extreme measures now in place as china tries to keep the fast-approaching olympics on track. but first, crisis at number 10 downing street the uk prime minister under fire accused of outrageous hypocrisy. >> there is a pattern here boris johnson facing brand-new calls to resign over these new allegations that he broke his own covid lockdown rules again the evidence this time, a leaked invitation to a garden party in may of last year johnson's private secretary allegedly sent the invite to staff that read in part, please join us from 6:00 p.m. and bring your own booze remember, this was in may of 2020 the uk was still in strict lockdown, no parties allowed the british tabloids merciless
4:32 am
the star, were you at the party in yes or no, prime minister >> the sun, it's my party and i'll lie low if i want to and the daily mirror, the party's over, boris. >> the brits aren't biting their ton. >> i can ask the minister here today does he still believe the prime minister to be a man of honor and integrity? >> here, here! >> i want him gone i want -- i want politicians i can respect. and hedoesn't have any respect >> the latest allegations of a covid rule breaking party stem from a leaked e-mail published by itv news calling for a hundred staff members to quote, make the most of this lovely weather with a byob garden party in 2020 a time when covid
4:33 am
restrictions banned people from meeting with more than one person outside their household and outdoors prime minister boris johnson earlier this same day. >> you can sit in the sun and in your local park. you can drive to other destinations, you can even play sports only with members of your own household. >> on social media outrage came in the form of photos of what people did following the rules program like this 16-year-old celebrating his birthday, quote, seeing none of his friends and this photo shows four police officers on patrol breaking up gatherings of more than two people one member broke down recalling the death of a family member >> what -- his emotions rendering him unintelligible, but others were clear in their disdain for johnson who did not attend session on monday. >> his absence speaks volumes as he besmirks on the media, the
4:34 am
public have already drawn their own conclusions. he can run, but he can't hide. >> the progime minister has denied >> i certainly broke no rules. >> including the resignation of her video caught her joeking about an alleged christmas party. for the news, i'm valerie castro. >> valerie, new tonight, the independent another newspaper reported that staff at number 10 were told it would be a good idea to clean up their phones bice removing any suggestions that a lockdown party were held. i was told to get rid of anything that could look bad prime minister boris johnson is set to face the house of commons tomorrow in his regular wednesday visit. this time he'll begrilled abou the scandal, no doubt. updates on "the news" tomorrow night. in beijing the winter olympics less than a month away, but new omicron outbreaks
4:35 am
testing the strategy the country locked down a third city nationwide officials have ordered 20 million people to stay home. they're not allowed to go outside, and all, but essential businesses told to close it is unclear how long the lockdowns might last, but olympics officials say organizers relying on the athletes or staff to prevent an athlete that could disrupt the games. here's cnbc's eunice yun covid protocols that had been relaxed after the height of the pandemic in early 2020 now back. negative covid tests are required again to come t eunice yoo as china battles its first local outbreak of omicron. >> travel has all, but been suspended in the port city of shinzen. it is on the front line of omicron. when the first two cases were confirmed there shinzen into overdrive mass testing the
4:36 am
city's 14 million in two days. since then, dozens more have been confirmed, some elsewhere in china still traced to tianjin. the source is unknown and how long the strain has been here. >> omicron symptoms are not too severe this health adviser says, but it would be a mistake to take it lightly. omicron is testing the covid approach hy hypervigilant as it draws near visiting athletes and other participants will be walled off in what officials call a closed loop subjected to regular testing even as visitors, and when they land until they depart, they are to have no contact with the general public even in a car crash. video posted by beijing police order resz debts not to intervene if a vehicle is in trouble, but stand by for
4:37 am
official help. spectators are also not to cheer at events to avoid potential spread with omicron only half an hour by train tianjin is likely to stay for a while to make sure it doesn't derail president xi jinping's calls for the events. >> another challenge for the strict approach upon the lunar new year holiday is the biggest travel time of the year for chinese when people go home to see their families, but this year the government is urging everyone to stay put eunice yun live in beijing. an olympic speed skater has given up one of her spots in the upcoming winter games so that her friend can go for gold >> brittany bowe won the three events in the u.s. speed skating trials in milwaukee over the weekend qualifying for 1,000 and the 1500 meter races and her childhood friend, fellow speed
4:38 am
skat skater erin didn't have the same success. she slipped right at the end of the race you can see it right there coming up. just a small slip, but it cost her a shot at the olympics so bowe decided she would give up the spot at the 500 meters at the friend she explained why to our colleagues at the "today" show. >> when i was done competing that was the first thing that went back to my mind, and i wanted to make that decision on sunday before the team was announced because i couldn't see myself down there celebrating during the team announcement and popping champagne without erin become there. >> both athletes get a shot at olympic glory. just 24 days away. you can catch all of the action starting february 3rd on the networks of nbc universal and streaming on peacock the united states pledging
4:39 am
millio . the united nations pledging aid to afghanistan today the national security council announced the u.s. will provide $308 million of humanitarian aid the fund to be september to aid groups, not the taliban. the u.s. also is sending a million covid vaccine doses. lawmakers have been pressuring the biden administration to help afghanistan. the country is facing check collapse under the taliban government aid groups have warned of a humanitarian catastrophe if more isn't done. one year ago, reddit started a revolution on wall street. we look back at the birth of me is me stocks and investors and every day people and a horrific-looking crash scene.
