daniels, good guy, and new york's mob district attorney tried to ruin his life for having a backbone. back with us, ruth ben-ghiat, from new york university, and former new york. let me start with you. your general reaction to having daniel penny in such august company. >> i wouldn't describe it as august company. rather do anything but hang out with donald trump at a football game, even if i wanted to be at the game. i think what happened in the acquittal of daniel penny was controversial, some questioned the district attorney's decision to bros.prosecute at all. i don't agree, i don't second guess this district attorney. but the jury has rendered a verdict. and there has to be a picking and choosing of battles in the next four years. it's not going to be effective for liberals to make hay of every single thing that donald trump does they disagree with. i don't think this is one people should be really engaging with as a criticism of the incoming president. >> let me stick with you on this for a moment. one of the things that jumps out is the signal it sends to america, particularly to black americans, someone going through a mental episode is restrained, i

posted on x, daniel is a good guy, and new york's mob district attorney tried to ruin his life for having a backbone. back with us, ruth ben-ghiat, history professor at new york universityow, former new york congressman, mondaire jones. thank you both very much for coming to the show. just your general reaction, to having daniel penny in such company. >> i would not describe it as company, anything other than hanging out with donald trump at the football game, even if i wanted to be at the football game. obviously, what happened and the acquittal of daniel penny was very controversial. some people questioned the district attorney's decision to prosecute the case at all. i don't agree with that. i don't second-guess this district attorney. i think there was a lot of evidence to move forward with, but the jury has rendered a verdict. over the next four or more years, there is going to have to be a picking and choosing of battles, and there is not -- it's not going to be effective for liberals to make hay of every single thing that donald trump does, if they disagree with it, and i don't think is one of those things that people should be engaging with as a criticism of the

a new investment policy prohibiting the university from investing in corporations that violate human rights. well, you heard the bells. here's a live look at new york city, where president elect trump rang the new york stock exchange's opening bell this morning. the celebration comes after trump was named time magazine's person of the year as he spoke about the honor. the president elect seemed to confirm plans to invite chinese president xi jinping to attend his inauguration. no foreign leader has attended an american presidential inauguration since the state department began keeping records. >>>>it was even thinking about inviting certain people to the inauguration, and some people said, wow, that's a little risky, isn't it? and i said, maybe it is. we'll see. we'll see what happens. but we like to take little chances. >>>>also, trump wants loyalists kari lake to be the next director of the voice of america. that is a federally funded international broadcaster. lake is a former tv news anchor who lost both races for arizona governor and u.s. senator. live. look at the state capitol this afternoon, where earlier today, governor gavin newsom announced the 18th class of the california hall of fame. a

nina, at a small library university library in upstate new york, near hudson, new york, where he came from the journals a couple of the journals were held by the nantucket historical association, and they had digitized them. other journals were at the national archives of england, the united kingdom. so you're able to find things that i had. it was really tough book, i will admit had. the smallest number of primary sources. but it had just enough for me to tell the story i wanted to tell. and that's what i had to find out once. i read barnard's book. i said, well, there's nothing else besides this. i can't write a book because i'd just be repeating what he said. but there was enough the protests, this very detailed 25 page protest, which was cobbled together by five of the guys who had been on the nina while they were in rio de janeiro. so there were enough details from different places and there were a lot of newspaper articles at the time about this event. so it was just enough which is very different from the problem i've had with almost every other book i've written, which is and

york city. >> he has ties to san francisco, california, and his last known address was honolulu, hawaii. he has no prior arrest history in new york. >> he had a masters in engineering from the university of pennsylvania. he's from maryland where he was a valedictorian at a private school in baltimore, seen here giving a speech. >> it seems like just yesterday we were freshman, having wars and playing computer games. now we're moving on. >> reporter: about a year ago, he posted a review of the manifesto by ted kaczynski saying he was a violent individual rightfully imprisoned who maimed innocent people, but describing him as an extreme political revolutionary. in this video, brian thompson's killer is seen moments before the murder waiting for the unitedhealthcare executive. when the gunman spots his target, he runs across the street and opened fire, leaving thompson to die on the sidewalk. >> our nypd investigators combed through thousands of hours of video, followed up on hundreds of tips, and processed every bit of forensic evidence. >> police stitched together a timeline of the suspect's movements from the moment he arrived in new yorks before the shooting. he kept a mask over his face at all times except for this one unguarded moment when he checked into the hostel. surveillance cameras catching him at a hilton, at a starbucks and getting into a taxi at the bus station where he vanished. police found bullets with the words deny, defend, and depose, a possible reference to grievances with the insurance industry. >> yes, he was the ceo of a health insurance company. in america, we do not kill people in cold blood to resolve policy differences or express a viewpoint. >> thompson's murder has ignited online anger against the industry, and over the weekend, the company putting up fencing around its headquarters. tonight, unitedhealthcare says in a statement, our hope is that today's apprehension brings some relief to brian's family, friends, colleagues, and many others. mangione appeared in court moments ago on the local gun charges. investigators from the nypd and the manhattan district attorney's office are here in al

york. as police search for a motive now that they have their suspect. reena roy abc news, new york. >> now to luigi mangione, bay area connection. for four months in the summer of 2019, stanford university confirms mangione worked there as a head counselor in the pre-collegiate studies program. he wrote on his linkedin that he taught artificial intelligence to gifted high school students. his facebook page included several photos of him enjoying the sights around the bay area. our media partner, the san francisco standard, says. public records show mangione may have relatives in the city. truecar is also listed as his current employer. that's an online car buying company based in santa monica. the abc7 i-team is digging into this story and learning more about his background. we'll have much more coming up at four. happening now, oakland city leaders are meeting to discuss significant cuts to help balance the budget. the city is facing a $129 million deficit. it's possible that up to half a dozen oakland fire stations could be shuttered over the next seven months. the police union says it's facing a $25 million cut over time of overtime, and they're also planning to cancel two future police academies, a quarterly finance report states. if the proposed budget cuts don't work, the city will have to declare a fiscal emergency. oakland city council is not expected to vote on the cuts until its next scheduled meeting on december 17th. tomorrow, san francisco school leaders will talk through potential budget cuts as the district looks to balance the budget and deal with a massive deficit. school closures are not up for consideration currently for san francisco unified, but plenty of other cuts are a district representation lays out possible early retirement offers for long term staff, layoffs for central office staff and teachers may also happen, with the first notices going out in march. now to the accuweather forecast. and much of the bay area will be wet by the weekend. abc seven news meteorologist drew tuma has the timing of the rain that's coming our way. >> drew, we still have some haze in our atmosphere, so the air quality remains moderate. better air quality. midweek arrives with rain wednesday night into thursday morning. that's our next storm. and then the pattern gets pretty progressive. we're tracking another storm coming our way on saturday. saturday looks pretty soggy out there and on the heels of this one, probably another storm early next week. so the storm door is beginning to come back open. here's a look at the forecast today. lots of sunshine inland. we'll have temperatures 50s and 60s will keep clear skies all evening long. a similar story around the bay shoreline and along the coast. breezy from time to time and temperatures today more than five degrees above average. so we'll add another day this month where the temperatures are warmer than normal. 