the fact that this happened nearly two years after facebook, twitter, google, microsoft, and other major tech companies established the global internet forum to counter terrorism, or pronounced gifct, is troubling, to say the least. the gifct was created for tech companies to share best practices to combat the spread of online terrorist content. back in july 2017, representatives of the gifct briefed this committee on this new initiative. at the time, i was optimistic about its intentions and goals and acknowledged that its members demonstrated the initiative and willingness to engage on this issue while others have not, but after a while, and white supremacist terrorists were able to exploit social media platforms in this way, we have doubts of the gifct and its effectiveness. representatives of gifct briefed to this committee in march after the christchurch massacre. since then, myself and other members of this committee has asked important questions about the organization and have yet to receive satisfactory answers. today, i hope to get answers regarding your actual efforts to keep t

the biggest tech companies in the world some of the wealthiest companies in the world we think google microsoft amazon and all of these people all of these work with algorithms they all were. big data according to nicole tree who who co-wrote the costs of connection he says that this may well just be the beginning of big data collection that way that we're saying he's a sociologist who's been getting a lot of attention recently he focuses on big data and its effects on society but he also calls it a kind of colonialism i mean that's a bit much. colonialism but not in terms of the physical violence that took place he makes a very good argument about the colonialism of empire building and extraction that they are the same as what's going on today so he says that every time we click on terms and conditions when we want to watch a film when we want to listen to some music we're agreeing to something that we don't really understand. as other parallels as well including the an extreme concentration of wealth and power companies that have access to be data also enjoy huge amount of power and they also

into graphics customers can understand if for example he's compared patent registrations from google microsoft and apple couldn't the companies themselves do this kind of thing. under standing as growing increasingly important there are nearly 100000 new international patents registered a month and no one can keep up so there's a demand for software that can intelligently evaluate that they can understand what they're about and determine if they're relevant and valuable for. months customers mainly come from research heavy sectors id companies for example. helps them keep tabs on the competition and also keep track of their own and use patents for license or sale. so is there any hope for our neglect of patent. can help us find out. in front of this information the content of the patent the to work out whether other similar patterns exist and whether other companies are active in this field because they are potential customers. for them. it turns out a location tracking patterns could well find a take on the different sector. game designers for example are researching similar technologies as a

it is hitting some technical resistance, but if you look at microsoft and you look at amazon and googleit was the tale of three cities here in a way microsoft had a good print, didn't really go anywhere. amazon had an okay print to negative, it went down a little bit. google had an unexpected good print and went up a lot. the one thing about google, alphabet and apple, expectations are relatively low, both off 10% or so from the all time highs. when i think about the quarter next week, the options market is implying $9 between now and next friday's close. on average, this stock moved 6% after day's earnings that's a lot for a name this big. i think expectations are low they put up a decent enough print into a weird quarter i think they have a mulligan almost with the trade stuff and i think the stock goes higher and option prices are probably pretty reasonable enough to make an at-the-money bet to get a breakout at that level the trade is simple to me. if you are bullish and you think it has the potential to outperform like google, you buy a call when the stock was trading at 208, you c

how is what ibm is trying to do different than what amazon web googles, microsoft, and do with theirlouds? olivia: they all provide different public cloud networks that have particular kinds of strengths. example,strength, for is its infrastructure services, or salesforce's cloud's strength is its customer management platform. you see companies buying and using these clouds for different reasons. what ibm is attempting to do is become the glue that will stick together or connect all of those different clouds onto one platform. you may be a company that needs to use salesforce for a particular reason and amazon for another reason. that means you may end up with up to 15 different cloud providers that all operate independently, and you have no way to bring them all together. ibm is hoping it will be able to become the connective tissue that aligns all of these clouds under one platform. one of the really interesting things here is this idea, this kind of strategic move to become partners with their former competitors, like amazon, microsoft, or google, is what ibm actually did in the 1

