i'm so glad to be here with my partner and friend, assistant attorney attorney general kanter, so let's kick it off by diving into the 2023 merger guidelines which suggests a true herculean effort by the exceptional a teams at doj and f if tc. why don't you kick it off and share with us just how the guidelines reinvigorate the rule of law. >> thank you so much, chair khan. it's the really a pleasure to be with you and to be here with so many great enforcers. and although your voice is a little scratchy, your words are mighty. so we're thrilled, chair khan, that a we can have this conversation today. and and we're equally thrilled to have worked with our par merits -- partners on the 2023 merger guidelines. we are e really proud of the work product, and we think it embodies some is really important and significant principles. and first and foremost, the merger guidelines start with a really important question. how does competition work in this particular market when we evaluate a merger. and making sure that we are protecting competition, the competitive process, because with it results

kanter's daughter says he suffered congestive heart failure.nes died on the arizona in the attack that launched the u.s. into world war two. kanter was standing on the ship's main deck as japanese bombs dropped and worked to put out fires in the aftermath. >> now for your morning money report. united airlines is offering voluntary, unpaid leave to its pilots next month. it's all in an effort to cut overstaffing due to delays in boeing's aircraft delivery. the move follows united's announcement about a pilot hiring freeze in may and june. the voluntary leave option is only for may, at least for now. pilots are expecting to receive similar offers later this year. and taking a live look now at the new york stock exchange. now, as trading gets underway this morning, you can see we are down about 440 points this morning. >> if you have been kind of waiting to purchase a powerball ticket, well, you're lucky there are no jackpot winners in last night's drawing. >> so now the jackpot is 1.09 billion. and here are the numbers in case you may have won so

discussion, panelists including ftc chair lina khan and assistant attorney general for anti trust jonathan kanter examine the impact that labor markets and mergers have on consumers. this event was hosted by the,

lieutenant commander lou kanter is now in his final resting place in grass valley but he was the lastivor of the uss arizona, which sank in the 1941 attack on pearl harbor. the surprise attack launched the u.s. into world war ii. he died on april 1st at the age of 102. >> he was a living legacy as to what happened during pearl harbor. >> a reminder to younger people that people have lost their lives. and done great things to keep our country going. >> he is buried next to his wife, val, 45 years. >>> and innovative new surgery absented cisco's va medical center could be a game changer for patients with prosthetic limbs. lauren thoms met up with an air force veteran who is the very first to try the new technique. >> three or four or five ? gosh, six or seven or eight months before i walk. >> reporter: doug is no stranger to learning how to walk again. after losing his leg seven years ago, he has had to readjust to life with a prosthetic. but now, he will be the first veteran to walk using a bone infused prosthetic limb. >> people are happy with their prosthetics, which is great, becaus

to have an all-star cast with us today but secretary vilsack ambassador tom: chairman over men and kanter to share how agencies across the federal government are taking aggressive steps to bolster competition it's been hobbled by consolidation concentration and other roadblocks resulting in higher prices lower wages declining entrepreneurship growing inequality and a less vibrant democracy. even as we drop outside the ftc to discuss the whole of government approach to competition i encourage everyone not to sleep on important poll of the agency approach that's happening within the ftc. when i first arrived at the agency six years ago i was surprised by how they ftc silence them from one another. this never made sense to me because fundamentally believe consumer protection law is an important competition guard rail. consumer protection law at its best ensures that honest competing fairly to provide the best products, services and innovation to the market. without gaining a competitive edge through deception or in fairness. to that end our consumer protection and competition market missions

and, jake kanter, if i could bring you in, from deadline, i wonder what your assessment of how the medialarising opinion when it could actually be bringing people together potentially. i think it is - polarising opinion. i think what this shows is that newsrooms are treating this l as a culture war story, rather than _ a health and science one, and it's testament to newsnight that the story _ was pursued in this way. and i think it's a real shame that, you know, _ originaljournalism is beingl gutted from newsnight now and we may not see stories of this ilk in the future - from that particular show. and what's your sense, as somebody who previously worked at the times, of whether — how those newspapers, how places approach theseissues and the impact they have? they embrace these issues. they want to write about them because they drive huge l engagement and interest and, you know, iwas encouraged to pursue stories_ where the media and these debates intersected - because they were controversial, - because they stoked opinion. and for the bbc, | it often finds itself at the centre of these s

