jack dorsey and sheryl sandberg face the bright lights of capitol hill.an they keep lawmakers at bay? should musk be worrying about an sec ban? some analysts say not so much. we discussed the likelihood of the tesla ceo being suspended. first, to the top story. amazon is starting with a bang. they are pushing the company beyond a market value of one between dollars. a milestone apple reached last month. a big accomplishment, not just for the company but for the ceo who is currently would -- currently the world wealthiest person. most notably the speed at which they hit the milestone. tech competitors are closing in on the markets as well. joining us to discuss is the tigers financial partners chief investment partner and bloomberg tech global editor redstone -- b rad stone. brad, you started covering amazon in 1999 and it was two or three steps eating an online bookstore -- past being an online bookstore. >> amazon stock price had fallen into the single digits and the boys were panicking back then. we are not our stock price they said. it is something emp

period. >> we saw sheryl sandberg in the car there. what was her best argument today? >> the best thing about sheryl sandberg since i knew her in the treasury department way back when is not only is she smart as all get out but forthright stylistically that's what she showed today where she didn't know something she said she would get back to them i think facebook has grown up a lot as a culture over the last year and that's why i say big props to them. >> that was interesting. especially the conversation about misinformation from real people, the way in which they're putting, say, a related article off to the side that lets you check fact against fact or as she said alternative fact against fact. >> talk about this real versus false thing. so what kept going through my mind is former chairman of the fcc can imagine anybody imagine the federal communications commission hire thousands of people to figure out the mathematical algorithms used by the companies to in turn make a predicted estimate of what's fake and what's not fake you don't want the government in that busi

sheryl sandberg of facebook and jack dorsey of twitter will face questions over how russia used social media during the us presidential election — and how they plan to stop it happening again. also in the programme — the former boss of the bank of england tells the bbc that the preparations for brexit have been "incompetent" — he's been speaking to our business editor — we'll have that interview. and as amazon brieflyjoined apple as a trillion—dollar valued company — we'll look at what else is moving the markets and why. distinguished shirts for distinguished gentlemen! including prince charles. we'll be talking to the boss of the clothier turnbull and asser. japan's shinzo abe vows to raise retirement age. what age do you think you'll retire — if at all? let us know — just use the hashtag bbcbizlive. hello and welcome to business live. worry not, sally and i will be here well into our 90s doing this programme, i have a feeling. we start in the us where it could be a difficult day for some of the biggest names in tech. wit the us midterm elections less than two months away, the us gove

neil: sheryl sandberg says the problem is twofold. finding fake accounts, once you assess they're fake or made up or have hidden agenda or russian oriented, or whatever, the next hurdle is shutting them down. that always creates controversy for themselves. for someone's fake account, that is someone else's news feed. that is a slippery slope. >> i think it is true. i think there is a really big difference someone chooses to subscribe as a real human being and totally bot or fake news. i think there is difference. neil: the problem is distinguishing which is which, right? >> they said there are no ways around it. there are tens of thousands of bodies and police officers. neil: are they private bodies or government bodies? who are they? >> he have been adding employees to police t the key incentives for everyone is on the same page. this is not good for their stock. this is not good for their reputation. this is to the good for our democracy. i think as everyone's incentives are in line, this will be dealt with as best as possible. ther

sheryl sandberg keeps saying she is open to the idea. she definitely wants regulation as opposed to a set of rules imposed by outsiders. the: when we think about role of government in dealing with the problem of foreign election meddling, there are a couple things i think that can be helpful. one of those frankly is happening now with this hearing. that is a conversation. it is -- it is the role of government to inquire to help educate the american voter because that a voter has to be more skeptical and more educated in the future if they make decisions about what information they want to consume and what they want to discard. that is one role that i think is important or the other is sharing what they know. sharingnt agencies intelligence with organizations like twitter and facebook. so that twitter and facebook's platforms can be more effective in trying to slow down this bad activity. those are the two domains where i think of government can be most effective and to help the situation. vonnie: wait, explain the second one to me. you s

