if google, apple, facebook or any other companies are hosting apps like these, they have to be held accountabledoing is promoting an online slave market. google, apple and facebook all claim that they prohibit human trafficking on their platforms. but we found thousands of domestic workers being illegally sold using discriminatory language on facebook—owned instagram and apps hosted by google and apple. this is in clear violation of their own terms of service, and international law. in a statement, facebook, which owns instagram, told us... but we found hundreds of accounts still active using similar hashtags to sell domestic workers. asale told the bbc... back in kuwait, we were advised to take our video to the authorities to see if they can help find fatou. ten days later, the kuwaiti authorities contact ann. there's good news. they've found fatou. we arrive at the state—run shelter for domestic workers. a government official is present and we're not allowed to film ann's meeting with fatou. there are more than 200 domestic workers in this shelter. many are involved in court battles to decide

european tech levies that mr trump claimed unfairly discriminated against us companies such as google, apple and facebookr by vowing to push ahead with a similar digital sales tax. the japan times which quotes a report from chinese state media that beijing will soon publish a list of so—called "unreliable entities" that could lead to sanctions against us companies, as their disputes intensify over human rights in hong kong and xinjiang. the financial times carries a front page picture of what it says was a tense exchange between president trump and his french counterpart at the nato summit. it's all to do with new european tech levies that mr trump claimed unfairly discriminated against us companies such as google, apple and facebook. and singapore's straits times has that study into educational standards across the world, with the city state's students ranking second behind china in mathematics, science and reading. with me is mark davies, ceo strategy consultancy, camberton. the guardian looking at corbyn upping the pressure over the nhs, what do you make of this headline? it is on quite a few front pa

google apple facebook and amazon the big 4 tech giants make their money by harvesting our data most of us use their services every day without worrying too much about privacy issues but do you really have to put up with that number of tonnage civs have been cropping up. this man refuses to use whatsapp and google because they track his online activity even when the apps are closed the internet activist widely known as paddling sees this as an intolerable invasion of his privacy. but who are also in love with you is my nightmare scenario is that any last glimmer of hope will die and people will just say there's nothing more we can do in the fight against total surveillance for a time when the economy. services that tracking collect data about our online lives are incredibly wide spread platforms like facebook say that uses benefits because the tracking enables advertising to be tailored to suit the individual. christiane link works for wire an alternative to whatsapp over the years the company has observed and responded to shifting security needs. what's up rock that was already very bi

trump administration is urged countries like france to suspend taxes on digital giants like google apple facebook an amazon and wait for inteternational legegislation. a letter to the organization for economic cooperation and development us treasury secretary stephen isshin said the u. s. w was in favor of the framework it't's being negotiatd by the gro m member statates. this week donald trump threatened to increase tariffs on french goods like cheese and champagne in retaliation for the so called gaffe attacks. the menu macro had already agreed to withdraw that unilateral french tax if and when a broader deal is implemented. meanwhile global markets been responding to o the latestst reports about the us china trade war. a day after the trump administration suggested it could delay it deal with beijing until after the twenty twenty elections. bloomberg reported t tt nenegotiators from the world's two largest economies are in fafact making progress towards n initial phase of f a deal- that report citing sourceses familiar with the talks. it was enough to boost walll street the dow jones snapped a

european tech levies that mr trump claimed unfairly discriminated against us companies such as google, apple and facebook. and singapore's straits times has that study into educational standards across the world, with the city state's students ranking second behind china in mathematics, science and reading. with me is mark davies, ceo strategy consultancy, camberton. the guardian looking at corbyn upping the pressure over the nhs, what do you make of this headline? it is on quite a few front pages. is the nhs about to be snapped up by the nhs about to be snapped up by the evil entrepreneurs in the united states ? the evil entrepreneurs in the united states? i think the answer to that question is almost certainly no, and it isa question is almost certainly no, and it is a very good line that corbyn has been running very successfully throughout the course of his campaign. is the proper evidence to show that it was on the table? no, it was raised by the americans and not responded to by the british, so i don't think it puts it on the table, but he has played it extremely well because he knows that this is h

