we didn't question why he sandberg was saying this.e didn't laugh in her face at the pure absurdity of it. our corporate media celebrated sheryl sandberg as the leader of a liberation movement. her book became a best layer. "lean in," putting corporation first is empowerment. it is not. it is bondage. republicans strode safe so pure they should speak out on the ugliest part of our financial system, not all commerce is good. why is it defensible to load people money they can possibly repay, or charge them interest that progress is them? payday loan outlets in poor neighborhoods collect 400% annual interest. are we okay with that question mike we should not be. libertarians tell us that's how markets work, consenting adults making voluntary decisions about how to live their lives. okay. but it's also disgusting. if you care about america, you ought to oppose the explication of americans, whether it's happening in the inner city or wall street. by the way, if you really love your fellow americans, as our leaders should, it would break you

sheryl sandberg and parts of? -- how do people feel about sheryl sandberg and parts of facebook?m do things a political campaign might do, mark zuckerberg and sheryl sandberg, what are their strengths, what are the words associated with them? so if you understand where marketing go out and lead a message for people can go and say we don't trust mark, that can be very helpful as we try to navigate this regulation or problems. so we saw a slide deck that highlighted the research we had done and it was just fascinating to see how they were comparing them popular celebrities -- them into popular celebrities. is it -- isn't it fair for companies to do market research and manage their own reputation? it isasked people and common to do that and come in for companies to go on social media to see what people are saying. facebook is different, both from the social network part of the point that they own it but also from the services point, facebook is superpowerful now. the most interesting comparison that i saw was the comparison with bill gates. super interesting. emily: tell us about it

and he's met with facebook's chief officer sheryl sandberg a dozen time. good to see you. >> good to be here. >> there's a context, particularly in german, as a result of the holocaust, they're hyper sensitive towards the hate speech and the degree to which it can catch on. it does seem that the europeans are further ahead than americans in dealing with this issue? >> absolutely. the fine is small, as you said. but the symbol of the fine, the symbol of holding an institution like facebook accountable is serious. and unfortunately, we've not had that level of oversight from the ftc here, from congress, from the authorities that are supposed to be stepping in when institutions, communications platforms others do not. >> why do you think that is? is it a will thing? is it an understanding? >> it's a couple things. first of all, it's a will thing. it's a will thing when it comes to congress. it's become politicized on both sides. and i don't want to create false gi eei didn't feel. but the ftv wins settlements or get fines and not able to implement or hold acc

we talked about it before, how do people feel about sheryl sandberg and art zuckerberg -- mark zuckerbergthe second part of this story, they were doing research, the same type of stuff you might see a political campaign do with it politician and find out where does this candidate, or in this case mark zuckerberg or sheryl sandberg, what are their strengths? the idea is if you understand where mark can go out and land a message home and where he can go out and people might say we don't trust mark, that could be helpful as you are trying to navigate this regulation they are going through or other big problems. we saw them outline some of the research they had done. it is fascinating to see that were do you -- they v comparing them to popular celebrities. the pope was on the grid. it gives a sense of how big facebook is and how big the personalities of their leaders are. emily: isn't it fair for companies to be able to do market research on themselves and to manage their own reputation? alistair: we asked quite a few people about htat and it is -- that and it is common for people to do that.

the coo of facebook, sheryl sandberg, has donated a million dollars to the planned parent action fund. she said she's motivated by draconian laws. she doesn't explain but facebook's view is very clear and so is hers. she's articulated it many times. children get in the way of corporate profits, of the bottom line. if you have a family, you're more likely to be loyal to other people than the company you work for, in other words, sheryl sandberg. so abortion is a huge boon to her and shareholders is. a creepier motivation? see if you can think of one. probably isn't. supporters of marijuana legalization is the new frontier in civil rights. legalizing it will help the poorest and vulnerable. the health hazards don't exist. in other words, it's all good. relax, man. dr. kevin was a senior adviser for the office of national drug alcohol policy under president obama. he's no right winger. he's president of smart approaches to marijuana. he's never putting people behind bars for having a joint. but he said the risks of using marijuana are real and they're being town played in order to furthe

that we can do both we are committed to earning back trust through the actions we take >> reporter: sandbergkerberg also talking about their new focus on commerce near term with shopping on instagram that sandberg says is gaining steam and longer term with libre with encrypted payments which zuckerberg spoke about quite a bit, answering questions about it melissa. >> when you said headwinds and uncertainties that was said, what does it mean exactly? >> reporter: that's a direct question, melissa. i think he is talking about there could be uncertainty to understand how all of the privacy regulation, all of this regulatory scrutiny could impact the way they use data to target ads. the less targeting, the less data they use in advertising, the more that will hinder growth ads are more effective, they're more valuable to facebook if facebook can use more personal information in targeting them. if people opt out of targeting, that could be problematic. >> reporter: julia, thank you. >> julia boorstin in los angeles. more reaction to facebook earnings let's bring back in gene munster of loup venn

