we're at the ftc. anyway, i figured it was time to correct that.sometimes your name confuses folks. they don't always understand what your mission is. one person who does understand is david letterman. a few months ago, he thanked you for standing up to the companies that were trying to pitch a new weight loss product, caffeine laced under garments. i'm actually not making this up. you ruled that these projects were not substantiated by scientific evidence so thank you for saving america from caffeine laced under garments. these companies owed consumers a refund. and that was just the latest example because as edith said you recently celebrated your 100th anniversary and i want to thank you for 100 proud years of protecting american consumers. i also wantvw> to thank some of the members of congress that are here today and many of our partners from not just government but from private consumer and advocacy groups. next week up the street i will deliver the state of the union address. it will be a chance to talk about america's resurgence, including

for every illegal call even if the ftc doesn't take action, many of the apps use the claims to stopled in the future. get more on kpix.com/consumerwatch. >>> you like the gas prices lately? not everyone is happy about the falling oil prices. an oil tycoon says cheap oil is ruining his divorce. what? yeah. billionaire harold hamm is appealing his divorce settlement. he says he can no longer afford to pay the $1 billion that he promised his ex-wife. hamm says he has been hit hard by the oil slump cut into some of his cash. it's estimated he has lost half of his $19 billion fortune. >>> today marks the beginning of the three-month window for mavericks the big wave surfing contest being run by new organizers this year. they have introduced a new twist to the field of 24 invited surfers. there will be two wild card spots for up and coming surfers. >>> and a new year's day tradition played out today on the san francisco bay. dozens of swimmers took the plunge and swam from alcatraz to aquatic park. brrr! the question we really want to know is: why? >> it makes you high. >> great way to st

the ftcs authority. the ftc regulates in the areas that agencies don't, and so if broadband is considered a common carrier service and is under stricter fcc control that would remove the ftc's authority to police consumer protection issues. that would go to the fcc. recently the consumer financial protection bureau sued sprint on the issue of putting bogus charges on people's phone bills. so that was an issue that i think -- that's an area that the consumer protection bureau has not been involved in before so that's a new agency part of created in the dodd-frank wall street reform bill. and so i think the question of how much -- how vigilant will they be in this area, their theory was that sprint was acting as a payment processor by putting charges on people's phone bills. so that this first time they acted against a phone company. we'll see if they're more active. >> we'll put you all on the spot here 30. second each. what's something we have not talked about that we need to talk about? brian fung begin

cautious and trying to make sure they're picking the right relationships good news here is that the ftc is getting involved in the early stampedes we view that is a positive the items we should expect more to come the kind of high-level themes on page 18 of concentration and out sizings the best managers will continue spurs done a job and expect difference indication and geography is critically important and manager selection maneuver you have the definitions of difference indication to outperform long term and co-investments is a popular topic and i'm involved with the current services i would say that there are reaps to do that but most institutions lp are not set up to do that we advise them to building very careful if they think about going doing this the way you set up your system apologizing alternatives make sense and real estate i know this is being formulated appropriately it is a given the market we're advising again, people to be cautious. >> talking about the fcc talk about 9 limited partners. >> sure so was it means there will be greater transparent for limited partners as

. >> reporter: in fact, the ftc says it's only taken action against about 600 telemarketers since 2003 and what many don't realize, the registry only applies to calls coming from outside of your state. so in some states, local telemarketers may not actually be breaking the law. now, the national do not call registry is a great tool to stoplight out of state telemarketers but there are a growing number of products intended to block all the others. >> the number you are calling does not accept unidentified calls. >> reporter: anonymous call rejection is free. just dial star 77 from your land lyle to block calls from blocked numbers from your land line. for unwanted calls to your cell phone, there's an app for that. several in fact. one screens calls and rates them red, yellow or green based on the caller activity and complaint history of the number. you can also file a complaint with the ftc directly from the app. >> this is stacy at accountholder services. >> reporter: en that there's nomo robo the winner. robo call challenge. the free service screens out illegal robo callers and telema

