this is the 1st black chamber of commerce in america. it was the chamber of commerce. it was set up in the aftermath of the burning down of black wall street. as i tried to rebuild, he said, i, i don't, i joe biden. no, no, talk to me about that. i mean, obviously that reasons in your business can be, can be difficult. but if you're talking about racial justice and you're talking about economic inequality, even perhaps a local chapter, a black lives matter and the local black chamber of commerce, the 1st in the, in the country might be, might be consulted. you might think, but this is what you're good, will be quibbling, but it does, it does reflect how all this entire commemoration has been in some ways because throughout and i've been to competing facts and that has been the grassroots community community group schools, justice agreement, which has been organizing its own events over the last few days with the involvement of survivors. and we've been covering those. and then there's been this alternative group which is called greenwood rising. lovely low grades and th

leaders, the head of the greenwood chamber of commerce, this is the first black chamber of commerce in americaas set up in the aftermath of the burning down of black wall street. he said i have not talked to joe biden. obviously there are other reasons. but if you're talking about racial justice and economic inequality, the local chapter of black lives matter, the first in the country, might be insulted you might think. but it does reflect how this entire commemoration has been in some ways, because throughout there have been two competing factions. there has been the grassroots community groups called justice for greenwood, which has been organizing its own events over the last few days with the involvement of survivors, and we have in covering those. there has been this alternative group called greenwood rising. they have raised $30 million for a huge new museum, and they have had no input from the survivors. the piece to resist on's for them was supposed to be a big concert for them monday night with john legend. it did not happen because slowly people began to realize, including john legen

local chamber of commerce, which is actually about, you know, this is the oldest chamber of commerce in america. it was saying that the so much money pouring into this neighborhood right now because of the collaboration $30000000.00 for this. this new museum will $20000000.00. so sorry for this new museum. and actually i think it might be the opening night. everything talk also, leach, now beginning to gather before they, before they go in. and yes, the group that was behind this public memory issue. this is the black, blue street greenwood rising scenery, exhibition. i mean have nothing to do with the survivors, all the black community that probably develop it's clear that's what's happening right now is quite open about it's what they're trying to do here isn't create some new understanding of racial injustice. i've to try to involve the black population who is moved to north tulsa from greenwood, also them africa. but while they're trying to do is gentrify this neighborhood and make it an area of social tourism for guilty, white people and others to come and think about racism really. so the

commerce secretary gina raimondo speaks about u.s. trade priorities in central and south america and improving competitiveness around the globe. this recent event was part of the washington conference on the americas. >> she's a former governor of rhode island and held other senior positions in government. she somehow found a way to conquer the state's $7 billion unfunded pension liability. she has a doctorate from oxford, a law degree from yale. she graduated with honors from harvard. she has private sector experience in financial markets. madam secretary, suffice it to say, to go through your entire biography, we would be here all day because it is that impressive. i suspect you would prefer to get into the conversation. ladies and gentlemen, let's get to it. please welcome me in joining the 40th u.s. commerce secretary gina raimondo. >> thank you. good afternoon, everybody. can you hear me ok? thank you to susan and the council of the americas. it is terrific for me to be here with you. i come to the position of secretary of commerce with private sector background for about a

. >> melly they lead the e-commerce eco system in latin america.tuff. "the exchange" is now. >>> thank you, scott hi every one i'm kelly evans. breaking up big tech as washington sets the stage for a crackdown, forcing facebook to split with instagram be a punishment would it unlock more value we'll dig into that. >>> will the push for green energy send oil prices soaring we'll tell you who could feel the pinch. >>> elon musk likes bitcoin, at least for today. we have all of that ahead. we start with today's market d o

. >> melly they lead the e-commerce eco system in latin america. good time the buy. >> joe >> landstar. industrials. >> john. >> unity software. symbol u bought it during the show. >> good stuff. "the exchange" is now. >>> thank you, scott hi every one i'm kelly evans. breaking up big tech as washington sets the stage for a crackdown, forcing facebook to split with instagram be a punishment would it unlock more value we'll dig into that. >>> will the push for green energy send oil prices soaring we'll tell you who could feel the pinch. >>> elon musk likes bitcoin, at least for today. we have all of that ahead. we start with today's market d o m is here with the number. >> they mean like bitcoin but they don't like the market so much overall today you can see the losses right now are fractional with regard to the dow industrials just down 267 points one-third of 1% downside 42.33 the last trade there record highs we did set on friday not too terrible in terms of context overall. if you look at one of the big macro trades playing out, you mention the

