>> absolutely, i mean look, we're encouraged by recent actions of the ftc on privacy but ftc has limited resource and see incredibly broad mandate from antitrust to horse racing safety, you know, the task of data protection is best done by a specialized independent regulator. when you think about the outside presence of technology in our lives and economy, i think this is something where 20 years down the line, no one will question why we have a data protection agency just as now we don't question why we have a faa or bpa. >> let me just ask a question of you, mr. irwin. in your written testimony you state, quote, it is important that competition concerns not be a pretext to prevent better privacy for everyone. can you explain that? tension and how congress might strike the right balance on that? >> yeah, this is something we see fairly oftenput basic challenge we have here now, is the internet was designed in a very permissive way that allows a large number of parties to collect data, not only the larger parties but also the smaller ones and closing some of these privacy gaps sometimes

if one company has likes guidelines they cannot be taken to court by the ftc.here is some patchwork data collection regulation on a state level but there is no number hence of federal regulation. >> the best way to protect personal information is to have comprehension data collection regulation. >> data security, we do need a national standard because of what is happening at the state level. >> the california consumer privacy act was created in 2018 giving consumers in california more control of the personal data collection. it establishes a couple basic rights for the average person. they can tell you what information you have on me. you can say you can delete that information, you can say can you stop selling that information to other people. >> when you talk to the experts these are folks who have been checking the practices of these companies for years and years, touches facebook, youtube, twitter. you as the user have a consistent presence. you can take -- they take your clicks, your likes and any media you consume and they create a profile on you. and the

to take over, twitter revenue misses, slowest growth in six quarter on top of a new report that the ftc is investigating how he disclosed after amassing a massive steak in secret. qualcomm sores after diversifying around phones, cars, and computers. we will get to all of that in a moment but first we are watching apple and amazon results. emily joins us now to see how investors are reacting. >> it was a largely green day for the stock market, the s&p 500 ended up 2.47%. the nasdaq 100 was higher by 3.34 8%. the largest one-day gain since march 16. yields were higher but it didn't seem to bother investors and it was a largely risk on day with it going finishing the day in new york higher. we tend to see that risk on trade with bitcoin getting higher and the big story of the day was all about egg tech earnings. looking at apple right now the stock is rallying after they reported earnings, up .47%, beating on sales and profits, rising to about $97.3 billion in the quarter, largely fueled by a demand for iphones, their web services, and a $90 billion stock buyback program. you are really se

of course any solution involving the ftc requires the ftc have full to begin with.or also to keep working to confirm pretoria as the fifth ftc commissioner to break the to to deadlock but is lasted for over a year. it is important to note, republicans unanimously are not voting and that has paralyzed the ftc. even though its leadership would lope to go after price gouging and market manipulation. we have had a few members absent because of health issues this week but i want to be clear the health issues will not deter us from getting other important nominees like lisa cook, confirmed. i urge any republican who is truly worried about rising gas prices to drop their senseless objection to getting confirmed. it seems it's only covering up for the oil companies and preventing the really sharp piercing investigation of the market manipulation and price gouging. there's something deeply wrong about seeing the largest oil companies while breaking record profits will asking americans to pay more at the pump. that is 5 million ftc with full membership so we can look under th

forward spam texts to the ftc and to your phone company.hese scams are nothing new. >> all given new life by the internet and yet another rebirth through iphones and android devices. michael: as for john, we gave -- he brought his case to safeway and they gave him a refund for the google play purchases. >> i was smiling. liz: that was michael finney. with more people choosing not to answer their phones, spammers are turning to texts. the ftc says young people are the most likely to get scammed but senior citizens ultimately lose more money. still to come, the nation j kagan ice-skating phenomenon is skating right off of the ice. the shocking announcement she made this week. a texas-based startup has sent people to space for a weeklong stay. the details be >> building a better bay area. moving forward, finding solutions. this is abc 7 news. liz: good morning. we are starting this half-hour with another look at the weather. we have been tracking red flag warning's. frances: the wind will be an issue with the red flag warning in effect for sol

