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Squawk Pod

Robert Kraft Confronts Campus Hate & Lina Khan on Banning Noncompetes 04/25/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2543 Ratings

🗓️ 25 April 2024

⏱️ 38 minutes

🧾️ Download transcript

Summary

The Federal Trade Commission voted for a nationwide ban against noncompete agreements, which companies use to prevent employees from taking jobs with competitors in the same industry. FTC Chair Lina Khan addresses the agency's decision for the ban, as well as the potential impacts on businesses and workers. Meanwhile, House Speaker Mike Johnson and his Republican colleagues faced opposition when they appeared at Columbia University amid ongoing protests against Israel's conflict with Hamas. Robert Kraft, New England Patriots owner and founder of the Kraft Group and the Foundation to Combat Antisemitism, discusses the recent protests at Columbia University and other campuses and the concerning rise of antisemitism and his efforts to combat it. Plus, the Biden administration introduces new rules for airlines, mandating automatic cash refunds and prohibiting surprise fees. Lina Khan - 04:05 Robert Kraft - 24:14 In this episode: Lina Khan, @linakhanftc Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin 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 Squawk Pod.

0:09.0

Banning non-competes, Lena Khan, chair of the Federal Trade Commission

0:13.1

on the binding deals that keep workers tied to their jobs.

0:16.7

Getting rid of non-competes will be good for workers.

0:19.2

It'll be good for the labor market.

0:20.9

But it's also going to be good for our economy.

0:26.6

Pro Palestine demonstrations sweep university campuses, young Americans, and the Israel-Hamass

0:32.0

war. Who doesn't know what happened on October 7th, though? young Americans in the Israel-Hamas War.

0:32.8

Who doesn't know what happened on October 7th, though, by now?

0:35.6

And when words matter.

0:37.5

We're past the point of naive.

0:39.2

Ivy League Columbia University at the heart of the unrest,

0:42.4

graduate and donor Robert Kraft,

0:44.3

owner of the New England Patriots, joins us.

0:46.5

I think that Alexander and John Jay

0:49.2

would be flipping in their grapes

0:51.5

if they saw what's going on at Columbia now.

0:55.0

And he offers a stark warning.

0:57.0

This is 2024 in the United States of America.

1:01.0

Am I hearing things right?

1:04.0

It's Thursday, April 25th, Squawk Pod begins right now.

...

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