for me, the take away is e-commerce doing better. joe: let's bring in the code proprietor of "gma" -- gme. one of the originals. you are a very serious investor. you have 30 seconds to digest these earnings and give us your complete analysis. what is your take away from the quarterly report? >> a lot of time to really dive in d. scrolling through the release, the big take, looking at the 2021 strategic adjectives, a lot of language around customer care operation. that goes in line with what we have been seeing with executive hires. really bringing the business from being the legacy break and mortar oriented business to a digitized customer centric operation. caroline: talk to us about e-commerce and happy birthday by the way. >> belatedly one day. caroline: global e-commerce sales in the salt -- the small print spread to 191 percent representing 30% of total net sales. how does that fit into your long-term vision of how much we move away from bricks and mortar and into digital only. >> the comp number looks great, which comes off a l

president, these are very big challenges for the department of commerce and the next commerce secretary to basically make sure that the impacts of covid are dealt with in our economy and to usher in a new era of an information age by making the right investments and depending ons science to help our -- depending on science to help our key communities and harnessing the aspects of noaa and bringing in the leadership we need at the department of commerce to resolve our problems as a new digital age emerges here on an international basis and continue to allow our economy to grow. i know she's the right chis 0. i urge my colleagues to support her nomination. mr. president, i thank the president and i yield the floor and suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: quorum call: the presiding officer: the senator from texas. mr. cornyn: mr. president, i ask unanimous consent that the quorum call be dispensed with. the presiding officer: without objection. mr. cornyn: mr. president, this week, our democratic colleagues are striving to break

what you are seeing here is basic commerce — what you are seeing here is basic commerce being _ what you are seeing here is basic commerce being broken - what you are seeing here is basic commerce being broken on - what you are seeing here is basic commerce being broken on the l what you are seeing here is basic- commerce being broken on the wheel of national— commerce being broken on the wheel of national priorities. _ commerce being broken on the wheel of national priorities. so, _ of national priorities. so, agreements _ of national priorities. so, agreements were - of national priorities. so, agreements were made i of national priorities. so, - agreements were made between of national priorities. so, _ agreements were made between the companies _ agreements were made between the companies and — agreements were made between the companies and the _ agreements were made between the companies and the european - agreements were made between the companies and the european union i agreements were made between thel companies and the european union in order— companies and the europe

hear this story from the secretary of commerce himself. here is the honorable sinclair weeks, the secretary of commerce of the united states. >> in the department of commerce, we are constantly alert to trends that mean a healthier national economy. better business for the nation as a whole. recently we have been interested in a rising young market, one that represents a huge potential for goods and services. i'm referring to the new negro market. the tremendous buying power of this group is backed by an increased earning power. the average negro family's income is at a record high. in fact, since 1939 it has increased more than the average income of all other americans. just take a look at a few figures. an official department of commerce report shows that at least one-third of the negroes living in cities earn from $2,000 to $5,000 a year. today the average negro wage earner brings home a paycheck four times larger than the one he collected in 1939. as a whole, the negro market has a total income of about $15 billion every year. after ta

is a a member of the energy ad commerce committee. cat zakrzewski is our guest reporter from the "washington post." >> congressman, you mentioned the word responsibility several times in the conversation, and whom we talk about the lot as the conversation is to section 230 which basically means for these tech companies don't have to take legal responsibility for the type of harmful content other platforms. based on what you were saying do you think it's time to reform or repeal section 230? >> guest: thank you, cat. section 230 has provided a a tremendous amount of innovation and the internet and it's made a lot of commerce possible. so it's been a great tool. but we see it as being abused by some of these large entities, and so we need to look at ways that will disincentive the use of 230 come to shield them from liability of bad behavior. does that mean repealing it? i don't think so but it means taking a closer look at it. can we use legal avenues or financial avenues? can we use antitrust? how are we going to move forward on this?

. >> host: it was february 24 of this year that the energy and commerce committee held a hearing on media and disinformation. one of the members of that committee representative jerry mcnerney of california as our guest on "the communicators" this week. we wanted to show you before we introduce him a little bit of what he had to say at that hearing. >> the rampant disinformation and conspiracy theories that we witnessed to overturn the election results led to the insurrection on the capital and posed a great threat to our security and way of life but the foundation of our democracy is rooted in truths and in the effort to undermine that truthfulness is an effort to undermine and dismantle our democracy. we should all be concerned about any source that helps spread disinformation, conspiracy theories and lies. that is why i sent a letter with the reps ended of asking cable, satellite instrument providers the question to understand how disinformation spreads in the role of various companies enabling its spread. social media undoubtedly plays a larger role in enabling disinformation ecosyste

