i realize it is the second or third shot facebook is up 36% from that point, google 10%. we can tell who is suffering under the weight of not only their own issues, but i think a bigger regulatory if thathassle that's a term we can use facebook with that kind of move into earnings, with two big bright lights on them in terms of libre coins and antitrust, facebook i would stay away from. >> mark? >> i think a lot is headline noise, headline risk that could compress the multiples a little bit over the short run, but these are things that take years to play out in court these are still solid companies. i would still be buying them i think earnings are more important right now. that's what i'm focusing on. >> i hope earnings -- i hope he is right i hope earnings are more fact. i think the fact it will take such a long time, it casts a bit of a shadow for a while. look, it is about figuring out what the opportunity is. to tim's point, the stocks had tremendous runs, at least amazon and facebook you look at amazon, into earnings now, you have to wonder, do you want to try to pla

it didn‘t name any firms, but companies such as facebook, google, amazon, and apple are likely to comeelsius. the world meteorological organisation says the rising temperatures bear "the hallmark of climate change".

it hasn't named any firms, but companies such as facebook, google, amazon and apple are likely to comen is a tech reporter at reuters. good to talk to you. why particularly now? this is months after the trump administration first announced its growing concerns about the rising influence and size of us tech companies. critics on the left including elizabeth warren and other democrats say they should be broken up democrats say they should be broken up and critics on the right to say the companies are biased against conservatives and are too big. with all this pressure in washington, i think this is something many people wa nt to think this is something many people want to look at and especially in the wake of the plan $5 billion settle m e nt the wake of the plan $5 billion settlement on privacy allegations, this is just the settlement on privacy allegations, this isjust the beginning of another phase of strict scrutiny. google was already being investigated over anti—trust law. and last week, didn't the house judicial to committee have all four of the big players in? the house judiciary

date out that belongs to you citizen such as facebook google. amazon they have to comply with certain requirements and the condition is that the way they will handle the data will be similar to the way data would be handled in the u. the difference is that in the us there are different laws that allow the us government to actually look into the courses that they think the way to be allowed to be done in the e.u. so even those contracts are found to be. unlawful. to be a company such as facebook google and amazon regularly process they could be launched new citizens will find themselves reaching into law. final 4 for this news i want to believe that sport should be above politics but in the tense relations between israel and the palestinians that noble sentiment seems to have fallen way by the wayside. i. heard. the. idea once again this is the 1st time that a whole team gets banned excluding 3 management personnel and a player which is with the news the practices of these radio patients regarding this i'd like to say that we increase and it will

if you want to reach voters, go through facebook or twitter or youtube owned by google.n there is a political bias at the networks we're shut out of that space. we don't get equal time. so that is greatly concerning. then you look at the power, even liberals get concerned about this, look at power of big corporations that control such a large space, that is their pushback. we don't want to stifle innovation, chars, but when you have so much power consolidated in these big companies it gives both sides a lot of concern, how we navigate this, that is yet to be determined. we haven't had clear voice from the administration whether there is anti-trump -- ant at this -- antitrust lawsuit in effort to brick them up. charles: president trump again commenting on four female lawmakers known as "the squad." take a listen. >> it is up to them. go wherever they want or they can stay but they should love our country. they shouldn't hate our country. look what they have said. i have clips right here. the most vial, horrible statements about our country, about israel, about others. it

again, you are talking about reasonable valuations in facebook, google you can't say that in amazon i can say it certainly in apple. i think you have every reason why people would be running into big cap tech. >> when you take a look at valuations here and you are sort of thinking about the framework in which the value of these stocks, do you also put in a question about their future growth depending on what comes out legislatively or from other countries in terms of taxes on revenues and things like that? i mean those things are -- >> they're unanswerable. >> should there be a discount in the valuation? >> i would argue there is a discount to the valuation already in there when you talk about -- i agree with tim that google and facebook to me are not super expensive. microsoft, a great company, they've been killing it. that is actually getting to be a little bit more expensive. so when you ask the question, is it okay to buy here, if you go home long, it is the same as buying it here i am long on facebook, i am long on alphabet, i am long apple i think that today was, you know, start

