. >> the ftc transparency on data brokers. what should the ftc do and does it affect us?they like to tell us how we are categorized as wild motorcycle riders. conservative. the ftc said let's have congress do something about this massive amount of data that the data brokers have on us. it is not to protect us from terrorists, it is commercial reasons. the ftc has the power. they can have an opt out. they should throw the book at them. >> i am a proud member of the conservative granola members of america. i am not ashamed. e to comes fre and look at mike ramallah -- at my granola. people feel like they don't have control over what facebook does with their data. these regulations often tend to be overbroad. there was question about how much authority the ftc actually has to do this. >> my authority as the get out right now. thank you very much. we will see you again next week. ♪ >> political capital is a production of bloomberg television. ♪ >> hear that pop? see that popstar? when it comes to pop culture you have to think pepsi. the brand has been in the soda game for more

known name, well-known family name, joseph kennedy to be the first head of the ftc when it was created, and also he appointed million to be uk ambassador in the late 30s after joe kennedy was head of the fcc. so now joe kennedy is off in england, having a gala coming out party, very lovely social event for his daughter, kathleen, who unfortunately died young as part of another kennedy tragedy, but john f. kennedy, a young john f. kennedy, was at that event. david rockefeller, who was part of a long history of industrial, financial family strengths, was also there. in fact he somewhat dated kathleen kennedy for a minute back at the time. and so the ties, these connections, were -- went through all sorts of social and events that people wouldn't be involved in. >> host: not just the social and the individuals but as you're just alluding to, the strength of the families as well. and those family ties that run deep. the morgan, rockefeller,

the average music teacher makes about $30 for an hour lesson. >> the ftc, because it is so busy, thiscides to focus on. it comes after you. you really can't fight the government, right? >> right. it's just impossible. we're a small organization. have a very small budget. >> you like most people sign a consent order, which is another way is to say, we don't admit to doing anything wrong, but we don't do it anymore. >> right. >> then they ask you to do a bunch of things for 20 years. >> exactly. we have to establish an anti-trust education program for our state presidents, for our leadership. we have to appoint an anti-trust compliance officer. we have to require all 500-plus of our local associations and our state associations to sign a certification that they don't have anything in their governing documents that would be considered anti-competitive. >> more bureaucracy. >> it's becoming a bank buster for us. >> but it's good for the lawyers. thank you. good luck to you. >> thank you very much, john. >> i have to say that the ftc is one more example of a largely useless government agen

but good luck, ftc. >>> thanks, everybody, stick around, my pal wolf starts right now. >>> right now,ing ready to make an important announcement about the number of u.s. troops that will stay in afghanistan after this year. we'll talk about what this means for afghanistan's future, what it means for u.s./afghan relations and the u.s. troops who will remain in that area. >>> also right now, we're sorting through 47 pages of newly released data on the disappearance of malaysia airline fright 370. the data includes communication logs between the plane and satellites, but leaves most of the big questions very much unanswered. >>> also right now, another sneak peek inside hillary clinton's memoir. we g

ftc commissioners say the industry, operates largely in the dark. the ftc says most consumers are unawre that data brokers even exist, and is calling on congress to enact legislation to give consumers more control over personal data. big banks are increasingly losing top trading talent to hedge funds. a bloomberg study points to new wall street regulations that curb traders from making the kind of highly risky bets that hedge funds are still allowed. those risky bets can also be highly lucrative. citigroup and morgan stanely have both had high-profile traders leave for hedge funds. in today's cover story--- hillshire brands is involved in another acquisition just two weeks after it announced plans to buy pinnacle foods. but this time, hillshire is the one being taken over, by pilgrim's pride, a unit of brazilian comglomerate, jbs, the world's largest meat producer. its the latest in a flurry of m and a activity that many believe is far from over. hillshire brands is in the middle of a food fight. just two weeks after it announced plans to buy pinnac

