i think we started as being an e-commerce company and 10% of all e-commerce in the u.s. flows through shopify. we were one single aggregated store we would be the second-largest online store in america. but the key here is that commerce in the future will happen everywhere. we announced on the show and talked about our integrations with google and facebook and instagram and tiktok to embed commerce there and the newest one we are embedding the newest , partner is twitter. they are in the news a lot lately, but if you think about where commerce used to happen, it was around the town square. where the bakers sold bread and they sold shoes. twitter is the modern-day digital town square. so, embedding commerce into twitter so you can turn conversation into commerce powered by shopify we think is a great thing and whether or not they have a new owner in the future or not, i think commerce will play a role in twitter's future. emily: i recently interviewed amazon ceo, andy jassy, and i'm not sure if you caught this but what i asked about amazon's relationship with third-party

but advancing the aggressive argument on the commerce clause that's commerce between the states and having the power to regulate things that prior to that time for the first 150 years of the republic that power had been understood to give congress the power to interstate transaction if i'm in virginia and i'm selling something to you congress has the power to set up ati system of laws should they choose to do so and impose a negative power on state law. the other principal power derived from channels of interstate commerce airways, waterways, and so forth so this was a new frontier from the commerce clause. one of the most important elements of the constitution is that federalism gave power to the people and then the protection we call separation of powers. in the nose meeting in a particular case. and then to be the savior of the american people. you have to interpret the commerceat clause that affects interstate commerce. pretty much everything is just like the butterfly effect. somewhere in brazil that will affect wind current and weather patterns in florida. the supreme court thankfull

commerce. she prior to that time. for the first 150 years of the republic. that power had been understood to do essentially two things to give congress the power to regulate interstate commercial transactions if i'm in virginia, and i'm selling something to you. you live in maryland. congress has the power to set up a system of laws that will govern that transaction should it choose to do so and to impose a negative power on state laws that would interfere. the other principal power that's derived from a power to regulate channels and instrumentalities of interstate commerce today. we would think of those as interstate airways airwaves waterways roadways canals and so forth. so this was really a new frontier that he was pushing for the commerce clause remember that perhaps the single most important element or one of them one of the most important elements of the constitution was that as these twin structural protections the vertical protection we call federalism that keeps most of the power clo

to regular commerce between states, and the power to regulate things that affect interstate commerce. prior to that, for the first 150 years of the republic that power had been understood to do two things, give congress the power to regulate interstate commercial transactions. i'm in virginia and selling something to you and you live in maryland, congress has the power to set up a system of laws that will govern that transaction and impose negative power on state laws that would interfere. the other is derived from power to regulate channels and instrumentalities of interstate airways, waterways, roadways, canals and so forth so this was a new frontier he was pushing for the commerce clause. perhaps the single most important element of the constitution, the twin structural protections, the protection of federalism at the state and local level, the horizontal protection we call separation of powers illuminating the responsibilities of the branch that makes the laws and the executive headed by the president and the branch that interprets the laws when necessary to do so to resolve the

and she's the vice president of the european union chamber of commerce in china. welcome to the w bettina. so the mode among european companies in china is turning increasingly sour, locked down, supply chain strains, political pressure. am i missing something? well, yes, i'm obviously you and really elicited also and the comment outbreak. it definitely is quite a, an issue and it causes a lot of uncertainty. then we have a slowing economy and the environmental business environment is getting more and more political. so this makes doing business in china more and more difficult for majority of our members. but what exactly is the impact we don't see an exit is of companies are doing no, we don't see an exodus of company is be course the market is for sure a very big and important. but it course is actually that headquarters will silo. they will decouple their companies here in china. they localize the stuff, they localize id and data storage systems, and the onshore supply chains. and another effect is for sure that this regards to future investments, which would

the public cloud but i don't see a large organization who can't afford any down time running an e-commerce site, running any type of business whether it's your supply chain, et cetera in the cloud, you can't afford five minutes of down time. you truly need 100% up time. you can't do that with one bet on public cloud and one bet on private cloud either >> i'm glad we got you talking about this it comes down to this love/hate relationship i have with the term cloud it sort of doesn't mean anything anymore. we use it to talk about enterprise software and then we use it to talk about distributed infrastructure dell's infrastructure business has not eevaporated. hp's has not evaporated. understanding which of those are building the bridges to the public clouds that will allow them to be most successful that's what inverss need to know, isn't it >> spotten, jon. >> any time we make an investment we spend some time talking to cios, cpos trying to understand the tech stack of what some of our larger portfolios kpcompanies. there's excellent tools on the web. it's mind boggling thousands of softwar

