THE THIRD HOUR OF "VARNEY AND COMPANY" IS ABOUT TO BEGIN.
COMPANY" IS ABOUT TO BEGIN.
I THINK IT IS TIME WE TURN TO
DAVE FORTNOR A WHO IS MAKING A
BUZZ AFTER BACKING A NEW ETF’S
HOLD ON A SECOND, ROLL THE TAPE
FIRST, ROLL IT. >> THE NAME OF ETF IS BUZZ LIKE
>> THE NAME OF ETF IS BUZZ LIKE
A BE.
>> I REALLY ADMIRE YOUR TV
PRODUCTION.
YOU DO A GOOD JOB MAKING IT
LOOK LIKE LIVE-ACTION TV.
IT IS BASED ENTIRELY ON SOCIAL
MEDIA CHATTER.
DOES THAT MEAN YOU’RE ETF IS GOING TO INVEST IN AND BUY THE
GOING TO INVEST IN AND BUY THE
NAMES THAT POP UP ON REDIT.
A LOT OF THE MEANS POPPING AND
GOING IS A LONG-TERM VIEW,
REDIT STOCK.
STOCKS WITH HEADLINES,
EVERYTHING.
STUART: WOULD IT BE ACTIVELY TRADED, MOVING IN AND OUT OF
TRADED, MOVING IN AND OUT OF
REDIT STOCKS RAPIDLY.
>> LOOK AT THE DIFFERENT STOCKS
AND THE MOST POSITIVE
SENTIMENT, IT ISN’T SOMETHING
EVERY 24 HOURS OR 48 HOURS
TRADED IN AND OUT, THAT’S NOT
HOW IT WORKS.
STUART: WHICH KIND OF STOCKS
CAN YOU DEFINE WHICH KIND OF STOCKS WOULD BE IN YOUR ETF?
STOCKS WOULD BE IN YOUR ETF?
>> IT COULD BE ANYTHING.
AND AND I GOT IN CONTACT, IT IS
POSITIVE SENTIMENT.
THERE IS A NOTION PEOPLE ARE
TALKING ABOUT STOCKS ON SOCIAL
MEDIA AND READIT STOCKS, PEOPLE
ARE TALKING ABOUT EVERY STOCK
THERE IS.
WE LOOK AT POSITIVE SENTIMENT
OR ANYTHING, THE ONE
REQUIREMENT, $75 BILLION MARKET
CAP TO QUALIFY FOR ETF.
STUART: THAT IS THE ONLY
QUALIFICATION REQUIRED,
$5 BILLION MARKET CAP, NOTHING
LESS THEN THAT.
>> IT WILL SHOW UP IN THE
RANKINGS FOR A CERTAIN TIME BEFORE THAT.
BEFORE THAT.
IT CAN’T SHOW UP FOR 24 HOURS.
STUART: I HAVE BEEN FOLLOWING
YOU FOR YEARS.
WE TALKED SPORTS, YOU WERE A
GUEST ON THE PROGRAM, WE USED
TO TALK SPORTS AND PIZZA AND
THAT IS WHAT WE DID AND THEN YOU TURN TO STOCKS AND GIVE
YOURSELF THE NICKNAME DAVEY DAY
TRADER.
HAVE YOU ABANDONED SPORTS AND
MOVED TO THE STOCK MARKET?
>> WE ARE ALL OVER THE PLACE.
I’VE GOT MARCH MADNESS AROUND
THE CORNER. WE HAD A CHANCE TO WIN THE
WE HAD A CHANCE TO WIN THE
NATIONAL TITLE.
YOU HAVE TO CONSTANTLY REINVENT
YOUR SELF AND DO THINGS THAT I ENJOY AND PEOPLE LATCH ONTO.
ENJOY AND PEOPLE LATCH ONTO.
I DIDN’T PLAN THE STOCK TRADING
THING BUT I ENJOYED AND TAKE
NATIONAL PROGRESSION AND THEN
HAVE ETF, WHAT IS IN ETF?
DON’T KNOW WHAT THAT MEANS.
STUART: YOU ARE SO HONEST, THAT IS THE PROBLEM.
IS THE PROBLEM.
>> I THINK PEOPLE LIKE IT, WHAT
THEY ARE DOING, THIS -- IF WE
DON’T MAKE MONEY ON IT I WOULD
NEVER TAKE MONEY.
DON’T BELIEVE ANYBODY ELSE WHO
IS A MONEY MANAGER OR IF HE
LOSES, THAT IS GARBAGE.
WE ARE HONEST BUT THAT IS WHY
PEOPLE LIKE IT.
THEY ARE ACTING LIKE A STOCK. THE POWER -- PEOPLE LIKE
THE POWER -- PEOPLE LIKE AUTHENTICITY.
STUART: WHAT ABOUT THE FUND YOU
ESTABLISHED.
GOT MILLIONS OF DOLLARS IN IT
TO HELP THE PEOPLE WHO HAVE
BEEN HURT BY THE LOCKDOWN.
GAVE MONEY TO A LOT OF
RESTAURANTS AS I RECALL.
WHERE DOES THE FUND STAND NOW?
>> WE RAISED $36 MILLION.
EVERY DAY I AM CALLING LOCAL
BUSINESSES, RESTAURANTS, BARS
OR ANYTHING.
WE HAVE A SENSE OF NORMALCY
SOON AND PEOPLE WON’T NEED MONEY IS MUCH AS WE DID BUT
MONEY IS MUCH AS WE DID BUT
OVER 220 OR 300 BUSINESSES NOW.
WE MADE A REAL DISTANCE, TRULY
APPRECIATE EVERYBODY WHO
DONATED.
IT HAS BEEN GRATIFYING.
I WISH TO HELP EVERYBODY BUT WE
MADE A DIFFERENCE IN A LOT OF
PEOPLE’S LIVES.
STUART: YES YOU HAVE.
YOU ARE ALL RIGHT.
LOVE TO HAVE YOU BACK ON THE