French President Emmanuel Macron & Live Nation’s ‘Monopoly’ 5/23/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 23 May 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Department of Justice has sued Live Nation, the parent of Ticketmaster. Attorney General Merrick Garland alleged that the company “relies on unlawful, anticompetitive conduct to exercise its monopolistic control over the live events industry in the United States at the cost of fans, artists, smaller promoters, and venue operators.” Tim Wu, former Special Assistant to the President for Technology and Competition Policy, considers the DOJ’s potential actions moving forward. In Paris, Andrew Ross Sorkin sat down with French President Emmanuel Macron for an exclusive, extended interview. The discussion spans Federal Reserve and European Central Bank policy, as well as the Israel-Hamas War and funding to rebuild Gaza. Plus, Nvidia’s revenue more than tripled in its latest quarter. President Emmanuel Macron - 13:40 Tim Wu - 22:05 In this episode: President Emmanuel Macron, @EmmanuelMacron Tim Wu, @superwuster Becky Quick,@BeckyQuick Andrew Ross Sorkin,@andrewrsorkin Michael Santoli, @michaelsantoli 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, today on Squackpot.
0:09.0	French President Emmanuel Macron in an exclusive interview on the global economy, the Middle East.
0:15.0	This is for me the main way to have sustainable peace in the region,
0:18.0	to say the security of Israel is part of our objective in the region and our top priorities.
0:23.8	Palestinian state is a good thing because this is a relevant and a fair request from Palestinian people.
0:30.4	The French leader even weighs in on sustainability and the Paris Climate Accord
0:35.0	in a possible return of a President Trump.
0:38.0	I do my best, and I will do my best to convince him if he were present.
0:42.0	And the brewing legal fight between the government... to convince him if he were president.
0:42.5	And the brewing legal fight between the government
0:45.1	and ticket master, law professor Tim Wu,
0:47.6	on the DOJ, V, Live Nation.
0:50.4	Americans are paying more for no particularly great reason.
0:53.7	This is overdue.
0:55.4	This is the kind of thing government should be doing.
0:57.5	Plus the rest of today's stories that got us squawking.
1:00.6	Invidia shoots for the moon.
1:02.2	And Palm Beach house cleaners taking their secrets
1:05.3	to the bank, Robert Frank reports.
1:07.9	It's expensive to be rich, Robert, I think,
1:09.7	is one of the lessons.
	...

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