commerce. it's who's to blame game in america's labor shortage crisis. republicans say it's expanded unemployment benefits. democrats say wages and salaries are too low and both agree. it could also be hard to find child care, but there is one more reason they all are missing. do not come do not come. the united states will continue to enforce laws and secure our border. there are legal methods by which migration can and should occur. weeks ago, vice president comma le harris was adamant that immigrants try to cross the border or enter the u. s. should stay where they are. but immigrants, specifically skilled immigrants, or what american needs. now more than ever. here we are in an empty dining room and normally for lunch, we would be open and serve in a couple 100 guest mac k own sea food restaurants and a c food distribution operation. a 3rd of the staff are seasonal visa workers with visas are backed up in the approval process. stemming from covert 19 has tried but come up short and hiring american workers this year because of our staff shortage, both with us workers, but also workers from ove

in america. growing your own economy. maintaining our tech logical edge. making critical supplies in america. manny: that's the u.s. commerceretary there speaking exclusively with david westin. coming up, we'll get back to our guest host and dig into some of the breaking news headlines coming across the terminal from china. this is bloomberg. ♪ manny: bloomberg day break. ed smith is our guest this morning on markets. we just heard from the u.s. side on the upcoming trade discussion. ed, i'm drawn to what china has announced this morning. they are going to release reserve copper, aluminum and zinc. another rounched trying to stamp out to inflation spiral. how important a marker in the ground is the inflation narrative on the global inflation stage? ed: well, we don't think commodity prices are actually a huge determinant of global inflation. there has been a specifically insignificant and in fact negative correlation between commodity prices and consumer prices, negative -- they do feed through to input costs to manufacturers and we have seen rates go through the roof but that don't necessarily float to consumer prices. we'

in partnership with my wife arlene and my daughter tierra. 2015 we are recognize sba nevada business of the airport currently i chair the las vegas urban chamber of commerce cochair small business for america'sure, serve as a trustee for the las vegas chamber of commerce and cochair for the henderson chambers issues committee. i'm extremely engaged and involved in my small and minority business community. today i'm here to speak directly to investing and america's tourism and hospitality workforce board and a small business for anyone to think senator rosen true small business champion for this opportunity to address the part after serving a decade in the military work for gaming and hospitality family-owned small business casinos in nevada as a marketing director. this is where i connected the dots between workforce in small businesses. not only did we hire thousands of employees with growth for a local small businesses also benefited from our needs to procure products and services. we purchase balloons, tasers, signage and many products and services from local small business vendors. the las vegas strip casinos produce many jobs and procurement opportunities for small businesses. but, i kn

in america. the chaum bmber of commerce saie labor shortage is getting worse by the day. fill the jobs. now many pin the blame on enhanced jobless benefits. i mean why look for a job if you're making money out of work? right? maryland now the 25th gop led state revoking the checks for the residents. maryland has one of the highest unemployment rates of states stopping benefits at 6.2%. look, there are two clear trends here. in education and health care, teachers and doctors are quitting and retiring after a year of vcovid-19 in helln hospitality, benefits allowed young workers the breathing space to retrain for jobs in tech and finance. not going back to that industry. and as minneapolis federal reserve president told many i had colleague poppy harlow, women here are key to the recovery. >> we have to find a way to bring them back to work. it's about fairness for those women and families. but it's also about our economic potential as a nation. >> america down 8 million jobs since february last year. >> now to a cnn exclusive this morning. an american impresideisoned in a

investing in america, growing our own economy, maintaining our competitive technological edge, and as we started talking about, you know, making critical supplies in america. anna: the u.s. commercetary speaking with david westin. we are getting movement coming through on chinese equity markets. they have been sluggish through the earlier part of the day but that continues to be a theme. down by 4%. now retreating from that, down by 3.8%. there we go, up-to-date price, down by 4%. turning to the metals market, and let's stick with the china theme. the countries regulator is ordering state firms to curb overseas commodities. beijing is pledging to release the nations base metals reserves. joining us is bloomberg's chief asia economics correspondent, enda curran. what is the significance of this kind of development? we have had a lot of messaging from the chinese government that does point to its unhappiness with higher commodities prices. enda: yes, indeed. it does seem like they are starting to put some concrete steps around that recent rhetoric. on the one hand, state owned enterprises are going to have to restrict their exposure to overseas positions and they are going to have

