cnbc--2020-06-06--Surprise job gains narrow the White House vision for coronavirus relief, but Democrats still want to

Surprise job gains narrow the White House vision for coronavirus relief, but Democrats still want to go big

Surprise U.S. job gains left the White House narrowing its goals for more coronavirus relief Friday , as Democrats insisted Congress needs to take sweeping steps to sustain the pandemic recovery .
A month after the economy shed more than 20 million jobs , it added 2.5 million in May , the Labor Department said Friday .
The leisure and hospitality industries drove the better-than-expected report , as restaurants and bars rehired workers while states started to reopen their economies .
The data further complicate an already fraught debate in Washington over whether lawmakers need to pass another economic rescue @ @ @ @ @ @ @ .
While Republicans pointed to a handful of specific policy goals , Democrats again stressed the need for a broader approach to mitigate the ongoing health and economic crises .
Trump , while claiming the U.S. is `` largely through '' the pandemic that has killed more than 108,000 Americans , cast the jobs report as `` a very big day for our country . ''
He outlined several policies he wants to pass : a payroll tax cut , another round of stimulus checks for Americans and potential tax incentives to encourage @ @ @ @ @ @ @ president spoke , Vice President Mike Pence told CNBC that `` we 're open to helping states with coronavirus-related costs . ''
Democrats want far more relief for state and local governments , which have lost revenue and seen expenses rise during the pandemic .
The Labor Department said the U.S. lost 585,000 government jobs in May , primarily driven by school closures .
Democrats , who have opposed the White House 's payroll tax cut push , attributed the jobs gains in large part to the more than $ 2.5 trillion in @ @ @ @ @ @ @ the coronavirus .
In a statement , House Speaker Nancy Pelosi urged the Senate to approve the nearly $ 3 trillion rescue package her chamber passed last month — which includes state and local aid , enhanced federal unemployment benefits and direct payments to individuals , among numerous other provisions .
`` The president must join us to support real action to protect lives and livelihoods , rather than hide behind these jobs numbers and pretend that the job is done , '' the California Democrat said .
Senate Minority Leader Chuck Schumer @ @ @ @ @ @ @ time to be complacent or take a victory lap . ''
In a statement , the New York Democrat noted that the unemployment rate among black Americans rose to 16.8 % in May while it fell to 12.4 % among white people .
The overall unemployment rate dropped to 13.3 % , still higher than at any point after the 2008 financial crisis .
Senate Majority Leader Mitch McConnell , meanwhile , did not close the door on future relief but emphasized that Republicans would tailor legislation to reopening the economy .
In @ @ @ @ @ @ @ future efforts must be laser-focused on helping schools reopen safely in the fall , helping American workers continue to get back on the job , and helping employers reopen and grow . ''
Last week , McConnell said `` we 're taking a careful look at a fourth and final bill . ''
He added that `` you could anticipate the decision being made on whether to go forward in about a month . ''
The senator has repeatedly said he will not pass another stimulus bill unless it includes liability protections for @ @ @ @ @ @ @ .
Democrats oppose a broad shield from lawsuits .
The House Democratic bill would extend an enhanced federal unemployment benefit of $ 600 per week through January .
It is set to expire after July , leaving displaced workers who still can not find a job facing a steep drop off in income .
McConnell has said he does not want to continue the $ 600 per week benefit .
Last week , he said Congress would `` help those who are still unemployed . ''
The House will not return to Washington @ @ @ @ @ @ @ the Senate moves before then to pass coronavirus relief .

U.S. President Donald Trump speaks during a news conference in the Rose Garden at the White House June 05, 2020 in Washington, DC. Chip Somodevilla | Getty Images
Surprise U.S. job gains left the White House narrowing its goals for more coronavirus relief Friday, as Democrats insisted Congress needs to take sweeping steps to sustain the pandemic recovery. A month after the economy shed more than 20 million jobs, it added 2.5 million in May, the Labor Department said Friday. The leisure and hospitality industries drove the better-than-expected report, as restaurants and bars rehired workers while states started to reopen their economies. The data further complicate an already fraught debate in Washington over whether lawmakers need to pass another economic rescue package — and what it should include. While Republicans pointed to a handful of specific policy goals, Democrats again stressed the need for a broader approach to mitigate the ongoing health and economic crises. Trump, while claiming the U.S. is "largely through" the pandemic that has killed more than 108,000 Americans, cast the jobs report as "a very big day for our country." He outlined several policies he wants to pass: a payroll tax cut, another round of stimulus checks for Americans and potential tax incentives to encourage restaurant and entertainment spending.
watch now
Before the president spoke, Vice President Mike Pence told CNBC that "we're open to helping states with coronavirus-related costs." Democrats want far more relief for state and local governments, which have lost revenue and seen expenses rise during the pandemic. The Labor Department said the U.S. lost 585,000 government jobs in May, primarily driven by school closures. Democrats, who have opposed the White House's payroll tax cut push, attributed the jobs gains in large part to the more than $2.5 trillion in relief Congress has passed to respond to the coronavirus. In a statement, House Speaker Nancy Pelosi urged the Senate to approve the nearly $3 trillion rescue package her chamber passed last month — which includes state and local aid, enhanced federal unemployment benefits and direct payments to individuals, among numerous other provisions. "The president must join us to support real action to protect lives and livelihoods, rather than hide behind these jobs numbers and pretend that the job is done," the California Democrat said. Senate Minority Leader Chuck Schumer added that "now is not the time to be complacent or take a victory lap." In a statement, the New York Democrat noted that the unemployment rate among black Americans rose to 16.8% in May while it fell to 12.4% among white people. The overall unemployment rate dropped to 13.3%, still higher than at any point after the 2008 financial crisis. Senate Majority Leader Mitch McConnell, meanwhile, did not close the door on future relief but emphasized that Republicans would tailor legislation to reopening the economy. In a statement Friday, he said "future efforts must be laser-focused on helping schools reopen safely in the fall, helping American workers continue to get back on the job, and helping employers reopen and grow."
watch now


cnbc--2020-06-05--As new data shows early signs of economic recovery, black workers are being left out

Markets cheered on Friday as new data showed a surprising decline in unemployment , but black workers have little to celebrate .
The black unemployment rate rose slightly in May despite a decline of nearly two percentage points for white workers , a grim but familiar reminder of economic inequality that could serve as an early warning sign for the recovery to come .
The new data comes as protests over the death of George Floyd , a black man killed in police custody in Minneapolis last week , continue in dozens of cities around the country .
While protesters @ @ @ @ @ @ @ , they have also pointed to systemic problems of income and wealth inequality , which were exacerbated during the recovery from the 2008 financial crisis .
White unemployment fell to 12.4 % from 14.2 % in April , while black unemployment rose to 16.8 % from 16.7 % .
President Donald Trump , who is up for reelection in November , has touted his record overseeing an economy in which black workers have prospered , noting that under his watch the unemployment rate for that group hit record lows while wages rose .
@ @ @ @ @ @ @ to address the new economic data , Trump said he hoped that Floyd was looking down from heaven , pleased with what he saw .
`` It 's a great day for him , it 's a great day for everybody .
It 's a great day for everybody .
This is a great , great day , in terms of equality , '' Trump said .
The president refused to answer questions from reporters on the rise in the black unemployment rate .
While Trump paints a picture of a recovery where @ @ @ @ @ @ @ a more dour outcome could be in store .
Economists are warning that the devastation wrought by the Covid-19 pandemic , which has already killed disproportionate numbers of black Americans , could also inflict long lasting economic damage , undoing the gains made by African-Americans over the last decade .
`` The thing that disturbs me is how much longer it will take them to make up the gap , '' said Jared Bernstein , a senior fellow at the Center on Budget and Policy Priorities , who served on President Barack Obama @ @ @ @ @ @ @ May sees biggest jobs increase ever of 2.5 million as economy starts to recover from coronavirus `` It took 10 years to make back what they 'd lost in the Great Recession , '' Bernstein said , referring to African Americans .
`` They lost that in two months , in March and April .
It 's the staircase up and the elevator down . ''
Bernstein warned that , for black workers , the recovery from the current downturn could take even longer than the recovery from the last crisis .
Though @ @ @ @ @ @ @ in its speed and severity , the trend of employment inequity along demographic lines is not new .
The unemployment rate has historically been twice as high for black workers as for white workers , a disparity seen in the data as far back as is available .
The unemployment rate , while widely cited as a key measure of U.S. economic health , is seen by some as a narrow definition that does not capture the full picture of the labor market .
This official rate published by the Bureau of Labor @ @ @ @ @ @ @ as a percentage of the labor force , '' which only includes those working or actively seeking work .
Americans who have given up on looking for a job or have a part-time job without benefits , such as an Uber driver or Instacart shopper , are not included in the measure .
For this reason economists also look at broader measures of unemployment such as the underemployment rate , also known as the U-6 rate , for a more complete picture of the employment level .
This measure includes those previously mentioned @ @ @ @ @ @ @ but have stopped searching and those who would work more if they could — in addition to those traditionally defined as unemployed .
Looking past the headline measure of unemployment paints an even bleaker picture for black workers .
While BLS does not publish monthly demographic data on underemployed workers , Bernstein estimates the underemployment rate for African Americans could now be above 30 % .
Economists point to a variety of factors to explain the racial employment gap , such as exclusive housing policies , unequal access to education , and a @ @ @ @ @ @ @ generations .
But the conventional explanations may not tell the full story .
`` If you factor in all the things that you can explain using conventional economic tools — education , age , gender , experience — you will explain only a relatively small part of that difference , '' said Bernstein , who has advised apparent Democratic presidential nominee Joe Biden during the campaign .
`` So you have to ask yourself what are you left with , and the answer is discrimination . ''
Valerie Wilson , director of the @ @ @ @ @ @ @ , Ethnicity , and the Economy , pointed to the same explanation .
`` I ca n't call it anything other than racial discrimination in the labor market , '' she said .
For Wilson , one of the strongest signals of discrimination is the racial disparity in unemployment rates by education level .
At every level of education , more black workers are unemployed than their white counterparts .
As the U.S. struggles to make its way past the damage done by the coronavirus pandemic , lawmakers are considering policies that may @ @ @ @ @ @ @ the near-term , such as an extension of the unemployment benefits supplied by the CARES Act , and a possible second round of stimulus checks .
For programs designed to provide temporary relief or make longer-term contributions to narrowing the employment gap , Wilson notes the importance of making sure policies actually hit their targets .
`` We really need to be aware and have to assume that no policy is race neutral because of all of these preexisting and underlying disparities generated by previous policy and legal decisions , '' she said @ @ @ @ @ @ @ should always be an eye toward how it will impact different communities . ''
Many , particularly on the left , say that regardless of specific policies , change will require the recognition of systemic inequalities , a point that has been central in the protests over George Floyd 's death .
At Floyd 's Minneapolis memorial service held on Thursday , the civil rights leader Rev .
Al Sharpton made such a point by analogizing widespread systemic injustice against black Americans to the officer 's knee held against Floyd 's neck during @ @ @ @ @ @ @ have alleged contributed to his death .
`` Ever since 401 years ago , the reason we could never be who we wanted and dreamed of being is you kept your knee on our neck , '' Sharpton said , referring to 1619 , the year generally understood as the beginning of black slavery in the colonies that would become the United States .
He added : `` We could run corporations and not hustle in the street , but you had your knee on our neck .
We had creative skills , @ @ @ @ @ @ @ do , but we could n't get your knee off our neck . ''
Nicole Smith , the chief economist at the Georgetown University Center on Education and the Workforce , said that it 's frustrating that `` most people recognize what it is , but are still reluctant to do anything about it . ''
`` And that 's because doing anything about it would really require us to engage in a serious conversation about social justice , '' she said .
On that point , Trump and Biden , the former @ @ @ @ @ @ @ contrasts .
While Trump has argued that an economic recovery will , on its own , benefit black Americans , Biden has pressed for specifically targeting black communities with economic assistance , and collecting data on the race and sex of beneficiaries of federal recovery programs .
During an address in Philadelphia on Tuesday , Biden , who has faced scrutiny over his record on race , said the `` moment has come for our nation to deal with systemic racism . ''
`` To deal with the growing economic inequality in our @ @ @ @ @ @ @ denial of the promise of this nation — to so many , '' Biden said .