63 in vallejo will hit 64. in the city, 68 in san jose, about 62. in livermore. lakeport. very pleasant after a chilly start this morning. a daytime high of 61 degrees. now tonight it does get frosty once again we have frost advisories posted. so first thing tomorrow morning, our coldest areas mid and low 30s to get you going on tuesday. so the air is going to feel pretty brisk tomorrow morning with that frost advisory. you may find some patchy frost on your car windshield, maybe even on your grass first thing tomorrow morning. then future weather shows you tomorrow evening the clouds will be on the increase. the rain waits until wednesday evening. so here's 7 p.m. we'll find that rain first arriving in the north bay light to moderate. and then it spreads south and east throughout the evening. this is wednesday night at 11 p.m. this system quickly exits thursday morning, and then another one arrives here on saturday. here's future weather. this could be a bit stronger, a bit wetter here saturday, and it looks to linger all day long. so saturday looks pretty soggy. get a break sunday and then another storm comes here monday. so one week from today will likely be tracking more rain. so those numbers will add up over the next seven days. you can see the heaviest rain likely just to our north, but we could see several inches of rain here locally starting wednesday night into early next week. so here's the accuweather seven day forecast. bright and breezy today. late day clouds tomorrow. rain at night here to on wednesday. some morning drizzle on thursday. and then we'll track that rainy start to the weekend. on saturday. >> thanks, drew. now to developing news. a blistering response from jay-z after he was accused of sexually assaulting a 13 year old girl. more than two decades ago. the billionaire hip hop mogul was added to an existing civil lawsuit against sean diddy combs. abc news reporter zohreen shah has details on the accusations and jay-z's response. >> reporter it's a bombshell accusation against one of the most powerful people in the music world. a newly amended civil lawsuit alleging music mogul jay-z sexually assaulted a then 13 year old girl with rapper sean diddy combs after the video music awards, 14 years ago. the civil lawsuit originally filed in october, amended over the weekend to include jay-z's name and says jay-z and diddy drugged and raped a 13 year old girl at an after party, and that another celebrity stood by and watched as combs and carter took turns assaulting the minor. combs and carter attended the vmas that year. the rapper, filing to dismiss the lawsuit, denying the claims, calling them idiotic and saying it was a blackmail attempt, taking direct aim at the plaintiff's attorney, stating what he had calculated was the nature of these allegations and the public scrutiny would make me want to settle. jay-z, the father of three, writes, my wife and i will have to sit our children down, one of whom is at the age where her friends will surely see the press and ask questions about the nature of these claims. jay-z, now daring the lawyer to change the civil lawsuit to criminal complaint and have the jane doe name herself. the plaintiff's attorney, tony buzbee, responding to jay-z's statement, writing, i won't be bullied or intimidated. people will see through this effort to discredit me and my clients and the truth will be revealed. i also won't allow anyone to scare my clients into silence. >> we already saw a judge address similar issues when sean combs raised this issue back in october and november, when the lawsuit first came out and the judge then said because of the age of the victim at the time and the facts that they had, that the jane doe can remain as a jane doe. i would suspect even jay-z doing this himself a second time. the facts and arguments will remain the same, and the judge may still allow this person to remain a jane doe. >> sean diddy combs lawyer, is also out with a new statement, writing in court, the truth will prevail and that he never sexually assaulted or trafficked anyone. zohreen shah, abc news, los angeles. >> attorney general rob bonta and a peninsula lawmaker are taking aim on social media's impact on children this morning in san francisco. bonta unveiled a bill by portola valley assembly member rebecca bauer-kahan. the legislation would require social media to come with warning labels about the mental health risks associated with their platform. bonta says companies have long known the dangers of their platforms, but have refused to act. >> they've had ample time to make the right choice. they've had time to address the devastating toll their products are having on our families. time is up. it's time we stepped in and demanded change. >> if signed into law, social media companies would have to show all users, regardless of age, a black box warning when they first log on and then once a week after that, an update on efforts to fix a list of problems that california's employment development department. changes were made at the edd after issues with fraud, but are they working? we get answers ♪ home sweet home ♪ there's no place like the road home. receive a $5,500 bonus on a new 2024 audi q5 plug-in hybrid during the season of audi sales event. san francisco ballet's nutcracker, a cherished tradition set in 1915 san francisco. delight in a fun-filled holiday experience. ♪ tickets on sale now at sfballet.org ♪ i'm on my way ♪ ♪ home sweet home ♪ ♪ there's no place like the road home. receive a $5,500 bonus on a new 2024 audi q5 plug-in hybrid during the season of audi sales event. issues plaguing california's employment development department. now, a new article says that despite e-d-d hiring a payment contractor, the system is still fraught with fraud. we want to know why and what can be done about it. we're getting some answers today from lauren halper, investigative reporter at the nonpartisan and nonprofit news organization cal matters, who wrote the article. lauren, thank you so much for being here today. >> thanks for having me. >> your article features the story of a woman receiving disability benefits from edd, who became the victim of fraud. can you briefly tell us about her story? what happened? >> yeah. so this is the story of kim tanner. she was a marketing consultant from carlsbad, near san diego, and in her case, she started getting disability payments. just this past summer. and one day in july, she logged in to the online account for her edd debit card, which is now run by a georgia company called money network, and found that more than $3,000 was missing. this kind of launched her into a really unexpected scenario, where she basically became kind of like an amateur fraud detective. she complained to the financial company, to the edd and ultimately to more than a half dozen government agencies to try to get her money back. >> that is so frustrating and exhausting, to try to get ahold of someone and get the problem fixed. so how has the edd been trying to fix the problem of fraud? it's happened so many times. >> right. so one of the big things to point out here is that there was the fraud that happened during the pandemic, which a lot of that focused on these big emergency federal programs where they tried to quickly extend unemployment benefits to workers like freelancers who aren't usually eligible. and in that case, you had a mix of global hackers, folks who were in prisons, all kinds of scammers that were trying to get at that money. and what we're talking about now seems to be issues that are more concentrated in the payment program with these debit cards, like kim tanner experienced. but one of the things that's tricky here is that the edd and its contractors like money network, don't like to talk about fraud, so we don't really know the scale of this. and all that's being done to correct the issues. >> let's talk about that new payment contractor that's now in place. money network. has there been any improvements since the switch? as you mentioned, they don't like to talk about fraud, but has it gotten better in any way? >> yeah. so money network was hired after the edd's old debit card contractor, bank of america, bowed out. they said, we don't want anything to do with this business of paying out government benefits anymore. and money network was hired just this past winter. and one thing that seems to have improved in recent months is that the edd and money network finally rolled out a direct deposit option, so that gives people the opportunity to, you know, skip debit cards altogether. but the tricky thing is we don't know. the edd couldn't tell me how many people ultimately still have these debit cards, how secure they are. we know that at least 74 people have filed complaints this year, so it definitely doesn't seem to be a case of you know, 1 or 2 people that had a bad experience. so this is definitely something to watch moving forward. >> what are some of the big decisions california has to make about the future of the state's job safety net? >> yeah. so in addition to these fraud risks that are also facing different state programs like food assistance, college financial aid also is having to think a lot more about fraud with the unemployment system. there's also this major kind of financial cliff. california is still $20 billion in debt to the federal government for all the money that we had to borrow to keep paying out claims during the pandemic, and that's costing taxpayers $1 billion a year in interest alone. and just for context, that's like more than we spend on child welfare. so we need to decide to get out of that debt. and because the system is still losing money going forward, like we're looking at losing about $2 billion more per year for the foreseeable future, whether we're willing to look at raising taxes to cover that difference, or if there are other ways to change the program, because right now, the system is just kind of bleeding money and there isn't a clear path forward. >> and real quick before you go, if someone is a victim of ed, fraud is there a simple place for them to go to get help? >> the first one is to call the number on the back of a debit card. if you have one, you can also google ed fraud. they have a way to report online and if you're still having issues, you can go to your state representative, state senator, or a federal regulator like the consumer financial protection bureau. >> wonderful, lauren, thank you so much for your time today. a lot of great information. thank you. if you want to host friends and family for the holidays and think you can't afford it, we're going to learn about some money saving, entertaining tips. and some of san francisco's famous parents have flown the coop where they are preliminary information that we're getting. is that a 5.7 magnitude earthquake just hit near carson city. here is a map of that location. and the usgs does have more information on this. we are working to get more details. find out if there