there is somebody, notably google and facebook, who stand between there readers. in the u.s., the news business has not been regulated. it's that first amendment think we have. but google and facebook are our regulators. there are rules about regulation and distribution. continuingwill be a challenge for local news organizations to figure out how to work their way through this dis-intermediated delivery, for want of a better term. they had the capacity to make this technological jump. from acollins: forecasting point of view, there are two things that follow up on this. in america this last week, firstly do you feel that the key issue will be one of trust? with things like augmented reality giving people the opportunity and technical capability to create fake stories and fake films. there is an opportunity for traditional broadcasters to beat the more trusted gatekeepers. fakedwill be a lot more images as well. forecastel that the needs to do more to reach their audiences? facebook news channel with 2 million viewers. have they gotten lucky as an early adopter or i

google and facebook are commanding the lion share. you are finding news organizations thinking about their future in a direct economic relationship. one of the emerging parts to that is really carrying about long-term trust and not wanting to get these things wrong. i think the impetus to grab it's now so we can -- to get a nasa we can grab the traffic is unfortunate. there is this new -- this renewed emphasis on structure and direct relationship with readers. on the fact checking side, journalists are the fact checkers. there are organizations that do good fact checking. checkers arefact paid professional journalists and i think there are sufficient -- insufficient indicators to people consuming news online as to what is coming from refresh and all paid june are lists -- from professional paid journalist and where it is coming from somewhere else. andeed to get much better giving people indicators about what is coming from professional news organizations and what is coming from somewhere else. not at all uncommon to have a large flat

for using a tech term, the sources in which they will put out content and there's somebody in google and facebook who stands between the readers. in particularly, the u.s., the news business has not been regulated and it's the great first amendment thing we have, but i often say google and facebook are our regulators and their rules about the distribution and delivery impact our businesses every day and i think it will be a continuing challenge for local news organizations in particular to figure out how to work their way through this intermediated delivery for want of a better term, and to really have the capacity to make this technological jump. thank you. >> from a broadcasting point of view, there are two things that have been of interest to us in the various meetings we've had since we've been in america this last week. first, do you feel that actually the key issue is one of trust and augmented reality and giving people the technical capability to create fake story, but fake videos and fake films, and there is an opportunity for the traditional broadcasters to be the more trusted gatekeeper

i feel like if google and facebook.it sent us on a wrong path and we have to get back to that pa path. they are telling us everything you bought anyou've got and wha. we need to try to get back our control in society. >> i still wonder how does that actualize. it's one thing to say i need access to my data or ownership of my experience to address my interests and my needs to determine the way my newsfeed is filtered. i was struck watching this hearing to comment about the senate judiciary hearing the sharpest question of the republican of louisiana who asked the best mos this most pod questions about what's going on. i don't think it should transcend like greed versus not greed. there's this belief in a political system that i do think something could change and things are galvanizing. >> even in that case. there is a possible way that it could be used and by the way we don't believe that is an appropriate use. it has taken a long time to get enough examples and how advertisers are using them for example for the thresho

the event from george washington university includes representatives from google, facebook and twitter. you can see it live, starting at 9:00 a.m. c-span3. president trump delivers remarks in washington, d.c. the event hosted by the fellowship foundation and congressional prayer breakfast groups is live at 8:00 a.m. eastern from the washington hilton hotel. and you can see it live on c-span2. >> c-span, where history unfolds daily. in 1979, c-span was created as a public service by america's cable television companies. it is brought to you today by your cable or satellite provider. >> c-span's 50 capitals tour was in jackson, mississippi, where they spoke to jim hood. from washington journal this is 30 minutes. fjoining us on the c-span bus is mississippi's long serving attorney general jim hood. what is the secret to getting elected statewide in very red mississippi? >> i was lekted in 2003. i think i was grandfathered in. but, you know, law enforcement issues, fighting cyber crime, protecting children, those issues are sort of nonpartisan in our state. there are large dependents in m

