you find to run a relatively young companies names like amazon google apple topping the list if you look into germany most of the top five of the german economy were founded before one thousand nine hundred sixty out of the docks by an upstart i think in some ways certainly gearhart i mean this is one of the docs originals leaving the docks and this is obviously digitally based company or a company that is focused on digital solutions here. at the same time i think it's long fair to say that it's comparable to an amazon an apple or google these are massive corporations in the u.s. where there is a much more active tech financing scene and they are true disrupters if you want to use that cliche i mean they've made things that are completely changing revolutionizing systems why are card has found a very lucrative market in payment systems in the way we are going more cashless very nice that's right very nice but it's the upside is massive and so it will do well and that's why it's up in this position is because of the optimism behind it but what does that mean for combat spog and also for

you find names like amazon google apple topping the list if you look at germany most of the top five were founded before one thousand nine hundred so could this be a watershed moment that's what i want to discuss with fin tech correspondent stephen busy stephen what does that move mean focal mass for me kicked out by technology stocks. i mean you know is this a watershed moment for it is that's what it means for them it's definitely a sign or sort of a formal indication of what a lot of investors are already known which is that they were in trouble and there was not a lot of positivity around them. is it comparable necessarily to an amazon apple these are sort of purely online real tech companies that have disrupted something completely i think you can argue with why are card it's really found a terrific sort of market in terms of digital payments online payments and the upside is huge and so but it's not necessarily the perfect template for a lot of other german businesses you do see in the tech sector for example more biotech more can text a lot of firms that are manufacturing thin

you find relatively young names like amazon google apple topping the list but if you look at germany most of the top five founded before one thousand nine hundred eighty is german industry the german economy really ready for the change that seems to be coming. that's a big worry here in germany and it is a big discussion the chancellor was here at the stock market yesterday and she talked about digitalisation and so did the other speakers it's necessary to get more drive into that here in this country but you know it's hard to change horses in mid swing if you will because germany has been so successful in industry over the past centuries over the past decades and many people say today's strengths are tomorrow's weaknesses germany has to get going on. digitalize in everything from from cars to machines it's on the way but it seems when you look at the united states there's a big black leg there a long way to go for the german business thank you very much willie barton frankfurt. for take it or leave it that's was donald trump told the canadians in the latest round of nafta trade nego

you find relatively young companies names like amazon google apple topping the list if you look into germany most of the top five of the german economy were founded before one thousand nine hundred plus didn't because he's been a tech correspondent here at d w let's let's talk about that stephen is this a watershed moment with comments on being kicked out of the docks by a stasi i think in some ways certainly gearhart i mean this is one of the docks originals leaving the docks and this is obviously digitally based company or a company that is focused on digital solutions here. at the same time i think it's long fair to say that it's comparable to an amazon and apple google these are massive corporations in the u.s. where there is a much more active tech financing scene and they are true disrupters if you want to use that cliche i mean they've made things that are completely changing revolutionizing systems wired hard has found a very lucrative market in payment systems in the way we are going more cashless is very nice that's right very nice but it's the upside is massive and so it w

makes it so complex to be a public company they cannot really do it but to be absorbed with amazon or google or apple. so they all chewed the unicorn the private companies that would have gone public routinely better now in the offices and as a result there has been a steady shrinkage of the stock market. a 90%% drop in the number of initial public offerings and with those ipos china has more than we do and with that venture capital. it is a crisis of the entrepreneurial economy. the solution is we get a new economy. and that privacy and with your own data. >> but your last book was about that coin. >> i am still if he and. i am a big fan of the technology. and a fan of the cryptographic revolution instigated revolution instigated t3 contributed to the crisis and they will have to laws of the model to carry the currency forward a substitute for gold. and then turns out that bitcoin lacks crucial dimensions that gold does not have a cap. when you lose gold it is there but if you lose that private key and it is gone forever. there are various flaws that make it the inadequate replacement for gold and t

