so we call upon once again the ftc to act.y have yet to respond to the letter of the ten senators of last summer it is time for them to act we need a watchdog at the ftc to take on this issue to fight for the public health in our country we need to block these companies from advertising the lethal weapons. thank you for taking up the cause. >> thank you i join my colleagues and condemning the marketing campaign. i think i'm the only person on the stage who carried an assault weapon for 23 years of lemilitary service and qualified as expert level. to fire those weapons. to kill enemy combatants to knock down the enemy so they cannot get back up and shoot back on the field of combat the enemy combatants who are wearing party on —- body armor similar to what trying to seduce our kids into coveting the gun maker itself admitted they wrote about the sickest phrase i can imagine in 2021 in a press release claiming, bragging the jr 15 "operates just like mom and dad's gun. some of the children in the's ads don't appear to be old enou

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the ftc says they have the authority to do this under the statute that governs the ftc the u.s.erce says not so fast, we're getting ready to challenge this in court. the really interesting question to me, tyler, is that all of the ceos of the companies who make up the chamber of commerce stand to benefit from this, right, because noncompete agreements among ceos have skyrocketed in recent decades all of those ceos would be free to jump ship and be free agents if this goes into effect and you wonder how hard they're going to want the u.s. chamber of commerce to fight this. >> what do you think the case is for fighting and winning this? do you think this economy has somehow changed to the extent that a lot of jobs need to be protected with noncompetes >> when you talk about the debate over this, the u.s. chamber itself acknowledges that there are cases where noncompetes are appropriate and in their view cases where they're not appropriate. they're particularly talking in the noncompete area where you have smaller wage earners where they don't have a lot of sensitive information. m

how is the ftc responding to these especially for those with limited english proficiency? >> thank you for your question. scammers flocked to areas where there's disruption. whether it's confusion and fear, it is a playground for criminals. while i can't speak from the perspective of the ftc, i can say, when we think about consumer education, education is best delivered in the moment when it is relevant. when there is an actual natural disaster, that is when we need to alert those communities to the fact that there will be criminals even the people going door-to-door, trying to take advantage of them at a time when they are hit hardest emotionally. informing people, never do business with someone who comes to you. never do business with someone that comes to you, do your due diligence. thank you for that question. but thank you chairman casey, i yelled back. >> thank you senator rosen. we are coming to the end of our hearing, and i want to start by thanking our witnesses, i will have a closing statement and then i will turn to ranking member scott. we can't think our witne

the bigger question is can the ftc actually do it?ed the question still goes on about regulation. let's turn our attention to the other key social media players. they will ban the popular app nationwide. we are already getting little tidbits. it is a specific action of how the texas governor statewide is trying to remove excess to tick-tock. -- access to tiktok. unsurprising that the banging of the drum keeps coming. twice it keeps coming. this was one of the loudest bankers of the drum. just waiting that he believes tick-tock is a backdoor into americans lives. he is putting this bill through. this was the national security review going on for years. there were a lot of republicans being very loud about tick-tock. maybe the democrats are being a little quieter because biden's administration is the one who is doing this in-depth national security review. it seems that tiktok are different to that process before they pile on or speak really publicly about what they think should happen with tiktok at large. quacks there response was to

blackburn: how many times have you called the ftc? mr. berchtold: we worked on an investigation in late 2019 or 2020. sen. blackburn: you called them once? mr. berchtold: that is the time we were able to have the information to work with them. sen. blackburn: why can you not identify a bot attack? you said you have a hard time differentiating between a bot attack and a consumer. of the local power company down the road can figure out when they have a bad actor in their system. but you cannot? do we need to make sure you have better people around your i.t. team? mr. berchtold: it is an ever-growing arms race in fighting the bots. they are not trying to break into our system, they are trying to impersonate people to get tickets on an automatic basis faster and putting fans and a disadvantage. sen. blackburn: american consumers. i have one other question if we do a second round. sen. klobuchar: that will be good. i appreciate your questions. next up, senator blumenthal. sen. blumenthal: thank you, senator klobuchar. thank you for your work o

so we think ftc -- ftc is worried about what might happen and we think that sums a very dangerous precedent&a across not only -- but broader entertainment ip. so we think this should go through. we think it will go through after it gets her all the objections, but intensive. caroline: we know that they have been making eyes at the viewer getting into gaming more and we've seen it as evidence. these are the companies that start picking off interesting companies and more kinds of come -- what kind of companies you see this consolidation occurring in? >> great question. netflix is building out a games business. this is a reaction to the fact that passive entertainment is losing out to interactive entertainment. passive entertainment, which is hulu were hbo go or netflix, is losing out to two-way interactive entertainment, which gaming has been a professional at for 50 years. so this interactive entertainment is where a lot of groups like netflix and amazon and google are moving towards. you are even going to see disney invest in the space in a much bigger way. i think that a lot of the cash on