A Dana assembly technician as she assembles axles for automakers, at the Dana plant in Toledo, Ohio, May 18, 2020. Rebecca Cook | Reuters
Markets cheered on Friday as new data showed a surprising decline in unemployment, but black workers have little to celebrate. The black unemployment rate rose slightly in May despite a decline of nearly two percentage points for white workers, a grim but familiar reminder of economic inequality that could serve as an early warning sign for the recovery to come. The new data comes as protests over the death of George Floyd, a black man killed in police custody in Minneapolis last week, continue in dozens of cities around the country. While protesters are directly responding to disparities in policing, they have also pointed to systemic problems of income and wealth inequality, which were exacerbated during the recovery from the 2008 financial crisis. White unemployment fell to 12.4% in May from 14.2% the previous month, while black unemployment rose to 16.8% from 16.7%. President Donald Trump, who is up for reelection in November, has touted his record overseeing an economy in which black workers have prospered, noting that under his watch the unemployment rate for that group hit record lows while wages rose. During a White House event on Friday to address the new economic data, Trump said he hoped that Floyd was looking down from heaven, pleased with what he saw.
Hopefully George is looking down right now and saying, ‘This is a great thing that’s happening for our country.’ It’s a great day for him, it’s a great day for everybody. It’s a great day for everybody. This is a great, great day, in terms of equality. Donald Trump President of the United States
"It's a great day for him, it's a great day for everybody. It's a great day for everybody. This is a great, great day, in terms of equality," Trump said. The president refused to answer questions from reporters on the rise in the black unemployment rate. While Trump paints a picture of a recovery where gains are equally shared, experts suggest a more dour outcome could be in store. Economists are warning that the devastation wrought by the Covid-19 pandemic, which has already killed disproportionate numbers of black Americans, could also inflict long lasting economic damage, undoing the gains made by African-Americans over the last decade. "The thing that disturbs me is how much longer it will take them to make up the gap," said Jared Bernstein, a senior fellow at the Center on Budget and Policy Priorities, who served on President Barack Obama's economic team. Read more: May sees biggest jobs increase ever of 2.5 million as economy starts to recover from coronavirus "It took 10 years to make back what they'd lost in the Great Recession," Bernstein said, referring to African Americans. "They lost that in two months, in March and April. It's the staircase up and the elevator down." Bernstein warned that, for black workers, the recovery from the current downturn could take even longer than the recovery from the last crisis. Though the most recent slide has been unique in its speed and severity, the trend of employment inequity along demographic lines is not new. The unemployment rate has historically been twice as high for black workers as for white workers, a disparity seen in the data as far back as is available.
Zoom In Icon Arrows pointing outwards
The unemployment rate, while widely cited as a key measure of U.S. economic health, is seen by some as a narrow definition that does not capture the full picture of the labor market. This official rate published by the Bureau of Labor Statistics tracks the "number of unemployed as a percentage of the labor force," which only includes those working or actively seeking work. Americans who have given up on looking for a job or have a part-time job without benefits, such as an Uber driver or Instacart shopper, are not included in the measure. For this reason economists also look at broader measures of unemployment such as the underemployment rate, also known as the U-6 rate, for a more complete picture of the employment level. This measure includes those previously mentioned groups — people who want to work but have stopped searching and those who would work more if they could — in addition to those traditionally defined as unemployed. Looking past the headline measure of unemployment paints an even bleaker picture for black workers. While BLS does not publish monthly demographic data on underemployed workers, Bernstein estimates the underemployment rate for African Americans could now be above 30%.
Zoom In Icon Arrows pointing outwards
Economists point to a variety of factors to explain the racial employment gap, such as exclusive housing policies, unequal access to education, and a lack of wealth passed on from prior generations. But the conventional explanations may not tell the full story. "If you factor in all the things that you can explain using conventional economic tools — education, age, gender, experience — you will explain only a relatively small part of that difference," said Bernstein, who has advised apparent Democratic presidential nominee Joe Biden during the campaign. "So you have to ask yourself what are you left with, and the answer is discrimination." Valerie Wilson, director of the Economic Policy Institute's Program on Race, Ethnicity, and the Economy, pointed to the same explanation. "I can't call it anything other than racial discrimination in the labor market," she said. For Wilson, one of the strongest signals of discrimination is the racial disparity in unemployment rates by education level. At every level of education, more black workers are unemployed than their white counterparts.
Zoom In Icon Arrows pointing outwards
"At least in theory, they're doing everything they were told they should do," said Wilson of black Americans with high levels of education. "Yet they still face significantly higher levels of unemployment and gaps in wages."
A long road to recovery
As the U.S. struggles to make its way past the damage done by the coronavirus pandemic, lawmakers are considering policies that may offer additional relief to disadvantaged workers in the near-term, such as an extension of the unemployment benefits supplied by the CARES Act, and a possible second round of stimulus checks. For programs designed to provide temporary relief or make longer-term contributions to narrowing the employment gap, Wilson notes the importance of making sure policies actually hit their targets. "We really need to be aware and have to assume that no policy is race neutral because of all of these preexisting and underlying disparities generated by previous policy and legal decisions," she said. "In making policy, there should always be an eye toward how it will impact different communities." Many, particularly on the left, say that regardless of specific policies, change will require the recognition of systemic inequalities, a point that has been central in the protests over George Floyd's death. At Floyd's Minneapolis memorial service held on Thursday, the civil rights leader Rev. Al Sharpton made such a point by analogizing widespread systemic injustice against black Americans to the officer's knee held against Floyd's neck during his Memorial Day arrest, which prosecutors have alleged contributed to his death. "Ever since 401 years ago, the reason we could never be who we wanted and dreamed of being is you kept your knee on our neck," Sharpton said, referring to 1619, the year generally understood as the beginning of black slavery in the colonies that would become the United States. He added: "We could run corporations and not hustle in the street, but you had your knee on our neck. We had creative skills, we could do whatever anybody else could do, but we couldn't get your knee off our neck." Nicole Smith, the chief economist at the Georgetown University Center on Education and the Workforce, said that it's frustrating that "most people recognize what it is, but are still reluctant to do anything about it." "And that's because doing anything about it would really require us to engage in a serious conversation about social justice," she said. On that point, Trump and Biden, the former vice president, are a study in contrasts. While Trump has argued that an economic recovery will, on its own, benefit black Americans, Biden has pressed for specifically targeting black communities with economic assistance, and collecting data on the race and sex of beneficiaries of federal recovery programs. During an address in Philadelphia on Tuesday, Biden, who has faced scrutiny over his record on race, said the "moment has come for our nation to deal with systemic racism." "To deal with the growing economic inequality in our nation. And to deal with the denial of the promise of this nation — to so many," Biden said.
watch now


cnbc--2020-06-05--States are leaning toward a push to break up Google's ad tech business

