official coming on >> tapestry heavily here, a deal that may not get done. >>> another ftc action we're to cancel rule consumers love the idea of an easier way to cancel subscriptions. who knows how many we have several companies including comcast, the parent of this network, are suing to block that rule the ftc wants to make it easier for people right there with a button on the page to cancel a subscription that you don't want anymore, and obviously the businesses that have so much tied up in subscription revenue -- >> oh yeah >> they may not really want to make it that >> especially when companies are relying on subscriptions as the model they're using. >> their revenue stream. >>> less than two weeks away we start with an alarming report involving elon musk and russian president vladimir putin "the wall street journal" reported that musk has been having secret conversations with putin since late 2022. "the journal" says the discussions have been confirmed by several former and current european and russian officials according to nbc in a press briefing today, putin's press secretary d

well, click to cancel, that's the new rule adopted by the ftc. now the agency ruled that if consumers signed up online, they must also be able to cancel on the same website and on the same number of steps. now this is part of the ftc's time is money crackdown to reduce the hassle of canceling subscriptions and memberships. the new rule will also require businesses to obtain consumer consent before charging at the end of a free trial, changing memberships or auto renewals. now the ftc says they get around 70 complaints every day related to the issue of canceling subscriptions. the number has increased dramatically in recent years. now, on to amazon. amazon announced yesterday three agreements worth more than $500 million to develop nuclear energy. now this is all about smr, the small modular reactors. it's a type of nuclear reactor that is much smaller and easier to produce and has the third of the energy of a traditional reactor. google and microsoft have announced similar investments. with the rollout of a.i., these tech giants need big energy.

the answer, the ftc.y the bureau of overreached. as i became more familiar with the story i saw that the merger could raise prices for a particular category. it's called the accessible/affordable luxury segment. yesterday a federal court ruled in favor of the ftc and that's a death sentence for the deal. when i read the analysis showed that this could raise the price of handbags since they are pretty clear competitors in many stores. the former ceo of macy's testified in favor of the deal arguing that prices would not increase. the court thought otherwise. so why with the ftc waste their time on something as inconsequential as handbags? what is the problem. there's so many different kinds. if you judge it by the category, accessible and affordable this is the top two dogs getting together which gives them tremendous pricing power. i think we want affordable luxury to beef affordable. if something makes it less affordable than they are right to block it. why do i agree with the findings? if tapestry takes

stuart: the house judiciary committee, saying ftc chair lena kohn wrongfully used her agent, and with this new report, hillary. >> reporter: the house judiciary report claims the ftc weapon eyes did their power against x formerly known as twitter after elon musk -- they had been dragging their feet, they left their consent decree in limbo but once elon musk about the company the ftc rushed to finalize it despite concerns from other ftc commissioners who questioned why the urgency now. in response to those questions, and attorney advisor replied to the group that urgency is due to elon musk's purchase of the comedy. the consent decree was finalized in the company x received a flood of letters with hundreds of demands during the first three months of musk's ownership, the committee writing in the report based on the documents the ftc has produced, chair can't demanded they follow the x with dated timeline because twitter agreed to sell the company to musk. the chair would use this consent to harass musk and twitter including questions targeting journalists that could chill first amendme

of the ftc?in some cases. the business community would say too aggressive and there were a number -- a string of suits where they lost. does this change this dynamic? >> i think it does when you take the whole string of litigation events, it is true that they lost a couple on the front end, meta, microsoft activision, still on appeal, in the more recent experience they have done well and what it does is help overcome the narrative that, one, you can't win, two, you're picking bad cases, and, three, your chair is out of control, bringing cases that are way out of the mainstream. there is nothing like litigated victories to stifle that kind of discussion. >> what is your sense about the future of lina khan and i ask it because there has been questions about whether former president trump wins, whether he would keep her i imagine that's unlikely. yet as we know jd vance has been very positive and continued to say positive things about her. on the other side, there is a question about whether vice pr

looks like the ftc has prevailed. we've gotten indications they don't plan to appeal >> all right no appeal. any sense ofwhat is next for capri? >> this is a rough day for capri. already, sales were falling tremendously at michael kors that's why it was willing to merge with tapestry, it was going to be able to come into a bigger umbrella, have the synergies, and, i mean, right now, it's just having trouble competing. michael kors used to be one of the most popular brands with american consumers and now it's a mainstay at places like tjmaxx you can't argue with that. they're going to have to find the investments necessary, find the cash on the balance sheet to invest into growth, figure out new strategies and fix that brand, and that's not easy or cheap. >> gabrielle. karen, you've been following this closely what happens next for capri? what are its options in your view >> so -- they're in a difficult spot i think they only sold because they wanted to sell and felt like they needed to sell, that kors was having diffi

