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

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