they may disagree the way ftc's doing something.ns walmart, for instance. but in the end, there's no -- it's not the united agency of dollar general. i mean you can disagree all you want but in the end the ftc -- >> decides. you can take them to court but shareholders are not going to sit around with no guarantee a deal's going to close -- >> people have taken ftc to court. >> they have. absolutely. vote's 22nd. dollar tree's going to win. >>> bond pits. rick santelli at cme group in chicago. >> wow lots of volatility. two day of tens couple things jump out at you. of course kind of in a zone but losing it here. the way rates have started to come down here if you're an equity trader i would pay attention todown downside of stocks. dynamic moving treasuries or anticipation of equity volatility to downside. two days of 30s fascinating weep did not get our close, challenging all-time closing low yield of 2.45. but it was very close. and that done mean it's not going to happen. dipping below it again. friday in front of the three-day we

tell us more about this ftc ruling. >> thanks, gerri.o yesterday the ftc announced that a federal judge in illinois had issued a partial summary judgment from a case that was filed back in 2009. the judge found that dish network was liable for 57.6 million violations of the ftc's telemarketing sales rule. more specifically, the company and its contracted telemarketers had called 57.6 million times to people who had put themselves on the do-not call list or asked the company not to call them anymore. gerri: give us details about this. on their website, they say, you don't have to take calls from us. in fact, they call you anyway. why? >> yeah, absolutely. so what we can tell from the ftc complaint filed in 2009, that the company was calling consumers to either talk to them about services that they could provide or trying to upsell them things. gerri: of course, they are. of course, they were. i understand you have an example -- you've been looking at this. studying it for some time. give us an example of one of these calls. what's happene

his one of more than 15,000 complaints the ftc said it received last year all robocalls pitching free medical alert devices. >> they claim that a friend or family member has already purchased this device for the senior citizen in question. that is almost always not true. >> reporter: this man heads the national do not call registry program at the ftc. the ftc recently shut down a florida-based company that made more than $20 million off consumers from calls like the one jensen got. in addition, the ftc warns, the caller tells the consumer that it's endorsed by hospitals or a company when it's not. >> it also says that the shipping has already been paid for so to schedule the delivery of your emergency medical alert system, press 1. >> reporter: and when the consumer pressed the button it verified the company reached a working number. >> then says we need your credit card information. >> reporter: the credit card information was used to pay for a monitoring system associated with the device. >> the monitor service usually costs a fee, and that is not disclosed in the initial robocall.

this is the first time we've ever had an ftc chairman at the event. i'm super excited. so welcome, please. [ applause ] >> good morning. chair woman, i'll thrilled to be here with you this morning. >> good morning. i'm delighted to be here. i want to thank everyone for being here this morning. and i want to thank tim for the invitation to join you. >> for braving the snow? d.c. so chairwoman, you are affectively the nation's leading consumer privacy officer. you have to do a lot of big picture thinking around privacy. this morning, i want to focus around your big picture thinking on the it netnterfletnet of things but first you have an announcement to make. >> yes, i'm pleased to be able to share with all of you that the ftc is issuing its internet of things report this morning so i'm pleased to be able to have a chance to discuss the report and i hope you will all have a chance to take a look at it. >> wonderful. so there seems to be a tension at the core of internet things and wearable technology. a tension between convenience and privacy on the other. you had doggy f

the ftc will also be able to send the complaint directly to service providers who would have to respond30 days. >>> pope francis is in sri lanka for the first leg of a trip to asia. the pope plans to bring a message of peace and respect for all people regardless of faith or ethnicity. his arrival comes on the heels of new international tensions over the paris attacks. in a message to vatican officials, he said religious fundament fundamentalism was because they used god as a pretext to perpetuate mass killing. >>> watch out for icy spots this morning. the temperatures are falling and that is why. the wind is blowing, colder air into the area. the numbers have started to come down in philadelphia. 35 degrees. but much of the area is already seeing the ground freeze up with the north/northwesterly winds at 10 miles an hour and some higher gusts. in the pocano mountains, they are back to making snow in the teens in the mountains. that's the cold air moving in to the rest of the area. look at the arrows lining up. the northerly winds at 14 18 13-mile-an-hour winds. steady for everyone seein