he is a member of the energy and commerce committee. cat's our guest reporter from "the washington post." cat: congressman you have , mentioned the word "responsibility" several times in this conversation. when we talk about that a lot of time, the conversation moves to section 230, which means tech companies do not have to take responsibility for harmful content on their platforms. based on what you are seeing, do you think it is time to reform or repeal section 230? rep. mcnerney: section 230 has provided a tremendous amount of innovation on the internet. and it has made a lot of commerce possible. so it has been a great tool. ,but we have seen this being abused by large entities, so we need to look at ways that will disincentive the use of 230 to shield them from liability of bad behavior. does that mean repealing it? i don't think so, but it means taking a close look at it -- can we use legal avenues or financial avenues? can we use antitrust? how are we going to move forward on this? i do not think it is necessarily a good idea to

they are fueling e-commerce growth. we see this as a really important long-term structural driver space, and we believe there is a lot of longevity in this market. we talk about it being the start of the runway, really. i think it is important to recognize that these are mission-critical buildings as well. you've got a long way to go. mark: supply chains have obviously been overhauled in the last year, both from the pandemic and brexit. i am curious to know how much more you think that supply chain is going to last, and are there big changes afoot, or is it more evening, smoothing some things out -- more evening, smoothing some things out? colin: covid has been challenging for us all. at accelerated trends that had already begun in the u.k. e-commerce has played a key role in the economic output. these are impacts that are lasting even as economies and countries recover. but we are proud to have been a part of that. we have worked hard to ensure the health and safety of our employees. despite these changes, all of our b

haslinda: we're talking e-commerce. an e-commerce explosion. the numbers sloshing around to $300 billion by 25. when you talk about the e-commerce explosion, is not just traditional markets like indonesia. now vietnam is coming into the fray and changing landscape, accelerating the exposing. >> devon really. what we have seen during the pandemic, not only regional economies like it in asia see strong growth, also been on, also malaysia, some of these economies are seeing big e-commerce growth. the penetration is still around free .5%. -- 3.5%. in china it is 35%, so there is still a lot of growth left. >> the question is whether we can get to thriller billion dollars in transaction even earlier -- 300 million dollars in transactions even earlier. >> the pay them a cash shift in consumer behavior. -- the pandemic has shifted consumer behavior. >> it seems like when you take a look at the e-commerce players, competition is within the domestic space. is there a sense that i could be more international and what we need to change for that to happen?

. >> it was on february 24 of this year that the energy & commerce committee held a hearing on media and disinformation. one of the members of that committee, representative jerry mcnerney of california, is our guest on "the communicators" this week. but we wanted to show you a little bit of what he had to say at that hearing. rep. mcnerney: the conspiracy theories that overturned the election results pose a great threat to our security, safety, and way of life. but our democracy is rooted in truth. in an effort to undermine that truthfulness, we should all be concerned about any source that helps us spread disinformation, conspiracy theories, analyze. that is why i sent a letter asking cable, satellite, and streaming providers the questions to understand how this information spread, and the role of various companies in enabling it spread. while social media undoubtedly played a major role in the disinformation ecosystems, traditionally media outlets should not escape scrutiny or accountability. peter: congressman, what prompted you to send that letter? rep. mcnerney: well, as i said

the chinese minister of commerce says but he avoid politicizing business. reporter: nike and h&m are feeling the heat in china. some of the country's most popular e-commerce platforms, dropping this wish retailer. celebrities have canceled contracts with the brands. consumers are boycotting them. >> [speaking native language] >> [speaking native language] reporter: at the heart of this, statements addressing allegations of forced labor and sean junk. -- in sean john. it is one of the world's top producers of cotton. it supplies many clothing brands with textiles. some firms have set to distance themselves from the region's cotton, angering china. >> [speaking native language] reporter: china was the only major economy to expand last year. sales losses there could hurt western demand at a time when it remains weak. greater china is also among 90's fastest growing region -- nike's fastest growing regions. >> thursday, britain and the u.s. announced sanctions against myanmar's conglomerate owned by the military junta. they control significant segments of the c

you know, are you trying to create the iac of e-commerce right now? you know, open store, rolling up a bunch of e-commerce names and if you're still can't talk about it, at least tell me what your view is on e-commerce right now working under, you know, amazon, facebook, all these different ways of getting to the customer and what's missing in the space? >> well, i think the thing that's missing in e-commerce is serendipitous discovery. amazon is a wonderful product, wonderful experience, incredibly delightful experience if you know what you want however, a lot of merchandising has value and the reasons why retail still the vast preponderance of transactions is people discover things that they didn't immediately know from a utilitarian standpoint they needed that is something amazon is not very good at at all. in fact is poor at that's one of the reasons, for example, when i want to find new books to read i wander through traditional book stores, even though i know how to use amazon, i'm probably in the top 1% of their customers easily, when i need to

