president of america's region for mastercard. she is responsible for overseeing mastercard's operations and consumer-facing activities in the united states, canada and latin america. she's been with mastercard since 1997, has held various roles during her tenure. next we are joined by roger alfred, a professor of law at notre dame where his scholarship focuses on antitrust competition, trade and other commercial law issues. professor alford previously served as deputy assistant attorney general for u.s. department of justice. our final witness is doug cantor. since 2021 has served as general counsel for national association of convenience stores. the organization representing 148,000 convenient stores. the organization represents more than -- employing more than 2.3 million people across the country. mr. cantor previously practiced law where he served as counsel to merchant payment coalition, among other organizations. i ask the witnesses to please stand and be sworn in. if you'd raise your right hand. do you affirm the testimony

mastercard duopoly partners. 2023 alone visa and mastercard charge merchants more than $100 billion indit card fees morse in the change of interchange fees. but help is on the way in july of 2022 i joined my colleague senator roger marshall who will speak to us this morning to introduce a bipartisan credit card competition act. senators welch, holly, reed, vice president like millions havean signed on as cosponsors f our bill. i welcome them. credit card competition would break that visa/mastercard stranglehold on the market by requiring only the largest banks those with more than a wonder to billion dollars in assets, the only banks affected more than $100 billion in assets to enable two networks on their cards one must be a company other than visa and mastercard this way small businesses finally have a real choice. a good route credit card transaction on visa or mastercard network continue to pay interchange fees and octant oftenrank as her second or biggt expense report could select lower costne alternative. it's something called competition. i have a pretty good idea at which one y

i am hearing what mastercard has planned for the future with the ceo. then should investors still consider income that raises the dividend for 25 years? i'm seeing if it's worth watching the pullback for the company's top risk. and running through the major earnings of my post. to the ceo run the stock over too much? stay with cramer. >> don't iss a second of "mad money." follow @jimcramer on x. have a question, use the hashtag mat mentions. or give us a call at 1-800-743 cnbc miss something? go to cnbc.com. it's all the things that keep this world turning. >> join us in celebrating native american heritage. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than anyone. powering possibilities. we really don't want people to think of feeding food like ours is spoiling their dogs. good, real food is simple. it looks like food, it smells like food, it's what dogs are supposed to be eating. ♪ let's go boys. the way that i approach

do you want a big hack of visa and mastercard?eople love their credit card rewards and they say if you do big moves in the credit card market you will be taking away people's benefits. i think there is something to that, but it is clear from members both at this committee hearing and other places that something has kind of got to give in this space. host: we're talking with brendan pedersen, financial services reporter for punchbowl news. if you have a question or comment for him you can start calling in now. the lines are broken down regionally. if you are in the eastern or central time zone, (202) 748-8000. if you are in mountain-pacific, it is (202) 748-8001. you can also send us a comment or question via text. (202) 748-8003. brendan, something you mentioned is the credit card competition act that has been introduced. last year was introduced, still being considered. i wanted to share some provisions of that. it would require credit card issuers with assets over $100 billion to enable at least two credit card netwo be ed on th

c-span 2 the senate works on trip judicial nonaons and on c-span three representatives for mastercard and visa testify o the lack of competition in the credit card market d e impact on consumers before the sete judiciary committee. th is at0: a.m. eastern. and at 2:00 p.m. the house oversight and accountability committee examines fema's response to hurran milton and helene with testimony from the agen's administrator. you can also watch coverage on the free c-span video app or online on c-span.org. >> watch book tv's live coverage of the 75th anniversary -- annual book award. it's given for the best works of nonfiction, fiction, poetry, translated and young people's's literature. this year's finalists include deborah jackson, kate mann, eliza griswold and jason deleon. watch the 75th annual national book awards wednesday night at 8:00 eastern on c-span 2 book tv. >> this year, c-span celebrates 45 years of covering congress like no other. since 1979 we have been your primary source for capitol hill, providing balanced, unfiltered coverage of government, taking you should wear policy i