the reve nu es of ahead and imposes a 3% levy on the revenues of companies like amazon, google, apple and facebook tariffs on bench exports ids, handbags and champagne. france has that it will drop its tax plan if the rest of the european union can collectively come up with an alternative, one which taxes sales as well as profits. but those effo rts as well as profits. but those efforts are being blocked by the likes of ireland, a company with a low corporate tax rate, and as a result is home to the european headquarters of those american tech giants stop so what we're seeing is another trade row brewing under president trump. but one that has troubled previous administrations, too. the us has long felt that europe is coming down too hard on american firms because europe doesn't have an apple or google of its own. dave le, bbc news, san francisco. and this is really causing consternation for financial markets around the world. markets in asia are reacting to fresh concerns about trade and relations between the us and china. and those tariffs on steel coming from brazil and argentina coming into th

where you have google, apple, facebook, amazon, the people who are building the future. we used to write the future in laws in washington, d.c. now the future is being written in computer code in silicon valley. they're changing your phone right now and didn't ask your permission. the power to write and to dictate the future is in silicon valley. very few african-americans in silicon valley. our children are happy to be given the opportunity to download apps, not being taught how to write their own and upload apps. we need a generation of uploaders, not just downloaders for the next generation if we're going to get anywhere. it's another corner of power. lastly, you can take a leisurely drive from northern california to southern california. and you'll very quickly be in a place called hollywood. and you can see stars, not just in the sky but on the sidewalks. another place of power where too often where the stars don't own the studios. media ownership in an information age, another mountain to climb. i say this to you because the way we got here was because african-ameri

in digitalaliation revenues that hit large american tech companies including google, apple, and facebook. robert lighthizer says the agency is also exploring opening investigations into similar digital taxes by austria, italy, and turkey. leader is malaysian back in court in kuala lumpur .irecting -- defending himself he will deliver a sworn statement and face questions after a ruling last month that the prosecution had made a successful case against him. he has been accused of accepting bribes for approving a state guarantee on a loan. has an investment from another gulf neighbor. kuwait will invest up to $1 billion in the ipo as riyadh seeks regional support when there has only been lukewarm interest from further abroad. we are told the kuwait investment authority was reluctant to commit significant funds to aramco but are told it was in their strategic interest. ,lobal news 24 hours per day i'm su keenan, this is bloomberg. bring in our chief north asia correspondent. let's talk about what is happening right now. lams i predicted, carrie did not give any concession as far as the indep

in retaliation for the so-called gaffa tax this is a tax on digital joints such as google amazon or facebook and apple suggesting it will levy those taxes of up to $2400000000.00 some of that on products such as champagne on luxury goods such as handbags and also the famous french cheese some of these products could see taxes of up to 100 percent doubling that price for u.s. consumers now the u.s. trade representative's office has said that this so-called gaffa tax is discriminatory and trump is hittite to gauge that tax saying frogs will not be taking advantage of his watch. friends say terrorists are on our companies again these are companies that are against you know they were against me if i read the papers correctly or whatever we're going to be we're going to be this supposed to be very powerful and you know what so maybe they're not so her but there are companies i don't want to bridge trashing american companies if they're going to be taxed it's going to be. taxed the wealth of france is part they think that they have a right to the slice of the pie of the profits of these big digital giant sa

digital services joins so this is google this is amazon facebook and apple basically digital service giants tech joint more than 750000000 euros worldwide and 25000000 euros of that is here in france now as a result of that front said we're going to place a 3 percent levy on these companies we want our slice of the pie which is really i read to the americans now they've threatened today that they will now be looking at imposing new taxes on french products in retaliation these taxes could be worth up to $2400000000.00 u.s. dollars will cover things such as champagne luxury goods such as time bikes and even the very famous french cheese with the suggestion that some of those products could be taxed by up to 100 percent making them more than double the doubling the price for u.s. consumers who want to pick them up this comes after the office of the u.s. trade representation described the so-called gaffa tax this digital tax as being discriminatory now donald trump has been speaking ahead of that nato meeting and he said the frogs won't take advantage under his watch. brands puts a terr

that tax hitting large american tech companies such as google, apple, facebook, and amazon. to not people take advantage of u.s. companies. a change at the top of the world largest fund as eileen murray is leaving at the end of march. her counterpart, david mark mccormick -- david mccormick will become the sole ceo. ray dalio gave up management of bridgewater in 2011. five people have held the title of ceo or co-ceo. i'm viviana hurtado. this is bloomberg. more on those leadership changes, bloombergs and ali bostic joins me nap -- birds sonali bostic joins me now. li: a note -- she says she is -- her name was wei du did -- her name was floated for the wells fargo position. she is a senior woman on wall street. she has run technology operations at morgan stanley and also at credit suisse. alix: do we clean anything about wall street women in the hedge fund world or is this they maxed out, they want to go somewhere else, or is this a generation of women wanting to start different kinds of businesses? of the moreis one senior women on wall street, but at bridgewater five people

