we are in this wait-and-see mode with facebook where facebook is still doing damage control to convince skeptics and lawmakers who are by the way watching facebook savvy mood to see if there are any other privacy missteps, facebook is trying to prove itself to these skeptics and lawmakers. at the same time only three weeks since the ftc find came down from on high, we've seen more privacy missteps from facebook. the most recent being that facebook was paying contractors to transcribe user audio without those people knowing which bloomberg have reported. what remains to be seen in washington is, during the so-called tech lashed him how much of his right to try measures will catch up to the big tech companies like facebook, in other words, if this is the outcome of your long privacy probe into a problem that affected 87 million people, what is the bar now for future missteps from companies like facebook and other large tech companies? when these privacy issues are bubbling up every few weeks or sometimes every few hours or every few days, where is the bar now for what will a fresh ftc investigation? >> host: emily birnbaum, same question. >> almos

sort of in this wait and see mode with facebook where facebook is still doing damage control to convince skeptics and lawmakers who, by the way, or watching facebook's every move to see if there are any received problems and facebook is trying to prove itself to the skeptics and lawmakers and at the same time only three weeks since the ftc find came down from on high for the party scene more steps from facebook, the most recent being that the most recent being facebook was paying contractors to transcribe user audio without people knowing which bloomberg reported. what remains to be seen in washington is turning the so-called tech /-slash how much easier to these revelatory measures will catch up to big tech companies like facebook. in other words, if the outcome of your long privacy probe into a problem that affected 87 laypeople what will what is the bar now for future steps from companies like facebook and other large tech companies. when these privacy issues are bubbling up every few weeks were sometimes every few hours or days where is the bar now and what will merit a fresh investigation with emily birnbaum, same question. >> almost immediatel

facebook. facebook is still doing damage control to convince skeptics and lawmakers who are, by the way, watching facebook's every move to see if there are any other privacy missteps. facebook is trying to prove itself to these skeptics and lawmakers. at the same time, only three weeks since the ftc fine came down from on high, we have already seen more privacy missteps from facebook, the most recent being that facebook was paying contractors to transcribe user audio without those people knowing, which bloomberg reported. what remains to be seen right now in washington is during the , how muchtech lash these regulatory measures will catch up to companies like facebook. in other words, if this is the outcome of a year-long privacy probe into a problem that affected 87 million people, what is the bar for future missteps from companies like facebook and other large tech companies? and when these privacy issues are bubbling up every few weeks or sometimes every few hours or every few days, where is the bar for what will merit a fresh ftc investigation? host: emily birnbaum, same question. ms. birnbaum: almost i

event on facebook inviting people to storm the state secretive area 51 military base which is long rumored to housed government secrets and u.f.o.'s and aliens well despite millions of facebook facebook and facebook indicating that they would join the raid the turnout didn't quite live up to the hype. there was some revelers a few outlandish costumes but just not many earthlings and definitely no flying sources at the perimeter fence of this remote military base after an overwhelming response on social media only a 100 people showed up there were true alien fire it's tough out there of that incredible you wouldn't believe it and if you. believe are there are only there are. but far from catching a glimpse of each seat the much hyped raid was what some call to go is wanted to see the most we came out to see the dumb people make a run for it. why would you ever miss this a bunch of random people in weird costumes standing outside of a government base. why would you want to miss that that's a one more lifetime experience. the u.s. air force around top the security around area $51.00 ahead of the event it's the nevada test and training range where it tests spy planes and trains start the

facebook facebook's plan to libra highlighting lawmakers and central bankers fears that the tools of monetary policy might soon be useless because crypto currency is undervalued governed by uses faith in the system radical free market solution to digital comus one that governments around the world are struggling to deal with and one of the experts giving testament to his hearing in berlin is with me in this studio now is dr barry gaze a scene i've seen a business consultant with bearing point welcome to the studio of. what's your general feeling do politicians have any idea what they're dealing with in terms of crypto currency i think they have an idea. government of the federal republic of germany had made a block in strategy and they have shown that they have understood very well what the blocked on and she could to do it could combine secure nurse against manipulation of data the transferability of data which is an old woman. the internet we had an internet of information snow we could have an internet of trusted information sense of well you. just a simple question one that maybe politicians will ask you later today 10 years from now will you still have banks and central banks i think we will have because technology is not displacing the functional competence of banks so you will need banks for transformation of credits and time risk and lot sizes and you will still need humans but the media would change they would do this on the block like they do it today and i t. systems not on paper. crypto crosses like bitcoin theory of for example have been around for a while but they have not really caught and gone with the masses half that i mean i don't have any big con i don't use bitcoin to pay facebook's libra is going to be a big thing will it change that will it sort of make the masses adopt cryptocurrency it could change change because it has $3.00 m several adventures just compared to existing cryptocurrency. should be founded on a basket of currencies so it would be stable from the beginning and it has critical mass from the beginning if you think about facebook and twitter mutual on top of the world population shouldn't just yeah and money in network depends on network effects and this puts stock would make a mess from the beginning and. reason it's. simple user interface it's convenient for us bitcoin and it's your on drearily convenient for. oh people yeah the convenience will make a big difference won't it yes of course i think i personally think convenience is the most important factor in this game and you really think that german politicians have your head have their heads around cryptocurrency. i think so because every serious central bank has its own block and projects an

facebook is biased towards a certain point of view. this board is going to be designed to take that away from them and to make its own decisions independently from facebook, they can override what facebookebook ‘s policies say and at their own suggestions, is going to consist of at least 11 people, but no more than 40, who this people are, we don't yet know, they going to be appointed by the end of the year. facebook says those names were public as well the decisions they make. the first of those decisions is expected next year, that is when the group is going to get together to startjamming the group is going to get together to start jamming what the group is going to get together to startjamming what should and should not be available. carolyn aronson has built her hair care range — called it's a 10 — into one of the most successful styling brands in the us. now she's launching it in europe. but her brand wasn't always a success. herfirst hair care business ended in failure — because she tried to do everything herself. her motto now is to: "leave it to the experts". we wa nted we wanted to share her top tips with you. my secret is never try to do everything yourself. rely on the exper

