following the calls of concern from congress and public alike, the federal trade commission confirmed in march that the agency was investigating the privacy practices of facebook and the company's compliance with the consent order issued by the ftc in july of 2012 to resolve allegations that the firm violated ftc act, which prohibits deceptive and unfair practices affecting commerce. there have since been additional consumer protection concerns flagged against facebook, including reports that over the last decade, facebook established partnerships called application programming interfaces. with approximately 60 mobile device manufacturers in an effort to provide private data channels for those manufacturers. while facebook has since provided some clarity on the purpose of these partnerships, outstanding questions remain regarding the role of chinese telecommunication manufacturers. this hearing follows a joint hearing between the full senate commerce committee and the senate judiciary committee in which we heard from ceo and chairman of facebook mark zuckerberg. the company's data col

we'll hear from the chief technologist and the federal trade commission and the technology researcher who developed the app that allowed the british firm to collect personal data on 80 million users. this hearing is one hour and 45 minutes. [inaudible conversations] >> good afternoon. i apologize for our tardiness -- [inaudible] welcome to the consumer protection, product safety, insurance, and data security subcommittee's hearing on "cambridge analytica and other facebook partners: examining data privacy risks." earlier this year, reports surfaced regarding a personalitu test application called "this is your digital life" founded in 2014 that was hosted on facebook and downloaded by approximately 300,000 facebook users who30 consented to the collection of data from their profiles. however, facebook rules for third party applications at that time allowed users to consent on behalf of their facebook friends for their profile information to be collected too. this arrangement allowed this application to collect data from tens of millions of facebook users by gaining the affirmative conse

on a personal note, i want to thank the most immediate former chair of the federal trade commission, as well as her staff, as well as the new commission that just got confirmed recently for their continued support and partnership. we're committed to including in the agreement those procedural commitments that reflect fundamental due process. we're also committed to bridging the differences between civil and common law country, between administrative and prosecutorial approaches, and between young and old agencies in small and large markets. the goal is to identify procedural norms that are universal. what we have proposed are norms that are accepted across the globe, and indeed, almost every agency already has recognized in some form or another, to drive these principles, we compared the text of competition chapters in major trade agreements. and recommendation touching on procedural issues. we examinedhe practices of competition authorities aroun the world, as a result of this fort, we intifd approximately a dozen core values. the msp includes nondiscrimination, transparency, timely

of all of them true caller reports $9 billion was lost in phone scams last year the federal trade commission saying more than 7 million complaints were filed with the national do-not-call registry. scammers are spoofing phone numbers to make them look familiar to consumers on the other end. so wn you'n yo cell phone you think you know who is calling you. this is happening in half of the phone scams today using digit spoofing >> i have found myself in the position of every time i answer the phone, i'm nasty hello? they say is rebecca? who is this! >> i have done you reached the

on a personal note, i want to thank the most immediate former chair of the federal trade commission, more rain, and her staff, and the new commission that was recently confirmed -- maureen and her staff in the new commission that was recently confirmed. we are committed to fundamental due process and to bridging the differences between civil and common law countries between administrative and prosecutor all -- prosecuting the process -- prosecuting approaches. the goal is to have procedural norms that are universal. we propose norms that are accepted across the globe and almost every agency already has recognize them in some form or another. to drive these principles we compared the text of competition chapters in major trade agreements. in every international competition network guideline and recommendation touches on procedural issues. we have also examined the practices of authorities in competition around the world. as a result, we have identified approximately one dozen core values. the mfb includes important due process commitments regarding nondiscrimination, transparency , tim

i am concerned that the federal agencies with a roll here, the federal trade commission, or the federal election commission, or both, are not doing enough to protect our privacy and our democracy. during the april facebook hearing with mark zuckerberg, i asked him to commit to advocate for the honest ads act. he assured me that the most effective thing that he could do was implement the bills policy on the facebook platform, and since facebook implemented their version of political advertising transparency, we have seen that it doesn't work for election. the new york times reported that ads promoting news articles about politics were being categorized as political advertisement. what impact will this change have on the reach of political journalism for the 2018 election? >> i think the fair answered your question senator is we don't know. with much of this technology, it is true that the executive product managers behind it don't spend a lot of time thinking about scenarios they don't want to happen. they spend most of the time thinking about what they wish to happen. in the case of a t

