lauren: the tech heavy nasdaq hit even harder down 2% with facebook, amazon, apple. losing about $90 billion in combined market value. cheryl: the dow now vacated for the year in futures pointing to a mixup in number by nine. s&p barely in the grain. nasdaq 20 lower fractionally. lauren: stocks rebounded slightly from the selloff picked the selloff. the 50th 19 points in london. cheryl: japan's nikkei down nearly half a percent. in china come in the shanghai composite up a third of 1%. lauren: back here at home, opera suspending its driverless car after one hit someone until then. cheryl: israel highness, the saudi crown prince is on u.s. soil. his message could affect u.s. policy. "fbn:am" starts right now. lauren: good morning. fatah good morning. 5:01 a.m. in new york. on lauren simonetti. cheryl: good morning. i'm cheryl casone. more on uber is hillary in a few minutes. this could disrupt the industry as a whole. lauren: usually a listless driverless car and it was deadly this time. cheryl: staying with technology come of this story still facebook this morning. t

facebook, apple, amazon, netflix, and alphabet's google. at you see is the s&p 500 index of the fang stocks versus the blue, which is the huge drop in facebook. if you go into the movers, you will see it. the low point of the day, it closed off the low. the declines in these stocks were significant. that as interesting is one of these stocks falls, traders tend to sell them all off, and that created more of a tech frenzy. go into the bloomberg one more time. g #btv 9581. actually, i'm going to go one more time and bring up 9561. and what you see here is the s&p has had itsellow own struggles. the blue boxes are where you see the tech stocks really falling, and today was a huge story. it werelysts said if not for facebook and apple, it would be the trump concerns weighing on the market. we have the fix up some 20%, the most in five weeks. that certainly adds to the anxiety as investors look ahead to the once a rate hike. betty: investors already on the edge. facebook is addingthat to those concerns. thank you so much, su keenan. you have got

given the market dominance of amazon, apple, facebook and google is it time to bust up big tech? licon valley soul sucking machine scott galloway writes that amazon, apple, facebook and google have an impact on our daily lives unlike any company in human history and his conclusion is yes, big tech must be busted up. scott galloway is a professor at nyu stern school of business. i know when this conversation ends the tweets will come and people will say who is that socialist you had on? disabuse them of the fact that you're a socialist. >> i'm a full throated capitalist and i think key to capitalism is competition. they're no longer competitive because of the dominance of the companies thank you for pointing that out. i'm a proud capitalist. >> are they monopolies in the conventional sense of the word? are they akin to what ma bell was before the breakup? >> so i would argue yes, but a monopoly in itself isn't necessarily a bad or an illegal thing. it's abuse of monopoly power. a company like google which has 92% market share and then rather than taking you to the point of best inf

. >> but 5amazon is just one of te booming big tech companies along with apple, facebook and google. you'll meet the man who advocates breaking them up like ma bell. >> and new steps to keep silent. can they prevent "60 minutes" from airing her interview? first attorney general jeff sessions fired former fbi deputy director andrew mccabe late friday less than two days shy of his retirement, this stems from an internal review conducted by the inspect tor general. the report said to have found that mccabe misled investigators about his role directing other officials to speak to media about the investigation into the clinton e-mails and clinton foundation. jeff sessions' statement read in part both the reports concluded that mr. mccabe made an unauthorized disclose sur to the news media and lacked candor including under oath on multiple occasions. mccabe claimed i'm being singled out and treated this way because of the role that i played, the absenc actions i took and events i witnessed in the aftermath of firing of james comey. president trump tweeted after the announcement, andrew mcc

it's not happening and the way that you are witnessing right now facebook, apple -- >> it's not goingo happen as long as the ten-year note yield is at 2.82 >> that's the point. that's the biggest mystery why is the ten-year at 2.82? because it's the fear trade. it's telling you that the market is really, really worried about what's going on there. the libor spike was also an issue. >> it wasn't an issue. did cds spreads -- >> cds appetites increased there's a ton of buying of cds out there. >> if you look at the vix which is a well-regarded measure of concern in the market. this is doing what it does in corrections. get a big spike. it drops off then you get an echo, an after-tremor then things calm down. will we calm down to sub 10 like in 2017? no, of course not. but something that's 14, 13, we can hang out there earnings will drive it. >> our next guest argues tech's haven't drop is flashing warning signs for the market let's welcome in jim paulson good to have you back. >> thanks for having me. >> do you think tech is in longer-term trouble than others may think? >> well, i do thi