sheryl sandberg from facebook, jack dorsey. question about google because , andput up their lawyer mark warner said, no, thank you very much. what are we going to get out of these hearings? i'm not toooogle, upset making facebook and twitter take the heat. ,hey are getting some criticism but congress made it clear they would not subpoena anybody. sherylit is clear that sandberg will fall on the facebook sword. this is part of what she wrote about her written testimony. that is unabashed. >> it is. evident in the stock price. the amount of money facebook will have to spend in order to repair the damages is phenomenal. that showed up in second-quarter earnings and is showing up in a relatively depressed stock price. facebook is not doing well on the year. alix: what other companies have to do relatively the same thing? >> twitter is on the edge of this as well. they will be in congress. how much this extends to google and broader depends the next 6-12 months. david: thank you both for being with us. stay with bloomberg for live c

miss sandberg, let's start with you. sheryl: our security team is finding them. people are not representing themselves to be who they ought to be and coordinating it means they are coordinating with authentic and in authentic actors and both are acceptable. >> when the team is setting their meeting, is there generally unanimity on something, a fact situation comes in front of them. is this something that is easy to recognize? people are unanimous about it or do you wind up with debates as to whether or not a part -- a certain platform should be shut down? sheryl: a lot of things we see like hate speech, there is a broad debate. when it comes to a fake account, they are hard to find that once we find them, we know what they are. them,d but once we find we know what they are. >> who sets the standards? sheryl: the same group of people. published so that the user can look at that and -- give me some examples of standards that are unacceptable. sheryl: in general? we publish our community standards comprehensively. what that does is define what is permitted on facebo

alan patricof. >>> straight ahead, what to expect in sheryl sandberg and jack dorsey's testimony.eak with jack wheeler. >>> plus trade talks between the u.s. and canada are set to resume this week we'll speak with former canadian prime minister kim campbell. >>> later, nike taking a turn for the worse after unveiling its latest "just do it" ad campaign featuring colin kaepernick we'll discuss that when "squawk alley" returns the dow is down 45 whoooo. tripadvisor makes finding your perfect hotel... relaxing. just enter your destination and dates. tripadvisor searches over 200 booking sites to find the hotel you want for the lowest price. dates. deals. done! tripadvisor. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointm

here is what sheryl sandberg said earlier today about cracking down on that. >> the threat we face isot new. america has always confronted attacks from determined, well-funded opponents who want to undermine our democracy. what is new is the tactics they are using. to stay ahead we all need to work together. everyone here today know this is an arms race. >> so the hearing taking place here in the house with mr. dorsey from twitter is about the, whether or not twitter is censoring political speech. there is the issue with the man from info wars. but there is also the bigger issue which is, will there be regulation. on the senate side, trish, as i wrap up, it sure looks like regulating social media is coming this way, when the republican chairman of the senate intelligence committee says, look, it might be time to regulate. let's have an honest discussion about that. back to you. trish: thank you very much, adam. we are not for a lot of regulation. we have a problem here. we have a problem when it comes to tech companies that don't bother to do a darn thing themselves. the kinds of bull

i referred to sheryl sandberg as ceo, co off, chief operating officer at facebook. back to you.issa: adam, thank you, we'll have more with the power panel coming up in a bit. david: taking extra precautions, expanding across the globe. uber rolling out the very latest on its plan for an ipo. fox business exclusive interview with uber's ceo coming next. >> lifting ourselves and are part of a transportation revolution. this is about ultimately ending car ownership. david: ride-sharing company, ubers now in more than 400 cities in the world upending transportation all over the globe. susan li spoke to uber's ceo exclusively after the one-year anniversary of his tenure. susan, good get. >> they're introducing safety measures in new york city midtown manhattan event after a string of incidents involving passengers and riders. at the want to make sure you get to point a and point b safely for both riders and passengers. interesting new safety measures, between ride check-ins, taking longer than expected, you stopped off somewhere, they will make sure you're okay. as you mentioned, dav

big tech takes on washington as jack dorsey and sheryl sandberg testify before the senate. how was this different from when mark zuckerberg was in the hot seat? plus, one big name missing from the hearing. what senate intelligence has toee, mark warner, say about google being a no-show. 23 and me's quest to cure the world's diseases. a big-time up with world farmer could provide the key to new drugs and treatment. big tech takes tenor -- center stage on capitol hill. they face questions from the senate intelligence committee over social media and russian election hacking. so aly absent is google symbolic third chair was left empty and lawmakers openly expressed their disapproval over being snubbed. otherwise, the discourse was -- more civil than the mark zuckerberg trial. >> russia used social media as part of an "comprehensive and multifaceted campaign to undermine democratic institutions and interfere in u.s. elections and those of our allies." we were too slow to spot this and to slow to act -- too slow to act. the free proud of how and open exchange has been weaponize d