facebook monopolist. taylor: depending on how these discussions go, what is the real threat that facebook would be broken up? is something you have to respect. i think you are seeing that in facebook, google, and amazon stock. investors don't know quite how to handicap it. if i were to roll things forward by a few years. let's say, for example, instagram was broken off of facebook, i think you would ultimately have value creation because i would suspect the instagram assets growing at a much faster rate than facebook. facebook would probably be showing much better margin at the core. he would have necessity to re-duplicate some of the targeting infrastructure and sales but ultimately i don't think it would be a game changer in terms of just being company ending. would it disruptive? certainly. taylor: what we have heard is the market actively pricing in, let's quality conglomerate discount -- let's call it a conglomerate discount to facebook? michael: one of the examples i would point to out of earnings that i thought was probably the biggest surprise, amazon, google, facebook, currently being investigated, is basically google where you had numbers go up by 11%, the stock went up

facebook? facebook, a white flag acknowledged they're testing this idea of going away from public. one of their strength, right, to the point where it's almost kind of a form of sensorship. >> absolutely. >> we have spoken with and had various levels of conversations with all the major networks and they're interesting. i think that there are intrinsic challenges in these types of changes you're talking about which represent millions in revenue for them. making those changes isn't going to happen and it may be something has to force their hand. >> you talk about being the parent in the room and one of the accusations that twitter gets often is they will sensor certain things. and i fully support their right to do that. i make choices. >> i make the choices about who's going to be on this show. and the joke is get your own show. >> that's good. i love it. but at the same time, you can introduce buyers by sensorship. >> i think i probably do. opinions that might get suppressed. to my point, the accusation whether it's fair or not on twitter. particularly among conservative voices, oh, you know, i said this. how do you stay appearing neutral when you are trying to keep this thing rational? >> well, the, there's a lot that goes into that. and i think you guys know this firsthand. it's not only about the community. it's about the topic of the subject, the presentation of the issue. as journalists, you're presenting issues and you're trying to do it in this fair manner. is that always bias? >> no. absolutely not. >> no. and then the responses that people have are not going to be bias. but i think the thing we have to realize is that the internet the tips the scales where as you're approaching an audience that i would call a bell curve of political views. you would say this is the moderate view and this is extreme. the internet flips that on its head and says the extreme, a lot of people in the room can easily get the most attention. and as a result, we need a different code of conduct. our contract as a society of civilization was not built around letting crazy people talk. it was letting people who care about their communities come together and share reasonable ideas together in a reasonable way. the internet fundamentally has tipped that and early on, it was amazing. >> didn't know it was going to happen. in a way, you're accountable. we don't really know how your system works. your for profit. you answer to your investor. if there's like an independent body or panel that you have that comes in and regularly scrutinizes everything that you're doing, you know, political science professor, whatever it is or could you put that in? then i think we'd have a slightly more confidence in what you're doing. >> sure. it's very fair. so transparently, we have a set of community guidelines in year two. the bulk of removal of content is really from the community. when multiple people will flag an issue and say it's inappropriate rngs that goes to basically our team to review. then we take the moderator. >> it's so hard the to put into practice. so difficult to kind of be an arbitrator of viewpoints and something that facebook and twitter continue to trip all over even though they're spending billions of dollars trying to solve that problem. >> sure and some may be scale that you are able to handle the amount of stuff that's coming in. >> i don't think so. i think that's the argument they're going give, but there's plenty of, there's plenty of content they're taking down all the time. they are reviewing virtually every piece of content with some mechanism of check. be it adult content. be it certain keywords and phrases. certain types of activities. all things we check for as well. i think fundamentally is a choice. it's a choice by the platforms that it is, and they'll use that as an excuse. but the it's a choice by those platforms that benefits them more to potentially have those extreme form of communication. >> on a closing note, you are a -- before you were doing this. >> correct. >> was this something you had always wanted to do? how does one go from tevo to trying to change the world through people t

facebook w. . facebook facing trouble again this time in the form of an trust investigation 8 states want to know whether facebook has been bad for consumers. at the info consumer electronics show in berlin foldable phone makers say they're all about the big picture. and a hairy problem at the heart as a whole industry will tell you why the country shepherds are taking a stand. this is the w. business i'm on in berlin welcome it may have just settled one privacy investigation with a 5000000000 dollar fine but facebook's troubles and the united states are far from over an alliance of 8 states plus the district of columbia announce an anti-trust probe into the social media company the new york state attorney general a t. shirt james said in a tweet that the aim was to find out whether facebook quote endangered consumer data reduce the quality of consumers choices or increase the price of advertising this follows an announcement from the justice department that it would also be conducting a competition review of online platforms. joins us now from wall street dns if this probe finds that facebook did indeed behave a

facebook facebook google all these groups amazon has $1000000000.00 contracts with the government they created all the intelligence files for the government should have a corporate state that's come together now and are watching everything we're doing you know a techie nerd friend of mine told me that if a movie i've seen disappointed me i should never e-mail to friends calling it a bomb and in another interview of yours i heard you speak of a client that the f.b.i. posted based on a facebook post talk about operation vigilant eagle. operation vigil a goal was laid by the wall street journal several years ago and what it is it's tracking the part of homeland security and the pentagon tracked all returning soldiers to this country because they're considered possible terrorist threats the case that we handle was a young marine named brandon robb who had been jogging early one morning on the saturday in richmond virginia and he got home and he was typing on this typewriter and is a decorated marine by the way he captured weapons from the taliban al qaida he defused mines for the soldiers well he came back he was in research and he was typing one morning and he hears a knock on the door she goes out and he sees all these cars in his front yard swat teams come in that are people in plain clothes a black ties they said they were the f.b.i. on the part of homeland security and the police and this is a man who did not own a weapon by the way the dangerous most dangerous thing you

