joining us to discuss it is kara swisher and scott galloway from the stern school of business good toou both again it's been a while, kara, since we've had a chance to talk it comes on a week where that youtubal youtube algorithm was talked about. >> we just talked with youtube last week at code media about this issue she said they were doing something about it i think it's still an issue. when these fake videos rise in popularity, youtube, you know, doesn't do anything about them the same thing happened on facebook i think the quote they used was "our platform doesn't correct for people who lie." and maybe it has to. but it's going to be an on going debate as these videos rise higher and higher. it's a problem because it creates a cesspool as i talked about. i don't know for about 18 months and ruins the platform essentially. >> scott, it seems like we're in maybe a third era of how tech deals with media first era is stay away from media. you know, aside from microsoft getting involved, you know, a decade plus ago. everybody seemed to think it was a bad idea then it was use media but

scott galloway is joining us as well as early facebook investor roger mcnamee, who published and op edt," how to drag big tech away from the dark side all right, go at it, guys, although you kind of seem to have a similar view to a certain extent you really are very strongly opinionated on this point. why? >> i believe this capitalism is the worst system of its kind, except for all the rest, and the key to maintaining capitalism is fair wage-labor compact and competitive markets, and i think the markets are no longer competitive. i think they're failing. >> and what do you cite as evidence of a lack of competitiveness? >> press release with the name amazon in it, and within two hours of the opening bell, health care industry sheds $31 billion. amazon could take any stock on this board that's a consumer stock down 30% in 30 days with 30 press releases. >> isn't that just a reflection of the power of amazon to attack other markets and their margin in that market and their ability to deliver efficiency? why is that a bad thing? >> because if you deny -- if one company becomes so powerful,

we did have scott galloway on a couple hours ago. over at stern school of business. >> i saw this as an incredible beat. in the midst of all this noise, they are operating really well. ramy: he is always on the show, quite a list -- quite bullish, as you can hear. on the call, mark zuckerberg said, don't worry, we're going to pull up from this. they decided investors would follow them. we did see the share price rise in after-hours trading. rishaad: qualcomm, top and bottom lines pretty good. it is the forecast that people got concerned about. ramy: right. it is looking ahead to the second quarter for them. for example, revenue was about 1.9% higher than the average analyst estimate for this quarter, but it is all about what is happening in the smartphone space looking ahead. there has been concern that demand is waning. we are seeing that in terms of the numbers. qualcomm projected sales will be on average about $5.2 billion. analysts expected that the revenue would be higher, $5.6 billion. qualcomm is also seeing an inventory build

scott galloway, if you have not read his piece yet, i urge you to. on valentine's because it will break your heart. >>> next, the president's budget proposal. released on monday. why did the guy who wrote it say he wouldn't vote for it? that's confusing, huh? hi, i'm bob harper, and i recently had a heart attack. it changed my life. but i'm a survivor. after my heart attack, my doctor prescribed brilinta. it's for people who have been hospitalized for a heart attack. brilinta is taken with a low-dose aspirin. no more than 100 milligrams as it affects how well brilinta works. brilinta helps keep platelets from sticking together and forming a clot. in a clinical study, brilinta worked better than plavix. brilinta reduced the chance of having another heart attack... ...or dying from one. don't stop taking brilinta without talking to your doctor, since stopping it too soon increases your risk of clots in your stent, heart attack, stroke, and even death. brilinta may cause bruising or bleeding more easily, or serious, sometimes fatal bleeding. don't take

scott galloway is a critic. i think i can characterize you that way. >> fair.t: if it becomes a bank, you can regulate it and really beat it up, can't you? >> well, that's the x factor and the reason it might not. the most trusted brand in the world is amazon right now. the most trusted brand in the world is amazon. and when you think of banking and financial services what is really at the end of the day the core asset and the value, it's trust. stuart: that's true. >> on a consumer level it makes perfect sense. they may make the decision because of what you are talking about not to put their toe -- not to dive in, the toe is already in the water, because of additional regulatory scrutiny. stuart: they don't want additional regulatory scrutiny, you do? >> the only thing standing with amazon and trillion dollar market is either washington, brussels or attorney general similar to the one that you had earlier today. that's the only thing that stands between in trillion dollar market. it's no accident that the new headquarters of amazon is going to be in the dc met

there's also the four by scott galloway which is more about the monopolistic approach is to company soa little bit more on the market side of things but you also have tam wu writing about merchants talking about companies monopoly over information. i think it's an interesting moment right now and part does all of these books were being written before the crisis hit. the writing has been on the wall for a long time. publishers seem to have acknowledged this to think that there was a market for this book book. i like to think of this in terms of a meta-, where's the audienc? >> i wrote a piece earlier than that about this german politician a young guy who petitioned data. it was you kind of point out in the paper you wrote the breakthrough is hard. isn't that where they are keeping all but data about you. i think that probably was big. >> we are talking earlier about the public access. i would be curious to hear your take on this. for journalist to have access to these companies they have to stay on the good side to a degree and that is especially true if you are a business tech journali

alix: instagram, scott galloway talked about facebook earnings yesterday.hat he had to say about that platform. e driven,very imagers , wealthy, 18 to 30 which everyone wants in their franchise. it is a triple threat in terms of advertising platform. ivan: professor gallowayhe is talking about. they see revenue levers in instagram, messenger, and whatsapp. they have not even started to modernize -- monetize these things and they have other things coming in. whatsapptagram and will turn out to be the biggest drivers for revenue and profit going forward. when they bought, made the acquisitions, they were criticized. they have turned out to be the most brilliant acquisitions of any tech company. alix: let's move to one of the biggies after the bell, apple. they got a couple of downgrades after the earnings, worried about the iphone cycle. deutsche bank saying there is no super cycle. bank of america shares say stocks look attractive on a technical basis. analysts, they are still constructive on the stock. >> we are a little nervous, some of the estimates out t

they sit there and throw out nuclear bombs at fedex and at wa walgreens and kroger scott galloway, the guy from nyu, explains that's way more power than a company's supposed to have in the capital system. so, if you're -- >> i was just going to say, in order for there to be some sort of price discipline in that industry, somebody has to start losing money to gain market share to enforce price discipline you've hit on it don't you think that's, in part, what jeff bezos has in mind? he's showing he's willing to lose money to gain market share to bring his competitors down, right? >> that would be true if what he's doing was going at the largest expenses in health care. the largest expenses in health care are almost exclusively the last five years of your life and almost over the age of 70. willie sutton robbed banks why? because that's where the money was. the health care system is way overloaded on hospital visits the last two years of your life. so, this idea -- this idea you're going to pool 27-year-old software engineers with 45-year-old genx bankers and are a reduction in health car