visa is a good company but if you want commerce and cross border commerce, the best way to do it is with mastercard. they are masterful it will do really well when omicron recedes. susan in california? >> caller: hey, jim, long time listenering. just wanted to talk about upstart which is something that you were recommending quite highly a few months back. >> right. >> caller: multiple times and then it suddenly went like a number stock, shot to hell what is your out look for the stock? >> well as i said, in our november conference call, where i said specifically and thank you for the call, i said that we are done with the high fliers, now we want to own companies that make a lot of money and do great things with tangible products now upstart is a profitable company. but it sells at a very high price churning multiple, more than 100 i think it will be fine but it is not what is going to work right now. we're looking for the companies that make things, product. wilmer in missouri wilmer >> caller: yes, hello. >> hi. it is all yours. what is up. >> caller: well i was curious what you had to

that is qualitatively different than commerce. it does not become commerce until it starts to get moved interstate. that is an important first principle argument that he staked out very early in his jurisprudence and it has certainly continued consistently over his years on the court. and again, another important distinction is justice scalia is now against justice thomas. in lopez, they are together on the results. in gonzales, they are against one another. one of the questions i wish i could have asked justice scalia in private is, if there were a couple of grapes in the backyard and was making her own wine, would you have come to the same result? i don't know. justice thomas, clearly this was a bridge too far for him. his dissent is really not focused on article 1, section 8. if you read his dissent, he only very briefly addresses that. he said this obviously is not interstate commerce. he spends the great majority of his dissent engaging on the necessary and proper clause. that is where the battleground is. he explains what he

. >> the rise in e-commerce fueled counterfeiting around the world. some estimate the sail of illicit products could result to 5.4 million net job losses. consumer products and pharmaceuticals make up a big share of counterfeit goods. these are especially dangerous because they pose health and safety risks. >> crime is grewing. >> online marketplaces allow criminals to sell items quickly and anonymously. >> this is an organized business and looks to take advantage of consumers. >> we're seeing a ship to immerse. >> confiscated power towels for sale on facebook. >> fix it here and then they pop up somewhere else. >> unfortunately in the online space as we found counterfeit unregulated and threats. >> counterfeits pop unon amazon within 30-60 days of us launching a tv commercial. >> administrative complaints charged some products sold on amazon are defective and pose a risk of serious injury or death. >> original product and this is a counterfeit. side by side. >> third party sellers account for about half of what they are selling themselves. >> lots of

as an agency under the department of commerce, noaa is dedicated to promoing economic development while maintaining environmental stewardship. the two can go hand in hand. we create opportunities for sustainable economic growth across the country, including by providing training for the next generation of climate ready workers. this aligned with my priority to enhance the new blue economy, which means looking to the ocean for data and information that can be applied to business development. the new blue economy offers opportunities for climate smart innovation and economic growth. to fully realize noaa's mission, i've made equity a central focus to ensure that equity is not something that we do but rather everything we do. this will better position noaa to tackle the climate crisis, produce better science, clifr better services and build a more inclusive workforce. thank you for inviting me and i look forward to answering any questions you may have. >> thank you. at this point, we will begin our first round of questions. the chair recognizes herself for 5 minutes. dr. spinrad, flooding

it is helping infrastructure and commerce. also, we talk about the steelworker supplying america, that is no lie. i can think about different logos. down in tennis berg review pots and pans. metals. my son works at a place called international paper. we boxed stuff to ship around the country so people can move their goods. pennsylvania transformer, they provide electricity. we appreciate all of this leadership the president has done to bring manufacturing back to this area. [applause] it is my privilege to introduce a man who has made it a point for workers, a generation to come, president joe biden. [applause] president biden: please, sit down. please, sit down. joe, thank you. i can picture him in desert storm working. when my son was promoted to major in iraq, i said now you're a field grade officer. he said, you know who runs the army? sergeants. hello pittsburgh, it is good to be back. before i begin, let me talk about what we saw this morning. a bridge more than 50 years old, i thought it was 150 years old, collapse in p

