and ftc did and look what happened.he eu accepted the behavioral remedy and the other two regulators to not and that is what this is all about. the problem is microsoft still faces an extremely high standard in the u.k. to try to overturn that decision and a long path to doing that. i think it's chances of getting the deal closed are low despite the eu approval. jon: we will see what happens. great to get to -- great to get your context. coming up, with the clock ticking on the u.s. debt ceiling deadline, we will talk about what the next steps in d.c. look like as congressional leaders prepared to meet with president biden. this is bloomberg. ♪ >> if the u.s. does default, risk premium on everything is going to wipe out dramatic -- going to widen out dramatically. i probably want to play into that selloff but you will have risk premium in duration, and corporate credit and the equity market where the p multiple is going to take a very big hit. you have to have hedges in place, whether that is gold, whether that is the v

the ftc as it faces stiff reviews of its privacy policies.will also be discussing what it's doing about canada. let's check in how shares are moving at how more broadly the tech market is moving. meta-managing to hold up, down .1%, in line with the rest of the market, dragging some of the indices lower after what had been a lot of exuberance following a few of their earnings. from new york and san francisco, this is bloomberg. ♪ as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network, with no line activation fees or term contracts... saving you up to 75% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities™. we moved out of the city so our little sophie could appreciate nature. but then he got us t-mobile home internet. i was

by that thinking the ftc could block any merger the ftc's challenge to cause amgen to walk away i wouldn'tc-gen which has an excellent anti-cancer franchise. pfizer would give them that heft which is obviously bad for the rivals, but good for those who have incurable cancer. at the same time the ftc is suing to block the acquisition of black knight even though ice decided to sell the most problematic part this is the latest in a long list of mergers that the ftc has tried to stop. against the microsoft activision blizzard deal and tried to block meta from tying within on the latter deal a federal judge shot them down summarily even as they tried to argue meta could make a similar product themselves i don't even know what to say about that it's like the ftc treats all mergers guilty until proven innocent there was an incendiary piece where it was argued that almost all mergers are anti-competitive and benefit only the wealthy in the end i don't think khan cares too much about specifics these are designed to chill any deal yet any m&a activity at all even if it's in the least bit competitive

the ftc _ no, who wins? ultimately, they are us companies. the ftc probably i us companies.robably taking the most stringent view on this deal. what it might mean is that there is a divergence between the red glittery approach. it might mean that certain countries are going to try, reimpose new restrictions. the european commission has tended to be quite strict, including microsoft, google and facebook. usually, these comebacks tend to end in the european commission having to retreat and the us tech giants getting their own way.- retreat and the us tech giants getting their own way. thank you, senior market _ getting their own way. thank you, senior market strategist. - getting their own way. thank you, senior market strategist. the - senior market strategist. the company behind vice and motherboard has filed for bankruptcy in the us. vice media group was valued at $5.7 billionjust six years vice media group was valued at $5.7 billion just six years ago. ed can now be snapped up for around 220 found million. vice has been popular with under 30s for its digital approach to ne

same folks, chair of the ftc, work for them. here's what she said in a letter where they ask about again they name for personally to fort journalist by the name or two of the four. i think it's frankly courageous and brave of you to sharpen of the federal government's got an eye on your person hears with the for that letter any background check twitter has done on journalists. now think about that the federal government to sing we want you to do a background check on members of the press, freedom of the punch mentioned the first amendment and they are doing that they want twitter to do background check on you before they can talk to in america? the ftc led by lena who used to work for these guys is asking that question? now we know, we all know why you guys said at the outset this is the most chilling story. "new york times" bestseller award-winning journalist. all of your time in the journalism field this issue most important. i even called complex you called? >> of the ship industrial complex brickwork is web of big government

our ftc, very aggressive ftc reports it will seek to block amgen's purchase of horizon therapeutics thisd a while back, supposed to close as soon as may 23rd, worth about $27.8 billion, cash deal there you see horizon's shares down sharply a lot of people caught on the wrong side of this, but the expectation of what would the ftc see here as a key problem, but they apparently do this is reports, although a wide variety of them from news organizations of good repute we'll say it seems likely and not perhaps unexpected from this ftc. elizabeth warren has expressed concerns about the deal as well, talking about brazen price increases by both companies, particularly about amgen's 'em umbrella, an arthritis drugs two fast-growing drugs here, both orphan drugs. the question now will be what do we hear from the ftc where do they file do they file in california where they think they might get a sympathetic judge? do they go with an administrative law judge like they have so far with microsoft/activision jim, there is this larger question of innovation so many of these companies, smaller companie

