amazon and tech companies, 25% of the s&p 500.ega cap stocks, it really creates these huge gyrations. the story continues to be the same. emily: wild swings. abigail doolittle, thank you for covering it all. finally, after a year of the world being aware of covid-19, some good news coming out of pfizer. the company saying that the vaccine it is developing appears to prevent more than 90% of infections. dr. fauci with the national institute of allergy and infectious diseases is calling an extraordinary. president-elect joe biden expressing optimism. mr. biden: i will spare no effort to turn this effort around and get a vaccine manufactured industry beaded as quickly as possible to is -- manufactured and distributed as quickly as possible. >> it is early and that we don't know how many people will end up in protected with this vaccine. a vaccine that appears to be safe. >> we have record numbers of total infections. even if there are fewer people per 100 people that are sick, who are dying in the end, you could wind up with more des

so how likely is it then the breakup of facebook and other big tech companies well the digital chief of the european commission said yesterday to be cautious with this instrument because we would have very lengthy legal proceedings but one question also is what would breaking up big tech achieve for consumers an important thing to understand about these platforms is that their networks and so they become more valuable as more users join them and that means that already big platforms tend to become bigger and we have to ask ourselves if we were to break up a company like facebook if the result would simply be that the process repeats itself and we end up with one big social network once again yet it's interesting miriam that the e.u. has been more successful than the u.s. in taking on companies like google facebook microsoft what do you think is behind the success doing that well the e.u. seems to have been more active in the past couple of years in this area with investigations into google and apple and facebook and germany as well i do think that the u.s. is catching up now i think

tech company. facebook isn't the only big tech company playing the connectivity card here in cannes last year alphabet the parent company whose most famous brand is google signed a deal with telecom kenya to quote connect the unconnected using buildings. buildings loom is a path breaking project that's been 8 years in the making and the idea is deceptively simple use high altitude balloons to provide internet connectivity in remote and hard to reach parts of the world kenya is where luna is making its commercial debut i spoke with charles merida he doesn't represent loon but it's more well known sister company google google's mission from the get go was to really get a lot of the africans who are offline online and to make sure they get online in a more affordable and have better conduct content as well as relevance and the mission around noon is to ensure that we are able to deliver connectivity to the most remote part of the continent and around the world so i am proud to say that here in kenya i

it's one of eight tech companies blacklisted by the u.s. government over concerns about human-rights e 2): >> narrator: the engineer who helped develop xinjiang's mass-surveillance system explained how these companies' technology works. >> (engineer): >> narrator: his account matches reports by other tech experts and human-rights researchers. the leon executives tell li about even more sophisticated technology their company has helped the government implement. >> (leon executive 2): >> (leon executive 2): >> leon participates in makers of cloud data room in order to ensure the infortion enabled. >> narrator: a leon promotional video gives some hints about this revolutionary new system. >> ...committed informatization help the government establish more efficient informatization system and provide perfect services for operation and maintenance. >> narrator: the former engineer from xinjiang sa the system is called the integrated joint operations platform. >> (engineer): >> narrator: powered by artificial intelligence, or a.i., the system tries to identify behavior the government conside

there she realized that black employees were under represented in tech companies. so she founded the network black in tech. i think it's a reality. it's a reality that there are few days in the take space. and that is not only when it comes to workers that really from the top, when you think about investors, when you think of board members, when you really think about the people behind the creation of why these technology and innovation is a hot spot for young tech companies the industry employs over $70000.00 workers here, but like almost anywhere, the majority of these workers in the german capital are white. and blacks looking for a job in the industry, often have frustrating experiences. like financial experts. i psec who moved to berlin from the u.s. . so unfortunate, i mean, hard to get to the right, but germany undervalue my experience whether it's street interviews or during everyone is really trying times i asked myself my mind in dealing with it. i tried to shop in my school. i mean, i still myself so that when i get a child that what i made, that's what i