"you'd better study commerce. there is no future in arts." "but i really want to study..." i tried protesting, but he continued, "what do you plan to do with your life? "become a schoolteacher? "how are you going to pay for your life and your family? ly girls in our community study art." yes, we are the marwaris of kolkata. we are the traditional business community that in so many way controls the economy of bengal. we either do business or choose career in finance or accounting, maybe sometime medicine or law or engineering. and when i was not giving up, my father got a little desperate. next day, he took me to keri-uncle's office. keri-uncle was one of my father's friend, a very successful businessman and a chartered accountant. my father hoped that maybe he will be able to put some sense into me. didn't work. so, after coming back from keri-uncle's office, i went straight to my mother, and i told her what i really wanted to do. i wanted to join the film industry. i wanted to become a film director. and studying arts and english literature was a step in that direction. i

resideses with the secretary of commerce, not with noaa. it is long pastime to return that office to the department of commerce so that they can leverage all the expertise in that department and coordinate with other nations and agencies on a level playing field. so i hope we can see some expedition happening there. thank you and i yield back the balance of my time. >> mr. mcnerney is recognized. >> thank you, chair, and dr. spinrad. and for your dedication. it's really inspiring to see someone so long in the business and still enthusiastic. a much better understanding of the stratospheric composition and chemistry for an accurate model of the dynamics. the gio system consolation is scheduled to launch in the early 20 30's. dr. spinrad, will this satellite as currently planned help build a baseline understanding of the stratospheric aerosols? >> yes. >> and how would the resulting data contribute to climate science? >> so part of climate science -- a lot of people think of climate science as purely a physical phenomenon. about temperature o

maybe some of the commerce names. so i think the tricky thing right now is that earnings haven't really been a reprieve for us there was a morgan stanley analysis that showed that companies that beat earnings expectations were falling around 0.5%, while companies that were missing were falling more than that that makes this environment much more challenging at the moment >> appreciate that as we see energy, really, the only sector in the green today, helping to keep some prices elevated talk to you soon thanks >> thank you >>> as we see tax sell-off, others reaching new heights. we have asia's highest company by market cap, tsmc leapfrogs ten cent to take the top spot, holding off the tech giant since december 16th. ecchk"etnsig aer this new jelly bean vitamins. good-for-you nutrients in a tastier for you form. more sweet dreams. more flavorful immune support. new nature's bounty jelly beans. live bountifully. municipal bonds don't usually get the media coverage new nature's bounty jelly beans. the stock market does.

the multinational company is revolutionizing commerce. and the way we can sue it has even succeeded in shrinking time and space. how exactly is amazon taking over the whole planet? what does jeff bezos want that he doesn't already have? what future does the multinational wish to impose on us and at what cost? with our story begins in 1094 in the seattle suburb jeff bezos, a 30 something wall street expatriate creates amazon in its garage and jeff basis and what are your, what is your claim to fame and the founder of amazon dot com. where did you get an idea for amazon dot com? well, 3 years ago, i was in new york city where he for quantitative hedge fund. when it came across the startling statistic, the web usage was great in 2300 percent a year. so i decided i would try and find the business plan that made sense in the context agro with me in the beginning they were only 3. 1 of the things it was really happening in seattle of that tie, what was grudge so, so you had nevada and pearl jam and all like on a music. so a plaid shirts on, on

as a result, indian e commerce is growing by 30 to 50 percent every year. amazon is not the only company trying to tap into this growth. competing with jeff bezos as flip car, the leader of the indian market founded by 2 ex amazon employees and paid him a new startup financed by chinese giant ali baba. the 3 of them are waging a multi $1000000000.00 commercial war. in his 1st year, jeff bezos invested $2000000000.00 and then $2000000000.00 more the following year . to gain market share, amazon has already invested $5000000000.00 in india without seeing a profit. all these 3, our players are armed, still the top. oh, they have a lot of phoenician, lot of funding, big guys backing up so you don't see anyone falling apart any time soon. the battle gets even more complex. as these multinational corporations are facing a very strong nationalist pushback in india. this is the case in all deli, the commercial district of the indian capital. here, commercial structures have remained unchanged for hundreds of years. really that limit that by madame. busy company sit