. >>> and ftc chair lina khan will join us to talk about the big p news proposal that she made yesterday that would limit the use of non-compete clauses by employers across the country it could have a huge impact on business you are watching "squawk box" and this is cnbc i remember when i first started flying, and we would experience turbulence. i would watch the flight attendants. if they're not nervous, then i'm not going to be nervous. financially, i'm the flight attendant in that situation. the relief that comes over people once they know they've got a guide to help them through, i definitely feel privileged to be in that position. ♪♪ how will your business adapt to change? i you could hire an officed full of peyton mannings. what's up, peyton? good morning, peyton. hold for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp w

i see three, the ftc, fbi, atf, and local law enforcement. but what we need is continued support and additional resources. agencies involved in how it's all the greater issue. >> we need legislation in targeted education. that makes it harder for the scammers to attack our precious population in society. we can put faith back in the public system. we need to obtain bank records quickly for the suspicious transactions. on behalf of san diego county, i thank you for being in this critical issue to the forefront. i thank you for your continued work to protect the vulnerable seniors in our community. i welcome any questions the committee may have. thank you. >> thank you very much. we will turn next to ms. castigan >> hello. >> hi. my name is aurelia costigan. i was born in pittsburgh, pennsylvania. i was married twice. both of my husband's house passed. i have been a widow since 2008. that is when my second husband passed. i used to be a school bus driver. i also worked in health care for seven years. i am now require retired on social security

we think the ftc is setting up a very dangerous precedent. we think they should go through.ink it will go through after he gets through all the objections. is certainly an intense environment. caroline: this is an interesting one, netflix has been getting into gaming more. are these the sort of companies that start ticking up interesting companies? what kind of companies do you see this consolidation occurring in? guest: absolutely. netflix is building on the games business. in reaction that passive entertainment is losing out to interactive entertainment. passive entertainment is like netflix, hulu, hbo go. gaming has been a professional at interactive entertainment for 50 years. this interactive entertainment is where flicks, amazon, google is moving towards. you will see disney enter the space in a much bigger way. a lot of the cash on the balance sheet of broader technology -- tech companies will likely compete and enter into ways along the active $45 billion in cash. that gaming companies like the traditional ones like activision, blizzard, nintendo have. ed: used site

i asked ticke ticketmaster how many times have you called ftc said we have a bot he have a bad actor, one call. one call. that is it. they admitted to me, they only capture about 90% of the bots that get on their site. and so the bots, have built up there business of selling spec, tickets, that is what they are towing for upcoming madonna tour, you see this is stubhub. and they are selling spec tickets, pa -- they are toking are -- doing this because they know that you ticketmaster will not go after them and shut them down, they are confident you will allow the bot network to go. >> and capture these tickets, then the consumers be pay -- >> i paid for billie eilish ticket for my daughter in march of 2020, never got a refind, never got an e-mail from tick tick mastet master, you should break it up, they did not make good onbon the billie eilish tickets we should break up the ftc and ever other government agency, senator we have to go, you are lovely and amazing, i love your state. i hope you come back we can talk about this. >> you got it. kennedy: mar marsha blackburn. here is the tic

in 2021, according to the ftc, scammers stole one billion dollars from our seniors. a billion dollars. in 2021 alone in south carolina -- communities lost 48 point $4 million to scams and frauds. the consequences to this scam, fraudsters, our many for our seniors. including losing purchasing power. trying to maintain good credit. affording the cost of their homes. losing sleep. it is an absolute catastrophic experience when one experiences a scam or a fraud. scams also have unseen consequences leaving seniors depressed, embarrassed and feeling betrayed. for example, joe saxton, a navy veteran form south carolina last year. she received a call from two scammers impersonating law enforcement. they told her that several people in texas had stolen her social security number and opened up checking accounts. in order for her to avoid the ramifications of law enforcement, she had to send them $22,000 in cash. remember that this all happened over a single day. the sense of urgency and the pressure placed on these seniors to make fast decisions that have financial consequence