was any damage or anyone injured, but we will bring that to you as we get those new updates into our newsroom. so stick around. we'll have much more for you today on abc seven news at four. some of those beloved parrots that commonly flock to san francisco's embarcadero have a new home. the birds are now roosting in a park near the transamerica pyramid, moving away from the trees along the embarcadero again. and this is video from a few years back. the parrots arrived in san francisco back in the 90s, gaining fame in the documentary the wild parrots of telegraph hill, the head of a parrot rescue group told the chronicle she noticed the move last march, calling it surprising since parrots are usually very predictable. happening tonight, the world's largest origami tree will shine bright once again at grace cathedral in san francisco. the world tree of hope. tree lighting ceremony will kick off the 19th anniversary of the display. the tree is adorned with more than 17,000 wishes. >> unlike christmas trees in general, this one is decorated literally in wishes and hopes and dreams from people all over the world, folded into thousands of origami cranes. >> the origami crane is a symbol of world peace. every origami crane on the tree has someone's wish for the future on it. >> blessings and wishes that are really meant to take flight, and to see the whole tree filled with them is really inspiring. it's to shine light against the darkness in the world. >> you can visit it at grace cathedral in san francisco until january 4th. you can also still add your wish to the tree, either in person or by visiting world tree of hope. dot org. tis the season for holiday entertaining, but hosting a holiday gathering can be expensive. abc news reporter alison kosik shares some valuable tips to make the season memorable without breaking the bank. >> it's a wonderful time of year to get together with loved ones, but if you're hosting for the holidays, putting together those charcuterie boards and cooking up all those delicious dishes can leave your bank account dry and bland. shopping expert trey bodge says you don't have to overspend to throw a great party. she says going generic at the grocery store can help you save. >> store brands are often made in the same factories as the name brand. just make sure that you're comparing the ingredient list to make sure it's identical. >> so can planning your menu around good deals. >> so for example, if chicken's on sale but pork is not, maybe you make a chicken dish instead. >> prepared foods may seem like a good time saver, but may cost you more. >> so if something is chopped pre-prepared, you're paying for that labor. and so it might be worth, you know, grabbing your teenager and having them help you or another family member rather than paying extra for that pre-chopped food. >> you can also unlock exclusive offers using retailer apps and loyalty rewards programs. >> there is an external app that i really like called flash food. they partner with grocery stores around the country to help them move through merchandise. that's perhaps nearing its best by date, or it's in surplus and you can save up to 50%. >> save even more by having a potluck. >> people love to participate and bring their special mac and cheese or their famous cookies, and that lightens the burden for you significantly. >> or scheduling your party between lunch and dinner have it sort of in the late afternoon, and that way you can just serve snacks and you don't have to feed everyone. bodge adds that setting an end time can also reduce costs because the longer people stay, the more expensive your gathering is. finally, consider setting limits when it comes to gifts. >> reach out to your people and just say, hey, why don't we do a white elephant this year? or why don't we set a spending cap? or with family, you can say, let's just buy for the kids and the elders this year, or draw names. >> alison kosik, abc news, new yorkreat for some bay area kids. the san francisco symphony hosted thousands of children for a free deck the hall community day at davies symphony hall. symphony musicians performed with special guests like students from the san francisco ballet school, the young women's choral projects of san francisco, the san francisco boys chorus, and more. they're hoping to inspire students who may not have access to this type of professional performance. each performance ended with an audience sing along so kids could take part in the show to hiring. pros say many workers feel stuck in their careers right now and will have a job market update by hiring in the u.s. jumped in november, but labor economists see trouble brewing beneath the surface. we invite you to join us for monday night football tonight starting at 5 p.m, followed by after the game at nine. catch world news tonight, then jeopardy! and wheel of fortune, then at 1030, it's a special edition of abc seven news, followed by followed by aft

york, father i have to read this to you. days before christmas the new york times featured an interview with princeton university religion professor elaine pagles titled a conversation about the virgin birth that maybe wasn't. it focuses on pagal's suggestion that jesus might have been fathered by a roman soldier possibly by rain. god help us. your reaction and does this have any historic credibility. >> this is propaganda masquerading as history. having read her comments she basically infers all kinds of things. she makes judgments about the historical value of the gobs pills. she claims that roman soldiers were raping women regularly in nazareth and they found the name of a roman soldier allegedly this was his crime against the virgin mary. this is all nonsense and gar bing, it's retread stuff she's been doing it many years she's been author of a book on falls gospals. propaganda masquerading as history. the new york must be shut down because christianity is under assault the week of christmas. >> raymond: they wouldn't try this with any other faith father. when i read this i thought who ever died for a fable. these apostles didn't lay down their lives because of the brothers grim. they did it because they saw and witnessed this man, who they believed was the messiah, they saw him resist rucked and they did believe in the virgin birth. this has been attested to all throughout history. let's talk for a moment about why this matters though father. i recently interviewed jordan peterson and he makes an interesting case that these biblical stories whether you believe or not are foundational to a free society. what would their loss mean, and what is the impact of what the new york times is doing? >> yeah, this is an assault on the entire structure of western civilization, which is found order the belief in one god who revealed himself in his son, and then brought to fulfillment the promises of the old

york was named after dealings at the court ofjustice. yang tengbo ran a firm called hampton group international here, first arrived in britain in 2002 and studied for a masters in public administration and policy at york university. in 2013 he had been given leave to remain and was setting up an advisory group to help would—be investors. through that consultancy he met at least two macro ministers and by 2021 was attempting to liberate his contact with prince andrew. in november of that year he was stopped on his way into the uk. intelligence services confiscated all of his digital devices from which they glean some concerning messages relating to the prince. and yet not until february 2023 was he finally banned from returning to the uk. today he issued a statement claiming he had done nothing wrong and that the widespread description of him as a spy was entirely untrue. 0ur political correspondent damian grammaticas reports... the royal and the alleged spy — this is glossy video from the prince himself designed to drum up business. throughout we see yang tengbo — we can now name him — banned from the uk as a risk to national security. mr yang is accused of working for china's communist party, using his ties to build contacts. on his desk, photos — him meeting david cameron and theresa may. dealing with foreign threats was already on the prime minister's agenda. today, here in norway, the immediate issue russia's war against ukraine. but he's been seeking closer ties with china. so, he was asked, what about its activities? of course, we are concerned about the challenge that china poses. our approach, as you know, i had a meeting with the presidentjust a few weeks ago now, our approach is one of engagement, of cooperating where we need to cooperate, particularly, for example, on issues like climate change. to challenge where we must and where we should. mr yang is appealing his ban from the uk. he asked today for his own anonymity to be lifted, insisting he's an entrepreneur trying to build bridges between east and west. in a statement, he said: "i have done nothing wrong or unlawful. the description of me as a spy is entirely untrue." adding: "i love this country as my second home. i would never do anything to harm the interests of the uk." what the case of yang tengbo and prince andrew has now done is add charge to a political debate here. the government wants to reach out and engage with china. conservatives say that comes with risks. when it comes to a member of the royalfamily, i simply say this, how was it i that somebody who was known to the security forces, was allowed to get so close to a member of the royal family without proper scrutiny, exposing them ? given what we've learned and what we know, these very close relations that the prime minister is apparently attempting may not be wise. and the rather sycophantic tone the prime minister took with president xi at the 620 a few weeks ago may not be very wise. china offers economic opportunities — keir starmer wants to seize those. but should he be wary of the true cost that might bring? damian grammaticas, bbc news, westminster. in his statement this afternoon, yang claims he has "fallen victim" to a changed political climate in the uk that, he says, has turned less friendly to china. but there has been an in depth intelligence review of material taken from his digital devices, which revealed, as you just heard in damian�*s report, that he was working for the united front work department, an arm of the chinese communist party. it is not known precisely when the duke met yang, but a statement released by andrew said they had met through "official channels". with us tonight luke de pulford, he is founder and executive director of the inter parliamentary alliance on china which works internationally with parlementarians, to counter chinese threats. thank you very much for being with us. the former conservative leader iain duncan smith said this was just the tip of the iceberg. how many others think there are like yang tengbo working in plain sight? it yang tengbo working in plain siuht? ., , , yang tengbo working in plain siuht? , , ., sight? it has been estimated that the united _ sight? it has been estimated that the united front - sight? it has been estimated that the united front work i that the united front work department which is a sprawling organisation has as has as many as 40,000 people working for it abroad around the world, so if you were to interpret that in the british context we might be talking hundreds, possibly more than that. and what we do know is that from recent reporting the overseas chinese police stations and other categories of station are also united front work department linked organisations, so this is a group which has in the words of the intelligence and security committee report last year "penetrated every sector of the uk economy" and you can't do that with one or two people, so enough people to be seriously worried about.