even american express. i think those are the names you stay with. one name that's been under pressure for the last month, month 1/2 which i think is limited at these levels is pay balance. 225, 230, seemingly has bounced a bit. if you're looking for catchuppings in a name like paypal, that might work. but forget about where they're going to spend it. figure out what they're going to spend it with. >> should we be thinking about what consumers are sr. not been able to spend on this past year and now all the floodgates open. you can spend anywhere you want. maybe that will go back to those buckets like never before. with abandon, karen. maybe you'll be splurging on the trip as opposed to boying the sweater from macy's. >> right or maybe you'll do both. i mean -- >> yeah. >> maybe you save a lot of money, and you have an additional stimulus coming maybe do both. go out to dinner a lot more often. but travel is something that has been completely shut down in many areas, so that's a big one. so obviously, the airlines have -- that's kind of to me priced

american express, up what do you say? >> i'm going to have to fade this i owned it until recently and i got out of it. when i look at what american express a has done they've done everything right but the reason i owned the stock was the fact that it was trading at single digit or very, very double digit pe levels now it's trading that prejudice at about 37. the forward it's still trading about 22 this is the highest level of, per pe i think it's stretched >> steve grasso. >> i've opened this one forever. i still own it i think it's starting to hit its stride you have to look at what prices are going to do. for me, you look at this it's probably going to be raised, kor gated pricing raised in 2021. we've already seen raises. that means it's going higher china cannot produce their own corrugated packaging due to environmental concerns, so they have to import so for me this is a trade. i'm staying long i think the value is over a hundred. so i'm a buyer here and i'm staying long >> jeff you also like this one >> yeah, i do.

american express because it's a fee credit companies charge merchants and what the supreme court said in that case is that a plaintiff or antitrust officials can't just look at whether one side of the market in these so called two-sided markets are harms. hope you got credit cards, consumers, credit card merchants on one side and stores and so forth on the other side. you can't just show arm on one side, you have to look at the other side to see if there are counterbalancing benefits. in technology markets you have a lot of these two-sided markets. google search for instance, if consumers use the product for free and it's funded by advertisements on the other side and this is common in technology markets and it poses new challenges, new types of analysis for antitrust enforcers that have only just begun to be discussed. as i said this was a recent supreme court case, the mx case and academics and lawyers are still figuring out how to apply it in the technology market. >> sally hubbard, what did you hear and also the original question, or antitrust laws or k and do they need to be refi

against american express, because of the fees that credit card companies charge merchants.he supreme court said in that case that a plaintiff or antitrust officials cannot just look at whether one side of the market in the so called two-sided markets are harmed. so credit cards, you have consumers, credit card users on one side, and merchants and stores on the others. you cannot just show harm and one side, you have to look at the other side to see if there are counterbalancing benefits. in technology markets, you have these two-sided markets. google search, for instance. consumers who use the product for free, and it is funded by advertisements on the others. this is common in technology markets, and it poses new challenges, new types of analysis for antitrust enforcers that have only just begun. this was the recent supreme court case, the amex case, and academics and lawyers are still figuring out how to apply this in technology markets. ms. hubbard: what did you hear -- >> what did you hear and also the original question -- are antitrust laws archaic, do they need to be

this was a credit card case brought by merchants of amex, american express, against american express is of the keys that credit card companies charge merchants. what the supreme court said in that case is that a plaintiff or antitrust officials can't just look at whether one side of the market in then so called two-sided markets are harmed. so credit card you have consumers, critic argues on onev side andse you have got merchan, stores on the. other side. you can't just show harm in once i pick it up to look at the other side to see if there are counterbalancingba benefits. in technology markets you have a lot of these two-sided markets. google search, for instance, consumers who use the product for free and it's funded by advertisements on the other side.t this is common in technology markets and it poses new challenges, new types of analysis for antitrust enforcers that only just begun. this is a recent supreme court case, the amexe case, and academics and lawyers are still figuringti out how to apply this in technology markets. what dido the original question -- are antitrust laws