that's what it's going to be like later, the likes of sheryl sandberg, jack dorsey and others havingwer jack dorsey and others having to answer quite difficult questions on the mid—term elections not far off at all, give us your thoughts on the day ahead. there's a real moment we re day ahead. there's a real moment were no longer these big tech and social media platforms are brushing these things off. there's an admission these things have to change and that started about two yea rs change and that started about two years ago when, as you said, a number of fake accounts were cold and there were new tools and people brought to the table to ensure this doesn't happen again. the reason it happened in the first place i think is one of regulation, because it's almost impossible to regulate this space for a number of reasons. social drives are just that, giants. though go across so many different borders and they also go across and so borders and they also go across and so many different platforms —— social giants are just that, giants. it is tough to get the right level of regulation that

jack dorsey and sheryl sandberg along with an empty chair for google.ack dorsey is still taking questions. for more on the marathon, sarah frier joined is not -- joins us now. knocked theo have stock prices in particular is regulation being discussed, particularly the first senator conversation happening at the intelligence committee. sarah: jack dorsey has come out and said i understand these problems are large and understand i have not done enough. i'm willing to reevaluate the business model for twitter. he is really giving concessions, and at the same time, he doesn't seem to know exactly what twitter needs to do to get better. he's talking about taking public commentary to get feedback on the rules, sharing tips with -- whenmpanies, whether he asked if he could tell the difference between a bought and human accounts, he said it is very difficult for twitter to tell. uncertainty coupled with regulation, if twitter does not know what it needs to fix, how will the government know, that is why you see the stock falling today. companies would prefer to

i think that is because sheryl sandberg had confidence. she doesn't have tech and business experience, but she was in the political world. she was trying to help jack dors dorsey. jack admitted he is very shy. he is not the best communicator. he was reading from his phone. he said i would tweet it. he tweeted while testifying before congress. he talked about fundamental problems twitter has on the platforms. investors saw this and got nervous. some regulation may be coming. investors don't like regulation. >> this is the deregulation administration. now suggesting a regulation of tech companies. sam, thank you. >>> former alabama senate candidate roy moore suing sacha b baron cohen. he is seeking $95 million for defamation and emotional distress and fraud. during the interview, cohen brought out a device claiming it could detect pedophiles. moore has been accused by several women of sexual mu misconduct. >>> colin kaepernick will make an appearance of the nfl opener in philadelphia. not on the field in the new nike ad. >> believe in someth

orsey and sheryl sandberg were there. larry page, a no show.ason: an empty chair in washington, but the mystery extends to silicon valley. ustin: we spent a lot of time with my colleague trying to figure out where he is. the one has heard from him in has heard from him in the past couple of years, especially with the challenges facing google and alphabet right now. a lot of google employees are asking that same question. carol: he runs this massive company. is he not at headquarters yet though -- at headquarters? is he not at headquarters yet austin: he is the ceo of alphabets. in terms of how involved he is in the day today, that is vague. people are saying we have not seen him as much as we did two years ago. reports are suggesting he is more withdrawn than ever. google disputes this, but it is quite clear he is not involved in the more societal challenges. the societal challenge thing is so interesting. this is a company that came out and said years ago, don't be evil. they have put on this cloak in many ways, be good for the world, care in

momentas one interesting in particular when sheryl sandberg -- sheryl sandberg said he quitting the cybernd saying that facebook another tech companies had to do a better job in terms of responding in real-time on the threats that are emerging overseas. dorsey, forow jack more of these hearings, but in terms of whether there is any appetite for there to be any type of meaningful tech regulation between now and the midterm elections, i don't see that advancing, or any bill that would pass between now and november. david: give us a quick thought about the other hearing. the brett kavanaugh for the supreme court of the united states. gave muchter -- he assurance to democrats as he could. kevin: dramatic. it was a dramatic thing as he is facing those questions from democrats in addition to the issue of roe v. wade. he also took questions about where he believes whether or not the president could be subpoenaed. he kind of dodged that to be quite frank. that is on the minds of many democrats who are wondering should any case ultimately make its way regarding president trump to the supreme court

