s was on the f.c.c. commissioner rajiv paes mysterious sudden interesting decision to back out of his planned appearance there what are you hearing why did he back out what are they saying on the ground there. well he is a fan fave here and arrived extra early last year and i still got shut out it was standing room only so this was going to be a big deal and the chairman cancelled on fairly short notice after a reported death threats that are assumed to be because of him nixing net neutrality and i wish i could say we didn't see this comment but we saw the anger the overwhelming public opposition to this change when he scotched net neutrality and i winced when i saw some of the p.r. that he put out you might have seen on you tube f.c.c. chairman. answers mean tweets and it was snarky and you may have seen around the time of the vote which was just before christmas of video he put out he was dressed up as a hip hop saddle hop an all around and frankly the decorum that you would expect from somebody whose

the f.c.c. is simply performing its part. for example, the f.c.c. has in the past served as a convenor of stake holders to identify lessons learned and best practices. we've also taken into account feedback received from state and local governments and fema in terms of the policies that we adopt. michael: on the last point there, there is a stake holder advisory committee created in the law, right that fema operates? and you're a member of that? so they have the authority for another couple of years for convening that as they see fit, it's only 18 months old. lisa: they have -- that's -- they have a committee they set up under statute. dealing with their system. michael: one last question. listening to the presentation, it's right to say that one of the supervisor of this entire project was at home at the time. is that accurate? 8:31, the supervisor logged into the system, he was at home at the time? s that accurate? >> may we follow up with you on that point? michael: sure. >> thank you, commissioner o'rielly, commissioner karr? brendan: imagine wh

first, on the topic of net neutrality, since the administration's f.c.c. voted to end net neutrality in december, democrats have been working hard to round up enough senators to overrule the f.c.c.'s decision, which places control of the internet in the hands of the biggest corporations. today we reached a milestone. 50 senators will support senator markey's resolution of disapproval. all 49 democrats have signed on to cosponsor and my friend from maine, senator collins has also said she will support. with our full caucus supporting the measure, it's clear that democrats want to keep the internet from becoming a wild west where i.s.p.'s are free to offer premium service to the wealthiest customers while average consumers are left with far interior options. when we force a vote on this bill, republicans in congress will for the first time have the opportunity to right the administration's wrong and show the american people whose side they're on. are they on the side of big internet service providers and corporations or are they on the side of consumers, ent

securities exchange commission think about digital currencies we'll ask former f.c.c. official eric rohmer plus we'll get into crowdfunding with barron marble the c.e.o. of crowd fund x. and will ask rob breaux of the national farmer union to look at rural economy and farmers and ranchers and how it impacts us all and a touch of sweet reports on the investment in the rails and trains will do it all in a jam packed show but first let's get to the stories topping today's financial has lines. another day of challenging news from the digital currencies as reports came in thursday morning that south korea's justice matter once the ban digital currencies out south korea is the third largest market in the world for digital currencies where they typically trade at a premium it's called the kimchi premium and it trades above the global average of course the market website coined market cap remove some south korean exchanges from their formula for price reporting this week citing what they call quote extreme divergence this and quote from prices around the world prices for digit

of that company what the philippines financial regulator the securities and exchange commission or f.c.c. is asserting is that one of rappers p.b.r. investors the group run by founder pierre omidyar does have a measure of control over things like the company's makeup or bylaws thereby breaching filipino law which for bids for in control of media companies parry roquet is a spokesperson for president to terror. is about. it is not about freedom what was i mean genius by the reasons that result they're in control of by a foreign entity a media creation because the business of spreading information is visit with national interest it should only be owned by the beatles but the thing is. even there as you see there could be the others not those ownership but those investments and it's not the leader of. the other networks and one very telling thing too is the fact that the solicitor general who is basically the government's lawyer. against robert so it's basically the government telling the securities and exchange commission to do something about them so that alone is a very big government in

column cook updates us on the f.c.c. chairman r g i's sudden cancellation from the consumer electronics show and i just like that our team's latasha suite raises some order questions about the future of training travel united states state to. make this manufacture consent to stick to the public well. when the ruling class is protect themselves. with the fines merry go round the sun be the one percent. think we can all middle of the room sick. really. really really well. unfortunately it appears that once people learn that you've reported in a sexual assault or may have been involved in an incident that they become scared of you instead of being scared of the perpetrator. where in the world is. yeah you heard that right the chairman of the up to see fade out of the harlem shake and beloved savior of internet service providers nationwide the controversial occupant of a usually non-controversial government post is missing in action at the consumer electronics show in las vegas where pi was supposed to speak before a panel.

