so you can definitely see the ftc taking a look at that.re is microsoft's advantage in artificial intelligence? it's in the cloud and azure cloud service and its relationship with open ai means all of open ai's activity has to run in the cloud. on top of that -- >> on azure? >> correct. >> on top of that it is making so many deals with other ai start-ups and a number of them were announced at the big build developer's conference. we've talked about this bifurcation of an established market. we saw with the apple and doj case when they said there is a high end smartphone market that it plays in and we saw the ftc do it with video games when they're trying to block the activision deal and there's a high-end console market with sony and microsoft and the low end with nintendo and everyone else, court did not buy that argument and we'll see if they buy the argument from microsoft or the apple case, i can totally see them looking at the a icloud and then there's the regular cloud and microsoft is snapping up the deals and making these huge inves

they're being investigated by the ftc.65500 million licensing deal $650 million licensing deal. "the wall street journal" is reporting that the ftc -- both companies. regulators want to know how this deal was structured, why did it evade government review. this is what it's about. inflection a.i. has a chat bot. that chat pot is pi. microsoft also has a stake in openai which has chatgpt. in the government's eyes, whoa, that's way too much power for one company. i've got more. "the new york times" is reporting that the doj is now investigating nvidia. so the ftc takes microsoft, open a irk, doj takes nvidia. we have the department of justice and ftc going after our big three. on other counts too. the major players in this new technology. stuart: okay. >> can i just say i'm so sick and tired of this administration getting in everybody's way. from trump to nvidia, to microsoft, to everybody else. and not leading where it should be leading, which is supporting our allies, israel and ukraine. stuart: yeah. lauren: just look at

is really the arm -- >> a very young woman runs ftc came to prominence writing i think undergraduateizabeth warren school of thought where anybody big has to be doing something illegal to get there literally her mind-set, and the problem is you have small companies can be more agile, if you are copycat on global scale you need to be big to compete she blocked combination recently involving tapestry retailer goods company luxury goods company owns coach, okay. if you take that company and compare to it lvmh, in europe or other big companies they don't stand chance ridiculous said you know they are going to dominate handbag business raise prices, has she looked at prices on handbags? has nothing to do with market positives, everything with you know 20 influencer saying what kind of bag you want to wear, so preposterous, by the way, she losses in court over and over and over. because her cases are not well thought out lost that i'm on a rant about nina she as i dangerous person, a typically ideologue part of the biden white house. cheryl: again, the journal points this out if this what

the ftc publicly announced tiktok is under investigation for violating child safety laws.nment go public with this? the full story, next. ♪ ♪ this is clem. clem's not a morning person. or a night person. or a...people person. but he is an "i can solve this in 4 different ways" person. and that person... is impossible to replace. you need clem. clem needs benefits. work with principal so we can help you help clem with a retirement and benefits plan that's right for him. let our expertise round out yours. what the biggest companies deliver is an exceptional customer experience. what makes it possible is unmatched connectivity and 5g solutions from t-mobile for business. t-mobile connects 100,000 delta airlines employees, powers tractor supply's stores nationwide with reliable 5g business internet, and partners with pga of america on game changing innovation. this is how business goes further with t-mobile for business. we've always been competitive. yeah... one of us always had to be first. first! first! [continue bickering in background] hold on, guys! [car honk] first. tod

i understand the reasoning behind it on the part of the ftc and the doj. this has been something that's been speculated about several months now. i really want to be clear. it's not something that motivates you to move away from the positioning. >> but it's moving across almost the entire mega cap space. right? we need to mention apple in this latest report. obviously news within the last month. microsoft's a part of two of these stories. >> it's not unsurprising. europe has been investigating looking into the anti-competitive dynamic of these conglomerates. i think this is a story that's going to stay with us on the other side of the election. whichever political party takes control of the white house. >> that's the interesting part too. here we are beginning of june. election in november. you know, opening all of this up at a time where, who knows what the administration's going to look like. whether the same or different come beginning part of the year, and not that long from now. >> as a holder of these companies, that's what you begin to think about,

so the two agencies here, the doj and the ftc, hashing out this deal.ed so far is that likely to be included here is taiwanese chipmaker tsmc, which will fall under the department of justice's per view in any upcoming investigation. i'm told according to a source familiar. because tsmc has operations in the united states, it comes under the department of justice's jurisdiction here, even though it is based in taiwan. that signals that the u.s. government investigative effort will be focused on the hardware and shift piece of the industry as well as the software and large language model side of this vast emerging industry. according to terms under discussion, doj will take the lead on investigating whether nvidia has violated any antitrust laws and the ftc will lead examinations of openai and microsoft. now altogether, this broad agreement sets the table for a sweeping biden administration inquiry into the ai industry which has been seen as being dominated by a small group of some of the largest tech companies. one piece of color for you, guys, the two f