caroline: so would say ftc action has not really been that successful.oes this come get -- give company speaking to more resilience or do they look more at what the u.k. is up to with microsoft? >> it really depends. companies that are more risk-averse will not want to put time and money into this. the increased antitrust is driving some of these things out. but really big deals like microsoft activision are still going forward even in the face of regulatory scrutiny. with that one, the u.k. has blocked. the ftc brought litigation against it that is supposed to go to trial later this. we are still waiting for the eu to make a decision later this month it is unclear if that one will go through. you have that many lawsuits, it is hard to go forward. caroline: it is great to have you. we're just talking about the worries around ai dominance. we have a great conversation in the world of generative ai with a leader scaling in itunes help integrate their tools safely and well into their systems. as talk about potential monopolies building in these ace, or want

so it's hard to get a read through, other than to say, wow, you know, the ftc is a being a little bit more aggressive here. hard to say that that will be a readthrough. because the bifurcation of the biotech market -- horizon is not -- horizon is a really big company, relative to many biotechs and while it's been an innovator, it's not an early science innovator. so i think the readthrough on this is actually, big pharma might actually look to smaller acquisitions and smaller biotech as a potential readthrough here, if, in fact, there's a problem again, as always is the case with biotech and with health care, like, one size doesn't fit all. it's hard to get a singular event like this as a total readthrough on the entire landscape or in the entire ecosystem. >> that's interesting. i was going to ask if you as a banker expect now a chill in deal activity in the space, especially from the big companies that might be afraid to make any acquisitions in this regulatory environment >> yeah, listen, this is not new news everyone has been trying to figure out how to navigate the ftc, right i d

slim chances for microsoft on appeal the other is the ftc in the u.s.s the reputation of anti-tech and against the tech deals going through the pipeline that will be a huge challenge. investors will watch for august when these two go at it in a courtroom. still a big mountain to climb for microsoft. it has the eu on its side, but two regulators stand in its way in the form of uk, cma and ftc >> arjun, thank you for the report. >>> still to come here on "worldwide exchange," a big win for peacock and sports illustrated new cover model embracing for record travel. we are have the top trending stories coming up. catch my conversation with the ceo of s.a.p. coming up at 4:30 p.m. eastern we have more on "worldwide exc exchange." we're coming back in a moment. d financial planner™? - i'm a cfp® professional. - cfp® professionals are committed to acting in your best interest. that's why it's gotta be a cfp®. >>> it is 5:30 a.m. in new york city we are just getting started here on "worldwide exchange." debt ceiling sitdown take two. president biden set to reco

the ftc says meta failed to protect the privacy of children on facebook. trying to make money from young users. gerri willis has that report next. ♪ ♪ good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. say goodbye to daily insulin injections with omnipod 5... a tubeless system that automatically adjusts insulin to help protect against highs and lows. try it today. go to omnipod.com for risk information and instructions for use. consult your doctor before starting on omnipod. (vo) businesses nationwide are switching to verizon business internet. (woman) it's a perfect fit for my small business. (vo) verizon has business internet solutions nationwide. (man) for our not-so-small business too. (vo) get internet that keeps you

what went wrong at silicon valley bank and what could go wrong with artificial intelligence plus the ftc flexing its muscles again suing to block a major pharma merger. plus a big interview coming up on cnbc later today. david faber sitting down with elon musk after the company's shareholder meeting. we'll get you ready for that, kelly, plus a lot more >> very much looking forward to it, tyler. thanks hi there let's get a check on the markets. the dow's down 223 points right now. the s&p down 9 to 4126 the dow still 30 points below its break even for the year. so it's in the red as of this moment the nasdaq still up a quarter of a percent helped by gains once again in nvidia and some of the other semi stocks. amd. home depot after earnings and disappointing guidance, shares only down 1 1/2% right now still down about 10% year to date and check out etsy falling after morgan stanley cut its price target saying it will be hard for etsy to grow sales and profit margins at the same time. their new price target is $74 a share and the stock right now tyler is below 92 down 6 1/2%. >> all right,

