another former ftc alum who is also the cto at the ftc. she has significant research about what the people -- two people have any idea what they're consenting to and the first place? the thing to remember is what are we trying to achieve? what is the behavior change? what is the outcome we are trying to achieve? did they consent? do they know what they consented to? >> you just made the point of why we need more technologists at the agency. the only person who can answer the first question was them. anyways, these are not mysterious. our -- they are not that mysterious but you need people who understand the technology to basically inform the lawyers and other policymakers about this. thank you though. >> thank you for this hearing. i want to pick up on some of the answers to the questions but a bill that the two of us have introduced related to data brokers and ask additional questions. when i think about data brokers and why we introduce this bill is an example that in 2019, and data broker tried to sell the names, addresses of high schoo

i know that you took these companies on while you were at ftc and that the work continues under the ftchair. but to the extent that financial products like payment platforms are part of the equation, the cfpb has an important role to play. can you talk about just a few of the ways in which the bureau can actually help level the playing field? dir. chopra: we have a whole host of tools, including with respect to our partnerships with the prudential banking regulators. but of course, we administer laws like the electronic fund transfer act, privacy provisions . there may be places we need to bring enforcement actions or issue guidance or rules to make sure that there is not a roll over and play dead entelechy when it comes to public -- mentality when it comes to pleasing these powerful firms. sen. warren: i very much appreciate your focus on the importance of protecting personal data. i think my -- i made my position clear. i think these companies have far too much power and they should be broken up. but in the meantime, we need our regulators, all of our regulators, using every tool avai

you saw these companies up close and personal as the ftc commissioner. on their own to put in place the safeguards that are necessary to make sure consumers and small businesses that use the payment platforms don't get ripped off or do you think it's like the cfpb. >> one of the problems is there was a clear bias. vento let them go to know many no-fault settlement. facebook violated its order over and over and ftc response was the immunity clause for ermark zuckerberg and sheryl sandberg is not just the ftc that every single government agency is being impacted by how big tech companies are infiltrating sectors of the economy. is not just one of us to work altogether to protect consumers and businesses and frankly to protect our country. >> that's a powerful point. we've already seen big tech and there is no reason to believe those. >> if that were continues under the chair that the financial products like payment platforms are part of the equation. the cftc has an important role to play. can you talk about a few of the ways in which the bureau can help l

who is right, the ftc or facebook?ina: that is a very tough call, so we will have to wait and see, but the problem is this entire outage facebook has gone through has not made its own case stronger. indeed, if you look at instagram and the products developed including reels as a way to mimic tiktok, and the different products available in instagram, are a testament to what you were mentioning, that there is competition in the market. at the end of the day, a lot of social media companies will wind up developing the same product. this is what estelle was mentioning, the interrelation of these companies the ftc has taken a lot of concern with. we have seen not just facebook was down, we've seen instagram was affected, whatsapp was affected, even oculus vr, the other company facebook holds peer that is the main concern. adrian: i want to get some comments from all of you on the facebook whistleblower, frances haugen, her testimony, that facebook executives chose profits over safety and it needs to be regulated like big to

is the ftc going to do anything about it? or are we all going to sit back with ever looks of outrage. the well intentions of lawmakers -- our looks of outraged and make fun of the older well intentioned law makers who fumble their words around big tech and let the status quo stand. emily: right. natasha: most recently, with the cambridge analytical scandal, we saw the ft settlement was potentially billions of dollars above what needed to be paid at the time to protect zuckerberg personally. i think there is a clear issue between the fact zuckerberg owns 14% of the company and investors on 86% of the company. emily: speaking of facebook, facebook filed a motion to dismiss the ftc second antitrust suit against the company. this just out from down detector following the facebook outage, which is still going on, down detector saying this outage is the largest outage it has ever seen. we're going to continue to follow that and see how that plays out. always good to have you here. thank you. captain kirk from the 1960's tv series s

the ftc has already asked a federal court to break up facebook. after a senior facebook employee recently spirited thousands and thousands of documents out of the company, documents that appear to show the company's internal research about the effects of its own products, that research was totally at odds with the company's public statements about the same matters, not to mention their statements to regulatory agencies. after all that has happened, in the wake of all of that, in the wake of dozens of news organizations filing dozens of news stories this week about those -- based on those internal facebook files portraying the company in an intensely unflattering light, today we got word in the "wall street journal" that the ftc which, again, has the power to break up facebook, they are scrutinizing these new disclosures of internal documents as well as their previous scrutiny of facebook for their market share. the ftc is reportedly in touch with the facebook whistleblower and her attorneys. uh-oh. they have the power and apparently the intention

