Biden warns of 'ultra-wealthy' 'oligarchy' after Big Tech CEOs warm to Trump

President Biden delivers his farewell address to the nation from the White House. President Biden warned in his farewell speech of an "ultra-wealthy" "oligarchy" posing a threat to America as big tech CEOS have been warming up to President-elect Trump in recent months. Biden spoke Wednesday as reports emerged this week that Elon Musk, Jeff Bezos and Mark Zuckerberg – the three most wealthy people in the world who collectively are worth more than 850 billion, according to Forbes – will be seated next to Trump's cabinet picks and elected officials next Monday at his inauguration. "I have no doubt that America is in a position to continue to succeed. That's why in my farewell address tonight, I want to warn the country of some things that give me great concern. And the dangerous consequences if their abuse of power is left unchecked," Biden said from the Oval Office.