maybe the trump ftc would. darden, the parent of all of garden cut expectation. the stock is over 9% for the year but it could go lower if they say pandemic error price hikes are hurting the business. jabil will report. they are everything from consumer electronics, healthcare, retail. they are a big manufacture of apple products. it does not talk to apple on wall street. if you work for apple you are not supposed to talk about apple. we still try to define how apple might be doing. next, used-car prices are still part of the inflation. we are going to hear from carmax, the giant used vehicle dealer to see if there's a chance that this inflation can cool off and start going down enough to make a difference with the cpi. here's the bottom line. last night i bemoaned that there are not enough stocks away from tech. let's see what happens next weekend whether we get enough data this week but not too wea . it's hard to imagine the fed cutting rates before the fall. this week suggests that higher for longer may be too inflexible a strategy for the economy. let's go to

times, the two agencies reached a deal to see the doj take the lead in looking at nvidia while the ftcakes a closer look at the conduct of openai and microsoft. this comes as the ftc has opened a probe of microsoft's deal with the inflection openai and avoid government anti-trust reviews. >>> outgoing boeing ceo dave calhoun set to face lawmakers later this month when he is set to testify on june 18th. calhoun is set to face questions about whistleblower safety allegations and quality controls of boeing aircraft. in it a statement, boeing saying it welcomes the opportunity to go before the panel and share the steps the company has taken and continue to take to improve safety and quality. >>> amazon's self-driving zoox's unit is set to resume the street testing of vehicles. it will deploy the toyota highlanders with the human safety drives in miami and austin, texas. announcement comes as the company faces a federal probe of 500 vehicles automated system facing two crashes, frank. >>> thank you, silvana. coming up on the show, we will have the one word investors need to know and the big

and the doj take the lead on whether nvidia has violated antitrust laws where the ftc would dig into microsoft and open ai. on the microsoft front, the ftc is looking at whether it structured its deal with inflection to avoid an antitrust review. acquisition would have triggered a review but it's maureen i like seeing -- licensing deal. they say we take legal obligations to report transactions under the hsr act seriously and confidently have complied with those obligations. back five years, we did something similar, made one of these deals regarding big tech. the government has sued google, amazon and medicines than, and they haven't hurt the stock performance yet. neil: you explained it in ways that i can understand. my next guest following this, nvidia splits tomorrow 10 for one. that usually ignites retail interest even if it doesn't make a difference. what do you think? >> trees don't grow to the sky. look at the total capital markets, $110 trillion, all us equities, all us debt, $3 trillion company meaning if you make one hundred thousand dollars a year, are you indirectly are d

the ftc will proceed ahead with its commercial surveillance and data security rulemaking, which they launched in 2022 without congressional authority and directive. congress should be setting these rules. not an elected bureaucrat. finally, while this will likely future much discussion on concepts like data minimization and other practices we must not forget about the cyber security threats posed by new and emerging technologies. one area of great interest to tennessee is quantum technologies. through methods like harvest now and decrypt later once had actors steal encrypted data today nothing can stop them from decrypt in your data tomorrow with quantum technology. that is why this committee must move quickly to examine this technology and reauthorize the national quantum initiative act. i would love to work on this with our chairwoman and the team here at the committee. tennessee is a leader in financial innovation and the oak ridge national lab is at the forefront of basic and applied science research. when i speak with people in the state they ask me how we can best tackle privac

i am not sure the ftc -- >> the regulators going to let it go?hat's kind of high end, whirlpool, which owns kit kitchenaid, maytag, that's a lower end. you'd think this -- this ftc, though, would be against aspirational appliances, maybe, just as they are against aspirational handbags and capri. i think this is going to be difficult, from a legal standpoint, but it makes a lot of sense. >> julie, any quick thoughts on bosch and -- >> sorry, bosch is like 8% of the market here and whirlpool is more like 28%, 30%. so, i think there's for sure reasons to support this business, because it has been struggling, and so, i could see the ftc, you know, looking on it more favorably, and for sure, there needs to be an improvement in margins and i think this transaction could help. >> interesting. meantime, shares of general mills, bit of a buzz kill in today's session. the packaged foods giant dropping more than 4% after missing on revenue estimates in the latest quarter. the company also giving lackluster guidance for the current fiscal year, citing cost p

in 2023 the ftc received 5.4 million complaints about fraud and identity theft. year-over-year increase first 2019, with total annual losses of more and a sobering as those numbers are, they are just the tip of the iceberg. a 2023 ftc report estimated that true annual fraud losses were more than $137 billion annually. the costs of fraud are not just financial. many fraud victims report struggling with mental health issues after the event. sadly, some scam victims haveth. peer-to-peer or pdp payment services play a significant role in this problem. in 2224 in ten americans report using a p2p service at least once a month with 18% using this once week. as p2p usage has grown so have fraud losses. last year reported losses to the ftc at $210 $210 million we than 65,000 complaints in this category. the true losses by consumers to criminal fraudsters via p2p platforms is likely well into the multiple billions of dollarb every year. while fraud occurs on all major p2p platforms, fraud on zelle poses unique concerns. first, zelle can be used to transfer funds between an

the ftc referred its complaint against tiktok and bytedance to the justice department.hey began their investigation in 2020 after tiktok allegedly failed to live up to a 2019 agreement to protect children's privacy. the ftc says the investigation uncovered reason to believe named defendants are violating or about to violate the law that a proceeding is in a public interest. tiktok says they have been working with the ftc for over a year and are disappointed by this development. and dr. anthony fauci continues to make the rounds for his book tour on tuesday. this time admitting this was a mistake to close schools during covid. >> i kept on saying close the bars, open the schools. open the schools as quickly and as safely as you possibly can but, initially, to close it down was correct. >> i'm not talking about initially. >> after a year was not a good idea. >> carley: a totally different sentiment than what we heard from fauci a few years back. >> brian: play it. >> right now, we have to start implementing both containment and mitigation. and what was done when you do cl

i think the doj and the ftc have clearly overstepped.e anything in these situations, but hopefully this is something that does not thwart innovation in this country, because that's the most important part of our economy going forward, that we own the innovation in generative a.i. >> well, there's a difference between being anti-competitive and kicking your competition's ass, and i think -- >> excuse me? >> you heard me correctly. >> and -- say that again? >> i'm not -- >> the point is, look, i think there's a belief that if companies are doing as well as these companies are, they must be, by definition, they must be doing something wrong. so, i think they're trying to find guilt where there probably is just excellence. that's just my take. >> you know, you think about the combined market cap of the top three companies in the world and we know their combined market cap is bigger than the gdp of the entire world, other than really ours. it means at some point these companies do have influence on a global stage. and that's what regulators,

the ftc voted to refer a case to the department of justice over alleged violations of the children'se ftc says that law gives parents control over what information websites can collect from their kids. ultimate controlled by the communist party of china. both in terms of scraping american data and in terms of propaganda techniques, tiktok says in a statement it's proud of and remains deeply committed to the work it's doing to protect children. some biggest fashion designers in the world are household names. we know calvin klein, ralph lauren, and there's michael course just to name a few. but there's a teen in new jersey who wants her name to be on that list, too. katie corrado introduces us to a money crosby. >>a needle and thread or money crosby's version of pencil and paper. >>i don't even use batters present in some of >>the 15 year-old has been crafting and designing since she was a little kid. my says they likely dogs and i woke up stocks and >>color pay just put on top of the dogs for now, the new clothes she since graduated to satin and chiffon and now sells custom modest for

within 24 hours of the scam i filed paperwork with the ftc and the local police. neither of them gave me any reason to believe they're going to be able to resolve this case. in fact, both of them just told him it will take this information in case we get those numbers on it hit someplace else. looking back on it, wells fargo website did have a warning about sending payments to people similar to make sure you have the right number because once it is sent, it is gone. there were no big warnings like there are now. not long after the scam happened to us, wells fargo did sent updated notices for zelle transfers spelling out they are not responsible for certain electronic transfers. none of that existed when we were defrauded. and now they ask a ton of questions before you can send money via zelle to a new user. they know what is going on. still though they have no financial accountability. my questions are these, wells fargo knew there were no consumer protections on zelle white did and do they offer it to their consumers? since the wells fargo august bank of america

