i want to bring back nbc's brian cheung. also we're joined this morning by tim woo, the former antitrust adviser to president biden. brian, this is pretty significant. >> yeah, certainly. we heard from the attorney general merrick garland over there. what was interesting is that he really tried to set up the case for apple abusing its power to essentially force people into apple products when other competitors would otherwise be able to interplay with apple products like an apple watch, where you might be able to connect it with an android phone, which is not the case right now. as the attorney general was outlining, it is not necessarily just the fact that a company has a monopoly like they allege apple does to violate the law, but they also need to at least in the doj's case prove that they were abusing that power to force consumers into their products. not out of the quality of their products, but out of the lack of options or the inability to do so. so, again, the justice department pointing to some examples like, for ex

it is time to get the paper work in order. >> we have brian cheung back with more.ave the green right in advance of st. patrick's day. the average refund is $3,145. that is up from a year ago. this is because of changes we have to the taxes this year with that 7% increase on the standard deduction. it$13,850 this year. these are inflation adjustments that the government makes. really important thing to notice as you try to get those taxes started. if you haven't already finished them. >> brian, what about the child tax credit? >> it is smaller this year compared to when it was larger in 2021. you do get up to $2,000 per child under the current tax code. it used to be $3,000 in 2021. it was $3,600 depending on the age of the child. it is lower compared to a few years ago. you will get the tax refundable. you can get up to $1,600 refunded per child. there are income limits to the credit. for a single filer, it is $200,000. >> i have filed this year which is the earliest i have done. >> i have. >> get on it. >> who are you? >> only one of us hasn't done our taxes? >> i

nbc's brian cheung has more for us. brian. >> the action down in d.c.led igniting a social media fire storm with the house energy and commerce committee advancing a bill on a get this 50-0 vote for legislation that would effectively ban tiktok. the way that this legislation works if passed is that the chinese parent company, bytedance, which owns tiktok would have to divest or sell that tiktok business within six months of passage or face a wholesale ban on use of the app within the entire country. now, tiktok responded to this by putting a notification on their application asking people, millions of users to call their long congressional representative to say vote down this legislation once it reaches the floor. take a listen to what some creators are saying after that bill passed the committee yesterday. >> we don't want this to happen, right. if you haven't yet called your representatives, please do. >> i myself spent two years building a business that will shrivel and die should social media be banned. >> in terms of next steps, house majority leade

joining me now are nbc news business and data correspondent brian cheung and nbc news senior capitol respondent garrett haake. brian, let's start with you so what exactly are the security concerns surrounding tiktok, and what are users saying about all of this? >> it's not that the law make makers are tired of the dancing videos here. it's national security. china's bite dance which owns tiktok, they're based in china. there are concerns among u.s. lawmakers that all these young people scrolling through dish tiktok, their data will get to china somehow. tiktok says our servers are not in china and they don't get the data on the servers. the bill would say there's six months to sell-off tiktok. if they can't do it, it'd be banned. >> garrett, from a capitol hill standpoint and from your experience being on the campaign trail, we're seeing this become such a bipartisan issue, sort of a strange bed fellows situation. do you expect this to be something that is going to be a hot topic on the presidential trail? >> well, on the one hand, the idea of this divestment has overwhelming bipartis

and brian cheung is here in studio. savannah, not the first time you've been in d.c. covering a tiktok social media-related hearing on the hill, what are house lawmakers saying about today's vote. >> reporter: look, you said it passes by an overwhelming margin, only needed 278 votes in order for this to advance to the senate, they got 352. the mixed of representative whogs voted yess and nos. republicans and democrats in both of those categories. some of the lawmakers. >> in a decisive and bipartisan fashion. i don't support a ban on tiktok. the legislation did not ban tiktok. >> i'm concerned in terms of the data that america data shouldn't be going in those hands. that's why we need a internet privacy rule. >> no word in the constitution does it say that. we should protect national security, but this isn't the way to go about doing that. >> reporter: there's this mix, concerns about free speech and young voters from those who voted no, ellison. >> brian, tiktok has been pretty vocal in speaking out against some of the accusations coming from lawmakers on the hill. >