i strongly support the energy and commerce provisions in the invest in america act. i'd like to speak briefly about the surface transportation side, an amendment i have in there adds a goal to the replacement rehabilitation program to increase the resiliency of bridges including with standing disruptions from seismic events. the pacific northwest is due for a major seismic event and our communities need to take steps to make sure our infrastructure can withstand the disasters. this will ensure projects focused on seismic resiliency are prioritized when they submit applications. my district, interstate 205 is set for a major retrofitting to mitigate the awful congestion many of our communities currently face. one of the key exones of the project is to retrofit the abernathy bridge to make it seismically resilient. it will be essential in the event of a major daster to coordinate supplies to affected oregonians. i'm proud to offer the amendment and yield back my time. the speaker pro tempore: the gentleman from pennsylvania is recognized. >> thank you, mr. speaker. i'd

commerce. according to the national retail federation. it's the fastest pace in america since 1984, the reopening of the u.s. economy has accelerated much faster than most had believed possible. even a year ago. ups says it is exploring the potential same day delivery option, the company ceo is testing the concept not offering up much to tells ups says the company doesn't comment on pilot programs. it comes as the acceleration as we just mention of e-commerce has pushed retailers to add more curbside in same day delivery options. >> much more coming up here during kron 4 news at 08:30pm, tonight. used car prices have hit a record high will explain why the industry is seeing the spike also get a shot and score a seat. the oakland a's are offering free tickets to the game. if you're vaccinated. plus hot weather is on the way for this week. our meteorologist mabrisa rodriguez is going to tell us when those triple digit temps will arrive as we track of drought and wildfire conditions. you're watching kron. 4 news and we will be right back. >> welcome back, everyone. if you a

in america. it feels more and more like the center of commerce is not only shifting online, but also is happeningannounced a lot of things yesterday at unite, they were really aimed at these major platform investments, our largest to date the idea really was to advance that internet infrastructure and give merchants more flexibility and more opportunity to present they are brand uniquely. emily: you also expanded partnerships with google and facebook, in the meantime when you mention the center of e- commerce, a lot of people think of amazon. here is what your c.e.o. told me last year about shopify relative to amazon, take a listen. >> amazon is trying to build an empire, what shopify is trying to do it, trying to go and get to roughly that equivalency through all sorts of different means. emily: harley, do you think the rebels are winning if there is an attempt to sort of disrupt the amazon empire? harley: very much so. if you think about consumer's favorite brands, emily, think of your favorite brands, most of those brands if not all of them are powered bishop if i. we want to make it possible

chamber of commerce cochair small business for america's future, serve as a trustee for the las vegas chamber of commerce and cochair for the issues committee. an extremely engaged and involved in my small and minority business community. today i'm here to speak directly to investing in the tourism and hospitality workforce and a small business and i want to thank senator rosen, a true small-business champion for the opportunity to address you. after serving in the military, i worked for the family-owned small business casinos in nevada as a marketing director. this is where i connected the dots between the workforce and small businesses the small businesses also benefited from the need to review the products and services and we purchased balloons and many products and services from local small business vendors. the las vegas casinos produced many jobs and procurement opportunities for small businesses. but i know that many of you outside of nevada may not realize that there are small casino operators like henderson, rainbow with my friend tim brooks as the owner and in north las vegas. despite being the entertainment capital of the world and destination, in particular in south

in the qanon circle. it's just bizarre and dangerous. mike warren, thank you so much. >> reporter: thanks. >>> big warning from the u.s. chamber of commerce. the warning is that america is facing a worker shortage crisis. it's real, it's urgent, and it's getting worse by the day. >> let's bring in cnn business correspondent alison kosik to talk about this. what are the words from the chamber of commerce ceo about it? >> reporter: the ceo of the u.s. chamber of commerce saying the worker shortage is real and it's getting worse by the day. the organization announcing a nationwide initiative today to address the worker shortage in the u.s., calling this a crisis, saying it's the most critical and widespread challenge that businesses are facing. so, as we see the economy emerge from this pandemic, we're seeing unemployment still higher than it was pre-covid but many businesses say they still can't find enough people to hire. it's happening at a range of industries, you name it, from restaurants to construction to manufacturing. economists point to a mix of reasons why this could be happening. for one, they say people could still be afraid to go back to work because of co

commerce. alix: congratulations on the new gig. two thirds of the revenue comes from europe, one third from north america. how quickly do you grow those segments? mark: inms of organic revenue we are forecasting 8% to 12%. that is organic. that is pricing power. that is volume growth from e-commerce, which makes up 14% of our revenue. the right place at the right time. when it comes to thinking about the organic growth opportunity, i think we are focused on the organic side because there's so much to play for. on the inorganic side it is rare to have our scale in the market with the second-biggest contract logistics player in the world. we can be a consolidator in this space. we have a balance sheet to do it if the right multiples come along in the right opportunities present themselves. it is an organic story and in inorganic student -- in inorganic story and being done at high returns. guy: you acquired k&n's contract business recently. should we talk about this idea you can do organic and inorganic? mark: the market is so fragmented. when you are as big as we are with 900 warehouses and about 100,000 employees, you will always run a bulldog type deal