that maybe are not on people's radar that you see developing i think everyone's talking about the f.c.c. and they are a powerful agency and they carry a lot of weight and they're very important but they may be beat so this they may be beat to market so to speak by the private litigations there's a lot of private lawsuits out there where the first question a court is going to have to determine are these things securities they've got to figure out which a lot of what securities laws are common last. and just common law fraud out so there is a distinction as i see might not be the first person to come out and give this clarity it might happen in the in the world of a private law such as a couple a class action suit out there there are well known examples and so you're saying there that's where the law will be made i'm saying usually may have a decision by a court before we have this sort of crystal clear guy. by a c.c. or a safe harbor by a c.c. the courts might speak first do you see an example coming up at all that might spill over into a gray area because you have clients and me don't y

and the f.c.c. is refusing to even work with law enforcement to get to the bottom of this issue. shouldn't the fact that there are russian buts and people directed by the kremlin trying to influence our government processes, shouldn't that be something that we ought to be working with law enforcement? well, mr. president, i'm going to continue to raise this issue over and over, whether it's this agency's, the f.c.c.'s rule making or if it is other agencies' rule making which is chronicled in this "wall street journal" article that has been inserted in the record, this is deadly serious business because this is our democracy. we have to have the ability to operate in good faith that information that we are getting is accurate information. and when we see this kind of evidence, we know there is a flaw in the system, and that flaw might actually have its source in the name of a person named vladimir putin. mr. president, i yield the floor. the presiding officer: the clerk will call the roll. quorum call: quorum call: mr. nelson: mr. president. the presiding officer: the senator from

the app use that service providers business not discriminate that principle was overturned by the f.c.c. the federal communications commission on a three to two party line vote in december well now democrat senators say they hold more than fifty sen votes in an attempt to challenge the repeal of net neutrality that means they have picked up at least one possibly a few republican votes this news represents a small glimmer of hope about the future fate of net neutrality and the fairness principle of access to well knowledge without net neutrality we have a century created a closed and captive media caste system where knowledge is basically being outright rationed according to a pew research study last year those who live in rural areas are about twice as likely not to even use the internet as urban or suburban americans which have more choices for news and information and faster connection speeds the debate about the debate will continue and we'll see if those more than fifty plus senators might get a vote to overturn the recent f.c.c. net neutrality pullback. the news this morning is tha

this little efforts right and not really really going to go easily well exactly exactly and so the f.c.c. comes out with his weird they get a couple of paragraphs like if these look and feel and act like securities you're going to have to be regulated by the f.c.c. well guess what the reason they were doing so well is precisely because they weren't be regulated but this is the but the regulation there announcement was so strange you couldn't even unpack it well that terrified a lot of people in the united states really did there were a lot of i.c.a.o. that were coming online that just shut down because nobody wants to you know get into trouble the law be accused of being a criminal so i guess we're all the i c o's move to russia china israel. i mean the ice fields are going all all over the world now but not in the united states because everybody got scared what are we doing that it's crazy what i thought i mean this is you know i just didn't they closed down i suppose china and russia know well. i think they've made various belligerent statements but i think i think of china and russia

the app use that service providers business not discriminate that principle was overturned by the f.c.c. the federal communications commission on a three to two party line vote in december well now democrat senators say they hold more than fifty sen votes in an attempt to challenge the repeal of net neutrality that means they have picked up at least one possibly a few republican votes this news represents a small glimmer of hope about the future fate of net neutrality and the fairness principle of access to well knowledge without net neutrality we have a century created a closed and captive media caste system where knowledge is basically being rationed according to a pew research study last year those who live in rural areas are. about twice as likely not to even use the internet as urban or suburban americans which have more choices for news and information and faster connection speeds the debate about the debate will continue and we'll see if those more than fifty plus senators might get a vote to overturn the recent f.c.c. net neutrality pullback. the news this morning is that i.b.m.

