eamon javers joins us now.unemployed according to the government. 18 million americans are receiving unemployment checks. how? >> that's a great question, brian. the answer, in part, fraud part of what they call improper payments over the department of labor. you get the sense that the u.s. government is getting its arms around the scale and enormous scale of the problem with fraud and massive spending that the government engaged in over the past year to boost the economy a lot of money moving fast and low and gives opportunity for fraud. look at the numbers from the department of labor inspector general. an updated report was issued yesterday in which they said as they calculate the potential for fraud. historically over the past several years, the rate for unemployment insurance has been higher than 10%. if you apply that to the $896 billion in the insurance funds as part of the cares act, you get a number of $89 billion paid they are saying the initial pandemic audit here suggests that the improper payments

eamon javers will join us to talk about the big money. >>> and the morning rbi.ut interesting, but ra random, but expensive. the story of tax cheats. how we can pay for a lot of cool projects if we just did one thing. >>> it is thursday, april 22nd this is "worldwide exchange. ♪ ♪ >>> good morning welcome. welcome back wherever in the world you are watching, i'm brian sullivan here is how your money looks futures are mixed. slightly lower again, every day this week has been the same. not a big trend early on now we're seeing dow futures off 5: 15 nasdaq off 10. we had a similar set up yesterday and the markets did well the russell 2000 in a steep slide for the small caps had the best day in months rising 2.5%. futures futures. not saying anything. take that with a pinch of sea salt fair value is up five points >>> time for a bonus batch of big money stories. stock number one in this round sleep number raising guidance shares are down 6% because of the supply snag in the quarter remember the containers we talked about in south carolina you can't sell a mattress if

we're told the president will make specific note of that moment eamon javers covering the speech fort our washington correspondent now. what more should we expect from the president tonight? >> reporter: the house chamber may look nearly empty tonight but biden's speech will be crammed full of policies, plans and spending proposals we can expect him to take a victory lap of sorts on the pandemic response including blowing past that goal of millions of shots in arms and relief checks that have been delivered. we expect him to focus on racial justice and to deliver on the promise he made in a phone call to the family of george floyd after the murder conviction of former police officer derek chauvin that he would push for passage of the george floyd justice in policing act which includes bans on chokeholds and racial profiling the keystone of the speech is his america family's plan, including plans for universal pre-school and free community college. it also includes spending on child care, paid family leave, teacher training and nutrition for kids biden would increase taxes on the weal

cnbc's eamon javers now.>> yeah, shep, that's right. what the white house said today was that the evidence for these bounties is underwhelming because it came from detainees that had been captured by u.s. or afghan forces and those detainees could have laid to american interrogators to tell them what they wanted to hear or deliberately cause confusion, and they said there's a challenging operating environment in afghanistan that's a washington way of saying it's just very hard to know for sure. >> never got those details back then back to those sanctions. do these have any teeth or is it just more of the same lip flapping >> well, look, what the president said today is he's being careful not to start a spiral of retaliation and escalation that could get out of control. >> i was clear with president putin that we could have gone further, but i chose not to do so i chose to be proportionate. >> now, biden also said he believes he and putin will be able to have a summit this summer to work on making this relatio

investigations into how these major pharmacies are using that data cnbc's senior washington correspondent, eamon javers gathering too much information on customers with too few rules about what they can do with all of that data even some of those critics are deciding they'd rather get their shot than keep their privacy >> i did go to a pharmacy and part of thatan online account as i felt a little uncomfortable because i -- you know, to me getting the vaccine was important enough that i went ahead and did it >> a group of lawmakers on capitol hill wants to change that trade-off and have introduced a bill that would block companies from using the data they're collecting for anything other than public health and mandate that they have strong data protections to protect people from the threat of hackers >> important that there is a strong public health response, but someone shouldn't be taking advantage of that. >> but the big drug chains say they're taking all the appropriate precautions. in a statement cvs told us it asks patients for demographic information including race, age, ethnicity and location as