. ♪ >> the pandemic forced one of latin america's most dominant e-commerce platforms to react quickly when they shut down and consumers moved online. inweek we tell transformed segment, we spoke with -- the ceo about the company's growth and the future of online shopping. >> i think the outlook for the company continues to be the same, regardless of the pandemic. we believe we continue to grow. total commerce, we will finish 2021 slightly north of 10%, maybe 12%, but still relatively low, compared to the u.s., the u.k., or china. so we believe e-commerce will continue to grow. hopefully stores will reopen and life can go back to normal, and e-commerce can grow at the rate it was before the pandemic, close to 30%. >> not a 100% we saw over the past year? >> exactly. i think that accelerated our growth, moved us forward maybe three years. but i think once everything reopens, we will go back to the growth rate we had before the pandemic. we will continue to grow faster than online service. >> you run a marketplace, you provide payment networks, what is next? >> that is a lot. we still need to do many things in those areas. in e-commerce,

in our free market the movement is to stay on the sofa. a lot of people just aren't coming back to the work place. you know the chamber of commerce launched this initiative, calling it americae. calling it "operation warp speed" for jobs but i know it is politically incorrect but already we've seen searches in jobs in the states cut unemployment insurance, there was a spike. now it has gone back down. you hate to say it, it doesn't sound right. have we got to the point we created a bunch of people who don't want to go back to work, brian? >> i think for as long as the benefits last i think that is going to be true. this was, this has been a disaster. i'm not a afraid to say that word coming from march 2020. shutting down a free market economy like we did, destroys information, destroys supply chains, destroyses businesses, people's life work, all of that. we still are having reverberations. then when you go in and throw trillions and trillions and trillions of dollars to people to not produce, remember they want to spend to buy things that they're not making. so what we end up with is shortages, inflation, people literally sitting on the couch. it is a disaster. it is go eg

going to lose all of the trade with america that france would gobble up postwar commerce and that it might be ruined the longer the war continued, so there were some in england who were pushing for a negotiated settlement. in fact immediately after saratoga, when the head of the war ministry, the prime minister, learns of saratoga, he proposes a negotiated settlement referred to as the north peace plan of 78 and he sends the commission of diplomats known as the carlisle commission that came over to 1778, and they were authorized to negotiate a settlement and what clinton or lord north was willing to accept was essentially everything that the first continental congress had asked for on the eve of the war with one exception, and that was independence. north would not recognize that he was willing to let a continental congress remain. he was going to give the americans greater autonomy and on and on that the first continental congress had asked for, so certainly even right up to the pinnacle of power in england, there were people who were willing to accept and negotiate the settlement. >> thank you. your answers have been thoughtful. the book is extensi

america. the u.s. chamber of commerce sees a pattern tied to the extra $300 a week in covid air unemployment benefits.we just went out and survey of the unemployment to see where they are not returning to work, 16% said they are getting enough benefits from unemployment and other stimulus checks, they don't feel the need to return to work. >> the labor secretary disagrees. the unemployment benefit is not actually keeping people out of the workforce but supporting families out of work. >> the extra benefits are here to stay for now. speak with a temporary boost is slated to now expire in 90 days and as the president said, that is appropriate. >> brian, the director of national economic council supply issue changes will be short term. >> as the economy recovers, we are seeing supply chain bottlenecks, mismatches between supply and demand. >> almost exactly one year ago president trump predicted a faster recovery. >> we have been talking about this is a rocket ship. >> the current president cautioning it may require patients. >> you cannot reboot the world's largest economy like turning on a light switch

in welcoming the 40th u.s. commerce secretary, the honorable gina raymundo. >> thank you. good afternoon, everyone. can you hear me okay? great. thank you, and thank you to susan and the could be semiof the americas -- council of the americas. it's terrific for me to be here with you. as eric just said, i come to the position of secretary of commerce with private sector background for about a dozen years. i was a venture capital investor with a focus on health care, and then for the past ten years i've been in public service in rhode island, most recently as the governor for six years. and it is just, it's exciting for me to be on president biden's team. he is, he is setting a breakneck pace for the rest of us to try to keep up with, but frankly, there's a lot of work to to do. and i will say, as you know but it's important that a you hearing you know, from me, is the president is deeply committed to sustained engagement with our partners throughout the western western hemisphere to advance our shared vision for a future that's democratic, middle class and secure. and the overarching goal is to support prosperity, safety and the democratic region where the united states can partner with countries