the doj investigating companies, but you also have the ftc just being anti-deal. >> yes.," and the times doesn't usually like to go against its own, the mouthpiece of the democratic party, but the times and the journal talking about how even democratic donors now are telling the powers that be you need to quiet lina khan at the ftc. she is getting in the way, and she's not doing the country or our companies any service. maria: so all the more reason to celebrate a quarter like morgan stanley just had with all this new capital markets business, and goldman sachs as well, even in the face of this pushback from doj and ftc. >> yeah. look at all the headwinds companies have faced whether it's covid, higher regulation, and, you know, american companies -- i always arrest this, i hate betting against the american economy because we're resourceful. i'm a business other than, and we always figure out a way regardless what poll decisions try to do -- business other than. we always figure a way to beat out whatever hurdles are in the way, and that's remarkable. maria: it seems to t

first now we are learning in this filing of some of the details of some of the information that the ftcs asking, including information about market share, and other data of how much deere had penetration into this industry. tyler, back over to you. >> thank you very much, 'em everyafter. >>> retail sales were better than expected, un0.4%. as we coup down to the holiday season, the national retail federation is forecasting record spending once again. matt shay is president and ceo of the nrf. matt, great to see you. >> his, kelly. >> the holidays projections seem muted. >> that's a good question. what we saw today from census, we did our numbers were a bit moor muted, but our interpretation of the census numbers is actually 2.4%. the nrf monitor from last week was up about 1%, so the numbers are good. consumers are still spending. there's a lot of firepower. we know the savings rate is way down. the pandemic payments have been substantially whittled away, but it's come down stampally and we're seal real wage growth, and the unemployment rate from its lows earlier this year, still very lo

you can also report them to the ftc. and by reporting those emails and marking them as spam, you can keep them out of your inbox. but you can also help other people avoid them as well. >> and just real quickly, we just have a quick second. but there were two other things multifactor authentication and then also updating your softwar. >> easy peasy. turn on that second step everywhere you can. two factor or multifactor. they have different names for it. always do that where you can. and then update your software. the cyber security awareness month. >> all right anne cutler with keeper security, thank you much for joining us. and also for providing those really important tips. >> glad to be here jana. thank you. >> yeah great advice. the federal government is taking some new steps now to help americans feel secure in their purchases. fox news jared halpern tells us about the new rule banning phony online product reviews. >> we must be clear eyed and vigilant about the threats emerging of emerging technologies. >> have you

do they keep ftc? do we need ftc and justice department? >> very efficient. >> keep justice. >> right now the ftc is feeling good as you know. >> they're in charge. >> after a number of not particularly great rulings. look at that. >> this is a ruling that says -- i don't want to denigrate the judge. oh you want to save it? >> no. i want to talk about it now. i will let you go through what you have annotated there. a very long decision. if you haven't heard of course this happened after the bell yesterday. the federal judge in new york blocking the deal which tapestry would have caught capri. you may recall that business is not in the best of places of late. there was question as to whether in fact if tapestry were to prevail whether they would want some price cut based on perhaps exchange. none of that would seem to be in play. yes they're going to appeal. they're contractually obligated to do so. it appears unlikely at least from what i am hearing that an appeal would succeed. her decision jim has written all over here firmly established

william: this is just one of several of what people would argue is an activist moved by the ftc.the broader mission as elucidated by chairman lena con? >> i think chair kahn is paying attention to what really harms consumers and what consumers are complaining about and where they are having money siphoned out of their pockets, if not necessarily with their consent. i think this is a very common sense solution to a pervasive problem that everyone can relate to. the chair has had a phenomenal record to responding to everyday problems that hurt the pocketbooks of americans. what she is trying to do is what she has done with other consumer protection rule makings, enforcement efforts, and statements like policy statements and guidance, which is to give consumers freedom to make the choices that they want to engage with the product that they choose. william: all right, erin whitty, thank you so much for being here. >> thank you for having me. ♪ geoff: from john f. kennedy's assassination to the son of sam murders, jimmy breslin famously covered the major events of the 20th century as

