the dinosaurs and facebook is coming under increasing scrutiny and it's not only in the united states they've also heard joins us to discuss plus we take a longer look at privacy issues around the world with international regulatory attorney miles edwards and later host of the big picture right here in r.t. america holland joins us to talk about generation is e and tells us about their decidedly different spending habits all that straight ahead but first we had a few headlines. big four accounting firm k p m g is the first of the four to say they will abandon client work which creates conflicts of interest for the company according to k p m g executives decision is an effort to remove even the perception of a possible conflict of interest k p m g has been particularly pronounced big blip on the regulatory radar in connection to their client giant u.k. construction firm karelian which collapsed due to what members of parliament called reckless behavior made possible in part due to accounting failures k p m g s move

comes as regulators in the u.k. have been considering banning the big four from doing work both on account for accounting clients and for other clients at the same time and a large u.k. company dyson has won a big legal battle with the european union over energy efficiency labeling related to the well known vacuum cleaner company dyson was denied a certification for energy efficiency used in the e.u. but challenged the decision saying the test did not represent real world energy use of vacuum cleaners the earlier decision to not allow dyson to the certification gave an advantage to dyson's competitors the testing issue senator around the efficiency ratings of vacuum cleaners when the device was empty but when measured with substances in the vacuum cleaner performance in energy efficiency can be doubled the e.u. general court's ruling notifies the previous decision in favor of dyson the company said it was a victory not only. for them for thirty you consider. sticking with the e.u.

regulators there have been asked to investigate data brokers credit rating agencies and some companies related to violations of data protection rules the complaint was sent from privacy international that's a not for profit based in london which seeks to protect privacy rights for consumers around the globe they sent a letter to french british and irish regulators and specifically requested the regulators examine oracle the software company credit reiji rating firms experian and equifax and data broker companies axion criterial quantcast and tadpole case complaint from privacy international is the company's lack they lack legal authority to buy or sell the data of online consumers ali chandler legal officer privacy international said part of the company's business models are about fundamentally exploiting data and they therefore clash with many of the provisions of the e.u. as new general data protection rules. and

now we move to cars and we have a car coach with us or a self lauren fix lawrence thank you for being with us you know consumer confidence is still high but these interest rates start increasing and some buyers car buyers that is appear to be moving to used cars or even light trucks what do you make of these october numbers lauren. actually the october numbers have been much higher than expected a lot of analysts said that all it's going to be totally down and we're not going to sell as many cars in as many light trucks but what ends up happening was car sales actually bounced by one percent so it's been an average of thirty percent i mean i have to be a genius to know that s.u.v.s and trucks have really taken over the marketplace but thirty one percent of october sales were cars when analysts had expected it to drop to twenty percent but what i would that be well you would think it's incentives but

actually incentives are down also i think the strong economy has caused people to think you know what i've been keeping this car twelve to fourteen years which is the average used car on the road they're deciding it's time to trade that in so they're putting a flood the used car market which you'll probably see reflected in one sales and you'll watch a drop of incentives which is kind of interesting it's about thirty seven hundred dollars a car an average member you've got some real expensive cars and some not so expensive cars so that's an interesting thing so that all that brings on the sars which is the expected annual sales to be at seventeen million so seventeen point five nine which is a record high especially for twenty team when they were expecting it to actually turn the other direction new cars mean people buy insurance they buy all those things that go with it and so that helps the economy grow overall because half of the dow jones is automotive based stocks while half i look at this half all the time and i never caught that one let me ask you lauren on interest rates if they're not really putting a crimp in buyers that this point is there or is there

a point where they will be look at the fed going to probably increase interest rates by another quarter percent in december does that matter that much now given all these incentives you talk about or you think think the market will continue to be strong going forward to next year i think the market will be strong from auto sales through the end of the year i don't believe that a quarter percent is going to impact someone from buying a vehicle if it's you know three percent or three and a quarter. because they have you also got options whether you'd like to have cash back or there's sometimes a loyalty discount so if you stick with that same brand especially more expensive vehicle you'll get at least up to twenty five hundred dollar discount or there's a conquest you went from her savings to b.m.w. or you went from audi to lincoln there's definitely a discount you'll note that the top sellers out there that have had consistent growth in sales are ferrari and subaru of some of the brands is also a lamborghini so those are really expensive cars at least for are in lamborghini and who's buying those cars people that have cash flow those who are ones that are

