e.u. privacy rules came into force regulators said the search engine giant failed to fully disclose to users how their personal information is used now from unpaid coast guard members to absent airport screeners more americans are feeling the pain of the longest government shutdown in u.s. history but president trump and the democrats appear no closer to ending the political deadlock over the funding for a proposed wall along the border with mexico rob reynolds reports. a month of shutdown gridlock and political posturing a month of misery for eight hundred thousand government employees going without pay in a sign of just how bad things are now kraft foods corporation opened a grocery pop up store in washington giving away cheese macaroni mayonnaise and so on to cash strapped federal workers. the pain spreads across the country on coast guard bases and research laboratories along the borders and in airports the partial government shutdown is hurting families and disrupting vital government functions for example the transportation security agency reported that about ten percent of its airport

e.u. privacy rules came into force regulators said the search engine giant failed to fully disclose to users how their personal information is used now from unpaid coast guard members to absent airport screeners more americans are feeling the pain of the longest government shutdown in u.s. history but president trump and the democrats appear no closer to ending the political deadlock over the funding for a proposed wall along the border with mexico rob reynolds reports. a month of shutdown gridlock and political posturing a month of misery for eight hundred thousand government employees going without pay in a sign of just how bad things are now kraft foods corporation opened a grocery pop up store in washington giving away cheese macaroni mayonnaise and so on to cash strapped federal workers. the pain spreads across the country on coast guard bases and research laboratories along the borders and in airports the partial government shutdown is hurting families and disrupting vital government functions for example the transportation security agency reported that about ten percent of its airport

opened officesve in brussels in berlin to stay in close touch with privacy and economic in the e.u. there is a lot going on in the u.s., which is why everyone is here. opened of organizations their privacy framework, including a national data protection agency. we see several pieces of legislation from both democrats and republicans, including the consumer data protection act, wydenred by senator ron and another. eventrings us to today's and our distinguished panelists who hold a wide variety of views on privacy, which they will happily share with us. going from your left to right we have bret swanson, visiting fellow at the american enterprise institute, we have sally greenberg, executive director at the national consumers league, rob atkinson, president of the information technology and innovation foundation, his organization released to their own proposal for a privacy legislation, and nicole turner lee, a fellow at the center for technology innovation at brookings. each of them will speak in turn and then we will have constructive discussion and hopefully, time to open up for que

e.u. privacy rules came into force regulators said the search engine giant failed to fully disclose to users how their personal information is used now from unpaid coast guard members to absent airport screeners more americans are feeling the pain of the longest government shutdown in u.s. history but president trump and the democrats appear no closer to ending the political deadlock over the funding for a proposed wall along the border with mexico rob reynolds reports. a month of shutdown gridlock and political posturing a month of misery for eight hundred thousand government employees going without pay in a sign of just how bad things are now kraft foods corporation opened a grocery pop up store in washington giving away cheese macaroni mayonnaise and so on to cash strapped federal workers. the pain spreads across the country on coast guard bases and research laboratories along the borders and in airports the partial government shutdown is hurting families and disrupting vital government functions for example the transportation security agency reported that about ten percent of its airport

e.u. privacy regulation, and they found that because of the way the privacy regulation was structured being so onerous, that it rused teduc effectiveness of online advertising by 50%, and therefore reduced revenues for internet companies in europe. a 2011 survey found 63% of eu venture capitalists believed that an opt-in requirement, in other words, nobody can ever use any of your data regardless of how sensitive it is unless you affirmatively approve it, they argued it would deter investment in internet companies in europe. when you look at the real results, venture capital investment into online advertising, cloud computing and online news increased at a slower pace than in the u.s. after their privacy law of 2002. online privacy rules are also a reason why from 2012 to 2017 digital advertising revenues grew 93% in europe, but 140% in the u.s. that's where all that -- all these small startup companies all around the country are working in their garages, rolling out free services. that's how they make their money, on advertising. if you're in europe under the gdpr, you're very much constra

