decentralization was india and china is looking at hyper convergence like hyper ecosystem this like amazon google and you know what they've said all rolled into one and that's that's just the beginning because the way they look at it is they have extraordinary scarce resources and they have to compete with the silicon valley goliath the high going to do that right and this is a strategy which by the china has already shown works. you set out to bust a lot of myths and one of them has to do with a person's relationship to privacy in developing countries tell us a little bit more. of course now we are now obsessed about privacy and rightfully so because we are putting ourselves in particular areas situations and so the media discourse is constantly covering privacy but i am trying to emphasize another story which is really important to these next 1000000000 users who are disproportionately low income and have been invisible for the most part for decades right i would generations by the state and the market because they were not market to the one being data fights and now they get it at last a chanc

connected society with all of these devices and every home and office how can companies like amazon and google put these devices out that are susceptible to these types of attacks. so i think that it's a really really hard problem because if you think about it there's almost infinite ways to attack and test these devices and it's really hard for someone like oh google or amazon to to speed every single one of these i mean human creativity is kind of infinite so pointing laser pointers at it or flashing numbers at it i mean these are just part of the development of technology i think for us to expect that these things will go out perfect is not realistic that said when we see these starts of vulnerabilities pop up we should expect to see them fixed fairly quickly now there's a whole other line along that too which is that behind these things are invariably artificial intelligence and artificial intelligence is still quite brittle so still fairly easy to fool in a lot of ways but on that point that you just made there i mean artificial intelligence is all new obviously we can't like you said exp

way this includes google home amazon's alexa or apple's siri devices all by simply shining laser pointers and even flashlights at the devices microphones the researchers even opened a garage door by shining a laser beam at a voice assistant that was connected to it a recent report shows at least 26.6 percent of u.s. households own at least one smart speaker and there's a lot to go over here so we've actually enjoyed invited author and tech executive alex to answer some of our questions welcome alex. hi thanks for having me on 1st off what's happening here with the vulnerabilities in these vices voice assistance . so it's actually part of a long running pattern of people testing out things that are popular you can go way back to the day when you had people using captain crunch whistles to essentially tweak a call phone booths to get free long distance calls now it's a little more industrialized where's the research teams are checking to see ok does this new device work does it not how can i crack it because all of these pieces are actually really critical to our overall security as a socie

charles: amazon google executives facing a house panel how big tech is impacting small businesses. digital platforms have helped small business obviously reach and serve new customers. there is a lot of concern how the internet giants are hurting these smaller businesses. hillary vaughn, on capitol hill with the latest. hillary? >> this hearing is just starting right now. one of the first things that the chairman of the house small business committee said was that it is concerning that amazon has essentially, what she calls a large share of e-commerce sales, over 50% on amazon. that google has about 90% of, essentially a monopoly over internet searches that occur online. so that is why she is asked for representatives from these two companies to show up today, to talk about how their platforms are shaping. in a lot of ways, making it challenging for start-ups and small businesses and how they are using their wealth of data to benefit themselves. amazon in particular has faced scrutiny from lawmakers on capitol hill, asking how they use the sales data prop up benefit their own produ

brought bring this up they're going to think that's represented by just really a few companies amazon apple google facebook but really what we've seen over the past 2 or 3 years especially is an incredible surge in the number of companies that are getting into the space right exactly so we have this represent coming in every single sector that is somehow overlapping with tech so for example in healthcare we have we have med tech and we have biotech both making great progress and in advancing like minimally invasive surgeries and then even from things like agriculture you have ag tech there are now making it possible to. deliver nutrients and fertilizers to and do soil readings things that we have never seen before and furthermore with the entire retail and shopping space we now have cloud data computing and artificial intelligence now driving marketing is driving a lot of things but some of these tech stocks let me to be the debbie downer here for a 2nd some of these tech stocks it feels like are a little bit artificial in that everybody calls themselves tech companies now i think of we were right

