1
00:00:00,080 --> 00:00:02,360
Speaker 1: Be sure to catch live editions of The Ben Maller

2
00:00:02,400 --> 00:00:05,560
Speaker 1: Show weekdays at two a m. Eastern eleven p m Pacific.

3
00:00:07,880 --> 00:00:11,319
Speaker 1: If you thought more hours a day, minutes a week

4
00:00:11,480 --> 00:00:14,840
Speaker 1: was enough, I think again. He's the last remnants of

5
00:00:14,880 --> 00:00:18,520
Speaker 1: the old republic, a sole fashion of fairness. He treats

6
00:00:18,560 --> 00:00:21,400
Speaker 1: crackheads in the ghetto cutter the same as the rich

7
00:00:21,480 --> 00:00:25,840
Speaker 1: pill poppers in the penthouse, to clearinghouse of hot takes,

8
00:00:25,920 --> 00:00:30,040
Speaker 1: break free for something special. Fifth Hour with Ben Maller

9
00:00:30,200 --> 00:00:37,080
Speaker 1: starts right now in the a everywhares we kick off

10
00:00:37,080 --> 00:00:40,400
Speaker 1: the weekend and have some fun here on the podcast.

11
00:00:40,440 --> 00:00:42,919
Speaker 1: He spin off. You know that by now he spin off.

12
00:00:42,960 --> 00:00:45,840
Speaker 1: If you're new to the podcast, welcome of the Overnight show.

13
00:00:45,960 --> 00:00:49,800
Speaker 1: Four hours a night clearly not enough. On the Overnight.

14
00:00:49,840 --> 00:00:52,400
Speaker 1: We do some different things on the podcast. We don't

15
00:00:52,400 --> 00:00:54,520
Speaker 1: stick to sports because we don't stick to sports on

16
00:00:54,560 --> 00:00:57,960
Speaker 1: the podcast. Uh and hey, we do this eight days

17
00:00:57,960 --> 00:01:00,880
Speaker 1: a week. So this is our Friday podcast. Saturday got

18
00:01:00,960 --> 00:01:03,560
Speaker 1: a brand new Pipe and Hot podcast. It will come

19
00:01:03,560 --> 00:01:07,800
Speaker 1: your way. And then the mail bag. The staple of Sundays.

20
00:01:08,040 --> 00:01:10,800
Speaker 1: You know, people think on Sundays a day of leisure,

21
00:01:10,920 --> 00:01:12,920
Speaker 1: day of rest. You might go to church or something

22
00:01:12,959 --> 00:01:17,560
Speaker 1: like that. But the mail bag a large part of

23
00:01:17,600 --> 00:01:20,759
Speaker 1: the conscience of America. But it is the fifth hour

24
00:01:20,840 --> 00:01:25,880
Speaker 1: in UH. It's a spind the wheel of podcast sidekicks

25
00:01:25,920 --> 00:01:29,000
Speaker 1: here and see round and round and round and round.

26
00:01:29,040 --> 00:01:31,960
Speaker 1: Oh look at it. Look who's decided to leave west

27
00:01:32,000 --> 00:01:34,119
Speaker 1: of the four oh five and come in here this week?

28
00:01:34,480 --> 00:01:38,760
Speaker 1: David gascon joining us here? How excited? Is that? Unbelievable?

29
00:01:38,800 --> 00:01:40,760
Speaker 1: I I thought it was a fitting occasion to come

30
00:01:40,760 --> 00:01:43,680
Speaker 1: back this week after what went down earlier in the week,

31
00:01:43,800 --> 00:01:47,000
Speaker 1: dude to UH due to the dark alleys of Reddit

32
00:01:47,080 --> 00:01:51,400
Speaker 1: and also the white collar sycophants in Wall Street. So

33
00:01:51,640 --> 00:01:54,080
Speaker 1: it's well, you are referring to these So this is

34
00:01:54,120 --> 00:01:58,880
Speaker 1: going to be a podcast related to Wall Street, but

35
00:01:59,480 --> 00:02:03,880
Speaker 1: in s Polton terms, in Layman terms, is what it's

36
00:02:03,880 --> 00:02:05,960
Speaker 1: gonna be. Yeah, it is a wild story. It does

37
00:02:06,040 --> 00:02:09,000
Speaker 1: have a sports angle to it because a lot of

38
00:02:09,040 --> 00:02:12,720
Speaker 1: the owners in professional sports, many of the new owners

39
00:02:12,840 --> 00:02:16,880
Speaker 1: are hedge fund people, and this involves the attempt to

40
00:02:17,040 --> 00:02:21,480
Speaker 1: take down some of the hedge funds. And just to

41
00:02:21,520 --> 00:02:23,959
Speaker 1: give you the thumbnail version, that's kind of set this

42
00:02:24,040 --> 00:02:25,799
Speaker 1: up because we are going to be joined. This is

43
00:02:25,840 --> 00:02:32,480
Speaker 1: an interview podcast by a financial guru, well media guru

44
00:02:32,560 --> 00:02:37,280
Speaker 1: who covers finances and all that and has inside inside

45
00:02:37,280 --> 00:02:40,080
Speaker 1: informational throw but it's plugged. Being plugged in would be

46
00:02:40,120 --> 00:02:42,680
Speaker 1: the way to describe it. So if you haven't been

47
00:02:42,720 --> 00:02:45,200
Speaker 1: paying attention and you're completely in the dark on this

48
00:02:45,480 --> 00:02:51,920
Speaker 1: on Wall Street a subreddit, Wall Street bets they started

49
00:02:52,040 --> 00:02:57,239
Speaker 1: this movement investing on game Stop, which is a struggling

50
00:02:57,560 --> 00:03:01,480
Speaker 1: video game retailer, and they roll the price of stock up.

51
00:03:02,400 --> 00:03:06,600
Speaker 1: But that's screwed over the people that were investing in,

52
00:03:06,639 --> 00:03:08,320
Speaker 1: betting it was going to go the other way. It's

53
00:03:08,360 --> 00:03:11,840
Speaker 1: called shorting a stock, is what it's called. And we're

54
00:03:11,840 --> 00:03:13,760
Speaker 1: gonna get into that here. And I think we should

55
00:03:14,160 --> 00:03:18,160
Speaker 1: welcome in now from the Street Live with Jim Kramer.

