and that's what we did at the ftc. >> where are we now?ecause in all the noise about what's going on in washington and doj's, in fact, some of the rules and some of the determinations you made as chair of ftc are still in place, it hasn't been dismantled. i don't know whether to end that with a yet or not is where do you think we're going? >> well, look, it's too early to know. and of course, it's been extraordinarily alarming to see the dismantling of agencies like the cfpb, which have been such critical partners to the ftc. but you're right. i mean, look, there were lawsuits against big tech that were started in the first trump administration and then in the biden administration. we kind of picked up that baton and kept going. and so i think you're definitely going to see some areas where now that we're back in the trump administration, we're going to see some of that activity continue as well. but i do get the sense that there is a real factional debate between the more populist wing and the more oligarchic wing, and we're going to have

n. diplflr�*ftc ' ' - "fl ' say it is also observers say it is also that france and interesting that france to have more india to have more collaborations especially in cellaberatiens espeeiallgrinrrr ~ . , of a time when their e with china is a relationship with china is a bit is bit stressed. and that is changing geopolitics and discussions on tariffs. and that makes it interesting” — w w, 77 this that makes it interesting” — 7—7 w— 77 this will be the first because this will be the first of the post which part at the visit. pest flhish' 7 ~ ~ ~ , minister would head prime minister modi would head to the united states to meet president trump amidst all the discussions on tariffs.- discussions on tariffs. yes, lots to come _ discussions on tariffs. yes, lots to come over - discussions on tariffs. yes, lots to come over the - discussions on tariffs. yes, i lots to come over the week for that. archa na shukla. in mumbai. to boost domestic demand. we treat as an ongoing economic cycle is an ongoing cycle for india on the macro front. it was a major driver for that element of productivity. as w

coming up, new chairman of ftc., he told fox business he promises to strip protections from big tech and hold the industry's feet to the fire. much more with his exclusive interview weed ward lawrence on this show today. trump is negotiate ago ban for tiktok and chinese-owned app looking for u.s. buyer and next guest throwing hat in the ring. entrepreneur reed rassner offering nearly $50 billion. what he wants included in that deal. that's important. he's next. ♪ there are many ways to deliver a shipment. at old dominion freight line, we deliver them this way. this way uses technology and goes the extra mile to do things the right way. the delivering promises on time, every time, way. stuart: it's a selloff. red ink across the board. lou basenese with us and not looking at selloff but stock picks he thinks might go up. >> absolutely. as an investor, you see a lot of red and got to think green. it's a future profit opportunity. this sackmary company that makes medical devices for back pain and getting them into other

. >> reporter: yeah, the ftc chairman, andrew ferguson.want to replace big government is with big corporations, however, he's going to rein in the ftc while till holding america's largest corporations including tech accountable. >> e am part of this organic conservative movement that started under president trump that say, you know what a in big bureaucracies, big, onerous government regulations, that's terrible for human flourishing. but it isn't any better if we replace big government with giant no if knop listic businesses. and antitrust is how we make sure that giant monopolies don't grow and our economy can thrive. >> reporter: one of the big monopolies that comes to mind is apple, the app store. before the supreme court. are they till going to be under the microscope with what what they're doing. >> so i think so. i think all of big tech going to remain under the microscope. i can at least speak for the federal trade commission. we've got cases involving amazon and meta. i care deeply about these cases. they're very important. i inte

it looked like the cfpb, the ftc, et cetera., everything like that. and where they're crowdfunding, crowdsourcing all of this information from people who are just on x. >> it's because it's what you use, what people use for x is to say things or put out press releases, or to put spin on anything that's out there, not putting out the data or the spreadsheets or the numbers, or opening up the books to show what is actually being done. when are they like, what's the next step here? what are you hearing in like where even the legacy employees are going to be able to what they're going to be able to do? >> yeah. so they had at usds their weekly staff meeting yesterday and they got no word on who the administrator would be. and they're kind of just working on similar projects that they've been working on already. it's as if everything is business as usual. at usds and doge. when it comes to opening things up and having a better idea of what doge is doing. um, in the executive order, it says that the administrator is tasked with writing some report at the en

, the ftc, if they fall under the purview of the executive and president trump. what does that mean for everyday americans? >> yeah. well, i think it's very clear that the president believes he is already executing that authority. you see, his advisors like stephen miller and elon musk going on cable news and arguing that they have this authority, which they believe the supreme court has authorized, essentially. but listen, at the end of the day, what it looks like is they're trying to further rig the system. what is the sec do? it regulates the stock market. why are billionaires trying to take over control of the stock market? it is the place where money is made. and so i think it's very clear that the takeover of these independent agencies is really about not only a power grab, but about further rigging the system. same with the fcc. this is the entity that regulates mass communications in this country. why would you want to take over mass communications if you wanted to control how media operate and how communication systems operate? so i think this power grab