in a statement to the bbc, tiktok said they were disappointed with the ftc and that they strongly disagreegations, many of which they believe are factually inaccurate. software company and artificial intelligence darling nvidia, has overtaken microsoft to become the world's most valuable publicly traded company. it's stock rose 3.5% overnight, giving it a market valuation of $3.34 trillion — which is higher than both microsoft and apple. nvidia makes computer chips needed for artificial intelligence software, and demand for its products has boosted its sales and profits over the last few years. artificial intelligence was also a big focus at the g7 summit last week. the group of the world's largest advanced economies is still in the midst of creating a framework to regulate ai. on that and much more spoke with the president and chief executive of the information technology industry council jason oxman, who weighed in on the future of ai as well as nvidia's stellar rise. it's certainly an exciting day for nvidia shareholders and other shareholders in those large technology companies that ar

they pledged to refute the ftc�*s claims in court.former battery supplier for allegedly stealing trade secrets related to its battery manufacturing process and selling it to its rivals. according to court filings the electric car maker is seeking damages worth over $1 billion. matthews international dismissed the claim, saying in a statement they will vigorously defend the matter. sticking with the us — shares of gamestop slid on wall street, down 12%, after the american video game retailer failed to provide updates about the company's future strategy. the stock surged last month, following the return of an investor, known as "roaring kitty". he was credited for 2021's rally in meme stocks, where retail investors drove massive gains in gamestop and other struggling firms, contrary to the bets of many professionals. michele schneider from marketgauge explained why this time round the meme—stock frenzy was a little different. we certainly saw the disappointment for their shareholders when they had sold off about up to 12% of but essenti

the pledged to refute the ftc�*s claims in court. wall street, down 12%, after the american video game retailerfailed to provide updates about the company's future strategy. the stock surged last month following the return of an investor known as "roaring kitty". he was credited for 2021's rally in meme stocks, where retail investors drove massive gains in gamestop and other struggling firms, contrary to the bets of many professionals. michele schneider from marketgauge explained why this time round the meme—stock frenzy was a little different. before we go— one of america's top public health officials has we saw disappointment for their shareholders. essentially what is really historic here that have trouble in terms of their business plan being profitable, their last earnings were abysmal, raised 4 billion in cash, so, of course it would be a disappointing outcome when they didn't have any kind of clear outline of what they were going to do now that they are flush with cash. so it is really going to be up to ryan cohen to come up w

that ftc complaint has no evidence of collusion.and gas producers show capital discipline, cites some meanings, when he went over to saudi arabia and opec, these were public meetings, on zoom, any instances of private collusion, or other small producers. mister share field said one was with his son's company and another company that nearly said, wishing him well on his return to ceo. there's no actual evidence which is why i doubt they will bring a case. we don't actually need a case to bar a strong legal case. you could indict a ham sandwich as the saying goes. paul: that's a killer accusation. >> violation law. in the democratic party, there's a violation -- fossil fuel dealers, worse than cocaine dealers, in the middle ages, we burned heretics at the stake, today we subject them to congressional hearings and annunciation's and so forth. that's what it is. their real crime is that they sell fossil fuels, not the prices, trying to put them out of business. that is the of our goal in so many ways and the economy can't take their goi

you've got ftc, federal trade commission and you've got the federal communication and ftc wants to stop every business merger and all they want to do is fight nonexistent monopolies and federal communications commission wants to take over all of the internet and all communication and the security exchange commissions kevin, you're an investor and you're buying and selling and those guys want more information, personal information than even the fisa courts would want and intelligence and national securities and see my point and overti and it's a disease and it's a virus and that's part of the big government socialism that the biden's want and trump is saying with great clarity, no. i will change that. there's no fourth estate. there's no fourth branch of government and we have to have good people running those agencies and so they don't run business and the economy into the ground. that's his point. >> i'd lake to hear more on all that and devil in the detail coming to policy and regulatory environment and example and both candidates talking about that and digital payments and bitcoin li

liz: department of justice and ftc are launching investigations and antitrust investigations into microsoftidia. capital released industry note saying that entry notes could see them more hesitant to come out with big new sploshy announcements like this. have you looked into how that type of investigation or regulation between no could affect the stocks. >> it's innovating and these are tech companies and innovate or die. they're all doing it and nvidia has got ton where it was and gone for a ton of companies and jenson started working on this success with years in the making and a loot of stocks were happening decades ago and they're investing into it and so not spending time really thinking about it and is it going to be an overhang and hear new stories? absolutely but based on the companies that have gotten there to me it's perfectly legal and innovated their way to the top. lauren: got it. bring up tesla last year and closed out a short position and you're on our show on february and looking to re-bounce and have you row opened a position and short position and what level if not are you