. >>> today marks the deadline for facebook to respond to the ftc complaint.ys the ftc will succeed in fighting off facebook's arguments joining us is gewilliam. >> good to be back, thank you. >> we have the ftc complaint back and forth and the "60 minutes" whistleblower interview and the journal reporting. of all of these boiling pots, what is the most significant >> i think the most significant over time might be the last two developments because they have so much to do with the legislative process. i think they're going to stoke the fires that press in the direction of adding new legislation. i think that the lawsuit is important, but perhaps not nearly as important as what might happen in congress as a consequence of both the journal's reporting and the whistleblower's revelations. >> legislation mandates what, given the political framework that we're in right now? >> legislation that deals perhaps with privacy and data protection and imposes much stricter obligations on platform owners to control the types of information that circles through their platfor

the ftc did a study on credit based insurance, in 2003. it is listed that the use of credit in ensuring determination shaw showed that there was a correlation on whether or not it would cost more -- >> so if they can't pay their bills, i'm sorry -- if they are low income and they have a hard time paying their bills, then let's raise the rates on auto insurance? has nothing to do with whether they are a good driver? it's let's punish them because they are poor. because they cannot pay their auto insurance. that's what i am hearing when i hear the studies. when i am wondering about, is whether you would support a study of disparate impact of using credit scores as a factor for auto insurance rates. would anybody be opposed to that? would you want to know if there is structural racism existing and the use of credit scoring for auto insurance? would you want to know that as a business? >> representative, the ftc study that focused on credit based insurance scores, looked at that as part of its assessment. and similar to the study, it found tha

but she provided documents to the ftc and other organizations.ultiple former staffers saying we have the goods, we're showing you what we know to be wrong inside of facebook. one of zhang's top complaints, she says the company doesn't do enough to tackle hate and information in smaller countries. the united states, there's been a lot of attention around these issues, less so in other countries. facebook disputes that, but it reminds me of what "wall street journal" reporter jeff horowitz said, he said the version of facebook we have in the united states is the best one, the safest one. there are more problems with the platform elsewhere. >> she talks about cases in mya myanmar, ethiopia, where the site is used to carry out violence against ethnic groups. i wonder if you have another ftc complaint about the graphic video the site refuses to take down. folks have been hearing about whistle-blowers, they've seen the sworn testimony before congress. we've heard about the failure to police itself for years from facebook. where does the chances of legi

dealing with big government agencies like the ftc isn't easy.do that while you also mourn the loss of your daughter, how do you guard your heart? >> well, that is a good question. and i'm asked why i do what i do. and it gets me every time. but i do it because allison would expect nothing less. i do it for her. and i do it for other people that have been harmed in similar fashion. but like i say, she is always with me and i'm doing it for her and others. >> andy parker, thanks so much for your time. really appreciate it. >> thank you, geoff. >>> and right now, we're getting an update from wyoming and the investigation into the death of gabby petito, the teton county coroner is revealing the findings of their final autopsy including the cause of her death. and law enforcement have categorized her killing and disappearance as suspicious. and her body was discovered on september 19. and she was last seen or heard of in august during a cross-country road trip with her fiance brian laundrie. let's listen into this press conference. >> -- able to pinp

in a 55-page document facebook saying the ftc alleged no probable basis for branding facebook an unfairopolist, saying it controls in excess of 60% of the market, accusing the ftc of cherry picking data and including data on a handful of apps and saying that the ftc had no evidence that facebook's market position was protected by barriers to entry -- barriers that prevented competition, saying competition did occur from snapchat and others also, kelly, facebook reiterating its claim that one be recused because she cannot be impartial. it will be interesting to see how it plays out >> they're experiencing outages and now i think senator markey calling on the ceo to testify. >> yes i have to athat thsay that thisg is because today is the deadline they had 30 days today is the deadline when they have to file traditionally these things are not filed ahead of the deadline. they're always filed on the day of the deadline, so i think it is a coincidence >> i think as journalists we understand that, nothing is done until it has to be facebook shares down 5%. at session lows they were down nearl

using all of the resources if of the ftc, doj and congress up dating our antitrust laws to inject more place. part of the problem facebook has no competitors and they're so large, they can basically do what they want. so restoring competition, prohibiting certain behaviors and then hold them accountable and responsible for their business decisions to amplify toxic or dangerous material. >> let me ask you this, if boeing comes up with a new of using an automatic pilot mode in their airplane and they believe it's a proprietary invention, they still have to disclose everything this invention does and how it works to the faa to get that approval. it's as if we don't -- if facebook comes up with a proprietary algorithm, they don't seem to think they have to share that. how do you make them share that? >> there's a number of ways. you can require algorithmic audits to do what they claim they do, interest greater transparency for algorithms, an agency responsible for looking at their practices, either its impact on competition or on fairness to the consumers are two obvious places. that's onl

