areas africa asia australia and latin america now the transition will be completed before the new e.u. data protection board takes effect on may twenty fifth it imposes requirements on how users' data was collected and gives them the right to restrict its processing or have it deleted the regulations also require all data breaches to be reported within seventy two hours the fines can reach up to four percent of the company's global revenue which for facebook could mean more than a billion dollars social media giant though has played down the importance of the user data switch. with being clear that we are offering everyone who uses facebook the same previously protections controls and settings no matter where they live these updates do not change that we discussed facebook's privacy policy with the co-founder of iceland's pirate party but to get to john's daughter she things users are still not informed enough about who is processing the data when mark suckle book says that you know the users can control what they're doing is completely a lie because people don't know about it as we have us

now the transition will be completed before the new e.u. data protection law takes effect on may twenty fifth it imposes requirements on how users data was collected and how it's handled the fines can reach up to four percent of the company's global revenue which for facebook could mean more than a billion dollars social media giant though has downplay the importance of the user data switch. with being clear that we are offering everyone who uses facebook the same previously protections controls and settings no matter where they live these updates do not change that we discussed facebook's privacy policy with the co-founder of iceland's pirate party but again john's daughter she thing as usual is a still not informed enough about who is really handling that data. when mark suckle book says that you know the users can control what they're doing is completely a lie because people don't know about it as we have user agreements that are you know figure than the bible when you have companies that are forced and there are so pick up they're also force

from regions like africa asia and latin america the transition will be completed before the new e.u. data protection all takes effect on the twenty fifth of may it imposes requirements on how users data is collected and how it's handled the fines can reach up to four percent of the company's global revenue which for facebook could mean more than a billion dollars a social media giant though has played down the importance of the user data which we've been clear that we are offering everyone who uses facebook the same previously protections controls incensing no matter where they live these updates do not change that the developments come as the website is still reeling from a massive data breach scandal involving the political research group cambridge analytic as the result eighty seven million facebook users had their personal information compromised and the company's c.e.o. was called to testify in front of congress and the bugs notes from those hearings show he was advised to avoid saying the platform already complies with the new e.u. previously law they also didn't include any mention

regions like africa asia and also latin america the transition will be completed before the new e.u. data protection laws take effect on the twenty fifth of may it imposes requirements on how users data is collected and also how it's handled and the fines can reach up to four percent of a company's global revenue which for facebook could mean more than a billion dollars or the social media giant has played down the importance of the user data switch. with being clear that we are offering everyone who uses facebook the same previously protections controls and settings no matter where they live these updates do not change that well these developments to come as the website is still reeling from a massive data breach scandal involving the political research group cambridge analytical as a result eighty seven million facebook users had their personal information compromised and the company's c.e.o. was called to testify in front of congress mark zuckerberg notes from those hearings show he was advised to avoid saying the platform already complies with the new e.u. previously law and they also

the transition will be completed before the new e.u. data protection law takes effect on may twenty fifth it imposes requirements on how users data was collected and how it's handled the fines could reach up to four percent of the company's global revenue which for facebook could mean well more than a billion dollars for the social media giant though has downplayed the importance of the data switch with being clear that we were from everyone who uses facebook the same previously protections controls and settings no matter where they live these updates do not change that. the developments come as the website is still reeling from a massive data breach scandal involving the political research group cambridge analytic up as the result eighty seven million facebook users did have their personal information compromised and the company's c.e.o. was called to testify in front of congress now mark zuckerberg snoad from those hearings show he was advised to avoid saying the platform already complies with the new e.u. privacy law and they also didn't

now the transition will be completed before the new e.u. data protection law takes effect on may twenty fifth it imposes requirements on how users data is collected and how it's handled the fines can reach up to four percent of a company's global revenue which for facebook could mean more than a billion dollars social media john doe has played down the importance of the use of data switch with being clear that we were from everyone who uses facebook the same previously protections controls and settings no matter where they live these updates do not change that the developments come as the website is still reeling from a massive data breach scandal involving the political research group cambridge analytic as the result eighty seven million facebook users had their posts and all information compromised and the company's c.e.o. was called to testify in front of congress now among zucker bugs notes from those hearings show that he was advised to avoid saying the platform already complies with the new e.u. previously law and they also didn't include