on the government side the ftc brought a number of enforcement actions against companies involved with online advertising for deceptive practices pursuant to authority under section five. they all have misrepresentation made by a company rather than the failure to it here to any standards. i will just summarize by saying with consumer privacy there are some guidelines generated on internet users and how that data can be used. these approaches do not track efforts and they have all the them partially effective. with the consumer data em privacy may be necessary but senator kerry and i introduced of bill of rights and updates will be necessary to provide a framework how to think about these issues calling for that includes basic rights and expectations consumers could have with the dissemination of the personal private information online and specifically the prohibited practices of the of role of the ftc in a safe harbor for those that choose to take effective steps to further consumer security and privacy. that legislation has a role forced regulators to engage with the ftc to come up w

on the government side, the ftc has brought a number of enforcement actions against companies involved in online advertising for deceptive practices. these cases all involve some specific misrepresentation made by a company rather than a failure to adhere to any general standards. i will summarize by saying on the question of consumer privacy, there are some guidelines on how much data can be generated on internet users and how that data can be used. notice and choice procedures have only been partially affected. a few years ago, senator kerry and i introduced a commercial privacy bill of rights. it provides a framework for how to think about these issues moving forward. basic rightsudes and expectations consumer should have when it comes to the collection, use, and dissemination of the personal and private information online, and specifically in prohibited practices, a clarified role for the ftc enforcement and a safe harbor for those companies that choose to take effective steps to further consumer security and privacy. that legislation also envisions a role for industry, self regula

. >> they had a lawsuit with the ftc the ftc sued them. they had a settlement.elissa: do you feel better about this? do you feel good? >> i don't feel good. but i think facebook is trying to change their poll is a little bit as they get more and more criticism for -- melissa: jared, do you feel good? >> not at all. we'll keep beginning stuff private but snoop on you while you're sleeping and record you at night. i will say this, for all the users, read the end user license agreement. says scary stuff. take the time to reed it. it will blow your mind. melissa: google planning ads that can follow you everywhere from your refrigerator to your face. i mean this is, just exactly what i want is, i'm going to set the thermostat on my nest thermostat and i get hit with an ad to buy an ice cream cone or something. i don't know. >> this is a new war. we've had the war for the web and advertising. now there is this thing called the internet of things. melissa: yeah. >> basically means that every device in the world will be connected to the internet through a censor. compan

and every carries has different antenna to add to that it puts us in a complicated situation and the ftc we asked at&t to look for other sites there are heights and other heights this is a far better aesthetic look than the previous site we'd seen before i feel like, you know, every time we have those hearings people suggest other sites and the minute we hear the next site there is another group of people seeing there's something wrong with that that's the challenge we have making the perfect the enemy it's more incentively done a better thing the antennas are hidden and not the prominent corner of gov. so for that reason that this is a much better solution. commissioner antonini >> yeah. i'd like to ask the project sponsor another question about the appearance of the stacks that's hard to tell will you but the existing stack on the building already i assume that's two existing ones. and i assume that the stacks are the new stacks will be of the same shape as that and obviously, the same color and what do we know about relate heights of the existing ones are they shorter or the same heig

you don't think there's a roller alternative of the ftc in this process?>> there is a possibility for the ftc. there's different kinds of agencies. the fcc as more of an ability to adjudicate inks in real time and given the nature of the way things have traditionally been done. saying this is purely because of her protection issue, which is what the ftc decided to would be too limited. that's an interesting debate to have. the first principle is to say we need to understand there is the possibility of real harm to consumers and to innovation and economic growth in the market place and making a great discussion. in some of my mouth review papers i argued for a specific adjudication regimes, happy to talk about that. the first principle is the cancer with a notion anything goes. >> your paper, the one you have today coming election went the cost side of the equation here. can you list out some of the costs that may be endured by the system if we had a more active role for the sec and interconnection? >> i spoke at the principal cost, upsetting the incentive