. >> bill: a new chairman of the ftc and talking big about tech.dward lawrence is on that live from the white house today. edward. >> bill, the chairman of the federal trade commission believes the agency's mission to protect workers and facilitate business has gone off track over the past four years and wants to bring it back. following that executive order from president trump this week saying independent or semi independent agencies have to submit new regulations to the white house for approval that is something he will do. >> what you don't want is a big powerful agency making decisions on its own. if those decisions hurt people and people say what can we do about this and the president goes they are independent, i can't do anything. we have a government that's totally divorced terre from the people. president trump is restoring accountability to agencies like mine. >> they have a critical mission to protect new growth and start-ups in the tech industry and he plans to hold america's largest tech companies accountable. >> one of the big monopol

posted a new executive order to expand his control over the alphabet agencies like the sec, the fcc, ftc many others. that that includes executive orders to purge if all manner of dei from government rolls. so elon and his young team are going to be very formidable enforcers of trump policies. for the life of me, i don't know why republican budget committees in in the the house and the senate don't just score $2 trillion of doge-related savings over the next so -- 10 years. as senator clay -- crapo has a reminded us many times, the whole budget reconciliation process legally includes a position that the budget committees create their own baselines. they are not beholden to the congressional budget office. in fact, the cbo has to conform to the budget committees, not the other way around. and in this important way, extending the trump tax cuts should be a neutral endeavor. essentially, cost-free as permanent policy. and anyway, those tax cuts raised a ton of revenues over their 7-year life, which brings me to another wonderful comet. -- development. though he didn't mention it last night

>> well, i think the former head of the ftc did a great job and if vance wants to work with us, he's right. you have right now not only more income and wealth inequality in this country than ever before, more concentration of ownership in the tech industry and in other industries. do i think we should start breaking up some of these large corporations? absolutely i do. we'll be happy to work with them if they're serious about that. >> senator bernie sanders, independent from vermont, thank you for joining us. we'll be right back. [ car engine revving ] can neuriva support your brain health? mary. janet. hey! eddie. no! fraser. frank. frank. fred. how are you? support up to seven brain health indicators, including memory. when you need to remember, remember neuriva. to my son, i've never been the cool dad. i always wanted to know what he's up to online. but with tiktok's privacy settings being on by default for teens under 16, accounts are set to private. he cannot send or receive dm's, and only his friends can comment. so he can post away, and i've got one less thing, to worry about.

the ftc says that scammers have been impersonating toll collecting agencies nationwide. the phone numbers are usually money. so the department of transportation is telling people just to delete the messages without replying. coca-cola jumping into prebiotics with a new drink that's being touted as good for your health. it's called simply pop. expected to roll out later this month. the drink is going to come in five flavors and will have vitamins to support gut health. simply pop is going to be a rival to the popular poppy and olipop brands. just ahead here at noon on cbs news bay area, a growing number of black americans are getting involved in napa's wine industry. we'll introduce you to one of its rising stars. my moderate to severe crohn's symptoms kept me out of the picture. with skyrizi, feel symptom relief at 4 weeks. many people were in remission at 12 weeks, at 1 year, and even at 3 years. don't use if allergic. serious allergic reactions, increased infections, or lower ability to fight them may occur. before treatment, get checked for infections and tb. tell you

she's the former ftc chair. now, though, traders are betting that mergers are back and goldman will have a huge spike in business. meanwhile, with less regulation under trump, we're also likely to get more ipos. that's also great for goldman, but the stock trades at a meager 14 times earnings. that's ridiculously low, given that this company is about to have its strongest moment in years. it's why we have been buying it aggressively for the trust, which you can follow by becoming a member of the cnbc investing club. the fact is, it's been ages since people thought of goldman or jp morgan as growth stocks. the biden administration was not exactly a friend of the financial industry. for better or worse, they no longer have to worry incessantly about the sec or the ftc or the justice department. those days are now over, and you can see it from the strength in their stocks. that's what's propelling it. fifth is amgen. and this this one has so many blockbuster drugs. i think it's absurd that the stock once again sell