it's laws about funding the justice department and the ftc more. it's about mergers and antitrust legislation laws that need to be changed because the courts are sort of hand strung about what they can do given what the anti-trust laws say it's about section 230. what should we do about that? what is the smart thing to do here. and then it's also about fines. if you recall, the ftc fined facebook $5 billion for breaking previous descent decree which i call the parking ticket. they couldn't do anything else because they couldn't win in court. if you add a zero to that. facebook will start paying attention. liability is another issue. so, it's multi-facetted, chuck. not just one thing or the other. >> facebook is going to do and somebody reminded me rj reynolds but the other tobacco company, this name change, is that what they're trying to do here? are they just trying to improve their image by changing their name? >> no, i think it's probably the smart thing to do is move mark zuckerberg out of sight, i suppose. i think that's probably what they're

so, she is not actually in favor of antitrust regulation that the ftc is pursuing. so yeah, with regard to competition, i think facebook argue there are other companies out there, tiktok and snapchat among them, but it is undeniable -- the company has more than 3 billion people on one of its services now who actively use it, so it be -- so, it is becoming a big part of our lives. kristen: as i saw in an op-ed in "the new york times," they wrote that facebook is in trouble, and it is a steady decline in by a giant who is dying and using the fact they are using -- they are losing shares among young people as the evidence. you think the inability to attract young people and the sentiment of young people saying that it is for old people a problem for facebook? ryan: i think you are referencing a column from my colleague kevin, who said that the documents are a very revealing look into facebook. because they show, especially with teen stuff, that they are grasping. they are trying to capture a user base that is leading them, these gen z users that are going to other serv

you have been lobbying the ftc to weaken the existing privacy rule. you have spent vast sums of money fighting california's privacy rules. i want to ask, what work youtube has done to lobby against congress strengthening online protections for children? is that report and that claim by the multistate plaintiffs accurate? >> senator, i understand the material you are referencing was regarding our point of view on e -- point of view on e-privacy legislation in europe. our ceo has regularly called for comprehensive privacy legislation in the u.s. and on behalf of youtube, i am not aware of any efforts other than to be involved in conversations and a -- in a multi-stakeholder way as it relates to any bills that are introduced regarding the oversight or regulation of companies such as youtube. sen. blumenthal: the reports of political pressure and lobbying against children's privacy and safeguards are totally false? >> i think we work with lawmakers such as yourself regularly to have conversations. to share what we are doing on the platform and the updated

it took the ftc ten years to do that study. it's intensive. with respect to the furnisher reports, they do have furnished reports on different furnishers and how accurate they are. this committee may want to ask for those reports. that gives one indication of accuracy. the other is the massive number of complaints. >> the time has expired. the chair will now recognize mr. mooney for five minutes for questions. >> thank you. mr. chairman, these credit reports give lenders an insight into how likely a borrower is to pay back a loan. if the potential borrower has an incomplete credit history or a history of poor credit, then the prospect of payback is less certain. this results in higher pricing or even in unwillingness to extend credit at all. in other words -- >> mr. mooney, would you check to see if you have muted yourself. mr. mooney, we cannot hear you. would you please check again to see if you muted yourself. >> it's not on mute. can you hear me now? >> we can hear you now. thank you. i will extend your time by 30 seconds. >> all right. wa

the ftc does not certify full forensic auditors at all? >> i -- i believe that's -- it's that the eac, that certifies them. >> the eac doesn't certify full forensic auditors. >> that term, that "full forensic auditor," i'm not familiar -- >> they don't do forensic auditors, they don't certify. what they certify deals with the machines themselves, the tabulators and whether they can operate on those machines, right? >> right, and whether it's been connected to the internet. >> the gentleman's time has expired. without objection mr. stanton is authorized to participate in today's hearing. mr. stanton, you are now recognized. >> madam chair, thank you for allowing me to participate in today's important hearing. i'm very disappointed that mr. logan declined to appear here today to address questions about how the cyber ninjas firm was selected to conduct a multimillion dollar month-long partisan audit. i suspect the reason he isn't here is because he does not have good answers, that his involvement was a fraud from the beginning. mr. logan has