new ftc filings suggest he did.muggers stole his shoes rngs he says. also his claims he survived an attempt on his life. although he didn't want to talk about it today with cnn's manu raju. >> why didn't you file a police report about your assassination attempt that allegedly happened? what about being mug snd why didn't you file a police report about that? i have not heard a single report. >> no real answers from the congressman on those questions about his claims. there is nothing, though, absurd about campaign finance. jessica dean joins us now with more on his answers about that. what did congressman santos have to say about these amended ftc reports. >> reporter: not a ton of answers coming from the congressman today. he previously said he persona loaned his campaign $700,000. they amended the ftc filings, and the part where you would part that it comes from personal funds is now not marked. so, that's the big change. and there's been a lot of questions about where that money came from in the first place. and n

california senator alex padilla joining a group of democratic senators thursday to call on the ftc to investigate gun maker. we won tactical. the company makes a 22 caliber long rifle named jay ar 15, which has a similar name to the ar 15 rifle. the senator's referenced a marketing campaign that featured a child using the gun and say the company is breaking ftc regulations. >> leader schumer is right to call out the companies that are not just peddling weapons of war. but shamelessly pushing these weapons of war on our children. >> the call for the ftc investigation comes less than a month after police say a 6 year-old boy shot his teacher in virginia. all right. talk a bit about our forecast now taking a live look outside at the embarcadero where the skies are looking so pretty and blew up. they're checking in now with kron 4 meteorologist kyla grogan for the latest. hey kyla. hey, there, 70. so we have been cooler today than we were yesterday. this is the difference in temperatures half moon bay. >> i'm sure you noticing it's about 16 degrees cooler right now. you can see pretty muc

the ftc complaint, the impersonation charge, et cetera and where this goes from here?e saying nothing. and neither is george santos. obviously reporters including myself are chasing him for the last week and now in light of the new allegation by the campaign legal center, nonpartisan organization, a campaign watchdog group, he also had nothing to say and i'm standing outside of his office and keeping an eye down the hall because we tried to pepper him with question, including why he is not answering any and all he said was please give me some space and in a statement saying in port, voters deserve the truth, they have a right to know who is spending to influence their vote and their government and they have a right to know how the candidates competing for their vote are spending those funds. they are accusing santos of three separate violations having to do with campaign violence and this is not the first and assuming not the last we will hear about this because the ftc growing to a growing list of investigations into santos, including the department of justice, three

a lot of the ideas i'm hearing from you today sound a lot like ideas that we've heard from biden's ftc nominee. do you plan to support her nomination? >> guest: you know, i haven't made my mindom up yet. i haven't gotten the chance to talk with her much yet. but i will say this, i am impressed with'm her. i was impressed with her background and work in the area. i think she thought seriously about monopoly problems and her record and track record demonstrates that. and i think the kind of voice that she's brought to these issues is an important one. >> host: i want to switch gears a little bit. you are the only senator to vote against the bill targeting hate crimes against asian americans. you said it looked too broad, butha what do you think should e done to target hate crimes? >> guest: my issue with the bill is section four. to me this is an anti-free speech bill. as a first amendment guyana former first amendment lawyer, i take that seriously. the bill doesn't create any new hate crimes or change the hate crimes on the book. let's be clear, they are already barred. let's put it thi

how is the ftc responding to these especially for those with limited english proficiency? >> thank you for your question. scammers flocked to areas where there's disruption. whether it's confusion and fear, it is a playground for criminals. while i can't speak from the perspective of the ftc, i can say, when we think about consumer education, education is best delivered in the moment when it is relevant. when there is an actual natural disaster, that is when we need to alert those communities to the fact that there will be criminals even the people going door-to-door, trying to take advantage of them at a time when they are hit hardest emotionally. informing people, never do business with someone who comes to you. never do business with someone that comes to you, do your due diligence. thank you for that question. but thank you chairman casey, i yelled back. >> thank you senator rosen. we are coming to the end of our hearing, and i want to start by thanking our witnesses, i will have a closing statement and then i will turn to ranking member scott. we can't think our witne