as a result, indian e commerce is growing by 30 to 50 percent every year. amazon is not the only company trying to tap is this gross competing with jeff bezos. as flip card, the leader of the indian market founded by 2 ex amazon employees and paid him a new startup financed by chinese giant ali baba. the 3 of them are waging a multi $1000000000.00 commercial war. in his 1st year, jeff bezos invested $2000000000.00 and then $2000000000.00 more the following year . to gain market share, amazon has already invested $5000000000.00 in india without seeing a profit. all these tree, all players are armed, still the top. oh, they have a lot of commission, lot of funding, big guys, backing up so you don't see any one falling apart any time soon. the battle gets even more complex. as these multinational corporations are facing a very strong nationalist pushback in india. this is the case in all deli, the commercial district, to the indian capital here, commercial structures have remained unchanged for hundreds of years. really that i might get limit that by just thin

as we move on to your current role, now as competition -- commerce secretary raimondo -- commerce secretary coming to d.c. president biden trusts you to negotiate with congress on a number of fronts. what's your relationship like with the president? secretary raimondo: we come from secretary backgrounds, working class background. i admire him tremendously. now that i've gotten to know him up close, i think he's pretty amazing. he's so patient. he's so dedicated. he's so humble. as the governor, i had to work with a legislature, which is not always friendly to my ideas. and i know how hard that can be. and i just really admire the president's persistence and the fact that he just constantly puts the needs of the american people before his own ego. i think that he -- i think he respects the fact that i was an elected official. i think he respects the fact that i was a governor and an executive and kind of had a political touch and frankly, i'm ready, willing and able to talk to anybody in congress any time of day. yes, i think it will advance the president's agenda. >> on that note, is there

the authority of the office of space commerce resides with the department of commerce, not with noaa. it is time to return that so they can leverage expertise in that apartment and chlorinate with other agencies on a level playing field. i hope we see extradition there. thank you. i yield back the balance of my time. >> i think the chair. dr. spindrad, thank you for being here today and your dedication. it is good to see someone so long in the business. a much better understanding is needed of the stratospheric composition for accurate modeling of the climate system dynamics. the geo satellite constellation is scheduled to launch in early 2030, including the geo xo central, which has an atmospheric composition sensor. with this satellite help build a baseline understanding of the stratospheric aerosols? >> yes. >> how would the resulting data contribute to climate science? >> part of climate science, and a lot of people tend to think of climate science is purely physical, about temperature, wind, or water. but a lot of the initial conditions that set off what will happen are driven by

resides with the secretary of commerce, it is long past time to return that office to the part of commerce with the expertise in the department with agencies and nations, a level playing field. i yield back the balance of my time. >> i think the chair. richard spinrad, thank you for being here today. trying to see as someone in the business could still enthusiastically seeing. a better understanding, with the climate systems. scheduled to launch in the early 2030s. and composition center. to build a baseline understanding of this. how would that contribute to climate science. >> it is currently a physical phenomenon, but a lot of the initial conditions that set off what is going to happen are driven by atmospheric chemistry. in the most fundamental manner depending on what the particulates are that are in the atmosphere they either reflect sunlight resulting in local cooling or may absorb sunlight which will result in local heating. having a good understanding of the chemical construct of the particulates in the makeup of the atmosphere is a critical initial component in understanding clim

as a result, indian e commerce is growing by 30 to 50 percent every year. amazon is not the only company trying to tap into this growth. competing with jeff bezos as flip card the leader of the indian market, founded by 2 ex amazon employees and paid him a new startup finance by chinese giant ali baba, the 3 of them are waging a multi 1000000000 dollar commercial war. in his 1st year, jeff bezos invested $2000000000.00 and then $2000000000.00 more of the following year. to gain market share, amazon has already invested $5000000000.00 in india without seeing a profit. all these 3, our players are armed till the top. oh, they have a lot of finish and lot of funding, big guys backing up so you don't see anyone falling apart any time soon. the battle gets even more complex. as these multinational corporations are facing a very strong nationalist pushback in india. this is the case in all deli, the commercial district of the indian capital here, commercial structures have remained unchanged for hundreds of years. really that limit that by them. and then next, ma