— worried about. what will concern _ worried about. what will concern people - worried about. what will concern people is - worried about. what will concern people is the i worried about. what will. concern people is the length worried about. what will - concern people is the length of time it took to ban him from the uk knowing what they had gleaned from his devices. so the messages taken in november 2021 were not acted upon until february 2023. how do you explain that, do you think? i think in defence of the intelligence and security services, i would say we haven't had legislation to deal with these kind of inference activities until relatively recently. not until 2022 did we have the national security and investment act which creates at least some mechanisms to be able to deal with china's overseas influence activities, but in my view even that is not enough. that is really recent. if you look at the activities alleged to have been undertaken by yang tengbo, you have activity which is not prima facie illegal. there is no statute that enables us to deal with that, so for the intelligence and security services or for the police to take action they need to claim to have done something wrong and uncovering the links to the chinese state and those motivations is not a straightforward process, so maybe that is the reason for the delay but of course we would like future cases to be acted on much more swiftly. the mechanism _ acted on much more swiftly. the mechanism of _ acted on much more swiftly. the mechanism of which you speak could be this plan to create a foreign influence registration scheme and the security minster dan jarvis was asked scheme and the security minster danjarvis was asked about scheme and the security minster dan jarvis was asked about that this afternoon. there is a feeling that successive governments actually have stalled on this. why is that the case and what difference would it make? it is the case because successive governments, as you rightly say, and the conservatives should not try to absolve themselves of blame on this, had not wanted to upset beijing and upset the bilateral relationship or take steps they feel are unnecessarily antagonistic and the reason for thatis antagonistic and the reason for that is there is a sort of dogma within the treasury that unless we hitch our economic wagon to china's we won't be prosperous as a nation, but this is not true, and actually it is a fairly evidence free position when you actually dig into it, but nevertheless it has a lot of influence. i think thatis has a lot of influence. i think that is why we are seeing resistance to what we would call china realism, simply recognising the chinese communist party for what it actually is, for what it is seeking to do in the united kingdom and around the world and to the rules —based order. we are not taking those steps and that should be of profound concern to everybody regardless of which political party you associate with.— of which political party you associate with. had there been associate with. had there been a forei . n associate with. had there been a foreign influence _ a foreign influence registration scheme, and yang tengbo's name was put on that as a matter of course because he was circling within different levels of the establishment and people, presumably politicians, would have to declare that, what difference would it make in this specific case? it difference would it make in this specific case?- this specific case? it would make due _ this specific case? it would make due diligence - this specific case? it would make due diligence a - this specific case? it would make due diligence a lot . this specific case? it would - make due diligence a lot easier for politicians and certainly for politicians and certainly for royals. they would look at this registration scheme and see whether or not his name was on it, and if it where they wouldn't have associated with him, so it would make that difference. but i think more importantly than that, for those who don't register, and i online here it is highly unlikely members of the united front work department would voluntarily register, that won't happen, but it would enable error security services meant to pursue action against those who refuse to register and for that reason it has to mendis value, i think. mendis value, ithink. right. in mendis value, ithink. right. in terms— mendis value, ithink. right. in terms of— mendis value, ithink. right. in terms of this _ mendis value, ithink. right. in terms of this argument. mendis value, ithink. right. | in terms of this argument that was heard across the dispatch box today about who is being sycophantic to chinese presidents or to the chinese state, why were we still calling this man h6 until this afternoon? why did we not know his identity when seemingly the rest of the world knew who he was and why was he seemingly given anonymity?— was and why was he seemingly given anonymity? your guess is as aood given anonymity? your guess is as good as _ given anonymity? your guess is as good as mine _ given anonymity? your guess is as good as mine on _ given anonymity? your guess is as good as mine on that - given anonymity? your guess is as good as mine on that one, i l as good as mine on that one, i can't understand it. there are no criminal charges levelled against him and it takes anyone about five minutes to find articles of this guy boasting about his achievements on the chinese internet. he has a number of hagiographic pieces talking about the constellation of stars he has managed to gather around himself so if he was boasting about it and very happy to publish that i can't understand why he would have been granted anonymity, so thankfully that has been lifted now. ~' thankfully that has been lifted now. ~ , ., ., ., thankfully that has been lifted now. ~ , ., ., now. luke de pulford, good to talk to you- — now. luke de pulford, good to talk to you. thank _ now. luke de pulford, good to talk to you. thank you - now. luke de pulford, good to talk to you. thank you for - talk to you. thank you for coming on. talk to you. thank you for coming on-_ the archbishop of yorkover his handling of a sexual abuse case, days before he takes temporary charge of the church of england. as bishop of chelmsford, mr cottrell let priest david tudor remain in post in the diocese despite knowing he had been barred by the church from being alone with children and had paid compensation to a sexual abuse victim. in a statement stephen cottrell said he was deeply sorry he hadn't been able to act sooner, and had suspended david tudor from office "at the first opportunity". this report from our religion editor, aleem maqbool: questions over the judgment of stephen cottrell relate to his time as bishop of chelmsford. when he started there he was briefed about a priest in his charge. for decades, david tudor faced allegations of abuse. in the late �*80s he was jailed for six months for the indecent assault of three underage girls. the charges were quashed on a technicality, and eventually he was allowed back to be a vicar in essex. for years many of the women who suffered tudo

york school of philanthropy, which is what we know today, is columbia university, didn't know it used to be the new york school of philanthropy. oh, lucy burns was a vassar alumna in her postgraduate credentials, included yale, the university of berlin, the university of bonn, and. and yet these two were not ivory tower academics. their experience in the school of hard knocks was with the bankers, one of whom we saw a picture of, oh, the british suffrages of this time really were militants. they would bricks through windows they would destroy statues and museums. they did all sorts of things that were illegal. oh, alice was a quaker. and at one point when she was over in england, gandhi came to meet with pankhurst and thought the possible alice paul was in this meeting. whether she was in the meeting or not, she clearly had the gandhi view. gandhi said, you know, the way to do this is, you know, be and and she was pacifist and she conducted herself that way throughout. and yet they earned the label militant unfairly in press. wilson had flatly women's suffrage when he was governor when he ran for president in 1912. he took position that women's suffrage was exclusively matter for the states. and therefore the president and the federal government would have nothing to do with it. and so the inaugural parade was meant to, for the new president that millions of american thought differently about that. these two were joined, of course, by thousands of women in the parade, one of whom was either b wells, barnett barnett this is in 1893 photograph of her at age 31. wells already had reputation as a champion of civil rights. she started her public role as a rights advocate, as a 20 year old