the government. i think ed also exactly right with regards to telecom it's viewed as a regulatory matter. i think it comes from a real difference in viewpoints as to the state of competition within the industry. i think there is a viewpoint and perspective that there is not competition amongst strairs market barpts in component of the industry. cable is a vertical and landline is a vertical and wireless is a vertical as opposed to the real recognition they are fiercely competing with one another. and in the competitive environment, the role of the government should be to protect that competition through the robust through the antitrust laws and competition statutes but not to planning that competition from a regulatory state of. >> host: and joining us is josh smith, he's with the national journal, mr. smith recently wrote a long piece comparing and contrasting the technology agenda and potential technology agenda of the two candidates. mr. smith, thanks for being with us. . >> guest: thanks for having me. >> host: john, you mentioned that within the tech community and the community, there

two thousand and six once the spying program came to light dozens of lawsuits were filed against the telecom giants by customers who allege that they were spied on facing what could be a series of very expensive judgments against the likes of eighteen t. and other telecoms congress and george w. bush intervened passing the phys amendments act and in two thousand and eight that act granted retroactive immunity to all companies that engage in illegal spying on americans putting a stop to the pending lawsuits the a.c.l.u. and the electronic frontier foundation filed lawsuit against that law saying it clearly violates the constitution and gives the executive branch free rein to make warrantless suspicion list the domestic surveillance there is nothing the courts can do about it. this week the supreme court refused to hear that legal challenge thus killing one of the last remaining options to hold the telecom giants accountable for participating in mass surveillance so eight hundred eighty skates and the surveillance state lives on and under president obama it's thrived as recent d.o.j. documents

a new report raises questions about the future of the telecom industry here in america two chinese companies want to expand into the u.s. but a report by congress says these companies cannot be trusted to take a look at that report coming up. and here to stay president hugo chavez has one venezuela's tightly contested presidential election clinching turned party is on the ground in venezuela with a look at the results and what it means for those living there. it is monday october eighth four pm in washington d.c. i'm christine for zero in you're watching our t.v. . well this weekend the war in afghanistan turned eleven years old already america's longest war it's a war that continues to evolve as it continues to go on and shortly after the attacks of nine eleven invading afghanistan was seen as the best option to both retaliate and to defend the homeland but it soon became clear that it would neither be easy nor short to complete the mission there. two years ago president obama sent an additional thirty three thousand troops a surge to try to speed up and strengthen the war but today the sur

thinks on that as a progressive agenda to help boost our economic competitiveness around the globe -- on telecom communications in particular, i am far less than -- of an expert then he is. in general, i would say the administration is much more in the regulatory, how to deal with various constituencies, of various different businesses trying to balance the different issues, the different kinds of industries, at. these administration looks on -- and i may be speaking to broadly here -- i think the administration looks more on the far reaching investments in science and innovation as their policy agenda, compared to trying to work out where telecommunications firms can invest, because they can do that pretty well on the rhone. they are quick to adapt. there are regulatory issues that define that there. >> the same question with regard to governor romney. >> speaking for the campaign, i am an enthusiastic supporter and observer of the campaign. i think that ed makes a good point. i think there is broad consensus that telecommunications and communications contribute to our national activity and sta

trying to bring back legislation that's a co-leader example of overreaching state surveillance for the telecom industry to profit michigan congressman mike rogers you are today's villain. tens of thousands of protesters rallied in athens today against a visit by german chancellor angela merkel the protesters who represent the opposition against the measures blame merkel for posing more draconian budget cuts in exchange for aid but if the media give us the full story and could we see this type of economic meltdown happening in the u.s. tell me break it down and more i'm joined by a beautiful lauren lyster from a couple of come right here in our to no one i want to. come on your show any time . i think i mean clued in i don't really understand the complexities of what's happening in greece and the media is kind of painting is all about austerity what is really having more of a deeper light on the complexities that are happening there absolutely so greece is in a depression it's got economy has been contracting for five years it has a complex set of problems that some stemmed from the eurozone an