and that they're the only game in town, given this huge number from the ftc.ust going to say hey, here it is take it or leave it. and family dollar's stock price is adjusting to reflect that. i have yet to hear from them. we'll see what if anything they have to say. >> that's extraordinary. 5,000 stores? maybe if they close every store, they can buy it. that's ridiculous. >> huge number. >> that's great reporting. >> let's get to the bond pits. rick santelli joins us from the cme group in chicago. >> good morning. the treasury complex is virtually unchanged. but it seems, though the momentum is for lower yields. a couple of things jump out at you. that big-time volatility we had around 8:30 eastern, when they had the employment data come out on friday. it seems as though that 197 was somewhat the top of the reins. that seems to have worked. today, traders paying close attention to it. remember, we had the minutes last week. let's go back to the last meeting. the second day of two-day meeting. let's look at how some of the treasuries have moved. if you look at

the ftc regulates in the areas that other agencies don't. if broadband is considered a common carrier service and it's under stricter fcc control, that will remove some of the ftc's authority to police consumer protection. recently the consumer financial protection bureau sued sprint on the issue of putting bogus charges on people's phone bills. that was an issue that -- that is an area that the [indiscernible] has not gotten involved in before. it is a new agency. now it's a question of how vigilant is a cfpb going to be in this area. their theory was that sprint was acting as a payment processor by putting these charges on people's phone bills. does the first time they acted against a phone company. >> -- that was the first time they acted against a phone company. >> what is something we have not talked about that we need to talk about? >> one thing we haven't talked about yet is patents. we will probably see much more renewed efforts. there's a lot of talk about how reform advocates are going to do more with the covered business method, s

he will have a conversation with the chairman of the ftc. this is the first time we've had an ftc chairman. i'm really excited. welcome. [applause] >> good morning, chairwoman. i am thrilled to be here. >> delighted to be here. i want to thank everyone for being here and for the invitation. >> for braving the snow in d.c. when you are the nation's leading consumer privacy officer. you have to do a lot of the picture thinking around privacy. i went to focus on the internet of things. i think you have announcement. >> i'm pleased to share with all of you that the ftc is issuing its internet of things report this morning. i'm pleased to have a chance to discuss the report. i hope you have a chance to take a look at it. >> wonderful. there seems to be a tension at the core of the internet of things and wearable technology. a tension between convenience and privacy. at the consumer electronics show, you had doggie fitness trackers, connected toothbrushes. my favorite was the smart sock. a smart sock that tracked your run, whether you are going to

they want to beat the ftc to the punch.hey think the regulatory rules are a mistake and will harm the internet economy. fred upton on the house side and john kuhn on the senate side -- john thune on the senate side. we heard from a top amazon executive here in washington weighing in. the bottom line for amazon, it does not matter if it's the fcc or congress, then neutrality needs to remain. >> it's one thing customers should not need to care about. they should not need to care much about where in the statute their rights are protected. were net neutrality is extended. it can be done in the congress. i would suggest that consumers don't care. they want their net neutrality. >> what the republicans are proposing in this draft bill achieves some of the same things tom wheeler has been talking about and the president has been talking about. it would prevent any sort of paid prioritization. no fast lanes . the big difference between what republicans and the ftc are talking about, new ability to classify broadband as anything oth

groups and public when 9 commissioners such the planning commission and the board of supervisors or this ftc commission they help us in city hall this is a beautiful building it really is the inner workers of the building you feel you're in the heart of government and it's exciting to be part of thatyou. >> what do you think about working at an airport and i love it is busy all the time. >> we want it to be an those away was this is a venture if i didn't love it i'll be an accountant. >> we want the experience that is a non-airport experience the negative stigma we're trying to erase that. >> everything is in a bad food to excite them about the food and they have time to learn about us. >> people are imitated by traveling and the last thing to do is come to a place fill of chaos. >> telling me how the extent of napa a farms came about. >> it was a vision of the airport director he had a suspicion of a really cool gourmet speciality market locally friendly products this market local flavors this is the best. >> can we get a little tour. >> absolutely (laughter) ♪ ♪ >> so first on our tour. >>

