google. >> host: what is the solution? >> guest: the solution is the blockchain. dissolution of the cloud, dissolution of the walled gardens of apple and amazon and google and facebook and ten sent and ali baba and around the world, the iranians, the chinese communist rulers, whatever. they all have their own internet now, and that model of the internet is not sustainable. so we need a new internet, which once again in the house the individual with control -- endows the individual with control over their own truths and their own assets, their own content. and that is accomplished through this cryptographic revolution that was initiated by bitcoin, some ideas from life after google. >> host: you talk about this but the internet is kind of a benign thing and it's the way we use it, isn't it? it's not really hurting us. >> guest: i think the internet is completely benign when it was used chiefly for e-mail and communications among academics and bulletin boards and newsgroups. you know, the initial usages of the distributed free internet or benign, but as soon as the internet became the center of the world's transactional economy will,

higher taxes for the large tech companies because everyone knows that those companies facebook google apple et cetera are not really paying a lot of income tax on. they're huge incomes they have developed a sort of expertise in finding the best tax legislation of course in places where income taxes are very low places like ireland for example or luxembourg that's why it's really not the only country. italy has come up with the idea of taxing the revenue the sales of such large corporations but this would likely break international agreements about how corporate income is taxed and that's why the european union wants a common approach and some of the italians are saying we'll do it alone it's a joint effort doesn't come to pass by the end of this year how likely is it that we'll see common e.u. legislation. it's very unlikely because the position between the different member states of the european union two divergent you mentioned that some of the countries are concerned about potential retaliation from the united states then of course there is luxembourg and luxembourg and ireland those two

know always get data but in years on the go just download our app from google play all from the google apple still that'll give you access to all the latest news and information around the world as well as push notifications for any breaking news you can also use the dean of new app to send us photos and videos. you're watching t.v. news back at the top of the hour and. we make up we want tons of it and. we are some of. the ones to shape the continents future to be part of and join. us they share their stories their dreams and their challenges the seventy seven percent plus first.

in years on the go just download our app from google play all from the google apple still that'll give you access to all the latest news and information around the world as well as push notifications for any breaking news you can also use the date of a new app to send us photos and videos. you're watching take over the news back at the top of the hour thanks to. the food. we make up oh but we want tons of ice because the under that she types we are the sum of some offices. they want to shape the continent's future it's hard to enjoy youngsters because they share their stories their dreams and their challenges of the seventy seven percent platform for africa charting. climate change. waste. pollution. isn't it time for good. eco africa people and projects that are changing the environment for the better it's up to us to make a difference he could go. w. . this week saw british prime minister theresa may struggling to push through her transitional bricks that deal. after narrowly persuading her cabinet to back the hard fought agreement she took the issue to parliament on thursday last we

conference where chancellor merkel actually lamented the fact that germany didn't have a homegrown google apple facebook or something like that but if you and they say she said it was actually part of the german business culture that encourages kind of start ups but really i also think digitalisation is playing a huge role because you know if you don't give those type of companies like the sandbox they need to play and develop their never even develop on their own so really if germany wants their own tech giant if they want a homegrown google or facebook they really need to give them the tools they need to succeed and part of that is five g. technology of the internet of things of course. this technology to work thank you very much. and that's it for me on the business team member len thank you very much for watching. oh and. kick off. was. ours was. the best place for. the best goal. to win this league highlights. next. up electricity. the combined heat and power unit generates two hundred fuji walks and . uses of the electric generator to convert into electricity. the would play nice stuff ca

microsoft, asmusen ob google apple. do you stick with the maga trade? i mean, the father of the maga trade. >> as the father of the maga trade we actually had hats made. we wanted to be in with this we have hats for all of you guys chris with cnbc hooked this up. >> thank you. >> i'm not messing up my hair right now but i will put ton later. >> here is the thing about the maga trade i don't think this is trump's market anymore it's this market, in maga. at the end of the day, look at the performance we saw today, the outperformance we had, microsoft up 3 process.54% apple up 3%. kbogle up 3.5% and amazon up 7% almost. i think the direction of the market from here on out is this maga very little to do with the president appear the white house has to do. >> cool hats, thank you very much. >> thank kristen. >> these are driving the market. >> yes. >> but i'm unclear whether you are positive or negative on tahoe. >> i do think this. >> you go back and forth. >> i think the pullback was necessary. there was too much sentiment in the fourplace names. they mad

