fighting for resources and talent against it like google microsoft facebook not only in brazil or from overseas. societies educational tools are used throughout brazil he hopes to offer his software in neighboring argentina next. and argentina is caught up in the midst of a crippling general strike those strikers are frustrated at the government's plan to call on the help of the international monetary fund the i.m.f. has provided argentina access to fifty billion dollars in funds should they need it but the citizens are having none of it. deserted airports not a single traveler waiting at the check in desks and bus stations that seem abandoned it's not because argentinians are sitting in front of their t.v. sets watching the world cup it's because argentina is in the midst of a massive general strike. even schools hospitals are closed for twenty four hours the powerful union called for the strike and thousands of demonstrators filled the streets of. calling for wage negotiations with no upper limit the administration of . wage increases kept at fifteen percent despite an annual inflati

fighting for resources and talent against what google microsoft facebook not only in brazil or from overseas. societies educational tools are used throughout brazil he hopes to offer his software in neighboring argentina next. i'd say you're up today with the latest from the world of business for more head to our web site d w dot com slash business find us on facebook and on twitter on there as well at helena see humphrey is my handle before you go here's a quick check on the big global market stuff i. want . to. try to. get. the for. being vetoed reggae sensation from germany. twenty eight korea was the top. over a million records sold worldwide made. the fifteen gently . germany's number wrong correct. me to move and its impact on young kids. used noble media for a full contribution mentions against room three come to discuss conditions will female politicians and changing tone structure as well one. my instructions need to come female culture today. in sixty minutes to me. european stocks to let those who performs a. lower live concert every weekend play look good in concert. to. be. up t

fighting for resources and talent against it like google microsoft facebook not only in brazil from overseas says that he is angry about all the poverty he sees every day in brazil latin america's largest country is actually rich in resources but they are equally distributed poverty equals poor education equals a lack of opportunities for many brazilians that's reality we're never going to be able to be competitive as a country. if we don't educate our people to. i have the skills that they need to be able to be more productive to be more efficient in whatever work they do. so sakhi is learning programs are now being used across brazil the next step he says is to expand into argentina. and that's old for global street thousands we're back again next week. and in the meantime send us your feedback means nothing to me from. mike to us at global three thousand it d.w. dot com and check out our facebook page label society by find out. when. will the north korea u.s. summit happen. true saudis will have to overcome decades of hostility. stoked by an unpredictable u.s. . one policy and a family of

fighting for resources and talent against a great google microsoft facebook not only in brazil or from overseas. societies educational tools they use throughout brazil he hopes to all through his software in neighboring kenya next. and now you're up to date on the brazilian education system was back to la and bad news for facebook fans there are more bad fears for his record because if you like using the facebook message or app your user experience might soon go a lot more annoying and they share for our social media desk has more on that to hide list get to syria ads on facebook that's nothing new so what will be different from now on. yeah ads are definitely nothing new for us facebook users they are all over whether you log on on a computer or on your mobile device and the facebook is actually generating ninety nine percent of its revenue from these ads that is why we see them every time everywhere and facebook now is saying that it is running out of space to show us these ads and that is why it is turning to its messenger app and starting a from today it will roll out video ads on

fighting for resources and talent against a great google microsoft facebook not only in brazil or from overseas. societies educational tools are used throughout brazil he hopes to offer his software in neighboring argentina next. inequality to a divisive developments a facebook censor that's right been if you like the facebook messenger you use experience might soon get a lot more annoying elisabeth shue from a social media disk has a story and she joins me now hi liz wonderful to see you know ads on facebook that's nothing new so what will be different from now on. facebook gets a ninety nine percent of its revenue from ads and that is why every time you log on to facebook you have these things everywhere they are on the news feeds doesn't matter whether using the app or you're logging on on your computer now facebook says it is running out of places to show these ads and that is why it is turning to facebook messenger to the app and it now wants to run video ads on the messenger app and remember there are one point three billion people worldwide who use this app so there's a really l

facebook and google. european regulators, and microsoft found this out about 15 years ago european regulators have always en tougher and dropped the hammer more than the u.s. counterports facebook and google under juteny do you think the regulatory environment and the scrutiny we're seeing more here will seep into the united states and ultimately maybe hurt facebook and google >> without question. the u.s. will have no option many companies have broken the law and been ignored now the europeans are coming down hard on gdpr. >> are they breaking the law in europe >> many people are saying the eu is ahead on data privacy, that gdpr once ridiculed is exactly the way to go. >> i think as a user, i've been bombarded with a lot of these e-mails about opting out, on facebook, the privacy concerns i don't know the impact yet. i opted out of a lot of these services it would be interesting to see if many consumers will follow suit and whether the eu says you can't take this cherry picking approach >> i like your point, arjun. you make the point which is this all the negative headlines, do you believe, have you seen

