global alliance _ not heard back. x has the global alliance for - not heard back. x has the - global alliance for responsible mediadvertisers of lating us anti—trust law. the suit alleges this group along with members which include companies like mars and unilever and the world federation of advertisers couuded world federation of advertisers colluded to suppress conservative voices and withhold billions in advertising ref new from the platform. a ceo hired in part for her strength with advertisers announced the lawsuit. i advertisers announced the lawsuit. . , advertisers announced the lawsuit. , _ lawsuit. i was shocked by the evidence uncovered - lawsuit. i was shocked by the evidence uncovered by - lawsuit. i was shocked by the evidence uncovered by the i lawsuit. i was shocked by the - evidence uncovered by the house judiciary— evidence uncovered by the house judiciary committee that a group _ judiciary committee that a group of companies organised a systematic illegal boycott against x. it isjust systematic illegal boycott against x. it is just wrong. that's_ against x. it is just wrong. that's why we take a

x has the global alliance for responsible media, a coalition of advertisers of lating us anti—trust laweges this group along with members which include companies like mars and unilever and the world federation of advertisers colluded to suppress conservative voices and withhold billions in advertising ref new from the platform. the x ceo hired in part for her strength with advertisers announced the lawsuit. i was shocked by the evidence uncovered by the house judiciary committee that a group of companies organised a systematic illegal boycott against x. it isjust wrong. that's why we take action. most social media companies provide services to users for free, relying on ad dollars to be profitable. in its filing, the company says in 2022, 90% of revenue came from advertising. today, most of it is from small and medium sized companies that are not members of this group, adding this reduced revenues and ability to invest in its products, harming users of the site. professor rebecca horr allensworth, an anti—trust expert at vanderbilt university says x has a case but not strong. it seems t

globally. that suggests travellers are waiting until the last minute to book trips or experiences with up shares fell 14% and after—hours trading. elon musk�*s social media company x has accused the global alliance for responsiblea coalition of major advertisers, of violating us antitrust law. the suit alleges that this group, along with its members, which include companies like mars and unilever along with the world federation of advertisers, colluded to suppress conservative voices and withhold billions of dollars in advertising revenue from the platform formerly known as twitter. the bbc has reached out to the defendants but is not yet heard back from them. elon musk social media company x has accused the coalition of major advertising of violating us antitrust law. the suit alleges that this group along with its members, which include companies like mars and unilever, along with the world federation of advertisers couuded federation of advertisers colluded to suppress conservative voices and withhold billions of dollars in advertising revenue from the butler formally known as twitter. x's ceo linda yaccarino, who was hired in part because of her strength in dealing with advertisers in her previous job, anno

for the full story, from new york, here's michelle fleury. elon musk�*s social media company x has accused the global alliance for responsible media, a coalitionmajor advertisers, of violating us antitrust law. the suit alleges that this group, along with its members, which include companies like mars and unilever along with the world federation of advertisers, colluded to suppress conservative voices and withhold billions of dollars in advertising revenue from the platform formerly known as twitter. x's ceo linda yaccarino, who was hired in part because of her strength in dealing with advertisers in her previous job, announced the lawsuit. i was shocked by the evidence uncovered by the housejudiciary committee that a group of companies organised a systematic illegal boycott against x. it is just wrong and that is why we are taking action. most social media companies provide their services to users for free, relying on ad dollars to be profitable. in its filing, the company says that back in 2022, 90% of its revenue came from advertising. today, most of it is from small and medium sized companies that aren't members of this group, adding that

the lawsuit accuses the global alliance for responsible media of antitrust violations, antitrust violations the suit claims the group organized to block billions of dollars of ad revenue over its concern about a change in brand safety standards since musk acquired the platform in 2022. and it new this morning. if we are taking a look here, you can see michael bloomberg making a big donation to several historical black medical schools the former new york city mayor's nonprofit bloomberg philanthropies, is providing $600 million to four hbcus. now, his donations are expected to be the biggest ever to a single hbcu since the $100 million donation gifted to spelman college, and that was made earlier this year. he also plans to give $5 million to help build a new medical school for xavier university of louisiana well coming up, achieve peace with puppies. can't wait for this. the yoga class creating a zen experience and promoting adoption >>>>the bay area events calendar, brought to you by broadway san jose. >>>here's what's happening in the bay area this weekend. enjoy island cuisine ukulele mu

