now a panel discussion with several federal trade commission officials concerning ftc former and -- ftc enforcement actions and online data security. this is about an hour. >> we are going right into the next panel, which is overseeing internet practices in the digital age. incisive looks to be from a policies percent -- policy perspective. we promise a discussion that is tvm family-friendly as always. you have biographies that are printed, the brochure is also available at our website. in the interest of time i will keep the bio of the introduction short. seated here with me at the i have the acting director of the bureau competition at the federal trade commission, the bureau competition addresses matters such as mergers and premerger clearance, as well competitive practices. thad is a recognized expert in the field of antitrust and competition law and policy. with an extensive background in and historicice service of the antitrust division. i also have tom paul, who is acting director of the consumer of -- it evolves matters such that involves matters such as -- it involves matters s

ftc had the tools. so on these and on many issues we see in cyberspace law, legal issues are increasingly cutting across multiple business models affecting a number of players online. i think it's better generally to have a regulator who can few these from the perspective of the ecosystem. that was one of the issues we saw. with regard to net neutrality, i think although there's a lot of rhetoric in that about speech and quality first amendment issues, at base what net neutrality is, antitrust, and consumer protection issue. the argument goes that consumers have few choices among wire line providers and the companies in that space might use their position to in ways that might harm competition. that sounds to me like a classic antitrust problem. the fcc has ro butt deals. they know how tosette whether you are in the internet ecosystem is one that could race questions. they have a legal standard that can evaluate these vertical agreements, and standard that has been developed over time that recognizes so

the ftc is waiting. we recently brought a case for anticompetitive exclusionary conduct, a case called mcwane, the department of justice has brought cases for exclusionary conduct thinking of the dense supply case, and, of course, the dense supply case was followed on my extensive private litigation. so that's why there a lot of antitrust lawyers. that's why most significant companies are very careful to have actively administered programs of compliance policy for antitrust law and why i think the public need have no fear that anticompetitive practices occurring in the free market of internet services are going to be detected and punished. so that is in a sense that's kind of the wheel, in my wheelhouse. what does antitrust enforcement have to do with the provision of internet services and the things that are under consideration now at the fcc. now i'm going to get slightly editorial. of course in everything i said i'm not speaking for the commission. i'm speaking for myself. but this is, you need to kee

but the humphries executor case focused on the functions of the ftc. not the agency's structure there is a reason to believe that has less accountability that is headed by a single director. >> select to be a clue that referred to that as quasi of legislative. what were they thinking? essentially as a combination to recreate in one group of legislature among other things because legislatures have multiple members and the idea of the deliberation i think that said a law when it uses the term quasi and then they focus so heavily on a single member executive because there recruiting this deliberative body. and also trying to you get bipartisan one person cannot simultaneously. >> is not a bipartisan if it is the federal trade commission they say no more than three members of one political party but those three republicans already on the commission that next appointment was described as a reagan democrat. that is not a matter of the federal reserve system that is a qualification of the board of governors comes three different district. >> when i asked mr.

. >> there is a distinction with the ftc and humphrey's executor they are both executives. >> examining the ftc in 1935 with limited powers subsequent it was the inferior officer it with the free enterprise fund says we will win intrusions' with the exclusive power of the president to be accountable faithfully to execute the laws. >> but i'm asking how was this different to diminish the power of the president? spinning disk goes further than anything congress has ever attempted to do in history. >> how is the president's power with the same removal removal?. >> and to recognize it was going further than it ever thought before. >> in limiting the president's power and first of all, the removal power is limited first is a single person. and some of which would be appointed. >> if you only have to get rid of one person. >> but with that debate 1787 focuses when you concentrate power on one individual you have a concentration of power, humphrey's executor recognized and this gore recognized in the panel decision if you disbursed the power among five individuals the director of this bureau i

last year the ftc received 3.5 million complaints about the calls, that's up 60% from 2015 the federal communications communication also regulates telemarketers and telling us, unwanted call, including illegal robo calls and telemarketing calls are the chief complaint. >> made it easier to spoof calls, it looks like they are coming from your bank or someone nearby. >> now cominging in from my own area code. >> they are testing letting providers block some calls that are likely spam and according to the trade group -- >> we can return trust worthiness to the caller i.d. information and industry is working on standards on that front. >> ctia says its united in its efforts to defeat robocalls, these efforts stop a million every year. >> everybody has to get out of the habit of picking up the phone and answering if it's not a number you don't know. >> when you get robocalls, write down the numbers and share them with the ftc, complaints do not call .gov, they pass them to u mail so they will can block the calls for you. >> are you taking a risk every time you answer an unknown call you'll