today, you were talking about the big four, facebook, amazon, apple, google, pushing back. what did we learn about what those tech companies are saying? ben: one of the most fascinating things that i saw in these documents is amazon basically conceding that it does demote third-party merchants if they are offering lower prices on other retail e-commerce portals like walmart, ebay, etsy. that is something, when i talked to antitrust experts, that they say the ftc will want to dig into that and see if amazon is using pricing power. somewhat of an important admission. i think it is important that they say, the reason we do that is that we offer our customers the lowest prices, and there is no competition or antitrust concern. they are offering a robust defense, but i think it was an interesting concession from the company. taylor: thank you for joining us. coming up, a lump of coal for investor stockings. the retailer gets a bad forecast despite the partnership with amazon. if you like bloomberg news, check us out on the radio, the bloomberg app, bloomberg.com, and in the u.s.,

questions of whether i'll be able to download it from amazon. >> we have deals with amazon, apple, microsoft, lg, googlemazon being the latest one. >> let's broaden the conversation looking at the earnings of disney, that income has fallen to $1.1 billion from $2.3 billion that is said to be because of all that they are vesting. >> this is arguably the biggest moment for disney as a corporation in the 21st century. it is really a case of the medium companying becoming a tech company this is a direct reversal of netflix's decision to vest in original content >> so media trying to take on tech, what is the advantage they have you would think it is content. disney already has hours and hours of content is that their edge here? >> undoubtedly the robust library is a big factor. they are going to market with thousands of hours of proven market i reference netflix because they are the leaders. the challenge which netflix have to aspire to and what disney have already achieved is disney is now in a position to weaponize that fan relation. we do a lot of thinking around fandom in an on demand digital environmen

many have been in touch. 0ne person says "i hate talking to inanimate objects, anyone who allows amazon, google" another says "not100% convinced ai is the way to go. these fraudsters get your information from your rubbish by hacking your phones, pcs, imagine the information they can steal when they hack into your home via such devices as alexa. " i will be back with the top business stories in just a moment. don't be fooled by sunday's sunshine. there's more rain on the way this week, and to areas that really don't want any more. this is how thejet stream's looking this week. it's taking aim at the uk. taking areas of low pressure further south across the but it's how it is looking this week. more low pressure being carried towards us at times, the uk is on the northern side of the uk is on the northern side of the jetstream, that is the cold side. so this weather pattern this week means there will be further spells of rain, sunny moments as well, some hills know, windy around the low pressure and we are cold with some frost occasionally overnight. this is how we are starting the new week with

you've amazing companies issues names change, at&t, ge, i'm today is google, amazon and apple. look in compared to innovation in compared to what they're doing. and it seems to have more on the economy than today. and it's slightly overrated. on the other hand it is clear they do have positions in key markets and they create issues. >> what needs to be done, breakup companies, should they break up companies with mergers and disaggregate the market? >> they need due to something going forward and undoing a merger is like on scribbling eggs. unfortunately that will take a lot of time. >> you pointed out in the book that's what they did with at&t and that led to a portion of competition so breaking up companies is tough, possibly but tough. >> it's usual even if you don't succeed. you don't want to be too tough, it's a very bad system if the regulator will only prosecute but there sure to win. how they will fail and it's okay. and you think that this will get and you should try. at the end of the day it might not be enough but you should try. >> what else can be done to use more c

you mentioned facebook, apple, amazon and google. not long ago it used to be facebook, apple, amazon, netflix and google. and now netflix faces almost unlimited competition. within the last two weeks we saw the launch of disney plus, and that is because government has kept a light-touch regulatory framework to the streaming sector, the streaming part of the big tech economy. and now we have seen a lot of new market entrants. to the extent they have outside power in these companies have grown too large, the companies of grown large because they provide services consumers find valuable. nobody's putting a gun to anybody's head saying you have to use facebook, apple products, and another part i would like to challenge mr. yang on is this idea of rights. these companies have rights as well. and these companies, government doesn't assign or create rights. government is limited. we have inalienable rights and the government power to regulate those is limited. so when you talk about these companies regulating speech are things like that, wha