and the ftc has not exercised that authority they ned to be doing it.orward one case but the point is, also, that these ticket platforms need to, when they know they have a bot in their presence, they need to give that information to the ftc. so that the ftc can go after this, so they can be blocked from these sites and so that fans, whether they're fans of the grand ole opry or taylor swift or any of the other, other ones that are out there, they can get the tickets for the shows they wants. >> and i am a fan of taylor swift, but it goes well beyond taylor swift >> it's a lot of them. >> she's got nashville and memphis and elvis and graceland. you can't compete here, i don't think, senator blumenthal. don't even try >> we have the best talent in the country coming out of tennessee, you're right about that >> across the board. >> a great state senator blumenthal - >> we're going to stay bipartisan >> it seems like antitrust is back and i'm just wondering, is there a problem just with this consolidation among too few players in this whole industry taylor

in europe, the eu hasn't moved yet, of course, the ftc. it will be a difficult acquisition to get through there is a lot of pressure here because it's -- you know, these big companies buying things has been under scrutiny, whether it's microsoft or google google can't buy much either so i think this is a deal a lot more at risk than i suspect people think it is you know, i don't quite know what they could buy if they can't buy this given the market that the chinese and japanese dominate, the gaming market. it is not microsoft that does. it will be interesting to see what happens and how they handle it, but they may have to get reassurances to regulators it will be much tougher than, say, the at&t deal a couple years ago that the justice department opposed. >> right finally, let's turn to the executive facing professional and personal heat. none other than elon musk. you guessed right. tesla is slashing prices as demand slows for their electric vehicles prompting a sell this morning. right now and during our show musk is fighting to move th

i don't touch any of my ftc stuff so don't be disingenuous.w every campaign hires fiduciaries. >> reporter: trying to dodge reporters after they filed updated campaign reports with federal regulators late tuesday. >> reporter: the new york republican recently claimed he lent his report $700,000 from his personal funds. those revisions would appear to indicate most of that loan didn't come from him after all but he is still listed as a source of the loans elsewhere in his filings, deepening the confusion about the source of the substantial sum. >> reporter: what was the source of your snunds why can't you divulge the source of your known. >> reporter: a loan of $500,000 and one for $125,000. boxes previously checked indicating they had come from personal funds were now left unchecked confounding campaign finance experts. >> either this is incredibly sloppy bookkeeping or he's saying this wasn't really his money and in that case, there's a legal question of whether this is an illegal passthrough contribution, illegal corporate contribution. ther

we had the ftc chairwoman about this proposal on "squawk box." here's what she said. >> when you're talking about executives and engineers and tech workers, for example, or those in finance, what we've seen is that these types of restrictions are basically depriving the market of new ideas and innovation because people are locked in, they can't go start a competing business. >> i am curious, you know, susie, i see you shaking your head what do you think about this >> it's funny. i wear two hats here when i'm teaching my students, i'm advocating for them, they're going to get jobs and then i'm also on boards and this makes it so -- i can't help it. i kind of hate this role because i'm thinking about it through my employer's eyes. the balance of power that has shifted from the power to the employee we're going through a change in the american economy and maybe that's a good thing. maybe it's long overdue. maybe the balance was out of whack. it's hard to be an employer right now. it's hard to hold on to employees and this is -- the noncompetes go, i

so even under the ftc standards, it seems like quite a bit more than 50%.oj can seek to question or take a second look at this merger between live nation and ticketmaster. the strange thing is this is the same merger that doj approved of 12 years ago in 2010. they can take a second look at it, but a good defense for ticketmaster may be the same defense facebook used when doj or when they were under government scrutiny which is hey, you approved us, you sat on your hands too long, you can't complain about it now. >> does this change the experience for those consumers? we saw a couple them, young women who were devastated had they couldn't get tickets to a concert that they have been waiting for years for, what happens for them? >> today, nothing. possibly in the future if this is a monopoly and if it is broken up, then that may lead to competition and that is essential. reportedly ticketmaster not only controls the primary market, but it has considerable control apparently over the secondary market. the resale of these tickets. so whenever you have a monopol

the ftc will accept public comments for 60 days before it can finalize the rule.ilkins, director of the office of policy plannin for the ftc, has worked on this proposal, and joins me now. most people associate non-competes with high-paying jobs, tech workers and so on. what are some of the industries and jobs that we don't typically sociate with non-competes that are impacted by this? >> you are right. 30 million americans we think are covered by noncompete spirit everybody from minimum-wage workers, security guards, folks who are flipping workers -- flipping burgers, journalists, nurses, or all affected by this. amna: about half of all states have rules limiting these are banning them. why is a federal rule necessary? >> one of the really interesting and disturbing pieces of evidence we have is that in states that ban non-competes, you actually see them and just as many contracts as states that don't. that means workers don't know what the rights are and they may be chilled from trying to find a better paying job even when those clauses are not enforceable. so a