what's your take on google and apple so same with ample right i mean we're not getting away from apple what do you think then you know. yes i mean i do agree on the fact that no we're not getting away from apple apple's still going to be there google's still going to be there but the fact of the matter is that our thing stocks have been market leaders and they have led. market higher most of the year at this point fang is down more than the rest of the s. and p's and all of them are down twenty five twenty percent or more which is very significant and they are leading the market lower whether we want to believe that or not so while i do think that apple's going to be around google's going to be around they're in a down trend and at this point it would take something really significant to reverse that downtrend so i am actually looking to trade google lower into about the nine seventy nine eighty range and i think that's going to take the nasdaq with it all very interesting nine seventy nine eighty lonely facebook the one that did is leggin

conference where chancellor merkel actually lamented the fact that germany didn't have a homegrown google apple facebook or something like that but if you and they say she said it was actually part of the german business culture that encourages kind of start ups but really i also think digitalisation is playing a huge role because you know if you don't give those type of companies like the sandbox they need to play and develop their never even the fell upon their own so really if germany wants their own tech giant if they want a homegrown google or facebook they really need to give them the tools they need to succeed and part of that is five g. technology so the internet of things of course. needs this technology to work thank you very much. general motors plans to layoff up to fourteen thousand factory and white collar workers in the u.s. and canada and put five plants up for possible closure that means fifteen percent of g.m.'s and tile workforce affected by these plans the comic owning iconic brands like chevrolet and cadillac say says it wants to focus more on autonomy as electric vehicles

the microsoft, google apple, amazen >> where is your hat. >> don't worry about it pal. apple and amazon sold off for fundamental reasons for the first time in a long time. they had a disproportion knit amount of the broad market gained why are they nailed on a day like today it's a source of funds. what do you sell in fwchlt m are you selling the. >> absolutely they just reported great numbers. the trading at 6 times. >> he is making a point you take your profits where you have. >> we got earnings from a lot. >> but trading this up and down what do you do. >> the difference this time you had a fundamental reason to sell the stocks you have not had a fundamental reason to sell those stocks for years. now do >> i sold 25 of gm you have to be tactic zblool that's what i'm saying 2009 is not likely the maga. >> isn't it amazing when we heard from the fed back in october to the beginning of the starting the thing this again in the minutes october 17th heard from the fed yesterday they've been the catalyst for every soleoff we have seen since october. >> i grow. >> surprise.

should help europe's increasingly digital first consumers do cross who would have business all google appleand company who may have been the first c. marketed at the tip system is tied directly to central bank funds meaning in theory of the much faster than current systems but as with all digital projects the actual results may vary. cyber criminals have attacked the world's largest hotel group mariage the company says that the personal data of up to half a billion guests may have been compromised in a hurry on the starwood reservation database for the large majority of those people stolen data include some combinations of names addresses phone numbers e-mails possible numbers as well as the details of the state marriott says it was a list on the eighth of september that they'd been attempted hacked a subsequent probe showed there had been an authorized access to the data base as far back as twenty fourteen. public awareness is growing about the dangers that climate change and plastic pollution pose to our oceans but for those who make their living from the sea the challenge is to work sust

host: you write in your book and dnasubtitle is "the hidden of amazon, apple, facebook and google." you write these companies are not benevolent things but we invite them into the most into many areas of our lives. -- most internet areas of -- most internet areas -- intimate areas of our life. dr. galloway: who knows you? google knows if you're about to getting gauge, it knows if you are contemplating divorce. google knows what ailments you have. gogogle is the real you. if there is a modern man god it is google that sees everything, and all your intentions and how those intentions will translate into action. so, these organizations where we are, -- know where we are, no our feelings, no our intention. we have openly invited them into the brightest and darkest corners of our lives. host: can you help us figure out what you mean when you say that these companies, these four companies, have made the world a better place, yet you still refer to them as the four horsemen referring to the apocalypse? dr. galloway: look, i think we're net gainers from tech. the operative term is net. we a