control over major popular smart home devices 200 million are expected to be in use this year amazon and google did not deny the flaw, telling nbc news they prioritize security for users and reviewing the research apple declined to comment. >> if you have a smart speaker at home, what's the first thing you should do? >> first, move it away from the window look at the privacy settings and security settings and understand if there is ways to narrow the scope of what it collects, what it sends and the things that you can do with it. >> reporter: new security flaws making consumers think twice jo ling kent, nbc news, los >>> there is new fallout after the ceo of mcdonald's was fired after a consensual relationship with an employee one day after the ceo was ousted, there is word that the fast food giant's human resources executive also left the company. >>> this was a historic day for hundreds of inmates in oklahoma. non-violent offenders freed in whatelison release in u.s. history. ron mott with the story now. >> reporter: moving day in oklahoma in more ways than one hundreds of state prisoners wal

you have facebook, google, amazon. you talk about app stores, google and apple having these really dominant app stores. it is tough to say who is being harmed in what way but those are the ultimate questions we are looking at. taylor: i was looking at another story about google and facebook donating to privacy groups and think tanks, and this kind of extends their reach beyond just traditional lobbyists. lobbying, we understand, sort of a normal course of business. how much does it concern you now that you see big donations from facebook, google, and the like, to these privacy advocacy groups, think tanks, that in some ways appeared to be neutral? ben: i think that is exactly the point. this is nontraditional lobbying. this is about shaping the narrative, shaping the conversation as it goes to the public, but also as it sort of appears to the washington class among supporters, staff, lawmakers. it is always the concern, going talk about, a balanced is this, who is presenting, do we know their biases? it is always a par

the top five stocks, you guessed it, microsoft, amazon, facebook, ali baba and google. they've been at the top of the vip basket three and a half years. amazon facebook and google are just 5% of holdings on the long side joining us now, founder and president. i'm not going to ask you to comment on that report other than when i see every single hedge fund is buying the same three, four, five stocks that are the top 30 or 40%, i wonder what happens if and when those stocks begin to get sold >> there is a lot of momentum going into the same names. some of that is justified. we've had a lot of good news, microsoft winning the cloud contract a lot of momentum in facebook. we've been positive on tech. i think we are seeing the underlying and residual effects of that huge tax bill into the economy. the fed has taken itself out of the game this group of events is driving the stock. >> is there any concern that this overcrowding. that is a word goldman sach used if and when they start to get sold it would make sense that people would finally realize these stocks would be overvalu

were going to do through the buying amazon a lecture or a google hold for your house you were going tochoose to buy an amazon along. or a google hole for your house you personal decision to say after you do your privacy but somebody's personal decision to say after you do your privacy but some americans are being forced to bound to the whims of smart home devices or find them are being forced to bound to the whims of smart home devices or find themselves homeless for more on this we go to our truth that we would do. selves homeless for more on this we go to a truth that we would do. over the past decade we've been getting dumber by watching. over the past decade we've been getting dumber by watching smart things like this smartphone or this smart t.v. smart things like this smartphone or this smart t.v. this smart guy or this smart ass and now we're going to have a use of this smart guy or this smart ass and now we're going to have a use of privacy the fission smart home devices like amazon's alexa or google home to that list right to see the fish and smart home devices like amazon's a

it's amazon, google, american express and also things like paypal and tesla sort of a mixture of high quali quality. >> uncovered some gems there, tom. thank you. >> where are the industrials at? >> where are the cyclicals within that? >> there are cyclicals american express and, you know, it's -- >> you have amazon you have the google. you have tesla you've got a growth stock portfolio. invidia. nothing that lines up with the three sectors that showed up on the screen >> this, yeah. i mean, it's quality cyclicals i still have to see the next seven weeks look before we think about 2020 and how boomy it is but i like that list >> you think he is too optimi optimistic for 2020? you don't have a price target. >> seven weeks, but i think i'm kind of worried that we're borrowing from the first half. i think that's why we finished the year strong. i think people are repositioning. i'm trying to debate how the full year looks, but, you know, i think the next two years look good but hard to say what next year looks like >> don't you have to know who the presidential frontrunner is? >> there's