democratic leaders unveiled a proposal to give the ftc increased authority to go after price gougers. it includes tougher fines, penalties, and a team of experts to monitor market conditions. >> oil companies last year made record profits on these tragedies. almost like vultures. we have the ukraine tragedy, we have the covid tragedy, and do they try to make things better? no. they come in and make record profits. >> some republicans blame president biden for high gas prices. >>> and a bill to ban abortions in oklahoma after about six weeks of pregnancy is on its way to the governor's desk. the state legislature passed the measure yesterday. republican governor kevin stitt is expected to sign it. it's modeled after the texas abortion law that went into effect last year. planned parenthood says since then there's been a dramatic increase in the number of women from texas traveling to oklahoma for abortions. stitt signed another bill this year that makes performing an abortion a felony. it's likely both measures could be temporarily halted pending legal challenges. >>> and the fate of t

and then taken from the ftc act of 1914 in over a century never once treated that language of disparate impact liability. with that controversial change without an open and transparent rulemaking. and it's more troubling and with that disparate impact enforcement against lenders under equal credit opportunity act. and with that flawed methodology. and then for auto lending in 2018. and then for that disparate impact not only lending but all consumer financial services and extending the very policies one of harmful consequences. to create tremendous uncertainty among regulated entities. those even with the advertising and marketing despite often having no way of knowing if it will occur. unfortunately too can have you having them to continue the disregarding. with the rules ofng adjudication. this grossly unfairor practice occurred with the clear rules of the road and they can bypass the administrative these cases on substantive legal issues. and then based on a completely novel theory and to melissa balance area. and then consistently sought to be and competition of the antitrust law. t

recently the ftc made a commitment in making spectrum available for wi-fi use. could you speak to how americans use licensed and unlicensed spectrum and would expect to see in terms of licensed and unlicensed spectrum? and thank you for the question. the demand for anywhere less techality whether it's wi-fi or 5g continues to rise. wi-fi today and unlicensed spectrum represents more than half of all internet traffic because we are consuming most wireless traffic traffic and we are indoors wether it work or at home. that is not to say that 5g isn't important. it's vitally important and we are going to be using a lot more effort in the future. from a consumer that what we are going to see is more of an urgency of the two ecosystems as we go forward in one example of that would be the 6g offerings that are in the marketplace where the traffic is the tua base station. in the home the connection to the devices are wi-fi. there are more examples coming in is more urgent and will benefit the american people. >> thank you very much. eight tc commercial serves -- could y

before this created cfpb and same authority ftc had to pursue unfair or deceptive acts or practices. what's more, if the ftc already has link authority to bring his commission and desperate impact for a center, congress would have no need in the disabilities act or other targeted laws to address dissemination but they did enact those measures because you asked not already addressing these arms. a well understood policy far-reaching consequences. if congress intended to give the power to cfpb, it would have done so excessively and equally concerning is the way they made this unprecedented change. when an agency imposes new substantive requirements on related entities, the procedure act requires it to conduct transparent notice making public account into account. cfpb updated manual to instruct examiners to apply this policy when conducting supervision's. there's no regulatory regarding implementation of the new rule. the world is unclear how financial institutions implement this impact and what positions they have to run through in regression analysis. the cost of regulatory uncertain

if that means that the ftc sues and it gets blocked in court or if the litigation is so long that ofeasons can creep in the deal fall apart. emily: what are the odds? what are the odds the deal falls apart? >> it's hard to say. for decades, mergers in the u.s. were allowed to go through. it's hands off. agency leaders right now have said that big tech companies should not be allowed to grow via acquisition. microsoft has a good reputation in d.c.. it has escaped a lot of the tech lashed. that said, it is still the number two company in the country. the idea is they are looking for a way to get their hands dirty and test some new core precedents about mergers and this could be the case. whether or not it works, we will see. a lot of people think it could happen. emily: coming up, robinhood earnings. our crypto report is coming up next with the conference and the bahamas still underway. this is bloomberg. ♪ >> the need of the community dictates the protocol. protocol is owned by the community. a lot of the work is around building primitives that are open sourced that can be taken by an

law makers say the ftc needs fines and penalties.ne proposal doubling penalties two per day per violation. >>> james corden announced he is leaving the late, late show in spring of 2023. his contract was originally set to expire this august. no word on who will bring the chuckles next. for more news, download the cbs news app on your cell phone or connected tv. i'm diane king hall, cbs news, new york. >> announcer: this is the "cbs overnight news." >>> tonight a clear sign from the white house that the war in ukraine will likely drag on for months or even years. president biden today asking congress for an additional $33 billion to support ukraine's defense against the russian invasion. the proposal includes more than $20 billion in military assistance, such as artillery and armoured vehicles. the war ramped up again with russia launching a barrage of attacks including five missile strikes on the capital city of kyiv. explosions could be heard during president zelenskyy's meeting with the u.n. secretary-general in the capital. we'll