so the ftc, sec all within the inauguration and that fcc. >> that is absolute right. it is important here in answer to your question to put this agency in context, the power to appoint every single person from the agency without the senate involvement that the director -- senate involvement is invested in the director. the director has restricted by statute from even communicating. >> i don't think it is answering my question. how does that further diminish the president's removal power? >> all of the statutes one of them takes the power of the president what the director says to interpreting statutes and with respect to looking at regulations and with that exclusive power to decide what to prosecute. >> i thought it had to do with the number of directors that there is a constitutional flaw because we only have one director. >> but with respect to that is not it at all the context that was stated by congress with respect to this agency. it gave this director, one individual, but that is not the only thing. this individual is given by a series of statutes were given by

the ftc says consumers lose $350 million every year falling for roboripoffs. >> the ftc investigates unwanted calls and we do try and track down where these calls are coming from and bring law enforcement action to stop them. >> reporter: but according to the ftc, most robocalls come from overseas, where scammers try to stay outside the reach of regulatory authorities and blast out calls for next to nothing. last year, the ftc received nearly 3.5 million complaints about the calls. that's up 60% from 2015. the federal communications commission or fcc also regulates telemarketers and sets rules for providers, telling us, quote, unwanted calls including illegal robocalls and telemarketing calls are the top consumer plaints the ftc receives each year. the technology has made it easier to spoof calls where it looks like the calls are coming from your bank or someone nearby. >> now they're coming in from my own area code. >> reporter: how can we end it? the fcc is testing letting providers block calls that are likely scams. according to the trade group that represents most landline provid

it said it was just like the ftc. in terms of its power, what could be more powerful than an independent counsel who can indict the highest officials in his cabinet. >> that is correct. that was executive power and the jurisdiction -- >> is much more powerful than the bureau. in terms of its ability the independent counsel's ability to impair the power of the president, which is the critical question here. that's what with gas. the independent counsel is much more threatening to the president of the united states then this bureau. >> what we submit, we object to restricting the president's power faithfully to execute the laws and this is a problem in the independent counsel statute and it's a problem with the ftc what the supreme court said in free enterprise fund is that whatever the flaws with respect to those or whatever the limitations with respect to those decisions they are not for us because the parties have not asked us to look at them ass. >> we are in appeals court. we are bound by supreme court precedent. i

. >> reporter: we sat down with the federal trade commission, the agency behin the ftc says consumers lose $350 million every yearle falling for robo rip-offs. >> the ftc investigates unwanted calls, and we do try and track down where these calls are coming from and bring law enforcement actions to >> reporter: but according to the ftc, most robocalls are coming from overseas where scammers try to stay outside the reach of regulatory authorities, and blast out calls for next to nothing. last year, the ftc received nearly 3.5 million complaints about the calls. that's up 60% from 2015. the federal communications commission, or fcc, also regulates telemarketers and sets rules for providers, telling us, unwanted calls, including illegal robocalls and tell marketing calls are the top consumer complaint the fcc receives each >> i have never seen anything like thir: made it easier to sp calls, making it look like the calls are coming from from your bank or from yeesh. >> now they're coming from my own area code. >> reporter: they're let progress vieders block some calls that are likely scam

now a panel discussion with several federal trade commission officials concerning ftc former and -- ftc enforcement actions and online data security. this is about an hour. >> we are going righto

and the ftc, for many years, has done a wonderful job.y've had hundreds of enforcement action against web providers, against isps when there was cause for concern on a case by case basis. so that regime has worked. i do not at all think the fcc's going to shiring its duty when it comes to isps, working with private networks, being forthright about the fact that there is an ecosystem of sorts between government that has a very specific purpose in insuring that there are proper regulations to protect the public interest but also recognizing -- and i think this is fundamentally different from the last eight years -- recognizing that all of the good things that we want to give to consumers and we want to insure that they have will be provided by private networks. and we have to recognize that private networks are an important part of this circle to give the consumers the services that they want. so i think that there will be a much greater or recognition of the important role that private networks, and in particular, smaller private networks

the settlement with the ftc bars the company from making those kinds of claims. the ftc is sending out refunds to consumers totaling $1.9 million. this is the second refund. last june the ftc sent out 9 million in refunds. >> yeah, right. >> i have to say i get excited when i see an amazon box sitting on my doorstep. [ laughter ] >> thanks, michael. >> major environmental clean up is about to get underway along the contra costa county coast line. abc7 news was there as the mayor was joined by epa officials and stakeholders to announce this effort. the pittsburgh shoreline is on the list of former industrial and manufacturing sites nationwide. now being targeted for clean-up and reuse. >> what we're hoping is that we can attract more businesses down here, more people. we have a seafood festival that brings about 150,000 people over a weekend in september. so, we have a lot of different activities coming up and we just want to showcase what we have. >> over $56 million in federal grants awarded across the u.s. today with pittsburgh getting $350,000 for waterfront r

