google and facebook, the google is completely different.he issues go to the heart of the business models. there is no easy fix. that doesn't mean the antitrust investigations will lead to actions. i believe the investigations are going to look really seriously at ways to force change in the business model. emily: all we know is the doj and ftc have divided oversight over possible investigations. what is your sense over the investigations and if they will actually happen? roger: i am obviously not in a position to know the answer to that question. i surely would love to know the answer. here is what i believe. there are signals coming out of ftc relative to facebook that are inescapable. we have heard indications that it might be a $5 billion fine, there would be other actions resulting from the violations of the consent decree from 2011. there is more evidence as we saw earlier this week, the wall street journal reporting that there might be evidence that mark zuckerberg knew about the privacy violations taking place. if that evidence prove

this was the beginning of google and less than a decade later facebook they would make a new promise to humanity what i think so interesting about google and facebook is they were founded at american universities stanford university you had 2 students larry page and sergey brin decide they wanted to create the ultimate search engine for the internet across the country you had in the case of facebook mark zuckerberg who was a student at harvard decided he wanted to create a social media platform basically to meet girls and to make friends and hence we got facebook you never think that you could build this company or anything like that right because i didn't just college students or i didn't matter just building stuff because we thought it was cool it was all about the promise it was all about the shiny future was all about the free flow of information but there was also a certain idealism behind it i think that a company like google we have the potential to make very big differences very big positive differences in the world and i think we also have an obligation as a consequence of th

there's enough competition among us tech giants now we're talking about tech giants like amazon facebook googleand apple these are all going to be under investigation now these companies they faced scrutiny over the years for dominating many markets including social networking online advertising online research e-commerce and mobile apps including music now i want to read you a quote from the committee which says quote based on investigative reporting and oversight by international policy makers and enforcers there are concerns that these platforms have the incentive and ability to harm the competitive process so basically look i'm ready it's trying to prevent the worst case scenario here. and so that's what the brief against the companies were the companies saying in response in their own defense yeah how are they responding danielle as of right now there's ample amazon facebook and google and they seem to be a bit silent on the issue but i do want to make a note in the past apple has defended its practices saying it only collects a commission if a good or service is sold through the i want to

google and facebook have 70% of the visual ad market. are talking about percentages of an ever diminishing edge case of online advertising. o -- by the way, look at the digital only news providers. buzz feed, huffington post, and the rest. they are trying to make a living off the digital ad model and it is not working. peter: if google -- google and facebook have been successful. can you agree with that? >>. yes. peter: have they been positive influences? >> positive in the sense that more people consume more hard news than ever, including millennials. people often say young people don't consume news. they consume more news than when we were their age because it is available. to have that expansive audience, returns diminishing asks, where is the money going? matthew: i think the answer is something we discussed. we often say in the internet sector that the competition is always a click away. that applies equally to these digital native news publishers who are not just competing with one another but also competing with other entertainmen

power and their technological edge in their respective businesses we're talking about all of them facebook google or alphabet the parent company of google and you tube but also about apple amazon and the reports are that several government agencies in the u.s. are investigating here as well as congress so this is really a large scale political attack on the whole sector and i can let loose and there in front of it thank you so much. mexico has launched a counter offensive against the threat of u.s. terrorists top officials say further levees would not only hurt the economies of both countries but could also cause a quote in the central americans to migrate north in the last week don trump used his favorite economic tool to push his political agenda. there's barely a week left to solve the latest conflict washington is getting ready to impose 5 percent punitive tariffs on all mexican imports as of the 10th of june they could rise to as much as 25 percent later this year if mexico makes no progress in reducing the flow of migrants cars and vehicle components account for much of the u.s. imports fro

you hear facebook and google and antitrust is back to microsoft so when i look at the microsoft moveback in 19092000 beyond a nationally yes microsoft rallied but you have to remember that that was also when the rest of the internet stocks were rallying out of control as well but after that bust microsoft really traded relatively flat for almost 10 years due to all of the bad news in the uncertainty surrounding the antitrust case and so for that reason i feel like google and facebook are going to be flat and or volatile for quite some time. and. you know we talked about the phone stocks a lot as a group but breaking them out individually they have different. concerns with each of them do you see any of them as being in more trouble compared to the others on antitrust grounds. so on antitrust grounds along with technical grounds i see google as having the most issue because when you think about google i mean it's really so much a part of our culture at this point people google anything they need to know right and they take the 1st page as fact and at the end of the day google is contr

