accurate financial data. and so i mean, there's a lot of challenges and a lot of the projects are mapped incorrectly and including bonds, and so we are working very diligently to clean a lot of those things up. but we can't just do it in a box, other city departments, giving we do a lot of funding to other agencies. >> thank you very much. and that's the last of my questions. >> thank you, thank you very much for the report. a couple of quick questions. there are expenditures related to i think a shared jurisdiction, and so for cal train, electrification, $20 million. is that -- is that shared corridor or -- how are bond dollars appropriately spent in these mixed use shared corridors? >> to be completely on northwest with you, cal train is probably my weakest areas of the bonds. our portion what we are contributing. i don't think it's necessarily the san francisco portion of the cal train tracks. however, i could -- i could look at that information and get you more information. >> ok. thank you. >> that would

how customers -- comfortable our customers in trusting their financial data to online companies?ies? as a company we take data security quite seriously. this is why we partner and set up a joint—venture here in for south east asia. we will be... though reason we chose a bank to partner with is that the products will be subject to the same regulation and will be strictly compliant. theresa may this week announced an $86 million fund to fight plastic waste. she also hopes to urge leaders of commonwealth countries who are meeting in london to improve their waste management. rubbish from plastic and what to do with it is a problem every country around the world is facing. to tackle it, one of india's biggest states banned most plastic product. the move has gained a lot of traction. plastic manufacturers have won warned ofjob losses which could be in the tens of thousands. aside all too common in mumbai. tens of thousands of tons of plastic waste, often dumped on canals, rivers and in the city. the government solution, a sweeping ban on plastic it means work at this factory has come t

published its first financial data since that harvesting scandal.here were a strong set of figures. no obvious hits being taken from the scandal the company has been dealing with. facebook's user base continued to grow during the first three months of the year despite the campaign to o delete facebook which had sprung up in the wake of the data scandal. billion people used social network daily in march. the number of people logging and rose to 2.2 billion. no visible impact on earnings eased their -- either. 63%.ts up by ridingk's cto has been toy british parliament committee about the scandal thing the company is deeply sorry f for te breach of trust the cambridge analytical scandal represented for facebook. scandalidge analytica represented for facebook to >> greece is getting ready to exit its bailout after years of austerity. corrects he says greece's bailout exit can happen without needing a backup credit line. also calling on eu member states to honor their promise of providing debt relief to greece which has received more than 250 billion eur

security and the fbi say russians are hacking into them to get your personal information, and financial data. the best defense, make sure the software on your router is up to date and change your password. >>> tonight, we're getting a better understanding of what happened the night sacramento police shot and killed the department has release -- happened the night sacramento police officers raced to the scene after reports of shots being fired. >> everybody good, everybody good? >> reporter: body cam footage shows a third officer approaching two officers in somebody's backyard moments before stephon clark is shot. >> do you have a gun? >> reporter: while clark is lying motionless on the ground, there's confusion on whether he has a gun or even arrive. >> a-- has a gun or if he is alive. >> we cannot get you help unless we know if you have a weapon. >> reporter: minutes later officers approach clark and arrest him before administering cpr. while officers searched the crime scene for evidence. other teams responding trying to explain what happened to neighbors. >> we heard gunshots. >> yeah, so

department of homeland security and fbi, russians are hacking in to get personal information and financial data >> people don't change the passwords or they put a simple password that's easy to crack or guess. >> investigators believe the hackers want to infiltrate internet service providers. you should make sure the software is up to date and change your password every so p often. allegiant airlines says safety is their top priority after a slew of problems were reported under the radar. >> reporter: passengers filed 1 by 1 to this airline flight from stockton to las vegas as the airline with the motto, travel is our deal deals with troubling headlines from a 60 minutes report. >> cabin pressure loss, emergency decents and unscheduled landing. >> reporter: of the 99 planes in the fleet, 25 have had engine failures or malfunctions in less than 2 years. there have been no crashes. tammy is a frequent allegiant passenger. >> one of the issues is due to mechanical issues. i don't schedule anything the day of flight. >> reporter: greg and jamie mcmullin had no troubles. >> we had no negative issues