liz: is she softening up though because today the ftc approved the chevron hess deal.of the board. liz: the ceo of hess. charlie: okay, you could do the deal, but you know, one of your top people can't be part of the board. liz: there's a reason they said he had negotiated or gotten too involved with opec. charlie: yeah, he got involved with opec as a ceo. liz: listen, i'm -- i'm just telling you we can go around and around here. she is literally talking, listen, say what you like about google and i'm not crazy about a lot of things they do. i think they stifle political speech of conservatives. there's decent evidence of that. that's an american company, creates wealth in the us, is the economy worse off with them or without them? i mean, ask yourself that. if they are going to go the baby bell route where they become a wholesaler like you kind of use their platform for others sort of competing search engines and advertising, i mean, is that how much wealth does that destroy? liz: can i just be clear though. they aren't saying shutdown google. you just said is the eco

new ftc rule bans the use of fake online reviews. it essentially criminalizes the sale or purchase of online reviews. target's fake reviews, written by so-called bots and bans reviews created by ai. the ftc says this is just the first step as it revamps its efforts to protect americans from getting cheated. >> people caught publishing a fake review would be fined more than $50,000. >> ford is warning their electric car owners stop using adapters for tesla's supercharger network. they began offering free adapters in february. now they're telling customers stopped because the adapter could reduce charging speeds over time or even cause permanent damage to the charge. port customers are being urged to update their addresses on the ford website by thursday and they can get a free replacement adapter. >> well, as we keep mentioning, we're 2 weeks away from election day. some have some tea ballots will be traveling, especially far this year. something tells me next week we're going to be saying one week things at about 8 times and tonight'

the ftc many times stand lone companies no othersets in the sector as i know big cases in front of ftcow see how they revolve supermarkets handbag sector. >> i guess i am getting at a freeze in this business, and i am wondering if there is any expectation that things will get alleviated, regulation is a real issue, in business, obviously. donald trump has talked a lot about cutting regulation is a beautiful thing, i -- i mean so, so much relies on policy here doesn't it in order to see a big move continuing in cap markets businesses. >> no doubt people are waiting so really between now and the election, i guess in two or three weeks from now people are watching and waiting there is no reason to get ahead of it they want to see how this gets o resolved what it gets, in terms of policy that is one aspect, the second is liquidity, the third is pent-up demanded for people to actually go ahead, in transactions all that is coming to bear. as you said, activity this year very good for major banks, i hope outlook for next year is the same backdrop in ipos is huge, huge. >> maybe 2025 stuff on

now, no statement from the ftc. we're likely going to be getting an appeal from both companies about this. and i want to take you back to tesla. what a pop we saw in shares. as you pointed out, 22% judmp there. that was the best performance in more than a decade. why we saw that optimism coming from the ceo elon musk about the lower-cost model, the robo taxi and about current ev sales. the change in the market, a whopping $140 billion. back to you. >>> and, if you're wondering where frances is this morning and why you're stuck with me, she served as the emcee for the american heart association heart and stroke ball on new york's long island, sharing her own mother's survival as a teen from a nearly fatal congenital heart defect. the organization is celebrating 100 years of its impact on heart health, changing and saving lives through equity, knowledge, discovery and advocacy. >>> still to come, new music from lady gaga, and don't tell travis, but a nfl stadium outside kansas city is giving a outside kansas city is g

he ruled the ftc's complaint can move forward, a big load amazon.zon said it made a bunch of arguments that it's marketplace is designed to help consumers. all of its algorithms are designed to help lower prices. the judge said that may be the case but at this point in the suit i can't really consider that. we have to move forward before amazon is allowed to make those kinds of arguments. caroline: amazon front and center, but so too is alphabet at the moment in multiple ways. we expecting further updates in terms of concerns about its own marketplace today. leah: yeah. yesterday in the google play case, an antitrust case in california involving epic games, the judge in the case imposed an injunction on google devil ba -- that will ban it from paying developers or manufacturers to make its place the default when on the device. they can no longer pay developers to exclusively launch their apps in the app store. it has to allow other companies that want to perhaps like amazon or microsoft offer alternate app stores for android devices. this last for t

what has the ftc commissioner said? guest: the ftc has been pretty active in terms of responding to some of the robo call issues. they were among those that fined the man in new hampshire who shared the biden robo calls earlier this year. they have been very aggressive in terms of putting a stake in the ground on addressing the deception issues that come up with ai. this is a continuation of the work that we've seen the agency due on robo calls over the past years. this work has received some pushback from republicans who are concerned about the implications for free speech and political speech and have questioned whether it is proper for the fcc to play this role. host: florida on the line for independents, good morning, stan. caller: i want be voting for rick scott, either. elon musk is giving donald trump all this money to send out ads. they are sending out ads in all of these states telling them not to vote for kamala harris because she is a jew hater. i have seen biden in the back of the car driving down the street