to the ftc to be more of the regulator?> when we talk about privacy, that's who regulates privacy and the ftc has done a wonderful job. hundreds of enforcement actions against web providers, against isps, et cetera, when there was cause for concern. so that regime of regulation has worked. i do not think that the fcc is going to shirk duties when it comes to ensuring there are proper regulations to protect the pock interest and recognize doing theirs is different from the last eight year -- recognizing that all of the good things we want to give to consumes and want to ensure that they have, will be provided by private networks, and we have to recognize that private networks are an important part of the circle to give the consumes the services they want. so i think there will be a much greater recognition of the important role that private networks, and in particular smaller private networks, have to be able to solve the greatest problems our country faces. >> matt polka, president and ceo of the cable association and tom l

the sec, theing as ftc, and many others. it would make it easier for us to attract the best and brightest if we can say we take economics seriously and we have a central office were you can work on some of the most cutting-edge issues in the industry. i'm hopeful that will be something that there's fruit. we have a working group that is talking to people within the agency about the best way to do this. as much wisdom from any quarter we can. that would be optimal. i think moving forward we are excited. with respect to transactional review, i have been consistent on this. when i was asked about how i would handle transactional review, i am a recovering antitrust lawyer. you evaluate the facts and determine what is in the public interest. that's obviously an issue for congress to decide. that's an area that has been under much discussion. anything congress decides to doing that topic >> i want to say that i am familiar with that reference to the federalist papers. hamilton's paper about energy in the executive. i want to say a

we compete with the fcc, the ftc and many others. and from what i've heard, anyway, it would make it easier for us to attract the best and brightest. we have the central economics and data where you can work on some of the most cutting edge issues in the industry. so i'm hoping going forward that's something that bears fruit. we have an economist group setup. that would have to be -- that's what passes for a joke. with respect to trance actional review, i've been really consistent with this. i think it was 2011 before the senate committee, i still view each trance action on theimators and you evaluate the facts as best you can and make the decision. that's obviously an issue for congress to decide, and that's in an area that's been under much discussion including when i was in the doj division in the late '90s. so we'll see what congress decides to do on that topic. >> i'm familiar with hamilton's paper about energy and the executive -- >> if only he'd known about coffee, oh, my god. we're more energetic. >> so i appreciate, mr. chai

we kiet not in a vacuum but as scc, which has a set of economists, the ftc and many others. from what i've heard it would make it easier for us to attract the best and it prooest we can say the fcc takes economics seriously and the proof is we have a central office of economics and data where you can work on some of the most death cutting edge issues in i have. we have an economics orking group that has been stood up and they are talking with people in the agency and outside agency about the best way to do this. we want to make as much wisdom from whatever can. that would be prado optimal, the economists would say. that's what passes for a joke, c-spa c-span2. moving forward we are really excited about oed. with respect to tractional review, in november 2011 i said when i was asked about how i would handle tractional review i am a recovering anti-trust lawyer. i still review each transaction on the merits, you vault a-- evaluate and make the proper decision. we'll see if if anything congress decides to do on that topic. >> okay. well, i want to say that i'm familiar with tha

by the wheeler commission and he ultimately thinks that all privacy regulation should reside at the ftc, which is consistent with your position. here is what i want to ask you. i know that one objection to those rules was the fact that the internet service providers were treated in a harsher fashion and over at the ftc. that was a focus over a lot of the concern. chairwoman black burners introduce piece of legislation to regulate in the privacy area called the browser act. one of the things to redo would be to opt-in for the collection and use of certain information they release over at the ftc has been considered them to look at at those trade-offs and included unlike other sensitive financial health information, should he said jack to opt-out rather than opt-in. what do you think because they think either you or commissioner rolle, i forget exactly who, but in addition to the level playing field argument, there's also concerns expressed about the opt-in requirement and the impact that would have on the business is for the internet service providers. you have any thoughts on that? >> m

but what about the national do not call registry maintained by the ftc. >> do you think that actually works? >> no. because they always call you back. >> i don't think it works at all. >> reporter: experts say it does but only for companies based in the u.s. if you're getting a call for that free cruise or low interested mortgage and it was routed from a call center overseas, the ftc can do little about it. >> i'm sure they can do something. >> the best advice is registering your cell phone on the national list and manually blocking calls that come true through. if they don't leave a message, don't call back. experts say that verifies your number and for robo-calls generated within the united states, the city responsible, los angeles. 82 million calls came from l.a. >> so annoying. >> very. >> thank you, greg. >>> you might not want to think about the holidays right now, but ups is. the delivery company announced today that it's instituted per-package surcharges for the holiday season. ups says it's to help cover the costs of hiring additional workers and renting extra planes and truc

