senator warren from massachusetts is recognized. senator warren: thank you, mr. chairman. since president biden took office we have added more than $-- $6.4 million jobs, the most jobs added to the economy in u.s. history. over the past few months families have faced higher prices at the grocery store, gas pump. addressing inflation is one of the federal reserve's most important jobs. if we are going to solve this problem then we need to understand why it's happening. if we can, let's start with econ101. chair powell in markets with lots of competitors, are companies profit margins generally likely to stay low? that is in competitive markets are profit margins likely to stay steady, largely above the cost of labor or materials and capital? chairman powell: microeconomics will tell you all things equal, you'll compete down to your marginal cost. senator warren: in markets with greater concentration and not much competition, are corporations generally able to raise prices and increase profit margins all else being equal? chairman powell: the connection between concentration

my guest is senator elizabeth warren!e back, i tell you everything i know about modern romance. ( cheers and applause ) ( band playing ) a jelly bean that's good for you? nature's bounty introduces new jelly bean vitamins. good-for-you nutrients in a tastier for you form. more sweet dreams. more flavorful immune support. new nature's bounty jelly beans. live bountifully. ( cheers and applause ) ( band playing ) >> stephen: jon batiste and "stay human." hello, my friends. hello, jon. ( jon singing ) ( cheers and applause ) >> stephen: how you doing, jon? >> jon: i'm good. i'm optimistic. >> stephen: you're optimistic? >> jon: i'm optimistic. >> stephen: i really like that. give me a hit of that optimism. >> jon: you've got to stay optimistic because when you're in the valley of the shadow of death, i will fear no evil, baby. >> stephen: for thy rod and staff, they comfort me. there you go. we have an optimist on the show tonight. senator elizabeth warren is here tonight. ( cheers and applause ) optimists, that's what i'm s

senator warren: thank you. after decades of ignoring this problem it's time for congress to make reforms to s.s.i. right now i'm working with senators brown and sanders to pass the s.s.i. restoration act which would include raising the s.s.i. benefit rate and it would also revise a lot of these outdated rules that effectively serve as barriers to saving, barriers to financial independence, barriers to getting married. it would raise s.s.i. asset levels, to raise the earned income disregard would be a significant down payment on economic justice for s.s.i. recipients. and one more reason to pass build back better. s.s.i.'s original goal was to ensure that no elderly or disabled american would be forced to subsist on below poverty level income. and yet that is exactly what this law has turned into. we can and we must change the law so that it fulfills its original goals. so thank you very much, mr. chairman, thank you for this hearing and thank you very much to our witnesses. senator casey: thank you, senator war

warren: good. . and in markets with greater concentration and not much competition, or corporations generally able to raise prices and increase profit margins, all else being equal? chair powell: the connection between concentration and market power is not as clean as we might think it might be. in some of the industries that have concentrated, there actually has been lower cost increases that has resulted in lower cost to consumers. i am thinking retail and things like that, so it is not as direct. sen. warren: let me ask you the other way, then. if you are a corporation that has enough most of the competition and cornered the market, is it easier for you to raise prices on your customers and maximize your profits because you don't have to worry about losing your business? in other words, you have lost the discipline that the market imposes? chair powell: inference a bowl, yes, you can raise your prices -- in principle, yes, you can raise your prices. sen. warren: we know that prices have risen beca

thank you, chair warren. if i could, i'd just add one question for the record so as not to take up too much time, but one of the things we hear in the finance committee a lot, our chairman has joined us, chairman wyden and he's very active on this subject, if we make big american companies pay a fair share in taxes, that will make them anti-uncompetitive against foreign big companies, and that's the argument our republican friends always make. what they ignore is that when big american companies don't pay a fair tax burden, that gives them competitive advantage over smaller american companies. and obviously, that plays out in this tech world because you have apple and google, who have come up with, what do they call them, the double irish and the dutch sandwich and all of the peculiar tax tricks to avoid paying their fair share. i'd be interested in your view in writing, because my time expired, how that have competitive disadvantage against them and competitive advantage in the u.s. and to what extent that l

