the u.s., e.u.ave announced a plan to deliver shipments of critical supplies via a maritime corridor from cyprus to gaza. on thursday u.s. president joe biden announced plans to build a temporary port in gaza to receive the aid which the pentagon said would take several weeks to plan and execute. the u.n. set a quarter of gaza's population is on the brink of famine and children are starving to death. laura davis has more on the challenges of providing aid to people in gaza. >> the opening of this maritime corridor -- the plan is a boat with some aid would leave cyprus bound for gaza. there is no natural -- no way of unloading this aid. there will be no foreign troops on the ground. there is a lot of skepticism among agencies that this is a plan that will work. it comes on the back of joe biden's plan to build a temporary harbor in gaza to allow aid and construction materials into help with the reconstruction of gaza and the supply of aid but that would not be ready for a couple of months. the way to

that was not a problem when we were in the e.u. now, i'm afraid it is.aking to you from the liverpool airport and i'm here because tomorrow, which is going to be one of the busiest days of the year in european aviation, there will, i fear, be a large number of people turned away because they are unaware of this rule. unfortunately, the airlines, although they ask you for some details before you board a flight, they are doing that for security purposes because the government has demanded they are not doing it to check whether or not you are going to be allowed into your destination country. >> so actually, you can end up like his case study, getting to the airport, getting through all of the rigmarole's, and getting told you cannot board the plane. tell me this -- i have been talking about this with my colleagues outside of the newsroom. because of what we have been saying here on the bbc, do you think the will be a massive run-on passports and getting passports? do you think if you applied now, you would get a really big delay anyway? are we causing a bi

in 1992 when the e.u. was ratifying the treaty, denmark said there are some things we don't like in this treaty. there were a few, one of them was any cooperation on e.u. led defense initiatives, so from 1992 to june of 2022, denmark had nothing to do with any of the activities. now they got rid of the optout which brings more cohesion and coordination at least between nato and the european union and regionally in northern europe, when it comes to security and defense matters. the third change is to do with the united kingdom. i believe that the post-brexit anxieties that existed in european capitals and even here in washington regarding britain's role in europe after leaving the european union is now gone. i don't think this is even discussed anymore. i certainly don't hear it. leading up to russia's large scale invasion, anytime there was some issue, security or otherwise, regarding the trans-atlantic community or europe, you would always have someone asking questions, how does this impact the region now

relationships with the e.u. britain won't be a member of the e.u. in five or 10 years.ill be higher level of cooperation and integration. >> and we can observe quite a lot of rapprochement. is there any other question? yes, please, go ahead here. >> one important question is missing. and perhaps maybe you can have it in future polls. this was involving nato and my impression is that what is the cause of this war? did putin■7 invade ukraine to restore the empire and continue with and some people intates an saying that he will come here as well. or it is to protect his country from nato encircling. and when nato started expanding many in the united states objected. and not only george cannon but moynihan saidsion with lead to nuclear war. and we know that until february of 2014 the ukrainians were against nato expansion. after the coup, this changed. my question is maybe sings you made it -- since you made this point would all ofhis horror be prevented if ukraine would keep neutral status and benefit from that. >> i'm sure you want to answer. >> you don't need one reason

other services in the e.u. it is time for the iphone maker to pay up. other big point they said is other companies are free to sue apple over this. the penalties for apple could continue to stack up beyond this initial $2 billion. annabelle: perhaps this is a precursor for what is to come because the pressure on apple in the e.u., are we likely to see it extending to other parts of business in the region? could extend to other geographies? >> i'm going to ignore the e.u. because this is a 2 billion-dollar fine. probably a one and done. i'm assuming the e.u. argue with apple on how they are complying with the digital markets act. compliance will come into effect tomorrow. let's put it on the back burner for a second. something significant is going to happen probably in two weeks. the united states is going to sue apple. the department of justice is going to file a lawsuit against apple in relation to antitrust for things ranging from the app store to the payment chip in the phone to other features where the government believes apple is stifling competito

in 1992 when the e.u.eaty, denmark said there are some things we don't like in this treaty. there were a few, one of them was any cooperation on e.u. led defense initiatives, so from 1992 to june of 2022, denmark had nothing to do with any of the activities. now they got rid of the optout which brings more cohesion and coordination at least between nato and the european union and regionally in northern europe, when it comes to security and defense matters. the■= third change is to do with the united kingdom. i believe that the anxieties that existed in european capitals and even here in washington regarding britain's role in europe after s now gone. i don't think this is even discussed anymore. i certainly don't hear it. scale invasion, anytime there was some issue, security or otherwise, regarding the trans-atlantic community or europe, you would always have someone asking questions, how does this impact the region now that the u.k. is out of an amerf view are we going to be able to work with the e.u. now

