brent: the eu poses a record penalty on google. the company is giving its own shop line -- shopping service and unfair advantage over its rivals. a major milestone for colombia. the countries rebels declare an end to half a century of war. they officially lay down their weapons. ♪ brent: i am brent goff. it is good to have you with us. tonight, a massive cyber attack is underway, disrupting businesses and government offices around the world. as you can see behind me, this ransom ware attack is spreading quickly. in just a few hours, this is where ransom ware hits have been confirmed. we are hearing that this malware is similar to the ransom ware that locked hundreds of thousands of computers in 150 countries last month. >> it was in ukraine where the latest hire attack was first noticed. at the airport, banks, and government institutions -- he screens all show the same message. oops, your important files are encrypted. if you want to recover them, send $300 in bitcoin to the followining address. >> we don't think this is a targeted

i was in it google contemplation makes more sense than google flu. because he would have no information about what's going on in the united states. then the noise of the google search data will still be kind of nill or close to nill. >> are the cdc people doing that? dino? and i'll people that have time on their hands they may be doing google constipation. i'm wondering if you might know? >> i think after the google flu thing came out there was a lot of excitement. they started doing things but the google flu everyone kind of lost a little bit. i think you lost a lot of momentum. >> i think one of the things that will be interesting as we go forward as i hinted in my last answer, the survey is becoming less and less expensive.at least on an entry ground level.everyone can conduct a survey. i'm going to be interested to see how google searches along with survey monkey searches, how all of this quote - big data or small data that is cheap can be used together to figure things that are going on. they think if we just have right now most of the surveys w

caroline: what can google to to rectify that can google do to rectify -- can google do to rectify theituation? they will come back within 60 days, and i think the right thing to do is to say, if we are preference thing our own systems at the top of google, then we have got to get some of that real estate to the other players. that is one of the things. google are facing much bigger implications here because this is a watershed moment. this is the first time that somebody, a big authority, has come out and said, google, you have broken the laws. your core values are not what you ultimately be. the do no evil, sanctity of your search is in question. totally in question. and you put profit ahead of what is good for consumers. to frankly, they are going have to change their business, not just in shopping, but in things like travel, local, news, maps. this is a potential decision that can impact right across the eu and the wider world. caroline: what about your own lawsuit quest mark -- lawsuit quest mark -- lawsuit? are you likely to get money back now and pursue that investigation now th

an the google flu thing -- when the google flu tom came out they staned dooring google dengue fever and it blew up and lost a lot of momentum. >> i think one of the thing that interesting as we go forward -- i kind of hinted in my last answer -- is that surveys becoming less and less expensive, at least on the entry ground level. everyone can have a survey monkey poll, and i'm going to be interested to see how the -- how google searches along the survey monkey searches -- how all this so-called big data is cheap or small data that is cheap can be used together to figure out what is going on. right now most of the surveys that we're conducting are telephone surveys and that is -- everyone is very expensive but as we get down and people are starting to form their own surveys, and it's not just an expert like you who understanding everything that is going on. that is where i think we could get very interesting things going on, happening, because at the end of the day what is most interesting is not just what we can fine once we determine what we want to find, but coming up with the questio

first of all, google, facebook, amazon are increasingly just super monopolies, especially google and facebook. the share of the markets they operate in is literally on the same scale that standard oil had 100 years or more than 100 years ago with the big differences that their reach is now global, not just within a single country. i'll give you a frame of reference. facebook's monthly user count is roughly equal to the scale of christianity globally and google's is roughly the size of islam. the difference is people are checking their smart phones 150 times a day. so they're actually people are far more engaged in these service thanksgiving they are in religion and when you by this that level of reach, obviously the opportunity to behave the way google abeing accused of behaving in europe, the temptation to do that overpowering that is the business model the reality is this fine is not large enough to change google's behavior the only thing it will change is regulation that's actually say can you or cannot do something the fines just aren't large enough to move the needle. and in the