i will say that i thought personally going in the take was that sheryl sandberg, a much better intervieweeould have an easier time today. i thought jack came off as more forthright and earnest than sandberg and that probably gave him mileage with lawmakers today. >> she has the washington cred, former chief of staff for treasury secretary larry summers. carl, what's your take after hearing from lawmakers in both houses now about the probability we're actually going to see some sort of regulation on these companies? >> reporter: i think right now the message is they're going to try to do more, get more with honey than vinegar it's an old cliche that's the narrative that stands i do think there's genuine surprise and shock that google didn't show up underneath all that have is speculation they just didn't want to answer questions about building a search engine in china, for example china did come up on the senate side but i think for the time being they're going to try to get through the next eight weeks going into the midterms in the hopes these companies have gotten the messages. for our p

two of the biggest power players in facebook media, sheryl sandberg and twitter jack dorsey facing members of congress but the most dramatic moment happening when a conspiracy theorist confronted a member of congress. we get it all from nbc's jo ling kent. >> reporter: the biggest confrontation today, outside the hearing room where right wing conspiracy theorist alex jones crashed a press conference taunting senator marco rubio. >> don't touch me again, man. i'm asking you not to touch me. you're not going to get arrested, man. i'll take care of it myself. >> reporter: back inside, facebook c.o.o. sheryl sandberg facing more questions about her leadership during the company's response to russian meddling in 2016. >> we were too slow to spot this and too slow to act. that is on us. >> reporter: google choosing not to send anyone despite phone. >> we realize the real world negative happened and we ke >> reporter: later, pressed about accusations of political bias. >> we wouldn't be having this discussion if there wasn't a general agreement that your company has discriminated against conserva

they grilled twitter's jack dorsey and facebook's sheryl sandberg. each company's stock taking a lit. twitter falling 6%, facebook down 2%. reporter: the first hearing was the senate intelligence committee. this hearing, you want to pay more attention to that one. they are hinting what's coming down the pike. they are going to be dealing with a lot of issues. but the take aways from that hearing are simple. one, the russians are trying to interfere with the u.s. elections by influencing people of on facebook and twitter. two, they are considering regulations to deal with the censorship of political voices on these platforms. that's why they hauled in sheryl sandberg as well as mr. dorsey. google did not show up. google declined the invitation. jack dorsey was talking about the issue of trying to keep the platform. i know people hate his phrase, but i'm going to it's, a safe place for an exchange ideas and to keep russians out. >> we are proud of how that free and open exchange has been weaponnized and used to distract and divide people and pour natio

i think sheryl sandberg in particular is a well reversed spokesperson for the company.orsey, less so, even though he has had more experience going into these tv interviews and other places. you just don't know what happens in congressional hearings. these executives can be as prepared as they possibly could be and you still have these revealing moments coming out of left field. none of these companies want their senior executives to be trotted in front of members of congress who have access to grind. emily: folks we have talked to the google is missing an opportunity by not sending a higher level representative. what could the repercussions of that be down the line? if congress is looking serious at regulations. david: i think you saw two senators say they will not be part of the solution and, if that is the case, we do not want them here. of all these companies, google has been the most targeted by enforcers like the ftc here, the long investigation of the company, but then they have the ongoing issue -- investigation in europe resulting in fines amounting to something

as mark zuckerberg and others in -- as mark zuckerberg sending sheryl sandberg, the senate intelligencemittee was fine with that. >> to be fair, mark zuckerberg had gone before several hearings in front of lawmakers. exactly. the ceo of google also declined the opportunity to go. sources indicate the senate would have been fine with sundar as well, but he also chose not to testify. i think there is a bet there that facebook and twitter would take most of the hits. it turned out to be the opposite. a prettyaid at the top steep price for not showing up. the senate, the lawmakers essentially doubled down and kept bringing up the absence. do you think they didn't anticipate that blowback, or they thought they would ride through it. part of 58 it and go is the theatrics, the showboating. in some instances, that the actor x played against it, they kept a blank notepad there and kept a microphone in front of it which was muted the whole time. which is a fascinating symbol looking for larry page right now. >> on a world where everyone is caught on a cell phone or there are tons of cameras there