american express is about $18 or $19 billion.n verizon, the new one they built up, that's their fifth biggest position at this point and that was a big surprise because we just found out about. they now have $8.6 billion these were the valuations at the end of the year because that's what the company lists them in apple was -- i did the math on that i think that's why he mentions it at this point it's a big, important part of the company. when he talks about the crown jewels, he's talking about the most valuable assets the company has. i'd be surprised to see him jumping in and out you mentioned the conglomerates but berkshire tends to hold for a very long time, if not forever. >> i was checking out what kind of professor elizabeth warren was. it was commercial law, i guess, because that -- buybacks, it's so clear it's just the way a company's balance sheet reflects whether they've issued stock or whether it's time to reduce the float. it's an agnostic thing to call it just, blanket statement that it's bad and market manipulation

but on the flipside, with american express they are a huge recovery play if you believe in the conceptthe roaring 20s and the set of luxury goods suspending, and high and tight to the luxury goods and travel, so if you believe that the consumers can't wait to get back out there, you know, amex has that offsetting, but they are the ones with the biggest exposure to the corporate travel spending and we and others will likely never go back to the levels of spending prepandemic. >> is that permanent to the valuation? >> umm, i -- i mean at some level, yes. meaning, yeah, that is a piece that everyone has sort of taken out of numbers and not expecting to come back in. they are on the flipside though, you know, what we have been talking about digitization of payments broadly, of course, benefits them in particularly for amex i highlight in small businesses, they have a ton of spending, and heavy check users and like 50% of the small business payments were done with checks, and now with the pandemic, of course, people are not in the office, and not cutting checks can, an-- checks, and so anot

still wear lining in this whole controversy is that very much every russian now knows this american expression all walking and chewing gum meeting and maintaining pressure and collaboration at the same time but i wouldn't want to ask you what. what is this proverbial gun what had those areas of mutual interest that russia and the united states instill disgust are there any well russia is discussing some things with the. states. still for example the situation in syria. some talks about nuclear stuff was but this is for their. such topics are very few because the united states is to visit because they're not not interested. in the 1st place it is they think that them to interest and also there is a great. britain were very important thing is that america takes is now become very very partisan. so one party that comes to power is afraid. the other parties i would say will criticize it for betrayal and use all the. other things to criticize its very sharply stone they need not to really russia and they will say not to real china for them to china and russia like symbols and that in turn pull take

decided to focus on growth you sell they're down lead the way higher with stocks like chevron and american expresswean really well that's what were going to see is a push pull between growth and yield fears. jack: what we do know is accelerating growth, rising rates of the longut for the moment power keeping them as low as they can get the short end, what is the trade there? >> i think were going to see a sideways stock market for now if the market continues to struggle with the two forces you will have days that are really good and you will have days that are pretty bad and you're gonna end up where we started, one reason you have a number of top strategist who are keeping their calls on the s&p 500 around 3900 which is dipped a sideways market for the year and people do have to worry are the ones the bond investors the price goes in the opposite direction of yields when yields go up price goes down and were seen investment grade bonds get hit high-yield bonds are flat on the year but if you're 60 - 40 investor this is not a great time. jack: speaking a bond yield that has an interesting effect o

well you know over and having witnessed how anglo-american expresses herself 'd over the years i've been here in so many i think it's a generation of policy on have pot if anything she might in 5 be taking the rest to do with it and of blame so as to set its own house several other down on her party as a whole you know to come 7th if party is already shaken by several collections kansas is already blamed voter handing of the pandemic until now i go america has remained a very popular politicians figure regardless of the current situation regardless of the time they make and typically he or she is being quite pragmatic she acknowledges a mistake she acknowledges the mistake but at the same time why should doesn't quite seize the opportunity to us so state what could be done instead and that might not go down quite well we would hope it to the parents and by not quite go that well with people it might impact her popularity already and michelle is on the story in berlin tonight in the thank you all right from the politics to the scientists believe in science journalist kai coopersmith tell

