A federal judge rejected the Federal Trade Commission’s effort to block Microsoft’s acquisition of Activision Blizzard, another blow to chair Lina Khan’s agenda for the regulator. House Judiciary Committee Chair Rep. Jim Jordan (R-Ohio) shares his concerns about the agency’s efforts and discusses the questions he’ll be asking Khan when she sits before the committee today. Plus, recent economic and jobs data suggest a slowing labor market and cooling inflation, Pepsi and Delta are kicking off this earnings season, and Barbie has taken over. CNBC’s Courtney Reagan reports on the massive merchandising movement accompanying the Barbie movie’s release.In this episode:Joe Kernen, @JoeSquawkKelly Evans, @KellyCNBCCourtney Reagan, @CourtReaganKlaire Odumody, @klairemarie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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