56
00:03:18,760 --> 00:03:22,280
Speaker 1: You can see her with the Jim Kramer, that crazy

57
00:03:22,320 --> 00:03:25,959
Speaker 1: guy from CNBC. They do a show every morning on

58
00:03:26,000 --> 00:03:30,760
Speaker 1: the Street welcoming Katherine Ross, who joins us here on

59
00:03:30,840 --> 00:03:36,080
Speaker 1: the fifth hour with Ben Maller and guesscon So, Catherine, welcome.

60
00:03:36,120 --> 00:03:40,680
Speaker 1: I think we should start with the term shorting a stock.

61
00:03:40,840 --> 00:03:45,400
Speaker 1: What exactly does that even mean? So to break it down,

62
00:03:45,800 --> 00:03:48,760
Speaker 1: short telling is basically saying that you're looking at a

63
00:03:48,800 --> 00:03:51,280
Speaker 1: company stock, and you're looking at the company, you're saying,

64
00:03:51,400 --> 00:03:56,800
Speaker 1: this company cannot survive. So for fun, let's let's pretend

65
00:03:56,800 --> 00:03:59,000
Speaker 1: that we're trying to invest in sears and we're looking

66
00:03:59,040 --> 00:04:01,400
Speaker 1: at those stock and we're saying, you know, this is

67
00:04:01,440 --> 00:04:04,320
Speaker 1: just gonna they're gonna declare bankruptcy sooner or later. So

68
00:04:04,360 --> 00:04:09,560
Speaker 1: I'm gonna buy x amount of fear shares for five

69
00:04:09,640 --> 00:04:13,920
Speaker 1: dollars from somebody who has um who owns shares, So

70
00:04:13,960 --> 00:04:16,840
Speaker 1: I'm borrowing them and then because I'm betting that it's

71
00:04:17,120 --> 00:04:20,039
Speaker 1: that it's going to fail when that when that share

72
00:04:20,160 --> 00:04:24,400
Speaker 1: goes down, I'm selling it. I'm giving it back to

73
00:04:24,480 --> 00:04:28,080
Speaker 1: the person who owns those shares at a profit. So,

74
00:04:28,160 --> 00:04:32,120
Speaker 1: for example, if I borrowed at five dollars and it

75
00:04:32,160 --> 00:04:36,320
Speaker 1: went down to one dollar, then I get to pocket

76
00:04:36,320 --> 00:04:41,320
Speaker 1: the four dollars. Yeah, yeah, yeah, I know, I know absolutely.

77
00:04:41,320 --> 00:04:44,640
Speaker 1: So you're you're betting on failure, right, That's that's how

78
00:04:44,760 --> 00:04:49,000
Speaker 1: that would work. You're betting on failure. And so this

79
00:04:49,000 --> 00:04:53,400
Speaker 1: this reddit community Wall Street Beats has has gotten or

80
00:04:53,440 --> 00:04:57,560
Speaker 1: bets rather, has gotten a lot of attention here and

81
00:04:57,760 --> 00:05:00,679
Speaker 1: have they essentially at least for a couple of days

82
00:05:01,080 --> 00:05:04,320
Speaker 1: beaten the hedge fund guys at their own at their

83
00:05:04,320 --> 00:05:08,840
Speaker 1: own game. Yeah they did. Um, they were basically able

84
00:05:08,880 --> 00:05:11,000
Speaker 1: to say that we believe in this company. We actually

85
00:05:11,040 --> 00:05:14,120
Speaker 1: think they's a turnaround story. And for full context, this

86
00:05:14,320 --> 00:05:17,560
Speaker 1: comes after one of the cheery co founders not only

87
00:05:17,600 --> 00:05:20,120
Speaker 1: invested heavily in game Stop a while ago, but then

88
00:05:20,200 --> 00:05:22,520
Speaker 1: ended up joining the board and said the heat plans

89
00:05:22,560 --> 00:05:25,920
Speaker 1: to help turn around game Stop. So these guys are

90
00:05:25,920 --> 00:05:28,279
Speaker 1: basically saying, I see this as a turnaround story. The

91
00:05:28,400 --> 00:05:31,920
Speaker 1: hedge funds shorting this stock are wrong, and therefore they

92
00:05:31,920 --> 00:05:34,240
Speaker 1: were able to drive it up because they came and

93
00:05:34,320 --> 00:05:36,719
Speaker 1: drove and when they drove it up, then they forced

94
00:05:36,920 --> 00:05:40,000
Speaker 1: the hedge funds to cover their short positions, which means

95
00:05:40,000 --> 00:05:43,880
Speaker 1: that they have to spend money instead of get money. Yeah,

96
00:05:43,920 --> 00:05:47,200
Speaker 1: and it wasn't just the Reddit, So it was all

97
00:05:47,240 --> 00:05:49,560
Speaker 1: I saw. Elon Musk was in on there, and there's

98
00:05:49,600 --> 00:05:52,560
Speaker 1: some other people, not just some people of high profile.

99
00:05:53,320 --> 00:05:56,279
Speaker 1: Uh So I know Elon Musk is a pretty good

100
00:05:56,320 --> 00:05:59,520
Speaker 1: imprint on social media and all that, So that played

101
00:05:59,520 --> 00:06:02,320
Speaker 1: in He's hasn't he had an issue over the years

102
00:06:02,320 --> 00:06:05,760
Speaker 1: here Catherine with the hedge fund community in general, right

103
00:06:05,839 --> 00:06:08,240
Speaker 1: with Tesla and all that. I remember reading something about

104
00:06:08,240 --> 00:06:10,719
Speaker 1: that a while ago there, So this is a bit personal,

105
00:06:10,720 --> 00:06:15,240
Speaker 1: I would think, yes, perhaps, Yeah, I think what you're

106
00:06:15,400 --> 00:06:17,719
Speaker 1: referring to is maybe a couple of years ago when

107
00:06:17,720 --> 00:06:19,920
Speaker 1: he tweeted out that he wanted to take Tesla private

108
00:06:19,960 --> 00:06:23,440
Speaker 1: at four twenties share. Is that what you're referring to? Yeah,

109
00:06:23,480 --> 00:06:27,000
Speaker 1: And then there was that uproar and then so but

110
00:06:27,839 --> 00:06:30,880
Speaker 1: that aside, though, you know, how what if you were

111
00:06:30,920 --> 00:06:34,240
Speaker 1: to break up the percentage pie Katherine, like, how much

112
00:06:34,279 --> 00:06:37,360
Speaker 1: of what happened the last week on Wall Street was

113
00:06:37,400 --> 00:06:41,280
Speaker 1: the subreddit and how much of it was influenced by

114
00:06:41,839 --> 00:06:45,279
Speaker 1: Elon Musk and a few other people of prominence that were,

115
00:06:45,920 --> 00:06:50,560
Speaker 1: I guess adding fuel to the fire. I'm not even

116
00:06:50,600 --> 00:06:53,159
Speaker 1: a lot of the credit to Wall Street bets Um,

117
00:06:53,880 --> 00:06:58,520
Speaker 1: and I think that when Elon Musk, Canton Winklevoss, and

118
00:06:58,839 --> 00:07:03,080
Speaker 1: Champa Uh joined the prey, they kind of added to it.