in a statement to the bbc tiktok said they were disappointed with the ftc and that they strongly disagreetions, many of which they think are factually inaccurate. it has a market valuation of $3.34 trillion, higherthan $3.34 trillion, higher than microsoft $3.34 trillion, higherthan microsoft and apple. nvidia makes computer chips needed for artificial intelligence software, and demand for its products has boosted its sales and profits over the last few years. artificial intelligence was also a big focus at the g7 summit last week. the group of the world's largest advanced economies is still in the midst of creating a framework to regulate ai. 0n on that and much more spoke with the president of the industry counciljason altman industry council jason altman who industry counciljason altman who spoke on the future of ai as well as nvidia's is an day for nvidia shareholders and others in that area doing well in stock market. the others in that area doing well in stock market.— in stock market. the broader auestion in stock market. the broader question is — in stock market. the broader quest

the ftc is considering bringing the case under the robinson-pactman act.t prevents suppliers from offering favorable pricing to some customers over others. large chain stores over smaller stores is the first case brought on by the ftc. previous cases argue prices drive up costs for consumers. southern glaser is the tenth largest privately held company in the united states according to "forbes." because it is private, probably not very well known. >> i never heard of it. >>> president biden will sign an executive order today allowing him to halt some asylum claims at the u.s. and mexico border. it would should down the border when daily crossings exceed 2,500 people. encounters are averaging 4,300 people a day which suggests a shutdown could go into effect h immediately. sources tell nbc news that it has been conveyed to lawmakers. the move is expected to face legal challenges. border security has been a weak spot for biden according to polling data. >> newsflash. >> former president trump has a 30% better dealing with the border. >> on the case. we have th

e ftc if you put terms and conditions anywhere you can do whatever you want. the wherewithal to understand what is put in the let alone hold companies accountable for delivering on those and not in the financial services space even to put into terms and conditions, there are certain things you can' one has to be sharing someone's private inforithout their consent. even if it is ways i think it is important thi hope we can continue to collaborate. 's participant rule proposal governing use of is an expansion of the space but i believe one ofhe m we can have is self custody, the ability for peopl -- it is a protection of private property. government would take that except the government continues to try under administrations. what is your thinking on this and why do you believe cfpb should focus on this? dir. chopra: one reason we proposed this is, we are seeing companies, other tech firms, entering into payments. jurisdiction is consumer payments and fund transfer acts, other protections. we are trying, we are not just want to make sure that where there is alre

the ftc cannot do it on its own.actices that i established is if any member of congress comes with critical will concern about a certain piece of the commodore certain vendor we write a letter to all of those agencies to let them know immediately. >> does that concern exist? >> absolutely and that has been a productive way to ensure we start a conversation and are very public and transparent about what could be of concern. i would love it if the process moves faster and i regularly tell our national security authorities to speed it up. >> are you getting adequate response of those agencies? >> yes. as a professional, as a citizen i appreciate the care. >> let us know if you are not. that process probably needs to move faster for national security reasons so keep us in the loop if there's any pressure, we will follow through. i yield back. >> it has come to my attention someone may want a second question. i will pass but i yield my time for any questions you might have. >> a brief follow-up.is part o attack, want to t

stuart: unexciting. >> it is now, but this albertson's deal is a good deal, and the ftc has no basis deny it. >> but they end up losing in court. that's what keeps happening. stuart: takes all this time. winnebago, the profits were down. lauren: so is the stock. profits fell, sales fell almost 13%. the ceo says the outdoor markets, that's the industry, outdoor recreation, it's been tough. there's tight inventory because the dealers are being disciplined and not much yet for customers mers the -- customers to buy. new products at the end of the year. stuart: ferrari's going to come out with an all-electric vehicle. i don't know when. i think it's 2026? lauren: the end of next year. stuart: look at the stock. that thing must cost a fortune. [laughter] lauren: it's almost fun to say. the base price is $535,000. >> biden should demand that consumers buy it. [laughter] that should be, like, middle income people should have to buy it, right? stuart: absolutely. this is electric. lauren: okay. the ultra-rich can afford that, no big deal, i get it. but then you cement the ev market -- [laugh

the ftc says that law gives parents control over what information websites can collect from their kidsscraping american data and in terms of propaganda techniques, tiktok says in a statement it's proud of and remains deeply committed to the work it's doing to protect children. lawmakers in washington disagree in washington. i'm today. some lot. a long run. longtime run family-run business in the south bay is closing its stores. the owners say it's time for them to retire. >> diaz men's wear has been in business in downtown san jose for nearly 40 years. the store specializes in men's hats, dress shoes and casual wear the owner, alfredo diaz and his wife say they have survived so many different challenges, including the 1984, recession and the pandemic all because of their loyal customers. >> they said. this all these 40 years the i'm they be sure that folks to sometimes it called the only. >> because they came this me of customers are like family. the last day that this business will be open this at the end of july. and as for the retirement plan. >> diaz says he plans to relax because

