gannett sales are down around 10% over past year.n 1 is 70 newspapers -- 170 newspapers over the past four years. now, google says that, of course, gannett 's claims are wrong here, and publishers have many options to choose from when it comes to using advertising technology in order to monetize. sure, there are options out there, but, you know, the majority of big advertisers and web sites, they use google's ad tech to buy and and sell ads. and if that's why the e.u., the european union, i sued earlier the month threatening a break-up of google and also a fine of 10% to their global $280 billion in sales each year. doj also sued earlier this year joining 17 states that have already sued led by texas. so it seems like a lot of people say that google has too much control when it comes to online advertising. gannett's stock down 70% the past four years, and you know google makes $60 billion in profit each and every year. $60 billion. 80% of that coming from online ads. google's stock, which stu varney has recently bought into, up almos

geoff: the newsguild, which represents about 1000 gannett staffers, they sent a letter to gannett shareholdersast month urging a no-confidence vote against mike reed, the company's chief executive and chairman. what are the eloyees demanding exactly? steven: well, they want new leadership that would be more likely to invest in newsrooms. they want a strategy and leadership that will reverse the downward trend and reverse the trend of trying to get to financial stability by eliminating reporting jobs. there are gannett papers now that are daily newspapers that have no reporters on them, which is a pretty astonishing thought, a daily newspaper without any reporters. so it's really gotten that bad, where the basic information that americans need in their communities is in many communities very hard to come by. geoff: when we talk about the collapse of local news, a report last year from medill's local news initiative found that, since the year 2005, the u.s. has lost more than a quarter of its newspapers, and is on track to lose a third by the year 2025. what's lost when we lose local news outlet

geoff: the news guild, which represents 1000 gannett stafrs, they wrecked they sent a letter to gannetters urging a no-confidence vote against mike reeve, the company's's chief executive and chairman. what are the employees demanding? steven: they want new leadership that would be more likely to invest in and reverse the trend of financial stability by eliminating reporting jobs. there are gannett papers that are daily newspapers that have no reporters in them. which is a pretty astonishing thought. a daily newspaper without any reporters. it has really gotten that bad where the basic information that americans need in their communities is in many communities, hard to come by. geoff: when we talk about the collapse of local news, a report last year found since the year 2005, the u.s. has lost more than a quarter of its newspapers and is on track to lose one third by the year 2025. what is lost when we lose local news outlets? steven: we are losing two newspapers a week in this country. that almost understates the problem. in addition to the newspapers going out of business, the ones tha

workers are demanding shareholders to take a vote of no-confidence against mike reed, gannett's chief executive, and allow for new leadership. an amazon on friday abruptly fired union organizer jennifer bates, who's been a leading spokesperson of the unionization campaign by warehouse workers in bessemer, alabama. bates often spoke out against amazon's workplace safety issues and its attacks on unit efforts, including in congress and on democracy now! in 2021. >> the reason why we are organizing is because we need an even playing field. some of the conditions are being ignored by human resources, long work hours with only two breaks, long walks upstairs and downstairs. we want to be heard. we want to be treated like people and not be ignored when we have issues. people are being fired without having opportunity to speak their side. amy: and those are some of the headlines. this is democracy now!, democracynow.org, the war and peace report. next up, president biden signs a bipartisan bill to suspend the debt ceiling to avert an historic default, calling it a big but many progressives d

any workers from about two dozen gannett newsrooms are walking off the job as they demand changes in organization's leadership unit. representatives say that members sent a letter to gannett shareholders last month urging a vote of no confidence in the ceo mike reed. the walkout coincides with today's annual company shareholder meeting. the national transport safety board is working to learn why a corporate pilot did not respond to military jets trying to divert him from the area around the us capitol in white house. as lauren blanchard tells us, the fighter planes were flying so quickly to divert that private jet, they caused a sonic boom that was heard across the nation's capital. federal investigators tasked with probing sunday's plane crash, killing all four on board. still haven't identified the cause, but in a statement, the national transportation safety board said they will begin the process of documenting the scene and examining the aircraft monday morning. that plane hit going awfully fast. so, i mean, there's not going to be a lot of debris out there that you're going to b

gannett which owns more than 200 publications including "usa today" claims the tech giant holds a monopolyline ad market. the suit was filed in new york and seeks unspecified damages. according to e-marketer google controls about a quarter of america's digital ad market. >>> the number of single-family homes being built in this country surged in may by the most in about three decades. permits for future construction also climbed. some economists say the housing market may be slowly bouncing back after being slammed by repeated interest rate hikes from the federal reserve. >>> and this is for the next time you're craving some pizza in the park. domino's is now delivering food anywhere, meaning you don't need a specific address to order. instead, customers can use what's called pinpoint delivery just by picking a spot on the map. the pizza chain says this is ideal for the start of summer when people spend more time outdoors at beaches and public parks. >>> that's your cbs "money watch" report for this wednesday morning. i'm shanelle kaul, cbs news, new york. >>> up next, a game show contesta

geoff: journalists at newspapers owned by gannett walk off the job to protest the media company's payng conditions. amna: and a small town in texas finds itself embroiled in controversy as national politics fuels local pushback against lgbtq rights. >> literally just children doing crafts and art and having fun and existing, and they still show up to protest just their existence and them gathering. ♪