. >>> a new report claims facebook shared user information with other companies including google, microsoft, samsung and apple. facebook said the deals allowed the device makers to offer customers fopular features on the social -- popular features on the social network and some device makers obtained information not just from users but their friends who had never agreed to data sharing. facebook told the times the sharing fell under approved privacy policies. >>> arguing with a co working can be productive and help employees be more creative. conflict makes ideas better. it says it is important to determine the styles of your coworkers to work through a problem. the book says the key is that there are four tys of workers, big workers and workers with talent and workers who connect people. >>> researchers now say some women being treated for the most common form of breast cancer may not need chemo. all were in the early stages of cancer and were identified with a genetic risk of the cancer returning. all the patients were at intermediate risk then had the surgery and half of the women receiv

highest value tech companies slightly over two trillion, today if you look at apple amazon google microsoft facebookt amount, almost four trillion dollars, is that an indication of the overvaluation in these stocks. >> overall technical evaluation doesn't look expensive a lot of companies you mentioned don't look expensive for us tech is much more than a thing we made that a shift this year away from the things towards some smaller areas mr. artificial intelligence, cloud xrug about electric vehicles autonomous driving chips as well enterprise companies managers up 20% year to update out per forge techs by a lot for this he important you should own several need to think about tech much more diverse way. >> i don't think we are saturated with content. what is going to happen is reduction in productivity, when we with measured keystrokes found equivalent 3, 400 full-time equivalent hours being spent on line at desks looking at content shopping whatever, so i think we have to be careful that content will start to drive negative productivity. >> the way people consume are not watching of it consuming on

thinkg problem i see is i why do well in these companies like microsoft and google and facebook, why are they so powerful? it is because we have made them so powerful. simple.at without the privacy we have given up on a voluntary basis and we have given up on a basically they would not be able to create and establish and analyze all of these profiles they are able to take advantage from. >> thank you. i'm ruth holder. been in telecommunications law since before the passage of telecommunications act. one of the provisions of that was strict cn pi. when mr. rosen was speaking about the cell phone thief who weeksacked for five through verizon, and someone else talked about the snowden revelations which in my understanding was something like this giant data room where everything went across at&t and verizon networks was being listened to and it was all supposedly the government was going to decide what they could or could not use. i'm wondering why those things were not protected against the prohibition. lawyer on that. revelation, one set of them and there were others, i think people no

google is headquartered is also considering a similar tax. >>> facebook is pushing back against a report in the new york times that it provided information about its users to other companies, including google, microsoft, samsung and apple. facebook says the deals allowed customers popular features on facebook, including messaging, address books and like buttons. the times says some of the companies were able to get information not just from users, but also from their friends, who never agreed to datasharing. facebook says the datasharing fell under approved privacy policies and they did not know about any abuse. >>> he is legendary for transforming a small chain of coffee stores into an international brand. the man behind starbucks is retiring. we will tell you what he plans to do next. to california schoolsd, need big change. marshall tuck is the only candidate for state ntendent who's done it before. less bureaucracy, more classroom funding. marshall tuck for state superintendent. marshall tuck. ♪ ♪ legendary jockey vÍctor espinoza is insatiable when it comes to competing. ♪ ♪ so is his horse. ♪ ♪ when it comes to snacking. ♪ ♪ ♪ ♪ that's why he uses the chase mobile app, to pay practically anyone,