keep in mind we learn from eamon javers yesterday technology stocks are the biggest money lobbyists inashington, d.c. we meththought it was around seo 230. we know another reason why they are throwing tens of millions at lobbying firms and folks in congress technology names could be hit hardest by any change in capital gains. >>> futures are slightly in the green. stocks end the week in asia mixed. japan is coming dudown they lost ground chinese markets were higher. in europe, all major averages are down, but not down by much >>> let's jump into it on this friday that is your top story the president's reported plan to raise capital gains taxes on those with incomes over $1 million. bertha coombs has more on the proposal and what we know and what we don't. bertha >> reporter: brian, the white house's apparent plan to raise taxes on millionaires is part of the plan to overall the u.s. economy. according to outlets, president biden will seek an increase in the tax on capital gains to as high as nearly 40% from the current 20% for those americans earning morning more than $1 mi. the plan w

. >> and speaking of legislative, we want to bring in our eamon javers with us on something that we mentionedarlier, which is the lobbying dollars that big tech is spending in washington eamon what do make of these? >> reporter: yeah, jon look you showed numbers earlier this is like that scene in a "gladiator" movie, the warriors putting on armor lacing up boots, sharpening swords they're getting geared up and ready to go for what is expected to be a big year these are big numbers for these companies. they're not as big as we've seen in other sectors, but still looking at large spends in lobbying what you'll see here is the tech guys will adopt a strategy that we've seen in other industries historically in washington the standard play here is to cooperate and co-opt whatever is going on in washington so once you conclude that the train is leaving the station here to mix all of my metaphors up horriblehorribly, you decide, happening anyway, get on board or proponents of it and steer it a little in the direction we want and maybe steer it a lot in the direction we want to go. historically how i

eamon javers, thank you for that we mentioned dow 34 k for the first time, just a few moments ago, aboutg our eye on coin base, second day of trading, after opening around 380 yesterday, currently 333 resqwkn e re" is back in a minute hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this... your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, asap! so basically i can pick the right plan for each employee... yeah i should've just led with that... with at&t business... you can pick the best plan for each employee and only pay for the features they need. we started with computers. we didn't stop at computers. we didn't stop at storage or cloud. we kept going. working with our customers to enable the kind of technology that can guide an astronaut back to safety. and help make a hospital come to you, instead of you going to it. so when it comes to your business, you know we'll stop at nothing. . welcome back, let's g

eamon javers has details on that. >> hi, carl.ier to apple and other companies around the world, taiwan based what's happened here to kwan ta some of their data has been exfiltrated by a hacking group called revil which has posted some of the data on the dark web. here's the note that revil put up on the internet they said today we the revil group will provide data on the upcoming releases of the company so beloved by many, tim cook can say thank you, quanta. now we've gone on the dark web and had a source provide us with some of the documents. these are the internal documents from quanta that appear to show the apple logo on products being developed right now. don't want to get too detailed on those because presumably there's a possibility at least that this is stolen intellectual property circulating on the dark web. a challenge for both quanta and apple in terms of how to respond to this. the hackers are demanding ransom be paid by may 1st no indication of whether the companies will pay that ransom or not the hackers are threat

bucks right now or 100 million if they miss the deadline nothing from apple on any of this cnbc's eamon javers the hackers behind us? >> shep, "r evil" is made up of native russian speakers, likely operating out of a former soviet republic now they're going after much bigger companies and demanding much higher ransoms. here is what we know >> reporter: cybersecurity experts tell us they've conducted 170 attacks so far and have likely extorted 100 million dollars from companies in the west analysts believe vladimir putin's government is protecting them so u.s. law enforcement won't be able to bring them to justice anytime soon they're famously aggressive, taunting their victims online like they did this week with apple's tim cook their signature move is stealing a ceo's personal cell number, then calling the chief executive personally to taunt them but they can be surprisingly professional, according to one hostage negotiator who has dealt with them dozens of times. >> they run their organizations like a legitimate business if you're respectful and professional with them, you'll get the same ba