. >> in the east bay, the oakland chinatown chamber of commerce along with city officials held a rally denouncing hate kron four's charles clifford was at the event. it has the story. >> the city of oakland has a large asian population on friday morning in chinatown, a rally was held to show support for that community on multiple fronts. in oakland's chinatown on friday city community and business leaders rallied in support of the asian community here and across the country which has seen an increase in racist attacks and violence over the past year. i all forms of racism, violence and racial profiling. >> this has no place in also siding city officials and business leaders also promoted the shop oakland campaign with mayor libby shaft making a specific plea for everyone to support asian own businesses which have been hit hard by the pandemic put your money where your values are. >> and that means shop spend money. >> order delivery or eat outside in this beautiful weather at asian owned businesses and businesses in chinatown in new saigon. throughout our city. we have such beautiful b

how the oakland african american chamber of commerce is doing its part. and we're almost done with winter. but winter is not done with us. more rain heading our way. we'll tell covid has made clear that having health insurance is more important than ever. at covered california, every plan is comprehensive, covering everything from preventive care to mental health. and it's the only place that offers financial help for health insurance. enrollment is open due to covid-19. if you or someone you know isn't covered, now is the time to sign up. covered california. this way to health insurance. enroll now at coveredca.com. >> after a nationwide search san jose has a new police chief end. he's a familiar face. yeah. the city council confirmed today, anthony motto. we'll start his new job as the city's police chief on monday. he's been serving as deputy chief now for more than 4 years. i first racist asio joins us live now tonight from san jose with more and that she might actually has been there. >> for quite a while have to look too far. >> and quite a while. y

those are issues that you've had to deal with at the new commerce company. >> they are a number of issues that we have had to tackle over the years and the way that we have always approach those issues is to keep the customer in mind and whether that's making sure the company rigorously guards sensitive customer data or whether it's ensuring that they tackle many of the complex issues that come up in a world where many people can contribute to your platform and need to figure out smart ways to moderate that. these are complex issues and amazon has had to tackle many of these. >> host: what about security mr. colin bryar? >> guest: security is very important and those are some of the things that really you have to design and from the ground up trust security and safety with processes and in particular with amazon web services the relationship that amazon has with those businesses is a very deep relationship and it's very integrated in the fundamental processes and partners that perform. from the ground up amazon has told safety is a key feature into whatever the next web service that the t

close commerce. very tough times in brazil across the country. exacerbated by the political situation, lack of vaccines and it is a very tough situation. >> one wonders if that will get any traction at all in this climate. >> yes, mr. bolsonaro, the president has always been against lockdowns but so have large parts of the population. brazil is a middle income country. lots of these people, they work during lunchtime. the economy is going through a terrible time in brazil. it was bad already before the coronavirus crisis. . that is it. when the president says things, he has always sneered and turned his nose up at the coronavirus. when he says things like it is not serious because -- serious because i used to be an athlete and it is like getting a cold. that resonates with large portions of the population that have to put food on the table but then there are the more cynical sections of the population likely well-off merchant associations we saw in brazil. they are in this for selfish reasons. >> did

, and it's_ in the throat of global commerce, and it's an — in the throat of global commerce, and it's an extraordinary. those pictures. — and it's an extraordinary. those pictures, the absolutely colossal taiwanese vessel with all this container— taiwanese vessel with all this container on it trying to dislodge it as it's— container on it trying to dislodge it as it's sort of crashed sideways into the — it as it's sort of crashed sideways into the banks of the canal. it really— into the banks of the canal. it really is — into the banks of the canal. it really is a _ into the banks of the canal. it really is a high—stakes game, there are 165— really is a high—stakes game, there are 165 vessels piled up, waiting to pass through that her stop at most and. pass through that her stop at most and -- _ pass through that her stop at most and. —— stuck at both ends. $10 a day is _ and. —— stuck at both ends. $10 a day is threatened by this continuing, so i think we have to see the — continuing, so i think we have to see the rescue approach. some are trying _ see the

by aggregating millions of different items that you couldn't find in the physical store under one e-commerce roof and then being able to ship those out to customers we had created significant value. that same position in the value chain that wouldn't work in digital media has in fact there would be no unique value creation by assembling all additional songs, digital books, digital tv shows under one roof while technically arduous and requiring some time there would be no barriers to any company in the world doing the same work. and you wouldn't be able to have the advantage of delivering faster to people, having a lower cost structure, all the things that are the hallmarks of why the amazon e-commerce business create so much value for customers so what we realized when we got to the end of the value chain where one of the value chains where content is created, alters, filmmakers and musicians and the studios and companies that support them, on the other end of the value chain really is the way that the customers listen to, watch and read digital media and that would become in intervening yea

