it would suggest that the durban amendment didn't. is that what it says. >> yes that's what that study would say. that's what the facts in the study would say. now figuring out how exactly price changes are passed on that's a complicated thing, and the durban amendment it's been a long time ago. but that in fact is a study. >> i want mr. kantor if you can briefly respond. so unless one here i might be able to indulge the chairman a bit. >> two quick things. one of the federal reserve bank of richmond, they made clear actually that it does not say what some of the credit card industry says. their study was a survey, it didn't look at any actual economics of what's passed through. they just did a survey. so it cannot be relied on whether was pastor or not. and they had biased issues that they flight in their survey. >> would it be fair to say though that 99% that it may have been an unhealthy amount that can go back to consumers. >> no because they also asked the question wrong. merchants don't set the prices by saying hey this cost wen

then for twitter itself, durban going to remain a busy man interestingly, he didn't get enough votes board. they had their annual meeting. but the company is going to keep him anyway durban has been a busy man i talked about him yesterday because he along with michael dell were the main owners of the mware and the main negotiators for vmware, so to speak, given they combined on 50% of the company with oktan of broadband. durban sits on i think six other boards that was the reason why many of the proxy advisory firms told those who vote to vote against him. that's why he didn't get enough votes to stay on the board however, the board has determined not to accept his resignation in connection with the agreement. the board considered the recommendation of the nominating committee and everything else but said that basically they still feel like in light of his overall contributions to the board they're confident he has sufficient capacity to fulfill his fiduciary duties he's an important part of that board, durban. you want tough guys on the board in case you go to litigation, which stil

receiving enough shareholder votes for twitter is egon durban he has tendered his resignation from the board which is not decided whether to accept it it should be noted that durban is a long-time associate and backer of elon musk. >>> separately, twitter reaching a settlement with the department of justice over alleged misrepresentation of the data privacy practices between 2013 and 2019 >>> the s.e.c. revealing new rules to prevent misleading claims by esg funds. the proposed rules would enhance disclosures by the funds come amid growing worries that some funds are looking to profit by esg investing by misleading shareholders the proposed rules would be subject to public feedback i imagine there is a lot of feedback on that so many people feel this is an issue. >>> and apple plans to keep production of the iphone flat this year according to bloomberg. the company is asking suppliers to assemble 220 million devices. the same as last year. the reported move comes as apple th is facing a challenging market the suggestion of the newest iphone is facing delays with the covid lockdowns in

demonstrions at supreme court justices' private homes, one of the top democrats in the senate dick durban done as well. what is your position on these demonstrations? >> well, i certainly don't think that they're effective in persuading judges. in fact, it might further alienate them from a particular cause to be that aggressive. i think our judges, the men and women on the supreme cou, are really the embodiment of our highest and best judges are very thoughtful about how they look at the information. they look at the record. they make a decision. i've read a number of their decisions over time. and i think we want to keep that in the intellectual realm rather than drag them further into the political realm. >> shannon: let's talk about the economy that continues to poll as the top concern for americans across the board, across party lines, backgrounds, ages, all of that. there in denver specifically, they have got an inflationary payment above the national average that is already pretty toh for folks. the seventh highest among u.s. metro areas. take a look at some of the numbers that you

been some severe damage to buildings in durban, a capitol of casino natal province with officials calling for people to remain in their homes. floods are just a month after the regions, worst floods and landslides and living memory killed more than $400.00 people. heavy rain is expected to continue until monday. ah, good look at the main stories are following this hour and iran's revolutionary god says one of its members has been assassinated. i send said to her die was killed in his car outside his home into iran. he was shot by men riding motorcycles. he wasn't breaking in syria along with the iranian advisors on the troops and groups allied with iran over there. so that puts this assassination in the, in a different context than other assassinations that took place in the past. previously, most of the assassinations that happened in toronto over the past decade were related to the nuclear file. this is probably the 1st time that unless a solution is related to iran's regional policies. heavy rain has triggered devastating flooding in south asia. at least 2000000 people are displaced in

been some severe damage to buildings in durban, a capitol of quizlet natal province with officials calling for people to remain in their homes. floods are just a month after the regions, worst floods, and landslides and living memory killed more than $400.00 people. heavy rain is expected to continue until monday ah could look at the main stories of following this hour and iran's revolution.

the twitter shares up 6% pre-market >> that was iss that recommended voting against durban. what is the issue? they said it was being overboarded with the time commitment to be an effective board member it has increased in recent years. they didn't think he would have the time commitment. it is unusual you see adirectors >> especially wihen the ceo is about to be overcommitted. >>> when we come back, we have insight over the plans from the fed to hike rates. >>> coming up in the 8:00 hour don't miss the interview with former house speaker paul ryan you are watching "ua b" sqwkox and this is cnbc posh vir rece nist. e'll make sure you never miss a call or an opportunity to grow your business. you can't be in two places at once, let posh answer. posh virtual receptionists. you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire fsd pharma is developing new treatments for neuro and minflammatory

