we got our own data in. i want history to show that it was donald trump that connected with people. he was able to take issues that were arcane to lots of focus like trade and immigration and convert them into top shelf, he is still fighting for now. he has a 70 point immigration plan as president. negotiating fair trade deals to work more for the american workers. he flipped states that president obama carried twice. those who still won't accept the election results, those who neither expected him nor wanted him to win, they wasted a whole year not getting to know why he won. the same reason he won: he was able to make people feel that someone was giving voices to their every day concern. the forgotten man and woman. the people living paycheck to paycheck. the people who say the system is always rigged against me with their noses pressed up against the glass looking in. it's not like yesterday people said let's make america mediocre again. even the republicans who are critical, imagine who would be sitting -- >> laura: they were willing to risk that. the whole never-trump crowd, so

do they just get a letter in the mail saying that their data was compromised and they're on their own or is there some recourse the business or the corporation that had the data and that had it breached must provide to the consumer because the data was compromised. >> it's not simply a uniformity across the nation but also some teeth as it relates to what happens next once the consumer is informed. >> we see that across state laws now, some of them are just a simple notification and some are some relationship that the corporation must have with the breached consumer. >> thank you. mr. smith, despite the federal government also being breached, pretty frequently, unfortunately, some have suggested that we nationalize the credit reporting agencies. such a move would kill innovation. the same innovation that is opening up the market of 26 million credit invisible americans. i think fanny and freddie should consider new credit reporting models that take into account things like rent payment and utilities. who would benefit the most from such a change, mr. smith? >> so, use of information a

ten years is a reasonable estimate yes, i think in ten years having your own data centers is going to be a little like -- >> comparing to mainframes, they are still around but not a major part growth segment of tech ecosystem. that's a shot across the bow to dell trying to sell equipment onto businesses, campuses and saying you only pay for that you use. you don't have to pay the whole amount up front. a shot across the bow to microsoft, oracle and others trying this hybrid approach. you don't want to move all to the cloud, we'll help you transition, have our equipment, use our platform on your campus as well. but notice what he said about the potential size of aws. everything is in the cross-hairs here for amazon, as we talked about in the last hour, building applications and services on top of that, which can certainly increase profitability and doing more m&a as well. >> people act like it's new. the unit is not new. what is new is the ability for investors to use the size and growth of the unit to help establish valuation for amazon at large that's what's happened in the past coup

keeping it in a way that makes it accessible which they admitted in court was in breach of their own data retention policy but on the other hand they also say that they don't have any idea of the conduit of e-mails obviously going to be deleted and the case was not live when the e-mail accounts were deleted so it's role it's clear there's been correspondence between the swedish authority in the crown prosecution service giving continued advice about the case we think it's in the public interest to understand what the crown prosecution service was saying and how that contributed to this case being dragged out for so long in circumstances where it was simply unnecessary jennifer auther thank you thank you. after the break the head of wednesday's u.k. budget they are responsible for mudder of the zero that will start the cuts to the patient services as we speak to the boss of maple representing probation offices across the country and award winning actress stephen tompkinson on political satire the paradise bay prison if it was with the ruined football impacts of his play to read all the sim

we do own data. it is either the user data or the organizational data. to make sure that we are very transparent about all of it. it's what guides everything that we do. or linkedin. and if there is value in integration you have to ask for permission and get that permission and i think that is where were going. and things like gdp our are essentially going to legislate that. that is what we should bill four. we are starting to see a little bit of it. i feel very good about one of my top goals was the re- acceleration of linkedin. on top of that the problem that integration to be announced between office 365 and linkedin. those were all there today and our customers benefit from that. it's one of the places where we have executed super well on a large acquisition or value proposition. excel of rate that core asset. before we close here i want to talk about a couple of your personal community initiatives you are on the board of the fred hutchinson group. and also the force of starbucks was here yesterday. share with us and we are hoping to accomplish throu