but what about the national do not call registry maintained by the ftc. >> do you think that actually works? >> no. because they always call you back. >> i don't think it works at all. >> reporter: experts say it does but only for companies based in the u.s. if you're getting a call for that free cruise or low interested mortgage and it was routed from a call center overseas, the ftc can do little about it. >> i'm sure they can do something. >> the best advice is registering your cell phone on the national list and manually blocking calls that come true through. if they don't leave a message, don't call back. experts say that verifies your number and for robo-calls generated within the united states, the city responsible, los angeles. 82 million calls came from l.a. >> so annoying. >> very. >> thank you, greg. >>> you might not want to think about the holidays right now, but ups is. the delivery company announced today that it's instituted per-package surcharges for the holiday season. ups says it's to help cover the costs of hiring additional workers and renting extra planes and truc

ftc blocks it because it will create too much power causing rite aid's stock to go down. not necessarily walgreens. they either get the deal done, stock goes higher or announce a gigantic buy back and the stock goes higher. win-win walgreens, but, boy, is my patience tried with this one. matthew in south carolina. matthew? >> caller: hey, jim. how ya doing >> well. how about you? >> caller: doing all right so i was looking at teva pharmaceutical looks like a great company biggest manufacturer of manufactured drugs in the world. great drugs coming down the pipeline his tough times. acquisition, ceo and cfo leaving and replacing four members of board of directors fli s in add to a new ceo what do you think? share is low >> when they, remember, bought allergan, when they bought allergan's generic, they gave -- they gave allergan a huge slug of stock, which in a couple months will be for sale in order to be able to clean up teva's -- the balance sheets better. i say, no. don't buy. >> don't buy, don't buy. >> don't think it's the right place to be. all right, a lot of cross-c

fcc's order, privacy order, was ill-advised, and that privacy regulation should reside over at the ftc, which has the institutional expertise to handle privacy regulation. on a uniform basis. here's my question. i know without asking a lot of you, maybe most of you on this panel agree with that sentiment. but my question is this. marsha blackburn just a few days ago introduced a bill, i think it's called the browser act, it deals with privacy. one thing it does -- would have the effect of doing is relocating the authority to regulate privacy with the ftc for the internet players. let's assume you think that's a good thing. but another thing that the bill does is that it requires opt in rather than opt out for activities that are assumed to be sensitive, like web browsing, app usage, history, things that the ftc has not considered sensitive enough to require opt in. i think that perhaps several of you, i'm not sure, you can let us now, but previously i think you may have had objections to requiring opt in for that kind of information. that's what i want to focus on. not the equality of

assumed to be sensitive like web browsing, i think, and apps usage, hist y history, things that the ftc has not considered sensitive enough to require opt-in. and i think that perhaps several of you -- i'm not sure. you can let us know, but previously i think you may well have had objections to requiring opt-in for that type of information. so that's what i really want to focus on, not the quality of treatment but specifically on whether you agree with the opt-in requirement and chairman blackburn's proposed bill. >> let's break it down and talk about where that all came from, right? where i believe all of that came from and chairwoman blackburn's bill was, i thought, a disinformation campaign that happened after congress did the cra and president trump signed it into law eliminating the privacy order that the fcc had enact. and the disinformation campaign came out basically saying that congress had just passed a law in essence that was going to allow isps to go out and share or sell personal consumer information including web browsing to the highest bidder, which of course that's not w

. >> companies making robo calls are asking the ftc for permission to use a new technology that allowshem to stop ringing your phone. instead, as anna warner report, they want to go directly to your voice mail. >> this is susan with credit card relief. >> you qualify for 57% savings. >> marketing calls, usually make your cell phone ring. but, if the ftc rules in the company's favor, those credit card, financing and detective collection calls, could legally go straight to your voice mailbox, in unlimited numbers. marketers, like josh justice, who runs ring less voice mail firm says it is a good thing. why? >> you go to put your baby to bed, and your phone rings. and you're being solicited something. ring less voice males is non-intrusive alternative to this robo call. >> the company's are arguing to the ftc that since the phone never actually rings, that their ring less voice mail should not be regulated by the 1991 telephone telephone act. said regulating the practice might affect political outreach campaign. that's even more invasive, more time consuming, and more annoying, in some wa

after 2015 when the ftc deem ee telecommunications carriers to be. the only thing that applies is section 222 of the communications act. section c-1 of which applies the requirements to telecommunications carriers. the ftc's rules have never gone into effect. so in 2015 we had to figure out how to go forward. we established some guidance based on our enforcement bureau. which provided guidance to the industry. think going forward we want to make shoor we protect consumers and work with the federal trade commission to make sure that regardless of what agency is handling the issue, we need to make sure that consumers are protected consistently. >> do you think it's clear now who's responsible and who's got jurisdiction? or do you think there's additional action that needs to be taken in order to provide robust protection? >> currently the fcc does have jurisdiction over fed trade providers. so that's why i've committed to working with members of the federal trade commission to make sure we have a consistent framework that protects consumers whenever th