that's going to make some big waves in the telecom and wireless. the flip side, if you will to the woes or the troubles that the exporters are experiencing with the strong yen. a little bit of a positive spin there because of the strong yen. we'll definitely be following a lot of shares within that sector. >> kathrwe saw some moves regar spain. >> that's been a major issue. let's have a look at the currency levels. we can see how we're doing so far in tokyo stock trading. look at the euro yen. 101 now. 101.37. euro did get a bounce. it will take some pressure off the spanish government. we continue with imf and world bank meetings here in tokyo. for now the nikkei and the topix in the positive for this friday. back to you. >> always great to hear from you. >>> hello i'mmadison. bankers and leaders from more than 180 countries gather here in tokyo now. we'll speak to some of the world's leading financial minds this week on newsline. people around the world are congratulating the nobel winner in literature. he got the news while eating a meal and was

now onto economic news if you haven't heard of the chinese telecom giant why walk away yet then you probably will very soon as reported sunday night on sixty minutes the chinese multinational corporation while weight is the largest manufacturer of telecommunications equipment the world and is making a bid to build the next generation of telecom infrastructure in the united states but a house intelligence committee report released today questions weighs motivations and ties to the chinese military report reads china has the means opportunity and motive to use telecommunications companies for malicious purposes the republican chairman of the house intelligence committee mike rogers told sixty minutes walk away if i were an american company today and you were looking at way i would find another vendor. if you care about your intellectual property if you care about your consumers' privacy and you care about the national security the united states of america unfortunately this really has nothing to do with china it's about our insane policies because of years of so-called free trade policies ther

you have to remember, now the second-largest telecom equipment provider. it did not exist 25 years ago. it was started by a former colonel. gerri: we give up on the marketplace. american manufacturers walked away. you cannot buy all of these goods and services just for american companies. >> they took the technology, and that is why they were able to do that. also, they get the backing of the chinese government which is why they grew from nothing to second-largest company in 25 years. it was done by this former chinese colonel. how did that happen? rri: that is a big question. the ceo of the company, mr. remand the of former military, no experience in this industry raising more questions than it is answering. gerri: why would we put ourselves at that level of vulnerability? we are alrey so vulnerable to china. hillary clinton even says, you don't pick a fight with your banker. if three of them so much money why would we aso make ourselves vulnerable? our entire critical infrastructure. gerri: china is buying goods and services and jobs and land. coal mines

be facing his toughest challenge ever from a young democrat aiming to liberalize a country while the telecom. up next all the way sports news with richard. hello welcome to sports and a great to have you with us as always with the headlines. the russian all classico plight is strange and it's a mild sponsor and sanskrit holmes to thank. to tell somebody a shop i use is paul smalley. on the wings of world number one that i was riding her. hands of my heart i held his new club. all three of these. scum. ball one of the biggest games of the russian premier league and will get underway at little later today response imo skoda locking horns with fierce rivals luzhniki stadium. well on sunday the spotlight will of course be taken since coney emery's side have been very inconsistent this season one the last two games in delhi where they'll be looking to get back to winning ways after disappointing three two loss to celtic in the champions league in midweek but it's a make return to the starting line up is you not to mention since we end of august with before injury i mean we all say it's come mosco

before he got the democratic nomination he boded for retro acting immunity criminal immunity for the telecom companies the participated in the illegal surveillance program all right shows such utter disregard for the rule of law we need to demand more of our leaders who are. very good camaraderie rogers our constitution birdsville one one senate sansa larry if our president i would have vetoed and day. by day we all would accept the governor well because larry this is like shamelessly pitching oneself to vote for me so i'm going to try and take advantage of shamelessly pitching myself here. i would have vetoed the national defense authorization act allowing for you and i as u.s. citizens to be arrested and detained without being charged i think what's really significant is last year last december the a.c.l.u. came out with. the report card on all of the presidential candidates and i apologize to the three others on stage that warrants in this report card but they came out with a report card on all the presidential candidates a.c.l.u. a.c.l.u. a group dedicated to civil liberties a group dedi

