google and facebook do this and advertising. amazons this and its marketplace. -- in its marketplace. cross sharing of data are also really, really bad. i think that warren's proposal is the first step. the history of tech was misinterpreted in some of the statements that came out, i really could not care less. and the reason, the issues in of thehe dominance public square, the manipulative technology that people are using, their surveillance that is now pervasive in our lives -- that is bad for society and we should not allow that. new tech companies are kind of like the earliest 20th century companies so jpmorgan and all. that: i should point out there is no real breakup threat under today's law. a lot of that could change in a lot of lawmakers would have to get on side. do you see a better argument to break up facebook, google, or amazon, or apple. which of those companies serves elizabeth warren's argument? roger: let us be clear. this is a position. you want to start with a position that says we are going to do something really dr

you worked with a man at google who said it is basically impossible for google or facebook or many u.s. tech companies, like amazonceed in china, airbnb even. do you agree? james: i tend to agree. i started at google in 2003, the first representative for the google china office. if you look at all of the companies, they have a mentality of working in the u.s. that should work in china, but the market is different. pinduoduo, they are not structure to compete with local competitors. emily: thank you. james: thank you. emily: broadcom reports earnings after the bell, forecasting first quarter revenues at $5.8 billion, up 9%. despite high hopes for the broader outlook, they face slowdowns in key markets. ed ludlow explains. ♪ ed: there is a good chance wi-fi or bluetooth in your smartphone is made by broadcom. the $105 billion company sells them to apple and samsung and apple accounts for 25% of the company's total revenue. that is why they are seen as a barometer for the health of the smartphone industry. last month their wireless business was better than expected. on the earnings call, the ceo talked about a north

do you see a better argument to breakup facebook or google or amazon or apple?ne of those four companies do you think presents the best case that serves elizabeth warren's arguments? roger: let us be clear -- this is a position. there is no guarantee we finish there. but you want to start with a position that says, we are going to do something really dramatic. we may be open to finishing somewhere else. and this is where i agree with both senator warren and senator klobuchar. i think both of these two really understand this issue. whether you break them up or not is less important to me than you prevent them from operating in ways that stall the economy. which is what we have going on. the threat of breaking them up is the way to get them to the table to have the conversation that we need to have. i want to be super clear about something. i am excited about the strides in the trump administration, particularly in the federal trade commission and the antitrust in the justice department. in my conversations with them, these are people that understand there is some

google and facebook do this in advertising. amazon does this in its marketplace.ust think that should stop. i think the cross subsidies and cross sharing of data are also really, really bad. and i believe that warren's proposal is a first step down that, and i am very supportive. i recognize the people who point out that the history of tech was misinterpreted in some of the statements that came out. i really couldn't care less. and the reason i couldn't care less is because i think the issues in tech, the power situation, the dominance of the public square, the manipulative technologies that people are using, the surveillance that is now pervasive in our lives, that is just bad for society, and we should not allow that. that the new tech companies are a little bit like -- they are kind of like companies in the early 20th century, the robber barons, so standard oil and jpmorgan and all. emily: i should point out, roger there is no real break up threat , under today's laws and under antitrust precedence. so a lot of lawmakers would have to get onside. do you see a b

emily: you talked about amazon, facebook, google, and she added apple.d apple has to break apart from the app store. either they run the platform or they plan the store and do not get to do both. it is the same notion. todd: there has got to be an interim step where maybe these proposals start gaining traction and maybe instead of a full breakup, you see a company like apple potentially getting out of some of the businesses where it is allegedly competing with app store participants. that could be an interim step. another interim step would be paying closer attention to the example, facebook, for operates and spreads information , and maybe forcing them to be a bit more transparent about who is funding a particular avertisement, who is behind particular piece of information being circulated. people have talked about treating facebook and google more like media companies. emily: senator amy klobuchar who is running for president said she wanted to see an investigation if breaking up tech companies is the best option. how are the other candidates received