. >> visa and mastercard make up the majority of networks in the us.nior advisor to visa and others will talk about the lack of competition in the credit card market and its impact on consumers. from the senate judiciary committee, watch live at 10 am eastern on c—span three, c—span now, our free video apps or online at c—span.org . >> the house will be in order. >> this year, c—span salary 45 years of covering congress like no other. since 1979, we have been your primary source for capitol hill. providing balanced, unfiltered coverage of government. take me where policy is decided and debated all with the support of america's cable companies c—span. 45 years and counting. powered by cable. attorney general merrick garland gave his farewell speech to employees at the us district court for the southern district of new york.

>> i will say this at the onset, visa and mastercard together on a really big share of the market.se are separate companies, it's important to remember. if people in the state are calling anything it is usually a duopoly. the zones about 52% market share of credit card payments in the united states, mastercard has closer to 22% which is still the second largest player but there is a bit of a gap between the two. we actually saw this play out in the senate judiciary which is fascinating. linda fitzpatrick, the president of mastercard actually made a point of saying like i'm a look, the department of justice has said that we are not a concern and we are a smaller guy than this one. she didn't actually point at the visa ceo but there is more scrutiny on visa but mastercard has also brought on by working often in tandem with visa. they often raise their prices around the the same time which strikes people as duopoly stick behavior. like you said earlier, the act released in 2022. right now most credit card transactions, merchants have optionsof who ultimately pays only processes the tr

c-span 2 the senate works on trip judicial nonaons and on c-span three representatives for mastercard and visa testify o the lack of competition in the credit card market d e impact on consumers before the sete judiciary committee. th is at0: a.m. eastern. and at 2:00 p.m. the house oversight and accountability committee examines fema's response to hurran milton and helene with testimony from the agen's administrator. you can also watch coverage on the free c-span video app or online on c-span.org. >> watch book tv's live coverage of the 75th anniversary -- annual book award. it's given for the best works of nonfiction, fiction, poetry, translated and young people's's literature. this year's finalists include deborah jackson, kate mann, eliza griswold and jason deleon. watch the 75th annual national book awards wednesday night at 8:00 eastern on c-span 2 book tv. >> this year, c-span celebrates 45 years of covering congress like no other. since 1979 we have been your primary source for capitol hill, providing balanced, unfiltered coverage of government, taking you should wear policy i

on c-span three representatives from mastercard and visa on lack of competition and impact on consumersefore the senate at 10 a.m. eastern. at 2:00 p.m.heouse oversight committee examines fe's response to hurricane milton and helene with testimony from the

that includes salesforce, mastercard, netflix and united health and nvidia.he pre-market. pulling back .75 of 1%. the bond market is closed for the veterans day holiday. the benchmark at 4.3%. after the election, it spiked 40 basis points. now it's back down to the same level before the election. bitcoin is continuing to test record highs. best coin trading at 82,000. up 3.5% right now. over the last week, up over 21%. that's the morning money set up. >>> let's turn to the story. many big tech ceos have been speaking out in the wake of president trump's victory congratulating him on his victory. that includes apple ceo tim cook whose business could face speed bumps if the tariffs take effect. he is looking forward to working with the trump administration. we have steve kovach with more. good morning, steve. >> frank, no company is more exposed than apple. many of the manufacturing takes place in china, especially the iphone. it has been ramping up in other countries like india. it is worth looking at how ceo tim cook managed the relationship with trump during

came under an extra legal banking blockade, so that when he leaves had the paypal cancelled visa, mastercard cut off donations. it wasn't the 1st time the whole, the major credit kind of companies are united in creating a blockades on a media organization. joint even happens to so bank account close to the decline is the currency the, the sun you can shoot for the better shouldn't be any television, you know, sense little games escape unable to see him in this get anybody your dylan told him . no, i guess from a dealer. bowman done that, but it is what i meant. are you going to be made at the bar in the game? it is and the sign is in no, for this any to the base. they want to publish it, electronica ease of it that i bought, attached to the id. i meant that i probably see it as to what could i have known this is i've seen them most different of the see, let's see that. but he's young men, that when you are aware that someone is eking information on using the duration in the, in the embassy, which is very embarrassing. and they say that you put it into what is saying that you was, you know, w