ora not just be at a tech company or a fashion company, it could be ina or a fashion company, it couldany. they're going to be jobs over the place. both gender equality in a diverse workforce for better technology as well. quite frankly, if we are trying to build software for the entire world of the entire world has to be represented in the room. for a building software with only men in the room you're going to have problems with the softwa re going to have problems with the software fails for women just flat out. thank you everyone. thank you everyone, that is all we have time for. a huge thank you to our expert panelists and to our fabulous audience, those who have spoken in those who have looked in as well. it has been such a blast. take care and we will see you soon. hello and welcome to the week in tact. the week the elon musk passed bill gates to become the worlds second richest person now just worlds second richest person nowjust behind worlds second richest person now just behind amazon's founderjeff baysse now just behind amazon's founder jeff baysse of now just behind amazon'

in 2013 she moved to berlin there she realized that black employees were under represented in tech companies so she founded the network black in tech. i think it's a reality it's a reality that there are few. days in the take space and that is not only when it comes to workers. that really from the top when you think about investors when you think of board members when you really think about the people behind the creation of what is technology and innovation. as a hot spot for young tech companies the industry employs over $70000.00 workers here but like almost anywhere the majority of these workers in the german capital are white and blacks looking for a job in the industry often have frustrating experiences like financial experts i psec who moved to berlin from the u.s. so unfortunately i. think part. of the company's journey. undervalue my experience. whether it's during interviews or during the negotiation. everyone is really trying times i asked myself. my mind. in dealing with it i tried to. shop in my school i mean i still myself so that when i get a. child that what i'm made. that's

potentially breaking up some of these massive tech companies.omething that came under trump's doj and may likely continue under a biden administration. emily: let's talk a little bit about section 230, because obviously, we know that president trump has a talk the law but biden has as well. where does biden stand on the power of companies like facebook and twitter to moderate their platform? rebecca: yeah, biden and trump have both called for repealing section 230 of the decency act which provides a broad liability shield for these big tech companies, wherein any third-party content on their platform, they are not liable for it. biden has gone after it because of growing number of hate speech and extremist content, terrorist content that is appearing on platforms, that the platforms are having a tough time keeping up with and removing. they do have that authority to remove it, but biden wants to take a stronger stance against the. he has called for a repeal, although i don't think that will be receptive under congress. they are not calling for a

we are talking about the wealthiest companies in the history of the world. reliance on big techlatforms and companies more than ever as we sit out this pandemic. we see hands out not just by republicans, but democratic administration's come as you will have covered on democracy now! to big tech companies as it somehow we're just giving the a blank check without any governance or oversight or real accountability to just basically technology eyes are future in whatever ways they choose to do so. amy: this is a conversation that we will continue at a future point. professor ramesh srinivasan teaches information studies at the university of california los angeles, ucla, where he also directs the digital cultures lab. he is author of the book "beyond the valley: how innovators around the world are overcoming inequality and creating the technologies of tomorrow." when we come back, as millions of americans plunge into pandemic poverty, the senate has adjourned before passing another stimulus bill. stay with us. ♪ [music break] amy: "capitalist blues" by leyla mccalla. this is democrac

companies. we hear a lot about big tech monopolies but tech or food o cultur, you will have a mopoly problem. i'm talking about monopolies but also do police, two companies that rule one industry and oligopolies where you have three compies one of y companies because you do not have robust competition when you have only a few players and others that flow from this but i want to highlight, lethem understand what it means for the everyday life and how it affects the underlines what they experience on a daily basis. >> right. as you write about, it is across the economy, our cable service, tech companies but also healthcare, airlines, many industries. can you talk about how we got here you sort of explain in the book that there was this revolution in economic thinking decades ago around competition. can you explain how we got here in the economy? >> and i trust laws we have in the u.s. have been around for a very long time. the chairman act passed in 1898, we have pretty good antitrust enforcement for many decades. we had a pretty concentrated economy for a large part of our history. it started t