and then the elizabeth warren and congress filled it with water. you know, liquidity is 0 percent money and all those broken toys floated to the surface until the bond market and inflation starts to rear its ugly head. that's like pulling the stopper on the tub. now, all the water is draining out and all the investors are looking and saying, you know what all i see are broken toys. why would i put any money to any of this garbage? well, guess what? they're not going to, you know, you mentioned congress and that is part of, you know, we had mentioned the likes of bernie made off the sort of ponzi schemes that were illegal and set out with the intent to defraud is that kind of congress and the fed have engaged in that in terms of the ponzi economics of the entire stock market and the property markets. it's kind of a ponzi scheme is that they're pushing all this money with the intent of causing the asset prices to increase to make everybody feel good. and so that they spend more and they vote more and they vote for their party. and so there is that be

>> thank you, senator warren.i want to thank you and senator cassidy for getting into these issues. senator cassidy just mentioned the monitoring car is a computer own wheels. i have been investigating for years as chairman of this committee the sleazy unregulated world of these data brokers, and several instances, we blew the whistle on government agencies that were too eager consumers for this information and we pushed apple and google to get some of this sleaziest data brokers out of their stores and out of their businesses, and i'm glad we are making progress. we have a lot more to do. i want to start with you, mr. sherman. we made an important point with respect on how foreign governments can acquire american data to run disinformation campaigns, identify undercover government personnel, blackmail government employees, and i have been working on legislation for sometime now to deal with this threat, the bill will be introduced shortly. my first question to you, mister chairman, do you agree congress should en

thank you, chair warren. if i could, i would just add one question for the record, so as not to take up too much time. but one of the things that we hear in the finance committee a lot, our chairman has joined, us chairman widen and he's active on the subject, is that if we make big american companies pay a fair share in taxes, that will make them anti-uncompetitive against foreign big companies and that is the argument our republican friends always make. what they ignore is that when big american companies don't pay a fair tax burden, that gives them competitive advantage over a smaller american companies. and obviously that plays out in this tech world because you have apple, and google who have come up with -- what do they call them, the double irish and the dutch sandwich and peculiar tax cricks that they use to avoid paying their fair share and i'm interested in your views no writing and not now because my time is expired in thousand that created competitive disadvantage with potential contenders against

you mentioned elizabeth warren as opposition. her dangerous comments from a few months ago. i am curious that if we do get a stronger pfister and we do get the three vacancies -- a stronger vice chair and the three vacancies, we might see the people are more stringent in their approach to financial markets. with that because powell to push back -- would that cause powell to push back? >> he tends to defer quite a bit. that is not to say that there is not an issue that will come up sometimes, where he will disagree vehemently. as you know, he voted against powell in the majority on any number of regulatory issues with ricoh appointments to the fed -- with three new appointments to the fed. powell may find himself on the minority side. he may choose an issue to speak upon and make it known that he does not like it. i would not expect that to be a common event. i do not think we should rule it out. sonali: going back to some of the trading restrictions that may start to occur among officials at the fed, what kind of rules do you see moving forward, or kind of questions do you e

what do you say to warren? >> he is preuss -- proof positive it is possible you can outperform the broad market. more importantly in our world we believe in the efficient market theory and the inefficiency is in areas overlooked, misunderstood. people do not follow it very well. so, the smaller companies tend to be less widely followed. you also see inefficiency in international markets where we work and live, at ariel. we think we can exploit those inefficiencies in those areas. that is where we would respectively disagree with warren buffett. >> david rubenstein peer-to-peer conversations is sponsored by wells fargo, helping clients use profits for a purpose in the communities we serve. david: i want to talk about starbucks. you have been on the board for how long? >> since 2006. david: do you go to starbucks every day? do you have to wait in line like everybody else? >> yes. that is important to see how everything is working. how long it takes, what is happening in the store. david: when you walk into any st

what we thought was a sitting senator, a very powerful sen. elizabeth warren used facebook, facebook where she is trying to regulate and say that, you know, basically a government oversight body should determine who, what citizen should be allowed to even place them at or post anything on facebook. she uses that to post them hate speech against elan moss, who she's angry with because he's worth something like $250000000000.00 more over the past 2 years because of all of her money printing. all the stimulus checks all the inflation that's cause is, is causing his well to go up. so the irony of elizabeth worn paying facebook to post hate speech here are 6 facebook ads that senator warren is running against. elan must calling elan a whining baby and scared the ad reads even mosque is whining like a baby to have millions of twitter followers. he must be scared because he knows what every other billionaire in america does and that he's been free loading off of working people and that i won't back down from a fight. will you chip in $10.00 to help warn democrats? pass a wealth tags, keep t