. >>> and big tech meet big government amazon, apple, google taking the stand on data issues what theyre saying about your privacy next ng] need a change of scenery? the kayak price forecast tool tells you whether to wait or book your flight now. so you can be confident you're getting the best price. giddyup! kayak. search one and done. [kno♪king] ♪ memories. what we deliver by delivering. . >>> all right. good morning sun not up yet, new york the city that never sleeps things are always busy it's time for a "worldwide exchange" special look at costs. yesterday we talked about how consumer confidence was just up here, 18-year high well, it's not all wine and roses. there is some concern that higher costs will slow down the american economy it's not just tariffs. look at this comparison to one year ago one year ago gas prices, 2.57 a gallon up 10% to 2.87 now pump prices are at a four-year high on a seasonally adjusted basis. and if oil keeps going up, the average price of gasoline will go up as well. remember you use about 600 gallons of gasoline on average. if prices go up 50 cents, a

executives from amazon, google, twitter and apple were invited to appear. they want to know what each tech company is doing to protect consumer privacy. consumer and advocacy groups were not invited. >>> time for a check on the weather. another spare the air day. >> a second day in a row. with the air-quality unhealthy for the east bay and south bay. let's take you out to the south bay. you can see hazy sunshine. watching the temperatures rise. 80 in concord. 80 in livermore. 66 in seven cisco. -- san francisco. the air-quality unhealthy for the east bay and south bay looking at moderate air-quality conditions everywhere else across the bay area. the big weather story, the microclimates. the big temperature span. from ocean beach to concord, about 40 miles, the temperature spread is 38 degrees. from cool additions to the coast, really heating up inland. today the warmest day out of the week. a high pressure in place with the clockwise flow. we are looking at offshore winds and that is a dominant weather feature for inland communities helping them to warm up

executives from six major internet companies are testifying representing at&t, amazon, apple, google,ter, and charter medications. today's hearing looks at privacy policies of these top technology and medication firms as well as reviews of the current data privacy and will discuss more effective safeguards. in april 2017 president trump scrapped obama-era privacy rules that limited how much broadband providers customer Ãthe consumer information. >>> the google chief executive officer will privately with republican lawmakers who have accused the internet giant of censoring conservative views on its search engine. you will recall that while sandberg and dorsey attended this month's capitol hill meeting about google was noticeably absent. he also plans to return to dc in november and testify before the house judiciary committee following the midterm elections. >>> president trump is expected to focus on iran today when the security council comes for the first time. it after the president blasted leaders from iran calling it a dictatorship and backs his decision to pull out of the iran nu

executives from six major companies including amazon, google, and apple testified today. the amazon official criticized california's privacy law as too broad. it says to tell beyond request. it takes effect in 2020. >>> let's get the data on our weather. warmer inland. >> definitely inland. we have mid to upper 90s there. if you're near the coast, i mean, it's so cool. because the fog has not left as you look at live doppler 7. we're now going to take a look at a live picture. it's a combination of fog down below from sutro tower and high clouds up above. we're under this blanket. in the city it is 60 degrees. 70 degrees in oakland. san francisco already reached the mid-70s. it was definitely warm. in half-moon bay you can feel the chill at 55 degrees. pretty view of filtered sunshine right now. low 80s santa rosa, vacaville. from our roof camera, not a strong breeze along the embarcadero. mild inland at 8:00 p.m. but it is going to be cool at 9:00 p.m. around the coast and bay and cloudier into the overnight hours. we look out towards the bay. a nice looking day. heat hol

amazon, google, apple, twitter, they're all answering questions about privacy policies. says even if there is regulation, it won't hurt the companies. make your case. >> well, absolutely. regulation favors big companies, right? because it stills -- stifles competition from younger companies. these companies produce massive amounts of revenue. the regulation will require what is already happening, which is more disclosure how data is being used. more disclosure about their business practices. i think ultimately it is business as usual, except with smaller companies, harder to compete. stuart: doesn't hurt their business model. they're wildly profitable business model, the kind of regulation being danced around doesn't hurt the basic business, is that act a rat? >> i believe that is accurate. the regulation in europe is about as tough as it gets. i don't see u.s. regulators getting any tougher than that. stuart: that regulation is hurting big tech. it is taking billions of dollars out of their pocket? temporary are for a quarter or so as companies adjust to it. consumers w

. >>> all right, tyler amazon, google, apple and twitter are under scrutiny as the senate holds a hearingdata privacy julia boorstin is monitoring that for us. >> they are questioning executives from at&t, apple, google and twitter as well as charter communications about their data protection practices and how to best craft regulation >> there is a strong desire by both republicans and democrats and by both industry and public interest groups to work in good faith to reach consensus on a national data privacy law that will help consumers and force shady practitioners to clean up their act. >> with general consensus that regulation is inevitable and that federal laws are better for businesses than a patch work of state laws, amazon's representative pushing to avoid the comprehensive approach of california's privacy law set to go into effect in 2020 google saying that complying with new european privacy regulations is a tremendous challenge, that law is similar to that in the u.s. would hurt startups senator klobuchar pushing companies for a 72-hour window for data breach notification most