or whether web browsing history on particular topics, like personal finances, had, things that the ftc previously deemed to be sensitive information. i'm going to say that i agree with bob. this is a draft of the legislation. we will see how it plays out. i think the discussion of whether all web browsing history belongs in the sensitive information category, or whether just certain web browsing history belongs in that category will be something that there could be a discussion about during the consideration of her bill. >> the groups that were out doing back flips over the fcc taking that position with respect to the isps are either silent or opposing chairwoman blackburn's bill on the same topic, which she takes that rule and applies it to the entire industry, which i find it remarkable that companies or organizations that are supposedly privacy organizations supportive of what she's doing. i think you have to ask questions of those organizations, why? kim: when i went to brussels about the conference about privacy and access, the largest collectors of this data are not isps. i'm not

that the ftc would force vestitu rerks s.ased on the idea that walgreens would be too powerful a competitor and that went on and on and there were different proposals that were viewed and rejected one of them of course involving freds buying those potential stores but perhaps the view being that freds was not going to be enough of a competitor to necessarily be what the ftc wanted so the total purchase price is 5.2 billion for those but the focus of investors is going to be on rite aid's quarter itself for the quarter they had revenues of $7.8 billion compared to 8.2 billion last year same store sales down over the prior year that was a 5% decrease in pharmacy sales on a 1.5 decrease in front end sales so investors are looking at what's left? what do we get they're not going to be able to get all of their debt. they'll be highly levered but with that kind of a drop giving up what potentially are the better stores need for capex given the stores they currently have and what will still be about $2 billion in debt people are bac

the ftc has been our nation's regulator in the broadband space since we have had a virtual space regulator also the regulator in the private sector and physical space, so we felt like it was important to simplify to have one regulator and one set of rules. the fcc rules had not been enacted. they had been passed but not enacted, so it just made sense that you would preserve the status quo, keep everything in place, get those rules that have not been activated off the books, and then move forward with having one set of regulations with one regulator. and that is exactly what we have done. emily: if the follow-up bill does not pass, you have less privacy protections than you did in the first place? >> no, what you would have to is the way privacy has been. bear in mind the fcc rules had not been put in place. what we do know is consumers are saying we would really like to have the opportunity to opt in and decide if we want to have our information shared. if you were to go out and ask consumers, do you want more or less privacy in the virtual space, they are going to tell you they want more

>> well, this deal first got announced nokt of 2015 so the ftc has been torturing them for going on twoit was pretty clear for all the rumors and all the late requests for information that they were going to sue to block it so i think walgreens beat a tactical retreat and likely focused on the stores that wouldn't be in dispute >> okay, so clearly, the to companies thought they were better together, and now they're not going to be. so what does this mean for a walgreens boot stock or a riteaid stock that's getting hammered by 21%. keep in mind, it's only a $3 stock, so a decline of 84 cents is meaningful. >> on a scale of 1 to 10 for a walgreens, this is a 2, a 3, it's less than 5% of earnings accretion. my guess when you layer in the snr synergies, they're paying about 6.4 times eebitda. for riteaid, it's thermo nuclear war. if you look at their numbers, their ebitda is declining in their store base and if you look other than walgreens retail, i cover a lot of sectors, retail drug is the toughest sector i cover. the average company's ebitda is down like 20% this year. and look at rite

contingent on whether or not rite aid can divest some of their stores and capital forum saying the ftc is basically advising a blockage to this deal. back to you. >> thank you so much. we'll continue to follow that story m kobt to watch the markets hitting new highs yet again today. a lot more halftime is just ahead. >>> coming up, andrew left doubling down against nvidia's big run. the stock is up 230% in a year. he's with us live on that and the big name tech stock he says you need to buy. before the break, top performing bank stocks after the kbe, the s&p bank index jumps 5% in a week. our data partners show great western bank and citizen's financial perscriptiformed best sold five sessions late. for more, go to cnbc.com/pro. the gang are back in two minutes. e new guy? they call him the whisperer. the whisperer? why do they call him the whisperer? he talks to planes. he talks to planes. watch this. hey watson, what's avionics telling you? maintenance records and performance data suggest replacing capacitor c4. not bad. what's with the coffee maker? sorry. we are not on speaking ter

the ftc has jurisdiction over everyone else a center in the internet economy. that's what i'm committed to working closely with the chairwoman and that the members of the ftc to make sure we have a consistent framework that protects consumers whenever they go online. >> the other day we discussed that i consider that is not neutrality. when the fcc first proposed a rule net neutrality three years ago, record-breaking number of americans filed comments. it crashed the fcc system. it crashed my phone system in my office as well. then when it was announced as a counter i do make and that happened again. that just indicates there's a lot of americans who a strong views about trying to keep the internet open. how would you consider the public comments you receive and how will the commission way the voices of millions of americans who have got serious concerns that internet freedom? >> an important question and that's part of the reason why we're having the public conversation. the fcc could've chosen to proceed to what's known as declared terror ruling saying with a

