let's do business critics call it a life or death writing program china's social credit system which it's expanding this year to include companies both foreign and domestic have to install surveillance cameras in their premises and share the data with the government also be break it all net tax records and compliance a system that has many firms spooked. a traffic light with facial recognition cross on red face a public shaming and loose social credit points in some chinese cities it's already a reality even those who sort their trash incorrectly have to reckon with point deductions in some places as well as the penalties for low scores like losing the right to ride the fast train the point system is scheduled for full implementation across china by the end of 2020 and it will also affect businesses the new system will monitor whether business is it here to customs regulations pay taxes pay off loans or follow environmental regulations those who flout the rules faced point deductions experts warned that firms with bad scores could be hit with sanctions or even lose their licenses. it

china is rolling out its social credit system experts warn firms to watch out constant surveillance and tough sanctions doing business in china is set to get even trickier. by blacklisting weiwei the us resist getting left behind in the race to build the next generation of high speed internet networks. and 400 years on could the u.s. have become the globe's talk the economy without the transatlantic slave trade. been physical and its new business critics call it a life or death writing program china's social credit system which it's expanding this year to include companies both foreign and domestic have to install surveillance cameras in their premises and share the data with the government also be rated on their tax records and comply it's a system that has many firms boot. a traffic light with facial recognition cross on red face a public shaming and loose social credit points in some chinese cities it's already a reality even those who sort their trash incorrectly have to reckon with point deductions in some places as well as the penalties for low scores like losing the right to ride

critics call it a life or death writing program china's social credit system which it's expanding this is one clue companies both foreign and domestic have to install surveillance cameras in their premises and share the data with the government also be break it all net tax records and comply it's a system that has many firms spooked. a traffic light with facial recognition cross on red face a public shaming and loose social credit points in some chinese cities it's already a reality even those who sort their trash incorrectly have to reckon with point deductions in some places as well as the penalties for low scores like losing the right to ride the fast train the point system is scheduled for full implementation across china by the end of 2020 and it will also affect businesses the new system will monitor whether business is it here to customs regulations pay taxes pay off loans or follow environmental regulations those who flout the rules face point deductions experts warned that firms with bad scores could be hit with sanctions or even lose their licenses. it's a completely new syst

china is rolling out its social credit system experts one part firms to watch out constant surveillance and tough sanctions doing business in china is set to get even trickier. by blacklisting huawei the u.s. risks getting left behind in the race to build the next generation of high speed internet networks. and 400 years on could the u.s. have become the globe's talk the economy without the transatlantic slave trade. been physical and its new business critics call it a life or death writing program china's social credit system which it's expanding this year to include companies both foreign and domestic have to install surveillance cameras in their premises and share the data with the government also be rated on their tax records and comply it's a system that has many firms boot. a traffic light with facial recognition cross on red face a public shaming and loose social credit points in some chinese cities it's already a reality even those who sort their trash incorrectly have to reckon with point deductions in some places as well as the penalties for low scores like losing the right to

also coming up china gets ready to expand its social credit system on to foreign companies. but come to a business on one of the germans in berlin the tabby with us and it was yet another bad day for the british pound on wednesday british prime minister boris johnson said he'll suspend parliament in the run up to his october 31st breaks a deadline a move that makes a no deal breaks it's an audio ever more likely. maybe it's a bluff but the consequences are already quite real boris johnson wants the e.u. to take a no deal breaker seriously forcing the bloc back to the negotiating table but with every lurch toward his october 31st deadline the pound has reacted its lead steadily against the dollar leading up to johnson's election as conservative party leader it fell after his meeting with german chancellor angela merkel failed to produce a breakthrough and then today a slide of more than one percent before recovering some losses. there have been fleeting gains here and there but at about a $1.22 the pound is muddling around lows last seen more than 2 years ago and it could get