as a result, indian e commerce is growing by 30 to 50 percent every year. amazon is not the only company trying to tap into this growth. competing with jeff bezos. as flipped cart, the leader of the indian market, founded by 2 ex amazon employees and paid him a new startup financed by chinese giant ali baba. the 3 of them are waging a multi $1000000000.00 commercial war. in his 1st year, jeff bezos invested $2000000000.00 and then $2000000000.00 more the following year . to gain market share, amazon has already invested $5000000000.00 in india without seeing a profit. all these 3, our players are armed, still the top. oh they have all also munition, lot of funding begins backing up so you don't see anyone falling apart anytime soon . the, the battle gets even more complex. as these multinational corporations are facing a very strong nationalist pushback in india. this is the case in old delhi, the commercial district of the indian capital. here, commercial structures have remained unchanged for hundreds of years. really that will let me go by them monday mo

as a result, indian e commerce is growing by 30 to 50 percent every year. amazon is not the only company trying to tap into this growth. competing with jeff bezos as flip car, the leader of the indian market founded by 2 ex amazon employees and paid him a new startup financed by chinese giant ali baba. the 3 of them are waging a multi $1000000000.00 commercial war. in his 1st year, jeff bezos invested $2000000000.00 and then $2000000000.00 more the following year . to gain market share, amazon has already invested $5000000000.00 in india without seeing a profit. all these tree, our players are armed, still the top. oh, they have a lot of phoenician, lot of funding, big guys backing up so you don't see anyone falling apart any time soon. the battle gets even more complex. as these multinational corporations are facing a very strong nationalist pushback in india. this is the case in all deli, the commercial district of the indian capital. here, commercial structures have remained unchanged for hundreds of years. believe that living that by monday morning and

as a result, indian e commerce is growing by 30 to 50 percent every year. amazon is not the only company trying to tap into this growth. competing with jeff bezos. as flip card, the leader of the indian market, founded by 2 x amazon employees and paid him a new startup finance by chinese giant ali baba. the 3 of them are waging a multi $1000000000.00 commercial war. in his 1st year, jeff bezos invested $2000000000.00 and then $2000000000.00 more the following year . to gain market share, amazon has already invested $5000000000.00 in india without seeing a profit. all these tree, our players are armed till the top. oh, they have a lot of finishing, lot of funding, big guys backing up so you don't see anyone falling apart any time soon. the battle gets even more complex. as these multinational corporations are facing a very strong nationalist pushback in india. this is the case in old delhi, the commercial district of the indian capital. here, commercial structures have remained unchanged for hundreds of years. really that like wrote up, let me go with them.

resides with the secretary of commerce, not with noaa. i hope we can sew some expedition happening there. thank you. i yield back the balance of my time. >> a much better understanding is needed of the composition and chemistry, the gerks o xo constellation is expected to launch in the early 2030s. will this satellite as planned help build a baseline understanding of the aerosoles? >> yes. >> how would it contribute to climate science? >> a lot of people think it's about temperature but a lot of initial conditions that set off what's going to happen are driven by atmospheric chemistry. they either reflect sunlight resulting in local cooling or they may absorb sunlight. >> how can noaa improve its molding of the composition in the short term with the tools and equipment that are available? >> we have a couple of capabilities. one is thank you to the hills support for acquisition of another of a gulf stream 550. >> what policy changes does no need to advance its mission? >> i think we actually have a lot of authority. we have 200 different

as a result, indian e commerce is growing by 30 to 50 percent every year. amazon is not the only company trying to tap into this growth. competing with jeff bezos as flip car, the leader of the indian market, founded by 2 ex amazon employees and paid him a new startup financed by chinese giant ali baba, the 3 of them are waging a multi 1000000000 dollar commercial war. in his 1st year, jeff bezos invested $2000000000.00 and then $2000000000.00 more the following year . to gain market share, amazon has already invested $5000000000.00 in india without seeing a profit. all these tree, our players are armed till the top. oh, they have a lot of finish and lot of funding, big guys, backing up so you don't see anyone falling apart any time soon. the battle gets even more complex. as these multi national corporations are facing a very strong nationalist pushback in india. this is the case in old delhi, the commercial district or the indian capital here, commercial structures have remained unchanged for hundreds of years. really that i know that budget and some of t