and ata likes of amazon, facebook, google and at a time when high streets are crying out sayingconsensus that is going to be built at the oecd where europe and the us are coming together and saying how do we keep itself out, how do we agree on the tax level that everyone can live with that means that one isn't trying to undercut the other, but this has been taking years. hammond's lost patience saying no, we hammond's lost patience saying no, we do need to start taxing the digital giants, the likes of casebook, silicon valley, taking back control from them. this 2% levy, the business community is saying, cbi, one of the biggest is this lobbying groups in the uk are saying no, no, no, we don't want to have a uk specific tax at a time when we are trying to sell this global britain message and be seen as really friendly to international businesses stop so you have a really interesting tension there. and, these are big, us, silicon valley giants. we are taking an aggressive approach to them just as we are trying to negotiate a trade deal with the us? it's about how we position ourse

you hadeantime, facebook appearing at a face committee hearing along with google, apple, amazon. you think facebook should be broken up? senator warner: listen, i am at that point in time in terms of breaking up some of these companies, but i have not taken that off of the table, because i think there may be ways to add more competition if we have more of this transparency and data portability and interoperability . i think we could step back from some of the breakup because if we put in place appropriate privacy protections, the way europe has done already. i think we could have some more forward leaning if facebook was willing to acknowledge or twitter for that matter when you're being comedic aided with by a bot -- when you're being communicated with by a bot versus a human being. i think it would take the pressure off, at least visa be facebook and others. if we do not see them roll up their sleeves and give us some framework and so that americans or for that matter folks around the world have a little more transparency, a little more protection of their data, know what data

there are potential pending ethics investigations against facebook and google. is there some grand plan here? kurt: it is related to facebook's power. about how muchl power they have and the influence they have. does facebook have the power to leave up or take down certain opinions and thoughts? back to thecomes idea that facebook is too big for its own good. we will be watching to see what happens in the next couple weeks. now to a story we continue to watch. the white house will investigate a french plan to impose taxes on global technology companies. the move is a prelude to what could be new u.s. tariffs under the trump administration. tech giants like amazon and various trade groups are supporting the move. it is fascinating that the president has assailed these fornology companies anti-conservative bias and yet at the same time the u.s. is going to that for them, announcing they will investigate a plan by france to tax tech companies, which are mostly global u.s. technology companies. what is the strategy here? is really part of a wider push by the trump ad

facebook, google, twitter. they are treated differently than any other platforms or publishers in america. they are treated different than any other company in america. and they have gotten rich and powerful and profitable because of it. now what are they doing? now they are saying that they should be able to decide whether or not conservatives get to speak on their platforms. what conservative speech is acceptable and what is not. they want to censor and sit in judgment on our political speech. you know, i saw a statistic the other day, a series of academic studies, that shows that google in particular, the information flow that google controls, do you know a lot of undecided voters, their primary source of information is from google search? maybe that is you, i am sure you have used google search to find information. a lot of undecided voters, how do they get the names? they plug-in turns to google search. who did they favor in the 2016 election? it was not donald trump. google search overwhelmingly returned

down to brass tacks and says it's time for attack it's the 1st country to hit the likes of google apple facebook and amazon but higher taxes the u.s. is threatening to hit back. an international warnings against facebook's cryptocurrency project are mounting flippy over before it start. chinese tourists have discovered the high seas and the twisting demand for ever bigger through ships. this is d.w. business i'm joined now the milan in berlin welcome in a world 1st france has passed a law taxing the world's tech giants and in so doing provoked an angry response from the u.s. the white house says they unfairly target american companies like facebook apple google and amazon and as for and punitive trade measures against paris big technology companies like google amazon and facebook operating in france will soon be paying more tax france's senate has approved a 3 percent tax on tech companies doing business there the aim is to plug a taxation gap that's allowed some internet heavyweights to avoid tax in countries where they make their profits and to book their income in low tax countries like irela

but facebook, google, amazon are believed to be at the center of this inquiry. sam brock's been talking with digital privacy experts and joins us with more. >> reporter: janelle, raj, questions over the market dominance of these companies and the harmful consumer behavior that has come as a result have been on the lips of congress, the president and even the federal trade commission for a long time now. but it has been a long time, 20-plus years since the federal government has brought anti-trust action against a major tech company, that was microsoft in 1998. now today's doj announcement was brief, and no companies were specifically cited by name. but news out lets indicate facebook, google, apple and amazon are the companies being investigated. we spoke with a digital privacy rights think tank who believes that under the current model the cycle of competition has broken down. it used to be companies could be supplanted or weakened by upstarts, but now with the same names operating in the same spaces gathering mass apartments amounts of your dada. >> it keeps t