that critics call it a life or death rating program china's so-called social credit system which it's expanding this year to include companies both foreign and domestic they have to install surveillance cameras in their premises and share the data with the government they're also being raided on their tax records and compliance a european business group says firms are ill prepared. a traffic light with facial recognition cross on red face of public shaming and loose social credit points in some chinese cities it's already a reality even those who sort their trash incorrectly have to reckon with point deductions in some places as well as the penalties for low scores like losing the right to ride the fast train the point system is scheduled for a full implementation across china by the end of 2020 and it will also affect businesses the new system will monitor whether business isn't here to customs regulations pay taxes pay off loans or follow environmental regulations those who flout the rules face point deductions experts warned that firms with bad scores could be hit with sanctions or

i was staying in china for a while because maybe you've heard of china's social credit system that's the massive into networks a balance system that will score every residence here instance norms from proper trash disposal to crossing the street on green it's scheduled for full implementation about a year from now but you also know that businesses will be evaluated too including foreign ones and many on trade. a traffic light with facial recognition cross on red face of public shaming and loose social credit points in some chinese cities it's already a reality even those who sort their trash incorrectly have to reckon with point deductions in some places as well as the penalties for low scores like losing the right to ride the fast train the point system is scheduled for full implementation across china by the end of 2020 and it will also affect businesses the new system will monitor whether business is it here to customs regulations pay taxes pay off loans or follow environmental regulations those who flout the rules face point deductions experts warn that firms with bad scores coul

a traffic light with facial recognition cross on red face a public shaming and loose social credit points in some chinese cities it's already a reality even those who sort their trash incorrectly have to reckon with point deductions in some places as well as the penalties for low scores like losing the right to ride the fast train the point system is scheduled for full implementation across china by the end of 2020 and it will also affect businesses the new system will monitor whether business is it here to customs regulations pay taxes pay off loans or follow environmental regulations those who flout the rules faced point deductions experts warned that firms with bad scores could be hit with sanctions or even lose their licenses. it's a completely new system unique around the world everything relating to the company exists in a single system which produces a single score we fundamentally support this system it's a positive thing to clean up things in china but there are uncertainties and one of them is that it's difficult to see how the scores calculated. it's a system that still remains

china is preparing to launch its social credit system a massive surveillance system that will score every residence a adherence to social norms everything from proper trash disposal to crossing the street on a green light but it's not just individuals will be evaluated both foreign and domestic companies will be required to install surveillance cameras in their on their premises and share the data with the government and they will also be rated on their tax records and compliance a system that has many firms spooked. a traffic light with facial recognition cross on red face of public shaming and lose social credit points in some chinese cities it's already a reality even those who sort their trash incorrectly have to reckon with point deductions in some places as well as the penalties for low scores like losing the right to ride the fast train the point system is scheduled for full implementation across china by the end of 2020 and it will also affect businesses the new system will monitor whether business is it here to customs regulations pay taxes pay off loans or follow environmental r

a traffic light with facial recognition cross on red face a public shaming and loose social credit points in some chinese cities it's already a reality even those who sort their trash incorrectly have to reckon with point deductions in some places as well as the penalties for low scores like losing the right to ride the fast train the point system is scheduled for full implementation across china by the end of 2020 and it will also affect businesses the new system will monitor whether business is it here to customs regulations pay taxes pay off loans or follow environmental regulations those who flout the rules face point deductions experts warn that firms with bad scores could be hit with sanctions or even lose their licenses. it's a completely new system unique around the world everything relating to the company exists in a single system which produces a single score we fundamentally support this system it's a positive thing to clean up things in china but there are uncertainties and one of them is that it's difficult to see how the scores calculated here it's a system that still remain

developing a social credit system here in america with private businesses like life insurance companiesa activity for evidence of good and bad behavior but does anyone find this alarming? >> is concerning. imagine you go on a date or putting yourself on a dating app and you put your score, social credit score on there and that's what they're encouraging because the ali baba were talking during the commercial break had that in working with matchmaking agencies to encourage people to put out there score to show there are a good candidate. here in the united states are reported on this the life insurance companies will double check your social media post to see what you're doing before and after if you're in an accident to see if your line. david: we told social media companies we want you to enforce the police out there the ethical police so this is a step too far. >> as far as the dating app, go to a bar and - skip these apps. it's easier. >> is obviously a difference between the government and private companies. a government you can't opt out and they have weapons but private companies