back in august, brian deese sent a letter to the ftc, asking the ftc to use its available tools to monitor the gasoline market. she responded and said she would look into it. reporter: was there any concrete movement or progress in the negotiations with senators mansion and cinema this weekend, -- manchin and sinema this weekend, and what can you tell us about it? sec. psaki: the president will have a meeting with progressive house members this afternoon in order to have a discussion about the path forward this afternoon, including the recognition that this package is going to be smaller than originally proposed, and what he wants to hear from them is what their priorities are, what their bottom lines are, so he can print -- he can play a productive role. i suspect he will have a virtual meeting with members who consider themselves more moderate. we've been in touch or have stayed in touch with staff and a range of members over the course of the weekend as we work to continue to make progress, but i don't have any specific updates. reporter: how long do you plan to give negotiations with m

being advised i democratic operative who served as obama's deputy press secretary, speaking of which ftc records reveal she was a prolific donor to left-wing packs that include donations to the democratic senatorial campaign committee so the senate loved her and breaking tonight our suspicions about this being a trap to relate more censorship of conservatives on social media has been confirmed, sources tell fox count and will meet with the january 6th select committee as soon as tomorrow. glenn greenwald in his independent journalist and author of securing democracy, he is with us. that was a quick hop, was it not, from protecting the kids online to january 6th. how did that happen so fast? >> i find this whole narrative about her being a brave whistleblower, i question the bravery part and the whistleblower part. what is courageous about what she did? she's being treated like a foreign dignitary, like a member of the royal court the media and in washington. i worked with brave whistleblowers before. they've not prosecuted or imprisoned or and i'll like it would snowden, people who revea

everybody knows who watches this show and listens to me, i'm a major ftc football fan in the traditionball is just a huge part of life not just here in the south but across the midwest, the west coast, and once a week of freefall we gather together in our home at bars and stadiums and tailgate to cheer for our favorite team and it is what they call the old normal, it is called america and we told you i year and a half ago the tragedy of this pandemic wasn't just going to be measured in the number of lives lost but in how much of our culture and traditions we lose in the process. we want you a lot of powerful people would try to use the temporary covid crisis to create a new normal. they still have people masked up in blue state america and in areas of federal control and with few exceptions allowed babel excuse -- exclude you, fire you, even shame you for not complying with vaccine mandates. thousands of americans have been forced from the jobs in the past week although president biden last night said such concerns about vaccine mandates are overblown. >> i waited until july to talk ab

they even put the response out to the recent accusation of anti-trust complaints from the ftc today.ut is this the biggest challenge that could lead to change in a positive sense or damage them? >> this is truly significant in a way that the anti-trust case because the market definition so poorly pursued by the ftc not as much as of a challenge as this is for the company and encourage them to see this as an opportunity to try to get the things right that the company shouldn't be neutral about disinformation, about insurrections against the government and neutral about sort of just attacks on -- about horse dewormer being a healthy substitute for active covid vaccination. the company had taken extraordinarily aggressive means about romoting covid information, proper covid information. mark did interviews with dr. fauci early on and they did a good job to addressing that for a time and it is pretty questionable whether they continue that right now. >> i want to ask a personal view on a question having worked there and knowing the company so well i'm interested that the company's pushed

facebook actually quietly filed to dismiss really the only antitrust suit on the table which is the ftct against them i don't see a lot of risk. >> interestingly, as it's down to 317 mark, stay with us, we want to bring in angel investor mark calacanis. jason, i'll just ask you whether or not you think it's investable >> nice to be here, carl, and julia. historically, if you're looking, absolutely buy the stock when bad news comes out because it's gone from 50 to 100. and now a peak-out, i think over $1 trillion valuation. historically, that's correct now, what we have to wonder is, you know, is this the straw on the camel's back here, because, you know there is something about kids and body dysmorphia issues and this research that feels qualitatively different this ti time came bridge analytica. but this one feels different i think if you look at the proposals they're putting up of how to deal with it, those also seem different for the first time, we're hearing facebook say things like hey, maybe we'll age the service. maybe we'll give parents control over the kids accounts oh, my god,

it faces antitrust action by the ftc and laws in europe that could hit it significantly hard.you heard today, what is the next step for congress in terms of laws? >> yes. and what we have been working on in building bipartisan support for is online privacy, data security, and section 230 reforms and these are areas where i have worked for years trying to build bipartisan work and i really appreciate that getting the internal documents affirms what we have heard anecdotally from parents and teachers, from school principals, from pediatricians, about the way children were being data mined and marketed to on instagram, facebook, the way they were using messenger kids to try to have kids schedule playdates using messenger kids and this is a violation of copa. so to bring this forward, to get these documents that show yes, facebook knew this, because they had done the research on this, to figure out how to get more children to use their site. elizabeth: feels like a potential fraud case too. >> correct. elizabeth: you point out, you make a good point because the bbc had reported th

