Non Competes & A Stalemate for Speaker 1/6/23

The Federal Trade Commission has proposed a rule to eliminate employee non compete clauses in contracts, claiming the practice stifles innovation and entrepreneurship. In a rare interview, FTC Chair Lina Khan explains the proposal, the economics, and the workers that stand to benefit. As the Republican congressional stalemate continues, Rep. Kevin McCarthy (R-CA) stands resolute in his pitch for Speaker of the House. Plus, Bed Bath & Beyond’s stock may be beyond help, and it’s another Squawk celebration: happy birthday, Joe Kernen! In this episode: Lina Khan, @linakhanFTC Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie