the ftc was so adamant.rnst young leaders feared that the ftc would take exception if they chose to withdraw from the case. oh, on the one hand you are harassing twitter and then you are saying the guy we have selected ernst & young the accountant we selected to be the factfinder you better find what we want. if you try to get out of it we will retaliate against you. that is frightening. we talk about the weaponization of government, tell us the journals you were talking to. that is what we are concerned about that is what has to change. you can comment if you want. i am reading from motion filed today in court. it is amazing to me you do not even know who this person is. your lawyers deposed him for he is the guy you set up as the factfinder and you did not know who he was did you sign up on any of those 12 letters sent to twitter in that timeframe? we are fortunate to have a lot of work underway a lot of work is delegated to the front line staff that are able to move quickly and nimbly to make sure progres

similarly in 202083% of ftc employees agreed they had at the highest level of respect for ftc senior leaders. again in 21 that dropped to 49% and in 22 to 44%. in 2020, 80% of respondents agreed senior leaders generate high levels of motivation and commitment in the workforce. under your leadership that has dropped to 42% in 2020 and 36% alarmingly in 2022. so i think my question quite frankly is why is it so unpopular to work at the ftc? >> we have a fantastic career staff fighting for the american people and looking to protect them from unlawful business practices. i take those results seriously and we've been engaged in a series of steps to make sure the ftc is a great place to work. i've been thrilled over the last couple of years we've been able to on board hundreds of new employees. the other monthly launched an office of technology within a matter of a week we got a 600 applications. technologists either data scientists or engineers highly qualified people who want to come work at the ftc to make sure we are able to use their technological expertise to continue to do our work

ed: the ftc is suing amazon.estigators have been working on the complaint for months which accuses the e-commerce giant of monopolizing online workplace services by degrading quality for shoppers and overcharging sellers. let's get more. this is the fourth suit the ftc has put in front of amazon. give us the specifics this time around on what they are claiming. anna: this is the big antitrust case. this case focuses on two different aspects of amazon's business, at the e-commerce cells to customers and the way they sell and use their website. caroline: we got a response from the company criticizing the lawsuit saying it is wrong on fact and law and they make -- look forward to making the case in court. this isn't a real alignment of how they see them but not all caps the consumer the cheapest price but the way in which they go about doing it. anna: that is why this case is so important. a most famous lot review paper was written about amazon's business practices and why current antitrust laws are inadequate to ad

we are in force in the ftc act words of the ftc act or unfair methods of competition. that is the standard where we are enforcing we laid out a policy statement last year that laid out in great detail what that standard means reflecting the century of case law pickups i'm out of time i will look at your explanation i appreciate your time today thank you. >> we are going to take a five minute recess we are going to strictly adhere to that it will be five minutes. [background noises] [background noises] kirks recognize a gentle lady. >> i'm sorry. both the texas folks of the florida folks are going to get mad at me now by. >> pay. >> thank you, mr. chairman. good afternoon chair khan. i would like to focus our attention on the recent notice of rulemaking and for changes to the pre-merger notification form requirements and instructions. so this new proposed rule would require submission of substantial additional documents from what is currently the status quo including draft agreements and term sheets as opposed to just a final proposal for review, information about credi

>> presumably though i do not pollute section nine of the ftc act does give the ftc ability to engage in some of that activity as well. >> are i will let you know the authority under your supervision can conduct a search without a work they can also impose an immediate suspension on horses and trainers and owners if there is any evidence or suspicion of doping. one of the reasons they were created because of the deaths in the horseracing in the past but we have seen just this year even more deaths have happened i would make a case this authority is poorly run operating in way i suspect you all really view would disapprove of bread like to sit and talk with y'all about that after this tearing down the road. moving on i want to talk about some of the mergers and the policies with respect to those. i'm specifically curious and looking at a letter that senator warren sensual january this year about some pharmaceutical mergers. how much interaction as her staff are her have with you all with respect to these? do they have influence with the direction you all go of some of these investigati