Visitors pass by the logo of Google at the high profile startups and high tech leaders gathering , Viva Tech , in Paris , France May 16 , 2019 .
The state attorneys general investigating Google for potential antitrust violations are leaning toward pushing for a breakup of its ad technology business as part of an expected suit , people familiar with the situation told CNBC .
Fifty attorneys general have been probing Google 's business practices for months , alongside a similar probe being led by the U.S. Department of Justice .
Both the states and the DOJ are @ @ @ @ @ @ @ internet giant as soon as within the next few months , the people told CNBC .
The states and the Justice Department have not yet officially decided whether to combine their expected suits , the people said , though they have been collaborating closely .
Both have been investigating Google 's search , ad technology and android business .
The attorneys general investigating Google , which is owned by Alphabet , have n't yet definitively ruled out pushing for alternatives for its ad technology business , like imposing restrictions on how it runs @ @ @ @ @ @ @ said .
A suit may also include a push for both that option and breaking up the ad tech business .
Should the attorneys general aggressively pursue a break up of Google 's ad technology business , it would be notable .
While regulatory enforcement agencies have recently favored `` structural remedies '' − breakups and divestitures − regulators have less onerous solutions available , like barring certain behaviors through a consent decree .
Once the attorneys general file their expected lawsuit , they have a number of tools at their disposal to @ @ @ @ @ @ @ breakup of Google 's ad technology business .
That includes what they allege , the evidence they introduce , pre-trial briefings and news conferences .
In Google 's case , pushing for a breakup of its ad technology business may be difficult , some lawyers say , because it does not exist as a stand-alone unit easily hived off .
And its two main deals , DoubleClick in 2007 and AdMob in 2009 , were years ago .
`` Courts are very concerned that by ripping a company apart , it hurts consumers @ @ @ @ @ @ @ do n't have the expertise to do that , '' said Stephen Houck , one of the government lawyers in the Microsoft antitrust case two decades ago .
While Google generates the majority of its roughly $ 161 billion in revenue from ad sales , the revenue it gets from the software and technology that serve as the backbone of that business is far smaller .
Its Network Members business , which includes AdMob , AdSense and Google Ad Manager , generated about $ 22 billion in sales the last fiscal year .
@ @ @ @ @ @ @ , putting its DoubleClick products for advertisers together with Google Analytics 360 to become the `` Google Marketing Platform . ''
Then it put its DoubleClick products for publishers and the DoubleClick ad exchange into the `` Google Ad Manager . ''
While the government has successfully fought for a breakup of corporate giants in the past , including Standard Oil in 1911 and AT & T in the 1980s , more recent cases have imposed weaker remedies .
Both IBM in the 1980s and Microsoft in 2000 concluded antitrust suits without breaking @ @ @ @ @ @ @ political winds have more recently seemingly turned against big technology companies .
President Donald Trump has alleged , along with other Republicans , that companies like Google censor conservative content , a claim Google has denied .
He earlier this month signed an executive order vowing to crack down on the liability protections for internet companies like Google through Section 230 of the Communications Decency Act .
Attending the signing of that executive order was Attorney General William Barr , whose deputy recently took leadership of the Justice Departments ' antitrust investigation into @ @ @ @ @ @ @ antitrust official , Makan Delrahim , recused himself .
Presidential candidate Joe Biden served as vice president for Barack Obama , who has been criticized for allowing tech companies to become too powerful on his watch .
Biden has said that , as president , he would set up a new department within the Justice Department to go back and look at the megamergers that have occurred and those that are being proposed .
A spokesperson for Google told CNBC in a statement , `` We continue to engage with the ongoing investigations @ @ @ @ @ @ @ Attorney General Paxton , and we do n't have any updates or comments on speculation . ''
`` The facts are clear , '' she added , `` our digital advertising products compete across a crowded industry with hundreds of rivals and technologies , and have helped lower costs for advertisers and consumers . ''
A spokesperson for Texas Attorney General Ken Paxton , who is leading the ad tech part of the probe , declined to comment .
A spokesperson for the DOJ did not respond to a request for comment .

Visitors pass by the logo of Google at the high profile startups and high tech leaders gathering, Viva Tech, in Paris, France May 16, 2019.
The state attorneys general investigating Google for potential antitrust violations are leaning toward pushing for a breakup of its ad technology business as part of an expected suit, people familiar with the situation told CNBC.
Fifty attorneys general have been probing Google's business practices for months, alongside a similar probe being led by the U.S. Department of Justice. Both the states and the DOJ are looking to file a suit against the internet giant as soon as within the next few months, the people told CNBC.
The states and the Justice Department have not yet officially decided whether to combine their expected suits, the people said, though they have been collaborating closely. Both have been investigating Google's search, ad technology and android business.
The attorneys general investigating Google, which is owned by Alphabet , haven't yet definitively ruled out pushing for alternatives for its ad technology business, like imposing restrictions on how it runs its business, one of the sources said. A suit may also include a push for both that option and breaking up the ad tech business.
Should the attorneys general aggressively pursue a break up of Google's ad technology business, it would be notable. While regulatory enforcement agencies have recently favored "structural remedies" − breakups and divestitures − regulators have less onerous solutions available, like barring certain behaviors through a consent decree.
Once the attorneys general file their expected lawsuit, they have a number of tools at their disposal to signal their intent to push for a breakup of Google's ad technology business. That includes what they allege, the evidence they introduce, pre-trial briefings and news conferences.
In Google's case, pushing for a breakup of its ad technology business may be difficult, some lawyers say, because it does not exist as a stand-alone unit easily hived off. And its two main deals, DoubleClick in 2007 and AdMob in 2009, were years ago.
"Courts are very concerned that by ripping a company apart, it hurts consumers and make it worse for people that don't have the expertise to do that," said Stephen Houck, one of the government lawyers in the Microsoft antitrust case two decades ago. Houck is now an adviser to Google.
While Google generates the majority of its roughly $161 billion in revenue from ad sales, the revenue it gets from the software and technology that serve as the backbone of that business is far smaller. Its Network Members business, which includes AdMob, AdSense and Google Ad Manager, generated about $22 billion in sales the last fiscal year.
Google retired the DoubleClick name in 2018, putting its DoubleClick products for advertisers together with Google Analytics 360 to become the "Google Marketing Platform." Then it put its DoubleClick products for publishers and the DoubleClick ad exchange into the "Google Ad Manager."
While the government has successfully fought for a breakup of corporate giants in the past, including Standard Oil in 1911 and AT&T in the 1980s, more recent cases have imposed weaker remedies. Both IBM in the 1980s and Microsoft in 2000 concluded antitrust suits without breaking up the respective companies.
Still, political winds have more recently seemingly turned against big technology companies.
President Donald Trump has alleged, along with other Republicans, that companies like Google censor conservative content, a claim Google has denied. He earlier this month signed an executive order vowing to crack down on the liability protections for internet companies like Google through Section 230 of the Communications Decency Act.
Attending the signing of that executive order was Attorney General William Barr, whose deputy recently took leadership of the Justice Departments' antitrust investigation into Google, after the country's top antitrust official, Makan Delrahim, recused himself.
Presidential candidate Joe Biden served as vice president for Barack Obama, who has been criticized for allowing tech companies to become too powerful on his watch. Biden has said that, as president, he would set up a new department within the Justice Department to go back and look at the megamergers that have occurred and those that are being proposed.
A spokesperson for Google told CNBC in a statement, "We continue to engage with the ongoing investigations led by the Department of Justice and Attorney General Paxton, and we don't have any updates or comments on speculation."
"The facts are clear," she added, "our digital advertising products compete across a crowded industry with hundreds of rivals and technologies, and have helped lower costs for advertisers and consumers."
A spokesperson for Texas Attorney General Ken Paxton, who is leading the ad tech part of the probe, declined to comment. A spokesperson for the DOJ did not respond to a request for comment.


cnbc--2020-06-05--Citigroup executive Ray McGuire discussed potential NYC mayor run with political strategists

Citigroup 's Ray McGuire appears to be moving closer to running for mayor of New York .
He has held court with several high-profile political strategists recently , and at least one city political power player seems to be working the phones on his behalf .
McGuire , one of the most prominent black executives in finance , is vice chairman of Citigroup and chairman of its banking , capital markets and advisory business .
He has been speaking with senior New York political advisors about a possible run for the city 's highest office , according to people familiar @ @ @ @ @ @ @ a veteran strategist whose previous clients include former President Bill Clinton and former New York Mayor Mike Bloomberg , met with McGuire before the state locked down due to the coronavirus pandemic .
While he declined to comment on whether he 's met with McGuire , Sheinkopf did tell CNBC that he believes the Citi executive could stand a chance , particularly if Mayor Bill de Blasio leaves the city in financial distress after his term ends in the wake of the coronavirus pandemic and ongoing citywide protests .
He insisted , though @ @ @ @ @ @ @ difficult for anyone new to the New York political scene to create a movement needed to win .
`` Do I think that he 's up to the task ?
It 's hard to create a political organization in New York City , nobody knows what the future looks like , '' Sheinkopf said .
`` Could he make the case ?
The answer is he can make the case .
Could he be a level of calm while we 're in the middle of the storm ?
The answer is he could @ @ @ @ @ @ @ advisors have told McGuire that he has a chance of winning the race next year if he can demonstrate how he has been a leader on Wall Street .
They believe the city will looking for a mayor with a strong track record of experience and leadership , especially as it recovers from the economic devastation from the spread of Covid-19 .
Since March , the state of New York has seen more than 2 million unemployment claims .
The city is expected to start their phase one reopening plan on Monday .
@ @ @ @ @ @ @ for reacting too late in shutting down the city , including schools .
McGuire 's allies in the business community push his professional achievements whenever CNBC has recently asked about what they think of McGuire possibly running for mayor .
They notably do not rule out him getting into the race .
`` Ray McGuire is an outstanding professional with a sterling record of achievement , '' Vernon Jordan , a senior managing director at asset management firm Lazard , said in an email .
`` His academic achievements are inspiring for young @ @ @ @ @ @ @ demonstrates in his professional endeavors are exemplary for his peers and mentors .
He has a bright future ahead . ''
Jordan , who is also black , is a longtime business and political power broker , and he has strong ties to the Clinton family .
As of earlier this week , these people familiar with the matter noted that McGuire had yet to officially make a decision on whether he would run .
Others that are reportedly possible contenders for mayor include City Council Speaker Corey Johnson , Comptroller Scott Stringer @ @ @ @ @ @ @ Though he 's never run for political office , McGuire has been a donor to Democrats , including a recent stint on Sen. Kamala Harris ' presidential finance committee .
He is now a supporter of apparent Democratic nominee Joe Biden .
Some of the discussions with political strategists , a person noted , have been linked to Keith Wright , the chair of the New York County Democratic Committee .
Wright has been a player in New York politics for well over a decade , including a stint working with David Dinkins @ @ @ @ @ @ @ president .
Dinkins eventually went on to be mayor of New York in the early 1990s .
Wright , after publication , denied that he was organizing meetings for McGuire but noted he 's known him for 40 years .
`` I have known Mr. McGuire for 40 years .
I have not set up any meetings for him at all .
In addition , I am not supporting any mayoral candidate at this time , '' Wright said .
The people describing McGuire 's ongoing decision process declined to be named as @ @ @ @ @ @ @ .
After laying out what CNBC learned about McGuire , his Citi spokeswoman did not deny it and declined to comment further .
All of these moves suggest that McGuire , at least unofficially , has been pushing forward with exploring a run for mayor and he 's gone much further than just discussing the idea among friends , as CNBC first reported earlier this year .
At the time , McGuire 's press representative said `` talk about him considering a run for mayor of New York City is pure speculation .
@ @ @ @ @ @ @ while he wraps up his second term as mayor of New York , including on the handling of protests that have rocked the city .
The outrage across the country on racial injustices and police abuse , came after the death of George Floyd , a black , unarmed man who died after a Minneapolis police officer knelt on his neck for nearly nine minutes .
The mayor has often sided with the New York Police Department that has been accused by progressive leaders of acting , in some cases , too violently @ @ @ @ @ @ @ sided with police in the past , co-signing an open letter last year with almost two dozen other black leaders that defended the NYPD after some officers were verbally attacked and doused with water .
Adams , the Brooklyn borough president , who is also considering getting into the mayoral race , also signed the letter .