believe in this idea of a beautiful past it is easy to get back to, we can get back to where the tech companieswere, why do we have a company like facebook? it is a little tricky. google search is very useful but what facebook offered, we let you connect with people. that is something the internet would let you do, decentralized technology that don't have commercialized functions placed in the middle. also everything it offers is a useful function, say you need a facebook account to get updates on the school committee meeting or things related to your church. wouldn't at all be better than a decentralized space, and all of the community newspapers. the community newspaper might have had a lot about your representative, now that facebook has taken over, looking more global and embroiled in things like scandals and conspiracies. i don't think you have? anon-in a community newspaper 10 years ago. it could have happened. people think about what you actually get as you need it. >> a rhetorical question in your comments isn't it better on the community organization, the degree of free will, a lot of

and one female—led tech company, benevolentai, has had a spot of good news this week.ompany that you visited earlier in the year, isn't it? they're using al to try and predict which medicines — which are already on the market — might be repurposed to treat coronavirus. is that right? yes, that's right! just nine months ago, they spotted the initial indications that a drug usually used to treat rheumatoid arthritis could have potential. and it turns out they were right! baricitinib has received fda emergency approval in the us for those who are hospitalised and on oxygen or need ventilation. in a trial of 1000 seriously ill patients, the medicine, combined with anti—viral remdesivir, was shown to help reduce coronavirus deaths by nearly 3%. there was also a 5% reduction in those needing ventilation, and on average, hospital stays were reduced by a day. the company behind this uses ai to crunch massive amounts of data, beyond what would be humanly possible, to understand the mechanisms of disease, as well as the properties of already approved drugs. now, a lot of people

on the biden side you have policians concern these tech companies are not doingnough to moderate content, they are allowing this information to flow freel under services. whereas the trump and conservative argument is more on these allegations of bias against them, these companies have gone too far in moderate d conservative voices. i think the challenge will be what does an actual reform to section 230 lk like in a world won't have a divided congress? obviouslyhere's a lot of momentum of both sid to regulate these companies but what does that legislation look like when you have two very different forces driving that push? >> host: john hendel, "politico." your turn tragic i think the will b urgency around broadband in large part due to the pandemic. we have seen lawmakers in the white house come back and forth this year time to get at bigger relief deal and tha hasn't happened. when you we look at the biden m now and the incoming biden administration faith but broadband is top priority in the pandemic. you've seen right after the election president-electiden putting together a task forc

and one female—led tech company, benevolentai, has had a spot of good news this week.s is the company that you visited earlier in the year, isn't it? they're using al to try and predict which medicines — which are already on the market — might be repurposed to treat coronavirus. is that right? yes, that's right! just nine months ago, they spotted the initial indications that a drug usually used to treat rheumatoid arthritis could have potential. and it turns out they were right! baricitinib has received fda emergency approval in the us for those who are hospitalised and on oxygen or need ventilation. in a trial of 1,000 seriously ill patients, the medicine, combined with anti—viral remdesivir, was shown to help reduce coronavirus deaths by nearly 3%. there was also a 5% reduction in those needing ventilation, and on average, hospital stays were reduced by a day. the company behind this uses ai to crunch massive amounts of data, beyond what would be humanly possible, to understand the mechanisms of disease, as well as the properties of already approved drugs. now, a lot

there she realized that black employees were under represented in tech companies so she founded the network black in tech i think it's a reality it's a reality that there are few. days in the take space and that is not only when it comes to workers. really from the top when you think about investors when you think about board members when you're really think about the people behind the creation of what is technology and innovation. as a hot spot for young tech companies the industry employs over $70000.00 workers here but like almost anywhere the majority of these workers in the german capital are white and blacks looking for a job in the industry often have frustrating experiences like financial experts i psec who moved to berlin from the us. you know i've worked extremely hard to get to the right but i don't think germany. undervalue right. on whether it's 3 interviews or during. every one it's really chinese times i asked myself. my mind. in dealing with i tried to. shop at my school i mean i still myself. when i get a. job or what i made. that's what it's trying to achieve with the netw