let's bring in nbc news business and data correspondent brian cheung at the big board.esident said yesterday the landing is and will be soft, referring to avoiding a recession. the jobs numbers we got this morning confirm that. 275,000 jobs added in the month of february. economists had only expected about 180,000. that's well above that estimate. and it is above the pace that we saw added in the month of january. both of these two months were revised down in this report as they usually do. the unemployment rate did tick up to 3.9%. we saw black americans, asian americans, also women see the unemployment rate rise. the hispanic and latino unemployment rate stayed the same. we'll watch those threads in the months to come. whether we look at the sectors, check this out, bars and restaurants and healthcare adding a lot of jobs, tech, these two quarters here, slowing down a little bit. we'll have to watch those threads in the months to come as well. >> any update on inflation in these numbers? >> the big story as we heard also yesterday is that it is inflation, not necessar

nbc news business and data correspondent brian cheung is here to break it all down.change for the restaurants and for the workers. how's it all going to play out? >> yeah, this is pretty substantial for fast food workers in many cases are making about $26 an hour. so that bump to $20 an hour would be equivalent to about a 20% pay bump. that's quite substantial and even more substantial when you consider how big the fast food industry is across the state. either working as a cashier or as cooks. now, not all of them are going to be covered in this, and that's because the way this law is structured that's only going to cover largely chains that are present nationwide that have establishments in california. so if you work at a mcdonald's or burger king, that's likely going to cover you. there's some ambiguity in the law whether or not if it's a bakery there's an exemption. but is a panera bread a bakery? the big reason for all this is obviously the higher cost of living especially in high cost areas like los angeles and san francisco where it's pretty adhard to get by $

so brian cheung is joining us. what did we hear today? >> this marks the end if you will for the time being to the long saga after the collapse in 2022 of the cryptocurrency exchange fts. the prosecutors in the case had wanted to get him with 40 to 50 years in prison. their argument is many lost millions of dollars in some cases, whereas his defending council tried to push for 6 1/2 years. so 25 is kind of in the middle. judge kaplan said he found the arguments from the defense to be misleading and speculative. and some of the things that defense were trying to argue is for example that they could recuperate the money and that it won't be as bad for consumers because they would ultimately get their money back and they were trying to paint the picture of sam as kind of a socially awkward depressed person that wouldn't be able to handle a long sentence. clearly 25 years though, very substantial and that is what he faces. >> a lot more than the 6 they asked for. in their argument for that reduced prison sentence, i know his lawyers said ther

. >>> now let's get to nbc's brian cheung with the breaking news from the fed. what is the decision? >> the decision was as expected, the federal reserve not doing anything on interest rates. they continue to target short-term rates between 5 1/4 and 5 1/2%. all we need to know here is their assessment on the economy is essentially in a wait and see mode. we know that the federal reserve has been trying to tackle this story on inflation. the yearly rate of inflation around 3.2% as of the last read. the fed wants to get closer to 2%. the committee does not expect it to be appropriate to reduce rate, referring to progress on inflation in the form of the data we get on a monthly basis. what's interesting about this decision is we get economic projections from the policy makers inside the central bank, and they still project the likelihood there could be interest rate cutting coming on later this year. even if we didn't get it today. there could be three interest rate cuts before the end of 2024. that's going to depend on what inflation looks like. they're going to

nbc's brian cheung is here in the studio.ut the ban and what's it going to take to not have this app? >> just to back up, the lawmakers don't feel that the cat videos all about it. lawmakers are saying here you have tiktok this wildly popular app that's owned a chinese parent company bytedance. they're forcing bytedance to sell off tiktok in six months. if they can, no problem. if they don't, then it will be banned. what's interesting, chris, it has bipartisan support, it passed on a committee 50-0, you don't hear that happening in congress at all these day. interesting to hear what two senators on opposite sides of the aisle said on "face the nation" this week. >> doesn't matter where you tell tiktok too, where they're headquartered, doesn't even matter where they store the data. as long as bytedance engineers control that algorithm, they have to have access to the american data to make it work. and that's what we need to confront. >> i think there's a lot of creativity on tiktok, as well as the algorithm mode, if this was a

here with the latest, business and data correspondent brian cheung, what stood out in this latest reportd what does it say about this overall state of the economy? >> as the president yesterday was trying to make sure he was painting a picture of the economy that was positive headed into the election, i mean, the jobs numbers this morning corroborate that, at least on the labor market front, the jobs market is firing on all cylinders, 275,000 jobs added in the month of february, above what wall street economists expected of around 198,000, rounding up to 200,000. so that's above that estimate. and also faster than the 229,000 jobs that were added in the month of january. although i do want to note the government statistics did revise down the figures for december and january, we added fewer jobs than originally thought, part of the normal monthly process from the government data. here's where we added jobs in the month, very interesting to take a look at, these are jobs at bars and restaurants, adding 60,000, health care adding almost 70,000, but white collar jobs in information, and pro