4:40 am
a down ed plane down, why the cops say they want to shake that pilot's aid. >>
4:41 am
4:42 am
. a five-year-old boy playing with a lighter started the fire in philly. that from fire officials today >> we believe with certainty so 99-to-100% confidence that the first item ignited in this place was a christmas tree we believe with near certainty based on the evidence that the ignition source for that tree was a lighter. >> investigators say they've sorted through debris and examined electric am outlets at the scene. they determined the christmas tree was the first thing to burn before flames spread to the rest
4:43 am
of the house it happened in a duplex where 26 people lived 12 people, including eight children killed. fire investigators say the five-year-old boy told them exactly what happened and he was the only one on the second story ben when the fire began he was one of two people in his family to make it out alive. the pilot pulled from his crash plane just before a train hit it is in stable condition. that's according to one of the pilot's family member who's spoke to our nbc station in los angeles. police body camera caught the crash on video the pilot stepson in law says his face was pretty cut up and that he had a lot of broken bones, including some broken ribs he said the thought of what could have happened raced through his head all night >> all it would have taken is another two seconds and, you know, at least he would have
4:44 am
been killed. i mean, pretty much with certainty i think. >> and the cops could have been as well. he also said the pilot was very experienced with flying and used to be a fighter pilot in the air force. >> an absolute miracle that's what police in philadelphia said today after four people, including a two-month-old child survived a helicopter crash look at it this happened in upper darby just west of philly. officials there say the medical helicopter was headed to a children's hospital when it encountered some sort of difficulty the pilot able to put the chopper down right next to a church there the maybe, a nurse and two crew members all survived none of them with serious injuries officials say they were all able to escape the wreckage local coverage now from nbc 10 philadelphia and their reporter >> it was like literally in the sky a huge object coming towards you.
4:45 am
>> reporter: on the ground he and his family saw it coming. >> i slowed down and i literally see the chopper in the sky like right there. and so i'm stopped but then there is the moment where i realize this is going to hit the ground that's when i fully reversed. >> reporter: they didn't know others saw the chopper and called for help. >> we were getting concerns there was a plane in distress, a helicopter in distress it was near a church in a residential neighborhood and then for the first few minutes we learned it was a medical flight and an infant was on board, there were some dramatic moments early. >> reporter: responders thought they'd find fire, injury and death. >> we are blessed in the community, because this could have been much worse. >> reporter: the pilot, co-pilot and nurse as well as an infant aboard all escaped major injury. for those on the ground. >> like a miracle. >> this is absolutely a miracle from the lord. not only we didn't get hurt,
4:46 am
when we found out, we were looking at the news and found out there was an infant in the car. nobody there got hurt. it's an amazing situation. >> the pilot of this chopper, we are told, his condition was upgraded to fair condition while the faa is now here on scene, investigators are waiting for the ntsb so they can figure out what went wrong here again, a lot of things went right. you didn't have traffic on the streets. no one in their homes were injured at this point. investigators say they do believe there was a miracle here that happened in upper darby for nbc news it was one year ago today a group of retail traders on reddit pumped the price of gamestop and started a revolution on wall street. january 11th, 2021, the value of gamestop surged by nearly 13%, touching nearly $20 a share. about four months before that, it was worth less than five
4:47 am
bucks. by the end of january last year, it was up more than 1,800% and the term meme stock was born it's been a roller coaster ride since. gamestop down 52% since its peak yet one share is still worth $130 cnbc's leslie picker now lots of money made lots of money lost. >> yeah, that's right, shepp, one year ago, gamestop was struggling the company just announced it was shuttering hundreds of stores as the pandemic shifted buying habits online physical video games were becoming less popular. it seemed like the company was facing an existential crisis the entrepreneur sought a total transformation of gamestop and found his way into the boardroom. one year ago today igniting that fire under the stock it took off from there, thanks,
4:48 am
in part, to a chorus of champions and rallied around the hedge fund, some of which had bet against gamestop, one, in particular, they targeted was melvin capital, which months earlier disclosed it was short gamestop the wrong-way trade was partially responsible for melvin's losses of 29% in 2021, a year when the market was up 28%. not all fund managers suffered one nochd 85% for games last year -- inch notched 85% for games last year. the company was able to self stock at elevated levels and reinvest that cash in its business just last beak, new surface at gamestop is working on building an nft marketplace which sent the market surge once again. >> when we heard this happen, we
4:49 am
heard a lot of calls to look at gamestop and meme stocks anything come of that? >> it's been a lot of talk no action. several were hauled before congress last february nothing concrete has come from those conversations. then in october the securities and exchange commission released its long-awaitedif filings into this the one area the sec said warranted further consideration was the quote game-like features and celebratory animations in retail trading apps. later that month, james clayton told cnbc it's unlikely they would spend resources to reel in the social media driven frenzy he said, quote, we don't regulate euphoria. >> insert your comments here thank you. the tsa connice indicates lots of stuff like your shampoo
4:50 am
bottle and nail file you forgot was in your bag. also a burrito filled with crystal meth the meth-rito for those in the know next, what else made the list of the strangest things people have tried to pass through security a marine scientist in california gets patents from all over the world usually filled with trash. that is just what he wants why he is collecting plastic waste like phones, fishing gear and golf balls and turning the ocean's trash into treasure. >> d carefully for our dretirement. but we quickly realized we needed a way to supplement our income. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance.