apple, gogel. amazon those -- those four stocks. >> see what you did there. >> 10% of the s&p 500. >> right. >> and represent a disproportionate amount of s&p. >> microsoft, google, apple, amazon. >> you could utter the four initials today. >> it comes from dan of all people. >> i need to work on the four letters. listen, i think that netflix is not particularly important anymore. facebook could be -- it really ranged bound the balance of the year the four stocks dictate the next step in the market. >> the next week you have jeff sessions has a bunch of head ntsds coming at this sector. it's facebook. it's google. nef a problem with it. amazon will have a problem with process with it. there is no problem with netflix. netflix you can still buy. i grow there but i don't know about the other twitters and this social i think there is going to be a regulatory headwind for the foreseeable future. >> i find it amazing now universally people don't like facebook and they think they have headwinds i'm not pointing fingers at these guys two months ago all we'd say is see how cheap. they are not losing users and now they are focused on the regulatory environment ushtd be a

and we can name perhaps the biggest of all as being facebook, google, amazon, apple, microsoft — i think them the big five. are you saying we should be more concerned about their power than state power? i wouldn't say more concerned. what i would say is we have spent a lot of time over the last 20 or 30 years trying to adjust the way the government supervises government surveillance, the way the courts supervise it. so that actually now, what the government does, at least in the us, and i think probably here in britain as well, is really operate under a very strict set of rules, that thejudges supervise and enforce. what we have not done is anything remotely comparable to that in the private sector. and i'm not saying that we ought to eliminate the private sector's ability to collect and use data, because there are beneficial things, but what i'm saying is we've left it largely unsupervised until relatively recently. we had on this show not long ago a tech guru, a guy called jaron lanier, who for years worked in silicon valley with startups, made quite a lot of money, now writes a great

apple's home kit works well with all of these products. you've got a lot of people competing for the home google is competing, apple is competing, amazon is ing i think long term the race is between apple and google they're incredible, both companies, at software, at ai. i think these products are more and more about software rather than the hardware. it is easy to put out a lot of products it is hard to put out great products that are easy to use. >> interesting that you say apple and google when amazon bought ring. there are services behind these products they have introduced features in their fire os products that allow you to talk to a person to help you figure it out from right there on the screen. why do you put them behind those two leaders? >> i don't think they're behind, i'm saying who is going to win long term. amazon is a retailer, an online retailer that specializes in low price and specialize in fast delivery the history of man kind is that premium companies tend to innovate, tend to have the profit margin to create amazing products you have to separate the volume of products with impact of products i believe that google and

on the hill and the selloff in tech today led by facebook down nearly 3% and amazon and google, apple, facebook, netflix. the names all leading -- >> facebook's been falling for a week and a half. google over 6% in the last 3 days so maybe it's more than that it's just a risk off day in general and even when you look at secondary and tertiary names, workday hammered this is not a company that's sitting in front of senators today so i think the thing that no one is really saying is that the companies that are being asked these questions of what they think their responsibilities are and change the service so that we don't have another influence operation which by the way i don't think you can prevent is that these companies see themselves as supra national meaning this they transcend national borders it is not that they deny they're born in america and have predominantly american workforce employed there it's just that they're building global businesses and the tell for something like that when you read mark zuckerberg talk about the global responsibilities and when you see jack dorsey

they represent at&t, amazon, apple, google, twitter, antarctica medications. is looking into the companies privacy policy as well as reviewing the current state of consumer data privacy and discussing more effective >> i want to make it clear that this is not grant third- party access to user's gmail data. we do however under certain circumstances subject to users setting controls and allow the user to have third party developers to access the data. >> these developers are testifying on how they have new requirements set by california and the european the -- european union. >>> the rate went up from 2 to 2 1/4% and in the statement, they repeatedly described the economy as strong. earlier, we heard from a financial expert that said we should expect at least one more rate increase by the end of the year. >> three quarters of them agree that there will be another increase in december and half agree that in 2019, they will be anywhere from 2 to 4. they will keep raising the rates if they keep seeing inflation higher. right now we are in a raising rate environment

they represent at&t, amazon, apple, google, twitter and the hearing will look at privacy policies with the communication firms and review the current state of consumer privacy and discuss more effective cigars. in april 20 something, resident trump scrapped privacy rules that sought to limit how broadband providers share customer data. >>> a big name in the tech world will head to washington on friday. google chief operating officer will meet privately with republican lawmakers who accuse the giant of censoring conservative views on search engines. twitter and facebook attended the hearing. google was noticeably absent. they plan to return to dc in november and testify following the midterm elections. >>> the police are investigating the latest robbery at that bay area apple store before 1230 yesterday afternoon. 68 people went into the store and they went off with apple products. the police have not said whether they think this is related to recent robberies. emeryville stores have been hit twice in less than a month. >>> san francisco will get the inside look into the similar sewer s