. >>> today report says facebook shared user information was several companies including google, microsoft, samsung and apple. facebook reached deals with those companies over the past 10 years. facebook says the deals allowed device makers to offer customers popular features on facebook, including messaging, address books and like buttons. the times report says some companies were able to get information not just from users, but also their friends, who never agree to data sharing. facebook told the new york times the datasharing fell under approved privacy policies , as well as its agreements with users. >>> if you are flying american airlines, you could soon pay more for your tickets. they are warning passengers it could raise ticket prices because of the cost of royal -- of oil spiking 50% over the last year. they say if oil prices stay high, they will have no choice but to raise ticket prices. analysts say they don't expected to get to that point. this morning, oil prices are down a bit. cement microso is purchasing a $7.5 billion deal just announced this morning. it is popular tool fo

microsoft. it is a nice positioning as a company. does that mean that apple is doing fine, they don't need any help and they sell luxury goods. they are at war. facebook, amazon, googleosoft, it is a galactic battle going on. emily: author of frienemies. one startup is getting serious about cleaning up waste and trash and the pacific ocean. it is getting the attention of executives. this is bloomberg. ♪ the two leaders meet what -- emily: it seems like an impossible task collecting the trillions of pieces of trash floating in the pacific ocean. the collection system, a black tube as big as a football field is setting sail for the great pacific garbage patch this year. thank you for joining us. you are assembling this across the bay in alameda. you are setting sail in september for the garbage patch. >> in the past people proposed to clean this up with nets that would go out and fish for plastic. the thing is, the ocean is so vast that if you were to do this it would take 80,000 years. what we do is develop a passive system. nature can do the hard work for us. we can concentrate the plastic before we take it out, then we see that if we were to deploy 60 of the systems

google, facebook, uber, microsoft getting hit by this.will have a ripple effect on users across the country. these changes are likely going to need to be rolled out companywide. they're not going to make these strictly -- these standards apply to just california users. because of that reason, google is speaking out against it saying this law has massive implications and has sweeping changes on thousands of business as cross every industry. you have the internet association that represents companies like e-bay, uber, paypal, speaking out about this saying data regulation policy is complex. it impacts every sector of the company including every internet facility. that makes the process around this more concerning. facebook is an interesting one. they're on the other side of some of their friends in silicon valley. i was on a call with facebook's ceo, sheryl sanberg yesterday. she spoke out in support of the law because facebook already made the changes. >> trace: if i'm google or facebook, how long does it take? >> in 2020. the key thing he

and that not only the government or the specialized agencies -- our problems, but also microsoft, google, and facebook. [indiscernible] [applause] when i talked earlier about seeing the progression of privacy through the years, one thing that has challenged companies through the years is how to make it transparent to users about what they are doing with their data, how it is being used. and we have gone from -- i have seen this at my company and and likely others -- we have gone from -- you start to read through the policies and you get to the 45th page and the engineers who wrote it, have to explain what they are doing and it begins becoming this legal gobbledygook. which some people appreciate and you want to be very precise about what is going on and being very descriptive but how do you , turn that into something very understandable for the average user? one example is if my grandmother could not understand this, we have to go back to the drawing board. companies have worked through the years with the ftc on how to be helpful on guidance on how to explain to users and a -- in a simplistic way what

. >>> there is a new report that facebook shared user information with a wide range of other companies including google, microsoft, samsung and apple. the new york times reports facebook reached deals with those companies during the last 10 years. facebook says the deals allow device makers customer -- to offer customs popular apps. the new york times report says some of the companies were able to obtain information not just from users, but from their friends, who had never agreed to data sharing. facebook told the newspaper they followed approved policy and user agreement. >>> it is a big day for apple today. some new software updates are expected to be announced and plans for the future are being made at the annual developers count -- conference in san jose. starting at 10 am, it will attract people from all over the world. apple ceo tim cook will deliver the keynote address. >> we wait all year for this. it is like christmas for us. we will see what is in store for the next few months until it releases. >> apple is expected to unveil new tools, including to reduce of time spent on iphones. there were also repo