for the full story, from new york, here's michelle fleury. elon musk�*s social media company x has accused the global alliance for responsible media, a coalitionars and unilever along with

and cache in at cache creek casino resort. a lawsuit in san francisco against the global alliance for responsible mediandustry coalition of major advertisers. x claims that group broke antitrust laws by organizing a boycott against twitter. soon after musk took over in 2022, x began losing advertisers, not amid or losing advertisers amid a spike in hate speech and concerns over content moderation. the company claims the boycott by those advertisers cost the site billions of dollars in ad revenue. well, a big blow to one of the world's biggest companies. a federal judge has now ruled that google is an illegal monopoly in online search. so what does that mean for us? and google's competition? well, no penalties have been announced, at least not yet. but since the decision was largely based on deals to put google's search engines on smartphones, this could impact hardware and platform companies like apple and samsung. the ruling will likely give small companies now a better chance to at least exposure to your and their products. one of the possible remedies, and we don't know for sure yet, might be that t

what the world federation of advertisers did was it formed this initiative called the global alliance for responsible mediae of the christchurch shootings in new zealand. so if you remember, this was a horrific act of terrorism, and the perpetrator livestreamed it on facebook, and it opened up this huge conversation about what are advertisers doing, not only appearing next to this content or adjacent to it, but effectively monetising it. so the idea was to create this initiative to help advertisers steer themselves away from this content and defund things like hate speech. so that was that, 2019, all very vanilla, all very innocuous. but then last year, what happened was a conservative—led group in the housejudiciary committee began looking into garm looking into whether, um, their activities had suppressed conservative media and causing a boycott of conservative media and suppressing their views because they were losing out on advertising revenue. and that investigation led to the x lawsuit about this illegal collusion. 0k. so, if it's illegal collusion, then it's illegal, right? so they say! if a group o

elon musk�*s social media company, x, has accused the global alliance for responsible media are violatinges this group along with its members including companies like mars and unilever along with the world federation of advertisers colluded to suppress conservative voices and withhold billions of dollars in advertising revenue from the platform formally known as twitter. the ceo, who was hired in part because they strengthen dealing with advertisers in her previous job, announced the lawsuit. i will shop the evidence uncovered by the house judiciary committee a group of companies organised a systematic, illegal boycott against x. it is just wrong. and that is why we are taking action. ~ ., , and that is why we are taking action. a,, , . and that is why we are taking action. ~.,, , ., ., action. most social media companies _ action. most social media companies provide - action. most social media companies provide their. companies provide their services to users for free, relying on advertising dollars to be profitable. in its filing the company says in 2022, 90% of its revenue came from ad

tammy, the group, "global alliance for responsible media," says it is apolitical. >> tammy: in the world, lynn everybody you know things like you do, you are middle-of-the-road. you are just like everyone else. you are not political, because none of us hold positions that we think are wrong with it we think just aren't right for life. that this is just how things are. they don't think of other people. and of course politically that is how they have to present themselves, because now, as we know with x, they are filing an antitrust lawsuit because it was targeting x. >> emily: yes, and she's arguing that they lost billions of dollars. here's where it matters. as she talks about in the lawsuit, they are limiting choice for consumers, targeting certain companies, limiting that choice. let's bring it back to politics. what about election interference? if you can put it in this monetized fashion, if there is a ratio and some type of algorithm where you can say, by depleting this, we lost billions, then imagine the impact on election and political news coverage. this is in the form of a lawsui

. >>> the world federation of advertisers is discontinuing its global alliance for responsible media x filed an anti-trust lawsuit against it. in an email to members, the ceo said the organization will contest the allegations in the court and is confident of the outcome. >>> and david copperfield has been sued for allegedly destroying his new york city condo. the suit filed tuesday by the buildings board accuses him of causing over $2 million to the building. his representative said it was a simple insurance claim. "thexcng rur ehae"etns after this. we're going to disappear. we'll be right back. >> at university of maryland global campus, getting a bachelor's degree doesn't have to mean starting from scratch. here you can earn up to 90 undergraduate credits for relevant experience. what will your next success be? >>> welcome back. shares of interactive brokers are up nearly 40% this year. the brokerage has about 3 million accounts, of which over 2 million wrbelong to retail investors who can buy and sell forecast contracts on economic indicators, including gdp and the jobs report. th