, do you think consumers should own their data? showed consumers own their own information? >> yes, ideally they should. >> should we be able to control our own information? >> they should control the information. >> but you're saying that it can be hacked by somebody with consumer control. >> nobody has access to the file. >> to say i don't want that information to go to experience or trans union? need to understand how the economy will behave in that perspective. >> in the consumer dispute portaportal that wasn't addresso correct? >> correct is that if the answer is yes as you said it was with t the fact remain unencrypted, the results of an oversight or is that a decision that was made to manage the data? >> there are multiple tools they use. masking, firewalls, multiple layers. >> for the decision was made to leave its unencrypted. >> correct. >> the beach that you directed to encrypt such data. >> we have done a top-down review of the security situation we used the companies to help us. >> yes or no question. the data remain unencrypted? yes or no data remains unencrypt

we're not going to get higher quality, lower cost care fast enough if baltimore owns the data. we need patients to own the data and we need silicon valley to serve patients. and we need a decentralized approach to the way data poll through all of your different subsectors. i think baltimore is a disastrous shorthand for east berlin 1976. and you're never going to solve the level of problems we need if we think the federal government can own the data top down. i want to see data disrupt lots of your subsectors, and we need to figure out a way to create data polls, not just data pushes from cms, because it's going to be too slow that way. >> senator, one of the quotes i read by you -- >> that was supposed to get applause, by the way. i'm teasing. >> senator, one of the quotes i read, it wasn't until i started to learn spanish that i understood english at all. i think that's what travels about. tell us about that. >> i think the quotes at attributed to lots of people, but one of them is c.s. lewis, who would say that a fish can't explain to you what water is like because he's never

>> i think my perspective -- >> miss mayer, should consumers own their data, their own information? >> yes, i believe they should. >> should we be able to control our own information, mr. barros? >> this is the effort that we're making to the process, really they should control the information. >> you're saying by putting a lock or unlock that can be hacked by somebody is consumer control. >> when you lock and unlock your file, nobody can have access to your file. >> would you support a mechanism that allowed consumers to say, i don't want that information to go to equifax, experian, transunion? >> this is a decision that's digger than our industry. we need to understand how the economy will behave on that perspective. >> it's my understanding the data access through the consumer dispute portal was not encrypted at rest. is that correct? >> correct. >> if that -- if the answer is yes as you said it was, was the fact that this data remained unencrypted at rest the result of an oversight or was it a decision that was made to manage that data unencrypted at rest? >> there are multiple

that again -- and i can't underscore this enough that we already conitutionally have sitting in our own data bases, the irony of it is tragic to me. >> how often, if you could characterize in an unclassified setting does the fbi come across criminal traditional criminal activity as a result of those searches and then walk us through the process of what you do with that. if you identify, go back to the individual taking photos of the key bridge and it turns out it's not a terrorist attack but he's planning to spray paint it maybe or do something that mars the property and it's a crime but maybe not a terrorist act. what do you do with that information in terms of the 4.3% holdings as it applies to 702 where a crime is identified. i'm not sure if high question's clear. >> i think there's blur in there. so trz so there's the information over here that agent is seeing real time in the u.s. as the tip or the lead and then there's the nnc information in the data base and it's the connecting that's important. what's in the data base, that's not evidence of garden variety criminal conduct. the only

now, i know that i've talked about an invasion of privacy in terms of your own data, but one of the most important things is to know that even going after publicly-available information a predictive analytics company was able to predict a revolution that no one else saw coming starting in yemen and spreading into all far -- all middle east countries. so we don't necessarily have to get into our private information. because i know that worries everybody. but we can use these predictive models to look at billions of pieces of publicly-available data to predict what is going to happen in the future. so i call my book "on the edge -- verge." excuse me. i'm on the edge. "on the verge." i call it "on the verge" because we're not quite there yet, but there's no question in my mind we'll be there soon. so i want to thank you all for being here today, and i want to thank you for starting this discussion. i hope you'll get the book. i'll be here to sign books, and i hope that you will help to pass the word that we are on the verge, the first society that may know future outcomes before they manife

it's who owns the data and who owns the experience.ke financial products from. artificial intelligence. in other business news, shares in mature this eu root materials lower in afternoon trade this hour after its business business units falsified data —— shares in mitsubishi materials. in china the stock markets are known for their wild ups and downs, but thursday wasn't a good day with the blue—chip index seeing its biggest one—day drop in a year and a half so how has it open this morning? for more i'm joined by monica miller. are we seeing some volatility in opening trade? right now it's about 1596 opening trade? right now it's about 15% down but yesterday it took a nosedive, it went down 3%. this impacts the people that are actually purchasing, these are the regular customers, not institutions, that we re customers, not institutions, that were making these trades yesterday and this is what is pumping money into the mainland. at this point it actually impacted bond yields as well, the interest they pay, and it made investors rather s