ftc side, going after the microsoft activision deal.hey don't want instagram to happen again don't want facebook happening again or don't want another double click and this administration is really going after these mega mergers which will put a chilling effect on it. >> they don't want campaign donations from these company, do they >> if you break them up there's multiple companies to offer campaign donations. >> i haven't thought about it that way. >> and i don't know if we have a live look in here, but jonathan cantor is speaking at the department of justice presser going on right now, so he is a key official in there. there you see him at the podium with merrick garland he's a key official in all of this this does speak to the biden administration's whole agenda here when it comes to technology and sort of corporate monopolies as they see them more broadly. the president, remember, had an op-ed in "the wall street journal" just last week talking about his vision for what the technology industry would look like in the future and talk

independent company, it will be poised to take on the industry by acquiring competitors we have this ftcion, the ftc is really tough on deals probably blocked most things they don't see more consolation. doesn't matter i think this group has been starved. we'll have money and focus and therefore for space because they will do a better job and j&j is great capital and part of my charitable trust and we're sticking with it unless something totally nuts happens it bet it sees 200 here is the bottom line, look at the best performers in the dow, i bet chevron, honeywell, proctor and gamble, travelers and j&j can all repeat their excellent performances in 2023 "mad money" is back after the break. >> announcer: coming up, boom, bust and around the horn again last year commodities couldn't seem to make up their mind but a new year is underway, next meet jessica moore. jessica was born to care. she always had your back... like the time she spotted the neighbor kid, an approaching car, a puddle, and knew there was going to be a situation. ♪ ♪ ms. hogan's class? yeah, it's atlantis. nice. i don't t

california senator alex padilla joining a group of democratic senators on thursday to call on the ftcinvestigate gun maker. we won tactical. the company makes a 22 caliber long rifle called j j ar 15, which has a similar name to the ar 15 rifle. the senator's referenced a marketing campaign that featured a child using the gun and say the company is breaking ftc regulations. >> leader schumer is right to call out the companies that are not just peddling weapons of war. but shamelessly pushing these weapons of war on our children. >> the call for the investigation coming less than a month after police say a 6 year-old boy shot his teacher in virginia. closer to home in east bay. couple is looking for their dog after it was stolen from them at gunpoint as kron four's, dan thorn learned 2 robbers were involved. >> one year old french bulldog kalua is not where he should be. he was stolen at gunpoint during an attempted carjacking. they have kidnapped my tile that. >> exactly how i i don't wish this on anyone. i don't think anyone should go something like this. joanna lopez in preston, lyn

it includes actions like asking the ftc and consumer financial protection bureau to investigate unfairces and the justice department will investigate anti-competitive information sharing and rental markets and look at a rule requiring public housing authorities to give tenants 30 days notice before terminating a lease due to nonpayment of rent. >> it's great to have the white houses out about important tenant rights. >> reporter: shamus roller is executive director of the national housing law project read advocacy group fighting on behalf of tenants. because the proposal a good beginning. >> is what the biden administration proposing, does it have teeth? will it lower rent? >> nothing that they are opposed will lower rent overnight. some of ll ha an i >> reporter: making the problem worse, many state and federal protections against evictions put in place during the pandemic are expiring. >> were not going to wait for a lawsuit to save us. not going to wait for incremental eviction protections to start saving us. that would be great but it's not coming fast enough. >> reporter: many say

what was your reaction when the ftc contacted you and said, you may have fallen victim to a scam theybut it turned out to be true. >> how has the combination of this situation, this financial situation, and your health issues, impacted you? >> i am just recovering from being in deep depression. and i'm going to cry. you get to the point where there is no way out. i don't have the money to take care of myself. >> the complete episode of "impact: the housewife's scan, the real life of jen shah" new streaming on hulu. new episodes of "impact" drop every thursday. that's "nightline" for this evening. catch full episodes on hulu. see you right back here same