they represent at&t, amazon, apple, google, twitter and charter condition.the hearing looks at privacy policies within firms as well as reviewing the current state of privacy and discuss more effective safeguards. in april 2015, president trump scrapped the privacy rules that sought to limit how broadband providers use and share customer data. >>> one big name in the tech world will head to washington on friday. google officer will meet privately with republican lawmakers to accuse that giant of censoring conservator news views on the search enter. you might recall that the top executives from facebook and twitter attended this happened the >> hearing, google was noticeably absent. they also plan to return to dc in november and testified before the judiciary committee. >>> the president accepted focus on iran. this is for the first time. the session comes a date after the president blasted the writing leaders for a dictatorship. president trump reminded the audience of his decision to pull out of the nuclear deal. the iranian president says that there are sa

i'm long amazon, apple and google they began as trades but are now put into my long-term portfolio. rent stories. apple and google, they're the now. they're making money now they rule the world now. amazon we anticipate that happening, but still trades at a high p & e compared to the others, and low p & e considering what they historically traded at when you break it into three, e those three now it's just all individual stories now any one of those could break and correct and not have reverberations in the overall market >> jim, you are on almost every day on cnbc certainly part of the futures now franchise that happens during the half time report and on the online show as well you talk about how traders approach some of these issues and develop strategies for it. when you look from a trader's perspective at the price action, trading action, volumes of these names, what signals are you looking for that we could see a possible duownturn in the trade or conversely a continuation of the bull run >> it seemed to me before that every time there was risk on, the market seems to act before

they represent at&t, amazon, apple, google and twitter and carter communications. the hearing accepts privacy policies of these firms as well as review that can data the >>> data privacy and discuss more safeguards. >> i want to make it very clear that google does not grant third parties access to users gmail data. we do under certain circumstances subject to settings and controls allow the user to enable third-party developers to access to that data. >> these executives testified how they plan to address security requirements. the google ceo agreed to testify before congress. facebook and twitter executives answered questions about the role and appropriation of fake news during the 2016 campaign. google was absent now, that seo has agreed to take part in the hearing by the end of the year. he is meeting later this week with republican lawmakers have accused them of censoring conservative views online. >>> if it is too warm, especially ellen, do not worry. it will drop after this. >> by the weekend, we are talking about 60s and 70s. you can see temperatures that ar

another 1 per, facebook, amazon, apple, google parent alphabet but also some of the chip makers, what'sehind the recent selling and the hottest sector, gus, good morning. >> good morning, lauren. lauren: why are investors so skittish? >> a number of things going on, came out yesterday and said growth is good but that putin vestors on edge and the second thing is cheryl sandburg and jack dorsey and probably more costs in terms of self-policing. 50% of tech is sold overseas, those things in combination of taking investors back a little bit. lauren: trade and regulations, but have the fundamentals for the companies actually changed? >> no. i'm sorry, i'm getting ahead of myself, business is strong, the stock market is discounting mechanisms so they're looking ahead and you're seeing a slight pullback in terms of what kelly was talking about and that's the first link in the chain in terms of chip segment. lauren: that's the memory stocks, what about the social media stocks, you don't think any of the fundamentals have changed? we have the pew study this week, a quarter of people of all ages

the executives represented at&t, amazon, apple, google, twitter antarctica medications.he privacy policies of the top tech and communication firms as well as review the current state of consumer data privacy and discuseffective safeguards. like i want to make it very clear that google is not granted third-party access to users email data. we do under circumstances -- certain circumstances subject to user settings and controls allow the user to enable third- party app developers to have access to the data. >> b6 executives are testifying and how they plan to address new security requirements set by the california and the european union. >>> none of the executives are household names, one of the most influential figures in the tech industry is also heading to washington. will chief executive officer will meet on friday with public and lawmakers have accused the internet giant censoring conservative views on its search engine. you will recall that sheryl sandberg, and jack dorsey of twitter appeared a congressional hearing earlier this month evolving social media but google

now that amazon and apple and facebook and google are so big, it's hard to imagine them not being sout do you see that in the future? could they fall from the throne? beth: i think you have to assume that. that is an eventuality. hopefully they are thinking about it. hopefully at amazon today, and netflix, pick your company, there are people sitting there going, are we still willing to take the same kind of risks? can we? they are a public traded company with different expectations. i do think especially founder-like companies tend to get a bit more acceptance. i also think, back to your other question, look at these traditional companies who have done reinvention. what big companies do well is culture. you look at some of the challenges. take tesla down the way, culture is a challenge. i think these companies can learn a lot from some of the established companies that that have had to figure out adaptation, get their culture to move. so i think the scale of companies, these newer tech companies can learn a lot from some of the incumbents. emily: which of these new big tech companies