bruised apple, the e.u. hits the world's second largest company with a $1.2 billion euro antitrust fine. that comes after goldman removed apple from its list of top five following underperformance. a last look at retailers this earnings season with target, encamp and foot locker set to report, with analyst predicting a slide in same-store sales. we'll preview what to expect. and taking pulse at the ports, ports of los angeles, executive director joins us to talk about the flow of goods from china as the company's annual kickoff. katie: welcome to "bloomberg markets," it's a quiet start to the trading week when you look at the bench marks. the s&p 500 behind me, it's slower, just slightly. we're talking about a tenth of a percent there. still really healthily above the 5,000 mark. we'll see how that shapes up. you look at big tech, things are a little worse off there. of course, we've been talking about apple, and you can see the nasdaq 100 currently off about .3%, but it's early. a lot can happen there. and

what the e.u.er countries recognize is that it is inhumane to cut off assistance to 2 because of the atrocious alleged acts of 14. punish the 14. don'tunish innocent gazans. and that is why i believe that president biden should restore this■ijá assistance now. now, mr. president, the notion that unrwa is somehow a front group hamas is a total lie, pure and simple. the indidual president biden to be the u.s. humanitarian coordinator in the region is a veteran diplomat, ambassador david he has repeatedly debunked claims made by members of the netanyahu government that humanitarian aid provided by unrwa has been diverted to hamas. specifically had he said the following, and i quote -- i have not allegations, evidence, or records of any incidence of hamas diversion or theft of u.s. or other assistance or fuel from u.n.-delivered assistance from any of other partners or from the government of israel since the hctober 21. not a from israeli government officials or anybody else about hamas diverting aid t

we have an e.u. probe of each of those companies under the digital markets act. >> these are serious cases that we have been able to solve with a discussion -- serious cases. had we been able to solve that with the discussion, it would have been done by now. if we find compliance solutions if they persist, consumers will not have the choice that they were promised by the digital markets act. ed: let's go to brussels. outline the basics of these probes under the digital markets act and how they relate to u.s. technology companies. >> good afternoon from brussels. we are back here again. the e.u. facing up to the dominance of big tech. the european commission has opened five investigations under its new digital markets act rules targeting apple, google him and meta. how serious is this? it is a statement of intent from brussels that wants to enforce as robustly as possible these new digital competition rules, which only took hold 18 days ago on march 7. ed: we played that clip. one of the questions in

and the e.u. signaling they're also looking at things like microsoft's investment in open a.i.hen it comes to rule making or enforcement more broadly? >> i think these are all fairly independent kindc areas of interest. the various jeurs dirks are pursuing. of course we're always really keen t know what are other enforcers learning so when we see a jurisdiction put out a report or study with their find wetion look at that very closely. sometimes e facts on the ground will differ quite significantly based on which country you're on. we have to account for those distinctions. but i would say right now there's a general posture of curiosity and really wanting to make sure we're sharing learned experiences and lessons. and i would say a sense that we want to learn from the missed opportunities of web 2.0. so is there was a sense that digital marks are so fast-moving that if you are to see problems of market power that will self-correct so the best thing for the government to do is to get out of the way. two decades on, i think we've seen that some of those asnfounded and if anythin

sanctions if the e.u. challengel champion. and so they got it. most highly concentrated industries, three things happened. as united airlines c.e.o. recently noted, this allowed tboing slow down innovation and reduce product quality. boeing's r&d lower than that of its only rival, airbus. worse quality is one of the harms most economists expect from monopolization because firms that face little competition have limited incentive to improve products.es started to view their knowledgeable work force as a cost rather than an asset with tragic outcomes. as one put it in 2000, boeing has been less a business than a association of engineers devoted to building amazing flying machines. this corporation's engineers designed the b-52 in a single weekend. but the new, post-merger boeing, dez mated it work force, offshored production and demanded wage concessions. the third consequence was that boeing effectively became too big to fail and a point of leverage for countries seeking to influence u.s. policymaking. in 2020, during koafd, congress carved out a