we have to take great care with that financial data. we never sell your data.our data to anyone else. no one else has access to what. we do not use any proprietary passwords. known else can user data. emily: it was john stein, the ceo of betterment. coming up, overseas european regulators are keeping a close eye on the mark zuckerberg's testimony on capitol hill. we will take a look at what is facing the social media giant in europe. this is bloomberg. ♪ emily: finally, one more conversation on facebook. there have been heated reactions to ceo mark zuckerberg's appearance in washington, including those in the eu you. eu, and europeans do not seem convinced. -- took to twitter, citing zuckerberg's pledge that he would accept responsibility for his company's failure. bloomberg gadfly's alex webb in new york and caroline hyde in london joined us to weigh in. alex: that has driven us a new set of regulations on the european level, the general data protection regulation. more broadly looking at facebook in europe, there has always been a certain question mark about

there's been accusations and it's based on a feasibility study based on true financial data with peer review. if we need to make up for the units that are lost because we want two towers, let's look at the numbers and see how high we have to go and let's make decisions on the height. >> >> commissioner: i want to follow-up with environmental planning staff. just the idea on the air quality of the courtyard and central courtyard. so how is that measured with the building. what causes that increase? >> good question. we have a computational fluid dynamic model. it's not how we do traditional ceqa analysis. it's meant to address the concerns address with the previous project and it takes into account the wind pattern and a lot of more accurately than the traditional model approved by the echltd p.a. and approved by the e.p.a. and what was the question? >> commissioner: how you modelled it and what causes that. sit a lack of air flow? >> just as the folks have pointed out you are putting the building that can -- it changes the patterns. that's why you see in the west courtyard you see a d

data is important to give you a full financial plan.shoebox full of receipts and papers and headed over to your advisor to help them make a plan -- and we automated the process and made it painless and digital and seamless. carewe have to take great of that financial data to make sure it is used in your best interest. we never sell your data or rented to anyone also. nobody else has access to it, and we don't use any proprietary password. you have at specific passwords that no one else can use your data. emily: we will check in with you in a couple of years, if not sooner. coming up, who speak to a founder was swapping out the keg for nursing groups. that is next. this is bloomberg. ♪ emily: there are 20 cities shortlisted by amazon at second american headquarters, and at least one real estate fund is try to score the tech giant. diwali fund that manages less than $2 billion owns $10 million worth of shares in properties real investments based in arlington, virginia and the predict shares to be worth $40 a piece if amazon picks its neig

financial planning. and it takes a lot of data and processing of that data to deliver financial advice.it on a customer service side to give them more delightful experiences and to route them intelligently. ai, in terms of what it is actually doing in better managing your money, is in the early stages. and i think that is true of most of these financial service companies who are just beginning to start to see the power of it. emily: what does that mean? what can't you do now that you might be able to do in two years? >> if you believe we will have self driving cars, of course you believe that we will have self managing wallets. and i cannot imagine that in 10 years people are still going to be be managing balances between a checking and savings accounts. emily: that is so annoying. >> stocks and bonds. all of that can be better done by technology than it can be done by humans. it is much less annoying when you do not have to do it yourself. emily: there are larger incumbents getting into your business, and does this become a commodity? >> one of the things that is exciting for us is tha

your data is so important to giving you a full financial plan.tionship, you would bring a shoebox full of receipts and papers and headed over to your advisor to help them make a plan -- and we automated the process and made it painless and digital and seamless. we have to take great care with that financial data to make sure it is used in your best interest. we never sell your data or rent it to anyone else. nobody else has access to it, and we don't use any proprietary password. you have specific passwords no one else can use for your data. emily: fascinating stuff. we will check in with you in a couple years if not sooner. wework type of space, specifically for women. swapping out the keg for nursing groups. this is bloomberg. ♪ emily: there are 20 cities shortlisted by amazon as a second north american headquarters. at least one real estate fund is the tech giant, the washington, d.c. area. estate trusteal based in arlington, virginia. they predict shares worth $40 a piece if amazon picks its neighborhood. is buying a chinese startup called na

