the culmination of chair lena khan's long history with the company. bosa is digging into that. >> khan badly needs a win. as we await that ftc antitrust lawsuit against amazon, the agency and her own credibility are at stake lena khan made her name in high school where they argued the existing antitrust framework didn't properly account for the rise she came in determined to hold big tech accountable when we look back at the deals amazon has done during her tenure at the head of the federal trade commission, this is not a small list. it has made the prime ecosystem stronger and more entrenched, exactly what she's been trying to fight there was mgm, an acquisition which she didn't fight then there was irobot and one medical that gave amazon a foothold in health care. that closed without challenge by khan and the agency. in fact, three of amazon's five largest acquisitions, they have been done while khan has been in charge and then all the investments in generative a.i on the right side the of your screen, hugging face, up to $4 billion for minority sta

jason, the finishing tc once -- ftc, once again lena khan, everything they do they are defeated in thehey go again. they're attacking amazon, which is monopolistic, forcing businesses to use expensive logistics and advertising. if they get their way, they're going to want to break it up. what's your, you know, you're a hot shot institutional investment manager. you look at this stuff, what's up with this? >> well, listen, there are certain elements of this that are almost -- if you combine this with, i'd say, president biden's trip to the picket lines today, it's almost a bookend to reagan's patco strike. larry: right. >> it's the other end, it's a little bit more, we've been talking about a little bit about the '62 market drop with kennedy and u.s. steel. listen, this is -- you can pick on capital a lot when interest rates are low and you can get away with it. when interest rates are higher and you start driving anti-business sentiment, it's a big problem. and that's exactly what's being reflected in the stock market now. so i don't get it. president biden's numbers are very low she d

lena khan wrote about this in 2017 as a lieu student. here is how she explained it to us in 2019. >> a situation when a single company is sable to set the ters of the marketplace. that's a situation where we should worry about the market not being competitive. >> that year i asked the then-ceo of amazon worldwide consumer jeff welke about these criticisms. amazon's marketplace dominance. here's what he said. >> does amazon give priority to unprioritize its private label in search? >> we prioritize the things that customers want. >> a recent hearing on capitol hill an amazon attorney went a step further and categorically denied the claim. >> we don't use their individual data when making decisions to launch private brand. our incentive is to help the seller to succeed because we rely on them. >> when wilkie left the company in 2021, lina khan told cnn the ftc has not ruled out holding amazon executives personally lived for the company's alleged conduct if they find sufficient evidence. >> amazon says it could cause the very problems is ho

. >> the lawsuit was brought by the new head of the federal trade commission, lena khan, and we suspecteds coming because she wrote a better calling it the amazon paradox. it's not clear what the government wants to do about ambassadors, how it would solve the problems it's describing. >>> this is the second major antitrust lawsuit against big tech. the other is in court right now, the trial against google, accused of anticompetitive behavior by the justice department. >>> speaking of google, this year has been the 25th anniversary of google's creation. later this morning on the "today" show, harry smith is going to take a look at google's new artificial intelligence, bart. >> what did you ask bart? >> i said summarize all the emails from my kid's school. you understand the start of school year is very stressful. inundation of emails, buy this, prepare that. bart as able to summarize. that saved me hours of time, did it in minutes. >> that's ahead on the "today" show. also, brand new video about an hour and 45 minutes ago, you can barely make out the parachute, frank rubio and other astro

khan and the ftc again and aaain. ., . h again. dan, thanks so much. -- lenas consumer confidence has tumbled, as american�*s anxiety about the future grows. rising prices for everything from food to gasoline and higher interest rates for a prolonged period is on the minds of everyone and caused a sell off on wall street on tuesday. for the broader market, the s&p 500 and the nasdaq both hit their lowest levels since early june. consumers are also expressing concerns about the political situation, with much talk of another government shutdown at the end of this month. live now to tom stevenson, investment director at fidelity. good morning to you, tom. good mornin: , good morning to you, tom. good morning, tammy. _ good morning to you, tom. good morning, tammy. not— good morning to you, tom. good| morning, tammy. not surprising, is it, to morning, tammy. not surprising, is it. to see _ morning, tammy. not surprising, is it, to see the _ morning, tammy. not surprising, is it, to see the impact _ morning, tammy. not surprising, is it, to see the impact of- morni