student at fisk university, when she famously refused to give up her seat on chesapeake, ohio, and southwestern railroad. when the conductor ordered her to leave the car and she declined. he and nearby white passengers dragged her from her seat. she sued the railroad for her rights, won at trial, won on appeal, and then ultimately lost in the tennessee supreme court, but tied the railroad in litigation for three years. and all of this is. more than 70 years before. oh, we rosa parks, you you refused to give up her bus. one year after her wilson's election, ida wells joined, this man, william monroe trotter, in a meeting with wilson in the white house to confront him over his policy, which she set in motion almost immediately after taking of segregating the federal workforce. trotter it was impressive, man was harvard's first phi beta kappa key holder. he was the editor at the time of the boston guardian and the head of the national equal league. when trotter and and others in their group presented wilson with a petition signed by more than 20,000 people demanding end to the federal jim crow. expressed surprise. he said, i thought this would be acceptable to everybody and he did not back off his position. nearly three years later, during his reelection campaign. this particular meeting i'm about to describe took place in july of 1916. wilson with a small group, four women democratic women who came not as the suffragists had come previously, to demand support for the anthony amendment on the basis of simple justice, but rather to talk to him about women's suffrage and specifically anthony movement as a democratic party matter. it was bad for the party. they urged on him. for him, be on what they considered be the wrong side of that issue. and in this meeting where wilson he was with, you know, friendly democrats, he stated bluntly that the states rights argument he had been using was not the real reason the real reason he said for his opposition was race. and this i read you a quote quote is a sort of pastiche of two quotations. one in the newspaper. oh. and the other oh, in book of the source of the quotation. in both cases is this woman, harriet stanton blatch. so she's one of the four women in what wilson didn't realize when he's meeting with these friendly democratic women is that this this lady is the daughter of, elizabeth cady stanton. oh, so he's got a super suffragist his hands, and she's taking notes. so she pressed him, you know, why won't you support anthony amendment? we've heard all these states rights stuff. but this is bad for the democratic party. and he pushes back and he says dismissed from your mind. the idea that my party or i are concerned about states rights. it is -- question mrs. blatch that keeps my party from doing as you wish. so blatch alice paul, lucy burns, kerry thomas and thousands of other women members of the national woman's party campaign against wilson in 1916. they campaign against all democrats as well because. they want to put pressure on the to change and make it uncomfortable for everybody and the woman's party in 1916 then had their own national convention not to choose a candidate because the were running candidates, but to force all major parties to send representatives, which they did, to persuade them, to vote for them in their convention, was chicago, right alongside the national convention, but without actually endorsing anyone. nonetheless, the national women's party was effectively supporting hughes because. they were explicitly anti wilson, charles evans hughes, the republican candidate, was supporting the anthony amendment, as teddy roosevelt had in 1912. hughes heavily for the black vote as a supreme court justice. he had voted to strike down the grandfather clauses that for years had prevented black citizens from voting. he wrote the majority opinion striking down segregation in the railroads, luxury cars, sleeping cars. and we have a picture of him. this is a 1916 family campaign picture. wasn't just wilson who didn't smile. it's the whole, whole family. it turns out the teeth were not the only reason people didn't smile in these pictures. and you can read a lot about it. but it was the norm. i think you know, it started out with the super exposure times that originally required so that people couldn't hold a smile for that long. they did this. but, you know, as a camp, it's a nice family a nice looking family. but even the little girl know, she's just very serious of course. so that same 1916 election, there's more and more important political gathering, this truly important took place in new york, in rural new york. and it brought together leaders together of, the civil rights movement and the women's suffrage. and it became known as the immediate conference and featured a number of well-known suffragists, including these three women from left to right, mary church, terrell, eddie waites, hunton and nannie burrows. it was a high profile event organized by two harvard ph.ds. w.e.b. dubois and joel spingarn. dubois put their challenge plainly. this is a quote with the exception of woodrow wilson to the presidency in 1913. they're open. the american --, a period of cruelty, discrimination and wholesale murder in the in the november election. in 1916. dubois had been a socialist socialist. and who would be future winner of the lenin prize voted for the republican evans hughes and joined william monroe trotter in doing so in 1916. also, the election of the first woman to congress, republican jeanette rankin from montana. she was also trained as a scientist like alice paul. she had

york city hostel. new york police did not talk about a motive, but the nypd spokesperson said he appeared to hold ill will to corporate america. he graduated from the university of pennsylvania in 2020 specializing in engineering. looking at his social media, there seems to be anti-corporate view and violent view about how to create a protest of sorts at some point. you can see that sort of happening in the past couple of months in terms of the shift. we'll watch this play out. >> it's tragic on so many different levels. obviously, the first person you think about is the executive and his family, but this guy and you see a lot on twitter. high iq. gifted with that. provided with the best education. family with money. got all that and this is what -- that's why it makes me think there's something not quite right, you know what i mean? i'm telling you, the cell walls will get really old over the next 60 or 70 years. >>> shares of alaska air taking flights. the airline raising fourth quarter profit forecast thanks to robust travel demand and improved pricing. alaska now expecting earnings of 40 cents to 50 cents a share versus 20 cents previously. it is guiding 2025 full-year profit above estimates. in a statement, alaska's cfo said the company's combination with hawaiian airlines will give it the scale to be stronger than either company could have been on its own. alaska is hosting an investor day. this morning, it announced nonstop service to tokyo and seoul. south korea using hawaiian airlines wide body aircraft. >>> futures this morning not a huge amount of activity. dow futures off 50 points now. nasdaq up by a similar amount. the s&p futures up 7.5. then if you take a look at treasuries. slightly higher yields. the ten-year is back above 4.20. the two-year at 4.14. let's get to dom chu with the pre-market movers. dom, you promised top down? >> i did. in the news magazine show of the 8:00 hour, the stories that are complementary to the top stories you gave and corporate stories and the unitedhealthcare shooting suspect and charging there. the complementary stories here are not necessarily top down. we will take a look from the top down industry standpoint at auto sector. shares of tesla and gm moving down the funnel and morgan stanley named tesla a top pick for 2025. they upgraded gm to equal weight from under weight. tesla goes up to 400 from 310. gm from 54 to 46. they see tesla and gm as strong bets despite ev market volatility moving into 2025. keep an eye on tesla and gm. up fractionally in the pre-market trade. >>> toll brothers downgraded from the prior out perform following the home builder's fourth quarter earnings. after toll brothers posted better earnings and mortgage rates weigh on the sector. that is the top down approach. toll brothers down 3.5%. >>> goldman sachs upgrading norwegian with the target price up from 29. expected into the new year. norwegian cruise lines up 2.5%. for more and other top calls of the day, head to cnbc.com/pro. you get full access to the bill calls and stories. kind of top down, becky. >> dom, thank you very much. >>> shares of hershy'sjumped after mondelez with a takeover approach. it made a bid for hershey's in 2013. it is a unique company. it has been independently controlled since the founding in 1894. it has a dual class structure that gives the trust control over the company's future. mondelez and the trust did not respond to the request for comment. from the reports, we hear the offer started at a higher level. closer to $50 billion. the hershey trust set up to allow the company to operate independently to make sure it was keeping the town in a very prosperous place. hershey, pennsylvania. amusement park and resort. >> kisses are made. >> it smells like chocolate. the trust can do what it wants. >> willy won ka. >> it's a nightmare for me. it's all candy. >> how do you stop eating it? >> vacation. is there a doughnut land? you can put -- >>> when we come back, top analyst will join us to talk about the integration of chatgpt into iphone users daily experiences. >>> later this hour, department of justice anti-trust chief jonathan kantor joins us for an exit interview. stay tuned. you are watching "squawk box" and this is cnbc. 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(clears throat) okay. most of you are not rock stars. oooh. data driven insights, and large language models. oh, that's so rock roll. it is, right. he gets it. yeah. >>> apple stock hitting new highs. the company released another beta version of chatgpt on the iphone. the wide release is coming by the end of the year. joining us is tony sakanagi, senior research analyst. $3.7 trillion. i think it's the most valuable company in the world now, again, tony. >> good morning, joe. apple is a phenomenal company. i think it's evolved from being a hardware player to a company that has an install base of 1 billion unique users. 