. ♪ h >> reporter: w apple's tim cook, facebook's sheryl sandberg and twitter ceo siegel walking thein sun valley along with former ceo eric wang, big tech is out in force. so is talk of regulating the giants ahead of antitrust hearings on capitolill next week. sam altman, who funded y kbiniator which funds and add vieadd -- advises, says it will be harder. >> the companies are sort inned but when i talk to most they want regulation. we're in uncharted territor i think e we figure out how to regulate more quickly and effectively than w have in the past or we end up in a world where at some point we have to do it in a clumsy way. >> forr twitter ceo dig cost lo says antitrust and privacy issues shouldn't be conflated. >> it is not just the fact that companies are big that should cause them to be regulated. the sietz ze of the company doe have any iact on the kinds of things it might be doing. it is those specific things that companies are doing withdata, the way they're managing it or >> reporter: the question is what laws would best protect consumers without giving an unfair advantag

is cracking down on ads that discourage americans from voting, according to facebook coo sheryl sandbergn't vote policy prohibition will go into effect this fall before the 2020 election, the company will ban all types of voter suppression by blocking posts that spread misinformation on voting methods, election dates or times and polling locations. and get ready for more pain at the pump, gas taxes are going up in several states today, doubling in illinois to 38 cents per gallon, drivers in california would pay the highest gas tax at 43.7 per gallon, gas increases in ohio, south carolina, and tennessee. how about this? brand-new cookie dough that they say is safe to eat raw. two flavors chocolate chip and peanut butter chocolate chip monster and will be sold nationwide this month and the internet freaking out of the sweet surprise, daniel says, wait, so you're telling real cookie dough was never safe to eat. dreams come true, another twitter user says all cookie dough is edible if you're willing to take a risk and if you believe in yourself, time now is almost the top of the hour, not qu

emily: facebook with the leadership of sheryl sandberg has tried to lean on these issues.n a leading voice in the world on these issues, but i have to point out this is good timing or is this good timing for an announcement like this? facebook is not looking so good. kurt: normally when we talk, what disaster did facebook have this week? here, it seems like they are trying to do the right thing. they are trying to build a workforce that reflects the people who use their product. that theyink it hurts view this as a positive announcement. they do this every year. they announce these numbers every year. it is not like the first year they have ever done it but it does not hurt we are giving them a bit of a compliment today. emily: we will hold them to it. kurt: check back in 2024. emily: kurt wagner, thank you. and, that does it for this edition of bloomberg technology. we are always streaming on twitter. find us. you can follow our global breaking news network, tictoc, on twitter. this is bloomberg. ♪ paul: welcome to daybreak australia. i am paul allen in sydney. shery: i a

i get asked, even with sheryl sandberg's leadership, a leader on women's issues in the world, why can'tfacebook to better? better? maxine: there is a lot of stuff we own and we double down to adjust that. is there bias in the workplace? how do you evaluate people? is there fairness? how do you consider promotion? emily: there is unfairness? maxine: everywhere. humility is important for every company, every group of people. we are not special. there is no fairy dust we sprinkle on people. they are those same people. you address that. everyone has bias. on the other hand, having a leader that wants to move, helps tremendously. you can't be what you don't see. seeing a woman who represents what we hope for -- leadership, influence, success -- has been useful. emily: you report the number of women and minorities in technical roles because those are important prime decision-making roles, decisions about the product that is used by 2 billion people around the world who come from all backgrounds. women hold only 23% of those roles. blacks and hispanics, 5%. could another goal be getting to 50-

