so how do we make iot more secure.continually being hacked. why is it so hard for manufacturers to make them more secure? it is not hard. itjust needs some thought, some effort and sometimes spent doing it right. the manufacturer of iot thing is trained to get the market —— get it to market, and if someone comprises their security, do they carry on shipping ordered a comp at us as consumers? do they carry on shipping ordered expose us as consumers? i would hope that security is getting better year—on—year with these things. i don't think so. i think it is getting worse. everyone is piling into the market, everyone wants to jump on the bandwagon, doing cheaper products with less security and it seems like we are buying it. don't worry about that, it's fine. just give me a hand with this... thanks. in here i have got some iot devices. here is one that i really like the look of. this is my wi—fi doorbell. read idea. great idea. it sends an image of what is going on at your door to your phone, fantastic idea. except you ca

lives and iot there is an added challenge. that came uphing on a cyber security debate. when you think about the debate of encryption backdoors for example, one of the things for is making surety when you think about the costs here we are appropriately costing consumers and businesses something like a ransom ware attack. that is a kind of vulnerability play out in real time. it is a valuable lesson and some the policies in this area, we continue to focus on it. we have been looking at for the past couple of years. one of the areas we are very -- the nuisance random where attacks. imagine i turn on my television and instead of game of thrones $50 andam says pay me then you can watch your program. it the consumer supposed to do and how should they handle that? is a real challenge that we haven't found the right answer to yet. let's bring in david cave, who covers technology. ftcou mentioned the released some guidance. average americans, who are not up-to-date on every path and every exploit, what are the three things they can do. i have 10 devices running different version

in here, i've got some iot devices. here is one i like the look of. what is going on at your door to your phone so you can answer the door when you are not at home. you can unhook it from the door, press this button and it'll give you a wifi key so you can hack the customer's network. ok, right. beggars belief. here we are in a castle. this is a smart door lock. you can lock your door from your phone, but it hooks up with voice control. with amazon's eco, you can go, lock door. it locks the door for you. it doesn't do anything silly like unlock door unless you hooked it up to siri. before you could shout through the door, "unlock door," says the burglar and it unlocks the door. this is a smart thermostat and you can control your heating from your phone. in we found that you could hack them and do crazy things like install ransomeware on them so they could hold your heating system to ransom in the middle of winter. so you can turn the heating off and demand money to turn it back on. yeah. buy yourself a fire, like we've got! it seems these gaps in our

how do we make iot more secure? hacked. why is it so continually being hacked. why is it so hard for manufacturers to make them more secure? it is not hard. it just needs thought, efford and time to do it right. —— effort. they have to do it right. —— effort. they have to get their product to market and somewhere, to get their product to market and somewhere, someone says to get their product to market and somewhere, someone says security. do they carry on chipping orders ship it out and expose us as consumers?” like to think security is getting better. i think it is getting worse at the moment. everyone wants to jump at the moment. everyone wants to jump on the bandwagon. there is less security, cheaper products and people are buying it. don't worry about that. it's fine. give mea give me a hand with this chest, please. in here, i've got some iot devices. here is one i like the look of. it sends an image of what is going on at your door to your phone so going on at your door to your phone so you going on at your do

would argue since we've been talking about the internet of everything that there's a huge number of iot companies that don't even understand they have an open internet problem and might be very surprised when they tart to encounter -- start to encounter some of these challenges in their industries. think about a connected car, for example, and the amount of data a car might need to be putting on and off of networks and how we'll handle those kinds of questions. >> i'm curious how you think the recent ninth circuit decision to rehear, effect effectively, a case that dealt with your agency's ruling over common carriage. >> guest: so this is a very important case for us. in this case the underlying ninth circuit panel decided that if a company had status of common carrier under the federal communications act, then the ftc did not have jurisdiction. now, that's obviously a huge gap for us the if that is upheld. but what's very encouraging is the ninth circuit has decided to rehear this case and, in fact, they have vacated the underlying decision pending their review. so i'm verien encourage

will it be this voice interaction, will it be some leap in iot, virtual reality doesn't seem to have done it. mike, is there anything on the horizon you think is going to drive demand perhaps from silicon valley instead of them having to reach to new york or l.a. to get engagement up? >> i think i would not want to play against mark zuckerberg in a board game because he's clearly willing to destroy your company if it means winning in this case and that meant -- >> he will look at your cards. >> yeah, exactly. he knows exactly where my cards are. i'm probably not holding the best cards. that said, it's interesting to watch facebook do this sort of i guess copying, if you want to say they are riffing on a format that snapchat created, the thing is, though, i kind of agree in certain respects with john because like at one point it's like okay, these things are out there. if you look at the evolution of the feed and what the news feed has sort of become and how that evolved from different products over time, i think companies sort of tend to take from one another a lot and eventually som