rmation a you have on do you think consumer should own data? should customer own their information? >> yes, i believe they should. controld we be able to our own information mr. barros? >> yes. >> you're saying by putting lock control , it's consumer control? >> when you look and unlock your file nobody can have access to your file. decision that was made to manage the data? --there were multiple deals tools we used to encrypt data, including masking, and firewalls, with multiple layers of encryption. >> it was made to leave it on encrypt at rest? , have youtook over directed company to encrypt such data or have even recommended to? >> we have done a top-down review of our security situation. >> yes or no question. is the data unencrypted at rest? >> i don't know at this stage. >> you don't know? isn't this the reason why it was breached? this data was unencrypted? >> encryption is one form of defense, and we have several forms in place to prevent this from happening. so the data remains unencrypted at rest? we have deployed several different tools and encryption is one tool. >> sen

i believe consumers should own their own data i think the notion that facebook owns your personal dataat's an assertion they made, which they got away with when they were small, but at the current scale we're going to reassess that >> would you be making this argument ex-russia, so to speak? >> i don't know if i would have seen it if not for the russian thing. only weird things going on in the election that i noticed something was weird. but my partner made this point that the issue of people being zucked, having their minds manipulated, that that issue has been there for children, if you look at something like youtube kids, children are completely defenseless and that is a huge problem totally separate from the russia manipulation. i think i would have eventually gotten there, but the russian thing was what got my attention. >> i want to quickly ask you about this tax package and some of the concerns, i guess, in silicon valley about the way in which employee-based comp is taxed. everyone is freaked out. is that true >> they should be freaked out. if you believe the following concept.

avoiding0% of cost by our own data centers. what is the dollar figure from amazon? disclose that. >> is a more amazon can do with bahrain? >> absolutely. we would like to talk to them about other clients of his is and also talk to google and microsoft. we want our -- -- more data centers. >> with think this will develop -- gital we think the middle east should not be neglecting that. we think it will empower businesses. >> so amazon is a done deal. how close are you to getting google or microsoft to make commitments #>> they have to see the potential in the region which i'm sure they do. conversations. i can't say we are close to concluding anything, but we are hopeful. i don't want to speculate. >> that was the chief executive talking with our own erik schatzker. oft doesn't for our edition bloomberg technology. that does it for now. this is bloomberg. announcer: from our studios in new york city, this is charlie rose. charlie: the essay has been grappling with the major cyber security breach. the new york times reports some the agency's most sensitive information

we have our own data search system, our version of google.the search results, only government-sanctioned contact. what about social media? do you have anything here like facebook or instagram or twitter, but the north korean version? >> translator: yes, we have it. it's currently only being used on computers, but we're still working on developing it in our own way for cell phones. >> next we visit a north korean department store where filming is usually strictly forbidden. we see people buying groceries, mostly north korean products like beer. also plenty of brands you might recognize, usually chinese imports. china continues to trade heavily with north korea despite international sanctions. you can find designer fashions, high-end appliances, and on the top floor, there's a huge food court. we see people piling their plates with all kinds of korean food. yes, i did try the fish head. i also tried the american-style fast food complete with pretty familiar packaging. it doesn't get more american than french fries and milkshakes. even the color

we don't own data. it's either the user data or its the organizational data, and we are essentially entrusted to make it secure, you know, make it private and make sure that we are there in control and we are very transparent about all of it. those principles is what guides everything that we do, whether it's in office or on linkedin. it there is value in integration, you have to ask for permission and get that permission. i think that's where we're going. things like gdp are are essentially going to legislate that and so, therefore, that's the world we should build for. >> should we expect an acceleration of integration between the companies? we started to see a bit of it between linkedin and microsoft entrance of products. >> i feel very good about one of my top goals was the reaction of ration of linkedin, will talk more about this even in the next quarter, the earning but on top of that the product integration we announced between office 365 and linkedin, between dynamics and linkedin, these are all