sandberg -- sof endbird. rishaad: good stuff, david, thank you. as the budget blues continues to spook indian equities, we have a look at how things are shaping up for the session today. this is bloomberg. ♪ rishaad: that's have a check of the latest business flash headlines. this korean a game developer is surging after announcing a buyback to more than 2 million shares to help save stock prices. netmarble has tumbled after its latest game fails to get anywhere near market expectations. a chinese grocery delivery startup is seeking new funds and looking to hedge valuations of $3 billion. planning to raise up to half a its high profile backers including tencent and goldman sachs. five-year-old company and says it promised to reach profitable cash flow last year. intended to is moving some of its switch production to vietnam -- nintendo is moving some of its switch production to vietnam, saying its target of sales may not be affected. an tendo currently makes all switch consoles in china. yvonne: taking a look at markets right now. we have seen a l

i get asked, even with sheryl sandberg's leadership, a leader on women's issues in the world, why can'tn facebook to do better? why hasn't facebook done better? maxine: there are a couple of things. one is that there is a lot of stuff that we do on, and we have doubled down to adjust that. is there bias in the workplace? how do you evaluate people? is there fairness? how are you considering promotions? all of that, we are working on. emily: so you are saying that there is bias? there is unfairness? maxine: everywhere. humility is important for every company, every group of people. to recognize that we are not special. there is no fairy dust we sprinkle on people when they walk in the door in facebook. they are those same people when they woke up in the morning in their communities. there is bias. you address that. on the other hand, having a leader that does model it helps tremendously. there is this expression, you can't be what you don't see. seeing a woman who represents what we hope for -- leadership, influence, success -- has been useful, and that is why we have seen our women in l

a partner at lowenstein sandberg and president of democrats for educated reform and a partner at k2 andompany. she served as communications director for scott walker's 2016 presidential campaign. welcome to both of you. president trump has embraced growth for the country as well as jobs. he has promised a lot, but at the same time it is growing 2.1%. is that good enough for republicans in 2020? >> the president himself thinks that is probably not good enough. he is aiming higher. that is what he has going for him. a lot of people believe the economy is going well for them. even if they are not feeling it , they believe the president is doing everything he can and the sky is the limit for what he is trying to do. 6 million jobs created in his term, one million new manufacturing jobs, seeking to , unlike a% or 6% gdp lot of presidents who have not tried to get there. the president has a lot going for him in terms of what americans believe he is trying to do, not even to mention what he is trying to do with trade agreements. i was in iowa last week and what you hear a lot around the midwes

argument that if we don't do it, something else will, which is a similar argument we heard sheryl sandbergf you break up facebook, the chinese government is not going to break up china tech companies and then they are going to have the advantage. will that argument work with regulators? ashkan: the china bogeyman argument is being made in antitrust, the use of a.i. stem cell research. i think there is some understanding that we are competing on a global scale here. but, i don't think that currently mitigates the issues that regulators are focused on on the bad behavior of the companies and the lack of accountability. the senate judiciary hearing on platforms is focused on the fact that if a company like google or facebook were to bias search results in terms of favoring a candidate or favoring a particular political party, there is no accountability requirements or reporting requirements currently present for those companies. they could do so and we wouldn't know. whereas if a company made a $500,000 contribution to a political party, they would have a recording requirement. i think the la

i definite sheryl sandberg said the once in a decade population count is so important that facebook willke an election with people, policies and technology in place to protect against census interference. keep some mind it is used to count up districts to determine who represents you in congress. and by extension, the taxes you pay, the government services you get. remember on this show last week we learned live that the supreme court moved to block the trump administration's to put a citizen question on the census. ben collins covers this information, extremism for the internet news. and jeff mason with reuters. ben, let me start with you. interestingly here, the federal government asked for help from big tech companies on this exact issue. explain what went down and how you see facebook's role in this. >> this is the first census that will be predominantly taken online. if they encounter really bad information first it could really mess things up. facebook and twitter specifically are very good at this. very good at the narrow tasks where they say on these two delays, please don't mess

now mark zuckerberg and sheryl sandberg or monetizing those and if they go after gaming with 2.5 billion people on these platforms that's another win for them >> two of the leading candidates for the democratic nomination and i know it's a long time from now, would like to rip instagram and what's app out of facebook and force a split. do you think that enters into the way people value this stock at any point or we're just going breeze right through that? >> i think and i bet you do too, josh, there would be a perception on wall street that maybe they unlock value. now that's not really the way i view it. >> it could be almost a good thing. >> it's not the way i view it. the longer they can keep these together, the more powerful they are and, thus, the more earnings power. on the other hand, if they split these off by their own decision or if they are forced to do it, to josh's point, i still think there's potential for -- >> to unlock value >> i look at people were saying paypal will never survive without e-bay. it's bigger than e-bay e-bay has gone up because it forced them to focus mo