what t e.u. that it is inhumane to cut off assistance to 2 million people because of the atrocious alleged acts of 14. punish the 14. don't punish two million innocent gazans. and that is why i believe that president biden should restore this assistance now. now, mr. president, the notion that unrwa front group for hamas is a total lie, pure and simple. the individual dispatched by president biden to be the u.s. humanitarian coordinator in the region is diplomat, ambassador david satterfield. he has repeatedly debunked claims made by members of the netanyahu government that humanitarian aid provided by unrwa has been diverted to hamas. specifically had he said the followin quote -- i have not received any allegations, evidence, or records of any incidence of hamas diversion or theft of othm u.n.-delivered assistance from any of other partners or from the government of israel since the humanitarian assistance resumed in gaza, october 21. not a single report from israeli government officials or any

weakness for those headed to the e.u. >> such a big focus on so many different economies this week butleast of course the u.s. where fed chair jay powell has been reluctant to make a call on how the u.s. economy has changed since the pandemic. the feds economic projections for the long haul have hardly changed since 2019 and investors are growing frustrated over policymakers lack of conviction. furthermore, let's bring in our guest for some analysis from the big take and we know that there are risks to calling out any sort of changes or new futures in the u.s. economy, not least politically in the election year, but is that what is holding jay powell back at this point in time? >> it is interesting because i think what you are seeing here is a disconnect with what a lot of companies and investors are experiencing on the ground where they are saying this labor market resilience, this tightness they are experiencing seems like they are kind of settling in for the long haul and they are seeing that change in the overall economic picture. we really have not gotten that really robust foreca

secondly, you met with e.u. foreign policy chief today.id israel is using starvation as a weapon of war. do you agree with that? and if you don't, who do you think is responsible for the man-made famine in gaza? and lastly, there's been an israeli air strike today on an aid distribution center. the agency said at least one staff has been killed. it also says they've shared the coordinates of this facility with the israeli ay t it would e protected. what can you tell us about this incident? thank you. sec. blinken: so, let me take those questions. actually, let me start with the last one. i saw the reports of the strike today on the unrwa facility. and first and foremost, our condolences go out to the families of loved ones of those who apparently lost their lives in this strike. i don't know the details of wh happened. i do know based on what we've heard from the israeli government that the i.d.f. is investigating this incident. and of course we will look closely to see what that investigation produces. without getting into the specifics o

a i -- on a.i., i was at the munich security conference, and we pushed along with some of our e.u. the tech company including twitter and tiktok to at least the agree tott a voluntary set of a.i. els since half the world was going to election. this would not just apply to the united states, but it would require water marking, it would requou an invitation if that water marking is amanipulatedded, so i think the is some interested in doing some legislative the activity opn on. it would require tech companies to kind r of take down and help educate. with no at least to date major coordinating entity is a problem. and then finally i think because of some of t■se ofof some of the presidential candidates and, frankly, some of the figures in the house who are so over the top, i mean, i never thought the republican party would be leading a jihad against the t fbi or at least a small pt of the republican party, ytherei think, from the white house -- reluctance, to even to name who's the top election security official because of fear that that the individual wil harassm. so we're going to,

and e.u. is essential to not only keeping the peace in the western balkans and ensuring a democratic prosperous future. join me i h.r. 4723 and i yield back the balance of my time. the speaker pro tempore:he gentlewoman yields back. the gentlewoman from missouri is recognized. mrs. wagner: i yield myself the balance of my time. as vice chair of the house foreign affairs committee and as representative of the largest boss anyian community outsif bosnia i know what the consequences will be if we fail to stand strong against destructive politician who to undermine peace. if we let dayton accords as symbol of leadership and commitment collapse, then we risk seeing violence return to bosnia. adversaries like russia and china would welcome this and solidify a stronger economic foothold. congress has acted on this ones before. last congress, i introduced a similar version of this bill which passe representatives with overwhelming bipartisan support. this time, the stakes are much higher. with our adv

russia produces about 200,155 millimeter artillery shells per month, and when the e.u. will increaseapacity, it will produce only 50 thousand per month. so russia can produce a lot of weapons, but in the long run, such spending will simply bury its economy. yes , the russian economy didn't collapse, but that's only because so much of russia's national wealth is now invested in military production, which means that the goods that are... destroyed don't contribute to economic growth, so putin's long-term spending on this war will huge, and if it escalates, the costs will be even greater. he wants to stay in power for another 12 years and i don't see how he is going to survive if he escalates this war. well, in any case, we see a readiness on the part of the kremlin elites to continue the escalation. we see that the russian economy has not collapsed in the next couple of years. it was rebuilt, they are now, i think, at the end of the late middle ages, yes, but they are ready to smear their country with war, that is, there is no question of preserving these or other things, no, and here