we came out supply chain come under stress on our floods in durban. so that's an example of concentrated supply chain that perhaps needs to be done by the time be pulling the action last year. now saying they want to look the cobalt in time. yes, we could see that supply chain which is what we need, right? you don't want to rely on one country, one single supply chain, and we given the amount of opportunity that we're talking about here for both african governments and perhaps some other axes here. is there a greater risk of it? say labor law is all good labor practices might be flouted or that we might see increase political risk in some scenarios. mean a lot of your ryan in mining activities across the continent in which i mentioned, you know, that being concerns about people getting paid, you know, the right wages about child labor that you know, there's also about to which i think the reference b, which is going to kind of sort of graphite, the tesla. there's also concerns about an insurgency. so they're all sorts of political risks. labor, low ri

if we focus on south africa durban, it's looking good with the high 23 degrees. and same goes for cape town, pretty much spot on for where you should be this 100 the year. ah frank assessments, what are the political risks, robotic russian, oil, gas for western leaders, all sanctions on russian never jack, sports telephone was informed opinions. france is not abandoning to fight against jedi, still resumed media debt, going to be acting from nisha and from chad critical debate. could china actually help in russia's invasion of ukraine in depth analysis of the days global headlines inside story on al jazeera lou? ah, welcome back. our top stories on al jazeera president vladimir putin has told his soldiers in ukraine, they're fighting for the security of russia. thousands of been marching in moscow's right way on. the day of russia celebrates massey, germany surrendered to soviet troops in 1945. ukraine, surprised and marked a sombre victory day, suggesting russia's invasion is equal to that of nazi germany. brought me. lensky says evil has returned to craig in a

activist when a friend of mine linen i do was kill together with 3 young women from my home city durban. and i had to think about the last conversation i had with him when we are fleeing into exile in different directions. we asked me the question, could me, what is the biggest contribution you can make to the cause of justice? and i said giving your life and he said, you mean going, getting shot and killed and becoming a matter said, i guess so. and that was what was happening until after came the eighty's, when he asked me that question. and then he said, no, that's the wrong answer. so it's not giving your life but giving that rest of your life. and when he died, i had to think about that. and in that is a wisdom that says the struggle for justice is a marathon and not a sprint. and people might forget that when nelson mandela was fighting the good fight, he was the wild when button or the king rosa parks, martha and the many others. at the time they stood up for justice. they were divided, but history been records that in fact, they were precious assets that humanity created. so i w

people to leave their homes along the countries east coast has been some severe damage to buildings in durban, the capital of cars in and it's our province with officials calling for people to remain in their homes. floods are just a month off of the regions. worse floods and landslides and living memory killed more than 400 people. anthem albany, he has been sworn in as australia's new prime minister is victory in saturday's election and almost a decade of rule by the conservative coalition, led by former leader scott morrison, albany. he has promised to take a climate change and the rising cost of living and had been down of garden as is steeped in history for years. people have been struggling to make a living that's after algeria closed its border because of political instability and conflict and libya is malik, trainer, explains, the pearl at the desert could soon see a change for the better. deep in the libyan desert lies the city of adamus, the ancient town at its heart is the eunice go world heritage site. the 15000 people here have long traded goods without diarrhea and welcomed its

in 2018, when musk tried to take tessa private, silverlake and durban were the names that backed him on that transaction. we also got confirmation that jack did not seek reelection. a moment in history for twitter. the first time in the company's history with the cofounder does not sit on the or employee. we have updated findings drop the course of the day from elon musk. he is up to the equity portion for this bid. reducing the margin low. he also says he is talking to existing shareholders. including jack dorsey. potentially having some of those additional shareholders roll their shares over into a pipe -- private equity. manus: he gets all the good gigs. all the tech gigs. some breaking news headlines. this is from the parent -- prime minister. a week year leads to high prices. some moves are not desired. this goes back to the bank of japan. some governors have talked about this. dani: it is all about the volatility. i would just point out that we did see a trough in the yen and the dollar. this is very much so dollar story. something we have been debating that has fallen this mon

times windy weekend for cape town, 18 degrees on saturday, but the sun's out and kazoo, luna, tall durban, looking good with the high of 25 degrees on saturday. enjoy, that's it, that's all see soon. ah, ah, ambition, artistry adventure, short documentary by african filmmakers from beneath kenya and algeria. billy allan minium village throttle queens. this is really good to let her hair down and the cane africa direct. on al jazeera lou. ah, you're watching all the 0 a reminder of our top stories this our texas police say they made the wrong decision by not immediately entering a classroom where a gunman had barricaded himself. they've been criticized for waiting more than an hour before confronting the 18 year old killer. 19 children and 2 teachers were killed in tuesday's master. the governor of texas, greg abbott, his expressed anger over the way the police handled the shooting. he says he was misled about their response. it was said initially that a school resource officer engaged the gunman outside the build grease, his accuser on a piracy. after it ceased to greek oil tankers. iran