i mean lina khan, who is the new chair of the ftc does represent a really interesting break from what has been the dominant conception of antitrust law i mean and again, this is i get into this history in my book. this doesn't come by happenstance. it comes through the careful engineering of the davos man. we have this idea going back to the 70s from robert boark and the chicago school, you know this sort of hot house of neoliberalism that is long as consumers or not harmed as long as prices don't go up than any merger is fine is in fact good and and this ties into thinking about how the us one the cold war and it's coupled with very careful lobbying and use of think tanks to push the idea that hey the soviet union, that's the enemy right? they're rocket eyes the government's huge. top down. we're the rugged individualists. we gotta let business do what business is gonna do and they have to mobilize the way they did to win the second world war and this becomes this kind of technocratic worshiping of big business kind of solution to all of life's problems and this bork idea is what an

>>the ftc says there's a new scam on the rise and it's costing americans millions. its called smishing. the ftc is warning people not to click on links from strong from strange phone numbers. the agency says smishing cost americans 130 million dollars in 2021. the fcc wants wireless providers to adopt a plan to block illegal text messages. a man in kansas was arrested for breaking into a local dealership in topeka and attempting to steal a car. but check out this video. officers say he had trouble. he broke into capital city. nissan through a window in the back of their service department. the burglar seen here struggled for at least 15 minutes, trying to figure out how to drive the 2020 nissan rogue. we actually had to speed up the video. you can see him going back and forth there for quite a while. fortunately, no customers, vehicles were damaged. the thief eventually figured out how to operate. the suv and drove through the garage door. well, we want security footage of him not being able to figure out how to put the car in reverse for 15 minutes. >>and then sayi

forward spell -- spam text for the to the ftc to spam at you ce.gov. into your phone company.a text is unexpected, ignore it. these scams are nothing new. >> yes, all given new life by the internet and yet another rebirth through iphones and android devices. michael: as for john, we brought his case to safeway and they gave him a refund for his google play purchases. >> you got their attention and got my money back, so i was smiling. michael: so where we. more people choosing not to answer the phones, scammers are turning to texts. the ftc says young people are more likely to get scammed and seniors who get scanned lose more money. verizon is telling us it has been able to block the verizon spam text from getting through, so there is some good news. i want to hear from you. send me your stories about buying a home, a car, paying off a loan, anything that has to do with money. i want to hear about both your triumphs and frustrations. go to abc7news.com/7 on your side to share them. so we caught that one within two weeks. seven or eight days really. eight or nine days. but there

i think the ftc said that there had been more than 80 million dollars worth of scams just in the past six months of crypto. and so i'm just curious. what do you think about this in industry? is it innovative or is it a ponzi scheme? and if and what doesn't need to be done to rein it in if anything? well, i definitely think there's some baseline innovation to blockchain and the baseline innovation as i understand it to blockchain is that it allows you to transfer your money in a quicker way things settle quicker and it eliminating without a middle person. and so you're basically saving on transaction costs for remittances overseas or for moving money from one place to the other and it also allows you for example to engage in contracts without needing necessarily a third party verifier so you could have smart contracts finally you could think of having textbooks distributed this way where one gets a toka and who wants to read a college textbook reducing the costs of distribution of of books or while keeping intellectual property. so there are definitely in my understanding of value that

i think that the ftc said $80 million worth of scams just in the past six months of crypto. and so i'm just curious, what do you think about this industry? is it innovative or a ponzi scheme? what does it need to be done to rein it in, if anything? >> well, i definitely think there's some baseline innovation to block chain and the baseline innovation, as i understand it, to block chain, it allows you to transfer your money, a quicker way, things settle quicker and eliminating without a middle person, and so you're basically saving on transaction costs for remit tenses overseas or moving money from one place to the other and allows you, for example, to engage in contracts without needing niece necessarily a third party verifier, so you could have smart contracts and textbooks distributed this way where everyone gets a token, who wants to read a college textbook, reducing the cost of distribution of books or of-- while keeping intellectual property. so, there are definitely, in my understanding, a value that's being created and here i have a respectful disagreement with profes