the justice department didn't name any companies, but facebook, google, amazon and apple are likely toanging probe. it marks the latest scrutiny of the tech giants' power over the american economy. the company behind social media app snapchat says it added 13 million daily active users in the last quarter. snap inc beat analysts' estimates as it got a boost from a better version of its android app and the launch of new augmented reality photo lenses. shares of snapjumped 9% in after hours trading. we have many companies reporting their earnings this week and ford is one of them. ford will announce its latest earnings later, after showing a strong first—quarter on growing demand for its pickup trucks and suvs. ahead of that the carmaking giant has revealed details about its plans to develop an all—electric version of america's best selling vehicle — the f150 pickup. bbc business correspondent michelle fleury has more. ten double—decker train cars weighing over1 ten double—decker train cars weighing over 1 million ten double—decker train cars weighing over1 million pounds. being towed by

big technology companies like google amazon and facebook operating in france will soon be paying more tax france's senate has approved a 3 percent tax on tech companies doing business there the aim is to plug a taxation gap that allowed some internet heavyweights to avoid tax in countries where they make their profits and to book their income in low tax countries like ireland it's estimated the levy could net france $400000000.00 euros this year and 650000000 next year before the vote french finance minister blair spoke out against the growing power of big tech. start. we can all see the emergence of economic giants with monopolistic attributes who not only want to control the maximum amount of data and make money with this data but also to go further than that by in the absence of rules avoiding taxes and putting into place instruments that could tomorrow become a sovereign currency. keep would do mom pawn would reform didn't win this one. but even before the legislation was through u.s. president donald trump had ordered an investigation the u.s. warned that if the law passed it wou

facebook, google and twitter were not invited.nvited right- wing social media personalities and conservative policymakers. the president wants to hear from the social media users including those responding to the recent white house request on examples of alleged bias online. >>> pg&e will hold the wildfire safety open house at walnut creek and talk about reducing fire is across the bay area. they have expanded power safety setup program with open house tonight at the garden at heather farms. >>> pg&e disputing the report in the wall street journal that they knew for years that the transmission towers at the area of the deadly campfire needed to be replaced. the internal pg&e report from 2017 said the utility transmission towers had an average age of 68 years with the oldest 100 years old. pg&e reportedly planned on overhauling the paradise transmission lines six years ago but instead of making the upgrades they chose to spend billions on substations and other work >> in california where it looks like the same mistakes made years a

>> i am long this one i am most nervous about because the last quarter, unlike facebook, that last quarter for google was really problematic. i don't know if dan alluded to facebook taking share. i think the pie is growing big enough facebook can do -- first of all they need to do a better job on the call than they did. gep, i wou again, i would love to see them do something with the ridiculous balance sheet but i like it is nowhere near the highs going into the earnings. nowhere near, right. so i'm glad that it actually pulled back today. i'm long but i'm nervous another bad quarter -- >> what you would like them to do is return capital to shareholders or buy back stock. >> yes, special dividends. they don't want to be locked into a dividend payer -- >> i don't like it performed so poorly going into the earnings, so i would be a fader for everything i just said about facebook they've been gearing market share in the ad revenue, google losing it, even if it is incremental and they have macro headwinds to worry about, them being google. >> i understand what they're both saying. i want to trade it beca

facebook, amazon, apple, google, all appearing in washington to answer lawmakers' questions. e first to be baked over the raked over the coals, facebook's david marcus was the -- david marcus. the co-creator of the cryptocurrency project. senator brown: facebook is dangerous. now, facebook might not intend to be dangerous, but surely they do not respect the technologies they are playing with, like a toddler who has gotten a hold of a book of matches. their motto is to move fast and break things. we would be crazy to give them a chance to experiment with people's bank accounts. david: we will take the time to get this right. wouldn't it be easier and safer if people could inexpensively secure money transfers through their smartphones just like they do for so many things today? that is what libra is about. >> i do not trust you guys, so instead of cleaning up your house, now you are launching into another business model with calibra. david: we have designed this network so that facebook does not and will not control currency. >> will you commit that facebook will not develop pre