as a result, indian e commerce is growing by 30 to 50 percent every year. amazon is not the only company trying to tap into this growth. competing with jeff bezos as flip car, the leader of the indian market founded by 2 ex amazon employees and paid him a new startup financed by chinese giant ali baba. the 3 of them are waging a multi $1000000000.00 commercial war. in his 1st year, jeff bezos invested $2000000000.00 and then $2000000000.00 more the following year . to gain market share, amazon has already invested $5000000000.00 in india without seeing a profit. all these tree, our players are armed, still the top. oh, they have a lot of phoenician, lot of funding, big guys backing up so you don't see any one falling apart any time soon. the battle gets even more complex as these multinational cor durations are facing a very strong nationalist pushback in india. this is the case in old delhi, the commercial district of the indian capital here, commercial structures have remained unchanged for hundreds of years. really that i will never read them monday. i n

we also have the black chamber of commerce. hispanic chamber of commerce. south oklahoma city chamber of commerce. we have the west oklahoma city chamber of commerce. we have microchambers in our community and their members are microbusinesses for the most part. very small businesses. this isn't the big oil and gas companies that are showing up to their weekly coffees and their little meetings. and we have found those have been a great conduit to get the word out to microbusinesses. so it's one little pro tip we found is making connections with those -- with those smaller chambers of commerce is a great pathway to finding the microbusinesses and connecting them with the programs that provide technical assistance and access to capital that we're working on. jeremy: that's such a great antidote. and it reinforces our belief that every city, every state is trying to capture this opportunity differently. when we were working with the governor's office in idaho, he had set aside a couple million dollars to support business recovery during the worst of the covid

the multinational company is revolutionizing commerce. and the way we consume it is even succeeded in shrinking time and space. hey. how exactly is amazon taking over the whole planet? what does jeff bezos want that he doesn't already have? what future does the multinational wish to impose on us and at what cost? with our story begins in 1094 in the seattle suburb jeff bezos, a 30 something wall street expatriate creates amazon in his garage and jeff basis and what are your, what is your claim to fame and the founder of amazon dot com. where did you get an idea for amazon dot com? well, 3 years ago, i was in new york city where he for quantitative hedge fund. when it came across the startling statistic, the web usage was great in 2300 percent a year. so i decided i would try and find a business plan that made sense in the context that grow with in the beginning they were only 3. 1 of the things it was really happening in seattle of that time was grudge. so, so you had nevada and pearl jam and all that kind of music. so there were plaid sh

as a result, indian e commerce is growing by 30 to 50 percent every year. amazon is not the only company trying to tap into this growth. competing with jeff bezos as flip car, the leader of the indian market founded by 2 ex amazon employees and paid him a new startup financed by chinese giant ali baba. the 3 of them are waging a multi $1000000000.00 commercial war. in his 1st year, jeff bezos invested $2000000000.00 and then $2000000000.00 more the following year . to gain market share, amazon has already invested $5000000000.00 in india without seeing a profit. all these 3, our players are armed, still the top. oh, they have all lot of submission, lot of funding, big guys, backing up so you don't see any one falling apart at any time soon. the battle gets even more complex. as these multinational corporations are facing a very strong nationalist pushback in india, this is the case, an old deli, the commercial district of the indian capital. here, commercial structures have remained unchanged for hundreds of years. really that i found out with that by just

as a result, indian e commerce is growing by 30 to 50 percent every year. amazon is not the only company trying to tap into this growth. competing with jeff bezos as flip car, the leader of the indian market, founded by 2 ex amazon employees and paid him a new startup financed by chinese giant ali baba, the 3 of them are waging a multi 1000000000 dollar commercial war. in his 1st year, jeff bezos invested $2000000000.00 and then $2000000000.00 more the following year . to gain market share, amazon has already invested $5000000000.00 in india without seeing a profit. all these tree, our players are armed, still the top. oh, they have all on a submission, lot of funding, big guys, backing up so you don't see any one falling apart any time soon. the battle gets even more complex. as these multinational corporations are facing a very strong nationalist pushback in india. this is the case in old delhi, the commercial district of the indian capital here, commercial structures have remained unchanged for hundreds of years. really that i feel that by just thinking