and i'm trying to tell them look we have the interest of money because it is facebook you know google apple amazon all that combined into one it will be the world's store of value and it is available to all so for those that are asking about those questions just by bickering in another criticism we're hearing curious what your thoughts are. is that well yeah it's digital scarcity sure but there are something like sixteen or seventeen hundred of these crypto currencies that doesn't sound very scarce to me what is your response to that critic sure so you have to sort of dig into the dynamics of what makes make one big when in order to answer that question really the one of the biggest things that makes big quake when it's security and that is powered by this huge hashing network that we call proof of work that we call the miners and the miners create this and it's not really just about the specific code you see that can be copied over and over and for example because it is open source so i can go and copy big went in create vortex big but the thing is that it's not about code it's about physi

costs, this comes as other tech companies have been trying to get into the healthcare industry, google, appleds as well. heather: from human health to man's best friends, your dog, to tell you about. >> reporter: this is a serious one, sunshine mills voluntarily recalling some dog food because of high levels of vitamin d. here are the brands they are recalling. evolved puppy, sportsman pride, puppy triumph, chicken and rice dog food. symptoms your dog might have if they have high levels of vitamin d are pretty serious, vomiting, loss of appetite, excessive drooling, weight loss, the success of vitamin d can lead to serious health issues in dogs. if you have this dog food stop using it, you can throw it out or return it to where you bought it. jillian: they are voluntarily recalling several brands. heather: every year, reach across america on his heroes by laying 200 reefs across the country. with days until the deadline there is an urgent need for donations to make sure each servicemembers remembered. joining us to explain how we can help is community relations director bree king, thank you f

the tree you can plug it in with your coffee maker and other things which works with echo, google assistant, apple's home kit, which is seary so it's universal. >> let's talk about the keyboard i'm addicted what does this thing do? >> this is a logitech k-380. it's a small compact almost a travel keyboard. it uses bluetooth to connect to three different devices at once. it can do your windows, mac, iphone. >> i could be typing on these things and typing on any of your devic devices. >> right you can have them hooked up and switch to which one you're typing to. >> here's a set that's actually 50 bucks. >> 50 bucks sound as lot better than -- >> usually you're thinking more than 200. >> yes, for those things >> do these actually work as well >> this is the tribitxfree usually you hate them. this is around $49 and it sounds really good. it doesn't sound as good as a set of $300 bose, but for $50, they're great. >> also this other box you brought here is a tiny little thing. i can't believe it's a presenter. >> like every human being, i hate printers snow they're so annoying. >> i finally found a printe

commissioner for competition she made a big splash last year of fighting against google and apple and explain why that's important for innovation and small businesses and she'll be back this year to talk about how to build a fear condominium in the tech world. tech has lost its innocent reason if we just look at the wall called google over the sexual harassment cases is that being addressed briefly if you have. i'm actually surprised how many women i see here there's about forty four percent of female activities and yes the walk out has been an issue we're google spokesperson actually said we need to create a better work environment for women one of the reasons there might be a lot of women here is there is also women in tech program coaching for young female entrepreneurs meeting with their big heroes to talk about how they can advance their careers. in this been thank you. online retailer amazon could decide to split its new second headquarters between two locations with fifty thousand new jobs planned could be problems finding enough talent in one area the company says h.q. to as i

v the question of when you combine different data sets together so for example google and apple are getting into the payments businesses or trying to get in there with say apple pay and stuff and they are really able to do other data like location data your search data and when you combine those datasets with payments data you start to get this sort of three dimensional picture of somebody. if the data from our payment transactions can be used to create a perfect psychological and social profile of each one of us what effect does that have how does that influence our everyday lives and the way we live together in society. we're going to have these systems where. people are actually aware that they're being watched so they start to change their behavior because they're concerned that their every small action has some implication. if you think about you know thirty years ago people didn't think that their every small action was going to be logged by some third party to be analyzed whereas now people are increasingly thinking hey if i do that maybe maybe it's going to impact my chances of some