. >>> and later don't miss our exclusive interview with the ftc chair lina khan.he's going to be talking about the scrutiny of artificial intelligence and much more you're watching "squawk box" and this is cnbc >> announcer: this cnbc program is sponsored by baird. visit bairddifference.com. like your workplace benefits and retirement savings. with voya, considering all your financial choices together can help you make smarter decisions. voya. well planned. well invested. well protected. the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire ♪ (upbeat music) ♪ ( ♪♪ ) ( ♪♪ ) ( ♪♪ ) -awww. -awww. -awww. -nope.

maybe the cma decision was about showing that the uk regulators still have teeth over in the u.s., ftcnder the leadership of lina khan is almost in line with the eu looking concerned about the size of the companies and deals that sis a hurdle for microsoft. i think it has the eu approval big win. it has been working hard on the eu brad smith has been to the eu and met there multiple times the question is if the uk reverses decision and the ftc as well >> what about the context of our colleague marty soong's conversation last week with the prime minister this is the example of being a major company, you are deterred by the cma from the business perspective, the ckconcessions that microsoft is offering to regulators, is this payback from the acquisition of activision-blizzard? >> it follows the strategy of microsoft under nadella over the last two years microsoft was a closed ecosystem. you have to buy a windows pc and windows products and everything. what nadella has done is opened that up. use windows in word and other platforms. it is becoming more open you see a similar approach to g

against the ftc, you are looking at a long time period before there could be a final outcome. the cma, the say that appeal tribunal doesn't like the decision, they will send it back to the cma to look at it. in the u.s., even if the arm and log judge that will hear this trial rules are microsoft, the ftc can appeal and it will go back to commissioners. the very three commissioners that voted to sue so there is a good chance that could be reversed and at which point caps off activision could appeal but we are talking way into the end of 2024. a long time frame if they want to have success. lisa: bobby kotek -- ed: bobby kotek has sent, emailed statement and he says -- the bit that jumped out, although they required astringent remedies and i think that is a referred access -- 10 years of access to platforms of call of duty, catherine, remind us when they go back to the cma and make the appeal, they are not necessarily appealing the decision in itself. they are appealing the decision itself. remind us what happens to happen. katherine: they don't look at the merits of the decisio

the ftc the attorney general can used to hit big tech. as was observed in the opening comments government power over big can have a bad effect on free speech. aiko out with its open end is terms and government imports meant the government can employ an internet platforms to silent government critics. i welcome the committee's questions. >> thank you very much. ms. lewis thank you for being here. >> chairman klobuchar and ranking member lee, thank you for the invitation to testify. i'm here in my personal capacity and not behalf of any clients. last congress showed strong bipartisan support for antitrust reform. especially for bills that would curb big tech and big pharma's monopoly power. there is a lot of common ground here. this committee advanced a coat in the open at market act on a bipartisan basis you deserve credit for doing so. enforcers as well as private plaintiffs are currently seeking relief in court to address some of the gatekeeper platforms anticompetitive conduct. butts, the unique challenges of digital market plus the tim

the ftc seems to be against big mergers.e does not approve of remedies that are only temporary, if a deal does not work on its own rights. a tough hill for activision-microsoft decline. haidi: chris palmeri, senior editor with the latest. here is a quick check of the latest business flash headlines for that headlines. shery: filings show his hedge funds snapped up shares of first republic before it was bought by j.p. morgan. it also bought shares in pac west, western alliance and new york community bancorp u.s. equities portfolio had a market value of 107 million dollars at the end of the first quarter. japan's biggest banks refraining from share buybacks despite predicting their highest profits in years. they are citing risks from the collapse of u.s. regional banks in the gloomy outlook for precaution. they said they will hold off on any buybacks until there -- results. this contrasts with the result among other japanese companies. investment management calling for a board room shakeup by energy in a letter to the u.s. pow

why the ftc is going after the menlo park-based company for the way it handled kids' data. our cucustomers dodon't do what thehey do for likes s or followewers. their papath isn't for ththe casuallyly curious. and that's's what makekes itit matter ththe most when t they find i it. the e exact thining ththat can chahange the wowo. some s say it's whwhat ththey were boborn to do.... itit's what ththey live toto . trinet s serves smsmall anand medium s sized businines. soso they can n do more of whahat matters.s. bebenefits. papayroll. comompl. trtrinet. peopople matter.. as a proro, floor anand dr is m my go-to toto get it al. tile, woodod, stone, as a proro, floor anand dr is m my go-to toto get it al. ininstallationon mamaterials, t tools — they've gogot it all.. and, they'y've got my y b. they've gogot it all.. at flooror and decoror, witho bebenefits andnd services,, we've gogot you covevered. discscover flooror and decoror! we've gogot you covevered. >>> the federal trade commission says meteta misled parentsts wht comemes to messengerer kids app. ththe agencyy says the