the ftc has launched two investigations into this and dropped them both. last year yelp was taken to court over the same issue. not only were small businesses unable to prove their case. the judge said if yelp did pressure businesses, which yelp says it doesn't it, would still be legal. in a separate issue yelp did settle a suit with the ftc over collecting information from children. yelp allowed kids under 13 to sign up and supply their e-mail addresses without parental consent. the law is very strict about that. you can't do that. weirdly enough yelp would ask your age and then not stop you if you said you were under 13. >>> speaking of numbers and small ones at that lets turn to landon dowdy live at cnbc headquarters. what's going on with the stock market? good morning. >> i don't know. it's been a rough start to the year, but the markets will try to shake off the new year blues after stocks fell for a third straight day to start off 2015. futures are higher ahead of the opening bell, but investors continue to worry about europe's economy and oil prices

ftc ftc that today they will be arrested >> i know that i'm being surveilled >> people are not getting the care that they need >> this is a crime against humanity >> hands up! >> don't shoot! >> hands up! >> don't shoot! >> what do we want? justice! >> when do we want it? >> now! >> they are running towards base... >>...explosions going off we're not quite sure... >> fault lines al jazeera america's emmy winning, investigative, documentary, series... >> the number of deaths this flu season continues to climb. the centers for disease control now confirms 19 children have died of influenza in the past few weeks bringing that total to 45. this year's vaccine is only half as effective as usual. reported flu cases are widespread spanning over 46 states. planet earth keeps getting hotter and hotter. 2014 is the warmest all recorded and the past ten hottest years have come in the last decade. jonathan betz has the report. >> reporter: doorgd aaccording the a report from nasa and noaa, in the u.s., parts of the midwest and the west coast were unusually cool, but arizona and nevada and californ

his was one of more than 15,000 complains the ftc says it received last year.ocalls pitching free medical alert devices. >> they claim that a friend or family member has already pud thi a divide for the senior citizen in question. that is almost always not true. >> reporter: the head of the national do not call registry program at the ftc says it shut down a florida based company that made horn $20 million off consumers from calls like the one he got. in addition the caller tells the consumer the twice is endorsed by hospitals when it's not. >> also says here that the shipping has already been paid for. so to schedule delivery of your emergency medical alert system, press one. >> reporter: and when the consumer pressed the button, it verified the company reached a, wog number. >> and then says we need to get your credit card information. >> reporter: the credit card information was used to pay for a monitoring system associated with the device. >> and that service usually costs a fee and that is not disclosed in the initial robo call. >> reporter: so how can yo

ftc 11:00. a verdict by one o'clock it's gonna be another day. >> well it's either gonna be before noon, or they get to come back at one thirty. >> the waiting is what will knock you for a loop. if she goes to jail again i think she'll come out in a body bag. >> are they out? we are sitting right there in my office on pins and needles. >> the fact that t

ftc. >> reporter: the attacks against the magazine, "charlie hebdo" set off a cyber asawl in pairs, in france. hammers changed the home pages of thousands much universities local shops among others. he said he would present measures to fight the hackers this week. >> terms of hackers claimed to be seized their opportunity to do harm. >> late last year the french government organizations to the french government considers to be terrorist and it also bans sites from condoning the type of attacks france has just gone through. but it's hard to know when determined attackers operating from oversees. >> the hacked be websites say an attempt no you are not. the attacked were not 76thed.. >> they paint some messages on the window and they leave. after you have to enter the shop and to clean the mess. >> it's a mess that individual website owners will have to clean up. often by simply updatings their website software. but wiping the feeling of unease away will not be easy. nick spicer, al jazeera paris. >> remember you can get everything we're covering on our website, the address is aljazeera.c

the ftc is clearing its way for a merger with privately held albertson's after the companies agreed to sell 168 stores in eight different states to win that approval, so those shares again, at least they get apparently ftc approval for their merger. back to you. >> dom, thank you very much. >> shares of the dow constituent pfizer steady in this sell-off. as you see right there, there it is wafkly flat. the drug giant beating earnings estimates. issuing a down beat set of guidance for the new year. partly because of the strong dollar. it's a recurring theme here. pfizer ceo cnbc reporter meg about the outlook. what did he tell you? >> we talked a lot about business development. that's one of the main things with pfizer. he is looking for assets. they're not in the marketplace. we're not looking to buy phase one and phase two. you want things to provide a more immediate return on capital. >> we also talked about taxes. they of course look to buyas are a zen ka to move overseas. they always talk about the unfair fax rate. they are advocating for tax reform saying the u.s. pays ten points