the ftc says amazon's alleged schemes impact hundreds of billions in retail sales every year ftc chair lee. >> lee: it occurs in two markets the online superstar market that serves shoppers and the market for online marketplace services that are purchased by sellers. the alleged tactics include anti-discounting measures and conditioning sellers' ability to obtain prime eligibility on using amazon's costly fulfillment service. the ftc says it is seeking a permanent injunction in federal court that would prohibit amazon from engaging in that conduct, scott. over the past half hour, lina chan held a press available with reporters. i asked her what the outcome is, is she seeking a breakup of amazon she did not say that, did not go that far she said this is all about determining whether or not amazon has liability in this case then she gave another statement which gave an indication into her thinking in which she said that ultimately this is about the scale and size of amazon, the feedback loop of all these different mechanisms in interlocking agreements working with each other. she said al

the ftc was not interested. that sort of the last step before a suit is filed and hearing the it will probably come sometime later this month. caroline: give us the context, remind us if you have forgotten, many who expected this was likely to come, the big, beefy one, vis-a-vis amazon, they have taken steps to sue already in may and june? >> this will be the fourth loss of the ftc has filed against amazon this year and they filed two earlier over the privacy related amazon devices such as the ring doorbell and the echo speaker. amazon agreed to pay $30 million in fines related to that and they filed the second suit that remains pending and amazon contested that one over consumer protection allegations related to prime, the ftc says amazon has deliberately made it too difficult for consumers to cancel their prime subscriptions. amazon is contesting that and that lawsuit is ongoing. this is the big one, lina khan was well known before she came ftc chair for this paper that she wrote about amazon. someone was joki

this will be another blow for the ftc and con. take years, but in terms of, does this impact the business model? we don't think so, i think amazon will successfully fight it which is why we've been guiding our investors here that the noise will be worse than the reality over the coming 12—18 months. that's where i was going next, will amazon try and preempt any forced restructuring by changing its ways in advance, in a bid to try and please regulators? but from what you're saying, they won't do that, they'lljust fight you're saying, they won't do that, they'll just fight this? yes, because i would be a position of weakness. as we've seen with microsoft exit —— microsoft activision and others, big tech is not afraid here. and ultimately they win against the ftc, that'lljust increase big tech's footprint, especially with al and other technologies, and get stronger and stronger here despite was coming out of the beltway. find coming out of the beltway. and amazon seems _ coming out of the beltway. and amazon seems to _ coming out of t

caroline: the ftc chair there.mazon has responded to the lawsuit, with the global council of the company writing that if the ftc were to be successful, the result would be anticompetitive and anticonsumer. let's get into this with charlotte, director of policy public knowledge and you previously worked in the anticompetitive practices division of the ftc, investigating, litigating and if you were there now, how much confidence would you have that this would be a routable action? charlotte: there are reasons the antitrust people at the ftc try not to answer these. it is hard to say at this early stage. but they feel confident. i watched the interview yesterday. it is so important to highlight this problem for people. it seems clear, even though amazon has built their reputation on having the best prices, but that did not come from being an efficient competitor. it came from pushing those third-party sellers to raise prices everywhere else. that is not fair competition and if that is what is going on, it needs to sto

it should be break for ftc or amazon depending on the outcome.zon's different businesses or embolden the company to do more deals it could also be the final blow to lina khan's credibility or give her the teeth to take on more battles against big tech at the ftc. now, remember, khan came into this position determined to hold big tech accountable, but we went back and looked a the record hasn't been great for her in the ftc so far three of amazon's five biggest acquisitions, they have been done while she has been in charge mgm, one medical and i-robot i-robot hasn't yet closed. also all the investments in generative ai, just a few of the biggest ones hugging face, these are more creative ways for amazon to bypass the regular lay tors but gives the company an edge and could ensure it's dominant next platform shift generative aai it does build on already number one position in cloud. so taken together, these deals, and they just happened over the last few years while khan has been in charge, they have made the prime ecosystem and amazon itself stron

for khan and the ftc. the defeat in microsoft/act have been ivision case. the amazon's antitrust paradox, and in that there were arguments for breakup of some sort but also suggesting that the antitrust framework current ly doesn't take into account how dominant amazon is, they have this entire business, that they are using to carry out these alleged mow nope listic practices as well. this is going to take a long time to work out. lot on the line in terms of the stakes for the ftc and the precedent this sets for other tech companies. >> thanks so much. >>> now on programming note, our u.s. colleagues will be speaking to the ftc chair khan later today. >>> coming up, italian prime minister me lonni is set to present budget projections today. >>> plus, the chaos on capitol hill continues. as republican holdouts hamper plans to avert a government shutdown before the october 1st deadline. we'll have the latest when "street signs" returns. you deserve better than that. i'm hungry, i'm in a hurry, i don't have t