he went on to the cfpb and ftc and we just celebrated his retirement. before him, was our director, the first director of nclc testified in hearings in 1969. i mention this because it shows that we have been battling the abuses of credit bureaus for a very long time, and yet it hasn't gotten better. in fact, it might have gotten worse. 300,000 complaints to cfpb in 2020, that's a lot of complaints. twice as much as last year, nearly two thirds of the complaints to the cfpb, and of course, according to the ftc's 2012 study, there are 10 million americans who have errors so serious on their credit reports it could deny them or cost them more for credit. and no, this explosion and complaints isn't just credit repair outfits challenging accurate information. the cfpb has said there's no evidence of that. the credit bureaus have been blaming credit repair for decades. it's the same old same old. what's different? a pandemic, of course, with devastating economic impact on many americans, potentially causing more folks to check their credit reports. which the

liz: president biden has nominated the first woman leader of the ftc. now the new question. charlie breaks it next. with the closing bell ringing in 18 minutes, the dow is still up 70 points. we are on track for two new records, make it three, because microsoft is looking for a record close too, not just the dow and s&p. ♪ ♪ is wealth. ♪ ♪ this is worth. that takes wealth. but this is worth. and that - that's actually worth more than you think. don't open that. wealth is important, and we can help you build it. but it's what you do with it, that makes life worth living. principal. for all it's worth. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. as i observe investors balance risk and reward, whose resumes on indeed i see one element securing portfolios, time after time. gold. your strategic advantage. ♪ say it's all right ♪ ♪ say it's al

he went on to the cfpb and ftc and we just celebrated his retirement. before him, was our director, the first director of nclc testified in hearings in 1969. i mention this because it shows that we have been battling the abuses of credit bureaus for a very long time, and yet it hasn't gotten better. in fact, it might have gotten worse. 300,000 complaints to cfpb in 2020, that's a lot of complaints. twice as much as last year, nearly two thirds of the complaints to the cfpb, and of course, according to the ftc's 2012 study, there are 10 million americans who have errors so serious on their credit reports it could deny them or cost them more for credit. and no, this explosion and complaints isn't just credit repair outfits challenging accurate information. the cfpb has said there's no evidence of that. the credit bureaus have been blaming credit repair for decades. it's the same old same old. what's different? a pandemic, of course, with devastating economic impact on many americans, potentially causing more folks to check their credit reports. which the

erielle is back to break this so how do they work and how can people protect themselves. >> the ftc say isolating, especially true for seniors and the ftc says that may be the key reason the number of romance scams targeting them has jumped. to protect yourself, never send someone money if you have only connected with them online or on the phone. use an online reverse image search of the profiles of them, to make sure their pictures align, and if the details don't seem to match up it's likely a scam, and remember, it's easy to get caught up, when love is involved, if your loved ones or friends seem concerned, it's probably a red flag. >> thank you, erielle. appreciate it. >>> coming up, my interview with first lady dr. jill biden, the personal reason she has made breast cancer prevention her mission. >>> and the red flags you need to pay attention to when ordering online. >>> and we're celebrating ten years of "deals & steals." tory johnson and lara, look at them, they are ready to go. >>> we'll be right back. ♪ everyone remembers the moment they heard, “you have cancer.” how their worl

and the ftc. but your overriding point is absolutely right. we do need to take action. there needs to be real reform. it won't be easy, but i've been doing this for 15 years working on section 230, for example. the mere fact that we're talking about it in this space is a major achievement. a year ago no one would know what section 230 is, and by the way, it is the near complete legal immunity, a broad legal field that big tech has against any legal responsibility. >> and it is time for an update. good news for our viewers, senator, s.e.c. chair gensler will be here in the next few minutes, and we intend to ask him about that very subject. senator, thank you for joining me this morning. i appreciate it. >> thank you. >>> coming up, new details about how many infections and hospitalizations the covid vaccine is actually preventing. it's a big number. and what it means for the nation's most vulnerable. >>> but first, democrats under pressure, with less than two weeks until a default and republicans showing absolutely zero interest in helping. we're going to break down the