along with the ftc, a big trust regulator. when it comes to gunning down mergers and acquisitions. i think it is undeniable that our government is way too lax around having so many murders, in the airline business over the past 20 years. to the point to where we only have three major airlines. we have lost delta, -- continental, u.s. airways. even increased prices for you. air travel was so much cheaper 15 years ago, kids have no idea these days. jetblue and spirit, two budget airlines that compete heavily for customers, sought to enforce this, it ade perfect sense to block the deal. i was always surprised how little it cost to fly from new york to west palm, or fort lauderdale. i attribute that to the wonderful competition of jetblue and spirit. we see the downside of any antitrust regulation. spirit is in such bad shape, they were basically losing competitors regardless. spirit eliminates the most competitive reps, -- roots, and we might have been at her off letting jetblue buy the darn thing. something similar happened back in 2015, when algreens tried to buy right aid. the deal

. >> reporter: now, the ftc says it's issuing new rules requiring businesses to make cancelling as easyo american should be stuck paying for a service they no longer want. >> reporter: the ftc says too often, americans end up paying more money and wasting their time just trying to opt out. in june, the ftc sued amazon, accusing the e-commerce giant of deceptively enrolling millions of shoppers into amazon prime without their consent, then making it hard to leave. amazon tells nbc news, prime's sign-up and cancellation processes are clear and simple by decline. customers sign up for prime because it is an incredible and a great value. and they can cancel their prime membership with a few clicks from the home page. it will prohibit sellers from misrepresenting any material fact made while marketing goods or services. failing to disclose material terms prior to gaining a consumer's billing information, failing to obtain a consumer's express informed consent, which means they want to continue with the plan. and failing to provide a simple mechanism to cancel a subscription and halt the char

he knew the imposter, the real killian rose. >> the ftc report is correct.omebody did steal my identity, but. apparently, i hosted that person. >> sergei said he now realized the thief was his own brother. rudy. one of the family members who had been visiting from indonesia over the holidays. sergei says he and rudy share a striking resemblance, and they are often mistaken for one another. >> he's like a slightly younger version of me, and if he were my glasses, you you cannot really tell us apart. >> it was rudy who had helped him file identity theft reports, and sergei said he now recalled rudy not seem surprised when the killian rose packet arrived at abc seven weeks later, and he was like, oh, okay. >> so now hopefully they will clear you. and i was like, it's not that simple. >> one by one, he said, the pieces fell into place. sergey says rudy had been staying at his brentwood home in december and january to make life easier for his guest, sergei says he let his brother use his home computer, his chase debit card and his personal cell phone. rudy also h

the ftc, the doj, antitrust division. because we are looking at we are all about the same thing. you want to stop unfair and deceptive practices, you want to stop misclassification. you want to stop employment structures and models and practices that are creating vertical restraints on competition that are affecting consumers, that are affecting workers. and so we are all tackling these looking at it from our different lenses. but the goal is to all address them at workplaces at the same time as possible so that workers can actually enjoy working in a conducive environment and which benefits not only them but their families and communities. if they feel empowered to elevate their voices and if their employees actually -- employers listen to what their concerns are and address them, then workplace conflict diminishes and that's a win for everybody and i will say with the ftc and doj antitrust which -- what has been nice is the educational piece between the two, because i'm certainly not an antitrust expert by any stretch of the imagination. we provide technical assistance to one a

those and going to see antitrust laws and policies and going for them and working for the economy and ftc and it's like a fairly arbitrary and fairly capricious lead for the market and going for the contradiction or even a contradiction in am i misreading you? >> the rule of government expanded and it's not been a lot and it's the role of government and it's a crisis when there is a role for government in providing some basic welfare for a society andwork with a handful of companies and the profits are more distributed and the enterprise making the profit and reach ago point with a handful of companies that are making extraordinary profit and we need to recognize that and going for them and the fact that it's gone a bit wrong there and going for them and the policy that'sse spent handful of very big companies is consist with a true capitalist system and therefore there's some sympathy with the antitrust being like enforced in a more systematic way and going for them and the way it happens and we got through antitrust and expect it to go away and don't deal with the source of the problem a

what you could see in key regulatory roles, the securities exchange commission, ftc, right down the linesentially the biden administration moving into those roles, keeping the current jobs in terms of without getting in a messy confirmation fight with republicans in the senate because they will try to stop just about every sort of far left progressive appointment. for example, if kamala harris goes out and appoints keith ellison, the minnesota attorney general a lot of people think he will be the new attorney general you will get a lot of backlash from republicans given his far left ties to louis farrakhan in the past and he prosecuted the george floyd officers and a reconsideration about the fairness of that trial so you will get back lash on that so you could see the biden administration in many ways supplanted to a kamala harris administration. went talking about trump, different ballgame and the names are all over the place, j clayton, the former sec chair, great security lawyer. i heard his name as a potential cia chief, j is too nice to put a drone strike on somebody. more likely h