possibility in the states is that it will have to go to court to do that, facing off against the ftc.he main event in the uk, there's not a lot of transparency there in terms of what the antitrust regulatory body in the uk is going to choose to do here. we are expecting to hear something fairly soon. it's a panel for -- so, four-person panel. where's my notes oh no. >> david, while you look for it, we do have nadella's blog post already out. and they are eliminating 10,000 jobs through the end of fiscal '23. less than 5% of the total employee base. $1.2 billion charge related to the severance costs, and other changes, jim on a day where we got much smaller moves at companies like teledoc and unity software yesterday. >> well, look, right now, we're rejoicing in the tape -- the premarket tape i'm not so sure that's going to be the case when we sit back and say, well, we're about to get reporting. now, obviously, how's microsoft going to have an upside surprise if they're laying off all these people >> it's unlikely, one would think, but the market reacts usually positively towards comp

you want to give the government more power over speech when you talk about having companies prove the ftc whether they are politically neutral to getet section 230 immunity so itor seems these positions are inconsistent. i want to -- >> let me respond to that because that's important. i do think the government should regulate speech and tech companies, we need more free speech, not less. the problem with tech companies is a center of the basis of political viewpoints and that's why i come, we ought to break them up because the real issue is monopoly power and we ought to withdraw section 230 immunity engaged in behavior advertising or if they center on the basis of political viewpoints but i am against more government regulation of the company, i don't think it works at the end of the day. what happens is the more the government regulates companies and tries to fine-tune business models and speech regulation, the more regulators are captured by the industry and there's a big difference between myself and democratic colleagues. if you listen, what you hear from them is they want tech compa

shortages, egg suppliers engaging in an exclusive scheme to gouge and fictx profits, and they called on the ftc could have been price gouging rather than because of the shortage of chickens and eggs. >> wow, i can tell my kids about stuff that i haven't been able to bake because of that. steve, thank you i >> a bold claim. >>> is wicked weather heading your way >>> and there's a lot of tude packed in this tiny dude rich, indulgent chocolate with a luscious caramel filling. with love from san francisco. ghirardelli caramel squares. makes life a bite better. with downy infusions, let the scent set the mood. feel the difference with downy. ♪♪ look at you looking for the good stuff. two full servings of veggies and an excellent source of vitamins and a whole lot of flavor all before lunch time. find veggies. find a better start. find it in v8. not flossing well? then add the whoa! of listerine to your routine. new science shows it gets in between teeth to destroy 5x more plaque above the gumline than floss. for a cleaner, healthier mouth. listerine. feel the whoa! still struggling with ibs-c, mike

. >>> senate democrats are calling for the ftc to investigate the company behind the jr-15 rifle, saying the smaller and lighter version of the ar-15 was marketed toward children >> we must stop the raining of bullets across the nation. and stop this horrible marketing campaign not only so it stops but so that others don't do it because if this is left alone, others are likely to do it as well >> in criticizing the marketing tactics of the company, senate majority leader chuck schumer also made explicit referenced t the shooting of a teacher by a 6-year-old boy at an elementary school >>> who's going to get some rain or snow or whatever in between >> no tornados or anything too destructive. we do have about 7 million people under winter weather advisories, we kind of have two storms, one today, a clipper low, cold temperatures behind it, a little bit of snowshowers heading through areas of wisconsin and michigan and then another storm today into the northern rockies great for the ski resorts if can you get to them. and then we'll take this on saturday light snow for aurs like sioux falls

the ftc allowing the public 60 days to chent on the new proposal.approved, it would take man: i'm not slslowing down anynytime soon.n. if approved, it would take affect 180 days later. that's why i i take osteteo bi-flex x every day. itit's clclinically s shown to impmprove jointnt comfmfort in 7 d days, and cocontinues toto imprprove over t time. kinda lilike us. and cocontinues toto imprprove over t time. osteo bibi-flex. because e i'm mamade to m. >>> welcome back. robert honda is in capitola. what's the latest? >> reporter: well, i'm here at near downtown where as you can see behind me, a lot of destruction from the storm and you can see the huge waves behind us. to my right is the neighborhood where the people there have been basically flooded out. people are evacuated or trying to assess the damage and trying to figure out what to do next. that's of course something the capitola people are also trying to do and officials have called for a news conference later to decide how to deal with this storm. more details later. >> thank you. >> so much