before the pandemic after war, elizabeth warren got involved. he's worth $300000000.00, is like, it's her fault that he's worth $300000000.00 and now she's angry. the same thing with happened with mexico. it's all the demand for these narcotics are from americans. the americans are the ones demanding it and the, they're the ones like, hey, we're going to come last year. people were going to come arrest your citizens for providing all of these drugs that americans are demanding. so, you know, where is the justice in that? i've no idea, i mean, elizabeth dorn says things and attacks, americans, entrepreneurs and ways that are unconscionably stupid. and i'm surprised that she has any political career whatsoever. but america seems to thrive on this kind of again, the alcohol in defense where we shoot people in the face. but we didn't, we claim we have no idea where the bullets came from. so elizabeth warren saying, we print money by the trillions and made a lot of billionaires hundreds of billions of dollars sensitive pandemic. and we have no idea w

like you, senator warren, i, too, am a capitalist. entrepreneurship. people should certainly watch their profits increase as their businesses increase. but when companies like amazon unfairly and unlawfully increase the prices on all of us, stifle competition and take advantage of consumers, the law must step in and say enough is enough. back in 2019, amazon was facing pressure from congress and regulators over anti-competitive behavior and we know the concerns around amazon and other big tech is as bipartisan as it gets. to put regulators at ease, amazon claimed it removed a particular clause in its agreement with third-party sellers that prohibited these third-party sellers from offering their goods for lower prices or on better terms in competing online marketplaces, including the third-party sellers own websites. again amazon claimed that it removed that particular clause. here's the spoiler alert. amazon deceived congress and consumers with its bait and switch of replacing the initial terms of the agreement with different titles and different word

at the same time, i take the warren buffett view.u are born in america, you won the birth lottery as he says, and america's promise remains very great. we have had a certain spirit this country that i think is in our dna, and if we can realize our best selves, which is what america was founded on, inclusion in terms of religion, people from all walks of life, all of these things, being a melting pot, if we can realize that, our future is endless. the question is if we will allow ourselves to realize that. ♪ david: some people would say you are on a lot of corporate boards and nonprofits, you have married a wealthy famous person named george lucas, the creator of star wars among other things. why do you need to be the co-ceo of ariel? why don't you do nonprofit boards, corporate boards? why do so want to do this? mellody: anyone who knows me knows that that does make sense for me, because my heart, my love is ariel. it is my first child. it is everything i thought of when i woke up. john started it, i'll think we compete for the love

. >> senator warren, good morning. thank you all for being here today and thank you for our witnesses for taking the time to testify. we agreed the bipartisan competition growth and privacy protection the technology sector, i will focus my time on the privacy act the broker industry. it's relatively unknown to most americans, best practices and techniques into our lives. certain attributes and the information sold to those who may see fit or wish to purchase. a big fan of football, we've exd something similar on the internet. a couple of times a year, the victim of a hack thousands if not millions of customers. they minimize those incursions, remove an entire industry that has more detail and subset of personal information. there is very little information brokers cannot sell they are not willing to sell. in this room, a good idea to sell profiles of american service members and that is what is happening. should have a conversation about what america data we think is okay bought and served without the knowledge of amer

that confirmation will be with us, elizabeth warren. and fed chairman jay powell speaking now. what this means, and what this says about the economic recovery in our country. i'm halley jackson, along with pete williams, kelly o'donnell, garrett hake, eugene robinson, melissa murray, and a former clerk to justice sandra day o'connor. i'm glad to be with all of you. i want to set up how this is going to go. there is a process that will need to unfold as it relates to the retirement of justice breyer. the justice needs to announce the retirement officially. then president biden will lay out who he would like to choose to replace the justice. then, the ball goes to capitol hill with back and forth on the senate. we know there will be a bunch of meetings with senators, there will be a hearing with the judicial committee, then they vote to send the nominee to the full senate. that only needs a simple majority. if it's tied, it can be sent to the full senate. then a final confirmation vote with 100 senators, then it only takes 50 plus 1 vote. what is a typical timeline? on average it