. >> the ftc is coming for fake reviewers and ad platforms that support them. thrilled they want to get rid of review farms, which are entities that just pump out reviews. and i think particularly concerns about ai are part of why the ftc is concerned. and also moving pretty rapidly. >> the ftc can now seek civil penalties against those who violate the rule. fake reviews can be reported on the agency's website. >> a new poll in san francisco shows one candidate taking the lead in the race for the mayor. philanthropist and nonprofit founder daniel lurie is surging among some voters. according to the san francisco chronicle poll, lurie is just one point behind incumbent mayor london breed, and after the votes are distributed based on the city's ranked choice system, lurie is actually ahead of breed 56 to 44%. >> there are a lot of challenges ahead of the city, and i would like somebody who knows how the city works. >> i basically think that we could use a fresh look at things. >> he's trying to remove a lot of the red tape. he's actually bringing new business int

honestly, i think tapestry should send roses to the ftc for getting them out of this you are talking coach which is a brand that has managed to maintain full price selling and not return to discounting. then you are talking about kors which has gone back to discounting and is eventually sacrificing operating margins to sell at a discount the competition has one result for tapestry which is to drag down tapestry. that's basically how i look at it here. they are going to appeal, it looks like, but that's part of the merger agreement you know, the chances of getting this overturned is a big question mark. this is a huge distraction for both companies also, it really sets the tone for m&a in the dindustry you have kroger and albertson's on the table you are really scaring away any potential suitors for some of the smaller consumer brands here. >> i want to move on to earnings deckers. they are the owners of hoka. give us your take on the earnings reports and the outlook. and the turn around at nike. how big of a challenge is this >> you look at hoka. hoka sales are up 35%. that's barely

one man wrecking crew, she wants to basically, a menace to american businesslike liz cheney of the ftcunder leyna kahn. linea kahn i don't know her first name, leyna kahn, federal trade commission, and the justice department, 43% of the s&p 500 market caps, almost half of the stock market cap, is now under federal tread commission and justice department ai antitrust investigation, a who's who of business. bank of america, meta, apple, master card, visa, coca-cola, she say weapon, a menace, unleash her, put her out there, she will turn offer person who has a job in business anywhere in america. you are going after the wrong person. >> you might be right larry, it filings like more they put their people out there, whether it tim walz or kamala harris not only like this death loop, the more she talks more people bone don't like her, follow-up on something jim said, i think that most important thing you can have in politics is a the authenticity, that is the issue, president trump actually likes mcdonald's. this is part of him doing that, that was real. people can identify with that, she g

the ftc said it would wipe out competition with the two leading u.s. handbag makers.otte has been looking at this court decision. how are we reading this? the markets are look aging at te performance of the companies is this a positive for any of them >> we have to wait and see this is interesting with the development. this deal was announced in august of last year in april where the ftc announcing suing the company with the tie up of capri and tapestry here again, the argument with that decision announced yesterday with the tieup with the companies would make a company with 59% share of the accessible luxury market and it would be bad for competition and bring prices up and bad for competition in acquiring employees and the benefits the employees would have with the merged group with 33,000 p employees. they are not each other's competition. that's really what's at stake. can you create an american answer to kering or lvmh when you look at lvmh, they have 75 brands under one roof kering is 11 ric richemont is more than 11. it is all the giants that keep ak cquiring s

the chair of the ftc says the rule is meant to protect american consumers penalties. >> a pilot program trying to build a better bay area by reducing waste is almost over. businesses in one city committed to reusing the same plastic ps s reporter tim the streets of downtown petaluma, and you can't help but notice these called the petaluma reusable cup project, program, dozens of businesses around the city have been given these purple reusable cups to give their customers, which they can then dr tffhen sanitized, ad then they get sent back to the companies that >> don amarante has one of the mindful of how our daily livese. petaluma city officials say it's been hugely successful and that returned within the first two months alone. petaluma over thew, getting course of two months, which is both the cups and the recycling bins has driven the program's in all the stores that provide them. >> once it's over, data from the program will be analyzed to sees the us tim johnstalk about to be really nice the rest of the week. ama and dan. let me show you what it looked like ofd front that had come