the new law requires companies to abide by strict data protection and privacy rules, protecting e.u. residents. google slightly lower over the past year. cheryl: that's a massive fine against them. tracee, thank you very much. well, the imf cut this year's global growth estimate to 3.5% from 3.7%, mainly reflecting signs of weakness coming from europe and joining us now is gary b. smith and hudson valley investment advisor c.e.o., gus sako. i'm not sure you were able to hear the discussion that maria bartiromo had with several prom meant world players. we get the imf forecast. they're pessimistic about global growth. they are downgrading global growth, plateauing to straight-out he global growth weakening. i heard the panel, it seemed they were more optimistic. what's your take of the global economy. >> if we're here in the united states, the economy is probably going to do better than the markets and it's based off of two things. number one, 70% of our economy is consumption, it's you and i doing our patriotic duty and going out and spending. we're looking at companies -- i'm sorry,

everyone to know that's the that's their yacht you know their privacy can be at stake so they are there are legitimate reasons. but the e.u. takes a different view it wants to know who has invested in hotels like this one for example otherwise it's threatening to put the island on its blacklist. language it would then join places like trinidad. or guatemala. seven countries are blacklisted in all and under close observation. sixty five others are on the gray list and have already vowed to improve steve garlock feels the flood of new rules goes too far he says making everything transparent would be too expensive and jeopardizing wheeler's business model. right we do not believe there's a necessity to do it but if big brother the police want to flip us on this then yes we will have to do it the reason we're on the list is because one small change we want to whitelist we haven't changed anything they've changed the rules and we have to comply with those rules but the e.u. sees the changes as a milestone in its fight against tax evasion particularly the blacklist even if there are no concrete sanctions yet against any blacksh

the law requires companies to abide by very strict data protection and privacy rules that protect e.uif they don't, regulators have the nuclear option of ordering them to stop transferring data out of the e.u. completely. hope it doesn't come to that. google is slightly lower after the past year. alphabet is the stock we're watching for you. former nissan motors chairman carlos ghosn likely is going to be remaining behind bars until at least march. yesterday the tokyo district court again denied ghosn's request for release on bail. he proposed paying for an ankle monitor, even security guards as well as surrendering his passport. he denies all of the charges. members of the british cabinet meeting with theresa may a day after she unveiled the exit plan b, this is the brexit plan b, if you will. critics say it is little changed from her previous deal that was rejected by parliament last week. earlier, ubs chairman axel weber talked about the potential impact of a chaotic brexit, a hard brexit in an interview with maria at the world economic forum in davos, switzerland. >> i think ultim

e.u.'s general data protection regulation, which began in may. google said it may appeal to find u.s. policy makers are keeping a close eye on privacy regulations that they consider a new federal privacy law. >>> our time is 4:37. if you used watts app you may have experienced disruptions. users can only forward five, they used to be able to use 20. there were concerns that the platform was being used to spread fake news. >>> and facebook is rolling out a new feature, called community actions. lets users create petitions. users now have the ability to tag government agencies with the hope of getting people to hit the support button. fails book said it is in line with the company's mission to build engaged communities. >>> golden state warriors star klay thompson has a pretty good case to be an all-star this season. last night, against the lakers, he was almost unstoppable. >> thompson scored. >> all right. >> it's thompson again! >> pam, what did you do to klay thompson? >> he was on fire. >> he was on fire. hit 10 three-pointers in a row. that ties an nba record. yeah, you did it, k lay. he led the warriors in a win. next game, wed

that and why was it important to have one data privacy policy instead of each member country having their own? >> thanks, senator for this , question. the e.u. already had a data protection directive from 1995 on. these data protection directives had been in the national laws of the 28 member states. so we had diversified laws, even if they had the same fundamental. and during the last 20 years, the e.u. considered it would be much better to have one applicable law according for the whole continent, for the whole e.u. and so it has started in 2012 to negotiate the regulation, and the regulation was finalized in 2016 and entered into application on the 25th of may, 2018. to have one continent, one law. sen. wicker: ok. and with regards to how it's being implemented and how people have reacted, there have been reports upon implementation, several company shut down their operations, blocked access to european users, or required european consumers to pay for access to online content. could you comment about that? has that been overblown or am i accurate and what i've said there? and why would the companies have done so? dr. jelinek: i cannot co