minister alexander novak was more optimistic about the global outlook than his saudi counterpart mr market is not can't fully recovered but we're now in a much better shape and state of the market than we were just a few months ago. but he stressed that it was difficult to know how the coronavirus might spread and that the long term economic consequences were difficult to calculate the decision not to boost output soar crude oil prices rise rapidly. or the european commission is likely to bring antitrust charges against apple that's according to sources quoted by reuters and several other media outlets brussels is set to target apple's payment system its e-book service and in particular the company's treatment of music streaming service spotify and its app store potential charges add to a growing backlash against the fees that apple as well as competitor google charge outside developers for using their app stores charges could come as early as this month. let's bring in a french or spawn it in frankfurt chelsea to lady good morning chelsea so what exactly does the eve believe that apple's

with disney plus no warning that the muppet show has negative stereotypes and taking flack for marketing mr. and mr. potato head under the gentle gender-neutral potato head. some critics have also faulted the curious george books with the promise of a white man bringing home a monkey from africa. shannon. >> shannon: howard kurtz, thank you. how democrats want to change voting laws, critics say if you are happy without the 2020 election handled, you're going to love the new bill. our panel, they are debating it, next. re freely with powerful claritin-d. claritin-d improves nasal airflow two times more than the leading allergy spray at hour one. [ deep inhale ] claritin-d. get more airflow. ♪ limu emu & doug ♪ hey limu! [ squawks ] how great is it that we get to tell everybody how liberty mutual customizes your car insurance so you only pay for what you need? i mean it... oh, sorry... [ laughter ] woops! [ laughter ] good evening! meow! nope. oh... what? i'm an emu! ah ha ha. no, buddy! buddy, it's a filter! only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ ordinary tissues

gold company because the market say's they calling beyond anyone's individual opinion the market mr market says is equivalent or better than gold as an inflation hedge as paul tudor jones has said it's the fastest horse in the race is this a problem relations problem for the gold mining industry that they that they don't seem to be able to get their message through i can understand it and if all you know is gold mining and go production and that's it and then selling this this new you know player on the block comes along and steals your luster i can understand that reaction definitely gold has lost friends to coing in the inflation credential area absolutely but because of his very own test it and make it out you hasn't had any major major market cycle really yes hasn't been tested it's not widely known widely used it has a number of fundamental problems to us that can be replaced by other better versions i wrote an article recently comparing it going to the model t. you know it's it was a fantastic technology at the time it was eventually overtaken by other better foster. rivals and i do

. >> what do you mean by two-sided markets? mr.korup: supreme court case a few years ago called the amex case, a credit card case brought by merchants of american express against american express, because of the fees that credit card companies charge merchants. the supreme court said in that case that a plaintiff or antitrust officials cannot just look at whether one side of the market in the so called two-sided markets are harmed. so credit cards, you have consumers, credit card users on one side, and merchants and stores on the others. you cannot just show harm and one side, you have to look at the other side to see if there are counterbalancing benefits. in technology markets, you have these two-sided markets. google search, for instance. consumers who use the product for free, and it is funded by advertisements on the others. this is common in technology markets, and it poses new challenges, new types of analysis for antitrust enforcers that have only just begun. this was the recent supreme court case, the amex case, and academ

mr. market was expecting him to let it run hotter. how will powell deal with the recovery? >> i don't read the comments in that respect. his tone has not changed much over the last three to four weeks, economic growth is accelerating, there's time to go. and his comments were echoed by the brain trust in washington in very similarly toned comments. i think the federal reserve's policy for the short term is actually not a lot of what's driving the fixed income markets , but rather rebalancing. we get a fair amount of rebalancing out of the fixed income into equities throughout 2020. some of that comes out in 2021. >> one more question, i saw an interesting story on the bloomberg, jamie dimon saying they would be less likely to take institutional deposits. there's also been talk about banks being less likely to lend certain assets ahead of the slr expiry or exemption expiry. what do you think that will show us in the markets? >> speaking above bogeyman's the slr extension and the choice by the federal reserve not to extend it is something of a billion men. in reality, the sup

mr. market and he liked rising stock prices.mp said he wanted $2,000 to go to people who are in need. so yes, we are facing a very expensive stimulus package but to say this is all about the democrats, it's not. and remember, we're in an emergency. that's when you need to spend. they still don't have any republican votes, but you're absolutely right. stephanie ruhle, thank you very much. that does it for this edition of "andrea mitchell reports," chuck todd is up next with "mtp daily" right here on msnbc. on. what's your buick's wi-fi password? buickenvision2021. oh, you should pick something stronger. that's really predictable. that's a really tight spot. don't worry. i used to hate parallel parking. (all together) me too. hey! you really outdid yourself. yes, we did. the all-new buick envision. an suv built around you... all of you. as carla wonders if she can retire sooner, she'll revisit her plan with fidelity. and with a scenario that makes it a possibility, she'll enjoy her dream right now. that's the planning effect, from