if the ftc goes down this path, none of the smaller companies has the ability to make what they thinkrometheus didn't have enough money to launch the big stage 3 trials they needed >> that is often the case, and that's why we report on these deals, usually at very large premiums, where big pharma is buying a company that is still in phase two, there's still some risk, or early phase three, but to jim's point, it's very expensive. a lot of these companies don't have a sales team to begin with as well, if it's a drug that's going to be broadly sold in that way. and so, that's what they do, and the idea, again, back to horizon is if you chill that, you know, are you actually stopping innovation as opposed to enhancing it guys, wanted to talk a little more about a.i., as we should every day. many of us listen to sam altman on the hill yesterday. and i sat down with elon musk. we got to a numb number of his thoughts about a.i., including whether it has the chance to destroy humanity >> you talk about enhancing humanity i'm curious, then, about a.i many people say it will lead to great prod

that i think is why the ftc is going after this company. >>> how are our oceans changing? the new research along our california coasts. vianey is breaking it down for us in our "climate in crisis" series. >>> making sure no one feels like they're on their own. the push to make more people aware about stuttering and the impact we can all make. >>> heading over to our assignment desk to catch up with our assignment manager, gonzo. as usual, he is busy working on a number of stories for us. what's going on? >> earlier this week, d.a. brook brooks announced the decision not to charge a san francisco security guard who shot and killed a shoplifter. today a resolution to ask her to reconsider her decision or release more video evidence to support her current decision. >> >>> crews inn s san jose moppinp after a water maiain break j ju bebefore 2:3030 a.m. near easas trimblee road and junctioion ave in s san jose.. the crerews were a able to shut water off. they say a fire service line caused that leak. >>> right now, "climate in crisis." the ocean covers more than 70% of the sur

he was in the ftc for for many under the obama white house. he's a law professor at, i think nyu of columbia. and he's he's great. he goes, i wrote a memo for biden, the executive order last july on antitrust that identifies 72 specific actions that the administration can unilaterally take without any further congressional authorization. they're real deep cuts. it's like we can use this like 19th century meatpacking law to do this to cargill, right. and we can use this railroading law to do that. and it's 72 of them on a timeline. they've hit every mark. they're just working their through them one after another in the you've got jonathan kantor. jonathan kantor is an amazing trust buster. he recapitulated the greatest moment of jim comey's career. there weren't many of those when comey took over the ny southern district of new york, he gathered his prosecutors and he said, who among you has never lost case? and when the bright kids their hands up and said, i've never lost a case he said, you are the -- club because you only pick on people who

thank goodness the ftc is finally looking into this. host: i do know that that is a passion of years, glad you got to talk about it as yours. glad you got to talk about it. caller: thank you for taking my call. i've been so frustrated with the spending of this administration and all of the things that they have not taken notice to take care of. like sending our money to ukraine. throwing people out of hotels and such. all of this stuff going on with biden and that family. all of that money. is he ever going to have to pay the price? i love your work. i love what you do, i love who you are. i am paying double on my insurance. i had to go back to work. i'm a retired person. is there any light at the end of the tunnel for us? guest: yes there is and please don't ever give up. we live in the greatest country in the world. you hear about people trying to break in, you don't hear about anybody trying to break out. i know that times are tough and yes, spending is out of control. that's why we have a debt ceiling. that is why what is going on r

the deal hinges on microsoft's legal challenges to the ftc and cma.-- for the fourth consecutive session, especially in the topix. we would touch fresh 30 year highs. the kospi is also gaining ground, 6/10 of 1% after it fell to 81 month low. we saw the risk off sentiment -- fell to a one month low. the asx 200 on kiwi stocks a little bit down. haidi: and it is those rivals and the uncertainty after the u.s. recession risk and uncertainty out of china and recovery risk and this is playing out when it comes to broader commodities. oil, we see crude edging a little higher at the moment. u.s. looking at crude for strategic reserves. we are seeing gain when it comes to crude markets at the moment but that is coming ahead of the data dump out of china and we are watching iron ore which is seeing gains for a second day as prices in china show signs of strengthening. this is bloomberg. ♪ david: good morn