but kanter has taken on google, and he's taken on apple.e's got merrick garland on his side, the attorney general, but when i look at what happened with apple, what happens with apple is it has to cut numbers we'll get that number cut. then, two to three days later, we'll say it's bottomed. then, the focus will be on the other mega countries besides china. you're going to start hearing a narrative which says, we got to start thinking about brazil, philippines, indonesia, turkey, and then we have to extrapolate india. but they haven't been able to tell that story yet. >> you mean as a supply chain? >> no. customer base three years from now. >> oh, interesting >> and if they were to focus on long-term value of those new customers, particularly in india, younger customers, not unlike what i talk about when we talk about american express, what people realize is, for the first time -- and i will even go as far as to say that procter is doing the same thing for the first time, we're not as levered to china as we think, and i think wall street is

i think what lena kohn and jonathan kanter have done at ftc and doj has been such a stretch in termsinterpreting the law and the any trust law and they have done a disservice to our country, to investors, and frankly damaging the competitiveness of america as a destination for capital. >> but that is the world we live in now. we were talking to brian moynihan on the trading floor of bank of america. he was talking about the amount of deals being held back by the prospect of them not being able to pass, not being able to go through, and no one wanted to be on the wrong side of that, being left hung out to dry without any idea whether the deal will close. are you seeing the same thing? >> i do think, and i would say to the decision-makers that, if we are going forward, if there's going to be a deal to work, we have to make sure we allocate the necessary time, resources and commitment to get through that. but think about it. if we would like to be the location in the world where capital flows to its most efficient use, where it gets the most dynamic economy, velocity of capital, we shou

how's that doing today in >> oracle and the trojan horse >> jonathan kanter is ready to stop that dealheartbeat. >> there's no antitrust on a skydance-paramount deal. >> oh, no, david, jonathan kanter watches the show, and what they're saying -- will you listen to me >> larry ellison is not -- >> just wave to regulators all day long >> the ftc does not watch the show >> lina khan does not watch this show she will personally come down here and program her generative a.i. to figure out how to eliminate jim. >> i'm just saying if you're going to go after simon & schuster merging with whoever, you know, that's the steven king case, you think you're not going to go after organize snl. >> you're not. the fcc review will be significant. by the way, there's going to be plenty of asset sales associated with any deal, unless it was just a nondeal, and paramount just stays out there, but any deal cbs stations, the networks all anybody really wants is a studio that's of great value. the only other thing i would mention on paramount to sort of -- we talked about it enough for now, but the -- i do h

of euthanizing antitrust for 40 years you have amazing young woman, lina kahn at the ftc, jonathan kanter at at the antitrust division. she has department reviving antitrust. so the market can work way the market is supposed to work based competition and you don't have platform monopolies. any time somebody comes up with a new innovation that might compete them you don't have them just buying out their competitor. you don't have airlines consolidating. i live in boston i flew down last on jetblue, the was dirt cheap. why was the dirt cheap? because there are actually competing airlines from, boston to washington. but if you go on a number of other routes where just one airline you're going be absolutely soaked. so i think embracing competition, embracing what's good, the consumer, taking on pharma. this is all good. i think a lot of democrats are compromised. and if if you if you look at the career pattern of former members of the house, members of the senate, even seniors staff, unless you're either an idealist or a --, you go to k or you go to wall street and, you you add an extra zero

justice department >> the green bubble phenomenon >> made me feel much better about jonathan kanter.uch for that vision pro >> that's because they haven't made it a business-to-business play with jensen huang they're still keeping it as a consumer product he's talking about the dramatic cut. >> yeah. long-time supply watcher on apple says they have cut their vision pro forecast for the year >> look, like i said, the long knives are out for apple >> you made the point a few times. it's very expensive to buy >> we need to see -- it's business-to-business no, siemens could buy a hundred thousand of these. jensen said, look, it's a business-to-business product and apple doesn't necessarily, to my point, do business-to-business they like consumer but jensen says if this was a business-to-business, then this product would be amazing you would buy cars, carvana. you would buy homes. and that's what it's for but he doesn't think tim cook knows that remember, i got in a car that didn't exist i can got in a car that was a chair. i stepped out of the chair like it was a car i almost slammed the

since their appointment, lita, and jonathan kanter have brought the highest requirements since the u.s defense of the deal. 33,000 employees is how many people would work for the combined company. you can reduce wages if you combine the companies and create comedies of ill. how do you compete with the likes of gucci if you are a bit rand. from the biden administration, it seems like this is more of a worker thing. jonathan: if that is the obstacle to closing a deal in america we will never close a deal again. they come on tv every time they close a deal and talk about efficiencies and cost savings. annmarie: this is the reason -- lisa: this is the reason brian moynihan was saying a lot of things are getting iced. jonathan: we will focus on that story. data showing iphone sales falling 19% in china. apple losing market share to competitors like huawei, which saw sales climb 70% in the same period. you said the market is growing. it is not a market problem, is an apple problem. lisa: are they going to start to say out loud we are trying to shift to india, we will cut our prices further?