when it comes to google, amazon, facebook, this 3% levy in france at the moment and other countries isve the resources to see it through, deal with the bureaucracy, et cetera. but for smaller companies? a big issue. the real issue for smaller companies is if you don't eat them with the tax, if, for example, in front of you drive out the likes of google and facebook and neiko elsewhere, it has a knock—on effect to the tech ecosystem. so i am investing, they rely on talent, they rely on know how from the bigger companies to feed into the start—ups. it has knock—on effect that eu leaders might not be taking into consideration. from your perspective, an eu wide decision, a tax would be the best decision, rather than different countries making their own rules? the best would be a —— and 0ecd wide tax agreement. that is possibly fanciful thinking... that would be the best. eu wide second—best. what we want to avoid is the likes of the uk or france going out on their own and then potentially losing technology talents, the uk with brexit that is of isla the last thing we can do. for as's decis

because it all came out of sort of that region so what we see is that the governor or the google facebook amazon and paul they are now sitting on most data in the world and which is let's say one surveillance capitalist model that we have no and the other model that we have which is basically a national bubble steiner has built. is being built because the last chinese government had nine engineers scientists out of twelve politicians and of understood very early that if they don't control this new level of data they may control the glass and you won the ordinary citizens who use their coffee machines in the fringes to confront both of these huge bubbles both the corporate one in the state like on the standard for the four for sort of people also like me took me twenty years to sort of understand sort of this so i can on the so is no way you can get this immediately but that's why is more important this moment in time to get to the policy americans to get to the politicians and to get to the people who are making decisions many of the companies you mention facebook google etc they all claim to es

amazon and facebook. quote, 25 years ago, facebook, google and amazon did not exist.y're among the most valuable and well-known companies on the planet. it is a great story, but also one that highlights why the government must break up monopolies and promote competitive markets. the new push by warren could signal a new era pitting government against big tech as house democrats prepare for new oversight in the industry. we know that amy klobuchar is going to take this on, digital privacy. and they're trying to review the now defunct fcc net neutrality rules with new legislation. we have to remind you where is elizabeth warren? she's going to be speaking at south by southwest. that is all about altec. >> at least this week is altec. this idea of breaking up monopolies and antitrust is not a uniquely liberal idea. this is one that is accepted, the lessons we learned from standard oil and monopolies. >> but breaking up a monopoly and blocking a merger are two different things. >> right. it's a good issue and we should be tackling it. so that will be 6:00 tonight. joining

google. facebook, amazon in second place in terms of spending and lobbying. google takes the first place. n: you can see them all accelerating genetically. what is also accelerating is what they are lobbying about. amazon, look at that. these of the policy areas for which amazon has hired lobbyist spy gear all the way down 2018. they are not going to endorse for everything. carol: covering all of the issues. we got more on this story and amazon's growing influence. among the top competitors, amazon out spends almost everyone except for google. last year, it broke a record for its federal funding by spending .ore than 14 million jason: we talk so much about influence in money in washington . as you said, the numbers are pretty high. is also this world of and government people. other lobbyists who have been working for other companies. is very inside the beltway. >> what amazon has done lately is hired people with connections. either congressmen or folks in beeral agencies that might able to help it achieve its business priorities. for instance, now that the house democrats have taken power

elizabeth warren laid out a detailed plan for breaking up facebook, google, and amazon. the senator stated "today, big to companies have too much power over our economy, our society, and our democracy." for reaction, let's bring in the tauscher lamb -- natasha lamb and jennifer from bloomberg. let's start with how seismic a policy change this will be in terms of the antitrust law that stands. jennifer: it is drastic. on elizabeth warren's part this is aspirational. laws, we are not breaking up companies just because they have gotten big. --even try to break a break up a company that acted in an egregious manner. they didn't manage to get that through the courts. we're not been in the business of breaking up big companies since before the 1960's. emily: let's get the investment perspective. natasha, should the u.s. be in the company of breaking up big businesses? do you think it's tightens the economy? natasha: i think it does. from the industrial -- investor perspective, looking at not just financial metrics but environmental, social, and governance factors at companies.