what are these companies doing, if anything, whether it is amazon, google, apple, to help the situationlem of homelessness? noah: here in seattle, earlier this year they fought a modest tax on employers that would have raised $50 million a year for homeless services. a couple of months later, jeff bezos turned around and said he was going to make this $2 billion pledge, part of which he earmarked for homeless services. noah: here in seattle, earlier this year they fought a modest tax on employers that would have raised $50 million a year for homeless services. a couple of months later, jeff bezos turned around and said he was going to make this $2 billion pledge, part of which he earmarked for homeless services. amazon has also given to a local nonprofit that helps with homelessness. but i think the broader point is that these companies are waking up somewhat belatedly to their impact on their communities and in a place like seattle, amazon had political capital here they seemed to not use over the past many years that they could have marshaled to push through zoning changes that would

have seen a number of notes in the past week saying faang is out, maga is in microsoft, amazon, google, apple do you think? >> some of the numbers i pointed to before, what you see interesting is the faang trade there are various multiples. apple is a different multiple than where amazon trades it is a stock picker's market. you're seeing board level discussions on some big trends taking place not only is it driving ipos but also m and a you look at this year, year to date for the first three quarters, we are up 40% from last year on dollar volume basis. look at where we sit the rest of the year, we're up 80% over the ten year average and close to high water marks of 15 and 16. you see machine learning, ai, cyber security, tech driving demand from not only portfolio managers but from board level decisions. >> when it comes to faang, three of the names, also hearing a theme about their market power lately the president has been tweeting about it and many others, over in europe, perhaps a stronger case being made to some extent is that a concern? is that something you're hearing out there that

. >> facebook, amazon, netflix, google, apple, facebook leading the markets lower. apple on concerns that their new iphones may not be selling as much. they are pricier models. $50 more than the iphone 8 last year. so people, consumers aren't willing to pay yet. hopefully in the holiday season, that might change. and facebook also leading the markets lower on concerns that the executive -- their executive management turned a blind eye to some of the russian hacking as noted in the "new york times" article. these two big heavy tech names are leading the broader markets lower. remember, they account for a lot of the gains that we had prior to the october selloff in the nasdaq and the s&p 500, because they are just so big. that's why it's really taking a hit on the market. charles: technically, the way s&p breaks this down is that technolo technology, the big losers in addition to apple would be visa, believe it or not, paypal, microsoft. there's another sector called communications services. there you have facebook and netflix. they are more than 20%. then consumer dis

. >>> google, apple and facebook have a message for president trump. they support the lgbt community. fortune reports the company sent a letter to the president yesterday. their response follows a "new york times" report that federal officials plan to get rid of transgender protections from existing laws. >> u.p.s. warning customers about a possible strike. bloomberg reports a contract extension for 11,000 union workers expires november 12th. a vote on final contracts will happen next week. u.p.s. is already preparing for disruption. the last day for freight pickups is next wednesday. it can only guarantee through next thursday. the strike does not affect its package business. >>> aaa is a apparently trying to do more than fix a flat tire for you. they are taking a big leap in the autonomous vehicle market. the san francisco business times reports aaa acquired a driverless testing facility in east bay. it is where driverless companies can test their vehicles in all types of different scenarios. they have 10 facilities in the u.s. but the largest is in

i call the general classification of companies google-apple-facebook, alibaba, 10 cent and we make the general assumption that these are good actors. they're not bad actors. they're commercial actors, right? they have to do what is right by the commercial needs and for the shareholders and your privacy rights might not always be their priority. the blockchain provides a very interesting model for us to build privacy in. ashley covered a few point there is and decentralize the data model. data, you probably heard before s the new oil, right? this is the new currency of the future. and if that data belongs to eight companies, then we have a huge problem. and potentially one government, right? we're also heading to a point where largely because of a.i., my background is in a.i. and i have been head of an a.i. company for 12 years. it's actually going to trigger a lot of not just blue color, but white collar job losses and estimates show close to 50% of the global work force with a.i. and thinking about how to leverage the decentralize the data and the blockchain and create economic incent