eamon javers has more on the group's practices. >> yeah, jon, that's right this group is called revilrussian hacking group based in eastern europe or former soviet states we talked to mark who is tangled with them in the past and analyzed 173 previous hacks by revil and come up with interesting trendlines take a look at cost breakdown here they normally are nowhere near the $50 million mark their average ransom demand is $728, paid much less than that because of the negotiations, just $129,000 paid according to aratay and the maximum paid $3.1 million according to mark. the interesting signature here is that this group is known for getting into a company's data, extracting the ceo's cell phone number and then calling the ceo to harass him or her and sort of taunt them about losing all of their data online and demand these big payouts. that's unnerving he says to the ceos who have to deal with these calls coming in from russian accented figures demanding money from the company he said that he is used to doing business with these people on a regular basis. here's how he explained it >>

. >> eamon, thank you, eamon javers for us.n i heard the statement, wall street didn't build this country, the middle class did or unions did, i really thought this underscores his war against wall street and the war against wealth when in actuality men of great wealth built this country also i mean, you have to look back to some of the biggest philanthropists and they have business magnates of their time and some of the wealthiest people in history built this country too. i'm not trying to knock his point but the middle class maybe deserves some breaks, but i think this is a sort of rosy look at history here, jeff. >> yeah, no doubt about it and i think you have to take a balanced view and politics aside, trying to figure out what this means for the economy and for the fiscal thrusts we are likely to see going forward. i think the bottom line is, a lot of the fiscal stimulus is probably behind us because a lot of this additional spending is going to be have to be financed. i look at what's been proposed it's a big increase in

eamon javers explains. >> jon, this is from the institute for security and technology and what they're groups contributing to this report on getting their arms around the threat of ransomware which they say is a national security threat and the question is what to do about it one of the things they're focused on here is crypto currency because that's how the payments are getting paid to the bad guys they walk us through which crypto laundering takes place taking dollars turning them into bitcoin when the victims exchange fiat currency to crypto and the payout where they send the crypto to the hackers' wallet the criminals distribute payments to affiliates and bosses the tumbler process where the payments are mixed with legitimate funds and then an exchange where criminals sell the mixed crypto on exchanges for foreign fiat currency and turns it back into dollars again that bad guys can use. the question is, what do you do about all this here are some of the recommendations from this organization they're talking about allowing anonymous sharing, incentivizing sharing of wallet addresses

cnbc's eamon javers live in washington this was a long, detailed report, and you wonder why they didn't who's behind that >> reporter: yeah, a lot of questions here, shep this report is just a devastating account of the failures of the capitol police back on january 6th. the inspector general found the police didn't have the right equipment and couldn't get access to some equipment that they did have. the police had less lethal weapons but were ordered not to use them, the report found and then there was the frustration around the riot shields. the report said that when the crowd became unruly, the civil disturbance unit platoon attempted to access a bus to distribute the shields, but they were unable to because the bus door was locked, and even worse, some protective shields shattered upon impact, and some munitions in the armory were beyond their expiration dates. overall, the report made 26 recommendations calling for improvements in everything from training to intelligence gathering to equipment standards. the former senate sergeant at arms reacted to the report today saying that th

extorted a record $370 million in cryptocurrency alone so how do these negotiations work cnbc's eamon javersse guys are dealing directly with criminals. >> reporter: that's right, shep. they're dealing directly with them when companies are hit with ransomware, that's a kind of cyberattack that locks up their computers until the companies make a payoff. well, then they call marc bleicher's company to help them haggle with the hackers. he told me he's overseen the payment of hundreds of millions of dollars from companies to criminals. >> most of us never thought that we would get into a situation where we would be negotiating for essentially the life of a company. >> reporter: now, the first thing bleicher's team does is to try to secure the company's systems and then figure out if they can get things back up and running. if they can't, well, that means they've got to talk to the bad guys even though the fbi advises companies not to send money to criminals. but once the money does change hands, companies can get their data back within as little as 24 hours. arete says different industry groups