sticking with facebook, facebook plans to double its headcount in new york city and hire more than 3000 people over the next five years. the expansion could set facebooksome of the biggest firms in finance including goldman sachs. join me to discuss, olivia. >> it is starting off with investments in digital technology and now on the flip side of this, the other technologies coming for wall street. >> facebook saying they want to double the count here in new york and during research for the story, i was looking at the profiles. >> is it because they were at those big companies or new york is desperate for tech savvy people? >> i feel like a lot of engineers coming out of those institutions had traditionally have gone into the finance sector and facebook is looking to recruit engineers, they are also now trying to target those instituions and recruit directly out of them. we spoke to one recruitment firm that said new york's fight for talent is the fiercest she has ever seen and it is bound to get worse because even though we have facebook saying it is going to double its headcount over the next two years, we also know that google is trying to do the sa

facebook so their friends and even strangers can know everything about them. is your question to me, do you lose the right to privacy in information you give to facebook, yes and no. if facebook confines it to the people for whom you intend it, you do not lose your right to privacy but if you intend to give your phone number to your 1500 followers and facebook exposes it to 150 million people, they have violated their contract with you. it's a civil violation and you have a cause of action against them if you can quantify the damages. it is absolutely not criminal. >> my point is i would never give my phone number to anybody, if i didn't want it to be public information. so to some extent, people are crying about information they voluntarily handed over to facebook. >> theoretically, if someone sued facebook because their phone number got out to 400 million people, the defense would be what did you think was going to happen when you gave it to facebook? you know what facebook does. sort of an assumption of the risk argument. >> we are focusing on phone numbers and steve moore complaining he doesn't understand the younger generation. i would like to point out scott is closer i

facebook's offering i just would like to know who your competition is. it's not readily apparent. facebook's terms of service maintain that users, quote, own, end quote, their data yes facebook has prevented users from transferring data to certain rival platforms, including twitter, find, foxer and message me. how do you reconcile facebook's stated policy that users own their data with facebook's repeated refusal to allow users to transfer their data to their data to rival platforms. >> congressman, we do offer a data portability product and offered that product for a long period of time. it's called download your information. we have improved the product in the wake of the gdpr in europe. we're actually a member of the -- >> you can actually transfer the facebook data to another platform? >> congressman, you are able to take your data out of facebook to another platform, yes. we are also members of the data transfer project, along with several other companies to try to look for ways to facilitate better data portability. and our ceo mark zuckerberg has called for regulation in this area because of many of the difficult technical and privacy issues at stake. it's one we hope

tweeted that he just received information from facebook, facebook is pledging to put some of your videos back online. what's your response to that? >> so facebooksed two abortion interests-to-two partisan abortion interests to punish by account and three million followers on facebook. they've been saying we're going to fix it, we're going to fix it for over a week. they're saying to it senator hawley and senator cruz and others, who sent a letter to mark zuckerberg saying why are you using abortion interests as your fact checkers of a pro-lifer. we'll believe when it we see it, as of about ten minutes ago the violation tags were still on our accounts punishing our pro-life accounts online. we'll believe when it we see it. >> tucker: the last time we had a pro-life guest on this show, the attorney general of california tried to force him not to talk any more. is this, is this a feature of modern american life, where if the tern general of a state doesn't like your opinions he can legally get to you stop talking? when did this happen? >> yeah, it's preposterous, david galadan worked with live action for years before he and sandra merrick did thei

facebook and there's damage being done to lots of startups. >> seems to me that google and facebook tend to win when you talk about users, who likes to use the platforms. it gets more dangerous when you talk about the advertising market, the power they have, whether they're advantaging their own products over competitive products, things like that. >> right but this is not a new thing, yelp has been complaining for years. >> they were the lone one crying out, base camp is now complaining about them >> the fact of the matter is when is the last time blank. i wrote this recently, when was the last time there was a new online advertising major power, last time there was a search engine or social media network 2011 for that one. for snapchat under siege from facebookebook recently announced as they begin to integrate instagram into facebook platform, a version that snapchat already has i think smaller players have a lot of reason to complain about it, and then the question does it hurt customeronsumers, even like it, they're able to provide those prices which is free essentially because they have the monopoly it is a complex time for these companies and they need to be very careful because regulation is coming obviously. >> i realize we'll get more details on the state attorneys general and probe into google later today at this event. that being said, i mean, you already have federal regulators in the u.s. taking a look at big tech the fact that you have the state attorneys jumping in with a separate investigation, how unusual is that? >> not at all. that happens all the time. there's always these things happening and they come in a confluence, and the interesting thing about states attorney general, it is bipartisan. it has been that same thing i

facebook. it may hide its likes feature. mark zuckerberg and facebook seemingly wanting to make facebook seemingly wanting to make facebook betteru think they are doing here? iam kind what you think they are doing here? i am kind of a cynic here. we are talking about facebook‘s like button and their data protection track record and what they are doing with children's data record and what they are doing with child ren's data and record and what they are doing with children's data and how the regulators around the world holding this company to account. great that they are hiding the like button, this changes nothing. how are you impacted on social media does make by social media? some viewers are saying that it impacts their social media and what do you say?” saying that it impacts their social media and what do you say? i use certain social media for work purposes only but i don't use things like facebook or instagram. are you concerned about what they are doing with your information more than your mental health? yes, yes. i think there track record indicates that. thank you for being on the briefing and thank you for that — —— y

facebook has yet another security issue and this time it involves a compromise server containing hundreds of millions of phone numbers which had previously been tied to consider customer accounts facebook previously had a feature that allows users to look up other users based on their phone number no the server that was compromised does not belong to the social media giant but was also not password protected security researchers jane found the server and said it contained the records of 419000000 facebook users facebook however said it says the number was half of that according to the report in some cases they were able to find a user name country and gender as well joining us now in the street to the stars there's a whole host of topics in. cyber security expert and president. software chuck todd shipley todd good to have you here only here that so you know you're the expert so in terms of best practices how is it the company like facebook so huge can allow a vendor to have all this personal data that's no longer use on a server that is not password protected well sure i mean it's a huge problem for facebook and it's an ongoing issue that they've had for some time their desire originally to be open with their data and share things has caused a lot of problems for that company obviously cambridge analytical had data but this is a much larger data set than any of those and i think we're going to find that there's more data out there these at a point time there was a place where facebook