thank you. >> now to the baby formula makers at the center of an ftc investigation.jor investigation into whether the largest formula makers colluded while bidding for lucrative state contracts for wic. according to documents posted on the agency's website. in order to provide formula to low income families, states select an exclusive manufacturer in exchange for discounts. well, those contracts can be profitable and the ftc is also investigating whether the possible coordination affected sales outside of the wic program. abbott laboratories, one of the largest formula companies which sells simulac tells the wall street journal it is cooperating with the probe and nestle which provides gerber formula for the wic program confirming it received a request for information from the ftc. wreck it the maker of infamil and the third company that is often receiving wic contracts told the journey it cannot comment on specific investigations. so many people wondering, what does all of this mean for you? investigators will look at whether this alleged collusion may have impacted

i mean, you have an ftc that's gone wild i think.i don't buy drug stocks for yield i buy them for growth and that's why the club likes eli lilly. let's go to steve in florida steve. >> caller: boo-yah, king jim >> king jim? nice i'll take it what's up? >> caller: jim, i'm wondering should i either hold or should i treat it like an old sick cow and take it behind the barn and get rid of it? >> which stock is that that's a radical solution. here's the problem i don't recommend stocks that are losing money on "mad money" because i don't want people losing money so the answer is -- let's go to aaron in illinois. erin >> caller: hi, jim thanks for taking my call. i own shares in evri, evri holdings and wanted to know your thoughts on the company -- >> evri is good -- i'm sorry to interrupt. evri is good but draftkings has got a moment here. in the 23 to 25 area that i think is better than your situation. that's what you want to go with. let's go to michael in tennessee. michael! >> caller: hey, jim. my question is on global foundries, gfs

by the way on friday, pfizer and cjen submitted paperwork to the ftc for its emergencier which be thef it were to go through the ftc has 15 days to object before the two companies go ahead with the transaction. good luck. the april retail report showing food and drink sales actually climbed to 9.4% year-over-year as americans appetite for dining out continues to be wetted because sometimes, dining out is less expensive than shopping in the grocery store but do they have the stomach for forking over extra dough for the tips? especially when there was no service. this has become a thing, madison madison alworth is at bryant park with more on tipping fatigue. reporter: hey, liz. it's definitely become a thing. i talk with my friends about it all the time. now we're not talking about sit- down restaurant service where it's expected in the united states that you tip your server. we're talking about those little kiosk things that are flipped around when buying your coffee or getting counter service food and are being asked to tip. it's very effective and now, it actually has a nickname. peo

the ftc regulators made this accusation against meta. the watch.is improperly sharing user data miners despite agreeing not to. and now the agency wants to bar the company from being able to release any new features or products until a third-party audit inspects the privacy policies. it also wants new limits on met his facial recognition. tell technology if approved these demands could threaten, met his business. a company spokesperson called the ftc's proposal a political stunt and they say it's a new low in antagonizing their business. >> well, is rolling out a new service that will let users access their google accounts without entering a password each and every time it's called pass keys and it would let you use any security check option that's on your device already. that could be if you're on an iphone, maybe facial recognition. if you use a pin number, if you prefer a thumb print on your phone, google will use that to law guy. went to the web site that you're visiting passwords, therefore will no longer be required. but the kind of nice goog

the ftc has announced it will be suing and makes that argument undermined a little bit. i want regulators saying ok but to saying it is not. ed: our colleagues call it a slog to get this done. in december when the ftc sued, the response was they will fight it in court and that case is scheduled for august. investors have said it is completed possible we have a situation where three different regulators give three to from outcomes. we know because we spoke and activision will appeal to microsoft the cma decision but they have to appeal it the decision-making process on technical grounds. they will fight the outcome if it comes today and it is important because people see increasingly lower likelihood that this will get done. alix: what happens to the stocks here? ed: it does not necessarily analogous but remember how we track the twitter deal and in the activision case, you don't see such wild swings but you use it as a soft proxy for how the market reads the likelihood of the deal. that was a big reaction on the day of the cma reaction -- decision. guy: it will come back