to go positive on the s&p is tech stocks, those big cap technology stocks, your adobe, microsoft, google, facebookgative at the open and all positive now here in the middle of the day another help, energy stocks, oil was down big right at the open but turned around, lowest levels since april for oil. but look at this some of the oil and gas exploration and production is up natural gas up 2.5% as well. nice move for the energy stocks today. last friday, consumer staples had a very big day they were heavily oversold and people said, we're getting rotation into consumer staples that's not playing out i wouldn't look for that to be a market leader any time soon. elsewhere, emerging markets, tough time that dollar strength still is a big issue today. south africa, brazil, and the eem, which is the overall emarginaling market etf all down 1% to almost % maybe also there's a little bit of a time issue as well. cyclical issue here. the week after the quadruple witching, which was on friday that we had, usually is down in fact, it's down 24 of the last 28 years. thanks to my friends at stock trader almanac

you think whether microsoft time bun link leverage, i asked this of the last panel, working with the tools if you had to rank what the europeans refer to as gafa, google, amusan, facebook, apple, who is the most exposed on microsoft theories today, who is most exposed if you were in charge of making these decisions and prioritizing them according to rank, which would you put first, second, so on. >> that's too hard. i can't answer that one. i mean, partly in order to answer that well, you would like to have a lot of confidential information. you would like to have more information about contracts between these platforms and their users and suppliers. both sides of the market or all sides of the market. and you'd like to noah little bit more about the nature of the competition between say facebook and instagram before the merger is approved. so i think it's hard for us as citizens standing outside and looking at these firms to know where the best anti-trust theories of harm might be located because we are not going to it be able to see the most relevant facts. and you want this to be a very robust and fact based inquiry. one of the reasons that microsoft was so influent

microsoft could have blocked from the market but didn't. and i don't just mean netscape and sun. i'm talking about companies like google and amazon and facebook. you see, if you go back 13 or 14 years ago, after microsoft had run netscape out of the market, this was before smartphones. so, the only way you could get to google was to go on the microsoft browser and type dub, dub, dub, dot google.com. but if you did that, there was no reason microsoft had to send you to google. they could have just put up a big, red warning screen that says don't go to this site, it's an unsafe site, it will take your personal information without telling you. and i used to carry around a set of powerpoints with a mock-up of that kind of screen using the actual microsoft blocking warning. microsoft could have done that. if they had done it, they would have killed google in the cradle, but they didn't do it. why didn't they do it? well, i've been telling people one key reason was because of the fear of additional antitrust enforcement. and about a month ago, a journalist for "the new york times" got interested enough in this to go talk to former microsoft employe

a report says facebook shared user information with a wide range of other companies including google, microsoft, samsung and apple. the "new york times" report reached deals in the last 10 years with those companies. facebook says the deals allowed popular features on the social networking including messaging and like buttons but the report says the companies were able to obtain information from your facebook friends as well. facebook told the times it falls under approved policy agreements and policy with users. >>> medicare recipients are filling fewer prescriptions but they are spending more as the price of medications continues to rise. researchers blame rising manufacturer prices for squeezing older people and taxpayers in particular. the report emphasized the most persistent problems for medicare beneficiaries is the high cost of medications for common chronic conditions like diabetes. hiesfor brannameket costs were insulin, cholesterol drugs and asthma inhalers. it's a big problem because medi- cal costs, medicare costs, goes number one reason for bankruptcy in the u.s. the generic don't

depot and amge i inealth care and then many of the tech names like microsoft and inteli and at these levels, even google and facebook, though we've t beenmming those stocks, are not overly expensive. i've heard many argue that valuation doesn't matter and that you should buy what's working. that's absolutely not what i believe. valuation, cheaper stocks that are growing andon have s balance sheets are much better for the long-term. for sharing so much your advice with us, nancy. you.to hear from >> thank you. >> nancy with heartland financial. >>> meantime, trade tensions are an going back drop for the market, as nancy just mentioned. today theuropean union began enforcing their own tariffs on nearly $3.5 billion of american imports. kayla breaks it down for us. >> reporter: tariffs on steel and aluminum went into effect three weeks ago, but today europe is striking back slapping stair every tear ofs on bourbon, peanut butter, motorcycles and play tg cards. thal is just $3.2 billion in u.s. exports, but it comes fr politically sensitive states like kentucky, wisconsin, and florida. the e.u. commissioner for trade ce

