FTC’s Lina Khan Heads to the Hill & #BarbieCore 7/13/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 13 July 2023

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

A federal judge rejected the Federal Trade Commission’s effort to block Microsoft’s acquisition of Activision Blizzard, another blow to chair Lina Khan’s agenda for the regulator. House Judiciary Committee Chair Rep. Jim Jordan (R-Ohio) shares his concerns about the agency’s efforts and discusses the questions he’ll be asking Khan when she sits before the committee today. Plus, recent economic and jobs data suggest a slowing labor market and cooling inflation, Pepsi and Delta are kicking off this earnings season, and Barbie has taken over. CNBC’s Courtney Reagan reports on the massive merchandising movement accompanying the Barbie movie’s release. In this episode: Joe Kernen, @JoeSquawk Kelly Evans, @KellyCNBC Courtney Reagan, @CourtReagan Klaire Odumody, @klairemarie

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squag Pod.
0:06.0	I'm C. M.C. producer Claire Odomodumody
0:08.0	today on our podcast.
0:10.0	Markets on a mini winning streak and earning season kicking off.
0:14.6	Getting a little bit of a bump first thing in the morning here.
0:17.6	A federal judge has rejected the Federal Trade Commission's request to block the Microsoft acquisition of Activision Blizzard.
0:24.7	Now there's going to be tons of analysis about whether this was the wrong move and will set back
0:28.0	progressive policy hopes for five or ten years.
0:30.8	And chair of the FTC, Lena Khan, is said to speak at a House Judiciary hearing.
0:36.0	Republican Jim Jordan, chair of the committee hosting her, gives us an idea of the questions
0:40.1	Khan will face.
0:41.1	She's against the consumer welfare standard. She's against what Consumer Welfare Standard.
0:43.0	She's against what's good for customers,
0:46.0	what's good for the consumer, which has been the standard for 40 plus years
0:50.0	in this great country.
0:51.0	Those stories plus, Disney's Bob Iga extending his stay at the
0:56.0	House of Mouse and...
0:58.0	H-tag Barbie Corps.
0:59.4	C. NBC's Courtney Reagan reports on the Barbie merchandise boom.
1:03.2	Barbie martini glasses, pink, perky everywhere.
1:07.6	It's Thursday, July 13, 2023.
	...

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