for the pharma sector and could signal a transition for a tougher approach under the ftc chair linahan. it's usually been pretty immune to this kind of thing because it's pretty easy the fact that lina khan has come out here and taken this stricter stance doesn't bode well for pharma deals down the line she's made clear she wants to take a stricter stance and it's clear it's hitting the pharma sector this time around. >>> pfizer has reportedly sold more than $30 billion of debt in t the fourth largest u.s. bond sale it's in order to finance a bid and acquisition. >>> coming up on the show, president biden says he will cut his asian trip short over the concerns that the debt ceiling plan may default it makes it realy and seamless pick an order print everything you need slap the label on ito the box and it's ready to go our cost for shipping, were cut in half just like that go to shipstation/tv and get 2 months free let's race! put your foot on the just lik pedal for speed. yeah! reliability. it's showtime. here we go. and power. introducing the xfinity 10g network. that was awesome.

the ftc, abba, and nestle all deineimagi to become subscription-based, no bike needed.p. prices range from free to month. this is peloton struggles to adjust after sales of its bikes dropped after covid lockdowns and dave. kumasi: two months away from a beloved bay area competition. reggie: the world dog is sur competition is scheduled with both veteran borders and rookie dogs fighting for the award. the event will include a dog fashion show and pet adoption strength if you do not have a surfing pup and wanted to attend, the competition is free to watch. i would go watch this. jobina: you can also enter your dogs in the fashion show. reggie: true. drew: do you have to be on the board with your dog? reggie: i do not think so. kumasi: just give your dog to the professionals. let them handle it. reggie: we could just go and try it. i do not think it is that complicated. that will not be their first time in the water. drew: this morning in the santa cruz area. a lot of fog. live look showing you it is sunny above the fog. some sunshine in right now, but for a lot of us, it

it can't just be the ftc.t interviewed the head of the ftc, they're trying to use current laws but it's not enough. so we have to think about where it's going and maybe even contemplate a new department that looks at these digital issues much more strongly, staffed with experts and see what we can do from there. it's not the worst idea in the world. i know sam raised it today. >> we'll see what congress comes up with. i wonder if you think they're equipped to deal with it. obviously chuck schumer, he talked to so many a.i. experts to try to figure out legislation but can congress do this? are they equipped? >> well, congress passes laws on banks, on cars, on planes, all kind of things, pharmaceuticals. maybe it's not perfect but they're certainly capable of doing it. every now and then like today lindsey graham in his questions about -- and sam was trying very hard to differentiate and there is always one of those senators that do that but in general i have found lots and lots of senators and congress people,

to manage this rising unrest amid the workforce >> and also just on the wires getting news that the ftc has sued amazon or ring's doorbell privacy. what can you tell us >> yes, i can bring you more as i find it, but ring is its security camera devices. and i'm looking at the suit now and it is claiming that ring employees an contractors were given unnecessary and unrestricted access to cus customers' sensitive video data. and they are so widely used that i don't know how wide this is, but it is saying that it didn't limit access to customers' video data and that there was some, you know, some liberties taken this certainly isn't the first lawsuit there or look from regu. so this is piling up too not just for amazon but for the other big tech companies also. >> i guess they will be requiring ring to destroy all pre-2018 home security recordings covered by the settlement interesting stuff. deeri deidre, thank you. >>> coming up, lights, camera, action a big push to turn las vegas into the next hollywood. what if we live to 100. i don't want to outlive our money. i keep eating all these ch

the ftc is doing what it can to protect consumers.t may include expanding regulatory oversight of the new technology. stuart: adidas is getting backlash over its new woke campaign which features a male model wearing a woman's swimsuit. tomi lahren deals with that in our next our. nancy pelosi's border is seen by senator dianne feinstein's side on capitol hill, concerns she may be putting her up in the senate for political purposes. missouri senator josh ali will join us shortly. leaders from washington and silicon valley are raising alarms about china using artificial intelligence for warfare. grady trimble has the full report. ♪ the all-new chevy colorado is made for more. bring more. ♪ do more. ♪ see more. ♪ and be more. ♪ the all-new chevy colorado. made for more. ♪ my little family is me, aria, and jade. just the three of us girls. i never thought twice about feeding her kibble. but about two years ago, i realized she was overweight. she was always out of breath. that's when i decided to introduce the farmer's dog to her diet. it'