i wonder how you're thinking about e-commerce rivalries internationally. i wonder if you think about the degree to which countries engage in some kind of national itch trying to champion their own e-commerce giants at the expense of others. >> i've been so lucky at softbank and lead e-commerce investments and have been involved with flip cart and indonesia and really watching this e-commerce ecosystem. i think all of these countries and these governments will evolve very differently in terms of how they handle foreign inve investment the localized innovation we're seeing and i'm publishing a piece to talk about innovation around the world, the idea innovation is coming from the u.s. and e-commerce i think is wrong. >> lydia, more broadly on softbank the strategy of betting very big has had mixed results i know recently we've seen some very positive results with coupang. i mentioned doordash and a few other recent ipos, also. we have to go back to we work in more recently losses what has masa son said to you about this particular investment on the eve of it

jobs, jobs, jobs issue led only in the construction of these projects and the commerce that it enables to happen. and in farm country where time is important in terms of product -- produce from fields, from farms to market and the rest, time, time, time. the list goes on and on. and it's not just roads and bridges and mass transit and high-spee rail but water systems. some of the water systems that we have now are over 100 years old. i have been saying this for 10 years. they are made of brick and wood. and we need to address the water system in my country. and one of my colleagues, congresswoman delabe -- tabe has been on this case as dan kildee representing flint, michigan. it's also about infrastructure. we see our telemedicine, distance learning, commerce through the internet, family interactions and the rest. so that piece of infrastructure which might not have been one we had 20 years ago, is important now. and for these and other reasons, schools, housing, all the rest. but remember this, this has always been bipartisan for us. in the years i have been in congress through the de

profits surged next to the palmer's -- e-commerce boom. they are up 5.5% over the previous year, and they've been actively involved in the vaccine rollout, committing to flight batches of shots around the globe and working toward zero emissions logistics by 2050. frank appel is currently ceo of deutsche post. express revenue, up 21%. are you all in on this transformation of how we live, how we -- how we order, and will it endure? frank: thank you for the compliments. we are full in. we've said that already for more than a decade. we see growth in all parts of our business due to e-commerce. consumers are changing their behavior and that's very visible in our operations. we also provide fantastic service and that's why we have seen a great increase in our revenues. annmarie: how sustainable is the surge in e-commerce demand once economies fully start to reopen? frank: if you look in markets like asia, where covid-19 is impacting the society significantly less, even after the lockdowns were over, we've seen the growth in e-commerce. that's w

shery: given the pandemic, it seems everybody was to get into e-commerce. are you concerned about competition? what is your edge? gunjan: i would say our biggest edge is the quality of the software and the fact that we only work with rent partners, which is our promise to our customers, especially in a region where there can be a lot of fake products that become available from indirect sellers. that is the core of our proposition, but we are also specialists in using technology in creating new interfaces for customers to be able to buy. for example, last year we launched a feature that allows you to shop all in one place, we are introducing live streaming and as people get more comfortable with e-commerce, it will be a big differentiator for interesting experiences online, to create a bridge for what they used to experience off-line. shery: you also launched a new data analytics solution. what is all this telling you about different nuances between regions on what people want? gunjan: first and foremost, we launched the service with our brand partners, beca

e—commerce will slow down. amazon is going to tell you that the next day delivery is not going to happen, probably. but the big thing as manufacturing, production plans. if you are a bmw plant in germany and you have components coming from asia you have what is on the shelf right now but they may not may see the shutdown in many manufacturing plants. let's go to singapore to speak to esben poulsson, chairman, international chamber of shipping. time lost is money spent. 400 million dollars an hour is the latest estimate on the value of trade held up — doesnt even take into account the insurance costs — who is going to pay? if it will be, the chain will play starting the ship owner and operator and it will go all the way down the value chain eventually to the consumer and of course the insurers. i of course the insurers. i wonder whether or not your members are already embarking on that plan b, that would all the way around the cape of good hope. is that what they are doing already?— hope. is that what they

japan's e-commerce pioneer is turning down three quarters of 1%. let's not forget the massive gains it had yesterday. over two days the stock is still up 21%, and we are approaching the lunch break now and tokyo. we saw that the company had its best day in 20 years. we also saw adrs following those gains. a $2.2 billion steak which could help go into ai finance and mobile markets. we spoke with the chairman and ceo and asked him why he has decided to make this move now. >> we are growing so fast, and we started our mobile service from last april it based on a very innovative network, which nobody has ever done. so, we still need growth capital for our e-commerce logistics and mobile investment. >> you have had mold insider ecosystem, so is that were all of the capital is going, and what are your plans. we need that for the nationwide network. we have the platform that is exporting to other countries as well. the money will go to mobile network buildout and mobile system development and mobile building logistics networks in japan. >> when it comes t