. >> i think the case gets weaker and weaker where i've been liking what ftc has been on to lately. >t. you like the -- >> yes. >> let's find out what's on "mad" tonight. >> it's a plethora of companies. >> yes. >> i have what i think is -- i think maybe the most anti-cancer franchise, rob davis, astrazeneca. two plenary speeches last week and i know j&j had one. but this is the man. sir pascal. he has got an anti- people should look at azm. this is a real company and we don't give it nearly enough because it's not clear. >> very biased. >> we are. >> we're all those things that i don't like. >> want to bring on a ceo of a foreign company. why? >> what is that about? >> coming up, what some very important people are saying at the cnbc ceo council summit now under way. keep it here. energy fuels, a leading american uranium producer, is ramping up production to supply expanding nuclear markets and diversifying into rare earth elements, key ingredients in many clean energy and defense technologies. energy fuels. your shipping manager left to “find themself.” leaving you lost. you need to

do be why the ftc is accusing the the ftc is accusing the company of traffic users. did you know some dish soaps don't remove all the grease, even with scrubbing? whaaat? i just cleaned those! try dawn platinum. it removes 99% of grease and food residue. that's why dawn is trusted to save wildlife affected by oil. dawn platinum cleans to the squeak. this afternoon. the san jose state university human rights institute is now out with its 2020 for silicon valley pain index. the purpose of this yearly report is to provide a measure of inequalities in silicon valley. the report looks at several different areas, including housing and homelessness. food insecurity, truancy among students, fentanyl deaths, wage and employment gaps and domestic violence. another area that the report addresses is wealth and income inequality. wealth. oh, 1% of silicon valley. how cells that is 9 individuals niehaus holes. >> each with over 12 billion dollars. they hold well times more wealth. bottom 50% of all houses in silicon valley. >> the report concluded that the san jose metro area is t

the ftc claiming the maker of acrobat photoshopped and other popular editing tools pushes customers towardsces. subscription plans while hiding early termination fees. adobe says it is transparent with the terms and conditions of its subscription plans, adding the company will dispute the allegations in court. rising from the ashes, the latest on the pittsburgh theater companies returned to the stage after years worth of prop sets nothing dims my light like a migraine. with nurtec odt, i found relief. the only migraine medication that helps treat and prevent, all in one. to those with migraine, i see you. for the acute treatment of migraine with or without aura and the preventive treatment of episodic migraine in adults. don't take if allergic to nurtec odt. allergic reactions can occur, even days after using. most common side effects were nausea, indigestion, and stomach pain. it's time we all shine. talk to a healthcare provider about nurtec odt from pfizer. hello over in pittsburgh, a fire burned down. a local theater. company. warehouse. and with it 40. years' worth of prop sets and cos

the ftc is investigating, saying this is the second time in three months that at&t has experienced an back in 60s ahead, bringing union square back to life. mayor breed's new plan to try to attract tourists to the struggling shopping area. and some big news from niners camp in santa clara. it's all about christian mccaffrey and his future with the team. and as temperatures heat up, we will see a little bit of wind tomorrow coming out of the north and the west, 15 to about 30mph. i'm back at courthouse square this evening. city leaders raising the progress pride flag. they also held a proclamation ceremony under a rainbow arch. there's frustration in vacaville over that city's pride month proclamation. mayor john cali declined to sign the document proclaiming june as lgbtq pride month. vice mayor greg ritchie signed that proclamation instead . here's a copy of it. it mentions freedom from discrimination and respecting a diverse community, and references the lgbt community. at the very end, the solano pride center had drafted a much more detailed proclamation and was asking the city to