119
00:07:03,120 --> 00:07:06,200
Speaker 1: And we definitely saw stock the stock spikes on all

120
00:07:06,240 --> 00:07:09,159
Speaker 1: three occasions. But I definitely think that this really started

121
00:07:09,160 --> 00:07:12,240
Speaker 1: with WSB and their drive to say that a lot

122
00:07:12,320 --> 00:07:14,240
Speaker 1: of them really believe that that there's a turnaround story.

123
00:07:14,240 --> 00:07:18,600
Speaker 1: It wasn't just it became overheated really quickly. But the

124
00:07:18,640 --> 00:07:22,239
Speaker 1: core of it really was that they believe in the stock. Yeah,

125
00:07:22,320 --> 00:07:24,760
Speaker 1: and and reading some of the stories that have come out,

126
00:07:24,880 --> 00:07:28,840
Speaker 1: and you deal in this world all the time, but uh,

127
00:07:28,960 --> 00:07:31,160
Speaker 1: the people say this, this is a revolution, this is

128
00:07:31,160 --> 00:07:33,480
Speaker 1: a revel we've seen this week is not just kind

129
00:07:33,520 --> 00:07:37,640
Speaker 1: of a one off situation against the people on Wall Street.

130
00:07:38,200 --> 00:07:40,240
Speaker 1: Does it rise to that level or is this a

131
00:07:40,280 --> 00:07:42,840
Speaker 1: story that's just a couple of days and then things

132
00:07:42,840 --> 00:07:45,400
Speaker 1: will start to get back to normal, you know, next week.

133
00:07:47,160 --> 00:07:48,600
Speaker 1: So I've been in contact with a lot of the

134
00:07:48,640 --> 00:07:51,680
Speaker 1: community over on WSB and they have assured me that

135
00:07:51,760 --> 00:07:54,000
Speaker 1: this is as you just said, this is a movement

136
00:07:54,000 --> 00:07:56,640
Speaker 1: for them. This is more than just making some money

137
00:07:56,640 --> 00:08:00,160
Speaker 1: off of the trade. And especially now on Thursday we

138
00:08:00,200 --> 00:08:04,080
Speaker 1: saw a bunch of brokerages m restrict buying of these stocks.

139
00:08:04,640 --> 00:08:06,880
Speaker 1: That that message has kind of been reaffirmed that they

140
00:08:06,880 --> 00:08:11,080
Speaker 1: want to really, in their words, take it to Wall Street.

141
00:08:11,160 --> 00:08:14,880
Speaker 1: They think that Wall Street doesn't in their in their eyes,

142
00:08:14,920 --> 00:08:17,440
Speaker 1: that they that Wall Street doesn't seem to care about

143
00:08:17,480 --> 00:08:20,240
Speaker 1: the retail invector. Whether that's right or wrong, that's up

144
00:08:20,320 --> 00:08:23,680
Speaker 1: for debate, but that is their view. Yeah, and you

145
00:08:23,760 --> 00:08:27,280
Speaker 1: brought up the I'm on I'm on robin Hood. Uh,

146
00:08:27,400 --> 00:08:29,040
Speaker 1: you know, I play around there a little bit. But

147
00:08:29,720 --> 00:08:31,720
Speaker 1: for them to take and I guess some of the

148
00:08:31,720 --> 00:08:36,439
Speaker 1: other day trading apps took uh the stocks that they

149
00:08:36,440 --> 00:08:39,760
Speaker 1: were betting on on the on the subreddit, they took

150
00:08:39,800 --> 00:08:42,319
Speaker 1: them off. So how much damage do you think that's

151
00:08:42,360 --> 00:08:45,280
Speaker 1: gonna do it to robin Hood, which is thriving right now,

152
00:08:46,040 --> 00:08:48,320
Speaker 1: that when things get a little crazy, they's gonna not

153
00:08:48,400 --> 00:08:52,160
Speaker 1: allow you to purchase the stock. I would think that's

154
00:08:52,200 --> 00:08:55,760
Speaker 1: that's gonna do some damage to their business model. How

155
00:08:55,800 --> 00:08:58,839
Speaker 1: do you think that plays out? Oh, it's gonna It's

156
00:08:58,880 --> 00:09:01,280
Speaker 1: definitely gonna do damage. I mean, I've been assured by

157
00:09:01,360 --> 00:09:04,320
Speaker 1: many that they're leaving robin Hood as soon as they can. Um.

158
00:09:04,440 --> 00:09:06,839
Speaker 1: The other interesting thing actually is that robin Hood plans

159
00:09:06,880 --> 00:09:10,320
Speaker 1: to go public, and so this is I'm sure that

160
00:09:10,400 --> 00:09:12,760
Speaker 1: right now they're very happy they're a private company, but

161
00:09:12,880 --> 00:09:18,000
Speaker 1: going forward, this has really hurt consumer trust in robin Hood,

162
00:09:18,040 --> 00:09:20,240
Speaker 1: and therefore I could see them having some trouble with

163
00:09:20,320 --> 00:09:23,960
Speaker 1: the I p O. Catherine. When you when you look

164
00:09:24,000 --> 00:09:26,040
Speaker 1: at this, and I know you you're talking about the

165
00:09:26,080 --> 00:09:28,800
Speaker 1: community with Wall Street bets and you've been in contact

166
00:09:28,800 --> 00:09:31,480
Speaker 1: with those people throughout the week. What about on the

167
00:09:31,520 --> 00:09:35,560
Speaker 1: opposing side. I mean, don't some of these people, the

168
00:09:35,640 --> 00:09:38,839
Speaker 1: people that are up and above us, like, don't they

169
00:09:38,960 --> 00:09:42,080
Speaker 1: understand the gravity of this situation given the fact that

170
00:09:42,600 --> 00:09:45,680
Speaker 1: one we're in a pandemic and two there's all kinds

171
00:09:45,679 --> 00:09:48,040
Speaker 1: of people in this country that are at home and

172
00:09:48,080 --> 00:09:50,040
Speaker 1: have nothing else to do, and then just got six

173
00:09:50,400 --> 00:09:54,520
Speaker 1: dollars from the government. I think that's definitely part of it.