and howard, again, just briefly, he's a former director of the ftc's bureau of economics. and he also served previously as chief economist of the fcc from 1999 to 2000 and a senior economist for the president's council of economic advisors during president clinton's administration. so again -- and howard as well as ted blah ma has a phd in economics and also a law degree. the topic of this session -- and you will see how howard and the next speaker i'm going to introduce have the experience and expertise to talk about it. it's lessons learned improving regulation and government administration. it's hard to find someone more qualified than howard to talk about that along with boyden gray who's going to be the commenter reactor to howard's comments after howard delivers some opening remarks. now, c. boyden gray is the founding partner of boyden gray and associateassociates. he's a former u.s. ambassador to the european union and a former white house counsel. also very pertinent to our program today, he was counsel back in the first bush administration, george h.w. bush to th

laws, the fcc, the ftc laws. they don't fit this situation. industryot the steel which is a super important industry. the internet is air. all of these other industries have to do tend on it to live. so, i said we should think of it like you 70 park or the gettysburg battlefield or the interstate highway system, which were bipartisan and their support, which most people are glad we did and have protected. economic allow for benefits to flow from that. i talked about sending up a special kind of agency to hear cases around internet disputes. host: it looks like title ii is going to go away. walt: trading the isps as if they are title ii is gone. >> is it a good thing? >> not to me. isps as being covered by title ii, which unfolded the bunch of powers and obligations on the part of those powers was a good thing. point ingets to my this column i wrote. are we going to treat them under this way? we were going to do that. we are not going to be doing that under trump? maybe the next president we will need. it was not written for them. it was writte

done a survey looking at all the regulations that affect them on the shop floor and the sales floor, ftc, that frank, has not been a whole lot of that go when the companies through, they find there are a lot of areas where there are impacts. it is that kind of thing -- this year when trump solicited comments on what regulations are affecting -- impacting jobs, a lot of the comments came in around this nitpicky regulation. there's something called the regulatory accountability act. it is been a bipartisan vehicle that may be a way of doing something about the issue. getting back to president trump and is about to cut regulation. the president promised a less active government and data shows ceasedng come almost issuing rules. he goes on to say, just 15 regulations were approved by the office of information of regulatory affairs from inauguration day until the end of may. do we know how many according to his pledge to get rid of two for everyone that is implemented -- do we know the number of regulations that have been cut amid the slow pace of new regulation yet go -- regulation? caller:

. >>> the ftc is urging anyone with a computer to back up their files at least once a week just in case. >>> bart riders will no longer have to guess whether the surveillance camera on their train works. but juliette goodrich found out the cameras may not be watching out for you as closely as you think. >> reporter: out with the decoy cameras. >> feel better that they have the cameras that are working. >> reporter: and in with brand- new working security cameras on all 669 bart trains. four cameras per train, all of them installed and ready to record. and they provide very good quality images. >> so if something happens on board a car, police can pull it, we now have video of you, we have your image that we can share with police. >> reporter: bart's fake cameras came to light after a fatal shooting on a train january 2016. there was no video of the murder. the only still photo taken was from the platform. the killer is still at large. >> and now that they have these cameras installed on every, single bart train, the question now is, how many people are monitoring the camera feed? so if

done a survey looking at all the regulations that affect them on the shop floor and the sales floor, ftc, that frank, has not been a whole lot of that go when the companies through, they find there are a lot of areas where there are impacts. it is that kind of thing -- this year when trump solicited comments on what regulations are affecting -- impacting jobs, a lot of the comments came in around this nitpicky regulation. there's something called the regulatory accountability act. it is been a bipartisan vehicle that may be a way of doing something about the issue. getting back to president trump and is about to cut regulation. the president promised a less active government and data shows ceasedng come almost issuing rules. he goes on to say, just 15 regulations were approved by the office of information of regulatory affairs from inauguration day until the end of may. do we know how many according to his pledge to get rid of two for everyone that is implemented -- do we know the number of regulations that have been cut amid the slow pace of new regulation yet go -- regulation? caller:

the federal trade commission, the ftc, they did a report on emergency technology for use with atms. they say this reverse pin thing has been rumored to be available at atms for some time despite never being implemented. basically it's an urban legend. doug johnson from the american to more detail about some specific steps that you can take to enhance your own security when you're at an atm. and that's up on our verify page right now at wusa.com and our news app. if you've got questions, see a facebook post, something on tv, want to know if an urban rumor is true, let me know. send me a screen shot, a link, or ask me a question. send me an e-mail to verify@wusa9.com. >>> does the president really have tapes of his private conversations with the fired fbi director? we finally have an answer to that tonight. >> isn't twitter just great? somebody posted a picture of stephen colbert in moscow. we're going to tell you what he's up to. >> a local high school basketball star goes big time. we'll have all of that plus dc's most accurate forecast when the hews at 11:00 continues right re on w