the ftc proposed a rule that would ban them.t happened yet, but they are taking a hard look at it. >> these contracts aren't just a problem for the nurses. explain to me how they're a problem for patients. >> well, indeed, because here's what happened, in situations where nurses of any kind of situation where to complain, maybe there's a not staff, they're concerned about various things, they don't dare. because if they leave before that term is up, they go into debt. so patients really suffer, because these systems are working the way they're supposed. do you want nurses go to the mystery shun and say, hey, this isn't working right, right? >> yes, they're the safety guards. i want you to go back, they go into debt. hca is a publicly traded company, the most profitable possible system out there. and these nurses are opening up credit cards to pay back for their training. where does ethics fall into this, hca? >> hca made over five billion dollars last year. >> with the letter b. >> yes, billion. many of us live in communities wh

are you setting yourself up for major problems down the road >> i don't think you're afraid of the ftca has been on the door talking about this stuff, she had a "new york times" op-ed i want to see more specifics how to implement these rules i don't think the vague threat of potential regulation, which google has been under threat of for years now, if not longer maybe over a decade. the fact that this stuff is coming at google, i don't think that's going to worry the company very much. one of the things she talks about is, you know, if you scam or generate text unside a generative model, then maybe the model will be held libel under what rules and regulations? are we going to prosecute microsoft for typing up scammer emails in microsoft word it's very shaky, and i don't think google can use that as an excuse >> and that was what the tone of the memo indicated, as well. alex, thanks for joining us today. appreciate it. >> thank you >>> alphabet shares up 2.5% right now. in a programming note, character.ai are set to announce a big partnership with google cloud, and the ceo will join us

the ftc said scammers target people who want to work from home.s higher risk for tech workers. >> i would say do your homework. >> reporter: she is with the hr association. they recommend a few extra steps before you hand over any info to an online recruiter. first, do a google search for the company name. see if the website matches the authentic one. if not, beware. be leery of recruiters who tell you to buy a fence or laptop from them before you start a new job. >> i would be cautious about purchasing equipment. >> reporter: it is likely a ploy to steal money from you. make sure the email address machess the real website. figure out if they are who they say they are. >> never give your information to anyone who can't validate their identity. >> reporter: finally, insist on speaking to the recruiter and teammates. ideally in person. he only interviewed by text. >> if they're only doing a text interview and nothing more, i would say that's definitely a red flag for a job scam. >> reporter: so what happened with diego. his friends encouraged him to

i am particularly grateful to chief justice roberts for his counsel during my time at the ftc. given those relationships i have for the judges and justices, it is awkward for me to be here. and i do not doubt the sincerity of the submissions of the chief and the justices the court have made to this committee. they are given ingrained sincerity. i am here because i think more is needed. over the decades, the court has been our most trusted government institution, are outpacing the legislative and executive branches in paul's measuring public confidence. that status has eroded significantly. only a decade ago, two thirds of americans said they had confidence in the court. now it is exactly the opposite, about two thirds say they have little or no confidence in the court. some of that erosion has had to do with controversies surrounding decisions come one would be naive not to say that. but there are other factors at work. there is a persistently hyper-partisan political environment, an increasing the contentious confirmation process, the near disappearance of civics quickening fr

>> legislation would be part of it but the ftc is part of it the attorney general we have laws in place us some tools on price gouging i'd like to see us do more that would be the legislation part states also have price gouging laws and can bring those to bear partly, you can jawbone on it, too. the chairman of the fed, the president of the united states can talk about these industries with specificity about who's in there pushing prices up more than is justified by an increase in cost. >> i hear from a lot of people who have been saying knowing we were going to speak with you today. they go normally i'm not a fan of senator warren's but they say i agree with her on this issue they may not agree with all the reasons you cited, but they say the fed is going to create a lot of job losses if they continue to hike here there's odd bedfellows the progressive you on this and the people who are deeply in the markets are both calling for a pause here because they're concerned there's going to be a lot more pain to come economically speaking. >> what really troubles me about that is that the pai

according to an ftc study, one and five consumers had errors and at least one of three credit reports. one in 20 had errors that affected the likelihood of receiving credit or affected the credits, they are credit right. more than 200 million americans are in experian, equifax, and transunion credit reporting system. that means potentially, 40 million customers have errors on their credit reports. in 2022 reports, financial protection bureau fired at equifax, experian, and transunion brutally failed to adequately respond to consumers with evers and that reports. after this report, the creek credit reporting agencies instituted some reforms to better respond to consumer complaints about errors when they're credit reports. it's an important, long overdue first step. but errors like mixed files, or the information of different consumers appears in the credit file, are still far too common. mixed files are such a pervasive problem that in 2015, 30 attorney generals settled a lawsuit with three credit reporting agencies, understanding you are not ceos then, over this problem, among other r