microsoft used to lose out on these kind of deals or not even get that close to the table, to the likes of a google and eventually facebooket cetera what does it mean that it was microsoft that ended up with this instead perhaps a google or amazon >> microsoft has a different image than they did. we just interviewed brad smith at code. i think it's a very different microsoft that's focused much more on developers on building these businesses that are core to their business. what's interesting is that everybody else that's battling it out, microsoft has been stickings niche under a. he's not out in the middle of everything making a lot of noise. they're doing things that have adjacencies that make sense given whathey're focused on, which is developers. if you remember, developers, developers, developers in the windows system it's a widespread system, whether it's in ios, android or anything else and microsoft has to play there. >> while we've got you, as wilf was mentioning, facebook back in the hot seat as "new york times" was mentioning this investigation with 60 device makers, including samsung, microsoft, apple, amazon

google, facebook, amazon, apple, given your experience? think you used the word courageous. i can't remember, but what -- what is it about your enforcement of microsoft that you think that they should take away? >> well, great question. a number of factors. first of all, these kinds of lawsuits are extremely resource intensive, so my strong suggestion is that just as a matter of common sense, a state like connecticut has to make use of the resources that states like new york, california, illinois bring to this effort, and we did in that instance. iowa and connecticut are pretty small states by comparison to them, and we really work together, and it was a very bipartisan effort and maybe the second lesson to make it bipartisan. but i think that the state attorney general can have a very real effect on the department of justice. even a vigorous enforcer and joel klein was can be influenced by the willingness of states to be at the tip of the sphere and to be aggressive. even or the department of justice settled we continued and we exacted some additional conditions that would not have been there but for our efforts. they may have seemed marginal at the

facebook is pushing back against reports in the new york times that it gave information about users to other companies including google, microsoftanies. facebook says that the deal allows device makers to offer pop lace features including messaging, life touch. they get information from not just users but their friends who never agreed to data sharing t facebook says that data sharing fell under approved privacy policies and were not aware of any abuse. >>> more and more americans are post boning retirement to stay in the work force. there is an unprecedented number of baby boomers still with government jobs. americans are living longer. that allows them to continue to work 40 hours a week. they say that interest rates have been low for long time and not generating enough income for potential retirees. the trend is expected to continue in the year ahead. >> the super bowl championship philadelphia eagles will not be at the white house today. we'll tell you the president says that they are no longer welcome. around the event that the white house will hold instead. >>> voting by mail and voting in person several days before electi

apple, microsoft, amazon, facebook and google.that concentration ag maki you a little concerned about the rest of the market >> what we know is those top five names are the same volumes as the bottom 250 in the s&p and even more. growth- we have a very questionable synchronized global growth in question there are issues with banks in europe and there are currency wars so favoring things like this is what prudent investing is all about. >> of all the things, does the apple chart look the best to you? >> it does, just because of that tight, tight range that's tension when you can't move. and then you start to break out, that usually gives you a follow-through of some magnitude. >> carter, thank you thanks for breaking down that twitter chart for us. >>> still ahead, mcdonald's pushing its fast food into the future the ceo speaking to cnbc exclusively today ansomething he said has tim seymour pounding e. in thentime, here's what else is coming up on "fast." >> i like it a lot. >> investors seem to like facebook a lot, despite a data

none of the caliber of google, facebook, and microsoft, and those companies. >> coming out of siliconto go public, uber, their growth in ways are already slowing. are they companies you are eager to invest in publicly? >> i just don't know that much about them i think air b and b is successful as startup company. i'm not sure that's true -- i'll look at them when they come to bubble >> do you think they took too long to go public? >> i can't judge that. >> meaning, do you think the public's -- how quickly facebook grew since listing are people missing out on that opportunity because now they stay private for so long these days >> i love facebook, and i'm going to take a hard look at uber when it comes, and, you know, a very hard look at also the others >> what about amazon specifically >> i'm a hold out on it. i don't know it that well. >> it's not made a lot of money in the past. >> well, it took a lot of money from the shareholders. >> yeah. doing extremely well if interest rates go up, is that to the tech names and how well hay are doing? >> well, it's somewhat of a threat to the e