value to consumers and i think that is where receive the future the competitors will be google, facebook, apple, and netflix and comcast and charter and verizon as well but today with the terrestrial video product we never competed with one another but in that application world you have a lot of different players competing with one another some you are friends or some you are from enemies. >> now will bring john from the wall street journal into the conversation. >> you laid out a case there is a lot of competition out there so then why does the just apartment mom -- justice department don't see it as you do? >> i think they have a very static view of the marketplace with the definition they put into the trial brief. i think it is a 1990s view of the world the only nod they have given to the changes is they take the market defined that of the comcast of the world and the charters of the world and the dishes of the world to say there are some virtual places that they don't compete with what is going on and i think that is a narrow way to look at it a very backwards looking lawsuit as opposed to

this this phase and how do you think they use the information against their are you kidding me facebook apple everything that we do is basically sucking up every bit of information that we have well despite the two global giants up the center of the data scandal having roots in america on the u.k. the story has not been tied to russia in the medium artie's morocco's the of looks into it for us. imagine being a liberal a democrat and being stuck in a trump presidency for a year is it must be horrible waking up every day guessing that what russia is songe bots or hackers have cooked up the day came original that i had powerful connections to candidate trump including one time top adviser steve bannon and billionaire donor robert mercer so presidential son in law jared cushion or and consultant brad parr scale brought in the company which is now accused of utilizing data from fifty million facebook users without permission facebook was how donald trump was going to win wait a sec something's wrong where's the bad guy who do we blame this on. there it is questions are also swirling about a possib

did this this fame oh do you think they use the information against there or are you kidding me facebook apple everything that we do is basically sucking up every bit of information we have just by the two major firms at the center of the data scandal having roots in america and the u.k. a c.n.n. report has tied the story to russia more it takes a look. imagine being a liberal a democrat and being stuck in a trump presidency for a year is it must be horrible waking up every day guessing that what russia is songe bots or hackers have cooked up the day came original that i had powerful connections to candidate trump including one time top adviser steve bannon and billionaire donor robert mercer so presidential son in law jared cushion or and consultant brad parr scale brought in the company which is now accused of utilizing data from fifty million facebook users without permission facebook was how donald trump was going to win wait a sec something's wrong where's the bad guy who do we blame this on. there it is questions are also swirling about a possible link to russian metal cambridge c.e.o. r

money this this faith oh do you think they use the information against their are you kidding me facebook apple everything that we do is basically sucking up every bit of information we have where has the world big you're living in and the pan optic on and when barak obama was the beneficiary of facebook data i'll be not cold and gleaned by these characters like especially don't forget legs and in action american you say that and that immediately turns it's the dog whistle went missing the point this is about a surveillance world that we live in that's being utilized by everybody constantly look we've already had facebook why publicly about what they did and didn't know they finally had to come clean right because i actually think they have a bit of a guilty conscience having worked with to try. campaign to do things that are frankly kind of un-american so you know we'll see i understand that's the kind of party line which is whatever whatever the russian box may have done was to war by you know this large things we'll see what did they do that was un-american what well again they paid they the

facebook apple everything that we do is basically sucking up everybody the information we have by the dozen for me i'll be back in about thirty three and a half minutes with a full good news watch my weekly. kristen trumps hiring and firing practices are still surprising the recent appointments of my companion john bolton have left an impression on friends and foes alike impact on american politics. time body mail bag of the attack you might even want to get. them but i think you. are going to die me by my company and i knew god. through me that they paid. me to do it that you. may believe you just had the energy to say so if you want. to know about the natural again i've got to go to your city because the. page you see is full of them feeling hopeful and i think capable you should change the rules allow the. welcome to. the major global nuclear powers are bill that up there are stalls once again sparking fears of a new nuclear arms race. how serious is a danger well i asked matthew bunn the former white house advisor on science and technology policy and co-principal investigator from

gather your data like your shopping habits, allowing them to target you with ads on facebook. >> reporter: this morning, apple's ceo tim cook taking aim, at the facebook ceo, mark z zuckerberg. they are under fire after cambridge analytica allegedly harvested personal information of 50 million unsuspecting facebook users in 2013 and 2014. now in an exclusive interview on msnbc, cook questioning the way facebook makes money. what would you do? >> i wouldn't be this this situation. >> reporter: saying apple would never say customer data. >> if our customer was our product, we could make a ton of money. we elected not to do that. [ applause ] you are not our product. >> reporter: cook also says that apple is investigating the massive app store for potential problems. >> we're looking at every app in detail, what is it doing? is it doing what it's saying it's doing? is it meeting the privacy policy that they are stating? >> reporter: meanwhile, zuckerberg and his team behind the scenes still deciding whether he'll answer questions from congress. >> what we try to do is send the person on facebook who will have the