facebook. facebook is banning single use blastic water bottles at all of its new cafeterias worldwide. that includesloye cafeterias in fremont, san francisco, and sun sriville. the company will install water filling stations instead. >> your ride to work could become less expensive. how to integrate the fares of all 27 bay area transit agencies. the goal is that when you transfer to a local bus or ferry you get a discount. ridership is down on some transit. >>> apple released the newest iphone update today called ios 13. apple says it'll have a lot of new features. new iphones will come with ios 13 preinstalled, but you can install it on any 6s or newer phone. it is supposed to have better privacy features along with 3d cities in apple maps. >>> who are you going to get a area mayor and it's about saturday's battle for the bay. >> we'll have volunteers coming out of the woodwork we look forwar taking on your two mighty cities. >> for almost 30 years now, the third saturday in september has been california coastal clean up day. the mayor is making a bay area challenge. sam wants to make his rival mayors. >> get ready to wear a san francisco giants jersey because san francisco's going to win this one. >> we are all going to be battling for the bay, and oakland is going to win. come on, people. i need you to sign up. >> and signing up is easy. >> pretty fun. >> go to battleforthebay.org and sign up for any team. >> i've got to pick my city here. this is a big battle. >> can we vote three times? >> we can facebook live our whole way through it. >> we've got a great weekend ahead? >> we do have a nice weekend after cooler weather most recently it's going to heat back up. 90s in napa saturday and sunday. more details on the hotter forecast and where the rain is headed in just a few minutes. >> speaking of weather, neighborhoods washed away, update on destruction of tropical storm moving its way through texas. >>> general motors recalling nearly 200,000 chevy malibus. the company says a software glitch could disable the engine. the glitch could cause the engine to stall. chevy says it will contact you and repair it for free. >>> if you would like to own a piece of san francisco's air bnb, you'll have a chance. the company announced plans to go public next year. airbnb has more than 7 million listing in 100,000 cities worldwide. the company said earlier this week that it made $1 billion in revenue in the second quarter of this year. however, it did not reveal its profits. >> okay. as some of you kn

facebook. julia boorstin with the story. julia? >> sara, facebook is giving more details on the independent oversight board it's creating for content decisions. the board will have between 11 and 40 members working part-time. facebook is stressing the independence of these board members. they will be paid out of a trust and facebook also said they'll be transparent about their decision making. mark zuckerberg saying, quote, the board will use our values to inform its decisions and explain its reasoning aopenly and in a way that protects people's privacy. facebook's goal is to shift questions about the company's bias and what qualifies as inappropriate content or fake news away from its executives and over towards its new board >> julia, thank you very much. we'll be back for more on that later. >>> fedex reporting q1 earnings missing on the top and bottom lines, cutting its forecast and quoting a weak environment trip, we've also got don joining us who's disconnected.

facebook users facebook however said it says the number was half of that according to the report in some cases they were able to find a user's name country and gender as well joining us now in the studio it's just it's in a whole host of topics is cyber security expert and president bashar software chuck todd shipley todd good to have you here and you hear that so you know you're the expert so in terms of best practices how is it the company like facebook so huge can allow a vendor to have all this personal data that's no longer use on a server that is not password protected well sure i mean it's a huge problem for facebook and it's in an ongoing issue that they've had for some time their desire originally to be open with their data and share things has caused a lot of problems for that company obviously cambridge analytical had data but this is a much larger data set then any of those and i think we're going to find that there's more data out there these at a point time there was a place where facebook was allowing everybody to get the phone numbers and other information about facebook users who were a.p.i. and i think there was a lot of probably access that was made and date data that was downloaded that we don't even know about because they've got billions of users now i think there's probably that many pieces of data that are out there that have been downloaded that we don't know exist yet and so we're going to find in the future n

but, the reason why facebook gets so much flak, is because facebook is big. facebook is so big, it had the resources to investigate internally. once it investigates internally -- when he launched an investigation, you will find something. when he finds something, someone makes it and it ends up on the front page of the new york times. i think that all of those small companies that were supposed to be doing so great, they probably have something similar going on inside. and we don't know, because they don't know, because they don't have the resources to look into it. i really just, maybe pinterest doesn't, because interest it's just not usable in the same way. because it's afford incentives are so limited. reddit, for instance, is a terrible example. they might not have the 30,000 contractors, but it relies on unpaid labor, all of the sub credits our their own little fief them, with their own set of moderators. although those people are happy to be doing that work, that is unpaid work. is that unpaid labor really that much more ethical, than someone making less than 40