the ftc has the authority to enforce multi-stakeholder agreements. if the industry sits down with public knowledge and work something out, that can be enforced by the ftc. number six. congress, a new communications act. so, what do you think? grab a mic and tell me what you think. >> ok, i will start. i do not know if i will get to all six. >> please don't. i'm trying to get a range of options for the audience. what options does the fcc have and what do you think it should do? >> public knowledge thinks the clear answer is classifying or reclassifying, depending on what service we are talking about, to title ii. we think that one reason that section 706, title i and ancillary authority, is not enough -- when the net neutrality rules were challenged previously. in the d.c. circuit case, pk's point of view was we are skeptical of the ability to use these other sources of authority but we will let the fcc make its case. we will see what happens. basically what we saw in the d.c. circuit case was that 706 does indeed have even more broad authority than w

about the special day classes when there were no almost no black kids in sober schools except in their ftcs we're questioning that for all the children that are identified. and this is how we change that. we talk about it. it's comfortable uncomfortable and we've seen what happens when we sweep it under the carpet i think you should unquote to the county facility in san bruno and talk to those men and the experience they've had in our school districts and having i p and not being in the special classes where they recess with the regular students and lunch and we've had decades of that. so i feel like that information dr. blon could that commissioner mendoza-mcdonnell requested is valid and if you could give that to the board it will be greatly appreciated but right now, we're ready for a resolved and mr. haney. ms. maufas. commissioner mendoza. dr. murase. commissioner wynns. commissioner norton arrest president fewer. 6 i's. thank you very much. art on to our next item. discussion thank you pursue discussion of other education issues. no one. cds resolution. none. i think we're time to vot

a regulatory backstop you talk about the fcc, you don't think there's a role or alternative of the ftc in this process? >> i think there is a possibility for the role of the fcc. there are different kinds of agencies. the fcc has expertise in communications and has more of an ability to adjudicate things in real time. given the nature of the way things have been traditionally done, i think saying this is purely a consumer protection issue which is what the ftc knows how to do, i think that would be too limited but i think that is an interesting debate to have. i think the first principle is to say we need to understand that there is a possibility of real harm here, to consumers and to innovation and to economic growth in the marketplace. and then, yeah, we can have a great discussion about the exact methods. in some of my law review papers i argued for specific adjudication regimes. happy to talk about that but i think the first principle we can't just start with the notion that anything goes. >> and hal, to your paper, the one you have today in fact for us you look at more of the cost

messages on snapchat's mobile app were supposed to diseappear in a few seconds-- but the ftc says messages could be saved without the users knowledge. and accuses the company of collecting contacts without permission. snapchat agreed to a privacy program that will be monitored by an outside expert for 20 years. 19,000. that's how many jobs will be cut during the next 3 years at barclays. the bank based in the uk has been at the center of scandals. the ceo wants to created a leaner firm and retore its reputation in an ongoing overhaul. last year, barclayls agreed to pay $453 million to reguators in the u.s. and the u.k. after admitting employees consipried to manipulate the libor rate to make money for its traders. in today's cover story, nearly/Ñ 7 years on from the start of/Ñ the financial crisis, banking regulators and legislators are still determining the/Ñ/Ñ best'Ñ measures to prevent a/Ñ repeat.Ñ the uncertainty has given rise to a new expression in/Ñ the'Ñ/Ñ financial system. the words can be seen and heard just about everywhere "new normal" "new normal" but a universal meaning for t

jenny jump up and cabin she got ill and as she would start to inject aware of the fatah ftc has given his first tv interview since announcing he's running for president the former army chief is the frontrunner in the boat that is set for the end of the month speaking last night the aussie seeking details about what effect would be like with him in charge. a correspondent writes on the county was listening in to an interview he joins us now from cairo and saw different about what to think of it tell us about how cc style and a politician and perhaps a new president while the defect is that he be given as the meanings of the engine until you what you will really stiff. he was almost giving all those to whom truth and then. with the time he came up more often. one edition of the season. i have to be a useful tool sets of fellow human. but anyhow it's clear that its demands that it is though was called finding all the time. but he is trying to adapt to a normal civilian life and he said that effect he will add that as soon as he is connected if he's elected. and he would leave politics li