came under an extra legal banking blockade, so that when he leaves had the papal canceled visa, mastercard cut off donations. it was the 1st time that the whole of the major credit card companies are united in creating a blockades on a media organization. joint even had these to so bank account closed the decline is the currency the no, none of the sudden you can shoot for that, but it shouldn't be any other senior citizens. let's escape and able to see him investigate in resorts. dylan told him no guess from a dealer, bowman done the but of issue. i mean, or, you know, prevent at the, in the game in is and does on those in know, with this any, to the base they want to publish it electronica ease of it that i bought, attached to the id. i meant that i probably see it as to what could i have known this is okay, and then we'll still receive a few that. but do you see a moment that when you are aware that someone is eking information on using the duration in the, in the embassy would use very embarrassing. and they say that you put it into words and saying that you was, you know, with the esc

so we see leaks had the paypal cancelled visa. mastercard, cut off donations. it wasn't the 1st time the whole, the major credit card companies are united in creating a blockades on a media organization. julian even had these to so bank account close to the decline is the currency the no, none of the leaders on you can shoot for that, but it shouldn't be done. losing innocent english escape and able to see him in this get anybody your dylan told him. no, i guess from a dealer. bowman done the but it is who i mean or, you know, bringing that up on in lucky if it is and does on those in know with this any, to the advice they want to publish it. electronica ease of it that i bought attached to the audi. i meant that i probably see it as to what could i have done this is okay, and then we'll still receive a few that pretty soon meant that when you are aware that someone is eking information on using the duration in the, in the embassy, which is very embarrassing, and they say that you put it into words and saying that you was, you know, with the escape board or tha

came under an extra legal banking blockade so that we see leaks had the paypal cancelled visa, mastercard cut off donations. it wasn't the 1st time the only major credit card companies are united in creating a blockades on a media organization. joint even have things to somebody account close to the decline is the currency. the understanding is issue for the better shouldn't be any other senior citizens. little games escape unable to see him in this get anybody who are dealing told him no, i guess from a dealer. bowman done that, but it is who i mean or you know, bringing that up on in lucky if it is and does on those in know with this any device they want to publish it electronica ease of it. the report attached to the audio means that i probably see it as to what could i have done this is okay, and then we'll be able to receive a few that pretty soon meant that when you're aware that someone is eking information on using the duration in the in the embassy, which is very embarrassing, and they say that you put it into words and saying that you was, you know, with the escape board or that

right now, much higher group visa and mastercard were added. you have some growth and some value.continued u.s. economy and that is superstrong in some areas to worry about that strong enough that you don't have to worry about loan loss reserves in the next four quarters and that is what hurts bank earnings, ultimately and makes investors question how sustainable they are. on that count we are in good shape and as you showed, multiples are extremely low, relative to other markets. so investors -- by far. >> what are your other trades? >> the important trump trade and this is important, you look at trump 1.0 to the end of 2019, pre-pandemic, u.s. stocks outperformed everything else around the world. there was not one major global index, by country, that outperformed the u.s. the s&p was up 15% and the rest was 25% and not one country outperformed. the most important thing to understand is the overweighted u.s. stocks. >> that is even with the dollar that is up. every time i checked is merging higher. >> the dollar rallied 1% over the period we are talking about from 2016 to 2019. i