a country of commerce -- u.s. secretary of commerce, gina raimondo, are thinks to you. be sure to tune into joe's "sound on" on bloomberg radio, weekdays at 5:00 p.m. in new york. let's move on and get some reaction to what we just heard and look ahead to the fed and thing about the locations of what we heard from the bank of canada as well. jan hatzius, goldman sachs chief economist, joining us now. can i start a little bit on what is happening with the economy? we just talked to the commerce secretary about what is happening with the supply bottlenecks we are seeing in the semiconductor sector. how much of a problem is that going to be as an ongoing issue that we need to think about in terms of the inflation narrative , the inflationary narrative that is currently working its way through the u.s. economy? jan: i do think it is still going to be a factor that is important for the price level as we go through 2022 that does not seem to be a quick solution, so i do expect that prices in a number of goods producing sectors and especially ones that rely on some conductors

seaports are critical to the movement of commerce and the u.s. economy, especially as the country continues this fight against the covid-19 pandemic. as the chairwoman of the border security facilitation and operations subcommittee, and a member representative of the port of los angeles, the largest container port in the nation, i understand how important it is that our seaports have the resources they need in order to support the timely processing of trade and travel. i'm encouraged that secretaries have traveled to the port of los angeles to see the challenges firsthand. the administration's attention and investment in seaports including the port of los angeles is critical to ensuring that goods coming through the ports make it to their final destinations without delay. the port of los angeles like seaports across the nation as continued operations throughout the covid-19 pandemic. despite the dangers posed by the virus as people have shifted , spending habits toward more consumer goods, cargo levels have surged. this makes the issue of protect

i see increasingly retailers the omni-channel the bricks and mortars know how to do e-commerce and e-commerce players are going to do brick-and-mortar. i think there will be a blending of the systems. liz: i think you're right, we are seeing that in amazon takes the lead into original e-commerce site and now it realizes we can disrupt the storefront opportunities it experience. what i find fascinating, your business in particular your stock is up today you're not correction although last i checked year-over-year, as you look at exactly what's going on on the landscape you guys said that you basically sold out your warehouse inventory in the fourth quarter and you said 98% of your properties had been leased by december of last year, that is incredible what should that tell our viewers about the economy right now? >> first of all the economy as best as we can tell is very strong and certainly the good of economy that is strong i wouldn't want to be in the experienced economy although i think that will end up being pretty strong once we come out of omicron. every sign that we see points to the s

everybody, i'm sure almost everybody in this room uses e-commerce. but there still has to be a balance to it. and we are reaching that tipping, point where we have seen all of these strict products liability cases brought because people who are being injured cannot find the seller of the goods. so, to flip that back to the secondary liability, it creates the space where e-commerce platforms to have to proactively do something to prevent the postings from ever coming up. brandon are still need to be involved to help identify whether trademarks are, but we found a more balance medium between. them >> thank you, chairman. i look forward to working with all of you. >> thank, you senator. on the floor, we have started the first of three -- and senator blumenthal will preside -- >> thank, you mister chairman. miss kammel -- section 2:30. i know that some online sellers have used section 2:30 as a shield. to prevent them from liability and i come from tennessee. and, of course, we have after mark get auto parts and then copy marks -- gibson guitars that hav

so half of the business is the e-commerce so how about e-commerce versus retail going back into stores? that's a complicated story last year i think more people are going to go back into stores. there will be a little bit of competition. what is the end of stimulus mean for amazon so, you know, this child tax credit going away, i think it is an important question. finally i love amazon web services my heavens, have they benefited from the pandemic, and that's only 11%, 12%, 13% of the business right now that grew 40% last year. i think it is a wonderful business >> deirdre >> kelly, i made a list this morning. this was painful of all of the subscriptions we are paying for, right. it is a new year >> me too. >> i looked at which ones i can live would you know what i can live without now? amazon prime >> deirdre >> i'm not going to cancel it. >> i wrote about this last year. oh, my gosh, we did the same thing. i went through everything, and i was like, we can cancel prime but it turned out i had just renewed my subscription, you know, four weeks before that buff i haven't ordered from am

e-commerce chief is leaving the company. a lack of stimulus tailwinds, continued inflationary pressure may decent proportionately impact the middle of the middle consumer they prefer target. >> i think target has come down. the charitable trust own walmart. why? frankly it's really good, but this e-commerce news is shock to go -- shocking to me you had a previous guy who set it up, and they were telling me over and over again not to worry, that the new team will be good he said, don't worry, we've got new people coming in well, hmm -- >> not leaving a good taste? what, have you got a mint? >> i was going for a lifesaver. >> no saltines today. >> i had those yesterday >> why you're doing that, come back to this story we talked about on monday, that incredibly busy news day the big deal was activision, but unilever said we're not going higher their shareholders did not like the idea of them trying to bike glaxo's consumer -- >> everyone's a loser. >> you think it's going to be worth more on the market when you spin it. they're