the ftc said snapchat didn't warn customers the messages could be saved and some videos could be retrievedno fine but the company agreed to monitoring by an outside privacy expert. we'll be right back. ,, ,,,,,, dog: oh, boy! mattress discounters oh, boy! mattress discounters memorial day sale. what's this? a queen size sealy gel memory foam mattress for just $497? mattress discounters has the largest selection of memory foam mattresses under one "roof." comforpedic, icomfort, optimum, and, wow, four years interest-free financing on the entire tempur-pedic cloud collection? don't miss the memorial day sale. ♪ mattress discounters these are the hands a pediatrician. these are pioneering advances in heart surgery. and these are developing groundbreaking treatments for cancer. they're the hands of the nation's top doctors. kaiser permanente doctors. and though they are all different, they work together on a single mission: saving lives. discover how we are advancing medicine at kp.org join us, and thrive. safeway knows you don't want to fly all over town to find the best deals. that's why the

the ftc put out some recommendations that said you could contact the credit bureaus and ask them to run manual scan that is supposed to require them to check for just the social security number. >> may not do the trick. we also have the free scan mr. mcnulty references available on our website. >> we have a tweet from our audience from identity mate and it gives three suggestions: freeze the child's credit, require an adult approval for child transactions and review all minor credit reports before they turn bo adults. earl, i am curious with you, how difficult was it for you to straighten out the situation with your son? >> that's a great question. and actually, all clear id who jamie works for. they were phenomenal when i contacted them about the whole then, they -- i documented all of the information that i had and then they sent it, and they took care of it all on their end. he was unfortunate. it was, you know, a smaller amount, certainly not some of the horror stories that sound awful. they took care of it. thumbs up to all clear id on that. so it was actually very -- we got the le

the ftc will be the interesting one. house prices and what is the bank of england going to do about it? >> may 14, june 13. going in my diary as we speak. jack ma is undoubtedly the star ipo butpcoming alibaba the softbank ceo is expected to be the biggest winner. this of that thing like it's a that that's about to pay off in spades. said, good morning. -- zeb, good morning. earn $58eal will billion from an early investment in soft rank that he made -- an investment rather that softbank made in alibaba. he met with a young jack ma starting alibaba out of his apartment. son gave him more than five minutes for that meeting so that he could explain his business strategy. he said he saw great promise and now he reaps the investment reward. him in themparing recent acquirer of sprint nextel to warren buffett. this gives him significant leverage. he is likely to have a board seat on alibaba, significant and noe with the company conditions on the ownership. quite a strong net payout for that original $20 million investment. >>

if it does not work it looks at actions by the ftc and congress.oming on the heels of the presidential review on big data that are commended congressional action. we're hearing the drumbeat for regulation coming out from the white house and now congress. laming theeport industry for allowing the attacks? >> it is not blaming them but certainly saying the industry may be more capable of dealing with this than your average consumer. mccain specifically pointed to google and yahoo!. pointed specifically to an attack on the yahoo! network right after christmas when a lot of employees were off from work. he said it involved using people's computers to generate a coin. said the industry needs to take more responsibility, not necessarily laming them. >> what are we expecting? >> tomorrow we will hear the industry perspective on all of this. we will hear from the chief information officer ayako. we will hear from the senior product manager at google, george salem. we will also hear from regulators. the federal trade commission and different advertising gro

and yes i now write a column that happen to a really nice he takes a village me to have the ftc has been part of education they need to have state attorney general ruled that parents and their parents help educate local school boards and he really comes down to andrew coming together and sing you know what their kids need to have their privacy protected but a slightly damp. they have my humble opinion. excuse me anyway attorney about the sheer joining me here instead of thank you very much thing to happen as kevin is closer to trying to gain control of cities in eastern ukraine protesters and donetsk say they plan to hold a breakaway referendum on sunday as they prepare for military intervention by the government local women volunteering themselves checkpoints are too closely or reports from donetsk lenovo and i'm ready to fight them with my bare hands with many one of the need for this team just to please his militancy toms. that is my fourth piano and fifty mil compatriots take up the positions. in short i knew what would have nothing in her hands. we are not afraid anymore this issue

