and lina khan, the former chair of the federal trade commission, joins me now.hank you for being with us. >> great to be with you. >> i just want to underscore this point. in many cases, the things you were doing were laws that were on the books meant to protect americans that were simply not enforced in previous administrations. in some cases. >> that's right. the antitrust laws go all the way back to 1890, the sherman antitrust act. and then we had the clayton act and the ftc act in 1914. and these laws were really about wanting to make sure that we had an economy that was competitive, that was fair, where people could get a fair shake, but ultimately also about wanting to make sure that our democracy was being protected from unchecked concentrations of economic power and fundamentally from oligarchy. and so these are laws that have been around for decades, starting in the reagan administration. there was a real pivot, a pretty radical shift away from enforcing the laws faithfully. and so we saw decades of unchecked consolidation, monopolization that has reall

. >> was lina khan. >> yeah, well, when she she's not there anymore. so people thought, okay, you know, lina khan's gone. it's going to be easier to make deals. people are using animal spirits to talk about the expectations, especially on the financials. yeah. >> that's that's right. my point. >> was just i wasn't so sure that. >> was the case. >> now mind you, the continuation. >> of the merger rules doesn't mean that they're going to be as onerous, perhaps, as the previous administration. it just means from a continuity standpoint, they wanted to keep them there. how they interpret those rules is really the question. but that's that's a story for another day as it relates to the financials. listen. i've highlighted the asset managers like ares. >> and blue. >> owl and kkr for. >> a while. kkr had. >> had a relatively speaking a disappointing earnings report. but on balance the financials have done very well. the banks are doing very well. there is an m&a hope in there. but but you look at the charts of goldman sachs. you look at the chart of wells fa

we're going to have a very interesting conversation with lina khan, who is the head of the federal communicationshe last few years to enforce some of the laws we've got in this country about antitrust and about companies gaining too much power. obviously, her philosophy is not one being carried out by the current administration. that's it for me. thank you for joining us tonight. the rachel maddow show starts right now. good evening rachel. >> good evening. thanks my friend. >> much appreciated. and thanks to. >> you at home for joining. >> us this hour. really happy to have you here. it has. >> been another. >> one of those days. >> nbc news reporting tonight that the. >> trump administration accidentally oops. totally didn't. >> mean to fire the. >> people working on. >> bird flu. >> no idea. >> how that happened. >> now the. >> the bird. f

now, the eagle is lina khan. she's the former ftc chair. now, though, traders are betting that mergers are back and goldman will have a huge spike in business. meanwhile, with less regulation under trump, we're also likely to get more ipos. that's also great for goldman, but the stock trades at a meager 14 times earnings. that's ridiculously low, given that this company is about to have its strongest moment in years. it's why we have been buying it aggressively for the trust, which you can follow by becoming a member of the cnbc investing club. the fact is, it's been ages since people thought of goldman or jp morgan as growth stocks. the biden administration was not exactly a friend of the financial industry. for better or worse, they no longer have to worry incessantly about the sec or the ftc or the justice department. those days are now over, and you can see it from the strength in their stocks. that's what's propelling it. fifth is amgen. and this this one has so many blockbuster drugs. i think it's absurd that the stock once again sell

i love that conversation with senator sanders, the conversation with lina khan i was looking forward to all day did not disappoint. great bookings. great great show. great job my friend. >> thank you my friend. you have a great show. >> i will do thanks to you at home as well for joining us this hour. really happy to have you here. let's do something different. want some inspiration? i know this is like not typically the way that we start things, but i don't know, complain. go ahead. said send me your complaints. governor j.b. pritzker is the governor of illinois. he gave his state of the state speech today. and i'm going to show you some of it. i'm gonna show you about three minutes of it. and i know this is a little bit of a weird thing to put at the top of a national newscast, but i just, you know what? i think this is really something, and i think you should watch it. this is from the end of his state of the state today. check it out. >> as some of you know, skokie, illinois once had one of the largest populations of holocaust survivors anywhere in the world. in 1978, nazis decid

we're going to have a very interesting conversation with lina khan, who is the head of the federal communications commission. she a federal trade commission. she has been one of the few government officials over the last few years to enforce some of the laws we've got in this country about antitrust and about companies gaining too much power. obviously, her philosophy is not one being carried out by the current administration. that's it for me. thank you for joining us tonight. the rachel maddow show starts right now. good evening rachel. >> good evening. thanks my friend. >> much appreciated. and thanks to. >> you at home for joining. >> us this hour. really happy to have you here. it has. >> been another. >> one of those days. >> nbc news reporting tonight that the. >> trump administration accidentally oops. totally didn't. >> mean to fire the. >> people working on. >> bird flu. >> no idea. >> how that happened. >> now the. >> the bird. >> flu experts at usda. >> they are. >> trying to hire them back. they did this with. >> the national. nuclear security. >> administration as. >> well. >> which

interestingly enough, lina khan did not do enough to include the worker. that's one of the things that to me sent her way off base. but i do think that there was a neutrality to it that the democrats or republicans both don't want jobs to be lost. so i don't want people to think that it necessarily is going to lead to fewer mergers. but i would say it's the tone when i speak to ceos, they don't expect to be subpoenaed. they don't expect some sort of lawsuit over the transom. and the idea of constructive dialog with that, with the agreement of, of the legal ease, so to speak, is actually going to change things. it's constructive. it's no longer hateful. >> yeah. >> no, i think you're right on the tone question. but the question of m&a, i think is, is still an open one. i mean, you saw the hp juniper deal that the trump doj blocked earlier this year. you know that's a you know, is that a bellwether. is that an outlier. you know we still don't have enough data to really see where they're going with this. but i you know, when you talk to folks inside the sort

but i think that under biden, lina khan and the ftc and i'm not the first person to say this on yourah, yeah, yeah. only just created a climate where all m&a was just chill. >> i'm sorry the president took your time, but you're going to be very used to that. i understand it bradley tusk, understand it bradley tusk, thanks so much. we'll continue at&t has a new guarantee. because most things in business are not guaranteed. like a distraction-free work environment. -yeah,i'll circle back around. -get those steps in, kevin. your coworkers keeping things confidential. [phone ringing] oh, she's spilling all the tea. ♪♪ or office etiquette. yeah, that's not guaranteed. i know you can see me! you know what at&t guarantees? connectivity you depend on, the deals you want, and the service you deserve. can i get that logo bigger? or we'll make it right. that's the at&t guarantee. >> individually each. >> of. >> us is great. but from here you can see we're one big team. at atlassian, we believe real progress takes all of us working together on new sources of energy. cars that drive to the future