joining us to discuss this morning, mozell thompson, former ftc commissioner. to have you on the show again. good to see you. >> good morning, carl. >> we had some discussion about this this morning with cramer about, i mean, is this a bit of pulling the rug under those who thought this would be a new era of m&a? >> well, look. >> i think the market. >> anticipated more merger activity. but and there's still a lot of activity and people researching. >> mergers and. >> the lawyers are. >> busy and other things. >> but not you haven't seen a lot of deals yet. and i think because there's still uncertainty out there. and i think part of what they did with the merger guidelines is and it was a very. strong emphasis in the statements of the antitrust enforcers, is they were going to keep the merger guidelines because they wanted to create uncertainty and eliminate uncertainty, to have some stability. i think that's important. now the question becomes how do they interpret the new guidelines? you know, the these merger guidelines broaden the kinds of things that are b

now, since 1935, you know, there's a view that the ftc and the other ones that you rattled off have a certain measure of independence that the president can't touch. there's a reasonable legal disagreement about whether or not the supreme court case that established that in 1935, humphrey's executor is still good law, and the supreme court has cast significant doubt about that as recently as 2020, when it took on the. consumer financial. bureau. >> protection bureau. >> or protection bureau. and and it is now clear the acting solicitor general has said that the united states government, the justice department, will no longer defend the constitutionality of humphrey's executor. >> so to to match here, it's happening. >> i understand that narrow legal response to the question of does the president get to say what the law is in the executive branch of government? but we're in the united states of america, and since we're talking about history, we had a revolution. the reason we had a revolution was because we did not want a king. and so if anybody in america is confused, we don't do king

they despise the needlessly adversarial nature of both justice and the ftc under biden. they've got me convinced that they're right. absolutely. five they all want to know about nvidia. they're shocked at how this company came from nowhere. now jensen huang became king. i always say the same thing. he didn't come out of nowhere. he's been laboring for years and years and years. it's just now paying off. they were shocked at how the media portrayed the chinese as being well ahead of nvidia, even though meta, amazon, tesla, and alphabet keep ordering billions of billions of dollars worth of nvidia technology. do you think that these titans didn't know about deep tech and they bought anyway? give me a break. that was their only conclusion. now. they are. it's just funny the way things go. they talked about nvidia the dog. my dog. that's because they're in awe of jensen. they regard him as the classic american success story and they're cheering for him. they all wish they bought the stock. six. they think ai is real, but they really haven't figured out how to use it to save

and over at the ftc, chair andrew ferguson posted on social media earlier today that the 2023 merger guidelines will serve as the framework for our agency's merger review analysis. now, the trump doj has already signaled a continuing skepticism of big mergers with its suit in late january to block hpe's proposed $14 billion acquisition of juniper networks. that decision, now viewed as something of a bellwether for the trump era approach to m&a. the question is why is that? and the answer is conservative. populists in the trump administration largely agree with the biden consensus that big corporate mergers can kill american jobs, and they're more skeptical of corporate elites than traditional republicans. so if you thought that trump two meant, you know, this huge m&a boom, dial those expectations back significantly. what they're signaling here at both the doj and ftc is that they are going to enforce antitrust on these big mergers, and they're going to look skeptically at any big merger that hurts american jobs. >> scott certainly goes against much of the narrative that was there si

after serving as assistant director to the bureau of competition at the ftc, he practiced law as a partner and founded a pro bono foundation, a public interest organization that continues to provide pro bono legal services to social entrepreneurs around the world. he lives in washington, d.c. and is here to present for us today. will you welcome mr. roll. [applause] david: thank you. great to be here. i think this is the third time i have been here. i always love to walk around this place. so inspiring. historians have said and say that harry truman was an accidental president. i made that mistake. but roosevelt's death was no accident. it was expected. it was expected. his own doctors told him he would not survive a fourth term, but he ran and won anyway. harry truman knew that physically roosevelt had gone to pieces. he said so to a friend. it was an open secret in washington that fdr could die at any time. truman used to 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 house. so all in all, this meant roosev

respect to title i depending on the administration and whether title wanner title ii regulated words the ftcthat regulates it so complicates things all over. having a good regulatory framework that simplifies things especially big boys can adjust quickly because they have the funding. small businesses that had to change their products, i will just taken note i was on the panel, not a panel. a roundtable at the world bank talking about privacy and ai a couple of months ago and i'm not going to say which agency but bg about the contradictions that exist between ddpr and the ui i which a couple of months ago and think about it ddpr created a lot of regulations for small businesses in europe and large businesses put small businesses is sometimes cost prohibitive to change your products to a adjusted up but it's a cross-border so what impact small businesses anywhere in the world. we had to consider the economic impact as well on the the regulatory framework so that's kind of what i mean by that. and that's very interesting in that something for us to consider to consider to have conversations. w