. >> theig question for facebook's sheryl sandberg and jack dorsey.ing for their platform and they faced questions for the senate intelligence committeed ane senate manipulation. dorsey was grilled by the house energy and commerce committee about whether twitter is biased. kathy mcmorris rogers was saying she's concerned about discriminationgainst conservatives and want to see change. >> we need to see them take some acti to ensure tha it is fair and that it is free and that we are having that- that battle, the battle of ideas that needs to take place in the public square, but have it done in aee nd fair way. >> the question is how ty impartian these platforms could be regulated and enforced, and oversighteay not just c from congress, but also the department of justice. >> sayinghe quote, attorney general has convened a meeting with a number of state attorys general this month to discuss a growing concern that these companies may be hurting competition and intentionally stifling the free exchange of ideas on their platforms, but when looking at the in

. >> they were referring to what happened in the district presidential election, sheryl sandberg and jack dorsey both testified on capitol hill as democrats and republicans both seem to inch closer to regulating social media. lyanne melendez is live in the newsroom with more. >> well, you know, regulating the internet was not something these companies were prepared to accept, but now with what has happened we heard facebook's sheryl sandberg say they're open to the right regulations. it was an acknowledgment of the system that failed. >> we aren't proud of how that free and open exchange has been weaponized and used to distract and divide people. >> reporter: the ceos updated the senate and intelligence community on their progress to detect and stop foreign influence on their platforms. >> we've more than doubled the number of people we have working in safety and security, and we now have over 20,000 people, and we are able to read reports in 50 languages 24 hours a day. >> more transparency around who buys ads and how they are targeted and challenging suspicious log-ins and account

sheryl sandberg being present and jack dorsey. obviously that has backfired. emily: well, roger, longtime tech investor who has been railing on facebook, makes a point in your piece that google has benefited from facebook being the focus of the last few but they've done facebook a huge favor by not being there and lach makers' attention has now turned to google. selina, what harm did larry page do by not showing up? >> they made a calculated risk thinking they want to stay out of this toxicity and that google feels that it should be relegated to facebook and twitter's universe of problems. but by not being there, they opened the most -- they opened themselves up to criticism. mark warner was up there criticizing google. larry page is being called unpatriotic. they criticized for what they're trying to accomplish in china. they didn't have a chance to go up there and explain what they've been doing to combat russian interference. i also think it's worth pointing out that facebook and twitter won a lot of goodwill with lawmakers by really just repeating what the

. >> facebook's sheryl sandberg and twitter's jack dorsey get ready to testify on capitol hill but google owner alphabet declines the request. >>> and amazon joins the trillion dollar club briefly the stock surges to over $2,050 a share, double its value 15 months ago >>> we have some numbers coming out on eurozone composite pmi services i'll bring those to you in a moment we've been watching for this following on from the numbers last month we're looking now at the final composite pmi of 54.5. that's against the flash released of 54.4 that's against the july number of 54.3. let's look at the european markets. generally we can see across that board a lot of red the stoxx 600 looking to be down around two-thirds of a percent at this stage in the morning if we look at the european markets behind those numbers, we can see it's been a bit of an interesting morning so far across the ftse 100 in particular it's down 0.25 in germany, the xetra dax is down 0.7%. in france the cac 40 is down almost 1%. only in italy the ftse mib is up positively almost 0.15%. let's take a quick look at some sector

sheryl sandberg, jack dorsey and the sort of unknown kwoernt in google sheryl sandberg might have theark zuckerberg was here in april twitter, may be a tougher day for dorsey they have discussed election interference in the past but this criticism of throttling conservative content is something new and something he will address not just in the morning but in the afternoon on the house side and google, brace yourself for a shot of an empty chair the company wanted to send their general counsel, jack warner they said that was not going to do so will they be shamed for sitting this out mark warner gave an interview to "wired" and it speaks volumes they do not want to be in the discussion in a media post yesterday raises the specter of whether or not utility-style regulation is necessary with these companies in his words he says i don't believe that is the right answer because they're private entities and they're not violating the first amendment. but all of these questions are very big huge implications for the business model we'll see if we get any actual answers today. i will say dorse