Citigroup's Ray McGuire appears to be moving closer to running for mayor of New York.
He has held court with several high-profile political strategists recently, and at least one city political power player seems to be working the phones on his behalf.
McGuire, one of the most prominent black executives in finance, is vice chairman of Citigroup and chairman of its banking, capital markets and advisory business. He has been speaking with senior New York political advisors about a possible run for the city's highest office, according to people familiar with the matter.
Hank Sheinkopf, a veteran strategist whose previous clients include former President Bill Clinton and former New York Mayor Mike Bloomberg, met with McGuire before the state locked down due to the coronavirus pandemic.
While he declined to comment on whether he's met with McGuire, Sheinkopf did tell CNBC that he believes the Citi executive could stand a chance, particularly if Mayor Bill de Blasio leaves the city in financial distress after his term ends in the wake of the coronavirus pandemic and ongoing citywide protests. He insisted, though, that it's going to be difficult for anyone new to the New York political scene to create a movement needed to win.
"Do I think that he's up to the task? It's hard to create a political organization in New York City, nobody knows what the future looks like," Sheinkopf said. "Could he make the case? The answer is he can make the case. Could he be a level of calm while we're in the middle of the storm? The answer is he could be."
A few Democratic Party advisors have told McGuire that he has a chance of winning the race next year if he can demonstrate how he has been a leader on Wall Street. They believe the city will looking for a mayor with a strong track record of experience and leadership, especially as it recovers from the economic devastation from the spread of Covid-19.
Since March, the state of New York has seen more than 2 million unemployment claims. The city is expected to start their phase one reopening plan on Monday. De Blasio has been slammed by critics for reacting too late in shutting down the city, including schools.
McGuire's allies in the business community push his professional achievements whenever CNBC has recently asked about what they think of McGuire possibly running for mayor. They notably do not rule out him getting into the race.
"Ray McGuire is an outstanding professional with a sterling record of achievement," Vernon Jordan, a senior managing director at asset management firm Lazard, said in an email. "His academic achievements are inspiring for young people and the integrity and character Ray demonstrates in his professional endeavors are exemplary for his peers and mentors. He has a bright future ahead." Jordan, who is also black, is a longtime business and political power broker, and he has strong ties to the Clinton family.
As of earlier this week, these people familiar with the matter noted that McGuire had yet to officially make a decision on whether he would run. Others that are reportedly possible contenders for mayor include City Council Speaker Corey Johnson, Comptroller Scott Stringer and Brooklyn Borough President Eric Adams.
Though he's never run for political office, McGuire has been a donor to Democrats, including a recent stint on Sen. Kamala Harris' presidential finance committee. He is now a supporter of apparent Democratic nominee Joe Biden.
Some of the discussions with political strategists, a person noted, have been linked to Keith Wright, the chair of the New York County Democratic Committee. Wright has been a player in New York politics for well over a decade, including a stint working with David Dinkins, when he was the Manhattan borough president. Dinkins eventually went on to be mayor of New York in the early 1990s.
Wright, after publication, denied that he was organizing meetings for McGuire but noted he's known him for 40 years.
"I have known Mr. McGuire for 40 years. I have not set up any meetings for him at all. In addition, I am not supporting any mayoral candidate at this time," Wright said.
The people describing McGuire's ongoing decision process declined to be named as they have all been made in private.
After laying out what CNBC learned about McGuire, his Citi spokeswoman did not deny it and declined to comment further.
All of these moves suggest that McGuire, at least unofficially, has been pushing forward with exploring a run for mayor and he's gone much further than just discussing the idea among friends, as CNBC first reported earlier this year. At the time, McGuire's press representative said "talk about him considering a run for mayor of New York City is pure speculation."
De Blasio has come under fire while he wraps up his second term as mayor of New York, including on the handling of protests that have rocked the city. The outrage across the country on racial injustices and police abuse, came after the death of George Floyd, a black, unarmed man who died after a Minneapolis police officer knelt on his neck for nearly nine minutes.
The mayor has often sided with the New York Police Department that has been accused by progressive leaders of acting, in some cases, too violently against the protesters.
McGuire himself has sided with police in the past, co-signing an open letter last year with almost two dozen other black leaders that defended the NYPD after some officers were verbally attacked and doused with water. Adams, the Brooklyn borough president, who is also considering getting into the mayoral race, also signed the letter.


cnbc--2020-06-05--Trump caps chaotic week with a victory lap over better-than-expected jobs report

WASHINGTON — As one of the bleakest and most tumultuous weeks of his presidency came to a close , President Donald Trump got an unexpected chance to celebrate Friday , when new unemployment figures came in much better than expected .
According to the Bureau of Labor Statistics , May payrolls grew by 2.5 million , a striking reversal after months of economic collapse caused by the coronavirus pandemic , and forecasts that 9 million jobs would be lost in May .
Following release of the numbers , Trump delivered a rambling , hourlong statement in the Rose Garden , @ @ @ @ @ @ @ 's response to coronavirus , to his approach to China , to the pace of economic recovery , to race relations , to the protests near the White House this week , to Floyd , to oil prices , to his record on veterans healthcare .
The unscripted speech was chance for the president to get in front of the cameras and relish the first good news he 's had in weeks .
Trump pointed to the jobs numbers as evidence that he was correct in pressuring states to reopen businesses last month @ @ @ @ @ @ @ met the recommended criteria for reopening following the worst of the coronavirus pandemic .
He also took a swipe at states that have not fully reopened yet , mostly because they have been especially hard hit by the deadly virus .
`` We 're opening our country , and I hope that the 'lock down governors '' – I do n't know why they continue to lock down , '' Trump said .
`` Because if you look at Georgia , if you look at Florida , if you look at South Carolina @ @ @ @ @ @ @ different places that have opened up , I do n't want to name all of them , but the ones that are most energetic about opening , they are doing tremendous business and this is what these numbers are all about . ''
The BLS figures did reflect that a big part of the job growth was in states that reopened their restaurant industries , with 1.4 million jobs added in `` food services and drinking places '' last month .

WASHINGTON — As one of the bleakest and most tumultuous weeks of his presidency came to a close, President Donald Trump got an unexpected chance to celebrate Friday, when new unemployment figures came in much better than expected.
According to the Bureau of Labor Statistics, May payrolls grew by 2.5 million, a striking reversal after months of economic collapse caused by the coronavirus pandemic, and forecasts that 9 million jobs would be lost in May.
Following release of the numbers, Trump delivered a rambling, hourlong statement in the Rose Garden, where he addressed everything from his administration's response to coronavirus, to his approach to China, to the pace of economic recovery, to race relations, to the protests near the White House this week, to Floyd, to oil prices, to his record on veterans healthcare.
The unscripted speech was chance for the president to get in front of the cameras and relish the first good news he's had in weeks.
Trump pointed to the jobs numbers as evidence that he was correct in pressuring states to reopen businesses last month, despite most of them not having met the recommended criteria for reopening following the worst of the coronavirus pandemic. He also took a swipe at states that have not fully reopened yet, mostly because they have been especially hard hit by the deadly virus.
"We're opening our country, and I hope that the 'lock down governors" – I don't know why they continue to lock down," Trump said. "Because if you look at Georgia, if you look at Florida, if you look at South Carolina, if you look at so many different places that have opened up, I don't want to name all of them, but the ones that are most energetic about opening, they are doing tremendous business and this is what these numbers are all about."
The BLS figures did reflect that a big part of the job growth was in states that reopened their restaurant industries, with 1.4 million jobs added in "food services and drinking places" last month.


cnbc--2020-06-05--Cuomo applauds suspension of Buffalo cops who knocked down 75-year-old man