groups of stock, apple has done really well do you expect it to be broad based or are investors going to have to get chooseyer? >> did he sespite what we read,u look at google, facebooke as you mention, when i talk to folks looking for undiscovered gems, i point to the sass category as you mentioned earlier did have relatively high multiples this summer. these are company, if he likes sales force, he will love zoom, smart cheap. they have net dollar retention numbers north of 120, 40%. when they start into 2020, they know their organic base will grow 30 to 40% year on year, and add new bookings to consumers. we love those names and that category of high growth sass companies with strong net dollar retention. also a metric public market investors are starting to look for, companies are increasingly disclosing >> jeff, what's your monk ee wrench scenario, overall positive what potentially happens that derails that thesis. >> obviously we have an election coming up as you know, that has an effect on the market. global trade had some impact this year, hasn't been negative on companies like apple that we thought it would be. one thing that changed our role in private tech

you have google, apple, facebook, amazon, the people who are building the future. to write the future in-laws and washington, d.c.. now the future is being written in computer code in silicon valley. they are changing your phone right now. the power to write and dictate the future is in silicon valley. very few african-americans in silicon valley. our children are happy to be given the opportunity to download apps not taught how to write their own and upload apps. we need a generation of upload is not just downloaders. lastly, take a leisurely drive from northern california to southern california. you will very quickly be in a place called hollywood. you can see stars not just in the sky but on the sidewalks. another place of power where too often, we are the stars but we do not own the studios. media ownerships in an information age, another mountain to climb. i say this to you because the way we got here was because african-american allies were willing to look clearly and honestly at the challenges that they faced and with less than we have, with less technology,

apple, facebook, google and microsoft all maintain they do not sell your data.ree. now we contacted the state attorney general's office to see and what they are doing to enforce the privacy act. it takes january 1st but enforcement begins six months later. the attorney general could not weigh in while it is finalizing the regulations but vowed to ensure compliance starting in july. now the law goes into effect january 1st but enforcement will not begin until july. so stay tuned. i'm michael finney, 7 on your side. >> that is great information, michael, thank you. >>> and california will ring in the new year with several other new laws. the minimum wage is going up $1 to $12 an hour for workers at companies with 25 or fewer employees. and $13 at larger companies. communities without their own rent control laws will now be covered by state protections. the new limits -- or new law limits rent increases to 5% each year plus inflation but never above 10% total and gun violence restraining orders september anyone can block someone from buying a gun. family and law en

companies like google facebook amazon and apple which have traditionally been able to keep their foreign tax bills low the tax when it comes into effect will be backdated to january and cover 3 percent of the company's profits from selling advertising and data the french government is hoping it will bring in around half a 1000000000 euros a year but washington says the tax unfairly targets american companies and if the u.s. makes good on its tariffs threat some $2400000000.00 worth of french imports would be hit. already even though the dow jones could recover a little bit we're still seeing tough times there where go to new york where our financial correspondent yes carter is waiting yes we have been talking about the end of the u.s. china trade war for months now what do you make of that statement but on top. yes no yes no i mean this game is going on for ever and that's how it seems well what we know what i heard is that the u.s. president donald trump for quite some time maybe had the intention not to necessarily settle the trade tension with china before the election because the u.s

companies like google facebook amazon and apple. so china isn't alone when it comes to translate its tidings those who were previously settling down for the holidays are sitting at the edge of their seats again. the only peace and joyful tidings this christmas season may be hidden somewhere in millennia trumps magic forest. joined by andrew day's a low in political advisor in berlin andrew. thomas suggested he could sort of keep the trade will going until. the u.s. presidential election in how far is that in his interest well yeah that the president election is a year from now the straight war has been going on for about 18 months so i think it's one thing is important to focus on though is we're all focused on this so-called phase one deal so no one out there including the markets is thinking that a big transformational deal is in the cards we were looking at that back in march that you know a really big deal that included a lot of chinese reforms would happen so what we're really focused on is can there can they stop the bleeding

economy, this one of them, have you groups on the left, and the right now going after google, afternoon apple after facebookmajor american companies that have been incredibly successful, made trillions of dollars for investors this break up facebook, break up google is very dangerous that will hurt shareholders, and workers and american economy. >> i see his comments as political in nature not business, you look at facebook in terms of only major social media company that allowing political ads that is a competitive advantage, howel hoe would they replace the revenues, i hook at political ads moment that facebook starts fact checking ads they assume liability tie, that is like saying, sales force should check earnings report for all joinal companies, that are using their software, this ridiculous. david: we should mention that facebook founder, zuckerberg is -- had a number of meetings in white house with the president, despite all president's talk about being against facebook, they seem to get a long, they seem to make some progress, no? >> yeah, there is no business case here, i don't understand if you se