what makes you think bixby can compete with apple and amazon and google at this point? of the points i made at the talk yesterday was that -- people don't remember this, but google was actually the 14th search engine to enter the market. so i think we are still in chapter 1 -- we are barely even reading the introduction to this story. so i don't believe there is a timing issue here. what we want to do is really gain momentum and get the world of developers in sort of an app store-like way but bring it to ai. when you have a thousand things you can do with an assistant, it becomes a much more important part of your day. emily: so when it comes to assistants, do you think we will relying on just one or two, like google, just one? or do you see us using many assistants in the future? dag: i think that, ultimately, it will boil down to a few. but i think you will see minor assistants that will specialize in some things be a part of that game. but i think ultimately, because it requires it to become such an important part of your life, all the personalization, everything lea

tech drag continues, we call them the fangs, facebook, apple, amazon, netflix, google, bare market territory, down. the names run up so much this year, the markets are concerned future sales and profits may not justify expensive valuations, that is also the case for

the robo voice on amazon's echo line which does dominate that you've tried them all how to google home an apple home pod compare well most actually compare pretty well yeah amazon had the jump on the smart speaker market and they still hold a commanding lead but others like google home samsung apple as you mentioned at others are catching up with a long way to go though but if you're looking for a good accurate search results for your various questions think about this alexa is stuck using microsoft's being only google home cleverly enough uses google by far the most popular and certainly much more precise search engine just think how many households have just lit up because we're saying alexa. they were always intrigued by some of the show and tell items here bring any cool stocking stuffers there. you know it in fact talking about smart speakers maybe you want to head outside and use it will companies like ninety seven have come out with some great portable battery units for google home and alexa this one of course you just pop in your little google home device and now it's. battery operated

amazon, google, apple are killing it -- >> what about, gary, what about -- yeah, but facebook's at aweek low. amazon is many a bear market, 20% off the shies. >> yeah, that's -- >> take the politics out. just look at price. is this a bullish or bearish stock market? >> i am looking at the price -- [inaudible conversations] >> amazon's down from its highs -- david: let me just switch to main street from wall street, because we got those incredible jobs numbers today, 250,000 jobs created in october, way over expectations. so main street is backing up wall street. >> that was part -- that was very, very good news for an election, and it's great news for the economy. but from a stock market point of view, you remember when donald trump said you're going to get tired of so much winning? the problem is when unemployment's this low are, and you just saw a big wage gain, it starts to build on problem of, wait a second, interest rates are going higher, top-line revenues are slowing, maybe not for everybody, but our expectations were for much higher growth, and now we have to start paying peo

fa facebook, amazon, google, apple and netflix.re in bare market territory, down 20% from recent peaks, 20%. you have made many, many double-digit gains so far in 2018, i think a recess of expectations, how much money are they actually making. when you are making 20 and 30% gains still a pretty darn good year. >> shepard: bare market on apple and others to come. wiping out all gains for the year. more to come on that. again, the president is speaking right now at the white house, we'll have the tape turnaround, also talking, i've just been told he's spoken about ivanka trump and her e-mails, different tone, i'm guessing. we'll see you in a moment, stay with us. ll value of your new car? you'd be better off throwing your money right into the harbor. i'm gonna regret that. with liberty mutual new car replacement, we'll replace the full value of your car. ♪ liberty. liberty. liberty. liberty. ♪ but he has plans today.ain. hey dad. so he took aleve. if he'd taken tylenol, he'd be stopping for more pills right now. only aleve has the st