consequential, if any, bills come be made into law as a result of that one thing we did see is the ftc sort of settlement with facebook and sort of institute new privacy practices. i'm very curious inside of the company we just did some reporting and there was a question as to whether they would want to carry out any of this research at all, particularly because any time people get their hands on it it's used against the company and so they're still mulling that at the top right now and nick craig, i was told, is advocating for it, but it's still in debate. so i think there is a real tension inside over whether facebook feels are we going continue getting people this information and the little information we give them because it's so harmful with our reputation in the public and that's still an open question. >> wow that's fascinating, mike we apologize for keeping it brief, but we're coming up to the top of the hour. nilay patel and facebook is up about 2% we should mention the market bounce here. santoli describes it as respectable as we are above monday's intraday high best day for

kristen: this is sounding like you say it takes ftc or congress or what is the solution?hat can they do? >> there are two threads to look at. what is incredible about the whistleblower is she's not only incredibly courageous, she's unbelievably authoritative and incredibly convincing. for congress and for the court system, they no longer have an excuse for inaction. congress needs to pass laws and three areas. first, safety. we need to look at this the same way we look at the food industry when we passed the pure food and drug act. food was an unsafe thing, drugs were unsafe, so we mandated safety and created the fda. we did the same thing with the chemicals industry in the 60's and we need to do it with tech platforms. second, we need laws for privacy. we need to protect people from the use of personal data to influence their choices and behavior. humans have no rights and that's insane. we've forgotten people are part of the equation and have rights. third, we need to update the antitrust laws for the 21st century. that's going to take several years minimum. the thing t

a 2011 ftc investigation made the company address the tracking and sharing of user data. then donald trump's presidential win raised allegations that facebook influenced the election. in 2017 it was accused of supporting ethnic cleansing in myanmar. 2018 when the world learned cambridge analytica gathered 87 million facebook profiles and was accused of using them to manipulate the uk's brexit vote and the u.s. presidential election. 2020, opened with the january 6th attack on the u.s. capitol. documents released by whistleblower frances haugin are shedding new light on facebook and the spread of misinformation. so what do you think of facebook's name change? head to our social media and answer our question of the day. your answer could be featured in our 7:00 show. >>> an investigation in a contra costa county school district after a photo of a high school student wearing a ku klux klan costume to school circulated on social media. he wore the costume through the first four periods yesterday at pittsburg high school. the student admitted to wearing the costume as a dare.

. >> the ftc is slamming facebook for cutting off access to a group of researchers who were studyingon facebook. >> in august of 2021, they shut down our accounts. >> reporter: so you're not on facebook anymore? >> no, i'm not. i have no place to post my dog pictures. >> reporter: now all social media companies have a covid misinformation problem. but facebook is nearly a trillion-dollar company with $2.9 billion users a month. its sheer size makes it special. >> facebook is the most powerful media apparatus in the world. >> reporter: "new york times" tech columnist kevin roose has written extensively about misinformation on facebook. >> why don't they just say oh, sorry. we'll have our amazing artificial intelligence just wipe misinformation off the platform? >> well, it's not as easy as it sounds. one, a lot of people disagree about what misinformation is. they've had to walk a very fine line between removing genuinely hrmful content from the site, while also, you know, not engaging in what they would consider censorship. >> reporter: facebook declined our request for an interview.

take us onto the ftc, top story tomorrow morning, number ten recalls jabs achieve to front line.ird read turn _ jabs achieve to front line. it's third read turn of writing the vaccine programme in england. she is probably— vaccine programme in england. she is probably the most highly rated officiat— probably the most highly rated official but on downing street by boris _ official but on downing street by borisjohnson. it's quite a clear signal— borisjohnson. it's quite a clear signal of— borisjohnson. it's quite a clear signal of the concern in the government that the vaccine roll—out of the _ government that the vaccine roll—out of the booster programme is not going _ of the booster programme is not going well so that's why they're bringing — going well so that's why they're bringing her back. she so highly rated. _ bringing her back. she so highly rated, seemjohn bringing her back. she so highly rated, seem john the first time around — rated, seem john the first time around if_ rated, seem john the first time around. if you take in insurance and signal— around. if you take in i

and the ftc. eduardo and mark both on facebook had the same answer. quote, shut them down. and on instagram, rob says if y'all are falling for this, y'all are suckers. government control over anything is never is never the answer because of censorship. >>> tonight we're also learning new information about the outage that took out facebook and its other platforms like instagram and whatsapp. facebook says it was caused by a chain of errors. the company's vp of infrastructure wrote in a blog post that the problem happened in facebook's backbone, the network that connects all of its data centers across the globe. the issue started during routine maintenance, a bad command unintentionally took down all the connections in that backbone network. facebook has a system in place that's meant to keep mistakes like this from happening. but a bug in that code prevented it from working. from there, things continued to snowball. facebook's connection to the internet also went down. once facebook realized the problem, employees went to the data centers, but had trouble physically getting