let's start with the ftc, whose lead story is france seeks a ban on russian coal and oil, as the us urgesrime trials. talk is there some of the details in it. , talk is there some of the details in it. y , u, talk is there some of the details in it. , , .. . , it. very significant details in here because we've — it. very significant details in here because we've seen _ it. very significant details in here because we've seen in _ it. very significant details in here because we've seen in the - it. very significant details in here because we've seen in the last i it. very significant details in here - because we've seen in the last 24-48 because we've seen in the last 24—48 hours is as horrible news that's come out of bucha, which is 25 km northwest of kyiv where russian forces have been occupying for the best part of the last month and finally retreated. we've seen reports of mass graves, of civilians being found tied up and shot dead, bodies in the streets, all these kinds of things. so today is a significant development, and joe biden, the us president, calling for a war crimes trial of

you got regulatory issues along with the ftc. you've got a lot of shareholders out there, too, that have an interest. how would that all work and if it does go through? how long would it take? yeah, you're very right. i mean, he's he's a rich guy, but it's not like he has that money just hiding underneath his mattress. so today he was appearing at a tag talk in vancouver, and he was asked about how he would fund that kind of take over and he sort of said i have the assets and moved swiftly on, um you know, it's a it's a deal for cash, so that means that he needs to kind of to pay up to be able to actually by that by that stake in the company. but as you say, there's a whole bunch of regulatory approval that needs to happen. elon musk isn't great friends with the sec. he had a few choice words for them today in vancouver as well so you've got the regulations and then you've got how much of a tower role he'll play. if he actually does take ownership of the company. you've still got the ceo, you've still got all the staff that have

completely amid a terrible read of the ftc and the anti-trust department of justice, which is reallye extra scrutiny the jet blue bid is going to put on this? >> we've got this guy in the anti-trust department. he's a rigorous fellow we have a person in the ftc who a lot of people feel is just a fire brand but the person in the anti-trust department is a great lawyer for paul wise and he'll never stand for this stuff i think the guys are wasting their time and money, and they've got very bad legal advice all of these mergers are ill-advised. >> is this a chill for every potential merger >> absolutely. they've got to make a statement, and the statement is, okay, listen, we've screwed up we let all these airline mergers go to the democrats and we're not going to make that mistake again. so what we have to do is shoot down everyone of these i think the recognition that justice and ftc are going to act together to slam the heck out of these. so, look, i want to speak to the lawyers who said these deals are fine because they remind me very much the lawyers that checked off on at&t, sprint

justice department or ftc would would want to explore as well given the sensitivity of what twitter does under musk's private personal ownership, twitter would go to a paid subscription model. as opposed to getting 95% of its revenue from advertising as it does now. twitter said its board of directors will carefully review the proposal to determine the course of action that it believes is in the best interests of the company. and all twitter shareholders. musk wants nothing short of a shareholder vote getting money, but it makes news. one must make the offer. it was 40% higher than what the stock was actually trading for. so a lot of people bought in to try to get a quick profit. that's probably not going to happen now. but of course, tomorrow we may see something else. tom baker ktvu. fox two news. shares in twitter were down slightly today to close it just over $45 a share that is well below the price per share that elon musk is offering for the company more than $54 a share. that tends to indicate that investors doubt the deal will go through. washington bakery and restaurant in san f

i would like to enter a letter you sent to the ftc chair man where you expressed concern using title ii of the communications act to request a bribe broadband the telecommunication service saying any action that needs to be taken in this space is a job for congress. i would agree and hope that we can work together on that going forward. >> without objection, so ordered. >> the investment and jobs act for seven years for purposes auctioning spectrum in the lower three gigahertz. notwithstanding two dot five and what would the impact operations mean if this isn't expired and i think my time is actually expired so hopefully someone else will ask this question. thank you for your work and i congratulated the chairwoman. the last couple of years have highlighted why it's so important to make sure that everyone who once reliable broadband access at home is able to get it. for too many people in my district, the cost per month for the service is just too high. i'm proud of the congress has made the historic investment to help low income americans afford to broadband and the affordable conne

on top of this, a report that the ftc is and -- investigating how elon musk disclosed his purchases of shares. quickly, what does this mean? we were told that his biggest concern right now is not the sec taking the look at elon musk because he has had his share of sec scrutiny, but focused on the financing. will elon musk carry through with the financing? a guest also tells bloomberg that buying twitter was easy for him. fixing it, it's a social media company, that will be a herculean task and he says shareholders are bearing the burden as the soap opera plays out. haidi: we are riveted. you can turn to your bloomberg for a lot more on this. let's get more on the earnings volatility in the markets. earnings season is turning out to be pretty interesting so far. what are you watching at the moment specifically because we have the bank of japan behind us. intentionally more volatility ahead. >> volatility is very big part of what i'm watching when it comes to bonds and also stocks. especially currencies. currency volatility has long been absent. thanks to central banks stamping down on v