(uplifting music) >>> welcome back a new piece is comparing the chinese social credit system with the individual ratings generated by tech companies. some of these companies like ub, lyft and airbnb allows users to rate their counterparts. is it the start of a new social scoring economy and is there anything that you can do to opt out of it? i'm joined by ed lee from the "new york times. and todd hazelton. welcome, guys. ed, i'll begin with you. especially when it regards insurance company, people need to know that they can be trolling your social media post to figure out if you are a smoker or not. >> whether you are a smoke, whether you like to live dangerously. and we see that all the time there is all kinds of viral videos of people doing crazy or stupid things or dangerous things i don't know how much they are going to drill down when it comes to the insurance companies to, you know, jon smith is applying for life insurance, so let's take a look at his social media feed that might happen to a degree, but i think insurance companies are dealing with millions of customers at a time

nobody knows what is going to affect your social credit rating. rather than take a risk, don't.is the problem. know,because if you don't we do not target anybody in the united states. basically, we don't have what needs to happen right now. i think it is desperately needed. thank you, i am sorry that was super far over and did not get to hit some areas that i thought were important. [applause] you ever wondered what radio free asia is, hopefully i have given you some idea of what we are about. >> can i ask your point of information. can people apply for the open tech fund? libby: yes. one of our great successes is the open tech fund. can you go to the next light? -- next slide? these are forming areas of focus. i put this slide in because it the resiliency and power of this program. new applicants and new projects applying every single year. so that we end up with what we have now, which is able to finance 3% of the proposals we get. here are a projects that are funded by us. itr question is, do we see steady? yes. yes we do. once upon a time internet freedom was a handful of ve

china's dictatorship, police and citizens with social credit score, i'm not kidding.ing the same system for america. brett larson has been woken up, taken out of radio, and asked to come here to discuss it, so don't move. ♪ you become closed off. i felt withdrawn, alone... having to live with bad teeth for so long was extremely depressing. now, i know how happy i am. there was all the feeling good about myself that i missed. i wish that i had gone to aspen dental on day one and not waited three years. at aspen dental, we're all about yes. like yes to flexible hours and payment options. yes to free exams and x-rays for new patients without insurance. and yes, whenever you're ready to get started, we are too. call now at 1-800-aspendental. ♪now i'm gonna tell my momma ♪that i'm a traveller ♪i'm gonna follow the sun transitions™ light under control™ new transitions™ gen 8™ lenses ask your eye care professional today and learn more at transitions.com >> brian: in china, if the government decides it doesn't like what you do or who you are, you can be blacklisted from schoo

china's dictatorship, police and citizens within social credits corporate i'm not kidding.icon valley could be built in the same system for america. buller at larson has been woken up taking out of radio and asked to come right here to discuss it so don't move. ♪ run with us on a john deere 1 series tractor. beacuse changing your attachments, should be as easy as... what about this? changing your plans. yeah. run with us. search "john deere 1 series" for more. i felt withdrawn, alone...mile, you become closed off. yeah. run with us. having to live with bad teeth for so long was extremely depressing. now, i know how happy i am. there was all the feeling good about myself that i missed. i wish that i had gone to aspen dental on day one and not waited three years. at aspen dental, we're all about yes. like yes to flexible hours and payment options. yes to free exams and x-rays for new patients without insurance. and yes, whenever you're ready to get started, we are too. call now at 1-800-aspendental. >> brian: in china if the government decides it doesn't likely do or who you

and that's, you know, it's a social credit scoring system in china where you use computers to track peopletrol the society more so it's a police state version, there's a military version, there are all sorts of different applications of this. and a.i. is just -- think of it as just the cutting edge of the computer revolution today. it's sort of the most advanced computer r&d that we're doing. maria: but right now computers can't reason the way humans can, they can't necessarily show emotion, but a.g.i. they will be able to. >> they will be, but it's about what's actually happening today which is a.i. where they can't reason, but they could maybe see that, you know, you're maria bartiromo, and we can track your movements or something like that. maria: i understand. and china is tracking all citizens' movements, they are tracking their citizens, they are using a.i. to do it. right now they're rounding up muslims, the uighurs, and they're putting them in concentration camps basically. they're calling them reeducation camps, but they're guarded by men and guns. does google not understand this?

