I'm Carl Kintanilla. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.

Happy Wednesday. Welcome to Tech Check. I'm John Fort with Carl Pintanilla and Dia Drabosa.

Today, Tim Cook calls Nancy Pelosi, why Apple CEO is concerned about a series of antitrust bills being debated today. And then an exclusive with former Walmart exec and Jet.com founder Mark Lorry, what we learned from Prime Day and what we didn't.

And later, Bitcoin Circuit Breakers, the levels to watch this morning and Kathy Woods' crypto conviction, that's next.

Meantime, NASDAQ, adding to its record closed yesterday, hitting another all-time high at the opening bell as tech

stocks continue to outperform the broader market. We'll explain the disparity between monopoly

markets later this hour, Carl. D, though, we're going to start with antitrust. Apple's Tim Cook

did call Nancy Pelosi, the House Speaker, over a series of bills being debated today that could

significantly curb tech's power.

Meantime, why do we play Rathakon? FTC, Chair Lena Khan has already found her first antitrust target, set to review Amazon's planned purchase of MGM studios.

And we told you about the EU's probe into Google's ad business earlier in the week. So is this really big tech's monopoly moment?

Elon Moy has a lot more on that. Morning, Elon. Well, good morning to you, Carl. Democrats are

framing this debate and opening it this morning by calling these bills the culmination of a methodical

and detailed investigation into the business

model of big tech. They spent 16 months looking into these companies. There were 10 hearings.

They combed through 1.3 million documents and summarize their findings and a final report that spanned

450 pages. Now, this is lawmakers essentially for budding the pleas from the companies themselves,

Apple, Amazon, Facebook, Google, and Microsoft to pump the brakes on legislation that the industry

claims could end some of the most popular services. But committee chairman Jerry Nadler argued

that this is a historic effort and necessary to protect democracy itself.

The unchecked concentration of economic power in any industry poses a danger to our democracy.

Our country and our political institutions will be stronger as a result of the important reforms to open markets to new competition that are set forth in the

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