amazon, facebook, google, all these companies control our data, your data and my data. use it as belongs to them. if regulators really attack the data model, then this companies could be in trouble. as we have seen, they can shrug off $5 billion fines. but what the shrug of more? thank you so much for coming in, i noticed earlier. can. the european central bank has hinted it could cut interest rates to tackle a slowdown in the eurozone economy. it says a weak manufacturing sector and uncertainty about brexit and trade are threatening to derail growth. it's the latest central bank to signal an easing of monetary policy — with the us federal reserve expected to cut rates next week — as jonathan josephs explains. the global economy is slowing and the eurozone is no exception. trade tensions, such as the us— china trade war, one of the major reasons why. the european central bank, which sets interest rates for the 19 countries that use the euro, is increasingly worried. it's president mario draghi has said that things were getting worse and worse. the prolonged presence of

thejustice department didn't know many companies, but facebook, google, amazon, and apple are likelyed in this wide—ranging probe. it marks the latest scrutiny of the tech giants' power over the american economy. in other news, nissan motors reported to cut thousands of jobs globally nissan motors reported to cut thousands ofjobs globally to improve its performance, according to the new service the car maker will more than double the a800 layoffs is announced in may. vaudevillain announces latest earnings later after showing a strong first quarter, growing demand for pickup trucks and sport utility vehicles. 0ut for pickup trucks and sport utility vehicles. out of that the car making giant has revealed details to develop an all electric version of the f1 50 develop an all electric version of the f150 pickup. michelle fleury has all the details. ten a double—decker train cars weighing over a million being towed bya weighing over a million being towed by a truck. but this is no regular pickup. it is for‘s electric f150. the goal to commence customers that switching away from a combusti

. >> facebook, google, apple. they employ exactly zero journalists. so the amount of journalism they are doing is zero. they are not going to city hall. they are not going to school board meetings. they are not covering the president. on delivering our content and monetizing around that content and if you don't do that anymore we don't have local journalism. the question isn't whether or not we want a strong and vibrant journalism industry. the question is how to get there and should we do it with an antitrust exemption specifically. we tried that in the 1970's when newspapers were last threatened by a new medium. the broadcast era. it didn't work. >> watch the communicators tonight on c-span two. former special counsel robert mueller at the judiciary committee on wednesday, july 17 at 9:00 a.m. eastern to testify in open session about his report into russian interference in the 2016 election. watch live coverage on c-span3, online at

how to change the structure of these companies so that smaller firms can better compete for facebook or googlehat could mean spinoffs of wathatsa and youtube. we heard about fees charged to developers in the app store. another topic will likely be the expected $5 billion fine agains facebook for privacy violations. the chairman of the submiti iti subcommittee said the fine will do nothing to stop the behavior and better protect users data. >> so, while we have you here, elizabeth, the other major hearing on the until with regard to big tech is about facebook and its planned libra digital currency we heard from steven mnuchin yesterday sharing his concerns over the cryptocurrency in the space in general here's what he to say. >> the treasury department has expressed very serious concerns that libra could be misused by money launderers and terrorists and financiers we will not allow digital asset service providers to operate in the shadows and will not tolerate the use of the cryptocurrencies in support of illicit activities >> six letters that every banker no the world knows very well aml, anti

analysts and the companies about what they'll do with all this pressure analysts say they see google and facebookt targets here that's because we have already seen some antitrust action against google we already had in europe three antitrust fines on google related to the android devices, related to search, which is one area that the doj singled out in the review and related to the shopping service so it sounds like there's some frameworks in place for companies. apple facing a similar antitrust probe in europe related to spotify. it looks like some may have more of a case than others, and we have no shortage of news on facebook as well how that plays out in the antitrust case, we're watching that closely in europe as well as in the u.s. >> elizabethschulze, thank you very much for that update. >>> joining me is tim lesko. tim, we just heard elizabeth schulze's report we talked about the vulnerables. vulnerabilities do any of these headlines make you more skittish in holding big cap technology stocks? >> it certainly makes you skittish in holding any stock when you find out the government is gett

it would mean that companies such as facebook and google and amazon that regularly process date that it belongs to e.u. citizens will find themselves breaching e.u. law. many believe sport should be above politics but in the tense relations between israel and palestinians that noble sentiment seems to fall by the wayside. player that. could have a one sided home that this is the 1st time that a whole team gets banned excluding 3 management personnel and a player with that which is weird so they're a new to the practices of the israeli occupation regarding this so i'd like to say that when greece entered all started the olympics the goal was to strengthen relationships and love between the greek people. * and. about 5 seasons ago with all the gags a team's used to travel without any problems it's sometimes a player or 2 would get banned and then some pressure is applied and they are allowed to travel off we don't know the reason for the rejection as you know these really occupation besides this we are only football players our message is football we deliver our message for the sport i