emily: what they are really focused on now is the ftc and altering their t2 look at some of these majoril and gas companies and look into whether there is some sort of price manipulation going on. nancy pelosi and chuck schumer were clear that this is the path they have decided to go on in terms of holding oil accountable. that's their message to the american people and that's why gas taxes and gas prices are so high. tom: maria todeo, is this war so grim that we don't see it in the zeitgeist of the western media and that the fighting is so difficult that we are almost removed from it because of this violence? maria: we don't and i would agree. every time i see ukrainian officials they say that. given the fact that they have weapons coming into the country, the nature of the war will change. ukraine is on the defensive now but they believe if they get more weapons, they can now go on the attack and reclaim some of the attacks the russians have taken away. potentially, this is a war that will continue until the end of the year. for the russians, they have two weeks left to make some gain

from our perspective, any day we can go to the ftc and make our case for how we think we can promoteod day. i will be enthusiastic about making that case >> good morning. good to see you. >> hi, john. >> i have a very about what they are calling the metaverse. how should commerce work are you going to charge as much as 47% in transaction fees on your version >> i would be surprise fd you see something like that at microsoft. our point of view is there is not just one metaverse there are different scenarios that will meet different needs we have a critical contract with the united states department of the army at the same time we are looking at consumer services like gaming and lots of others i think from our perspective it's about building a broad system you have to have a platform that makes room for developers. one way to make room is you offer them a good deal i think you can look to microsoft to do that >> i understand the argument you are making for developers. going back to tim cook's argument, at the core of it he is saying you are sacrificing security when you have a more ope

the legislation but as you know there is the enormous amounthe of fraud in the cryptospace and the ftcere have been more than $80 million worth of scams just in the past six months of cryptoso what do you think of this industry is it innovative or is that a ponzi scheme and what does needs to be done to reign it in if anything? >> i definitely think there is a baseline innovation to block chain and as i understand it and allows you to transfer your money in a quicker way things settle quicker and to eliminate the middle person. so basically you're saving on transaction cost for remittance overseas or removing on —- or moving money one place to another also engage in contracts without needing a third-party verifier to have smart contracts and then think of textbooks distributed were everybody gets a token everybody wants to read college textbook and with that distribution will keeping intellectual property so definitely in my understanding there is a value that is being created your at respectful disagreement that is just digital gold but yes it could be digital goal but also partly val

the reports that the ftc may review elon musk's purchase of twitter stock as he is talking about it and now obviously may win the company. how do you see the current administration's anti-trust approach now and do you think it will maybe impact musk's twitter deal >> i think the administration anti-trust approach is something where we are in a new world of anti-trust there is a lot of uncertainty. there is agency action on seeking document requests that have no bearing to the competitive forces of a particular transaction they are done for delay or sometimes done for whatever reason i bring an example of amazon and mgm which i wasn't involved within either the government or private sector that probably took longer than it needed to take given the natural overlap. i heard the calls and recently one of the think tanks that doesn't seem to like a lot of mergers just called on the government to use anti-trust forces as well as communications authorities to block mr. musk's acquisition of twitter just on its face, i do not see a lot of overlap the government will bear heavy burden to explain

policies they have implemented since that time whether he be a realistic cafÉ standards the recent ftcrules for the ongoing threats that existing pipelines like line five in michigan created in hospital board environment for energy investment. meanwhile our constituents are suffering. recently a constituent wrote to me, not far from my personal home saying someone had trailed overnight a the hole in their trucks gas tank and stole their gas. this is the environment that biden inflation and president lightens energy policies have created and it could get. literally something needs to change. general macmaster a few months ago sir there were reports that the biden administration was actively restoring the possibility of terminating the line five pipeline in michigan for u.s.-canada pipeline which brings light crude oil and natural gas to canada and our states and states across the midwest. doing so would cost thousands of jobs and further raise already record high costs for energy. general macmaster what message does the biden administration talk about home and abroad? >> congressman the

