aditi roy on the scene got heated between senator warren and mr. smith what else happened, aditi. >> reporter: yes the hearing going on he's seeing a tough crowd with the nearly two dozen lawmakers in the senate banking committee. among those was senator elizabeth warren let's listen in to some of those pointed questions she had for him. >> a company like equifax that has sensitive personal information on most americans should have the best data security in the industry instead it has the worst. >> reporter: she also asked smith about the profits the company has made since the hack. >> you've got three different ways that equifax is making money, millions of dollars, off its own screw up meanwhile the potential cost to equifax are shockingly low consumers can sue. turns out that the average recovery for data breaches is less than $2 per consumer. equifax has insurance that could cover some big chunk of any potential payment to consumers so i'm going to look at the big picture here from 2013 until today, equifax has disclosed at least four separate h

aditi roy reports tonigh >> this is how you got to my front door. here we'll go up and go in the second floor. >> reporter: damon crane can tell you exactly why everything was in his house, even though there's nothing left of it. >> this was a doorway going into my lower part of my house. my sister's room is right here in the corner. >> reporter: he lost virtually everything, and barely escaped him with his family when the flames came over the hill and peered into his home. >> it just looked like a wall of flames coming straight towards me. it took ten minutes for us to get going. i started using the hose to wet the house but i knew the flames were too close. we jumped in the car and took off. >> reporter: he didn't just lose his home. he lost his livelihood. what did this used to look like? >> it was green for sure. >> reporter: he's a marijuana grower. he was getting ready to tap into a growing market with the state's legalization of recreational marijuana two months away. crane had spent tens of thousands of dollars to meet the regulatory require

aditi roy reports . >> good morning. the subcommittee on digital commerce and consumer protection will come to order. >> reporter: former equifax ceo richard smith took the hot seat this morning in front of a house subcommittee, ready to answer tough questions on the company's massive cybersecurity breach. it's the first of three days of congressional testimony, before the house and senate. smith started with an apology. >> i'm here today to say to each and every person affected by this breach, i'm truly and deeply sorry for what happened. >> reporter: then the grilling began. for about two dozen lawmakers, the questions and rebukes were fast and furious. >> i hope we can give an insurance to this committee and the american people that there will be a bill to give consumers confidences against, because this is a mess. >> reporter: smith revealed it took the company 40 days to notify the public about the breach because at first equifax only noticed suspicious activity and that it took weeks to understand the depth and bre

aditi roy is in santa rosa tonight. >> reporter: the flames were fast and furious. springing from nearly a dozen and a half wildfires, and ravaging more than 100,000 acres in nine california counties, leaving behind a path of destruction. at least 15 people died as 20,000 had to flee. >> there's ashes falling down everywhere. >> reporter: among the evacuated, shelby mcclintock and amanda bowen. they left their home sunday night when flames got too close for their comfort. >> i was woken up at 2:00 in the morning, the hills were glowing red. our house mates were already out. i already knew from the beginning from the coloration in the sky that -- i was like, i'm packing a bag. >> reporter: they've been living in this shelter since. the firestorm leveling entire neighborhoods like this one in santa rosa, california. businesses are affected too. like this kmart, burned to the ground. this hilton hotel in santa rosa, also decimated. sonoma and napa valley wineries which play a critical role in local tourism have been impacted as well. among the wineries destroyed by the

for "nightly business report," i'm aditi roy, otay mesa, california. >>> that is "nightly business repo" for tonight. i'm sue herera. thanks for joining us. >> and i'm tyler mathisen. thanks from me as well. have a great evening. we'll see you ba ♪ >> this is "bbc world news america." funding of this presentation is made possible by the freeman foundation, and kovler foundation, pursuing solutions for america's neglected needs. >> planning a vacation escape that is relaxing, inviting, and exciting is a lot easier than you think. you can find it here in aruba. families, couples, and friends can all find their escape on the