researchers discovering amazon's alexa, apple's siri and google home can be hacked by laser pointerslights >> okay, opening >> the light is impersonating "the voice" of a person. >> reporter: scientists from the university of michigan say by mimicking sound waves, they were able to hijack "the voice" controlled assistant opening garage doors and front doors linked to the smart speakers by shining a laser at the devices. >> we need to be aware that these voice-control assistants are not just listening to us >> reporter: they can control a google home device from as far away as the length of a football field. >> a smart teenager with a thousand dollars spare in their basement might be able to pull this off >> reporter: in fact, researchers said they could obtain full control over many popular smart home devices 200 million are expected to be in use by the end of this year both amazon and google did not deny the flaw, telling nbc news they prioritize security for users and are reviewing the research apple declined to comment. >> if you have a smart speaker at home, what's the first thin

google and amazon did not deny the flaw. they say they're reviewing the research. one expert recommends making sure your device is not near a window, and they say check the settings to limit what your device can do. >>> an urgent manhunt is under way for two murder suspects who escaped from a jail in monterey, california. authorities say the men got away by climbing through a 22-inch hole in the ceiling of a bathroom. then they snuck through the inner walls using an 11-inch crawl space. police say the men should be considered dangerous. >>> a man who saved a stranger from an oncoming subway train says he only did what everyone should do. bay area transit worker john o'connor is being called a humble hero. he jumped into action sunday when a man fell onto the tracks after an oakland raiders football game. o'connor lifted the man to safety just in time. but he says he's no hero. >> police, fire, military, you got heroes on a daily basis. it really feels awkward to be called a hero because that's what we're supposed to do. and life is precious so thank god he gets to

increasing push right to really resolve the texas tech giants we're talking about facebook and amazon apple google part of the reason for that though is because of the way these companies shift profits around the world in order to minimize their tax bills correct yes absolutely in fact it's so common that it's actually known as double irish dutch sandwich. for the fine so what they do and google is a good example of what they've done actually is they set up a subsidiary in the netherlands right so that's the dutch part of the sandwich but the double irish is then they send some of those revenues go to through an irish google island subsidiary which then has an affiliate in bermuda where there's no taxation now this is 100 percent legal google has said well we pay 2726 percent taxes worldwide and it's legal 100 percent correct it is 100 percent legal 26 percent taxes overall how well it actually comes down to a single digit rate when you look at how they have been taxing those offshore accounts because if you look at the no tax none of the taxes from the sort of maneuver that i just mentioned overa

with amazon and google side-by-side, they are switching roles, where advertising will come at the forefrontzon going forward is a cloud business faces large numbers while google will start showing results on the cloud front. you will see this dynamic play out, which really plays well for both companies. we think the market is going at clip. healthy there is enough room for the three of them to enjoy good clip. there is enough room for the three of them to enjoy good growth. disclosure on both companies, c. there is enough room for the three of them to enjoy good growth. disclosure on both companies, advertising on amazon and potentially cloud on google, is what could make it more exciting. taylor: you had a good no on this that ad revenue had accelerated in 2018, had a bit of a slowdown or moderating of -- in 2019. 2019 are there still pockets of worry? >> -- to offset any slowdown that we see in growth in general would continue. because they are market share leaders, because it searches in many ways amateur business. there is -- a much are business -- mature business. taylor: i mentioned t