we about what google is doing, what facebook is doing an apple and microsoft and amazon with machine learning and artificial intelligence but not as much about how is a being incorporated into the actual networks, what does it mean for wireless coverage, what does it mean with a combination of 5g and just that explosion of data, how does that drive the conversation and industry going forward? that something that hasn't been exported that much. >> last question, we always axios point out what's new and white matters, our brains are wired, brevity, and so for why it matters for this event, , you have been leading our coverage of the change in, even since axios launched 513 days ago, and that is the new attention to the societal impacts of these platforms in addition to the economic, financial, business regulatory aspects which you and i have covered, which you have covered for so long. what's it like to lead that covered and whites the nation of axios as we have this big change in other platforms our pursuit? >> there's so much more information out there, partly driven by these platfor

do think technology still has plenty of upside and whether you're talking about microsoft or apple or facebook or google or amazon, i still think there's upside across the board in many of the names amazon does trade at a tougher p.e. though. >> jon, it doesn't have to be that complicated the areas where you think the highest growth is going to be along with all of the other factors that pete just mentioned, excusme, and joe and steph and jim. >> right well, as you know, i'm overweight tech big time if you look at my disclosures on cnbc, you have seen that for months now, i have been overweight tech. it's not always been pretty. when i have been i mean, basically the xlk peaked in march, i think, and then bled off rather severely, but the individual names within that, scott, were the ones you really wanted to focus on we're going to be talking about satya nadella and github 18% year to date microsoft, xlk, 10% year to date so when you look at that, you see the outperformance of some of these names, that's why you want to go for the stock picking rather than just the broad brush. >> so true a terrific pi

but a trade association whose members include facebook, amazon, google and microsoft tells nbc news it'sion and process surrounding what they call a far-reaching bill. >> and how did these tech t companies a public, users, how do they feel about the new regulation? >> reporter: a mixed reaction. says theof california law actually utterly fails to protectva p basically it doesn't go far enough. all eyes on silicon valley. ,the questi will they only change the way they run things for users here in california or overhaul the way their business model works nationally? >> we shall see, jo. thank you. >>> shtraight ahead, a live concert from panic at the disk oh on the plaza after your local news. the things that matter most happen one morning and one cup at a time. so, you'll be here to kyle, i got you.ou? okay... what about here? yup. here? yup. is that for us? it sure is. gimme, gimme. what about here? here too, kyle. and here sir robert from state farm? if you invite me. he said yes! hazzza! let's battle. ahh! go with the one that's here to help life go right. state farm. ♪ ♪ ♪good goes ar

phones, so we're looking for that and some dres o digital privacy which everyone including facebook, microsoft and googlest in the past few months in their developer eventss wellack to you. neil: susan li, thank you very very much let's take another look at apple stock if we can guys there's a busy game going on here how close will it be to becoming a trillion dollar company right now that figure would be 203.45 a share to get there, so we're really a little bit more than 10 or $11 from that level at which an american company thiompany would become the first trillion dollar market cap concern on the planet that would be a huge event the read from tech analyst. it just seems a matter of when, not if, but what do you make of what the company is outlining for what will be a busy five days at this conference? >> yeah, this conference is always focused more on what's on your phone, the software, the services that you get on your phone and you're going to see more of that over the next five days and things that apple really needs to stress are advancements in ai and siri, things that make its home pod more sel

in other words, the ones who will create the next facebook or the next google or even the next microsoft. when they wrote this open letter, microsoft ceo and microsoft's president both responded but this letter, more than 300 employees published internally and then in the "new york times," i want to read you part of it. very strong language. we call on microsoft tend to its relationship with i.c.e. and any federal agencies engaged in enforcing the cruel policies of this administration, which is destroying families and jailing asylum-seekers, undocumented long-term residents and naturalized citizens under the threat of deportation. if microsoft does not address, this we will simply take our projects elsewhere. so microsoft ceo and microsoft's president brad smith both responded. i'm going to read you part of the response -- many from git hub, liz, are dissatisfied with the statement. they say microsoft supplying i.c.e. with cloud services to include deep learning capabilities and accelerate facial recognition and identification since the beginning of the year. our sources say the git hub