aditi roy reports tonigh >> reporter: ray signorello is seeing his winery for the first time since it burned to the ground. his father bought the property in 1977. and now the once-elegant tasting room is a pile of rubble. signorello is one of five wineries in napa destroyed or heavily damaged by the more than dozen wildfires that have ravaged the state, hitting wine country the hardest. signorello's wine maker was on the property at the time of the blaze and tried to save it. >> so my crew had come up to try to fight the fire for a little while. but they didn't have near the equipment. i mean, i don't think you could have had the equipment to battle what they were trying to battle here. >> reporter: it was too late and the had to flee. they are not alone. in neighboring sonoma county, the owner of paradise ridge winery says he will rebuild. >> it's devastated, suffered complete loss in both the wine making facility and also our tasting room and events center. >> reporter: the economic impact of the wildfires to the tourism economy could be significant. according to the wine institute

aditi roy has more >> reporter: this is typically a gorgeous neighborhood in santa rosa, overlook the a know inni a sonoma valley. gorgeously dotted with homes that are huge, but instead everything is rubble this is charred, this is all that remains of it this is a neighborhood filled with homes that are close to a million dollars, but you can see right now only empty shelves of these homes remain 11 people have been killed, 20,000 had to flee their homes they were evacuated. and it's not just neighborhoods that have been impacted, businesses as well our crew took a spin around santa rosa and found a kmart store completely decimated, a hilton hotel burned to the ground and a fountain grove hotel, that is a local landmark, that was also decimated and wineries of course that place suplay such a critical role in the local tourism, they have been been impacted as well. among the ones that we know that have burned to the ground are paradise ridge, in napa, white rock vineyards and monday t among those damaged, william hill, jimmy rock and no doubt the list will continue to grow even longer

we've got an earnings alert on paypal hitting a new all-time high in the afterhours session aditi roy with the latest. >> reporter: hi, melissa paypal shares surging in the after hours, 4% after posting those results. the company showing strong growth in customers and engagement the highlights include 218 million active customer accounts, beating expectations of 215 million that's an 88% increase year over year payment transactions coming in at 1.9 billion analysts had predicted 1.85 billion, another beat there. total payment volume was $114 billion. that beat expectations of $109 billion. the digital payments platform attributed the growth to an increase in mobile payments and venmo's share of total payments volume dan shulman also spoke about the company's news this week that it would expand venmo to 2 million u.s. retailers >> this is an important milestone for us, as we both add differentiated functionality for venmo consumers and begin to monetize venmo our existing paypal merchants are also excited to offer venmo as a way to pay on their sites >> reporter: paypal has beat on ear

for "on the money," i'm aditi roy, cupertino, california. >> so would robot tax help or hurt the economy and job growth? as we saw, jane kim is a san francisco city supervisor. jeff bernstein, president of the association for advancing automation. thank you for being with us. incredibly interesting story. jane, you've called robots in automation the biggest challenge to jobs in the fu tax work? >> i think automation's a good thing. but there will be a downside to this technological progress and workers will be left behind. and so the fund that i'm initiating is to help smooth this transition. help workers that are displaced by their jobs, re-educate, retrain. prepare young people for the jobs of the future. and invest in creating meaningful and high-wage jobs in industries that are currently hard to automate, like for example child care workers, which is currently a poverty profession. >> your organization represents automation manufacturers, not the robots themselves. these are the robot builders. bill gates said there should be a robot tax, do you think he has a point? >> no, i don't.

for that we go to aditi roy for an update on that. i, what can you tell us. >> reporter: we're ne winery in napa, now that it's daylight you can see everything just mangled. this is one of refineries destroyed by the fires that list could grow hard hit sonoma, also neighbor, we talked to one owner of a winery that saw his property lost as well. >> our winery, obviously, is devastated, suffered complete loss of both the wine making facility and also our case room and events center. >> he's the owner of paradise rich winery this was leveled he does plan on rebuilding and hopes there won't be long-term crop damage. here in napa, dozens of hotels, restaurants and wineries are closed, not necessarily because they were burned but because of the overall impact of the wildfires. those include names that are very familiar to many, iconic in this area. some of those hotels, meadow wood, carneros, silverado resort and spa and wineries also household names for many who are into drinking wine, behringer, that could have material impact. the institu