this morning they made a point that from a consumer perspective, when we interact with google or facebook or amazon of time their services are free especially google and facebook. the u.s. antitrust laws that exist and the way they have been applied in the past 50 years or so, they focus on the end consumer price and where people are raising prices. these companies are great for consumers. most of it is free. amazon keeps prices low. reason, the is the real customers of these companies are businesses. a merchant on amazon, advertisers on google. thoughe: it feels as some of them are moving ahead of the political push. we have seen facebook looking to integrate the back ends of ensurep, instagram to these parts of the business can't be suddenly split up in a way that elizabeth warren that is calling for. is that reality? goalair: i think the big like zuckerberg made, fiscal was always to do that. it isn't a cynical ploy to me, but the risk for facebook is currently these huge services are separate from the huge social network. it is not hard for people to imagine how they could be separated. this go

senator elizabeth warren saying she wants to break up google, facebook, amazon. governor jay inslee of washington where amazon is headquartered responded to that in this manner -- >> i think when you do antitrust law, you should set up the antitrust laws for the whole economy, not one company. i'm not sure the best route of determining antitrust law should be rifle shots at one company that you decide you don't like. i'm not sure that's the best way for us to do business. but i do believe it's appropriate to have some review of our antitrust laws given the changing economies. >> how are topics like that allowing candidates to really distinguish themselves, be concrete about their idea? >> warren's pitch has been particularly policy heavy. we've seen her rolling out this antitrust policy, rolling out childcare policy and so on. inslee obviously running on the issue of climate change. the other candidates, their pictures are not really about trump but not as specific policy heavy. a lot is more about a tone. a lot of candidates wanting to set a different tone in ta

i was keeping track how often we talked about google, facebook and amazon. >> we mentioned facebook five times, amazon once and google zero times. my question is about google. we have a google representative appearing alongside the secretary trichled the pay control. gol was the biggest spender in washington last year and while we're in the house that john podesta built, mark zuckerberg they weren't sending e-mails to the clinton campaign, and questions of soft capture. if your opinion, both to the secretary and the senator, has the 2013 decision to close the investigation google's unilateral conduct aged well? and should the ftc reopen that investigation. >> you know, i would like to see an investigation. we have talked about this. certainly you don't want to stop things back in the year 2013 when you've seen changes and seen changes across the world in how they are looking at the activities of the google and the other social media platforms. so i don't think that was our witness, right? is that right? how that all works, who the witnesses were at the hearing. yeah, okay, they're going,

elizabeth warren has a new plan to break up tech giants like amazon, google, facebook. cnn has the details. >>> house democrats pass are a resolution condemning all forms of hate. president trump is calling the democratic party after they passed this anti-jewish and anti-israel. i have a democratic senator joining me to respond. the pric? you'll make my morning, but ruin my day. complicated relationship with milk? pour on the lactaid, 100% real milk, just without that annoying lactose. mmm, that's good. hey, how ya doing? uh, phil. are you guys good with brakes? we're ok. just ok? we got a saying here. if the brakes don't stop it, something will. that's not a real saying. it is around here. i wrote it. just ok is not ok. especially when it comes to your network. at&t is america's best wireless network, according to america's biggest test. now with 5g evolution. the first step to 5g. more for your thing. that's our thing. why go with anybody else? we know their rates are good, we know that they're always going to take care of us. it was an instant savings and i should ha

the presidential hopeful posted a blog on medium call willing for lawmakers to split up facebook, google and amazonen offered a plan to recategorize the company's limit for what they can own. facebook, google and amazon have grown so large they crush small businesses. and stifle innovation. >>> you may want to think twice before speeding. dozens of new officers will be patrolling the state's highways. more than 60 men and women were sworn into the chp today. the cadets celebrated their graduation after completing six months of rigorous training. governor newsom attended the ceremony. >>> the sense of optimism about the future and public service. it's a wonderful thing. i encourage folks to think about that, when we think about law enforcement generally. and incredible heroism and sacrifices. >> the graduates will be spread out all across california. >>> up next, will it make your commute easier? what we can expect when those new express lanes, when they'll be ready on 101 along the peninsula. sarah's last tuition payment, sent off. feeling good? oh yeah. now i'm ready to focus on my project. ♪ ♪ th