google as a search engine but much of the money these giants make comes from rather hazy source these days cloud computing and. it's division a ws generated more revenue on its own then mcdonald's microsoft's intelligent law business brought in over 11000000000 in the 2nd quarter even though google klout revenue is fos more than amazon's all microsoft the alpha division includes cloud still generated $6200000000.00 this quarter now with me in the studio is mark since he said it takes specialist this is to be a lot of money to be made in the clouds other any significant other plays so the money is made not on the cloud because we've seen over the counter kind of fluff you think they're in there is made of data and the cloud is one of the ways of how companies can access data personal data and so forth with the players there of course we have to think about cloud as a service as infrastructure or software and services the biggest player here is of course facebook question because a cloud based company where is making money on advertisement about it wouldn't be possible if it wasn't for the fact that they run the entire centralized cloud where we interact and exchange our information so the o

productivity software, apps well behind google, microsoft, and others in china in usage.he crux of the issue is that tole charges a 30% fee third-party developers. apple music compared spotify. apple isn't paying a 30% share of what it is getting whereas spotify is paying 30% to apple. they feel apple has the competitive advantage because they are on the same platform. there are also arguments on the others as well. ben: following --emily: following the antitrust hearing last week, they sent some follow-up questions to the company and made this statement, " i was deeply troubled by the misleading answers and statements made. it is unclear if these responses stem from the lack of preparation, purposeful evasion, or the inability of the companies to bring appropriate witnesses for the hearing." now with the attorney general opening this investigation. >> what you get when you have this level of pressure that goes across washington is that you make it easier to eventually do something to the companies. you have pressure on them, distracted them, and in many cases you have ma

apple, facebook, google, microsoft and so forth. you worry there is too much power and too much data in the hands of these technology companies and are you surprised the government has not done more about this? bill: technology has become so central that government has to think. what is that mean about elections. what does it mean about bowling. -- about bullying? was a man about wiretapping authorities that led to find out what is going on financially. drug or money-laundering. yes, the government needs to get involved. for the early years of microsoft, i bracket that i did office inn washington, d.c. and eventually i came to regret that statement. it was kind of almost like taunting washington, d.c. and now, the technology companies because of the left of -- the lesson of microsoft -- they could have seen that lesson through at&t or ibm or a lot of innovators as well. they are very engaged. the will be more regulation of the tech sector. things like privacy. i'm sure there -- and there should be some sort of regulations that relat

worried about vampires and we should've been worried about amazon, we should've been worried about google, microsoftere vampires that suck the life and capital out of other competing firms. if we did not have venture capital private equity firms you would not see a machine like this. an iphone that has more power behind the moon landing of 50 years ago. this is an attack on what has made america great and in warren's world she would like to have all the power and the money of the government because they know better than everyone else. >> you make an excellent point, i want to build on that. this is the problem with the democratic party. there is so much pressure to go left, left, left. to be more like the squad and at this point they are coming up with rules and regulations for the sake of doing it. i was on a show and the panelist said nancy pelosi is considered body o moderate. when that is the case you know how extreme the party has gone. there is nothing wrong with a little regulation, for example out of the financial crisis. at the same time you are going to chip away at the capitalist engine.

at the same time they're also in directly working for microsoft for free it's no secret that microsoft google and call collect as much location data as they can through my phone so long as i don't opt out the data collected from minecraft earth. it's going straight into microsoft's cloud system and is helping create a super precise 3 d. model of the earth this troubles privacy advocates now microsoft insists that no photos of the gaming environment will end up online only low resolution point calls but what about if i play minecraft at home will my apartment then be scanned and uploaded as a point klout. what's clear is that in they are kompany money from personal data as well but that's not their only source of revenue. companies that make free to play games such as my 10 o'clock she forever plenty of money for me pictures says 2017 worldwide in pictures revenues reached incredible 33. players don't have to find anything but then they will have to be more patient. there's a system of time mechanisms. if i don't want to wait to carry on playing then i have to buy gold or diamonds etc so that

all of tech -- >> either that or we're going to see the actions of the government relative to google, microsoftd amazon affecting those stocks in a manner more similar to what we've seen already at facebook. because i don't think this is a facebook exclusive problem they have cambridge analytica. the other guys didn't have that really bright, shiny light and there's a film out just yesterday on netflix called the great hack which really delves into that which i think is going to increase pressure but at the same time, i do think you have at google all kinds of regulatory issues on the horizon. >> it feels like what you're saying is everyone is reacting to what they're doing, but what if all of a sudden lawmakers get proactive or do you believe that that's just not going to happen? because that could fundamentally change their business model? >> from your lips to god's ears as far as i'm concerned. because i spend a lot of time in washington and the thing i can tell you is inside the trump administration, both the department of justice and the -- in the anti-trust division and the federal trade