was it 2015 when you said to google, you owe us?re you likely to get money back now and pursue that investigation now that the e.u. has ruled? richard: i can't talk specifically about the case, but i will say that it is following on from the e.u. decision and we , will definitely be pursuing that with a vengeance now that the decision has come through. we went to google and said, look, you have done wrong. this is some of the evidence. certainly, this is part of that. we will have our time in courts. we will not be the only ones, though. there will be a lot of other players out there who are going to go after google. caroline: i can't thank you enough for whisking yourself from brussels to join us tonight. richard stables. kelkoo ceo. emily, back to you in the studio. emily: we will talk later about how this affects google. i wanted to talk about alphabet shares falling to their lowest , level in six weeks. they have fallen in three of the last four trading sessions that , helped drag down the nasdaq, which fell more than 1.5% today

the european commission has fined google, more than £2 billion the european commission has fined google breaking competition laws. it says the company has abused its dominance as a search engine, by giving priority to its own shopping comparison service. google says it's considering an appeal. 0ur media editor amol rajan reports. they're the new masters of the universe. google's products have changed our lives forever but, today, the company was brought down to earth in the brussels headquarters of the european commission. after a seven—year investigation into google's business practices, commissioner margrethe vestager delivered a brutal verdict. google has abused its market dominance as a search engine by giving illegal advantages to another google product, its shopping comparison service. if you search google for something that you want to buy — say, for instance, my new cricket bat — several ads appear here at the top of the screen. these are clearly marked ‘sponsored' and are part of a service called google shopping. each time i click on one of the ads, the american tech giant earn

google is slapped with a record breaking fine.commission says it is breaking competition rules. early days, but it would seem a new cyber attack is under way. the target was ukraine, but the problem is now spreading across europe and into russia. airports, banks and power systems are being affected.

in google, essentially, the product is the consumer. not what google is really selling. so, i think what they're really trying to hit off in the european union is google using your data. your search personal data or any you enenttered into your device isn't used for other purposes. i think that's always been a dividing line for companies like google and apple, where they charge you more more for the device. >> tim, thank you so >> thank y for having me. >>> the president of the european central bank made some upbeat comments on that recent economy, saying the european economy is strengthening and that inflation is eventually coming. >>> now strengthening and growing recovery in the euro area. the deflationary forces, have been replaced. while there arw fac weighing on the path of inflation, at present, there are mainly temporary factors that typically, the central bank can look throus that word reflation that got the attention of the bond market in europe and here in the u.s. causing yields to move hire. >>> the international monetary fund is cutting its qulout look for

google is the dog or the one school and the people you're living your. book. bustling the dubrovnik engineers are all travel destinations so it must be nice to lives easier. crowds of tourists disrupt the city's economic and social life the reports on the celestial get out of the mood to listen to the traditional story. in the sudan as. a school bus on the beach while the city's trying desperately not to collapse. collects the profit of. its approval and probably a global new coffee cup the economy in the bushes up. to suppose it's immune to. what. is a tourist phobia fear into own identity. investors eyes were cast on london's royal academy today as federal reserve chair janet yellen gave a speech expected to spell out the near future interest rate hike and other monetary policy in the run up favored in part by an easing dollar gold helped held optimistically steady thanks largely to reforms of the banking system since the two thousand and eight financial crisis yellen does not believe that there will be another such crash in her lifetime as for hours she say

is well it's interesting i've got to ask you something else about google the all popular g.-mail not says it's not scanning your e-mails any longer what do you think about it such as a good faith move pressure from customers what do you think it is. listen do you think for a moment do you believe any of that do you truly believe that anything that you have let's go back again to the legal question being the lawyer who is the g. mail or the jail so to me like the google who goes e-mail who owns e-mail who owns it you're using their services and not only that before you start pointing your fingers have you ever looked at the terms and conditions you know anything to do i know what i do that on purpose they do it on purpose you know that you do if you do with the telecommunications act of one thousand nine hundred six alone a little separate but just what they're. women can do and the privacy that you don't have regarding just your own edid and not only that who owns your email for google what about your employer what about your service your service provider provider their days

straight session gains for oil but the uptick was short lived we'll tell you why also a record high find google is slapped with a multi-billion dollar fine for spewing user searches and say hacking agreement canada and china shake hands are not hacking each other stand by us starts right now. let's. a weaker dollar pushed oil prices up for a fourth consecutive session today it surged nearly two percent but oversupply kept those gains the organization of petroleum exporting countries and its partners have tried to reduce global crude glut with production cuts opec nations and the love in other exporters agreed in may to extend cuts of one point eight million barrels per day until march two thousand and eighteen russia is set to host an opec meeting next month when further cuts to production could be agreed upon but opec members nigeria and libya are exempt from the cuts and have pushed production on top of this u.s. production has risen about ten percent six since two thousand and sixteen it's now hit nine point four million barrels per day and u.s. oil rigs in operation have hit a three year hi

