and the face of it is lena khan. >> we are law students, and we love you. >> could we have a selfie? khan was a student here at yale law school, she wrote a paper called "amazon's antitrust paradox" contending that even though amazon's prices are low, it's still a monopoly. >> this was seen as an extraordinary break through, and it went viral. >> less than five years later, president biden made her head of the agency that polices amazon. >> you know, amazon is a very popular company. people like the convenience, the choice. the prices are pretty moderate. and they're afraid that you're going to tamper with something that's good, that they like. >> our investigation uncovered that amazon's illegal practices were actually raising prices for consumers because it had illegally muscled out rivals, locked them out of the market in ways that if you had more competition that amazon hadn't squashed, consumers would be even better off. >> amazon denies doing anything illegal, and says if khan wins, prices will go up. also in the ftc's cross hairs, the issue of tech giants buying up smaller com

. >> lena khan and the ftc point to this case, that is one that is going to be -- >> that is where ie were talking about albertsons and kroger when the deal announced having antitrust implication, not this one. >> i know. this one was a bit surprising. that's set to last over the next ten days. we'll keep you apprised of details. as we head to break, glow time as investors get ready for another big product event from apple in just a few hours. we'll get the street's take in just a few moments. crypto related stocks coming off big losses last week rebounding today. which menas to watch when "squawk on the street" comes right back. >>> checking in on stocks. we've got a rally and rebound. the s&p up 0.75%. we're coming off our worst week for the s&p since march of 2023 when the regional banking crisis was going on. nasdaq up 0.5%. not as strong as it looked a few minutes ago. apple not participating, for instance, but nvidia, tesla, amazon, meta all the names that got hammer last week in the selloff, they are bouncing back a little bit. every sector remains higher. it's been a tough st

and then in tech, the idea that they have been -- lena khan has somehow bought into the european viewthe globe more than getting connected to our -- india's entire strategy on pulling people out of poverty is connecting them to the digital economy. >> one more thing. we need to start acting like the power we are we are 4% of the world's population we're 25% of the world's gdp we have 45% of the world's capital markets. we need to start acting like we're strong andstop acting weak we need to lead with strength like we used to. >> there's a widely circulated view where i think -- i almost said former president biden, so sad. where president biden said we will end fossil fuels. and at the time, the left was like, yes, thank you we're going to do it now, because we're at maximum production, we're at new highs for production, they're all gratified that didn't happen now they actually brag the biden administration has brought us to the forefront of oil and gas production have they not? >> it's amazing because a simple stat of that gas went to $525 nationally on average at the height of the