request for an interview it pains us as a company and then our platform was abused in this way facebook google and twitter and each announced the propriety of measures to deal with this information these include tweaks to algorithms political ad disclosure increased security staffing and review of articles by outside fact checkers facebook's approach to fact checking is actually not doing people think that content throughout the site is being checked because they're seeing some disputed tax. and that's just not true. robin kaplan is a scholar at the data and society research institute she focuses on policy to deal with this information and propaganda on social media platforms do you think baseball twitter and google can address the problems of dissent from ation over their platforms without fundamentally changing their economic model no i don't these are private companies that create two challenges because firstly they are driven by their own goals and incentives that need to align with their business model things like clicks likes and shares are the metrics that are used to prioritize or d. p

some have suggested that amazon could actually surpass facebook. googleclearly in the league -- in the lead right now. but amazon could decide they could surpass facebook as online advertising. and advertising juggernaut. but they are also superstrong in subscription services. you yourself probably subscribe to prime, it's not only the next day shipping service, but you can watch tons of content and you can read tons of content included in that subscription. so they are really out ahead of you. i think you will see more subscription services both with micro-payments as well as macro payments into the future and it will balance advertising and subscription in terms of making publishing sustainable long-term. emily: thanks for stopping by. cisco shares jumping out to a 17 year high on thursday after a bullish forecast. cisco is promising increases in revenue after sales rose for the first time in eight quarters to almost $12 billion. the company is reducing its reliance on the shrinking market for high-priced hardware and pivoting to software and services.

heather: you have to think about the platform, whether it is facebook or google with youtube. e are multibillion user platforms. if you look at the daily active users for facebook, 1.4 billion. there are probably 1.5 billion plus active users on youtube, if you look at the measurement there. if you are an advertiser, are you going to walk away from that many eyeballs? we've heard sheryl sandberg say, we could deliver the super bowl in terms of reach every day to u.s. advertisers, just domestically-focused advertisers. i think this is a call to action. i think the cmo's want to see more being done, but i also think facebook and google are responding in kind. i think it is an iterative process, but i don't think they can ignore these platforms. emily: what about the fact that, for the first time, users in the u.s. didn't grow for facebook last quarter? heather: they declined 700,000, 800,000 users. the u.s. and canada are about 190 million users. you are at a point where, even when we model out, we don't model a lot of growth, if any, in daily active users for the company, just g

with a british parliamentary heating on so-called fake news with testimony by executives from google, facebook, and twitter. broadcast asa live they discuss the legacy of watergate. >> coming up on "washington journal," the director of economic policy

aboutt spoke earlier advertising from facebook and google. facebooks could be twitter's game -- gain? what will be the consequences? >> the biggest consequence for twitter was the statements coming out of facebook just a couple of fridays ago that they were going to rethink the way the newsfeed worked to be much more about social sharing and what your friends are up to and less about news and publishers and media. if i heard mark correctly. that to me is a big boon to twitter. twitter has always been about that, this is what is happening now in the world, the pulse of the planet, working closely with media companies. to the extent they can now feel like we are the place for publishers again. we are the single distribution vehicle for them to work really closely with real-time event and what is going on while it is happening. this is a giant boon to twitter. emily: that was dick costolo. and a reminder, bloomberg lp operates a global breaking news network on twitter called tick-tock. still ahead, we'll hear from wall street heavyweight heather bellini

themes that continue to power valuations higher. >> and brent, you have a buy rating on amazon, facebook, googleow facebook and google, alphabet i should say, haven't been powering to all-time highs like other fang names do you think these continue to go buying opportunities or are risks setting in >> we think there's a buying opportunity to gene's math on the other names. we look at facebook, think $10 earnings power is around the corner put 25 or 30 multiple on facebook, 250 to $300 on stock considerable up side we think first half of the year, facebook is the most controversial name, visiting investors in london, it is the biggest name we get push back on, given amazon has the most open runway for one to three years. facebook with some changes that mark zuckerberg has outlienlnedw think everything facebook is doing for the platform is the right thing, they're not giving up on the platform we think facebook is the worst performing name to date, up 3% netflix the best performing name still think that facebook and google are interesting stories and amazon again, we get to some parts of amazon cl