facebook. facebook makes me nervous especially lately. you say shred everything. however, regular shredders that shred vertically are not good? >> wework put those back together at the fbi laboratory so wework could do it they can do it. i prefer to use a micro cut shredder it turns paper into confetti and there's no technology to put it back together. the same price and all the manufacturers make them as just using the right tool to do the right job. >> don't get the ones that i have. >> the thing about this, if you go to the store and write a check, on the check is your address, your bank, account number, routing number, your signature on the signature card back at the bank, and then the clerk has written a drivers license and date of birth on the front. you don't get the check back to all the information i need to get into your account. >> the ground is fertile but so is the airwaves. wework had tim cook in the past hour and a half unveiling glittery new apple watches. apple iphones, that make you more connected than ever. if you had somebody sitting in front of you saying i want the new watch, new phone what would you say. >> i be careful what you do with those tools. wework will end up that her phone will be able to identify. where eliminating passwords really quickly. when you press an app on your phone, that will identify you to the call center and to the atm. unfortunately the phone will be your tool. liz: fingerprints, retina scans, what about the opportunity, you cannot duplicate a figure print. >> that had a problem with biometrics, if i take it converts it digitally into numbers and letters but if i capture the numbers and letters that i turn around and have your image and figure print but as you know, the company was breached out of 20 million figure print and biometrics the do it for the office buildings and banks for access cards. they stole the data for these companies in the uk, australia and the u.s. they were breached. liz: dna, all these sites, find out your ancestry, your dna and your background. >> i would never do that unless i had in the contract that is destroyed the moment they finish making the dna. not that they keep it or sell it or marketed to anybody else. liz: the book is called scam me if you can. i love the title, frank the con artist in catch me if you can. good to see you. thank you so much. closing bell is ringing in 16 minutes, 2 trillion-dollar question, forget the ipo, what about the ra saudi ipo. gasper arena, the man, the myth is running with answers. the latest edition of everyone talks to liz podcast. you gotta listen to it. you can go back to the first one and listen to every single one of them for the most inspirational and aspirational stories. they will inspire you ♪ ♪ liberty mu... line? cut. liberty mutual customizes your car insurance so you only pay for what you need. cut. liberty m... am i allowed to riff? what if i come out of the water? liberty biberty... cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ that could allow hackers devices into your home.ys and like all doors, they're safer when locked. that's why you need xfinity xfi. with the xfi gateway, devices connected to your homes wifi are protected. which helps keep people outside from accessing your passwords, credit cards and cameras. and people inside from accidentally visiting sites that aren't secure. and if someone trys we'll let you know. xfi advanced security. if it's connected, it's protected. call, click, or visit a store today. liz: how about that, the dow has turned positive again, up two-point but has been down 118. it is again at 21. goldman sachs, morgan stanley and j.p. morgan all looking to grease their wheels with saudi arabia coming raincoat. there hittin hoping to get paydn billions of fees. usually hundreds of millions. but now it's billions that could be associated with oil joint market debut. charlie gasper arena is here with exclusive an info. >> a year ago in october, the journalist was murdered, assassinated and a lot of people believe the crown prince had something to do with it. this is coming on the one-year anniversary. this is interesting this is interesting that wall street did not care, they put it aside and they did for the deal. here's what wework know in terms of the size, they will value saudi arabia, the big oil company which the train to bring public because they want to attack and other issues. it's to flow the deal and get capital. they were value the whole thing a $2 trillion. i can't tell you how much the do initially. they will understand this year is going to be the first one, this week will know the underwriters. here's what i understand from my sources who have spoken with saudia ram company. j.p. morgan as the book runner every bank is going to be involved. they are going to be the lead bank banks that handle most and get most of the economics, the one at the top is going to be j.p. morgan and from what unde i understand will be goldman sachs. both have pushed to do this deal and wework should point out when others when wall street said they were boycotting the crown prince conference early in the year, after the assassination, the wall street said wework are not going to go. they did send representatives. in the on-again, off-again clearly wall street that it was on again, that's why they sent the representatives to the conference and every one of the banks essentially went there, goldman sachs, j.p. morgan all had representatives. wework understand j.p. morgan is the lead underwriter and if you look at how underwriting goes, the one on the left is the lead and the one on the right is a second, the senior managers, it'll go j.p. morgan, goldman sachs. i understand morgan stanley is making a push to get into. this week wework are likely from what i understand to hear who they are. morgan stanley is making a push and it has been a key advisor from what wework a understand. they're all involved and when you see the perspectives, you will see every single major bank that you no. >> climbing over each other. >> at the top are those three. this is a big thing for saudi arabia. they want to diversify their economy, wework get that. liz: away from pure oil. >> they made that clear. but let's also be clear, when this is happening, the timing is just unbelievable, a journalist was assassinated, likely by the orders of the conference. liz: chopped up with a saw, knife. liz: at the embassy. >> wall street did not boycott the conference. despite the ceo saying they were not going. they went. and now they are jumping all over each other to get this deal. liz: it doesn't sound like they'll be any blowbac just business, we're just doing best what it's for sure members. >> i like jamie diamond, i like david solomon and these are people that condone violence. i am saying that money talks and it does not matter that they killed -- these are the people responsible for killing somebody a journalist but they are lining up and they will do the deal. and it's a big thing on wall street, a huge payday. although i wonder, they say they sat it out, would it hurt that much if they sounded out? liz: good question. >> i don't think so. liz: charlie gasparino. wework will have a few minutes left before the important closing bell rings. look at how axel might end up, 5g mia. how to play. . . i get it all the time. 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(vo) go national. go like a pro. but how do i know if i'm i'm getting a good deal? i tell truecar my zip and which car i want anuecar shows the range of prices people in my area actually paid for the same car so i know if i'm getting a great price. this is how car buying was always meant to be. this is truecar. ♪ liz: closing bell four minutes away. the dow is popping to new session highs. folks i need to tell you even though it is up only 21 point, even if we close higher just by a single point, that will be the longest winning streak in three months. what is it charlie brady, four or five sessions in a row? five sessions in a row. many thought it was the next retailer headed for bankruptcy, clothing retailer francesca's seeing shares double at this hour up 95%. gerri willis on the floor of the nyse with that story. reporter: this is amazing, liz. this is a company, let me explain this quarter. sales were lower for the second quarter. comp sales down 5%. but look at eps, up dramatically, adjusted up 72 cents a share versus 16 cents a share last year. people are buying it with both hands as you can see. part of what traders are telling me is rotation into value stocks. other retailers up today, you know how the sector has done, macy's tapestry which owns coach. p hb, owns calvin klein and tommy. we're seeing rotation out out oe momentum stocks, technology, others that have done very well. into areas that haven't done so great so far this year. banking shares, also moving higher. as i said, francesca, a retailer for women clothing accessories, doing very well indeed, liz? liz: gerri, thank you very much. francesca's. new iphones, new ipads, new apple watch, what didn't apple reveal today? no mention of 5g the fifth generation of telecom, superfast, right? apple is waiting one more year to jump into the world of 5g, but with 5g, mia, missing in action, today's "countdown" closer says he has picks. now to prepare your portfolio for the next tech revolution. paul detreich with the names, 5g, mia names. what are they? >> companies undervalued, value stocks, going to be the biggest beneficiaries, will be the most disruptive technology of our lifetime. the national science foundation said this was the most important technological advance since the guttenberg printing press. liz: wow. >> 3g was blackberry, 4g was iphone, internet apps, uber, facebooks, this this will pass them all. 100 times faster streaming this will change everything. the companies beneficiaries are at&t, verizon, qualcomm, apple. they're all undervalued or fairly valued at the moment. liz: by them now to catch the wind that may come next year with 5g roll-up. however apple unveiled brand new iphone 11s. the 11 pro max is something like 1199, not cheap. will that work a year later when 5g is rolled out? >> it will work as it is today but, the advances of 5g will be a whole new network platform. liz: you have to buy a whole new phone? >> that's it. you need to buy apple now. think about it. over the next three years as 5g is everywhere, every iphone in the world has to be up graded. [closing bell rings] liz: apple certainly a member of the dow 30. the dow hitting session highs in the final hour, minute of trade up 52 points. that will do it for the "claman countdown." thanks, paul detreich. melissa: on wall street stocks mixed at the close on global growth concer

