Khan’s Case against Amazon & Union Politics 9/27/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 27 September 2023

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Lina Khan, FTC Chair, is frequently seen as the face and the voice of the Biden administration’s antagonism against the “bigness” of big tech. The Federal Trade Commision and 17 states have filed a landmark lawsuit against Amazon for monopolistic practices; the chair of the commission defends the agency’s decision to pursue the company. President Biden became the first sitting President to walk a picket line, when he traveled to Michigan to throw his support behind striking autoworkers. Detroit’s legacy car companies could be pressured by the UAW strike right into bankruptcy, warns Tesla CEO Elon Musk. Walter Isaascson, Musk’s biographer, weighs in on the view of one of the world’s richest men toward unions and how work is changing. Plus, Target announces store closures due to a rise in retail theft and the WGA strike ends, sending writers back to work. Lina Khan 12:41 Walter Isaacson - 24:24 In this episode: Lina Khan, @linakhanFTC Walter Isaacson, @walterisaacson Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:04.0	Hi, I'm C NBC producer Katie Kramer today on Squack Pod.
0:08.0	FTC Chair Lena Khan taking on Amazon.
0:12.0	So this lawsuit is fundamentally
0:14.5	about protecting free and fair competition.
0:17.8	The top antitrust regulator suing the online retailer
0:21.3	we can't live without for being too big.
0:24.0	There are certain dimensions of competition that only online superstores can fill
0:29.2	and the complaint lays out what some of those key dimensions are.
0:32.3	Elon Musk says union demands. lays out what some of those key dimensions are.
0:33.3	Elon Musk says union demands could bankrupt the big three automakers.
0:37.5	Musk man Walter Isakson on the change to work.
0:40.7	There was a period of time where I worked at a Tesla plant was making more than you because the stock was
0:45.1	No, no, no, not more than me.
0:48.3	Plus Target closing stores due to a rise in theft, the picketer in chief,
0:52.8	and what we learn when strikes wrap up.
0:55.4	The deal will last until May of.
0:57.6	Ready for this?
0:58.2	Only 2026.
0:59.4	Oh God.
1:00.0	This could happen all over again.
1:02.0	It's Wednesday, September 27th,
	...

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