liz: okay, that view of where the growth will be involves mastercard, signa and adp.re the three choices. can you explain where you anticipate the growth comes from from these? >> the growth in the mastercard is cards are continuing to penetrate commercial trans-accounting standards boards. higher and higher share -- transactions and higher and higher shares and penetration overseas with the rates of acceptance of cards is somewhat lower and enables these companies to have a shot at mid teens growth. for signa, a much cheaper stock and benefiting from the better areas of healthcare management and in other words not in the medicare and medicaid areas that are so challenged from a profit standpoint. i think they'll continue to win there and have some acquisitions. adp, the employer benefit company. they do all kinds of payroll and all kinds of outsources and they're growing by gaining share and offering services of bringing ai services into what it is they do. liz: bob doll with ai jew with something like adp. the dow too close to call but a record for s&p and nasdaq. w

and if i'm like, i'm to my senior snap months either with this and get him the visa mastercard, american express is on the machine. is that about from was the, should i mistake from psychiatric to me doing with this? and i'm just sick because of how does it nearby you not to us. i don't use 470 bucks. i've done most of the envelopes often done. most of the stuff and um is, i mean, i mean, i like to talk on the the, the, the bell punch into is one of the world's largest ppo outfits. the pentagon hated more than $500000000.00 for the correct coverage of the iraq war. there was a very large project, it was the biggest contract, the americans a warranty to anybody outside of america? the contract vanity was off a 1000000000 us dollars. so that's quite a hasn't a contract. and so i news big june of this month in wells worked at bell impulse into over several years. i was working for you loans and i was contacted by an agency i worked for a while at the time. they were like kind of a recruitment agency for just team and they said there's a job. some people would like you to go in interview for

mastercard senior adviser steve sadove with his outlook on what's to come.via question. what year were balloons introduced in the macy's thanksgivingay p darade? the answer when "squawk box" returns. uh huh! gives you a chance to reflect on the important things. aflac! like how aflac pays people money for the expenses health insurance doesn't cover. aflac! health insurance does leave a gap. but aflac gives people money to help close that gap. aflac! oh! coach prime got one on the line too baby! uh huh! see that's how you hold up a trophy. trust me. get help with expenses health insurance doesn't cover. find an agent. get a quote at aflac.com. i hope you're hungry. i'm glad i brought my own dinner. uh huh. >>> now the answer to today's aflac trivia question. what year were balloons introduced in the macy's thanksgiving day parade. the answer 1927. the first three balloons that floated were felix the cat, a dragon and a toy soldier. >>> >> all right. put that in the category of you learn something every day. a good trivia question. >>> check out shares of urba

on c-span2 the city is working on judicial nominations, and errun c-span3 representatives from mastercard and visa testify on the lack of competi in the credit card market and its impact on consume bore the senate judiciary committee. that's live at 1a. eastern. also at two p.m. the house oversightnd accountability committee examines fema recent reon to hurricane milton and helene with testimony from agencies administrat dnne criswell. you can also watch our live coverage on the free c-span now video app or online at c-span.org here. >> watch booktv is live coverage of 75th annual national book awards. the national book awards are given for the best works in nonfiction, fiction, poetry, translated, and young people's literature. watch the 75th the 75tl book awards live wednesd night at eight eastern on c-span2's booktv. >> c-spanshop.org to c-span's online store. browse through our latest collection of c-span products, apparel,

the correlation state nachos and what kind of message does it send to future, generate a kind of mastercard, of children, women as a defenseless, elderly by throwing them into a bottomless pits and burning in my life. be called a military tradition. kind of cruel, a self against those who could not defend themselves be called a military victory. how can you make peace with someone who doesn't just justify his own crimes, but also shift the blame of his victim? should you forgive someone who has no guilty conscience and shows no loss? but if so, now the who says yes, the passion, but the mystery was above the cross sub of the target to put in a motion to a nationalist appreciate which released. so it'd be never, he has also thought maybe maybe all that and then what it says of what i must have on the door. so i'd be like, oh bishop and utilize it admitted it's just a spiritual message for the subs which remains to this day for all to see the we will not to commit criminal and cowardly vengeance against any one's children. unlike them, we will not in the name of christ and christianity soil o