twitter shareholders voted not to reelect to the board egon durban twitter paid $115 million to settle filed by by the doj realleging twitter misrepresented to its users. >> this is all interesting but especially to me this part about trying to get existing share olders to hold onto their stakes first he says i'm going to give you 54.20 a share. you'll probably like that's a lot of money an especially happy about it now he's saying, no, too many bots i'm not sure by the way, will you not cash out at all and i think it's worst less than what i promised to pay you any sense of what i might go for? >> what i think was interesting is twitter shareholder meeting yesterday, they wouldn't answer any questions about the deal all they said is we are moving forward with the terms originally discussed he's just trying to figure out the financing for him having jack sdorsey hold on the his shares he gets jack dorsey feeling invested and partnering with him and whatever changes he wants to make on the company. >> fascinating and we are waiting for the next chapter thank you. >>> check out shares of

this morning the number two senate democrat durban told them to eat sand or something. >> i think it'sle, stay away from homes and families of elected officials and members of the court, express yourself, exercise first amendment rights but to go after them in their homes, to anything of certain nature and anything violent is reprehensible. kennedy: is like going after 2:00 a.m., nothing good happens in front of someone's home. it's not a good idea, it's even possible to talk sense into progressive knuckleheads? jon gabriel, leslie marshall and brad polumbo. john, you talked to a lot of people, how is the polling on this? how are people feeling across the spectrum about protesting in front of supreme court justices homes especially when people like amy coney barrett, they have kids there. >> it is completely unpopular. when they, 79% of americans are against it when they restricted only to democrats, 67% are against it. no one likes this stuff and this is where activists be it abortion or any other issue, they tend to extreme, they get too emotional, can't control their crowds and make

and i want to point out when i testified in 2010, chair durban, before your appropriations committee, that was on the matter that even the government could not negotiate the prices that it paid for buying and selling things on its government platforms. it's incredible to me even the government is not big enough to hold visa and mastercardd accountable. but the worst problem occurs if you are a small merchant having to pay probably your second highest priced cost of goods sold might be higher, rent might be higher, probably bank fees are the next highest fee that you pay. so what do you have to do because of the complicated rules you discussed in your opening statement, senator durbin, the interest of thick contracts et cetera et cetera they forbid the merchant from doing anything to lower the cost and a store has got no choice but to bake the price of thesehe overpriced swie fees into the cost that everybody pays including, including the cash customers who might be low income and they are probably subsidizing. despite what all the associations and networks will say today, the bulk of

but that suns out in pa zulu no tall durban, looking good with a high of 25 degrees on saturday. enjoy, that's it, that's all see soon. ah, her domain, the intersection of reality and comedy in post revolutions in india, her mission, to entertain, educates and provoke debate through satire. how weapon of choice, data and intimate look at what, inspires one of tennessee is most popular comedians to make people love my tennis. yeah. hang on al jazeera. ah . yes, it was not the right decision. well, monsieur police and texas had met, they waited more than an.

she joins us from the conference in durban, south africa, thanks for being on the program here. well, give us all an idea if you can of the scale of child poverty in the region and beyond and just how wide spread is it? good afternoon and thank you for being transcript on the, on the team. try label. indeed, really just because it doesn't fall. so action. we started there last sunday. i mean the scale we are launch last year in june 2021. our reports and we defy effects. we've about 160000100. pick the meters of children. so one out of 10 where they said label, we'll deserve that. we had a progress diminishing child labor but some region more effect. and indeed, africa, unfortunately, is one of those regions where we observe that children are working 992000000 to the side label. and what we've been doing is also collecting information more on that. and we also observed that these increase as affected more children on between the $25.00 to $11.00. we please today we have 89000000 children working and a medical center that we had was the fact that the children as well. and also wo

if we focus on south africa durban, it's looking good with the high $23.00 degrees, and same goes for cape town, pretty much spot on for where you should be. this found that the year. ah, during the debate there is no he job bad. i mean, if anyone here talks about women's rights or suggested decent seem to have been says, notes or pictures of the table, we were taught to see abortion as a one way ticket street to help all the companies. they deny any responsibility, even though they have the resources and the power to fix it, where a global audience becomes a global community. a comment section is right here. the part of today's program this stream on al jazeera, when the news breaks, surely now, incoming shows lighting very close to the building when people need to be heard. and the story told it's kind of inspiring moment for me, for all of them that assume their guy from their community, with exclusive interviews and in depth reports what the, what is still really al jazeera has teams on the ground to bring you more award winning documentaries, and live news lou ah, ah, you're watc

. >> thank you, for the record, i am sure you are aware of the durban amendments with lower than $10 billion in assets. that would not apply. but for those reporting in federal reports, we see 50 degree, 49% of total debit interchange for revenue in 2019. $13 billion, even though they only conduct 35% of the debit transactions. it turns out from the amendment, from credit you straight thank you. >> i believe senator tillis and senator washburn and senator blackburn have worked out an agreement. >> senator blackburn, go ahead. >> your good. thank you all. >> thank you mr. chairman. i want to say, mr. kim, let me talk to you on this. i saw you shaking your head about banking profits. let's continue with that. >> a lot of time people look at that as revenue, so that 40% applies, but if you look at the grocer paced, it doesn't account for the cost of money. so, when you do that, the profit margin becomes lower. let me come to you. i have talked to retailers and heard from some retailers who talk about eating this cost. they say, it is most harmful to smaller businesses. the mom-and-pop's