i can tell you right now that is not enough richard smith should be fired. but the guy more importantly, at least at this moment, deserves to live in infamy on the "mad money" wall of shame our rogue's gallery of value destroying executives which have no business any longer running a public company i think the reason should be pretty self-commandtory but i'm going to spell it out, maybe for the board of directors that seem to be a little ostrich like. as you all know september 7th we learn equifax hit the worst breach every everything from social security numbers, birthdays, addresses and even driver's license, basically everything you might need for full-blown identity theft. the hackers got more than 200,000 credit card numbers, luckily for people who paid equifax credit monitoring services just in terms of the number of people affected, this was the 6th largest hack in history. whether you consider the content of what got taken, it's probably the worst data breach of its kind somebody else have your birthday, address, social security, that's all they need

executive richard smith resigns today. other senior managers who left the credit reporting theany amid an uproar of theft or private data of 100 43 million american ey seven-year company veteran has been named interim chief. some are calling it china's netflix. hi targeting a public offering in 2018. to people familiar with the matter, it has china's most popular streaming video service. as much as $10 billion. the biggest diamond found in 100-caret, century, sold for 50 $3 million. that works out to almost t.0,000 a care it was a must the size of a tennis ball. it was expected to go for $86 million. that is your latest for the bloomberg business flash. vonnie: thank you. nafta officials are wading into tougher territories. negotiators meet in canada. they will tackle rules governing the source of input of manufactured goods. let's bring in carlos cap a an. carlos capistr thanks for joini us. the third round of nafta negotiations get underway today. what have you seen as an impact upon mexico from the first two rounds and

richard smith will be replaced by a seven-year equifax employee. e the hack, the stock has plunged as much as 34%, and smith will likely leave with a $6.2 million bonus, on top of the money from stock and other retirement benefits he accrued in his run as ceo. he will testify before congress next week. joining us as nate fink, the ceo of an game -- endgame. did this have to happen? like to think back to a message that dwight eisenhower had in his pocket during the d-day landing, and it was a message he was going to deliver if the invasion failed. the last sentence says, if any ult was in the attempt, it is mine alone. it is about responsibility. ceo's endboards have to be responsible for data breaches. yes, richard smith had to go. emily: there are still questions about the timeline and who knew what when. you have senators calling this a travesty, some saying that the resignation is not enough come out data is out there for everyone to see. how do we prevent something like this in the future? nate: it takes a layered approach from emily, and unfort

ahead the former chair and ceo of richard smith will testify at two hearings next week. it exposed social security numbers and birthdays for as many as 143 million people. wednesday he will appear before the senate banking committee. live coverage starts at 10 a.m. eastern on c-span three, you can also watch online at c-span.org. this weekend on american history tv on c-span3, saturday at 8 p.m. eastern on lectures in history university of virginia professor gary gallagher on the legacy of the civil war. >> african-americans, and former confederates have very different takes on the war as they what forward after appomattox. the embraced versions of war that suited their purposes. president bill clinton marking the 60th anniversary of the integration of little rock central high school. say take a to victory lap, put on your dancing shoes and have a good time. , younstead i have to say have to put on your marching boots. eastern on oral history we continue our series on photojournalist with an interview with darrell take us. we try to have the optimum lens in your hands an

richard smith will testify before members of the house energy and commerce committee in october. today on washington journal, washington post technology reporting brian fong discussed the recent equifax data breach. >> brian fong is a technology reporter with "the washington post." joins us this morning to talk to us about the recently revealed data breach at equifax. brian, what makes this hack different from other company data breaches that we've heard about? is it the size? is it what was put at risk here? >> well, what's a big deal here is the type of information and the scope of the information that we're talking about. you know, this is something that affects an enormous amount of u.s. consumers. and potentially foreigners living in the united states who are using the u.s. financial system. and, you know, we're talking about something that, you know, is -- matters on a number of levels of american life. whether you're applying for a credit card or whether you're applying for a mortgage, a checking account. all of these things factor into this data breach in one way or anoth