biden is pushing for a tougher ftc to the firms that are getting privileged access that could undermineair competition. that the county's launching ai translation platform work. lee at the next board of supervisors. budget meeting this so that spanish speaking residents can understand the platform will provide real-time translation and closed captioning spanish on phones and computers and other electronic devices. residents have to bring their own devices, though and air phones to listen in to read the translation in person. the meeting will be on monday at 06:00pm and also be held on >> president biden's been in france for d-day festivities. he also met with the president of ukraine to talk about there and he delivered a message about the future of democracy and america's role in protecting kron four's washington correspondent hannah brandt reports. >> on the heels of d-day anniversary, president biden is trying to make the case that the world is facing similar threats to democracy and t argues america has a responsibility to do something about that. >> in a sit-down meeting with ukrai

the justice department will investigate santa clara chipmaker nvidia, the ftc will look into close intose business partners. microsoft and openai, the maker of chatgpt, mitch stolz of the electronic frontier foundation, told us earlier today. on the floor, there is concern that ai development will be too closely guarded. >> we're going to have the responsible, useful, really sort of human centered products based on ai. we're going to need competition to get there. we're going to need people, trying to build these tools in responsible ways. >> analysts say that federal investigators are concerned that the combination of data, hardware and software represented by these companies could lead to practices such as price fixing, bundling of products, and restricted access to information. okay, first thursdays is a brand new event, but it's back in san francisco coming up, we're going to see if this month's event is as popular as the previous one. there's only been two of them so far. then, coming up a little later tonight on the 10:00 news, the naacp now calling on the white house to take acti

the ftc will examine the conduct of openai ai and microsoft. no desire to leave their current employer. the number of employees who feel stuck in their jobs is down as well, and this is a stark difference from two years ago, when a majority of employees were leaning towards finding a new job. now, again tomorrow, we have the big monthly employment report and then also a company. a health care company goes public on the nasdaq. we'll have that for you. i'm pam cook. that's a look at your dollars and cents. >> thank you. pam, a final check of traffic on this thursday, 849 sal castaneda. do you still have worries about the commute? well things are improving, which is good. >> and right now we can go right to the improving part at the bay bridge. you can see it's improving there. hopefully we'll see more improvement as you get later in the morning. still have quite the grid of slow traffic in the silicon valley, although it is not unusual and we do have some slow traffic this morning on 882 union city, but more or less if you were waiting, things w

tiktok says it's been working with the federal government and is disappointed that the ftc decided to now surpassed microsoft as the world's most valuable company. the santa clara based chipmaker has dominated the ai industry, sending its profits soaring. shares of nvidia up 3.5% yesterday, lifting its market value $3.3 trillion. demand for its high speed processors has exploded, and that could be very good news for silicon valley as a whole. >> be more investment in the ai. you're going to see a lot of startups that trying either to be with nvidia or trying to compete with nvidia for the silicon valley in general, that's going to be really a magnet for talent to come to the valley, knowing that we have number one in the world. nvidia stock has almost doubled this year alone. >> the company was responsible for nearly one third of the s&p 500 entire gain for the year through may. >> the greatest player who ever lived. and it's a hero to the community. >> he means a lot to everybody here in a lot of ways. and, i'm going to miss him. >> go play area. morning the death of the great willie

the developments come as president joe biden pushes for a tougher ftc review of firms getting privileged access that could undermine fair competition. napa county is launching a i translation platform worth lee at the next board of supervisors. budget meeting that spanish speaking residents can understand the platform provides real-time translation in closed captioning in spanish, on phones, computers and other electronic devices. residents must bring their own devices and earphones to listen or read the translation in person. the meeting happens in person and over zoom monday at 06:00pm. in the east bay. firefighters contain a grass fire in alameda county that grew to 44 acres. the greenville fire at alum on passes. now, 100% contained. firefighters use ground crews to gain the upper hand. 15 celebrations continued around the bay area this weekend on saturday floats bands and dozens of organizations made their way through san francisco for the second annual juneteenth parade and festival. san francisco firefighters joining in on the fun posting on social media. they are excited to be wi