doing well in this economy which are business owners lawyers doctors people that are you know investing wisely shelly say yeah you know you and i spoke offline and we always talk about interesting things on the air and on what we look at all the different models you raise this book by cadillac service which looks like you think maybe it's curtailed tell us about that cadillac has a subscription service called book you subscribe to it you make a monthly payment and maybe you don't own a car on a regular basis but you can use an escalate if you want of a big family going somewhere or you just want to use the x t for c.t.s. if you're going out to dinner well they just put a stop to the service right now they're saying it's going to come back but the only reason you would end a service like that is if it needed a full revamp so i find that interesting in subscription services where a lot of people think especially tech people think the trend is no one's going to own vehicles they're all going to be honest and they're all going to be hybrid it

looks like people actually do want to buy vehicles that actually do want to drive and the cost of gasoline hasn't gone through the roof so it's causing people to think about new vehicles and subscriptions in general are can be very expensive that includes an all in package you get all the insurance all the maintenance the cost of the car all you have to do is make the payment and fill it up with fuel very interesting too and on prices you know prices for gasoline have not been this low since april why a less than. two dollars and eighty cents a gallon in the u.s. so that will continue lauren we sure appreciate you being with us always so much interesting stuff and more and more complicated as things go for we appreciate you helping us weave your way through it and weave our way through it lauren fix the car coach thanks lauren. thanks bart. and it's time now to concern you our conversation on technology we love talking technology and we love nothing more than sharing that conversation with conservative commentator steve malzberg welcome

steve to be here for so we want to talk about facebook today facebook has been in the news a lot lately of course are always in the news and recently not in a good way but now they're in some hot water overseas what do we know they are ok mark zuckerberg of facebook feeling the heat and once again at the international community specifically five countries want him to attend an international conference and talk about hate speech privacy issues and the usual crimes at the international community and other everybody thinks that they're committing. said no the countries involved are the u.k. ireland canada australia and argentina now earlier the u.k. had just invited him separately to come before their parliament and discuss these issues and he said no so you know zuckerberg is digging in deeper and deeper here they're feeling he's not cooperating by refusing to show up to this conference later in the month now the e.u. in april as we know and we've talked about past regulations on not only facebook but on social media companies when it comes to privacy that's their main concern

privacy people's data being shared so now if you want to share your data you have to get permission otherwise they should can theoretically share your data and if you're sharing it you want to take it back and say no more they have to stop it immediately or face a fine how that's working out i'm not too sure facebook has recently find a half a million a five hundred thousand pounds the maximum fine by the u.k. for violating that one other thing internationally the united nations of all people said that facebook was not doing a good job policing hate speech online so facebook agreed to fund an international study to look into that and what was found was for instance in the country of my ad mark. they found that they allowed hate speech online to go unchecked which led to violence all fly in where a minority group was targeted in that country so that's how you know i don't know i

almost feel sorry for facebook in a sense because how could you police all this speech on line but nonetheless the international community not happy with facebook is going to when you were saying this i was like well it's a brave new world but it's really a scary new world is that has to mean you don't know how these things are going to impact and we talked about in the u.s. about whether or not president trump is encouraging folks to violence i mean not that he's doing it personally but whether or not that happens and. hollande talks about generations z. and how those folks there look at it and looking at influencers maybe steve malzberg or somebody else don't say anything bad don't occur to you are violent i know i know you wouldn't but it was october did not have a good time testifying he what did testify in the e.u. and the u.k. earlier in the year in the u.s. think it's going to be brought back in the u.s. or anywhere else well you know the new congress we talked about that how that might affect will they go after will they pass regulations on facebook and other social

media companies i think you have the democrats in the congress in the house they have a bill of rights an internet bill of rights that might be presented but even if it passes the conservative republican senate i think they're going to try to go in a different direction they want to put there is a proposal by marsha blackburn who was in the house she's now the new senator from tennessee republican she wants to put the social media companies under the same regulations when it comes to privacy as the telecom companies so that's one avenue but it's could be hard for them to agree the house senate hopefully they could agree on something that will make a difference i think they're going to do it somehow i mean all these issues are tough but if republicans or democrats are looking to get something done this doesn't cost anything. everybody supports some sort of privacy when people are getting their data and it might be you know sort of a lower hanging fruit it's still high to get. brainer but when you go and it comes to politics if it seems like

a no brainer probably it's not going to hit you were telling me before the program we've got there's a little bit of time i mean plenty time to talk about it but about something interesting and all and turned me on to this term called showcasing or show rooming showrooming and you're talking about these pop up store to facebook as yeah i was amazed brick and mortar facebook you're going to go into a macy's there are nine macy's around the country just in time for the holidays by the way in cities like new york city los angeles san francisco seattle atlanta fort lauderdale and facebook is going to have a store in there and they're going to be selling small digital native brands that you've seen on facebook and instagram for one has called two blind brothers they make extra soft clothing and they donate a good portion of the profits to charity so it could be a limited amount of products but it's going to be really interesting if you happen to wander into a macy's and find this facebook display and see how long it lasts and how successful it is very interesting steve malzberg target of calmness so great to be