apple is the top holding followed by bank of america, coca coca-cola, american express and vis vising for more on buffer phet's annual letter, go to cnbc.com/pro tyler? >> very interesting. bitcoin -- i have a feeling b bitcoin is not a part of the buffett portfolio. kate rooney has more on the volatile crypto trade, which is about an un-buffett as it gets. >> that's right, he's been one of the biggest critic. analysts pointed to a few different reasons for the dip, including jitters around what we heard from coinbase last week. it outlined risks to its business, coinbase laid out several scenarios which could destabilize prices, including regulation, hacks and the iification of the pseudonim for the person or potentially people who developed bitcoin, a transfer of his or her bitcoin thought to be about worth $30 billion could be a risk. and if identified, it could be the reputation as being decentralized could be damaged similar to what we saw with the high-growth tech names finally a word of warnings tag from new york's attorney general. in a tweet letitia james says these are extre

we think that's only good for travel and entertainment as well for example, someone lune an americans express, they expect back to pre-covid levels by year end. i think there's more room to run on financials. we like regional banks which have that sensitivity, but ity it will play through spending and credit improvement >> jill, what's your take? >> we also like financials it's a beneficiary of rising rates, the yield curve, the reopening as well as the rotation out of growth and into value. i think to the point on stimulus and savings, savings rates are obviously very high right now. where there is a lot of pent-up demand is for services spending. you know, we do think, in terms of services that's one area where we prefer small caps over large caps because they're a bigger beneficiaries, on the reopening, and should benefit more, giving they're more similar to the makeup of overall u.s. gdp we're expecting a 6.5% recovery growth thank you both for your insights today. coming up, we will have more on the market rally as we they'd break, take a look at the dow stocks hitting new high cause the

it's led by american express ken chenault and merck's ken frazier. we'll talk about that. with the new laws put isn't place in georgia they would say suppresses the rights of black voters and for those companies, the companies across the country, to use their cloud money and lobbyists to sway the debate with lawmakers they called the recent georgia law a wake-up call, introduced stricter voter i.d. requirements or absentee balloting and limited drop boxes there's lots of debate about what's taking place in georgia for the most part, corporate america has stood relatively silent including some of the biggest companies in georgia itself, delta, coca-cola, home depot and they talk about the juxtaposition of that silence relative to the conversations we were having most the murder of george floyd and how companies came out and said that they really were going to work on essential justice issues they believe this is the ultimate social justice issue. not is so much in georgia unto itself, but we're seeing a state of laws across the country that they believe suppress the vote an

still working from home in most states >> exactly on the recovery reopening side, we bought american express travel and interest rates going up. charles schwab they get the benefit of interest rates. people spending money. people trading accounts. booking holdings booking is where people book their trips and hotel reservations we think that is a good play real estate play in manhattan. on the other side, we own facebook and paypal and visa how about buying apple we think that is an attractive stock. >> people are buying iphones karen firestone. thank you. that does it for us on "worldwide exchange. "squawk box" is coming up next oh, you think this is just a community center? no. it's way more than that. cause when you hook our community up with the internet... boom! look at ariana, crushing virtual class. jamol, chasing that college dream. michael, doing something crazy. this is the place where we can show the world what we can do. comcast is partnering with 1000 community centers to create wifi-enabled lift zones, so students from low-income families can get the tools they need to be ready

narrator: mcfarland and his friends think the american express black card is the ultimate status symbolon't make enough money to qualify. so mcfarland finds a vendor in china and decides to create his own. burrough: and billy knew that would appeal to his young friends. "yeah, i'll just put this -- put this on my black card." hi. welcome. narrator: but the magnises black card isn't a real credit card. mcfarland's company simply takes the magnetic strip from a user's ordinary credit card and duplicates it. cardholders actually link up their real debit and credit card and use their magnises card every day for regular purchases. he was kind of the, in my mind, sort of the champion for the "fake it till you make it" kind of crowd. narrator: for $250 a year, members get a 24-7 concierge service and access to exclusive parties and events. ♪♪ burrough: he rented a townhouse, a nice townhouse, and magnises cardholders were able to use this to hang out in -- had an open bar. you know, rappers come in. there's some nba and nfl players that started using it. and within months, billy starts attract