in a report a call for transparency and accountability the ftc reveals data breakers could reveal youve a disease how information may be for an employer. the federal trade commission wants congress to give consumers more control over how their personal information is used. >> the federal government is investigating reports on brakes two of nissan models won't stop the cars fast enough. regulators are investigating eight complaints and some brake pedals go all the way to the floor. accidents and injuries have been reported. if there is a recall it could affect 200,000 cars. you may be, you may have a frequent flyer account. how easy is it for you to get a ticket? some airlines make it easier than others to redeem awards. southwest had the highest rating and united and american ranking in the top three. biggest frustration, some charge more miles than expected to get a free flight. my biggest frustration is that those programs charge a few fee to use them. >> they're going to get your money one way or another >> up next, pg&e gets some awards. >> new at 5:00 frustrated and fed up. >> i

the ftc will monitor for the next 20 years.dog owners have a hard time to walk their pets but restaurants are off limits for dogs in california, though you might see a lot of dog friendly restaurants a bill in sacramento would change that. there would be plenty of other rules, too. like no dogs on furniture, no food storage where dogs are allowed and waiters would not allowed to pet the dogs. come on. pet the dog. some information about home sales, 42% of home sales in this country were all cash sales that is a new high here in california, numbers aren't so dramatic. 33% of the home buyers in this state paid with all cash. in santa clara, almost 28% of homes bought are cash sales, alameda county exceeds california average, with 35% homes sold there being all-cash sales, 36% of homes in san francisco are bought for cash. there are no district rules about tipping f you're happy, experts will tell you tip 20%, but what if you're not happy and service was not good? what should you do then? >> what do you tip? >> 20% to 25, i'm a se

the ftc has finished their probe. the regulator said competition is mostly among brick and mortar.said buying a suit online does not seem obvious to most people. thank goodness for that. bloomberg is on the market every half hour. have a fantastic weekend. ♪ >> you are watching "bloomberg west" where we focus on technology and the future of business. i am emily chang. a check of your top headlines. it appears a class action lawsuit over apple's e-book price fixing will go to trial to determine damages. apple had challenge a decision that in the case, class action status had rejected that. apple is still appealing last year's ruling in which a judge said that they violated. twitter engineering head has stepped down and will move to an advisory role. frye who will be replaced, is the latest executive to leave following the departure of an product development head. he has made no secret he wants to speed up innovation. facebook's ceo mark zuckerberg and his wife make another major donation to schools. the couple is pledging $120 million to help low income schools in the bay area inclu

. >> the direct marketing association said that the ftc report only focuses on potential misuse.vacy add very can'ts are concerned about the reach of data brokers, last week we had a report about instore cameras that allows retailers to identify shoppers by age, and even mood. >>> an afternoon of rafting that went from fun to frantic. the warning about the type of raft they used. >>> donald sterling is going back on his word. what it could mean for the future of the clippers. >>> an update after this amazing video of a cat rescuing the boy. what happened to the dog. gridlock. teacher layoffs. and a 60 billion dollar budget deficit. that's what john perez faced when he became speaker of the california assembly. so he partnered with governor brown to pass three balanced budgets, on time. for the first time in thirty years. today, the deficits are gone and we've invested an additional 2 billion dollars in education. now john perez is running for controller, to keep fighting for balanced budgets. democrat john perez for controller. . >>> we have an update on the story of the hero cat

in russia, russian foreign minister sergey lavrov warned against ftc. >> people here who fought for a new president say they're not about to go anywhere until they see some progress. with demonstrators on the square and russian separatists in the east, poroshenko has won a presidency but he natures a country being torn -- he inherits a country being torn apart. tony, sometime in mid june, he expected that the talks to be brokered, that the united states and the european union should be at the table. the ukrainians think that should be at their advantage to keep the pressure on are the russians. it does seem from the news conference today that poroshenko will hold the line and insist on the united states being involved in those talks in mid june should they take place then. >> dana, good to see you. >>> secretary of state john kerry made a statement, the ukrainian people want to live in a united, democratic and peaceful ukraine. at 6:30, we'll see what sets poroshenko apart from yanukovych. >>> president obama visited arlington national cemetery for memorial day events. he laid a wreat