it said google had abused its market dominance. google now has 90 days to end the practice.e details from our technology correspondent, rory cellanjones. put the name of something you might want to buy into google‘s search engine and right at the top, up pops a helpful box with images of products. do it on a mobile phone and the images are even more prominent. every time you click on one of the adverts, the search giant aims money. it is called google shopping and now it has resulted in a record fine from europe's competition commissioner. google has abused its market dominance in its search engine by promoting its own shopping comparison service in its search results and demoting its competitors. google is under fire because of its sheer size for the pit accused of using its position as the dominant player in online search to squash rivals. a price competitive site is being squeezed by google shopping is celebrating today's move. without competition, google can charge merchants whatever they like for advertising. with competition, you end up with lots of people like ourselv

google has been secretive to members of the public.will be interesting to see how this conversation with shareholders goes today. anne makovec, kpix 5. >>> time now 6:56. it's time for your "final 5. >>> this morning president trump announced on twitter he will nominate christopher wray as the new fbi director wray a former assistant attorney general who was also new jersey governor chris christie's attorney. he is now in private practice. >>> in tehran 12 people have been killed and 42 wounded in attacks on the parliament. isis claims responsibility. >>> a fan of milo yiannopoulos filed a lawsuit against the board of regents and becker and others over civil rights and first amendment violations. >>> hayward is adopting a sanctuary policy for undocumented immigrants. the city council voted unanimously to approve the measure at last night's needing. that comes after a tweet posted by the city of hayward ahead of the meeting that drew some criticism that read don't miss tonight's council meeting, let's talk he could about it. the city la

it said google had abused its market dominance. google now has 90 days to end the practice.ore details from our technology correspondent rory cellanjones. but the name of something you might wa nt to but the name of something you might want to buy into google ‘s search engine and right at the top, up pops a helpful box with images of products. do it on a mobile phone and the images are even more prominent. every time you click on one of the adverts, the search giant aims money. it is called google shopping and now it has resulted in a record fine from europe's competition commissioner. google has abused its market dominance in its search engine by promoting its own shopping comparison service in its search results and demoting its competitors. google is underfire because of its sheer size for the pit accused of using its position as the dominant player in online search to squash rivals. a price competitive site is being squeezed by google shopping is celebrating today's move. without competition, google can charge merchants whatever they like for advertising. with competitio

shes found against google.marker and said, they have done some seriously bad things and that represents the size of the fine. this is a great day for consumers. we are going to get back a promise ofa we are going to get back a promise of a proper working, functioning market. while google was abusing its position in the words of the commission, what sort of impact was that having on kelkoo? devastating. we saw huge loss of traffic over the last ten years we've lost 95% of our traffic from google. i don't know one price comparison site that hasn't been massively smashed by google by their actions over the last ten years. was there anything that you found you could do during that you found you could do during that time to reverse that, to fight back against that? the problem is that as google is effectively the internet, 90% of people use google asa internet, 90% of people use google as a starting point for search, it's almost impossible for the likes of kelkoo to find other traffic sources. you can't afford to do

what you see when you google. >> google needs to work on being more transparent. they treated their algorithmic decision making as it's a secret sauce. >> reporter: google said it disagrees with the ruling and that its platform allows customers to find products quickly and easily. it will consider an appeal. a debate that could potentially transform what it really means to google it. jolene kent, nbc news, new york. >>> now to new developments in the deadly police shooting that made national headlines and was caught on a police dash cam. as one chicago officer awaits trial for fatally shooting 17-year-old la quaun mcdonald, 16 times in 2014, today three other officers were indicted in an alleged cover-up. that dash cam vish yo appears to show mcdonald holding a knife but walking away from police. >>> here in new york city today, chaos and panic underground as a subway hit a wall and derailed. dozens of people were injured, passengers had to be evacuated through smoke and darkness. the latest in a series of incidents in the largest subway system in the world plague

google has abused its market dominance as a search engine by giving illegal advantages to another googleice. if you search google for something that you want to buy — say, for instance, my new cricket bat — several ads appear here at the top of the screen. these are clearly marked ‘sponsored' and are part of a service called google shopping. each time i click on one of the ads, the american tech giant earns some money. but today, the european commission ruled that this prime real estate gives google an unfair advantage. kelkoo is one of the companies that brought the case. it says google needs to be reined in. it said, right, i'm going to take over this marketplace and i'm going to demote you all and put myself at the top of the listings. anti—competitive. they can't do that when they have a 90% share in general search. they use that power, and that's wrong. google said it respectfully disagreed with the decision and would take the 90 days granted by the commission to find a solution. 0ne former google insider says the company is being punished for its success. the reality is, google is

only eight days of revenue for google. deliver a plan to the eu and if they do not, they will take a hit on 5% of revenue. what this deal was about for the eu was that the eu continue to tackle google and the antitrust world. that will be the next step for the competition between the antitrust commission and google. laterl have more on that in this hour. we will be speaking with the competition commissioner at 9:30 eastern time. jonathan: thank you. let's get back to the imf report. we joke about the lowering the forecast, but not in the last year. 2017 the growth forecast cut to 2.1%. 2018 more aggressive to 2.1% from 2.5% previously. some advice for the federal reserve, the fed cannot and should not gradually raise interest rates but must accept a temporary inflation overshoot. david: and this is specific of donald trump's projection of 3.0 growth. they are saying it is going to be 2.1 both ears, so as far as -- both years. jonathan: let's bring in a guest. let's get into it, we theyabout the imf, but have been more cons

what next for google? online giant is given 90 days to get its house in order after being hit with a record fine. glad you could join us. it is said in the morning here in singapore, and 1am in london, where a huge cyber attack is continuing to spread around the world. the virus is freezing computer systems and demanding that a ransom is paid. it began in ukraine has already hit global companies including the british advertising agency wpp, russia's biggest oil producer rosneft and the american pharmaceutical company merck. our security correspondent, gordon corera reports. a cyber attack is sweeping across the globe, taking systems off—line. another reminder of the risks we face in our connected world. the first signs came in ukraine. systems went down this morning. some people tried to take money out of bank machines, found they couldn't. even the radiation monitoring system at the chernobyl nuclear plant was briefly taken offline. the scale was enormous. we had the virus spread, cyber virus on the trans

say you want to google running shoes. google shopping results would show up first. the eu analyzed 1.7 billion search results and found on average competitors were pushed down to the fourth page. >> so what the consumer wasn't knowing is maybe you weren't getting the best price. the europeans are saying to google, you have got to find a way to make sure that when somebody searches, it's not just your stuff that shows up first. >> reporter: google dominates nearly 80% of online searches worldwide. this decision could prompt u.s. regulators to go after google, too, potentially forcing the internet giant to alter its algorithm that determines what you see when you google. >> google needs to work on being more transparent. they treated their algorithmic decision making as it's a secret sauce. >> reporter: google said it disagrees with the ruling and that its platform allows customers to find products quickly and easily. it will consider an appeal. a debate that could potentially transform what it really means to google it. jolene kent, nbc news, new york. >>> now to new

for google, this has been seven years.eing under investigation is not fun and you have to look over your shoulder. it's not just the money but the stress involved. the fact that you have to change or service and change what you are showing to your consumer. reputation only it is not great. there's a lot of interest in this case and a lot of people have strong feelings about google. this is something that does not end with one fine and goes on and on. vonnie: his is the only investigation that google faces or are there more outstanding? caroline: more outstanding. there are not one but two more ongoing. one is in to android, the operating system that google offers rival manufacturers. there's an investigation as to whether they have forced them to have google search engine on mobile or have their maps already loaded. , that is the adsense advertising offering that google has. what's interesting is that we could see yet more lawsuits coming thick and fast here. we have had rival companies for years looking at google, wanting

facebook and google. platforms to allocate my ad dollars. that's not a good structure. what we are seeing is, of the incremental ad dollars, google and facebook are taking just about everything. it's really a challenge for some of the smaller platforms. think twitter, snapchat. having 200 million, 300 million, 400 million users on your platform these days just is not enough when you take a look at google and facebook, each of facebook's platforms is at or above one billion users. when you think about facebook and instagram and message, it is a tremendous reach vehicle. what we are seeing is these big platforms like google and facebook are really starting to target television advertisers, because that's where the money is. emily: something else that meeker called out is that the measurement of the impact of online ad is still very much lacking, also the placement of ads is sometimes rather suspect. they might pop up next to offensive content. what do you make of some of these potential headwinds? paul s.:

google has abused its market dominance as a search engine by giving illegal advantages to another googlef you search google for something that you want to buy — say, for instance, my new cricket bat — several ads appear here at the top of the screen. these are clearly marked ‘sponsored' and are part of a service called google shopping. each time i click on one of the ads, the american tech giant earns some money. but today, the european commission ruled that this prime real estate gives google an unfair advantage. kelkoo is one of the companies that brought the case. it says google needs to be reined in. it said, right, i'm going to take over this marketplace and i'm going to demote you all and put myself at the top of the listings. anti—competitive. they can't do that when they have a 90% share in general search. they use that power, and that's wrong. google said it respectfully disagreed with the decision and would take the 90 days granted by the commission to find a solution. 0ne former google insider says the company is being punished for its success. the reality is, google is all ab

google investors are really pressing shareholders today to put google's feet to the fire you might say comes to these allegations about the gender pay gap. a, if there is one and, b, what they are possibly going to do about it. now, earlier this year, the department of justice sent out a pretty stark statement or at least one representative from the department of justice saying that there was a systemic compensation disparity against women at google. the government sued google back in january demanding statistics on employee compensation. federal contractors are required to comply with federal civil rights laws. the government says google was selected randomly for an audit and refused to hand over data despite repeated requests which lawyers say is a really risky move. >> they run the risk of losing all federal contracts a significant punishments. >> reporter: in a statement, google says: >> reporter: we'll see what happens at the shareholders meeting for google's parent company, alphabet, today. live in mountain view, anne makevoc, kpix 5. >>> 5:31. another check on weather. brian enj

she said google does not reply that if google do not comply, the commission could impose hefty finesf 5% of average turnover, dating to when that noncompliance began, according to her analysis. she also said she would be publishing this as soon as she had an agreement with google and third parties. it is not the first fine that she has imposed. delano: meabh mcmahon, thank you for joining us. wheremoving to the u.k. the hot weather in june has actually boosted grocery sales. .tephen: ice cream researchers say the major retailers saw a revenue jumped by 4% compared to last june. the biggest rise in four years. it was the sale of handheld ice cream, they were up by 24%. this is the u.k. experience of the hottest june in 41 years. teach was another popular seller. many people planning techniques. delano: now, finally, a classic gaming console is on its way back. stephen: this is the super nintendo. this console is getting a revival some 27 years after it first appeared on the market. the classic edition of the console will be available for just three months from the end of september. it

engine, they say they will google. to the south china morning post, beijing is apparently not ready to resettle middle east refugees. although china says it will step up economically, do you think this shows that china would still play a much larger role on the world stage and it has already shown it does but the fact that china has been questioned about this perhaps shows it is changing? it comes from a discussion on the intranet within china about what they should be doing. i think it shows china is definitely wanting to play a role but also wants to maybe alleviate what it will do or won't do it certainly give economic aid but maybe doesn't want to go the final step of receiving refugees. the other thing is they don't want to get involved in other countries internal disputes, as they put it. so they want to play a role and i think one of the ministers went to live and on this weekend... a quarter of ii on's population is made of refugees. and they will provide economic support so it show the world that china wants t

google has abused its market dominance as a search engine by giving illegal advantages to another googlervice. if you search google for something that you want to buy — say, for instance, my new cricket bat — several ads appear here at the top of the screen. these are clearly marked ‘sponsored' and are part of a service called google shopping. each time i click on one of the ads, the american tech giant earns some money. but today, the european commission ruled that this prime real estate gives google an unfair advantage. kelkoo is one of the companies that brought the case. it says google needs to be reined in. it said, right, i'm going to take over this marketplace and i'm going to demote you all and put myself at the top of the listings. anti—competitive. they can't do that when they have a 90% share in general search. they use that power, and that's wrong. google said it respectfully disagreed with the decision and would take the 90 days granted by the commission to find a solution. 0ne former google insider says the company is being punished for its success. the reality is, google i