you are seeing commerce being completely wiped . away by national priorities. the fact is, variants can spread. we — are in a globalised world and as a result, we have to work together. nationalism will not solve this, but that is where we are. - meanwhile, ashis has referred to covax. right now, we must wonder why people are talking about boosters because we haven't even got the doses yet. "my mistake", german chancellor angela merkel told a news conference wednesday, after she scrapped a five day easter lockdown just 48 hours after it was announced. a third wave of infection is stalking europeans, including germans, but protests against lockdown are being experienced, both on the continent and in the uk. here, many have bridled at the idea, floated by mrjohnson, of having to show proof of vaccination even to visit the pub. ashis, in terms of the prospects of this over time, it looks as if pandemic, virus, will eventually become endemic. have we had enough of a debate yet about what the implications of that are for personal freedom against the desire to prot

you are seeing commerce being wiped away - by national priorities. and the fact is, - variants can spread, we are in a globalised l world and, as a result, we have to work together. nationalism will not solve - this, but that is where we are. yeah, no, it is where we are at the moment. meanwhile, ashis has referred to covax. of course, the efforts to try to vaccinate all parts of the world, even the poorer companies, but of countries, so these people must be saying what are you talking about boosters? we have not even got vaccine doses yet! "my mistake", german chancellor angela merkel told a news conference wednesday, after she scrapped a 5—day easter lockdown just 48 hours after it was announced. a third wave of infection is stalking europeans, including germans, as stefanie was saying, but protests against lockdown are being experienced both on the continent and in the uk. here, many have bridled at the idea floated by mrjohnson of having to show proof of vaccination even to visit the pub. ashis, in terms of the prospects of this over time, it l

in just a few minutes from now my exclusive interview with newly sworn in commerce secretary gina raymondo, creating jobs and promoting growth in this country, how she sees the future of work in the face of the covid pandemic. >>> we must start this morning with the new threat facing our nation's capitol. in an apparent plot by a militia group, also known as a domestic terrorist group once again planning to storm the u.s. capitol. it comes almost two months to the day after right wing conspiracy groups led the january insurrection. why today? because apparently qanon says today is the day donald trump somehow gets reinstalled as president, calling it the "true inaugural." even if this idea is absolutely ridiculous, which it is, officials are taking the threat very seriously adding to security measures at the capitol and house democrats have actually cancelled today's legislative session out of abundance of caution to let their members get out of town. the senate is still coming in. it comes from a joint bulletin by the fbi and dhs warning of plans to take control of the u.s. capitol and al

, that's the number to look at right here e-commerce exploding up more than 54% compared to 2020 and joining us to discuss is mastercard president of north america, linda kirkpatrick thank you so much for being here. >> thanks for having me. >> linda, eye popping number right there. 50% year over year increase in e-commerce spending in february. what does that data say to you and do you see this trend continuing as we look at reopening and also in general, people kind of looking to spend some of that money they have saved up >> what we're seeing right now are consumers really embracing digital payments more rapidly than they've ever before you mentioned in february, u.s. retail sales grew almost 5% despite all the weather issues that plagued a lot of the country and online sales continue to be very strong 55% in february versus last year so we definitely have seen a shift in the way consumers are spending throughout the pandemic we've seen a rise in grocery we've seen an increase in furniture and furnishings because consumers are spending more time in their homes we're also seeing mo

let's talk about the president's infrastructure plan with the new commerce secretary. madam secretary, thank you so much for joining us. congratulations on the new job. the chamber of commerce is already criticizing president biden's plan saying we strongly oppose the general tax increases proposed by the administration which will slow the economic recovery, make the u.s. less competitive globally. the exact opposite of the goals of the infrastructure plan. that's the statement from chamber of commerce. what's your response to that criticism? >> good evening, wolf. good to be with you. good to see you. >> thank you. >> my response is that the very purpose of the president's package is to enhance american competitiveness and create jobs and every business leader i have spoken to from the big companies to small companies agrees that we need investments now if we're going to compete and if we're going to win. we need investments in job training for the jobs of today and tomorrow, investments in basic research, research and development, investments in broadband. it is a di

we'll see if they expect this elevated e-commerce environment to continue. back to you. >> all right thanks. karen, what do you want to know on this call >> so i want to hear -- they said a lot of good stuff already about this coming quarter and so what will that mean for the year, but whether they think they can continue improvement in the margins. if you think about it they did highlight they lost $350 million of operating income from the storm put that back in and margin improvement was really good. how much more is there to go i'm hoping there's more to go. the stock at 15 times-ish is what they said would be their earnings is really attractive. there's pre-covid and post-covid -- or during and post-covid the e-commerce is here to stay and businesses open, that's good there's a lot to like here the valuation for me is very a strakt -- attractive. i hope we see more market operating improvement in the future. >> operating margins in express were lower than she was looking for and overall low as well. for obvious reasons, the street is giving the pass it s