2.3 billion devices. it's leveraging that install base. the next step in its evolution is bringing artificial intelligence to the masses through apple intelligence and integration with large language models like chatgpt. it's a formidable company and impressably, it evolved into a hardware products. >> this is the most recent move higher to what you are just talking about. chatgpt and rolling out another version. >> i think it's difficult to know exactly why the stock has done so well over the last month. you know, we do have at least a candidate for i0s. still not the final version. we should get it next week. it's not game changing yet, but i think investors see a path where we will get better over time. apple intelligence will get better over time. that will be how people use a.i. in their every day lives is through the axis point of iphone or mac or ipad. i think a lot of factors that work near term and there are some mixed sentiment about the market. there are concerns about, you know, some questions about broader a.i. and sustainability of broken infrastructure. i think there are questions around tariffs. there are questions around google and anti-trust and many investors believe apple is a safe haven and look out over the next year or two and see a pathway for apple. it may be more the latter than simply this version of 18.2. >> apple, again, or at least now topping the list of the best managed companies according to the wall street journal of 2024. where i'm going with this is it's been reported that quietly, but very successfully tim cook developed a close relationship with president-elect donald trump. you mentioned two things. you mentioned tariffs and anti-trust as being in the future for a lot of tech companies. you would have to think that having a relationship with the president-elect on both those areas probably is a positive for apple. that's good management there. >> yes. you know, again, kudos to tim cook. i think he's managed to maintain a generally friendly relationship with china and obviously china's super important to apple. 90% of its production is there. 20% of its sales are to the chinese consumer. then i think likewise, apple has successfully navigated political challenges. eight years ago when there were talks of tariffs, tariffed 10%. apple was able to effectively work with the administration to not have that tariff put in place. so, i think that's a testament to tim cook's diplomacy capabilities and i do think that potentially serves apple well. there are lots of questions about tariffs. clearly apple's exposed. i think, you know, apple is an iconic american company and the current does want to promote american businesses. so, i think apple does have some legs to stand on that if you tariff us as an american company, you may create advantages for samsung, a korean company. so, i do think that apple has and likely will continue to underscore the importance of the company and the fact that it is an american company with a lot of jobs in the united states. >> the -- the new phones they have a.i. we were told don't expect much. the stock is still continuing to hit new highs even though, you know, it is kind of a bridge to where it really becomes an important feature for the phones. are we almost there now? >> i don't know if we're almost there. i think -- but i think investors see a path. so, i think the bull case for the next year going forward is, you know, apple is expected to do $7.50 this year fiscal 2025 which they're now in. fiscal '26 starts in the fall of next year. i think apple could have a very strong iphone cycle. you will have better a.i. capabilities. you will have a thinner iphone that will be available and typically vector changes help iphone sales. you have an older install base. you could have a very strong cycle in fiscal '26. >> how much? $9? >> yeah, i think $9 is not an unrealistic number. apple is out 32 times earnings. it is a little bit more than that. it is a $290 stock. do you run out and buy today at 247? i'm not so sure. maybe you have a pull back. this cycle won't be great. you have an issue with the rollout or other issues we talked about. if you look forward over the next year, one can make that case and the numbers could support a materially higher stock price. >> well, we're going to have a $4 trillion company and $5 trillion company and i wager we will have a $1 trillion individual in a decade, probably. maybe less. don't you think? it's not going to be me. probably not going to be you, toni. we might, we might know them. >> we might. we might be certainly observe them. hopefully we'll be rabd to aroue it. >> thank you. >>> when we come back, we'll take a look at what is likely to be a sting impact on the entertainment industry from taylor swift's globe-hopping eras tour. >> unbelievable. >>> stay tuned with the biden administration's assistant attorney general department of justice jonathan kantor. 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(vo) it's true. opendoor makes selling easy, in any season. >>> welcome back, everybody. taylor swift may have wrapped up her record-breaking eras tour, but the impact on the concert and entertainment industry is just beginning according to our julia boorstin who joins us right now with the first installment of fast forward. good morning, julia. >> reporter: good morning, becky. the legacy of the $2 billion eras tour is happing the industry. taylor as taylor's approach shows in fewer cities made more fans travel which insiders say trans formed the fan community. it normalized concert travel which created a robust fan experience. fostering dressing up in sequence and friendship bracelet bar barter system. sabrina carpenter and billie eilish fans are camping out a week ahead of her concert in l.a. this is fandom with a massive marketing payoff. livenation will have more concerts next year with the total ticket sales for next year out pacing double digits as of early november. nathan hubbard says her three and a half hour concert raises expectations of a show pushing artists to perform longer and he lab rat sets. he says they will flock to experiences like the sphere in vegas. theater chains are looking to the concert film released by amc and grossed $261 million worldwide. sources tell me that studio marketing chiefs are striving for the blockbuster performance that comes when fans dress up for barbie and wicked. the payoff for a watercooler moment is one reason that disney is focusing on making fewer, but having bigger releases. also, becky, the eras tour shows the undeniable value of female consumers. >> yes. that is the take away. i gotten into this. i didn't consider the idea how this changed concerts for every artist out there rethinking how you do things. with the industry, the media industry fragmented right now, does it make it harder to have a global superstar like taylor swift? >> reporter: it does and doesn't. on the one hand, there is a fragmented media dry, but artists pop up ver the world. one thing i was hearing from sources as i talked to yesterday, is taylor swift is a bigger global phenomenon than madonna. she is touring in more countries than madonna and has a bigger global appeal. of course, you have the phenomenon of the travel. she was definitely the biggest global star that we've seen. i think it will deaf finitely b hard for anyone to recreate her success. we will see the artists take a page from her book and figure out how to learn from what was so impactful and successful for her. >> sees a unicorn in about 50 different ways. literally. >> absolutely. >> her songwriting ability. you have seen her concerts. they are three hours. you have been to one? >> i went to one in los angeles. it is amazing. >> can you imagine doing 40 of those? >> it was a huge physical, you know, experience so hard to perform for that. what she did with the mini residencies, she gave herself a couple days to rest which allowed her to perform for three or four nights in a row. that allowed them to build the giant sets. if she was doing a concert for one night or two nights and many more different cities, it would not enable her to have elaborate sets for rest after the performance. >> they are lip syncing on the macy's day parade and on new year's eve. mariah carey cannot get through one song. 140 of those. how many outfit changes in 140 performances? thousands. >> i don't have the tally, but a lot. >> thousands. that's almost like super human. i don't know why someone -- you get to the first billion. i need another. let's go for the second billion. it's crazy. you really have to like what you're doing. >> she loves what she does. juli tnka,ha you. >>> breaking activity from the labor department. we'll bring it to you. "squawk box" is returning right after this. with mild-to-moderate covid-19 and a high-risk factor for it becoming severe. it does not prevent covid-19. my symptoms are mild now, but i'm not risking it. if it's covid, paxlovid. paxlovid must be taken within the first five days of symptoms, and helps stop the virus from multiplying in your body. taking paxlovid with certain medicines can lead to serious or life-threatening side effects or affect how it or other medicines work, including hormonal birth control. it's critical to tell your doctor about all the medicines you take because certain tests or changes in their dosage may be needed. tell your doctor if you have kidney or liver problems, hiv-1, are or plan to become pregnant, or breastfeed. don't take paxlovid if you're allergic to nirmatrelvir, ritonavir, or any of its ingredients. serious side effects can include allergic reactions, some severe like anaphylaxis, and liver problems. these are not all the possible side effects so talk to your doctor. if it's covid, paxlovid. ask your doctor today. >>> rick santelli is standing by with breaking news. rick. >> these are productivity numbers, joe, that secret sauce of the economy. non-farm payroll activity levels for the third quarterfinal read. we take 2.2%, the last look, and it remains the final permanent read. 2.2% on productivity. it's the best quarter going back to the last quarter of 2023 when it was 3.1. i know there's been a lot of talk about the improvement of productivity. there is some truth to that, but to put a face on it, if you look at the year before covid, here is the four quarters of productivity. 