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the two men behind the effort, merck's ceo and former american express ceo weighing in earlier today on "squak box." >> this is a call for action what we have heard from corporations is general statements about their support for voting rights and against voter suppression but now we're asking put those words into action and we're asking corporate america to publicly and directly oppose any discriminatory legislation and all measures designed to limit america's ability to vote. >> what we do is we raise the spector of voter fraud and now we restrict legal voters, eligible voters' ability to cast ballots and that's what's wrong with this bill because democracy depends on every voter in this country having free and fair access to vote without discrimination and without undue hindrance. >> their call to action targeting georgia-based companies they feel have not taken a firm stand against the legislation. joining us is sara eisen with ceo of coca-cola james quincey. >> thank you for joining us. i'm eager to hear your response as a big company in georgia to the call from ken and ken more

well you know over and having witnessed how anglo-american expresses herself over the years i've been hearing so many i think it's a generation of policy on have pot if anything she might in fact be taking the rest all civility and the blame so as to set its own has several other down on her potty as a whole you know to come sedative party is already shaken by several collections kansas is already blamed for voter handing of the pandemic until now i got america has remained a very popular politicians figure regardless of the current situation regardless of the pandemic and typically he or she is being quite pragmatic she acknowledges a mistake she acknowledges her mistake but at the same time why should doesn't quite seize the opportunity to us the state what could be done instead and that might not go down quite well we would hope that it's because the parents and by not quite go that well with people it might impact her popularity already and michelle is on the story in berlin tonight in the thank you all right from the politics to the sciences police science journalist kai coopersm

okay, ju eugene, if that's correct and bind has pulled out the giant united states of america american expressd, this does have a big price tag. and guess what, biden wants more. this is also a matter of rebuilding our country. i drove across town in post apocalyptic manhattan and i forget to bring a spare ax. wrp do dwe talk about that. >> we will talk about the feign structure bill and when you hear from biden folks, they are not as focused on the deficit. they remind us as republicans find religion again, not to let it keep that in mind, over the trump years, that was not something that republicans -- that was a huge part of what they are doing, and still isn't. and now they are coming back to that. that big fight is going to matter. 24 bill was basically the easiest bill they're going to get done. there is a little drama at the end with joe manchin. but now they need 60 votes and now the tug of war on the price tag, on infrastructure, on voting rights, all these different things, like jonathan was saying, really ambitious agenda, and as they have kind of expanded the minds of people and wh

that's the largest single shareholder of american express. largest shareholder of bank of america at 11% they're the largest shareholder of u.s. bancorp. and the largest holder of coca-cola. and 5.4%, they are the second largest holder of apple after vanguard which owns significantly more of course, this is not a value portfolio. what would you call it i guess you would call it a pragmatist portfolio mr. buffett became much more of a pragmatist over the years and that investment in apple, not a value stock, it's certainly paid off for him so here's to pragmatic investing at this point. great read from mr. buffett as always carl, back to you. >> all right, bob, that's a good one, everybody should take a look at it bob pisani thank you. >>> rick santelli as well, with data on the menu hey, rick. >> yes, a pmi, this manufacturing pmi from market, markit, it is expected to be around 58.5, which is the mid february read. we moved up one-tenth. 58.6 we toss out 58.5 this becomes the final read. and sequentially it is a bit of a reversal 59.2 is the

