where we have congress writing six antitrust bills going after big tech, and the ftc installing leena kahnower, to come after them i think this is a signal to add more momentum to those efforts the actual executive order itself i don't think is that impactful. it reminds me of an april 2016 executive order from president obama, about restoring competition in america did that do very much? no so i think we should be skeptical of how impactful of the executive order, but very serious about the momentum going against big tech today >> we've seen see the ftc have its powers highlighted, perhaps limited in recent weeks already. are we talking about the only real way to rein them in is by legislation then >> i think the legislation will help but i wouldn't necessarily say their power is being fully reined in. when the judge threw out the case against facebook, the judge said, ftc, you can amend it and bring it again the state attorneys general were not allowed to do that because of a statute of limitations ---ation i think the ftc has more power than it's being credit for with leena kahn at the

so now, kanter, leena kahn, and tim wu, council of economic advisers, why so -- why do you think investorsedicated to dealing with the problems of revising the antitrust laws, which are really so far out of date, in a time when there was no digital economy. if you look at 'em of the companies they are looking at, when is primarily alphabet, google, facebook, amazon, apple, they are all. >>> and david sicily in the house house has had a focus on this. now it's ipartisan s in face of this, you're see stocks go to almost new highs and does have bipardon san support. it's the same thing that china is dealing with, trying to get around these companies they have similar antitrust mo notally laws they are focusing on now >> yeah, just no congress, i guess, no parties, but alan, you know, facebook and amazon have already have had leena kahn to recuse herself now you have kanter, so investors are saying, what is the likelihood that would threaten their business that also get bipartisan support. i think it's unlikely they will recuse themselves. just because they're experts in this area -- you can't

if you're leena kahn, you don't care necessarily what the wall street reaction is, you came how dominantdoes raise the question for example, if you broke out aws, would it be worth more, could those profits be pumped more into aws. so these are interesting questions, even from an investor standpoint, you would want to take a closer look t. >> down 6% now after hours tom, it hasn't stopped them from expanding further, trying to buy mgm, obviously investing in physical stores, in whole foods. where does this regulatory threat take amazon the stock has been strong, into earnings when you think about the legislation being considered in the house and senate and the executive order by president biden, that up until recently, the market wasn't giving enough attention to regulatory risk i do think that we are going to see a more services-oriented amazon led by andy jassy, to focus greater attention on third-party sellers versus the first-party sales. that bodes well for profitability, but i do think the market has not been paying enough attention to the regulatory risk, which i think is the most