amazon? >> i would say think long term. >> i think the reason that these companies like amazon, apple and google survived was because theyis whole new engine of innovation. >> one of the big motivating factors for us is just creating something that we all want ourselves. >> technology and technology companies became the preeminent force in the business world. something that had started small really started to fulfill its destiny as a major disruptive change across many different industries. >> now with more than a billion searches performed every day plus google images, google maps, google books, google finance, gmail and youtube, the company share of the market is huge. >> when google bought youtube, it was a big deal, especially for a lot of youtubers because up until this point you were just making stuff for fun. there was no option or even in our heads like a possibility to make money from it. >> it's no secret that americans love to watch videos on the internet. but who knew you could get rich making them? >> with google's power behind it, youtube was able to grow in a way the startup never could. >> youtube's now s

regulators or chinese regulators right now the biggest companies in the world are facebook, google, amazon, applethey are big because they have ecosystems that control user data, they put that user data on clouds they own, so no other competitors can get access to that data, then they control the user interface, the facebook application or whatsapp or instagram or whatever it is. in the future regulators may start to say that data doesn't belong to facebook, it belongs to the user. so the user should control who has rights to that and that will give rise to decentralized apps instead of a strong ecosystem that facebook has, we might move to a system where facebook has to ask permission from the use tore use its data and cannot store that data on its own cloud. that's many years away >> cyrus, thank you, julia boorstin as well see you soon >>> still to come, auto alert on deck toyota issuing a massive recall for one of its most popular models we'll bring you the news and the car. >>> and scores and more. the u.s. open semifinals are set. if you missed the finals, we got you covered. what's critica

mimic them but adopting way of doing things by texting rather than meeting up or inviting amazon and apple and google and facebook to read your diary. and forgod sake never allow yourself to utter four most defeatest words in the english language you can't stop progress. the manhattan institute, you know better than just about anyone that things can turn around. bad ideas can be put back in the bottle. all hope is never lost. it is getting late. we don't have too much time to play with. the self-driving cars are coming. the artificial intelligence is coming. the the facial recognition technology is coming. and the millennials are coming. so take a look at that thing on your wrist with the little hand and the big hand because it is zero hour thank you very much. [applause] >> all right we have time for some questions. and i'm sure some of you have some. matt i'll start off -- one of the the more interesting parts of your book talks about music and consumption of music, and that has been radically transformed over this period. in a way that i think reflects some of the themes of your book so maybe say

. >> in the room along with lawmakers were executives from at&t, amazon, google, twitter, apple and charterased a data privacy framework in the past few weeks but the one big criticism is that in that room there are no consumers and no consumer advocate groups invited to speak on safeguarding the consumer data. that seems like a big omission and the only government reps in these big a billion-dollar tech executives. that rely on consumer data for a large part of their revenue. neil: thank you. the president is also focusing on china. he saying china may be trying to rig the election that as the russians were doing in 2016 or at least interfering in it. he uses examples and a tweet the china explain propaganda ads among the des moines register made to look like news. because we are - the farmers will make a fortune when this is over. he attaches to that the image from the des moines register with the china watch insert that says - the president is arguing that it has found its way into trump strong states including iowa, the des moines register. you can see in one of things they raise is the

amazon is down another 12 bucks. apple back to 216. google down another $2.s at 108. mixed bag but no serious rebound for techs. >>> we have elon musk, whoa, did he take heat after he smoked pot life during on a interview on the joe rogan podcast. jeremy owen joins us now. we read your stuff. you say smoking pot is the tip much iceberg when it comes to tesla's problems? why don't you give me litany of bad news? >> i don't think smoking weed is top 100 issues of tesla now. this is the disconnect in california and y'all in new york. where we don't care about the weed at all. i will run into somebody smoking weed within a block and it is 8:00 a.m. out here. same day we saw the chief accounting officer leave less than a month. say openly the culture within the company is one of the reasons that he left. that is a much, much, i can't even explain multiple how much of a bigger deal that is than elon puffing on a blunt on youtube. it is ridiculous that is an issue when there are so many other issues to focus on. stuart: you're right, there are lots of issues to focu