with american express.tart," your first look >>> good morning, carson daly. >> good morning, everybody on "pop start," your first look at a star-studded evening, celebrating dolly parton. >>> also, "glamour's" annual award winners, after your local news wakefulness in adults with excessive daytime sleepiness due to obstructive sleep apnea. sunosi worked for up to nine hours at 12 weeks in a clinical study. sunosi does not treat the cause of osa or take the place of your cpap. continue to use any treatments or devices as prescribed by your doctor. don't take sunosi if you've taken an maoi in the last 14 days. sunosi may increase blood pressure and heart rate, which can increase your risk of heart attack, stroke, heart failure, or death. tell your doctor if you have a heart condition or high blood pressure. sunosi can cause symptoms such as anxiety, problems sleeping, irritability, and agitation. other common side effects include headache, nausea, and decreased appetite. tell your doctor if you develop any of

bad law and the shining example of that is the american express case.he doj wanted to gift search court level and in a windowless to the supreme court and we have a truly terrible supreme court decision that not only is against those anti-steering provisions of the credit card market crippling the competition in the credit card market but it also means lower courts are using that basically the platform in a two-sided market and that's really devastating. >> i'm going to go back to you for a second round. i know you want to answer this and i also want to talk about mergers but i thought it and then shifting the burden in mergers and how that could be helpful but i want to lead with exclusionary conduct because you can't pretend we don't have a monopoly problem right now. that is the bill that i just introduced with senator kennedy to give an even playing field for journalists and i know you and i spoke about the need for looking at consolidation in the media and a vibrant and independent free press is vital to our society and our democracy. you are journ

cases like drink go and most recently ohio the american express have made enforcing our antitrust laws more challenging. add to that the fact congress and multiple administrations have failed to ensure that antitrust enforcement budgets have kept pace with the demand of a growing and increasingly complex economy. in 1980 when the justice department antitrust division was working to break up at&t the division had 453 lawyers. 453 lawyers, this includes during the time of ronald reagan. by 2017 and had 330 lawyers. the ftc is a a shadow of its former self. it's 1007 of 19 employees in making 80, down to 1102 by 2018. our agencies cannot fight the biggest companies the world has ever seen with duct tape and band-aids. i know senator grassley has been such a leader on this agrees we are together leading a bill to inject some more investment in these agencies because we know they actually deliver money when they bring these cases to the government. we know it's worth the money, and we also know that we can do it in a way that is not on the back of taxpayers by simple changing the fees asses

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millions of americans expressed dissent to the way law enforcement functions, rejects racism, violence, executions in the street with that judicial process and we continue to wait to see whether something can change in this respect. so i guess it's a waiting game, and it's also sort of this desire to see this devastating choreography again and again to somehow change. >> you talk about exercises, executing people on the street without judicial process. that's lynching. what lynching actually was, and a lot of people, when i was in minneapolis in may right after the killing of george floyd, what a lot of people told me, what do you want of us when we see that this is what you do to us? how is it you expect us to participate in your social contract or your laws when yours doesn't protect us? to some degree that's what feels it's on trial here. right? the idea, if you can't figure out that derek chauvin is guilty from several angles of video that show exactly what we all saw, then what? >> right. precisely. i mean, you know, i was a law professor in my former life. right? it's definitely

men behind the effort, ken frazier of -- the ceo of merck and ken chinault the former head of american expressghing in this morning right here on cnbc >> americans must vote, black americans must vote, and when it comes to protecting the rights of all americans to vote, there can be no middle ground. we cannot be in the business of creating unjust and undemocratic laws >> what we do is we raise the spector of voter fraud, and now we restrict legal voters, eligible voters' ability to cast ballots, and that's what's wrong with this bill >> well, several atlanta-based companies also opposing the new law. delta is georgia's largest employer it had declined to take a position really, but today its ceo called it unacceptable based on a lie, and said it does not match delta's company values coca-cola took no position before the legislation passed, but today in a statement the big leader writing, it opposes measures that would seek to diminish or restrict voter access the georgia governor brian kemp dismissed all the criticism, and now says these corporate leaders were pushed to speak out >> i underst