google is a global giant.nary access to our personal information and our consumer habits. and the european commission believes the company is rigging online shopping searches by promoting its own shopping comparison service. rory cellan—jones has the story. it's the giant which dominates online search, and now it's been hit with a record fine, over £2 billion, after rivals claimed that google had trampled on their business. the fine was imposed by europe's competition commissioner, gaining a reputation for taking an powerful american technology firms. google has abused its market dominance as a search engine by giving illegal advantages to other google products, its shopping comparison service. the charges that it uses search engine might to favour its own shopping services above rivals. let's put toaster into the box. right at the top appears the google box with a series of adverts. if i click on these, google earns money. what you are not seeing prominently — in fact, way down, out of sight — are rival price

billion the eu saying google abused its search engine.irst of three sets of antitrust charges the eu has filed against google. the company can appeal the decision this decision was, of course, expected we are awaiting the size of the fine, which ended up being bigger than analysts forecast. people expecting 1 billion euros, it's 2$2.4 billion euros or 2$2.7 billion >>> u.s. futures at this hour, kind of mixed picture as it was yesterday. the nasdaq down about a third of a percent. the other two flat today just about red across the board. joining us is rich clarett from pimco. thanks for joining us. i suppose tech continues to be the focus whether an rupp day or down day, tech is leading the market >> that's right. i think we're in a bit of a goldilocks market. when we get good economic data, the stock market is up the vix sat a low level as well. it's an interesting period >> with this decision just breaking on the eu fining google, i know this was a long time in the works. are increased antitrust fines between countries and companies of

to google shopping we find that google, being so dominant in general internet search, they've used thisand to demote rivals you find rivals in page four on average if you're on desktop but you always find the google shopping unit just in front of you where we know that most clicks will take place and that is an abuse it is illegal on the european anti-trust laws. >> well, google might argue it has loads of competitors, in fact, bigger competitors like amazon and ebay when it comes to shopping so it's doing what it needs to do to improve the quality of its own shopping service services. >> we have been looking very thoroughly into this claim that google shopping is in fierce competition with amazon and ebay and etsy and the likes what we find is that these are two different things on amazon, you find retailers who want touse amazon as part of their service those you don't find to the same degree on google shopping. you find the bigger brands, those who want to have the customer relationship themselves, the data, the payment details, your search pattern. these are two different things we'

"google" under fire from the european union, over its "google" under fire from the european union, over its search engine. the simple act.. that will cost the company billions! coming up. thr today: mostly sunny. low humidity. very nice! highs: 79-84 winds: nw to sw 5-10 mph tonight: mainly clear and comfortable. lows: 58-66 winds: s 5 mph thursday: partly cloudy. hotter and a touch more humid. stray pm t-shower. highs: 88-91 winds: sw 10-15 g 20 mph coming up-- a new york train riders to run flee into dark subway tunnels. what investigators say caused the terrifying train ride. procedure has met opposition fueled by political correctness. here's what's happening behind the headlines. according to the centers for disease control estimates , more than half a million young women and girls living in the u.s. are at risk of female genital mutilation. the procedure is practiced in many african and middle eastern countries. globally, 3 million young girls have the procedure forced on them each year. refugees have imported the practice to the u.s. earlier this year, it was families took their

google is so good everybody uses it by default which means google has a responsibility to treat results fairly, not stick its own services above everybody else's. the google fine was not unexpected though the size of it was. we'll keep an eye on alphabet, google's parent company. monday another day without much movement on the stock market. janet yellen talks about the global economy today. speaking of janet yellen, she says the plunge and the cost of cell phone service has fallen so far it's actually pulled down inflation. the price of cell phone service is around 12% lower compared to last year. check your cell phone bill. if you're not paying less than last year, you should talk to your carrier. amazon will start selling its echo show tomorrow, with a screen. brian chen over at the "new york times" says he's been using it the past couple of weeks. says it's not that much different than using a tablet. so if you have an ipad you probably don't need an amazon he can owe show. and finally an interesting development in automated cars. google has made a deal with ato use their fleet servi