the telecoms have that connection. they have rich data on us. ave to have the connection and own the consumer to be able to run those applications. yes, they are, absolutely the people that are going to be making money off of mobility. >> so who is really poised to understand mobility and really capitalize it best in your opinion? let's talk subsectors of technology and even company, james. what's your take? >> yeah, so we've entereds era where every device can be connected to the internet and to other devices and things like that. it's companies like at&t and verizon that really understand mobility. they understand the customer. they understand the technology. they understand the plumbing to make all of this stuff work. they work with the hand set manufacturers and device manufacturers to make sure everything works correctly. now they're taking a page from the internet guys and they're bringing in new innovative things. a at&t has their founder in plano, texas. it's run by application guys. they're bringing in these new apps and things like that

also still 20 come, how legitimate are security worries over the telecom womequipment maker. >>> congressional report has called on u.s. firms to stop doing business with zte and wow way. the report was centered on allegations that the two countries are under beijing control and pose threats to national security. >> enterprise law requires a kfc china or walmart china or a wow way to allow for the existence for a communist party committee within the organization. like the other companies, they allow for that existence. the communist party committee doesn't have any interaction with or influence on our business operation. >> both companies continue to insist their equipment is safe and poses no threat to u.s. tell wh telecom structures. joining us is director of global risk analysis for asia pacific. dean, are these concerns the u.s. is raising valid? >> well, i think some of them are. if you looked at the report, there were a number of issues that were raised. ip loss, protection of intellectual property, trading with sanction country including iran, business practices. but really the one unde

it would help if they also supplied the telecom equipment. like those to big companies are in the business of the selling trojan because it makes the work so much easier to when we come back to this issue over and over and now the espionage edge issue you understand why doesn't that put to u.s. companies at the start disadvantage because of the idea of trust? >> it is difficult. chinese companies in china could be subject of retaliation. that is there first instinct. china is even more dependent on the u.s.. 2011 merchandise trade surplus was 195% that gives us an enormous leverage. it is not in their interest to retaliate -- retaliate but it is there first instinct 211 of the biggest risk is the european sovereign debt crisis. the lesser talked about risk is the economic slowdown of china. so that is a trouble spot. how does this unfold? >> the problem is although they and a stand growth is slowing they don't uuderstand the extent. that will rock the global market because we don't understand the full extent. they said 7.8% growth i think it

enablers because when obama was in the senate i mean he you know just as one example he voted for the telecom immunity bill which essentially is a retroactive i mean is a shit of any of these major telecom companies for illegally spying on american citizens so that means that if you find out right now if you or i find out that we were spied on during you know the n.s.a. policy under bush then we will not have any ability to sue because of the policies that obama helped and the senate passed which gives implemented but yeah i mean the democrats in the senate and in congress were fully knowledgeable about these so-called enhanced interrogation techniques which is just another spin rebranding on the word torture in the oil scene memos that obama actually put out when he first got into office clearly lay out the blatant law breaking that was taking place i mean there's even a section in there which talks about putting insects inside of a box we're you know it terrorist suspect is inside of a closed box completely pitch black and we're writing down in this memo that we can put insects in the box a

the necessity to get that kind of equipment in there to restore the grid, the water system, for the telecom it is something we are still struggling with and we are working with on a daily basis. >> thank you, mr. brig. >> every exercise i've been involved with, managing information and communication is easily no. 1 or 2 on the list. in the heat of an event, information is flowing in, there's usually no shortage of information rtion it's translating that to something credible that is the challenge. usually 50 percent of that information is wrong and untimely. before a unified command is established and you have various city departments or regional groups that are working together before the unified command has been established, coordinating field work in 4 counties is usually awkward. until that central message gets pushed down and all the groups are rowing together, the field, when you are dealing with the geegraphy we are dealing with in the bay area, that field coordination is always difficult in the first few hours. >> thank you. mr. angelus. >> verizon wireless, every time we get involv