congress took the language from the ftc act. for nearly a century.the ftc never interpreted that language to include the discrimination or disparate impact until after the cfpb's novel reinterpretation. this is exactly the kind of abuse of power that this board recently ruled against in west virginia versus epa. -- claimed to discover in a long -- and on heralded power representing a -- they could've been describing the cfpb. to make matters worse, the cfpb implemented this controversial change in law without going through rulemaking. this was possible because the cfpb is structured to be -- it can take funds from the fed, which also is not subject to appropriation, thereby doubly insulating the cfpb from congressional appropriation and control. this is why the fifth circuit recently found the cfpb unconstitutional. holding that it's funding violates the appropriations -- the court noted, and i quote, the bureau's perpetual insulation from congress's appropriations, power renders the bureau no longer dependent and as a result no longer accountable to

the ftc is saying you cannot grow by acquiring other companies.at's tough for a lot of companies. you have to focus on your customer base, on organic growth and focus on what you have, given the valuation metrics that people have. so when we have companies trading at high premiums, today microsoft announced earnings, and they're talking about slowing cloud growth microsoft takes 24 times earnings we own it, we have a small piece of it. it is a big part of the s&p. over 5%. we're getting to an area where i think investors will be looking to see what do i want to own for the next three to five years, especially if rates are going to stay where they are, if not a little bit higher. >> if you own microsoft, and if they're talking about the slowing cloud growth, does that mean you sell it at this point >> i think you would be very careful. we're looking at it very carefully. i think there will be other opportunities there. i don't know i would own it in the size that it is in the market i like the company i like a lot of attributes, cash flow positive,

the ftc, it fda have all found -- we need this product to insulate our power grids, to insulate our, whether lithium, cobol, etc.. those are hot middles when they have energy. the big issue becomes asbestos and its impurities in the consumer line, this is not been regulated. this is beginning to go away from congress -- you are nodding your head, thank you. away from our economy. this is a big talk on our economy because we have to pay for people who have been harmed by the impurities of this pestis they get into their lungs, into their body. -- there you go, smile. we are not talking about protecting truckers carting the stuff across the borders, we are not talking about protecting our consumer line. host: i think we have got the point, we will let our guest respond. guest: there is something to the call that is really important about the way regulation operates in relation to industries. that is, there is a learning process. this pestis, as she discussed, can cause great harm. for many decades, we have had an ongoing master settlement for those harmed by the development and product

does seemed like on the area more power over speech when you talk about having companies proved to the ftcwhether the politically neutral to get section 230 immunity, it just seems like some of these positions are bit inconsistent, i want to move on. >> let me respond to that that's an important point i don't think the government should regulate the speech of the tech companies, we need more free speech, not less, the problem with the tech companies they center on the basis of political viewpoints, that's why i've come, i think we ought to break them up because the real issue is there monopoly power and we ought to withdraw section 230 immunity if they engage in behavioral advertising or if they center on the basis of political viewpoints. i am against more government regulation of the company, i don't think that that works at the end of the day, i think what happened somewhere the government regulates these companies and tries to fine-tune their business model, tries to fine-tune their speech regulation, the more the regulators get captured by the industry, there's a big difference betwee

want to give the government more power over speech when you talk about theng companies approved to ftcer they are politically neutral to get section 2:30 immunity. so it just seems like some of these positions are bit inconsistent. trucks wait, wait let me respond to that. that is an important point. i don't think the government should be reagan the speech of the tech companies that should be more free speech notor less. i think the probit the tech companies is they censor on the basis of political viewpoints. that's why come to the view we ought to break them up. there real issue is the monopoly power. we ought to withdraw section 2:30 immunity they engage in behaviorall advertising. or if they censor on the basis of political viewpoints. i am actually against more government regulation of the company. i just don't think thatks workst the end of the day. think what happens is the more the government regulates these companies and tries to fine-tune their business model, tries to fine-tune their speech regulation they get captured by the industry there's a big difference in myself my de

an ftc -- nftz is going to close in february. we know that nft's, the demand collapsed.hy? guest: the ceo said the fund didn't attract assets. this was launched at the height of everything. he didn't speak the language, you were cool. now where are they? caroline: they're all talking about ai. guest: if a fund doesn't attract enough, it makes sense to probably close it. you put a lot of thought into it, he speak to the management and stuff so i'm sure they probably saw no future. i don't want to speak so much for them, but that's what the implication is. ed: is it that all etf's that have exposure with crypto are having problem's? guest: another crypto etf we wrote about, the ticker is wgmi. that was among the best if not the best performer. it doubled. it tracks a lot of mining companies and some crypto related firms and if you ask kwok, it's because bitcoins price is up 40% in january. performance of bitcoin is there. therefore kind of pulling up some of that crypto etf prices. caroline: it kind of feels like a macro story at the moment. a lot of correlation between bi