. >>> apple ceo tim cook questions facebook ceo's leadership saying apple would never sell customer data. >>> a second arrest in connection with the posting of a video showing a 16-month-old child smoking marijuana. >>> and what drove one superfan on the ellen degeneres show to tears. "early today" starts right now. good to be with you on this thursday morning. i'm frances rivera. >> i'm phillip mena. another cabinet shake-up. top trump cabinet official, veterans affairs secretary david shulkin is out after spending the last several weeks twisting in the wind. with headline after headline reporting him a dead man walking. president trump delivering the news where else but twitter. announcing shulkin's replacement will be his personal physician, navy rear admiral ronny jackson. >> with his firing, secretary shulkin becomes the latest in a long list of top white house officials who have left the administration. the question this morning is there another white house shake-up looming? let's bring in nbc's tracie potts in washington. can you tell us about the newly nominated ronny jackson? >>

this this phasing this oh do you think they use the information against there are you kidding me facebook apple everything that we do is basically sucking up every bit of information that we have well despite the two global giants of the center of the data scandal having roots in america and the u.k. the story has not been tied to russia are not just the of looks into a force. imagine being a liberal a democrat and being stuck in a trump presidency for a year is it must be horrible waking up every day guessing that what russia is songe bots or hackers have cooked up today cambridge analytic i had powerful connections to candidate trump including one time top adviser steve bannon and billionaire donor robert mercer so presidential son in law jared cushion or and consultant brad parr scale brought in the company which is now accused of utilizing data from fifty million facebook users without permission facebook was how donald trump was going to win wait a sec something's wrong where's the bad guy who do we blame this on. there it is questions are also swirling about a possible link to russian met

this fame and oh i do think they use the years for measured against their are you kidding me facebook apple everything that we do is basically sucking up every bit of information we have. that are going to leave you tonight with some pictures that harrowing stories coming in the breaking news you see on the right taken from central russia thirty seven and now confirmed to have been killed in a shopping center blaze in central russia these pictures are from here on scores more injured and dozens of missing including children that fire broke out in a multiplex cinema the bowling place a big shopping center on the fourth floor of a popular retail leisure complex in the city kemmer of its fear the number of casualties could rise as well it seems that at the moment the far authorities are on top of the blaze at least but now it's turned into a recovery operation conflicting reports describe the source of the far as may be starting the children's playground of the suggesting could have electoral trickle wiring either way really grim scene there for the fire service and thoughts of all the friends

headlines we reported on the proposed european union digital tax on technology firms like google facebook apple yahoo and some others well the u.s. . treasury steve i'm a new chin says the tax which would prominently punish u.s. companies is in retaliation to the trumpet ministrations plan to impose a twenty five percent tariff on steel and a ten percent tariff on aluminum the e.u. is also listed nearly two hundred u.s. products representing roughly two point eight billion dollars of u.s. exports that would be candidates for increased e.u. duties should the e.u. fail to secure an exemption from those u.s. steel and aluminum tariffs for those who could tell that there's no trade war this news proves otherwise. finance ministers and central bankers from the g. twenty group of nations kicked off a meeting today in buenos aires argentina the leaders will race through an agenda full of tough issues including those issues related to those terrorists we just spoke about german chancellor angela merkel and chinese president xi jinping reported plan to use this summit to push a multilateral response to

money this this fame and oh i do think they use the information against their i view to be me facebook apple everything that we do is basically sucking up every bit of information we have. it's now have a recap of our breaking news story again thirty seven people have been confirmed dead after a shopping mall fire in the russian city of command of siberia and now that figure is expected to rise as the search for bodies continues up to seventy people are unaccounted for including forty children a fire broke out in a children's play area within the shopping mall on saturday afternoon the exact cause of the tragedy is not yet you know all right you're watching r t international. support. themselves on the line. to get accepted over. so if you want to be president. some want. to go. this is what. people are. interested always in the. kristen trumps learning and finding practices are still surprising the recent deployed months of my complaint and john bolton have definite impression on friends and foes alike watch him play to allay fears of own american politics is. fundamentally the united state