let's get to aditi roy in napa. >> reporter: good morning.e are in napa, and it's burned to the ground. all that remains is rubble some of it is still smoldering it's one of four wineries in napa that have been completely destroyed or significantly damaged by these wildfires this list could grow even longer that's not all there's dozens of hotels and wineries that remain closed because the wildfires. these are not places that have suffered damaged but closed because of the impact of the wildfires. if you look at the list of these names, you might recognize many of them. many of them are big, recognizable and posh hotels in the area they include meadowwood, the carneros resort and spa and silverado resort and spa among the wines, hess, opus one, and stags leap those are just some of the wineries affected it's not just napa, there's lots of wineries facing similar challenges in sonoma county where they have seen more of the brunt of the wildfires we caught up with one winemaker who lost his winery, paradise rich winery. he tells us even though

wine country, forcing thousands to evacuate, while destroying hundreds of homes and businesses our aditi roys in santa rosa now with the latest. aditi? >> reporter: hi there, wolf. that's right, this neighborhood has been incredibly affected by these wildfires. it's basically been decimated to the ground take a look behind me. this is a car, it's barely recognizable out this way we're stepping in what was the driveway of a home. this was the garage and take a look back here that's just an empty shell that remains of the front of this home it is a community that's been devastated by these wildfires, fires that have killed ten people and left 20,000 people fleeing for their lives. they have affected nine counties in california, most of them in northern california. and 1,500 homes and businesses have been destroyed. they include those ever-important wineries and hotels in the area that comprise the critical tourism sector here it's an industry that brings in about $50 billion in economic impact in the u.s. every year. some of the big names that have been affected in this area that we know of so

deadline for companies to finish building prototypes for the president's proposed border wall our aditi roylive near the border in otay mesa, california, with the story aditi. >> hi there, john. you can see i'm two miles from the border crossing and the eight prototypes are right here. they are between 18 to 30 feet tall in contrast, take a look at the current existing wall behind me. that's a lot shorter between 8 to 10 feet high and pretty weathered the companies had one month to build their prototypes four of them are made entirely of concrete. the other remaining four have alternative material its like metal. the contractors had a month to put those prototypes together. six companies won the eight contracts. those companies names are w.g. yates and sons, elta north america, fisher sand and gravel company, texas sterling, kwr and caddell. we got an up close look at the existing wall and noticed plenty of holes where the breaches have occurred officials say a taller wall will prevent more people from crossing i also got a walking tour of the prototypes with the customs and border patrol o

our aditi roy has been listening in to that one and has some of the recent developments ch what have we heard >> we have been sitting in on this hearing it's still under way right now with former equifax ceo richard smith getting grilled by 23 lawmakers on this house subcommittee here's what we've learned so far. when smith was questioned about why it took the company 40 days to notify the public about the breach, he said initially they didn't understand the scope of the breach, initially it was termed as suspicious activity and they didn't know the scope and breadth and depth of what had happened also he was asked about the stock sales of the three equifax executives, including the company's ceo. after the breach was discovered, the company maintained the executives didn't know about the breach when they made the sales. during this hearing he did confirm that the company's general counsel did have to sign off on those stock sales, so a little tidbit there, and finally richard smith did start off his testimony with an apology, saying that as ceo he's the one who is ultimately respons

the wall and trying to dig under and drive through it and making sure it is secure as possible >> aditi royeresting stuff, great video in a few minutes, the president is expected to speak about the opioid crisis and he's expected to declare a national health emergency wechl bri emergency, we'll bring you remarks when it began. we'll speak with an opioid attic, how bad is the problem on wall street? stick around unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. >>> after months of promising to combat the epidemic, president trump is now expected to declare a public health emergency. the president minutes away from the announcement we'll carry it to you live as soon as it begins. joining us now to discuss the issue is trey larry, a recovery opioid attic he opened up the lighthouse facility, trey, we appreciate you coming on and showing a little bit of your story and what