richard smith will testify before members of the house energy and commerce committee in october. today on washington journal, washington post technology reporting brian fong discussed the recent equifax data breach. >> brian fong is a technology reporter with "the washington post." joins us this morning to talk to us about the recently revealed data breach at equifax. brian, what makes this hack different from other company data breaches that we've heard about? is it the size? is it what was put at risk here? >> well, what's a big deal here is the type of information and the scope of the information that we're talking about. you know, this is something that affects an enormous amount of u.s. consumers. and potentially foreis

richard smith has led the agency since 2005 but has been under fire since the company revealed a data breach that may have exposed up to 143 million americans. his departure is being called a retirement, but he won't receive his annual bonus and other benefits until a review of the hack is complete. >>> and twitter may soon be giving us more room to express ourselves. the company is considering doubling the limit of 140 characters to 280. it's already testing it out on a small group of users. people tweet more when they don't have to cram everything into 140 characters. >> so yes, more tweets. yeah. let's turn now to a health alert, shall we? i don't know about that, jack. for a health alert for women undergoing routine surgeries from hernias to knee replacements. >> a new report suggests a growing number of women are being overprescribed painkillers after those surgeries. robin roberts has more. >> reporter: women are most at risk when it comes to opioids. 30% more prescriptions written for women than 40% more patient surgeries become consistent users, like this mother of three daugh

succeeding richard smith.ake a search for the new permits ceo considering both candidates from within and without the -- from outside the company. richard smith will serve as an unpaid survivor -- unpaid advisor. alix: how long was it going to take until that happened? when it was released in the drama that happened in the stocks. analysts are so bullish on it. good for them for taking definitive stats. you have to wonder do they know something behind the scenes about what the real story is that may be worth and what we've heard so far? wecan't be good facts that -- they know that we don't know. jonathan: it's a question that is been popping around the company. the stock is still suspended giving the news. we are waiting for that to resume trading. when we get the move on the stock we will bring that to you. the other big story, facebook suffered its biggest decline .ince november 2016 sending the stock to as low as level in more than two months. it has come under pressure from world leaders to combat terroris

because senator elizabeth warren said on our show, who knows when the bad guys will strike anyway, richard smith i'll give you this i guess that's what happened whether you didn't spend enough on cyber security and immediately come forward when you were hacked. with smith gone, equifax is closer to earning back the market's trust >>> jerry in utah. >> caller: boo ya to you jim >> my daughter's there right now. thank you what's going on? >> caller: based on the weather problems in caribbean do you think nor wee began cruise lines a good buy right now >> i like that cruise line and caribbean, but i am a carnival man start to finish. why? carnival is run by arnold donald shawn in alabama. >> caller: hey mr. cramer i watch you often and i wanted to ask about tallow alpha net works if you would recommend buying selling or holding >> mark's done a great job, he was in the dog house for a bit there. kind of missed opportunities, the opportunities came back, the money came back. >>> mr. smith family time is important i know this. i'm glad you'll be spending more time with them, especially now that retir

equifax‘s ceo richard smith is now out after the damaging data breach and its slow response to big any executive was named as the interim chief executive while the company looks for a new leader. in a statement, mrs smith said he believed it was in the best interest of the company to have new leadership to move forward. now smith is the third executive to leave equifax since the cyber breach became public. is still expected to testify before congress next week about the hacker that has left millions of americans vulnerable to identity theft. now equifax is one of the three major firms that tracks credit history of almost all americans. between mid—may and july, the birthdays and social security numbers of over 143 million americans may have been stolen by hackers. about 400,000 britons and a number of canadians were also affected. now, equifax‘s bodged response has sent shares plummeting. moving now to the sports apparel business and nike has reported better than expected earnings after a strong better than expected earnings after a strong overseas better than expected earnings after