facebook users from regions like africa asia and latin america the transition will come before the new e.u. data protection law takes effect on the twenty fifth of may the law will slop restrictions on how data is collected and handled and introduces fines for collecting or using it without consent violations could mean financial penalties of up to four percent of global turnover which for facebook would be more than a billion dollars however the social media giant is playing down the importance of the daves which we've been clear that we were from everyone who uses facebook the same previously protections controls incensing no matter where they live these updates do not change that. now the developments come as the website is still reeling from a massive data breach scandal involving the political research group cambridge analytic as a result eighty seven million facebook users had their personal information compromised and the company's c.e.o. was called to testify in front of congress mark zuckerberg notes from those hearings show he was advised to avoid saying the platform already complies w

regions like africa asia and also latin america the transition will be completed before the new e.u. data protection law takes effect on the twenty fifth of may it imposes requirements on how users data is collected and how it's handled the fines can reach up to four percent of the company's global revenue which for facebook could mean more than a billion dollars social media giant is played down though the importance of the user data switch with being clear that we are offering everyone who uses facebook the same previously protections controls and settings no matter where they live these updates do not change that or the developments come as the web site is still reeling from a massive data breach scandal involving the political research group cambridge analytic or as the result eighty seven million facebook users had their personal information compromised and the company's c.e.o. was called to testify in front of congress mark zuckerberg notes from those hearing show he was advised to avoid saying the platform already complies with the new e.u. privacy law and they also didn't include

e.u. that have stronger data protection safeguards for facebook users i think it's time for us in the united states for those in congress to look at these regulations is see whether you know it's time that this new relatively new company which has become a veritable mop monopoly certainly in social media do deserve some regulatory oversight yeah i mean it does make you wonder why like a book took such a long time to really even want to talk publicly about this he did eventually just say no it's come full congress in a week's time this is all done apparently to the tech initiated so let's be let's try to explain it simply the people make it's all down to third party apps accessing private data why were facebook on top of this better. i really don't know why they weren't on facebook facebook wasn't on top of this better that's one of the questions that we hope. will answer be before congress i think that this is a company that route so rapidly that the people who are managing facebook lost control of their creation and the whole business model of facebook is built on this idea that they they c

e.u. parliaments turn to decide how to respond to the alleged misuse of data. good to see you this morning. what are the options for the e.u.? tooline: one option is invite mark zuckerberg to face questions at the european parliament. the parliament three president tweeted that he wanted mark zuckerberg to come and explain himself before 500 million europeans that personal data is not being used to manipulate democracy. then yesterday he tweeted again saying that finally the facebook ceo recognizes that he must take responsibility, and calling for debate to transcend the e.u. rules and make digital platforms fully accountable. but many actually think that zuckerberg's personal appearance in europe is very unlikely, especially after he declined the invitation to come to house of commons. instead many in brussels think facebook is likely to send someone at a lower level. they are sending the chief technology officer to the u.k.. in the meantime, we had this issue parliament debate with a decision expected at midday brussels time. a phonealso going to be call betwe

e.u. general data protection regulation or g.d.p.are for shorts before next month's deadline that would be may twenty fifth so we're getting a preview actually of the changes that are headed your way if you're a facebook user even if you're not in europe and here are just some of the basics to this new privacy control with facebook now e.u. users can opt in to using facial recognition technology which has been banned since two thousand and twelve you can limit the use of political religious or relationship information that you might have already shared you can also say you don't want facebook to use information from partner websites when they're targeting ads and there's some new features pacifically for minors people users may be under sixteen years of age it requires parental consent so there are some of the basics here they're being rolled out clearly facebook trying to get ahead of the game here before the g.d.p. our next month the proposals are already drawing criticism though aren't they is facebook so it's going to criticism i

e.u. the general protection data rules they feel would not allow any such occurrence to happen again.ad been in place in 2015, there is no way facebook could not have told users that potentially there had been a data breach and it had been passed on to cambridge analytica, and therefore even used in an untoward way in elections. the e.u. think they to be more built on these rules when they come into effect may 25, but i think they want an era of transparency to be at the behest of all of these big tech giants. this comes at a time when we see the e.u. notably germany in particular passing stricter and stricter regulations when it comes to taking down fake news, taking down terrorist related content, fines in germany. there could be more regulation to come. when it comes to data, they think these rules will prove, we'll stop anything like this repeating again. emily: all right, caroline hyde, thank you. baidu shares are jumping, and is trading on a solid first-quarter with sales surpassing analysts' estimates and an update to outlook ahead. baidu is china's largest -- most popular sear