eamon javers has more. >> reporter: this is concerning, becky.ng tim cook earlier this week. demanding $50 million for the return the data from apple supplier the supplier of many other technology companies called quanto which trades out of taiwan the question is who is the evil doing this we talked to the experts to figure it out. our revil is a well known eastern european country or former soviet state no one knows who they are. one thing we know is something has changed here with this hacker group look at data from the incident response the hacker negotiating firm which goes in and negotiates with the bad guys for you when you have been hacked they targeted different industries take a look at the industries they usually hack. their analysis of revil. they tangled with them in the past professional services up 3 is% that they targeted over the past couple years health care. 19%. manufacturing, 16% big tech is out of the pattern here for this hacking group. take a look at the cost breakdown. again, this $50 million ran som is out of sync the ave

we're not even talking about talking about it yet we're getting some breaking news on microsoft eamon javersite house is now warning people who use microsoft exchange servers to patch those systems with two new patches put out by microsoft the white house putting out a statement now from a new official over there, the deputy national security advisor for cyber and emerging technologies, ann newberger. she says microsoft released a set of exchange patches today that are critical. we urge all owners and operators of microsoft exchange servers to apply these latest patches immediately. the u.s. government will lead by example. we are requiring all agencies to immediately patch their exchange servers as well. should these vulnerabilities evolve into a major incident, we'll manage the incident in partnership with the private sector so the white house warning people who run microsoft exchange to patch their systems. this follow and separate from a breach back in march that was reportedly done by the chinese government this now a warning from the u.s. government the white house telling me a few min

eamon javers eamon. >> reporter: i will reveal the news andrew, the white house saying now that the presidentill be signing executive order to get to minimum wage to get to $15 an hour for federal contractors the president wanted to do this for everybody. they docould not get that done u to senate rules. he wants federal contractors to make $15 an hour according to federal officials. they want to put this in federal contracts in january of 2022 all federal contractors must be paid $15 an hour that is indexed to inflation every year it will automatically go up. they won't have to do executive order every time they are confident it won't kill jobs as an increase. i asked what the message was to taxpayers who would be on the hook for the extra wages they insisted there will not be additional cost to this because they say all sorts of efficiencies and other benefits come from having this. taxpayers would not be on the hook for additional costs. joe biden expected to sign that later today. back to you. >> go back for a second. what do you mean additional costs? >> reporter: additional efficiencies

aim o eamon javers has the details. >> reporter: people around the world are celebrating with a cardown life. they think many will require proof of vaccination for people to travel, entertain themselves or even go to work that has led to a black market online for fake vaccine cards as some people wanting the benefit the card without getting the shot now the major internet sales platforms tell cnbc they're cracking down on people trying to sell those fake cdc vaccine cards. ebay said we are taking significant measures to block or quickly remove items on our marketplace that make false health claims including vaccine i.d. cards or similar items that could be used to falsely represent that a person has received the vaccine facebook also told us that fake vaccine cards violate the company's policies for sale on its site ebay says it has removed or blocked 50 million listings overall that violate its policies around covid including price gouging and false medical claims the irony is, wilf, these aren't that hard to falsify all it would take is a printer and heavy duty stock paper this is

continue -- sorry about that kp corporate america is making a big payment to hackers we go to eamon javers, that's right this is really happening to a lot of companies this is a real ransom note that was recently sent to a company that was attacked by hackers this is what it looks like when you get attacked it says your network has been infected your documents have been encrypted and to get them back you have to pay is what this ransom note is telling you hackers want a hard to trace crypto currency called monerno you have limited time to pay these hackers or the price will go up and you might not get your data back. that's pretty scary stuff for a lot of companies ransomware is surging and so is demand for negotiators there's a cyber company that helps victim companies deal with the attack and necessary payoff the crooks to get their data back >> some clients are extremely angry. a lot of these victims are also in shock >> reporter: now the first thing his team does is figure out if they can get back up and running without the hackers intervening. if they can that means they have to talk