> let's look, paypal sort of fits into this whole discussion here their earnings are finally out aditi roybers now. aditi? >> reporter: hi, kelly those shares are surging 5.5% right now upon some strong earnings numbers. it was a beat on both the tom and bottom lines revenues coming in at $3.24 billion versus expectations of $3.17 billio $3.17 billion. it is the tenth quarter out of ten quarters that the company has beat or met expectations on eps since it became a standalone company and on revenue, it's beat expect tigs ations nine oun times since it spun off from ebay another important metric, net new active accounts, 219 million. the company saying that's up 90% from year every year part of that growth also was a beat on expectations, by the way. part of the growth coming from mobile payments, continues to drive growth up 54% to $40 billion in the quarter also venmo added more net new active users in h this quarter than any other quarter before. speaking of venmo, the company just announced this week it would be expanding venmo to u.s. retailers, 2 million of them expect to hear more co

grow 170,000 acres burning, 70 people are confirmed dead and 3500 structures have been destroyed aditi royve in napa with more >> reporter: we are standing in front of one of those 3500 structures this is a winery here in napa. it has been leveled. the rubble is all that remains here it is one of five wineries that have been destroyed or damaged by the wildfires that list could grow even longer as there have been more evacuations overnight. across napa, dozens of rest t r restaurants and wineries remain closed if you look at the list, you might notice a lot of familiar and iconic names here in the napa valley like the meadowwood resort as well as carnaros resort and spa and silverado among the wineries, you could also notice familiar names like bearingger all of this having a big impact on the tourism economy this is a very popular time of year for people to travel to napa the wine institute says that california's wine industry generated $114 billion in economic impact in the u.s. last year alone we talked to a winemaker in sonoma >> this threw a little bit of a curveball in our model we h

our aditi roy is live in napa with the latest for us edyta, good morning. >> good morning to you, sarawinery in napa you can see it is burned to the ground all that remains is mangled metal here and rubble. this is one of four wineries in napa that have either been completely destroyed or significantly damaged by the fires. that list could grow even as i speak, in the last few hours, there have been new evacuations in nearby calistoga, and around napa, dozens of hotels, restaurants, and wineries remain closed because of the impact of the wildfires. not necessarily because they're burnt, though. if you look at the list, you may recognize many of these brands they are iconic brands in napa they include hotels like the meadowwood, the car narrose resort and spa and the silverado resort and spa just to name a few, and that could obviously have a material economic impact, especially on tourism in this area last year, tourists spent close to $2 billion in napa alone. and in neighboring snoema, wine makers are facing their own challenges we caught up yesterday with paradise ridge owner his wi

highlights of the wells fargo hearing, about millions of unauthorized accounts opened by that company and aditi roy has the latest on the ex-equifax's ceo, the attack that compromised the data after more than 145 million milliamericans. aditi, start us off. >> reporter: former equifax ceo richard smith was grilled for close to three hours by about two dozen lawmakers. as he headed out of the hearing, i asked him about the breach he remained tight lipped eped a walked past our cameras. gave an eight page remark before he began the remarks with an apology. >> the ceo, i'm ultimately responsible and i take full responsibility i'm here to say to each and every person affected by this breach, i'm truly and deeply sorry for what happened. i've talked to many consumers. identi i've read your letters equifax is committed to make it whole for you. >> reporter: smith also told the subcommittee it took the company 40 days to notify the public about the breach because at first, the company only noticed suspicious activity and that it took weeks to understand the depth and breadth of the breach. he also said it