Calling a video of western New York cops pushing a 75-year-old man to a sidewalk `` fundamentally offensive and frightening , '' Gov .
Andrew Cuomo applauded the resulting suspension of two Buffalo police officers on Friday .
Cuomo told reporters that he spoke on the phone with the man , who `` is thankfully alive '' after being knocked to the ground in Buffalo by two heavily armored officers .
The man , who has been identified by multiple news outlets as Martin Gugino , stood alone in front of an approaching line of police officers , video of @ @ @ @ @ @ @ to one of the cops , others yelled for him to move back , and two officers pushed him in the chest , knocking him over backward .
The video showed blood coming from the man 's head as he lay motionless on the ground .
Police did not immediately tend to him .
`` You see that video and it disturbs your basic sense of decency and humanity , '' Cuomo said .
`` Why ?
Why ?
Why was that necessary ? ''
Buffalo Mayor Byron Brown said in a statement @ @ @ @ @ @ @ in `` serious but stable condition '' at Erie County Medical Center .
`` I was deeply disturbed by the video , as was Buffalo Police Commissioner Byron Lockwood , '' who has directed an investigation into the incident , Brown 's statement said .
Buffalo police at first said `` one person was injured when he tripped and fell , '' according to local outlet WIVB .
Buffalo Police Department Captain Jeff Rinaldo could not be reached by phone for comment .
The two officers have been suspended without pay , Brown @ @ @ @ @ @ @ noted that the incident happened after a `` physical altercation between two separate groups of protesters in an illegal demonstration beyond the curfew . ''
The altercation followed days of protests in Buffalo and across the nation in response to the death of George Floyd , an unarmed black man who died in Minneapolis after a white police officer held his knee on Floyd 's neck for more than eight minutes .
Violence and looting have broken out of some of the protests , prompting city and state leaders to significantly ramp up @ @ @ @ @ @ @ did we get to this place ? ''
Cuomo said at his presser , citing instances of protesters and officers alike being attacked amid the protests .
Cuomo applauded the Buffalo mayor , adding `` I believe the district attorney is looking into it from a possible criminal liability point of view , and I applaud the district attorney for moving quickly . ''
Officers in New York City , which saw widespread property destruction and hundreds of arrests on Monday night , have been criticized for their use of force against protesters @ @ @ @ @ @ @ Bill de Blasio have sparred over the law enforcement response to the protests , with the governor accusing the mayor of underestimating `` the scope of the problem . ''

Calling a video of western New York cops pushing a 75-year-old man to a sidewalk "fundamentally offensive and frightening," Gov. Andrew Cuomo applauded the resulting suspension of two Buffalo police officers on Friday.
Cuomo told reporters that he spoke on the phone with the man, who "is thankfully alive" after being knocked to the ground in Buffalo by two heavily armored officers.
The man, who has been identified by multiple news outlets as Martin Gugino, stood alone in front of an approaching line of police officers, video of the incident shows.
As he gestured to one of the cops, others yelled for him to move back, and two officers pushed him in the chest, knocking him over backward. The video showed blood coming from the man's head as he lay motionless on the ground. Police did not immediately tend to him.
"You see that video and it disturbs your basic sense of decency and humanity," Cuomo said. "Why? Why? Why was that necessary?"
Buffalo Mayor Byron Brown said in a statement Thursday night that the elderly man was in "serious but stable condition" at Erie County Medical Center.
"I was deeply disturbed by the video, as was Buffalo Police Commissioner Byron Lockwood," who has directed an investigation into the incident, Brown's statement said.
Buffalo police at first said "one person was injured when he tripped and fell," according to local outlet WIVB. Buffalo Police Department Captain Jeff Rinaldo could not be reached by phone for comment.
The two officers have been suspended without pay, Brown said in the statement. The mayor noted that the incident happened after a "physical altercation between two separate groups of protesters in an illegal demonstration beyond the curfew."
Brown TWEET
The altercation followed days of protests in Buffalo and across the nation in response to the death of George Floyd, an unarmed black man who died in Minneapolis after a white police officer held his knee on Floyd's neck for more than eight minutes. Violence and looting have broken out of some of the protests, prompting city and state leaders to significantly ramp up their law enforcement efforts.
"How did we get to this place?" Cuomo said at his presser, citing instances of protesters and officers alike being attacked amid the protests.
Cuomo applauded the Buffalo mayor, adding "I believe the district attorney is looking into it from a possible criminal liability point of view, and I applaud the district attorney for moving quickly."
Officers in New York City, which saw widespread property destruction and hundreds of arrests on Monday night, have been criticized for their use of force against protesters. Cuomo and New York City Mayor Bill de Blasio have sparred over the law enforcement response to the protests, with the governor accusing the mayor of underestimating "the scope of the problem."


cnbc--2020-06-05--DC mayor tells Trump to remove federal law enforcement and military from the city as George Floyd pr

DC mayor tells Trump to remove federal law enforcement and military from the city as George Floyd protests continue

Police forces and National Guard vehicles are used to block 16th Street near Lafayette Park and the White House on June 3 , 2020 in Washington , DC .
Bowser 's letter comes as the message `` Black Lives Matter '' was painted in giant yellow letters down 16th Street in Washington , the site of many demonstrations .
`` Furthermore , I continue to be concerned that unidentified federal personnel patrolling the streets of Washington , D.C. pose both safety and national security risks , '' the Democratic mayor added .
`` The deployment of federal law enforcement personnel @ @ @ @ @ @ @ to the grievances of those who , by and large , are peacefully protesting for change and reforms to the racist and broken systems that are killing Black Americans , '' Bowser explained in a letter to Trump .
WASHINGTON — Mayor Muriel Bowser on Friday said she wants President Donald Trump to remove `` all extraordinary federal law enforcement and military presence '' from the city as protests over the death of George Floyd continued .
Protester paint a giant Black Lives Matter sign on 16th street near the White House in @ @ @ @ @ @ @ 2020 .
Trump fired back in a pair of tweets Friday afternoon , calling the Democratic mayor `` incompetent '' with a budget that is `` totally out of control . ''
`` [ Mayor Bowser ] is constantly coming back to us for `` handouts '' , is now fighting with the National Guard , who saved her from great embarrassment over the last number of nights .
If she does n't treat these men and women well , then we 'll bring in a different group of men and women !
@ @ @ @ @ @ @ cities across the nation , the U.S. capital has been rocked by a week of protests against police brutality following the death of George Floyd , a black Minneapolis man who died after a white police officer knelt on his neck .
On Tuesday evening , the Pentagon confirmed that approximately 1,600 active-duty troops from Fort Bragg in North Carolina and Fort Drum in New York were flown into the Washington area , as the nation braced for another day of protests .
Read more : Esper regrets using the term 'battle space @ @ @ @ @ @ @ cities The troops , who are `` postured '' on military bases near the District of Columbia , have so far not taken part in any support to `` civil authority operations , '' the Pentagon said in a statement Tuesday night .
There are approximately 41,500 National Guardsmen activated across 33 states and the District of Columbia to assist state and local law enforcement in civil unrest operations .
On Wednesday , Defense Secretary Mark Esper told reporters at the Pentagon that while he ordered the deployment of 1,600 troops to the @ @ @ @ @ @ @ the Insurrection Act .
That law would allow President Donald Trump to send the active-duty military to respond to civil unrest in cities across the country .
The Pentagon then said it was going to send home some of the active-duty troops .
Hours later , following a meeting at the White House and reports that Trump was upset with Esper , an Army spokesperson told NBC News that Esper had changed his mind again and would not be sending troops home .
Read more : Esper is still Defense secretary 'as of @ @ @ @ @ @ @ after reports say Trump was angry with him A day later , Esper reversed his decision and ordered several hundred troops from the 82nd Airborne Division to return home to Fort Bragg in North Carolina .

Police forces and National Guard vehicles are used to block 16th Street near Lafayette Park and the White House on June 3, 2020 in Washington, DC.
Bowser's letter comes as the message "Black Lives Matter" was painted in giant yellow letters down 16th Street in Washington, the site of many demonstrations.
"Furthermore, I continue to be concerned that unidentified federal personnel patrolling the streets of Washington, D.C. pose both safety and national security risks," the Democratic mayor added.
"The deployment of federal law enforcement personnel and equipment are inflaming demonstrators and adding to the grievances of those who, by and large, are peacefully protesting for change and reforms to the racist and broken systems that are killing Black Americans," Bowser explained in a letter to Trump.
WASHINGTON — Mayor Muriel Bowser on Friday said she wants President Donald Trump to remove "all extraordinary federal law enforcement and military presence" from the city as protests over the death of George Floyd continued.
Protester paint a giant Black Lives Matter sign on 16th street near the White House in Washington, DC, on June 5 2020.
Trump fired back in a pair of tweets Friday afternoon, calling the Democratic mayor "incompetent" with a budget that is "totally out of control."
"[Mayor Bowser] is constantly coming back to us for "handouts", is now fighting with the National Guard, who saved her from great embarrassment over the last number of nights. If she doesn't treat these men and women well, then we'll bring in a different group of men and women!," the president tweeted.
Like cities across the nation, the U.S. capital has been rocked by a week of protests against police brutality following the death of George Floyd, a black Minneapolis man who died after a white police officer knelt on his neck.
On Tuesday evening, the Pentagon confirmed that approximately 1,600 active-duty troops from Fort Bragg in North Carolina and Fort Drum in New York were flown into the Washington area, as the nation braced for another day of protests.
Read more: Esper regrets using the term 'battle space' when describing civil unrest in U.S. cities
The troops, who are "postured" on military bases near the District of Columbia, have so far not taken part in any support to "civil authority operations," the Pentagon said in a statement Tuesday night.
There are approximately 41,500 National Guardsmen activated across 33 states and the District of Columbia to assist state and local law enforcement in civil unrest operations.
On Wednesday, Defense Secretary Mark Esper told reporters at the Pentagon that while he ordered the deployment of 1,600 troops to the region, he does not support invoking the Insurrection Act. That law would allow President Donald Trump to send the active-duty military to respond to civil unrest in cities across the country.
The Pentagon then said it was going to send home some of the active-duty troops.
Hours later, following a meeting at the White House and reports that Trump was upset with Esper, an Army spokesperson told NBC News that Esper had changed his mind again and would not be sending troops home.
Read more: Esper is still Defense secretary 'as of right now,' White House says after reports say Trump was angry with him
A day later, Esper reversed his decision and ordered several hundred troops from the 82nd Airborne Division to return home to Fort Bragg in North Carolina.


cnbc--2020-06-05--Trump signs bill to ease guidelines on coronavirus relief loans for small businesses

US President Donald Trump shows his signature on the Paycheck Protection Program Flexibility Act of 2020 as he holds a press conference on the economy , in the Rose Garden of the White House in Washington , DC , on June 5 , 2020 .
President Donald Trump signed a bill Friday to give recipients of government small business loans during the coronavirus more flexibility in how they spend the money .
The Senate passed the legislation by voice vote Wednesday , following nearly unanimous House approval last week .
The measure eases the conditions small businesses have to meet @ @ @ @ @ @ @ Program loans forgiven , as some struggled to meet key thresholds during the pandemic .
Trump said the legislation `` will especially help restaurants , hotels and other businesses that have been very hard hit by the virus . ''
• Cuts the share of aid recipients need to use on payroll to 60 % from 75 % • Allows businesses to use the money for six months instead of two months • Gives loan recipients a longer period of time to repay the loans Though the bill passed by voice vote this @ @ @ @ @ @ @ the Senate before Sen. Ron Johnson , R-Wisc.
, got assurances about future changes .
He wants the PPP to expire earlier than originally planned .
Congress first put $ 350 billion into the small business loan program .
After the government quickly doled out that money during a chaotic rollout , lawmakers put another $ 310 billion into the PPP — with $ 60 billion going directly to small lenders .