174
00:09:54,640 --> 00:09:58,920
Speaker 1: I think that they're Wall Street that's really struggled at

175
00:09:58,960 --> 00:10:01,880
Speaker 1: the beginning to makes this known as being seen as

176
00:10:01,880 --> 00:10:04,400
Speaker 1: a serious thing. And then when it when they were

177
00:10:04,440 --> 00:10:07,680
Speaker 1: able to drive the stock price up so much, suddenly

178
00:10:07,760 --> 00:10:09,760
Speaker 1: there was like a panic and there is a lot

179
00:10:09,760 --> 00:10:14,760
Speaker 1: of worry on Wall Street of the traditional power structure

180
00:10:14,840 --> 00:10:17,520
Speaker 1: being upset. And I think that that's kind of why

181
00:10:17,559 --> 00:10:23,800
Speaker 1: you're seeing what could be construed as a class back right.

182
00:10:23,840 --> 00:10:26,360
Speaker 1: And I was gonna say with regards to that too,

183
00:10:26,400 --> 00:10:28,679
Speaker 1: because now you're trying to pick up the pieces of

184
00:10:28,720 --> 00:10:31,680
Speaker 1: where this shutdown was coming from. Who called it? Is

185
00:10:31,679 --> 00:10:34,559
Speaker 1: it Robin Hood or is it someone else? But on

186
00:10:34,600 --> 00:10:38,520
Speaker 1: Thursday there were reports that Treasury Secretary Jett Yelling had

187
00:10:38,520 --> 00:10:42,520
Speaker 1: received over eight hundred thousand dollars in speaking fees, and

188
00:10:42,559 --> 00:10:44,640
Speaker 1: that came from Citadel, which is a hedge fund company

189
00:10:44,840 --> 00:10:49,600
Speaker 1: founded by Ken Griffin. So like that influence is there

190
00:10:50,520 --> 00:10:53,160
Speaker 1: from somebody deep down? Like where does this come from?

191
00:10:53,200 --> 00:10:55,719
Speaker 1: Because we've seen the class action lawsuits on Thursday? Like,

192
00:10:55,760 --> 00:10:57,680
Speaker 1: how does this? How does this play out? How do

193
00:10:57,720 --> 00:11:02,000
Speaker 1: you see it? I think that there's going to be

194
00:11:02,080 --> 00:11:05,640
Speaker 1: a lot of back and forth and pointing fingers. I

195
00:11:05,679 --> 00:11:08,559
Speaker 1: saw an interview with Andrew rost or Kin of CNBCS

196
00:11:08,559 --> 00:11:11,679
Speaker 1: who basically said that this he worries that when this,

197
00:11:12,000 --> 00:11:13,920
Speaker 1: when the dust settles here, we're going to see everyone

198
00:11:13,960 --> 00:11:16,240
Speaker 1: pointing fingers at one another. And I believe that to

199
00:11:16,240 --> 00:11:18,760
Speaker 1: be the case. I think that no one trust each

200
00:11:18,760 --> 00:11:23,120
Speaker 1: other right now, and it's very divided. What I think

201
00:11:23,200 --> 00:11:25,520
Speaker 1: will happen now because of the action that we've seen

202
00:11:25,559 --> 00:11:27,880
Speaker 1: on Thursday, is that we're going to see more regulation

203
00:11:27,960 --> 00:11:31,600
Speaker 1: of these online brokerages, because the question now is being

204
00:11:31,679 --> 00:11:34,760
Speaker 1: raised by both Democrats and Republicans. Is it okay for

205
00:11:34,800 --> 00:11:37,440
Speaker 1: them to be able to restrict buying of stocks? You

206
00:11:37,480 --> 00:11:41,160
Speaker 1: know that? Is that fair to the to a free market? Yeah?

207
00:11:41,200 --> 00:11:43,920
Speaker 1: I mean because we've gone through, We've gone through days,

208
00:11:44,080 --> 00:11:46,880
Speaker 1: weeks and months now about what you can and what

209
00:11:47,000 --> 00:11:49,240
Speaker 1: you can't tweet, what you can you can't post on

210
00:11:49,280 --> 00:11:52,520
Speaker 1: social media, whether it's YouTube, Facebook, whatever it is. And now,

211
00:11:52,559 --> 00:11:55,439
Speaker 1: if you're gonna have these restrictions on how you can trade,

212
00:11:55,440 --> 00:12:00,400
Speaker 1: whether it's shorting or buying these options, what's next? Yeah,

213
00:12:00,440 --> 00:12:04,040
Speaker 1: I mean that's the ultimate question, is it there? The

214
00:12:04,040 --> 00:12:07,800
Speaker 1: The argument for the online brokerages does make sense, and

215
00:12:07,880 --> 00:12:09,680
Speaker 1: it's when you just look at it and it's black

216
00:12:09,720 --> 00:12:12,800
Speaker 1: and white. These brokerages are trying to protect themselves. They're

217
00:12:12,800 --> 00:12:15,080
Speaker 1: worried that and they're trying to protect the consumer. They

218
00:12:15,480 --> 00:12:17,800
Speaker 1: seeing this volatility, and they're worried that people who are

219
00:12:17,800 --> 00:12:22,080
Speaker 1: not they they're all well enough known around won't they

220
00:12:22,120 --> 00:12:25,120
Speaker 1: don't know enough that they could really hurt themselves if

221
00:12:25,160 --> 00:12:28,360
Speaker 1: they continue to trade such volatile stocks. That makes sense.

222
00:12:28,400 --> 00:12:31,160
Speaker 1: They also don't want to get sued. That also makes sense.