but such commerce is regulated by congress through the interstate commerce commission. congress and only congress has the power to declare war even though the president may call for a declaration of war. and when the united states is involved in international agreements the senate is all important, for example the signature of our secretary of state to the united nations charter. had to be approved by a two-thirds majority of the senate. a clause in the constitution states that treaties are made by the president but only with the advice and consent of the senate. from the capital we went down pennsylvania avenue for a look at the white house. that's where the president lives. the white house represents the executive branch of the government. before he got through i could see why uncle jim said that the president has the biggest and toughest job in the world. yes, bill. the white house is both the home and office of the president. the president is chosen by the people through the electoral college. some of the presidents' duties are set by the constitution others are est

so, as it relates to our topic today when it comes to commerce, the commerce clause and how it relates to the native people, the first nations need, weatherby on voting rights, abuse by pharmaceutical companies, they wanted to test the opioids on us first. look at the emails. let's use native americans as the first ones. so you dehumanize us, you use us as test cases like guinea pigs, and then he put us in the attic. recall them reservations. -- we call them reservations. because americans cannot confront what you've done to the first nations. so you need to put us out of mind. so that is why it is so important that this country have a reckoning with its history. and understand what they have done to the first people of this country and to protect them. protect us from the states who seek to tax us and take our name -- land. the biggest fraud was manifest destiny in the u.s. your ancestors use the divine to steal from us. and call that manifest destiny. so, i hope at the end of this discussion, we want nothing more -- i never want to use history to -- but you should use history to info

i do want to recognize the hard work that the americans of the energy and commerce committee put into the restoring hope for mental health and well-being act of 2022. this package is the first major effort put forth to address our nation's mental health crisis since the lockdowns began for coronavirus. following covid-19 and the pandemic, we've seen a tremendous increase in youth mental health conditions, suicides, overdose deaths, exacerbating the mental health crisis we already faced prior to the pandemic. this bill maintains the flexibility for states to make their funding decisions that best addresses the needs of their communities. the spending in this bill, and this is important, the spending in this bill is fully offset and targets funding toward the treatment of serious mental health conditions instead of generalized wellness programs that may not have an impact. included in this package is the into the light for maternal mental health and substance use disorders act of 2022. that's actually a bill that i introduced with representatives yvette clarke, herrera beutler, kim and

so, as it relates to our topic today when it comes to commerce, the commerce clause and how it relates to the native people, the first nations need, weatherby on voting rights, abuse by pharmaceutical companies, they wanted to test the opioids on us first. look at the emails. let's use native americans as the first ones. so you dehumanize us, you use us as test cases like guinea pigs, and then he put us in the attic. recall them reservations. -- we call them reservations. because americans cannot confront what you've done to the first nations. so you need to put us out of mind. so that is why it is so important that this country have a reckoning with its history. and understand what they have done to the first people of this country and to protect them. protect us from the states who seek to tax us and take our name -- land. the biggest fraud was manifest destiny in the u.s. your ancestors use the divine to steal from us. and call that manifest destiny. so, i hope at the end of this discussion, we want nothing more -- i never want to use history to -- but you should use history to info

the energy and commerce committee. and we are going to find a cure nears diseases.his bill is a step in that direction. with that, i yield back my time. mr. guthrie: i reserve. the speaker pro tempore: the gentleman reserves. the gentleman is recognized. mr. pallone: thank you, mr. speaker. i now yield three minutes to the congresswoman -- to congresswoman brown from ohio. i must say for many years we had a congressman brown on the committee who contributed a lot, particularly on the health care issue, chaired the health subcommittee, so it's an honor to hear from you, we have another congresswoman brown now from ohio. three minutes. ms. brown: thank you very much. thank you, chairman pallone, for yielding. i would also like to thank congresswoman eshoo for her leadership on this bill. i applaud president biden for having the foresight to propose the creation of an advanced research projects agency for health, also known as arpa-h. an agency tasked with driving break throughs in cancer, diabetes, alzheimer's and other difficult diseases. the new science moonshot age

mike we are e-commerce. -- a treats us like we are e-commerce. slavery did not end it transformed.applause] [indiscernible] >> they want to bring in the handmade tail nightmare -- tale nightmare. we have to come back stronger. [indiscernible] >> we will bring you back live outside the supreme court in just a moment. earlier today president biden shared his thoughts on the court from the white house. he called on congress to pass federal legislation, protecting abortion rights, he said the department of health and human services would ensure the availability of contraception.