elizabeth: welcome to the show congressman warren davidson of house financial services.elizabeth: bad news for pelosi. great to have you on. so we've got democrats including tom nelson and john fetterman uniting on a new ethics bill by georgia democrat senator jon ossoff, would ban sitting lawmakers and families from doing stock trading while in office. senator josh hawley is moving on a similar bill. what do you think of these bills coming forward? >> well look, it is bad news for speaker pelosi because she outperformed, she and her husband outperformed most everyone that financial trades for a living. unfortunately most members of congress should stay out of the financial markets. most of us have not outperformed at all. i do believe members of congress should own things, disclose them in accordance with the law. elizabeth: put them in a blind trust or index fund, or if you don't like the rules just quit. timing of trades involving nancy pelosi's husband and legislation. what we're talking about here, congressman, by the way republicans have been doing the same thing,

. >>> warren buffett's apple stake topping 162 billion.imeline of that trade is coming up next. >>> we're obviously watching tech stocks losses in the nasdaq pi piling up today as the s&p, jon, joins it in the red. >> yeah. but first, some news getting breaking amd, slate of new products, chips, more than 20 new cpus designed for notebooks got some new gaming products as well. a lot of design wins here. more than 200, topping last year's design wins meaning that these chips are going, planning to be put into oem, customer laptops. we're going to speak with amd ceo lisa su about all of this in just a few minutes as well as the pc outlook for consumers and for businesses in 2022, deirdre. consumer electronic shows where we were originally planning to have this conversation, but, hey, we're still having it it's consumer electronics week here on "techcheck." >> we are. we're just not in vegas, jon i know you were supposed to be there on the ground as were many, many others. likely the first of a few conferences we'll see go more virtual. thoug

and senator elizabeth warren wondered if it was actually at least partially the fault of big business. she asked fed chair jerome powell if they were using the pandemic as cover to pump up profits. >> does that increase in profit margins, combined with greater market concentration in industry after industry, suggest to you that some corporations may be passing along increased costs and at the same time charging more on top of that to fatten their profit margins? >> that could be right. it could also just be, though, that demand is incredibly strong and that, you know, they're raising prices because they can. >> raising them because they can. joining me now is nbc news senior business correspondent and msnbc anchor stephanie ruhle. "washington post" white house bureau chief and msnbc political analyst ashley parker. and the host of nrp's -- npr, excuse me -- "full disclosure" podcast. stephanie, they say don't worry, these prices are temporary. but jason fuhrman notes, a noted economist, notes they've been saying this now for many months. are these prices actually here to stay, stephan

and now senator elizabeth warren hello, miami book festival. i am so sorry that i'm not able to join everyone in person, but i'm glad we're going to get a chance at least to connect by video. so i'm here to talk about my new children's book called pinky promises, and i thought i'd start by just telling you a little bit about where this book came from and then i'm going to take a few questions on this. so this book really started when i ran for senate for the very first time back in 2011 now. i've been a teacher all my life had no intention of ever running for public office. but this was a moment when i been down in washington helped out during the financial crash helped set up the consumer financial protection. bureau didn't get confirmed to lead it sent back to massachusetts, and i'm getting ready to start teaching school. and there's going to be a senate race the next year and frankly. i just don't like how the republican who was representing massachusetts at the time voted. so i looked around realized i didn't think there's anybody who was r

well, 1st of all, i'll disagree with dr. wolf. elizabeth warren is absolutely clueless. she and the by the administrators are spending too much time trying to point the finger of blame rather than actually solve the problems. they have created a 1st ever blame in the, the ranchers and meet growers. they were blaming the packing plants and they were fighting. and the grocery stores, the bottom line is none of this stuff gets to the grocery stores unless or until you can transport it from the farm to the packing houses and then to the grocery stores and restaurants when fuel prices have increased over 50 percent in the last year, because of the policies and the binding ministration, we shouldn't be surprised at the inflation and the high cost of everything going up . if there isn't a magic energy policy. but we did see the destructive energy policies of the by the administration now sticking it to us in the, in the pocket book, i'm very concerned that inflation and what that is doing. we're going to see the interest rates go up. keep in mind we have borrow trillions and tr