inflation proving to be a bit stickier than expected let's bring in nbc's business correspondent, brian cheung. brian, good morning to you so the fed, of course, held rates steady for months now. at the beginning of the year, a lot of experts suspect that at some point this year, those rates would come down. is today that day? >> the short answer is no. it is not going to be today. we will read the tea leaves to see when that would happen the federal reserve expected to hold interest rates between 5.5% on the short end of things. either way, that shows mortgage rates and credit cards rates are not likely to come down any time soon the reason the fed will not cut today is because they want to see further progress on inflation. there has been progress, but they want to see further signs that the price increases we are seeing at the store will get better before they provide for juice into the economy in the form of a rate cut. >> if they lowered the rates, inflation would skyrocket. where does inflation stand right now relatively speaking? >> inflation right now is reading at 3.2%. that's how muc

brian cheung has the story. >> good morning.mers. a recent report found not just sugar but also cocoa prices are reaching new levels when it comes to production costs. this morning, with easter baskets ready to be filled to the brim, a sweet holiday is going to cost you more this year. >> these stores already filled with candy were so expensive at the store, y'all. >> reporter: it is all thanks to soaring sugar and cocoa prices, the perfect recipe for higher prices for these recent treats. global sugar prices are surging at levels not seen in over a decade. while the cost of cocoa has more than doubled in the last year. with climate change pointed at the culprit, threatening cocoa tree health and production. and the cost of candy and other sweets rising 5.8% compared to just a year ago, according to the later consumer price index. >> happy easter from hershey's. >> its impact being felt at hershey, which reported shrinking profits as a result of high prices. in a statement posted last month writing, it is it is expected to limit

and how does it compare with its rivals brian cheung has been looking into this.unches on april 7th, so it is not yet active today. and the intro offer is $49 a year pricing is very important for all the subscriptions we will talk about today after may 18th, that price goes up to $99 a year what comes with this service >> yeah. >> it comes with, for example, free same day delivery over $35, free two-day shipping and free circle membership because some people might be subscribed to their e-mail sign-up that gives you exclusive access to things and deals as well. that is also still available for people that weren't paying for this the big deal here is that free shipping. >> okay. they might roll out other perks as they go along. >> and delivery. i mean, same-day delivery, that's a big deal. >> it could be $10 in some cases for that same-day delivery at the moment >> okay. let's start with amazon. it obviously has a subscription service. let's compare. >> yeah. this is the more expensive one, but that's because amazon is huge $15 a month. it also includes free two-da

brian cheung. thank you. follow me on tiktok at joy reid official. we'll be right back. know that thing your family does? yeah, that thing. someone made it a thing, way back in the day. but where did it come from? and how did it get all the way to you? curious? ancestry can help you find out. because that thing has a story, and it's still being written. what are you waiting for, a sale? well, lucky you. voices of people with cidp: cidp disrupts. cidp derails. let's be honest... all: cidp sucks! voices of people with cidp: but living with cidp doesn't have to. when you sign up at shiningthroughcidp.com, you'll find inspiration in real patient stories, helpful tips, reliable information, and more. cidp can be tough. but finding hope just got a little easier. sign up at shiningthroughcidp.com. all: be heard. be hopeful. be you. >>> for those kwho may not be aware, march is women's history month. here at "the reidout," we love books. there are no book bans here. so i invited friend of the show and friend of mine, tam ran hall, who may be familiar to many viewers here who wat

brian cheung joins us. what is going on?t appears to be messenger as well, this on the morning of a very important super tuesday. i want to read to you a statement that facebook put out just in the last hour. they posted this on x, formerly known as twitter, and the communications officer said we are aware people are having trouble accessing our services. we are working on this now. that's all we have at this time. i tried to log into instagram and it appears that is down. facebook, it appears a number of people, including myself, have been logged out of the app so getting back in is having issues. facebook outages reported, over half a million as of a few minutes ago. it appears to be a widespread issue. no resolution at this point and we don't know why it's happening or whether or not that resolution will come anytime soon. a major social media platform -- several social media platforms disrupted this morning. >> thank you. >>> now shaquille brewster joining us. how are voters feeling about this race? >> reporter: well, th