facebook, google, amazon and apple.using a massive, unhealthy disconnect with other people. maggi mcphee / campaign manager adbusters media foundation: we need these technologies, we can't imagine life without them. it's gone to the point where we are physically connected to them on almost every moment and every day. so, that has real mental and essential consequences that are worth exploring. 0:19 the easiest the easiest thing they're asking people to do is to have a "do nothing day." leave your phone at home. don't do anything on social media. don't search google maps... if you have to, ask a stranger for directions. don't buy anything from amazon.maggie mcphee / campaign manager adbusters media foundation: i think that we're going to continue probably by promoting this 24 hour break on a monthly basis maybe every 17th and continue to increase media literacy and perhaps implementing a high school program. 0:20 maggie says they're maggie maggie says they're also working on a bigger, more involved, "occupy silicon valle

sonos will have to move fast as amazon, apple and google are working on theirs. sonos has been on a tear and it's currently down 15% in extended trade. >> seema, thank you. despite the move in sonos, recent tech ipos have been on fire roku up 10%. stitch fix up, spotify, drop box up 30% since they went public. we should note that spotify went public via direct listening. the percent change might be thrown into question in terms of how we calculated this is this move in sonos a warning sign for the rest of the high flying stocks? >> what it's a sign of, we're talking about market caps that are nowhere near the size of the big boys sonos is 1.8 million there's a lot of stock compensation that comes out. and the expectations in growth these guys have ebida down 40% year over year there are some reasons why investors get caught up in the name being pushed out in the peak of it and the nasdaq is pulled back. >> i agree, there's no way look at what sonos did it was already up 13%. we're giving back a little bit this is all sonos specific in my view and it's all about t

emily: do you think it's possible for the ge's of the world to compete with the amazons and apples of facebook, and googleso be that was without knowing a thing or two about change. i think we can look at sustainability in these companies, but yes, the stakes are always higher as you get new companies disrupting. ,s investors, we watch amazon they are getting bigger and more complex, the stakes are higher, the ability to take risks. maybe the question, can these does continue to compete and be as fast and nimble as we have known them early? emily: that is actually my exact question. now that they are so big, it's hard to imagine them not been so dominant, but do you see that in the future? could they fall from the throne? beth: i think you have to assume that. that is an eventuality. there are people sitting there going, are we still the -- are we still willing to take the same kind of risks? can we? founder like companies tend to get him -- get a bit more acceptance. look at these traditional companies who have done reinvention. what they companies do well is culture. take tesla down the way, culture is a

google will be joined by at&t, amazon and apple at the hearing today. >> all right let's look at how money and investment markets are setting up their day we're about halfway through the 5:00 a.m. hour in new york stock futures are looking good it was a mixed session yesterday. they're all higher today, at least as far as futures. s&p, dow and nasdaq are up september always historically the worst month of the year for the markets. don't tell it to this september. the dow is up about 2% to 2.5% so far this month bucking that trend. oil prices are something to watch. it's kind of why we talk about them oil prices continue not higher today, but overall we are still up brent crude, wti and natural gas down fractionally here we have a lag between oil and gas prices, so gas prices should be creeping up over the next couple of days and weeks in the bond market, which you want to watch, the ten-year treasury is at 3.08% remember a year ago we were about 2.2% so we have seen nearly a 1% jump in bond yields even if you don't trade bonds you care, that ten-year yield widely controls the mortgag

you go to marriott, yo come in and there is an apple device that talks to you, do you want your usual breakfast, i think blocking google really blocking amazonlong time partnership and sales of apple have not worked all that well together this is very big when it comes to cooperation and best attempt to be able to go into the enterprise because voice is everything guys, people don't think everything should be tighten people want voice. this is also a belief. siri may not be as good as amazon this is a significant deal mark has always want to partner with everybody apple is a name. now, apple is intergral to the sales pa sales packet >> that's a big deal people think back to apple's efforts to get antoninto the enterprise and ibm this is another step in that direction. >> you totally get it, carl. one of the things that kept apple multiple lower is consumer product. what do people like? they like business to con consumer and within the enterprise, we know all of us had to deal with price in various levels, not apple. apple has not been supported i would say new relevance for siri this is going to dominate the theme of sales forces this week.