amazon, facebook, also that, google to break them out. oday. >> usually break up a company because they cause prices to go higher. amazon is causing them to go lower so much that they've noticed on inflation keeping it low. thousands of businesses operate. thousands of them survive and operate on amazon. trent radio to manila for that they've got a competitive damage because they not only on the platform that they have their own products on the platform and not the monopoly. not just google amazon facebook but apple for the same reason. train for but there's never been cases where you break up the platform for the reasons cited. stuart: look, i've got a problem with a brother, but i don't have a problem with them created jobs because they do create jobs. now this. here we go again. alexandria ocasio-cortez given the rockstar treatment at south by southwest. she totally sold this age while slamming capitalism. good story. we'll check on it. >> it means that we seek and prioritize profit and the accumulation of money above all else and we se

know, i think the proposal has one really strong idea, which is this whole idea of the amazon, google, and facebookhat she calls platform utilities, meaning that they are on both sides of the business. amazon is a place where you can go find products but also amazon is more and more selling its own products whether it's white label products or whether it's selling on amazon prime video, programming made by amazon. what she wants to do is break those two things apart because, as the european union showed last year, google on its supposedly neutral search platform was constantly promoting google's restaurant recommendations, google's airplane reservations systems over those of other third parties like yelp or something. so they up fined them $2.7 billion for that. >> the european union is a model of benchmarks in terms of of how they're dealing with tech. many would say they're doing it at least in a thoughtful way, where in the united states the discussions haven't been pushed forward or begun in smart policy ways. >> yeah. all the leadership is coming out of europe, a woman named margaret was the c

some comments about elizabeth warren and this new plan to bake-up big tech companies like google, amazon facebookshe said how this would work. >> the way to think about this right now is amazon is like the umpire in the baseball game. it runs the marketplace and it also has a lot of teams on the field because it's actually competing with the other businesses on that platform and giving special advantage, putting them on page one and somebody they don't like back on page six. my notion is, you can be an umpire or you can own a team, but you can't do both at the same time. >> i know you're writing a book on these big tech companies, what do you make of her idea to break them up? >> it's a very elegant way what she describes. that's the problem with google, amazon, facebook. there are privacy issues and there are competition issues. what's interesting about her proposal is it knits together some of those things and says, look, we need to make sure that we're not living in a rigged game, not just people but individual small companies feel like they can't come into the marketplace and keep with these

she's proposing an aggressive plan to break up mayor tech giants including facebook, amazon, google, acebook would have to sell off instagram. amazon would have to sell off -- >> all those little businesses that they're running, competing businesses. yep. >> can quwho is the federal government to tell the companies they have to do that? >> there's an antitrust law that's been around more than 100 years and the federal government has done this many times, for example, broke up standard oil. broke up the great monopolies of the late 19th century and early 20th century. and the reason for that is to that we can keep a competitive economy. >> i asked cnn's global economic analyst what she makes of warren's proposal. watch. i know you're writing a book on these big tech companies. what do you make of her idea to break them up? >> it's actually a very elegant way, what she just described. it is like you own the marketplace and can play in the marketplace. that's the problem with the big tech companies, amazon, google, facebook. there are privacy issues then there are competition issues. i t

right now with giants like amazon and google and facebook, do you know how venture capitals talk about the space around them? they call it "the kill zone" because they don't want to fund businesses in that space, because they know amazon will eat them up, facebook will eat them up, google will eat them up. we need a chance for every one of the young people in that room to thrive to, get their idea out there, and if it turns out to be the next google, good for them. >> brennan: >> you said nobody is beating down the door. how is fund-raising going for you? >> it's great. there's a lot of small-dollar fund-raisers. i have been calling people who donated $25, $5, $50, $10, and i had some great conversations with them. i get chance to ask them why you got -- what pulled you into this. and people talk about the things that matter most to them. >> the house this past week had to vote on a resolution condemning hate of all sorts because of what one congresswoman had said, ilhan omar of minnesota. >> let's talk about the political influence in this country that says it is okay for people to pu