in fact, there was a scandal last year involving a partner of the e-commerce company. that blew up on way board, very quickly those posts were taken down. they were taken down by, as believed, on the back of these calls by alibaba. that was the assumption. that is the concern for china. they were the ones controlling the narrative, we will see how this plays out. shery: tom mackenzie there with the latest. china's largest are planning to merge to create a new agricultural giant okra -- ahead of the ipo. trading off with simple the master -- domestic assets and a company that will compete with the four biggest traders. infinity came under scrutiny in china, car owners accuse the brand of vehicles defects including a malfunctioning brake and accelerator. world consumer rights say by calling out foreign and domestic bands for quality and service issues. the philippines targeting foreign expansion as it looks for more opportunities amid the pandemic. they are planning to open 450 restaurants around the world. there also on the lookout for acquisitions. the ceo expects earn

, and it's— in the throat of global commerce, and it's an — in the throat of global commerce, and it's an extraordinary. those pictures. — and it's an extraordinary. those pictures, the absolutely colossal taiwanese vessel with all this container— taiwanese vessel with all this container on it trying to dislodge it as it's— container on it trying to dislodge it as it's sort of crashed sideways into the — it as it's sort of crashed sideways into the banks of the canal. it really— into the banks of the canal. it really is — into the banks of the canal. it really is a _ into the banks of the canal. it really is a high—stakes game, there are 165— really is a high—stakes game, there are 165 vessels piled up, waiting to pass through that her stop at most and. pass through that her stop at most and -- _ pass through that her stop at most and. —— stuck at both ends. $10 a day is _ and. —— stuck at both ends. $10 a day is threatened by this continuing, so i think we have to see the — continuing, so i think we have to see the rescue approach. some are trying _ see the

. >> members of the house, energy and commerce joint subcommittee taking a break from the hearing on, online information and disinformation. they are expected to resume shortly. we're hearing from the ceos of facebook, google. here's a clip from earlier today. >> i would like the introduce our witnesses from today's hearing and thank them all for appearing today. today. first, we have mark zuckerberg, chief executive officer of facebook, and sundar pichai of google, and jack dorsey of twitter. mr. zuckerberg, we will start with you. you are recognized for five minutes. >> ranking members and members of the committee, i am glad this committee is looking at all the ways that misinformation and disinformation show up in our country's discharge. there are important challenges for society and we need to decide how to handle speech that is legal but harmful and who should be responsible for what people say. misinformation was not a new problem. it was 200 years ago that a congressman said a lie would travel from maine to georgia, and truth was still getting on its boots. the internet gives

leveled e-commerce. they didn't have to do some crazy pivot. now we see what's happening. making fortunes and getting strong letter stronger the president of williams sonoma to get a clear picture of the quarter and what's going on. congratulations, these numbers were extraordinary welcome back to "mad money." >> thank you thank you, jim, for having me. >> i've got to tell you, you kind of told me how to do it you have to have in-house design capability you have to have digital-first strategy and the one that i know no one can replicate, because i know you, you have to have values and it seems like it's -- i'm going to start with the third one. that's the hardest one to understand for pricing or whatever you want to call it sustainability, diversity, equality, inclusion. i think that's as much behind the numbers as the fact that you know e-commerce. >> thank you we do, too you know, clearly our customers are saying the same thing. and our employees' satisfaction has never been higher. this is really a ye

cashing in on e-commerce. we will speak to the cofounder of the country's largest cashback and coupons. that is next. this is bloomberg. ♪ rishaad: going to india. inflation data expected to show further recovery, according to the economists we have been surveying. one of the key gauges comes from online purchases amid the pandemic. our next guest runs a cashback and coupons website enabling internet shoppers to earn from their online purchases. joining us is rohan bhargava. partnering with 1500 e-commerce sites, they have 5 million registered users. tell me how this works. >> thank you so much for having me. i spent a lot of my time in financial services. i grew up watching bloomberg, so thank you for having me. quick intro about what we do. we are a marketing company, similar to what facebook or google is. we have our own captive audience. we have about 8 million users. we are growing pretty fast. on the others, we work with e-commerce companies like amazon, booking.com, expedia, and we market the products

