Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Tucker Carlson rips CNBC's Sorkin as 'professional hedge fund shill' after Robinhood restricts trading

Tucker Carlson rips CNBC's Sorkin as 'professional hedge fund shill' after Robinhood restricts trading

Robinhood and other trading platforms restrict trades after Reddit investors' buying sprees
Fox News host Tucker Carlson slammed CNBC anchor Andrew Ross Sorkin as a "professional hedge fund shill" on Thursday after Sorkin appeared to defend hedge funds and question the motivations of Reddit small investors on the air.

Speaking on CNBC, Sorkin said he was concerned "that this is a pump-and-dump scheme that effectively is being cloaked as Mother Teresa has arrived on the scene."

"I think there are real underlying issues with the system that need to be resolved. I do not want to protect the system. I love watching the little guy beat the big guy as much as anybody. But what I wonder is whether these folks trying to 'stick it to the man' are ultimately going to be sticking it to themselves," he continued.

Carlson sarcastically pondered where Sorkin was "the last dozen years as the central bank shoveled trillions to Wall Street" and mocked his argument, asserting that for Sorkin the issue with "humiliating" hedge funds is that it "only hurts the people that do it."

Carlson continued to impersonate Sorkin, telling the Reddit investors to "stop this nonsense immediately."

The Fox News host’s comments come on the heels of a bipartisan backlash against Wall Street after they lost billions of dollars following a coordinated effort by a group of independent investors on Reddit to buy shares of GameStop in an effort to counter short calls made by hedge funds. Shortly thereafter, GameStop’s stock surged over 1,000%.

In response, the investment application Robinhood halted the purchases of Gamestop as a "security measure" due to market "volatility." Yet, critics argue that Robinhood's actions may have been illegal market manipulation and a direct response to Wall Street's losses.

In his opening monologue, Carlson said the situation is another reason why many Americans feel Wall Street and the stock market is a "rigged game" to benefit the wealthiest.

"So much for the free market you're always hearing about. There's nothing free about it. Turns out what Wall Street really hates is outsider trading, the idea that people from outside their world might be getting rich. That's the one thing they can't abide," he said.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
House Republicans Move to Defund OECD Over Global Tax Dispute
France Opens Criminal Investigation into X Over Algorithm Manipulation Allegations
Trump Steamrolls EU in Landmark Trade Win: US–EU Trade Deal Imposes 15% Tariff on European Imports
ChatGPT CEO Sam Altman says people share personal info with ChatGPT but don’t know chats can be used as court evidence in legal cases.
Intel Reports Revenue Beats but Sees 81% Rise in Losses
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
The Podcaster Who Accidentally Revealed He Earns Over $10 Million a Year
UK Government Considers Dropping Demand for Apple Encryption Backdoor
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
Pogacar Extends Dominance with Stage Fifteen Triumph at Tour de France
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
CEO Resigns Amid Controversy Over Relationship with HR Executive
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
Tulsi Gabbard Unveils Evidence Alleging Political Manipulation of Intelligence During Trump Administration
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Trump Announces Coca-Cola to Shift to Cane Sugar in U.S. Production
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
Zelensky Reshuffles Cabinet to Win Support at Home and in Washington
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Church of England Removes 1991 Sexuality Guidelines from Clergy Selection
Superman Franchise Achieves Success with Latest Release
Hungary's Viktor Orban Rejects Agreements on Illegal Migration
Air India Pilot’s Mental Health Records Under Scrutiny
Jamie Dimon Warns Europe Is Losing Global Competitiveness and Flags Market Complacency
Moonshot AI Unveils Kimi K2: A New Open-Source AI Model
Martha Wells Says Humanity Still Far from True Artificial Intelligence
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
EU Delays Retaliatory Tariffs Amid New U.S. Threats on Imports
Trump Proposes Supplying Arms to Ukraine Through NATO Allies
US Opens First Rare Earth Mine in Over 70 Years in Wyoming
Bitcoin Reaches New Milestone of $116,000
Severe Heatwave Claims 2,300 Lives Across Europe
Declining Beer Consumption Signals Cultural Shift in Germany
Emails Leaked: How Passenger Luggage Became a Side Income for Airport Workers
Polish MEP: “Dear Leftists - China is laughing at you, Russia is laughing, India is laughing”
Western Europe Records Hottest June on Record
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
China’s Central Bank Consults European Peers on Low-Rate Strategies
France Requests Airlines to Cut Flights at Paris Airports Amid Planned Air Traffic Controller Strike
Poland Implements Border Checks Amid Growing Migration Tensions
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
×