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. >> soso, j gh, iot the intel. >> as for the business at hand -- >> you said you were a grandpa driveris with us in the car for the first race. up next, josh in the hot lap. eight turns in 1.6 miles. top speed, 115 miles per hour. >> you're up. >> now, it's my turn to teach grandpa a lesson. >> there you go, left, left, left. >> but josh takes it by a second. i go first on the next test. the slalom. >> here we go. >> josh is off like a banshee. and he wins. the final test comes with a twist -- a slalom driving backwards. >> yeah, he's faster backwards. >> for the final half, grandpa takes a little shortcut. i crushed that last one. i win by over 4 seconds. so i'm the overall winner, right >> so, it looks like the official winner is -- josh duhamel. >> what? >> i guess it looks like cam can't beat me in the maserati ce >> i guess it does. >> congratulations. >> that was a lot of fun. >> i want a rematch. come on. >> listen, i know that hurts because that's your guy. maybe racing's not your thing. but a guy who looks like this, there aren't many folks who can wear him out in the gym unle

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iot, internet of things. you're going to start seeing that quite a bit. dan, ama, hackers already hijacked millions of consumer devices that are connected to the internet and turned them into weapons. coming up, we'll take you inside the east bay lab that is working to secure your home. >>> and this isn't your normal dinner invitation. the bay high school student standing up to islamophobia one meal at a time. >>> increasing winds and decreasing temperatures. we'll check out your weekend coming up. >>> first, a look at what is coming up on jimmy kimmel live with guest host kristen bell right after abc 7 news at 11:00. kristen? >> thanks, dan and am map. now more than ever it's important that you see this. ♪ do you want to be his prom date ♪ ♪ and go with mike >>> from remote controlled security systems to smart appliances, consumer devices that are connected to the internet can make our lives certainly more convenient. >> but that convenience is also raising some security concerns. 7 on your side's michael finney talked to the experts about where the hole

iot, internet of things. you're going to start seeing that quite a bit., ama, hackers already hijacked millions of consumer devices that are connected to the internet and turned them into weapons. coming up, we'll take you inside the east bay lab that is working to secure your home. >>> and this isn't your normal dinner invitation. the bay high school student standing up to islamophobia one meal at a time. >>> increasing winds and decreasing temperatures. we'll check out your weekend coming up. >>> first, a look at what is coming up on jimmy kimmel live with guest host kristen bell right after abc 7 news at 11:00. kristen? >> thanks, dan and am map. now more than ever it's important that you see this. ♪ do you want to be his prom date ♪ ♪ and go with mike >>> from remote controlled security systems to smart appliances, consumer devices that are connected to the internet can make our lives certainly more convenient. >> but that convenience is also raising some security concerns. 7 on your side's michael finney talked to the experts about where the holes ar

iot elaine this latest provocation derails this possibility at least any time soon. >> quijano: adriana diaz. adriana, thank you. elmanuel macron was sworn in today as frances new president elmiowing his overwhelming defeat last week of the far right candidate marine le pen. he rode in a motorcades down the champs-elysees toward the arc de triomphe. .e inherits a divided france with a shaky economy. he says will help the country get its confidence back. the civil war rages on in syria. seth doane is in the capitol damascus where the syrian army is claiming victory of more than 1500 rebels and their family members are evacuating a suburb that has been reduced to rubble. >> we've been granted access by eeria's government to come here ca damascus to report from the d.pitol city which is under the tight control of syrian president assad. there are checkpoints everywhere, and e center of the city itself is relatively quiet. but in the suburbs there say battle taking place. assad's forces are making gains ts they try to pry the last pockets of land from rebels who had dug in near the capitol.