microsoft. jason: if you're sitting down in silicon valley at google or facebook or apple, what is your reactionr on the underlying software works at google. i think a lot of them are just like ok. you saw it happening, those numbers are no longer crazy. i think it is just like it had to go somewhere, it had trouble getting a ceo. a lot of trouble about the company four years ago. it is a venture capital backed. there have to be an acquisition or. son: at some point there was going to be some kind of exit? >> exactly. i think everybody said ok. >> the founders or key executives have a stock deal. they're now becoming the biggest shareholders in microsoft. what say might they have in microsoft going forward? >> i don't know. microsoft corporate structure, i don't know. -- when you talk to people coming out of there, it doesn't feel like they are all pointing guns at each other like it used to be. who knows? github is key to it. they pulled off something to the $7.5 billion. -- thatfinitely a new part of the world is definitely running along the different principles than it was 10 years ago. it is

but a trade organization, whose members include facebook, google, amazon and microsoft, tells nbc newslic discussion and process, surrounding what they call a far-reaching bill. >> how do the tech companies and the users feel about the legislation? >> reporter: it's been a mixed reaction so far. the aclu of california says the law actually utterly fails to protect privacy. it doesn't go far enough. and now, all eyes are on silicon valley. the question is, will they only change the way they run things for users here in california? or will they overhaul the way the business model works nationally. >> thank you, jo. >>> straight ♪ ♪ the things that matter most happen one morning and one cup at a time. so, you'll be here to kyle, i got you.ou? okay... what about here? yup. here? yup. is that for us? it sure is. gimme, gimme. what about here? here too, kyle. and here sir robert from state farm? if you invite me. he said yes! hazzza! let's battle. ahh! go with the one that's here to help life go right. state farm. test. test. test. test. she told me about non-insulin victoza®. victoza® is no

microsoft. jason: if you're sitting down in silicon valley at google or facebook or apple, what is your reactionul: i think a lot of them -- the main cofler on git, the underlying software, works at google. i think a lot of them are just like ok. you saw it happening, those numbers are no longer crazy. i think it is just like it had to go somewhere, it had trouble getting a ceo. there was a lot of drama about the company four years ago. there was a harassment scandal. and also it's venture capital backed. is there has to be in a position. jason: at some point there was going to be some kind of exit? paul: exactly. they were talki to microsoft for a long time according to stakeholders, and i think everybody said, ok. carol: the key executives, it is a stock deal, so they are now becoming the biggest shareholders in microsoft. what say might they have in microsoft going forward? paul: oh, i don't know. microsoft's corporate structure, i don't know. now, it sounds like they may want everyone to talk about it at the table. it doesn't feel -- when he talk to people coming out of there it doesn't feel

we so often deal with facebook, amazon, microsoft, google but we do that because they are making all that's where all the money is pouring in. our apologies if you think were covering this too much, but that is where the money is. just look at that on the screen. all of them on the upside. there is one stock that you like and i think you own and that is iridium communications. >> i think the market will be hearing about the market much more. i don't know if you have a five day or any chart but it's made all-time highs every day this week. i think starting tuesday they've had huge news come out. they are price to book ratio is one. the price-to-book of microsoft and apple is nine or ten. anything under three, value investors love. i think this is one of the best cheap stocks on the market hands-down. >> what does it do. >> there a satellite company. they have satellites in orbit. there the only satellite company that uses spacex to launch their satellite. they are leading the global charge in satellite. they cover one 100% of the world, no other company does that and they're basically

company has a network of 500 company free users microsoft has extraordinary cloud growth twitter is getting revalued upward who want more than just facebook and google square and paypal are not f.a.n.g being going higher paypal is going international making itself popular thanks to venmo. red hat is going higher because it helps on board more traffic to the cloud same for new relic another cloud stock that won't quit that is not part of f.a.n.g. but people refuse to acknowledge it diamond back and pioneer join. there is plenty of stuff in the market that is working you don't hear about it because it doesn't fit the gloomy narrative. here is the bottom line. glum is the word it is all pervasive as investors freak out about president trump's tough trade policy and that is why we have got to have this etf you feel glum, go sell some glum trump got you down, you know what i'm saying, glum. as for me, these stocks are buys into weakness as the negativity at last as of this morning, when i put up this twitter note, anyone, tweet me something positive the negativity, it has gotten completely out of hand steve in illinois. >> caller: jim, thanks for taking