apple, google, and meta risk heavy fines as the e.u. marches against strict new laws. digital markets act as well as new gravity. we will have more to come on we will have more to come on "daybreati. constant contact delivers all the tools you need to help your business grow. get started today at constantcontact.com constant contact. helping the small stand tall. haidi: raking data crossing the bloomberg when it comes to consumer confidence, confidence falling by 1.8%, falling to the gauge of 84. if you break that down, consumer sentiment at 84.4 is a contraction of 1.8% month on month. a decline of almost 1.5% versus a year ahead. also a decline of 1.5%, expectations on the economy seeing a fall for the year ahead, at a significant contraction of 4.5%. looking little bit better when it comes to looking ahead. this coming in light of float was strong labor market data last week, that reposition some of the expectations around the rba suggesting they are in no rush to have to cut rates. potentially that we miss on the consumer confidence front showing how much household

and the uk and the e.u. the empty u.particularly to the harsher penalties but it's partial retroactive ability. but the u.s. points to this sort of general potential that we could see fundamental freedoms eroded in the city too. and the uk has echoed similarly some of those worries. and as you say, though, comes part of a sort of broader criticism that the hong kong sort of openness, a free willy bastion of free speech and so on is shifting and changing underway. it is worth saying that some of the lower business institutions like the hong kong chamber of commerce have come out saying this will ultimately help improve the business environment. >> ok. so rebecca, there have been criticisms on both sides as haidi mentioned. there's been criticism that the wording is vague. let's hear a little bit more about how it could improve things in hong kong? rebecca: this presents an opportunity and a challenge for john lee, the passing of this legislation which had to be required and mandated under the basic law after the handover

the you is weighing whether to investigate how deeply -- e.u.hing whether to invest get how deeply they are in networks. next up, let's look at what we are watching in terms of publicly traded companies. cloud flare, we have seen stephanie cohen, the leader behind the rita offering, now the latest executive to step down. where has she gone? cloud flare. from new york, this is bloomberg technology. ♪ tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future. a future where you grew a dream into a reality. it's waiting for you. mere minutes away. the future is nothing but power and it's all yours. the all new godaddy airo. get your business online in minutes with the power of ai. >> welcome back to bloomberg technology. i am caroline hyde. we had back on track and we are seeing the nasdaq back up. after that market issue that stopped market trading, we are up 1.5. the hope is that s

apple, alphabet, google and meta risk potentially heavy fines as the e.u.s investigations into their compliance with strict new digital laws. the bloc is looking into instagramming facebook fees. the firms face potential fines of up to 20% of their global revenues for repeated breaches. annabelle: senior executives in finance, technology, health care are gathering in hong kong for the milken institute's global investor symposium. coanchor of bloomberg's the china show," david ingles is there for us. you have a big lineup today. david: we do. we have actually curated the specific people who will be speaking with here today in fact on that very point the timing of u.k.'s coming to me here could not have been more perfect. if you squint your eyes and pay attention a bit further, the pied piper of gathering people at this business conference with the proverbial chime is coming around right now which goes to show we will get started in a couple of minutes or so. in fact, our first guest, jane s un, will be joining us in a couple of minutes. this is sandwiched be

that hisy ba e.u., by the way, the taxpayers are bad actors.hed out to dhs for clarity but no response from f them. texas congressmangn chip roy and former acting dhs secretary under president trump, congressman, do you get thatioe sense the biden administration o is preparing to bring inra hundreds of thousands of e united states? >> good evening, laura, there is no question about it. you mentioned 133,000 nations. but i think what the american people don't understand the radical progressive democrats led by r biden, led by s alejandro mayorkas are releasing largpurpe numbers of people in e united states purposefully. in total violation of the law,um right? t using parole come asylum to mass release and i think the numberpe is somewhere between 4.5 million people. now yohis u see 133,000 from hai where you have broken games with cannibalistic -- >> laura: these are law-abiding people coming into untrthe country. dem >> this is the joke, right, democrats will go to the floor liked jim mcgovern, and theyn thwill say republicans on thisri now, wh