emily: now, by one estimate, amazon's digital and share will grow to 8.8% this year, and google's will slip to 37.2%. how big a threat is amazon to facebookhen it comes to advertising? sarah: to facebook and google, they are "the" threat. there is really no one else two dominant e mobile advertising. advertisers want another option. they have seen problems, for example with the new zealand shooting last week that went viral on facebook and youtube. they want an alternative to the social networks, places where that kind of content can surface, and amazon is giving it to them. emily: you wonder, spencer, ads like this seem to be an obvious option for amazon. why has it taken them longer to ramp up their ad products? spencer: amazon has been wary of advertising for years. ramping up.owly ut we see they want to use it more. the fear has been about compromising the customer experience. are we going to devalue our web store, by cluttering it with advertising in a manner that disappoints our customers? so what they have been doing is slowly adding it, and learning that a lot of customers supposedly find these advertisements helpful, so that is w

. >>> senator elizabeth warren called for lawmakers to split up facebook, google and amazon. she offered a plan to recategorize the companies, limit what they can own. she says they have grown so big they crush small businesses and stifle innovation. none of the three companies responded to her post. >>> if you've been thinking about adopting a pet this weekend, now may be your chance. want to show you some doggies. you can pick one up for free at the contra costa shelter. it is running out of space adop saturday. >>> in honor woma tar steph curry debuted his newest sneaker designed with help from a local friend. riley morrison wrote curry a letter asking why his shoes didn't come in girls' sizes. curry got the letter and contacted her back to say she was right and he needed to make that change. he teamed up with her to make the new sneaker, the curry 6. riley designed the sock liner that features empowering phrases. >> so t girls and wrote encouraging words around it. >> mm-hm. >> i say my favorite is "be the change." >> it's very inspiring. the shoes and the letter from ril

francine: when you look at small businesses in the u.s., how much are they getting hurt by google, facebook, amazonmpanies -- should they get broken up? jamie: i do not think they are being heard. some are being helped, some are being hurt. being broken about up, but there are serious issues around privacy which i think europe is ahead of also on -- is ahead of us on. the second is democracy itself. should people be allowed to use these systems to affect our democracy and the answer is absolutely not. i do not know how to stop that. the third is competition. the folks you were speaking about -- no one should be using their platform to kill competitors. we always believe in an open system and some do are quite good job. some have not. francine: this changes. it feels different. before you competed in bricks and mortar. jamie: exactly. that is creating an opportunity. some small retailers have been hurt by that but the consumer votes with their feet. governments cannot say you will not buy there. if you want to all we have to do is find a way to serve you so we do not get killed by competition. askin

warren on the medium blg writing it is time to break up amazon, google and facebook.'s turn to tony romm to talk about this. so obviously the plan pre-supposes that the senator would become president of the united states. but if she does, could she really force this kind of breakup? >> yeah, the senator could certainly force this kind of breakup on companies like amazon, facebook and google. and make no mistake, this is the toughest plan that we have seen to date from any of the democratic contenders for the white house in 2020. and basically there are two parts to what senator warren has proposed. the first would be to use her power to put people at key agencies that could take a look at tech companies and potentially break them apart and the second is the writing of new regulation, passing a law that would put in place penalties for tech companies and essentially separates some of them that offer large line oig plonline p. it will be interesting to see how other democrats potentially follow suit. >> how would you even go about doing that, what would that look like,

elizabeth warren is proposing a plan aimed at breaking up tech giants such as amazon, google and facebook. regulators could unwind tech mergers that illegally undermine competition. have more on this story coming up in just a moment. the u.k. had reportedly rejected the european union's latest brexit offer before it was announced. the eu said it would allow the so-called irish backstop to apply only to northern ireland, rather than the entire united kingdom. british negotiators had already dismissed the idea tuesday. choice.u has to make a we are both part of this process. the decisions the european union makes over the next few days will have a big impact on the outcome of the vote. european leaders tell me they worry that time is running out and we only have one chance to get it right. my message to them is now is the moment. mark: the prime minister reiterated that the proposal would not alter the uk's commitment to the belfast good friday agreement of 1998 and two avoiding a hard border in all circumstances. much of venezuela is still without electricity. the country's worst ever powe