so right now, shopify powers about 10% of all e-commerce in the u.s., about every 30 seconds or so, a brand new entrepreneur gets their first sale on shopify. so our perspective is really not only international but we also really are on the pulse of the retail. so a bunch of things have changed since the beginning of the direct to consumer movement and the idea of making really easy to buy things online directly from your favorite brand that is still fairly novel and consumers are voting with their wallets, even right now, to buy from independent brands, but there has been some changes. the first change that we are sey now happens everywhere and across every single touch point so whether it's online or it's off line or if your marketplace from social commerce it's happening everywhere and that's how consumers want to buy, one of the reasons why shopify is really transformed into this retail operating system. in terms of what is happening generally in retail we are see ing retail rebound in some areas. for example, in-person retail which shopify is very

>> e-commerce is growth for them. they expected to be top of their business.f you look at their business, 24 percent of nike business is through e-commerce. they say in their own channels, over 10 billion dollars in sales come from e-commerce, up from the roughly $20 billion they made in the -- kriti: let's talk inventory. we saw with walmart and home depot and target as well, the inventory buildup for nike is not much of an issue. >> it was up 23% at the end of the year. that is significant. we are expecting to see more markdowns. nike has enjoyed a long period of -- given the supply constraints we have seen during covid. but now with more inventory coming on in transit or in stores, we think there will be pressure to promote more could as not only they have more inventory, but the competitive landscape is going to get more promotional. kriti: thank you as always. really putting that into some context. you heard it there, china is becoming a bigger part of the story not just for nike, but around the world. it's not just about their business there, it's at --

reporter: the commerce clause reinterpreting commerce to prevent every activity that would aggregate as a efsignificant effect. the limited purpose federal government and national government. management fees by drawing decisions you can legislate that. focus that you're in charge of the huge expanse of sky's the limit. congress stopped trying to makeo law is accountable. prints for that chimp actually goes in depth today. as with most work laws measured by waist, would like, economic impact are made its way we work several months out of every year only to be told is not nearly enough. all of these things legislativelyy. thanks for an explanation of the president of the audience will have evene smarter. starting to pursue the matter's coming your way. oh all right. i happen to be a graduate of roger wilson senior high school washington d.c. which they just changed the name by the way. my question is this, the events current president of the united states does not complete his term for whatever reason, what can we best especially social conservatives, whatever they would want to put on

i think if you are in _ e—commerce business and sitting in a very profitable — e—commerce business andtable company and you have huge reserves, maybe _ very profitable company and you have huge reserves, maybe that _ very profitable company and you have huge reserves, maybe that would i huge reserves, maybe that would worki _ huge reserves, maybe that would work. but — huge reserves, maybe that would work. but for— huge reserves, maybe that would work, but for the _ huge reserves, maybe that would work, but for the small— huge reserves, maybe that would i work, but for the small businesses of the _ work, but for the small businesses of the united — work, but for the small businesses of the united kingdom _ work, but for the small businesses of the united kingdom who - work, but for the small businesses of the united kingdom who are i of the united kingdom who are struggling _ of the united kingdom who are struggling to _ of the united kingdom who are struggling to keep _ of the united kingdom who are struggling to keep their- of the united kingdom who are struggling to keep their doors

it is high gas prices and potential e-commerce. that would be wrong.ed on the new guidance, it is just 10 times earnings. you could do a whole lot worse. jacob in new jersey. >> thank you for all that you do. i would like to give a shout out to the nurses at overlook hospital. >> they are so great. i know a bunch of them. i am so glad you brought them up. >> my question is about a vacation ownership company or a timeshare. here is what i would like to know. with increases in leisure demand and now negative headlines about increase talks and higher interest rates, what is your opinion on the company travel and leisure. >> i am not a fan. we're going to spend our money and then be done spending. we are not going to travel. they are traveling beyond their means. robert in illinois? >> i have a question for you. there is a negotiation going on in kansas city. i want to know what your insight is. just a fabulous thing. >> they are the best that you can buy. i hope that whoever gets it wins. it is just a great piece of business. this is what you are looking