amazon, google, these giant companies that are paying near zero in taxes.hat is where we will get the money to put these dividends into our hands and what it actually spread the benefits of all of this technological and innovation in some parts of the economy to us, the owners and shareholders of the country. >> shannon: you will have some convincing to do, people who would like to keep that in their own families, but that is why your campaign continues. people seem to love you. you are adding a very different angle to these conversations that are very important. we will see you on the campaign trail. andrew yang, thank you. >> i appreciate that, shannon. >> shannon: back in a moment with more from the spin room. special coverage continues. >> shannon: back to atlanta where correspondent peter doocy is working this been reimposed debate and he snagged an interview of somebody who criticized someone else for being on fox tonight but you got her to do it, peter, kudos. >> we did. for the first time in any of the spin rooms, we just tossed to senator kamala ha

amazon, google and microsoft wants to expand into the cloud and health care is one of the biggest places it. >> brett: thank you. we are getting ready for the rest of a big week with the impeachment inquiry hearings, public hearing starting tomorrow morning. fox news has you covered wall-to-wall with all of that coverage. bill hemmer and sandra smith. i will be on that panel. tonight at 6:00 p.m., we will have the latest on the campaign trail and that surprising poll out of iowa. markets are about to close. that means "your world" with neil cavuto is next. >> neil: impeachment on and the president going all out. not to talk about the hearings that kick off tomorrow but choosing instead to focus on an economy he says is kicking butt today. >> president trump: 2 million prime age americans have come off the sidelines already. people that we thought maybe would never work again. they fully rejoined the labor force. i think we are very proud of. [applause] >> neil: welcome everybody. i am neil cavuto. impeachment front and center tomorrow. the democrats laying out the ground rules for

the trillion dollar tech companies sucking up more value, amazon, google, facebook, uber and these giantompanies paying out 0 orders 0 in taxes. that's where we are going to get the money to put the dividend in and let it spread the benefits of all of this technological innovation in some parts of the economy to us, the owners and shareholders of this country. shannon: you will have some convincing to do with people, that is why your campaign continues, people seem to love you and you are having a great time out there while adding a different edge to these conversations, we will see you on the campaign trail, thank you. >> thank you. shannon: we are back in a moment with more from the spin room, special debate coverage to use. we made usaa insurance for members like kate. a former army medic, made of the flexibility to handle whatever monday has in store and tackle four things at once. so when her car got hit, she didn't worry. she simply filed a claim on her usaa app and said... i got this. usaa insurance is made the way kate needs it - easy. she can even pick her payment plan so it's e

. >> people in washington, d.c., new york and houston reported long travel times, spend amazon and google hour or more getting into the office. brandy says the stress of a long commute can make workers less productive on the job. >> it's worthwhile for employees to ask about a different schedule and modifying their working from home from time to time. the market is competitive for employees. >> she tries to tackle work before tackling traffic. >> i try to do some reports before i get to work so the reports i to in the morning are already out. >> that way her difficult commute won't hurt her performance in the office. . >>> uber is taking a hit on the stock market today after the company reported another quarterly loss. at last check uber stock was down more than 8%. the ride sharing service said its latest loss cost $1 billion. the dow is up 62 points. uber promises to turn a profit by 2021. >>> people are aging into homelessness. half of our homeless population is at the age of 50. most of the peers are collecting pensions, this man is collecting cans. he's homeless for the first time in

push right to really resolve taxation in texas tech giants we're talking about facebook and amazon apple google part of the reason for that though is because of the way these companies shift profits around the world in order to minimize their tax bills correct yes absolutely in fact it's so common that it's actually known as double i. have been to make of problems and i believe can be linked to very simple problem. and some dog owners so heartbreaking stories about their pets street the larger corporations are not very interested in proving or disproving the value of their food because they're already making a good $1000000000.00 on it and there's no reason to do that research. the tense situation in venezuela is all over the news the problem in venezuela is not that soche. has been poorly implemented but that socialism has been only implemented inside venezuela things are different we're going to announce sanctions against a troll to venezuela socio. political moment to. get out of that. data to see on the path to the mad moment the focus of the who story isn't new nixon called in henry kissin