it accuses the advertising groups initiative, called the global alliance for responsible media, of helpinguse in advertising after musk bought twitter for $44 billion. almost two years ago. >> a battle is brewing in mexico over avocados exported to the united states. this week, nonprofit organic consumers association sued two american producers fresh del monte and westpac avocado, both are based here in california. they are being accused of knowingly importing avocados from areas that were illegally deforested in mexico. the group says it also has evidence the avocado farms are also illegally pumping water from areas facing drought. us ambassador to mexico ken salazar says avocados sourced from illegal orchards should be blocked from the u.s. market. so far, neither the u.s. or mexico has done anything about it. 80% of mexico's avocado exports come to the u.s. now it's your morning money report. >> despite some improvement this year, the bay area's unemployment rate for june was higher than last year, according to the u.s. bureau of labor statistics. this year, the rate was over 4%, up fro

it accuses the advertising groups initiative, called the global alliance for responsible media, of helpingoordinate a pause in advertising after musk bought twitter for $44 billion. almost two years ago. >> waymo has officially taken its service beyond san francisco to the peninsula. now, as of today, people can catch a driverless taxi to daly city colma and broadmoor. the price will depend on how far the trip is, how long it takes and whether there is a huge demand at that particular moment. keep in mind waymo's vehicles are only allowed on surface streets, so you will not see them zipping down 101 or 280 anytime soon. riders will not be charged extra if their waymo reroutes to an in an unexpected way, but look for them on the peninsula all right. >> let's look at our weather. >> yeah. meteorologist sandhya patel is here as we hit midweek. sandhya. yeah. >> and we've got our summer spread today. >> it's going to continue tomorrow dan and ama, good evening to all of you. let's take a look at our temperatures right now. compared to 24 hours ago running 18 degrees warmer in fairfield, up fou

it accuses the advertising groups initiative called the global alliance for responsible media of helping to coordinate a pause in advertising after musk bought twitter for 44 billion dollars in late 2022. tiktok and its parent company byte dance are asking the u.s. court of appeals to reject department of justice. secret filings. >> in the case related to the potential ban of tiktok in this country. the app and its parent company claimed the doj wants court approval to file part of its brief and evidence in secret. the company says secret filings prevent it from defending itself properly. in the case the doj claims a range of national security concerns for the need for secrecy saying that china can manipulate information u.s. citizens can soon through the app. >> coming up amid scorching temps across the state, u.s. health human services secretary javier becerra is in california to meet directly to them. plus. s. his message >> federal investigators are trying to figure out how a door fell off of a boeing aircraft. i've been a subplot in washington. explain what we're learning from heari

the group sets a standard for advertisers called the global alliance for responsible media of which x is a signatory. but the social media platform says that set of rules violates american antitrust laws, laws that prohibit companies from working in concert. now, whether x is legally right or not, the effect is it's suing people for not advertising on their platform, musk said yesterday he's declaring war on advertisers a few months after he said this. don't advertise. you don't want them to advertise? no. what do you mean? if somebody's going to try to blackmail me with advertising, blackmailing me with money, go yourself. but go yourself. so x is suing advertisers for not advertising. and it's, you know, to the best way to delicately phrase it is most attorneys say that that will not work. yes they wouldn't use the same term that he just. yes. exactly that. most people say that wouldn't work. but yeah. all right. thanks, scott. you bet it is. 517 right now disney raising prices for its streaming plans starting in october, the monthly price for the ad supported and ad free version of

the lawsuit accuses the global alliance for responsible media of antitrust violations. to block billions of dollars of ad revenue over its concern about a change in brand safety standards since musk acquired the platform back in 202. >>> a score in the win column if you are a theater lover in the bay after orinda's california shakespeare theater faced a financial crisis. well, you stepped up in the community and saved the company from curtain call. that online fundraiser surpassed their goal of $350,000 so the show lo go on. this means the production of shakespeare's as you like it will happen september 12th. >>> time for a look at what's coming up later on "cbs mornings." here's vladimir duthiers. >> good morning, reed. coming up on "cbs mornings." the campaign is in full swing after kamala harris reveals her vice presidential pick. democratic representative alexandria ocasio-cortez will be here to tell us what she thinks of walz and plus how democrats are d ploying army ofinfluencers to win over younger voters. >>> also team usa continues to add to its medal count. ja