i understand the desire to separate the cloud computing business from a slower growing e-commerce.m not sure the sum of parts works when you think about the e-commerce apps and the low profits that that -- that that business generates. jon: it is always good to get your perspective. thanks very much. a lot to watch without official splitting of amazon stock later today. tom forte of d.a. davidson joining us. coming up, we dig into the latest housing report here in canada. what shows prices lighting and obviously, a signal of some of the things we are also watching in the u.s. more next. this is bloomberg. ♪ what if you were a global bank who wanted to supercharge your audit system? so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create jon: this is "bloomberg markets." i

. the chamber of commerce of turkey, by the way, which we also applied to, and they can't give any answerficult for them to navigate, they're afraid to say something wrong or they are afraid to make it so that later on from the higher echelons of the government they don't get some tomak yes, as they say, and that's why the turks seem to see that we are right and they really think that our investigation is quite logical, but still they have no reason not to accept or not to serve legally, after all, legally they have no reason not to accept e-e or not to serve vessels or there are such cases as you just quoted osman pashayev when word really belongs in russian how much is it it is a systemic thing, how much is it put on stream? is it just single ships that carry single cargoes ? to talk about eight ships that are transporting ukrainian grain, and of course there is direct evidence that there is stolen ukrainian grain on these ships, we do not have it yet, we only have evidence that this grain entered the crimea, there are satellite images of what this grain is it reached the crimean ports

i don't know the reds of the chamber of commerce.here , in fact, they did not earn any elements of the embassy in the direction of it projects. eh, and everything is very stalled there, and i also wanted to talk about this, while our integrators are russian. e, despite the fact that there were attempts there, i saw news from softlines from technoserves from croc, they wanted to build partnerships in different countries grid so that we can rely on the distribution infrastructure, this is also not the case, and in fact. you and i will have to build all this from scratch and uh, as it were, i urge you to start it, the sooner, the better it will not be built by itself, no matter how accurate it is, which means, on fast ones. to the realities of fast methods, we all, well, roll out into large exports, so that it would be noticeable money for the state, no. and here is your task. actually such methods together to find. we are ready to be fully involved. means now for specific proposals. first of all, we are very much looking forward to the

he is at the european chamber of commerce, a president in china. thank you very much for your time today. thanks for watching . ah ah, with, with is consumerism good or evil? how does a candy wrapper from germany end up in a river in malaysia? is basmati just the type of rice or the specific brand? the brain in packaging? why do we reach for certain products? it's all about marketing made in germany in 30 minutes on w with hello guys, this is the 77 percent the platform with, you know, or this channel. we are not afraid to capture delicate topic because population is growing. and young people clearly have the solution. the future, you know, for the 77 percent, every weekend on d. w. it is a secret and endless one axis. the conflict between iran on the one hand and israel and the united states on the other. with more than 40 years, the adversaries have been irreconcilable. there is never been any real dialogue. how did this confrontation begin? how great is the danger that it was spread? the long war? he's real. iran usa starts june 15th on d. w. ah

he is the european chamber of commerce, a president in china. thank you very much for your time today. thanks for watching . ah. when the see deans up in the arctic ocean, marine biologists are researching under water climate change? the changes on not just a warning sign. rising water temperatures are becoming an existential threat for the entire system. kluso next on d. w. a. if you ever have to cover up a murder, the best way is to make an accident. raring to you've never read a book like this. literature list under germany st ah ah, the arctic heim to a giant ocean credits of the old cup or killer whale off the coast of no way.