ftc wants to block meta from profiting on users under 18. tell us more. >> another great question. so again, i just mentioned the fac that in 2018, we passed this major privacy bill that protect everybody. including kids. but this now specifically targets meta/facebook. who have been violating kids' privacy and teens' privacy for decades. and this goes after them and really holds them accountable from the federal trade commission. they're the main enforcement agency in washington, d.c. that can fine and punish companies like facebook and instagram. remember, they own instagram. that can violate kids' privacy. this action by the federal trad commission ftc, is actually a strong enforcement action and it's going to happen. and it's the exact kind of restriction o companies like meta, facebook, and instagram that should happen. so when you put these three together, amanidae, you see a major momentum on behalf of kids and families here in california and across the country. and i am optimistic that personally both cosa and senate bill 287 will pass but also enforce the kids' privacy law

even despite of the ftc move, the doubts over pfizer on top of amgen/horizon, you say, go ahead withde >> i think so. it's dampened the day, for sure. i mentioned it earlier this week, this was definitely one of the variables at play. i feel like the negativity around bio tech has been so prevalent for so long and so many of the negatives in terms of the narrative are out there, that it's just -- it's time for the space to do better i do think other deals will happen, maybe this horizon deal, there's things about it that make it unique, but there's plenty more, you know, in this sector to choose from. >> jared, great to see you thank you so much for coming in. >> thank you >> jared holz. carter, going back to you, you called that chart god-like, so, do you agree with jared's call >> well, so, it's the most -- it doesn't care about currency, doesn't care about putin, doesn't care about tesla or nvidia it is, of course, overowned. the question is, does that group manage care, which is literally triple the health care sector, continue now from -- i don't suspect it can and will. >> one

the spartak player, using sign language, for which he was also removed following the meeting of the ftccted the mistake made by the judge and canceled the punishment in this way. rosha will be able to play saturday's match against krasnodar, as the head of the press service of spartak dmitry zelenov said, the club will request the full text of the committee's decision and then appeal it. the meeting between krasnodar and cska will become a kind of rehearsal for the national cup superfinal and , of course, its significance is emphasized by the status of the winline, the match tour, the army team are struggling with spartak for silver and after the defeat in the derby has no right to our problems with the motivation of the team. fedotov will definitely not be this spring cska enters. only two defeats in the national championship are very strong. it is not surprising that the muscovites are the favorites of this meeting, but they have their own trump cards. at krasnodar in the last round, the backs defeated rostov three zero. but the karpin team is also fighting for medals, it can be noted

. >> we have an ftc here, which is an activist ftc which is outspoken about deals.t we've been saying the whole time. big tech is not going to make any deals, because they are too big. >> they're not going to listen to this. i -- they can -- they'll listen to it, come in one year, but i don't know if it's going to move it i will say, i don't think this deal is -- is something that really pushes out all competitors. i look at microsoft's place in hardware, the console balance there, and their ability, also, to offset a lot of these services, so, i think the deal gets done. and it's just -- leaves you with who is next to go down there aren't a lot of people left, and, you know, that may be the place to be looking for the trade. >> microsoft, as a shareholder, do you think that microsoft needs this deal now? it's got this -- it's got a.i. now, it's got a.i., and a.i. is going to add to earnings in so many different ways, courtney. >> yeah, i don't think they need this deal. i think they have plenty in their pipeline that are going to be beneficial to them. i think it w

and the ftc in the u.s. of already created massive roadblocks for this deal.the u.k., they are concerned about this and maybe more than other countries because so many people in great britain play call of duty. that is the biggest product that activision sells. that's what microsoft will be getting a hold of. it's a global, multiplayer video game that just attracts a ton of activity. the question is, is the eu approval going to make it easier for microsoft to go back to u.k. regulators and say give us another chance? jon: it seems like it will be a long road ahead but it gives them a fighting chance is the market responded to that today. speaking of the markets, we continue to watch a day where the s&p 500 has been basically around the flatline and we will watch the market tone. this is bloomberg. ♪ these days, our households depend on the internet more and more. families grow, houses get smarter, and our demands on the internet increase. that's why we just boosted speeds for over 20 million xfinity customers, on us. so you get more of the speed you need for d