mr. market or do we rely on the fed, that is the big question as we move forward. liz: yeah. hey, gang, can we start showing some intradays of the s&p and the nasdaq? i do want our investors, as larry joins this conversation, to start to see exactly what's going on here. very choppy trading right now. as we look at the dow, which is still in the green, it's the s&p which has had quite an interesting move so far. it's all red, and now just a few minutes ago we were at the lows of the session, same with the nasdaq. harry, what's going on? what's -- larry, what's going on? what's wrong or right if you're a bear? >> yeah, stocks or even bonds, the prices have changed more than the facts. i think people are watching prices and waiting for the facts, and this selloff in the market eventually will need confirmation from the real economy. the fact of the matter is people are looking at the bond market as a bellwether for the stock market. but real yields have gone higher, break-even yields have been unchanged. so really this back up in yields is really about growth, and that's what's

mr. market loves stimulus. up 600 points for much of the day apparently triggered by senate passage of the alleged covid stimulus package. there might be some relief from previously restricted covid guidelines in the stock market rally from the cdc also but that is a maybe. we'll talk later assistant health secretary bret giroir who will

not go away and really hurts the economies and developing markets much more than the developed markets? mrs: yes, and there are many aspects of that. one is simply having global growth slow really for poor people because they are dependent on trying to catch up, on getting advancement. also, remittances have been down. that's the money sent back home outside borders, and that has gone down a lot, so that is a big blow to the developing world, and then new investment simply has been much slower. one thing the world bank has tried to do is supply -- and i pushed in april of 2020 that we wanted to be in working capital and trade finance. this is the short end of what companies need in order to keep their private sector companies and businesses operating and because the banking system has really reduced its offerings in these poorer countries, so we have been successful in that a big ramp up of working capital and trade finance, and i think that has helped in trying to build resilience, but i am concerned, as you say, that it could be another slow or harmful year, and especially that is true o

market. >> thank you marko mr. chief global market strategietic guy what do you think of the position for inflation and inflation airy environment. >> he believes it will come back in new, all-time highs he's been great. i'm with him on inflation. not on yields. i think yields will continue to grind higher the federal reserve painted itself into a extraordinary difficult corner yesterday and the bond market will continue to test them and i think we will see two percent in the ten-year in the near future and works for the bank despite the run, the cyclicals will add moves in some of these cyclical names. john deere, deer and company, last year was $135 close to $380 today, parabolic move for that company. a lot of this is baked into the cake i still say with financials, with resources, something you have to watch, the russ will let us opt to the upside, down 3% today. iwm is another thing to have on your radar screen. >> coming up, we're all over the action on nike and fedex, nike call under way, fedex call about to

that, and i've been doing it ever since. >> sally hubbard, what is the open markets institute and when did you create it? mr. skorup: the open -- ms. hubbard: the open markets institute is a nonprofit ink tank that is working on solutions for america's monopoly problem. i joined, it was created by someone else and i joined a couple of years ago. before that, i was an enforcer at the new york state ag's office and forcing the antitrust laws under three different administrations. i was also an investigative journalist digging into monopolization by the big tech platforms for years. my background and antitrust goes way back through the microsoft today is where i was learning about in law school. this is a topic that i have been working on my whole career, and it is fun to see it now in the news and getting the attention it deserves. >> speaking of the news, representative dave seuss illini of rhode island -- dave cuc cillini of rhode island said recently on cnn, two thirds of americans get their news from facebook and google. these two platforms control digital advertising online. we are seeing real newspapers

markets. trading electrons has greater responsibility. thank you, mr. chairman. i'd be pleased to answer any questions that you or the committee may have. >> thank you, mr. gabriel. now we'll have the honorable pat wood. pat? >> thank you. thank you, chairman manchin. there you go. >> all right, sorry about that. it's been a few years since i've been here and i don't remember how to do it. senator heinrich. i'm the b team. since you all have saw me last and 16 years ago as i testified on the energy policy act of 2005 as chairman of ferc in support of the nerc's formalization and the formal role that nerc and ferc would have over the continental u.s., i have been involved in a lot of things that bear on what we talk about today, so i'm happy to share any perspective with the committee during any questions. i have been a wind developer and chairman of a company that had coal and gas operations throughout the country, dynegy. sun power and remained on that board, which is one of the top three solar companies in the united states. also on the board of quanta services