conservative position because nobody knows what is going to affect your social credit rating. .athertake a risk, don't that is a problem. also, if you don't know, we don't target anybody in the united states. basically, we don't have what needs to happen right now. and it is desperately needed. thank you so much. i am sorry i went far over and didn't get to hit some areas i thought were important. [laughter] you ever heard of radio free asia, hopefully i have given you an idea of what we are about. >> the open tech fund, can people apply for that? of our greatest successes is the open tech fund. these are four main areas of focus. i put this slide in because it i think the resiliency and power of this program. applicants and new projects applying every single year so that we end up with what we have now which is able to finance 3% of the proposals we get. here are some key projects funded by us. we see ition is -- do spreading? do.we once upon a time, internet freedom was a handful of vendors, and now we are having 70 or 80 projects at a time with real hands-on management. we only pa

also coming up china gets ready to expand its social credit system to foreign companies. but come to a business on one of the johnsonville in the tabby with us and it was yet another bad day for the british pound on wednesday.

tech giant would be permitted meanwhile, a business group issued a wake up call on china's new social creditank citizens and businesses according to their economic and social reputation let that sink in there, what that would mean. the european union chamber of commerce in china says foreign companies are unprepared failure to comply with the scheme could lead to sanctions or even blacklisting the president of the group said the system could, quote, spell life or death for individual companies. it's set for 2020. and in other news, brazil has said it is open to foreign aid to help fight fires in the amazon in an apparent u-turn following a spat between it's president and it's french counter part the government would accept financial support as long as it could decide how it was used he earlier said he would only september it if macron apologized for, quote, insults against him. just a reminder that you can follow us on twitter at street signs on cnbc if you want to weigh in on what's going on in rome on the grown. if you want to weigh in on the tomato festival. anything we have been discussi

helping process satellite images, helping with the cyber warfare, things like that, and that's a social creditse computers to track people and control the society more as sort of a police state version, there's a military version. all sorts of different applications of this and in that sense ai is just you should think of it as just the cutting edge of the computer revolution today. it's sort of the most advanced computer red that we're doing. maria: tell me how this came about where google decided to walk away from the u.s. government and work with china? >> well you can always speculate on what's actually going on inside google. i think google's self-image would be that it's globalist, it's'-national somehow, cost month poly tan. i think the reality is more that it's incredibly zeroing in on the google example where the ai deep mind effort was described by its own founder as a manhattan project for ai, so even though this was meant as probably marketing hyperbole in a way, i think that people outside the u.s. might very well take that literally and so if you go around saying here is the manh

credit history. personal information like where you live, social security information, credit card history and any loans you take out or mortgages you have had and that information and compile it in a large database and make it available to other companies they are looking to assess your credit. >> host: in other words, they are selling our information. >> guest: they are monetizing it which is, i guess, the reason i would be hesitant to use the word selling is when most people think of selling you talk about selling your car and at the end of the transaction if i sell you my car i don't have my car anymore and you have my car but when these companies are monetized the data as i say it they're not necessarily turning the data over to someone else but just giving you an answer about this insane this person has good credit for this person has high risk or low risk and are not necessarily sharing all that information. >> host: is it a good system? >> guest: parts do work really well and the parts of the work while our we get credit and it's very easy to open a new line of credit to buy a car at a dealer be

right now, china is using facial recognition in law enforcement and also in a social credit system. > we're get being more information about a man in southern california, accused of threatening a mass shooting at the marriott hotel where he worked. police say 37-year-old regoso montoya threatened to kill his coworkers and hotel guests at the long beach marriott. he was arrested tuesday at his home in huntington beach after he revealed his plot to an alleged coworker. >> had clear plans, intent and the means to carry out an act of violence that may have resulted in a mass casualty incident. >> investigators say montoya worked as a cook at the hotel and was angry because he was about to be fired. >>> time is now 8:24. -- a benefit concert and auction. called gilroy stronger. it will be held saturday, september 7th. at the gilroy elks lodge. organizers want donations to provide financial help for the shooting victims d their family. that event will include several performers from the gilroy area. >>> toymaker hasbro is buying the company behind peppa pig. it's spending $4 billion to acqu