report.s the inflation june 17 is when the ftc meets. that could give you an idea of when we might get some new rules for the housing market. >> we have the ecb and bank of england, and the other big story, barclays. >> it is probably the single biggest story. the stock is 5% higher. 7000 job cuts to come at the investment bank. that is more than 25%. cuts in the retail bank along with a bad bank. >> let's get on with the details. let's dig deeper into barclays' strategy. the chief executive, anthony jenkins joins us from headquarters in london. thank you for joining us today. this isn't the first strategy overhaul we have had. why should investors believe this one is going to work? >> good morning. firstly, we laid out last year a clear direction for barclays. we wanted barclays to become the goto bank. we wanted to deliver superior returns for our shareholders. there has been significant changes to the regulatory and economic environment. we have the same objectives. this is a different way to get there. i believe investors will have h

self-regulation would be the ideal, but if that doesn't work it also looks at actions by the ftc, byongress. this is coming on the heels of the presidential review that also recommended congressional action. we are hearing the drumbeat for regulation coming from first the white house, now also congress. >> is the report blaming the industry for allowing these attacks? >> it is not blaming them. it is saying the industry may be more capable of dealing with this than your average consumer. mccain specifically pointed to google and yahoo!, saying right now they do not have direct control when delivering ads from third parties. he pointed to an attack on yahoo!'s ad network during christmas that involved using people's computers to generate bitcoins. the industry needs to take more responsibility, not necessarily blaming them for the attacks. >> this is in advance of a hearing tomorrow on the subject. what are we expecting? how does this play out? >> tomorrow we are going to hear the industry perspective on all of this. we will hear from the chief information officer at yahoo!, alex stam

a regulatory backstop you talk about the fcc, you don't think there's a role or alternative of the ftc in this process? >> i think there is a possibility for the role of the fcc. there are different kinds of agencies. the fcc has expertise in communications and has more of an ability to adjudicate things in real time. given the nature of the way things have been traditionally done, i think saying this is purely a consumer protection issue which is what the ftc knows how to do, i think that would be too limited but i think that is an interesting debate to have. i think the first principle is to say we need to understand that there is a possibility of real harm here, to consumers and to innovation and to economic growth in the marketplace. and then, yeah, we can have a great discussion about the exact methods. in some of my law review papers i argued for specific adjudication regimes. happy to talk about that but i think the first principle we can't just start with the notion that anything goes. >> and hal, to your paper, the one you have today in fact for us you look at more of the cost

ftc europe and russia began catching up. in the 1980s u.s. emissions almost 500 million tons per year. 2011 shows the world's top carbon producers are china, the u.s., india and russia. here to talk with us, andrew holland, enrolling foal at the american security project. andrew, welcome. >> john thanks, glad to be here. >> why these regulations and why these regulations now? >> well i think first of all we have to realize that they're moving forward with these regulations now, because we're beginning to see real clear costs of climate change. climate change is harming america's national security and it's harming communities around the country today. >> right i mean -- just let me stop through. because the administration has been here almost six years but why do they wait to do it until today? >> you know i think they wanted to get it moving through conscious. this is not necessarily best way -- to you through congress. congress could act on this and they tried to do this, in 2009, 2010 the house did pass a bill but the senate never passed an

the ftc feels this is a violation of the anti competitive antitrust laws. >> in theory i can see theirsed to say that about contact lenses. >> this is a serious thing to tell someone you can't have ordinary people doing it. we won't allow our members to add ties prices. >> the fcc came in and said that's the monopoly. contact lens prices fell 400 to 35 bucks. >> music teachers are making a bit more of a modest income than that. the average music teevener makes about $30 for an hour lesson. >> the fcc because it is so busy this is what it decides it should focus on comes after you. you really can't fight the government, right? >> it's an organization of a budget. >> you sign a consent order saying we won't admit to doing anything wrong but wouldn't do it and more. >> they ask you to do onerous things for 20-years. >> we to establish an antitrust education program for our state presidents for our leadership and we have to appoint an antitrust compliance officer and we have to require all 5 of our local associations and state associations to sign a certification they don't have anything i