the ftc launched at least two investigations and now has dropped both. last year yelp was taken to court over this same issue, not only were small businesses able to prove their case the judge said if yelp did pressure businesses, which yelp says it doesn't, it'd still be legal. in a separate issue, yelp did settle a suit over collecting information from children. the company allowed kids 13 and under to sign up and supply their e-mail addresses without parental consent. the law is real specific about that. weirdly enough yelp did ask the kids' age, but didn't stop them even if they were under 13. >>> well this man is trending on twitter this morning. you're saying, who's he? he's a man in maryland who got upset at his local newspaper for writing about him. he threatened to sue because he says he didn't authorize the newspaper to use his name but he is a county supervisor, to which the newspaper says you're a political leader we're writing about county government. this is how this works. he says he didn't care and said the newspaper couldn't use his name

the ftc does not have the authority.rifying the role in data security is a goal in our work with congress in months to come. host: mary, good morning. caller: our account was breached in february of last year. at least about $15,000 or $16,000 is missing, gone. the bank says it was a wire with my husband social security number. they have been trying to trace is to see where the wire went. my question is, when will they give us our money back? don't they have tthe obligation. my question is, how long will this take and what resources do we have as citizens? guest: unfortunately mary story is not unusual. we take consumer complaints, thousands of them every year. many of them are this story. i'm not familiar with the specifics of mary's case, but what we see in many complaints is the hacker will get access to somebody's bank account, with other information that they may of gone through identity theft. they can use the information to empty it of everything __ all the money that is in it. it is too often the case that when c

what if anything is wrong with that picture and what is the ftc doing to fix it? >> this is another issue in this area and that is just the lack of transparency. one thing we emphasize in our report is the continued importance of notice and choice. i think it's really fundamental that if you want these new technologies to flourish you need to make sure that consumers understand what is happening, understand what information is being collected, understand with whom that information is being shared, how it's being used. and so it's really in my mind fundamental that consumers continue to be in the driver seat. that they have a say over their own information and how it's being used. now, granted you mentioned the wearable -- the sock. >> right. >> and all of these other devices. a lot of these devices don't have any consumer interface or they have one that is very small. so what i think that companies need to do is i think they need to be innovative not only in the types of products and services they are providing. but they also need to be innovative in the way they

i want to start here at the ftc.very day, you make sure that americans, their hard-earned money, and their privacy are protected, especially when they go online. these days, that is pretty much for everything, from managing our bank accounts, paying our bills, handling everything from medical records to movie tickets , controlling our homes, smart houses smartphones. secret service does not let me do that. i know other people do. with these benefits come risks. major companies get hacked. america's personal information including financial information, gets stolen. the problem is growing, and it costs us billions of dollars. in one survey, nine out of 10 americans feel they say they have lost control of their personal information. in recent breaches, more than 100 million americans have had their personal data compromised like credit card information. when these cyber criminals start racking up charges on your card, it can destroy your credit rating. it can turn your life upside down. it may take you months to get you

that always not true. >> reporter: the head of the national do not call registry program at the ftc, ftc recently shut down a florida-based company that made more than $20 million off consumers for cal jenson god. in addition the caller tells the consumer is endorsed by hospitals or a company when it's not. >> also says here the shipping has already been paid for. so to schedule the delivery of your emergency medical alert system press one. >> reporter: when the consider pressed the button it verified the company reached a working number. >> and then we need to get your credit card information. >> reporter: it was used to pay for a monitoring system to pay for the device. >> the monitoring system costs a fee. >> reporter: how can you protect yourself? for starters do what jenson did, just hang up. never interact. if you haven't, register your phone number on the national do not call registry at donotcall.gov. finally, fall a complaint. >> if they put one bad guy away i hope they put away more. >> reporter: air ga gonzalez news 4. >>> time is 7:27. coming up in the next half hour of n

they're going to the ftc and talking about data, privacy, and that sort of thing.howing them the devices. being more proactive. >> thank you very much. it you can get the latest headlines on your phone, tablet, or bloomberg.com. see you tomorrow. ♪

they're going to the ftc and talking about data, privacy, and that sort of thing.ith lawmakers on the hill. kind of showing them the devices. being out there more. being more proactive. >> thank you very much. you can get the latest headlines on your phone, tablet, or bloomberg.com. see you tomorrow. ♪ >> the following is a paid advertisement from starvista entertainment and time life. >> ♪ listen to the music ♪ >> ♪ even the nights are better ♪ ♪ now that we are here together ♪