where do they go, facebook, amazon, google and a trillion dollar tech companies that are paying zero.ousand dollars a month would've been in the hands of you and your friends and neighbors who need a lower stress level it would mean fewer arguments with your spouse, being able to retire with dignity. it would mean not having to choose between car repairs and new clothing for your kids. it's not about the money but it's about what it means to us. i've been getting a thousand dollars a month to families for a number of months now. i recommend it. one of them is here tonight who lives in iowa falls. thank you, kyle. so he lives in iowa falls with his mom is recovering from cancer. when i saw kyle on my last trip he said he'd taken care of some bills and was playing shows for the first time in years. it was a guitar in for jodi it was car repairs to visit her daughter, mallory in florida it was going back to school at the age of 68. this is what the freedom to spend would mean for us in real life and the reason you can make the reality like this because it is your power and your power alo

amazon. netflix and google why because the it's the the french have of course they have no way hennessy they have louisville on the way hennessy the l v m h and that's then they derive huge amount of taxes that says luxury global company from. hennessy and louis vuitton so they don't want it and also the dutch don't want it because of all the subsidiaries there so you've got 2 countries pushing back instantly and that's why the study comes out of france and says that you know the dutch don't want you to mess with their double dutch saying what you really really call it let's shift gears just a little bit here so there's a german bank that has made headlines with a negative interest rate say this again of interest rate on saving right from the very 1st euro sind adding fuel to the fire of the euro p. and central banks you know euro zone. deal here so yes are we expecting to see this . go to other places that you create a savings account with a negative interest rate and if so where would this be and who would be involved in really adding a little bit of comic levity that you would worley i'd

amazon and google didn't deny the flaw but says they're reviewing the research >>> as we do extensive reporting on the housing crisis, apple is pledging more than 2 billion to address the issue. it will be distributed over two years and support middle and low income housing. 1 billion to an investment fund and another billion is helping first-time buyers with loans. >>> and a potential landmark moment in the fight to end online hate speech. mark zuckerberg invitaled kara to his home. the topic, to move muslim hate speech from its facebook. >>> up next historic night inside the chase center. shouldn't they go to prison for as long as the law allows? chesa boudin said he wouldn't seek maximum sentences as district attorney, even for murder. we are a progressive city, but letting violent criminals off early endangers everyone. ad paid for by san francisco police officers association. not authorized by a candidate or committee controlled by a candidate. disclosures at sfethics.org. in the human brain, billions of nefor people with parkinson's, some neurons change their tune, causing uncon

there are times when chinese consumers -- i think you can look at the challenges a company like amazon or googleas had in china, and part of it, at least, relates to formidable local competitors that moved in some ways in a different direction to meet the pace of chinese users. tom: there's a lot of looking at the rise of chinese populism, areas where leaders are playing on xenophobia. what gives you hope that in an era like that, we can achieve the kinds of cooperation that are going to be needed to achieve these changes? brad: the thing that gives me hope, as we describe here, are the shoots coming out of the ground, the progress we are making in certain areas. cybersecurity is certainly one of them. we champion this as a company. we believe that we have to bring thele together to protect cybersecurity of countries around the world, to protect our democracies from cyberattacks. tom: i want to bring things a little closer to home. we are in an area where we are seeing increasing activism on the part of tech employees, who for many years, traditionally, not always, have really kind of gone along

brought bring this up they're going to think that's represented by just really a few companies amazon apple google facebook but really what we've seen over the past 2 or 3 years especially is an incredible surge in the number of companies that are getting into the space right exactly so we have this represent coming in from every single sector that is somehow overlapping with tech so for example in healthcare we have we have med tech and we have biotech both making great progress and in advancing like minimally invasive surgeries and then even from things like agriculture you have ag tech there are now making it possible to to deliver nutrients and fertilizers to and do slow reading things that we have never seen before and furthermore with the entire retail and shopping space we now have data computing and our passion talent is now driving marketing is driving a lot of things but some of these tech stocks let me tell you be the debbie downer here for a 2nd some of these tech stocks it feels like are a little bit artificial in that everybody calls themselves tech companies. no i think of we work f