markets function better. so if you are confirmed, mr. , will you commit to picking up those tools and using them to make the markets more honest and more transparent? >> senator, if confirmed, i look forward to looking at all of the authorities, not just this one, but all of the authorities to help protect investors, promote the capital formation and the efficient markets that we talked about. and this is an important authority that was vested in the agency and looking at the economic analysis, working with fellow commissioners. i think we should look at all of the authorities. >> well, i appreciate that. and i -- congress has given the tools to the s.e.c. we just need the s.e.c. to pick up these tools and use them. the s.e.c. has been asleep on the job for long enough. it's time for the commission to get up off its behind and protect investors and consumers. and i expect to see progress on all of these areas under your leadership. so thank you for being here and thank you for your willingness to serve. thank you, mr. chairman. >> thank y

market? what role does that play or influence should have in how we view the will of reasons application in this circumstance? mr. kessler: i believe it has a great deal with it because what it means is, unlike any other venture, we have a complete control over the market. so there's no way for competition to show if the ncaa's ever shifting decisions on what constitutes pay for play is procompetitive or not. it can just impose its will and under rule of reason, we balance things together. ultimately, it is a balancing analysis. the greater the market power, collectively, this is not a single firm case, the collective market power in this labor market, i do believe that justifies at least the application of the traditional rule of reason, which is all that was applied here, and in particular, i think footnote six of american needle, i'm sorry, footnote seven of american needle directly addresses this when the nfl said we have to define our product as nfl football. and the court said of course you have to define your product as nfl football, but that does not entitle you not to be subject to the normal rule of re

mr. simms: it certainly has. and obviously varies by market and the different communities and their impacts, but it certainly has. i think we have seen everything from what i call a traditional delay -- so, the campus may be locked down for a period of time when contractors could not get onto the campus to complete some of the work. there have been other cases where there may have been supply concerns of being able to get that. or labor concerns in some areas, to be able to support the projects out there. it is not necessarily the delay on the v.a. side of being able to execute the contracts, but completing the work has been a challenge in some areas. in others, it hasn't. there certainly are areas where covid has an impact on our ability to execute. >> thank you, madam chair. i yield back. thank you. madam chair, i yield back. >> thank you. next, mr. chris, you are recognized for five minutes. >> madam chair, i really appreciate you holding this hearing today. i think something you said at the outset bears repeating. >> something you said at

and hasbro is taking flack for marketing mr. and mrs.der the gender-neutral label potato head. is it fair to impose this birds bulimic standards on awoke culture of artists of earlier generations? they have also faulted the curious george books with a white man bringing home a monkey from africa. >> bret: loved "curious george." how we, thanks. the director of the fbi is defending the borough's handling of intelligence about the prospect of violence on the day of the capitol riots. reese spoke to senators today about who was and was not responsible for the uprising. >> i was appalled that you, our countries handlers were right here in the use and very that attack, that siege was criminal behavior plain and simple and is behavior that we, the fbi of u.s. domestic terrorism. >> you did not see in antifa or anywhere playing a significant role in the january 6th infraction? >> certainly while we are equal opportunity and looking for violent extremism of any ideology, we have not to date seen any evidence of anarchists or violent extremists o

do you see anything in the markets that the fed will have to address? mr.kin: by focus on the fundamentals. you talk about price pressure, we will see that on the short term. nothing least of which we are rounding over the next few months that were deflationary last year. the 12 month numbers will look a little higher than normal. but inflation is a longer-term phenomenon. edits -- at its core, it relates to people expect prices to be. i'm not hearing a sense of overwhelming desire or intent to be escalating prices beyond normal levels. i think we will see some pressure, but i do expect the medium and long-term for it to be moderate. anna: that was richmond fed president thomas barkan speaking to bloomberg's michael mckee. not live, of course put but a very interesting conversation. the fixed income strategist at saxo bank is here. really good to speak to you. having a fixed income strategist is always very welcome but this week is very important given what we have seen. i wonder how untroubled you think the fed is by what we've seen in fixed income markets

beaten to death by two white men, laid-off auto workers angry at the asian dominance of the auto market. mre was out with friends celebrating an upcoming wedding. the punishment for his killers? three years probation and a $3,000 fine. the death sparked outrage, motivating a generation of asian-american activists. joining us is the chair of the department of comparative race and ethnic studies at texas university and msnbc's richard lui. his new book is out this week, "enough about me: the unexpected power of selflessness." i would like to start with the impact that vincent chin's murder had both as part of the larger asian-american rights movement, professor, and also, richard, on you personally, you, your family, how that -- what the individual impact was of that. let me start with you, richard, and then go to the professor. >> joshua, one of the items when it comes to vincent chin is, he was widely unknown for my generation and then generations after that. and he really is the tent pole i think for asian-americans in understanding who they might be. when we look at vincent chin, and you

mr. barry lynn, director of the open markets >> mr. lynn spent 15 years at the new america foundation researching and writing about monopoly power before that he was executive editor of global business magazine. he has authored numerous articles and several books on the damaging effects of concentrationn of political and economic power including most recently liberty from all masters, the new american versus the will of the people our fourth witness will be mr. yon counsel at the law firm of fresh fields where he focuses on antitrust law. he represents clients related to u.s. merger control joint ventures and antitrust litigation he previously served as an attorney to former commissioner joshua wright of the ftc and in addition he's an professor and w senior fellow at the global aipght trust institute at the g scalia law school at george mason university teaches courses on antitrust law h and economic hes an active member of the antitrust section. our fifth witness who will be with us from professor nancy rose, she is a professor of ap