. >> that's according to the ftc. the better business bureau is urging you to use caution because you may not know who is on the other end. >> the that you meet. on the other send you some photos and ask for you to share photos back once you do that, that's where the scam where the black male. >> paula fleming from the bbb. we have been notified. >> significant amount. but by a few people that have unfortunately have provided photos of themselves that they not to be public. once a person has your photos. she says they then threatened to share unless you provide money and they're blackmailing new so they don't expose your pictures online to friends to colleagues or to the entire if you decide to look for love using a dating app. here's what the bbb says to do. >> researched the person you're interested in by doing a reverse image search of the person's picture to make sure they are who they say they are don't share personal information with the stranger instead. wait until you meet them in preferably in a public locati

there is the antitrust action by the ftc. there is some very interesting lawsuit which has just being filed which is alleging that facebook covered up after the cambridge analytical scandal and alleging that facebook over paid by $4.9 billion paid to the ftc. it's alleging that just top save mark zuckerberg's skin. that moment when the executives have been protected from the devastating consequences that we know facebook has perpetuated across the world. i do think there is maybe and i hate to say and i don't want to jinx it. >> what would good smart regulations look like to you from this united states congress that we are hearing the testimony today? as i said before, they had mark zuckerberg before them and they know a lot of this company. what could the government do about a problem like facebook? >> i mean it's just multiple different actions which are required. this is critical infrastructure. without it, the world does not function and there is no over site of it. we have no idea what's going on inside its algorithms. t

we've also taken steps engaging with members of opec and to reach out to the ftc to ensure they are using every available tool to monitor the gasoline tmarket and address any illegal conduct but i'm not going to make any other predictions at this time. we are monitoring and will take additional steps as needed. ... >> about our need to work together to address the climate crisis. one of the greatest national security crisis and a number of other world leaders agree on that front. certainly we all want to keep gasoline pricese low, but with the climate crisis certainly cannot wait any longer. >> talking about the mcconnell idf democratic caucuses get behind it will the president get on board? >> we will see where things are it is e the ever moving news cycle. >> so there is a diversity of views as is to be expected so now they are meeting and you don't want to get ahead of that process. so with the president be open to meetingng with clinton with the g 20? so is there any change with putin quick. >> i have no predictions on the bilateral meetings that is something they are still working th

withi finane yer to vest in solutions to limit global temperature rises to 1.5 degrees celsius and the ftc warns 1,100 companies on notice they will face fines if they make false claims to employees about making money. >> that al gore move as the biggest climate summit kicks off. we'll see you in a bit >> back to the markets and your money as the dow and the s&p continuing to bang out new record highs investors still pouring in your guest says don't get too comfortable. it may be time for a pause and maybe one that refreshes handling over $3.3 billion we maybe need to get out of play, take the bench and take a breather we'll probably get a little pull back, maybe a point or two we'll see a new high on all exchanges. i think it is a wonderful thing. i would be bullish here. what is the driver that was sort of a resetting in october. october gives me a bit of heart burn i remember the october 87 crash. i had taken an account and run up and i thought i was a genius. i went from 17,000 back to my original three i'm glad to get october behind us i'm very bullish >> you probably learned some har

this is a moment where i think the fcc, ftc can come in and regulate social nmedia and say e can acallt i'm own time magazine and we're held accountable and so is you for what is said on our pages and network. that needs to be true. >> all right i don't want to lose sight that business is the greatest force for social change. always great to see you. thank you, mark. >> great to see you, jim go trees >> thank you >>> coming up, a storm is coming give us a call cramer's got the answer to all your burning questions the lightning round is next. so, should all our it move to the cloud? the cloud would give us more flexibility, but we lose control. ♪ ♪ ♪ should i stay or should i go? ♪ and we need insights across our data silos, but how? ♪ if i go there will be trouble ♪ ♪ ♪ wait, we can stay and go. hpe greenlake is the platform that brings the cloud to us. ♪ should i stay or should i go now? ♪ ♪ ♪ >>> it is time ed in new jersey >> caller: i'm calling from beautiful new jersey it is philadelphia eagles territory. all the construction is a szek buy? >> it's better than the other guys they