tune in tomorrow when oliver will sit down for an interview with e.u. vice president.oming up, we will talk about reddit's ipo, artificial intelligence. a broad conversation coming up with the citizens financial group ceo. i see some breaking news in the airlines. caroline: keep an eye on boeing. american airlines is agreeing to buy 260 new short-haul aircraft, including 85 787 max 10's, a key vote of confidence. up to .3% on american airlines. boeing still off by .3%. we will see 85 neo planes from airbus. american airlines spreading the love but it is giving an 85 endorsement to the max 10 aircraft. caroline: cash flow management, not always the sexiest, but ai has a role in terms of it. jp morgan's tool which runs on artificial intelligence helps customers. since launching a year ago, the wholesale payments unit has 2500 clients using the product. this follows other lenders that happens living up there use of artificial intelligence with the aim of lifting productivity, reducing cost. ed: one of those banks is citizens. let's talk about that with chairman and ceo br

lower for apple as we try to decipher -- digest what's happening with e.u. the digital markets act is coming into force today hitting firms with a list of dos and don'ts. the aim to create a more competitive online field imposing changes on these six so-called gatekeepers. apple, amazon, google, meta, microsoft, bytedance. regulators are wanting to know about accusations that it's barring epic games from opening its own app store for iphone customers in europe. that is what these new rules are meant to be allowing. mark gurman has more and the battle still rages on. give us the inside track of why we are seeing apple not allow this third-party app store to come to light? mark: caroline, apple has a lot on its plate. the digital markets act is coming into place. there's a lawsuit coming from the u.s. department of justice before the end of the month so they are already dealing with a lot. this latest bit is unnecessary. apple's app store chief and others at apple perhaps were upset about tim sweeney's tweets and response to the dma rollout, apple's way of com

e.u.'s thinking of putting tariffs on chinese-made vehicles.t bill, but more importantly, it's a hammer america bill because this affects our freedom the of movement. rachel: yeah. it's a war on modern life. you've said that many times. it totally is. it makes no sense. and, again request, people are trying to understand why they would do it. is it for profit? because i don't know. it just doesn't make any sense. i want you to listen to this clip joe biden from his state of the union to understand what his ultimate goal is. >> and when i talk to a couple of them and they say we're afraid you're going to shut down all the oil wells and oil refineries anyway so why should we invest in them, i say we're going to need oil at least for another decade, and that's going to exceed -- [laughter] and beyond that. we're going to need it. rachel: what do you make of that? if. >> yeah. everyone wants to invest long term and maybe for another decade. once you invest in this project, which which we're going to shut down within 10 years. first of all, for him

and between e.u. and china as well. but it's sharpest on the u.s. front.and covers economy for. let's look at asian chip names. semiconductor doing extremely well up by 17%. tsm a little b weakness there. hanmi has a good story to tell. we are on thisrig of a -- on the brink of a public holiday here in the asia pacific. let's look at what markets will be closed over the next few days. here in australia, no trade this coming friday. it's the good friday break. new zealand will be shut. hong kong, indonesia, singapore, the philippines also out. the holiday rolls on on monday for india and hong kong. on tuesday no trade in hong kong or taiwan. that's it for bloomberg markets asia. daybreak middle east an africa coming up next. this is bloomberg. ♪ okay y'all we got ten orders coming in... big orders! starting a business is never easy, but starting it eight months pregnant... that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business needs the chase ink card mad

e.u.ls, and german chancellor olaf scholz was among those endorsing the plan -- despite russian warnings that it amounts to theft. >> i am quite sure that we are sending a very clear signal to putin here. he has made a miscalculation if he believes that we are not able to support ukraine for as long as it is necessary. and the use of windfall profits is a small but important component. >> in mississippi sentencing concluded today for six white, former law enforcement officers who tortured two black men. the final pair received federal prison terms of 27 years and 10 years. the six defendants admitted to torturing michael jenkins and eddie parker after breaking into a home without a warrant in 2023. no charges will be filed in the case of nex benedict, a non-binary high school student who died following a fight in a school bathroom. an oklahoma district attorney said he agreed with a police assessment that the altercation was mutual. the state medical examiner determined benedict died by su