both facebook and google are actually investing a lot more. so that compresses their margins a little bit the other one mainly on actually on both, on facebook and google, you're talking about content quality. on facebook, content quality, of course, on its overall platform. on google, content quality on youtube. and they're invisting a lot more on that. we have already pretty much models margin compression while these companies are going through this phase >> jimmy, ali, guys, good discussion, and one that is nowhere near being over. >> coming up, we are going live to chicago at the cnbc at work summit where tyler mathisen is coming up with a big guest who can really, i guess, put the wrench to the workforce? >> oh, that's good you know, i know why i miss you so much on "power lunch. it's puns like that, brian thanks so much for sitting in. we're at the at work conference here in chicago, looking at the future of work and if there is one company that has gone through the decades and has evolved with the times, it's snap-on tools, snap-on incor

now, google and facebook are going to have to compete against retailers. i am a believer in pinterest. they have not had a huge success story, but amazon might pave the path for them to get to this and in a more substantial real way. emily: pinterest did have a pretty big ipo. if that is not success, i don't know what is. me,are going to stick with brett, i know you need to get on some calls, so i will let you go. thursday tesla plunged after the electric car posted a worse than expected loss and another major management change cast more doubts on its future. test the co-founder is leaving the job. he has been with the company since before elon musk joined the board 15 years ago. coming up, alphabet shares advance in trading after sales and profit beat estimates. we are going to dig further into the highlights, listening to the call, we will bring you more headlines as we have them. this is bloomberg. ♪ emily: google is having a bounce quarter that saul revenue top estimates. shares from its own online properties climbed 18% to more than 20 $7 billion. las

the fundamental business model for facebook of course big tech as a whole, what is the doj going to do which goes back to your question. >> absolutely. shares of googleon, facebook are going to pivot around that over time. joining us with some insight on what this all means for facebook and the sector, is the former u.s. assistant attorney general in charge of antitrust and fobil bear thanks for your time i appreciate it. >> good morning, big news day. >> it's huge i'm wondering where you think the locust is of regulatory -- right now, lets just start with facebook. >> well, facebook, you know, it has resolved its ftc consumer protection privacy issues, but it's obviously in the cross hairs as a successful technology platform, and which may well have engaged in anticompetitive behavior that remains to be seen. there will be an investigation out of the ftc and some point down in the road we'll get an indication about what's going on. >> bill, what happens if facebook -- i should say when facebook messes up again just this week in the past couple of days we've had this news about facebook messenger for kids and how even though it was supposed to be pri

facebook, google, amazon and apple all found themes the target of lawmakers who, as you know, arehe increasingon some of the nation's most prominent companies. ylan mui was there. >> reporter:irst up was facebook testifying before the senate banking committee on its new cryptocurrency called libra. senators on both sides of the f aisle pressebook on how it would, would, who would regulate it and how facebook planseyo make m from it. republican senator john kennedy accused facebook of trying to control the money supply while democratic senator brown compared the company to a toddler playing with matches. but ultimately, lawmakers said their concerns come down trust. >> trust is something you earn and factaook cly hasn't earned it. >> what -- what kind of faith do we have in libra? >> can we agree that a banker would be trustworthy? >> i don'tt to get into the technical stuff. i am talking about the trust issue. >> mr. chairman, i wish we could trust facebook. it is pretty clear there's almost nobody in this committee that does. >> reporter: facebk executive david marcus defended his company's r

facebook, google, is free. i don't understand any of this. look there are problems with some of these companies. they do need to fix, facebook got fined $5 billion by the ftc but enough is enough. leave greatness alone. ashley: leave greatness alone. we'll leave it right there. thank you, gary. melissa: oil settling down more than 3% today. phil flynn with the details. phil? >> melissa, significant potential bearish development for oil. donald trump basically came out today, president trump, and said that they're making progress with iran. that was backed up by a statement by secretary of state mike pompeo who basically came out and said that iran was actually open to talking about their missile program. if you remember the original iranian nuclear deal, it didn't really include missiles at all, it included uranium enrichment. this could be a potential game-changer. when the market saw that headline, they sold off. they realized in past anytime iran gets off the hook it has been very bearish for oil. the original obama deal to lift sanctions o