the group sets a standard for advertisers called the global alliance for responsible media, of which x is a signatory. but the social media platform says that set of rules violates antitrust law laws that prohibit companies from working together, whether x is legally right or not. the effect is it's suing people for not advertising on their platform. x owner musk said yesterday, quote, we tried peace for two years. now it's war. this is a few months after he told advertisers to do something. we had to bleep on television. musk often tells or says things that hurts the businesses he's trying to run a big european drug chain, a drugstore chain. just this morning said they'll stop buying teslas for their delivery cars because of musk's support for and it's really surprising. he's just so vocal. it's like he doesn't hear himself. well, yeah. you know, i think most people couldn't tell you who the president of gm is the ceo of g, nor what her political positions are. they just want to sell you a car, right? yeah. but he, he doesn't likes he likes to be in the center. yeah. all right. than

it accuses the advertising group's initiative, called the global alliance for responsible media, of helpingrdinate a pause in advertising after elon musk bought twitter for $44 billion almost two years ago. >> we're learning more about that mid-air scare earlier this year, when a door panel blew off of a plane. boeing in the spotlight again during a new hearing in washington. a man is at the live desk with this new insight. >> amanda kumasi crew members on that flight are revealing they thought passengers had been sucked out of the plane. the captain wasn't even aware there was a hole in the plane until after landing. the captain said they knew something was wrong, but they had, quote, no idea if it was a hole, a window or a main cabin door. transcripts from boeing employees questioned by investigators paint a hectic and disorganized picture of boeing and its supplier, spirit aerosystems. it describes planes on the factory floor with defects. >> one boeing employee, not a contractor, said planes come in up every day. planes come in up every day. every day. meaning you're you were at the tim

it what's called the global alliance for responsible media. and they basically said, look, we're shutting down because this is drained our finances. >> so can you talk about how he tries to go after his critics what i think it's not just his critics elon musk's output that the things he says sometimes quite bananas but he's very rational when it comes to protecting his business and his revenue streams. and he knows that he's made terrible economically terrible mistake by buying x $44 billion. it's losing billions a year. and he has to pay 1.5 billion a year, just in interest payments. so he's in real trouble there economically. the advertisers are all fleeing. so the first thing he did was sue the organization that's proving that toxic these increasing that was us now, he's literally suing the advertisers, saying how dare you leave my platform, you're all leaving on mass and in doing so, that is somehow a antitrust violation and really this is sort of an increasingly desperate attempt by a man. first of all, he's seen his critics. now he's sui

but the point is, this has to do with his global alliance for responsible media.ill. i don't know what that word means. it's basically an organisation. >> you were good with words earlier , weren't you? earlier, weren't you? >> it's basically an organisation of advertisers so they can say, listen. oh, you, twitter is twitter or x is bad. gb news is bad. that's why we're not advertising in it so that they don't have to make their own decisions. they don't have to call up. they don't have to call up the i used to sell advertising space for back to the story. yeah. so he basically said , hey, you know, i mean, the said, hey, you know, i mean, the fact is he's angry because he paid too much money from it. he comes from south africa where there's like, you know, freedom of the press is not quite as maybe it's better than here, but it's still not good. and he's angry. adam, we should be angry, too. >> adam. i'm just being sold a shill is something you use to quelch something . quelch something. >> yeah, i mean, i think he did declare war because he did say, now it's war

activity within the global alliance for responsible medium for a guard, and saying it has a near monopoly power over advertising dollars. >> any person that does not cite the mainstream medial deprive the good journalists to succeed, they will use their cartel to eliminate competition based on internal biases of the us and massive company is and they will deprive americans of the content that they actually want to consume. >> new york, new york, democrat jerry nadler is accusing him to undermine and threaten advertisers. speak of the committee's power has been used to bully and intimidate and impoverish any organization or company that dares to disagree with so-called conservative speech, speech of the many cases causes and spreads harm both online and off-line. >> a spokesman for the world federation of appetizers denies the collusion allegation saying "the decision where and when to advertise his always down to the individual advertiser and collaboration with their agency partners who are relevant. but a major conservative voice says the group's impact is devastating for conservative media outlets. >> it's members account for 90% about spending, and almost a trillion dol