e.u. with the g.d.p. our the general data protection regulation this will come into effect on may twenty fifth actually today so i can work said very clearly that he does like those regulations and that he will implement them for all of the facebook users as much as possible so there is regulation coming and it's not because of congress not the house not the senate it's actually because of e.u. lawmakers exactly right and you know what's interesting over these past few days we've heard him say time and time to get about how he wants to focus on building community he's talked about that more. privacy tools or how to protect yourself do you think he's focused on community because he wants to divert attention away from the problems it's a big buzzword for him he love that word unity but i think what he really has done during these hearings is evade questions about what he's doing behind the scenes how does he track users that's a big focus it wasn't really touched on very much i mean facebook actually tracks users when they're n

e.u. privacy shield, allowing the data to be transferred to the united states pursuant to their continuing privacy regulations dating back to 1995. that is going to be somewhat adopted and superseded by the gdpr going forward. other countries have their own privacy requirements, within the apec, the age-specific economic cooperation. rules withn these those countries and the asia-pacific region. five countries have signed up to start implementing it. started to certify companies as a client with those cross-order rules. in other places, there is a lot to be developed on the privacy front. interviewer: when it comes to the digital economy, are china and russia cooperative? mr. strayer: they have their own views about the digital economy. we have different views as far as the sovereign data and content control of data. asy see the nationstate being able to control the data that should be flowing across borders and within its borders. we have a much different regulatory approach. should beegulations as narrowly tailored as possible. when it comes to the implementation of china's cyber securit

e.u. is rolling out new data privacy laws just as facebook tries to repair its trust with government officials will talk about the next steps. bloomberg tech's live streaming on twitter. check us out 5:00 p.m. new york, 2:00 p.m. san francisco. this is bloomberg. ♪ >> it is 11:29 in hong kong. i am paul allen with the first word headlines. president trump putting fresh feel him trade war, threatening tariffs on $100 billion of chinese imports. in light of what he calls china's unfair retaliation for the initial levies on $50 billion of gerd -- of goods. will defendountry its interests against u.s. actions. japan and the european union want to join the wto case over china's alleged discriminatory tech licensing rules. new filing showed tokyo in brussels said they had a substantial stake in the dispute. japan says it is one of the largest stakeholders. they hold a significant amount of patent rights in the country. saudi arabia has raised the cost asia, key arab crude in sending brent crude to its highest in three years. barrel.10 a the survey last week said refiners and traders were anticipatin

e.u.'s hand as it prepares to introduce new data protection laws so it might find itself in a stronger position to face down in washington let's talk a little bit more about that with our brussels correspondent terry shills terry good to see you. picking up from that last sentence i mean how strong is the e.u. is position in the particular matter. that definitely remains to be seen because transatlantic trade ties are so precarious at the moment we just don't know again we should point out from the beginning that we also don't know whether these commission proposals will actually become law and with the e.u. still worried about the possibility that steel tariffs will in fact be imposed by the u.s. for many european governments that would have been enough reason not to introduce this digital tax at this moment when tensions are so high but i spoke with business your of your business europe's chief economist james. i'm sorry james watson sorry about that james watson and he gave me some other interesting information mr watson says that within the e.u. it is also very controversial this tax becaus

this is that there are strong data protection laws here and also strong desires for data protection in germany and in the e.u. and that can make companies hesitant to really sort of wade into artificial intelligence talk among those with intelligence any particular piece of technology that code your attention today. right get heard there's a lot of interesting things here robots aren't necessarily novel but the developments of some of these robots are pretty novel if you look behind me here you can see i'm not sure if it's running in this moment but there is this robot here that actually. as arms and fingers normally see arms here that's pretty common they have little pads on them this one right here has fingers what makes this especially interesting is that the person who's driving it who's steering this robot does it by moving her hands or know if you can see her right now she's just getting it warmed up but the robot will mimic her movements so that if she actually clinches her fingers clinches her fist it will do the same thing and what this makes possible is this means that you don't have to program a r