223
00:12:31,559 --> 00:12:34,400
Speaker 1: The issue then is do you have a right to

224
00:12:34,520 --> 00:12:38,000
Speaker 1: tell someone that they can't trade that stock or do

225
00:12:38,040 --> 00:12:41,280
Speaker 1: you try to educate them better? You know, instead of allowing,

226
00:12:41,760 --> 00:12:44,840
Speaker 1: for example, Margin calls it out of highood alatail stock,

227
00:12:44,920 --> 00:12:48,000
Speaker 1: do you force them do you somehow educate them before

228
00:12:48,040 --> 00:12:50,720
Speaker 1: they make these decisions. And I would be the question,

229
00:12:50,800 --> 00:12:52,400
Speaker 1: and I have a tough time with that because the

230
00:12:52,440 --> 00:12:54,920
Speaker 1: instant pushback for me, and you heard it throughout the week,

231
00:12:55,040 --> 00:12:58,240
Speaker 1: is that you have people they're treating the stock market

232
00:12:58,360 --> 00:13:01,240
Speaker 1: like a casino. Well, when you go into a casino,

233
00:13:01,360 --> 00:13:03,360
Speaker 1: you have no parachute. I mean, you go in there,

234
00:13:03,360 --> 00:13:05,960
Speaker 1: there's there's some disclosures, there's some things that you warn

235
00:13:06,040 --> 00:13:09,560
Speaker 1: you about for you know, gambling for gamblers, anonymous and whatnot,

236
00:13:09,559 --> 00:13:12,200
Speaker 1: if you have a gambling problem. But once you go in,

237
00:13:12,360 --> 00:13:14,520
Speaker 1: you lay down the money. It's it's there, it's there

238
00:13:14,559 --> 00:13:18,560
Speaker 1: for the taking. So like I don't I don't fully

239
00:13:18,640 --> 00:13:21,680
Speaker 1: comprehend that nature of saying, well, we need to regulate,

240
00:13:21,720 --> 00:13:24,240
Speaker 1: we need to inform and educate. I mean, that's that's

241
00:13:24,280 --> 00:13:26,160
Speaker 1: part of who you are. It's part of who we

242
00:13:26,240 --> 00:13:29,360
Speaker 1: are as as adults. We have free random use our

243
00:13:29,600 --> 00:13:33,680
Speaker 1: money as we choose. No, I mean I would personally,

244
00:13:33,679 --> 00:13:36,000
Speaker 1: as a journalist agree with you. I would say that

245
00:13:37,160 --> 00:13:39,640
Speaker 1: there should be tools in place that if you, for example,

246
00:13:39,640 --> 00:13:43,120
Speaker 1: if you're going to allow people to um buy margins,

247
00:13:43,480 --> 00:13:46,720
Speaker 1: then what you should be doing is for some take

248
00:13:46,880 --> 00:13:49,880
Speaker 1: an education course or something of the sword before you

249
00:13:49,920 --> 00:13:52,400
Speaker 1: really allow them to dive deep into the technical part

250
00:13:52,440 --> 00:13:54,440
Speaker 1: of that. But if they're looking to buy a stock,

251
00:13:55,160 --> 00:13:57,280
Speaker 1: what what better way to get people into the market.

252
00:13:57,320 --> 00:14:00,000
Speaker 1: And I think that this overall based on the conversation

253
00:14:00,000 --> 00:14:02,520
Speaker 1: as I've had with the younger investors who have recently

254
00:14:02,600 --> 00:14:05,960
Speaker 1: gotten in via Robin Hood, Um, they really feel like

255
00:14:05,960 --> 00:14:09,800
Speaker 1: there's no trust anymore. Yeah, it is interesting. I mean,

256
00:14:09,800 --> 00:14:13,680
Speaker 1: you brought the average investor the person used like Robin

257
00:14:13,679 --> 00:14:16,800
Speaker 1: Hood and things like that. But back a few years ago,

258
00:14:16,840 --> 00:14:19,400
Speaker 1: I remember when these things, these apps came around and

259
00:14:19,800 --> 00:14:22,080
Speaker 1: they were like talking about how excited everyone was on

260
00:14:22,160 --> 00:14:25,560
Speaker 1: Wall Street because they were gonna draw in the average investor,

261
00:14:26,000 --> 00:14:28,440
Speaker 1: I guess, to get their money. But is this a

262
00:14:28,560 --> 00:14:33,880
Speaker 1: cautionary tale? This this subreddit where the savvy veterans got

263
00:14:33,920 --> 00:14:36,720
Speaker 1: played here at their You know, they thought they were

264
00:14:36,720 --> 00:14:38,640
Speaker 1: going to get all this extra money, and maybe they

265
00:14:38,640 --> 00:14:41,200
Speaker 1: still will in the end, but you know, right now,

266
00:14:41,320 --> 00:14:45,120
Speaker 1: they're not looking so good right now, I think so.

267
00:14:45,200 --> 00:14:47,600
Speaker 1: I think that this is definitely kind of a wake

268
00:14:47,680 --> 00:14:50,440
Speaker 1: up call that there are retail investors who are really

269
00:14:50,480 --> 00:14:54,400
Speaker 1: interested in the market, and they're not only interested in

270
00:14:54,400 --> 00:14:57,720
Speaker 1: investing in companies that they believe in. They also feel

271
00:14:58,280 --> 00:15:02,520
Speaker 1: that they need to for right or for better or worse,

272
00:15:02,800 --> 00:15:04,800
Speaker 1: they feel like they need to target these hedge funds

273
00:15:04,840 --> 00:15:08,280
Speaker 1: who are heavily shorting these companies. How long have you

274
00:15:08,320 --> 00:15:10,960
Speaker 1: been in the game, Katherine? Has it been been a while?

275
00:15:11,280 --> 00:15:14,200
Speaker 1: It's been about three years. I got to imagine this

276
00:15:15,320 --> 00:15:17,120
Speaker 1: time and everything going on in the world, but with

277
00:15:17,200 --> 00:15:19,880
Speaker 1: the president and President Trump and twenty six and now

278
00:15:20,000 --> 00:15:22,520
Speaker 1: this this has got to be discovered some of the

279
00:15:22,520 --> 00:15:27,200
Speaker 1: stuff that that journalists like yourself dream about, right, I

280
00:15:27,240 --> 00:15:30,840
Speaker 1: completely agree there. I mean, yes, it's it's been quite

281
00:15:31,200 --> 00:15:34,640
Speaker 1: a ride. I'm really proud to be a journalist in

282
00:15:34,680 --> 00:15:37,960
Speaker 1: this moment of history. I know that you know, mainstream

283
00:15:38,000 --> 00:15:42,520
Speaker 1: media gets a lot of um negative attention, But I

284
00:15:42,560 --> 00:15:45,800
Speaker 1: think that what I try to bring and as a

285
00:15:45,880 --> 00:15:48,000
Speaker 1: journalist is just to try to get everyone a voice.

286
00:15:48,200 --> 00:15:51,000
Speaker 1: And I think that's being able to quick cover stories

287
00:15:51,120 --> 00:15:53,680
Speaker 1: that we've been covering in the past couple of years.