richard smith said the company first learned of the incident on july 29th but waited six weeks to make it public because they thought the breach was limited >>> some other stocks to watch, boeing says it signed a deal to sell 16 787 dream liners and 737 max jets to malaysia the country's prime minister announced the sale during a visit to the white house yesterday. he said malaysia airlines will probably buy 25 more boeing jets in the future. >>> brian acton is leaving what'sapp to start his own foundation facebook, which bought whatsapp for $22 billion says he won't be replaced. >>> easyjet launched a new booking platform allowing customers to book long-haul flights with other airlines. the initial partners are west jet and norwegian who will offer flights to north and south america and sing bore from gatwick airport. up 1.5% on the news. >>> still to come, jamie dimon, barry sternlich, insight from some powerful players on wall street. >>> first here's the national weather forecast from bill karins >>> good morning to you. still watching what's left of irma, just some clouds right no

this came hours after the equifax ceo richard smith stepped down. in his announcement he said he is retiring immediately. his his sudden departure comes amid intensifying scrutiny of the security breach that affected 143 million people and how the company handled all of it.. for now i am joined by [ indiscernible ] consumer protection attorney. thank you for joining us. let's start with the retirement. the unanticipated retirement of the ceo. how does that affect all of the consumers who had their could 30 -- security breach trying to get restitution. >>i don't think that richard smith retirement is going to change anything. equifax is on the hook for any liability that they may have or may not have. it has been an abomination that he is guaranteed $18 million in pensions and he conveniently gets to retired the week before he is set the testify before the congress and senate. the timing i think is very convenient. >>can he dodge testimony and say i'm not going to do it and be forced to go with the subpoena? >>with the subpoena he could go. i don't t

this comes on the same day equifax's ceo richard smith stepped down. abc 7 news reporter melanie woodrow has the story. >> credit reporting company equifax's massive data breach possibly impacted 143 million americans. >> impacted 15 million californians alone. >> which is why san francisco city attorney dennis herrera filed a lawsuit against equifax this morning. it alleges the company failed to implement and maintain regional security procedures. also that equifax failed to provide timely notice of the breach until six weeks after it learned its system had be compromised. finally, that when equifax did provide notice, it failed to provide complete plain and clear information to consumers. >> i think that this was a cascade of wrongs. and it would be their incompetence would be comical if the impact wasn't so serious. >> on this same day the lawsuit was filed, richard smith stepped down. herrera is the first city attorney in the country to sue equifax over the breach. >> the numbers that we're talking about are in the many, many millions of dollars. >

. >> on the same day the lawsuit was identified, he can by fafl's ceo richard smith stepped down. herrera is the first attorney to sue equifax over the breach. >> the numbers we're talking about are in the many, many that's of dollars. >> it is not clear what portion would go to consumers. >> the most important thing is to make sure california consumers are protected. >> we abc7 news. >>> over 40 and looking for a job in silicon valley? you may want to think again. >>> plus, homeless and in college. some new numbers reveal a big problem. >>> and twitter does a 280. >>> and the risk is high. >>> findings were presented to the county in hopes more can be done to hen the population. >> we put a mattress under the tent so it is comfy. >> she cause this tent her home now. as teen she moved out because she said her father was abusive and she didn't get along with her mother. >> just underneath 280 there's an entire community where youth live. just beyond her tent there are many students, going to college, trying to make it of the. >> this report we just published showed that 17% of the

i think investors under richard smith, the stock has done well, up until the last few weeks. not he would go. >> what does the new person bring to the job? he has been there forever as well. it is not like new blood coming in to fix the hacking situation. >> so paulino will be an interim ceo. he has been with the company for seven years. he spent time running their largest unit, the largest american information's unit, so very experienced in the company. i think it's interesting, the board did note in a release this morning the company said they would be looking internally and externally for his permanent replacement. >> australia's banks scrapping withdrawal -- as they salvage reputation after a series of scandals. the charge will go for next month while the commonwealth bank and others will be acting immediately. it is a win for consumers, but how will it impact the banks? >> it is how much they cut through. in terms of the overall amount of money, the revenue that they may, it is small. but the one thing that continues -- that consumers hate is the charge to access their o