you might even be bringing up the mastercard in butcher. what happened in boucher, abhorrent and senseless on what happened in blue check. he is now calling for war crimes trials the on march, the 3rd 2022. russian forces less butcher, a small town. so the kilometers from caves. the next day ukrainian forces ends of the town, including sciences, from the nationalist as all battalion, the 3 peters are better than ever. they just told you, i'm not sure on the cell. no. going to see you, but it's around the little mother and things to be and you're going to see his case or to you, you're going to these capable funds, you lost them as bring them a ceiling. a great, you know, most of us only 4 to 5 days off the russian troops that boucher dozens of west in general is arrived in the sounds experience. video footage was soon and showing load for delay to be called the future mess across discussion or into this, or special ed coordinator, whether it's a shared diploma. pick a 3 you would like to know when it's set up a change company. what do we ha

she can the mastercard, of children, women as a defenseless elderly by throwing them into a bottomless pits and burning them alive. be cold, a military tradition kind of cruel assault against those who could not defend themselves, be called a military victory. how can you make peace with someone who doesn't just justify his own crimes, but also shift the blame unto his victim? should you forgive someone who has no guilty conscience and shows no remorse. but if so, now you're so ski? yes, the crash that the mystery was above the crust, sub of them thought of them as a target to put in a motion with nationalist appreciate which released sort of being never. he has also thought maybe maybe all in the sense of what was the cost. i'd be well, oh bishop nikolai, the spiritual message for the subs which remains to this day for all to see the we will not to commit criminal and cowardly vengeance against any one's children. unlike them, we will not in the name of christ and christianity soil or clean and innocent hands in the blood of their children, bills, wives, and old folks. we will not use

almost $11 billion in sales online showing an american consumer willing to open their wallet, and mastercards retail sales on black friday rose 3.4% from last year, a slight improvement from just 2.5% from last black friday. shoppers increasingly opting to do most of their spending online where sales were up almost 15%, compared to in-to store, up just .7%. >> it's fun to be here, but there are definitely easier ways to find deals online. >> reporter: what do the black fridays numbers tell you about how the overall u.s. economy is looking. >> the fact that consumer spending is showing up strong is quite consistent with the idea that the consumer is continuing to be ngaged in this economy. >> reporter: even though shoppers spent more this year, they still kept budgets tight. >> inflation is still pretty high, i find. >> prices have gone up, so you know, definitely depends how much you want to get. >> reporter: retailers fighting for consumer dollars offered the best discounts in months. and with cyber monday coming up, signs that the deals could continue as a strong consumer continues to prop

cooperation with the police, the administration, and bring about dissolution must and brotherhood. re, mastercard this a question of corpses? button babies, ads are gone. you should be shamed. well to nice demonstration here in jerusalem is reminiscent in tulsa 9 from dallas back in march 2023. when the attorney office 1st attempted to dismiss gallons back, the defense minister had more incense. the government's proposed traditional reforms were compromising national security, sparking massive prototypes eventually forest antonia, which are within see to and many on now calling to non gathering the knights of balance to as protest. her as here demand as hers tend stability. and the time hong kong select to take this conversation about that here on out to your coaching live now to a palestinian american john list, an editor of the palestine chronicle. there is a ramsey, but who with not joining us. there are now 2 international ramsey. very well, welcome to and good evening to you as well live in washington dc. what, what a busy day for those in washington and the rest of the united states as well

as a mastercard syndicate, these presidencies, as they will soon be no french soldiers in the country. historically, france and slaves colonized in state here. obviously, i think that when you reverse the roles a little, you will have a hard time conceding that another army, china, russia, senegal, or any other country, could have a military base in france. and with that, it seems like a loss of cynical with mean and loss of powerful france and we staff for continue to look things child has joined us a whole countries including the shape between the faucet and monte ending security and defense partnerships with the a former bosses' vision for to to chad has long been regarded as the fonts has number one ally in the region. it's intact with the headquarters of operation. and frances largest external military operation will say top with more than 5000 to the hospital stack deployment. it is also in chad with the c'mon center for french forces in the so how is based and right now chad is liberating, saw from the clutches of friends ending the defense cooperation, which had offered since