. >> host: now i find out again horrifying that the ftc is closing down shop, taking that paper not doing anything with respect to the debtors involved on the other side of that paper because they don't know what's going on with their debt. and they can conceivably whether it's that paper or other paper be getting calls from collection agencies that bought it or stole it that they have never heard of and they never had a transaction with. you mentioned for example chase washington mutual to banks at the top of the food chain who have papers different from rincon but at some point shakes off selling its debt because of regulations that have come into effect after the financial crisis and with the dodd-frank act. how did that impact first of all what if they do it they do with? were their motives or lawsuits that they did want to deal with and how did that impact the chain of other characters involved in debt collection? >> guest: the title of the book is "bad paper" and that paper is paper that is a problem. there's a lot of bad paper up there because basically big creditors like washingto

i am wondering, what does that do to the jurisdiction of the ftc?mit the enforcement under title ii? does it limit your ability to enforce protections on the internet? >> first of all, i agree with the president and the chairman who says that we need an open internet. it is an issue that the fcc is looking at closely right now. we will hear from them again soon. we do not have authority over common carriers. reclassify broadband services could affect our jurisdiction, nonetheless we do not have a broad jurisdiction. >> let do you worry about that? could you bring cases against at&t if those providers are reclassified? >> it will affect the jurisdiction if there is reclassification but at the end of the day it is a complicated issue that deals with economic, technical, legal questions. i am looking forward to see how they ultimately side. >> so, has this been problematic because it limits the authority? >> i would like to see the common carrier exception eliminated. something they have advocated for many years as an outdated exception. we will pay at

the ftc now cracking down on wireless companies using those defective packages for data plans.auren simonetti is here with the full story. >> hey. when you promise unlimited that should mean unlimited so says the federal trade commission cracking down on mobile providers who slow down the speed when you hit a certain limit. they agreed to pay $40 million that settle charges that deceives customers by throttling the data feed. if you have straight talk or net ten, simple mobile or tell america you can file a claim to get some money dak. -- back. air force one picked a new air force one. they have chosen 7478 to replace the two aging planes. the new planes must be able to do the mobile command center the 748 however in itself isa rarity. they have lowered it to 1.3 planes a month. this sunday we will eat 11 million slices of pizza 11 million pounds of paychecks 7 million for avocados and 1 billion chicken wings watching the super bowl on land the calorie control council says that is just during the game. how will you feel the next day? ant acid sales are expected to increase 20 p

they are going to the ftc, for example, talking about data and private and meeting with lawmakers on showing them the devices and just being out there more and being more proactive. >> with these issues of technology, they are exploding in everything, including politics. >> yes. >> thank you very much. you can get the biggest headlines all the time on bloomberg.com. tune in for more "bloomberg west " tomorrow. ♪ >> welcome. we have full coverage of the stocks and stories making headlines today. another drop in crude oil

ftc. >> fury and violence over the shooting death of an unarmed teen, michael brown, by a cop, that theury chose not to in president obama said it's time bring an end to these kind o pub c transpedtas.nd even political representation. a trend that continues to grow worse. >> the population in suburbs hasbeen growing faster for some time. >> the myth of america's white picket fence suburbs has yet to catch up with the reality of just how much the reality of geography has shifted. suburbs in the nation's largest metro areas have seen their population grow more than 65% since 2000. more than twice pace of growth in cities. that makes the suburbs home to the largest and fastest growing poor population in the country. >> long associated with urban poverty see their poor populations in the suburbs grow significantly in recent years. >> and the majority of the suburb poorn are people of color. those who live below the poverty line, more than 50% are african american and latino. case in point, 25% of blacks live below the important line, compared to 11% of whites. >> more people in the suburbs

