The investing world is focused on the high-profile hearing on Capitol Hill regarding the GameStop short-selling frenzy that was fueled by Reddit users. CNBC's Leslie Picker, David Faber and Carl Quintanilla discuss. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi The U.S. House Financial Services Committee GameStop hearing kicks off at 12 p.m. ET. on Thursday. Robinhood CEO Vlad Tenev, Melvin Capital CEO Gabriel Plotkin, Reddit CEO and co-founder Steve Huffman, Citadel CEO Kenneth Griffin and Keith Gill, also known as Roaring Kitty, will testify to lawmakers about last month’s GameStop trading turmoil. In January, an epic short squeeze in GameStop’s stock shocked Wall Street and drew attention to an emerging class of retail investors on social media platforms. GameStop’s share price sky-rocketed to $483 per share, and subsequently lost 90% of its value. Lawmakers will get a chance to grill the company chiefs about Citadel’s relationship with Robinhood and Melvin Capital, why some brokerages restricted trading and how to protect retail investors. » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC https://www.cnbc.com/select/best-credit-cards/ #CNBC #CNBCTV

Squawk on the StreetCNBCbusiness newsfinance stockstock marketnews channelnews stationbreaking newsus newsworld newscablecable newsfinance newsmoneymoney tipsfinancial newsstock market newsstocks