ftc. >> about an our -- about an hour's drive into the dusty area, being virgin galactic and spacex, are owned by richard branson and elon musk. clearing the way for the company to start planning space flights. >> that's unique part of this, the democratization of the space industry. you and i thinking about going to are space. you had to be an astronaut, had you to train with nasa. >> falcon 9r, a spacecraft that can take off and land vertical vertically. like the 1960s r60s science ficn knowledge films. >> to scrert cl vertically landi vertically launch. others have tried it but somehow have stopped. >> stopping space canaveral, florida. still flock oro to l roswell, nw mexico. hoping that the economic windfall, while others fear it will change their laid back way of life. >> being people who have known each other since grade school, still meet for the town dance, cowboys and cowgirls still exist. and rocket-themed motel they hope the rbl that the town and e spaceship existence can coexist. >> come here to make their life the way they want to. maybe there's room for everybody. >> o

but the ftc says snap chat failed to tell customers that others could save their messages without their knowledge. >>> still ahead, why is monica line lewinsky talking now? >>> pro-russian separatists in eastern ukraine say they will go ahead with sunday's referendum on autonomy or even independence, ignoring a request from russian president vladimir putin to postpone it. greg pal cot is on the ground tonight in eastern ukraine. >> reporter: eastern ukraine in the grip of war, check point after check point manned by pro-russian activists wielding guns bats and other weapons going through vehicles holding their ground. dmeers by ukrainian soldiers are stationed as well, sometimes clashing with rebels. tensions that can only grow worse in the coming days following the decision by separatists to go forward with a planned sunday referendum on independence for the region. this despite a public call from russian president vladimir putin to put it off. some think he wants to distance himself from more trouble. here in slauf yauns, the sesht center of the move, they were surprised at the more c

talking about what the fbi and the ftc are taking a look at. you've got the richest guy on wall street. carl icahn's worth $20 billion. you have one of the most recognizable athlete notice world. who literally is on the golf course as we speak at jack nicholas's tournament out in ohio. one of the lead-up events to the u.s. open. he is on the golf curioourse as speak. >> so, scott, what do you make of phil mickelson saying, look, i'm cooperating fully with the government, he says he's not at liberty to speak about what the specifics are, but he says, i'm cooperating. is that just par for the course, no golf pun intended but, you know -- >> phil's people said right off the bat and said, hey, we're told we're not a focus of the investigation. one of the great unknowns is we don't know what the fbi or the ftc are specifically looking at. we know that there was some suspicious trading activity apparently in the days before carl icahn launched this bid for clorox in 2011 when some very large and very well-timed option trades were made around that tim

the commission is primarily a civil law enforcement agency charged with enforcing section 5 of the ftc act which prohibits unfair or deceptive practices. we are committed to using this authority to protect consumers on the on line marketplace. for example we use section 5 to take actions against on line ad networks. we also educate consumers and businesses about the on line environment and encourage industry self-regulation. in my oral statement i will discuss her enforcement and education efforts in three areas privacy malware and data security. first with respect to privacy we brought many enforcement cases against on line ad networks. for example an on line ad network that offers consumers the ability to opt out against receiving targeted ads. what they didn't tell consumers is the opt out lasted only 10 days. we allege this was deceptive the the -- deceptive under section 5. as a more recent example we obtained a record $22.5 million civil penalty against google for allegedly making misrepresentations to consumers using safari browsers. google place tracking cookies on consumers co

they have agreed to settle with the ftc without admitting wrong doing.could pay $16,000 for each violation. >>> there are complaints over the effectiveinize of a new rule -- effectiveness of a new rule. residents say bus drivers are skirting the rule and bringing tourists in to alamo square. this is from last year. the transportation department adopted the ban but many are up set it isn't working. others say they have seen a reduction in the number of tour buses in the area. >> i don't feel it is as big as a problem as it was. it doesn't seem as bad. just like small charter buses now. not as many. >> driver whose break the rules face a $100 fine. >>> our weather now, our chief meteorologist bill martin. as i was driving in saw drizzle but not enough. >> just enough. drizzle in the bay area. called for a chance of sprinkles today and we are seeing that. the currents image. the red dots i got rain totals. what you will see is -- 2/10 of an inch. that is good stuff. mill valley, closer toome, .02. -- to home, .02. there is a chance for more. you can see act