ftc, fec and cftc, cfpb.yron, hang in there with me, ferc, fd ic, the federal reserve and even more. alphabet going for them and going for them to have control over them. mr. trump wants to exercise his presidential executive power and exert control over them and run them through omb and >> it's about 100 years overdue and go back for history and wood row wilson and fdr and congresses decided to create a new kind of regulatory body that wasn't under control direct of executive bran and have reports to congress and yet those executive functions and these things have spiraled. i did a count, there's more than 100 of them these days and all the alphabets and you just mentioned and yet, this is a step towards remedying the constitutional problem. larry: we thought about doing it and didn't have enough time. disempowering the regular tafanely lori agencies and byron, the president has the right it seems to me to ask the regulatory agencies who he appointments to follow his policies. going for them. going for them

the head of ftc came out saying we're not changing guidance of antitrust and rules of the road and how biden admin vagues has and i suggests everybody read that and throttle and kill any deal. showing minor sort of antitrust concerns and you might limit peak spl cigs and mays and mights. does that mean deals will get cancelled like during the biden year s? based on my sources, that do deals, these are bankers and lawyers and spoke to them today. they say no. these trump administration will keep the guidance of biden is gives them power to throttle any deal they want much the deals they'll focus on mainly is not like two small companies merging, which got up ended under biden as you know just because they took such an expansionive view and it'll be tech. they don't want google, apple, amazon and others getting bigger. you see the tech guys kissing trump's ring is because they know that . their ability to grow is going to be scrutinized like crazy and they're keeping this stuff in place. i go back and read it and it's fascinating and kill the deal with minor antitrust concerns. liz: what

think, sorry, the argument is similar to what happened with staff accounting guidance issued by the ftc a few years ago. this was a staff level guidance document not voted on by the commission that provided guidance to companies and how you account for them. it was controversial at the time. it was members@gao, isn't this a rule, it wasn't at the commission level. commissioners never voted on it. it was the office of chief accountant that said it is a rule, should have been submitted and the gao letter was put in the congressional record at the time period started. it was -- biden vetoed it. the theory would be will the kelly loeffler -- will be trump administration go back and look at things they would look at now and say we believe those are rules because the cra is not limited, rulemaking is very broad. >> if we are getting into the weeds here, svetlana gans, the parliamentarian office laid out the practical roadmap. you have a rule or regulation you are looking for the date it was submitted, that's the text to start the procedure, the date that is used for the fast track. you say wh

retire some debt and bring the alphabet, sec, ftc, fcc, cfpb, i can't even remember them here to corralm. they are part of the executive branch. this is presidential executive authority. they need to toe the line. by the way, they are all too fat and sassy and need to be downsized also. this is something that hasn't been down, i don't know, maybe 100 years. not even i was around for the last time this happened. >> sandra: stop it! larry, always a pleasure. that is very interesting. you are not open to the effect of paying down market that might bring inflation down and actually put more -- i'm just challenging. >> by the way, this is a wonderful thing so let me get this right, sandra. if the government spend your money, but it's okay. but if you keep your money, is not okay? is that what i'm hearing? >> sandra: no, no absolutely not. you know me, come on, that is not what i said. pay down the debt, which in turn would eventually bring down prices. >> i would actually cut taxes first and produce goods on the supply side of the economy and bring prices down that way. but i will go debt to

the ftc is telling the public to not respond to these texts or clicks any links they may have.vice president j.d. vance making first international trip since taking office. he is set ai action sum mid where he will receive -- deliver rather a keynote speech and later this week the vice president will head east to germany for the munich security conference where he is expected to meet with ukrainian president volodymyr zelenskyy. he has got a big week ahead of him. it's only monday, guys. kicking it off right now. >> lawrence: pretty cool seeing a young family, too in politics right now. he always has them with him. his dog, but, getting to work saying that you can do both. can you work for the country as well as have a productive family as well. i know that was a signature issue as well talking to the voters about life and what that means. >> steve: powerful see them take the long staircase, the last president had pretty much a footstool. >> lawrence: even with a child in his door. >> lawrence: democrats laying out the plan president's agenda how he will bring the countryvo bac