going off of your point, sheryl sandberg's organization recently released a study and they found thatcomfortable mentoring junior level female employees and that's a 32% increase from last year. it almost seems like them #metoo is a wonderful thing but it's in the opposite. >> we also have to be cautious allowing the #metoo movement to close doors professionally for women because that could become a bit of a cop-out. it's an easy way for men to say, oh, -- >> i've worked in an office where the individual subscribes to this belief system and never once did i feel like it hindered my career because this was an office where women were elevated and they held the highest positions in the office. i don't agree with that. >> we have a female ceo, we have one in our company who does a fantastic job, needs to have a private conversation with one of our colleagues? should she not be able to close the door and speak with other executive? >> that would be her viewpoint. if that's a commitment she and her husband made, i'd support that. >> it just seems so unrealistic though. >> now, it's not. >>

it's a company that i like because of exactly this kind of horrible evil thing that they do sheryl sandberg is on the board said you guys track and my kids even her her from has a problem with the privacy issues with desi interesting are wrapping up with one click your question coming from jordan. jordan wants to know how should i invest in real estate. >>long-term what's the long game with real estate, yeah i like to call publicly traded rates for the average person james he can't afford a mortgage. we can't afford to lock yourself up for 30 years into a mortgage by a publicly traded agree cut government scrutiny. the sec looks at them. you can buy a mall or hospital or an office building to chicago when she by $100 on that are 100 shares of it it's yours for life. you don't have to service said there's a business on top of it the services it for you so you get the real estate plus the management. that's the way most people should do it after have an emergency fund after you have money in your retirement account. then you can buy real estate i don't like owning individual properties there

i get asked a lot, even with sheryl sandberg's leadership, a leader on women's issues in the world, whyven facebook do better? why hasn't even facebook done better? maxine: yeah, i think it is about -- there are a couple of things. one is that there is a lot of stuff that we do own, and we doubled -- we have doubled down to try to adjust that. is there bias in the workplace? how do you evaluate people? is there fairness there? how are you considering promotions? all of that, we are working on. we own. emily: so you are saying that there is bias? there is unfairness? maxine: everywhere. everywhere. what you need to do -- this is why i say humility is important for every company, every group of people to recognize that we are not special. there is no fairy dust we sprinkle on people when they walk through the doors at facebook. they are those same people that they were when they woke up in the morning in their communities. everybody has bias. you address that. on the other hand, having a leader that does model it helps us tremendously. so that seeing that you could, you know there is this

any violations that happened before june of 2019 that shields not only mark zuckerberg and sheryl sandbergany other directors and executives at the company. and that's a really big deal it kind of says, we don't really even necessarily know what's going to come out after this or if they're going to be further violations that even we didn't foresee now but it kind of doesn't matter, because we paid our $5 billion, and we're safe in the long run >> if you're an investor, kevin, you know, you take a look at the stock, and it's amazing, because when the news broke in the after hours session, facebook shares were down by as much as 1.8% or so and now they're virtually flat, look like they're going to turn positive so it's simply headline risk at the same time, when you think about what facebook might be handicapped in doing, going forward, while it's under doj and ftc scrutiny, it might be, you know, preventing the company from fully monetizing what's app or fully monetizing instagram or so on. and that could then impact the revenue growth rates for this company. how do you think investors shou

a use case it is sin, sandberg? you probably know the name.rly she knows joseph mifsud, they interviewed her. why not ask her point blank, do you work with this guy? you work with the state department and the fbi in the past, who is this guy? why would you not have a two, three, four, paragraphs interviewing her, she could probably tell you a lot on joseph mifsud. mueller could not call him a russian asset. >> dan: also, why is there not some damage assessment being done by the government if a russian asset joseph mifsud has been telling around with u.k. intelligence, and february of 2017, where is the damage assessment at this point? >> and that has been our major point the whole time, if joseph mifsud was a russian asset, my god coming out of the fbi come the state department, the u.s. congress, all of our allies, nato, boris johnson, they all have been compromised by this russian asset, famous russian asset joseph mifsud. to the fact that they are not doing a damage assessment, dan, i think tells you in the american people all you need to k