and dell all the others mentioned microsoft google alphabet and amazon companies on the altering plans of moving production to avoid new tariffs but also because they face high operating costs in china. u.s. private equity firm. put in a $3400000000.00 the german lighting group. the company formally is siemens subsidiary employs $26000.00 people to purchase off a board in the includes guarantees that office locations and jobs would be maintained has been struggling struggling to turn a profit in these times the final decision about the buyout is expected later today . and that's it from me and the business as a team here in berlin for more business news analysis background stories check out . slash business now stay tuned d.w. news is next right after this quick look at global markets. play. play. play. play. play play game. does. appreciate music. for a swiss cheese maker trying it out of. his lemon thomasin plenty of loving attention. and he plays music for it as well so can you taste the difference was the idea that cheesy front. leg the be played . i've played. people of the world

and dell other others mentioned microsoft google parent alphabet and amazon companies on the altering their plans of moving production to avoid new tariffs but also because they face high operating costs in china. u.s. private equity firm colloguing bank put in a $3400000000.00 of a german lighting group also the company formally as siemens subsidiary employs $26000.00 people purchase off a horse at least includes guarantees that office locations and jobs would be maintained also has been struggling struggling to turn a profit and sometimes the final decision about the buyout is expected later today . and that's it from me and the business. formal business news analysis back on stories check out. business. is next right after this quick look at global markets the for. when you will. be the 1st americans at some point in our lives will experience hardship listen. i'm not laughing at the germans because sometimes i am placed and laughing with the people think deep into the german culture. you did seem to take this crown the day off to you it's all that. time rachel join me for me to shu

and dell technologies others mention of microsoft google parent alphabet and amazon u.s. president donald trump and china's xi jinping struck a trade war truce at last weekend's group of 20 summit in japan but the companies are not likely to alter their plans of moving production just to avoid tariffs they will face higher operating costs in china. the white house's economic advisor larry kudlow says trade talks with beijing could resume as early as next week representatives from both sides have been in phone contact since last weekend's meeting between the leaders of the g. 20 but their latest figure is have yet to reflect trump's efforts to rein in the u.s. trade deficit at its widest in 5 months the gap between imports and exports rose by almost half the same to make american car imports also climbed to the highest on record as businesses may be stocking up ahead of an expected increase in towers on chinese goods. let's get the european perspective on this from conrad who isn't outside the frankfurt stock exchange forrest trump hasn't been tweeting about that deficit l

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

how is what ibm is trying to do different from what amazon web services, microsoft, google do?livia: they all provide different public cloud networks with particular strengths. iszon's strength infrastructure services. cloud's strength is its customer management platform . when you see companies buying and using these clouds for different reason. ibm is trying to become the glue that will stick together or connect all of those different clouds onto one platform. you may be a company that has to use salesforce for a particular reason. up to 15 different cloud providers that all operate independently, and you have no way to bring them all together. theis hoping it can become connective tissue that aligns all of these clouds under 154 -- under one platform. the strategic move to become partners with their former competitors is what ibm actually did in the 1990's regarding the global services platform. it kind of partnered up with software providers, and allowed hardware, weour will partner with you instead of run against you. emily: a potentially huge technological transition unde

not only ibm but for the wider cloud space and also for other providers like amazon, microsoft and googleo will now be seen as partners to ibm rather than rivals. emily: interesting. what are the risks to the new strategy? what could go wrong? olivia: one of the biggest risks is whether or not red hat will be able to fold into ibm. this company is known to have a staunch and old-school corporate work culture. will this open source lenox providing company called red hat, being known to be a renegade and revolutionary in the space, really be able to come into the ibm family? we heard ginni and jim talking about how within the acquisition, red hat will remain independent, a distinct unit, within ibm. it will have its own consulting services, sales, terms and conditions. red hat leadership team including jim, will remain within red hat. they will be able to talk to their own clients rather than through ibm. they are hoping that in order to maintain red hat's independence, the integration will really work seamlessly. usey: we have heard ginni the words hybrid cloud before, in fact talking abou