at the white house it included a lineup of online personalities from across right wing media google facebook and twitter officials were excluded from the gatherings has accused them of bias against them end of a conservative conservatives. let's speak to a pro glazer about this she is a journalist for the online news website slate and joins us live from oakland in california good to have you with us april were what do you make 1st of all of this guest list this so-called social media summit and what was this about whether any serious policy matters discussed or was this more of a venting session. we're not sure exactly what was discussed because we only were able to hear what happened or or trump came to speak to the media after the session but it's hard to imagine that that that much of serious policy matters were discussed because of who attended and the people who attended are people who for instance make me that the president has liked people who have forwarded conspiracy theories people who primarily are not seen on mainstream media but instead have you tube channels where they argue th

the tax will hit the likes of google and facebook, and has received little support on both sides of thetlantic, with the trump administration concerned about its potential impact. also in the programme — south korea prepares for the worst, as it puts $250 million aside to deal with escalating trade tensions with japan. the financial markets in europe have opened and are looking positive for now. and would you let a computer pick your outfit? we'll be hearing from the online personal shopping service whose stylists get a helping hand from technology. today we want to know — are you concerned about the impact sugary drinks are having on your health? new research shows it increase the chances of getting cancer, so to what extent do you choose what you eat based on health? and should beat drinks industry take more responsibility? get in touch —— should the drinks industry take more responsibility? hello and welcome to business live. we start in france — where a pioneering tax on tech firms is expected to be approved by the senate today, after clearing the lower house last week. it comes ami

we all recognise when facebook, google and instagram do this, showing adverts tailored to our behaviourooking for a specific item, but can also be a bit unnerving. people say online advertising is creepy, you are talking to a friend, then later on you see an advertisement for the same thing you are talking about. it mayjust be that you were talking to your friend but then the fact you are talking to someone else, they may search for something, then suddenly you are seeing an ad for something that they're interested in. they infer you are friends and therefore probably have similar interests. if all this creeps you out a bit, we'll look to see some of the tools online that may help obscure your data trail. you might want to get rid of the cookies stored on your browser. these store personal data like your login, e—mail address and what is in your shopping basket. clear the cookies from your web browser using the appropriate menu. in chrome, it is in the history settings. in safari, choose preferences and privacy to block all cookies or manage which ones have access. cookies aren't the on

i reach out to diverse audiences because i believe the threats posed by google and to a lesser extent facebook are so serious that everyone needs to know about them. here are just three disturbing findings from my research which ad heres to the very highest standards of scientific integrity. in 2016, google's search algorithm likely impacted undecided voters in a way that shifted at least 2.6 million votes to hillary clinton whom i supported. i know this because i preserved more than 13,000 election-related searches prior to election day and google's search results were significantly biassed in favor of secretary clinton. i know the number of votes that shifted because i've conducted dozens of controlled experiments that measure how opinions shift when search results are biassed. i call this shift seme, the search engine manipulation effect. biassed search results can easily produce shifts in the opinions and voting preferences of undecided voters by up to 80% in some demographic groups because people blindly trust high-ranking search results over lower ones. seme is in effect subliminal. it a

on wednesday, executives from facebook, twitter, and google testified at a house homeland security committee about how to combat hate speech and misinformation on their platforms. this portion of the hearing is just under one hour. rep. thompson: the committee on homeland security will come to order. the committee is meeting today to receive testimony on examining social media companies' efforts to counter online terror content and misinformation. a white supremacist terrorist killed 51 people and wounded 39 more at two mosques in christchurch, new zealand. our thoughts and prayers are with the victims and their families. the motive behind the attack is not in question. the terrorist has written an extensive manifesto outlining his white supremacist, white nationalist, anti-immigrant, anti-muslim, and fascist beliefs. his act was horrifying beyond words, and it shook the conscience. shockingly, the terrorist was allowed to live stream on facebook, where the video and its gruesome content went undetected initially. instead, law enforcement officials in new zealand had to contact the company a

unlawful it would mean they companies such as facebook and google and amazon that regularly process date that it belongs to e.u. citizens will find themselves breaching e.u. law. more than 10 years old from the great global economic crash are we any more sick. sure with our savings and the kaiser report gets a grip without knowing. join me every thursday on the alex simon show and i'll be speaking to guest of the world of politics sports business i'm show business i'll see you then. welcome to the ca's report because or welcome to summer solace yes' the series where we delve into solutions to all the problems we talked about all year long that's right and what better place to do that than in sunny malibu we want to discuss social banks the cantillon of such of money printing that has wrecked havoc social and political stability from the inevitable wells that are ropes from central bank money printing and all the mayhem that results soul note i bring in stacy herbert yes and we're with nomi prins the author of cool luzhin how central bankers rigged the world now you know me i think this i