facebook as well as against other companies so far those probes has not produced any results that investors think might become a fundamental problem for facebook if we'd take into consideration the share price a facebook for example at the moment it's trading around about 6 percent below a record tie it reached last july but also in july facebook was hit with a $5000000000.00 us dollars fine by the f.t.c. the federal trade commission in the united sates so of course some of this is being priced in here but basically i think it's fair to say markets and investors to continue to believe in the business model of facebook and of course i also have to add facebook it's coming up with new ideas every day now they are planning it dating app they want to matchmake their uses i don't know whether this is going to be come you know data related problem it's see it would be a good match the caret buson thank you very much like for goods maker the we've been told is cashing in on a surgeon demand from china but it's not planning a moving mehta factoring there to be closer to its customer all cut costs it's chief executive say is asian shop as a note interested in products made in that part of the world this is pro

facebook. facebook took action not on everything we reported but of the posts and groups and pages that facebook took action on, we estimate that those posts, pages and groups reached approximately 750 million views just in the three months leading up to the european elections. and i want to pull a couple of important things out of that. the first, of course, is that any reports you may have read about the demise of disinformation in the electoral context have been greatly exaggerate rated. second, i want to mention there are ways -- this demonstrates that civil society can do detection and can do reporting. and there are ways to optimize that. the top one would be lines of reporting. it was difficult for us to get facebook to take action in a time frame that was relevant to the upcoming european elections. we were able to do that because we have a certain measure of access and because we were able to bring a certain amount of pressure but that's too high a bar. there needs to be better and easier methods for civil society to report disinformation that they've found and get that taken care of. t

owned by facebook, unveiled facebook horizon today. users can interact with one another in virtual town, rolled out next year. >>> coming up, getting more sleep, experimental treatment developed in the bay area helping teenagers catch more zs. >> and jimmy. >> hey guys, live all week tonight, robert de niro and music from bastille and charlie scx. stay tuned. >>> h now,ity man called himself american nationalist on probation nest next five years. violent trump rally in berkeley, hitting people over the head with wooden cane. he pleaded no contest. be right back. welcome to the carnival 30 minute tour. hey, shaq. it's a 30 second tour. no man it's like... now it's 26. welcome aboard. mini golf. relax! relax! relax! you take this man to be your husband? i do. married. no time for basketball. pool. carnival. choose fun. >>> helping teenagers get more sleep. d researchers found subtle light flashes in last two hours of sleep combined with going to bed earlier can help reset body clocks. sleeping almost an hour more each night. >>> show mus

facebook activity log. taylor: privacy data has been a big focal point of facebook. is now the right time to be launching new products where there is a camera or microphone when there is so much of scrutiny and arguably the least amount of trust and facebookn facebook? >> it is the right time. essence ofis the what facebook does and that's what these devices are centered around. we have taken every precaution we can to make sure people feel comfortable with the devices in their homes. when they have that experience of connecting with somebody that they care about who does not live nearby, they will experience something special. time when comes at a antitrust scrutiny is at the highest. when you think of facebook, a lot of people think of apps and software. is now the right time to expand and go into tech, homes, and tv? >> this category is so new. smart displays have only been in the market for two or three years. it is early and everyone wants to experiment. it is not very big, but it is growing year-over-year. if people decided they are excited about video calling, and we think they will be, portal will be a great fit for them. taylor: joining me to discuss further is kurt wagner who covers facebook. i wanted to talk about the privacy i

facebook. that sweetheart deal was a $5 significant, so a chunk of change, even though it pales in comparison of facebook's overall revenue. what do you make of that ruling when it comes to privacy and how it changes the mode of conduct and the way that business practices will on full for the business is going forward? >> the facebook, the settlement is quite extensive, and it required facebook to create new types of oversight ,nd monitoring and reporting having obligations going up to the board level. it is quite extensive, and of course, a $5 billion fine dwarfs any other privacy find that has been imposed really anywhere, so i would not call it a sweetheart deal. dwarfs$5 billion fine any other privacy fine that has been imposed. i think it sends a strong message. caroline: do you think tech companies are getting the message that rather than having to respond to regulations, they can in some part get ahead of the curve and ensure that they are abiding by the letter of the of and the general meaning the law before they are hounded by you, for example? >> i think you are right about that. i think they are paying even more attention to some of these issues. a lot of the companies have paid close attention to some of these issues, but i think it has really become a board level issue in a lot of companies because the