that stodgy company up in rochester coming up with its own block chain and the kodak token well the f.c.c. has taken the view that certain securities where when they're issued in support of a specific project and then people purchase them with the expectation of profiting mostly the secondary market could be securities and other regulation and either require it to be registered or be issued subject to a specific exemption but rules have to be followed i will say generally so far the f.c.c. has been much more conservative in this space than the c.s.t. see but we'll see what happens going forward yeah i actually agree i think they should go ahead and regulate a minute as equities while they don't have anything better gary do all special county council it. thank you so much for joining us very very much appreciate you being with us thank you good to talk to you bart. bitcoin has taken a big tumble as of late for more let's check in with our d. correspondent alex behala bichon toronto alex what's what's the latest in the world of digital currencies it's been a roller coaster ride are the best

you know so so how much dialogue if any or do you have the f.c.c. do you are you do you have dialogue with them or how does that work that relationship because they're clearly they're looking at this very closely yes they're looking at this very closely because with anything with this much attention and this much impacts globally you want there are going to be some bad doctors right for us we don't have any direct contact with the f.c.c. but we do pay for a very expensive partner is you know the perkins kui firms and into lloyds who actually do have contacts with c.c. and are working very closely with us to make sure where we're going to step in where being very above by our own board but of course i guss lord in how we execute and operate the company justice you see seems like there are looking to encourage innovation at the stage of the game they don't they seem like they're really trying to sort through all the players of this and try to warn folks when they see the obvious. bad actor there they're trying to encourage folks that are doing doing w

the company got aware of the floor spot before the news actually trickled down to the public and the f.c.c. probably will have a look at this issue but personally i cannot really imagine that it's a case of insider trading because that would really be too obvious it would be the most obvious case of insider trading ever let's talk about the company then because these chips just everywhere what does this mean for intel well first of all for the second consecutive day the stock of intel was the biggest loser in the dow jones industrial average at a couple of scenarios are possible for example there could be charges there could be higher costs of for upgrades and then also intel could lose some market share to the competitors even if that might be not as easy as in the past if we think back to maybe ten fifteen twenty years ago when it was the big battle for example between advanced micro devices and intel for computer chips those could be replaced rather easily but today's semiconductors are highly customized so it won't be that easy for the competition to take market share away from intel a

federal communications commission that is oh so friendly to big national corporate broadcast companies f.c.c. chairman led the charge against net neutrality and the liberalized cross ownership of broadcast stations and newspapers seemingly to enable the mega merger of right wing sinclair broadcasting and tribune company these particular issues hit home for me where else do you see regulation run amuck. yes me i detail i'd say this as you know. there is a frustration that there are too many regulations kind of probably everywhere and on both sides of the aisle i think they have too many here got too many there they come down to ideology and i think we've seen kind of some funny ideology just of we can have a go the president says ok we can now drill for oil anywhere on the coast of the united states anywhere and you have all these republican governors and congressmen saying wait a minute not in my state you can't write a congressman mark sanford from charleston south carolina where the most conservative republicans in the house of representatives says absolutely not i mean it's unbelievable s

the f.c.c. did not follow the rules of procedure they didn't go through due process the embankment as sensually issued an order to shut us down without giving us an opportunity to respond to what the special panel found it so we didn't get that chance it wasn't a normal process and what we will do is prepare to fight now although president rhodri go to turkey denied having and fluence over this decision he did have some strong words to say about the out. of it because it's our right we're in when i'm not good policy. we will not infinity and a deal better so be armed. but. if. you know that. i am not so right. out of it going to start all of so. this all taking place as deter take continues to crack down on the media in fact according to reporters without borders the philippines is the deadliest country for journalists in asia and it sparked outrage online with journalists activists and celebrities calling this an attack on democracy and on press freedom they're sharing the hash tag i stand with