only certainty is uncertainty the last few years, so being a young, fast-growing e-commerce brand, we have had to hedge against a little bit of the craziness of covid inflation, so we have actually gone out ahead and purchased more than we normally would manufacture ahead of time just to be prepared for whatever is going to be thrown at us next. taylor: what percent of those cost increases that you are feeling are you able to pass on to the consumer? kevin: we actually have run competitive analysis, and we are seeing some competitors increase the price of garments by $10 to $20 per garment, so even over a two-month span. luckily, we are e-commerce direct to consumer, so we are able to absorb more of that, which we are looking to be able to do, but even we are seeing some of the pressures of that and having to increase cost a little bit. caroline: as the cost of goods go up, sodas demand and increase in wages. we also have the supply chain issue is omicron sweeps through the u.s., you are e-commerce mainly, so you are not worried about manning stores, but you must have issues with labo

, hispanic, south oklahoma city of commerce. we have a lot of sort of micro chambers in our community and their members are micro businesses, very small businesses. big oil and gas companies showing up to their weekly copies and their littleth meetis and we found those have been a great conduit to get the word out so it one little pro tip we found making connections smaller chambers of commerce, a great pathway to finding micro businesses and connecting them with the programs to provide technical assistance and access to capitol. >> that reinforces our belief every city in every state is trying to capture opportunity t different working with the governor's office in idaho to set aside couple hundred million dollarspo for businesses recove. the team was reaching out to ask where the best place must for micro businesses. one issue they hadad if they can have a couple thousand organizations. they did have a university that had different branches and that became a means by when they reached out, omaha or the individuals from alabama

. >> seaports are critical to the movement of commerce and the u.s. economy, especially as the country continues this fight against the covid-19 pandemic. as the chairwoman of the border security facilitation operations subcommittee and a member representative of the port of los angeles, the largest container port in the nation, i understand how important it is that resources -- that ports have the resources they need in order to support timely travel. i'm encouraged that secretaries have traveled to the port of los angeles to see the challenges firsthand. the nation's investment in seaports is critical to ensuring that goods coming through the ports make it to their final destinations without delay. support of los angeles and keep ports across the nation have continued throughout the covid-19 pandemic. despite the gains, as people have shifted spending habits toward more consumer goods, delays have searched, which makes the issue of packing and protecting staff at our seaports from the virus even more important. our seaports have long been understaff

coming in we thought it would be e-commerce, fintech opportunities. it has been broad and deep across markets, there are software companies in brazil. the new york stock exchange, a brazilian e-commerce enablement company, so you are seeing high quality globally competitive governorship -- entrepreneurship that is difficult to do work in. they are battle tested for the world. emily: i spoke with softbank's coo exactly a year ago today about what the priorities were then. take a listen. >> we are going to continue to invest in companies that utilize data and artificial intelligence to disrupt traditional business models. we like companies that are making the world a better place. emily: i believe he did that interview from miami. we did not think the pandemic was going to go on this long. i am curious how the strategy or philosophy has changed given that we are still in this. >> what marcello said is the same. we just mentioned the year feels a lot like the same. we are still invested in companies. we have made a recent investment in an amazing company

and social commerce opportunities associated with it. our company, we want to be in the film and tv business but we also want to be in the social storytelling business. one thing i noticed when i was at tiktok is if you can have an authentic connection with a brand, creator and social media audience, there are substantial commerce opportunities. we like to be in all those portions of that. content, community, and the associated e-commerce potential and if you think about moving book and another company we bought, that is an intellectual property owner. the cocoa melon. they are some of the more industrial properties for kids and all that comes from youtube should they start off as social media storytellers and they have sold to netflix. cocoa melon with the number two stream show for netflix in 2021. just a smidgen behind criminal minds. this stuff works. that company was based on social media storytelling. all of that wound up having social commerce opportunities. we like that confederate -- configuration of our company. more and more m