288
00:15:53,680 --> 00:15:55,720
Speaker 1: As you said, the President Trump now President by now

289
00:15:56,040 --> 00:15:58,320
Speaker 1: Will Street bets. I really hope that I can bring

290
00:15:58,320 --> 00:16:01,560
Speaker 1: a voice to everyone. So being in the industry, now,

291
00:16:01,600 --> 00:16:03,840
Speaker 1: what's it like because you work you work with Jim

292
00:16:03,880 --> 00:16:07,120
Speaker 1: Kramer on the regular. Right. Yeah, we host the daily

293
00:16:07,160 --> 00:16:09,160
Speaker 1: show UM the Street LIVEE with Jim Cramer and Kathin

294
00:16:09,240 --> 00:16:11,400
Speaker 1: Ross at time three am every day. So what's it

295
00:16:11,440 --> 00:16:16,960
Speaker 1: like working for Jim. Jim is awesome. He is very

296
00:16:17,440 --> 00:16:19,560
Speaker 1: I didn't know what to expect when I first started

297
00:16:19,560 --> 00:16:23,320
Speaker 1: working at the Street UM and he had one day

298
00:16:23,400 --> 00:16:24,840
Speaker 1: just come up to me and I was just a

299
00:16:24,840 --> 00:16:26,480
Speaker 1: breaking news reporter at the time, and he said, I

300
00:16:26,480 --> 00:16:28,720
Speaker 1: walked you on camera and I was like, Okay, I

301
00:16:28,760 --> 00:16:30,760
Speaker 1: think that you've got the wrong person, but he was like, no,

302
00:16:30,920 --> 00:16:33,600
Speaker 1: you're really talented. And so we started doing videos together

303
00:16:34,160 --> 00:16:38,560
Speaker 1: and he is exactly how he is on camera. Very excitable, UM,

304
00:16:38,640 --> 00:16:43,480
Speaker 1: incredibly smart, great to work with and he just genuinely cares.

305
00:16:43,520 --> 00:16:45,400
Speaker 1: Like We'll be walking down the street in the normal

306
00:16:45,440 --> 00:16:48,080
Speaker 1: times and we're together and fans will come up and

307
00:16:48,080 --> 00:16:50,360
Speaker 1: he will stop and take selfies with every single one

308
00:16:50,400 --> 00:16:54,080
Speaker 1: of them. He is that like the guy interesting. Hey.

309
00:16:54,120 --> 00:16:57,440
Speaker 1: As far as back to the story with game Stop

310
00:16:57,440 --> 00:17:00,800
Speaker 1: and all this, like we've seen, I think it was

311
00:17:00,880 --> 00:17:04,680
Speaker 1: a the subredd it's as we're doing this in real time,

312
00:17:04,760 --> 00:17:07,800
Speaker 1: is still up. But uh, there are some other things

313
00:17:07,800 --> 00:17:11,560
Speaker 1: that have been taken down on the Internet related to this, So, uh,

314
00:17:11,880 --> 00:17:14,240
Speaker 1: how long does this subred at last? Are they Are

315
00:17:14,240 --> 00:17:16,320
Speaker 1: they going to be shut down or the people from

316
00:17:16,320 --> 00:17:19,760
Speaker 1: Wall street and what's your your guestimate on how how

317
00:17:19,840 --> 00:17:22,720
Speaker 1: much life this subreddit has because we do live in

318
00:17:22,760 --> 00:17:24,879
Speaker 1: the age of cancel culture, So are they going to

319
00:17:24,960 --> 00:17:30,320
Speaker 1: be canceled wall Street Bets That's a great question. I

320
00:17:30,359 --> 00:17:35,000
Speaker 1: actually think that even if, as we saw Wednesday night,

321
00:17:35,040 --> 00:17:37,119
Speaker 1: even if people try to shut them down, they're going

322
00:17:37,160 --> 00:17:41,680
Speaker 1: to come back. So immediately after um they were kicked

323
00:17:41,680 --> 00:17:44,159
Speaker 1: off Wall Street Bets was kicked off of Discord, I

324
00:17:44,200 --> 00:17:47,840
Speaker 1: believe I started getting d ms on Twitter from Wall

325
00:17:47,840 --> 00:17:51,800
Speaker 1: Street bets um members who were sending me their Discord

326
00:17:51,880 --> 00:17:54,320
Speaker 1: links and saying like, we're now on this channel. So

327
00:17:54,640 --> 00:17:56,840
Speaker 1: I think that they're really focused on coming back. They're

328
00:17:56,920 --> 00:18:01,520
Speaker 1: very united um and more more than just you know,

329
00:18:01,760 --> 00:18:05,600
Speaker 1: trying to put together a short squeeze on game stop.

330
00:18:06,240 --> 00:18:08,480
Speaker 1: The one thing that people don't really see about Wall

331
00:18:08,480 --> 00:18:10,600
Speaker 1: Street Facts is that it's actually like an investing community

332
00:18:10,600 --> 00:18:12,840
Speaker 1: where they really build each other up. I've ben't said

333
00:18:12,920 --> 00:18:15,640
Speaker 1: so many posts about like people learning how to invest

334
00:18:15,760 --> 00:18:18,280
Speaker 1: and other members will walk them through it, or they'll

335
00:18:18,320 --> 00:18:20,720
Speaker 1: say you know, like I just made X amount of

336
00:18:20,720 --> 00:18:22,600
Speaker 1: money on this investment and now I can pay off

337
00:18:22,600 --> 00:18:26,000
Speaker 1: my parents mortgage. Like it's it's actually a really really

338
00:18:26,119 --> 00:18:29,280
Speaker 1: nice community when you just get past kind of like

339
00:18:29,320 --> 00:18:32,320
Speaker 1: the craft words that they tend to use. Yeah, And

340
00:18:32,880 --> 00:18:35,800
Speaker 1: I was also I was reading a story somewhere about

341
00:18:35,840 --> 00:18:39,480
Speaker 1: the reason they targeted game Stop and a couple of

342
00:18:39,520 --> 00:18:42,600
Speaker 1: these other companies is because was it the hedge fund? Actually,

343
00:18:42,720 --> 00:18:44,760
Speaker 1: most of these hedge funds, from what I was reading,

344
00:18:44,840 --> 00:18:48,920
Speaker 1: do not announce their intentions, meaning that you know, there

345
00:18:48,920 --> 00:18:51,760
Speaker 1: are ways to avoid getting the information out on who

346
00:18:51,800 --> 00:18:56,199
Speaker 1: you're in, which stocks you're shorting. And for some reason,

347
00:18:56,280 --> 00:18:59,560
Speaker 1: I guess because of transparity, which is transparity which is good,

348
00:18:59,680 --> 00:19:02,960
Speaker 1: they actually let it out that they were shorting this

349
00:19:03,119 --> 00:19:06,520
Speaker 1: stock and that's why the game Stop was target Is

350
00:19:06,520 --> 00:19:08,960
Speaker 1: that Is that? Am I reading that right? Is that?