if you look at google, facebook, they've made billions of dollars in attempts to twe s to diversir profit amazon, apple, microsoftey've actually diversified their profit centers my point is that bringing in real economics where people pay for these new videos that facebook is going to give them, which i thin great if they do something like netflix, they can be part of peak tv, get better quality stuff and diversify their profit center this is good for silicon valley. >> of the ten reasons in your book, what do you think is the most persuasive? >> the two that mean the most to me are the last two. there's one about economics, which is what i've been talking about. >> understood. >> there's another one which somehow feels a little out of place here on the trading floor, which is more about spirituality about whether we all start to believe that we're part of some giant computer and there's not really a soul, there's nothing internal to you but you're this big program that will eventually be consumed. and i don't like that world view when people are participate iiin this system and they're being manipulated they're

apple, microsoft, hitting highs, record highs during the early morning session, colling off in the afternoon. facebook, google. as you see, in the past hour we had news from google. will not allow any of their artificial intelligence to be used in the military. back to you. david: thank you very much. susan, stick around. we want to bring you into the panel. bring in kevin kelly from benchmark investments. todd horowitz, the host of bubba trading. kevin, looked like off to races 200, 300 to the plus side. we came down. what happened? >> i think what happened investors reassessing risk heading into next week, give the fact federal reserve will give guidance if they will raise not only in june this month but also whether they will do a federal rate hike in september. then december. so investors are on edge about four rate hikes. i think you're seeing at that trickle into the market action today. david: todd, have we topped out just on news of the great economic growth we're having, low unemployment, et cetera? >> i think we have, david. i think the markets still have a chance. they could still go to new highs.

facebook is down. microsoft up, google up. what else do we have? apple is up. big deal.ning us now fox news dot com columnist, i elizabeth peek. welcome back to the show. >> good morning. stuart: the techs, all tear all over again, sit strong enough to carry the dow back above the january highs at 26,600? >> it certainly could. there's nothing right now to slow down the tech advance and the power of it. think about this, in may over half s&p gain was fang stocks, technology 75%. it is really moving the market. right now even though there have been obviously issues about privacy concern, new regulations in europe and so forth, nothing is really on the horizon that's going to slow the earnings growth of the companies and what also impresses me is that almost everyone one of them has a particular new line of business or something that's boosting its profitability and boosting its growth. it's not like there's static companies, single-product companies that are doing well, they are continuing to advance and my view is the gdpr, new regulations in europe, i've talked about th

of the cambridge analytical episode did facebook violate the 2011 consent decree when it gave data access to 60 partner device makers including microsoft, google and blackberry, even when many users believed that they barred this sharing as reported in the "new york times" earlier this month. >> again in my personal opinion i believe they did, particularly as i've described in my testimony that privacy settings such as platform preferences could be overridden by certain device partners. >> in light of those revelations should the federal trade commission impose penalties on facebook for providing consent decree which facebook reached with the federal trade commission? >> again, i believe the ftc has publicly said they are investigating facebook, and, you know, if i had to wager a guess i would say i'm not a lawyer so i can't specify how they will interpret the case. >> i'm not asking how you think they would come down on it. i'm asking how you would. >> i think they should. facebook is a $40 billion company in terms of annual revenue. ftc's privacy settles,he largest were either $22.5 for google safari or 100 million for lifelock. penalties on

amazon, microsoft, don't depend on this model of surveillance and behavior modification so they have a much easier time rejecting it and they are, as we saw with tim cook. it's really more google, facebook, twitter, and few others, reddit. that's where this problem resides. >> so your problem is it's the ten reasons to get off the internet. give us the ten reasons. >> reason number one, you are losing your free will. the process of addiction, almost by definition gradually erodes your free will. it becomes an addictive cycle and as the founders of facebook have admitted deliberately addictive processes are in effect. number two, quitting social media is the most finely targeted way to resist the insanity of our times. here's why i say that. if people launch an effort within facebook to oppose the insanity and the insanity is the day that's getting me, the worst is this news that we're separating mothers for from children at the border by tricking them with the idea their kids are getting a bath. i mean -- i can't even -- >> it's emotional. >> the problem is, if somebody tries to create a campaign to oppose that, let's say on facebook or twitter, because the algorithms are looking for th