i just want to put up -- sandberg did a study at facebook, if 2% of male managers said they were uncomfortableorking with women in the workplace. so they are not -- this isn't just working alone. if they don't want to mentor, they don't want to socialize. that's frightening. >> it's really unfortunate. i think it's a real bad side effect of the whole #metoo movement. and you're right, i don't think i should be where we end up as a culture buried the last few years have really terrified men. if we could dial that back some, that would be great for all of us, especially for women. >> martha: the truth of the matter, something would suffer a long time, because we spoken out quite a bit about due process and listening to both sides of the stories, which is extremely important, you cannot believe all women, you cannot believe all men. what you need to do is look at the situation individually. people who accuse someone unjustly are just as criminal as people who -- as the person they've accused of doing something, and i was when to dampen someone's right to come forward for a legitimate reason. >> a

. >> all the tech giants are here, jeff bezos, satya nadella, tim cook, mark zuckerberg, sheryl sandberg and i hear mark zuckerberg is hosting his annual karaoke party tonight in town. so these media moguls aren't just talking business, they're also getting a little bit of vacation >> hopefully not singing the blues. i had to i just had to, julia thank you, your reporting has been great this week julia boorstin out in sun valley >>> as we head to break, dow hitting another record high this morning, coming off its first close ever above that 27,000 mark here are the names driving the index even higher this morning we've got more "squawk alley" after a quick break. ntral. it's so important to us that verizon is supporting military families. when i have a child deployed, having a reliable network means everything. so, when i get a video chat, and i get to see their face, it's the best thing in the world. and i've earned every one of these gray hairs. military moms, we serve too. (vo) the network more people rely on, gives you more. like military plans with a special price on unlimited, $100

roberts just arrived now, all prepping to launch their new services but mark zuckerberg, cheryl sandbergs are all expected to attend here. and now they're facing a potential regulatory crack down with scrutiny of a number of issues over the fact they're so big and powerful in addition to regulation, secretary of state mike pompeo is expected to speak here so we expect geo politics to be a subject in focus back to you. >>> what was the last big deal to come out of sun valley. >> julia would know better than i because of the origins of the deals. >> a lot of conversations start here you can look at jeff bezos starting the conversations to buy "the washington post." and you can look back -- if you go historically, you can go youtube which was acquired here, cap city, those are some of the bigger deals but more recently the partnerships snap was here the same time as the nbc universal folks. you have to wonder what conversations started here look at the next round of startups here, which giants might be interested in investing in them? >> a different angle how big and important allen and com

. >> andy sandberg and the lonely isle guys helped make the transition for snl into the digital era.r, who could forget [ bleep ] in a box. come on. ♪ got a hole in a box ♪ put your junk in that box ♪ open the box and that's the way you do it ♪ ♪ get a box ♪ [ cheers and applause ] leave-in conditioner. our heat protecting formula, leaves hair 15-times stronger. ♪ in just 1 use elvive revives damaged hair. too many people a restless night's sleep. there's a better choice. aleve pm. the only one to combine a safe sleep aid and the 12-hour pain-relieving strength of aleve. that dares to last into the morning. so you feel refreshed. aleve pm. there's a better choice. ♪ for a dos equis. ♪ dos equis... ♪ every now and then i get a little bit hungry ♪ ♪ and i also need a side of nachos. ♪ ♪ one more round nachos... ♪ every now and then i order dos... ♪ ♪ and i need dos equis tonight... ♪ ♪ and i'd also like some hot wings. ♪ make your summer jams even hotter. with dos equis. keep it interesante. [it's funny what happens when people get together. holiday inn. holiday inn express. we're ther

as independent oversight with assessments and a process similar to financial controls now, sheryl sandbergting the settlement makes sure that we are clear with people about how we use their information and that we protect it this will help us better serve our community. now, the question is whether all this new oversight could stifle innovation or whether it would benefit the company by reassuring investors and consumers who are concerned about privacy. we'll hear more about the impact of the regulatory scrutiny so far and how much impact it's already had on users and revenue when the company reports earnings after the bell. one thing is for sure. facebook will continue to stress the sweeping nature of these restrictions after legislators have raised so many concerns that the ftc wasn't going to do enough guys, back to you. >> i mean, is it your sense, julia, this went farther than the company was expecting in terms of the behavioral changes and the business changes that the ftc is requiring >> it's hard to say what the company was expecting. i think the company knew that there was going t