. >> next week on c-span 3, former equifax ceo richard smith testifying before the house energy commerce committee about the data breach at the credit reporting agency he used to lead. the hearing is tuesday at 10:00 a.m. eastern and you can see it live on c-span 3 online at cspan.org or on the c-span radio ap app. >> house and senate republicans held a press conference yesterday to outline their plans to rewrite the u.s. tax code for the first time since 1986. this is 20 minutes. [ indistinct audio ] [ indistinct audio ] >> good morning, how are you doing? nice pants. [ laughter ] >> just one of those -- you ready? good afternoon, this is a historic day. this is a day that is a long time in coming. in fact, it was on this day under this dome in 1986 that congress took the final vote on the last overall of our tax code. that long. after that vote, president reagan said americans would quote finally have a tax code that they can be proud of. it was true then but things look very, very different today, don't they? instead of a source of pride our tax code has become a constant source of fr

ceo richard smith is no longer with the company and here is his picture, let me zoo in for you from theebsite. this comes after that massive security breach affecting the data of about 143 millions of americans americans. smith had been the ceo of the credit company since the year 2005. the company shares were halted this morning during premarket trading right before the announcement and their stocks have fallen 26% since the breach was revealed earlier this month. again, he is out. reggie, back to you. >>> in prime time the dallas cowboys took a stand by taking a lee and linking arms before the national anthem during monday night football. they stood together once the anthem started. jerry jones said the players wanted to make a statement about union iet. the arizona cardinals also interlocked arms during the anthem. jordan sparks performed and had a reference to a bible verse written on her hand. that verse calls to speak up for those who cannot speak for themselves. >>> one bay area high school joining the take a knee movement, hundreds of students at alameda's encinal high school st

so the ceo, richard smith, officially retired.ax is saying you can keep that label of retired. however, we now have an independent inquiry going on and if it was more than just, i'm heavily paraphrasing here, incompetence, then we are going to change that status of retired to fired, in which case maybe some of that package does get taken away. trish: why don't you just fire him right now? this happened under his watch. he should have done a better job, found a better ceo of technology. >> we had numerous cybersecurity companies saying over a year, your system has vulnerabilities. you should address them. they even faced before the major hack we've been talking about, that affected 40% of the u.s. population, there was another minor hack. that should have been a shot across the bow. trish: i hate to say the obvious, the guy should be fired. the fact he is not being fired, speaks to golden parachutes. he has a contract that says he gets 18 million buck. >> one interesting provision could come against him. actually two. one is claw b

. >>> the ceo of the credit reporting agency equifax richard smith has abruptly retired.served as ceo since 2005. easterly they announced there was a breach of information. the company says he won't receive his bonus this year. >>> you may know james dyson of the bag else vacuum cleaner, but now he's getting into the electric car business. dyson has announced he's building a radical all-electric car for 2020. he said his engineers have been working for 2 1/2 years on the project. anne-marie? >> i guess the vacuum cleaner business was pretty good. can't wait to see the commercialscommercial s for that. >>> still ahead, breaking ground. production begins for prototypes on president trump's border wall with mexico. . >>> here's a look at today's forecast in some cities around the country. >>> women in saudi arabia will soon be allowed to do something for the first time. drive. the saudi kingdom issued an order yesterday giving women the right to drive by next year. in a statement president trump said he viewed the change as a positive step toward promoting the rights of wome

eminder, programming note, former chief executive, richard smith, will be testifying before energy committee coming up on next week, tuesday, before

richard smith will take the stand before a house panel october 3. alison: developing now come a battle in the business world over who gets amazon's new corporate headquarters and the jobs that will come with it. the facility will be a $50 billion investment and everyone is getting in on this. loudoun county has five potential submitting a location, all in hopes of luring the company and its 50,000 jobs. >> this is a game changer. it's that significant. alison: here are amazon's conditions -- it has to be near a major city center, near public transportation, and within 45 minutes of an international airport. stay tuned as the competition heats up. jonathan: after a site that shocked some drivers in arlington last month, looking like nobody was in the car just running around, somebody was actually behind the wheel. ford released this video. a guy was hiding in a seat suit, studying how people react to the signals on a simulated self driving car. experts say it is important to establish communication with driverless car's since there can be no eye cont

equifax's ceo announced he is retired, richard smith had been the head of the company since 2005. >>> taking a look at how the financial markets are doing on wall street, the dow is up a little bit, up 13 points. wall street looking for a rally today after a big selloff yesterday. >>> parents, 28,000 jeep brand jogging strollers are being recalled, because these stroller leg bracket can break and cause kids to fall out. the three wheeled strollers are made by delta, j for jeep printed on the side, sold at target, walmart and other stores between 2015 and 2016. >>> two of the biggest names in outdoor gear are merging, bass pro shops, as brought cabela's for 4 billion dollars. the deal has taken nearly 2 years to complete. >>> all right, the hot one today. >> it is a hot one, extremely dry, we have the potential for fire concerns. high, everybody, let's take a view outside, take a look at this, this is gorgeous, i showed you, i wanted to share it again, the reason is because it is just unbelievable as far as the visibility is concerned. and we do have this particular time, the computer

on it, a message from ceo richard smith. >> i deeply regret this incident. i apologize to every affected consumer and all of our pa partners. >> fil and the new york attorney general has launched a formal investigation. and the house financial services committee just announced it will hold a hearing on the issue. meantime, experts recommend consumers lock their credit so they'll be alerted if anyone tries to open a credit card in their name. also, create an online profile with the irs so no one uses your social security number to create one and change passwords. he's worried it might be too late to protect himself. >> we don't have a choice. equifax is one leading credit score providers and we don't have a choice. had we had a choice, i would use it. >> already, analysts estimate the cost could reach $300 million similar to the target or home depot breaches. and in yet another twist, a source says the company website that was created to help customers who may be impacted, also has security issues. for "nightly business report", i'm adidi roy, san francisco.

announced this morning chairman richard smith as retired. three weeks after of the company admitted to a data breech that compromised the sensitive personal information as 143 million americans. that breech is considered one of the worst ever in terms of breech and information exposed to the public. >>> talk show host steve harvey is making a lot of moves this yore. to political waves. harvey faced extreme backlash for meeting with president trump. i sat down with the king of daytime to talk about that meeting. and where things stand now. >> his new home a big new set in los angeles. to match his larger than life personality. i was invited to be one of the first to sit on his new set. to chat with the man who continues to say relevant after 20 years in the business. focusing ob everything from comedy to the current climate. >> you're able to balance entertainment with the news of the day. how are you able to strike that balance? >> humor sells. it makes it easier to swallow. somewhere between 1 and 3:00 you ought to be able turn on the tv an

. >>> the ceo of the embattled credit reporting agency equifax richard smith has abruptly retired.rved as ceo since 2005. earlier this month they announced there was a breach of information on millions of americans. the company says he won't receive his bonus this year. >>> you may know james dyson of the bag else vacuum cleaner, but now he's getting into the electric car business. dyson has announced he's building a radical all-electric car if launch in 2020. he says his 400 engineers have already been working for 2 1/2 years on the project. anne-marie? >> i guess the vacuum cleaner business must have been pretty good. we'll see how it goes. i can't wait to see the commercials for that. roxana saberi and new york stock exchange. thanks a lot, roxana. >>> still ahead, breaking ground. production begins for prototypes on president trump's border wall with mexico. destruction in the parking lot of a bay area fast food restaurant. firefighters in the bay area will be on high alert once again today -- as they continue to keep an eye on a brush fire that threatened homes in the oakland

reporter: less than three weeks after announcing largest financial data breach in history, ceo richard smith resigned today, although keeping $18 million in pension benefits and possibly $30 million in stock options. two other senior execs have already left. expecting to get an earful on capitol hill next week. >> it's not enough. >> reporter: a cascade of federal and four state investigations. >> going to get to bottom of how the breach occurred, when it occurred and holding equifax accountable for actions since the breach. >> reporter: consumer experts urge all adults to freeze credit reports at all three agencies so they haves can't use it. but americans struggle to get it done over the phone or online. some blocked by error messages. >> at what point will we see a solution? >> reporter: equifax hack and wall street regulator hack have experts issuing red alert. >> this absolutely undermines fundamental pillars that make our system work. >> reporter: want to know if lax security was to blame. why a patch in march when first alerted rather than july and why take six weeks to notify custome

the credit reporting agency says richard smith retired. retirement follows a data breach that compromised the sensitive personal information of 143 million americans. the breach is considered one of the worst ever. the president of equifax asia-pacific region will is earn r serve as interim ceo. >>> president trump's proposed border wall took a step forward. construction began on eight prototypes. half will be made of concrete. after they're complete, u.s. border patrol officials will test them to see what works best. >>> 5:14. don't let the warm weather fool you. one more day. then it will feel like fall. >> yeah. nothing gives you that fall feeling like a good festival. nbc10's katy zachry is running down the events perfect for the family. >> reporter: we're continuing our tour of fun family fall events new york stock exchange south jersey, what's more fall than pumpkins? the south jersey pumpkin show is coming to the salem county fairgrounds in woodstown october 13th through the 15th. in addition to great food and rides, you can see a 9

the company announcing this morning that richard smith is retiring in the wake of the massive breach that potentially impacted 143 million americans. and his departure comes days before he was to appear on capitol hill. aditi roy is on the story for us. >> reporter: equifax announced big executive changes starting from the top. the board of directors appointed board member mark fieldler to serve as chairman, and seven-year veteran of equifax paulino rivera jr. was named as well. the ceo walking out the door days before he is to appear before congress is an abdication of his responsibility, critics said. smith is scheduled to testify about a massive breach that affected up to 143 million americans. an equifax spokesperson says smith is still scheduled to testify before congress. smith's departure prompted ohio senator sherrod brown to ask sec's chair a question about it during a hearing on the sec's own cyber breach. >> do you think it's appropriate for the executives that ran the company during the massive breach that they get to retire and keep their bonuses and stock awards? >> it

next week former chair and ceo of equifax richard smith testifies before a couple of congressional committees about the companies recent data breach. tuesday will go before the house energy and commerce committee while on wednesday mr. smith testifies before the senate banking committee. live coverage starts both days 10 a.m. eastern on c-span3, online c-span.org, or on the free c-span radio app. finally here's a look at what's that in congress next week. >> jennifer shutt as appropriations a bunch reporter for cq roll call. steve scalise returns to the u.s. house and boy does he have his work cut out county votes next week as the house takes up the republican budget. they pass this on a budget committee in the

richard smith resigned at three weeks after the scandal broke that's when it was revealed that hundred and forty three million people in the united states. have had their personal information stolen. social security numbers and credit card details and addresses. if i could fixtures was suspended earlier are down twenty seven percent since the hulking wasn't. dubai has unveiled what it claims is the first ever drone taxi service.. authorities said a test flight had been successful there were no passengers and crucially no drivers. in ideas have a two seated vehicle which can apply for about thirty minutes at maximum speed of a hundred kilometers per hour. hope is that that hover taxi will eventually be integrated into the city's existing public transport network up there's already a mattress to. system tramways and bus says up the idea would be passengege would be ablele o book these autonomous air taxis and trackck the arrrrl in route using an axe it does sound sort of familiar. until you remember laura that you'd be in the air and with no driver quite a few scary things yeah i persona

richard smith has been under fire after it was discovered the hack could have exposed up to 143 million americans. >>> and a big change in policy from directv. the satellite service provider, is refunding the price of nfl sunday ticket subscriptions for some customers who say they were offended by last weekend's national anthem protests. refunds are usually not provided once the nfl season has started. the company tells espn that it won't be sharing information about how many subscriptions are canceled. >>> and a company best known for building fancy vacuum cleaners is getting into the electric car business. dyson is investing $2.6 billion in the project. ceo james dyson warns the dyson electric car will be pricey. he hopes to unveil the battery-powered vehicle by 2020. >>> when we come back, a potential problem with o.j. simpson's release from prison. >>> and also ahead, the last country in the world to ban female drivers changes course. what is behind the decision in saudi arabia. >>> and a story developing overnight. a rapper shot outside a landmark hollywood hotel. to most people, i