i think google and verizon did a proposal together in that docket, and i think google got a lot of blowback from the left groups that were arguing for different rules, and i think they pretty much disengaged in that fight. but we have been very, very supportive of rules. i think, you know, in -- with respect to congresswoman blackburn's privacy bill, i think they've articulated that they do not like the standard. to me, that's less important than the equal treatment and one regulator approach. those are the things that are important to us. and, look, i think in any debate it's always better to be arguing about how you're going to regulate some other person than you are fighting the regulation yourself. and i think that every hour that they spend arguing about regulating someone else is an hour that they're not spending fighting off the regulation themself. i think that's starting to turn in terms of this town. and i think they're going to be a little bit more defensive. when it comes to these issues, i think we have more in common than not in common. >> host: you mentioned earlier about the

and they are amazon, google, apple, facebook and microsoft. so there are a lot of people who read my columns would never go to "the verge" order "recode" website. i am both of those websites which have common ownership. the column runs they are. it is on the home page. 10 years ago, we would have talked about the home page and all the archers thinking about how, what plays are on the home page. there's still some of that going on. large numbers of people who read my column read on facebook or they read it on apple news where they read it by searching on google or a pasta. our technical teams, thank god for that, by the way, our product teams have figured out a way of following the specs published by apple and google and facebook to make our columns workfare and make them load quickly and appear nicely. that is just one small example. facebook is a media company. it is a publisher of video. it's a publisher of audio. it is a publisher of text. as i said, people may not even go to the "the verge" and read my column. they read it on facebook. app

let's start with google.ies? well, the europeans aren't really saying that. they're focussing on the competition related issues, but google have already said that. this is political. and no doubt you're going to have somebody like donald trump tweeting later on saying that it is political, but going forward, this is a big issue for google. yes, 2.4 billion is a huge fine k but for google, it is tiny. the bigger issue for them is the earnings that they're going to lose out on going forward. this practise was highly profitable for them, so they are going to have to find another way of monetising the services. it does open up some potential cases amongst consumers who feel that they may have been short changed by the practise and some of their rivals maybe looking at some form of litigation going forward. what do you mean civil action against google? potentially civil action or damages going forward and that could be protracted and it will involve a lot of legal costs with google's assets, it's big, but it doesn

. >>> tomorrow in san jose a key vote that could reshape downtown by bringing a massive google campus to town. tonight kpix5's mark sayre has a look at what's at stake. >> reporter: at first glance you would not think the san jose fire department's training center would be part of a deal with google, but the facility sits on prime land right next to san jose's deradon station and that's a big part of why google is looking to spanned to downtown san jose. >> we would -- expand to downtown san jose. >> we would love to have google in our community. >> reporter: the station already has amtrak, caltrans and commuter express lanes and in the future home to b.a.r.t. and the california high speed rail, some saying it could become the grand central station of the west. google has already been buying up noncity owned property in the area such as this now shuttered at&t building. the google complex could bring 20,000 jobs downtown with a mix of office, retail space and housing, but not everyone is convinced this is a good deal for the city and a coalition of groups went to city hall to express

. >>> a plan to build a new google campus in the south bay has passed its first public test. the city council agreed to negotiate with google to sell 16 city owned parcels for the project. the san jose development director calls the project they once in a century economic opportunity for the downtown area. housing advocates are concerned about the projects impact on the community. marie naylor has details from san jose city hall. >>> sky fox two shows the area in san jose google is i just out -- just south of the sap center , it could be out with the old and in with google . the mayor says about five years ago he pitched google on a transit oriented campus but says more serious discussions started about a year ago. >> at the time we couldn't talk much about it because of the enormous hurdles they faced around gaining the parcels from property owners. everyone had to be secretive about their intentions if this was going to work at all. >> reporter: google wants between the six main dollars and -- 6 million and 8 million square feet of office space . the city says google or ano

google makes it possible for android and it has its own way of doing that. if you are on netflix which we all know is very successful, and it's doing entertainment you are dependent on servers run by amazon and google. i'm guessing, i will doublecheck that but it's probable that at the very least you are certainly dependent on google's part form, android, apple's two platforms ios and macroas and microsoft platforms windows and windows -- because people can't reach netflix through those pot farms there is no netflix to see movies. you will get our roku but even roku servers probably depends on one of these guys some way, somehow so we haven't oligopoly. i'm not saying they are conspiring with each other. they compete with each other. in some cases they cooperate but we haven't oligopoly. >> host: you seem to lament that a little bit and what it has meant to some of the smaller companies. >> guest: i do. i think they are each of them in their own right a great company and we talked about it earlier. i mean i know the people that run these companies and i know