> okay, eugene, if that's correct and bind has pulled out the giant united states of america american express card, this does have a big price tag. about and guess what? biden wants more. there is also the minor matter of rebuilding our country. i drove across town in post apocalyptic manhattan today and i was kicking myself because i forgot to bring a spare axle. where are we going to pay for all of that? >> i think that is what they're talkingth about now. we're likely to start talking about this infrastructure bill. what you hear from biden folks is they'reom not as focused on e deficit.en what they also remind us is as republicans find religion again on the deficit, not to let that keep us -- to keep that in mind, butha over the trump years, tha was not something that republicans -- that was a huge part of what they were doing and still isn't. so now they're coming back to that. that big fight is going to matter because they -- this bill was basically the easiest bill that they're going get done there is a little bit of drama at the end in the senate with joe manchin, but now they're goin

take a look at stocks hitting new highs, including american express and nice gains across the board and or on the go on the cnbc app we're back after this. >>> got a question for the halftime investment committee? if you want to send us a video we can play it on air. e-mail us askhalftime@cnbc.com so they can hire vilma... and wendy... and me. so, more people can go to work. so, more days can start with kisses. when you buy this plant at walmart. ♪♪ this is decision tech. find a stock based on your interests when you buy this plant at walmart. or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together

to and the whole scope of platform is a complete mess after the truly terrible decision with american expresse that insight that institutions are different so different challenges there. >> let's hear about your insights of the post global lfinancial crisis with market concentration antitrust environment? what low hanging fruit is there to pursue on this front? >> the first comment i want to make i was really happy to hear how it has changed dramatically so it's also true my comment but really what i was hearing to at least keep it in the toolbox. so exchange of words. and that's encouraging innocents. >> it is a another element in the jigsaw but so the industry you come up with the same picture to establish that but at least we know where we are. we are in a different place from 12 years ago. i have done work with the former colleagues in the same trends that emerge also in europe was interesting there is a couple of lessons it's important to zoom in on the firms and the metrics of the overall economy and then to concentrate on industries with market power. you see those with the concentrati

random and interesting, and very good for names like mastercard, visa and american express. >>> the cdcew guidelines yesterday morning chief among them, vaccinated people are now allowed to congregate indoors without masks, with other vaccinated people or close family members but even one year into the pandemic and with 18% of the people with one dose of a covid vaccine, cdc is still recommending people avoid unnecessary air travel, something airline industry groups are pushing back on in a statement, airlines for america insist being on board a plane, poses a low risk of coronavirus infections because of heavily filtered air and federally mandated mask wearing. joining us on this and more, former spirit airlines ceo, ben baldanza it's good to have you on this has, unfortunately like everything else, become a political topic. as our viewers know, and i have flown a ton, okay, because i'm covering stories out there around the vaccines, and i wanted to see them for myself firsthand, good mask, hand wash, i tend not to eat if they even offer anything on the planes do you feel like thecdc g

according to the american express global travel trends report, 64% of people miss traveling so much thatt this, they would be willing to give up social media for a whole month to go on vacation. wow. people are booking trips now even if they might have to cancel it in the future and the rise of the digital nomad is here. more than half say the freedom and flexibility of being able to live and work while traveling is more appealing now than it was before the pandemic. >>> now to the fallout from prince harry and meghan markle's interview with oprah. buckingham palace still has yet to comment, but reports this morning say the queen held an emergency meeting with prince charles and william yesterday. abc news reporter julia mcfarland is in london with the reaction. >> reporter: the uk is reeling from the scale of the bombshell that finally arired on tv last night, sending shock waves throughout the country. fact that meghan was driven to suicidal thoughts and refused help was also met with widespread outrage. there hasn't been a singular response, a lot of people, some conservative politici