telecom companies in manufacturers our nation will likely have to rely on foreign telecoms like china's y.y. to build the next generation of telecom infrastructure in the united states that's how bad things have gotten for american industries. every single second in america over four thousand dollars worth of our industry is sold off to foreign investors by the time we had our first break tonight over three million dollars worth of american own industries will have been sold off to wealthy foreign interests when ronald reagan came into the white house we owned more foreign companies than any other country in the world and now it's the reverse why because of reaganomics and insane so-called free trade policies free trade policies that today are allowing us to be eaten alive by foreign transnationals free trade policies the left our nation with as much as an eight hundred billion dollar annual trade deficit think about that every single year we had other nations eight hundred billion us dollars in exchange for things we could just as easily have made right here and since they are u.s. dollars that we're gi

talking about the telecoms, honeywell, am i right, do you think the economy is on the verge of doing better than it has been? which is minimal at best. >> sort of try to capitalize on the growth in the worldwide air-traffic but comcast has seen an improvement in the market, the cord cutting phenomenon people were so worried about with the cable business has not happened when the mother's good growth in wireless. the iphone will hurt the market in the next couple of quarters, but also get a nice price increasing driving revenues in 2013 and 2014. it ithis mostly a defensive plad the company is a little bit better way to play worldwide air-traffic growth. david: thank you, gentlemen. sandra: jpmorgan and wells fargo kicking off earnings. who will come out on top this quarter? former cfo tells us which names you should buy ahead of the results. david: the price of oil is up almost 19% since june. what stocks will gush higher if they do? joining us. sandra: a new study shows your heating bill is set to spike this winter. but how much, we have that story ahead. [ male announcer ] at if yo

where they want to take the company, expand into the telecom sector. and this will allow them to get a foot hold into the u.s. market which they currently don't have a presence in and the inner -- with their massive capital expenditure going forward. >> do you think they're going to start lowering prices or do you think they'll keep prices where they are because they like the cash generation from it? >> as far as bill porter is concerned from softbank's perspective, this will make them the third largest wireless carrier over in the u.s. behind verizon and at&t. and so i think eventually once we deal with the forward capital expenditure that they'll have to invest in going forward, i think we can all talk about, well, is this going to also impact prices in the u.s. but first they'll expand their network before talking about is it going to lower prices. >> and i wonder if this is the stance of a new japanese wave of m&a in america. the strong yen will help on pricing. a lot of cash sitting on japanese balance sheets. the bank is clearly in a position to h

the s and p got finis gains but snapping a four game losing streak. energy and financial baton performing sector was telecom and consumer discretionary had trouble and struggles and corn prices surging. official u.s. forecast usda report for the harvest and the usda forecast dropped 13% compared to a year ago. that was bullish for prices. weekly jobless claims fell 30,000 to seasonally adjusted 339,000. the report is questionable. may not be as positive as the sharp drop in the case. numbers raise questions after investors call that a statistical fluke. labor department saying no state is to blame for the decline but questions whether california's numbers were weighing in on this remain. dave: all the details are yet to come. larry is in the pitssof the cme. peter will tell us why. tied for the u.s. to avoid a recession giving certain circumstances and scott fries says to avoid technology. we talked about that because of apple. let's start with wary at the cme. a couple down days. looks like a clear direction and today no clear direction at all. what is going on? >> million reasons the market went down mond

it is the premier trade association representing service providers and suppliers for the telecom industry. next is david diggs, vice president of wireless internet development for ctia. that is the wireless association. he represents the wireless communications industry. our third panelist is brad hermann, founder and president of call-em-all. that is a company that offers automated dialing services. we have somebody who is actually responsible for placing some robocalls. he will talk about how some are legitimate, and hopefully his company is not making any of the illegal ones. without further ado, i represent our panelists. -- at present our panelists. >> thank you for that introduction. thank you everybody for being here today. i will just open up -- there we go. i will just open up with a few points. i am kevin rupy. i want to thank the ftc for having this important panel today. we are thrilled to be a part of it. we completely understand consumer frustration and concern on this issue. our members are fully aware of it and they are sympathetic to it. similarly, as much as this is an i

the supreme court has rejected a challenge to a 2008 law granting immunity to telecom companies that aided the bush administration's warrantless domestic spy program. groups including the electronic frontier foundation and the american civil liberties union had brought the case, consolidating 33 different lawsuits against the company's after a lower court ruled that the firms are protected by congressionally mandated retroactive immunity. in appeals court upheld the case's dismissal last year. on tuesday, the supreme court declined to hear it without comment. the ruling could mark the end of legal attempts to hold the telecom firms accountable for the spying. in a statement, the electronic frontier foundation said -- the justice department as filed a lawsuit accusing the banking giant wells fargo of making reckless mortgage loans that ultimately cost the federal government hundreds of millions of dollars in insurance claims. wells fargo is alleged to abuse the federal housing ministration program by recklessly handing out loans and forcing the government to foot the bill when borrower

it will affect trade around banks and for the first time, the telecome sector. they say it is for peaceful purposes. >>> presidential nominee mitt romney will have the second debate and we are looking live right there. this is a debate stage in new york. it is dark but you can get an idea of that town hall settings. we will tell you why they both have tomorrow night about that debate. >>> yes, we just have to rely on a computerized map system. you can see highway 4 and you can see quite a bit and if you look at the top of your screen you can see the pittsburgh area coming in through bay point. from antioch to pittsburgh it is slow and no problems heading south. bay bridge toll plaza, that traffic is backing up and metering lights go on 6:15 so a few minutes from now and we already have a backup getting into san francisco. if you are driving between hayward and fremont, traffic is moderate. already about 15 minute delays at san francisco airport but oakland is not reporting any delays for the time-being. >>> first of all, if you are heading to game 2, it looks to

. >> if you look at 1997 after the telecom assignment, companies like hawks made huge strides forwardwe move into the digital world and digital video and broadband and residential digital telephone and our own commercial business division and we are on the era of a major push forward which is the ipe iraq and talking about things like the device in front of me, bringing products and services to the tablet and our customers come. you can download an apps on your tablet can watch 40 channels of video seen anywhere to your device, that will be 90 channels by the end of the year. is a local broadcast -- a fun time to be in this business. liz: instead of just here is your cable and here's what we do for you what you letting out the spotted that? you look at that d v our behavior, more people are dd areing shows, numbers are jumping exponentially, usage up 32% in the first two weeks. it is tv when i want it, not when abc or nbc or fox wants you to have it. >> the whole industry is going that way. it is what i want when i wanted and where i wanted. research from our customers are telling us

this scene impacting materials an energy earnings the most in the third quarter with telecom profits falling back as well down about 14.9%. the biggest positive surprise so far this earnings season, a whopping 72% of financials have posted better than expected results with 37% of the financial sector having released their numbers. the beats by banks and other financials well above the average number for the s&p 500 members that have reported though, just over 60% beating forecasts, slightly less than the quarterly average in 1994. a larger than expected percentage missing at almost 26%. as far as the top line goes, revenue on a blended basis down .2%. actual revenue growth for those reporting so far, up a sca scant .8%. of course, next week being the busiest one for earnings, we're going to have a clear he picture on just how good or how bad the results are. >> mary, thank you very much. jim yourio has been with us all week. it's been a terrific week to have you with all the cross currents that we see. as you look at the marketplace right now, what are you watching? what do you see? >

that's up 43% from the year before. telecom expert john mayo says demand for data grew by more than 300% last year. he says smartphones use around 40 times the spectrum of traditional cell phones. tablets use around 120 times the traditional amount. but space on the airwaves is limited and right now it's getting more and more crowded. >> rather than thinking of this as us running out of spectrum, the better way to think about this is that the demands for spectrum, the demands for more spectrum, will make it more and more scarce, and unfortunately, if it continues to get more and more scarce, it will put upward pressure on the pricing of wireless services. >> reporter: the federal government has introduced initiatives that would ease congestion in cyberspace. president obama wants to shift a large amount of spectrum from places like the federal government or traditional broadcast outlets, to the private market. but so far, the plan largely hasn't been put to action. >> as long as there's not new spectrum coming onto the market f