we can, for example, stop the price gouging p let's authorize the ftc to investigate and prosecute on price gouging. that will bring down prices p let's attack corruption in washington head-on so we are saying members of congress cannot trade in stocks. let's cancel student loan debt. the president has the power to do that by himself, it would touch the lives of millions of people across this country. there is so much we can do. if we do it over the next 200 days, we are going to be in fine shape. this is what the mocker see is about. take it to the people. we need to get the work done. >> if we don't, we lose control of congress? >> we will be in real trouble if we do not liver what -- we do not deliver what i believe the democrats will lose. host: some of you texting us, tweeting us. the from twitter saying, democrats are in self-destruct mode. they act like they want to lose. from twitter, the democrats must emphasize how the republicans have nothing to offer. we cannot afford to have congress do nothing for the next two years. what is their plan to deal with putin, inflation or co

forward spam texts to the ftc. and to your phone company. if a text is unexpected, ignore it.ms are nothing new. >> given new life by the internet and another rebirth through iphones and android devices. >> as for john, we brought his case to safeway and they gave him a refund for his google play purchases. >> i was smiling. liz: with more people choosing not to answer their phones, spammers are turning to text messages. young people are the most likely to get scammed and senior citizens ultimately lose more money. still to come, the youngest ice getting phenom in the nation is skating off the ice. the big announcement she made this week. plus, a texas-based startup sent people to space for a weeklong stay. ♪ ♪ [ bird chirps ] springfest is back! [ sprinkler & birds chirping ] these are the mowers i was telling you about. and right now, you'll find everything your lawn and home needs this season. [ food sizzling and happy family chatter ] at great prices for the season. stop by lowe's now, for your happiest spring. >> building a better bay area, moving forward, finding solutio

part of that, she says, is getting the ftc to look into price gouging. to set the record straight. >> well, thank you for this opportunity, i would love to do that. you know, it's interesting, i mean, if truly -- i mean, let me just sort of phrase it this way, if we were price gouging, if we control the prices, right? because that's essentially what price gouging means. we are able to set the price for oil, you know, almost two years ago to the day we were in the negative. we were below zero, somewhere around -30. and why would we allow things like that to happen if we truly could control the price? you know, it is simply economics. it's supply and demand. over the last two years, especially under president biden, we have read the tea leaves where he has said, hey, we don't want you producing in the united states of america. jackie: right. >> we slowed down. not to mention the covid lockdowns. and when we get into negative territory on oil prices, oil is a slow-reacting commodity. we can't just gear up and slow down overnight. we can't, i mean -- jackie:

. >>> a group of senators asking the ftc to review microsoft's $68 billion bid to buy activision blizzard. elizabeth warren and shelton whitehouse have concerning over the tech industry. the lawmakers add they are concerned the deal could hurt efforts to hold management accountable for allegations of sexual abuse, harassment and discrimination back to you. >> all right big story there. we will get more later on. seema mody, thank you. see you in a few minutes. >>> after a tough first quarter, your next guest says markets are in a critical crossroads with the tight timeframe for any resolution it will all be about jobs and profit margins trying to get the bulls charging robert teeter is at silver crest asset management happy friday welcome to april, robert a huge april facing a huge headwind march was a decent month surprising many. how do you read the macro environment? >> thank you, brian. welcome to a newquarter. the big thing to point to is we are at a crossroads. the crossroads is the market is resilient in the first quarter resilient to inflation and the inverted yield curve the mixe

bureaucracy that will be out in vault under the biden administration with her antitrust division, the ftcto keep an eye on this because biden and the democrats do not believe in free speech and they will try to shut this down. that's it. >> sean: that's it. >> happy 25 years, sean hannity. i'm glad you are finally out of prison. oh, i mean, congratulations. >> sean: all right, ralph ran "the great one" mark levin. coming up the investigators released from the fatal shooting of "rust" police body cam video showing alec baldwin and is he in legal jeopardy? we will answer that question next. >> sean: musical authorities have released the first of troublesome videos from showing the immediate aftermath of the fatal film shooting sinemet photographer, alec baldwin, what a terrible tragedy that took place here. i keep looking at your screen and footage shows alec baldwin raise rehearsing with the weapon and handling the gun moments before the fatal shooting and here is alec baldwin speaking to authorities after a senseless tragedy. take a look at this. >> i don't want to do this anymore. and i'