the latest elizabeth warren wanting to break up big tech giants including google, facebook and amazonaims they have too much power. she doesn't care about the pocahontas stuff. >> i don't know what she will go on legally to break up google. yahoo. they are not as good. take the most successful thing about america and destroy it. that's a good way to run. kamala harris wants to legalize prostitution, she can't do that. or medicare. she'll pick out something else that makes her unique. i don't think this will resonate with anyone who has a respect for the free market. >> you know who people should be looking at is bernie sanders. he is the only democrat who threw his name in the hat that is generating excitement on the left. you are seeing -- >> who is genuine. >> exactly. he comes across as authentic. when you have such a crowded primary field unique situations happen. bernie sanders is the one that emerges as the frontrunner in the democratic party. >> she gets credit for doing something no one else has done. >> you know what? she is all about co-opting someone else's character. now i

her main targets are amazon, google and facebook. she wrote today's big tech companies have too much power over the economy, our society and our democracy. she wants to platform utilities. the move would have a spiraling effect. facebook owns instagram and what's app and amazon just merged with whole foods and google owns nest and waze. >> i think she is trying to get into the heart of how to create a policy prescription and i don't know whether they are going to happen but i think at kick starting a conversation. >> she wants the companies to easily besinessco by federal or state regulators and is asking people to sign her petition. >>> president trump and the first lady are in alabama to meet the deadly tornado and tour the damage left behind. the first stop a baptist church serving as a disaster relief center. the e-f4 tornado killed 23 people in lee county and local groups have pitched in to pay for the victim's funerals. people there are bracing for more severe weather this weekend. >>> new at noon army whistle blower manning wa

google and amazon and facebook have virtual monopolies. mickey: yeah, that's a problem. 's a problem. but, you know, people's behavior are also changing, right? for example, many people go to amazon instead of going to google in u.s. in japan, they go to rakuten instead of going to google. some people have a different idea of getting to the product. all these products, the platform is to go into the -- need to think about it, how to to democratize their platform. emily: you're a huge investor in pinterest. they filed to go public. how big do you think pinterest can be? mickey: i don't know. when instagram came up, i thought, oh, my god, this is going to be a crisis for pinterest, but i was wrong because instagram is about people and pinterest is about product. so, again, more product focused rather than people focused. so, definitely there are still many people who like pinterest and they are diversifying their source and hopefully they will -- and their international seems to be going well. emily: how closely are you following the u.s.-china trade war? mickey: one thing

right when the news broke i called amazon, google, facebook. so far no reaction from amazon. book said no comment. it pointed me to nyu professor piece on forbes, antitrust in the age of populism. google pointed me to a blog post information, tech innovation foundation. a by think tank for science and technology. i will quote part of it. it says thinking big is bad is a mistake. we'll show you the statement on your screens and small is beautiful is an, ideology run amok. long story short, they say if you break up these companies, it is going to cost consumers money. now i reached out to somebody else who has been very vocal on this, nyu professor but he is on the other side of the market. that is scott galloway he actually says he is for the breakup, by the way. he thinks big tech is snuffing out the next level of competition. he says he sees elizabeth warren becoming the intellectual leader of the democratic party on this call. while other senators are essentially complaining about big tech that senator warren is the only one coming through with this how-to plan, whether you

they promote the plan to break up tech giants like facebook, amazon, and google. e company said it violated his logo abuse policy. think facebook has too much power, let's start about their ability to shut down a debate over whether facebook has too much power .emily: i'm emily -- too much power. facebook restored those posts. ted cruz also retweeted elizabeth warren's tweet, "first time i have read tweeted elizabeth warren, but she is right. facebook has way too much power to silence free speech. a serious threat to our democracy." it is a debate we will continue to have. coming up, regulators halting flights of the boeing 737 max after a second crash. president trump is weighing in, sing commercial aircraft are "too modern." that is next. this is bloomberg. ♪ the issues of tech regulation and enforcement have become a major platform for politicians. i asked him nuclear -- tony blair if tech needs more regulation. >> it exploits anxiety about the pace of change. they see these big companies, wealthy people who run them, and they target the companies and the techno

warren revealed a plan as she campaigns for president, taking aim at the power held by google, facebook, and amazonnt trump's top economic adviser says trump and xi jinping could meet as soon as this month. now, for high-profile breakthroughs and setbacks, what