did this this feigned oh do you think they use the information against there are you kidding me facebook apple everything that we do is basically sucking up every bit of information we have where has the world been you're living in and the pan optic on and when barack obama was the you beneficiary of facebook data i'll be not cold and gleaned by these characters like especially don't forget legs. in our share in american you say that and that immediately turns it's the dog whistle we're missing the point this is about a surveillance world that we live in that's being utilized by everybody constantly this means not doing a bridge analytic is not the issue it's the idea that we live at their surveillance state and that mark zuckerberg this this potemkin village just cardboard cut out this part and leader of facebook he's nowhere to be found because he's sitting there basically saying look you guys had me just pretend to be the leader of this state i don't know what's going on here because facebook google you name it it's not a social media platform it's a survey alledged to all of the government

did this this phase oh do you think they use the information against there are you kidding me facebook apple everything that we do is basically sucking up every bit of information we have where has the world been you're living in and up an optic on and when barak obama was the beneficiary of facebook data i'll be it not cold and gleaned by these characters like especially don't forget legs and in. american you say that and that immediately turned it's the dog whistle went missing the point this is the. but a surveillance world that we live in that's being utilized by everybody constantly look we've already had facebook why publicly about what they did and didn't know they finally had to come clean right because i actually think they have a bit of a guilty conscience having worked with the trump campaign to do things that are frankly kind of un-american so you know we'll see i understand that's the kind of party line which is whatever whatever the russian box may have done was to war by you know this large things we'll see what did they do that was un-american what well again they paid they t

money this this faith and oh do think they use the information against their i view me facebook apple everything that we do is basically sucking up every bit of information we have and with law in full flow those who leave it for now that's run to the news of the week so far tonight from moscow thank you for watching out international weekly i'm kevin now in our programs continue in your part of the world one after this break. fundamentally the united states and russia are have been for decades to scorpions in a bottle each capable of destroying the other but only at the price of being destroyed itself. said well these weapons were overcome u.s. missile defenses u.s. missile defenses were totally ineffective against russian forces already so there will be more effective against russian forces. kristen trumps hiring and firing practices are still surprising the recent appointments of my companion john bolton have left an impression on friends and foes alike what impact will lay on american politics. the far right and britain isn't just on the march it's taking violent murderous action.

headlines we reported on the proposed european union digital tax on technology firms like google facebook apple yahoo and some others well the u.s. . treasury steve i'm a new chin says the tax which would prominently punish u.s. companies is in retaliation to the trumpet ministrations plan to impose a twenty five percent tariff on steel and a ten percent tariff on aluminum the e.u. is also listed nearly two hundred u.s. products representing roughly two point eight billion dollars of u.s. exports that would be candidates for increased e.u. duties should the e.u. fail to secure an exemption from those u.s. steel and aluminum tariffs for those who contend that there is no trade war this news proves otherwise. finance ministers and central bankers from the g. twenty group of nations kicked off a meeting today in buenos aires argentina the leaders will race through an agenda full of tough issues including those issues related to those terrorists we just spoke about german chancellor angela merkel and chinese president xi jinping reportedly planned to use this summit to push a multilateral response

facebook apple everything that we do is basically sucking up everybody the information that we have a lot more to come including news that the turkish president now has a rock in his military sides talking about life right after the break. first interims hiring and firing practices are still surprising yet the recent appointments of john bolton have left an impression on friends and foes alike what impact will the american politics. of the war tell you on the idea that dropping bombs brings me to the chicken hawks forcing you to fight the battles. that you stopped by to tell you that because of the public eye. i'm telling you pull it out by. all the hawks that we all. know what. developments to tell you about now than about the turkish president who's bowing to extend the own going military operation against kurdish militias in the syrian city of afferent to other parts of the country as well as to iraq. remember i told you we can they will flee we will chase the work and with our friend the p.k. k. went to singe i will go there to operations there have become. so president everyone s

money this this phase oh do you think they use the information to gauge their i view the me facebook apple everything that we do is basically sucking up every bit of information that we have. still to come on the weekly protests or up to the boss alone to supporting the former president to give us love coming home where it's going to go right after this break. fundamentally the united states and russia are have been for decades to scorpions in a bottle each capable of destroying the other but only at the price of being destroyed itself. putin said well these weapons will overcome u.s. missile defenses u.s. missile defenses were totally ineffective against russian forces already so that will be more effective against russian forces. but politicians do sometimes. put themselves on the line they get accepted or rejected. so when you want to be president. some want to be rich. but you going to be this is what before you know more people. interested in the water. there should. connect with the whole catalonia spot as thousands strong rally in support of the former president of catalonia karla's

this this phasing this oh do you think they use the information against there are you kidding me facebook apple everything that we do is basically sucking up every bit of information we have where has the world been you're living in and up an optic on and when bharat go back imo was.