rivals, according to the ftc, just couldn't compete.zon rejected those accusations, saying that the low prices and fast delivery that customers enjoy are thanks to those very practices. amazon's share price fell on the news, but is still up year to date. the case is the latest in a wide ranging effort in washington to rein in the power of big tech and the fourth targeting amazon directly. this new case is expected to take years to work its way through the courts. and while the ftc says it's seeking an injunction blocking amazon's, quote, unlawful conduct, it also raised the specter of a restructuring. this information of 6 big social networks. it examined over 6000 unique social media posts, tick—tock, x, and youtube. which are deemed particularly at risk to disinformation due to elections or proximity to the disinformation due to elections or proximity to the war disinformation due to elections or proximity to the war in ukraine. let's zoom in on a company nearly everyone uses to search the web. google is marking its 25th anniversary a

does the ftc want to see amazon broken up into smaller companies? so geoff, this complaint, which the commission voted out unanimously and is joined by 17 states, is really about describing the facts that could give a court reason to find liability. this complaint takes great pains. it does so in great detail. it describes amazon's conduct and that's really the purpose of a complaint is to really set forth facts that can give rise to liability, and so the court could find that the law is violated. and the complaint doesn't ask for relief, and it's in keeping with the great traditions of antitrust law that relief for a violation does include stopping the illegal conduct. it also includes restoring the lost competition and we look out and we see and a lot of sellers see, and a lot of americans see a competitive landscape that has been really badly distorted. in favor of one dominant player. so if we've done our job at the end of all this, and this will be a lengthy proceeding. there will be a trial at the end of it. but at the end of all of this, a ju

> amazon's prime program taking a hit from the federal government the new details outlining how the ftc says the tech giant tricked people into signing up >>> the greatest of all time making history once again. simone biles has booked her ticket to the world gymnastics p championships for the sixth time what this means for her path to paris. >>> a retired firefighter lives up to his nickname, now taking in orphaned possums. it's thursday, september 21st. "early today" starts right now >> good morning, i'm jessica layton >> i'm frances rivera. president biden wrapped up his time at the u.n. general assembly wednesday meeting with the leaders of israel and brazil, but even after returning to washington, he faces critical foreign policy decisions as the president of ukraine heads to the nation's capitol today calling for continued support. alice barr has more. >> reporter: president biden tackling global challenges on multiple fronts at the united nations general assembly in new york sitting down with israeli prime minister benjamin netanyahu, reaffirming the historic alliance, despite con

valerie: this was a long-awaited awaited lawsuit from the ftc. analysts are pushing back on the risks to animals on -- to amazon calling it a benign scenario and expecting it will take years to play out. bloomberg intelligence actually calls it that the ftc does eventually prove this liability but they don't believe a structural remedy such as a breakup will be imposed. it did have an impact on the stock yesterday following 4% in the session and caused the s&p information technology sector to enter a correction now. we are now down 10% from the peak when it comes to the technology sector of spx. kriti: it is crucial that you mentioned that piece. you're talking about a 7.2% decline for the entire s&p 500 from its peak in july. correction territory products. the selling gets worse and worse and accelerates from there as everyone dives into the momentum. valerie tytel there with the need -- the information you need to know. on investors minds is just what is going on with the u.s. shut down. this time it might actually get worse. let's talk about o

rivals, according to the ftc, just couldn't compete.rejected those accusations, saying that the low prices and fast delivery that customers enjoy are thanks to those very practices. amazon's share price fell on the news, but is still up year to date. the case is the latest in a wide ranging effort in washington to rein in the power of big tech and the fourth targeting amazon directly. this new case is expected to take years to work its way through the courts. and while the ftc says it's seeking an injunction blocking amazon's, quote, unlawful conduct, it also raised the spectre of a restructuring. now, it's notjust in the us that tech giants are facing increased scrutiny. a european commission study has found that x, formerly known as twitter, has the biggest proportion of disinformation of six big social networks. it examined over 6,000 unique social media posts across facebook, instagram, linkedin, tiktok, x, and youtube. the content came from three countries. spain, poland and slovakia. deemed particularly at risk to disinformation d