in a letter to equifax ceo richard smith, house finance committee chair orrin hatch and ranking member ron wyden are demanding answers from the company, asking for a timeline of events and which executives knew what and when, including the three who sold shares after the breach was discovered. equifax maintains the executives did not know about the cyberattack when they sold the shares. the letter also asks the company about an arbitration waiver that consumers agreed to by signing up for an identity protection package it's offering customers affect by the breach. the company said the waiver did not apply to the cybersecurity breach and has since taken the waiver language off the website. equifax has lost more than $3.5 billion in market cap or 21% of its value in the first two trading days since the breach was made public. and the incident is also prompting many consumer groups to question the relative lack of regulation in the credit bureau industry, compared to banks, which operate on charters and licenses and face constant monitoring by regulators. the class action suits are also p

equifax is also dealing with a shake-up in leadership, the ceo richard smith just announcing he's retiring after 12 years. his retirement comes three weeks after equifax announced the data breach that affected 143 million customers nationwide. >>> the better business bureau is warning people about a new scam targeting pelove. ey say t scammers are poaching pet pictures from other websites, then creating fake pet for sale ads on a craigslist. after the victims wire money costs are added for things like crates or medical insurance. if they try to get out of it, they threaten the victim. >> they'll say animal abandonment, fbi will be at your door. so there's that constant fear factor and then also the worry that that poor pet might be caught in transit. >> the bbb said the best way to avoid a scam is meet the animal in person. the bureau held an event at the berkeley humane society today to raise awareness for local shelter adoptions. coming up all new at 6:00 tonight the bay area city with a 25% spike in violent crime, we're taking a closer look behind the numbers of the fbi's new crime repo

the company's ceo richard smith is expected to testify before a house panel on october 3rd. nearly 40 u.s. states have joined a probe into how equifax handled the breach. >>> facial recognition technology in the new iphone 10. senator franken has sent a letter to apple saying his primary concern is the company could use the face print to benefit other parts of its business. apple could also sell the data to third parties for surveillance services or even get requests from law enforcement to access the system. marcus and laura, back over to you. >> thanks a lot, kate. >>> if you're looking to buy a home near apple's new spaceship campus it's going to cost you. one south bay home recently went for $800,000 over the asking price. that home is in sunnyvale three miles from the apple new campus located on bernal court. the listing agent priced it aggressively at $1.7 million. the sellers had lived there for more than five decades and paid around $50,000 when they first bought the home. >> we knew we would get offers and which expected to get five or eight offers, maybe ten offers

. >> reporter: ceo richard smith hasn't responded to nbc's request for comment. >> strangers know who i am, my birth date, social security number and specifically where i live. that scares me. urged every adult to take immediate action to safeguard their credit. we have tips on our facebook page. lester. i did it myself. back to you. >>> tributes pouring in for edie windsor, icon of the gay rights movement, took case to the supreme court and won, paving way to legalize same-sex marriage nationwide. passed away in new york at age of 88 and pete williams has a look at legacy she leaves behind. >> reporter: edie windsor didn't set out to blaze a legal trail but she ended up a hero to the gay rights movement in landmark legal battle that went to the supreme court. after she got married in canada where it was legal between two women, spouse died and left her estate but irs didn't consider her married and sent a huge tax bill because a law, act, blocked the federal government from recognizing same-sex marriages. >> i couldn't believe making a stranger of this person i lived with and loved f

richard smith is officially out as c.e.o. of equifax he resigned today just a few weeks after his company one of the world's largest credit reporting firms revealed that it had suffered a massive security breach that exposed the personal information of one hundred forty three million americans to hackers which raises the question just how did a massive for profit corporation like equifax gain access to something such compromising information without the public's consent and what does this tell us about capitalism joining me now is richard wool visiting professor at the new school cofounder of democracy at work and the author of numerous books including capitalism is crisis deepens essays on the. they're credit cards you can see people who go in for a bottled water in a small store using their credit card which is a debt if everybody is dependent on debt one way or another then you have a problem with the creditor who never knows whether it's safe to lend to this person for their home to that one for the car for that one for t

of equifax richard smith is out there credit reporting agency was hacked up to one hundred forty three million americans sensitive credit data was accessed the hackers exploited a software flaw to high social security numbers birth dates and other very personal data that provided the keys to identity theft this happened even though the company was warned about the flaw months in advance according to the equifax the breach took place according to information there from between mid may.