he voted for retroactive immunity for the telecom companies to participated in the illegal surveillance program. that shows the utter disregard to the rule of law. we need to demand more of our leaders. [applause] >> virgil good. >> if i were president, i would have vetoed ndaa. [applause] simple? governor terry >> because, larry, this is pitching oneself to vote for me. so i will try to take advantage of shamelessly pitching myself here. i would veto the act allowing for you and i as u.s. citizens to be arrested and detained without a charge. what is really significant, last december, the aclu can now with the report card on all the presidential candidates. i apologize for the three others on states that were not in this report card. aclu, take your dedicated to civil liberties and the constitution. a group dedicated to the first 10 amendments of the constitution. this is really important. 24 liberty torches' with the convicts corporate mitt romney and rick santorum had zero the report is out of 24. newt gingrich had four liberty toure just out of 24. barack obama had 16 liberty torch'

alone and the remains among the top suppliers of telecom gear and mobile phones tim carr a senior director of strategy for free press says the rao could backfire on the united states. it's interesting to note that most computer equipment most telecommunications could mint is in fact made in china increasingly china is a player in the technology space and their ability to create cheap manufactured products should pose a threat to business interests overseas business not so much a national security threat politics definitely comes into play here seen in both the romney and obama campaign an effort to get tough against china this could very well be an outgrowth of that but also of concern is the idea of the marketplace for cyber security with their estimates that i've seen it but this in multibillion dollar business so it's in the interest of lot of these companies that provide cyber security services to inflate the fear it helps businesses that sell cyber security systems that sell systems that will allow us to protect against these alleged attacks it helps them make money so potential for t

in 1996 the telecom act reinforced that by even advanced services that everybody in the united states deserve access to these events services regardless of your urban or rural, in 1934 the path was daunting when you look at our vast areas. they had a commitment to be able to do it and today the public commitment has to be comparable. maybe the stakes are even higher in the sense that broadband has the ability to pull people together more than the interstate system did. the solution is relatively simple. we need to change our public policy from focusing on a voice to focusing on broadband and move support from voice to broadband accordingly and levels of support have to be comparable because there is no way that world consumer can afford the cost of that wine. there has to the support mechanism in place just like in the past so if we move to broadband which clearly is the communication of the future with comparable levels of support, we would be able to see broadband deployed in these rural areas. the opposite is happening. given the fact that support is tied to voice we're seeing a de

call now. >> two of the world's biggest telecom companies will pose a threat to u.s. tional security because of their ties with the chinese government. the companies, they've been trying to expand operations here in the united states, but this report suggests that using chinese equipment could make us vulnerable to cyber attack and even open up telecommunications to military and commercial spying. our foreign affairs correspondent jill dougherty is at the state department, and talk about the two companies we're focussing on. the other waway and zte. what do they fear? >> what they're saying -- i mean, the intelligence community has been looking into these companies for a year. what they are saying essentially is that, albeit these companies are huge. waway, $30 billion company. it is around the world. it has at least 120,000 employees. 1 1,500 of them in the united states. if i lot them provide telecome equipment in the united states that they will allow somehow access to the chinese government, to carry out intelligence spying, commercial spying, and it shouldn't be a

all the public utility companies, pg and e, at&t, the new telecoms. thermal, nrg which handle the under ground steam pipes they have a franchised right to have facilities in the public right-of-way for free. they pay for community permits which are cheap but with regard to having their utilities run under the pavement in the past have these boxes in the right-of-way. but ever since then we developed we are in the process of developing a new policy with regards to surface mounted facilities. because with the new technology nowadays we are getting everybody from comcast to at&t to pg & e to any other utility company you can think of requesting not to put anything this big but it come attaching boxes to poles. we have the sidewalks are crowded enough as it is. >> in fact, there is a citiless policy in the planning, general plan of the city that says keep stuff off the sidewalks so people can use sidewalks much the more we put stuff on the sidewalks the more we have to consider is this keep nothing the city's general plan. its a big issue. here is an old o