3.4, 2.4. those are the 2019 numbers. it is not as these are lofty, but they are making a comeback from bouncing around post and during covid. now unit labor costs are coming in at 8 cents. this is really interesting because on our last look, it's almost half. it's actually more than half of the 1.9 that we had on our last look. we're looking for it to rise a bit. 1.9 was the highest level going back to last quarter of last year. now, we revise to .8%. that is lightest going back to last quarter of 2022. that is pretty good news and you are seeing a little bit of buying pushing yields down on that. we also had that small business optimism index. that was the best in three and a half years. currently, we're at 4.13 in the two-year. that's unchanged on the session. if you look at the ten-year, it was 4.23 on the number. now 4.22. it is up and at 1:00 eastern, we start the first of three legs from the supply of the u.s. treasury coupon supply. today is a three-year to the tune of $58 billion. total package includes tens and 30s on wednesday and thursday respectively. we'll add up to 119 billion. these are reopenings for 10 and 30. joe, back to you. >> wow. okay. who could explain all this? rick could. we could get to steve liesman. hey, steve. >> rick did a wonderful job of explanation it, joe, i would say. this is a huge debate out there right now which is how hot can we run this economy? when you have stronger productivity and lower unit labor costs, it suggests you can run an economy that is somewhat hotter. i say this in context of the debate of all the emails i've got inn from ten from the marke participants who say the fed is crazy to cut rates because unemployment is low. there are two things here. look at the unit labor costs. big downward revision that rick pointed out. what does that tell you? it scores the comments from the governors that the job market is not a potential source of inflation because unit labor costs are low. then you look at the idea that, hey, the fed may cut in a week. this is something that helps the federal reserve cut if the inflation numbers come in or if they behave in the data tomorrow. the story is going to be this that if the inflation numbers behave, then you can have a relatively hotter economy because the productivity numbers, plus the job growth give you the potential growth. i will say this, joe, every single fed official has talked about productivity in the last several weeks. last several months. they do not rely upon it because in general, these things tend to revert back to the mean. where are we right now? 2.2 is the average of the last several quarters. that is up from 1.7% if you end up back to 2009 for example, which was the quarterly average. doesn't sound like much, joe, but if you put a half on the growth, you have an economy that could run hotter than before and suggests the fed can come down a bit without creates inflation. that's the theory. we will see if it works in practice. >> we will. january 20th is coming. we may be running hot, you think. it's already been hot, has it not? >> joe, that's a fascinating question here. rick pointed out the nfib survey and optimism there. if the optimism translates into investment, you could have a hotter economy with pretty good results over the past several years and it could get better, i think, if you balance out the positives and negatives from the trump administration, you could have an investment boom with lower tax rate and perhaps the pulling forward of depreciation which is a big thing for a lot of companies right now. >> okay. all right. thanks, steve. see you later. andrew. >>> okay. coming up, the department of justice anti-trust chief jonathan kantor will join us with an exclusive interview with just weeks left in the biden administration. we will talk about the accomplishments and regrets and what could be ahead once president-elect trump tas ke office. all that and more once "squawk box" rolls on after this. holiday shopping is on! up to half off clothing from nike, the north face, under armour, and more. 20% off hoka bondi shoes. 50% off select ncaa clothing. shop in store or online. or use curbside pickup! give the gift of sport at dick's! (vo) this holiday, verizon will turn your old shop in store or online. or use curbside pickup! or broken phone into a gift. anyone can trade in any phone in any condition and get a samsung galaxy s24+, on us, with circle to search. even if your phone is old or dated, you can turn it in at verizon for gifts for you and the family. it's your last chance to get galaxy s24+, watch and tab. all three on us. that's up to $1,900 in value. survive the holidays with samsung, powered by verizon. 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. ♪ >>> welcome back to "squawk box." futures right now, the dow is worse and the nasdaq is probably a little bit better levels earlier, but still maintaining 33 points of upward momentum pre-market. treasuries. about 4.20. 4.22 now. we were below 4.20 earlier this week. if you look at bitcoin, it has pulled back from 100,000. it is below $98,000. >>> our next guest leads the department of justice anti-trust division under president biden and overseen the landmark cases against big tech. the future of anti-trust law at this point in the u.s. is uncertain as the next trump administration takes place. joining us now is jonathan kantor for the anti-trust division for the department of justice. good morning, sir. lots to discuss. love to talk about your tenure, but i love to start with how you see what you have done the last four years and how it will shift the next four years with the change in administration and real really, i think, the broader shift in mind set of anti-trust policy is supposed to look like in this country. >> great to be with you. first of all, when i started my position, i said that my goal was to make sure we had the maximum impact while we had the opportunity. so, i think the way to build a lasting legacy and lasting impact is demonstrate we can be effective and meet the needs of the public while we have the opportunity to do so. i'm really proud of that. we brought the biggest cases and won the biggest cases and have the most effective and widespread anti-trust enforcement since fdr. that will be lasting legacy. that comes on the back drop of the different conversation of the policy of anti-trust enforcement in our country. if you think where we are will today relative to 30 years ago t is night and day. it say deep desire among the public to see an economy to provide more for people. whether it is the farmer looking to operate the small business in rural america or the start-up trying to compete against the large tech company or someone looking to disrupt the healthcare system that needs disruption. creating those kinds of opportunities are what we are focused on doing and have been successful. >> jonathan, all that may be true, but at the same time, there is a question mark if you think the election was a rebuke of the more aggressive approach to anti-trust and regulation that the last administration took, no? >> no, i don't believe that's to be the case. i'll leave politics to others. i think if you ask americans whether they think enforcing the anti-trust laws or reducing the power of large companies is helpful to our democratic society, i think the answer to that is unequivocally yes. i'm pleased anti-trust is one of the few areas that nscends politics. i think that is very important to the public's acceptance of our agenda and work. >> jonathan, you brought a whole number of cases that obviously are going to be ongoing meaning they are not completed and not finished and many will be appealed under the next administration to the extent they have been adjudicated. once others with investigations taking place. how many of those are you concerned are going to end in the next administration? >> yeah, listen, those decisions will be made by others, but i think we have been very selective in kur ating our cases. we have strong cases deeply rooted in the facts and law. they are deeply popular because they resonate with the public. and i'm a firm believer that strong cases that have support will likely continue because they are important. ultimately, those decisions will be made by someone else. i will point out these questions came when i arrived. some of the biggest victories were matters investigated or brought in the prior administration. i think there is a strong, rich tradition of anti-trust cases carrying on from one administration to the other. >> jonathan, let me ask you one one of the cases which is the case against google. i want to show you video from the interview i did with sundar pichai, the ceo of alphabet. you talked about the case you referenced and originally brought by the trump administration. let's show it to you. >> provide the services and we open source and publish this innovation. the anti-a.i. transform architecture, et cetera. lots of our products are open source. you know, look, will leaders find an ongoing litigation. i have faith in the judicial system. >> is that a case, sir, you see continuing and i ask because apparently president-elect trump has made comments not only that he cares about competition, he alluded to that, but at the same time, he is talking quite openly about wanting to have strong technology companies like google in this country and has talked about even the national security issues or just the strength of projecting strength against a china for example. >> yeah, the beauty of law enforcement is that and i agree with mr. pichai on this. these are active matters and we have deep faith in our judicial system. we adjudicate them. we received a favorable decision from the court. that will remain ongoing. in terms of competitiveness abroad, let me start by saying we don't need to -- our competitiveness abroad doesn't allow companies domestically harm smaller u.s. companies domestically. we are best with the open economy. not a planned economy. this is a tradition this goes back to the reagan administration. at&t facing a break up made an argument the government shouldn't break up at&t. the government