Yahoo Finance executive editor Brian Sozzi welcomes US Secretary of Transportation Pete Buttigieg on Market Domination to discuss the Biden administration's new consumer protections for airlines customers, also weighing in on Boeing's (BA) CEO changeup.

Buttigieg addresses the Department of Transportation's new rule targeting airline "junk fees," calling the practice of charging parents to sit next to their children "troubling" in "terms of severity." The rule aims to eliminate such fees across the airline industry. He notes that customers appreciate these consumer protections, suggesting they "build confidence in that sector instead of passengers being so frustrated all the time."

Boeing has picked Robert Kelly Ortberg to succeed Dave Calhoun as CEO starting in August following major safety concerns and federal investigations this year. "We'll be watching that leadership change closely," Buttigieg says.

"I want to know what steps he thinks can be taken and what he is committed to leading in order to make sure that Boeing puts safety and quality first," he tells Yahoo Finance.

Turning to the election, Buttigieg praises the Biden administration's economic approach. He argues that the administration has proven it's possible to be "pro-consumer" and "pro-little guy" while still being pro-business. He notes that while they fight for labor protections, "companies are doing great" and "everyone has been better off."

"These things can go hand in hand," he tells Yahoo Finance, emphasizing the administration's balanced approach to economic policy.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Angel Smith