, including the federal election commission, the fcc and securities and exchange commission and the ftcl trade commission, these agencies must submit major regulations for review before putting them in the federal register. the wall street journal noting the federal reserve's handling of interest rate policy will be exempt from the order but ill will call for oversight of the fed's other responsibilities including regulating and supervising banks. greg, we all know how president trump feels about deregulation and putting new rules and regulations in place and he is playing this out with this new executive order. your reaction? >> sure, no, i read the executive order. you know, i was obviously happy to and not surprised that he carved out with regard to the fed the notion of monetary policy but if you read the executive order, it is certainly in my opinion within the spirit of what this president is trying to do, what he's been elected to do. he references the constitution, the executive branch, and he is the head of the executive branch. so even independent agencies over time which we k

and in 2021 amazon paid more than 60 million dollars to resolve a similar complaint from the ftc.ad here at 4, we're just 2 days away. >> 2 days away from super bowl. 59. after the break, we'll go live to new orleans to hear how player safety remains a top priority. bird flu has been found in cat that lives on the peninsula. family took after the break. >> we'll speak with folks from the humane society. 4 news at the humane society. 4 news at 4. we'll be right back. upset stomach iberogast indigestion iberogast bloating iberogast thanks to a unique combination of herbs, iberogast helps relieve six digestive symptoms to help you feel better. six digestive symptoms. the power of nature. iberogast. for all those making it big out there... the power of nature. ...shouldn't your mobile service be able to keep up with you? get wifi speeds up to a gig at home and on the go. introducing powerboost, only from xfinity mobile. now that's big. xfinity internet customers, cut your mobile bill in half vs. t-mobile, verizon, and at&t for your first year. plus, ask how to get the new samsung gala

ftc chairman andrew ferguson has called for an investigation into whether tech companies stifled rights work together to pull spending from certain sites, such as x. the agency has opened a public comment window that runs until may 21st. >> well, coming up, a scam warning in solano county, the group that's going door to door trying to enter people's homes. >> also, bay area school closures continuing. the district in sonoma county forced to cut some campuses as budget issues remain a big problem. >> and spring like weather across the bay area today. meteorologist roberto gonzalez will have your complete bay area with fatigue and light-headedness, i knew something was wrong. then i saw my doctor and found out i have afib, and that means there's about a 5 times greater risk of stroke. symptoms like irregular heartbeat, heart racing, chest pain, shortness of breath, fatigue, or light-headedness, can come and go. but if you have afib, the risk of stroke is always there. if you have one or more symptoms, get checked out. making that appointment can help you get ahead of stroke risk. this is

best environment for mid cap because we're going to have an m&a environment, a friendlier face at the ftcrles: right. >> and so where you get the acquisition candidates. you don't get them from the top of the market, you get it from mid caps and small caps -- charles: and they've already been a big stealth winner this year. large caps and and small caps, i wasn't jan in the brady bunch, but who was in the middle got ignored. [laughter] thank you very much. >>> coming up, cracking down on waste, fraud and abuse inside the government. my take on bureaucrats and their entities lining their pockets at your expense. and look at that power panel. it's going to be a heck of a segment right after this. ♪ hello, hello. ♪ i'm at a place called vertigo. ♪ you it would me things i wish i didn't know ♪ ♪ (vo) weight loss. for so long, i felt stuck. i tried, and tried again. lost weight, gained it back. but zepbound means change. zepbound is for adults with obesity, to help lose weight and keep it off. activating 2 naturally occurring hormone receptors in my body, zepbound works differently. it's chang

and the ftc should not. stand in the way of that. >> so what what would be appropriate now?dmit, you know. >> we look. >> at it through. >> our lens, and our lens is an organic growth lens because we've already said that we expect fiscal 26 and 27 to have huge sequential growth and set new records, and that's what we're focused on. >> but if. >> you look at our history, you know, our story. >> really has been. >> organic growth since the beginning, with a few meaningful acquisitions along the way. and the lens, our lens, as i said, is to create strategically. >> beneficial. >> accretive transactions. and believe it or not, many people don't think about accretion. >> we do. >> well, let's go back to grand theft auto. i mean, grand theft auto five is the largest the biggest title of all time. grand theft auto six is expected to be the largest to take over from from from five for that. what do you all put into it? what does it mean? what do you do to get ready for this? >> well. >> what. >> rockstar games puts into all of their titles is a desire for creative perfection, which

i was curious in terms of the independent agencies, the ftc, the epa or so, which the president has has a little direct control over and talked about talked about how presidents can influence those agencies, even if they don't directly control those. yeah, it's a good question. when i worked during the bush white house, sometimes we would have frustration with these independent regulatory bodies that didn't necessarily do what we wanted. and there was a limit to how much we could contact with them. at the same time, the president does get to the chairperson and the majority on those agencies and there are a lot of conversations in the white house before those people are selected to make sure that the people will be in line with what the president wants to accomplish doesn't mean they always stay on the same page. that mean that you don't have these people sometimes go rogue, but for the most part it's done the front end. you pick people who you think will be sympathetic to what the administration is trying to accomplish. and then because of the rules about independent agencies, you have

eamon javers was reporting on this, that some of the ftc or doj investigations into big tech are going they were in the biden administration. some of those started during the first trump administration. so i just you know, if there's a headline that comes out that there's no strategic reserve that's going to be on the treasury's balance sheet, or maybe nothing really materializes on that front. i think that number that steve talked about down there at 62,000, that's achievable again, on the downside. >> all right. there we go. so there's still a lot more to come on fast money. here's what's still ahead on the show. >> loving on lily shares quietly putting together a strong start to the year. can those gains continue, and how the company's weight loss drugs are helping tip the scales. plus ai capabilities, but for less. the latest iphone is powerful enough to run apple intelligence, but maybe won't be such a drain on your wallet. will it be enough to drive sales? you're watching fast money live from the nasdaq market site in times square. we're back right after this. >> this is the emir

that's a little bit different than usaid or or the fcc or the ftc. they're all they're all bad in their own way. the way that trump is dealing with them. but the apparatus of government in which it enforces, you know, laws and crimes, is, is a little bit more worrisome. >> no, absolutely. >> and there's a domestic and. >> a geopolitical dimension to this, because what. >> we're seeing is a rolling back, as jen said, of anything that has to do with. >> ethical standards, objective of fact. >> gathering, intelligence gathering. >> replaced by. >> fanaticism in. >> the case of patel, by. >> you know, the. >> principle of loyalty. >> and in. >> fact, the. >> fbi had to. dismantle its, you know, foreign. influence tax force. and there's a lot of. dismantling of agencies. and task forces that. >> make that. >> prevent a. >> bad foreign. >> actors. including from autocracies. we know russian influence is a huge problem from. getting more sway here. so there's that part. >> going on. >> and that's already very serious for our national security. >> but then p

embrace of tech, and we saw sort of a back ped ago -- pedal aing during the biden era when you had an ftcpy with crypto or tech in general. and now you have trump who, you know, he has his own meme coin. he is crypto-friendly, business and growth-friendly, and you're seeing tech sort of fall in line behind that. even the elons of the world who, i have to say fact check wise, has never a started a company. he comes in later and becomes a founder. but certainly, that's a guy who has a lot of jobs, and the white house is now one of them. charles: mark andreessen just hired daniel penny, a couple months after he was acquitted of murder charges in the death can of jordan neely. and i thought back to this cover 29 years ago this month, i remembered it and i don't know why other people didn't, he had no shoes, right? it felt like an anti-establishment statement right then and there. should we be, you know, surprised that he gave daniel penny a job? >> you know, the interesting thing, right, with that hire is that even an degreeson -- andreessen, horowitz said in that press release, hey, he doesn

these are agencies like the sec, the fcc, the ftc, alphabet soup, but independent, all focused on protecting consumers tasked with things like regulating wall street, regulating communications, radio, tv, cable, also tasked with protecting consumers. the white house now wants to require these agencies to submit proposed regulation changes for white house review first, to make sure it's all in line with the president's policies and priorities. cnn's alayna treene has more from the white house for us. what is the latest right now on how they see this rolling out? now? >> well, kate, i mean, just to also give the big picture here with this sweeping executive order that we saw the president sign yesterday. i mean, this is just the latest example, really, of both president donald trump himself, but also many of his close allies within the white house and the trump administration more broadly, to try and centralize the power of the white house and really push the boundaries for the power of the executive branch. this has long been a goal not only of the presidents. we saw him do this during his fi

we heard conversations yesterday the ftc will take it slowly as it things about where it wants to bedministration and accepting m&a. it is simply a better environment for smaller companies are m&a. if you have a better head of the ftc and a friendlier environment towards you making, you go lower cap and mid-cap. that tends to do well. that is where you get the animal spirits issue and the dealmaking and earnings coming in strong. you can still have a fine year. almost more like the textbook equities up 7% to 10% a year. we think it is that kind of year. you need the earnings to move the market from here at 22 times forward earnings. annmarie: you say it's about inflation risk versus growth upside. at what point does the market need to see that growth upside? you think tcja extension will be drawn out and noisy. it could be a next year story. alicia: that is why it's a frustrating market. the relief come on the fiscal side and finding the pay fors to drive this forward. we have the conversations about the tariffs at the other policies. the conversation is about inflation risk versus g