soul-searching they would find out they didn't have the soul but they would also realize that they are the very e.u, they turned into the very evil that they accused trump of being. a drooling mob with pitchforks and torches. i get the glee. it's a human weakness involved in finding joy when somebody you don't like is being punished. but you have to understand that long term the punishment that you are taking glee out of it is going to destroy this country. they are marveling at the financial penalty, and why? it is so obviously excessive. it is so excessive, it is hilarious. so that means they admit that this is a violation of the eighth amendment. it's obviously an excessive fine which is prohibited by the amendment, and it is for a nonprime in which no one's own any restitution. they also congratulate liz on this unprecedented, groundbreaking legal charge, which again proves she made good on a political threat to get trump and then twisted a law that is not used for mundane transactions in real estate in order to punish him. so the people doing that admit that it's illegal, it's against the cons

back in 2020, trump even told e.u.nt ursula von der leyen, "you need to understand that if europe is under attack, we will never come to help you and support you." never come to help you or support you. you know what? that's actually kinda sweet. he quoted his wedding vows. speaking of which... [cheering] speaking of which, trump was in south carolina this weekend and used the opportunity to go after nikki haley's marriage. >> then she comes over to see me at mar-a-lago. "sir, i will never run against you." shebrought her husband. where's her husband? oh, he's away. he's away. what happened to her husband? [shouting] what happened to her husband? where is he? he's gone. >> stephen: to be fair, trump struggles with object permanence, so this is what he sounds like when anything leaves his field of vision. "the ball rolled behind the couch. where is ball? ball is away. what happened to ball? [shouting] what happened to ball? ball gone." all gone. [applause] where ball? peekaboo. fun fact: nikki's husband, michael haley,

. >> so big with tech is always getting attacked by the e.u., so thats' possibly not going to go awayif you wouldn't buy with it at 171, buy it at 160, fine. but i think apple's core business isn't in trouble. their core business continues to grow. their services business continues to grow. the iphones continue to grow -- stuart: not in china. iphone sales down 20 odd percent in china. >> for a quarter. but overall, i think the company's doing just fine, and they have a boatload of cash on the books, so you're getting a discount. stuart: all right. lauren: i'm surprised of the size of the selloff two days before jay powell testimony in the week that that we have the state of the union, in the week that we have the jobs report. there are a lot of major with events on the calendar, and we're selling off ahead of them. stuart: quickly, look at the big winner today. it's target. last time we checked, they were the up 10. %. now it's 11.7%. lauren: well, they're betting on the future. same-day delivery, new products, this new membership program, and they're forecasting that the their annua

like i have a tinfoil hat on, but we don't have the strong protections in the united states like the e.u, and we need to. data privacy is just like oil, it's like currency it's extremely valuable, and we're not protecting it right in the united states now. edward: plus, if you look at the tiktok user agreement, it allows them access to the entire phone, so that's e-mails, text messages, contacts. and you don't really know what the chinese government, you know, with access to this is doing with that data. >> you're exactly right edward. and even to go one step further, it's also biometrics, right? it's our face, our voice, it's potentially how we move as well. we are giving that data up. and it's certainly a great business model. it's very addicting, it's fun to use -- or so i've heard -- but it's problematic with how much data we are freely giving up to use it. edward: lisa, this debate will continue. thank you for your insight or, appreciate it. >> thank you. edward: yeah. so it's not just republican slamming the biden administration if over the border. 14 democrats voting to denounce t

e.u.a strong defense against further russian aggression for really decades to come. ashley: right. well, we'll continue to cover it, of course. colonel, thank you so much. colonel carafano, always great to have your insight. thank you very much, sir. all right, now this. thank you. show that iran covered up a covert israeli operation back in 2020. if okay, or lauren, what was the cover-up about? lauren: israel's destruction of an iranian nuclear facility. this was in july of 2020 according to a dissident iranian news publication. they reported that israel actually hired a team to set a secret atomic workshop in iran on fire. nine people were arrested. clearly, this is a major national security issue in iran. it reached the highest levels of government, but they tried to keep it secret for obvious reasons. ashley: yes, indeed. all right, interesting. lauren, thank you very much is. >>> all right, coming up, house oversight committee chair james comer invaded joe biden to testify as part of

against apple, we now have a similar, a parallel lawsuit, if you will, in the e.u.the only serious threat that these mega-cap companies face is regulatory. they are so big and they dominate their industry the so much that it's really a fundamental risk. so i think that combined with the fact that they've run so much and now their valuations are stretched relative to the rest of the market -- charles: right. >> -- it's really adding up to a little bit of the stress moving higher. charles: there's also been some huge insider selling particularly in the mag 7. how much does that the influence you as a professional to maybe height aren up as a well? -- lighten up as well? >> yeah. i mean or, when you see insiders, these aren't just institutional a elders. we uslatedded it to corporate insiders collectively selling $13 billion worth of mag 7 stocks, you know, cumulatively over the last six months. it's a weekly update we get. that a suggests that perhaps if a number of highly placed people who are in the know suggests maybe now's the time to take some profit. so i think