facebook, apple and amazon tumbled on monday. they could be the target of u.s. probes.st in google'sase, the department anjustice is mulling investigation into potentially anti-competitive tactics. meantime, the federal trade commission would oversee a look facebook'sr practices harm competition in the digital market. and facebook make up more than half of digital ad revenue in the united states. amazon doesn't dominate the digit ad market but it does own, up to half of the e-commerce market. potential amazon probe would fall under the oversight of the f.t.c. got sally, with the open markets institute. to that, she was assistant attorney general in new york state. also, executive editor for global tech, brad stone. wow. lot.unds like a but none of this means any of these branches of government are actually investigating any of companies on anti-trust. just that they are now sharing responsibilities. correct? >> that's right. i think what we have here is a kind of political reality. not necessarily or not yet a legal one. i think the tech environment now to some,d complex and intimida

their own defense how are they responding daniel well as of right now there's ample amazon facebook and google and they seem to be a bit silent on the issue but i do want to make a note in the past apple has offended its practices saying it only collects a commission if a good or service is sold through the i want to read you a quote from apple which says our users trust appleman and that is critical to how we operate a fair competitive store for developer app distribution so the same as you can see so far there hasn't been much response there and aside from the house judiciary committee has there been any other criticism from anywhere c else there has for sure now and recent years activists and politicians from both sides republicans and democrats they have put a lot of pressure on the federal government to do something about this now it took a while for these efforts to reach the mainstream and we have 2020 presidential candidates coming out and speaking out about this issue earlier this year we had senator elizabeth warren she says these companies they need to be broken up in order to give

because of facebook and google's dominance. and the platforms lack competitive pressure to fix the disinformation problem. -- for facebook users is instagram, which facebook owns. users need to be able to vote with their feet and switch to alternatives. to their credit, facebook and google started on the path to dominance with innovation. but there monopoly power is not purely the result of competing on the merits. facebook has repeatedly acquired rivals, including instagram and what's up. and google's -- without the ad ecosystem as it brought up the digital ad market spoke by spoke. including applied semantics, --". together facebook and google have not - bought 150 companies in the last six years. google alone has bought nearly 250 companies. thus far, antitrust enforcers have not stood in their way. nor have they stopped facebook and google from leveraging their monopoly power to exploit competition. week antitrust enforcement set the stage for these platforms to extract the fruits a publishers labor. much of the monopolies a

his thoughts on potential probes facing fas facebook, google, amazon.loomberg. ♪ hard mondayech hit following reports of potential antitrust probes into facebook, google, apple and amazon. growing concerns from regular taters and politicians. bloomberg sat down with jeffrey solomon to talk about the crackdown. jeffrey: for the last 10 years, it was bound to be big. it started after the financial crisis. you look at dodd-frank and the regulations that came out for the big banks. i think big tech is suffering from the same. it is not a republican or democrat thing. it is a thing the american population is looking at. a lot of skepticism of bigger companies. i think seizing on those same populist concerns from both parties, the doj and ftc will look at big companies to see what they are doing. >> line now though? this has been a problem since the financial crisis but weikel after these companies at this point when the economy is doing well and we have an election coming up? or maybe it is because the election is coming up. jeffrey: you do it when you can.

agreed to do more to stem the flow of migrants crossing its territory also coming up bad news for facebook google and code g 20 finance ministers meeting in japan say they'll make it harder for big tax to avoid big tax cut the details. and germany's women kicked off their world cup campaign in one nil victory over china. i'm nicole phillips welcome to the program. the united states and mexico have reached an 11th hour deal to crack down on migration from central america earlier the white house threatened to slap tariffs on mexico if it failed to stop record numbers of migrants from traveling through its territory to the u.s. border but the deal appears to fall short of the key u.s. demand that mexico accept the designation of safe 3rd country that would have forced it to permanently taken most central american asylum seekers. for these migrants the trip north to the u.s. could end here on the border between mexico and guatemala. mexican authorities have agreed to crack down on illegal migration as part of a deal to avert an all out tariff war between the u.s. and mexico u.s. president donald trum

lawmakers start a probe into the market dominance of silicon valley companies like facebook google and apple. also want to show broken promises from the world's biggest consumer goods company to pledge years ago to limit forestation through versus sourcing that's not exactly what happened. and french videogame maker ubi soft imagine a post that breaks that this filthy london and its latest offering presented out to eat free in l.a. . this is good business i'm joined in berlin welcome united states lawmakers have launched an investigation into silicon valley's biggest names today the probe by the house judiciary committee marks congress's 1st review of the tech sector which until now regulators had left relatively undisturbed lawmakers will assess whether the concentrated power of facebook apple google and amazon are harming consumers and killing competition the committee has started by examining the impact of the tech giants forms on news content the media and the spread of mis information online. the hearo joins us now from wall street good to see you always now they need to rein in b