tech company. facebook isn't the only big tech company playing the connectivity card here in cannes last year alphabet the parent company whose most famous brand is google signed a deal with telecom kenya to quote connect the unconnected using buildings. buildings loon is a path breaking project that's been 8 years in the making and the idea is deceptively simple use high altitude balloons to provide internet connectivity in remote and hard to reach parts of the world kenya is where luna is making its commercial debut i spoke with charles merida he doesn't represent loon but it's more well known sister company google google's mission from the get go was to really get a lot of the africans who are offline online and to make sure they get online in a more affordable and have better conduct content as well as relevance and the mission around noon is to ensure that we are able to deliver connectivity to the most remote part of the continent and around the world so i am proud to say that here in kenya i

tech company. facebook isn't the only big tech company playing the connectivity card here in cannes last year alphabet the parent company whose most famous brand is google signed a deal with telecom kenya to quote connect the unconnected using billings. loon is a path breaking project that's been 8 years in the making and the idea is deceptively simple use high altitude balloons to provide internet connectivity in remote and hard to reach parts of the world kenya is where luna is making its commercial debut i spoke with charles merida 'd he doesn't represent loon but it's more well known sister company google google's mission from the get go was to really get a lot of the africans who are offline online and to make sure they get online in a more affordable and have better conduct content as well as relevance and the mission around noon is to ensure that we are able to deliver connectivity to the most remote part of the continent and around the world so i'm proud to say that here in kenya is the 1st

tech company. facebook isn't the only big tech company playing the connectivity card here in cannes last year alphabet the parent company whose most famous brand is google signed a deal with telecom kenya to quote connect the unconnected using billings. loon is a path breaking project that's been 8 years in the making and the idea is deceptively simple use high altitude balloons to provide internet connectivity in remote and hard to reach parts of the world kenya is where luna is making its commercial debut i spoke with charles merida 'd he doesn't represent loon but it's more well known sister company google google's mission from the get go was to really get a lot of the africans who are offline on my end to make sure they get online in a more affordable and have better conduct content as well as relevance and the mission around noon is to ensure that we are able to deliver connectivity to the most remote part of the continent and around the world so i am proud to say that here in kenya is the 1st

do you think tech companies are doing enough to stop this material from making its way onto children'stech firms really haven't done enough to make sure that their services are fundamentally safe for children to use. we know that, you know, tech companies make design choices when they build products about how to create really great, immersive products, about how to keep us on services for as long as possible. what we really want to see the big tech firms do is also then consider safety at the design stage, because it's those choices about whether you introduce a particular feature, whether you introduce it in a certain way, whether you use algorithms in a responsible way that isn't pushing out damaging self—harm and suicide content, for example. in your experience, what are the biggest online dangers for teens? well, we are particularly concerned about the risk of online grooming that lots of children and young people face. so our research shows that one in 25 teenagers on some of the largest social networks have had a request to send sexual content of themselves to an adult, or they h

to get back to you, we have very surface level changes we can g back to that good place these tech companiesabout what i would like others to consideinstead is just why do we have a company like facebook. google search is very useful. so what cebook offers, they will tell you we are great becauswe let you connect with people.we let you do th, this, this, that is something the internet set self alrea let you do, that don't have to have the commercialized functions and targeted ads that we've placed in the middle. everything that it offers you can do with the internet already. also, everything it offers, some of its very useful functions say you need a facebook account to t updates on your school committee meeting or your church, things related to your church. wouldn't that all be better and decentralized space clear you are the moderator where the community is managing it to mackey isn't all of this water? i think about the commity newspapers thawere maybe they weren't riving 10 years ago. when you think about the way that a commity newspaper might have had lot of alerts about yourchool, abou