and two-sided markets is a complete mess after the supreme court's truly terrible position and american express. i think particularly that insight, where some challenges exist, the institutions are different, perhaps different challenges there. >> there is a lot there. very important points that you raised there. let's hear about your insights from the other side of the atlantic. what are the lessons that europe has learned from the global financial crisis market concentration antitrust environment? what so-called low hanging fruit is therefore europe to pursue on this front? >> thank you so much. i found this interesting. i was surprised, but i was really happy to hear the last house change. it would have been unthinkable over a year ago. they have not done it a lot in the past. any change may have been made. about picking up, putting it in the toolbox. it has been unthinkable. a change in words. it is frankly very encouraging and a sense. >> it is also great. how you captivate the industry. a picture. we cannot establish a result. now we are in a different place. it would have been 12 years a

's second-largest investment bank of america 31 building, american express and the new a billion dollarake in verizon buffett had it cash file of $130 billion on the balance sheet at the end of last year and said he could not find any company to buy so instead he used the money to buy back shares, $24 billion instead and said he's not a fan of us treasury and that was before he had the tenure yield rocket up two map 1.6%. stuart: he loves apple. thank you. pointed back to keith because buffett's still be on apple and he loves those stock buybacks and mean are you buying more apple as we speak? >> i'm going to buy lots more apple if i can get my hands on it and microsoft and tesla also because by america is some cannot fill strong about. is the innovative capital of the world in the world is coming towards us and we need to get those companies now. stuart: you can see the virus backing off and winding down? >> you know, that's interesting. i see the virus sticking around more than the headlines suggest which means we will learn to live with it, which is a good thing, so i don't see it go

and the whole scope of 2-sided markets after the supreme court's truly terrible decision in american express. let me pause particularly with tommaso valletti epson site into similar challenges that exist, the institutions are different and perhaps there are different challenges. >> there is a lot that i hope we can get to, important points that you have raised but let's hear about your insights on the other side of the atlantic. one of the lessons europe has learned from the post global financial crisis market concentration antitrust environment and what low hanging fruit is there for europe to pursue on this front? >> the first comment i want to make, i was surprised but happy to hear how the narrative has changed dramatically. it is also true, that is my comment that the united states hasn't done a lot in the past, what i was hearing about potentially keeping it in the food box and support of the and thinkable. so rapidly that it is very encouraging in a sense. if we do want that change. the work that is coming is great it is another element in the jigsaw but no matter how you carbon date

today american monopolists threaten freedom of the press and expression. they misinform insight and needlessly enraged citizens for profit. monopolists extort, emulate and steal other people's businesses and destroy vital industrial capacities. last year it was facemasks and this year semi conductors. monopolists create dangerous dependencies on thehe foreign sources of supply and exposures to the influence of powerful foreign states. they strip america's communities of wealth and opportunity and use power in ways that needlessly endanger public health and pollute our air and water. monopolists choke off entrepreneurship, innovation and growth and drive down the people's wages while driving up the prices that the people must pay. none of this is new. i am myself first warned of the dangers of supply chain contribution 18 years ago and i myself warned of how the platform threatened freedom of expression and speech and of the press more than ten years ago but there is good news. the speed of which americans are awakening to the crisis is embracing. three yea

the declaration was intended to be and was an expression of the american mind. let us pray.ome from delaware, and pennsylvania new jersey, is appropriately stage at convention hall. seeing national conveyed political conventions. they work through the day to prepare more than 6000 box lunches which will feed the hungry servicemen and women they collect the servicemen and women, from the hall and traffic is controlled with the help of the city police department. and defense workers. to a radio, connect civil defense headquarters, with traffic spotters in various parts of the city. a staff of volunteer citizens, their posts at the headquarters throughout the day assistant directing the buses, where they are most needed. radio communications prevents the trans corps transport vehicles from being delayed unnecessarily. and ensures every man woman to arrive in time for the program at convention hall. many acquaintances have been made that whole future promise. new faces a new friends. the u.s. all, is everywhere. quiet and unassuming. doing the job it is done so well, for service