services are working with e-commerce as well to look at the supply chain and those things are happening as we speak. we can do much more in terms of making sure that parents, school teachers, neighbors are aware the danger of these counterfeit pills because they are a true danger in our communities. sen. supple have some -- sen. hassan: i want to -- we have been working together to get fentanyl permanently scheduled. dr., it was good to have you in new hampshire recently to see the problems we have on the ground as the epidemic of substance use continues as well as what we are doing in the granite state to address the drug crisis. i look forward to welcoming you back again. i want to start by just talking a little bit about the issue of fentanyl precursors in particular. i work with my colleagues to pressure china to take additional steps to regulate a fentanyl analogues and fentanyl precursors, which are the chemical chemical components that make up fentanyl. while there has been a drop in fentanyl trafficking directly from china to the united states we have recently seen a rise in fen

he is at the european chamber of commerce, a president in china. thank you very much for your time today. thanks for watching . ah ah, with ah. b e r c h. in art lovers guide with singapore and how do artists work with different identities? with 30 minutes on d. w. a genetic messenger revolutionizing the pharma industry, m r n a. we can teach the immune system what it shouldn't do. a new technique with limitless potential. what is m o n a really all about pipe or hope? a d w. 2016 as like a bunch of a quick couple. wanted to see if germany was for me the last few years have been quite a ride and brilliant touch with averted on the home when it comes to germany. and of course i always look right in the eyes. birch is, but perhaps the biggest on the new hobby of mine hunger longer approved. i looked to be in the huge bear repose americans. but when you're feeling altogether, you'll realize that culture just another way of living. are you ready to meet the driver and then join me, right? let's do it on b. w. love has no limits of love as for everybody

he is the european chamber of commerce, a president in china. thank you very much for your time today. thanks for watching . ah ah. with a good or evil. how does a candy wrapper from germany end up in a river in malaysia? is basmati just the type of rice or the specific brand? the brain in packaging? why do we reach for certain products? it's all about marketing. made in germany. 90 minutes on d, w. d, w, a. talk show a strong opinion. clear positions, international perspective. every week we get to the point on a current topic with controversial commit it to the point on d, w. and we're interested in the global economy our portfolio d w business beyond. here's a closer look at the project. our mission. to analyze the fight for market dominance. a d w business beyond a ah, ah ah, this is every news live from berlin, deadly crash, a car drives into crowds in a berlin shopping district. before smashing into a store front. police say one person is dead and several others injured. the driver is in custody and there are now reports. he may have.

on "mad money," is innovation alive and well in the bay area i'm getting a read on e-commerce trendsnd transformative tech from a company in the know i have the ceo of adobe. then after announcing his partnership with waymo, i'm sitting down with the ceo of ubeu uber, and splunk is on a mission to manage big data but could it manage all that wall street is throwing at tech that i'm describing so stay to cramer, coming to you from san francisco >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. (vo) hi. we're visible. a new kind of wireless company. started by this company. (hi, dad.) other companies pay for stores. which means you pay for stores. but this is our store. which means you get a single line unlimited plan... for as low as $25 a month. switch today at visible dot com. so, who's it going to be? tom? could be danny. guess it's on maggie. should we have another one? talk to us about retireme

that will drive down some of the accelerated growth in the e-commerce space.: a lot of dots to connect. the state of affairs in the airline industry. shop if i is a company that has grown rapidly -- shopify has grown rapidly, the president have received special voting rights. ♪ jon: this is bloomberg markets. 15 -- went to $5 billion, that is the amount lost by shopify, wiping out billions in market cap. there was a key investor decision on whether or not to give the founder and ceo more control, special voting control that allows him to have 40% voting control. this is something that is not transferable to anyone else. it only lasts as long as he is at the company. we did see investors vote in favor of this move, even though it has been more of a challenging year in the eyes of the markets for shop if i --shopify. kriti: shares have dropped 73%. this voting shares a story is so important because it is the legacy that the founder has had, what we see as the premier e-commerce company, amazon. jon: founder having control in tough times is something that they de

the us department of commerce is studying the possibility of abolishing imports from china, its head,ymond, said. however, if there will be an indulgence, then only in relation to delivery goods, which are least affected by american production. the president asked us and his team to analyze this issue. the process is ongoing , but it all depends on the product category. so we decided to keep some duties on aluminum steel to protect american workers and our steel manufacturing industry. this is a matter of national security. but, for example, in relation to goods for the home or bicycles. the abolition of duties may make sense some minute until all the news. amendments to the constitution of kazakhstan were supported by more than 77% of citizens in a referendum. this is the preliminary data of the cec announced this morning as the voting took place. and why it is so important for the country, the chief of our central asian bureau, robert in france, a large-scale political transformation of the reform complex was initiated by the president, and the son of dzhuma arkaev, in order to enli