google and microsoft there are a lot of companies that building technology they refuse to sell to ourary, our police in united states, but yet they clab -- grab -- collaborate with the chinese. everyone that they are building from ai, machine learning, facial recognition it ends up in the hands of chinese military, that does not please a lot of my friends, pelton group, they are stationed all over the world. >> very interesting to see how google in the statements, is parsing words appears to be prevaricating, we're not directly dealing with the chinese military. well, directly is the operative word. quote from the chairman of joint chiefs, general dunford said, the work that google is doing in china is indirectly benefiting the chinese military. that is the point you are making. >> yes. they are collaborating with chinese, building technology they know full well will end up in hands of the military. we in america even with artificial intelligence. we believe about a human in the loop, no one can pull a trigger or drop a bomb without a hume knoanmaking that -- human make g final decisi

year level some headwinds cloeing growth in cloud computing, facing more competition from microsoft and googles the race with microsoft for the $10 billion government jedi cloud contract e market expects them to have 9% of the u.s. ad market at the end of the year. on the regular torr regulatory, surprise here. they have a longstanding policy of not commenting on regulatory matters. when pressed during the media call he said that amazon's guidance does not include any particular penalty or impact from regulations, and so far on the analyst's call no questions on regulatory pressures. back to you. >> thank you, deidre bosa. for more reaction to amazon earning let's bring back gene munster from loup ventures thought on the call? >> they captured it pretty well, that the unit stepped up from 10% in march warter to 18% that was the best unit growth this had since march of 2018 i think that's the reason why, despite the comments of them continuing to spend, that the stock has not traded off i do believe that the spending cycle, there needs to be some light at the end of the tunnel the reason is tha

aws is still the leader in the rapidly expanding market they have competition with google and microsoftnk they can handle that they are making a big push in advertising. look out for amazon as far as the major logistics provider >> victor anthony of aegis capital. thank you. >> thank you >>> let's get to the action in the bond market today. rick santelli is tracking that at the cme >> hi, kelly two-day charts you see the big drop yesterday right at 8:30 eastern. at that time we were getting the durable goods headline also mario draghi. everything is pretty much the same pattern however, let's look at minus bund in mid-may. that's a good thing. let's out run. maybe we can out run the bad policy the questionable policy because as you look at the euro versus the dollar, the lowest level since may of 2017. maybe they are in thmanipulating their currency kelly, back to you. >> rick, thank you very much >>> coming up, beyond meat versus bitcoin and pet power and lean hog getting leaner that is in today's tasting menu. today's power house is 58,000 square feet. actual 2 karat gold covered fron

months, we have seen similar statements, less aggressive, from the pentagon some months ago, google saying microsoftmazon, our biggest competitors in cloud, actually have a presence in china. they have research centers. google has been out of the market for years. they have certainly tried, and that is what they referred to. we suspect, or mark warner mentioned this earlier, that they rejected a pentagon contract and at the same time revealed they were working on a search product in china. emily: so in a statement, google said, "we do not work with the chinese military. we are working with the u.s. government, including the department of defense, in many areas, including recruiting, health care." peter thiel in the past has expressed interest in investing in chinese companies and is on the board of facebook, a huge competitor to google. he has got a fan in the president himself saying, "now we need to investigate." mark: i think thiel's view on this is similar to a lot of mainstream, american views, what to do about the chinese influence. that is a little rich of thiel to be saying this with his fac

how is ibm different from what microsoft and amazon and what they do in their clouds? olivia: amazon, google all provide different public cloud networks that have particular strengths. like amazon's strength for example is its infrastructure services. or salesforce cloud streams as a customer relations and management platform. you see companies that are kind of buying into these services and using these clouds for different types of reasons. and what ibm is attempting to do is to become the glue that will stick together or connect all those different clouds onto one platform. so you may be a company that needs to use salesforce for a particular reason and needs to use amazon for a different reason. that means you may end up with up to 15 different cloud providers who all operate independently in different silos. you have no way to actually bring them together. ibm is hoping it will be able to become the connective tissue that in essence aligns all the different clouds under one platform. and one of the really interesting things here is this idea, this kind of strategic move to become partner