i'm wondering, what does that do to the ftc's jurisdiction? limit your ability to have consumer protection on the internet? >> let me first say that i agree with the president and i also agree with the chairman that we need an open internet. how we go about achieving that is something the fcc is looking at very closely right now and we will be hearing things. we do have an exception when it comes to our jurisdiction, we do not have authority over common carriers. in things that affect our jurisdiction, i think will be up to look at those things. >> can you bring cases against at&t for throttling if internet access providers are reclassified as a common carrier? >> it will affect our jurisdiction, but at the end of the day the issue of an open internet is really complicated. it deals with economic technical, legal kinds of questions. i'm looking forward to seeing how the fcc does that. >> let me just press, so his title problematic because it limits the fcc's authority? >> i would like to see the common carrier exception eliminated. i think it

this is at the same time president obama was announcing new cyber security proposals at the ftc. >> under the new standard that we are proposing, companies would have to notify consumers of a breach within 30 days. in addition, we are proposing to close loopholes in the law so we can go after criminals even overseas. other proposals include a consumer's privacy bill of rights. joining us to wrap up all theses developments in the world of cyber security is bloomberg whitehouse correspondent phil mattingly. and our cyber security expert chris hadnagy. the hack today was just as the news crossed. what do we know now? >> us central command lost control of their twitter account for about 30 minutes. over the course of the last couple of hours the white house has been trying to play down what this actually was. the defense department spokesperson calling it a prank, saying it was more of an annoyance than anything else. the white house saying this is not a major data breach. what it absolutely is, is a bit of a pr loss for the u.s. one other issue here, that the personal information of senior o

eric is a disagreement regarding the application that the ftc order would allow it. some think our bill would preclude a but our question is with those service fees with the sec order with the internet now be subject to the levy? to make guests. the way it works in short that congress requires an assessment of universal service for many telecommunications provider. if the sec reclassifies broad bid will be in the classification and subject to the assessment. an argument of the commission could forebear but an absence it would absolutely result in increased charges on federal universal service. >> if the sec goes down that it yearly total the eliminates the authority on regulated common carriers. >> that's correct under the clayton act is prohibited from exercising its authority against telecommunications services providers. they are a champion with broad reshaping authority to the franchise by this decision. >> you are not the only one with that exemption of draft legislation. both the ftc and the president has set an exemption in to be necessary to track the proposa

make each piece of the spectrum do everything doesn't make a lot of sense either. >> you have fan, the ftc commissioner has subpoena lot lately about spectrum. you were at an event with you and she was give you credit forked an, she calls it the race to the top where you basically incentivize someone to come up with a way to use spectrum, perhaps 50 or 100 or more times better and then if they do that they get a license for some spectrum. is this something you have proposed and give us a sense what you hope this would accomplish. >> guest: well, the issue is to motivate people to use this new spectrum and what commissioner rosenworth and i suggested is literally a contest. it's a process that would take perhaps ten years because they have to have various steps, but we're suggesting the objective is to demonstrate that you can separate the spectrum at least 100 times more effectively than it being done today. i now think that we were much too soft. there ought to be more than 100 times. just think of what happens. if you go through this process where first of all you ask people to demonstra

the ftc does not have the authority. clarifying the role in data security is a goal in our work with congress in months to come. host: mary, good morning. caller: our account was breached in february of last year. at least about $15,000 or $16,000 is missing, gone. the bank says it was a wire with my husband social security number. they have been trying to trace is to see where the wire went. my question is, when will they give us our money back? don't they have tthe obligation. my question is, how long will this take and what resources do we have as citizens? guest: unfortunately's mary story is not unusual. we take consumer complaints, thousands of them every year. many of them are this story. i'm not familiar with the specifics of mary's case, but what we see in many complaints is the hacker will get access to somebody's bank account, with other information that they may of gone through identity theft. they can use the information to empty it of everything -- all the money that is in it. it is too often the case that

i think it is a great time for a new party __ the ftc __ follow the constitution.he american people are not stupid. what this administration, and everybody associated with it, on both sides of the aisle __ ronald reagan was right. both sides __ ffirst of all the democrats have no issues, and republicans cannot articulate their issues. i think i would beat hillary clinton. i think this is a great time for a third_party. 82 million people did not vote. that is because they cannot tell the difference. host: hey, steve, based on this party that you want to create __ who do you look to in american politics that could be that? caller: unfortunately, it is ben carson. i feel that way because of listening to him. i think the romney had it right on. but, he missed it because he did not articulate and get past some of these blocks that were thrown. he did not get past some of these lies. there are people out there. host: thank you for your call. guest: i respectfully disagree. i say he raises a good point. certainly, what the constitution envisions is a government that is mu