shouldn't break up at&t, because national telecommunications champion was necessary to compete against the soviet union. the reagan administration rejected that argument. and i think in today's world, a competitive, open u.s. economy that allows companies of all sizes and shapes, u.s. companies, to thrive and be successful is how we maximize our competitiveness abroad. >> you know, when you look back on the last four years, i'm sure that there's lots of things that you point to that you're proud of. any regrets? anything you wish you could do over? >> i think i've stuck with the old kenny rogers adage, which there will be time enough for counting when the dealing's done. still more dealing to do. always there are regrets and things you learn along the way, but i'm proud of the fact that we've made decisions with a compass in mind, meaning a true north of doing the right thing for the right reasons at every turn. >> you put out some very, i would say, aggressive or just, more aggressive guidelines at the beginning of your tenure, maybe a year, year and a half into it. how do you think you're going to feel ithey come out with guidelines and it looks like they're reversed? >> part of the jobs job is making the best decisions you can in the time you have, and having your own impact. and the next crew will have every right to make the decisions of what they believe is right and i respect that. and it will be rooting them on, because their success is the success of the economy and the country. >> do you have any sense -- we sometimes talk about j.d. vance, who has talked about admiring lina khan in some ways. do you have any sense whether this next administration -- i mean, i think the knee-jerk conventional view, conventional perspective is that trump is going to try to unleash, you know, and get rid of a lot of the regulation and not be nearly as aggressive as you were. but at the same time, there's sort of an interesting cross-current. do you have any sense of -- i know you don't want to talk about politics, but you're about to go back and be a civilian with the rest of us. maybe you can sort of bring us into that world, because i think you've alked to a lot of these players. >> yeah, listen, i think all of this really starts with the public sentiment. and again, i was mentioning a little bit ago, if you look at where anti-trust is today versus 30 years ago, it's night and day. we've seen a shift in our policy, and that's because we've seen a shift in how the country views corporate concentration. i don't think that's going to change. how it's implemented and will shift, and it will evolve, just as it has from the last administration to the current administration. but i think we've seen a great deal of continuity, including from the trump administration to the biden administration, and i expect we'll see an evolution to continue and i think that's healthy. healthy. >> what do you make of so many of the folks that are a part of this trump cabinet or will be appointed to other positions in this administration, that come from business. i would imagine -- and i'm not contending that they're going to do anything untoward, but their perspective, right? their life experience is going to be coming from oftentimes the top of business institutions. do you think they'll think about differently? >> i think the goal of public service is to make sure that you're putting the public first. my hope is that whoever takes over throughout the government will do just as we have, which is put the public first. but you know, i think people's life experiences help inform their outlook. i came from private practice. i spent many, many years working on all sides of issues and i think that's helped me become a better, more successful enforcer. >> one big question i have for you is about ai and technology. and how that may change all of this. you know, a lot of the cases that have been brought in the past to some degree, i now look at it and think of google in this example. that whole world may get blown up in the next five or ten years, because there are going to be competitors that didn't exist even, you know, 18 months ago. and so i wonder whether we're going through such a technological revolution. and how you think that that should be considered in the context of anti-trust. by the way, you know, for a very long time, in the media world, there hasn't been, you know, big mergers, because there was a view that there was too much concentration. at the same time, you're seeing sort of just a complete revolution in terms of how we all consume and get media, which may portend a good reason for there to be more consolidation, for example. >> this is really important. anti-trust is often most important at times of great inflection points. when you think about the history of anti-trust cases, whether it goes to telecommunications and the development of the microchip and pcs and ultimately the microsoft case, for example, was brought around the time that we were seeing the broadband revolution and the rise of the internet. preserving the ability for those to have maximum success in disruption, so we can see a new range of companies compete is what we should be after. and i think ai present alts of really kpooit exciting opportunities. it creates new vectors of competition. and we want to make sure those new competitors have the opportunity to succeed in a durable way. one thingly point out is i think our goal should be to have more public companies. i think we want not just the same incumbents to recycle and compete in the next wave of technology. i think we want to you usher in new generation of great companies that have not maximized terminal value, not just by selling to a larger business, but by becoming strong public companies that can have a durable impact. >> do you know gayle slater, who will effectively be taking your role in this? >> i do. i've known gayle for a very long time. >> have you talked to her about this new gig? >> i have not. i'm excited that the president-elect has announced permanent leader. gayle is someone who's well known in the anti-trust community for being smart and experienced. our goal right now is to make sure that we hand off the anti-trust division in strong working order to the next group. >> real quick, how do you think about international anti-trust enforcement efforts? i'm thinking, by the way, even in the past two days, we've been following this nvidia story in china, and how often you think anti-trust is being used because there actually are competitive issues in these other countries, and how often do you think it's being used as a negotiating cudgel, and i say that because also, there are going to be questions about how this next administration uses all sorts of things, whether it be tariffs or decisions around the future of tiktok on national security ground or other things, but could also turn into a negotiating tool for these countries. >> i don't believe antitrust enforcement should be used as a negotiating tool. it's a matter of law enforcement that should be used to help open markets and make them competitive. and so, you know, ultimately, we enforce the anti-trust laws in the united states in order to make sure that our economy is working for people in the united states. and that has always been our north star. i think we have to do that against the backdrop of a global economy. it's important to be mindful that a lot of the issues that we confront are the same kinds of issues that people abroad are confronting. but it's important to make sure we enforce our laws for our people, our people. >> you worked at paul weiss. what do you think happens after this? is it easy for you to go back into private practice? because you were so aggressive. i wonder whether the business community says, great, i love him, or, if you've done your job properly, are you not beloved in that way? >> so my job was not to make friends. it was to represent the people and be effective. my only plans right now, after doj, are threefold. first to spend time with my family, second to pursue my life-long ambition to be a professional intermediate skier, and three, to count the days until spring training when i can see juan soto step up to the plate wearing a new yorklacks, but i know my limits and i don't want to be too ambitious here in my post-doj career. >> jonathan, i want to thank you for joining us. it's been a pleasure to talk to you over the past four years and hope we have an opportunity to do it again. >> i hope so. >>> when we come back on the other side of this, top stocks to watch as we make our way towards the opening bell on wall street. you're watching "squawk x"nd iss bc.bo a at t. rowe price, we help advisors move forward by building agile etfs designed to outperform the index. that's the power of curiosity. better questions can lead to better solutions. t. rowe price. invest with confidence. >>> lara trump wants to be the next u.s. senator from florida, according to a "wall street journal" report. we've heard this already, i think, though. it says that president-elect trump recently spoke to governor ron desantis about his daughter-in-law. desantis will fill the seat being vacated by senator marco rubio, who's expected to be con

he's a york a york university student. >> that sounds. >> that sounds. >> we've been named as a spy, we're not really sure what spying he actually did. no one's saying what he had. he had, other than he's a pen. >> he had a pen that did multiple things. did he really shot darts? he had a he had a dart. he had a belt. >> i mean, we raised this last night as far as we can understand. he started cosying up to andrew after andrew had already been essentially ostracised from polite society, from royal engagements, from his access to business. >> yeah. it's not thought that andrew has any useful information for a spy, but he does have contacts that would be useful for a spy. you know, he's away. in what a sad way. in epstein, for instance. so what's going on is useful. one, andrew's been hanging out with this dodgy chinese guy so he doesn't get to go to the family christmas party now as a punishment and hang out with the king, who's been hanging out with the dodgy leader of qatar. so whether he should go to the super dodgy and also now he's been poor old prince andrew on the front there yo