association of retailers, but we have none other than nbc news's business and data correspondent brian cheunggoing on here? >> this is a big deal for the housing market. how it works, long story short we are trying to figure out how this will change the home buying process but commissions alone can add thousands of dollars to the price of a home and the national association of realtors, also known as nar represents 1.5 million agents nationwide, a series of lawsuits from home sellers claim the rules force them to pay excessive fees. main points of the settlement, versus the n.a.r. would pay $418 million in damages to home sellers over about four years and it would allow buyers and sellers to negotiate fees and compensation with agents up front, which would essentially eliminate the 6% sales commission common in many home sales, at n.a.r. they deny any wrongdoing, and they released a statement saying n.a.r. has worked hard for years to resolve the mitigation, american consumers. it has always been our goal to preserve consumer choice and protect our members to the greatest extent possible. the

. >> brian cheung, thank you. make sure you join us for "chris jansing reports" right here on msnbc. our coverage continues with "katy tur reports" right now. ♪♪ >>> good to be with you, i'm katy tur. welcome to the next eight months. it's going to look and sound a lot like this. >> two nights ago, we all heard crooked joe's angry, dark hate-filled rant of the state of the union address. didn't it bring us together -- bring the country -- together. i'm going to bring it together. >> we all know donald trump sees a different america. an america story of resentment, advantage and retribution. that's not me. that's not you. >> everything that joe biden touches turns to [ bleep ]. >> celebrating the constitution, our country, our economy and our communities. donald trump is vermin, poison, poison in the blood of america. >> it sounds a lot lik 2020 you could say it sounds like 2016 as well. while the contours of the campaign feel like deja vu, they already do. what's happening behind the rallies is noticeably and nota

joining us now nbc news business and data reporter brian cheung. what are the numbers?ry about what economists had expected. they expected about 200,000 to be added in the month. we have to keep in mind the unemployment rate did tick up to 3.9%. the female and black unemployment rate rise. where do we see the job gains in the month? we saw it in bars and restaurants and health care. check this out, health gains in information and professional and business services slower. these are including the tech jobs we've heard of layoffs in the past few months. we have to watch that thread as well. the labor market looks good but inflation remains the story the biden administration has acknowledged remains the issue for this economy. prices 3.1% higher than this time last year but wages as we saw in this report 4.3% higher. wages outpacing inflation. that's good news. we'll see if that trend holds in the months to come. >> i love when wages outpace inflation. make sure wages outpace inflation at the grocery store. thank you very much. that's it for me today. "deadline: white hous

leading us off this hour, brian cheung. say this sounds like good news, especially if we're anticipating cuts. >> this is not a surprise at all, but yeah, the federal reserve reiterating that they could see interest rate cuts happening later on this year. might be welcome news to many americans that have been wondering since the fed began raising interest rates in 2022 whether or not they would get relief on the mortgage rates, on the credit card borrowing rates, on the car loan rates we've seen jump as an indirect result of what the federal reserve was doing. the federal reserve is saying we're not going to say exactly when we're going to cut interest rates. that's because they want to see the progression of inflation. that's the reason why they made interest rates so high. they said until they see better progress towards that 2% inflation rate that they want to have, they're not going to cut interest rates. 3.2% is where we're at right now. 2% is where they want to be. >> that elusive 2% in the interim, what does that mea

new york assistant attorney general adam pollock, and nbc news business and data correspondent, brian cheungerybody, welcome. lisa, let's talk about knocking down this bond. it's a really big deal. clearly what donald trump was hoping would happen. >> absolutely what he was hoping would happen, and assuming, katy, that he posts this bond within the next ten days, it will prevent the attorney general from taking any enforcement efforts. i want to make one thing really clear. while we are talking about this as a major victory for the former president, we are still talking about posting a bond of $175 million. that's a gargantuan sum by any measure. it's only a small sum and a major victory where we're talking about the former president having a $454 million judgment, and counting against him. >> tom, what do you think of this? >> well, i think we were speaking earlier today. i mean, there's a couple of things that are on the table here. one, it does provide him some wiggle room and time. they said they were not able to get to a point where they could get the bond in the first place. the questi