you come along with others, have wanted to look at the financial data of aramco or 40 years -- fo r 40 there anything else that pops out that we did not get? will: a couple of things which really strike you. i mentioned, the oil industry has had a tough time and companies have borrowed quite a lot of money. aramco has no debt whatsoever. the other thing that people always expected, it is extremely cheap to drill oil in the saudi desert. by our calculations, the cause for each barrel they drill is about four dollars. that compares to a similar figure of $28 for exxon and shall. it really confirms that the reason that aramco has this real amount of cash is the fact that it is so cheap to get the barrels out of the ground. mark: the numbers highlight how dependent saudi arabia is on this company. will: yes. i think this is what the numbers and attacks regime really reveal -- that tax regime really reveal. a bit of tension between being place forive investors and the fact that the kingdom is so dependent on it, to make sure it is healthy this coolly and estate pay for all of thing that it

if you're going to target something, whether it be ransomware or pictures, your financial data, theyafter things like dropbox, so they need to have the right and appropriate security. emily: bettercloud just raised $60 million in funding. security is a huge focus for you as a software solution. what does your company add to this market that currently isn't being served? david: the thing that's happening is that there is this massive shift going from on premise to the cloud, specifically to sas applications, and is changing the way we work. this is the biggest shift in how we work in the last 20 years. the last time we had a shift like this was when we started getting email on our phone. look at how we are working with files in the cloud. nothing is living on the device anymore. it is all in the cloud. we help companies secure the sas applications they are using, and all the data being moved around, shared, collaborated on, we protect that. emily: how concerned are you that this shift to the cloud, to more shared workspaces in the cloud is making us more vulnerable? enrique: you reall

conversation that i didn't mention, in my conversation with ojpod, they did say they collect hospital financial data, but that has not been released publicly historically, but they are making plans and in the process of being able to upload that data, but it is able to be released to the public. so at the point we don't know how much hospitals are sachbing sachbing -- saving or spending, but that'll be available in the next month. >> supervisor fewer: thank you very much. so i'm hearing there's some interesting in doing a study, but that perhaps we should start this after hiring the new executive, so my staff -- >> yes. through the chair, angela calvillo, interim administrative officer. while the bulk can be done by the new executive officer once that individual is hired by the commission, i can begin some preliminary work in terms of collecting the information of each hospital, finding who the right person is. i can also contact the hospital council to determine if they've done an unless of any kind since the last time you did that, commissioner ronen, so i'm happy to start that. >> supervisor fewe

years of financial data and customer receipts are sitting in a cardboard box in the middle of a floodsiness that way? i would rather you had nothing. tranchina: the box is obsolete, though. this is negative steps in the wrong direction. lemonis: i'm just telling you, you are way more f'ed up -than i thought. -tranchina: what would you do with all the tickets at the end of the day? lemonis: i either would file them, or i would shred them. this place is filthy. it's almost like these guys gave up. standard burger feels more like substandard. -i want you to take that off. -sammy: "we set the standard"? lemonis: yeah. you don't set any standard. get the razor. take that [bleep] off. i don't want that standard. there are a million businesses that i could be working on. i don't need to be wasting my time with a broken burger business with four or five guys that just basically walked away from the place and have left me to clean it up. this may have been a mistake for me. sammy: marcus, i don't want you to feel that way. lemonis: i do feel that way. sammy: we'll make it right, marcus. i-i pr

clients is accused of an authorized acquisition of data financial espionage violating swiss bank and business secrecy rules. now this connection could be a real game changer the first direct train from london to amsterdam has completed its maiden journey it took less than four hours now rail service operator eurostar hopes its new route will entice boast both business and leisure presenters to switch from air to rail travel from city center to city center just as fast as fly . the platform at london's simpang chris was mostly filled with officialdom just before the first amsterdam bound euro study pondered a low small party of tourists also managed to get on board for an on time departure . the london amsterdam route is yours does first network expansion since one thousand nine hundred ninety four when the trains began connecting various cities in france and belgium the amsterdam service is aimed at passengers who would normally fly. look at our experience in other markets in paris and brussels seem to the customer doesn't value an alternative that we see them or which is the airline