byhave save 90% of our cost avoiding building our own data centers and moving to the cloud.azon and hopefully with others. >> what was the dollar figure? >> i cannot disclose that because amazon is not -- we will love to talk to them about other lines of business and also about -- we are talking to microsoft. we want our whole country to be a host to several of the leading companies, not to have sales offices, but something of substance, hopefully in the cloud. >> more data centers? >> yes and the catalyst for a digital economy that would serve the entire middle east. leaving data is growing and important. we see it -- we believe data is growing and important, we see it with our mobile phones and we should not be neglecting that element and will empower businesses. >> amazon is a done deal but how are you close to getting google or microsoft to make similar commitments? >> we are in conversations with them and they have to see the potential in the region, which i am sure they do. the second element and making them see the benefits of us. we are not close to concluding anythi

light on these issues and basically people>> i think whena light on these can look at either their own data or their peer group data. they can create a more aggressive plan to create a more inclusive workforce, i think it's terrific. what we have seen in the two years since we started it is an increasing number of institutions who have signed up to be part of it. my gut is they don't want to be left behind. thatre and more people do we are going beyond the financial services realm and sub segments and really promote this more broadly. >> those founder of the 30% club and chairman of bloomberg lp, the parent company of bloomberg television. >> a time for a look at the biggest business stories in the news right now. morgan stanley -- making it easier for them to switch firms. advising to change companies without being sued by former employees. internal to an amendment, they are more focused existing tires. the new policy existing tires. the new policy takes effect december 3. >> we will discuss the fed ahead of a senate confirmation hearing and his thoughts on brexit. this is bloomberg. ghts

future not the havoc so you need you on every night or does that mean and you who would you have my own. data for the scene when you're home your new shoot from the scene or before the scene where an article in the have been many who are living. i mean. and i mean i look at that before and it's a huge significance that when they're making these discussions jews and zionism and not discussed jews were not to feature in the new field the middle east which was to be based on the idea of the arab nation. zionism was the movement supporting the reestablishment of a jewish homeland in the area defined as the historic land of israel. the movement was active in early twentieth century london especially because of the persecution of jews in russia and eastern europe. theodore hurt so had founded the zionist movement in the late one nine hundred century but jewish people in western europe had not washed to support it because they were integrating quite successfully into society zionists believed that all jews should someday return to that country one of the problems was that palestine belong to the ott

we've seen just in the initial steps we've taken, we saved 90% of our cost by avoiding building our own dataters and moving to the cloud. with amazon hopefully with others as well. erik: what was the dollar figure? >> i cannot disclose that, because amazon is very protective of that, but it was a significant investment. erik: is there more than bahrain can do with amazon? >> absolutely. we also are talking to google, microsoft. we want our home country to be a host to several of the leading companies, not to have sales offices, but to actually have something of substance, hopefully in the cloud. erik: more data centers, in other words. >> we see this as a catalyst to develop a digital economy that would serve the entire region. we think the data is growing importance and we see it in terms of our supercomputers in our pockets, our mobile phones. we think we shouldn't be neglecting the elements. erik: amazon is a done deal. how close are you to get a google microsoft, two companies you just named to make similar commitments? >> we are in conversations with him. they have to see the potential

they use publicly available data and our own claims data to figure out who are the people who have smallblems that could quickly become big problems, expensive problems for centene. people.y focus on these they have algorithms that churn through data every 24 hours. a software program delivers a patient to do list to one of centene's 3000 case managers for these particular people. the case manager says i see this small problem could get big. they reach out to the people and say, you need to go to the doctor, take your meds, do a and majorhelps of heading off surgery or major problems with their heart, kidneys, etc. a look at some of the smaller technology companies that have been feeding up the information we put on social networks and the fight that is brewing over the control of that data. we speak to drake bennett. drake: highq is a take data and crunch it to make these predictions about people's behavior. linkedin data. the vast majority of data they use is linkedin data. linkedin is the only game in town for this kind of workplace information. linkedin is saying they sent them a cea

it would be a privilege to be able to share with the committee some of our own data and own analyses in this regard. the point i would make is that the prescribing volume of opioids is highly skewed so that if you look, for example, within primary care physicians, it's a small subset of primary care physicians that account for the lion's share of opioids that are prescribed. with that being said, these are not primarily rogue prescribers that are down on main street seeing 300 patients in a day and only accepting cash. i think there's a very important point here and in fact governor christie spoke to it when he said most prescribers that are contributing to this epidemic aren't doing so out of ill-intent. they are doing so out of nonintent. so it's important to recognize that while opioid prescribing is highly skewed, that the prescribers that are prescribing such enormous volumes are not necessarily, you know, just throughouting any standard of best -- flouting any standard of best medical practice. mr. gowdy: when you think primary physicians i think internists, g.p.'s. what am i m