the hearing has just wrapped up down in washington and the aditi roy is live on capitol hill. >> reporterjust moments ago that hearing just wrapped up and former equifax ceo richard smith walked out of here. we triefd asking him questions several times but he just remained tight lipped as he walked through this corridor outside. would not answer any of my questions, a company spokesperson told us to refer those questions to the company. he faced a tough grilling this morning from up to two dozen lawmakers on this house subcommittee. he began his remarks with an apology. >> the ceo, i'm ultimately responsible and i take full responsibility. i'm here today to say to each and every person effected by this breach, i'm truly and deeply sorry for what happened. i've talked to many consumers, i've read your letters. and equifax is committed to make it whole for you. >> reporter: smith also told the subcommittee that the reason it took them 40 days to notify the public about the breach is that at first they didn't understand the scope of what had happened, that it took weeks for them to investiga

aditi roy we'll see how many other vennyards may have been damaged. >>> 20th century view of a prosperousage. in the 21st century, it might be two apple product in every home. coming up the surprising data on how pervasive apple is in american households. >>> and harvey weinstein is gone, fired as the head of his own company in the wake of sexual harassment charges. the mini studio is said to be mulling a name change to distance itself from its infamous cfodeo-unr. will that be enough to save it from hollywood oblivion? that discussion is next. helping keep shoppers safe. this is a financial transaction secure from hacks and threats others can't see. this is a skyscraper whose elevators use iot data and ai to help thousands get to work safely and efficiently. this is not the cloud you know. this is the ibm cloud. the ibm cloud is the cloud for business. yours. ♪ ♪ so that's the idea. what do you think? hate to play devil's advocate but... i kind of feel like it's a game changer. i wouldn't go that far. are you there? he's probably on mute. yeah... gary won't like it. why? because he's gar

. >>> let's get back to the hearings on the hill today, our aditi roy is monitoring the former ceo oftting ready to testify before house energy and commerce. willford frost keeping an eye on at the senate banking. >> this hearing is about to get under way in the room next to me as we hear for the first time from former equifax ceo richard smith as he begins the first three of days of congressional testimony from lawmakers, from both the house and the senate. he arrived here just moments ago, you can see him sitting in the hot seat right now, getting ready to answer those questions from 23 lawmakers today on this subcommittee, the house subcommittee on digital, commerce and consumer protection, who will be asking him the questions on a variety of topics today. he did arrive here moments ago getting ready to address a variety of topics, ranging from how this breach happened in the first place, why it took the company 40 days to notify the public about it, and also those stock sales by three company executives shortly after the breach was discovered. we also have taken a sneak peek at th

aditi roy has that. >> reporter: the shares slipping almost 3.5%.omes in it line with expectations at $1.18 billion. the eps, the company is reporting a gap loss of 7 cents a share. here's the complicating factor it's too hard to know how that compares to estimates which were in a non-gap formate basically not an apples to apples comparison. the full-year guidance coming in a little birth light at $1.15 billion versus $5.2 billion. not sure whether that's the factor, though, that is driving shares down. down 3% right now. another really important factor, metric, that analysts are looking at are digital downloads. digital net revenue. that number is $689 million. that is a key metric because more and more people are getting their downloads or getting their games by digital downloads and that's helping the company with its gross margins because they're not spending as much on packaging. it's, again, a key metric. on the call, we'll look to get any color on their product pipeline, especially their recent announcement that there they' will be an indefin

. >> it's tragic thank you, aditi roy in napa >>> not even two major price cuts have helped the oculusm. with growth slowing in the vr market, can facebook's mark zuckerberg save the device we'll ask next >>> one famed tech investor will tell us what he says is the best onhtn play apple, tig o "fast money. dan niles will join the crew not rebalancing your portfolio. focused on what you love, not how your money will last through retirement. we make it easier to plan for retirement with day one target date funds from prudential. look forward to your 401k plan. >>> mark zuckerberg taking the stage at facebook's annual ok ocul ocul oculus connect event julia boorstin has the highlights >> reporter: mark zuckerberg didn't comment on his tone deafness last week he's focusing on get 1 billion people into vr >> oculus is the most accessible vr experience ever it's an all in one headset it's great for playing games, watching movies, and hanging out with friends and the price is only $199 >> reporter: this year has been peppered with headlines questioning oculus's traction. e-marketers say growt