off to mass of the mass and say slice the events with the 9 go making a direct comparison to the mastercard. choosing the small century how to send you and rights act as your price always says, the media tried everything to victimize, those is very fun. it is not only to mail funds to them, like there was a one in white font. i thought it is, but a seniors and i guess of football this and fell into a slate of hostile them. and then the nodes are based on media interest and product issues. and there is a completely distorted this talks about the fact of all these events. it is, and it is not like doesn't where they don't know where it's coming from. respondents with diamond programs or events holmes at all in time. so don't say many didn't many activities the minutes, many during that visit with the photo and bring the thoughts on the go. so it'll be 10 clear often or show times that it was only made awful for. so in order to add these thoughts, as i said, the present se, verified, as i said e as in 315, so frankly send me because that was all. but is this how we will be back at the top of t

cooperation with the police to administration and bring about dissolution must and brotherhood . re, mastercard, this a question of corpses. button babies, ads are gone. you should be shamed. well to nice demonstration here in jerusalem is reminiscent in tulsa 9 to dallas back in march 2023 when the attorney office 1st attempt to dismiss gallons. in fact, the defense minister had more incense, the government's proposed traditional reforms were compromising national security, sparking massive prototypes, but eventually forced antonia within cedar. in many i now calling to non scattering the 9th of balance to as protest her as here demand as hers. hence, the military and the time of conflict and continuing with us election coverage is being an election year with so many twists on surprises. the social media stuff squirrel has been embroiled in a scandal that could even impact the votes. pay not was use the nice to buy new york state, causing a furious online reaction, but even take times and they don't last good thing that americans both follow the road and trumps. running made state yvonne's has

with colonial denial rod labeling the 944 kidding with west african soldiers by french on me as a mastercard. so they've got these presidencies that they will soon be no french soldiers in the country. historically, france in slave colonized and state here. obviously, i think that when you reverse the roles a little, you will have a hard time conceding that, another army, china, russia, senegal, or any other country, could have a military base in france. and with that, it seems like a loss of cynical with mean and loss of powerful france and we staff for contractual fees. tad has joined at the sell countries, including the shape between the faucet and monte ending security and defense partnerships with a former colored no. most is very important to the chad has long been regarded as the fonts has number one ally in the region. it's intact with the headquarters of operation and frances largest. ringback external military operation will say top with more than 5000 teams from the hospital stack deployment. there's also ins had with you c'mon, center for french forces in the so how is based and

the 1944 killing of west african soldiers by fridge on me as a mastercard. so they're going to use presidencies, that they will soon be no french soldiers in the country. it seems like the letter from a chronic mixing this has attributed the long standing feud or dislike of the president has towards the former colonizer because his 1st speech during the cynical evictions gave more than hating football upcoming factories. victory was always considered as seen as anti wasting space should be and to colonial this movement and just listen to some of his current statements right now. historically, france in slave colonized and state here. obviously, i think that when you reverse the roles a little, you will have a hard time conceding that, another army, china, russia, senegal, or any other country, could have a military base in france. and with that, it seems like a loss of cynical with mean and lots of powerful fronts. and we staff for contractual fees indeed. and so, you know, gosh, cross is really losing out these days. you know, it's, it's, it's losing out on