davis presented the idea of the the state specific labels to the federal trade commission and the ftc thought it was a pretty good idea, but a little too expensive to carry out. >>> in tonight's health alert, a new study shows surgery can improve survival rates of obese patients. after ten years, those who underwent weight loss surgery had a significantly lower death rate than those who did not. and new research may involve one of the concerns about the safety of the hpb vaccine. the vaccination is not associated with an increased risk of multiple sclerosis or other disorders of the central nervous system. it is recommended for preteenagers to protect against cervical cancers. >>> temperatures are expected to drop more tonight. >> with some windchill temperatures beroseau row. health officials want to remind you about the dangers you can face with too much exposure to the cold. hypothermia can cause serious damage. if you are not careful. frostbite can attack any part of your body left exposed. >> hypothermia occurs when your core body temperature goes down. when you shiver uncontrol

. >> host: when you talk to the ftc or the consumer protection board have you gotten a sense that this is an issue that they are trying to do something about about, helping other people but also just generally. the fact that there are such heinous interest rates and payday loans and credit cards for continued to get -- the people have the least ability to pay. i think you mentioned one instance where one of the people in the book said if i hadn't been hit with the extra charge i would have been able to pay this. we could have negotiated. if it had not been for the shadowy financial stuff. you see any understanding and getting to the root of this at the washington level? >> guest: i think the consumer protection bureau which was the brainchild of mt. senator elizabeth warren was a good move and they are starting to make a difference. we will have new rules coming out next year that will affect debt collection. they have been aggressive. if i were in charge there would be more funding. a lot of this will come down to how much resource do they have to go after the bad actors. the consumer

i think it is a great time for a new party __ the ftc __ follow the constitution. the american people are not stupid. what this administration, and everybody associated with it, on both sides of the aisle __ ronald reagan was right. both sides __ ffirst of all the democrats have no issues, and republicans cannot articulate their issues. i think i would beat hillary clinton. i think this is a great time for a third_party. 82 million people did not vote. that is because they cannot tell the difference. host: hey, steve, based on this party that you want to create __ who do you look to in american politics that could be that? caller: unfortunately, it is ben carson. i feel that way because of listening to him. i think the romney had it right on. but, he missed it because he did not articulate and get past some of these blocks that were thrown. he did not get past some of these lies. there are people out there. host: thank you for your call. guest: i respectfully disagree. i say he raises a good point. certainly, what the constitution envisions is a government that is

ftc. >> fury and violence over the shooting death of an unarmed teen, michael brown by a cop that theury chose not to indict. president obama said it's time bring an end to these kind of tragedies. >> holding the american people accountable. not only were we going to put more funding into the training that prevents this from happening but i'm going to stay on this. >> as he addresses congress the protests point to a deeper point, the rapidly increasing poverty, scarce jobs, isolation like public transportation and even political representation. a trend that continues to grow worse. >> the population in suburbs has been growing faster for some time. >> the myth of america's white picket fence suburbs has yet to catch up with the reality of just how much the reality of geography has shifted. suburbs in the nation's largest metro areas have seen their population grow more than 65% since 2000. more than twice pace of growth in cities. that makes the suburbs home to the largest and fastest growing poor population in the country. >> long associated with urban poverty see their poor populati

but most laws are not be made in a longer by congress or by the nlrb, sec, iaea ftc the officer production production management peabody revealing tidily says that an exclamation point. the other late in executive agencies in scare quotes. how well lawyers know this to be the case. to keep up with contemporary lot is the ruling of agencies that have cheaply to study how plainly it reflects in the enormous growth of the executive branch of government which is no longer simply executive but legislative and judicial as well in comparison with the other two branches. indeed, most important laws passed by congress have been lost to give up more sovereign powers to one or another agency largely outside of its control. end quote wolof. herbert description of the affordable care out for the dodd-frank law. let's not have any banks fail anymore. over to you agencies to figure out how. what is again distinctive about her and appreciation which is now widely perceived and talked about is he didn't reduce this as their friends at the federal society like to do to the decay of the non-delegation doctri