whether it is facebook, google, youtube, these are multibillion-dollar -- multibillion user platformsook at daily active users for facebook -- 1.4 billion. there is probably a billion half plus on youtube. if you're are an advertiser -- are you going to walk away from that many eyeballs western mark sheryl sandberg said we could deliver the super bowl in terms of reach every day. just domestically focused advertisers. i think this is a call to action. i think the cmo's of these companies want to see what being done but i think facebook and google are responding in kind and i think it is a process but i don't think they can ignore these platforms. >> about for -- the fact that users do not grow? >> i think it was it hundred thousand users. users in canada is under 90 million users. you are at a point that even when we model out, we don't model a lot of growth, if any in daily active users for the company just given the percentage of the population they are already heading. i don't think that should be a big surprise. if you look at the growth and the users, it has been predominantly ou

google and facebook may lose a significant. significant form of advertising dollars if they continue to great create division or fail to protect children according to keith weed the chief marketing officer for unilever the second largest marketing and advertising spender in the world we gave a speech today at the annual interacted advertising bureau comforts and he came it came as part of a plethora of calls for google and facebook to do a better job of policing their products we'd said quote we cannot have an environment where our consumers don't trust what they see online unilever spent nine point four billion dollars on advertising just last year. while many larger financial institutions are staying away from digital currencies some smaller european banks are actually taking the opposite approach and allowing their access to customers swiss bank von tobel and falcon bank and german banks feed your bank and the liechtenstein bank are now offering their customers access to general currency products some of the banks are even a

twitter for facebook or for another social media company is it tells them that hey because this is a highly automated profile we need to keep it out of our algorithm that germans trends. google and facebook declined our request for interviews in the u.s. congress is considering legislation that would require them to make reasonable efforts to ensure that no foreign national buys ads to influence u.s. elections but the companies are spending millions on lobbying and say they can be trusted to regulate themselves efforts to hold them accountable for the spread of this information on their platform which may be more successful in europe the european countries have a healthy resistance to big rich american tech companies write that they're not impressed they're constantly debating and pushing forward on stronger privacy protections or data protections they are very aggressive in competition policy even for some and so i look to europe as the only place where you can have a healthy debate about the dangerous power of facebook and google the russians meanwhile have learned a great deal in recent years about how to use social media platforms to undermine democracy f. ing that has b

quickly,chael, threatening to pull from facebook and google, saying this platform has become a swap forake news, sexism, racism, extremism, how serious is this? >> the problem is truly serious and is more likely that facebook and google will respond to their biggest customers, to advertisers, and they went to regulators. the biggest advertisers are concerned not just about the content going across things that are promoting hate, but they are also concerned about the wake of that one waytion or the other, these platforms contributed to the sharing of fake news and misinformation. going forward, data want to be responsible for that or part of it. emily: we will continue talking about this. this, and michael j wolf, you are with me throughout the show. and deborah, thank you so much for sharing your report with us. coming up, we talk to the man used to run twitter and talk about gender inequality and tech and twitters turn around. this is bloomberg. ♪ emily: over the last week or more, we have been examining the male-dominated culture in tech, and my next guest is well aware of the problem

guest on recently who said amazon could at some point in the next few years surpass facebook in online advertising with google remaining on top. om: i would not know how to answer that question, to be honest. i think with whatsapp and instagram hardly monetized, facebook definitely has a lot more room to grow. emily: so of these companies, which one are you most worried about? om: nobody. they are just very highly efficient tools of capitalism. the machines are working so effectively in creating a lot of money. if there was one company, if you would twist my arm and forced me to pick one, i think it will be google. emily: why? om: google has a severe addiction to one business model, which is search and advertising based on search. unless they can figure out how to expand that revenue model, it will be difficult. emily: all right. you are sticking with me. thanks for not making me twist your arm. you twisted it yourself. coming up, we will talk about the growing dangers of tech addiction and what is being done to curb screen time, particularly for children. this is bloomberg. ♪ >> you are watching "bloomberg t