travel both on revenue and earnings losses is that what you want to see >> i believe it is amazon, apple, google their own speakers is that going to eat into their market share so we'll see shares kind of falling today it includes has decided to drop the attempt of the takeover of the company. they say risks of a trade war could make an acquisition more difficult. china is trading down about 12.5, almost 13% there was a report of this takeout offer. >> the fundamentals have been certain but the interesting thing here is if the reports of interest and not of interest is that it was such a powerful consortium >>> u.n. ambassador leading the u.n. security council to remember the nearly 3,000 people who died in the attacks. >> that day taught us a lot of lessons. it taught us the lesson that we can never let our guard down it taught us the lesson that evil exists. it taught us the lesson that we should never stop trying for peace and security in this world. >> the trump administration taking the third major step this year to roll back federal efforts to fight climate change. it is preparing to make

amazon should be regulated? definitely. and i presume the likes of google, apple should be regulated? all of them, definitely.h of $167 billion, the world's richest man. you cannot really get your head around that alone, but also i did not realise, andi alone, but also i did not realise, and i should have known arts, you know, they own the washington post, which of course is a huge critic of donald trump's administration and the white house. well, it is very important to him. there is more to this than just buying goods on amazon. yeah, he wants to control the media. look atjeremy clarkson on amazon television. amazon prime. amazon prime, yeah. and is really moving on. we are keeping an eye on it, that is a sure. we're talking about the white house. we have picked out fox news coverage of the publication of a book written by vetera n publication of a book written by veteran reporter bob woodward, and the reason why we picked on fox news is looking for anything that would give a positive spin to this because of course, fox is very pro— the trump administration. but even this article on fox news is highlighting

the proceedings will include executives from apple and amazon, google, twitter and others. when you look at shares of all major social media companies, they have been falling on the news and we can look right now and see they continue to do so. everybody is down at the moment. you could call twitter the wo t worst. alphabet, parent of google, down 1.75. >>> it's the carolina countdown. the closing bell ringing in 45 minutes, with the dow up 24 points at the moment. but hurricane florence is bearing down, accelerating toward the eastern seaboard. look at this monster. the clock is ticking for a hasty retreat from the storm's path. we will get you the very latest update on the evacuation of millions. that's coming up. >>> if the hurricane isn't enough of a black swan for the market, what about three or six, maybe a dozen more? dr. doom with a new prediction about the end of the bull run. our floor show traders are about to flash sunshine on the doom and gloom. we'll ask if they agree. i get it all the time. "have you lost weight?" of course i have- ever since i started rentin

apples, but do you think it's possible for the ge's of the world to compete with the amazons and apples, facebook, and googleso late? beth: i think it's something to think about. ge is not get to be so old without knowing a thing or two about change. i think we can look at sustainability in these companies, but yes, the stakes are always higher as you get new companies disrupting. i wonder, as investors, we watch amazon, they are getting bigger and more complex, the stakes are higher, the ability to take risks. maybe the question, can these guys continue to compete and be as fast and nimble as we have known them early? emily: that is actually my exact next question. now that amazon and facebook and google are so big, it's hard to imagine them not being so dominant, but do you see that in the future? could they fall from the throne? beth: i think you have to assume that. that is an eventuality. hopefully they are thinking about it. hopefully at amazon and netflix, there are people sitting there going, are we still willing to take the same kind of risks? can we? they are a public traded company with different e

. >> at a senate hearing, executives from amazon, apple, at&t, google, twitter and charter communicationsestify about data privacy. the commerce committee is considering a bill to add privacy protections for online transactions.

you invested $1,000 in amazon's ipo, it's about $1.3 million today this is all split adjusted, and it varies. returns from facebook, from its ipo, from google's ipo, netflix, applejust buries it with the return of about 135,000% it also comes on a day today where "the times" looks at the way they have taught regular retailers about how to get goods to consumers and big accounts like geico and hershey and general mills start shifting their ad dollars to amazon. >> which has been one of the keys it's what we've heard from so many analystsand experts that have come on this show part of what is making amazon so valuable to investors is that it is shifting from lower margin business into higher margin businesses like advertising and its cloud business some of these newer businesses that it is drumming up revenue from. >> keep your eyes on that. let's get back to seema. >> ongoing trade concerns is putting a lid on european stocks although the ftse 100 is -- wpp shares falling in its first earnings report under mark reed. wpp did profitability would decline this year due to weakness in north america as it faces increased competition from google and facebook. let's swi

you are dealing with amazon and google and apple and what happens is it is a little overwhelming to realizehat every time you think you got some advantage against them, they come up with something new and something personal or something that's worldwide that attention is grabbing. i just think it is hard to be jenny and martin and not wake up every morning and say oh man, the posy, the posy, they're catching up to us. >> it is funny, innovated scales, some people pointed to amazon doing better than anyone. not everyon a question >> look, i think martin has been groomed and he was the cfo before this. i think he's doing a terrific job. i do think if you read that piece, the overall meaning experience of the ubsb is come on, it is a still great company, it is getting it together. everything else move up so much. you ought to look at these stocks because it has not done anything i know that seems to be a reason to buy a stock boy, is that ever a true narrative. >> is everybody going to start saying that about ge >> i mention at the stock of $11.25 opening today thinking about it is a name that