facebook and google started on paths to dominance with innovation. their monopoly power is not purely the result of competing on the merits. facebook has repeatedly acquired riechbls including instagram and what's app. and google's acquisition cemented the market power throughout the ad ecosystem including applied semantics. together facebook and google have bought 150 companies in just the last six years. google alone has bought nearly 250 companies. thus far, anti-trust enforcers have not stood in their way nor have they stopped facebook and google from leveraging their power. weak anti-trust enforcement set the stage to extract the fruits of publishers labor. monopolies are putting the american dream at risk as people including journalists are not rewarded for their efforts. beginning immediately, anti-trust enforcers should prevent facebook and google from acquiring threats. they should unwind deals and sivest to open up competition and sue to stop exclusionary practices. anti-trust alone won't solve everything discussed here today. we won't be ab

facebook, google, amazon among those under scrutiny. what it could mean for your 401(k). >>> congress finally approves billions of dollars in disaster relief for the southeast and midwest but this morning, the staggering economic toll of the flood crisis right now in the heartland. the top concern from farmers with more rain on the way. >>> coffee and cancer. the experts set the record straight after a controversial court ruling. >>> "jeopardy james" goes down in defeat. >> if you came up with the correct response, you're going to be the new "jeopardy" champion. did you? you did. >> his 32-game win streak over. this morning meet the young librarian who beat him. why she was the perfect foe. >>> and later, the tp for today. how millennials are changing this everyday household staple. >>> good tuesday morning, everyone. thanks for joining us. i'm janai norman. >> i'm and will reeve in for kenneth moton. >> the president is meeting with the prime minister after getting showered with royal hospitality. the president capped off a day of page

and meantime, we begin with facebook, google, and your data.t worth that is the question senators mark warner and josh haolly are asking as they propose new legislation that would force big tech companies to put a price tag on user data and guys, this i find fascinating and very confli complicated. because one person's data, the way i understand it, is worth very little, but everybody's data is worth a lot. and i don't think it's as simple as just doing division like, you divide the total value of the data by the number of people some people's data is worth a lot, but once you have so many people connected together, the sense of how to target is that much better. >> we should be clear. senator warner isn't suggesting that customers would get paid for their data >> well -- >> no, what he's saying is he wants to make it explicit and have the companies put an aggregate price tag on it. and the companies themselves are arguing, look, it's too -- to your point -- it's too complex, we can't do it it's not like that there's a -- it's more intangible,

. >>> i'm julia boorstin in france at the annual advertising festival here, and facebook and google aren force but so is talk of tech lash. we'll look at what potential regulatory could mean for the other players in the space. that's coming up on "nightly business report." ♪ ♪ >> as we menti earlier, the stock market's major averages are nearing new highs and the biggest gains have beenco ncentrated in just a handful of stocks. bob pisani explains. >> reporter: we are just about halfway through the year and stocks enjoyed a strong first half. all three majorre averages up double digits so far in 2019, but the gains have been concentrated in one sector in particular, technology. tech is the best performing tech tore in the s&p 500, it is up 25%, and we should point out that almost a quarter of the gains this yfr hav come from four big names alone, microsoft, apple, amazon and facebook. why? hhe investors have been searching for grond protection from the trade tensions. microsoft in particular has been rallying t all-time highs several days in a row, and that was firmly above the $1rk tri

. >> facebook, google and apple. they employ exactly zero journalists. the amount of journalism they are doing is zero. they are not going to city hall. they are not going to meetings and are not covering the president. they rely on delivering our content and monetizing around that contact -- counted. if we don't do that anymore, we don't have local journalism. the question is not whether or not we want strong or vibrant journalism, the question is how we get there and should we do that with antitrust exemptions, specifically? we tried that in the 1970's. it did not work. >> watch the communicators monday night at 8:00 eastern on c-span two. >> former special counsel robert mueller at the house intelligence and judiciary committees on wednesday, july 17 testifya.m. eastern to about russian interference in the 2016 election. watch live coverage at c-span3 or listen on the free c-span radio app. housewednesday, the oversight and reform committee held a hearing regarding the office of special counsel's recommendation that president forp buyer kellyanne conw

most of it goes to google and facebook.se digital providers have been able to dominate primarily because of the power of data. there's so much data that they can target advertising and messages so that they reach us most effectively. but those companies are now under fire like never before over issues such as privacy, political bias and the sheer scale. they're being investigated by regulators and politicians of both parties alike. so how might the world of media now evolve? will the digital giants continue to dominate, or will their power be cut down? how will politicians get their message across? what needs to be done to protect us all, and how are companies changing the way they do business? well, i'm joined now by mark penn. he, of course, is no stranger to politics. among other things, he was bill clinton's pollster and hillary clinton's chief strategist. now he's managing partner at the stag welk group, a digital marketing investment firm. mark, thanks for joining us, and you look very suitably attired for the south o

bad news for facebook google and co g 20 finance ministers meeting in japan say they'll make it harder for the pink tech to.