government data should be provided under an open license. if the government owns the data, that means the people paid for it and they should be able to use it for free. let me quickly talk about what this bill doesn't do. the bill does not take away safeguards that protect personal privacy, national security and intellectual property. the legislation would not affect existing contracts, so the government's not going to go to a contractor and say, oh, by the way, your data is now free and available to the public. importantly, the bill does not alter the government's need to pay for data rights in the future when they may want to have access and ownership. this is only data owned by the federal government. it does not have an advantage over one sector over another. mr. speaker, let me just say in closing. for the past two years, several of us have worked on this issue and with experts throughout the private and public sector to get this bill past the finish line and i am proud to stand here in support of a bipartisan bill that can move our economy forward, that can

when we come in it, we are giving an opportunity for the bank to make money out of their own data.an make the type of insights of your data you could not get before. for theghts are's red compliance teams and commercial insights. this makes your sales team better. francine: let's say you have a trading floor and you analyze everything. have: for one trader, you tens of thousands of data points. if francine: how fast you talk on the phone? erkin: what you say in the phone and how you say it. it picks out words and your tone and pitch of the voice. it classifies things like questions, speech rates. it takes email. andcan recognize sentiment places where people have seen. it gets even more interesting because then you get into chat. it turns out there are different chat but forms traders use. francine: it gives you a profile of the type of trader you are. erkin: it gives you the profile. it's going to give your relationships, how you're communicating with them, what are the best practices of communication. it brings to the fore what you have been talking about. it is going to for the

data to have predictive value about people like this. i mean, look, amazon, google, they're all doing it in our own lives. tics is everywhere, but it's now being used to predict, say, diseases, mass migrations. and the defense science board has proposed doing this for terror, the cia is already using it, and i think they're just going to get better at it over time, but there will be privacy questions raised about whether, you know, we should expose ourselves in this way. we do it every day. paul: and just briefly, bill, the interrogation side of this, he seems to have been processed right away, moved right through the criminal justice system. they didn't pull him aside 30 days, they read him his miranda rights. it seems to me the judge call it a mistake. >> this is my constant refrain. when an attack occurs, we say no one connected the dots, and after it subsides, we do everything to prevent it. big data can do a big part, but a lot is human intelligence and interrogation citizen mr. knew -- as mr. mukasey said. there are whole groups of people in the united states that don't want us to find this informati

and when dominion wouldn't tell us who owned the haymarket data center, i didn't stop until the truth now i'm running for delegate to bring a reporter's eye to richmond. it's time richmond answered to us. independent press says they're false. fear mongering. absurd. ralph northam went to vmi and was an army doctor for eight years. in richmond, dr. northam helped pass longer sentences for gang members and mandatory life sentences for violent sexual predators. ralph northam: i'm ralph northam, candidate for governor, and i sponsored this ad because i'm a pediatrician, and for ed gillespie to say i would tolerate anyone hurting a child is despicable. >> announcer: this is the xfinity sports desk. >>> we're not sure if football players set their clocks back but were they up and attem. definitely break the rules, punching a helmet. it's just not smart. aj greens of thebe ejected after that scuffle. wait there's more. this is saint james getting in to. mike evans, somehow he didn't get jeekted. two teams going in different directions. saints win their sixth straight, bucks lose their fifth

the second issue is who owns the data they take off consumers that's massively tilted towards the tech companies at the moment is that a focus of the hearings or not really? >> for now we have seen some of those questions. there were a good number of lawmakers yesterday who were really pressing facebook and twitter in particular on the fake news that spread on their platforms. with that some automated accounts or bots that amplify those messages it's a serious problem for twitter though it did not take too many tough pieces of criticism as a result. to your other point, there's a sense that tech companies need to do more on this but also a hesitance about allowing tech companies to have that say about being the policeman of the content of their networks. lastly when it comes to privacy, senator john kennedy did begin to press facebook, google and twitter for the information they collect on users there was a point where he asks the companies if they could compile dossiers of teens who were having a hard time with weight so they could market diet pills to them. there were moments when th