mental health and well-being act coming out of energy and commerce.by's committee will have mental health matters education labor health bills, some under suspension. he talked about opioids which will be included energy and commerce part of the bill and he talked about cancer, he talked about veterans, mental health, he talked about cancer and he talked about opioids and all of those issues will be addressed in legislation on the floor next week and we hope much of it will be strongly bipartisan and past. we are waiting prayerfully for the senate negotiations on guns in terms of the writing of the bill so anytime they are finished we will be here to pass legislation. any questions? i think the first question should go to our birthday boy. what you think? he doesn't have a yellow shirt or anything like that. happy birthday. >> very kind of you. [inaudible] >> reconciliation is a senate matter now. we made our views known and that is a closely held negotiation on the senate side. suffice to say we've expressed our interest and the timing when it would

was good to fire, the empire was good for commerce. so these things very much went together and open passage from the far east to europe and the united states. the guns need money. any money in the mountains is open. drug trafficking politics empower the era of empires on out there on me. the ah, what does it remind ourselves, stories this hour, the u. s. congressional committee investigating lawsuit, capitol hill attack has been told the violence was orchestrated by former president donald trump. the panels calling it and attempted to protest as in india and bangladesh, demanding the rest of the former spokesman for the routing b. g. p. nipple sharma was suspended after she was accused of making a slumber. colby on this u. s. defense chief floyd austin and his chinese counterpart way finger have met for the 1st time at asia's top security summit in singapore. the chinese defense minister says he reiterated china's firm stance on taiwan. you can government plan to send asylum seekers to lawanda is facing a legal challenge. london's hig

the us department of commerce is studying the possibility of canceling duties on imports from china wasits head, gina raymond. however, if there is an indulgence, then only in relation to goods supplied, which have the least effect on american production. the president asked us and his team to analyze this issue. the process is ongoing, but it all depends on the product category. so we decided to keep some duties on aluminum steel to protect american workers and our steel foundry industry. this is a matter of national security. but, for example, in relation to goods for home or bike duties, it might make sense mercedes is recalling almost a million cars worldwide due to possible brake problems . on this i have more and more news in the next chat. what will this day be remembered for in history ? hello june 6, 1664, new york appeared on the world map, the city was founded on this place 40 years before the dutch westin companies. she seized lands in the hudson delta including manhattan island in manna hatta. here is what the american writer washington irving said about him, the island of

there could be a triangle chamber of commerce for example, or a similar type organization that markets the at the three corners of the triangle to the rest of the world for business investment. is there any talk about them? the chambers leaders have met from time to time. there is a functioning collaboration among the leaders of the existing chambers, but i think david's right a structure that was more explicitly of the triangle metros could be very very useful many of the things that make this such a powerful region do need support the port of houston constantly in need of upgrading its infrastructure airports, hobby and george and bush in in houston. love and dfw in dallas our own and now bergstrom which is playing a huge role the bergstrom airport in austin now has direct flights to london frankfort amsterdam. it'll be only a short time i think before we see tokyo and and soul on that list or singapore on list, so there is a need for coherent state policy coherent local identification of priorities. as you suggest did we miss a bit by not building a big airport between austin and sa

sdengly, we are critical infrastructure for e-commerce. that is applied to all e-commerce providers. and, you know, we also are being quite selective in some of the, you know, low are kweelding traffic. so the combination of those three things grow around the equality >> just a question for you obviously, with so many of the things you're doing are fedex kpifx, but people look to you to get a good gauge of what's happening in the economy what are you seeing in terms of demand and edges pecktations for demand as we get toward the holiday season retailers have been very up front about how they have excess inventory and are worried about getting rid of that. does that play out at all in the demand you see in let's say, online hopping >> that's a very good question, becky. you look at the results we announced a couple weeks ago, last week. can you see there's definitely volume was pressured in all of our lines of business. so that's reflective of the current environment we're facing you look globally, china went through a shutdown in the april

chinese e-commerce giant j. d. .com which year-to-date has lost 7% but climbed 16% so far this quarter, reporting bad news its annual shopping extravaganza known as 6-18 for june 18 showed slowest sales growth in company history. this is significant, folks, because it's china's second- biggest shopping event behind alibaba's singles day and while the u.s. energy markets are closed brent which trades in london and is the global benchmark for oil prices resuming its march higher and after rallying 43% last week, europe's natural gas futures jumped bias much as 9% today as russia keeps on squeezing the natural gas supplies heading to the european union. as all these headlines converge let's bring in our floor show traders from london we have chief market analyst nyem aslam, and back here, sarge, of course, sarge guilfoyle, great hill capital's tom hayes. european markets, which were open for trade today, had to deal with the same headlines that we're going to deal with tomorrow, so they closed higher, with a backdr