you need real opt in consent which means you need the ftc to be enforcing efforts to manipulate that . you need regulations to show that you have clear, simple to understand guidelines for people to opt in. that should not be something that's happening 20 times every time these boxes are popping upbut the first time or second time you're choosing a service that you can get clear guidelines on what you want and what you don't want '. and that people are being manipulated. that's not going to solve the entire problem. partly people are constructing profiles as i mentioned in the book based on other people's data, they're able to get your profile through inference. so we need more than opt in consent. we need a fiduciary responsibility but opt in consent is a good first step to help with some of the worst abuses. >> i don't know if you've seen what they do in france but athe regulators there are so strict on opt in. when you are in the west friends and you surf the web it literally says i accept, i do not and you get to say no every time and it's especially the most fun. it's kind of a

think the -- encourage more competition in our economy, and have the right kind of enforcers at the ftc and doj. biden has absolutely put those people in place. let me tell you what i do not want to do, and what i want to warn the american people to be listening for. when you hear someone say the problem is there is too much money in the economy, make sure that what they are not really saying is, there is too much money in the pockets of hardworking americans. the traditional fixes for inflation are to raise interest rates, and lower wages. what we need to do instead is lower cost, and that is where i think you hear president biden focusing on things like improving domestic manufacturing capacity, improving supply chains, and making goods more affordable. we should be the party of abundance. >> it's not that there's too much money, it's that there is too much money in certain places. katie porter, thank you so much for joining us, i really appreciated. always good to see you. >> thank you. >> coming up next, how new rules from texas governor greg abbott are creating delays and chaos at

the ftc has given authority here, given listeners transparency to change the doubt. >> starks said hea station is backed by a country committing war crimes they can in the u.s. continue to broadcast. christi, it comes down to private companies doing what they want. you can't find sputnik in apple store, for example. so they aren't going to censor what they're saying. the most the u.s. can do is force them to krech sister as foreign agent, the companies that are putting them on the air and reveal where this programming is backed by. that's the capital of russia, moscow. >> right. that's important to point out. great questions there, by the way, alex. thank you so much. >>> you know, here in d.c., we're talking about winter. we're talking about winter in the midwest. storms in the southeast. we've got your easter weekend forecast which is a little dicey. stay close. ♪ ♪ nice suits, you guys blend right in. the world needs s you back. i'm retired greg, you know this. people have their money just sitting around doing nothing... that's bad, they s shouldn't do that. they're getttting crush

and the question is whether you think washington or the ftc or justice department will say this can'tgether would effectively increase prices everyone more. the political pressures on this will be enormous in large part because would he as taxpayers all gave the airlines an enormous amount of money as you know during covid. and now these airlines are turning around and saying actually, we couldn't survive before without your help and now we can't survive without consolidating otherwise we'll lose money. >> interesting. stay with us because we want to go to the white house on another economy-related issue. today they are set to extend the pause on federal student loan payments through the end of august. president biden's decision could impact more than 40 million people nationwide. so for more on this, let's bring in white house correspondent for politico and co-author of the playbook, eugene daniels. eugene, what can you tell us? >> reporter: me and my colleague michael strafford broke the news that august 31st was the date that the administration had chosen to extend these loans -- o

elizabeth warren once the ftc to come in and take care of price gouging.o is audit the fed and really figure out how our monetary policy in this country has contributed to something that is going to harm the middle and lower earning classes for decades. >> harris: we haven't talked about the oscillation between we are going to forgive all student loans, the poor people who already splayed theirs off the right way, they get nothing in this scenario, or not. they can't figure out the flex. everything is circular. >> emily: vivek, i want to come to about what november will look like. we know that the lights have turned on and the retzer flame. the titanic is sinking. it is expected that house republicans wouldn't launch multiple oversights investigations into the business dealings for, example, hunter biden or the butchered u.s. withdrawal from afghanistan that led to the loss of service members lives. all the factors that kennedy listed in so much more. will you be popping popcorn and enjoying those as a informed? >> vivek: read with its comic. a lot of peop

the ftc has looked at price-gouging and manipulation 50 times and each time they found no evidence that oil industry is manipulating and price gouging. reporter: executives from exxon shell, bp will testify virtually in front of lawmakers. they will get to address the accusations of price gouging head on. elizabeth: hillary vaughn, thanks for your reporting. congressman lee zeldin house financial services running for governor of new york. congressman ken buck from house foreign affairs. congressman zeldin your reaction to he had markky say -- ed markey says they're sitting on millions of barrels of oil. how does he know that? there are dry wells out there. is he doing seismic tests? is ed markey a driller now? >> right. obviously we know you're being sarcastic. the fact they're spinning reality. they're pushing out talking points as if we're all stuck in never ending democratic national convention. fortunately the average american is smart enough to realize this has been going on a long time as far as rising costs. we saw the stop, the stopping of the keystone xl pipeline project. we sa