and unexpected resignation and china's high flying tech sector shares in its biggest e-commerce platform at pinball door tumble as its founder steps down this comes after the death of 2 employees raised questions about the company's work culture. also coming up. a stock exchange takes a bite out of london's business after a break and you're an expert now has its sights set on other right. to. walk up to details of your business on what he could jones and berlin very good to have you with us and we're starting with an unexpected resignation the billionaire founder of high flying chinese e-commerce firm pinboard or haas stepped down the move comes as a surprise that the company shares to plummet khaled said he was leaving to pursue research in food and life science his departure comes as the company's annual use of basis of past is that of rival ali baba. work culture has also been criticised following the death of 2 employees. and that's what i'd like to talk about now with cliff a coup now and. very old china expert who joins me in the studio not everybody is familiar with the in china v

so, you are seen commerce to essentially undercut - borisjohnson's claimed that it is all about - capitalism and greed. you are seeing has been completely wiped away. by national priorities. the fact is, variants. can spread stop we are in a globalised world - and as a result, we have to work together. nationalism will not solve this but that is where we are. - meanwhile, ashis has referred to covax. right now, we must work done at wonder why people are talking about boosters. —— we must wonder why people are talking about boosters because we haven't even got the doses yet. "my mistake", german chancellor angela merkel told a news conference wednesday, after she scrapped a five day easter lockdown just 48 hours after it was announced. a third wave of infection is stalking europeans, including germans, but protests against lockdown are being experienced, both on the continent and in the uk. here, many have bridled at the idea, floated by mrjohnson, of having to show proof of vaccination even to visit the pub. ashis, in terms of the prospects of this overtime, it looks as if pandemic, viru

the community showed we work with a multicultural chambers of commerce. >> we've been utilizing resources. they support our businesses. we support there's. and i think that is working because we all got to pull together. adams believes the future is bright for black owned businesses, but she's calling on all owners to reach out to the chamber. if you need assistance. we may not know always where you are. we have a now 300 plus businesses. but if they're of the businesses out there. you've got to reach out and you've make these phone calls and you got to ask, they help the oakland african american chamber of commerce is putting out a new survey on its website later this week. they're hoping to get a better idea of the real needs. >> of business owners in oakland in the newsroom. noelle bellow kron 4 news in the south bay vta employees were prioritized for the covid-19 vaccine today. the santa clara county health department says that it's setting aside about a 100 appointments per day this week for the front line employees at the fairgrounds. california made public transit workers eligible

i helped coupon launch their first e-commerce fulfillment center back in 2013. they have done incredible things since then it's a more densely populated country. eliminating boxes an doing of night shipping at the same time is a much greater challenge in the u.s. i do think both consumers and environmental regulation around waste becomes a bigger part of the narrative. a solution that has less waste but also has benefits of the consumers is bound to take hold in the long run. >> nate, we very much appreciate you joining us i'm thrilled to see where this all goes and hope we continue this conversation in the future. >> likewise. thank you for having me. >> good luck you you bet. >>> if ending the pandemic is enough to follow protocols, companies hope that cash is. we are talking about companys that are effectively bribing their employees. that's what's happening and that's what 'rwee going to talk that's what 'rwee going to talk about next truly absorb the natural goodness. new chapter. wellness, well done. new projects means new project managers. you need to hir

chamber of commerce, $82 million. farmers and manufacturers, $26 million. american hospital association, $24 million. blue cross/blue shield, $23 million. what connections have you been able to draw between that spending on what ended up in the legislation? guest: one thing that stuck out to me was there were massive tax breaks for real estate investors. that was pretty significant for those investing in real estate. the chamber of commerce is also one of the most influential groups. 2020 was the first year in 20 years they were not the top lobbying spender. they certainly pushed for the expansion of private insurance subsidies, and certainly were opposed to the minimum-wage expansion to $15, which democrats ultimately did not overrule the parliamentarian. host: karen in leesburg, virginia. caller: before my comment, it does not surprise me that the national association of realtors is the lobbying firm where the price of housing is out of control. your second-largest firm, the chamber of commerce won't even support $15 an hour so you can afford a house that

amazon has been very aggressive in terms of e-commerce. rakuten has responded by moving into different areas including finance. it is beginning to offer wireless services in competition with big wireless carriers here. this is essentially rakuten getting back up from some very important players, particularly japan post. they are going to take the biggest stake and they are going to help rakuten by allowing rakuten to use its japan post outlets around japan as destinations for signing up for wireless services or conducting e-commerce. other kinds of transactions that can be very useful for business going forward. >> is the expectation the focus initially will be on e-commerce surges before moving on to other areas like mobile? >> that's right. the ceo of rakuten spoke on friday about this alliance. he said the primary focus is going to be on the e-commerce business. rakuten wants to regain momentum with this retail distribution network throughout the country that will help them quite a bit in terms of transactions or picking up packages. th

