andrew ross sorkin sitting down with lina khan last hour andrew, it was a great interview.at discussion i'm curious as to what your highlights and take aways were >> thanks. it was a great opportunity to talk to her. first time on camera since taking the job i sat down with her with kara swisher as you just mentioned. specifically some of the big, more interesting elements of it was her answer to this i asked her how her agencies think about the services free from technology companies, think facebook, for example. and then the role of data privacy on the other end and sort of how to weigh it. >> especially in digital markets, there's a deep conversation right now and one that also falls in the ftc's wheel house around data privacy and security instances in which firms were able to reon their commitments d made certain acquisitions of firms that were a bit more privacy protected and all of a sudden consumers are locked in and suddenly have to surrender more data or surroender to being tracked on a greater set of websites those moments underscore the point that in many instan

let's get back to that important interview with lina khan here she is talking about how the ftc makespotential deals to focus on >> we are severely underresourced the -- we have around 1100 folks that's fcc the fed hount counts is around two-thirds of what it was. they've actually declined at various points in the last decade so, when you have, like we did over the last year, a doubling of, in terms of deal volume, our resources stay the same. the same number of people responsible for investigating the transactions the number of transactions has dramatically increased that creates significant strain and we have to make choices about what deals we're going to insure we're investigating but they're very real trade offs on what the work is going to come at the expense of. >> can you speak the trade offs. there's business leaders watching and listening to your words right now. we're going to go after this company, but we're not going to. maybe there's going to be a deterrent effect and that will have a greater impact creating the market you want and from an efficiency standpoint -- i don'

lina khan, it'll be a fascinating interview. in with a promise of doing that. this is a big one right here, because many people already consider microsoft to be a monopoly on this huge acquisition. what's going to happen? >> this is actually, i think, going to be an inflection point in terms of what happens in antitrust. there was a cleverness about microsoft buying activision right now because they are probably the only tech company, if it gets approved, that could do this, which is to say that apple couldn't go buy activision right now. we should say, by the way, this is world of war craft. this is call of duduty. i don't know if you play all these games. >> mika is on top of it. >> all the time. >> it makes it almost impossible for a google or alphabet or facebook and the like. and the question is not only couldn't they buy it, but do they go to washington, the big other tech companies, and say, no, no, no, we can't have this right now? that's going to be an interesting thing to see. and if you see lina khan go after the deal

in her first on-camera interview, lina khan will join andrew ross sorkin and kara swisher of "the newk times" "sway" podcast for a consideration on big tech, big business and the ftc's approach to the current wave of deals that's 10:00 a.m. eastern to catch that and we will bring you the headlines and highlights here on cnbc >>> coming up, the case for netflix. the stock down 15% already this year and earnings are due out thursday why one analyst says you should buy ahead of the report. >>> plus, the story, the action and the trade on three big reports tomorrow from bank of america, morgan stanley and pg&e all of the stocks in the red today. will they continue to suffer the same thing as goldman and jpm? we are back in a moment. ♪ ♪ ♪ digital transformation has failed to take off. because it hasn't removed the endless mundane work we all hate. ♪ ♪ ♪ automation can solve that by taking on repetitive tasks for us. unleash your potential. uipath. reboot work. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund

eastern time fed chair, lina khan first on cond television since taking the job?nd you can warble the special edition on your second screen at cnbc.com/cantexchange at 10:00 a.m. eastern time we'll bring you all the headlines, and of course tomorrow on squawk joy? >> this you want me to watch >> absolutely. >> i'm watching too much tv. should i make an exception >> get your ipad out you can have a couple things going on in this new world just keep the volume on us >> all right will do. back to the markets now, jason trender, ceo of strategis, a behr company well, the fed says it's not transitory they told us they're on the case they're going to raise rates a few times, do qt, are you feeling good are you feeling relaxed? they're on the case. >> joe, i have to say, not really the fact of the mac is the fed is still easing. the fed is still purchasing about $40 billion a month tro treasury securities. after inflation, depending on what you're using is minus seven. if you use the core pce, which the fed uses, it's minus 4 1/2 i've been doing a lot of read being the g

those totals come after the senate judiciary committee and the biden administration and ftc chair lina khan saying it would push for more regulation as well, julia. >> one thing that's interesting while the push for more regulation and one thing they're lobbying for is that there shouldn't be as much regulation because of the one thing president biden was talking about because of the china competition. we'll hear more of that. >> we have more earnings on tap so listen to comments on there microsoft on deck next week. have a good weekend. the nasdaq down 1% halftime starts now. >>> all right, d., thank you so much welcome to the halftime report i'm scott wapner the stocks and your money following another turbulent week in the markets so where do we go from here as the earnings season starts to heat up? is a viable bottom in tech getting closer we debate all of that as always with the investment committee. joining me for the hour today, jenny harrington, kari firestone, steve weiss and pete jon najarian co-founder of market

in the past lina khan has referred to merger reviews that didn't, perhaps, result in changes or stipulations affect what we're going hear today? >> i don't expect that they would address the activision merger in particular certainly, they're going to stay away from naming specific companies, but we all know what their long academic history has pointed to, and as i said, the white house itself has called specifically on the aegencies to look backward and forward and we'll muddle through it. >> as we wrap up the show, guy, the nasdaq is up 1 2/3%. carl, you see the ark etf down 3% adding to the losses and the nasdaq an underperformer as we watch rates. >> yep zscaler is managing to get mileage out of this upgrade out of morgan stanley up 4% and think, we'll hear a lot more about the banks in the morning with b of a and morgan stanley, but for the time being the top five s&p gainers right now are pretty much all gaming related let's get to the judge and the half. >> carl, thanks so much. welcome to "the halftime report." i'm scott wapner, front and center stocks falling, rates rising and earnin

a dizzying week here in terms of lina khan giving her blueprint and now the senate finance committee.> sure. first, let's say when legislation slows down on a back row basis you start to see more regulation so this week the regulators said, we're looking at changing the antitrust rules and merger guidelines and that process started. it was timed almost perfectly to what you are asking about, and that is the senate judiciary committee successfully passed out of committee legislation where big tech will not be able to preference their own items. if there's a theme between the two different buckets here it is that big is bad. anything that is big is bad. they classify who will be affected by revenues or market cap, number of users you have, and that seems to be where the attention is this bill passed out of committee 16-6 that's within a 50/50 senate, kelly, so it shows you there's bipartisan support >> wow >> but when you tally up the members and what their comments were yesterday, a majority of members still expressed reservations with this legislation. so it has a long way to go in th

i'm going to talk to lina khan from the sec you don't think washington will make this dealt? there is three companies, take two, electronic aerts and there is only activision blizzard, yeah, lit have a hard time to me, everybody is in gaming. anybody can write up gauge road blocks is into gameing. right. there are so many companies apple is into gaming i i it's one of the more fractured universes, someone as active as she is may say, look, no one can crack into this business other than those three companies. i think that is a very bad call, but, obviously, this will be a real test. it will be great tomorrow. >> you mentioned bobby kotick and phil spencer both joining us in the next 45 minutes or so and you mentioned sub sten subscription services. >> i was away this weekend and i have a bunch of subscribers. this product and turbo charged and i'm excited about it we're going to do a program this morning, everybody who is a subscriber should tune in. it's going to be a blast thank you, becky. >>> you can still sign up to find out more at cnbc.com/investingclub or point your ph

earnings, but the investments -- 24 times earnings for a career company with a great balance sheet, lina khans the only one -- >> i'm talking about revenue growth. >> am i supposed to be -- let's go to -- [ bell ringing ] >> let's go to metaverse we're talking about the old facebook not an expensive stock it's 22 times earnings 22 for a company that grows unbelievable so, i mean, are these -- maybe these aren't the ones that he's talking about. maybe his 'talking about some of the spacs that, by the way, i think gary gensler will make so you have to put the projections in, so, david, when we go back to high leon, you're going to see the end of that. >>> u.s. global investors were celebrating the sea to sky etf. >> time for them. >>> the atlantic coastal acquisition corp, too. we'll talk more about spacs -- >> the west is covered by that center fielder for the phillies, gary -- what was his name? >> his. >> yes, thank you! >> u.p.s., moderna today, they have a neutral, but they talk about how this company has $13 billion in cash, maybe they do something with the cash. or i'm saying that the dr

and lina khan and jonathan canter -- my didn't propose that long forces are strong enough to get thejob done. today's hearings marks an important step forward in this great struggle. it highlights the pressing need to re-learn that competition policy is much more than mere antitrust law. rather competition and policies is a combination of antitrust with trade policy, corporate governance, wall street governance and industrial strategy. such as with semiconductors and i detail how we can rebuild our industrial system in ways that make us truly safe, while also bringing inflation and boosting wages. our opportunity today is not merely to rebuild with the monopolists have broken these last 40 years, it is to really learn how to use anti monopoly laws both to imagine and make an america far more democratic, just, and forward-looking than anyone of us there to imagine in a generation. >> thank you very much, mister lynn. appreciate it. mr. sherman, you are recognized for five minutes. >> chair warren, ranking member cassidy, and distinguished members of the subcommittee. thank you for the

earlier this month, federal trade commission chair lina khan noted that by september of this year, our anti-trust agencies had already received more merger filings than any other year in the previous decade n. fact, they are on track in 2021 to receive a 70% increase above average filings in recent years. giant corporations are taking advantage of this global crisis to gobble up struggling small businesses and to increase their power through predatory mergers. i introduced my pandemic anti-monopoloy act to slow down this trend and to protect workers and small businesses and families from being squeezed even more by harmful mergers during this crisis. i will reintroduce it this year because the need is clear. the effects of limited competition in our technology sector are particularly severe. that's why i'm interested in exploring today's hearing. limited competition in tech is having spillover effects across our entire economy. anti-competitive practices in the semiconductor industry have exacerbated supply chain issues. big tech firms have used their dominance to inflate prices throug

you can't block big tech from buying companies what would frustrate me, if lina khan was doing her job cartels in the america is hospitals you want to do your job, focus on things hurting people than the stuff that is actually working in our economy. >> joe, i wish we could have you for the hour we are up to a hard stop i want to thank you. we hope to do this again >> fregreat to see you >> joe >>> coming up, united airlines reporting after the bell last night. we will dig through the numbers with ceo scott kirby next. >>> plus, new jersey governor phil murphy on his state's battle with omicron, testing and more stay tuned "squawk box" will be right back. with deep expertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. i am here because they revolutionized immunotherapy. i am here