. >>> tonight the ftc is urging anyone with a computer to back up their files at least once a week justse. >>> meanwhile big sur has a backup plan of its own tonight to keep the tourist dollars flowing in after those winter storms left that community largely cut off. paul dudley on the new shuttle service launching just in time for the holiday weekend. >> reporter: at the fernwood resort in big sur manager diana balentien is ready for a big weekend. >> it's been a tough year, a year of constant change. >> reporter: a tough winter damaged the canyon bridge so badly it needed to be demolished cutting the community in two and highway 1 is still blocked on the south side. >> when the ridge slides on the south of us came, the electric went out and the phones didn't work. we were stranded up. >> reporter: a shuttle service is set to start up on saturday in the hopes of getting back to some sort of normalcy. >> our guests will get to take advantage of that and get shuttled over to the south part of our big sur valley. >> reporter: one shuttle will pick folks up in the afternoon at the state pa

we don't have the structures through the antitrust law, the up cc laws under which it operates, the ftc under which it operates don't fit the situation. this is not the steel industry. it's a super important industry, don't get me wrong but it's not like the internet. all these other industries have to depend on it to live and so we should think of it like yosemite park or the gettysburg battlefield, the interstate highway system with a man on the moon program which were bipartisan and their support which most people are glad we did and have protected. we should allow for economic benefits from that and i talked about a special kind of agency around internet speeds. let's go it looks like title ii was going to go away. >> guest: treating the isp says it there governed by title ii is gone. >> host: is that a good thing? >> guest: to me,. >> host: it was a step in the right direction in your opinion? >> treating the isp is being covered by title ii which that unfolded a bunch of hours and applications on the part of those applications to the company was a good thing but this gets to my po

there is a shorter idiosyncratic position versus a slightly broader context of what the ftc data is. has a lot to account. that is why the euro should be stronger and it is artificially lower thanks to the qe policy. you remove that alter easy policy slowly and we will see term premium kick in and high heels and that should bring the euro higher against the dollar. anna: where does that leave your forecast, you're talking about your medium run forecast or euro-dollar approaching 115i think, jordan. jordan: that is right. it could overshoot what this rally in euro we have seen and most of the feedback i have had from clients as i did not have enough in it. it might be that the market chases it a little too far but 115 is the initial target for sure. from there there's upside still perhaps. manus: it is interesting that clients say they did not have enough in it. some great phrases, thank you so much for being patient with us this morning. fromis jordan rogers number out foreign-exchange tragedy. european regulators determined the bank was [inaudible] and a plan to raise 7 billion euro

sam zentner/ftc: "he was you know, just a really good guy. always looked forward to seeing him.lways had a good attitude.">( darya ) chan worked for u-p-s for nearly 30 years... and he had been on the same route for at least half of that time. ( mark ) happening today - the man charged with the deadly ghost ship warehouse fire will be back in court. derick alemna is expected to enter a plea later this morning in oakland. almena is facing 36 counts of involuntary manslaughter in connection with the fire that broke out last december. almena was the man in charge of the warehouse. max harris was also arrested in connection with the fire. investigators say he is the man who organized party the night of the fire. if convicted, each man faces up to 39 years in prison. ( mark ) breaking news we are following this morning... the leader of isis may have been killed in an airstrike. the russian military claims that it killed abu bakr al- baghdadi last month. russian officials say the strikes targeted an isis meeting that was being held in syria. they claim that the strike also killed 30 m

do it directly and clearly and then that would our title to with your privacy issue become to the ftc are so that goes away and sernght for investment which has gone down -- against history. since title two and classification so things open and operating. i don't know that we need to go throw taxpayer dollars at the build out. there are funds that are, obviously, available. my view has been in a district such as mine, that you have areas that are unserved if there's a role for a private public partnership it is first in unserved areas of america so you can bring incredible power of the internet to a very remote rule area but we have areas in the country where you have drop cull issues on cell service. and you know, we've had legislation on that. you have lack of access to cellar coverage for phone, basic phone service today. i can call it basic. so those are all priorities for us as well. and then you know we're tbong to look at a reauthorization of the mtia, i think we will at some point of the fcc -- because these are agencies that haven't been with and start with mtia with wink and