1982 war people like samuel jazz and others who were involved in that stop running shots in the mastercard, showing 3500 palestinians and 70. she has these people were conspiring with western embassies against them. so they have to watch their back, they have that difficulty, but they want a powerful force in the south. god say some is, is very different even though come us in this time, extra hot. i mean, we are here. all right, but we've seen what's happened to them over the last 14 months. and i don't think that in the united states has an any incentive to help the people guys or they couldn't care less about. uh, i do think that the only thing that could be an incentive for buying them is what i said has perhaps, perhaps, and his team of personal dislike formatting. yahoo! and in the case of talk, she's incentive, is that he wants a clean slate because he has a key to a key objectives given the united states. one is to view of what the, what the deep state, the f, b i, the c i a and all those people who are against them. and of course, the economic issue, which is approaching crisis po

the issue on american express is really that i was in prone to visa and mastercard and i learn that had all out warren buffett said if you're right 70% of the time in the realm of endeavor, in which i operate, in the long term you become a living legend and better get used to being wrong 30% of the time and you'll get hit a lot. it's a little like boxing, if you can't take a hit and keep going, a lot of types i will be wrong. liz: doing well for the portfolio. ken, thank you so much. >> thanks for having me, liz. liz: folk, right out of washington dc and president elect trump will nominate florida senator marco rubio marco rubio for secretary of state. rubio just posted on x "under the leadership of president trump, we will deliver peace through strength and always put the interests of americans and america above all else. as secretary of state, i'll work every day to carry out foreign policy agenda. marco rubio has officially been nominated as secretary of state. trump is expected to land right now in palm beach, and then we'll head back to mar-a-lago after a busy day in washington dc.

>> mastercard, and this has been $500 billion company. michael miebach a remarkable job.ck is from atlanta. so the question is -- >> i was going to say, that's interesting, that photo. >> wow. >> really changed his look. >> yeah. to probably changed his name, too. >> witness protection. >> what's going on there? >> i had a wrap -- chuck is bijan robinson or kirk cousins. i think he is a bijan. >> your monthly meeting. >> tomorrow. we will say which of our portfolio stocks do best under trump and which ones do worse. there are some surprises on the list. i urge everybody to join the meeting tomorrow at 12. i think it will be worthwhile. >> look forward to that, jim. >> i was going to do rocket lab, like rocketman. homel holy cow. let's see chuck again. >> who is that? >> the appointments to the ftc, doj. that's a little while. that will be interesting to watch as well. >> i don't know. >> if j.d. vance has a lot of influence there, could change the tenor of this discussion about a wave of m&a. >> yeah if you read "hillbilly elegy," the big m&a deal with, you know, with --

what we are finding in the companies we work with, whether it is mastercard and others, is that when have the clearly defined guardrails, employees are much more excited to use these technologies at scale comes with governance, what we will see is much more excited as well as use of artificial intelligence and transformation within organizations. caroline: do you think any of that regulatory governance, outlook, and desires will change under the next administration in the u.s.? navrina: you know, one of the exciting things is ai is actually central and court to the strategy and respective of the administration -- not respective of the administration. we are looking at it more holistically, so more to come at that -- with that but there is excitement on how you use ai for transforming government as well as making sure the united states competitiveness in the world continues to stay at the forefront. caroline: navrina singh, credo ai ceo, on the new partnership with microsoft. coming up, a new compliance plan and auditors -- on auditors sent micro share is soaring. this is "bloomberg t

private sector most recently serving as an chief legal officr and head of global public policy for mastercard. he is a former partner at the law firm of the former vice chairman of the asia group of global consulting firm in his prior board service corporate board of directors. he is also a veteran of the u.s. airhe force recipient of numeros military and civilian decorations including the meritorious service medal of the state department's distinguished service award. he served on numerous boards including the president's intelligence advisory board, thr weapons of masss destruction and terrorism commission, secretary of state foreign affairs policy board. is also served on nonprofit boards and clean the ford foundation, lehigh university the national endowment for democracy. as a senior fellow at harvard university's center for science and international affairs. he holds multiple academic degrees include a doctorate from the university that starts with george, not this one, georgetown university held the law degree from american university. i will think you'll hear his deep understanding gl