amass modernization in greening of america's infrastructure to spur commerce and reduce emissions. and investment to make housing and education available to all and the list goes on. we need to make these investments at some point and now is fiscally the most strategic time to make them. we expect the cost of federal debt payments will remain well below historical levels through the coming decade. we have a window to invest in ourselves. in fact, this budget is both fiscally strategic and fiscally responsible. it pays for itself through a long overdue reformation of the tax code that will make it fairer. without touching the vast majority of americans, those who earn less than $400,000 a year. there are tradeoffs in fiscal policy but this, a fairer tax code for a structurally sound economy is not one of them. with that, i'm happy to take your questions. >> thank you very much secretary yellen. and a fairer tax code for structurally sound economy sounds like a pretty good deal for the american people and thank you for your leadership. first, secretary yellen, i appreciate the presid

in america's schools? we'll explain the truth about what critical race theory really is and why they want to ban it? with e-commerce that runs at the speed of now. next day and two-day shipping nationwide, and returns right from the doorstep. it's a whole new world out there. let's not keep it waiting. iit would be cool told ride a horse on the moon. two out of three guys experience hair loss by the age 35. kind of scary. that's why i use keeps. keeps offers clinically proven treatment, and the sooner you start the more hair you can keep. get started for $1 a day at keeps.com. >>> the georgia state board of education passing a resolution that blocks the teaching of critical race theory in k through 12 classrooms. georgia's governor supports the ban and gop lawmakers across the country are taking similar action, calling critical race th theor theory divisive and anti-american. cnn's adam phillips explains what the theory is and why conservatives want to ban it. >> reporter: schools are caught in the crossed hair of how race is thought in schools. >> why would you include people to talk about race. that baffles my mi

commerce is the great job, but you're not the president. why did you decide when the president asked, to do this? sec. raimondo: because i wanted to be on the team that helps america build back. inways, we are really struggling right now, and -- as a nation, as an economy, and i want to be on the team that gets us back on our feet. and that was very appealing to me. david: you mentioned briefly your business background. you were governor, you were treasurer. but you were actually in the venture world, i think. sec. raimondo: yes. what was that that you did? you started your own venture fund? sec. raimondo: yes. for about 11 years, i was in the venture capital business at first at a firm and then with the cofounder of pointe judas capital. we were an early-stage venture firm. i focused on health care, which i loved, actually. and that experience enabled me to be a better commerce secretary. i know entrepreneurs, what it takes to have innovation. another thing that we run here is the patent office. that's in commerce. i saw that strong patents matter in order to protect innovation. david: now, secretary of commerce is an unusual position. you have so many different parts of the co

. >> kayleigh: americas worker shortage now a full-blown crisis according to the chamber of commerce. the organization says it's due ineo suzanne clarke says "to the worker shortage israel" and getting worse by the day. american businesses on every side across every industry and in every state reporting on unprecedented challenges selling open jobs. the worker shortage in a national economic emergency and an imminent threat to our fragile recovery and the right resurgence. this past march job opening surge to a record 8.1 million, the chamber reporting some states had more jobs open and available workers. john, starting with you i want to play a sound bite here of president biden, here are his thoughts on what the crisis we are facing. >> i know that there has been a lot of discussion since friday's report that people are being paid to stay home rather than going to work. we don't see much evidence of that. that is a major factor. >> kayleigh: no evidence, 8.1 million jobs open and half of the available workers spread your thoughts? >> john: i run an automotive logistics company in detroit and recognizing the crisis w

america, convey our disappointment over the government of nigeria announcement. suspending twitter funding systems of expression is not the answer. these measures inhibit access to information and commerce and some other politicians who in turn got ideas. twitter noncompliance with our rules will lead to unintentionally consequences, including twitter losing exemption from liability as an intermediary the information most time, even if it appears very attractive candidate to a foreign state. how to live, how to interpret historical events, what movies to watch or what music to listen to. otherwise, instead of freedom of speech, it becomes a dictatorship of opinion for sole purpose. and perhaps more efficient should take a closer look at nigeria handling this. because if banning a president over an opinion somehow made it into twitter as definition of free speech, we all need a lesson in how to deal with big tech tyranny. twitter has no business deciding on what geo political figures have to say about anything because they're not. they're not informed enough to do so. they just are responding based on their own political prejudices. with very little knowledge about what the situation involve, especially in nigeria, twitt