credit history. they will collect personally identifiable information, where you live, social security number, credit card history, any loans you take an outcome any mortgages you've had, that kind of information. they will compile it in a large database and make it available to other companies that are looking to assess your credit. >> host: in other words, they are selling our information. >> guest: they are monetizing it, which is i guess the reason i would be hesitant to use the word selling, when most people think itself to talk about selling your car, , at the end f the transaction if i sold my car i don't have a car anymore and you have that car. when these companies are monetizing the data as i said, they are not turning that data over to somebody else. they are just giving you an answer about this. they are saying this person has good credit or this person is a high risk for a low risk. they are not necessarily sharing that banking information with the other entity. >> host: is it a good system? >> guest: there are parts of it that work really well, right. the parts that work well is we get

names, addresses, credit scores were all compromised, but not social security or account numbers. credit karmaha us were affected but that's more than 300,000 accounts. >>> just looking at this on your tv may be disturbing. the fda is looking at 13 different package warnings including images of dance rouse tumors and diseased lugs. a court barred a similar effort by the fda in couldn't force cigarette makers to use grisly >>> dave russell says these shoes were gifted to him at the 1972 olympic trials in eugene, oregon, when he was trying to earn a spot on team usa. the rare kicks were known as moon shoes, only 12 actually made. they're handmade. russell sold the shoes at a hotel chain which wants to put them on display at a nike-themed property in oregon. you never know. that's why my hoarder's heart is happy to hold on to every single thing. >> that's not supposed to be the message for that story. >> i didn't need to hear that. i'm trying to get everything out of my house. i hope it works for you. >> thanks. >>> small craft advisory starts at 3:00 this afternoon through 3:00 tomor

process satellite images, helping with the cyber warfare, things like that, and that's -- it's a social creditng system in china where you have computers to track people and control the society more, police-state version, military version and all sorts of different applications of this and in that sense ai, think of it cutting edge of the computer revolution today, sort of the most advanced computer r&d. >> right now computers can't reason the way humans can't, they can't show emotion, agi they would be able to. >> it's about what's happening today, ai, they can't reason but maybe see that, you know, you're maria bartiromo and we can track your movements or something like that. maria: so tell me how this came about where google decided to walk away from the u.s. government and work with china? >> well, you can always speculate on -- on what's actually going on inside google, i think google self-image would be it's globe -- -- globalists, the reality is it's more insular and people have shocking reality about outside world and the kinds of things you said about western china and conversations t

because the internal revenue code was changed in tax reform to require social security numbers for the child tax credit and the amish do not believe in participating in the social security system because they depend on themselves and not the government for assistance. they also do not claim the earned income tax credit. and when we had dependency exemptions come there was a -- exemptions, there was a process that the irs has used for about four decades with the amish would come in, prove they were the amish to the social security department, the social security agency would tell the irs that yes, they are approved, and every year they would file their return and before the return was processed, the irs would have them file paperwork to show that their children existed, etc., etc., etc., and then we would file their returns. the irs has refused to do that this year because the child tax credit requires a social security number. and i am writing a vigorous response. i have already raised this in congressional testimony. i think this is a violation of the religious freedom restoration act and several othe

all familiar with identity theft someone takes our name our social security number or runs up debts in our name and we're left with a ruined credit report well synthetic identity theft takes your social security number or other information and forms a totally fake person they may have your social security number my address other pieces of information and they create this new person and they use that it's a gradual process because what happens is they'll apply for a big loan or actually even a small loan using this synthetic identity they go to the credit reporting agencies and there's no credit report so they get turned down. but just by applying that will open a new credit report and then gradually what they do is they get a small loan they may even pay it off it's a dedicated dennehy that often happens over years and eventually they hit for the big one now here's the problem with this and it's really interesting because let's say they have your social security number but not your name when the harmful credit report information comes it doesn't appear on your regular credit report or appears on a sub file that you don't see but