according to mastercard, americans at 153% above 2019 levels.ig jumps from canadians and australians and singaporeans and kiwis. this also costing that coveted threshold. those coming from europe tend to plan longer trips. they spend more on accommodations and food. those from europe, prioritize shopping. if we look here, chinese officials are expecting 35 million people to arrive this year. that would be a new record. the country not stopping there. it's hoping to see 60 million people arrive by 2030. we spoke this morning to the ceo of jtb the japan tourism board, and asked are you prepared. he said we are prepared for welcoming 60 million people from the world. compared with other countries, japan is still lacking visitors. back to you, silvia. >> thank you for the update, mo monica. >>> coming up on the show, german chancellor olof scholz signaling he made be ready for a nfence vote sooner rather than later. we'll bring you the latest after this break. >>> welcome to "street signs," everyone. i'm silvia amaro. here are your headlines. u.s. f

mastercard also seemed very active levels. italy also accelerated far beyond.europe. 750 million that had been left behind since wall street. many see them as a nonentity but i heard this from the incredible from the largest banks in europe. and that was mentioned positively by other people. and they are only seeing strength all around the southern rim of europe. this same country that were collapsing within one decade are now doing great. portugal, ireland, italy, greece, spain. and when they were borderline bankrupt but now they are leaders. now we have the european and amazon. they have been losing money for ages. but finally made $1 million in the most recent quarter. $1 billion. it is not going to stop an amazon is going to be make them make more money than $1 billion profit. apple also picked up an extra million dollars last quarter. something that no analyst saw coming. burberry is in a positive restructure and also even a semi conductor capital company from the netherlands stood by its forecast. yet, nobody is paying attention because wall street gave u

competition in the credit card market representatives from visa and mastercard testify on their profit criticized by lawmakers for the perceived unwillingness to negotiate lower interchange fees with small businesses as they do for larger retailers. from the senate judiciary committee this is just under two hours.

visa, mastercard, i'm sorry, visa, caterpillar and walmart. new highs across-the-board.l ahead the polls got it wrong, not one predicted a trump landslide. we'll ask gop pollster mitchell brown what they missed. this election is a sign of political realignment in the country. the gop, the party of the working class now days, the democrats are for the elites. liz peek dying to get her hands-on that. the markets are soaring on the election news. charles payne will tell us how to play it. and democrats, they're questioning whether anointing harris was a smart move. tammy bruce will take that on, she's here and in the studio, eager to get on the set, and say her piece of mind. [laughter] ♪ ..

trump tries to get rid of some of the biden- era protections, we should be calling out visa and mastercard. when people start to see, why are my bank withdrawal fees going up? we should be willing to call out wall street and point out who the real villains are, so that trump's attacks on things like immigrants start to be shown as really just distractions and divisiveness. democrats should be willing to call out the real villains in the system. >> i you're going down this road right now in this discussion, but one of the things you said as you were welcoming the new members of the congressional caucus that won, you praised them, because you said, they're not bringing a policy book to a gunfight. what do you really mean by that? what should they bring to this fight? >> yeah. when you look at the democratic party platform versus the republican party platform, basically anybody can see who is trying to help working class and working families more than anybody else. it's clearly within the democratic policy platform. so, in this election, democrats are soul searching and saying, why is it that

if you look at visa and mastercard, who are a barometer for the overall u.s.ayments market, they're growing around 6% on total volumes. there's clearly a share story here for buy now, pay later. >> let's make this very actionable, very quickly. you like square global payments, correct me if i'm wrong here, fiserv. why do you like these three? what kind of upside do you and see in what period of time? >> i'll start with square, now known as block, hard for us to get used to, but that's the new name of the company. they have an attractive two-sided network. direct relationships with consumers in the form of both their cash app business as well as their buy now pay later business, which was afterpay, that they acquired a few years ago. and then they have relationships with u.s. small businesses, with merchants. that's their seller business. we think that there's optionality here for volume growth to start reaccelerating, incrementally in the fourth quarter of this year and perhaps to a greater extent in 2025. global payments is a bit of a turnaround story of sort