look at what america is built on it's actually not tech it's not amazon it's not really google or apple or facebook is that still backed by big energy energy is still one of the top industries the top industry in the united states so if we have something like and energy crisis where right now the oil prices it's stabilizing and everything but it's still going to go down the as we turn more into natural gas and other things like that oil is going to fall and because big oil has the leverage to help there are going to be defaulting to one over 200 of the smaller oil refineries and explorations have already be faulted this year alone because of that this is just going to cause a chain of people. magine this code to go the you know in our society take any economic collapse that we've ever experienced to depression and add 2 days to the meaning how do you think we're going to react if all hell breaks loose and everything falls is start of buddy can you spare a dime if somebody standing in the corner trying to sell an apple or a pencil what you're seeing does demented. people are triggered by history in

and the fangs if you want ia or to a netflix and google and facebook and apple, the others were justtoo big already at the start of the decade. they have done quite well, but there are others that have done better. if you put $10000 into netflix, you turn into $400,000. the at least of these top ten you turn into more than $100,000. with got the s&p 500 but you still got a great decade bathed them while they stocks. >> and netflix return 309 earned 72%. obviously did that partly because it's such a great disruptor. and there are others on your list that her disruptors as well. yeah i'm just gonna hit a starting.for netflix was humble it had no original back then. hollywood is called the shots. and now has a ton of originals in hollywood scrabbling to follow its lead. so the other disruptors market are market access holdings. stock trading went electronic long time ago. that's just now happening to bond trading and then is one of the most bond trading platforms. >> that's really revolutionary, everything i said earlier about how the investor friendly has been focused on stocks. their

silver screen seems to think outdone by real life in the silicon valley 6 amazon netflix apple google microsoft and facebook have a combined market capitalization value of roughly $4.00 trillion dollars they are worth more than the $1000.00 companies listed on the london stock exchange these companies have a special knack for not paying taxes according to the fair tax mark community group they seem to have avoided paying roughly 100000000000 dollars worth of taxes around the world now how exactly did they pull this off let's look at the details now the report says that amazon paid only $3400000000.00 in taxes this last decade while they made a revenue of roughly $960500000000.00 and made profits of roughly $26800000000.00 fair tax mark said this means amazon's effective tax rate was 12.7 percent while the standard tax rate for american businesses was 35 percent for most of that period amazon has gotten a lot of heat from u.s. politicians over tax issues both trump and the democrats seem to disapprove i have nothing against amazon but no company pulling in billions of dollars of profits should pay a little t

basically retaliation for the french plan to tax the tech giant's jaffa as its main hit google allison facebook and apple and they just happen to be american companies and donald trump is not happy about the idea but michael says taxing big big tax. is a master of social justicee andnd it's interestingo see that frenchh people e may be insulted but amerirican people t seems t they do have the e orane plasticc cheese off rules are really concerneded about what this could mean for thehem you can take. the good wine and cheese out of my cold dead hands. meanwhile campaigning on the a british elects trial. has a new star quite literally on the doorstep to explain. yes imagine this you're british person sitting down relaxing maybe watching coronation street in the dodoorbell guyuys it's a pesky political campaign if you open the door and what do you see. no not that that hugh grant yes it really is the act the actual wedding. and a funeral yes this is a photograph taken of him out to start campaigning he- is now a passionate anti brexit campaigner. he's been seen out with various liberal democrat candidates.

and so the new generation coming interest googles and facebooks and apples a lot more than it does the traditional financial institutions. in the firm as a part of that movement, we are there to offer something that you can trust and believe every time we tell you here's the final price. it will not change. it's a big part of why we don't charge any fees. we want to make sure that is our business model does not depend upon the fine print which is the business model for the most traditional banks. maria: people who don't read the fine print miss everything and that's what you need to be thinking about. look you cofounded paypal now more than 20 years ago. tell me how things have changed and involved in the financial services industry. >> i think many different strands, and are in that question. for me personally being mission driven, having the financial health and well-being of my end customer, first and foremost in mind has become more front and center. when i was in my early 20s during the paypal years, as a diehard libertarian and i thought that i was here to grease the wheels of co