and e.u. combined. i support this bill, i urge my cleags to support it -- my colleagues to support it, to tackle the real energy problems we face globally, and i yield back. the speaker pro tempore: the gentleman from new jersey imr. pallone: madam speaker i yield three minutes now to the gentleman from illinois, mr. casten. the speaker pro tempore: the gentleman from illinois is recognized for three minutes. mr. casten: i'd like to thank the gentleman for yielding me time. i want to shift now to the elimination of the greenhouse gas reduction funes. this program helps to pay for projects that reduce climate pollution, help grow energy independence lower energy bills and revitalize communities that otherwise would not be funded. so what does that mean? these are projects that are good projects. but they struggle to get capital. so maybe it's an inner city school that would like to put solar panels on the roof, cut their energy bills lower their pollution, but they're not in a town that can afford to rai

sustainability due diligence directive, which is a new process -- in the process of passing in the e.u., which applies to all companies of a certain size, with certain presence in europe regardless of sector. and that basically is a mandatory human rights due diligence law that requires covered companies to conduct human rights due diligence and demonstrate how they are doing that, how they are addressing the risks that they uncover through that. then we have tech specific regulations like the digital services act that apply to segments of the technology ecosystem and there are obligations for all kinds of different companies with the very largest online service providers and search engines have to go through a pretty rigorous risk assessment process, and they have to have that audited by a third party auditor. so there are certain elements of the human rights framework that are being codified, which hopefully will mean that not just the very largest providers, many of which are members of gni, who have been doing this through a framework of co- governance, but also the smaller provide

mandeep: i would say the e.u.re trying to work of these companies are complying. i feel fines will be imposed. the doj trial will take years. annmarie: what is imminent? mandeep: imminent is the fact that these companies have to change behavior. if they do not there will be fines. jonathan: you are focused on the potential for partnerships, specifically one between apple and google. gemini, the eye partnership we've been talking about. do you think this'll be a huge road -- a huge roadblock to those partnerships? mandeep: how do you allow these companies to share data for trading large language models, to rollout a voice assistant everyone is so excited about on your phone? it will be very hard for apple to make a case it can continue to use google, even though google is paying 20 billion dollars in traffic acquisition costs to apple. that behavior has not changed but you can argue it makes it harder for them to collaborate. jonathan: where would that leave apple in september? mandeep: they have to do things organ

he has stood in many ways of aid to ukraine at the e.u. and nato. eight through, world leaders had to conspire to have him outside the room when votess man is and he talked about not wanting races to be mixed in his country. that question of okay, he is a nato member, he's a world leader, meet with him. but what's the strategy? why do you need to sit with his particular person? what is the message being sent? they have not explained it. they have not explained it. it goes back to the right wing nationalist embrace. he has spoken at conservative conferences, viktor orban has come other conservative leaders from el salvador and elsewhere have started to appear at some of these conservative gath gatherings. the old adage of foreign policy doesn't matter in politics is gone. the snake trumps speech, he talks about it a lot. >> president biden's presidency, the sense of richard nixon, not in the sense of watergate but in terms of foreign policy. >> norah: president biden greeting supreme court justice ketanji brown jackson. >> taken for a little bit of a

the further good news is that thenite('■h■ kingdom has announcedit has made the decision to join the e.u the u.s., it will be very difficult for americans companies exporting to the u.s. and to the u.k. t avoid those carbon tariffs. we will be paying tariffs to the u.k. and to whenever our production of goods is more carbon intensive than theirs. one of the ways you solve that is by adopting a carbon price. get into the club and you don't have to pay the tariffs any longer. so the tariff pressure on american businesses ought to disrupt significantly the general political indifference of the american corporate sector the fossil fuel industry's political head gem any over republicans. could open a poten pathway when the steel industry, the aluminum industry, the cement industry, the pharma elected representatives and saying why am i paying this tariff. what's up with that? why do you have to do that?r fr friends is oh, that's so the fossil fuel industry can keep polluting for free. i don't think that will sell well i tboardrooms. so that creates a little bit of industry-on-industry counter