they say no financial data is at risk. goldman sachs and lord and taylor also reporting a breach.r bankruptcy. it puts the trump administration in the hot seat. they have to decide if they will l and nuclear power plants. you can click on charts and graphics and interact with us. check it out. this is bloomberg. ♪ alix: i am watching the bankruptcy of firstenergy. this is the debt maturing in 2021. trading around $.21 on the dollar. the company wants money from the government for their nuclear and coal plants. they want to force the and the largest grid operator in the u.s. to take coal and nuclear plants. david: didn't president trump say i going to save companies like this? alix: the government said we want a subsidized nuclear and coal plants. you had the nuclear regulatory agency say no dice. the grid is overpowered so you need to keep them online so you have a reliable source of energy. departmentory said no dice. that becomes an interesting line to toe for president trump. david: how does that work out when he is worried about the workers? alix: exactly. if you look at pjm p

underwrite bonds, and two, they have to get a commitment from the issuer to provide annual financial and operating data during the life of the bond. it's called continuing disclosure. and then, moereover, the s.e.c views itself, quite frankly, as a vindicator of the interest of bond holders. so the idea is to create an efficient market, and that is to ensure that investors have all of the information that they need in order to assess their risk in order to make an informed investment decision, so the notion is that the pricing of bonds reflect risk, and the only way to get there is for -- is to require issuers that as borrowers to provide all the information that's necessary in order to make an informed investment decision. okay? so -- so when the s.e.c. brings enforcement action, there are a few areas that have jumped out where we try to, in our training with staff and our work throughout the city, that we try to kind of concentrate on these areas. so one is the silo effect, and i think the silo effect is kind of the biggest area, so in some instances where local governments have gotten into trouble,

got handsome financial data that was reviewed by bloomberg and hear things that we can tell you aboutaudi aramco. it shows up the oil giant is the world's most profitable company and net income was $33.8 billion in the first half of 2017. they mentioned the ultra low production costs and that the company is virtually debt-free. this is all part of a bloomberg news investigation into saudi aramco, where it reviewed some accounts and some figures from saudi aramco to dig through some of these details. virtually debt-free and ultra low production costs. the most profitable company in the world. david: the possible ipo for aramco is how will the government interact with the state owned company? according to the data that we have seen, it shows that saudi arabia has not imposed a lot on saudi aramco. much goes public, how will the government change the rules as it were? indicateformation does that they pose a tougher road to tax. alix: if you are an investor, why are you going to buy when the majority of the profits are going to have to go back to the subornation? david: can they change th

individual data in fact, by then we'll start to see probably more hearings around medical data, financial datand probably not so much behavioral data and that sort. i think what would still be in the agenda unless it's been solved is what about teenagers in my case, my grandchildren don't have permission to go online as early teens. i know steve jobs' children didn't either. many people who know about technology have pretty strict parental control over their kids going on these types of services that would have a lot of impact on instagram, obviously. because instagram focuses on young people. >> you think tim cook goes to capitol hill >> well, i think tim cook is becoming a media star. i sort of wonder whether he isn't running for president. he's very articulate, has strong points of view he's highly respected. the other day he was on television for quite some time and he talked about privacy being a right, not just something -- >> some people thought he was holier than thou would you have been as cri

alleged proven logically proving tax evasion of interest to see clients is accused of unauthorized data financial espionage and violating swiss bank and business secrecy rules. the first direct strain from london to amsterdam has completed its maiden journey it took less than four hours eurostar hopes its new route will entice both business and leisure travelers to switch from there so the rails from city center to city center it's just as fast as flying and with one way ticket starting around thirty five pounds the connection could be a game changer. the platform at london's simpang chris was mostly filled with officialdom just before the first amsterdam bound euro study pondered a little small party of tourists also managed to get on board for an on time to cotch or. to london amsterdam route is yours does first network expansion since one thousand nine hundred ninety four when the trains began connecting various cities in france and belgium the amsterdam service is aimed at passengers who would normally fly. if we look at our experience in other markets in paris and brussels we seem to the cus

clients the is accused of an authorized acquisition of data financial espionage and violating swiss bank and business secrecy. and that's all for your business for now and it's sports with terry that's right and as so often that means football kristoff we've got champions league for you liverpool stunned by in chester city three nil and the all english quarter final clash the hosts scored all three of their goals in a frantic first half midfielder. chamberland was among those who starred for you're going to top side liverpool travel to manchester next week knowing a single goal will leave city needing to score five but both coaches believe the time is far from over. reach islands and now we have three men up that's better than being three new down one of the present but it's not a decision everybody knows that as well we go to manchester city and they want to. strike back they didn't play bad tonight don't need to create. the meet the usual number of chances i think in this room these nobody except the guys was talking to you beliefs but we're going to go through two more who we're going