called open accessss and there was an argument house the internet should be regulated and what the ftcdid write at that time is to take a light touch approach called the internet. we are not streaming video people were not tethered to their phones basically it was dsl. and we got great push back on not taking the old legacy regulations and applying them to the new thing called the internet. but we did write with the light touch regulation and what we got at the time and clearly there is still a long way to go. government has to be flexible and looking at things for what they are now as opposed to put them in buckets that were left over from legacy regulation. my issues with my heart and my passion but one thing that became so blatantly apparent with the covid crisis and then we havey read a lot to but it became very clear that is one of the pressing issues of our time in this country is to ensure all americans have access to good health care. and that ties into telehealth. one of the good things that came out of the pandemic was an understanding of the importance of telehealth. when re

before they stepped up in cabinet position, elizabeth dole for ftc for 7 or 8 years.ple get elevated to these positions, you say he has been in the news, he has, i would like to wish he and his husband well, they have adopted two babies that is fantastic that personal news, and when i googled last night working on this segment, digging info-- digging into what has been done. that is the story that came up. we have a big problem at port that falls under his purview, we look forward to seeing what he does next. trey: not first person in politics that had to combine a new family and doing your job. >> for sure. trey: wonderful to see you. >> thank you, trey. >> thank you for spending part of our sunday with us, i hope you have a great week ahead. good night from south carolina, "life, liberty and levin" and up next. ♪ ♪ ♪ ♪ ♪ mark: hello america, i am america levin. this is "life, liberty and levin." we have two great guests, . >> gordon chang.

i know the ftc and various regulatory bodies and the executive branch are currently looking at that. whether the spread of these crypto currencies can be held up, i think the cat is out of the bag. i think we need to look at regulating them to make sure that they are safe as possible rather than trying to prevent their use altogether. >> we can't just sit and watch this take place without doing anything, understanding that the poorest people in the country are going to be the prime target for the unscrupulous. >> gentleman's time has expired. >> thank you, mr. chairman. >> the chair will now recognize for five minutes of questioning. >> thank you, mr. chairman. thank you for the witnesses. if i could i was looking at a study from the federal reserve. it sounded in the year 2020 last year the cash payments decreased by roughly 7%. credit card share payments increased from 24% in 2019 to 27% last year. i which i think we all know the digital payment system also found the number of cashless transactions last year increased significantly. professor wickey, first to you. can you project i

the ftc has found one in five consumers have verified errors in their credit reports and some so serious they're denied credit or forced to pay higher interest rates and another 10 million with errors that could be life altering. scams increased during times of crisis and the pandemic is no exception as the nation works on the economic recovery from the recession brought on by the crisis, it is more important that americans have equal and just access to credit. early in the pandemic your company joined in announcing that americans would be able to access their credit report for free on a weekly basis, knowing they're under stress to keep nir family and community safe and why did your company choose not to give americans free access to their reports. >> so as you stated, congressman, thank you for that question, we do provide access to free credit reports on a weekly basis as an industry. experian also provides free credit monitoring, free access to credit reports and free credit scores to over 40 million u.s. consumers today and we continue to grow that as consumer needs rise. >> got it.

the ftc sent a warning letter to the company to stop making claims that are not supported by scientificnce but they continue to publish articles and videos claim that it is nasal spray kills and or deactivates coronavirus. so far the company has not commented on the matter. >>> president biden continues his european tour. we will hear about his first big win at the summit. >>> good morning. how is the coffee going? before you take another sip, just kick back and just listen to me for a moment because i don't just have one sports great story, i have two. i have even more than that, ahead, we got a team that is on the brink of a world series crown and we got fr last if you smell gas, you're too close. leave the structure, call 911, keep people away, and call pg&e right after so we can both respond out and keep the public safe. don't worry, ma. we'll be there soon. “we?!” is this “the one.” well...let's say i found the one who takes me to another level. always stays calm under pressure. most importantly... the one that helps me discover the coolest places. this sounds wonderful! come outsi

and i have a gold atf at a bitcoin atf and i'm storing the gold in my basement is the ftc going to evolvecompanies can show and actually address the issues that he specifically mentioned were problems before they come onto the u.s. is not going to work. i think half of the applications out there are not valid for a bitcoin etf because they're not addressing what gary gensler is saying. ultimately he is pro-bitcoin in the regulations do not see what the looking for in the market today so you don't have to deal bitcoin custody but have a lot of exposure to bitcoin in bitcoin's price movement. liz: really quickly were gonna put up the names that will be in this along with micro strategy give us a few other names in your number one reason for that. we are also excited about companies like tesla and square in twitter twitter allowed people to send bitcoin back-and-forth and essentially we people bitcoin across the world is never been done before companies like bitcoin from skin my net even though bitcoin that $50000, really excited about the pace of innovation in the field and excited about th