this is the fourth suit we have seen this year from the ftc involving amazon.y: this is as you say a multitude of cases against amazon that has been her focus for some time. this goes far beyond that. the ftc challenged microsoft related to the activision deal. same goes for meta. it will be interesting to see what she has to tell us about the idea of courts trying to stymie her efforts. i'm looking forward to this conversation. jon: the tech stocks themselves are under pressure today. this is bloomberg. ♪ so... i know you and george were struggling with the possibility of having to move. how's that going? we found a way to make bathing safer with a kohler walk-in bath. a kohler walk-in bath provides a secure, spa-like bathing experience in the comfort of your own home. a kohler walk-in bath has one of the lowest step-ins of any walk-in bath for easy entry and exit. it features textured surfaces, convenient handrails for more stability, and a wide door for easier mobility. kohler® walk-in baths include two hydrotherapies— whirlpool jets and our patented bubblem

the ftc singled out neil lindsay, russell grandinetti, and jamil ghani saying, they slowed, avoided, and even undid user experience changes they knew would reduce nonconsensua sign-ups, because it would also hurt amazon's profits lindsay explained that once customers become prime members, even unknowingly, the suit says, they will see what a great program it is and remain members, so amazon is okay with the situation. >> it's always significant when you know that people at the company in senior positions were aware of some of these issues >> reporter: the ftc complaint claims amazon made it purposely complicated for its 200 million plus prime members to cancel their monthly subscription, which offers free shipping and other perks. according to the ftc, some amazon employees urged the company to make changes saying unknown, recurring charges for families could mean money for groceries and gas. while nbc news was unable to reach the three executives, in a stark rebuke, amazon fired back saying in part, the ftc's decision to add three amazon leaders to its civil case against the company

is it the fact that microsoft and activision were successful in challenging the ftc, which could open the wave of i guess deal making? >> yeah, i think it's a push and pull of several factors. you've got the underlying drivers of m&a activity, technology, life sciences revolution, reshoring and the disentanglement with china in the greater economy. all of those are drivers towards m&a activity. and then you have three headwinds, pricing, financing, which is thawing, and regulatory. and on regulatory, things are taking longer to close, but it is significant that the ftc backed off of -- not only lost the activision case, but backed off of the amgen horizon case, providing a little bit of clarity that there is a pathway forward to completion. and what you're seeing is an expanded willingness to consider those kinds of deals along with others and in a perhaps clearer environment. >> do you see m&a providing any type of vacuum. in other words, do they uncoil their springs in the hopes of a chang to an administration that's a little more permissive? >> i think you are starting to see, agai

they have the ftc on the cutting for the m signature of the ftc has hated amazon for years. and there is an article about how amazon has monopolistic ways. she did it in law school. when she was appointed by president biden, she would bring the suit. she is against any company she regardless too big even though that is not really a legal standard. and how come they decide to give consumers the best default search engine with google? can imagine? apple cared enough to give you the best. what will the government give you? we have a government less interested in companies doing well than any other time i can recall my career. no matter we are playing less for earnings. i want to make something clear. there is always the place for interest rates stopped going up because bond buyers are found. inflation does get destroyed in the end. stocks eventually reflect more than the worst after a capitulation. and that is the only shirt he. we don't know if that is happening now or at the next level at 4.75 or the tenure or 5% for the 20. or five for the tenure. five and a quarter come sev

. >>> we do have a news alert out of the ftc.lie picker has the details. >> a new lawsuit with a rare allegation against private equity for anti-competitive activity. the ftc's complaint filed in district court, claims a firm walled welsch, carson, anderson, and stow consolidated anaesthesia practices in texas through its company and drove up prices. the ftc says that usap entered a deal to fend off another anaesthesia provider from encroaching on its territory. the ftc says this rollup and the dominance in the market has cost texans tens of millions more each year in anaesthesia services. the chair says in a release, the ftc will continue to scrutinize and challenge serial acquisitions and other consolidation schemes that undermine fair competition and harm the american public." this may be construed as a warning shot to private equity, which often flies under the radar. the ftc is looking to remedy te alleged impact and prevent it in the future. i have a call out to welsch, carson which has raised over $41 billion in capital. i