with you in person but yes yes. we're going to squeeze in a brief pause for the promotional cause and since today is better today in the united states we have no u.s. market numbers marketers closed that said we have our flag unfurled for american veterans and we salute all of you and we'll be back in a flash but hang here because when we return international regulatory authority miles edwards is back to look at privacy around the world including that neat new g.d.p. art school that we talked about earlier and what the future may hold related to privacy plus holland cook host of the big picture right here in our here america is in the house and he'll tell us about generations see and their decidedly different spending habits see on the other side we'll be right back.

so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race. spearing dramatic development the only i'm going to exist i don't see how that strategy will be successful very critical time time to sit down and talk. it's hard to imagine decades after the war a nazi doctor was still active rich in the nineteen seventies criminal had as the chair of its board a man convicted of mass murder and slavery at auschwitz a german company develops a little mite a drug that was promoted as completely safe even during pregnancy it turned out to have terrible side effects what has happened to my baby is anything but. you know she said is just cut short arms minix

a little mind victims i have to this day received no compensation they never apologized for the suffering that i did not only want the money i want the revenge . seemed wrong. just don't call. me. yet to shape out this day comes after. engagement equals betrayal. when so many find themselves worlds apart. to look for common ground. global privacy round up with international regulatory attorney miles edwards miles

welcome back thank you so much bart for having me so this is great because we were together the other day and personally we have united now more so i'm curious about something that we before we get to the privacy roundup last time you talked about net neutrality was focused on the u.s. so tell us about net neutrality that is nondiscriminatory access to the web both in the e.u. and asia right and before we start there i just want to again describe what net neutrality is it's three things it's saying that internet broadband vidas cannot block the websites you want to go to they can not enact any sort of personal censorship to they can enact any type of economic censorship which means that regardless of the sites or the content or the amount of content you're looking at they have to charge you one three and the third thing especially in the united states is it would under net neutrality it is treated like a utility and you as

a consumer have all the rights and privileges as you would with your phone company water company and gas company and one thing that's really interesting as we know that net neutrality has basically been overruled and we're not in an environment now where net neutrality is present but two states washington and oregon have net neutrality laws on their books and what's interesting about is the f.c.c. has said that under the supremacy clause of the constitution states cannot dictate what has traditionally been within the f.c.c. purview so i think more to come they are part. thank you for that we want to get to that from left last time now let's move to sort of who are global. privacy round we were talking off the air that maybe this area at least in the u.s. because the u.s. house has now changed with going to split congress democrats are controlling that maybe there would be legislation dealing with privacy maybe cyber extra and we get

you know google and facebook up before on capitol hill it doesn't cost anything it's not like infrastructure bill so there's no what they call pay for on the hill . but tell us about privacy efforts all around the world you've. talked about g.d.p. our before on the program so give us an update so where we are with g.d.p. our is a do you know what is it again ok so it's a global data protection regulation and so what g.d.p. are says is basically a number of different things it protects your data it gives you protections that we haven't even seen here in the united states for example the right to be forgotten if someone has a website that's very defamatory you can petition you can get that information off the web itself it also is. not allowing artificial intelligence to make decisions about you you have the right for

a human being to actually look at your application and decide what to do so in a lot of ways this is again i think we always talk about philosophies not only philosophies between republicans and democrats and obama and trump there's really a loss of there's there's there's philosophies and there's differences in philosophies between the united states and europe so our philosophy in the united states is that we do not like net neutrality we want almost like a laissez faire open market on regulated internet now in europe and in asia complete opposite in fact most countries will talk about the european union and both south america adding that in your. up in asia are primarily for net net neutrality so in the european union they've rolled up net neutrality into g.d.p. are so for the most part they're not going to allow highest peak providers to block

you now there is some flexibility between jurisdictions because in the union itself states may make their separate regulations as long as that doesn't conflict with what the european union is doing and it's not going to weaken it so in some respects there is some differences in the rates that they charge individuals but not dramatically as we're going to start to see here in the united states you know when you said you know our view in the u.s. is that we shouldn't have net neutrality essentially i just cringe because it's the government's position according to the three to vote by the federal communications commission it's not like they polled americans that you know i mean i support that neutrality i like what the obama admin i can't believe it and i know what rural areas are like in the us and if people can't sell homes in rural areas the u.s.