351
00:19:09,080 --> 00:19:11,600
Speaker 1: Does that mean it's going to continue the one the

352
00:19:11,600 --> 00:19:14,840
Speaker 1: way it's been going here or just have a little

353
00:19:14,840 --> 00:19:19,520
Speaker 1: bit dip your toe in the water, but don't jump in. Okay, Okay,

354
00:19:19,800 --> 00:19:21,560
Speaker 1: I think that bitcoin is here to say so I

355
00:19:21,600 --> 00:19:24,760
Speaker 1: think that what's going to happen is that we periodically

356
00:19:24,840 --> 00:19:28,280
Speaker 1: see these dips in it and I think right now

357
00:19:28,640 --> 00:19:31,400
Speaker 1: a lot of the momentum that it had for going

358
00:19:31,720 --> 00:19:35,919
Speaker 1: down actually was kind of put off by this all

359
00:19:36,040 --> 00:19:40,639
Speaker 1: this game stock as games top sorry, game stop news. Um.

360
00:19:40,840 --> 00:19:44,240
Speaker 1: So I I could see the argument that it's not

361
00:19:44,280 --> 00:19:46,840
Speaker 1: only here to say, but it will come back to

362
00:19:47,359 --> 00:19:49,840
Speaker 1: maybe close to the levels that it's that. I think

363
00:19:49,880 --> 00:19:52,240
Speaker 1: the selloff that we saw, what was that like a

364
00:19:52,280 --> 00:19:55,080
Speaker 1: month ago? I'm beginning to lose track of time here. Um,

365
00:19:55,119 --> 00:19:57,000
Speaker 1: I believe it off that we saw like a month

366
00:19:57,000 --> 00:19:59,159
Speaker 1: ago or so was you just for the fact that

367
00:19:59,160 --> 00:20:01,600
Speaker 1: it was hitting all time his and and it's normal

368
00:20:01,600 --> 00:20:03,560
Speaker 1: for investors to take profit, you have to think about

369
00:20:03,560 --> 00:20:06,760
Speaker 1: a little bit like a sock. Yeah. As far as

370
00:20:06,800 --> 00:20:10,840
Speaker 1: what's what's next, we'll we'll try to become the great

371
00:20:11,040 --> 00:20:15,119
Speaker 1: Nostrodamis and predict what's gonna happen. So my gut tells

372
00:20:15,200 --> 00:20:18,520
Speaker 1: me that we're going to see Congress get involved, like

373
00:20:18,520 --> 00:20:24,960
Speaker 1: they'll be hearings on Capitol Hill over what has happened. Uh, Ultimately,

374
00:20:25,000 --> 00:20:26,919
Speaker 1: what do you think is gonna you know, I know

375
00:20:27,000 --> 00:20:28,760
Speaker 1: you you touched on it earlier, But what do you

376
00:20:28,760 --> 00:20:33,040
Speaker 1: think comes out of this? I would imagine more regulations

377
00:20:33,080 --> 00:20:37,080
Speaker 1: and more more red tape. But how far does this

378
00:20:37,119 --> 00:20:39,720
Speaker 1: thing go? You definitely see more regulations or red tape,

379
00:20:39,720 --> 00:20:42,639
Speaker 1: as you just mentioned. I think that there's gonna be

380
00:20:42,680 --> 00:20:44,800
Speaker 1: a lot of questions brought up. I mean what you

381
00:20:44,880 --> 00:20:49,280
Speaker 1: mentioned at the beginning of us talking with with the

382
00:20:49,400 --> 00:20:53,159
Speaker 1: questions around canter silence people? You know that that is

383
00:20:53,200 --> 00:20:57,200
Speaker 1: to a certain extent applicable in this sense of can

384
00:20:57,280 --> 00:21:01,280
Speaker 1: investors have their investments, how are taken away from them

385
00:21:01,280 --> 00:21:05,439
Speaker 1: at a certain regard um. So there's gonna be a

386
00:21:05,440 --> 00:21:07,199
Speaker 1: lot of back and forth. But I think that this

387
00:21:07,280 --> 00:21:09,320
Speaker 1: might be the one time that we really see Democrats

388
00:21:09,440 --> 00:21:12,520
Speaker 1: and Republicans united, at least that we've seen so far

389
00:21:12,600 --> 00:21:16,080
Speaker 1: this year, and that there needs to be more regulation

390
00:21:16,119 --> 00:21:20,840
Speaker 1: on a very heavily regulated space, just because online broker

391
00:21:20,880 --> 00:21:23,800
Speaker 1: does have opened up so many doors, especially now that

392
00:21:23,840 --> 00:21:27,159
Speaker 1: there's commission free. When that kind of came into play

393
00:21:27,520 --> 00:21:31,359
Speaker 1: two a year ago, two years ago, there there were

394
00:21:31,400 --> 00:21:33,479
Speaker 1: a whole there was a lot of speculation that this

395
00:21:33,560 --> 00:21:35,560
Speaker 1: is going to change the way that we invest forever,

396
00:21:36,080 --> 00:21:39,359
Speaker 1: but there wasn't necessarily a task to show how. And

397
00:21:39,400 --> 00:21:42,639
Speaker 1: I think that this incident shows that this will change

398
00:21:42,960 --> 00:21:46,000
Speaker 1: the way that retail investors are approaching the market. So Katherine,

399
00:21:46,040 --> 00:21:48,760
Speaker 1: this is we've always heard of insider trading and that's

400
00:21:48,880 --> 00:21:50,800
Speaker 1: your taboo and you get in trouble for that. But

401
00:21:50,840 --> 00:21:53,439
Speaker 1: this is the reddit. This like I was on there

402
00:21:53,520 --> 00:21:56,000
Speaker 1: on the Wall Street bet subreddit and it's just like

403
00:21:56,160 --> 00:21:58,000
Speaker 1: seems like regular people. I don't know, you never know.