capri shares cut nearly in half after the ftc struck down the merger with tapestry the stock is downt traded more than 12 times its average daily volume, not common to see a company this small among the most active single stocks. put volume did exceed. the most active opening contract, though, was actually call buyers that were going out and buying the 25 straight calls that expire in january, 13,500 traded for $1.60 or so on average. some people are seeing some potential light at the end of the tunnel, maybe a rebound. >> where would you stand on this, if at all? >> i think tapestry. it's interesting, because obviously -- >> a sigh of relief for tapestry >> it was holding back the stock and it was something that took off and had a big move today i still think there was some sense this was a deal that wasn't great for them, either. that would be my call. >> it was thought that perhaps even if the deal were to go through that they would renegotiate, because the conditions -- the conditions have changed materially. >> get the ball and chain removed. >> exactly >> i can understand the o

after serving as an assistant director for the bureau competition at the ftc, role practiced law as a partner. the steptoe and johnson llp and founded lex mundi foundation, a public organization that continues provide pro bono legal services to social entrepreneurs around world. he lives in washington, d.c., and he is here to present us today. will you welcome mr. role. thank you. great to be here. i think this is the third time that i've been here, so i'm great. i love to just walk around this. it's so, so. so historian have said and say that harry truman was an accidental president. i made mistake but roosevelt's death was no accident. it was expected. it was expected his own doctors told, him that he would not survive a fourth term but he ran and won anyway and harry truman knew that physically roosevelt had gone to pieces he said so to a and it was an open in washington that fdr could die at any time. truman used say to whomever would listen that he did not want a path to the presidency for himself to run through the back door of the white. and so all in all, this meant that. roos

all three have been sued by the bidenen department of justice and/or the ftc.e and amazon. the biggest companies out there. so reports say that tim cook, sundar pichai and andy jassy have each called trump on the phone. they're not trying to be an elon musk-type sur i gate, they just don't want this aggressive relationship after president joe biden's regulatory arm has attacked their businesses. has attacked their bread and butter. so they're making nice. stuart: trump will make some serious changes at the ftc. [laughter] guaranteed. can't wait. all right, thanks, lauren. >>> coming up, president biden just made his own deplorables speech. he called trump supporters garbage. that was the word used by one speaker at trump's madison square garden rally to describe puerto rico. the white house tried to walk it back, but it was too late. biden's hatred of trump clouds his judgment. you know, you really should not insult half the country. that's going to be my take at the top of the hour. >>> harris gave her closing argument last night, 30-minute speech. it included

the ftc chair, her term is up. she can either get another term under kamala harris, although there is a lot of debate in the democratic camp -- some of the billionaire donor class do not want to see her at the top of the ftc. others, like alexandra cortez -- this is the one individual jd vance think is actually doing a good job in the biden administration. jonathan: let's get to the cross asset board. check out the bond market. given equities and helping hand. the 10 year, 4.1960. looking ahead to the payrolls report, sneak peek of our survey, the estimate comes down to 120,000. that is estimate in our survey. coming up, we catch up with jim bianco as traders look ahead to the u.s. election, ed mills of raymond james, and former imf first managing director john lipsky as the imf's annual meeting wraps up. the s&p 500 heading for its first weekly drop in seven. jim bianco of beyonca research -- bianco research writing the power of the betting markets as they can reactively to new information, such as a political eve

the ftc argued against the merger saying it would eliminate competition and lead to higher prices. >>oduct safety commission says you should stop using chad and jake children's robes because they can catch fire. the robes are not flame resistant. the robes were sold online on various websites including amazon and chad&jake.com. >>> sam's club is getting in on the thanksgiving day meal deal program. it includes a turkey with five sides and a pumpkin pie that can feed ten people for 100 bucks. that's $10 a person. they join walmart and aldi's to offers deals like this. that's your "cbs moneywatch" report for this friday morning. i'm karissa lawson. cbs new york. >>> the yankees and dodgers prepare to face off in game one of the world series. [♪♪] did you know, how you feel can be affected by the bacteria in your gut? try new align yogurt coated probiotic fruit bites. with a delicious apple and blueberry-flavored fruit center and yogurt coating, each bite is infused with added probiotics, to help promote a healthy digestive system every day. plus, they're packaged in individually-wrapped

ftc chair lina kahn saying in a statement that they have already received reports of price gouging ons people take a look get out of the storm's path. >>> the consumer financial protection bureau says it is on the lookout for scammers, warning of fraudulent charities for hurricane victims. >>> honda is recalling almost 1.7 million vehicles due to a steering issue that could lead to crashes. the vehicles being recalled were for model years 2022 to 2025 and include civics, crvs, hrvs, and acuba intakingeras -- acura integras. the national transportation safety board announced an investigation into the cars in march after receiving 145 complaints from drivers of honda civics saying their steering was sticking. >>> and amazon is looking to make its delivery drivers' jobs a little bit easier. the company is rolling out new technology in some of its delivery vans that will project markers on to packages that need to be dropped off when a driver arrives at an address. the company says tests show the new tech saves drivers more than 30 minutes per route. >>> that's your cbs "moneywatch" repor