. >> reporter: senator blumenthal has asked the ftc to investigate those companies advertising and statementsh companies told us they were responding to his concerns. nested bean told us his criticisms were inaccurate, but both founders told us they have now lost more than 50% of their business, and dreamland baby's ceo williams says she is planning to sue the cpsc over that commissioner's warning letters to retailers. on that, norah, the cpsc declined to comment. >> norah: anna, thank you very much. it's a submarine showdown in cuba. that's next. marine showdown in cuba. that's next. showdown in cuba. that's next. but we could. with heart disease, you never know. so we made changes. green juice. yeah, not a fan. diet, exercise... statins helped. but our ldl-c (bad cholesterol)-it was stuck! stuck! just couldn't lower it enough. and high ldl-c meant a real risk of another attack. so i said, "let's ask our doctor about repatha." what can i say? listen to your heart. repatha plus a statin dramatically lowers ldl-c by 63%, and significantly drops the risk of having a heart attack. do not take re

the ftc is investigating, saying this is the second time in three months that at&t has experienced an outage. we're back in 60s ahead, bringing union square back to life. mayor breed's new plan to try to attract tourists to the struggling shopping area. and some big news from niners camp in santa clara. it's all about christian mccaffrey and his future with the team. and as temperatures heat up, we will see a little bit of wind tomorrow coming out of the north and the west, 15 to about 30mph. i'm back a slow network is no network for business. that's why more choose comcast business. and now, we're introducing ultimate speed for business —our fastest plans yet. we're up to 12 times faster than verizon, at&t, and t-mobile. and existing customers could even get up to triple the speeds... at no additional cost. it's ultimate speed for ultimate business. don't miss out on our fastest speed plans yet! switch to comcast business and get started for $49.99 a month. plus, ask how to get up to an $800 prepaid card. call today! at courthouse square this evening. city leaders raising the progres

it ftc doesn't regulate them all and doesn't make them do or no do anything but the relief that theycally alter the conditions of use of them mifepristone and affect women alaround the nation simply becauset's our addressed already. it wasn't addressed we would see this lawsuit in the remedy would be to defend them. >> one of the hard things abo trying to deal with this is there such a diffuse theory of ju it's almost as though the only option was to grant a nationwide remedy of the kind issued in that counter to ordinary article iii pncipals on specific relief butt shows there's something wrong with the theory of injury because it's so attenuated and the claimed there would be so much relief all over the country. >> let me nother question but in addition to the challeng that we have here the respondents challenge the fda's initial decision topp year 2000. a course ccurred a ry long time ago and was that challenge timely echoes of the ute of limitations? as you are aware in the context another case the court is currently considering the statute of limitations so setting aside standin

do that the federal government has an agency that does anything with, clean air, whether it be the ftc, all of the abbreviations of agencies when they get laws there are what justice kagen referred to as gaps. there's no matter how long a lot is there are going to be thing that is it doesn't account for. and the idea behind chevron deference is that we wanted to defer to those agencies because they have the expertise. they are the ones who are dealing with this issue in and out as opposed to judges who literally need to deal with everything. they don't get to specialize. they have to deal with all of the agencies. and so what we're going to have now is that any issue from any agency is just going to be up to what the judge says. and right now we have a very conservative court and we have a lot of judges as we've seen who if you file your case in the northern district of texas you get a judge who i believe had another ruling last night about ronny jackson having standing to bring a lawsuit. he issues a ruling that isn't deferring to an agency, that strikes down an agency rule. that gets

they're being sued by the ftc for antitrust. was three stocks, first party retail stock, third party retail stock, cloud computing stock it could be worth more than $2 trillion. i think amazon's unique among the antitrust plays there where if it resulted in a separation, three individual stocks could collectively be worth more than one stock. >> yeah. it seems like that's how the street might view it at the outset. a trillion the new $100 billion. 40 the new 4 years old which in this market makes sense. thanks very much. >> thank you, mike. >> more like 40 is the new 30. >> really? >> i don't know. i like to think so. still to come why a growing number of younger investors are opting out of stocks and bonds and putting eir neinhathmoy wt they see as more lucrative long-term investments. we have the details when we come back. >> university of maryland global campus is a school for real life, one that values the successes you've already achieved. earn up to 90 undergraduate credits for relevant experience and get the support you n

i also asked ftc chairman lina khan has she die fine defines a. >> many ways to access a company is aive ways is to look at whether a company is able to make things worse for its customers or its workers and get away with it. because if you have a functioning, free, competitive market, the idea is that if a company is being abusive towards its customers, those customers can go elsewhere. but if you see a persistence pattern of a company raising prices, degrading service, making it impossible to actually get somebody on the phone. all of these big and small ways that the consumer experience is worse, and you don't see defections,similarly, same things on worker side, direct evidence of a monopoly make things worse without losing out in a market. >> last week exxon emotional completed pioneer natural resources for $60 billion but ftc order preventing the ceo from joining exxon's board as part of that deal. i asked ftc chair khan about getting involved in that transaction. >> so we were pleased we were able to bring that action. up know, that investigation surfaced, will be viewed as pre