plus, the ftc taking aim at amazon we'll dig into what that means for the stock.arnings out in overtime in a few moments mike, first to you, what stands out to you most? >> getting a little bit spicy in terms of the downside momentum today. didn't really get out of control. but you're starting to see some concern build and part of it is you're 7% plus off and no real safety buying in treasuries. maybe that emerges at some point. i do think you also are starting to see within the index some of the ingredients come together for one of those typical oversold, risk reward is favoring a rebound rally type play and before very long, you have the vix at 20. and you have also had some of the more kind of oversold indicators in volatility and breadth and all the rest of it coming together. i find it interesting where we have gone back to in the s&p, which is june 2nd. it was a payroll friday, it was a 300,000 plus payroll day,no more recession to worry about day and it was bond yields are tame, we can have it all that was the beginning of the soft landing hypothesis. we ha

now, the ftc was joined in the suit by 17 state attorneys general.t to stop rivals and sellers from lowering prices, degrade quality for shoppers, overcharge sellers, and stifle innovation the suit represents one of the biden administration's most sweeping and aggressive moves to date to break up what it sees as consolidated power in the hands of the tech giants the administration hopes this will both lower prices through new competition, and spark new innovations that will help the economy. the ftc says amazon's alleged schemes impact hundreds of billions of dollars in retail sales every year in a statement, ftc chair said today's lawsuit seeks to hold amazon to account for these practices and restore the lost promise of free and fair competition. the suit alleges the an anti-competitive conduct occurs in two markets, the online superstore market that serves shoppers, and the market for online marketplace services that are purchased by sellers the alleged tactics here include anti-discounting measures, and conditioning sellers' ability to obtain pri

we know amazon has met with the ftc, has not done anything since it's met with the ftc and its fighting and nail. the complaint does not ask for specific remedies, but it mentions structural relief and that means divesting and asset or breaking up a business. you're going to hear in just a minute but i'll give you polar alert, she does not call for breaking up amazon or solicit we say that it's going to be broken up. she is restoring competition to the market on top of requiring amazon to hold those kinds of tactics. haidi: the biden ftc has a record of success that is mixed, so what are the chances against amazon? >> she has been preparing this since her student days. she wrote an article in 2017 which was only six years ago that used amazon is a test case for a reimagining of antitrust environment in the united states. so everyone in the antitrust sphere and big tech companies have been waiting for this case to come from the ftc. now the reason it is going to be difficult is that yes, they lost a couple of major cases just this year alone and failed to block microsoft acquisition of a

rivals, according to the ftc, just couldn't compete.mazon rejected those accusations, saying that the low prices and fast delivery that customers enjoy are thanks to those very practices. amazon's share price fell on the news, but is still up year to date. the case is the latest in a wide ranging effort in washington to rein in the power of big tech, and the fourth targeting amazon directly. this new case is expected to take years to work its way through the courts. and, while the ftc says it's seeking an injunction blocking amazon's "unlawful conduct", it also raised the specter of a restructuring. the fashion retailer h&m has announced it could start cutting prices as inflationary pressures ease. the company's latest quarterly results showed a big leap in operating profit betweenjune and august compared to last year. h&m has been working hard to boost profit margins, by announcing some store closures and, as we recently reported, charging some customers for online returns. let's dig into those results. with me now is beth bloomfield,

the lawsuit filed by the ftc today is wrong on the facts and the law. >> if the ftc wins against amazon, how will things change for shoppers? >> you're going to see lower pleisss. not just lower prices, but you're actually going to have choices. you might see a lower price on one site than on a different site, instead of right now where you just see amazon acting as this dominant monopoly. >> reporter: when i asked, the ftc declined to say whether it wants to break up amazon, but it is seeking structural relief, which could mean the company selling off some of its parts. but for now, there is no court date set, and amazon says it is ready to make its case in court. norah. >> fascinating story. jo ling kent, thank you so much. >>> back here in washington, members of congress are scrambling to avoid a government shutdown. it appears to be an uphill battle in the house with hard-right republicans seeking to slash spending at all costs. cbs's nikole killion reports from capitol hill, where time is running out. >> can you guarantee that there will not be a shutdown at the end of this week? >