. >>> does the ftc's proposed ban on noncompete clauses harm competition.jon gray is going to be here to discuss the firm's prateqtyta ots and the stef ive ui and so much more. playin] ♪ imagine something of your very own. ♪ ♪ something you can have and hold. ♪ ♪ i'd build a road in gold just to have some dreaming, ♪ ♪ dreaming is free. ♪ accenture, let there be change. thanks to avalara we can calculate sales tax on almost anything, anywhere, automatically. avalarahhhhh. what if tax rates change? ahhhhhh. filing sales tax returns? ahhhhhh. managing exemption certificates? ahhhhhh. business license guidance? ahhhhhh. does it connect with accounting? ahhhhhh. item classification? ahhhhhh. cross-border sales? ahhhhhh. what about? ahhhhhh. ahhhhhh. do you have those budget markups? thank you. mmhm. [bubbles] >>> earlier this month, the federal trade commission issuing a proposal that would ban the use of noncomplete agreements in employment contracts would it usher in more innovation or more theft jon fortt here to weigh in what do you think? >> well, andrew,

in fact 89% of the students did not have internet access that meant the ftc performance benchmark of 25 and those that did lived in town. in 2016 i represented the schools and programs to create a consortium of tribal schools and libraries to bring high-speed internet. the goal was to provide students the same college and career opportunities. realizing that the work reached beyond the education and the infrastructure for improved governance and focused efforts >> healthcare. for the access during the pandemic. fast-forward to 2022 the work continues. the connectivity program constructing a 320-mile route for three more play blows in remote tribal lands. the springboard of tribal efforts to connect the institutions and our experience is proven that we can be our own solution to the digital divide. it's also true until the broadband fabric matures, tribal self certification of broadband availability is essential. in my rural community the map shows three residences. in total the school placed 500 miles the middle mile fiber that is important for the state of new mexico as it is for th

congress took the udap language from the ftc act for nearly a century. they never interpreted that language to include discrimination or disparate impact until after the cfpb's novel reinterpretation. this is exactly the kind of abuse of power that the supreme court recently ruled against in west virginia versus epa when the epa, in the words of the supreme court, and i quote, claimed to discover in a long accident statue on an heralded power representing a transformative expansion and its regulatory authority, and quote. they could have been describing the cfpb. to make matters worse, they implemented this controversial change in law by fiat without going through our rulemaking. this overreach was possible because the cfpb is structured to be on accountable to congress. it can simply take funds from the fed which also is not subject to appropriation, thereby doubly insulating the cfpb from congressional appropriation and control. this is why the fifth circuit recently found the cfpb unconstitutional. they held that it's funding violates the appropriate

lawmakers filed a similar claim with the ftc last year but say they did not hear back. >> administrators at a high school in danville are apologizing for a racist remark made by students during a basketball game last night. according to a statement from the principal, students use racist link which toward a member of the dublin high school team while he was shooting free throws. she added, "i want to be clear that in no uncertain terms, racist language and racial slurs will not be tolerated, if students are in school or elsewhere," and she says disciplinary measures will be taken. >> a4-part initiative to prevent hate crimes starts with reallocating money in the city budget. some will go to community organizations. other money will be dedicated to providing resources to victims. the city attorney and district attorney are working closely with the police chief on ways to prevent hate incidents. >> today's announcement builds on work by everyone here to address what has been an incredible spike in hate violence that started at the beginning of the covid-19 pandemic fueled by racist and xen

the filing comes days after the ftc filed suit against genesis and its 1-time partner gemini, the company laid off 30% of staff so the interim ceo shared, quote, we made significant progress, refining our business plan to remedy liquidity issues caused by the recent challenges to the industry, in court restructuring presents the most effective avenue through which to preserve assets. and him and for a quick exit from bankruptcy, court documents show they are aiming for may 19th to reboot. that would be quick versus other players facing bankruptcy. isn't the only crypto player considering a revival. the new ceo confirmed it is exploring restarting the exchange as a way to recoup funds. some argue this could create more customer value than selling the company for parts. he got his words in. spf tweeted this on the news. i'm glad mister ray is paying lip service to turning the exchange back on after months of squashing such efforts. these companies are in a bit of chaos, the latest month has seen a resurgence in the crypto currency themselves. we see green across the screen, bitcoin stabiliz