President Donald Trump signed a bill Friday to give recipients of government small business loans during the coronavirus more flexibility in how they spend the money.
The Senate passed the legislation by voice vote Wednesday, following nearly unanimous House approval last week. The measure eases the conditions small businesses have to meet in order to get the Paycheck Protection Program loans forgiven, as some struggled to meet key thresholds during the pandemic.
Trump said the legislation "will especially help restaurants, hotels and other businesses that have been very hard hit by the virus."
The bill:
Cuts the share of aid recipients need to use on payroll to 60% from 75%
Allows businesses to use the money for six months instead of two months
Extends a June 30 deadline for companies to rehire employees
Gives loan recipients a longer period of time to repay the loans
Lets companies receiving loan forgiveness defer payroll taxes
Though the bill passed by voice vote this week, it did not get through the Senate before Sen. Ron Johnson, R-Wisc., got assurances about future changes. He wants the PPP to expire earlier than originally planned.
Congress first put $350 billion into the small business loan program. After the government quickly doled out that money during a chaotic rollout, lawmakers put another $310 billion into the PPP — with $60 billion going directly to small lenders.


cnbc--2020-06-05--Coronavirus relief talks to continue 'in good faith' after blowout jobs report, Pence says

Following a blowout jobs report , Vice President Mike Pence told CNBC on Friday that the Trump administration will have more `` good faith '' discussions with Democrats about coronavirus relief .
`` Those discussions are ongoing , '' Pence said when asked on CNBC 's `` Squawk on the Street '' if the surprisingly strong economic numbers ended the need to negotiate with Democrats on additional pandemic relief .
`` We 're going to work in good faith to put the interests of the American families and American businesses first , '' Pence said .
`` But what 's @ @ @ @ @ @ @ is that we have the kind of pro-growth policies that President Trump has been advancing . ''
Pence spoke shortly after the May jobs report showed a stunning rise in employment and a decline in the jobless rate , defying expectations and suggesting an economic recovery from pandemic is underway .
The U.S. added 2.5 million jobs in May and the unemployment rate fell to 13.3 % from 14.7 % in April .
Economists surveyed by Dow Jones had been expecting nonfarm payrolls to drop by 8.333 million and the unemployment rate to @ @ @ @ @ @ @ Trump immediately took a victory lap on the numbers , calling them `` stupendous , '' `` joyous , '' `` STUNNING '' and `` INCREDIBLE '' in a series of tweets .
Trump extended the celebration with a lengthy , wide-ranging speech in the Rose Garden later Friday morning .
Pence did a phenomenal job on CNBC , Trump said , by saying the recovery is `` not going to stop . ''
`` He 's always attributing everything to me , but I 'll attribute this statement to him , '' @ @ @ @ @ @ @ said , 'It 's not going to stop , ' because the numbers that you 're looking at do n't include all of those states that are closed . ''
Despite the administration 's optimistic tone , its insistence on pursuing further aid indicates that there are lingering concerns about the economy even after May 's gains .
Pence said a payroll tax cut remains a necessity for sustaining an economic recovery and added that `` we 're always mindful of inflation '' in an era where the federal government has spent trillions @ @ @ @ @ @ @ to blunt the impact of the virus .
More than 108,000 people in the U.S. have died from Covid-19 and more than 1.87 million cases have been counted , according to data from Johns Hopkins University .
Although hot spots like New York City have been posting steady declines in new cases and hospitalizations , U.S. cases have been on a gradual rise since Memorial Day .
`` We 're going to do whatever it takes to get the American people through this pandemic , and we 've done that and we 'll @ @ @ @ @ @ @ small businesses , particularly businesses that have been severely impacted in our inner cities , '' Pence said .
Those include businesses `` that have been subject to rioting and looting in recent days '' amid the civil unrest following the death of George Floyd at the hands of Minneapolis police .
The vice president also took a shot at Trump 's competitor in the 2020 election , saying the `` only thing '' that could threaten a recovery would be electing Joe Biden in November .

Following a blowout jobs report, Vice President Mike Pence told CNBC on Friday that the Trump administration will have more "good faith" discussions with Democrats about coronavirus relief.
"Those discussions are ongoing," Pence said when asked on CNBC's "Squawk on the Street" if the surprisingly strong economic numbers ended the need to negotiate with Democrats on additional pandemic relief.
"We're going to work in good faith to put the interests of the American families and American businesses first," Pence said.
"But what's absolutely essential about any additional recovery package is that we have the kind of pro-growth policies that President Trump has been advancing."
Pence spoke shortly after the May jobs report showed a stunning rise in employment and a decline in the jobless rate, defying expectations and suggesting an economic recovery from pandemic is underway.
The U.S. added 2.5 million jobs in May and the unemployment rate fell to 13.3% from 14.7% in April. Economists surveyed by Dow Jones had been expecting nonfarm payrolls to drop by 8.333 million and the unemployment rate to rise to 19.5%.
President Donald Trump immediately took a victory lap on the numbers, calling them "stupendous," "joyous," "STUNNING" and "INCREDIBLE" in a series of tweets.
Trump extended the celebration with a lengthy, wide-ranging speech in the Rose Garden later Friday morning.
Pence did a phenomenal job on CNBC, Trump said, by saying the recovery is "not going to stop."
"He's always attributing everything to me, but I'll attribute this statement to him," Trump said of Pence. "He said, 'It's not going to stop,' because the numbers that you're looking at don't include all of those states that are closed."
Despite the administration's optimistic tone, its insistence on pursuing further aid indicates that there are lingering concerns about the economy even after May's gains.
Pence said a payroll tax cut remains a necessity for sustaining an economic recovery and added that "we're always mindful of inflation" in an era where the federal government has spent trillions of dollars as part of its efforts to blunt the impact of the virus.
More than 108,000 people in the U.S. have died from Covid-19 and more than 1.87 million cases have been counted, according to data from Johns Hopkins University. Although hot spots like New York City have been posting steady declines in new cases and hospitalizations, U.S. cases have been on a gradual rise since Memorial Day.
"We're going to do whatever it takes to get the American people through this pandemic, and we've done that and we'll continue to do that for families and small businesses, particularly businesses that have been severely impacted in our inner cities," Pence said.
Those include businesses "that have been subject to rioting and looting in recent days" amid the civil unrest following the death of George Floyd at the hands of Minneapolis police.
The vice president also took a shot at Trump's competitor in the 2020 election, saying the "only thing" that could threaten a recovery would be electing Joe Biden in November.


cnbc--2020-06-06--George Floyd protests created a surge in voter registrations, groups say

A protester holding a fist in the air and a sign that says Prosecute Killer Cops !
!
, Vote Trump Out , Black Lives Matter , Stop Killing Us and Enough is Enough outside the Barclays Center .
Voter registrations , volunteer activity and donations for groups linked to Democratic causes are surging in the midst of protests following the death of George Floyd , according to voting advocacy groups .
This surge in registrations could end up being one of the factors that helps tip the election between apparent Democratic nominee Joe Biden and President Donald Trump .
@ @ @ @ @ @ @ voter registration organizations , Rock the Vote and one co-chaired by former first lady Michelle Obama .
Latino voter registration groups in recent weeks have noticed an uptick in their communities mobilization to vote , particularly from younger voters .
The leaders of these organizations said that many are registering after nationwide outrage directed at police brutality and the spread of the coronavirus pandemic , which has left over 100,000 dead and tens of millions jobless in the United States .
Unemployment rates for Hispanic and black workers remained high at 17.6 % @ @ @ @ @ @ @ after the nation added 2.5 million jobs last month .
Latino voters are a key voting bloc for whom Biden and Trump are competing .
Yet polls show that Trump has largely been out of favor with the majority of the Latino community , in the wake of his administration 's efforts to cut off funding to young immigrants who were brought to the country illegally and to build a border wall across the Mexican border .
A recent survey shows 62 % of registered Latino voters would back Biden over Trump .
@ @ @ @ @ @ @ by a white Minneapolis police officer .
The four officers involved in the arrest of the black man have been charged in his death , which sparked nationwide protests .
Many young Latino voters , leaders of these groups said , are showing solidarity with members of the black community in their opposition to Trump .
Voto Latino , a 501 ( c ) ( 4 ) nonprofit that is looking to help Democrats overtake Trump by registering a record number of Latinos to vote , said it has seen a massive upswing @ @ @ @ @ @ @ week ago .
Maria Teresa Kumar , CEO of the organization , told CNBC the group has already surpassed its June goal of registering 20,000 people , including in the key states of Arizona and Texas , and is expected to have 50,000 Latino youth registered by Sunday .
She said they 've done extensive digital test ads in states across the country tying the need to vote to what Latinos are witnessing in the protests .
She said the group has leaped over its June target of spending $ 140,000 in those @ @ @ @ @ @ @ a tight race between Trump and Biden .