it's a tech company above all that did it, keep that in mind.p next, solar panels on signing international agreements that destroy american jobs, it seems like something that would happen in 2009. joe biden wants to bring it all back. ♪ >> tucker: turns out john kerry like barack obama is what they call a claimant denier. how do we know that? well because like obama john kerry recently purchased a $12 million waterfront homes on the island of martha's vineyard. so obviously he's not really worried about rising sea levels. the passive indifference that most countries are excepting is basically a mutual suicide pact. that's what people are on right now. because we are not doing what is necessary to save the planet. he's not helping the forgotten american company is hurting him and the kids will have worse asthma in the summer. president trump pulling out of the paris agreement, that will cost lives. that's not a simple political move, people are going to die because of the decision he made. >> tucker: it's or joe biden wants to spend a lot of the

of talk about antitrust where they don't seem to be able to agree on is in what area to take tech companies to task and so in this instance i've seen a lot over the last 24 hours or so saying tech stocks are going to do great if we have a president biden and a republican senate because essentially no one's watching them they're going to keep doing what they've been doing and any talk of antitrust lawsuits any talk of being able to control essentially those things stocks right facebook and google and twitter apple all that talk goes away if we have a president biden and a republican senate and they get to do what they want for the next 4 years what are you. well that's the thing ben i do agree that the beltway versus big tech and the environment becomes less only us here in washington d.c. obviously a lot of people feel like the take is one of the reason why joe biden was able to win that was one of the big used vehicles this campaign season. as people were having to be socially distance apart they still had to get their message out so big tech was a big part of this campaign and we do think

and what tech companies and psychologists and other people have known for years is that defaults are notoriously sticky. and so if you design the interface so that all the defaults are set to maximize exposure, then you're going to get a lot more data in the aggregate than you would if you said all the defaults to privacy protective. because people don't go in and change them. so until we fundamentally change the incentives, we're still going to see companies manipulating the design of these buttons and these technologies to ensure that you still keep disclosing data and that they still keep getting what's the lifeblood of their business. most of us assume that when we go on a website and click that, i agree, but the site simply collects information that we voluntarily choose to share. in reality, there are many ways to dot a collection and the mechanics of it are invisible, hidden by design, the study, it isn't just the website you are on, that's money inclination. there are so-called, 3rd party advertisers, markets and analytics agencies. also tracking, using tiny bits of software

because if something bad happens, the tech company can then say, you actually agreed to this. nobody ever reads the terms of service. no one should ever be expected to. if we actually tried to read every terms and conditions agreement that we came across, it's probably the only thing we would do. it would have to be our day job because for so long we come into so many and may have the veneer of giving control to data subjects. but ultimately it's window dressing. what a hot saga is, what you'd call a school of design. he's been studying the psychology ethics and legal implications of new technologies. one area he specializes in is start of protection and privacy . now, before we get into this, there's a key time you need to know informed consent. this is a principle that comes up a lot in discussions of our rights online, but it's easier to explain in the context of medical surgery. a doctor explains potential risks and worst case scenarios to the patient. once you fully informed you have the option to consent to surgery or not. in the online world, the informed consent is wha

so how likely is it then the breakup of facebook and other big tech companies well the digital chief of the european commission said yesterday to be cautious with this instrument because we would have very lengthy legal proceedings but one question also is what would breaking up big tech achieve for consumers an important thing to understand about these platforms is that their networks and so they become more valuable as more users join them and that means that already big platforms tend to become bigger and we have to ask ourselves if we were to break up a company like facebook if the result would simply be that the process repeats itself and we end up with one big social network once again yet and it's interesting miriam that the e.u. has been more successful than the u.s. in taking on companies like google facebook microsoft what do you think is behind the success doing that well the e.u. seems to have been more active in the past couple of years in this area with investigations into google and apple and facebook and germany as well i do think that the u.s. is catching up now i th