topics included interstate commerce of cannabis, criminal justice reform, and the environmental impact of the cannabis industry. watch friday at 7:00 p.m. eastern on c-span with our free video app, c-span now or online at c-span.org. c-span has unfiltered coverage of the u.s. response to russia's invasion of ukraine, bringing the latest from the president and other white house officials, the pentagon, and the state department, as well as congress. we also have international perspectives and statements from foreign leaders all on the c-span network. the c-span now free mobile app and c-span.org/ukraine. our web resource page, where you can watch the latest videos on demand and follow tweets from journalists on the ground. go to c-span.org/ukraine. >> white house covid-19 response team coordinator dr. jha says vaccines could go into the arms of children younger than five as early as june 21 if the fda approves a vaccine for children in that age group. the coordinator also talked about booster shots and the covid-19 outlook for fall and winter. dr. jha: good afternoon. good afternoon. tod

>>> joining me is the secretary of commerce, gina raimondo. heard secretary yellen say this week she got it wrong about inflation. in july, you told bloomberg that inflation would be temporary, about a year ago. as recently as six months ago you were calling inflation, quote, a short-term problem, not a long-term problem. so, you got it wrong, too. >> yeah, good morning. good to be with you. so, clearly we are and americans are struggling with inflation. but i don't think anyone predicted putin's war in ukraine or various other things that have happened that have been unexpected. i still think we will get inflation under control. we just have to stick with it and see it through. you know, i think it's worth noting that gas prices are up $1.40 a gallon since putin moved troops into ukraine. so, the president and our team is doing everything we possibly can to get inflation under control. the reality is the cause of this inflation is the supply chain problems that were caused by covid we're still struggling with. putin's war is driving the price

as you mentioned, equipment had been stalled for wyatt some time the eu chamber of commerce said thereare several other issues to be worked out the biggest they see is the worker shortage, many of them, truckers, people who work in the factory, will want to come back. pandemic controls is another issue the eu chamber cansee. the line behind me, the testing sites are now jam packed people have to wait one, two hours. what does that mean for your efficiency overall there's a lingering uncertainty in shanghai about whether or not when the government says that these -- that this opening is going to happen, whether or not it's actually going to stick. a lot of that comes down to the government, whether or not there is a surge in cases, will the government clamp down and reverse. >> eunice, we can see the lines behind you very reminiscent in the u.s. after omicron. it was almost impossible to get a test difficult situation there. another question to ask, some of the other big cities in china, beijing, as far as covid restrictions, is that widespread or is shanghai almost a test >> reporter:

the us department of commerce is studying the possibility of canceling the duty on imports from chinaead of the ministry, jean raymond. however, if there will be an indulgence, then only goods at the rate of which have the least impact on american production. the president asked us and his team to analyze this issue. the process is ongoing, but it all depends on the product category. so we decided to keep some duties on aluminum steel to protect american workers and our steel foundry industry. this is a matter of national security. and here, for example, in relation to household goods or bicycles. the abolition of duties may make sense on this i have more and more news in the next chat. new stories about the courage of the russian servicemen who are participating in the special operation to protect the donbass, senior lieutenant artem ivanov from the first days of the special operation personally supervised the work of the anti-aircraft missile crew, performing the task of destroying enemy air targets, the crew under the command of ivanov destroyed the u missile and two attack drones.

amazon is not the only e-commerce name thinking of splitting this summer.omorrow shopify voters will vote on their 10-1 split it will be interesting but shopify, that split says stock would be about $35 a pop which is much lower than the median share price in the s&p that really goes to show that some of these splits were thought of during much better times, if you're along in the market >> true. let's focus in on amazon for a moment this is really an important moment i think for andy. i don't want to say defining moment but both of these guys have left as ceo world wide consumer, jeff wilke over a year ago kind of on par with andy and now david clark took that position, he's leaving both of those guys have been around at amazon since 1999. just a little less than andy how does he handed their departures who gets those jobs? you have to do that in way so you don't get people who get passed over leaving. they are caught in these cross currents still believing that's the future. what happens next, who gets elevated and what the message is going to be importan