if the ftc wins against amazon, how will things change for shoppers? see lower prices. not just lower prices, but you are actually going to have choices. you might see a lower price on one site than on a different site. instead of right now, where you see just, you know, amazon acting as this dominant mon monopoly. >> reporter: when i asked, the ftc declined to say whether it wants to break up amazon, but it is seeking structural relief, which could mean the company selling off some of its parts. but for now, there is no court date set and amazon says it is ready to make its case in court. norah? >> norah: fascinating story, jo ling kent, thank you so much. back here in washington, members of congress are scrabbling to avoid a government shutdown. it appears to be an uphill battle in the house, with hard right republicans seeking to slash spending at all costs. cbs's nikole killion reports from capitol hill, where time is running out. >> reporter: can you guarantee that there will not be a shutdown at the end of this week? >> looked to my have worked o

. >> we'll look at the challenges with the iphone 15 the ftc. is this a headline risk?merce risk >> ftc and khan is the boy that cried wolf i think the street views it as a multiyear battle amazon will come out victorious. when you look at this, many think there are a lot of flaws here i do not believe this is the ultimate albatross that hurts amazon ftc and khan continue with the black eyes as with amazon here we saw it with microsoft and meta this is another one sdplchlt let' - another one. >> let's look at q4. we are in the higher for longer environment. w can we see a robust m & a situation? >> it will be a golden era with m & a. $1.2 trillion is the amount of crash cash these financials have they are not going to the market to raise capital you saw it with cisco. you will see oracle and microsoft and adobe and others get more inquisitive. we see the 1995 moment with the biggest transformation in 30 years. it is long overdue this is the first step >> i'll put you on the spot. give us companies or a company that you think is in the sights of oracle or one of the othe

so the ftc was forced to withdraw its case against amgen buying arising therapeutics.man's identifying? yes so the thing that happened with this tough ftc is that it kind of even if they haven't been successful in their cases. it makes everyone looking to do a deal. just kind of pause, you know, because the climate is like good. so it puts a chill there. so you have that where you have something like the region fighter deal. now that's looking like that's going to go through. so you know, some of that chill is coming up. the other thing to pay attention to is the effect of interest rate hikes because that 525 basis point hike that we saw now we're looking at the fed. maybe they're going to pause. maybe it will be another 25 basis point hike, maybe a drop, but not that dramatic uncertainty that we saw last year. any deal going through both sides can say it might be more expensive than it was two years ago. but we kind of know where the pricing is going to be in where the new deal is going to come from which areas so i think across all sectors are going to start to see i

you just say that you think the ftc is stupid. >> i think the ftc is stupid on microsoft and activision say, but on microsoft and activision, i think that was dumb. and some of their other pieces of litigation are really quite stupid but i think that regulating google, obviously, regulating ai to protect it, obviously -- >> how do you feel about amazon? >> i don't know what it's about. i mean, i'm not -- i can't comment on it, because i don't know enough. >> you were leading drudge with hollywood is armageddon or something, do you remember that story? you had a very negative view on -- is it just old hollywood >> no, i don't have a negative view at all. >> what were you -- what was the point of -- >> of what >> i don't know, i'm excited about the future for movies and everything else. are you? >> i'm always excited -- listen, as long as you got somebody in a room with an idea. and they can get access, which now they can they always could, by the way. good ideas do not lie somewhere under a table forever. they get exposed, they get out and if they're good, people come and see them that i

so, the ftc can do what it wants. know probably people feel if you break it up, it's worth a lot more. when you order something in the morning and it comes in the evening, you don't think of the ftc as your friend. you think of the ftc as a british regulator just trying to get a check, and that isn't what she wants. lina khan had some lacking in rigor thoughts, very ill advised. i thought she was beginning to make more of an in sync with her staff, but it's pathetic. >> david, i don't know if we have had the chance to kick around with you the notion of peak khan after amgen news on thursday or friday. >> yeah. obviously, listen, i think we did a good job of reporting on the likelihood of a settlement there for quite some time, and strangely, they chose to issue it on the friday before labor day weekend. or maybe not. maybe they wanted it to be somewhat quiet. but yeah. there was no real case there. i said that so many times, and amgen was just waiting for the opportunity, obviously, to settle it, at least say they wou