journalism you actually call out facebook for undermining [smith] explain in short form how it is that you think facebook undermines the free ess. [mcnamee] so facebook and google have the same thing. so what they did was they provided really compelling, really convenient services to people and they get all of us, i mean literally everyone their services. they en systematically gather e data known about these people, including going to your credit card processor to get your credit cardransactions, to your cellular phone company to get your cellular location data. they have literallperfect . so if you're a marketer or a media company. you have to go through them to find your audience. [smith] and we as consumers are going to be served messages that align with our behaviors. [mcnamee] and t everything served through this portal controlled by these guys. and so here's the the problem if you're journalism. basically, the deal these guys offer is you have to give me your content for free. i'm gonna monetize it with ads and i'm gonna keep the profit. that is a terrible deal. [smith] the economic distress of journalism is the thing that has undermined the f

facebook including in its larger antitrust investigation. take a look at the this chart. how does this weigh on facebook? facebook, google all up double digits. stock least antitrust exposure is netflix what exactly is the market and investors pricing in, in terms of scrutiny from an antitrust perspective on facebook, mark? >> okay. i was surprised by the results of your panel. i would think that of those companies google is probably the company that faces the most antitrust competition examination risk i think facebook's issues are different. i think they have to do a lot more with privacy, data privacy concerns they have somewhat checkered history when it comes to that. so anyway what's happened, those is there's three big risks maturity, competition and regulation regulation has become as big of a risk in the last three years what's happened investors have taken down their target multiples by a turn or two prior to all of this breaking out, you had facebook getting around 25 times earnings the market is saying we're not going to put that on bus we don't know what the breakup potential risk is. we'll take it up

don't think it means facebook don't think it means facebook is off the hook here. >> doesn't this show that zuckerberg, facebookbig tech is starting to be proactive instead of reactive or on the defensive area >> we have seen morezuckerberg call for global regulations such as privacy and portability and the like. global regulations such as privacy and portability and the like. the conversation becomes where does the rubber meet the road here, and does facebook global regulations such as privacy and portability and the like. the conversation becomes where does the rubber meet the road here, and does facebook agree to the kind of legislation that lawmakers intend on passing? will lawmakers be able to come together? will democrats and republicans be able to agree on brought technology framework? >> of all of these issues we've discussed, data privacy, antitrust, what was the most important this week? >> i have to imagine antitrust is a huge focus for facebook in terms of properly framing this in the way they want to. they are under investigation for multiple fronts. ton of conversation around big tech. of all the

facebook. in twitter. [laughter] disagree.ctually the smaller companies, certainly may be the pinterests of the world, they have designed their products to be more limited in scope. the reason why facebook gets so much flak, is because facebook is big, and because facebook is so big, it has the resources to investigate internally. when you launch an investigation, you will find something. something, someone leaks it, and eventually, it ends up on the front page of "the new york times." those small companies who are supposed to be doing so great, they probably have something similar going on inside, we don't know because they don't know, because they don't have the resources to look into it. may be pinterest doesn't, because it is not usable in the t, foray, but reddi instance, is a terrible example, because it relies very much on unpaid labor. reddits have their own moderators, but that is unpaid work. is it much more ethical, unpaid labor, then someone making $40,000 a year in arizona who has nine minutes of mental health breaks every day? i am actually not sure. athink -- has anyone look reddit in the lead up to the 2016 election, it was not a good place, it hasn't been a good place for many, many years. it was ground 04 t

facebook. facebook is embroiled in so many different issue areas. there's a lot of scrutiny, whether it's on privacy, data protection, election surt, that zuckerberg really had to make sure that he covered a lot of ground here on capitol hill. >> all right, ylon, stick around here jim, let's talk about this whole idea that tech is in focus we have called it tech under fire, the tech wreck everybody seems to be targeting big technology companies, but is this a situation where just it's the lawmakers in washington who care because it sure seems like customers at the end of the day are still signing up for facebook, instagram, twitter, snapchat and everybody else. >> yeah, i'll tell you, it's really hard not to be struck by sort of the gap or dissidence between sort of the hysteria in washington, d.c., especially, whether it's on capitol hill or it's with activists, and sort of what's going on in the rest of the country, where people continue to sign up with facebook, continue to use google, continue to shop on amazon they continue to share photos and share on social media. if there were an actually tech lash, beyond what's going on in the 202 area code, i would expect to see some kind of a real-world impact, even if it's only people, i don't know, adjusting their privacy settings more or using two-factor authentication, if they're really concerned about privacy i just don't see it. >> so, you've brought up, jimmy, this idea of surveillance capitalism the notion here is an interesting one. take us through the arguments about why this particular kind of, i guess economic impact for these companie

facebook. facebook is not a necessity. facebooks an us -- if fox news is still on the air, and i have heard them destroy my people for decades without any regulations, i am opposed to anything against twitter. it gives -- twitter gives me the platform to speak my mind against politicians and it is the politicians who want these internet sites regulated. tech you don't view these companies as too big or too powerful, as someone categorize them. these companies, you go to these sites voluntarily. i do not go to facebook for anything. a lot of bad information from fox news over the decades. we should give fox news and hate radio credit for the current status of race relationships in america. host: juan in alexandria, virginia, saying more regulation is needed. caller: good morning, yes, more regulation is needed. it hooves the government to .egulate this type of activity i think the government should have strong oversight on how these companies use our information. --has been done in europe prohibit the use and miss abuse -- misuse of

facebook's stock actually go up after they paid a major settlement because it was already priced in largely among investors but on facebook the u.s. undersecretary of treasury for terrorism and financial intelligence. told an audience and burn the facebook libor a virtual currency project must meet high standards on illicit money flows if it's going to be allowed if the standards are high from u.s. regulators can facebook meet them on these concerns of terror financing and money laundering. 2 thoughts there number one the fact that facebook is getting involved with crypto currency is after all the heat that they're already on their means they must see a major opportunity so as much as i'm skeptical about the kryptos. that caught my attention the fact that they're still willing to pursue that the nice thing is if anyone can prevent money laundering well it's a company that has what $500000000000.00. facebook has the money and the task of anyone to be able to regulate it so yes i think they can. they could bring regulation into that area but for me it's still so surprising that they wanted to get in and it makes me wonder how much upside there is there right it must be something very tempting when the challenges seem so numerous to this o

