Antitrust Trial of (This) Century: DOJ vs. Google; China’s Moves around Taiwan 9/22/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 22 September 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Over the next few months, the DOJ and a collection of state attorneys general will make their case to a D.C. District Court judge for why Google has allegedly violated anti-monopoly law through exclusive agreements with mobile phone manufacturers and browser makers to make its search engine the default for consumers. Tim Wu, Columbia University Law School professor and former Biden administration antitrust advisor, discusses the ongoing Google antitrust trial and why he believes the trial will re-write our future. Admiral James Stavridis, former Supreme Allied Commander of NATO, discusses the current state of China-Taiwan tensions and the risk of a potential conflict in the region. Plus,the Republican stalemate over government funding continues and roughly 12,700 UAW workers are currently on strike, but the movement is spreading to more plants. Additional links: Check out Harry Wilson, former senior member of President Obama’s auto industry tax force, offering lessons from previous auto strikes, recently on Squawk Box. Tim Wu: 12:50 James Stavridis: 22:04 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer.
0:07.0	Today on Squawk Pod.
0:09.0	Google in a legal defense for the ages,
0:12.0	charged by the government of antitrust practices for putting its search engine on your iPhone.
0:17.0	To the tune of about $18 billion a year, which is not quite chump change.
0:21.5	Competition expert Tim Wu on the case.
0:24.1	It's harder to be a monopoly if you are acting
0:26.5	with another company and you're paying them for the positioning.
0:30.0	And the lessons from trials past.
0:31.9	Fundamentally, Microsoft is more about sticks
0:34.3	and this is more about carrots.
0:36.4	The risk of potential conflict between China and Taiwan,
0:39.8	former NATO Supreme Allied commander,
0:41.6	Jane Stevritus.
0:42.8	In dealing with China today,
0:45.3	the UAS ought to take an approach of confront
0:48.9	where we must, but cooperate wherever we can.
0:52.8	Plus the UAW strike spreading to more plants,
0:56.7	the government countdown to shutdown,
0:59.4	and do you ever think it's just a lot of bad news?
1:02.4	What happened to the 50s? Do you remember think it's just a lot of bad news?
	...

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