emily: we have been railing on facebook, google.een talking about apple and the disappointing iphone x sales. amazon seems to have a halo around it right now. what do you think amazon achilles heel is? om: i think their problem will be with regulators and the antitrust bodies will be looking at them very carefully. and they should because amazon is the scariest of them all right now. emily: why? om: they have their hands in everything. they have their hands in the title -- their entire digital infrastructure. they are building logistical systems and defining what brands succeed in markets like who is going to sell more products. there is no way amazon and apple kiss and make up without apple needing to sell more on amazon.com. i think that is their biggest challenge, regulation. i don't know why people think apple is doing poorly. i think it is doing great. it is a great company doing great work and building products it knows how to build and selling them in a lot of volume. same for facebook. facebook is selling a lot of ads. a hug

if twitter, facebook, google, etc.a stand to start a deal with these issues, then for better or worse, they will be forced to. cory: but your earlier contention is the lead know what is going to leave the platform because of fake news. mark: i'm talking about a government perspective. we see what is happening in government right now. everybody wants to take a stance to protect their team. there is already all of this animosity about russia in congress. why wouldn't the republicans in particular say, ok, facebook, we are going to make you deal with this, or there is going to be conferences? -- consequences. twitter. i could be wrong but it may be bipartisan. facebook, twitter, what are you going to do? cory: when you look at this as you do a tv show about investing -- mark: right. "shark tank." cory: a very active investor. when you look at investments, do you try to look for investments that will look at a new era of social media? mark: absolutely. i've got text messaging, emergency protocol. there is a company out of

we talked about unilever threatening to pull advertising from facebook and google. l it a swamp. do you think facebook's loss could be twitter's gain, or is this something all platforms will have to reckon with? what will be the consequences? dick: i think the biggest consequence for twitter was the statement coming out of facebook a couple of fridays ago that they were going to rethink the way the newsfeed works to be much more about social sharing and what your friends are up to and less about news and publishers and media. that to me is a big move to to twitter. twitter has always been about that, what is going on in the world, the pulse of the planet, working closely with media companies and publishers. to the extent they can feel that we are the place for publishers again, we are the source, the single disillusion vehicle we for them to work closely with on real-time events and was going on while an event is happening. that is a giant boon to twitter and its relationship with content providers and advertisers. emily: we will be watching over the next year. forme

facebook is more quality focus and what google did. that's a huge benefit of your content. e going to have more in content and this weekend take the super bowl, with e'll have of contents and places like facebook and we have a super bowl on monday and maker conference which is the most influential women's conference in the world now look, we like any moves facebook is doing to go to quality. i think it will come around sup super positive >> tim, five years now, the core media contract expires, what's your tradition, is it going to be digital guide, facebook or google or verizon oath, who's going to be five years from now? >> when you mention the craft, we spend a lot of time with them and we do our nfl deals, that's one of the big topics that came up with roger goodell when he was here a month ago with lowell, where is the world going to be in five years? if you look at the trend that's happening today is directive to consumers of mobile phones built for consumer the text messa the digital platform and movies you have seen it with netflix. i think if five years the digital p

don't miss my verdicts on the controversies facing google and facebook. i knew i'd get that wrong. it's a british thing. >>> and the author of a shocking new study joins me, the anti-conservative bias in silicon valley. but first, here are some of the things that happened this week in our economy. evidence of a major shift from part-time work to full-time work. 2016, the final year of the obama economy saw the highest number of part-time jobs on record. last year the trump economy saw the highest number of full-time jobs on record. across the board wages are going up. millions of workers are getting thousands of dollars in bonuses. an extra week or more of pay for half the workers in america. none of this is an accident, it's the direct result of this administration's economic policies. in particular, deregulation and tax reform. last week we saw military get the resources they need. we got news of incredibly important effort to reform the civil service and cut back the permanent bureaucracy in washington. we saw signs that president trump's new tough policy on north korea may be p

how do you feel about what google and facebook are doing? >> i think there should be a separation between workplace and dating. there shouldn't be the combination of the both. >> reporter: so if someone asked you what it work you would say no? i i would say no. keep it separate.>>> have you ever been asked out at work? i no, thank goodness.>> reporter: is there any gray area, what if you said no i'm busy that week, does that leave the door open?>> a little. depending on the individual. it could be left open or closed.>> reporter: what day is the baby do? i march 15.>> reporter: congratulations. we will let these ladies, i've been here 5 or 6 minutes interrupting their breakfast, they were so nice to chat with us. i tell you what as we said before relationships, there is a gray area. you have people talking this morning. >>> frank mallicoat thank you. >>>coming up next on ktvu mornings on 2, how to tell if your children are being cyber bullied and how you can help them. live with an online family safety expert and the author of online danger.