amazon is first, alphabet, facebook, salesforce, tesla, apple, all made the top ten. bay area companies, so did our parent company, comcast. >>> another company is suspending self-driving car tests. toyota ings institute said it will stop test that's were underfwha michigan and here in california. this follows a deadly crash involving one of uber's self-driving cars. they are concerned about the possible emotional effects that the accident may have had on drivers. the company hasn't decided when to resume tests. >>> new at 11:00, a stabbing in mantaro. deputies responded to her most a way around 4:00 in the morning. the victim was at a local hospital where he is in critical condition. we don't know what led up to this but when we find out, we'll let you know. >> to some other top stories. we know more about the man sexually assaulting a san jose student. managerory news obtained court records. as he chemical engineering student. the report says he tried assault one man by putting him in a hoke hold. he allegedly tried it with another man. also in san jose, a man in a

money this this faith oh do you think they use the information against there are you kidding me facebook apple everything that we do is basically sucking up every bit of information we have where has the world ben you're living in and the pan optic on and when barak obama was the you beneficiary of facebook data i'll be it not cold and gleaned by these characters like especially don't forget legs and in action american you say that and that immediately turned that's the dog whistle went missing the point this is about a surveillance world that we live in that's being utilized by everybody constantly look we've already had facebook why publicly about what they did and didn't know they finally had to come clean right because i actually think they have a bit of a guilty conscience having worked with to try. campaign to do things that are frankly kind of un-american so you know we'll see i understand that's the kind of party line which is whatever whatever the russian box may have done was to war by you know this large things we'll see what did they do that was un-american what well again they pic

down on tax evasion and have now announced concrete measures against tech giants precisely like apple facebook or google they will now have to pay more and stop declaring taxes in the country with the lowest taxation like tire the measure could benefit public finances in several european countries but could also scare away international investments. ireland is popular with tech giants who want to lower their tax bill the firms concentrate their business activities in places where tax rates are especially advantageous that's why apple google and facebook have their european headquarters on the emerald isle but the e.u. commission wants to change that they plan to impose a special three percent tax on certain divisions within the tech giants today's proposal. simply about favor for all companies they're about creating the right environment for modern businesses and they're about future proofing single market so that collectively we can rise to the challenges of globalized and digital eyes age and in the future tech companies would also be taxed where they sell their products and not just where t

amazon, facebook, apple, netf x netflix, google pushed from one issue to another. now under greater scrutiny now with facebook's crisis, don't hold your breath over regulation. >>> vice president joe biden now regrets his comments about fighting president trump. he calls the podcast how he would have acted if he were in high school, not how he would have acted today. >> we didn't want to run a few of the names we were considering for the fight by you and you stop me when you feel we hit a winner. nagasaka. 1600 pennsylvania avenue. the big duel or sparalago. >> they are all good. what i did say, was, the way this came up and i should not have said what i said. i should not have brought it up. i don't want to get into the mosh pit with this guy. the idea i would get in a physical contest with the president or anybody else is not what i said and is not what this is about. >> so he didn't mean it literally. earlier this month, biden said he would beat the hell out of trump if the two were in high school because of the way trump talks about women. the president shot bac

money this this faith oh do you think they use the information against there are you kidding me facebook apple everything that we do is basically sucking up every bit of information we have where has the world big you're living in and the pan optic on and when barak obama was the you beneficiary of facebook data i'll be not cold and gleaned by these characters like especially don't forget legs and did in action american you say that and that immediately turned that's the dog whistle went missing the point this is about a surveillance world that we live in that's being utilized by everybody constantly look we've already had facebook why publicly about what they did and didn't know they finally had to come clean right because i actually think they have a bit of a guilty conscience having worked with the trump campaign to do things that are frankly kind of un-american so you know we'll see i understand that's the kind of party line which is whatever whatever the russian box may have done was dwarfed by you know this large things we'll see what did they do that was un-american what well again they