sheryl sandberg talks about how mcdonald's, which reports tomorrow, had a huge lift when they did a campaign. huge lift. now, that's what i want. mcdonald's it was the best. >> and to the point that we've made numerous times, it's not as though despite all of the problems that they've run into that the customers are leaving >> customers love instagram more >> whether or not it is the advertisers who obviously are paying them or the people who are using the service. daus, of course, carl referenced it, but we're talking overall 2.1 billion people now use facebook, instagram, whatsapp, or messenger every day >> every day they're fixated on it. i just think that was the story. that and the fact -- it's very interesting. they did not show a lot of leg when it comes to advertising, but their advertising units, as they said, are killing -- what what do you think they're killing now? us, tv >> tv is doing all right the up fronts were great >> david -- >> people still want a tv buy. >> if i were kraft-heinz -- oh, god, no. i'm not kraft-heinz. >> clorox. >> clorox. >> the cmo just gave an interview

do you know these people quick sheryl sandberg, elliott, or monica quick. >> i do. >> is it true that mister zuckerberg told them to meet several times and consider shutting down then candidates facebook trumps website in 2016 because mister zuckerberg disagreed with his views on immigration quick. >> i am not aware. >> you just don't know it would surprise me but i'm not aware. >> last question i promise. i have see this description. if you and i interface on facebook, it's really not just to participants but you, me, and facebook. is that an accurate description cracks. >> on messaging platforms but in this case it would be the two of us. >> this really is my last one. with libra catches on with 200 million people using i it, somebody would have the data on all the financial transactions of those 200 million people have consummated which will indicate what they are buying or not buying and treasure trove of information. you are telling me that nobody is calibra will monetize that crack. >> when it comes to the libra association they were not have any personal identifiable data there

ceo, sheryl sandberg says we'll working with regulators every step of the way.t is interesting from the tech perspective, tech entrepreneurs they will launch any kind of business except for this one because financial services is so heavily regulated f anything, this underlines that point. connell: their assumption is at some point this will be, to the president's point treated in a similar fashion to a bank? >> exactly. there is no government that, having a currency that you back by assets, your own reputation, that is not something that any government takes lightly. it is obviously most heavy control. and it is not something that necessarily a lot of governments or even businesses or investors want in the hands of the people. what i will say about facebook's libra, i feel like this is a good way for facebook to change the conversation. so if i owned facebook stock, good on them. this gets everybody off the concerns about privacy and data. of course the next question, if i can't trust them with my data, will i trust them with my money? connell: glass half-full v

do you know these people, sheryl sandberg, elliott is that raz or monika bickert. >> i do, senator. >> is it true that mr. zuckerberg told them to meet several times and consider shutting down men candidate trump's facebook website in 2016 because mr. zuckerberg disagreed with his views on immigration? is that true? >> senator, i'm not aware. >> you just don't know? >> i do not know, senator, but it would surprise me, but i'm not aware. >> okay. last question, i promise. i've heard -- i've seen this description before and i want your thoughts on it. if you and i interface on facebo facebook, there are really not just two participants, it's you, you, it's me and it's facebook. is that an accurate description? is that nothing is private? >> except on messaging platforms, notably on what's app that is fully end to end encrypted in this case it would be just the two of us, senator. >> and this really is my last one. if libra catches on and let's say 200 million people are using it, somebody is going to have the data on all of the financial transactions that those 200 million people have c

sheryl sandberg is here. lydia moynihan is here. of course, she gets paid almost nothing to work.reat discussion on the fed. i will put in one thing. the reason why full employment should be lower than 5%, because we have higher now underemployment. think about that. lot of people have dropped out of the work force, still haven't gotten back in. still, if you look at history it's pretty high. why should it be 5%, not 3%, if there are people dropping out of the work force. something to keep in mind. that's one reason i think the fed is readjusting its models according to the people i talk to. back to you. neil: thank you. great reporting from out there. stay healthy. don't break anyone's nose or anything like that. charlie gasparino. >>> the dow right now is up about 108 points. we are getting close to a record again. we are following another big news maker today. obviously jerome powell, probably the most important for your money today. but in the next hour, the labor secretary of the united states, alex acosta, will be holding a news conference. what he knew and when about jeffre