s the summer during the summer the f.c.c. said most of these i suppose are securities of course that you know they have to make that distinction what's happening in the i.c.a.o. market i believe you represent i.c.a.o. companies and you're you're doing so from a legal perspective what's happening in the size space we're going forward so my firm we do a sort of soup to nuts type thing you know from the very beginning we often deal with issues on the backend you know so that it represents what happens on the front end because there's a lot of issues with that. you know there there are a lot of different types of. products being offered through these i.c.'s i think you know my feeling on it is like do you really need to raise one hundred fifty million dollars in two minutes a part of our cap probably not we have about ten seconds to say growth in that area yeah yeah there is that there is immense scrolls and twenty doesn't lead to another big growth area absolutely but i also see the coming down on it a lot harder than they have

been more important when you have someone like donald trump in the white house and he could order the f.c.cto basically fine c.n.n. at n.b.c. any time they broadcast the story that trump found to his disliking which we know happens probably dozens of times a day so i think. germany's law was well intentioned but it's the worst possible response to fake news a far response this is asking the social media to take better care to the extent that they can in their dissemination of. yeah i think it's going to take a combination of solutions right and obviously it's no surprise that my my advice is that occasion because the truth is this regulation also addresses today's big news rate it doesn't account for what's going to happen in five years down the line in ten years down the line and that's where education comes in because what we're looking at is really building skills great in skills that can you know surpass technology changes and media change this and that's what's really important about education as a tool to resolve some of these issues it's not obviously going to you know help us solve

offering digital instruments whether characterized as virtual currencies coins tokens or the like the f.c.c. and see if the city will look beyond form examine the substance of activity and prosecute violations of the federal securities and commodities laws and will continue to address violations and bring actions to stop and prevent fraud in the offer and sale of. digital instrument reminds me of that scene in meet the parents with robert de niro and ben stiller. and now we go to miami where are two years nicholas o'donovan is at the north american bit coin confort nicolas what's going on there however miami has become ground zero for the crypto community hundreds of investors and to c.s. and experts have gathered here for the north american. conference everything from technology. and regulation is being discussed here actually future regulation is a big topic within the crypto world some say in that regulation is necessary in order to avoid extreme volatility others say that any sort of regulation would kill the idea of a crypto currency then there is the issue of countries such as china a

know currencies you know i like the block chain technology i'm not a fan of bitcoin until we see the f.c.c. actually decide to start regulating the cryptocurrency side of the equation i'm not a big fan i see there's a bubble just like everybody else does now you know there's news and we're going to talk about it a little bit more on this program tomorrow there was another big loss at a crypto currency exchange in in japan last friday and they don't know if the money is going to be there to cover it so i also share your pessimism at some points on you know what's going on here it needs to be regulated i think although there's a future let me ask you about president trump is obviously going to talk about the all the economic records and the the stock market highs and talk about we've got this great economy right now but just today we saw the dow drop when we went to air jeffrey three hundred twenty three points it dropped a hundred seventy seven yesterday that's the first two day triple digit loss in a year and today is the s. and p's worst one day fall in five months is this just normal mar

. >> reporter: the f.c.c. which helps manage the emergency alert system is launching its own investigation. saying the government of hawaii didn't have reasonable safeguards to prevent the transmission of false alert. during a recent tes, some warning sirens were barely audible. since then, more sirens have been add. others have been repositioned. >>> officials from north and south korea sat down for talks overnight for the second time in a week. the meeting went on, despite a veiled threat by the north to pull out of the game because the south korean president gave president trump credit for getting the two countries to hold talks. another meeting is set for wednesday. >>> and breaking overnight, more that two dozen people are hurt after the floor of the jakarta stock exchange suddenly collapsed. hundreds of visiting students were among those who had to be evacuated. investigators say the collapse does not appear to have been caused by an act of terror. >>> there is bitter cold in the eastern half of the coun