the fact that you have republican members praising the ftc chair on some of the think she is doing to me is mind blowing. it is acceptable in many republican circles. probably more alive and well when you were serving. martha, i do not recall a huge populist strand in the republican congress when we were there. >> they kind of trusted their members of congress to go and do their job. it was not until the advent of silos of information and cable tv and now you only talk to your friends and reiterate what you all think together and you never hear the other side type of thing. until all of that in social media came in, before it was like you all did not really know what we were doing in d.c. you just trusted that we would go and we would work as best we could and then we would come back and filter through what i did. i would tell you, oh, yeah, listen to what i did and you guys with say loretta is a great congresswoman. now if i was in there and i came back i would have a long list of people screaming and yelling at me. >> i always hated it when we sat in our conference and we were told

. $2 million settlement with the ftc for misleading drivers about their pay., lyft did not disclose that the amounts were based on earnings of the top 20% of drivers and not on an average driver. the settlement is part of its ongoing efforts to protect gig economy workers. happening today. one of san francisco's most popular halloween events returns to the castro district. the festivities have been part of the neighborhood's culture for several years. it's expected that this year's events will be more family friendly, with costume contests, face painting, and a spooky movie marathon. it returned last year after not being held for almost 15 years. the event begins at noon. also today, survivors and advocates will be making strides against breast cancer in santa clara. the american cancer society will put on the annual 3 to 5 mile walk at california's great america. the walk raises money and funds research that helps develop life saving programs. gates open at eight, followed by the walk at 830. parking is free for all riders who get there before 10 a.m. let's c

she's like the liz cheney of the ftc. listen to this. under lina khan, i'm sorry i don't know her first name, under her, federal trade commission and the justice department, 43% of the s&p 500 market cap almost half of the stock market cap is now under federal trade commission and justice department anti-trust investigation. i mean, listen to this. it's a who's who of business. bank of america, nvidia, amazon, meta, google, tesla, jpmorgan, mastercard, visa, coca cola, adobe. i mean, come on. she's a weapon. she's a menace. unleash her and put her out there, man. she will turn off every person whose got a job in business, anywhere in america. you're going after the wrong person. >> you might be right, larry. it does feel like the more they put their people out there, whether it's tim walz or kamala harris, whose not only kind of like this loop, people don't know her and they push her out there and the more she talks the more people don't like her so you might be on to something and a follow-up on something jim said. i think the most impo

the ftc declined to comment. over joe rogan's interview with president trump. users pushing back, after it was reported they could not search for the three hour podcast even after putting in key words like joe rogan trump or joe rogan donald trump. instead, users got results from news outlets like msnbc or fox. it was a similar story on google which reportedly only showed negative results about trump and the podcast. now, fox business reached out to google who told us, quote, for some searches on monday, the original three hour interview didn't appear prominently. we know it was frustrating for users looking to find that full video. work to resolve this and viewers will begin seeing the full podcast in more youtube search results soon. yesterday, rogan posted the entirety of the interview to x, noting that kamala harris' team said they would do an interview but only wanted an hour ant didn't want to travel to rogan's texas studio. the trump interview currently has 37 million views on youtube and i can tell you it

she heads the ftc and opposes almost all mergers. and the merger between capris and tapestry has been blocked. why? because if they got together, it would apparently kill competition in the handbag industry. and tonight game one of the world series. the yankees take on the dodgers in the bronx. it's on fox. it is the friday, october the 25th, 2024. "varney & company" is about to begin. ♪ ♪ ♪ stuart: this is the the easy beats, i'm reliably informed. [laughter] friday on my mind. guaranteed to play that on a friday morning. why not? okay. it's a deserted sex sixth -- sixth avenue again. you don't go to work in the city on a friday, do you? eleven days to go until election day. madison alworth with us. trump was in vegas last night. what did he say? >> he was really bullish on his odds of winning the swing with states. take a listen to the former president. >> we're leading by a lot in nevada. we're leading by a lot in arizona, michigan, pennsylvania. [cheers and applause] wisconsin. this will be the biggest political event in the hist