importance that we all are starting to experience more and more in our daily lives of keeping software and iot devices current in their security. there's an added challenge here, too, and it really is something that comes up in broader cyber security debate which is properly assessing the cost to consumers and our economy of a huge victory vulnerability. we we think about the debate eye around encryption back doors, one thing i'm an advocate for consumer security cares deep live about is making sure that when we think about the costs here, we are appropriately costing out the consumers and businesses something like a ransomware attack using an exploit that has been made public and that's the kind of vulnerability we're seeing the consequence play out in in real time. it's a valuable lesson and i hope as we think about the policies in this area, we continue to really focus on it. the ftc has been focused on ram sorry war for a while, the last couple of years, and one area we are we're very concerned in is the possibility for almost nuisance ransomware attacks, the internet of things. so, imagin

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when is it going to bite, when people are going to say this is not what iot for >> some of it is predictions and those predictions are going to take a while to come true and to transition to say different system. but some of them is self-evidently not what he promised to do and the primary one of those is medicaid. $880 billion over the next decade cut out of medicaid. i just saw it on your screen, he promised not to touch it. how do you explain that one? >> well, that's poor people. >> well, that's a good point. >> do they care? do the trump voters care about poor people? >> well, you know, the medicaid expansion -- >> and the ones who -- >> maybe not as much. >> and the ones who voted for him because they were hard hit financially during the great recession, expecting their lives to get better, you asked when does this catch up with him? it catches up with him when they don't feel anything in their pocketbooks? >> i'm not sure when that is. when does trump matter on health care or anything else? >> when he's backed into a corner, he'll blame obama. mark my words. >> will christmas time be

the ed outreach to supply iot. we are the first player to use solitaire.hy we want to use new so we can improve the user experience and lower cost. we need global partners. -- we usein china u.s. google maps and they can work for candidates worldwide. also for the payment. in china we work with our payment. payment request mobile and credit card companies. wang, ceoat was davis of mobike. let's look at the offshore shy,nbi, about two cents weaker than we saw at the close. but we saw bullishness seemingly in the yuan. chart.look at the the pboc is teaching a lesson to the yuan there's. basically, do not sure that renminbi. we saw a jump to its highest level in seven months, soaring as much as 1.1% on wednesday alone. the timing of this is very key. what they are willing to do is intervene in the market here to bring up those funding costs. look at the white. we're getting close to the level we saw during the august 15 valuation. not as much as we saw in january. but that squeezes helping to prop up the yuan on the offshore side of things. we talk about the

or iot any own 401(k) because my kid's moving home. >> help them with the car payment. >> keep them oner it is. but we're really worried because as you get so close to retirement, maybe your late 40s and 50s, these are critical years where we really want to see you continue to contribute. that's why i think it's really important to have conversations with your kids before they come home. how long is this going to last? what are the financial arrangements? >> what are you leaving? i still have a bedroom both for favorite daughter, favorite son, and hope they never have to used it on a regular basis, but i want them to know they'll always have a place. how do you determine how much you're supposed to contribute to helping them? is there a number? >> there's not a number. this is what i think is critically important. it is something that actually keeps you on track to hit your own retirement. so we want you to run numbers. there are a lot of free calculators that are online. there are also some paid versions of calculators that with help you figure out what you need to be doing. more impo

if you look back three or four years ago the number of iot enabled devices was not there and now it'serson to company like an amazon where it starts to get exciting is when it goes machine to machine. that's going to accelerate opportunities. going to accelerate profits. it's going to be a pretty interesting future. >> give me an example. >> imagine your refrigerator is out of orange juice and it orders directly to fresh express and it's delivered the next day. >> the sort of ambient technology, even though we're not directly affecting it. >> walt's post was dead on. you saw andy ruben who rolled out his new ios, called ambient as well. that's where we're headed. the humans are getting pulled out of the equation. >> so do traditional valuation metrics work still and will they continue to work? >> i think they do. i think the key here is you have to have it relative to growth. particularly top line growth. so when you look at multiples you don't want to look at one year out. you want to look out three, five, seven years. look at aws. that didn't exist five, six years ago. now it's roun