japan and they decided to focus on big tech corporations like facebook google or apple now until now those companies have only had to pay tax in the country where they are headquartered which is why they deliberately construct their conglomerates in a way that funnels to low tax jurisdictions but that should now come to an end the g 20 hopes to present details of the new regulation by next year. cooperation is still possible it seems despite the trade disputes and ongoing geopolitical tensions even china and the us found common ground at the g 20 finance ministers meeting in fukuoka both countries supports a reform of the global corporate tax system but the fight over turf still raging. about muses we still don't know how trade talks between the u.s. and china will end and until a solution is found we fear that confidence in the markets will diminish and that's a problem. the u.s. has also reportedly blocked a joint appeal to settle a trade conflict there was no conclusion on the dispute in the final communique at least there was mutual agreement about the new tax regulations planned

google, facebook, m -- microsoft and amazon dominate the artificial intelligence. they are all working on the core business which is behavioral manipulation. which means all startups trying to do a.i., in the million other categories are competing for a tiny percentage of the people who can do it. and they are having to pay incredibly high prices because of how much the big four are willing to spend on that. >> so that's one example. >> if you look at advertising. the "wall street journal" is harmed every day by the way google and facebook block access to your the' temperature product. we are seeing it in automotive. we are seeing it in electronics. we'll soon see it in financial services. when you said the last time we saw this kind of regulatory approach was in the beginning of the 20th century with the trust busters. the reason this is happening is these guys are precisely analogous to the trusts of the 1900s. >> google looks as though it will be the subject of a justice department investigation. tell us how google is harming the consumer, whether it's through t

"we should be suing google and facebook, and perhaps we will, ok?" to talk more about the reaction, let's go to our reporter in new york. shares did react to the president's remarks. what happened? >> absolutely they did. you look at facebook and google, you just saw the share prices. down 0.6%, so not anything huge. minimal -- still pretty minimal, but we clearly saw before markets opened the stocks react off these headlines. he did also attack twitter. twitter rose today. this harkens back to the conversation we have been having over antitrust laws. everything we have heard over the doj investigation, ftc investigation, this is something here to stay. we are probably going to be hearing more about this, not just in the democratic debates tonight and tomorrow, but also through the presidential election in the next five years or so. when you look at investigations into large companies like facebook and google, it will not be a quick process. it will take years. emily: right. they have launched investigational ready into some of these companies. first

present from floods the possibility of suing facebook and google. reacting.try tech under, big fire. the president floats the idea of .uing facebook and google how the industry is reacting. ♪ president trump eric his grievances about social media companies today. he took aim at facebook and google and discussed the pop of the-- the possibility that federal government might sue them. bloomberg's ben brody covers tech lobbying. what, if any grounds could the u.s. sue google and facebook? i think trump may be referring to the first formal steps and the justice department probing's -- two probing's for alleged misbehavior. thing i thinkrst he's referring to where there may be court cases will stop the other thing is basically increasing the scrutiny. >> the president also mention the idea of a summit coming up in july with social media networks and executives. do we know who is coming and the purpose of it? >> we don't know or at least the white house hasn't responded. on the other hand, only a handful and i think it is reasonable to think that at least

facebook, google, amazon were buying tons and tons of servers, because they wanted to buy the serverore the memory price went too high. they bit up too much information and started taking that down now our call at facebook, google, amazon are going to start spending money in q3, start seeing those numbers, the nvidia data center you'll see that number in the amd data center commentary, as well so now you'll come off a bottom on the data center side. and finally, the last one, like i said, it just happened last night, basically, an entire plant went down for western digital. and that's going to help the nan prices probably improve sequentially nan prices might go up sequentially if that happens, all the memory stocks probably go up. >> lastly, i want to get your takes on this very long feature story in the "wall street journal" today, how a big u.s. chipmaker gave china the keys to the kingdom, talking about amd and this idea that it revived its fortunes through a deal in china, a complex deal, and is now sparking a national security battle how much of a risk is this for investors in