to compete against some of these large, disruptive services like netflix and amazon and maybe like google and facebook and applejust the u.s. marketplace they are thinking about. they are thinking about a global media and entertainment marketplace. how does their content travel globally? from: that is paul sweeney princeton, not from here in new york. sign-up for the balance of power newsletter at bloomberg.com/politics for the latest in your inbox every day. coming up, the u.k. trade secretary will be joining bloomberg. bloomberg. ♪ >> i am mark crumpton was first word news, supreme court nominee brett kavanaugh who is being accused of sexually assaulting a woman, has president trump in his corner. shortng to reporters a time ago, the president said he is totally supporting kavanaugh, and he is one of the most outstanding people he has ever known. fordeam said -- christine said that he tried to rape her at a party when they were teenagers in high school. called the allegations completely false. the president's welcoming the leader of poland, mr. trump and first lady melania greeted president andrzej duda and h

those intellectual resources that we need to run these companies, all of these companies, apple, facebook, google, amazon, all have founders in the matter immigrants and that purport -- >> laura: that's fine. that's great. i don't think there is any problem with that. i think michelle -- i think you come here illegally, sergey brin and his parents fled the soviet union. i think it's ironic that they flee the soviet union, his father as a mathematician of the university of maryland, his mother works were goddard. they are both brilliant. he's brilliant. they flee the express oppressive soviet union only for him to turn around and help the chinese communists develop an app to screen out offensive content. how does that make any sense? how are those the values that google's stance of the day after the election and says, "our values are fronted by donald trump" because they are helping the train cloud to free expression? speak about is inaccurate. >> laura: that's not inaccurate. that's a fact. that is where one of the researcher's quest. >> i think by supplying their products, really, to the people of china

thank you for being here. [ applause ] stomach executives from amazon, apple, at&t, facebook, google, twitter, and others testify on data privacy for consumers. the senate commerce committee hearing is alive, wednesday morning on cspan3. you can watch on c-span.org , or the radio app. veterans affairs secretary robert wilkie testified before the senate veterans affairs committee on their priorities. watch that life wednesday at 3:00 eastern, on cspan3 , our website, and radio app. >>> dr. ford has agreed to testify about her sexual assault allegations against supreme court nominee brett kavanaugh. judge cavanagh will testify at that hearing. we will have live coverage on thursday starting at 10:00 a.m. eastern on cspan3. you can watch online at c- span.org, or listen on the c- span radio app. >>> coming up this weekend. saturday at 6:15 p.m. eastern, matthew hennessy discusses his book, zero hour for general x. how the last adult generation can save america from millennial's. >> in 1998, the oldest millennial was 16 or 17. if you are millennial, google have to get through high school.

witnesses from google, apple, at&t and amazon are among those facing questions from lawmakers.is happening alongside ongoing trade tensions with china, facebook's breakup with the instagram founders and amazon's continuing expansion. are you still with me? joining us here at post nine to dig deeper into all of this, stephanie meta and the managing director, eric hippo thanks for joining us here today. >> thanks for having us. >> stephanie, a busy week in the headlines. a lot of focus on privacy. how should we think with this? >> i think it's about time finally. this is an issue that's been bubbling to the surface for a year now i think members of congress are finally doing their homework and stepping in. i think the only challenge is that this is not a headline issue that's going to play with bases of either party. immigration, the hearings for judge kavanaugh, these are things dominating the headlines so i think it's going to be really hard to get the voter behind the issues of data privacy. it's not a priority for lawmakers or for the base. >> eric, what are your thoughts? es

last few minutes of this recorded program and take you to capitol hill where executives from amazon, apple, google and twitter will take questions from lawmakers about data privacy concerns. the senate commerce science and transportation committee is looking at ways to safeguard personal data more effectively. senator john thune chairs the committee. this is live coverage on c-span 3. >> good morning. a decade from now we may look back and view this year as a watershed with consumer data privacy. news of the mass besive equifax data breach made the headlines. thereafter we brought the company's then current and former ceos before the committee for a public accounting. in april the commerce committee and judiciary committees held a joint hearing with facebook ceo mark zuckerberg after revelations of political intelligence firm cambridge analytica acquired access to the personal data of millions of unwilling facebook users. in may the european union's regulations took effect with penalties for violators. in june the consumer protection subcommittee held a hearing entitled cambridge analytica and oth