to me, it's scarier at facebook or google or others keep all the data to themselves because that givesthem a significant advantage. so we have to be very careful on how we approach these issues >> so should that be regulated then because you said that there's alternatives to facebook, but the most popular alternatives are instagram and wechat i mean, snap, yes, but the numbers aren't there >> i -- no, i mean, facebook usage in the united states is declining. the average age of a facebook user in the united states increasing yes, they have instagram, but instagram is a completely different type of tool it's not a news source there are so many different alternative sources of news. apple is making a bigger push there. there's third party news sources. i don't see that as a risk factor at all. i think, you know, people don't really understand where things are going. i mean, to get back to node, people don't understand artificial intelligence and its impact people are afraid what the future impacts are going to be and so they just take it out on -- well, let's just break up these big f.a.a

big social media platforms, facebook, google and twitter, not invited. and said president wanted to invite right-wing personalities and conservative policymakers. the white house as the president wants to hear from social media users including those who responded to recent white house request for examples of alleged bias online. after the event the president has plans to hold a news conference to discuss next year's census and his desire to add a question about citizenship. >>> a supreme court ruling barred the question for now but the president says he may issue an executive order to sidestep the courts decision. the u.s. census bureau began printing the forms this month. >>> immigration rates could begin in just days and could arrest resulted in the arrest of thousands of undocumented immigrants. the new york times reports the rates could start as early as this sunday. immigrations and customs enforcement rates are set to take place for the removal of people whose cases have been heard and whose claims have been rejected. >> they are absolutely going t

the walkabouts that we went forward 2% of those revenues and that's domestic revenues through facebook, googlehey are going to do the same with 3% of revenues and again, both taxes apply to companies over a certain amount of revenue in a certain amount of domestic revenue. part of the reason this is needed is that you have seen with these multinationals, existing technic extending to places with low tax rates. they will go, right, using very complex mechanisms that the profit was made in bahamas, and they do that by lending within the group and also some court to kind of accounting trips. and if you make and use a ball these services, use the workers, the had to pay tax. france is saying is the turnover that goes on in that country which, it is hard to think that this is going to be too popular with people. but donald trump is not going to like it because they are american companies. they're going to be penalizing american companies and there is a hamster that says america is going to look into this and try and see what they can do to try and dissuade france and there's talk about tariffs on f

is not always covered by insurance, but tech companies like facebook, google and apple are using thisbenefits for employees. in the newsroom, a brks krrbc 7. >> napa county is the first to roll out a low tech way to help first responders. here's a look at the story and others that are making headlines tonight. >> when fire came to the north bay in october of 2017, deputies went door to door, warning people to get out. often that meant banging on evacuated houses. napa county is the first to develop this low tech idea. >> this is old school, but dependable and reliable. >> alameda county is one of 50 locations still with the highest number of new hiv cases. tout f street. >> so i did. encampment to see if they knew how to fight the epidemic. >> do you know what prep is? >> i understand it's a form of medication that prevents hiv. >> they have their own program to get to zero new infections. >> attorneys seem confident as they walk into a san francisco federal court ready to take on the nfl and oakland raiders. >> the bottom line is to get my residents reimbursed. >> so far he failed to

if you look at the major platforms -- facebook and google and apple -- this is inconsequential to theirinesses. and it is not going to enable french companies to compete any better. it's just a way of raising revenue. it's not going to really change behavior. emily: so how might trump retaliate? he has in the past threatened to do something about french wine. josh: as michael points out, this is largely in part about revenue and trump does not like seeing any tax revenue from u.s. domicile companies going abroad. you indicate he said that he likes american wine more than french. he has made this threat in the past. once again this afternoon, he said he might put tariffs on french win. e. that seems to be something that for whatever reason he has a real concern about. again, he left it open. it seems the administration might be thinking about something more broad that could get the attention of the french, but we will have to see. emily: we shall see. bloomberg's josh gallu and activate ceo michael wolf, thank you both. itsing up, intel beat expectations this quarter but analysts remain