explain to us, if you would, is it legal for tech companies to coordinate to sense sore the politicaliews of americans? >>> i don't know that it is, tucker. in fact i think very old antitrust law called the sherman act prevents these robber baron companies and that's what they are by the way. these are the most powerful corporations in history, and here they are coordinating about how they're going to stop us from speaking, who they're going to ban, what phrases will be allowed to trend and whatnot. we basically caught them red handed. mark zuckerberg admitted to me under oath yeah actually facebook censorship teams do talk to google and twitter. and he added we make our own decisions but he admitted yeah actually they are in coordination. the whistle blower admitted to me they coordinate very, very closely. it warrants further action by congress. congress is going to have to get off its back side and do something here or these corporations are going to run america. >> tucker: antitrust seems like the one thing they fear, not 230, a lot of the solutions we thought would work to make t

their integration in our work and lives and tech companies, there are companies that do things, periodvery single stock that we trade, there are tech and digitalization and more importantly these tech names should benefit from the biden administration president trump has been aggressive on trade including china. when biden comes in is going to change a softer line on trade more a different approach in general on tweet good news, boeing and 3m and honeywell, it is good for the railroad finally under trump and maybe this is the most poimportant thn that's happening right now under trump, american companies have been scared to death of leaving america and opening new factories overseas they tremble at the trump's tweets they're scared of our president. love it or hate it, that will soon be over they'll be able to expand and build again and do whatever they have especially by a company that really needs our allies, boeing that's terrific for their shareholders familiarly boeing the bottom line, there is too much money being made by recognizing all the cross currents here. it is not value v

he was a seat and best of lots of big important tech companies and he was an early mentor to mark. an elevation at the stake i think was it through elevation? >> guest: the elevation past and roger invested personally. >> host: that's right. roger benefited greatly from it in a way initially that his company did not. >> host: it's interesting. he was out talking against his own book at that stage to the media and saying look, i became concerned pre-2016 about what i was seeing on facebook. i felt there was something wrong. he apparently wrote a letter to mark and sugar. this is sort of like your kindly uncle coming to you and say hey, i think we're little bit of problem. apparently according to his telling they went very corporate pr on him very quickly, shut him down. it's hard for me to metabolize how someone can get that information from a trusted figure and not take it seemingly more seriously. in your reporting what conclusion did you come to about this? >> guest: because facebook really downplayed the degree to which roger was an influence, , edited look into this. it's inter

juliet: china is stepping up efforts to rein in some of its most powerful tech companies. investors and doing a blow to the country's richest under veneers. alibaba shares falling in hong kong. a booming start to singles' day. we are seeing this tech selloff deep into $203 billion. the coanchor is at alibaba global headquarters. why is alibaba and these other tech giants, why are they being targeted by beijing? we saw these new regulations unveiled yesterday. they will be consulting the chinese government for feedback on these. they will clearly build out a framework around trying to curtail the power and the influence of these major tech companies. not just alibaba but tencent and jd.com. is a pivotal moment, some have argued in terms of the regulatory approach toward china pot internet and technology companies after what was relatively hands-off start for the chinese government, under these new proposals, they would look at it -- at making it more difficult for these copies to share data and build alliances that might squeeze out some of their competitors and offer subsid

that is the type of rhetoric that will make a much bigger challenge for these tech companies. that will be one of the biggest stories behind the scenes in the next few months, seeing how these companies position themselves dealing with members of both parties, whether it is lindsey graham or nancy pelosi, talking about what they see as deep failings in these companies. kyle: and i think to cat's point, some of the people we are seeing involved in the transition -- one coming from the public knowledge interest group -- he was part of the antitrust division of the doj at a time when they were pretty lax about allowing tech consolidation. biden has other folks in his orbit who similarly came from the obama doj or obama ftc. the sense that you get is less, okay, we will see a total return to those norms, allow the merger first, ask questions later, and more, did we make a mistake, let's apply more scrutiny. cat: looking at the transition teams announced, i thought it was telling that we didn't see big tech lobbyists from google, from apple on that list. we did see two people from a