and there was also a big lawsuit just filed by gannett alleging that google has anticompetitive practicesregulatory crackdown and lawsuit from gannett mean for you >> yeah, so, of course there is always lots of people looking in at privacy and making sure everybody is doing the right thing. we're very excited about the opportunity that creates for us to do the right thing for advertisers, brands and for publishers but separate from privacy concerns, which have often been something that google is under a lot of scrutiny for and lost lawsuits over, but there are also antitrust lawsuits from european commission, from the department of justice, from the texas attorney general, and then yesterday a lawsuit filed by gannett. i think this is really significant. while they don't necessarily have the same leverage against google, the department of justice, the european commission has, i do think somebody who is financially dependent on google filing a lawsuit, despite their financial dependence, saying their practices are not fair, speaks to the government's case against google and i think it show

across the united states are planning to walk off the jobs next week at two dozen newsrooms run by gannettp and cost cutting measures. >>> and five below lowers the full y full year outlook. the retailer says it remains focused on playing defense to drive increase in market share >>> meta will require employees to return to the office three days a week starting in september. meta began notifying the employees yesterday of the policy of the new hybrid work model. i would say it is not as bad as you fear go back. you can get face time with the boss >>> let's gear up for the trading day ahead. investors wait for the jobs report we get data on non-farm payroll. average hourly earnings and labor participation and unemployment rate. we get the bank balance sheets after the close at 4:15 p.m. a final check on the markets ahead of the jobs report and futures are green across the board. the dow jones industrial average and s&p 500 and nasdaq all in the green and indicated to open higher on the day. joining me is simeo hyman. do you think that is relief over the debt ceiling deal or optimism the fed

if you read the national media the new yorkall times wannabe and gannett papers, like media, you will get a steady dietet that those of us who are involved in election integrity that have named us, they've given us a new name. we are election deniers. [laughter] we're election deniers. that's e a term that they have just thrown out, and that's what they call us. i have never once denied that there was an election in 2020. [laughter] i know there was an election in to -- 2020. i spent a good bit of time in georgia studying and working on what had happened in the election ofle 2020. here's what i know, there was an election. i don't deny that. it was not a lawfully-conducted election. and and that is true in state after state after state. i know because of the work that i did ase one of president trump's volunteer attorneys in the post-election in georgia that there are more, there were more votes cast in violation of georgia law and counted and included in the certified total than the margin of difference between president trump and joe biden. and that's because with election officials

his leadership union representatives say that members send a letter to gannett shareholders last monthreed. the walkout coincides with today's annual company shareholder meeting. the eastern canadian province of nova scotia is already reporting its worst wildfire season ever, an area almost as big as the entire city of santa rosa has burned so far this season. it's the largest wildfire in nova, nova scotia history and has forced thousands of people from their homes. the recent weather, though, is helping. this rain has assisted our firefighters in the field and we're glad to have it. the relief could be short lived, though. high temperatures and winds are expected to return in the next few days. the government has sent in canadian soldiers to help fire crews. they joined crews from the us that are heading to eastern canada to try and get the fire under control. morale is really, really high because they're seeing the fruits of their labor and everybody's kind of on cloud nine right now. the biggest issue now is whether high temperatures will continue to dry out forest areas that back u

. >> hey, kelly, i just got off the phone with macy's ceo jeff gannett, he said they're taking down theuse of what they saw in late march. they saw a weakening of sales trends across the board, but especially in the discretionary categories like clothing so, macy's beat on -- it beat on earnings, but it put up a disappointing result on revenue. for eps, it reported 56 cents adjusted versus 45 cents expected and revenue, it missed, it reported $4.98 billion versus $5.04 billion expected but, again, what he was saying is that they're really seeing macro pressure here. we heard from some retailers over the past few weeks they attribute some of that to colder weather in the early spring. and he did mention that they're seeing some signs of life, he called it, in may, as people are buying more spring categories like sun dresses and things like that but overall, they're taking a cautious forecast and cutting that forecast because they're nervous about what may come in the years -- in the year ahead and they really think the macro pressures will continue, kelly. >> i mean, listen, this, to me,

cohen: i presume your heard about it they are gannett newspapers ran a section on summer travel, one highlight was on rail. it talked about the routes. but there were two criticisms. one was you have to wait, just get used to it. the other was dining. you know i've been concerned about the dining experience, which i experienced as a child. i think that's part of the romance of train travel. what is going to be done with the amtrak food and beverage group report on improving dining, making it more available, which enhances the consumer's enjoyment of the amtrak experience? mr. gardner: thank yous for that question. we have work hard to restore traditional dining and had great results as a result of that on our western trains. we're bringing traditional dining back to our service service in the east. we are looking at the -- as i mentioned, we've got the food and beverage recommendations here recently. we're working on going through those. amtrak was part of that. it's a big group of folks from the culinary world from our riders, our labor partners, coming together to give us great rec

joe, back to you >> thanks, julia >>> back here, gannett says it's filing a civil action against googleit says are anti-competitive practices related to advertising the complaint was filed in the southern district of new york. >>> coming up after a break, a walmart and azamon in the battle for retail supremacy inside the years-long rivalry with the author of a new book. stay tuned you're watching "squawk box" on cnbc ♪ or maybe it's petco, keeping me healthy for less money. wait, what's money? better quality pet care for less human money. [tweet] oh, a bird. it's what we'd want if we were pets. get $10 off $50 at petco, the health and wellness company. your brain is an amazing thing. but as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. at stores everywhere without a prescription. from big cities