4:51 am
every day in business brings something new.
4:52 am
so get the flexibility of the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get four lines or mix and match data options. available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. . the tsa releasing its top ten catchs at the security correct points last year among them, bullets and a deed rant stick a. meth burrito or meth-rito, crystal meth stuffed in a breakfast wrap. bear spray and wine bottle holder that looks like a pair of revolvers. the number one top catches, a
4:53 am
chainsaw, not forbidden by name you definitely prohibited as our most onboard lumber jack too many the national acad miss of science, everything nearing and medicines estimates 8 million metric tons of plastic waste enters the ocean every year. that's like a garbage dump every minute they're repurposing it into something beautiful. reporter greg bledsoe with that story. >> that's about it a. garbage dump of plastics every minute. i'm an ocean artist and marine scientist. this is my workshop in santa cruz my hometown i stockpile ton us of old fishing gear that i used to make artwork. this stuff is pretty i keep a lot of this around. all of this is full.
4:54 am
some is sustained by its life at sea. this came off a beach in malibu. >> specialty stuff here a. nice lady in florida sent me this cool net every one of these ropes has a story. it's abundant. a lot of the plastic in the ocean comes from commercial fisherys they lose gear, they illegally dump it at sea it's a pretty big problem, it's also the most dangerous form of plastic in the ocean i had people e-mailing me, hey, i got a bunch of trash you want it? i'm like, what do you got. interesting thing to be in, people sent me their trash through fed-ex i got an e-mail a couple years ago from a young lady. she had collected 50,000 golf balls out of the water near her home in pebble beach 50,000 when they roll around on the sea floor, they katrina open and have weird proprietary heavy met
4:55 am
ams that are potentially quite nasty for minor life so we drilled howe holes in 20,000, strung them up on stainless steel rods i had about 3,000 points u pounds of golf balls one individual, if they get people to pay attention can kind of change policy you know, a giant corporation like the pebble beach company pretty much you know listened and adjusted their activity was. i think there is a growing awareness around the issue of plastic pollution. i think when plastic was developed in the 1950, it was this cure-all. oh, you can wrap your sandwich in this plastic back and throw it away. it doesn't matter. it just goes away. i think there is an any creaseing awareness there is no way. i made this sculpture out of about 1,000 plastic phone cases, we make all these women ets to go with our new phones, then in two years, they're obsolete. art can be a mechanism for
4:56 am
bringing a coalition together is one thing i've learned i want people to internalize how big of on issue we're in we're producing more plastic today than we were yesterday it's only increasing i am going to keep going and i'm excited to see what i come up with in the next few years >> close to 23 million people watched georgia beat 'bama last night for the national championship nielsen reports it's the second lowest title games it kicked off a celebration 41 years in the making for bulldog fans, the new national champions back in georgia today after that win. dog fans cheered in line to get championship swag. they came hungry for the revenge after the tide crushed them a month ago. the first half, field goal after field goal 'bama went into halftime
4:57 am
in the fourth quarter, georgia found its footing scored 20 points to alabama's 9. the freshman sealed the deal and a sprint to the end zone for the final touchdown on the game. a minute left on the clock. >> play clock at 4 from the pocket. launching down under thrown and intercepted keely wrappingo has a score down the side lines all the way to the end zone. >> they tried to get him to stop they wouldn't. a pick six to win it all players and fans burst into tears and heers, including the quarterback bennett. nicknamed the mailman, he originally walked on at georgia and played a year in mississippi before becoming the dog's quarterback. he said all the emotion got him. a parade tentatively planned for
4:58 am
saturday. 55 seconds on the race to the finish president biden urging lawmakers to consider an exception for the filibuster to pass new voting rights laws. right now, it does not appear the democrats have enough hope to change senate rules and tomorrow, the labor department expected to release the latest snapshot on inflation. the fed chair j. powell told lawmakers today rising prices pose a threat no the job market. now the early news of this tuesday, the 11th of january, 2022, i'm shepard smith. follow us on instagram and twitter @thenewsoncnbc first in business world wide .
4:59 am
5:00 am
can the markets make it two in a row after a rough start to the year investors ignoring jerome powell on tuesday and sending stocks higher the white house desperate to keep schools open around america and address a major covid testing shortfall. is it too little too late? the company formerlyadding e and trac

50 Views

info Stream Only

Uploaded by TV Archive on