i've heard that the ftc has not really been touched just yet, but it does feel as if this is continuingxpand as days go on. >> mckenna kelley, again, my hat off to you and the other fearless reporters at wired, your editors. you guys are really just keeping us informed, but we're simultaneously terrified because i don't trust musk and his doge bros to not continue what you say, which is such an accurate way of describing it. the blast radius continues to expand from the damage that's been done, and i'm fearing that they're not honest about the damage and the access that they've had. wow, mckenna, thank you so much for being here, i appreciate it. coming up next. tell it to the church how the proud boys lost their trademark to a historic black church in washington, dc. pastor reverend william lamar, the fourth on how a slogan once used for hate can actually help inspire us for what we're going inspire us for what we're going to do next. when caroline has a cough, she takes robitussin. so she can have those one-on-ones again. hey, jim... can we talk about casual fridays? for sure. what's

in addition, the ftc is focused on, um, what businesses are doing, and sometimes that overlaps with how a consumer is impacted. and then we figure out among the agencies who will prosecute that case. i think the other agency that we are allegedly duplicative of is the sec. i did securities fraud litigation for nearly seven years. it's not the same. you're protecting investors when the stock price is impacted. the cfpb is the only agency that is on the consumer's side 100% of the time. that's that's our marching orders and that's our mission. really, the only thing that we overlap in is the ability to regulate some of the very entities that elon musk controls. >> so so there would be potentially exposure for consumers. could you address the the argument that eliminating it would alleviate some of the budget issues that we're facing as a country? the national debt. >> yeah. so i'm not a complete expert on exactly how the budgetary process works. but what i do know is that the cfpb is not funded through the typical congressional appropriation process. we're funded through the fed. um, ther

, fdic, the ftc. characterize it, nobody is out there looking for consumers, i think is inaccurate, and we ought not to try and scare consumers right now that somehow this is the case. because if you do have an issue, if you're a consumer, please reach out to your state department of banking because those folks are going to look out for you. i can tell you that because i used to have one of those department of banking, and they did a fantastic job of looking out for the consumers. one of the things that has also impacted consumers is inflation. prices under the biden inflation were up 20%. an average household is paying $13,000 more today than they were for the same standard of living they had before joe biden got elected. we see that grocery prices, for example, are up 22%, rents up 23%. simply put, nebraskans are economically worse off today than they were four years ago, and i expect that that's part of the reason why we saw this change in the administration. they thought that that was not somethin

we don't know what the new administration and the new administration's, you know, ftc and doj are going to do with big tech. so that continues to be an overhang. but sarah, i just wanted to mention as you're talking about some of these moonshot projects, i can't believe we haven't mentioned waymo. talk about adoption. this will be really interesting. it's just been growing at a remarkable pace. my personal hope is that they give us some more details around the finances, because that could be really interesting and could move the needle, even though it's, you know, been relatively small. >> yeah. good point. all right. we'll look for all of that. guys. thank you for the pregame on alphabet. deirdre and alex stay with us if you would to talk about the markets though we are getting some breaking news out of washington. first let's get over to megan costello for that. megan. >> sara. president trump. >> is once again speaking with reporters in the oval office right now. we are once again waiting on tape, but we are starting to see some headlines flash from the wires that i wanted to bring y

i think ftc, you know, becoming more business friendly is great, although i don't necessarily think bigers are necessarily the answer. the biggest one we've recently had, abbvie and allergan and of course bristol and celgene. and while for bristol and celgene you've got a lot of free cash flows. you still have a lot of issues that bristol is working through now from it. so i don't know if that's the answer. you want to buy a lot of these 10 to $15 billion companies that have great assets to mosaic out of pipeline, but you got to be smart about it. otherwise you become like a pfizer. >> or maybe even cross border m&a. i think that might be an interesting theme. it's not just the russell 2000, but it's also europe. and you know, the a bunch of really cheap stocks in other regions of the world. >> right? right. >> tim. evan. hey, i want to go back to mark, because i know we've just talked about the keytruda gardasil dynamic here, but it just seems to me look at pfizer. look how this has been. dead money. look how it's dead in the water. it fell off a cliff. and it seems to me that the anal