the ape is the employees 6 facebook, google and amazon are heavily left wing and support the politicsook, amazon and google. i think that the $2,700 which she referred from sheryl sandberg, number two at facebook, and she got that money just in september, that was a lousy investment on the part of sheryl sandberg, wasn't it? because here you are giving money to a politician who wants to break up your company. >> if the issue is somewhat going across party lines, i find it very interesting rupert murdoch weighed in yesterday breaking up google not a bad idea and ted cruz came up and said breaking up facebook i agree with elizabeth warren on that. this is an interesting issue, isn't it. >> two sides to this story. on the one side have you these job creators, and that's what facebook, amazon and google are. they are platforms which allow the internettization if i can use that word of lots of other industries, massive increases in efficiency and jobs outside those three companies. now, if you break them up, you stop the flow of capital creating new jobs. the other side of the coin is, and

. >> so as far as facebook response, google response, amazon response. i reached out to all three. did not hear back from amazon. facebook and google both wrote back to me but put me linked to pieces about how saying big is wrong and small is beautiful as a very flawed mechanism, especially in a capitalist society. >> dana: what's interesting these tech companies might have to get off the sidelines when it comes to the 2020 candidates. >> indeed. they're going to have to. it's one thing to be dismissive and say elizabeth warren is really out there on the left and kit never happen here, but in the business world, we remember microsoft being declared a monopoly. that started in the e.u. the e.u. made that case. it really rattled microsoft. they were broken up. it took them a decade to refind their feet. i think the most damaging part of what she's saying is these companies prohibit competition because we have seen that argument work in different areas before around the country. >> dana: all saying this at a time when the economy has not been better. a weird time to do it. >> all thes

campaign ads calling on the company to be broken up, the ads calling on big tech companies like facebook, google, amazonse they have too much power over consumers. facebook did an about-face with this decision restoring those ads after a report in politico. here's what facebook had to say. we remove the ads because they violated policies against use of our corporate logo in the interest of allowing robust debate, we are restoring the ads. they say it is more about the logo, not the content. heather: let's talk about apple, big event on the 25th in some big potential announcements. >> reporter: media invitations to a big event on march 25th, speculation that apple will unveil long expected service, more digital services to compete with amazon prime, netflix and all of that. we will see on march 25th, particularly when they introduce new ipads, not sure if we will see new software. those haven't been updated in a while. shannon: a wireless charging case, see you later. the time is 8 minutes until the top of the hour and country music legend dolly parton taking aim at a 2020 democrat, the candidate she say

which that people can keep all of that data in one place and then control how the likes of facebook google amazon access that data what data they can access he's also pushing for something that he cause the contract for the web which is an international set of laws signed up to by the nations of the world that can govern how we all use the internet and how our information is used maybe a way to change the next thirty years of the world wide web all right rob thank you so much our business reporter with the story thank you. now the u.n. environment programs annual assembly has opened in nairobi member states are looking at ways to slash pollution and build a greener global economy in the host can't country kenya a little sign sand mining as a growing environmental threat a building boom in the nation's cities is driving demand for sand but dating it out has depleted water supplies and lead to violence melanie cornball visited a district where the promise of quick cash from sand is having devastating consequences. it's a walk across this god landscape which john mccain called home this used to be a

initially gained f from a 3% levy on digil sales in a move to bring internet giants like google amazon facebook and apple to heal. international cooperation is required i is reaeally trying tx the internatational t texas and prprotecting profits it's far to easy for companies to shift their profits around between countries. among those profits a pair in low tax jurisdictions is actually moving the place of taxaxation of where we gonnnna x googogle's profifits. to the ple where they make sales -- is precisely what previous efforts fallen down france has already failed to gain traction at the e. u. level off the low tax jurisdictions like islands concerned over a loss of investment blocked action. even germany was tested on the idea against itsts car industry should critics have said it doesn't go far enough t to addrs thee issueue on a wider s scaleo measure up the measure is more symbolic and comeses from a nee- to so the yellow vests protesters. who want more than anything else of farah the tax system? was i remember the digital giant's on experts when it comes to t tax optimization. whatever