>> it's happening very fast and i think this is the bond market saying you don't know what you're doing jay powell. let me tell you something, mr. bond market. you're going to be dead wrong. i've been going over all of the commodities that powell talked about when he said list be it's going to be transitory, he will be right about every single one of them with the exception of copper, because e.v. batteries require so much copper and he doesn't want to be linked like yellen was in 2015 where she saw commodity prices going up and misinterpreted that as strength in the economy, and the jobless claims, verifying what powell is doing, i'm telling you, david, this is about a guy who doesn't want to make the same mistake that they made in '15-'16. he doesn't want to let the commodity market bully him into doing something that could be short term and wrong. >> what about the bond market bullying him >> he's not going to let it happen. >> it's happening, whether or not he wants it to happen or not. the bond market is making its own decision about inflation right now. >> i'm saying he won't let the short rates going higher and the mortg

mr. barry lynn, director of the open markets institute. try our to his position as director of the open marks institute he spent 15 years at the new america foundation. researching and writing about monopoly power. before that he was executive editor of global business magazine. he has authored numerous articles and several books on the damaging effects of concentration of political and economic power including most recently liberty from all masters, the new american autocracy versus the will of the people. our fourth witnesses will be mr. jan rybnicek, counsel at the law firm of freshfields bruckhaus deriinger where he focuses on antitrust law. jan rybnicek represents clients with her to u.s. merger control, joint ventures and antitrust litigation. he previously served as an attorney advisor to former commissioner joshua wright of the ftc. in addition he is an adjunct professor and senior fellow at the global at that trust institute at the scalia law school at george mason university where he teaches courses on antitrust law and economics

mr. simms, is the v.a. on track to complete all of the market assessment prior to the calendar year 2022 when the asset infrastructure review commission is set to review them? mr. simms: yes. the precursor to that of completing market assessments on the market level so the more regionalized assessments will roll up into the national plan with the overlay of how you may leverage telehealth to deliver care from one market to another market that may not have some of those health care resources. that is that overlay at the national level that will be the process next step. the goal is that we will have all of that in place. we have published in the federal register the criteria on how recommendations will be evaluated and put forward to that commission. it is out there for public comment right now. we are tracking against the dates and requirements at this point. rep. lee: great, you just answered my next question which was about the criteria. we will take a look at the register. i guess my third question along these lines is, from the establishment of needs, what is the timeframe that you can project from establishment

today we have learned of two more attacks on asian-americans on market street four blocks down from mr. chang's attack. a security guard was able to chase down a suspect. of course, more with my interview with mr. chang at 6:00. >> it is hard to keep track of all this. it is not just attacks because of hate crimes but also the violence that we're seeing on the streets of san francisco. thank you. >>> we are not stopping until things get better. we will continue to track all the developments with attacks on the asian community. more details on the san francisco community. >>> lots of people excited to be out and about. >> on a scale of 1 to 10, 12. >> saint patrick's day is one of the first times you feel seminormal again to be out and just among people. >> the only bay area county to be in the orange tier. that means bars along with wineries, breweries, gyms can open indoors at 25% capacity. san francisco could move into the orange next week if covid case numbers stay low. >>> it's becoming reality, kids getting the covid vaccine. today a glimpse into the future. dr. anthony fauci test

mr. chilson, and a recent article for probe market, you wrote, what is missing in the house antitrust report. you said the report is 449 pages , which contained recommendations for reform, and you go on to write talking about the house democrats, they disapprove of large companies, the house judiciary staff does not explain why big tech practices described are or should be illegal. what does that mean? >> the house report has a lot of stories. it is good at collecting a lot of interesting tales about how the company has made decisions, what the downstream effects of those were, but there is hardly any legal analysis of when those types of practices -- if those practices violated the law. the reader is left with the impression that all of these things are really bad, but we are not told why they were illegal. in particular, things around facebook's acquisition of instagram. the report talks a lot about that acquisition, but does not explain what the legal standard be that would make that illegal. -- standard would be that would make that illegal. it is very much a narrative piece, it is not a