it's called "the four: the hidden dna of amazon, apple, facebook, and google." scott galloway is the author. >> c-span, where history unfolds daily. in 1979 c-span was created as a public service by america's cable-television companies, and today we continue to bring you unfiltered coverage of congress, the white house, the supreme court and public policy events in washington, d.c. and around the country. c-span is brought to you by your cable or satellite provider. >> what does it mean to the american? at this year's cspan's studentcam video competition question of students and the teachers from around the country are posting on social media about it. >> check out the postings. this year were asking middle and high school students to produce at five to six minute documentary answering the question what does it mean to be american? we are awarding $100,000 in total cash prizes including a grand prize of $5000. the deadline for entries is january 20. for more information go to studentcam.org. >> now a discussion on new medicaid rolls of the trump administration a

firm to deflect attention by spreading dozens of articles critical of google and apple. last night facebook dropped the firm. >> to suggest we weren't interested in knowing the truth or that we wanted to hide what we knew or that we tried to prevent investigations is simply untrue. >> reporter: facebook's board of directors said in a statement as a board we did indeed push zuckerberg and sandburg to move faster. >> the big issue is tech had a big year led by facebook. they were worried more about the blame on themselves. >> reporter: even prince william criticizing big tech. >> technology companies have a great deal to learn about the responsibilities that come with their significant power. >> reporter: this comes as facebook takes a financial hit. the stock dropped more than 20% in the last six months, and the number of new users is slowing down as scandals take a toll. lester? >> thank you. >>> dartmouth college is hit with a lawsuit for $70 million from seven women that accused the school of ignoring their sexual misconduct complaints against professors for more than

cannot be we know that you cannot be and just to be clear of the five big tech companies google facebook amazon apple microsoft you say it's google and facebook that are doing the most damage to our behavior and our lifestyles not amazon which has been in the news this week for lots of criticism over the way it's got money out of government apple microsoft you say it's google and facebook is that right. well look there are plenty of reasons to criticize microsoft and facebook and for full disclosure i have a relationship with microsoft now and for even full disclosure i've sold a company to google i actually really like big tech companies i'm not sort of anti-corporate or anti tech companies however what distinguishes google and facebook is that they rely almost solely on the manipulation machine for their money they don't have any diversification they're absolutely addicted to it like petra states are addicted to oil and so it does in my view corrupt them now the things i'm talking about these when appeal ations are all the tech companies engage in them to some degree but not totally so there might

apple you have a problem. since the market started fluttering october 3rd, the maga stocks the microsoft, amazon, google and apple. they have gone from combined market cap to.7 trillion to 1.3 trillion this is not surprising none of these are start-ups as they mature they move toward slower steadier growth apple is certain to slow more slowly given a top in iphone sales. facebook has stumbled but has potential avenues for growth and sales expectations are very healthy into 2020. the biggest problem is amazon. even with the recent decline, it's still supporting a pe ratio of 62 based on 2019 earnings the s&p is at 5. but the bulls argue that revenues grow at 25% a year. amazing for a company with an $800 billion market cap. back to you. >> bob at the nyse i didn't realize how quickly maga caught on >> yes that might have been one of the most glorious segments in a glorious 25 year career by bob pisani i want to say that. >> no idea good for him. >> for that occasion we thought it would be a good time to play. >> trade it or fade it. >> maga style. we can forgo the rules everyone knows how to play. >> we've been ou

cannot be we know that you cannot be and just to be clear of the five big tech companies google facebook amazon apple microsoft you say it's google and facebook that are doing the most damage to our behavior and our lifestyles not amazon which has been in the news this week for lots of criticism over the way it's got money out of government apple microsoft you say it's google and facebook is that right. well look there are plenty of reasons to criticize microsoft and facebook and for full disclosure i have a relationship with microsoft now and for even full disclosure i've sold a company to google i actually really like big tech companies are not part of anti-corporate or anti tech companies however what distinguishes google and facebook is that they rely almost solely on the manipulation machine for their money they don't have any diversification they're absolutely addicted to it like petrol states are addicted to oil and so it does in my view corrupt them now the things i'm talking about these when appeal ations are all the tech companies engage in them to some degree but not totally so there might