and the ftc say they will continue to enforce in that area. what i think we are seeing is another side to the arsenal. now the d.o.j. is going after the checkpoints, where are the sources that are causing breaches to the u.s. businesses, and go after the choke points which may be china, russia or other hackers and organizations around the world. >> other than these indictments, is there anything else that the u.s. government can do to crack down on this type of cyber espionage. >> clearly we'll see the leg work, they take cyber security and cyber theft seriously. what i expect to see is an education mission to part of this. the u.s. can go after the hackers. businesses can put in the resources to protect against foreseeable breaches. consumers, there'll be data breaches. if consumers can get educated, and part of what the government is going to do is use smarter passwords and be careful about what is posted online. you have the consumer aspect, business, and the third side, what we see and continue to see is the government enforcing against th

that is what the ftc says they're concerned about for consumers we don't realize these data collectors might know more about us than our families? >> i'm afraid of what true transparency looks like. the biggest spy of all is the federal government that wants to regulate this the federal government listens to our phone calls and captures emails and telephone bills and doctor bills and lawyer bills and all that kind of stuff. jenna: what is private now, judge? you mentioned public sources. >> very little. very little. if you asked me that question 40 years ago. the law would have been if you have expectation of privacy, if you expect it to be private, if it is rational if it is private it is private. not any longer. very little privacy left in our society. the leading assaulter on our privacy is our own federal government. popularly elected government has done this to us. industry, where we started the conversation picked up on that. jenna: do you think it is too much to put it all back in the bottle? >> i think it can be put back in the bottle if there is will to do so. jenna: does that

dow jones report that the ftc is likely to approve the merger between the two men's chains here.joseph a. bank up 1% temperatu. the speculation leading to the jumps in prices. >>> co-founder of groupon still targeting daily deals. he'll talk to us about his latest venture. those little things still get you. cialis tadalafil for daily use helps you be ready anytime the moment is right. cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any allergic reactions like rash, hives, swelling of the lips, tongue or throat, or difficulty breat

, for example, billing, cramming and slamming and concerns of billing are jointly dealt with by the ftc and the fcc. has the authority to enforce multi-stakeholder agreements. if the industry sits down with public knowledge and work something out, that can be enforced by the ftc. number six. congress, a new communications act. so, what do you think? grab a mic and tommy what you think. >> ok, i will start. i do not know if i will get to all six. >> please don't. i'm trying to get a range of options for the audience. what options does the fcc have and what do you think it should do? >> public knowledge thinks the clear answer is classifying or reclassifying, depending on what service we are talking about, to title ii. we think that one reason that andion 706, title i ancillary authority, is not when the net neutrality rules were challenged previously. pk'se d.c. circuit case, point of view was we are skeptical of the ability to use these other sources of authority but we will let the fcc make its case. we will see what happens. basically what we saw in the d.c. circuit case was that 706

i'm sure the company now after the ftc ruling and a couple opener issues and have a new rollout and can't quite figure out what their identity is, do you think they can get them for less than $3 billion? >> less than $3 billion? we're hearing about snap chat, high school skuntsz. certainly not the bargain instagram was? do they want to find a completely different area, seems like snap chat is playing hard to get. >> whisper, worth $36 million, you had the ceo on the show. they just raised $36 million. that's a possible takeout target. secret, a lot of buzz in this valley. >> starting to get dangerous, once you get into that stuff and yick yack, starts getting eve c evenicier than some thought for some users. >> a cheaper way to get into it. >> i like the way we're drawing the line between the secret market and disappearing market. who thought we would be having this discussion. >> i think it's a nuance. you want to look at both of them together. >> youtube to acquire twitch for $1 billion. interesting to see tube catch up in a certain area. >> what's great, so much content is created chea