but i think that under biden, lina khan and the ftc and i'm not the first person to say this on yourah, yeah, yeah. only just created a climate where all m&a was just chill. >> i'm sorry the president took your time, but you're going to be very used to that. i understand it bradley tusk, understand it bradley tusk, thanks so much. we'll continue at&t has a new guarantee. because most things in business are not guaranteed. like a distraction-free work environment. -yeah,i'll circle back around. -get those steps in, kevin. your coworkers keeping things confidential. [phone ringing] oh, she's spilling all the tea. ♪♪ or office etiquette. yeah, that's not guaranteed. i know you can see me! you know what at&t guarantees? connectivity you depend on, the deals you want, and the service you deserve. can i get that logo bigger? or we'll make it right. that's the at&t guarantee. >> individually each. >> of. >> us is great. but from here you can see we're one big team. at atlassian, we believe real progress takes all of us working together on new sources of energy. cars that drive to the future

there's the ftc. there's a whole host of other ones. and so if you really kind of trying to centralize that sort of regulatory scrutiny under the executive branch, that's not really how it's meant to be, right? you're going to have legislative oversight. and, you know, i'll just say this. and, you know, i keep thinking about this. there is now more than ever a single point of failure as it relates to our government. and it centers around the executive branch. right. if you don't have checks and balances, if you don't have this system that we've created to kind of make sure like the cfpb, that's a great example. this was created in the wake of the financial crisis to look after consumers interests as it relates to financial services. company dismantled okay. >> but hold on i'm going to not fight you on this. but here's the thing. one could say maybe we don't need the cfpb. maybe we have too many agencies. if you compare how many agencies we have to, let's say our european counterparts, there's a lot more. however, what they're not doing

depending it is either the ftc that regulates it, so it complicates things all over.g a good regulatory framework that simplifies things, especially, you know, big boys can adjust quickly because they have the funding, but small businesses that have to change their products, right, i was at a world bank -- i will just take a note. i know i am optimizing your panel -- i am taking your panel. a couple of months ago, unlike going to say which agency, but this person was combining about the contradictions that exist between gdp are and the act. it just went live a couple of months account. you know, think about it. gdp are already created regulations for small businesses in europe and large businesses. sometimes it is cost prohibitive to change their products to adjust to that. but the act is cross-border. it would impact small businesses anywhere in the world. and so, you know, we have to consider the economic impact as well on the regulatory framework. that is kind of what i mean by that. ms. sader: that is interesting. that is something for us to consider and have conv

unfortunately congress allowed the ftc auction authority to lapse nearly two years ago. we saw, the department of defense, our military, they need to defend the nation. with nearly two years of this lapsing authority, we need to work out these differences. there has been a history of using this funding for public safety, for national security. that is communications related. whether it is first met, replace broadband, and the new infrastructure law. rural places like my district have ranches and farms and groves. using this funding in a related way for telecommunications not only makes sense, but is the just thing to do. communications will only require more investment as technology and competition advance especially making our telecom system more resilient to cybersecurity hacks like consultant typhoon, that has been mentioned a bunch of times here. we need to make sure we are reinvesting in the telecom system, not seeing tax cuts for billionaires that will siphon this off. most american small businesses will suffer. identity theft, ransomware, spying, if we don't conti

let me ask you this in 2019, facebook was fined by the ftc, $5 billion. they are absolutely terrified of a parent coming into court and getting in front of as jour jury and holding them accountable. that's why it is high time and past time that this congress gave parents the ability to do that. i will say patrol three millionth time, until congress give parents the ability to sue, nothing will change. these companies don't care about fines and regulations. the companies sit here and offer to write regulations. we promise to comply. we'll write them and we'll comply. they won't comply and they buy off the regulators. what they fear are juries. this is what senator durbin has done with his bill that we worked together to give parents the right to get into court and have their day in court is vital. i am proud to be working with him on this. it passed unanimously in this committee last year when he was the chairman. we'll make it stronger this year. i will say again, there is nothing more important than this congress can do than to stop this than to give par

yet the ftc spectrum authority expired in march of 2023 as we all know for the first time in nearly 30ears. i am concerned about the lapse in a spectrum authority with the increasing needs for emergency authority. an estimated 240 million calls are made to 911 centers annually. however critical public service relies on outdated technology. i've led legislation to modernize 911 systems to help enable 911 call centers to better handle text messages, picture videos, and modern communication. doctor bayless can you give an example and innovation that could help make 911 system stronger and more resilient? >> it depends on what types of interference or the 911 systems are receiving. but, innovation we are fighting in our lab that could really be helpful, there are two of them but one is a reconfigurable circuitry under a millisecond. that would allow us to change frequencies and optimize our performance under new frequency. what happens as a circuit is designed to operate the old frequency or change frequencies you may drain your battery because you do not have any efficiency you may not ge