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talk us to the complaint and what the ftc is alleging.uest: the ftc and seven key states sued amazon alleging it has been monopolizing online marketplace services. that is websites on which third-party sellers can sell their goods. the ftc says that various tactics that amazon has engaged in have raised prices on sellers so much that they pay amazon one out of every two dollars they make and this has raised prices on consumers not just on amazon's website but all across the internet. shery: amazon is denying this. are they saying? guest: amazon says that it seeks to offer the best prices to consumers. it has policies that require merchants to offer the best price on amazon so they don't offer lower prices elsewhere. they say it would be unfair to require them to highlight higher prices on their website so that consumers can still access them, they just aren't highlighted in the box. this is one that the ftc is being egg on. -- vague on. the prosecutor said they want amazon to stop engaging in this illegal behavior. they want structural re

this is not the ftc's only lawsuit against amazon. it's suing several executives alleging schemes to enroll people into their prime memberships without knowing. you have been focused on this all morning. >> did i email you enough about it? >> i love those emails. i learn a lot from them. what is your take? because 14 a huge moment not just for the ftc, the biden administration, and lina khan. >> this has been her fight. she is the first who raised the question to this country about what a monopoly, do we have to change the way we define a monopoly from the microsoft days to what amazon is now. my question is, it's important to track 17 states attorney general are onboard. what does it mean for people at home and who sell on amazon. if they prevail, is it just going to be fines and penalties or will actual changes happen that benefit them? amazon, too, saying if you succeed in what you are trying to do, it's just going to cost people more. it's groundbreaking. see where it goes. >> several suits the ftc has brought, several problems wi

. >>> the ftc could file an antitrust case against amazon as soon as today. impacts, if any, coming up next >>> plus, don't forget, delivering alpha two days away, september 28th in new york city. investors and leaders will provide insights to help you balance risk with return you can use this qr code on the screen or just go to cnbcevents.com/deliveringalpha we're back in a minute it's gonna be sweet! what? i'm 12 hours short. - have a fun weekend. - ♪ unnecessary action hero! unnecessary. ♪ - was that necessary? - no. neither is a blown weekend. with paycom, employees do their own payroll so you can fix problems before they become problems. - hmm! get paycom and make the unnecessary, unnecessary. - see you down the line. >>> the ftc expected to file that year's long investigation into amazon's online marketplace as soon as today, according to reports. the culmination of chair lena khan's long history with the company. deirdre bosa is digging into that. >> khan badly needs a win. as we await that ftc antitrust lawsuit against amazon, the agency and her own c

, would give you more affordable choices online but amazon says if the ftc gets its way, it will mean fewer products to choose from, higher prices, slower deliveries, and reduced options for small businesses jake ward, nbc news, san francisco. >>> in 60 seconds, why is it so hard to find a primary care doctor? the critical shortage, and what's behind it, right after this is now i'm staying ahead of it. dupixent helps heal your skin from within. so, they can have clearer skin and less itch. serious allergic reactions can occur that can be severe. tell your doctor about new or worsening eye problems such as eye pain or vision changes including blurred vision, joint aches and pain, or a parasitic infection. don't change or stop asthma medicines without talking to your doctor. ask your doctor about dupixent. having triplets is... -amazing -expensive. so, we switched to the bargain detergent, but we ended up using three times as much and the clothes still weren't as clean as with tide. so we're back with tide, and the clothes are clean again. do 3x the laundry and get a tide clean. it's go

>> the second ftc lawsuit against amazon many three months.s time they're alleging amazon illegally blocks competition and hurts 100 million plus shoppers with higher plus prices. 17 states including new york and pennsylvania joining the ftc in suing the largest e commerce player in the country. leena khan appointed by the biden administration made her name as a yale law student. he says amazon is exploiting it's monopoly power. >> this is about competition that has been foregone. as a result of amazon's tactics, people are paying higher price. consumers are paying more than they would. small businesses are having to pay a 50% amazon tax. >> the tactics include anti-discounting measures. they are forcing retailers to use expensive services to be a part of prime. we reached out to amazon. they said if the ftc wins there would be higher prices, fewer products and slower deliveries for customers. amazon is now 1.3 trillion giant. not only the biggest online retailer in america, but the second largest private employer with a million plus warehouse