404
00:21:58,040 --> 00:21:59,800
Speaker 1: It's the internet. You could at least people could have

405
00:21:59,840 --> 00:22:01,760
Speaker 1: been information. But it seems like it's this would be

406
00:22:01,800 --> 00:22:04,680
Speaker 1: outsider trading, right, It's not insider trade. These are people

407
00:22:04,720 --> 00:22:07,280
Speaker 1: on the outside that are that that that have figured

408
00:22:07,280 --> 00:22:10,760
Speaker 1: out the cheat code here. That's my read on it too.

409
00:22:11,320 --> 00:22:13,720
Speaker 1: When this first started happening, one of the questions that

410
00:22:14,480 --> 00:22:16,800
Speaker 1: I kept asking, I know a lot of finance journalists

411
00:22:16,840 --> 00:22:20,040
Speaker 1: kept asking, was is this market manipulation? And the short

412
00:22:20,119 --> 00:22:21,960
Speaker 1: answer is, if you want to look at just what

413
00:22:22,200 --> 00:22:25,120
Speaker 1: the definition of market manipulation is technically, if that would

414
00:22:25,119 --> 00:22:28,200
Speaker 1: be a yes. But they're not, from my viewpoint, doing

415
00:22:28,240 --> 00:22:32,720
Speaker 1: anything illegal. So what's wrong with having a bunch of

416
00:22:32,720 --> 00:22:34,440
Speaker 1: people decide we want to go in on this stock?

417
00:22:34,720 --> 00:22:36,640
Speaker 1: Is there is there any different than what we see

418
00:22:36,680 --> 00:22:41,320
Speaker 1: from hedge funds and other institutional investors. I mean, that's

419
00:22:41,359 --> 00:22:43,920
Speaker 1: that's a question that have to be asked, Catherine, what's

420
00:22:43,960 --> 00:22:46,600
Speaker 1: the uh? I guess what's next on the horizon for

421
00:22:46,600 --> 00:22:48,440
Speaker 1: for you guys, And obviously I don't know how long

422
00:22:48,480 --> 00:22:50,560
Speaker 1: this thing will be, But like, what else are you

423
00:22:50,600 --> 00:22:52,680
Speaker 1: guys monitoring at the moment right now? Or has it

424
00:22:52,720 --> 00:22:55,800
Speaker 1: just been the frenzy on on Reddit? I've been kind

425
00:22:55,840 --> 00:23:00,520
Speaker 1: of side tracked with the frenzy on Reddit. But next

426
00:23:00,640 --> 00:23:03,320
Speaker 1: is definitely what's going to happen with the stimulus package

427
00:23:03,400 --> 00:23:08,600
Speaker 1: because those stimulus checks, if we do get those checks,

428
00:23:09,400 --> 00:23:11,679
Speaker 1: what are these redd inventors going to be doing? Or

429
00:23:11,720 --> 00:23:13,919
Speaker 1: if I could say whether or not it's first or not?

430
00:23:14,320 --> 00:23:17,040
Speaker 1: And in doing this every day, what's the what's the

431
00:23:17,080 --> 00:23:18,960
Speaker 1: read you get from the people you talk to? And

432
00:23:19,000 --> 00:23:23,639
Speaker 1: obviously uh Cramer and whatnot about the Joe Biden presidency.

433
00:23:23,680 --> 00:23:27,000
Speaker 1: I know there were people concerned when the election was

434
00:23:27,040 --> 00:23:28,919
Speaker 1: going on. With Trump wins, it will be better for

435
00:23:28,920 --> 00:23:32,800
Speaker 1: the stock market if Biden wins, not so much. Does

436
00:23:32,800 --> 00:23:34,719
Speaker 1: it really matter though who the president is? I mean,

437
00:23:34,720 --> 00:23:37,119
Speaker 1: I feel like the stock markets is such a big monster,

438
00:23:37,200 --> 00:23:40,240
Speaker 1: it's almost beyond that. But but what are you hearing

439
00:23:40,280 --> 00:23:43,520
Speaker 1: on the changes coming with the new president? So honestly,

440
00:23:43,600 --> 00:23:45,520
Speaker 1: the Stoctwak has kind of shown us so far that

441
00:23:46,000 --> 00:23:50,920
Speaker 1: it doesn't care. The tradition there is that Wall Street

442
00:23:51,040 --> 00:23:54,520
Speaker 1: loves gridlock. They want to see political gridlocks. But when

443
00:23:54,560 --> 00:23:59,399
Speaker 1: we saw the runoffs in Georgia back in UM early January,

444
00:23:59,720 --> 00:24:02,920
Speaker 1: Well Street loved it. Well Street took it in stride.

445
00:24:02,920 --> 00:24:06,080
Speaker 1: The two Democrats had taken those seats and therefore had

446
00:24:06,119 --> 00:24:08,480
Speaker 1: a majority. And I think that we're just going to

447
00:24:08,560 --> 00:24:12,920
Speaker 1: continue to see investors put money into the market because

448
00:24:13,000 --> 00:24:15,600
Speaker 1: they like the fact that a tweet can't send the

449
00:24:15,680 --> 00:24:19,240
Speaker 1: downs down UM and that is really going to change

450
00:24:19,359 --> 00:24:21,359
Speaker 1: the kind of name of the game that we've seen

451
00:24:21,480 --> 00:24:25,240
Speaker 1: for the past four years. Awesome. And so Kavin, how

452
00:24:25,320 --> 00:24:27,600
Speaker 1: can people find you on Twitter? And we'll put this

453
00:24:27,720 --> 00:24:30,920
Speaker 1: all on the podcast, the page and whatnot. But you're

454
00:24:30,960 --> 00:24:33,320
Speaker 1: on the Street Live with Jim Kramer every day right

455
00:24:33,400 --> 00:24:36,760
Speaker 1: Monday through Friday. There every day, all right. You can

456
00:24:36,840 --> 00:24:39,159
Speaker 1: find us over on the Street dot Com. My Twitter

457
00:24:39,280 --> 00:24:42,720
Speaker 1: handle is at by Katherine Ross with a K and

458
00:24:44,119 --> 00:24:46,720
Speaker 1: I'm the same thing on Instagram. Awesome. Thank you so

459
00:24:46,880 --> 00:24:49,800
Speaker 1: much for your appreciate it. Thank you guys for having me.

460
00:24:50,240 --> 00:24:52,560
Speaker 1: Be sure to catch live editions of the Ben Maller

461
00:24:52,600 --> 00:24:55,680
Speaker 1: Show weekdays at two am Eastern eleven p m. Pacific,