donald warren.he is here with us today to share his insight into the health and wellbeing of american indians and alaska natives including those of the five federally recognized tribes located in north dakota. dr. warren is a member of the ogallala lakota tribe and is director of the indians into medicine program and the public health program at the university of north dakota medical school. i just have to tell you this is one of the most amazing programs in the country. it encourages native americans to enter the field of medicine as doctors, nurses, med techs and everything else. we have such a need in this country to get more young people into medicine, particularly with our aging population, that this is just a model of a fabulous program that does that, not only making a difference in the lives of so many young people, young native americans, but think of what they do for all of us who need medical care and attention. and when we have such an acute shortage of people in the medical profession.

all right, senator elizabeth warren.ou for making time tonight. >> you bet. >> still to come, could we be rounding the corner of the omicron surge? promising new data could be the light at the end of the tunnel. although, maybe not. that's just ahead. although, maybe not. that's just ahead. wondering what actually goes into your multi-vitamin? at new chapter its innovation organic ingredients and fermentation. fermentation? yes, formulated to help your body really truly absorb the natural goodness. new chapter. wellness well done we have been covering on the, show the increasingly, dire, and desperate calls from humanitarian groups, to stall masturbation in afghanistan. a country in the last five months that is seen foreign aid, the -- of completely dry up. there was enormous corruption in that previous regime, and never ends up in the hands of ordinary afghans. it's been a theme of number of reporters -- watchdog including the most recent report to congress, last october. but, since the taliban took over, even the relat

signature elizabeth warren stops by the times square studio to talk about the senate taking up votingy and the path forward. i'm tom hanson, this is the "cbs morning news." . forward. i'm tom hanson, this is the "cbs morning news". ignored them. but when the twitching and jerking in my face and hands affected my day to day... i finally had to say, 'it's not ok.' it was time to talk to my doctor about austedo. she said that austedo helps reduce td movements in adults... while i continue with most of my mental health medications. (vo) austedo can cause depression, suicidal thoughts, or actions in patients with huntington's disease. pay close attention to and call your doctor if you become depressed, have sudden changes in mood, behaviors, feelings, or have suicidal thoughts. common side effects include inflammation of the nose and throat, insomnia and sleepiness. don't take austedo if you have liver problems, are taking reserpine, tetrabenazine, or valbenazine. austedo may cause irregular or fast heartbeat, restlessness, movements mimicking parkinson's disease, fever, stiff muscles, pro

warren harding 1920, 1923. he served in office. and here he is on the back of a car as tradition would have it with his wife and an associate. and they're about to go on a trip. the reason i picked president harding, and, of course, all the presidents are covered in bob's book all the way. if i haven't already mentioned that. there is his wife waving to the crowd. you notice that she's decked out in the early 20th century traditional garb and wearing gloves and a hat. the reason i mentioned warren harding is because he took an enormous trip, probably one of the longest trips a sitting president took to alaska to complete the last major railroad constructed in the 50 united states, the alaska railroad. but before that he also -- and this is a picture by the way of a locomotive that was decked out to pull that train -- here is a picture of him of the locomotive in alaska as his train wound toward the location of the last. before we get to that though, warren harding actually enjoyed something that president teddy roosevelt and even p

senator warren. senator warren: thank you so much, ranking members, and senator braun, i'm grateful to you. and also to chairman booker for holding this important hearing. families across georgia's rural communities are facing added barriers to adequate nutrition including distance to a grocery store, limited transportation options and the availability of quality fresh products at an affordable price. for example second harvest of , south georgia estimates that one in five people in south georgia do not know where their next meal will come from, one in five. administrative flexibilities provided by usda have helped provide additional nutrition assistance throughout the pandemic. but i'm hearing from the folks back in georgia that the guidance coming from washington fails to fully reflect the challenges of administering assistance in rural communities. dr. warren, you both have dedicated your career to underserved communities. what unique challenges do individuals in rural communities face regarding n