A protester holding a fist in the air and a sign that says Prosecute Killer Cops!!, Vote Trump Out, Black Lives Matter, Stop Killing Us and Enough is Enough outside the Barclays Center.
Voter registrations, volunteer activity and donations for groups linked to Democratic causes are surging in the midst of protests following the death of George Floyd, according to voting advocacy groups.
This surge in registrations could end up being one of the factors that helps tip the election between apparent Democratic nominee Joe Biden and President Donald Trump. The efforts are by groups including Latino voter registration organizations, Rock the Vote and one co-chaired by former first lady Michelle Obama.
Latino voter registration groups in recent weeks have noticed an uptick in their communities mobilization to vote, particularly from younger voters. The leaders of these organizations said that many are registering after nationwide outrage directed at police brutality and the spread of the coronavirus pandemic, which has left over 100,000 dead and tens of millions jobless in the United States. Unemployment rates for Hispanic and black workers remained high at 17.6% and 16.8%, respectively, even after the nation added 2.5 million jobs last month.
Latino voters are a key voting bloc for whom Biden and Trump are competing. Yet polls show that Trump has largely been out of favor with the majority of the Latino community, in the wake of his administration's efforts to cut off funding to young immigrants who were brought to the country illegally and to build a border wall across the Mexican border. A recent survey shows 62% of registered Latino voters would back Biden over Trump.
Floyd died last week while being subdued by a white Minneapolis police officer. The four officers involved in the arrest of the black man have been charged in his death, which sparked nationwide protests. Many young Latino voters, leaders of these groups said, are showing solidarity with members of the black community in their opposition to Trump.
Voto Latino, a 501(c)(4) nonprofit that is looking to help Democrats overtake Trump by registering a record number of Latinos to vote, said it has seen a massive upswing of registrations since protests began over a week ago.
Maria Teresa Kumar, CEO of the organization, told CNBC the group has already surpassed its June goal of registering 20,000 people, including in the key states of Arizona and Texas, and is expected to have 50,000 Latino youth registered by Sunday. She said they've done extensive digital test ads in states across the country tying the need to vote to what Latinos are witnessing in the protests. She said the group has leaped over its June target of spending $140,000 in those two Southwest states, where polls show a tight race between Trump and Biden.


cnbc--2020-06-06--States are leaning toward a push to break up Google's ad tech business

Visitors pass by the logo of Google at the high profile startups and high tech leaders gathering , Viva Tech , in Paris , France May 16 , 2019 .
The state attorneys general investigating Google for potential antitrust violations are leaning toward pushing for a breakup of its ad technology business as part of an expected suit , people familiar with the situation told CNBC .
Fifty attorneys general have been probing Google 's business practices for months , alongside a similar probe being led by the U.S. Department of Justice .
Both the states and the DOJ are @ @ @ @ @ @ @ internet giant as soon as within the next few months , the people told CNBC .
The states and the Justice Department have not yet officially decided whether to combine their expected suits , the people said , though they have been collaborating closely .
Both have been investigating Google 's search , ad technology and android business .
The attorneys general investigating Google , which is owned by Alphabet , have n't yet definitively ruled out pushing for alternatives for its ad technology business , like imposing restrictions on how it runs @ @ @ @ @ @ @ said .
A suit may also include a push for both that option and breaking up the ad tech business .
Should the attorneys general aggressively pursue a break up of Google 's ad technology business , it would be notable .
While regulatory enforcement agencies have recently favored `` structural remedies '' − breakups and divestitures − regulators have less onerous solutions available , like barring certain behaviors through a consent decree .
Once the attorneys general file their expected lawsuit , they have a number of tools at their disposal to @ @ @ @ @ @ @ breakup of Google 's ad technology business .
That includes what they allege , the evidence they introduce , pre-trial briefings and news conferences .
In Google 's case , pushing for a breakup of its ad technology business may be difficult , some lawyers say , because it does not exist as a stand-alone unit easily hived off .
And its two main deals , DoubleClick in 2007 and AdMob in 2009 , were years ago .
`` Courts are very concerned that by ripping a company apart , it hurts consumers @ @ @ @ @ @ @ do n't have the expertise to do that , '' said Stephen Houck , one of the government lawyers in the Microsoft antitrust case two decades ago .
Houck is now an adviser to Google .
While Google generates the majority of its roughly $ 161 billion in revenue from ad sales , the revenue it gets from the software and technology that serve as the backbone of that business is far smaller .
Its Network Members business , which includes AdMob , AdSense and Google Ad Manager , generated about $ 22 @ @ @ @ @ @ @ .
Google retired the DoubleClick name in 2018 , putting its DoubleClick products for advertisers together with Google Analytics 360 to become the `` Google Marketing Platform . ''
Then it put its DoubleClick products for publishers and the DoubleClick ad exchange into the `` Google Ad Manager . ''
While the government has successfully fought for a breakup of corporate giants in the past , including Standard Oil in 1911 and AT & T in the 1980s , more recent cases have imposed weaker remedies .
Both IBM in the 1980s and @ @ @ @ @ @ @ breaking up the respective companies .
Still , political winds have more recently seemingly turned against big technology companies .
President Donald Trump has alleged , along with other Republicans , that companies like Google censor conservative content , a claim Google has denied .
He earlier this month signed an executive order vowing to crack down on the liability protections for internet companies like Google through Section 230 of the Communications Decency Act .
Attending the signing of that executive order was Attorney General William Barr , whose deputy recently took leadership @ @ @ @ @ @ @ into Google , after the country 's top antitrust official , Makan Delrahim , recused himself .
Presidential candidate Joe Biden served as vice president for Barack Obama , who has been criticized for allowing tech companies to become too powerful on his watch .
Biden has said that , as president , he would set up a new department within the Justice Department to go back and look at the megamergers that have occurred and those that are being proposed .
A spokesperson for Google told CNBC in a statement , `` @ @ @ @ @ @ @ investigations led by the Department of Justice and Attorney General Paxton , and we do n't have any updates or comments on speculation . ''
`` The facts are clear , '' she added , `` our digital advertising products compete across a crowded industry with hundreds of rivals and technologies , and have helped lower costs for advertisers and consumers . ''
A spokesperson for Texas Attorney General Ken Paxton , who is leading the ad tech part of the probe , declined to comment .
A spokesperson for the DOJ did @ @ @ @ @ @ @ .


cnbc--2020-06-08--Ex-Minneapolis cop Derek Chauvin bail set at up to $1.25 million for George Floyd murder charges

Former Minneapolis police officer Derek Chauvin poses for an undated booking photograph taken after he was transferred from a county @ @ @ @ @ of Corrections state facility .
Derek Chauvin , the former Minneapolis police officer charged with @ @ @ @ @ arrest , had his bail set at up to $ 1.25 million Monday .
Floyd @ @ @ @ @ died May 25 after Chauvin knelt on his neck to restrain him for nearly nine @ @ @ @ @ detained on suspicion of using a counterfeit $ 20 bill to make a purchase .
@ @ @ @ @ nationwide .
Chauvin , who is white , is charged with second- and third-degree murder @ @ @ @ @ The 44-year-old former cop , who has been in jail for nearly two weeks , @ @ @ @ @ Court via a remote video feed , wearing an orange jumpsuit and blue mask , @ @ @ @ @ have to post $ 1.25 million bail if he wants to be released with no @ @ @ @ @ ordered .

Former Minneapolis police officer Derek Chauvin poses for an undated booking photograph taken after he was transferred from a county jail to a Minnesota Department of Corrections state facility.
Derek Chauvin, the former Minneapolis police officer charged with murdering George Floyd during an arrest, had his bail set at up to $1.25 million Monday.
Floyd, who was black, died May 25 after Chauvin knelt on his neck to restrain him for nearly nine minutes while he was being detained on suspicion of using a counterfeit $20 bill to make a purchase. The incident has sparked protests nationwide.
Chauvin, who is white, is charged with second- and third-degree murder, and second-degree manslaughter.
The 44-year-old former cop, who has been in jail for nearly two weeks, appeared in Hennepin County District Court via a remote video feed, wearing an orange jumpsuit and blue mask, with handcuffs.
Chauvin will have to post $1.25 million bail if he wants to be released with no conditions, Judge Jeannice Reding ordered.


cnbc--2020-06-08--Democrats unveil police reform bill after nationwide protests against brutality

Top congressional Democrats unveiled a bill Monday to overhaul police practices as Americans gather daily to protest excessive use of force and systemic racism .
Lawmakers in the House and Senate released the legislation two weeks after the death of George Floyd , the black , unarmed man who died after a Minneapolis police officer knelt on his neck for nearly nine minutes .
The incident sparked nationwide furor over sustained brutality against black Americans .
His death added to a string of recent killings of black men and women that has led to perhaps the biggest reckoning over racism @ @ @ @ @ @ @ Democratic legislation would make sweeping changes designed both to deter police use of force and hold officers more accountable for abuses .
The federal bill comes as changes start at the local level : most of the Minneapolis City Council on Sunday committed to disbanding and replacing the city 's police force , while New York City will consider a range of law enforcement reforms .
Here 's some of what congressional Democrats ' bill would do : • Reform `` qualified immunity '' for officers , making it easier for people whose @ @ @ @ @ @ @ • Change the federal standard of criminal police behavior from `` willful '' to acting `` knowingly or with reckless disregard , '' to address the difficulty of prosecuting officers • Start a federal registry of police misconduct and require states to report use of force to the U.S. Justice Department • Ban police use of chokeholds and carotid holds , and condition funding for state and local departments on barring the practices • Stop the use of `` no-knock '' search warrants in drug cases in the U.S. , while also making @ @ @ @ @ @ @ use of the warrants • Give the Justice Department subpoena power to carry out `` pattern and practice '' investigations into police department conduct • Provide state attorneys general with grants to carry out pattern and practice probes and create a process for independent investigations into uses of force • Require training on racial bias and implicit bias at the federal level , and condition state and local funding on offering training • Curb transfers of military-grade weapons to state and local police The bill `` establishes a bold , transformative vision of @ @ @ @ @ @ @ Black Caucus Chair Rep. Karen Bass , D-Calif. , at a news conference where Democrats introduced the measure .
She said Americans should not have to witness `` the slow murder of an individual by a uniformed police officer . ''
Bass added that the bill has more than 200 co-sponsors in both chambers of Congress .
The Democratic plan did not meet many activists ' demands to slash — or entirely cut — police funding .
Bass said the bill `` does not provide any new money for policing . ''
It @ @ @ @ @ @ @ the requirement to track and report use of force and the investigations by state attorneys general , according to NBC News .
It is unclear whether the bill as written — or any specific parts of it — could garner support from Republicans .
The GOP controls the Senate , while Democrats hold the House .
Senate Minority Leader Chuck Schumer said that `` in the Senate , Democrats are going to fight like hell '' to pass the legislation .
He called on Senate Majority Leader Mitch McConnell to bring the bill @ @ @ @ @ @ @ debate on it `` before July . ''
The Senate Judiciary Committee previously announced it plans to hold a hearing on police use of force .
Sen. Tim Scott , a South Carolina senator and the only black Republican in the chamber , also plans to introduce his own legislation that would include a provision requiring states that get federal money for policing to report when police shoot someone , NBC News reported .
A White House spokesman did not immediately comment on whether President Donald Trump would back the legislation .
On @ @ @ @ @ @ @ that `` the president must not stand in the way of justice . ''
When lawmakers were asked about their confidence the bill will pass , Bass said she has hope because `` there is a movement that has caught fire . ''