e-commerce and fintech remain in the red. other factors like rising competition from rivals going to market either through ipo or rules like -- and many more digital platforms, and also concerns over the two factors that would impact these profitability's in the future. these other factors we think will impact sea's future valuation. rishaad: and also, do they wait? does tencent wait to see if these things bear fruit, or do they continue to sell more of their stake, or do they will wait for the fruit to come out? reporter: that is a great question. we know sea is trying to extend into india. they have had conflicts with china. based on our sources, india -- bringing ownership by tencent which is a chinese company down to below 10% will help sea's extension strategy in india. rishaad: good stuff. nathan naidu, the bloomberg intelligence equity research analyst. we will look at opec, the big story, oil prices reversing some early gains. they did start the day higher. wti finishing tuesday's session with gains of more than 1%. t

the hawaii business round table and all of the chambers of commerce. and our nonprofit partners who delivered help and services today to support so many in need. and there are so many others too many to name. but i wish i i could thank you all. please know that all of your efforts are very much appreciated by me. we've endured tremendous hardship over the last two

now that's tragedy. cast a shadow by historic african presence by africa commerce islands. now back home, the team are being celebrated as heroes. commerce had already made history by qualifying for the very 1st africa cup of nations tournament. then the tiny giant killers reached the knockout stage of the beaten my country, gunner. now although they were then kicked out by host on the local tournament favorites, cameroon, in the round of 16 in commerce, indeed, maybe a nation proud with jim gritty in murray, tanya is on to e priceless collection of literature, some date and back centuries, best as renewed the interests of tourist, who are gradually returning after years of staying away, due to security concerns. and more recently the pandemic residents are now hopeful that a city is ready to turn over a new leaf with 5 ostrich eggs, top the minarette. she gets his friday mosque is the symbol of the mar, retaining nation. deep in the sahara, the oasis city was built at the crossroads of old desert trade routes inside the ancient walls. so each amit mahmoud is the custodian

. >> please welcome secretary of commerce, genome or mondo. [applause] ,. [applause] >> good afternoon good afternoon. before i make remarks, i would like to acknowledge everybody impacted by this morning's bridge tragedy and our thoughts and prayers are with them and thank you to the first responders who did a fantastic job. when president biden called me to ask me to take this job as secretary of commerce, he said one of his top priorities was revitalizing american manufacturing and that resonated with me. my dad worked his whole career in manufacturing. here's 56-year-old, the jobs were to china the fauci closed and we were out. i called my brother and set should i take this job? gina, that would be so proud of you if you worked for the president to bring back manufacturing jobs to america. that's what we are doing. president biden top priority to make sure we can compete globally and you know that means we have to invest domestically. next to his leadership, this economy is strong. this economy is strong by any measure. wages are up, on a planet rate is

during his years as commerce secretary and president. he was the first person to appear on a broadcast of experimental television. imagine that today. we're just doing it right now how easy this is. he also organized an air traffic system to 8 aviation. additionally he was also the first to use a teleprompter. and who else but herbert hoover had the foresight to see the importance of water management along the colorado river. as secretary of commerce that are harding and coolidge he brought california nevada, arizona, utah, new mexico, colorado and wyoming. all states that had water rights to the colorado river he brought them all together to agree on the colorado river compact which gave us hoover dam and all the the benefits of hydroelectric power dam. and just that -- alone of the entire compact now provides water to 18 million customers that sells power generated by its turbines to nearly two million customers in nevada, california and arizona. today there are 15 dams on the colorado river that provide recreation as well as hydrologi

what is the chamber of commerce around job creation and technology? what are isp providers? we don't know. what is the state policy? i would recommend we see 29 states have an office of broadband in the governor's office, and others tend to make more rocket -- rapid progress on implantation. we see that pretty close in. we started the american connection core. these are young people who went to college who want to be back in their rural communities. they want access. they want to be there. not everybody wants to run to the city or the coast, they want to be in their community. so the opportunity is to have a fellowship for two years, they are in their community and they are doing something with the implementation connected to providers, connected to public and private companies. so that less job creation, that is how we are making sure we have implementation. we have 50 folks right now and we would like to scale that to o other communities. they want to be back in their communities, with their families, and this provides them that opportunity to do something meaningful. >> t