because they don't have access to internet and just think about the philosophy what happens if there was a net neutrality for your phone so they would say to you bart i know there are certain people you can't call or certain people who can't call you and if you're calling a certain person calling someone in new york it's going to be five times higher than if you called someone in omaha so it would take that philosophy it really doesn't work and i don't believe it works or will work very well with the internet and you think about it makes me think of the old school phones miles i mean you know you could always call even when they you didn't have you know long distance service even if you party line where you switched but the line you could always get the police and the ambulance it was a utility it was that part. it was required even though it was all in the company's rand ran it. belak such as you still were able to make emergency calls well in today's world the internet serves that function there is that

a basic there thank you so much for this global privacy roundup we sure appreciate it miles edwards international regulatory attorney thank you miles thank you part. last year millennial spending power surpassed pay me boomers next year for the first time ever there will be more americans over sixty years of age than under eighteen but those under eighteen's are on track to become the biggest consumer generation by twenty twenty by some estimates the so-called generation z. is already spending north of one hundred billion with a big dollars a year resident tech holland cook joins us to talk about how they're spending it holland thank you for being here we sure appreciate it is always a give us the latest they're spending it on the phone because think about people aged thirteen to eighteen they have never known that modem screech we used to plug

the phone into the computer dial up ale well at fourteen four k. these kids grew up with high speed wireless internet smartphones social networking and if the figures stuns me we have research from the center for generational kinetics ninety five percent of eighteen of thirteen to eighteen own a smartphone. fifty nine percent i phone users half use the phone five hours a day think about that and twenty six percent use the phone ten hours a day generations of females more than males so there. shopping where they're doing everything else on the phone i got it makes me think of a story we did last week about ten cent the video game folks that say they're going to limit gaming to an hour if you're under twelve and to two hours if you're

thirteen to eighteen i mean five hours on the phone i mean and these are going to be adults pretty soon so i guess you can't put restrictions on airing at it crazy now you and i were speaking earlier about a phrase that i had not heard before showrooming which i guess means you can go to a brick and mortar store and touch and feel things and apple has stores but where are these gens effects where they shopping online are they showing it this is the bane of the brick and mortar retailers where you go play with the object and then while you are in the store you buy it from somebody else on your phone i've done this i must confess and a lot of these kids might be doing that but that's the last stop on their shopping track because they talk to each other and they are cognizant of what we call the influencers their most trusted ad medium believe it or not and again this is according to the center for generational kinetics their most trusted ad platform is

you tube these are children of the social media generation eighty eight percent read at least three reviews before purchasing and again it's generational we grew up with movie critics consumer reports now we trust total strangers more than the so-called authorities because the world has gone wiki everybody's posting reviews for what they've used and influencers are influential forty six percent of jen's inas follow ten or more influence and also play in there probably following you or you know they're not all rock stars they're not all athletes although they are influencers as well which is why product placement is so lucrative for them. and these gen z. females especially prone to recommendations from the beautiful people thank you hala i want to ask you one question coming up later in the week you're going to tell us about some of the new gadgets out for christmas can you give us

any preview i know you haven't looked at them all yet but but this is the time of year when we start thinking about it i'm already packing for the massive mind boggling consumer electronics show in vegas right after the first of the year it's a bizarre that is bizarre and each year about this time they released their proprietary research on holiday gift giving and they nail it year after year they know what will be in santa sleigh batteries not included and they have some data on tech trends as well so we're going to come back and give your boom busters a preview of what will be under the tree programming note there holland cook host of the big picture and tech buff thank you holland your dumb ass. that's it for this time thanks for being on board you can always catch us at youtube dot com slash boom bust r.t. so long for now.

join me every thursday on the alec simon show and i'll be speaking to guests of the world of politics small business i'm show business i'll see that. what politicians to do something to. put themselves on the line they did accept the reject. so when you want to be president. some want to. have to go right for us this is what the korean people. i'm interested always in the waters in the. first ship. that all russia gave hoax never got any traction as then no prob but it's great

troll bay and i think trump is pleased that he got increased seats in the senate and he'll get barking mad nancy pelosi hitting the russia gate button every single day which will drive ratings for rachel maddow out but it will do nothing to help them win twenty top. suitable to sleep while. my little course on the syria. rolls going to say the board of business with the most into it will. this is. not a slow slow slow slow slow motion i am. ok

see that because the way that nobody else to look at the model your body has to flow is to move the show such as the flute solos will. do what you must. do.