are the general data protection regulation which is due to be introduced next month here in the e.u. basically wants to give consumers more control of the information that services and social media services like whatsapp are gathering over them it gives them the right to know what happens information's been gathered and also requests those companies delete that information if they're a little bit uncomfortable with it and in the case of what's app and other social networks it also raises the minimum age to consent to use these type of services to sixteen and what we're seeing right now is basically what's app kind of getting a little bit ahead of the game and making sure they comply with those regulations how it's just what's applying to force these regulations well that is really kind of the big question i mean right now they're just. adding another addition to their terms and services and i mean everybody skips through those at the beginning when they start up a new app sort of a new device you just kind of glance through it i mean it takes i think apple's ones for a new cell phone

facebook wants to put the data of 1.5 billion users out of the scope of the e.u.'plans privacy law. this would restrict what companies can do with other people's data. the moment, facebook users are governed by terms agreed with the headquarters in ireland. that is where european users' data will remain but not those from africa, australia, latin america. the social network is keen to reduce exposure to the law which allows european regulators define companies for -- to fine companies for using data without consent. drought has been a serious problem for years in south africa, so much that in recent months cape town declared a state of emergency. their activities like watering the lawn, washing cars or even filling swimming pools are banned. they can lead to hefty fines should people do so but it is not only the cities that are suffering as a result of the lack of water. agriculture is affected. reporter: he drives through a citrus plantation. hasn't seen proper rain for quite some time. 27,500 trees on these fields need water. otherwise they will dry up. if that h

data breach. a slippery business of crude oil the e.u. tries tapping results from authoritarian rule to azerbaijan to make it less dependent on unruly russia. and promises promises china val's to open its financial sector as a foreign investors will it actually happened. i made his will in place of business round one in the facebook face off between congress and c.e.o. mark zuckerberg it got personal at times as we'll hear in a moment that the markets leapt up facebook shares let's more than four percent to one hundred sixty five dollars during testimony on tuesday that's the biggest hike in almost two years all the same they're worth eleven percent less than before news broke last month that consulting firm cambridge analytical misuse the daughter of millions of facebook users for election targeting purposes in the u.s. zuckerberg is facing a backlash for not doing enough to protect account information shareholders tighter regulations i'll talk to our correspondent about that in a moment first let's listen in to my favorite part of the t

e.u. is rolling out new data privacy laws just as facebook tries to repair its trust with government officials. we will talk about the next steps. >> check us out, "bloomberg technology" 5:00 p.m. new york, 2:00 p.m. san francisco. this is bloomberg. >> let check first word news. president trump continue toss show his displeasure at amazon. just before leaving west virginia today, the president said america's biggest e-commerce company is not on an even playing field. he also said he was unaware of any payment made to adult film star stormy daniels. the. put the null of national guard troops he plans to send to the southern border at between 2,000 and 4,000. russia's u.n. ambassador has told the security council that moscow assumes with a high degree of possibility that intelligence services of other countries are likely behind the poisoning of a former spy in britain. they spoke to reporters. >> i fear that the russian motive in calling for a security council meeting today is another step in the pattern of contempt for international institutions that we have certainly seen all too much of. >>

e.u. member states to supplement the existing general data protection regulation set to a take effect in may the new proposal would require advertisers and senders of e-mails to expose explicitly seek consent before internet users are used with cookies. you tube says they removed over eight million videos between october and december of last year in their first report on enforcement of community guidelines they say that six point seven million of the eight point three million banned videos were flagged by machines based on algorithms and never reviewed by an actual human person parent company google has previously said it would hire ten thousand more moderators for the site but those are the folks that are actually trusted flaggers which prioritize complaints from government agencies and some advocacy groups or reports on inappropriate content aimed at children were published in march by wired magazine some users have also complained about arbitrary removals and double standards with regard to some political content and now we move to artificial intelligence and investing when most of us thi

e.u. member states to supplement the existing general data protection regulation set to its take effect in may the new proposal would require advertisers and senders of e-mails to expose explicitly seek consent before internet users are used with cookies. and you tube says they removed over eight million videos between october and december of last year in their first report on enforcement of community guidelines they say that six point seven million of the eight point three million banned videos were flagged by machines based on algorithms and never reviewed by an actual human person parent company google has previously said it would hire ten thousand more moderators for the site those are the folks that are actually trusted flaggers which prioritize compliance from government agencies and some advocacy groups or reports on inappropriate content aimed at children were published in march by wired magazine some users have also complained about arbitrary removals and double standards with regard to some political content. and now we move to artificial intelligence and investing when most of u