U.S. House Speaker Nancy Pelosi (D-CA) and Senate Minority Leader Chuck Schumer (D-NY) and House Majority Leader Steny Hoyer (D-MD) kneel with Congressional Democrats during a moment of silence to honor George Floyd, Breonna Taylor, Ahmaud Arbery and others inside Emancipation Hall after weeks of protests against racial inequality in the aftermath in Minneapolis police custody of Floyd, at the U.S. Capitol in Washington, U.S., June 8, 2020. Jonathan Ernst | Reuters
Top congressional Democrats unveiled a bill Monday to overhaul police practices as Americans gather daily to protest excessive use of force and systemic racism. Lawmakers in the House and Senate released the legislation two weeks after the death of George Floyd, the black, unarmed man who died after a Minneapolis police officer knelt on his neck for nearly nine minutes. The incident sparked nationwide furor over sustained brutality against black Americans. His death added to a string of recent killings of black men and women that has led to perhaps the biggest reckoning over racism in the U.S. in decades. The Democratic legislation would make sweeping changes designed both to deter police use of force and hold officers more accountable for abuses. The federal bill comes as changes start at the local level: most of the Minneapolis City Council on Sunday committed to disbanding and replacing the city's police force, while New York City will consider a range of law enforcement reforms. Here's some of what congressional Democrats' bill would do: Reform "qualified immunity" for officers, making it easier for people whose constitutional rights were violated to recover damages
Change the federal standard of criminal police behavior from "willful" to acting "knowingly or with reckless disregard," to address the difficulty of prosecuting officers
Start a federal registry of police misconduct and require states to report use of force to the U.S. Justice Department
Ban police use of chokeholds and carotid holds, and condition funding for state and local departments on barring the practices
Stop the use of "no-knock" search warrants in drug cases in the U.S., while also making state and local money contingent on stopping use of the warrants
Give the Justice Department subpoena power to carry out "pattern and practice" investigations into police department conduct
Provide state attorneys general with grants to carry out pattern and practice probes and create a process for independent investigations into uses of force
Require training on racial bias and implicit bias at the federal level, and condition state and local funding on offering training
Curb transfers of military-grade weapons to state and local police
Classify lynching as a federal hate crime
U.S. House Speaker Nancy Pelosi (D-CA) looks on as Congressional Black Caucus Chairwoman Representative Karen Bass (D-CA) addresses reporters during a news conference to unveil police reform and racial injustice legislation at the U.S. Capitol in Washington, U.S., June 8, 2020. Jonathan Ernst | Reuters
The bill "establishes a bold, transformative vision of policing in America," said Congressional Black Caucus Chair Rep. Karen Bass, D-Calif., at a news conference where Democrats introduced the measure. She said Americans should not have to witness "the slow murder of an individual by a uniformed police officer." Bass added that the bill has more than 200 co-sponsors in both chambers of Congress. The Democratic plan did not meet many activists' demands to slash — or entirely cut — police funding. Bass said the bill "does not provide any new money for policing." It does offer funds for two components: the requirement to track and report use of force and the investigations by state attorneys general, according to NBC News. It is unclear whether the bill as written — or any specific parts of it — could garner support from Republicans. The GOP controls the Senate, while Democrats hold the House. Senate Minority Leader Chuck Schumer said that "in the Senate, Democrats are going to fight like hell" to pass the legislation. He called on Senate Majority Leader Mitch McConnell to bring the bill to the Senate floor and hold a debate on it "before July."
U.S. House Speaker Nancy Pelosi (D-CA) stands with Congressional Democrats as she addresses a news conference to unveil legislation to combat police violence and racial injustice after weeks of protests against racial inequality in the aftermath in Minneapolis police custody of George Floyd, at the U.S. Capitol in Washington, U.S., June 8, 2020. Jonathan Ernst | Reuters
The Senate Judiciary Committee previously announced it plans to hold a hearing on police use of force. Sen. Tim Scott, a South Carolina senator and the only black Republican in the chamber, also plans to introduce his own legislation that would include a provision requiring states that get federal money for policing to report when police shoot someone, NBC News reported. A White House spokesman did not immediately comment on whether President Donald Trump would back the legislation. On Monday, House Speaker Nancy Pelosi said that "the president must not stand in the way of justice." When lawmakers were asked about their confidence the bill will pass, Bass said she has hope because "there is a movement that has caught fire." Subscribe to CNBC on YouTube.


cnbc--2020-06-08--Kamala Harris fundraising event for Joe Biden set to raise over $2 million with VP spot up for grabs

Democratic presidential hopefuls former Vice President Joe Biden ( L ) and US Senator from California Kamala Harris greet each other ahead of the second round of the second Democratic primary debate of the 2020 presidential campaign season hosted by CNN at the Fox Theatre in Detroit , Michigan on July 31 , 2019 .
A virtual fundraiser featuring Sen. Kamala Harris has already raised more than $ 2 million for Joe Biden 's campaign as he considers whom to pick as his vice presidential running mate .
The event , scheduled to take place Tuesday , cleared the fundraising @ @ @ @ @ @ @ supposed to take place , according to people with direct knowledge of the matter .
These people declined to be named as the fundraising haul for Biden has yet to be made public .
Tickets for the event start at $ 500 and go up to $ 100,000 .
The funds go to the Biden Victory Fund , a joint fundraising operation with the Biden campaign and the Democratic National Committee .
Harris is one of several women considered by party leaders as a leading contender to be Biden 's pick for vice @ @ @ @ @ @ @ and her supporters highlights that her ability to successfully raise money , at small and big donor levels , could be an asset if Biden added her to his ticket .
Other potential picks for Biden include Sen. Elizabeth Warren , Rep. Val Demings and Sen. Tammy Duckworth , among others .
Harris herself recently set up a joint fundraising agreement with the DNC .
While it 's unclear how much Biden raised in either May or the early stages of June , people fundraising for him have seen a surge in contributions @ @ @ @ @ @ @ virtual event is set to rake in more than an event recently hosted by Hillary Clinton , who , according to Politico , raised $ 2 million for a Biden-DNC joint fundraising committee .
The Harris event has a goal of raising $ 2.5 million , one of the people added , and they are on track to blow past that total .
A spokesman for Biden declined to confirm the fundraising haul from the Harris event .
The timing of the Harris moneymaking event coincides with her latest efforts on speaking out @ @ @ @ @ @ @ of protests across the country following the death of George Floyd , an unarmed black man who died in the custody of Minneapolis police officers .
Harris , a former California attorney general , recently blasted Trump after he invoked Floyd 's name during a speech at the White House about recent job gains in the economy after more than 40 million lost their jobs due to the coronavirus pandemic .
She 's also one of many lawmakers in Congress who crafted a police reform bill that was unveiled on Monday .
The @ @ @ @ @ @ @ of abuses to recover damages , create a national registry of police misconduct and ban chokeholds , among other provisions .

Democratic presidential hopefuls former Vice President Joe Biden (L) and US Senator from California Kamala Harris greet each other ahead of the second round of the second Democratic primary debate of the 2020 presidential campaign season hosted by CNN at the Fox Theatre in Detroit, Michigan on July 31, 2019.
A virtual fundraiser featuring Sen. Kamala Harris has already raised more than $2 million for Joe Biden's campaign as he considers whom to pick as his vice presidential running mate.
The event, scheduled to take place Tuesday, cleared the fundraising mark the day before the gathering is supposed to take place, according to people with direct knowledge of the matter. These people declined to be named as the fundraising haul for Biden has yet to be made public.
Tickets for the event start at $500 and go up to $100,000. The funds go to the Biden Victory Fund, a joint fundraising operation with the Biden campaign and the Democratic National Committee.
Harris is one of several women considered by party leaders as a leading contender to be Biden's pick for vice president. The strong showing by Harris and her supporters highlights that her ability to successfully raise money, at small and big donor levels, could be an asset if Biden added her to his ticket. Other potential picks for Biden include Sen. Elizabeth Warren, Rep. Val Demings and Sen. Tammy Duckworth, among others.
Harris herself recently set up a joint fundraising agreement with the DNC. While it's unclear how much Biden raised in either May or the early stages of June, people fundraising for him have seen a surge in contributions and commitments in recent weeks.
The virtual event is set to rake in more than an event recently hosted by Hillary Clinton, who, according to Politico, raised $2 million for a Biden-DNC joint fundraising committee.
The Harris event has a goal of raising $2.5 million, one of the people added, and they are on track to blow past that total.
A spokesman for Biden declined to confirm the fundraising haul from the Harris event.
The timing of the Harris moneymaking event coincides with her latest efforts on speaking out against President Donald Trump in the wake of protests across the country following the death of George Floyd, an unarmed black man who died in the custody of Minneapolis police officers.
Harris, a former California attorney general, recently blasted Trump after he invoked Floyd's name during a speech at the White House about recent job gains in the economy after more than 40 million lost their jobs due to the coronavirus pandemic.
She's also one of many lawmakers in Congress who crafted a police reform bill that was unveiled on Monday.
The legislation would make it easier for victims of abuses to recover damages, create a national registry of police misconduct and ban chokeholds, among other provisions.