google and facebook dominate. as been under fire for showing ads alongside objectable videos. this big brand says we don't want our stuff advertised next to that. >>> to twitter. the president is up tweeting this morning. this about daca. negotiations have started. this will be our last chance to solve the daca puzzle. the president tweeting about infrastructure. saying his plan has received great review s by everyone exct democrats. >> i'm christine romans. >> i'm >>> he certainly supports the victims of domestic violation. >> he said very strongly that he's innocent. >> the president doesn't say one word about the lives that have been scarred. >> it's just not believable when the president wants to get a message out, he does it. >> we learned of the extent of the situation last tuesday evening. >> if somebody did know the full extent. >> i'm the president, i want to get rid of him. >> we're going to have the strongest military we've ever had by far. >> president trump outlining a budget that would balloon the fed

there, a huge cast had assembled, among the representatives of google, facebook, the new york times andf our services being used to interfere in the brexit referendum and we're happy to co—operate any further efforts. what about fake news? identifying and managing content on youtube is the number one priority for us this year, it is mission criticalfor the business, it is critical to our users, to our creators, to advertisers, and the us as a company. so we invest tremendous resources both in terms of technology and the people working on theseissues technology and the people working on these issues are executive team, is actually engaged, we meet hours every week to erupt how we can improve our systems to make sure that the policies on youtube are followed, that we are quickly identifying content that violates the policies and removing it, so it isa the policies and removing it, so it is a top priority for the business. juniper downs of you tube. finally, the rectory secretary of state for the rectory secretary of state for the media and sport digital —— impressive digital brief by watc

i own google microsoft, facebook. a little amazon and frankly, i've said this on your program before if i listen to john wolf, my technology analyst, i'd be richer, be better off for it because he'd have much bigger positions than i have because he's been pullish and he's right. this whole group trades like a group. it's faang if one has a disappointment, they could all go down that's the way the market trades i have probably, if i had them together, about 10% in my portfolio in faang type stocks and i feel comfortablcomfortabl. >> a loft these are high growth names. not alphabet, obviously. but you think faang and these big name, the ones in the marquis lights are going to be able to continue the kind of gains we've come accustomed to over the last few years? >> more moderate gains, but the valuations are very sound. you go back to 2000, cisco was 100 times earnings and that ilk of economy we're talking about the google overpriced, alphabet overpriced at 20 times earnings i think the biggest threat to amazon, google,

they say facebook, twitter, instagram and google have produced amazing products.also they have an ad campaign aimed at public schools to reduce dependence on technology. >>> youtube is trying to better identify news videos. it was revealed that russian state broadcasters had millions of views promoting russian propaganda. during the election reports were posted. youtube will also post notices on public broadcasters such as pbs that says the label is misleading because it suggests the government has influence over its contents. >>> apple completed the purchase of 16 acres of land and building in san jose. it is just across the highway from the airport. according to the news, there is a deal to lease the office building is located on the property. it purchased the office space now and nearby empty lots. apple is saying very little about its plans for that property. the mayor says he is excited about the prospect of a possible apple campus in san jose. apple now owns enough land and buildings to create a campus that totals 85 acres. >> 100 engineers will be hired. th

one of the world's biggest advertisers unilever now talking about pulling its ads from both facebook and google why so unilever is trying to succeed with its advertising muscle where governments of failed would they regulate three palace facebook in particular is facing criticism for failing to remove hate speech misinformation fake news and extremist content and the company's found a month's occupy and began the year by announcing that the site it tweaked its news feed algorithm to prioritize what it cools and meaningful social interactions. it's by no means clear though that that will solve those problems and unilever which owns brands like vaseline and ben and jerry's ice cream has announced it will pull out of its thing from facebook and google and left those companies clean up their acts and one unit lever executive actually put some of these but phones a little better than a swan so how do you read this move is it about principles or is it about profits i think it's clearly aimed at protecting that brand unilever doesn't want to see its ads alongside content from white supremacists for ex