facebook told it up to 2.7 million people in the 28-nation bloc has been affected by the data privacy crisis. in e.uconfirmed that number in a letter. >> it is already clear that they -- that this

well facebook wants to put the data of one and a half billion users out of the scope of the e.u.'s planned privacy law the legislation designed to restrict what companies can do with other people's data and at the moment facebook members outside the us in canada are governed by terms agreed with its headquarters in ireland that's where european uses data will remain but not those from africa asia australia and latin america social network is keen to reduce exposure to the law which allows european regulators to fine companies for collecting data without user consent. drought has been a serious problem for years in south africa so much so that in recent months cape town to a state of emergency there activities like watering the lawn washing cars or even filling swimming pools of banned they can lead to hefty fines should people do so but it's not only the cities this suffering as a result of the lack of water agriculture is particularly hard hit. martin used colors q sorrows rise as he privacy through citrus plantation that hasn't seen proper rain for quite some time all twenty sev

facebook told it up to 2.7 million people in the 28-nation bloc has been affected by the data privacy crisis. in e.uspokesman says facebook confirmed that number in a letter. >> it is already clear that they -- that this will need further follow-up discussions with facebook on implemented changes. the context on the already mentioned updated european data protection rules and questions on the democratic process. mark: facebook announced changes to its advertising policies that it says will make it harder for rope operatives to set up fake accounts and push divisive points of view. in south korea, the former president park geun-hye has been sentenced to 24 years in prison. she was impeached last year over an influenced meddling scandal and was convicted of fines from bribery to the leaking of state secrets. in new york, i am mark crumpton. "bloomberg technology" is next. ♪ emily: i am emily chang, and this is "bloomberg technology." coming up, markets are sinking again, and investors are worried that the trump administration will not back down on their trade confrontation with china. plus, one of the

this is that there are strong data protection laws here and also strong desires for data protection in germany and in the e.u. and that can make companies hesitant to really sort of wade into artificial intelligence talk about artificial intelligence any particular piece techno. that code your attention today. right there heard there's a lot of interesting things here robots aren't necessarily novel but the developments of some of these robots are pretty novel if you look behind me here you can see i'm not sure if it's running in this moment but there is this robot here that actually has arms and fingers normally see arms here that's pretty common they have little pads on them this one right here has fingers what makes this especially interesting is that the person who's driving it who's steering this robot does it by moving her hands or no if you can see her right now she's just getting it warmed up but the robot will mimic her movements so that if she actually clinches her fingers clinches her fists it will do the same thing and what this makes possible is this means that you don't have to program a robot

e.u.'s hand as it prepares to introduce new data protection laws so it might find itself in a strong position to face down washington in a dispute in front of the w.t. old for example so there's more trouble in world trade let's bring in danielle cole from the frankfurt stock exchange daniel how will this impact on trade relations how strong is the use positions you you think. get in fact a little bit hard to say and that says you actually don't feel that the your opinion it has a very strong position at the moment in this dispute yes of course the data security scandal might give them a little better position to start those negotiations but there's an issue that is even more important and also being discussed on there. top government level and those who are terrorists we can't forget that topic europe is only exempt from those tears on steel and element until may first the european trade commissioner say that last week that she is not sure if those exemption will also be in place after the beginning of may it seems that it's still not clear what they do as ones in return for a permanent exem

e.u.'s hand as it prepares to introduce new data protection laws so it might find itself in a stronger position to face down washington in a dispute in front of the w t o for example. earlier i asked our financial correspondent on the call this latest development is likely to impact on the ongoing trade dispute between the two parties. get it takes a little bit hard to say investors here actually don't feel that the european union has a very strong position at the moment in this dispute yes of course the data security scandal might give them a little better position to start those negotiations but there's an issue that is even more important and also being discussed on the top of government level and those are terrorists we can't forget that topic you are only exam from those tears on steel and element until may first the european trade commissioner say that last week that she is not sure if those exemption will also be in place after the beginning of may it seems that it's still not clear what the u.s. wants in return for a permanent exemption so i believe the timing right now is not very good