they did a little bit to goose it in social media but the credit belongs to black twitter, the reallyaged community, people of color on twitter who really made this a cultural conversation. they're a huge cultural driver when it can comes to social justice, memes, i think they deserve the credit for making this such a huge thing and the chain did their best. >> i will use the phrase manufacture scarcity whatever i can. it will be the excuse not to attend the countless parties i've invited to all the time. that's why i'm never at parties because i'm intentionally not going to all the parties i'm invited to. david, you think there's some peril in this for popeyes right now, explain? >> popeyes is a 50-year-old chain and one that's never been known for their customer service. excellent chicken, question customer service. that's just how we think of them. they are now in this position of suddenly being for the first time in 50 years a chain that everyone's talking about, people who are going to are hearing about it, and they have this rush of product where they were selling out even befor

says a technical issue exposed some personal data of some users names, addresses, credit scores all compromised. not socialers. credit karma says lease than one half of 1% of customers are involved in this. that is still more than 300,000. the company says all of them will be contacted. >>> a report is now out showing the cheapest and most expensive cars to insure in the united states. personal finance website wallet hub analyzed quotes from ten major insurance providers for 26 of the best selling vehicles during the last decade. according to its research, the subaru forester has the lowest insurance costs at just under $1800 a year. followed closely by the dodge grand caravan and at honda odyssey. the car that cause cost the most to insure, the lexus ls with an annual premium of $3300. then the bmwx5 at $2500. when it comes to car types, minivans are the cheapest to insure and coups are the most expensive. >> want to get away to hawaii for cheap? southwest airlines is selling one-way tickets to the islands for just 99 bucks. the deal is good for travel on certain days in january, february, and march. the

adult population, breaches of the names, addresses, social security numbers, credit card information,ng, can take years for them to recover. now in this instance, if you did a mathematical temple equation that's how much money each victim was set to recover, it would've been a little bit more than $4. this is a wake-up call that shows how clueless the federal government is at protecting people with respect to their personal data protection and cybersecurity and that's why states are leaning forward and taking the lead. if you look for example at the data privacy legislation in new york and california, they are leaning forward and starting january 1, there are new rules were people can be protected on the state level. they're not getting in a production from the fed. >> shepard: they are a data business. their job is to take care of data. they lost all of our data. they didn't pay us anything, they don't have to admit any guilt. the data people own the nation, and we are sitting over here with pennies. it's not right. it's not fair. the big guy always wins and the little guy always los

examination of an amazon facility in virginia that runs the databases that hold customer credit scores and socialers. the wall street journal said the visit was made in april and around that same time prosecutors allege a hacker in seattle stole capital one data from amazon's cloud storage. the paper says it doesn't appear the fed was aware of the data breach at the time. cheryl: it is anti-trust reviews against big companies continue, the federal trade commission is examining facebook's acquisition as part of the examination. the wall streewall street.faceb0 companies since 2003. lauren: a landmark arms control treaty is now dead. the u.s. walking away today from the intermediate range nuclear forces treaty that president ronald reagan signed, saying russia has been violating the treaty for years. mike pompeo issued a statement saying in part, quote, russia failed to return to full and verified compliance through the he destruction of its noncompliant missile system. russia is solely responsible for the treaty's demise. now, we are expecting secretary pompeo to speak at this hour. we are monitor

this including sensitive information related to credit card applications, names, addresses, social securityating back to 2005. this after receiving a tip, authorities arrested and charged a former amazon web services employee who boasted about the hack on twitter. you are watching the surveillance video of the law enforcement raid on the suspect's home. capital one said it was unlikely the information was used for fraud or disseminated by the individual. since the news broke, the dow jones -- around the same time of the capital one hack. we are joined by nicole eagan, darktrace ceo. does this undermine the cloud? nicole: there are so many benefits that i don't see a potential swing on data centers. what i do think it means is people will give a hard look at cloud security. emily: this was related to a flaw in a capital one firewall, not amazon web services issue. that said, is amazon web services vulnerable? which is the biggest player in the cloud market. nicole: this attack was a result of a vulnerability known as a configuration error in the web application firewall that was specific to