una empresa de bienes raÍces de google ya ha invertido. >> google va a hacer un gran impacto en nuestra y dice que es prematuro hablar dde ayudar a comercios desplazados sin que se oficializa el proyecto de google. >> ahorita no, ahorita no tenemos un plan. vamos a tener. jaime: el concejal dice que amerita que maduren los planes de google, y podrÁn contemplar las alternativas para cualquier negocio desplazado. marÍa: todo el mundo estÁ listo para ver a los warriors terminar la hazaÑa y coronarse campeones de la nba. una persona pago en internet 133.000 $ por un par de boletos en primera fila en el estadio, para ver este quinto partido. javier nos trae un adelanto de lo que se espera para esta final. javier: ya estamos listos, para irnos directamente a donde serÁ una autÉntica fiesta. recordemos que los primeros dos partidos o fueron una aplanadora, con un kevin durÁn brillando, y candidato, sin duda alguna, para ganar su primer anillo campeÓn de la nba. el equipo de los warriors, que se llevÓ un trago amargo en cleveland, y ahora los fantasmas del tres a uno estÁn rondando la cabeza de

that is the example of the google cases.ink google is misusing its own position to promote itself and stay where they are and not allow others to compete with them in a fair way. that is when we were speaking to the european competition commissioner. nots also notable that is just u.s. tech they get to, german tech makers got a big fine last year. hyde in london for us. we will stay posted is that comes out. from april continues cyberattacks at the u.k. parliament. 90 lawmakers were compromised in what was called a sustained a determined hack. a council be suspended until they change their passwords and put in a multifactor identification process. u.k. government officials were being sold on a russian hacker four. president trump's meeting with the indian prime minister. when that meeting is over, they will give alive news conference in the rose garden. we will bring it to you live. this is bloomberg. ♪ >> you're watching "bloomberg technology." let's start with a check of your first word news. union with forged a a democrat

what google has done is a legal under eu anti—trust rules.e on the merits and to innovate and most importantly, it has denied european consumers the benefits of competition, genuine choice and innovation. the competition commissioner there. google says it disagrees with the commissions's findings and is considering an appeal. it issued the following statement: the bank of england has warned that consumer borrowing on credit cards, loans and car finance has grown rapidly. that's why it's telling banks to build up their cash reserves in case people start defaulting on those loans. affordability test are also going to get tougher. here's what one economist had to say. what this basically means is that there should be more consideration in the process of applying for a loa n in the process of applying for a loan oran in the process of applying for a loan or an extended loan from the consumer and the lender side. this meaning a slowdown, this may mean an increased process and bureaucracy and checks being involved. it may make it tougher but it sho

google's current head quarters is the former headquarters of the fbi. facebook's headquarters was u.s. microsystems. the lessons of sun's fall has not been lost on facebook. which is left sun's sign on visible class doors as a reminder of employees. >> i like the reference, but -- >> you caught that, you're the first to catch that. >> there are still sun logos, and you assume that is because they want to remind them. >> yes, what happened in the past, past prologue. but it is just a remind near there are other companies like excited home, remember when they emerged, by the ampex sign that was up there. these things happen and you know, it is a remind near they use their market value and cash to decide we're going to build on to our greatness. you mentioned the sears tower as well, too. sometimes it doesn't pan out. sometimes it signals a turning point or an inflection point in their history. >> and in san francisco you're seeing the same thing. it is phenomenal, right? we never managed the sears tower would not be the sears tower, but some day the sales

google has abused its market dominance as a search engine giving illegal advantages to other google productsrges that it uses search engine might to favour its own shopping services. let's put toaster into the box. right at the top appears the google box with a series of adverts. if i click on these, google earns money. what you are not seeing, way down, out of sight, a rival price comparison sites. they are not getting the clicks and not earning the money. 0ne getting the clicks and not earning the money. one of those rivals says that today's fine is good news for shoppers. without competition, google can charge merchants what they like for advertising. with competition, you end up with lots of companies competing on prices which brings the price down. google says big rivals like amazon provide plenty of competition when it comes to choosing products and brussels doesn't understand the modern consumer. the search firm said... get your products on google, other sites... there is concern at what firms see as interference. they say consumers won't benefit. if you are so consumers won't benefit