commerce secretary says partially ending some trump-eric tarriffs may make sense to help tame inflation. travel and tarriffs drive the narrative apps we see this china bounce drive higher. we start with a pro risk narrative this morning. dani: it feels like an even keel when it comes to risk assets. central banks are said to hike, this does not include the ecb. let's get to that risk story, looking at china stocks opening higher. they are coming off of a long weekend, they are up one and a half percent lead by industrials and materials. that gets to this idea of travel coming back, the s&p 500 futures are up .5%, euro stoxx futures going higher as well. playing a little bit of catch-up. u.s. stocks did end lower friday after strong payrolls numbers, but a little bit of bounceback this morning. manus: i have it on good authority a lot of cake was eating over the weekend. dani: indeed. manus: we will come to the mliv survey in a moment. it is amazing how our viewers are more concerned over where rates end up than they are over qt. china stepping back from restrictions, the saudis raising

a lot of it depends on the state and there is federal protection called the protection of lawful commerce in -- act. it was packed -- passed in 2005 it limits the amount of liability that gun manufacturers and sellers can have when a third-party uses a gun to cause harm. what is essentially done -- did in 2005 was cut off most lawsuits against that kind of farm. we have seen in recent years is that a few lawsuits have been successfully able to get around that barrier by relying on some statutory exceptions built into the law that allows lawsuits when there are allegations that the manufacture have violated the law. that is what we saw in the sandy hook case, those cases have been getting around the federal barrier but it still stands as a pretty large barrier to most lawsuits trying to recover for these kinds of harms. host: if someone attempts to sue a gun manufacturer, how successful are they? guest: fairly unsuccessful if the claim is arising out of someone using that gun to cause harm. i will give to scenarios. one would be if i just buy a gun and say malfunctions and it explodes in m

whatsapp is really the next chapter with business messaging and commerce being a big thing there.rse and all the commerce and digital goods around that, that's going to be a really big leg of our business, especially over the next several years as we get into the second half of this decade too >> i know you talked about how it's going to take a long time what i saw last night when i consider the creators who you are giving a break to until 2024, they do it on their own, i felt it would be faster, but it also concerned me because we have talked about this before. inequality, don't want a situation where there are people who are disadvantaged because i think the educational concerns, i think the industrial, i think that the music, i think entertainment, i don't want it to be lopsided and i'm sure you don't either that's not been the things you do, mostly behind the scenes how do we be sure we have equality in the metaverse? >> yeah, let me hit both of those points so we're very focused on making sure that we get a wide base of creators building these experiences. this can be a diver

there is a sense of urgency, with the commerce secretary. we need to move that into legislation.opean chips act so we can build a lot of capacity. the industry will have to double the total semiconductor throughput within the next decade. great opportunity to build on the right places. jack: are you optimistic that can happen? cristiano: i'm worried about it but hopeful. jack: we had a jump in demand and crimp and supply. which problem is bigger? cristiano: the majority of what we saw is demand driven. the pace of digital transformation is happening very fast, accelerated by the pandemic. the way to think about it is if this was semiconductor consumption this is what we are talking about. the car model you by today has semiconductor, one is coming, we need more. jack: the commerce secretary said it would be 2024, maybe 11 months into the job as ceo and you might have this problem solved by 2023. what are you doing? cristiano: we acted early in the process. early in the supply chain crisis. we co-invested with manufacturing partners and build more capacity, redesign our products t

jack: the commerce secretary out of the 2024th before we straighten out. you are doing better at qualcomm. 11 months on the job as ceo and this might be solved by 2023. what are you doing different? cristiano: we are to early, very very early in the process into the supply chain crisis. we took a lot of staffs, co-invested with manufacturing partners to build more capacity, we designed our products to make use of every capacity available out there. having said that i have more demand than supply for my chips. jack: give us a look into the future with automotive. though in car experience has gotten better thanks to chips but in the future cars will be talking to each other, the stoplight, the parking space. what are the cool things down the road? cristiano: it is a great opportunity not only to make transportation more efficient but also make it more safe. there is this technology we develop called 5g cv 2 x. you sell more connectivity in every car, the v 2 x means the car connects to another car or pedestrians or infrastructure. the last piece, the traffic