U.S. lawmakers are on a strict timeline to avoid a government shutdown and pass a new federal spending bill by October 1. Senator Ron Johnson (R-Wi.) joins Yahoo Finance Live to critique recurring shutdown woes and outline several legislative solutions to this problem. "If there's such dysfunction, you don't fund government, you don't fund a particular agency, you don't shut it down — you just continue funding it at last year's level until you do get your act together," Sen. Johnson says. "These government showdowns are ridiculous. they cost the government money. you always end up with some measured [continuing resolution]." Sen. Johnson calls for "discipline" between both congressional houses in passing appropriation bills. The senator also comments on Amazon's (AMZN) antitrust suit filed by the FTC, Speaker McCarthy's leadership, Former President Trump's comments on spending, and President Biden's overall economic policy. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
The Federal Trade Commission is suing Amazing (AMZN) for "illegally maintaining monopoly power," alleging the tech giant wielded that power to "inflate prices, degrade quality, and stifle innovation for consumers and businesses." In a statement, Amazon refutes the charges, saying in part, "the practices the FTC is challenging have helped to spur competition and innovation across the retail industry." Former FTC Commissioner Mozelle Thompson tells Yahoo Finance Live that the FTC is "pushing the boundaries" with the suit. Thompson says the FTC has two goals "change the law as it currently stands" and "to condition the market to think a little differently," adding that the regulatory body may be trying to provide "a little bit of a chilling effect" to let large companies know that "someone will be policing their actions." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
With the rise of AI, many industries are looking to incorporate it into their services and products. Slatestone Wealth Management Chief Market Strategist Kenny Polcari joins Yahoo Finance Live to discuss Amazon's (AMZN) investment in Anthropic and how investors can invest in AI. Polcari states that although AI is “very much in its infancy” it is already incorporated into a lot of businesses—"you’re going to get AI exposure” he notes. For investors looking for opportunities to boost their portfolio, Polcari suggests looking “in other parts of the space” due to the difficulty of investing directly into venture deals. Regarding the buzz around AI, Polcari insists “this AI story is just beginning” and that it needs to have a “core place” in every investor’s portfolio. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.