data breach brittany kinds o. worked on a firm strategy help the u.k. campaign to leave the e.u. join the twenty sixteen referendum cambridge analytic is under scrutiny of claims that improperly access the personal data of nearly nineteen million facebook users to influence elections lansley has more from london. brittany kaiser is opening position having worked both on the obama campaign and then on the trunk campaign for cambridge analytic is her concern that she's very cynical about this now is that governments in very wealthy people are gathering in harvesting all our first information and are able to analyze it and target us with specific messages with a view to changing our political opinions and she's very worried about how all this is happening a judge has rejected a bid by the u.s. president's personal lawyer michael cohen to keep some of his record secret the documents were seized as part of investigations into a payout he arranged for an adult film actress who said she had an affair with donald trump two former ministers in spain's catalonia region are expected to appea

guy, i believe economic data out of the e.u.. tell us about it. het used to say the c.p.i. data, it is breaking as we speak. coming through at 1%. that matches the prior number. softer on the survey number which was put forward at 1.1. the eurozone still struggling to generate inflation. that's a fact that is going to have to be krt, particularly if that trade story shortens the economic cycle. can't generate inflation now. tom: we do a lot of lengthy international trade. we'll do that across "surveillance" today. michael mckee scheduled to join us. right now with our first word rig here is taylor tax 1,600 american products. the u.s. is targeting high-tech items such as sem conductors. president trump has complained intellectualolates property laws. the shooter at youtube was angry with the company because it kept paying her for videos she posted. her father warned police she might be headed to youtube. she killed herself after wuninged three people. robert mueller told white house lawyers president trump remains under investigation but he does no

e.u. privacy shield which is a way that allows data to be transferred to the united states pursuant to their continuing privacy regulations from, that date back to 1995. that is going to be somewhat adopted and superseded by the gdpr going forward. other countries have their own privacy requirements. within the apec -- >> host: apec standing for -- >> guest: asia-pacific economic cooperation, sorry. the cross-border privacy rules that we worked on with those countries in the asia-pacific region, five countries have signed up to start implementing it. the u.s. and japan have gone the furthest forward to start certifying companies as compliant with those cross-border privacy rules. but other places there's still a lot to be developed on the privacy front. >> host: so, secretary strayer, when it comes to the digital economy, are china and russia cooperative? in your view? >> guest: they have their own views about the digital economy. we have very different views as far as the sovereignty of data and content controls of data. so they see the nation-state as being able to control the data that sh

e.u. regulation could in fact be a new global standard for data privacy and a blueprint for the u.s. as well perhaps right karloff them from debut social media thank you very much. a sunny day for global stocks and why is that there is i think the sun the sun is out shining is the reason is that china has poured cold water over the heated tariff dispute with the united states both sides have been threatening each other with steep duties on imports for the pos months now but the trade war could just start winding down with the chinese the first to flinch president xi jinping today repeating his vow to open the economy and actually cut tariffs. cars are a major sticking point in the trade conflict between the world's two biggest economies the us pays a twenty five percent tariff on cars it brings to china while china only pays two point five percent in judy's on cars it exports to the u.s. that's not the complete picture the u.s. sells six times more cars in china than the other way around but appeasing washington was the thrust of chinese president xi jinping speech to an audience of

are the general data protection regulation which is due to be introduced next month here in the e.u. basically wants to give consumers more control of the information that services and social media services like whatsapp are gathering over them it gives them the right to know what happens information is being gathered and also requests those companies delete that information if they're a little bit uncomfortable with it and in the case of what's app and other social networks it also raises the minimum age to consent to use these type of services to sixteen and what we're seeing right now is basically what's app kind of getting a little bit ahead of the game and making sure they comply with those regulations how how is the what's applying to enforce these regulations well that is really kind of the big question i mean right now they're just adding another addition to their terms and services and i mean everybody skips through those at the beginning when they start up a new app sort of a new device you just kind of glance through it i mean it takes i think apple's ones for a new cell p

e.u. regulators to go back and find facebook or cambridge analytical if there is a continuing data privacy breaches by those companies after the rules in place both would be subjected to the fines and the controversy over facebook and the data firm in cambridge analytic it continues develop facebook now says that data linked to eighty seven million facebook users may have been improperly shared with the firm which consulted for among other folks the trump presidential campaign and twenty sixteen previous reports and cited the estimate of fifty million users but it turns out that it is much larger facebook's reside revised estimate of eighty seven million was first disclosed in a blog post by the chief technology officer at a press conference c.e.o. mark zuckerberg discussed this the other newly revealed facebook privacy glitches he also said that facebook was quote wrong in retrospect to assume that the use of facebook data by paying clients would conform to the social media sites official policies these new disclosures are creating more questions for mr zuckerberg as he prepares to testif