facebook, yes. at the same time, stuff happens in business and businesses correct themselves, and they grow. these companies are going to continue to grow. if i'm an investor in facebook, is facebook clearly there's no reason to sell your facebook. it's only going to grow. even from here. deirdre: mitch, just brass tacks, are these three companies a buy in your view? >> i think that the biggest issue that is influencing society and investors are paying a close eye is the privacy issue. especially when you saw the news today, when it impacts children, that's the thing people are going to pay close attention to. privacy is a different issue than we talked about in the case of microsoft which was a monopoly issue. deirdre: amazon, for example, may start letting people pay with their hands at whole foods but you would have to agree to opt in. >> the opt-in/opt-out issue is going to be what all the regulation most likely revolves around. >> i agree completely. deirdre: quickly, jason? we actually have to leave it there. jason, mitch, thank you. liz claman, it's up to you. liz: we've got a lot going. i'm glad that jason didn't finish. he will be mad at me for saying that. we have to say

facebook. it is down about 2%. several state attorneys general noungs announcing an anti-trust probe into the social network and alphabet, as well. julia boorstin has more on facebook from l.a. hey, julia >> jon, new york attorney general latisha james is leading a bipartisan coalition to investigate facebookor antitrust violations she's joined by seven other state ags plus the ag of the district of columbia, so far the attorneys general saying, quote, we will use every investigative tool at our disposal to determine whether facebook's actions may have endangered consumer data, reduced the quality of consumer's choices, or increased the price of advertising facebook shares moving lower on the threat of potentially large fines from these attorneys general. now, a separate google anti-trust probe is expected to be announced at a news conference outside the supreme court on monday. today's news is in addition to the ftc's anti-trust investigation into facebook, which facebook confirmed in july, and the department och justice's anti-trust investigation into google. facebook telling us today, quote, people have multiple choices for every one of the services we provide. we understand that if we stop innovating, people can easily leave our platform this underscores the competition we face, not on

the program again any time by visiting our website dot com for further discussion go to our facebook page facebook dot com. inside story you can also join the conversation on twitter. the whole team here. in the heart of the amazon the philippian family has put sand mines in peril to harvest brazil nuts. who. can sing the congo to the capital is an even more dangerous challenge. risking a tool to believe be out. on al-jazeera. the latest news as it breaks while the nighttime does being tossed off the shelves expect to see images from the all the top with details coverage dangers remain from black blood the wrong way before catherine i want to put up eastern 3rd of our exchange dorian. from around the world his body will lie in state for a few days then he will be paid at the national hero status change in the capital police. if you are in beijing looking out the pacific ocean you'd see american warships when myth was that somehow time is aiming to replace america and go around the world while the chinese are not that stupid things guys want to dominate a huge chunk of the planet this sounds like a

any time by going to a website ages in a doc common for further discussion you can go to a facebook page facebookdot com for one slash a.j. insight store you can also join the conversation on twitter on handle there is at a.j. inside story for me has of seek and whole team here in doha by finale for the common belief is the journey to was the dollar mark that means unimaginable hot ship i preferred to light bulb the just ended why got the cup can truth chancing a life and limb on a dangerous journey through the jungle of i fell on to the rails tough for to a nearly died oh this of our children a east go to school and live because of the tranq of risking it all the democratic republic of congo on al-jazeera women news breaks when people need to be hide and the story moods to be told of crew to me month old good to of that are we a died last week a crossing a mexican 8 in you noted to stay with exclusive interviews and in-depth reports they can move according to their through fishing foot wifey was exceptionally hot outages iraqi as a teens on the ground to bring new move or award winning documenta

this program but research was skeptical but facebook is basically a black box so we don't really know what's going on inside facebook. and that's not just facebook that's or their instagram what a number of other platforms operated by facebook. the fact that doubts persist is jus in parts of the company's connection to another murky affair. in early 20 the guardian newspaper revealed that 87000000 personal facebook accounts had been illegally harvested by a u.k. based strategic communications business called cambridge analytical work because of the presidential campaign and had ties to leave the go and offshoot of a larger company called s c l which had an alleged background in military decision from ation cambridge analytic as promised was that it could target people with messages to modify their voting choices so for a highly erratic and conscientious audience you're going to need a message that is rational and fear based or emotionally based the cambridge analytical scandal would eventually wind almost $120000000000.00 off of facebook's market value and raise serious questions about the vulnerability of western democracies to manipulation. to

facebook o instagram que te gusten, ellos no lo sabrÁn a menos que tambiÉn te hayan agregado, recordemos que facebook fue multado con 5.000 millones de dÓlares por violaciÓn de privacidad y esto preocupa a muchos usuarios. >> facebookllones de usuarios de facebook se Ánima a buscar en este nuevo servicio su media naranja, iris castro noticias telemundo. >> el amor en los tiempos internet del y del romance a los deportes, aquÍ estÁ miguel gurwitz. >> cambio brusco. n de estad biÉn la sacuda secciÓn mexicana de fÚtbol ha goleado a estados unidos en partido amistoso celebrado ayer por la noche en nueva york. los goles fueron obra de "chicharito" el nÚmero 52 con el tricolor, gutiÉrrez, tambien se hizo presente en el marcador, asÍ con la cabeza marcÓ el "chicharito", el "chicharito" hernÁndez, le decÍa gutiÉrrez, y el jugador antuna el prÓximo martes juega ante argentina con las ausencias de guardado, montes, rodrÍguez, pizarro y gutiÉrrez, estos dos serÁn operados, pizarro de apendicitis y gutiÉrrez por una fractura en la mano derecha. y luego de una semana muy agitada de brown con los raiders de oakland donde amenazÓ con golpear al gerente general fue liberado, horas mÁs tarde los patriotas de nueva inglaterra entrar