only to try to grab a glimpse of sherry redstone but warren buffett spotted here yesterday sheryl sandbergsey name it not at social media summit tomorrow because they are all here, in idaho. this theme part of the conversation is about tech and media coming together how tech companies are sitting on a lot of cash potentially looking to acquire, and scoop up some of these media assets speaking of i want to give streaming news netflix has announced that friends will leave it streaming service having a seat on warner media new service launching next spring, an idea how things are moving along, within this space maria. >> all right jackie great we will be watching your reporting all day thanks so much jackie deangelis idaho. >> markets waiting on fed chairman jane to released prepared testimony 11 minutes before testimony before house financial services committee we will bring comments as soon as these embargo is lifted 10 minutes. >> women in workforce speaking to a ceo worked with big names google general mills she will join us on set, stay with us. ♪ ♪ ♪ ♪ award winning interface. award win

sheryl sandberg used to be on the board of disney. this magic band in 2013, how do i know you're not surveilling my kids, what they like 20 do, their information? we trust disney. it is the happiest place on earth, maybe for surveillance but they are happy. i had friends at the park. if you have that band, when you get off a ride, they take the picture when you're on the ride. you used to wait in line to wait for your picture? now as soon as you walk off, go by that area where you normally wait for the picture, it shows you the picture, knows you are you. you're okay with all this? stuart: yes. >> this is where we're headed as society. stuart: i start from the premise everybody out there knows everything about me and everybody else on this planet. these personal -- too, you got it. >> yes and no. biometrics, that is a different story. your image. stuart: should i be worried? >> about disney, no? i wouldn't be worried about disney, unless someone hacks information. that is better answer. you should always be worried. but for disney, th

sandberg, i believe, knew in december of 2016? isn't it also true that you didn't tell your board of directors, they didn't tell the board of directors until 2017? until september 2017? suspect th isn't that accurate? >> senator, we definitely moved too slow to recognize the activities that were happening on the platform. >> well, excuse me for interrupting but i only got five minutes. in september 2017 when senior management told your board of directors, you also issued -- facebook also issued a statement. it said, yeah, the russians have tried to disrupt the election through facebook, but they only spent $100,000 and they only ran 3,000 ads. that was a lie, wasn't it? >> i'm sorry, senator? >> that was a lie, wasn't it? >> i don't believe it was. >> later facebook admitted that, actually, the russian ads had reached 127 million people, didn't they? >> senator, i believe that the people who answered that question at the time answered to the best of their knowledge at the time. >> right. when mr. zuckerberg was conducting his list

business focus now on secure communication and it was secure payment that both zuckerberg and cheryl sandberg for potential growth >> these areas around commerce and payments i think are one of the most exciting areas of product development for the next several years and the way that we kind of see the products now is we've helped people map out and wire up their networks over the last several years so now in each of these apps, we have opportunities to help people get more value from the networks they've created. >> analysts are starting to weigh in this morning. the majority are bullish we've counted nine analysts so far who have raised their price targets. mark moheney saying the worst fears appear fought to have been realized he says, while this ftc and regulatory oversight makes regulation more costly and time consuming, they remain confident if product innovation. andrew. >> stick around, joining us is the senior analyst covering technology for rosenblatt securities good morning to you. thank you for joining us >> morning. >> the results are good, what's happening in washington is bad w

sheryl sandberg saying we want all regulators involved for a long time.n uphill slog for facebook. doesn't mean it's not worth it. stuart: the president said about this libra currency, you want to start a bank, get a bank charter. deirdre: that's right. that's right. and be subject to the same regulations. stuart: something completely different. we are all over the place today but it's all happening. a dairy queen employee out of a job after she made the cake you see on your screen. the customer asked for a milana theme cake and the employee thought she said marijuana. >>> cracking down on the pesky robocalls. is there anything that can be done to stop them completely? i'm going to ask. ♪ hi walter. join us for a walk? i'd love to, but my legs and feet are so tired and achy. walter, you need revitive ! it's the circulation booster! it really got me moving. i use my revitive every day! to relieve my aching legs and feet. it's so easy.... drug free.... and its electrical muscle stimulation really improves the circulation in my legs. i'm back walking this gu