. >>> developing this morning congress is asking the ftc to investigate an nfl team. committee said the owner of the washington commanders may have taken part in unlawful financial conduct. a spokesperson for the team denies the allegations and said the team will continue to cooperate. >>> happening today a closer look at how oakland voters feel about the proposed a's stadium, howard terminal. the stadium alliance is holding a news conference to release results of a public opinion survey that measured oakland voters views on public financing for the stadium as well as the luxury housing retail complex. the a's are seeking over a billion dollars from the city of oakland and alameda county for the development. >>> a live look at the oakland coliseum. while the stadium is home to the a's some new tenants have been slowly moving in. we are talking cats. the chronicle reports feral cats have been taking over since the start of the pandemic. its working with animal control agencies to help relocate them. >>> a live look outside chase center days before the warriors playoff

administration is extremely pro consumer and antibusiness i know i'm simply facing the music coming from the ftcey aren't pumping more of course, the oil companies are adjusts putin. biden sees the prudence as a silent conclusion to rip you off. that spells trouble for the oils and makes it clear the decisions will be second guessed by the white house. it's less business friendly than obama. i believe we are looking at the beginning of this regulatory intrusion. if you pit my consumer hat on, i naturally want lower prices for the airlines and cheaper prices at the pump. i have to recognize this government simply doesn't care about the stockmarket. there is no concern for your ira. the biden administration cares about your spending, biden bragged to me, he was the poorest senator. let's enjoy him. when you see a takeover bid in a concentratinged industry, you need to recognize that is a sell, ka-ching, ka-ching there is a chance to blocking the deem as they don't want to experience the same merger remorse as their predecessors in the obama administration i'd like to say there is a bull market alw

the firearms policy coalition threatening to sue the government writing in a statement that the ftc legalm is evaluating the final rule for litigation options. it will be seeking plaintiffs in the near future. joe biden announced the crackdown as he also announced the nomination. to run the bureau of alcohol, tobacco and firearms and explosives. commonly know as the atf. though it's likely that the former u.s. attorney for ohio will face an uphill confirmation battle some groups have labeled him a quote, anti-second amended exilic. >> any case you're wondering president joe biden admitted that he was going to the regulatory mall because he was having difficulty getting anything past the congress. the rule itself goes into effect on hundred and 20 days from the date of publication in the federal register. this d.c. legal right there if you're not familiar with that. you can look it up. that is of course legal challenge. >> yeah overheard some of the people are coconut. a rough start to the week for president joe biden. an economist said that it's now here today on the east coast that repor

people, and that is a great motivator: i definitely think he's going to have a battle on his head if the ftcroves the trade. or the buy. kennedy: they hate elon musk in twitter, and on twitter users are very, very worried, at least left-leaning users, that donald trump is going to come back to twitter. i think the it's fantastic. i haven't heard must have from him. in fact, i'm a little bit worried. christopher hahn, i think you might have a surprising perspective on this. you think that former president donald trump should be able to come back to twitter. >> yes, i do! because, quite frankly, i think we've forgotten how bad he is, and having him on twitter, let him say whatever he wants. look, i believe in free speech. i think -- i don't like misinformation. i think people can correct things on twitter. obviously a had a bigger megaphone there. i am not afraid of elon musk. i actually think he did a lot of good things with the electric car, and he's an innovate iser, and i think twitter could use some innovation like an edit button. the former president is a major political figure who's rea

what she wants to do, for example, is stop the price gouging, get the ftc to investigate, for exampley understanding what the main issue is or at least willing to acknowledge it. she then talks about attacking corruption, she talks about canceling student loan debt. what she's doing is doubling down on progressive policies. she thinks if they do that, then people will vote for them. but that isn't going to solve the problems that americans are feeling right now. that's not why they're upset. so, i mean, to me, the logic here is just, it's, it's comical. >> yeah. and, lara, when it comes to members of congress, i'm always skeptical about how hard they're actually fighting to help the country or the president as much as maybe their parochial with issues. maybe these are what gets elizabeth warren elected in massachusetts, but not what gets everyone elected across the country. when we look at the approval rating for joe biden himself. in january 2021, he had a 57% approval, 37% disapproval for his job. now he's got a 41% approval, 56% disapproval. so in just the few months that we've had