the antitrust laws, the fcc's laws under which it operates, the ftc's laws under which it operates aren't, don't fit this situation. this is not, you know, the steel industry which is a super important industry, don't get me wrong, but it's not like air. the internet is air. all these other industries have to depend on it to live. so i said we should think of it like yosemite park or the gettysburg battlefield or the interstate highway system or the man on the moon program which were bipartisan in their support and in which most people were glad we did and are protected. -- and have protected. we should allow economic benefits to flow from that. and i talked about setting up a special kind of agency to hear cases around internet disputes. >> host: looks like title ii is going to go away. >> guest: well, title ii won't go away, but treating the isps as if they are governed by title ii will go -- it's gone. >> host: is that a good thing? >> guest: not -- to me, i think it was -- but here's -- >> host: title ii was a step in the right direction, in your view? >> guest: treating the is ps as

federal reserve looking into uber's hand -- ftc is looking to uber's handling of data.a day after uber cofounder announced he is taking a leave of absence. then to saudi arabia, "wall street journal" reporting that plans for that big ipo from saudi arabia oil company is stalling a little bit, listing that could value company at 2 trillion reportedly stalling over where to list it. >> rules of law, and a fractured society, my payne's passion is next. ♪ whoa that's amazing... hey, i'm the internet! i know a bunch of people who would love that. the internet loves what you're doing... ...so build a better website in under an hour with... ...gocentral from godaddy. type in your idea. select from designs tailored just for you and publish your site with just a few clicks-even from your... ...mobile phone. the internet is waiting start for free today at godaddy. your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual wo

hasblication called "ctfn" been speculating on ftc approval, but they are citing an attorney not involvede process. bloomberg reported on june 9 that the regulators were leaning against approval, so there has been a lot of back and forth. initially, shares are spiking -- were spiking. when it became clear that the citation was from an attorney not involved, the shares came back down, but it is still at 65% in walgreens, those shares also spiked in the wake of these headlines. the third point of this triangle, so it is spreads, which as head of this deal is set to buy some pharmacies from aid. those a-shares still up 17%. we will be updating you on any further development on this story. mark: aid. great stuff. still ahead, italy announcing its biggest ever bank rescue, committing $19 billion. we will speak to italy's finance minister pier carlo padoan. that is an exclusive interview. this is bloomberg. ♪ ♪ live from bloomberg world headquarters in new york, i am vonnie quinn. mark: i am mark barton, with the european close literally seven minutes away. italy's number to lend her rallying a

he connected really well with everyone here, my staff, everyone on the streetsam zentner / ftc he wasou know, just a really good guy. always looked forward to seeing him. he was a friend of everyone's a colleague walked into the protrero hill distribution center wednesday morning and opened fire on 3 employees before killing himself. a day before the tragedy, chan shared memories of a recent staycation with his family, and their decision to get a dog. i was so eager to get to work and see him this morning to make sure he was ok. and then the gentleman that took over the route this morning were the ones that told us, that told me. i was like is wayne ok? i was so eager to see him. the gentleman was like i'm so sorry to tell you he's not ok. and i couldn't even hear it at first. i was like, what? excuse me? like, he's fine? he said no he's not fine. he passed.clients who consider themselves friends are now keeping the 56 year old in their prayers, as well as his family and 2 children. dwight cocke - it's really so ugly and frightening when it happens. and it leaves a trail of mourning.

he had been in the running to lead the agency and urged the ftc to take a second look at its probe ofoogle which it closed in january of 2013. talks -- formal brexit between the u.k. in european union will begin on monday as scheduled. that decision was made after discussions in brussels. there was concern negotiations might be put on hold after primus or theresa may's conservative party lost its majority in parliament. -- mobile news0 24 hours a day powered by more than 2700 reporters and analysts in more than 200 countries. david: new questions are being raised about president donald trump and whether he tried to slow investigation into the 2016 elections. my guest is a former assistant special prosecutor for the watergate investigation and joins today from chicago. we have seen what has been reported about robert mueller's investigation. help me understand the import of it. does this widen the scope of the inquiry? it is a logical extension of where he started. comey,he testimony of there is no way he could not investigate possible obstruction of justice by the president. given the

john: a recent cbs news investigation found 4,000 complaints to the ftc and the better business bureau in the past two years. most claiming the promo deals were not as promised. but at&t which owns through the promotion's completion. customers who believe they did not receive the full benefit should contact customer service. matthew says he got no help when he called. >> they said we can't honor the deal because everybody's prices are going up $10 this year. john: but he can't leave because he is still under contract and could face termination fee. if you are wondering the better business bureau gives directv an a rating being responsive to complaints. if you have a billing issue contact the b.b.b. if you get nowhere so you don't waste your mon. john matarese, abc7 news. announcer: now "abc7 news at 5:00". on your side. >> monsoon hitting! larry: well, the stormwatch7 team told you it was coming and now we are in for more rain after the line of storms rolled through the region. chief meteorologist doug hill is in the stormwatch7's weather center on severe weather alert. doug? doug: hi