when people look at the stock market now, actually i know from my own survey data that most people think the market is highly priced. either indicators suggest that, too. then a feeling, you know, if -- if i get out of the market and go into fixed incomes, that looks awfully meager. so it's definitely supporting the market. the low interest rates. >> and -- >> you're right that -- >> and jerome powell has not suggested had e would do anything substantially differently. interest rates will start to go up gradually as plannedeneder janet yellen. >> yeah. it's nice to see that -- i agree with -- we want to have moderate increase in interest rates, but i think there are people that are edgy about -- if there were a sharp increase in interest rates that might cause a correction in the market bringing on a sequence of events. they're playing it very carefully here and understand winding qe3 carefully, and it's so far hasn't created any panic at all. so i think they're on the right policy and everything looks okay. >> bob, always good to talk to you. thank you for joining us to shed light on th

press camp with releasing its own sound city of data so that supposedly would also be in the public interest always. into public interest but we can leak safely if we kill x. on that well it's known that. the requested tax forms are provided to a.q. leaks and they really publish the information already that step shows a kind of being bias being playing an active role in my view. i believe in my case i actually tried to solve the issue with the authorities in switzerland with the swiss tax authorities with the courts and when i learned that that doesn't work that the legal system doesn't work that and i said look i have to take it to a high you a level higher level it's definitely. us and we kill eeks now this internal e-mail contact which was published by. leaks on hillary clinton that sort of thing first of all should have actually be handled internally first from what i know it was handled internally we now know from the revelations by donna brazil the interim had of did they didn't see that there was in fact a secret agreement between the clinton camp and the party's leadership financial

and when dominion wouldn't tell us who owned the haymarket data center, i didn't stop until the truth came out. to bring a reporter's eye to richmond. i'm danica roem. it's time richmond answered to us. >>> well, some tech executives right here in washington d.c., apple ceo in california getting ready for the launch of iphone 10. >> talked to him about the state of the smart phone along with privacy issues. >> reporter: in silicon valley privacy has become a major issue. come peopling it and selling user data while a business model for some tech companies is one apple says it rejects. >> we take a pro privacy view. apple doesn't know what the contempt of your messages is. we in cript facetime in. >> reporter: yet the new iphone 10 has raced privacy concern. cook is anxious to dispel them. >> i unlocked it. >> reporter: he says it's even more secure than the fingerprint base touch id. >> it's looking at your image and certain characteristics of your face. and so and your face can change over time. you might grow a beard and it will detect that. >> reporter: glasses? >> glasses, no glas

>> well, the first thing is it makes allies less confident about sharing their own most sensitive datahaving trouble protecting our own codes. second, it raises the question, has the united states drive to develop cyberweapons on which the u.s. spent billions and billions of dollars, especially during the bush and obama administrations come thinking as hard as you protect that stuff. because, remember, what happened to these weapons. in two cases the attack that happened in ukraine and you'll remember the big attack on the british health system. these were the russians and the north koreans taking american code and turning it into weapons that they then use to do attacks on other countries. those countries are going to begin to think why is it that the united states is developing weapons for the use of its own defense and its allies and they're being used against us. the analogy, poppy, it's like we lost control of our tomahawk missiles. and then discovered that parts of them were being shot back at the u.s. and its allies. >> important analogy but a scary one. david sangar, honk for t

reporter: upguard's ceo mike fox says the exposure usually happens when companies migrate their data from their ownn- house hard drive to the cloud. >> pretty evident why they have done it for the human needs to make things simpler ultimately but unfortunately, they have unintentionally left a lot of stuff open to the rest of the human population. >> reporter: many companies hire a third party vendor who may hire another third party vendor passing all your private information from one hand to another. betsy cooper is the executive director of the uc-berkeley center for long-term cyber security. >> the primary person that you're working with, you may be able to engage with their security, but you don't know anything about what the vendor is doing. >> reporter: in the chicago voter database breach, a third party, es & s, a company that runs voting systems all over the country, admitted it was to blame. >> we set up the folder on amazon web services we set it up with the wrong security setting. >> reporter: verizon's data breach happened through a third party vendor who did not respond to our requests