meaning if you're not facebook or google and in digitsal marketing, you join the yellow pages and newspapersour business is in structural decline. >> that brings us to the cover of "the new york times" magazine this coming weekend after having spoken to charles duhig about his piece yesterday, guys. it's good to see you both together again until next time, kara swisher and scott galloway thank you for joining us today >> thank you >> and as we head to break, blue buffalo surging after general mills announced they'll buy the company for $8 billion shares are up almost 17% why the pet food space is prime for takeovers and it's been three weeks since the selloff began. here's where we stand today. the dow is up. all the major averages are up today. but we are poised at least for the dow and the s&p 500 to end the week lower the nasdaq has been the outperformer this week, up .7% r e week more "squawk alley" straight ahead. see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but

what do you think the likes -- why do you think the likes of google, facebook, twitter, fear policymakers? what do you think consumers fear and what is the course of action to the key problem of disinformation, to keep it more under control? >> they fear they will not be what they profess to be which is technology companies, not media companies. be heldr they will accountable for the content that they are merely facilitating and not producing. and they should be and must be to their own inadequate levels, accept some responsibility for promulgating. what they fear the most is regulation, the fear of the requirement to turn over their data, that there will be government regulators overseeing their businesses. they will not be able to be independent mega corporations with the mega revenue that they now generate. >> what do you think is most effective? >> conversations like this are very effective. they are feeling the heat in a very powerful way. they are also feeling the heat in a very powerful way from the journalistic community, from the publishing community. i thought it was interesting

google. >> facebook owns instagram, you're dealing with two big powerhouse social media companies.hat are they doing to help us in this country prevent this in the future and what they do in this recent case that is so tragic they could have done. there is technology that can tell the tone and tenor of violent language online. heather: the facebook says they do that, clearly they do not because they did not shut down facebook and instagram pages until after. >> warning from the fbi, they are not going to hand over any information to law enforcement and that is tragic right there. what can you do? before we rattle the cages with social media, what can we do right now? this is the moment across the country to pick up the phone and become aware of faster and easier ways to report trouble you see on social media. call your school and say what is your plan? what are you planning to do here? and find out the address you text to or email to, you need to get tight on fat, find out that emergency plan the school has and create -- gets you to that contact the second you have something like t

where they don't grays hoa turned down buying google for one million dollars, turned it down for buying it, for close to six billion turned down buying facebookllars today control lives group aasserting google would not exist facebook a shelf yies had yahoo! not miscalculated. >> -- did happen quick i thought cool i had gmail address accepted out invites, back then a while ago makes you think i know what is next, in all this, if you are if you are the behemoth of a. >> be careful, because somebody else could come up and do the same to you i guess, right. >> we used to call in early days don't get netscape microsoft ate netscape, google ate microsoft microsoft come up back apple near bankrupt would have sold to anybody came back if you are not careful a lot of strife out there. >> are you saying for facebook or even a google to avoid the fate of yahoo! you need a genius like steve jobs, because steve jobs envisioned a basically envisioned a world with technology devices recreated changed our lives, and reinvented apple. how do facebook and able to go prevent suffering same faith. >> they have been preventing through acquisition looking to futu

a amaza facebook and amazon what are your fears for overlooking regulation >> i think they are overlooking it, and antitrust and data privacy and regulation as publishers, googlend facebook publish a lot of stuff, but they're not regulated as you guys are at cnbc and comcast i think regulation is a huge threat and european authorities are taking this threat much further than u.s. authorities. on our risk screen it shows high for facebook and google. >> one final question, do you think apple could or should buy netfl netflix, or is that too big a company now? did they miss their chance >> you know, apple needs to decide what it wants to do in terms of the internet tv strategy does it want to lead on content? it makes money from selling iphones. perhaps it wants to give away content for free in order to encourage people to stay in the apple ecosystem. until we have a strategy for the internet tv, we don't know whether it's worth buying netflix. i would say the price of netflix is high at the moment. >> great stuff lovely to see you. >> stocks to watch, amgen's fourth quarter profit missing forecasts on higher costs and decline of sales of its blockbuster arthrit