nbc's business correspondent brian cheung is here. brian, what are we expecting in terms of court today and the sentencing? >> reporter: yeah, good morning, guys. sam bankman-fried could face decades in prison. it all depends on how a judge will decide to sentence him, which could happen later on this morning. this is related to the $10 billion in customer funds that he loss as a result of the spectacular collapse of that crypto exchange, ftx. now, when it comes to just the overall recap here, we have to rewind to about four months ago, when sbf was found guilty of seven charges including fraud and conspiracy. the prosecutors are arguing he should get 40 to 50 years in prison as a result of this. they are citing the tens of thousands of victims that were part of this collapse and they also said in a statement, quote, he stole money from customers who entrusted it to him. he lied to investors. he pumped millions of dollars political donations to our system and he bribed officials. his attorneys are asking he's deep down inside a good pe

down for an interview, lemon says musk pulled the plug on that show nbc's business correspondent, brian cheungng. >> good morning, guys. it was supposed to be part of the next chapter for the two high-profile men lemon launching a new show after being fired from cnn and musk bringing exclusive content to his recently purchased platform, "x." but just 24 hours after lemon interviewed musk for what was supposed to be the launch of that very show, he says it all came crashing down this morning, a high-profile deal between two unlikely partners imploding, after a confrontational interview between former cnn anchor, don lemon, and elon musk, turned tense during a taping of the new "the don lemon show," that was supposed to debut next week on musk's platform, "x. lemon pushing the billionaire endorsed anti-semitism and conspiracy theories. >> hate speech on the platform is up. do you believe that "x" and you have some responsibility to moderate hate speech on the platform. that you wouldn't have to answer these questions from reporters about the great replacement theory, as it relates -- >> i don't

this morning a lot of tiktok users are speaking out against it brian cheung has that story. >> good morning, hoda. congress could move quickly with a vote scheduled in the house next week that would force tiktok's company to sell the social media app but tiktok is fighting back calling on millions of its users to let their voices be heard >> the government is currently trying to ban tiktok >> reporter: it's an all-out blitz. >> if she does vote yes, i will not be voting for her in the primary. i will write in a different candidate.e rallying cry coming directly from tiktok itself, pop-ups on the app urging users to speak up now and warning if passed the proposed bill would destroy the livelihoods of countless >> tiktokers taking to their cell phones to take on congress. the rallying cry coming directly from tiktok itself pop-ups on the app urging users to speak up now and trying to get passed the bill that will destroy the livelihoods of countless creators hannah jones sells handmade metal works in tiktok and says she's going to call. >> what are you going to ask your congressman to do >> a

of users worried about the future of the wildly popular platform nbc's business correspondent brian cheungays it will put it to a full vote later on this week. after that point in time it still needs to get passed by the senate and signed by the president before coming into law. but we have to remember what this is all about. this is what lawmakers say it concerns a national security issue. they're worried that the chinese parent company bytedance has access and is giving data from tiktok to the chinese government those are allegations that tiktok denies. they say if they follow through on this nationwide ban, it will destroy the livelihoods of all the creators that have build reputations off this app. so very interesting, we'll see how it develops. >> so the legislation basically says to tiktok, either divest yourself of the chinese parent company, sell to someone else or we'll ban you. >> yeah. that's what lawmakers are saying, that it is not really a ban. that we're going to give six months once it's passed for this chinese company to sell off tiktok if they do that, tiktok still goes o

." >>> but first, another domino set to fall in the streaming password-sharing crackdown brian cheung'sor's account or maybe a college roommate's account, you might get booted off we'll tell you about what service is doing that and when others might do the same, on the other side a once-daily td treatment for adults. ♪ as you go with austedo ♪ austedo xr significantly reduced kate's td movements. some people saw a response as early as 2 weeks. with austedo xr, kate can stay on her mental health meds— (kate) oh, hi buddy! (avo) austedo xr can cause depression, suicidal thoughts, or actions in patients with huntington's disease. pay close attention to and call your doctor if you become depressed, have sudden changes in mood, or have suicidal thoughts. don't take if you have liver problems, are taking reserpine, tetrabenazine, or valbenazine. austedo xr may cause irregular or fast heartbeat, or abnormal movements. seek help for fever, stiff muscles, problems thinking, or sweating. common side effects include inflammation of the nose and throat, insomnia and sleepiness. ♪ as you go with aus