the ftc claims lyft made deceptive claims about how much drivers could expect to make per hour. however, lyft did not disclose that the amounts were based on earnings of the top 20% of drivers and not on an average driver. the settlement is part of its ongoing efforts to protect gig economy workers. new. this morning, santa clara based nvidia surpassed apple as the most valuable company in the world. the company had a record breaking day in the stock market friday, with demand for its specialized artificial intelligence chips. at one point, nvidia hit $3.53 trillion in value, taking over apple's 3.52. it ended the day with a value of 3.47 trillion. still to come on abc seven mornings slowing down sideshows with new technology. how local officials are using it to tackle the issue. impacting people across the bay area. >> i'm reggie aqui. >> i'm lyanne melendez. i'm luz pena. i'm tara campbell i'm j.r. >> stone at abc seven news we deliver local stories with real answers to help make our city better and we need real experienced leadership. we need mark farrell. our interim mayor w

the ftc claims lyft made deceptive claims about how much drivers could expect to make per hour. however, lyft did not disclose that the amounts were based on earnings of the top 20% of drivers and not an average driver. the settlement is part of its ongoing efforts to protect gig economy workers. new this morning, santa clara based nvidia surpassed apple as the most valuable company in the world. the company had a record breaking day in the stock market friday, with demand for its specialized artificial intelligence chips. at one point, nvidia hit $3.53 trillion in value, taking over apple's 3.52. it ended the day with a value of 3.47 trillion. all right. still to come on abc seven mornings slowing down sideshows with new technology. how local officials are using it to tackle the issue impacting people across th and we need real experienced leadership. we need mark farrell. our interim mayor who got things done. who showed we can clear tent encampments, fight crime, and address the drug crisis. who will make the tough choices for our city's future. "i'm mark farrell. i'm running

. >> the ftc and system, which is agency that handles, you know, a lot of the cyber issues and criticalrastructure in this country. have you know, they're on this. they are, you know, definitely watching things and the fbi as well. and you as a consumer, if you see a scam or you think that you've been scammed, you should report these kinds of crimes >> and what are some trusted source is that people can turn to if they think they've been scammed just want to make sure they are being scammed. >> definitely deal with the ftc when it comes to reporting scams. also, the fbi, if you know, you want to check out charity of the better business bureau can actually help you out with that. there are also, you know, different web sites online that will, you know, will help you verify a charity. you basically are best when you stick with those. well, no one's that. we've all given to and noel and go directly to their website. don't click on a link in any kind of e-mail. and, you given your expertise in in this would love to sit at this question here. you know, in this age of ai. >> are you seeing a

we work with the ftc, and the ftc talked about the new model they were exposed to in hearing from stakeholders, and i am proud of the work that i've done on making sure alaskans can talk about this merger and the negative impacts we have seen from another merger. a number of local grocery stores closed really impacting neighborhoods, communities, and we need to know how many stores would possibly be divested not under the merger. we need to know where those stores are and what the game plan is for that community. need to make sure people have bargaining rights if this merger goes forward. moderator: before we continue with our questions, we would like to remind you again that we want to hear which issues are most important to you. scan the qr code on your screen or go to alaskapublic.org. next we turn to public safety. the need for policing in rural alaska is a long-standing problem. in 2019 then attorney general william barr declared the lack an emergency. world citizens do not have adequate protection from lawlessness. what would you propose to fix this chronic problem? rep. peltola: i serve

publishing a fake review is a fine of $51,000, and you can report a fake review right there on the ftc'ssite. >> next here at five. intense scrutiny over an alleged leak of classified documents linked to israel's military efforts. what they reveal about the plans for retaliation against iran. >> and barry, whether a little bit of a warm up as we head into your wednesday forecast, but maybe some changes by the weekend and maybe a shower chance we'll have more in your forecast coming up. >> also tonight, a new sport coming to the oakland coliseum. how a team called the unicorn is expected to san francisco is in crisis and we need real experienced leadership. we need mark farrell. our interim mayor who got things done. who showed we can clear tent encampments, fight crime, and address the drug crisis. who will make the tough choices for our city's future. "i'm mark farrell. i'm running for mayor because san francisco deserves better." "i'm ready to deliver that change on day one." mark farrell. a proven leader with the experience we need. are heartbreaking and unsettling. we spoke last hour

the ftc is also saying to be on the lookout for home improvement and debris removal scams. walk away. if someone demands cash payments up front. that's it for today's true crime news. i'm anna garcia. join us next time, everyone. - [caller] we at gwinnett mall, and a lady just got shot. - what caused her to die? - there was a single gunshot wound. the victim had no identifying information on their person. - the vehicle is the crime scene. - we scoured the streets to find this car 'cause without it, i had no evidence. (intense music) - he felt armed with the knowledge that fingerprints don't lie. - the fingerprints aren't gonna lie.