its type from one of the world's major economies the 3 percent tax affects companies like google apple facebook and amazon but as natasha butler reports from paris the united states is not happy a show of hands and a display of defiance french senators passed a law taxing tech giants despite straits by the united states washington says the levy on thoroughly targets american companies and it's opened an inquiry a move condemned by france's finance minister i think that the best way of dealing with that kind of difficulties between the u.s. and france is not through it. is not opening a procedure under section 3 or one for the 1st time in the history of the friendship between the u.s. and french it is to build a compromise at the g 7 level. so that we can have a concrete and effective solution on the docks issue of digital activities the tax targets firms with a global revenue of more than $800000000.00 including $30000000.00 in france at least 30 companies will have to pay 3 percent tax on their french revenues because most are american including amazon and apple facebook and google washington

facebook, amazon, apple, google all appearing in washington to answer lawmaker questions on antitrust, social media, and cryptocurrency. the first to be raked over the coals, facebook, as the senate banking committee fired searing questions at the cocreator of the social network's cryptocurrency project. >> we will take the time to get this right. wouldn't it be easier and safer if people could securely receive money transfers through their smartphones, just like they do for so many other things? that's what libra was about. emily: virginia democratic senator mark warner grilled the libra chief on tuesday. we caught up with him after the hearing. >> i think blockchain technology, even the possibly of cryptocurrencies, has some positive upside, but i think we have to be careful, particularly when we are talking about the possibility that facebook might dominate this otherwise very disruptive technology. facebook already has 2 billion users. it has all of these advantages. we have seen facebook over the last decade plus do what i call catch and kill, where any new entrant into the marke

so far, no specific companies have been named but facebook, google, apple and amazon are among thoseelieved to be at the center of the inquiry. experts say that the investigation will focus on whether companies are stifling competition or harming consumers. >> their size and reach is what has allowed them to do that and also what keeps their dominance sticky, because it's something that's really harod duplicate, practically impossible. >> critics believe that the cycle of competition has broken down, and there's no change for upstarts to compete anymore. the last time the doj filed a major tech-related anti-trust charge was 20 years ago against microsoft. >>> a top ranking member of the sfpd is reportedly heading across the bay. "the examiner" reports current assistant chief tony chaplain will become the new police chief in hayward. in his name sounds familiar he served as sfpd's interim chief in 2016 resigned. he's expected to start his new role september 3rd. >>> coming up here on "today in the bay," "nbc bay area responds." >> a teacher turned author and her take on what kids need

. >> apple, amazon, facebook, google, those are the major tech companies the doj is investigating over whether or not they are abusing their market power and hurting consumers like you and me. the doj wants a clear picture of these giant tech companies. or, are they suppressing innovation by purchasing small startups and killing off potential rivals? >> the big question is, are they too big. >> reporter: norah o'donnell asked apple's tim cook recently. >> is apple too big? is begin with size scrutiny is fair. would you agree with the statement? >> apple is big. let's start there. apple is enormous. on the other hand, apple will tell you that they have market competitors and they do. trip this comes in the wake of lawmakers and presidential candidates threatening to break up big tech. >> this is the first time that silicon valley is getting tossed around like a football. >> is this political? >> what is interesting is that tech is being demonized by democrats including presidential candidates, but is also getting swiped at by the white house, the current president and conservative force

but facebook, google, amazon are believed to be at the center of this inquiry. sam brock's been talking with digital privacy experts and joins us with more. >> reporter: janelle, raj, questions over the market dominance of these companies and the harmful consumer behavior that has come as a result have been on the lips of congress, the president and even the federal trade commission for a long time now. but it has been a long time, 20-plus years since the federal government has brought anti-trust action against a major tech company, that was microsoft in 1998. now today's announcement was brief, and no companies were specifically cited by

[laughter] >> but can trump back up charges, facebook, twitter and google discriminate against the rightplus, new book by molly hemmingw i'm howard kurtz and this is media buzz. ♪ ♪ federal prosecutors in new york charged jeffrey epstein with sex trafficking and found hundreds of thousands suggested photos of young girls in manhattan mansion, rekindle debate as to why he got a lean deal in florida years ago, prominent former friends. >> i knew like everybody in palm beach knew, he was a fixture in palm beach. i had a falling out with him, i don't think i've spoken to him in 15 years, i so i wasn't a fan. >> bill clinton issued a that he had flew in his plane 4 times, joining us now to analyze the coverage molly hemmingway, fox news contributor and coauthor of justice on file which we will talk a bit later, susan, correspondent for the washington examiner, and jessica, fox news contributor, molly, donald trump was friends with jeffrey epstein, they had a falling out years ago, are some of the media imply or insinuate that trump knew and condoned of his behavior with underaged girls? >> i