we have seen companies -- snapchat went public and migrated from googled amazon. -- google to amazon.long as you can migrate, i don't think there is a risk. caroline: what about the regulatory viewpoint we are seeing from capitol hill on amazon and google? is there a risk of them being so intertwined with the rest of the tech ecosystem? >> possibly. on regulatory risk is something that has become a major investor issue across technology. we just posted a call earlier today with an antitrust expert to talk about the risk of these platforms. particularly google, but also amazon and facebook. i think the chances of these forced to divest assets is extremely unlikely. i think government regulators would be very low the two unwind that. i think it would be hard to do that. looking at fines or changes that are modest at the margins. one quick comment, on the presidential democratic debates. big tech did not come up at all. except for the one time it did was some concerns over whether amazon is paying its fair share of taxes. the issue of google or facebook, that didn't come up, and that is

and as threatened punitive trade measures against paris big technology companies like google amazon and facebook operating in france will soon be paying more tax france's senate has approved a 3 percent tax on tech companies doing business there the aim is to plug a taxation gap that allowed some internet heavyweights to avoid tax in countries where they make their profits and to book their income in low tax countries like ireland it's estimated the livy could net france $400000000.00 euros this year and 650000000 next year before the vote french finance minister spoke out against the growing power of big tech. start. we can all see the emergence of economic giants with monopolistic attributes who not only want to control a maximum amount of data and make money with this data but also to go further than that by in the absence of rules avoiding taxes and putting into place instruments that could tomorrow become a sovereign currency. the show keep away dumont home would have formed melissa one . but even before the legislation was through us president donald trump had ordered an inves

snapchat went public and migrated from googled amazon. as long as you can -- from google to amazon.long as you can shift there is not as much of a risk. what about the regulatory viewpoint we are seeing from capitol hill on amazon and google? of them being so intertwined with the rest of the tech ecosystem? >> possibly. regulatory risk is something that has become a major investor issue across technology. a call earlier today with an antitrust expert to talk about the risk of these platforms. i think the chances of these companies doing forced to divest assets is extremely unlikely. regulators --ment i think it would be hard to do that. changes thatnes or are modest at the margins. , on thek comment presidential democratic debates. all.ech did not come up at it was concerns over whether amazon is paying its fair share of taxes. the best political barometer isn't it does not come up in a presidential debate it probably does not matter. bloomberg paschi school of a potential deal with broadcom. analysts are divided over strategy ahead. ♪ >> at&t is considering to sell its regional spo

the power ofell -- google and amazon.angipos list the two giants as a competitor or risk to their business. bitcoin's rally starting to waver again. the price of the currency down double digits since friday. first to our top story. any victory for beijing, president trump said he would hold off on any further tariffs for now and would relax constraints on huawei. manyonstraints remain and say optimism is overdone as many try to figure out what form the relief will take. huawei is still on the list usually reserved for rogue regimes and affiliated companies. on sunday, white house national economic council director larry kudlow commented on the move. >> this is not a general amnesty. they will remain on the so-called entity list and national security concerns will remain paramount. caroline: for more, we are joined by sarah mcgregor and sophie elstrom. sarah, talk to us about the orails surrounding huawei the lack of details. was it expected? sarah: there were a lot of questions on whether huawei would even come up in the

mark, you focus on both amazon and google. from the blessing side of the equation, do you see it as a good element that they -- that these companies have so much riding on, whether it be financial or from that future revenue stream from these recent i.p.o.'s? >> i don't know, caroline. there's good and bad to that. the benefits of cloud computing is that it allows startup companies, companies that have eventually want to go public, or are going public to avoid a lot of infrastructure costs. you can treat all of your i.t. needs as variable costs rather than big fixed costs you don't need to buy and build up a very large i.t. department to scale up a business. that's been the magic behind a.w.s., amazon web services, also behind microsoft and google cloud. so in many ways what they're offering is a real benefit to these companies, but there's no doubt that in order to scale up on the internet, you probably are going to need to pay one of those three cloud providers. and if you're a consumer oriented service and you need to get c

both google and amazon have a significant hold in a number of companies that hit public market. out the we spoke interesting story. spent $90 million on google ads in a single year. those people went to an apple app store, download the, and when they opened it, google apps was powering the maps behind it. all of this was posted on amazon servers which has a $300 million contract with them. on top of it, google owns 5% of lyft and has a board seat. it is obvious that google and amazon are deep within the digital economy but when you look at these filings, you see how concretely they are the infrastructure behind how many of these companies work. who some ways, this is a curse. in some ways, this is a blessing and in some ways, a curse. mark, you focus on both amazon and google. from the blessing side, do you see it as a good element that these companies have so much riding on them, whether revenue or from their future revenue stream? mark: there is good and bad. the benefits of cloud computing is that it allows startup companies to avoid a lot of infrastructure costs. you can trea

google for. all of this was hosted on amazon servers using amazon web services. has a $300 million contract with them for the next three years to pay for that. on top of that, google owns 5% of lyft and has a board seat. it's obvious that google and amazon are very deep within this economy. when you look into the filings, you see how concretely they are kind of the infrastructure behind how these companies work. >> in some ways, it is a blessing and in some ways it is a curse. you focus on amazon and google, and from the blessings side of the equation do you see this as , a good element that these companies have so much riding on , whether it be financially but for future revenue streams from these ipos? >> i don't know, caroline. there is good and bad. the benefits of cloud computing is that it allows startup companies, companies that are want to go public eventually or are going public to avoid infrastructure cost. cost you can treat your i.t. needs as variable costs rather than big fixed costs. you don't need to build up a large i.t. department to scale up a b

going on here is that it will look like a direct attack on american large companies like google, like those amazonlike google, like those amazon and so forth, you do worry that this is going to start some kind of trade war because it does seem quite apparent that president trump isn't averse to putting up tariffs if he feels in any way a tax like that.” think that made the point of, do that and it will be tariff. there will be a price to pay. the other point being made by these european countries is that they would like to see a global approach, but it is proving desperately difficult, understandably, to get anywhere near one. global cooperation, anything like this especially if america is involved will be probable —— will be problematic. uk and france have gone it alone and they have said, companies that have got over a certain amount of revenue, globally, they are the ones they are targeting, they similarly are going to get two or 3% of the revenue associated with, in this case of france it is 3%, 2% and in that, as a lot of money. £400 million coming oui’ a lot of money. £400 million coming our

it didn‘t name any firms, but companies such as facebook, google, amazon, and apple are likely to comeelsius. the world meteorological organisation says the rising temperatures bear "the hallmark of climate change".

it hasn't named any firms, but companies such as facebook, google, amazon and apple are likely to comen is a tech reporter at reuters. good to talk to you. why particularly now? this is months after the trump administration first announced its growing concerns about the rising influence and size of us tech companies. critics on the left including elizabeth warren and other democrats say they should be broken up democrats say they should be broken up and critics on the right to say the companies are biased against conservatives and are too big. with all this pressure in washington, i think this is something many people wa nt to think this is something many people want to look at and especially in the wake of the plan $5 billion settle m e nt the wake of the plan $5 billion settlement on privacy allegations, this is just the settlement on privacy allegations, this isjust the beginning of another phase of strict scrutiny. google was already being investigated over anti—trust law. and last week, didn't the house judicial to committee have all four of the big players in? the house judiciary

amazon and google took the most heat. s side, the bigger issues are privacy related which are different from antitrust. in amazon, a lot of questions on whether it has a conflict of interest in running a platform and competing with some of the sellers on that platform. as well as how users sell its data and if it uses the data to disadvantage the sellers and advantage its own bottom line. i think amazon really is kind of at the forefront. and then google as well, with its dominance in search and the way it is using search, and the way it may be competing against, with its own services against other companies that have those same services and where those services come up in searches. emily: bloomberg's jennifer rie. much more to come. we will be all over the facebook libra hearing coming up in the house. that does it for this edition of "bloomberg technology." we are livestreaming on twitter as always. check us out @technology. follow our breaking news network, tictoc, on twitter. this is bloomberg. ♪ >> the following is a

google, apple, even amazon have been doing it a little bitng , and i think they're a little bit betterthink the libra just the timing of it, you know, now you'reng go geoive nefarious actors the ability to manipulate the next election with money they don't have to launder. you can seehe political engine getting under there that way. i think that's one of the reason facebook has sort of more scrutiny on it. >> now, we all know that these kinds of companies, you know, the companies that have been at the forefront of technology, cutting-edge technology for the last several years, have been leading this market higher. now they're getting this scrutiny from rishington. >>t. >> does that cap that growth do you think? >> well, i think every -- i think for facebook, i think it is built in or, you know, the light -- some sort of light regulation is built in. i think itns maybe even built a little bit for google as well, but perhaps not the more disastrous outcome for, say, example rewriting the 1996 communications decency act, which means both google and fallbook would act have to be responsibl

shares of google, amazon and facebook falling after the justice department open ed an antitrust review shares are popping after posting a smaller quarterly loss than expected. >>> and wall street on record watch. the dow, the s&p and nasdaq less than a half percent away from all-time highs we'll bring you results from at&t, boeing and caterpillar before the opening bell on this wednesday, july 24th, 2019 "squawk box" begins right now. ♪ >>> live from new york where business never sleeps, this is "squawk box. ♪ >>> good morning welcome to "squawk box" on cnbc. we're live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. let's look at the u.s. equity futures. you are seeing some weakness after the dow closed within ten points of an all-time high this morning there is some giveback as we await to hear from earnings and news from big tech dow futures now indicated down by 81 points s&p futures down by close to 10 points the nasdaq down by 36. looking at what happened overnight in asia, you'll see the nikkei was up by 0.4%. hang seng

apple,tax on google, amazon and facebook will place a 3% levy on companies with aa turnover of over 750 million euros a year. france pressed ahead with this after failing to win support for it at an eu level. it will have one more vote next week before it is signed into law. controversy over a flag on a pair of nike shoes. >> they were m meantoo independence day in the ununed statas. they i include thehe first flag. link that with slaverery. >> identity politics in the united states are trickling into business, with concrete consequences. after nike went through a -- withdrew a pair of sneakers, a onea's governor pulled million-dollar grant that was supposed t to help the company build a new factory. selling -- instead of celebrating history, they have bowed to the onslaught of political correctness. featuturedted edition a flag designed by betsy ross. painfulrs, it is a reminder of the country's legacy of slavery. distribution of the model. despite the decision to withdraw said it willmayor honor the commitment. counciloodyear city approved job creation agreements with nike. to bring m

the justice department didn't name any companies, but facebook, google, amazon and apple are likely toanging probe. it marks the latest scrutiny of the tech giants' power over the american economy. the company behind social media app snapchat says it added 13 million daily active users in the last quarter. snap inc beat analysts' estimates as it got a boost from a better version of its android app and the launch of new augmented reality photo lenses. shares of snapjumped 9% in after hours trading. we have many companies reporting their earnings this week and ford is one of them. ford will announce its latest earnings later, after showing a strong first—quarter on growing demand for its pickup trucks and suvs. ahead of that the carmaking giant has revealed details about its plans to develop an all—electric version of america's best selling vehicle — the f150 pickup. bbc business correspondent michelle fleury has more. ten double—decker train cars weighing over1 ten double—decker train cars weighing over 1 million ten double—decker train cars weighing over1 million pounds. being towed by

it comes amid public anger across the continent at tax avoidance by the likes of google, amazon and facebooko locate their eu headquarters in low—tax countries and pay virtually nothing elsewhere. but it has already threatened to spark new trade tensions, with the trump administration launching an investigation to see whether the move unfairly targets us firms. the plan, masterminded by french finance minister bruno de maire, is for a 3% digital services tax on all revenues rather than profits made in france. it will hit all companies with global revenues of more than $843 million. around 30 tech companies are likely to be affected, mostly from the us. the french finance ministry estimates that the tax will raise more than $500 million this year, with that figure rising in future years. france failed to persuade eu partners to impose a europe—wide tax in the face of opposition from low—tax countries, such as ireland, where many big tech firms have their eu bases. it's now pushing for an international deal with the 3a countries of the organisation for economic cooperation and development. ear

france decided to do it on its own by introducing a new tax on big tech companies, companies like google, amazonook. this new tax was masterminded by this man, the french finance minister and it is known as the 3% digital services tax. it will apply to technology companies with global revenue of more than $843 million but they also need french revenue of more than $28 million. they wrote the rules this way so that french companies are not affected and multinationals are specifically targeted. it will affect about 30 companies, mostly american and that is why president trump is unhappy. the french finance ministry says the tax will raise just over $550 million and as i said, europe wired —— it faced opposition from low tax company so france is now pushing for an international deal with countries from the 0ecd. that the us says additional tax will lead to high cost for consumers and with president trump ordering this investigation, this international plan will likely face more opposition. thank you so much for that update. right sharing applications have been hailed as a revolution for the transpo

the department ofjustice in the west and the eu are now on the case for all techs are amazon, apple, microsoft, google way. but there are two key issues. the first is, i think is unlikely the us is lucky to break these companies up because amazon, microsoft, apple, they provide the next generation of technology that is going to use the economy versus china. you mention the finder facebook, but that is a drop in the ocean compared to what amazon could be facing. with this your opinion trust probe that's going on the moment. judicially big tech companies like amazon, they have been fined billions of dollars and they have just shrugged it off. the ship rescues rising because they have 70 markets in which they are dominant. but the issue of regulation today is really, it's not controlled by specific market, but it's control of data. amazon, facebook, google, all these companies control our data, your data and my data. in theory, that belongs to us but these companies use it as belongs to them. if regulators really attack the data model, then this companies could be in trouble. as we have seen, they can sh

date out that belongs to you citizen such as facebook google. amazon they have to comply with certain requirements and the condition is that the way they will handle the data will be similar to the way data would be handled in the u. the difference is that in the us there are different laws that allow the us government to actually look into the courses that they think the way to be allowed to be done in the e.u. so even those contracts are found to be. unlawful. to be a company such as facebook google and amazon regularly process they could be launched new citizens will find themselves reaching into law. final 4 for this news i want to believe that sport should be above politics but in the tense relations between israel and the palestinians that noble sentiment seems to have fallen way by the wayside. i. heard. the. idea once again this is the 1st time that a whole team gets banned excluding 3 management personnel and a player which is with the news the practices of these radio patients regarding this i'd like to say that we increase and it will start

amazon. now, google and facebook are going to have to compete against retailers. am a believer in pinterest. they have not had a huge success story, but amazon might pave the path for them to get to this game in a more substantial and real way. emily: pinterest did have a pretty big ipo. if that is not success, i don't know what is. you are going to stick with me, brett, i know you need to get on some calls, so i will let you go. shares of tesla plunged thursday after the electric car posted a worse than expected loss and another major management change cast more doubts on itfuture. the co-founder is leaving the job. he has been with the company since before elon musk joined the board 15 years ago. coming up, alphabet shares advance in trading after sales and profit beat estimates. we are going to dig further into the highlights, listening to the call, we will bring you more headlines as we have them. this is bloomberg. google is having a bounce quarter that saul revenue top estimates. shares from its own online properties climbed 18% to more than 27 billion. last

the biggest, such as google, amazon, facebook and apple, will have to pay 3% on some of their sales inhey have global sales of over $840 million. across the channel, the uk also says it is planning to press ahead with a 2% tax on sales from april, but both countries have said they will ditch their tax if an international agreement can be reached. as you can see here, corporation tax rates vary across the g7. the aim of an agreement would be to get more tax out of companies who route their profits through low tax countries. some of the fiercest opposition is coming from the us, where trade representative robert lighthizer said he was concerned the french measure unfairly targets american companies, and opened an investigation that could lead to retaliatory tariffs. i'm nowjoined by stuart thomson, who is the head of public affairs at bdb pitmans. good morning stuart, good to see you. this row is really coming to a head, because france and the uk are pushing ahead with their own tax system pushing ahead with their own tax syste m o n pushing ahead with their own tax system on the big tec

thejustice department didn't know many companies, but facebook, google, amazon, and apple are likelyed in this wide—ranging probe. it marks the latest scrutiny of the tech giants' power over the american economy. in other news, nissan motors reported to cut thousands of jobs globally nissan motors reported to cut thousands ofjobs globally to improve its performance, according to the new service the car maker will more than double the a800 layoffs is announced in may. vaudevillain announces latest earnings later after showing a strong first quarter, growing demand for pickup trucks and sport utility vehicles. 0ut for pickup trucks and sport utility vehicles. out of that the car making giant has revealed details to develop an all electric version of the f1 50 develop an all electric version of the f150 pickup. michelle fleury has all the details. ten a double—decker train cars weighing over a million being towed bya weighing over a million being towed by a truck. but this is no regular pickup. it is for‘s electric f150. the goal to commence customers that switching away from a combusti

aaron: i will tell you, cloud reach was a first provider to amazon and google. ave expanded it to amazon in the last few quarters because there is such enormous demand for the services they are providing. i think this is only the beginning of an incredible boom that will continue. emily: are you saying the cloud is going to continue to grow and is not a zero sum game like amazon and microsoft? aaron: absolutely. every study tells us we are in the early weeks of a long game. microsoft is on the verge of becoming the corporate cloud. fresh off the last few days of their big employee and partner summit in vegas and cloud reach is a partner, but their big theme is trust. not just trust with partners but in the enterprise relationships they have, to expand those. which frankly is a differentiator from google and amazon. emily: that said, when you are the most valuable company in the world, and microsoft does have a -- more than a $1 trillion dollar market cap, you have a target on your back. what are the challenges? anurag: i think the macro concerns are the only thin

for companies will testify at today's hearing, google amazon facebook and apple. each have contributed immense breakthroughs and economic value to our country. they started on shoestring budgets, in dorm rooms and garages and a testament to our core values as a country. in an effort to promote or continue this economy congress and antitrust enforcers allowed them to regulate themselves with little oversight. as a result the internet has become an increasingly concentrated, less open, and hostile to innovation entrepreneurship. as was recently noted, there are only one or two significant layers in important digital spaces including internet search, social media networks, mobile and desktop operating systems and electronic sales. they can include nearly all the search market and 90% of searches are conducted via google platforms. google controls nearly half of online commerce. despite statements that it only captures a small percent of retail, the reality is that half of american families have a prime account from 35% three years ago. amazon's closest competitor, eb

representatives from amazon, apple, google, and facebook all on the defense. plus, netflix needs to get stranger. stocks plunge after a subscriber miss. investors bet on new seasons of shows like "stranger things." elon musk claims his new technology can redirect mind, announcing his latest startup has successfully implanting wires into brains and enabling a monkey to control the computer. the next goal, human trials. we begin with the hearings on capitol hill. facebook, amazon, apple, google all appearing in washington to answer lawmaker questions on antitrust, social media, and cryptocurrency. the first to be raked over the coals, facebook, as the senate banking committee fired searing questions at the cocreator of the social network's cryptocurrency project. >> we will take the time to get this right. wouldn't it be easier and safer if people could securely receive money transfers through their smartphones, just like they do for so many other things? that's what libra was about. emily: virginia democratic senator mark warner grilled the libra chief on tuesd

officials from google, apple and amazon will also be testifying the focus there will be on whether theompanies are stifling innovation and entrepreneurship these are two different hearings on two distinct issues but the common thread is that both sides of the aisle fear big he tech has gotten too powerful and washington is hunting for ways to rein them in >> ylan, it seems this has gone way beyond senator elizabeth warren talking about some of her ideas and how to regulate big tech this is much more of a thematic issue forlawmakers on both sides of the aisle how much of this is washington wants to regulate big tech more? >> there's a lot of angst on capitol hill now about this issue. there's not been a lot of action the reason is there's disagreement amongst republicans and democrats over how to move forward. i think the most likely area where you will see legislation is on the issue of privacy even there there's debate over preemption and whether federal law should take the place of state laws there's questions about what the role of the ftc should be. whether a new agency needs to be

google apple facebook amazon these multi billion dollar tech giants are the main targets of france's gas attacks. an initiative that to make digital comompanies with the e.. bases elsewhere usually in low taxx countries such as islands and luxembourg pay more on the money they make it from. the tax will apply to free percent of didigital turnover generated i in france defined by the french government'ss as earnings from digital platforms for user to user transactions such as ibm be on the amazon. and digital advertising services notably targeted ads sold by google and facebook any tech company with a global digital revenue of more than seven hundred and fifty million euros. of which at least twenty five million is generated in france will be subject to the tax not only the big four will be afaffected. around thirty companies m mostly american but also chinese german and b british will be paying up. as well as thehe french digital advertising platform could tell you the french government is hoping the tech tax will generate up to fifive hundred million euros by. twenty twenty paris de

it affects silicon valley tech companies like google, amazon and facebook. this year it should brings in more than $450 million, and $731 million next year. the u.s. is against the tax, and officials say they are launching an investigation into the legislation. the so-called french digital services tax would impose a 3% tack on the revenue tech companies make in francis. we're back with more news after the break. there's no such thing as a born winner. so start driving and don't stop. because no one takes off at the finish line. and the only way to get that trophy, is to take it. net generation. official youth tennis of the usta. >>> that shod there wonned day, because it was above the clouds. you can follow me on twitter. and instagram. >>> serena williams adding to her legend. this morning she won in the women's semifinals if you believe it she's playing in just her third toe tournaments this year. she will meet simone halep. >> i just want so say simone jalapeno. > >>> remember in "field of dreams" if you build it they will come. >> a diamond for his son,

liz: google, amazon and facebook grilled at an anti-trust hearing on whether google censors conservativeiewpoints. reporter: lawmakers want to know if these tech giants has any competition that forces these companies to fight over customers and users. amazon, facebook, apple, google. all in a rare move decided to hype up their rivals. trying to convince congress they have companies they battle for business with. google says they compete for searches with yelp, and travelocity. but some lawmakers weren't buying it. they said they offer a lot of different options and drive users to use their platform and it's integrated across multiple platforms. they think that puts them an unfair position. and they were asked about killer acquisitions. facebook says sometimes acquisitions don't work out. and they have only ended product for a sound business reason. they said they compete with brick and mortar stores. here is their explanation as to why. >> the notion that two products exactly the same do not compete with each other because one was ordered online and one was bought in a brick and mortar s

about the cloud and i think that's exactly what we have got to look at it is so much bigger than amazon and googleyou got to look at the momentum cloud, amazon cloud is the profit engine. it allows amazon to do all these things like one day shipping, groceries, expansion in india, so if that growth is slowing in the margins are getting tougher there, that could affect other parts of amazon's business and there are some trouble spots. we have international e-commerce, still losing half a billion dollars this quarter there are some worrying spots there. but clearly markets and investors, they're willing to give amazon this pass because as the cfo said on the call yesterday, they have been down this road before they have invested profit back into the company and it has certainly paid off making it the powerhouse. >> and to the larger point about the u.s. consumer, their unit growth in the u.s. accelerated and that is important and that also may be, again, you're seeing weakness in the stock price. that may be something that i think not -- i know it because i've talked to some of the investors this mo

they represent, the two of them, amazon and google represent 60% of products searched. on alone represents 50% of all e-commerce. liz: people are choosing them. tell me your biggest beef. where do you feel, because you just said these names sometimes restrict access or are not allowing the consumer to have access to certain things. give me an example. >> that's right. so when a consumer shops generally they are looking for some combination of the best price, best quality or best convenience for them. those aren't necessarily the criteria of amazon or google when they present results. so if the ideal product for individual consumers is placed on page 22 of the search results, that customer is not likely to find it. what shows up on page one, are more likely to be the results that are advantageous to google or amazon. we think that's a problem. liz: walmart has developed a dominant position online. they bought jet to compete with amazon and be careful what you wish for, right. at some point, might they be considered a behemoth that needs to be tamped down? >> i think if yo

representatives from amazon, apple, and google, all on the defense. plus, netflix needs to get stranger. stocks plunge after a subscriber dip. they need to bet on new shows like stranger things. elon musk announces his latest startup nuero link, successfully implanting wires into brains and enabling a monkey to control the computer. the next goal is human trials. we begin with the hearings on capitol hill. all appearing in washington to answer lawmaker questions on antitrust, social media, and cryptocurrency. the first was facebook as the banking committee fired searing questions at the cocreator of he cryptocurrency project. >> we will take the time to get this right. wouldnt it be easier and safer if people could securely receive money transfers, just like they do for so many other things? emily: the chief was grilled on tuesday. we caught up with the senator after the hearing. >> i think blockchain technology, even the possibly of cryptocurrencies, it has some positive upside, but i think we have to be careful. particularly when we are talking but

various governments have been talking for years about how amazon, facebook, google all of these companiesgh online sales and advertising and root their sales through low tax countries and don't pay taxes in countries and don't pay taxes in countries like the uk and france. there is a sense that they are messing over those countries and smaller retailers. it is an opening shot to try and sort out the problem. whether it will be how the ultimate solution will look remains to be seen. it could trigger a fresh trade war between europe and the us or at least that's the impression the white house wants to give france. yes. we know that the white house is capable of doing that. we've seen how they've treated huawei and how they've become a pawn in the us china trade war. the white houses more than capable of doing that. clearly there is more of a united front among the european nations particularly in the uk and france. the treasury secretary stephen mennie chin said recently that the t20 will try and push ahead to try and come up with a global a nswer to to try and come up with a global answer

but facebook, google, amazon are believed to be at the center of this inquiry. sam brock's been talking with digital privacy experts and joins us with more. >> reporter: janelle, raj, questions over the market dominance of these companies and the harmful consumer behavior that has come as a result have been on the lips of congress, the president and even the federal trade commission for a long time now. but it has been a long time, 20-plus years since the federal government has brought anti-trust action against a major tech company, that was microsoft in 1998. now today's announcement was brief, and no companies were specifically cited by

. >> big technology companies like google, amazon, and facebook operating in france will soon be payingore tax. france's senate has approved a 3% tax on tech companies doing business there. the aim is to plug a taxation gap that allowed some internet heavyweights to avoid tax in countries where they make their profits and to book their income in low tax countries like ireland. it's estimated the levy could net france 400 million euros this y year and 650 million nex year. before the vote, french finance ministster spoke out against th growing power of big tech. >> we can all see the emergence of economic giants with monopolistic attributes who not only want to control a maximum amount of data and make money with this data, but also to go further than that by, in the absence of rules, avoiding taxes and putting into place instruments that could tomorrow become a sovereign currency. >> but even before the legislation was through, u.s. president donald trump had ordered an investigation. the u.s. warned that if the law passed, it would activate section 3011 of the u.s. trade act. that auth

today announced the same kind of regulatory efforts you know all these type of moves a threat to google amazon the big tech giants well it's costing the money we know that much i mean the e.u. were perhaps the 1st to really get on top of google in terms of these things and over the past 2 years they find them 3 times to the tune of $9000000000.00 in total as you mentioned we've heard today from australia they're looking at google who have a 31 percent share of the market in digital advertising they're also looking at facebook to get a look into whether or not that i'm see competitive we've heard from the justice departments and the united states just last week saying that they're also going to be looking at sec competition issues within big tech firms and it just looks like the scrutiny is going to continue some the pichai the c.e.o. . we understand there will be scrutiny and we're going to engage constructively ok we'll see what that means if it weighs on profits in the future rob was did of your business thanks very much. well it's to britain now where european and european union leaders rat

but facebook, google, amazon are believed to be at the center of this inquiry. sam brock's been talking with digital privacy experts and joins us with more. >> reporter: janelle, raj, questions over the market dominance of these companies and the harmful consumer behavior that has come as a result have been on the lips of congress, the president and even the federal trade commission for a long time now. but it has been a long time, 20-plus years since the federal government has brought anti-trust action against a major tech company, that was microsoft in 1998. now today's doj announcement was brief, and no companies were specifically cited by name. but news out lets indicate facebook, google, apple and amazon are the companies being investigated. we spoke with a digital privacy rights think tank who believes that under the current model the cycle of competition has broken down. it used to be companies could be supplanted or weakened by upstarts, but now with the same names operating in the same spaces gathering mass apartments amounts of your dada. >> it keeps t

specific companies were not named but "the wall street journal" is reporting that facebook, google, amazon and apple are beingaryhe feds. the last time the doj filed antitrust charges was back in 1998 againstro >>> firefighters made quick work of a fire in the east bay this afternoon. this is a look from nbc bay area skyranger. it began just before 2:45 on dublin boulevard in livermore. it burned just off 580. before the fire was out, our traffic cameras caught the plumes of smoke in the air. the fire burned about three acres. no one was hurt. >>> we want to just y valley. containment also at 65%. and caltrans just announced tha canyon road willnine homes in tl in place. so far no buildings or homes have been damaged. this wildfire season a bit different this year, and that may be a good thing. been more n no shortage of spread out and firefighters say that's allowing them to use a strategy that's not normally possible. nbc bay area's damian trujillo is live on the scene of a recent fire to explain for us. damian? >> reporter: well, janelle, neighbors here tell me they had to pull a few we