i think sheryl sandberg's point today will be facebook needs help.ig talking point will be that they still doesn't have resources the government has, no-- they don't have the investigative or two-- tools of the cat easily identify who is carrying out these campaigns and what their motives are. lauren: final question. after the senate grilling jack dorsey the head of twitter alone goes before the house energy and commerce committee. he is speaking about the republicans will grill him severely on this. he's speaking about the way the company silences conservative voices on twitter. what do you have to say about that and what you think he will say? >> jack dorsey has been pretty resolute in that twitter doesn't use political ideology to determine whether they shadow band of someone are basically they don't use political ideology to determine how they treat any users, so i think he will continue to say that talking point and also a lot of the gop lawmakers have used my reporting from 2016 to start this in the first place. i was the one that broke the sto

we want you to be the professor now and grade the performance of the ceo let's start off with sheryl sandberg, what grade would you give her >> she gets an a-minus watching sheryl is like watching an assassin. she runs for governor of california in 2026 jack dorsey, what grade? >> b-minus jack stood for what twitter believed in, but didn't quite resonate with the senators and they have more work to do in terms of improving their platform to eradicate some of this influence. >> and i know google didn't send an executive and they tried to send their svp, but the committee didn't want any part of that. what grade would you give google >> so they fail. some people would say an incomplete score and we decided to give them an f. when the government calls, when senate call, show up find a way to make it work you have to wonder what the schedules were like for neither of the ceos to actually show up. it doesn't seem like there's any good excuse there. in terms of the questions that congress missed. what would you have asked? >> i think they sort of scratched the surface around bots and keep in mind,

sheryl sandberg and jack dorsey will testify this morning. ndberg emphasizingthe responsibility that facebook takes and the role it plays in the democratic process saying it's investing for the long-term because security is never a finished job ceo mark zuckerberg echoing sandberg in his own op-ed in the "washington post" saying the combined forces of the private and public sectors will be necessary to protect american democracy from interference in what he calls an arms race jack dorsey will get a double dose of the hot seat testifying before the senate and the house. there the focus will be on whether there's bias in twitter's content monitoring in repaired remarks dorsey saying twitter does not use political ideology to make decisions that there is no statistically significant difference between how often tweets from a republican and democratic members of congress are viewed we don't expect to see representatives from google at the witness stable today the senate committee wanted larry page to testify. the senate rejected the top policy exe

that was not good enough for washington and that's why they placed an empty chair next to it sheryl sandberg and jack dorsey so we will see if that was a wise decision from google to not send a top executive to stock also traded lower but not as much as facebook or twitter one senator had said before that he wanted to ask google questions about their chinese business and this has nothing really to do precisely that was what was baited here on wednesday in washington social media giants in the crosshairs put her hands quarter reporting from new york dan thank you. for european soccer is launching a new competition starting tomorrow the nations league now the aim is to get rid of meaningless friendlies but the tournament is complex so here's a rundown of how it works try to keep up here all fifty five european teams are competing the competition runs on and off for the next three months now teams are going to be split into four leagues eight to di and grouped into three. or four now it ends with promotion and relegation between the leagues and the group winners in league a playoff for the titl

host: let's hear from sheryl sandberg yesterday. again, the whole hearing is available online at c-span.org but she talked about platform members on fighting foreign interference. >> we are focused as they know you are in the upcoming midterms and elections around the world. our efforts in recent elections for germany to italy to mexico to the alabama special senate election chose as the investments we are making are yielding results. we also know us chairman person we cannot stop interference byan ourselves. we are working with outside experts, industry partners and governments including one for a sin to share information about threat and prevent use. we get better at finding and ngstopping our opponents from financially motivated firms to sophisticate military operations. the intelligence government have access to so we don't always know exactly who is behind the attacks or their motives and that is why we will continue working closely with law enforcementrk. >> could you expand on the final part but their interest is particularly

another set of hearings involving jack dorsey of twitter and sheryl sandberg, coo at facebook.oogle officials were missing in washington. but they were answering onstions about bias posting social media and meddling in the election. what is the takeaway? companies still have a huge amount of work to do. it is not clear they have a handle on these problems. they have both kind of admitted that, especially dorsey. the resourcesve of facebook, which is hiring 20,000 people to work on security. orsey cap is saying, we need to but he got kind of embarrassed by lawmakers who were able to pull tweets be real-time showing people trying to sell cocaine and other drugs on his service. -- he had to do a lot of apologizing. it is going to be hard for twitter to scale up some of their solutions. twitter stock took a hit. dorsey was talking about massive shifts in how twitter operates. but he did not really get into too much detail as to how this was going to work. we have to ask you about the drama at the other end of pennsylvania avenue. bob woodward's book week earlier in the week. there

he and facebook ceo sheryl sandberg faced hours of blistering questioning before the senate, specifically the intel committee, over foreign efforts weaponizing the social media sites in order to influence the 2016 election. the theme right out of the gate from the senators, the wild west is over and government regulations are coming soon. so even if you don't own twitter or facebook, look at the nasdaq. you may very well be exposed because as it tumbles on the news, the ugly stick that's hitting twitter and facebook is also hitting focused etfs. look at the global x fund social media etf. iac, google is in here. they have united internet. some of these are chinese companies and you also have, as i mentioned, some of the chinese names. the consumer technology association mouthpiece gary shapiro, he is the ceo, will be coming on in just a moment in a fox business exclusive to tell you how damaging government control could possibly be, or could it help. the dow is moving higher as the trade talks engine restarts with canada. canada's minister of foreign affairs saying just over an hour ago,

guest: sheryl sandberg, the chief operating officer of race book testified on election security and the use of platforms by foreign adversaries in the u.s. election process. she was joined by the ceo of twitter, jack dorsey. jack then travel to the other side of capitol hill to the house for the energy and commerce committee where he testified so low on the idea that twitter may be biased. host: what is the significance that you had the ceos of these platforms to talk about these issues? guest: it has been a long time coming. the companies are in the spotlight for they didn't do enough in the election by russia. in their own definition they were slow to take action in that. a lot of their testimony was acknowledging they were slow to act. so it is significant to have them with push and pull. jack dorsey's first testimony and he has been the ceo for quite some time. so to have him up there answering questions was significant. google was also invited. the decline to send a representative. which lawmakers did not enjoy. host: what did they resolve to do because of that? is a rolling proces

jack dorsey and sheryl sandberg testified before a house committee.nue to get better at explaining how their systems work. is talking about life after alibaba. he spoke to bloomberg in an exclusive interview at his philanthropy conference. >> i don't call myself successful businesspeople, but i am successful on life. i have gone through tough decisions, tough days. these can be very good for many young people. i am not going to teach math, english, business in the schools , but i'm going to teach young people how to face challenges. >> that was jack ma. that was the bloomberg business flash. alix: i want to be good at life. right? emerging-market stocks on the cusp of a bear market for the second day. you can see few signs of relief for that selloff. it is the longest route since the 2008 financial crisis. many are using a single word, contagion. the globalnow is equity and technical strategists for wells fargo institute. route going to stem or is there more to come? there is value there, china, taiwan, south korea. they are reorienting themselves fro

that was not good enough for washington and that's why they had placed an empty chair next to it sheryl sandberg and jack dorsey so we will see if that was a wise decision from google to not send a top executive to stock also traded lower but not as much as facebook or twitter one senator had said before that she wanted to ask google questions about their chinese business and this has nothing really to do precisely when it was words was debated here on wednesday in washington social media giants in the cross-hairs quarter reporting from new york and thank. you. thousands of indian farmers marched on the country's parliament in delhi on wednesday and they staged this protest against the backdrop of poor living conditions bad harvests have often forced farmers to borrow money from dubious lenders at exorbitant rates this debt overload has forced tens of thousands of them into suicide now they demand more help from the government which prefers to boast about the country's strong economic growth. these farmers would rather protest and kill themselves the twelve thousand farmers a year in india choos

sheryl sandberg did touch on the expenses from within, but outside regulation as well i think we have some sound on that >> we don't think it's a question of whether regulation, we think it's a question of the right regulation that supports users, is transparent and doesn't squash innovation. and we're happy to work with you on the proposal. >> so trying to ride a delicate balance. to your point, warner who we will talk to later on on "power lunch," told dorsey after false starts, you start to make change seriously. so at least on the senate front. we'll see what the house says to him, but the senate a little more complimentary about their efforts. >> which is somewhat surprising, because ahead of the testimony, we are going into the midterm elections. there is bipartisan bashing for these social media companies and people -- members of congress, senators and the members of the house, want to show their constituents they are on top of this issue, especially heading into the midterms with some uncertainty how far the influence will be. it sounds like the companies are working to preven

guest: sheryl sandberg, the chief operating officer of race book testified on election security and the use of platforms by foreign adversaries in the u.s. election process. she was joined by the ceo of twitter, jack dorsey. jack then travel to the other side of capitol hill to the house for the energy and commerce committee where he testified so low on the idea that twitter may be biased. host: what is the significance that you had the ceos of these platforms to talk about these issues? guest: it has been a long time coming. the companies are in the spotlight for they didn't do enough in the election by russia. in their own definition they were slow to take action in that. a lot of their testimony was acknowledging they were slow to act. so it is significant to have them with push and pull. jack dorsey's first testimony and he has been the ceo for quite some time. so to have him up there answering questions was significant. google was also invited. the decline to send a representative. which lawmakers did not enjoy. host: what did they resolve to do because of that? is a rolling proces

sheryl sandberg and jack dorsey sat next to an empty seat. the committee wanted larry page there, but he turned them down. that did not sit well with virginia senator mark warner. >> i am deeply disappointed that google chose not to send its own top leadership to engage the committee. i know our members have a series of difficult questions about structural vulnerabilities on a number of google platforms that we need answers for. a time when google is getting hammered by conservatives for allegedly being biased against them, it makes you wonder why is larry page not out there defending his creation, like mark zuckerberg might have done? that is the question posed by this week's cover story in bloomberg businessweek. where in the world is larry page? i want to bring in the author who brought -- who worked along with our resident and was at the hearing. larry page has never loved public speaking. he has some health problems right now that have to do with his voice. but in general what is the view on why he did not show up? >> it depends on who y

sheryl sandberg said trust is the cornerstone of our business. been eroded given the numbers that we saw come out. woman look at what is happening right now, operating margins are going down, we think those are necessary investments because they have to fix facebook. they need to make investments to do so but on the revenue side. that is right you can go from king one-day to no longer. that is were we are concerned. >> you are still shareholders in facebook. why? >> would like to see the company turn around. we think there is value there. they have an almost monopolistic position in the space. we think that is under threat. because it is a risk, we are under weighted versus the benchmark. while we are still participating in facebook, we want to be active shareholders. we want to engage our clients capital to get the company to change. not only on this issue which is a content issue, we have engage them on the gender pay equity for the last three years. we think that there is opportunity for the company to turn it around. i do think it will take m

for sheryl sandberg, jack dorsey , facebook and twitter, this is a big day.uestions than what we saw in the house. tom: thank you so much. we look forward to the festivities in washington today. kevin cirilli, our chief washington correspondent. coming up, the chief executive officer of devon energy, the new geophysics of petroleum in america and our independence across the globe. please stay with us. guy johnson in bloom london. this is bloomberg. ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. designed to save you money. wireless network whether you use your phone to get fit. to find meaningful, thoughtful, sligh

liz: jack zoarsy and sheryl sandberg on the hot seat tomorrow answering questions about censorship of conservatives and so much more. charles payne is here with "making money." charles: stocks struggled to find firm footing today. but there were great signs for the economy. amazon become the second company ever to hit the $1 trillion market cap. ed the big explosion down on capitol hill. the judge kavanaugh supreme court confirmation hearing kicked off with a lot of chaos. democrats delayed the hearing by 77 minutes over what they called missing documents. protesters making their voices haired. there were a dozen arrested. but when it came for kavanaugh's test moan why it was straight and narrow. >> i do not decide cases based on policy preferences. i'm not a pro plaintiff or defense judge. i'm a pro slaw judge. the supreme court must never never be viewed as a partisan institution. the justices on the supreme court do not sit on opposite sides of an aisle. they do not caucus in separate rooms. if confirmed to the supreme court, i would be part of a team of nine. committed to deciding

the most of telling is when sheryl sandberg said something to the effect, we are not against regulationr winking to lawmakers. they want to help write these laws. that's what unions have done for decade, millennia. >> they want to write laws that are favorable to them, that don't really hurt them, that are toothless, but hurt their competitors more. this is about a big incumbent want to go maintain its position in the marketplace. it's dangerous to be in this situation where everybody agrees, let's regulate. let's treat facebook, twitter as a public utility. the speech on them is private. i think there is a problematic idea that we see in both parties. basically social media is kind of a public utility and should be regulated like a public utility. kennedy: consumers don't want that. do you think there is any correlation between the hearings yesterday and the scolding dorsey and sanders got from lawmakers and lawrence jones being banned from twitter today? >> i think there is a vague connection. all of these things are happening at the same time for a reason. it's bus social media platf