ai and data analytics are fundamentally going to transform the financial industry, we believe that for are things we are immensely supportive of. we have already launched a $27 million ai data analytics grand to promote the usage of ai. and concurrently to that, what we have done, we have brought together industry leaders to effectively put together a guide of principles to promote the ethical and accountable as well as transparent use of ai in data analytics within the financial industry in singapore. what particular areas of focus? david h.: the areas of focus we are currently looking at, essentially, if you think in comparison to gdp in europe and so forth, it is not just in terms of ownership or privacy, these are issues naturally extremely important, but already in motion. fundamental questions posed, what does it mean when you use the data? within wealth management, marketing, when you look at products, more regulated activities or analysis of risk models, how do we make sure ultimately [indiscernible] the guys will be developed in cook creation with of the industry and pushed ou

financial planning. it takes processing of that data to deliver financial advice.ve them more delightful experiences. terms of what it is actually doing in better managing your money is in the early stages. i think that is true of most of these companies. emily: what does that mean? what can you not do now that you might be able to do in two years? >> if you believe we will have self driving cars, of course you believe that we will have self ets.ging while it's -- wall all of that can be better done by technology than humans. it is much less annoying when you do not have to do it yourself. emily: does this become a commodity? >> one of the things that is exciting for us is that incumbents are coming in. they are driving customers to us. all of them are conflicted and sound their own products. if you go to vanguard, you expect to get vanguard funds. if you go to merrill lynch you are getting funds that they are getting paid to offer you. at betterment we do not get paid by anyone to sell you certain funds. the only way that we make money is the fee that you pay to a

data brokers to target people in the u.k. and i tested this myself one example was financial information from a data broker called experian facebook nonstop this relationship but it just shows i don't think how how how much much more invasive that is and many consumers do not expect to be targeted based on financial information if they have not shared that information with the company itself but doesn't this precise targeting allow companies to make more money i mean isn't that the reason why they are doing isn't that what it's all about it certainly laws facebook to make more money it's one of the most valuable companies in the world and the question we have to ask ourselves as a society and as people around the world is what price are we willing to pay it's not about not making money of effort ties then the question is who pays the extra nowadays and i think what we've seen now targeted advertisement seems harmless but it has created an ecosystem that's very complex that can be hijacked by all sorts of people one example is political advertising facebook is tackling that issue but there are many more problems that the that the p

. >> certainly in financial services this is the number one output in terms of expense, spending money on protecting datahat is broad-based in terms of corporate america but the financial services, jpmorgan ceo jamie diamond said they would pay $1 billion. >> that is your financial data, that is a big deal. maria: still had a big interview with a new national economic director larry kudlow. stay with us for that. >> maria: welcome back. good thursday morning. thank you for joining us. i'm maria bartiromo. it is thursday, april a fifth. your top stories right now. stocks finished the day sharply higher. dow industrials were up 230 points at the close. the market rallied 700 points from the low to the high as investors were concerned after china unveiled plans for tariffs on more than 100 american goods including soybeans and airplanes. futures are rallying this morning. we're expecting the momentum to continue. we're off of the best levels of the morning. dow stills are expected to be up 30 points. the nasdaq is up 37 right now. in europe, green across the board. take a look at the indices, with the fq100

. >> you can't go out and buy my financial data and accumulate it so people can target ads or discriminatethat's one of the key things that's going to happen, it's starting in europe and come over here, they'll be an internet bill of rights. lauren: a cost to investors. dagen: taken the f out of the fang stocks. lauren: bye. maria: that means it's hitting investors as well. talk about a power play, bryce harper chatters his bat. aaron judge blasting his way into home run history. sports is next. think your large cap equity fund has exposure to energy infrastructure mlps? think again. it's time to shake up your lineup. the alerian mlp etf can diversify your equity portfolio and add potential income. bring amlp into the game. before investing, consider the fund's investment objectives, risks, charges, and expenses. read the prospectus carefully at alpsfunds.com/amlp there's nothing more important than your health. so if you're on medicare or will be soon, you may want more than parts a and b here's why. medicare only covers about 80% of your part b medical expenses. the rest is up to you. yo