they have been taken off the e-commerce. they have been removed and when you search for h&m stores, you cannot find them. hugo boss has seen its chinese celebrity backers and their partnership with that company. the corporate impact and a reminder we are talking about this in terms of australian wine -- for foreign corporations and businesses operating as geopolitical tensions continue to deteriorate, it becomes that much more difficult to navigate this line for these companies operating in china. shery: the rest of the world seeming to get more divided over these geopolitical faultlines with iran entering the deal. tom: you see the u.s. building up those alliances, tying in the u.k. and canada and on the flipside, china cementing this strategic partnership with iran after meeting with the russians and reaching out to the north koreans. it is division globally in terms of these geopolitical alliances. in terms of what's happening with iran, this is a 25 year strategic partnership that will involve chinese investment in oil,

claim -- chamber of commerce. what do you make of what the executive was saying that has to be a less onerous way to pay for this and wide stick it companies and raise their taxes and why make the package so large to begin with so that it's so expensive to pay for? what do you think? >> well, thanks, neil. thanks for having me. first of all, i do think that given the preference, i and many others would like to see the gasoline tax raised. that has been talked about for decades. unfortunately americans have become so accustomed to low gas prices and even though i would challenge anybody if they leave them right now, looking at your slow, to go out and ask ten people how many they pay in federal gasoline taxes, they can't tell you. they won't be able to tell you until a number is put out there and say we're going to raise the taxes in order to pay the infrastructure costs. then somebody will started waging a war. they're trying to raise your taxes. you won't be able to drive anyplace. it will cost too much money and

those are ratios that you have had to deal with as in e-commerce company, correct? >> there are a number of issues we have had to tackle over the years. the way that we have always approached those issues is to keep the customer in mind. whether it is making sure the company jealously and rigorously guards sensitive customer data or whether it is ensuring that they attack many of the complex issues that come up in the world web, many people can contribute to your platform. finding out ways to do that. amazon has had to tackle ways to do this. >> security is very important. centered on the things that you opt to design in from the ground up. in particular with amazon web services. the relationship that amazon has with those businesses is a very deep relationship. they're very integrated in processes the ground up, amazons built safety as a key feature. whatever the next web service that they are building that are security audits. it is not something that you both on at the end. it has to be built from the ground up. tested, audited, measured constantly throughout the

the community showed we work with a multicultural chambers of commerce. >> we've been utilizing resources. they support our businesses. we support there's. and i think that is working because we all got to pull together. adams believes the future is bright for black owned businesses, but she's calling on all owners to reach out to the chamber. if you need assistance. we may not know is what you are. we have a now 300 plus businesses. but if they're of the businesses out there. you've got to reach out and you've make these phone calls and you got to ask, they help the oakland african american chamber of commerce is putting out a new survey on its website later this week. they're hoping to get a better idea of the real needs. >> of business owners in oakland in the newsroom. noelle bellow kron 4 news. san francisco mayor london breed got her covid-19 shot on the one year anniversary of the announcement. >> the stay at home order. and while it's been a turbulent year. kron four's, kelly shows us why san francisco has reason to be optimistic. >> the mayor sat down at a vaccination clinic in t

e-commerce pioneer rakuten, the company's thoughts best in 20 years. with avr following those gains. rakuten announced a 2.2 billion dollars sell at which could fund expansions into ai, finance and mobile markets. we spoke to the chair and ceo about why he's decided to make this move now. >> we are growing so fast and started our mobile service from last april, based on innovative, fully virtualized networks which no one has ever done. so we still need growth capital for our e-commerce, logistics and mobile investment. shery: you called mobile your keys turnover ecosystem, so is that were all of the capital is going -- you called mobile your keystone of your ecosystem, is that were all the capital is going? >> we need that for our nationwide network and as you may know we developed the world's first fully virtualized network platform which we intend to export to other countries as well. so that money will go to mobile network buildout and mobile system development, as well as building logistics networks in japan. shery: when it comes to building, it ta

president himself has always been against any any sort of measure that he feels will will shut down commerce in any way and he has even said that if anyone takes these measures like lockdowns which are being taken by some cities and states which have run out of space and there are intensive care units he has said well you know if people go unemployed and there's no work and they need emergency aid well the federal government won't help them you should face the consequences of what we've started so it's a very difficult situation for united response as a matter of fact this has been the problem since the beginning the lack of unity in fighting this than them. well brazil has the 2nd highest number of crow the virus deaths after the united states with more than a quarter of a 1000000 fatalities roughly 10000000 people have been infected with almost 60000 cases reported on choose day but only 3 percent of its population has been vaccinated despite the government pledging to immunize everyone by the end of the year and scientists say the highly transmissible variant that 1st emerged in brazil ca

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