offering digital instruments whether characterized as virtual currencies coins tokens or the like the f.c.c. and c f t c will look beyond form examine the substance of activity and prosecute violations of the federal securities and commodities laws and will continue to address violations and bring actions to stop and prevent fraud in the offer and sale of digital instruments it reminds me of that scene in meet the parents with robert de niro and ben stiller watching you. and now we go to miami where r t is nicholas o'donovan is at the north american bitcoin comforts nicholas what's going on there how is it for miami has become ground zero for the crypt to munity hundreds of investors and to z.f. and experts have gathered here for the north american coin conference everything from chain technology to ice the and regulation is being discussed actually future regulation is a big topic within the crypt well some say in that regulation is necessary in order to avoid extreme volatility of this day and any sort of regulation would kill the idea of a crypto currency then there's the issue of countr

obvious kind of insider trading because we've seen in wall street history but that doesn't mean that the f.c.c. won't have a closer look at that and then on top of it that this see all of entailed sold all but two hundred fifty thousand office shares also does not show a lot of confidence from the c.e.o. into his own firm because those two hundred fifty thousand shares that pretty much the minimum that is c.e.o. is supposed to hold off his own company's sux. and what does this mean for intel because we're talking about chips which is just everywhere. well if we talk about the loss in general it's certainly not helpful and one of the big concerns is that maybe intel might lose market share to some of its competitors and for a second consecutive day intel is the worst performer in the doll jones industrial average by far having that said it's not that easy for customers to replace one semiconductor was another we're talking not ten fifteen years ago where theoretically it wasn't such a big deal to a switch from intel and say to advanced micro devices to me conductors we're talking about chips or

digital currencies you know i like the block chain technology i'm not a fan of bitcoin until we see the f.c.c. actually decide to start regulating the cryptocurrency side of the equation i'm not a big fan i see there's a bubble just like everybody else does now you know there is news and we're going to talk about it a little bit more on this program tomorrow there was another big loss at a crypto currency exchange in and japan last friday and they don't know if the money is going to be there to cover it so i also share your pessimism at some points on you know what's going on here it needs to be regulated i think although there's a future let me ask you about president trump is obviously going to talk about the all the economic records in the the stock market highs and talk about we've got this great economy right now but just today we saw the dow drop when we went to air jeffrey three hundred twenty three points it dropped a hundred seventy seven yesterday that's the first two day triple digit loss in a year and today is the s. and p. is worst one day fall in five months is this just normal

want there are going to be some bad actors right for us we don't have any direct contact with the f.c.c. but we do pay for a very expensive partners you know the perkins kui firms and to lloyds who actually do have contacts with c.c. and are working very closely with us to make sure where we're going to step in where being very above bar above board but of course i guss lord in how we execute and operate the company justice you see seems like there are looking to encourage innovation at the stage of the game they don't they seem like they're really trying to sort through all the players of this and try to warn folks when they see an obvious. bad actor there they're trying to encourage folks that are doing the doing what they were perceived to be innovative things and the money raised on this you know you're not going through the v.c. route and who might take equity so this is just cash how much money does raise let me ask so we raised it and decide where two thousand and seventeen and we sold about thirty two million dollars u.s.d. worth of stone pickens ok and so. how is a market for t

in this industry is fifty million dollars at the moment although we believe that congress and the f.c.c. are going to twenty eighteen boost that cap to seventy five million dollars so far the largest crowd financed i.p.o. was thirty million dollars for a company called chicken soup for the soul that brands was right underneath that with twenty four million dollars and i've got some big news for you we're excited to share that as of this morning drake grammy award winning musician global celebrity has announced a regulation campaign for his company virginia black whiskey they've sold sixty thousand cases since they launched in september two thousand and sixteen he has one hundred ten million followers across all of his social media platforms and his fans are going to be able to invest in this brand for the first time ever just a minimum investment of one hundred dollars well thank you for breaking news with with us on that one daring and we will go ahead and put it up breaking news our art to america and ask drake to go ahead and tweet to one hundred ten million followers derren marbled