this week the equifax ceo richard smith announced that he's stepping down in the wake of the hackersl data of 143 million americans from the company servers. that's pretty much every adult american. meanwhile senate republicans are getting ready to repeal a, quote, forced arbitration rule initiated by the consumer financial protection bureau. i know you don't know what this means. i'm going to tell you. this rule that they're going to repeal makes it easier for consumers to join together and fight financial firms in class action lawsuits but somehow republicans senators want to repeal that. while shaming republicans are even considering this reversal, senate democratic leader chuck schumer called the effort a quote, get out of jail free card for equifax and another company that is no stranger to controversy, wells fargo. this stuff makes my hair catch on fire. >> i'm going to leave that there. i got to share this one last thing. this is like a what? you're probably tired of hearing about the graham cassidy obamacare repeal bill, guess who is not? president trump. he doesn't think it'

next week, richard smith will testify about the hacking that expose the information of 143 million customers. he will testify before the house energy and commerce committee next tuesday on c-span3. c-span, where history unfolds daily. created c-span was created as a

. >>> next week, here on c-span 3, former equifax ceo, richard smith testifying before the house committee about the data breach at the credit reporting agency he used to lead. the hearing is tuesday at 10:00 a.m. eastern. you can see it live here on c-span 3, online at c-span.org or the c-span radio app. securities and exchange chairman jay clayton testified before the banking committee about a data breach at the agency. he answered questions about the security breach at equifax. >>> today, we will receive testimony from securities and exchange commission chairman, jay clayton, regarding the work and agenda of the fcc. thank you, mr. chairman, for attending here today. oversight of the fcc is a critical function of the committee. we have an important three-part mission, to protect investors, maintain fair, orderly and efficient markets. no one part of this mission is more important than the other. the scc increases transparency and trust in the u.s. stock market providing investors with the information they need to make informed investment decisions. it helps investors artis pate on a fir

of equifax richard smith is out of the company but he gets to keep his eighteen million dollars pension some people have a problem with it because when hackers exploited of software flaw in the credit monitoring system they stole the social security numbers birth dates and other personal data of more than one hundred forty three million americans the company was warned about the flaw months in advance according to equifax the breach took place from mid may and july it was discovered july twenty ninth and within the next two days three executives sold off shares totaling nearly two million dollars. and then on the seventh equifax told the public about it smith has issued the predictable apologies and retired he will receive his two thousand and seventeen bonus or severance pay but that cool eighteen million dollars pension he does get to keep smith was set to face a congressional hearing on october third over the scandal no word now on who will replace him in that chair. and as the apologies from equifax continue and the investigation carries on we hear promises from the company to furth

richard smith is officially out as c.e.o. of equifax he resigned today just a few weeks after his company one of the world's largest credit reporting firms revealed that it had suffered a massive security breach that exposed the personal information of one hundred forty three million americans to hackers which raises the question just how did a massive for profit corporation like equifax gain access to something such compromising information without the public's consent and what does this tell us about capitalism joining me now is richard wool visiting professor at the new school cofounder of democracy at work and the author of numerous books including capitalism is crisis deepens essays on the global economic meltdown professor will welcome back. thank you tom glad to be here it's great to have you with us i think this scandal has really exposed to a lot of people how really little control we have over our own individual private financial information equifax is just one company a ten billion dollar industry that sucks up our

ceo richard smith stepped down.t three weeks after hackers stole the personal information of nearly 150 million americans. >>> president trump assailed hillary clinton over the use of her accounts to conduct business. sex of mr. trump's top aide are guilty of the same thing. major garrett reports. >> reporter: government related business conducted on outside e-mail accounts that much is established. the white house insists no classified information was involved. it also says it aware, and the campaign was a pretty big reminder of the political and legal imperative of keeping private and government communications separate. president trump's most trusted advisers used private e-mail accounts to conduct official white house business. senior advisers jared kushner, steven miller, former chief of staff, priebus and steve bannon all sent and received e-mails using nongovernment accounts. the president's daughter ivanka trump ohm used outside e-mail transitioning into her role as senior adviser. white house press secretary