google saying trust us with third-party data -- a lot of publishers are going to the e.u. purpose. you have to have disclosure. alix: there is an interesting article that said google, in some ways, was more culpable in releasing data than facebook, in some ways. david: one of the things we learned from the senate hearing is a to tracks data of people who are not members of facebook. there is a similar thing with google. as many as 50 million or 60 million websites that they have access to information on pd even if we are not signed up with google, they can get information on us. data some analysts -- collection could take a hit as of -- could take a material hit. david: similar to facebook. if they had to give that up, it affects the way the target ads, which is how they make money. trying, but in theory, it is still about advertising. coming up, a huge earnings week with around one third of companies reporting. we will meet with jim paulsen. this is bloomberg. ♪ ♪ alix: 3% watch. the 10 year yield nears 3%. is it just a wrong number or something more significant for inves

e.u. and the former cambridge analytical employee testifies to the u.k. government over how the company harvested personal data and used it for political gain. thank you for joining us international chemical weapons inspectors have arrived in the former syrian rebel enclave of duma to investigate a suspected chemical attack ten days ago inspectors had been due to enter the russian controlled area twenty four hours ago the u.s. accused russia of tampering with the site while moscow blamed the delays on security concerns the team from the organization for the prohibit of chemical weapons will investigate what happened on april the seventh but it will not assign blame western powers accuse syrian forces of using nerve gas to kill dozens of people but the mask is and its ally russia is saying the holder has more now from. the o.p.c. chemical weapons team has been given access to they are investigating the alleged chemical weapons attack both the russian and syrian governments have been accused of delaying the work of the o.p.c. w. their team arrived in the syrian capital on top today they are now carrying out thei

they are saying that they did not use this 87 million user data treasure trove in the 2016 presidential election or in the e.uthat is why there is so much reshuffling at the top of cambridge analytica. we know that, as you say, but have been caught on camera by the channel four news had secret video footage they took of him bragging about some of the more questionable tactics that he used in his ad campaigns with cambridge analytica. he has now fully resigned. the chief data officer who was acting as ceo has gone back to his usual role. i think there is more confusion at the helm of cambridge analytica. emily: speaking of confusion, zuckerberg said that they are looking more deeply at cambridge university and whether there is something bad going on more broadly. what did he mean by that? caroline: shock, horror, at the very heart throwing them under the bus, it would seem. it would seem very vanguard of the very vanguard academic institution at the heart of the u.k. he is saying whether they are going to investigate researchers at cambridge university. remember, aleksandr kogan was at the university when he w

and there will be big fines for data breaches and privacy violations up to four percent of a company's annual revenue so sweeping changes they're taking effect in the e.u. on may twenty fifth in the. huge very important announcement as always thank you very much. well still to come on the day she's out of the hospital and off the grid forever the earliest cripple is recovering at a secret location the u. but the u.k. says that she and her father a former russian spy were targeted by moscow in a poison attack now there are rumors that the script walls may soon be script all new more that's coming up on the day. a total which on that is how u.s. president donald trump has described an f.b.i. raid of the offices of his personal attorney michael cohen agents arrived at cohen's manhattan offices with a search warrant that was issued by these special counsel in the russian investigation robert mohler they confiscated e-mails and documents related to several topics including a payment to the porn actress stormy day truck blast of the f.b.i. for breaking in as he said to cohen's office and he even mused about firing special counsel moller well that's the first

new data suggest business -- british businesses want to stick to e.u. rules after brexit.etailed look yet at what companies want negotiators to fight for in talks with brussels. they argue opportunities from the split are vastly outweighed by the costs associated with losing access to the single market. qatar tobia has beaten the debt markets, raising money in bonds. 140 basis points over similarly mature u.s. treasury's and sold bonds in 2030 and 2049. saudi arabia sold the bond --hout a roadshow, global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am paul allen. this is bloomberg. ♪ haidi: competition in china's financial sector will be wide open, according to the governor. he has been speaking at a panel, underway at the boao forum in hainan. you can see him responding in the question and answer session at the panel, talking on a wide range of policies -- topics. policies, they would be brought out in june. jinping's after xi pledge to further open up financial assurance and auto sectors. tom, key takeaways? in tu