we have a robust transparency rule and empowered the federal trade commission to take targeted actionere put in place to prevent internet providers from blocking, speeding up, or slowing down access. the idea was that a company could say like at&t i have to deal with netflix so i'm going to slow down hulu. could that do that now that you have repealed this law? >> two different points, when these regulations were imposed we didn't see targeted actions like that against internet traffic. secondly going forward we empowered the federal trade commission to take action against any company including those in that situation that you mentioned that might act in any competitive way and we preserve the incentives for companies to build out better faster, cheaper. >> comcast did what the critics worried about and at&t did it as well. so in the past exactly what critics say might happen was happening so that's not the case what you said. >> in the first instance, for example that situation was resolved without net neutrality regulations. that was before the regulations were in place and the fede

securities and exchange commission and the commodity futures trading commission both nominated by president trump to jobs and confirmed by the united states senate last year have been facing some challenges how are they doing public citizens partly nailers will they get it and conservative t.v. and radio host steve balls are helpless or out in the global investor confidence which has dropped like a stone this year all that ahead but first we get a few at. the shanghai stock market has entered bear territory the shanghai composite index is now at a two year low having fallen by one point five percent in wednesday's trading at more than twenty percent since a high in january markets across asia also fell the gravitational pull from the shanghai exchanges fall with the hang seng down the percent the shans and composite index also fell by one point eight percent as did exchanges in australia and south korea the bearish turn in asian markets has erased an estimated one point six trillion dollars in value on paper at least according to the south china morning post telecoms have been particularly

a former chief technologist at the trade commission. minutes. 1:45 subcommittee our hearing on cambridge analytic a and other facebook partners, examining data privacy risk. life,s your digital hundred and 2014, posted on his book and downloaded by approximately 300,000 facebook thes consented to collection of data from their profiles. however, facebook rules for third-party applications at that time allowed users to consent on the fact -- on behalf of their facebook friends for their information be collected also. this arrangement allowed this application to collect data from tens of millions of users by getting an affirmative sent -- affirmative consent by only 3000 users. they also shared this with a data analytics called cambridge analytic up which worked with lyrical campaigns on targeting advertising. it alleged that other applications participated in similar collection practices but facebook change their terms of service to prohibit this practice in 2015. facebook sought assurances from cambridge analytic a and developers of appl

i am concerned that the federal agencies with a role here, the federal trade commission or the federal election commission or both are not doing enough to protect our privacy and democracy. during the april facebook hearing with mr. zuckerberg, i asked him to commit to the honest ads act. he assured me that the most effective thing he could do was implement the bills policy on the facebook platform since facebook and permitted his version of political advertising transparency, we have seen that the break things and move fast culture does not work for elections. the new york times said that news articles about politics were being categorized as political advertising. what impact will this change have on the reach of political journalism for the 2018 elections? >> we don't know. with much of this technology, it is true that the executives and product -- project managers behind them don't think about scenarios they don't want to happen. they think about what they want to wish to affect. in the case of facebook, that has nothing to do with the impact on society the end engagement with the

i know this is a task for the federal trade commission, where i used to work. they do want to have a firm sense of the denominator. the market is changing quickly. digital advertising is a good example. wentevenue growth and 2017 to two companies, google and facebook. what does that mean? the ftc andthing the doj are going to be interested in going forward. >> is that a case for allowing different kinds of vertical combinations to create a new competition? or the advertising powerhouses? >> i cannot express an opinion. there could be pending transactions. we evaluate it on a case-by-case basis. we do not start with a promise which is vertical internation is good or bad. we view the facts of the transaction and determine whether the consummation of that would be in the public interest. we start from the ground up. >> we talked about the broadband networks that are in the ground. let's talk about wireless. you have made it a priority to make sure you are freeing up spectrum. over the next couple of years to fuel 5g. thatabout the pipeline you're trying to put in

they suggest some sort of error in the implication and -- jobs served as a federal trade commission or as a republican commissioner. have indicated, and i want to more discussion on this, that this discussion is not necessarily sweeping or precedent-setting and either way. i have some mixed feelings about that conclusion to be honest. narrow in the sense that it is a analysis ofific whether this particular merger violates the act. sense, there has been much discussion, and i think some of the popular press headlines along the lines of, does this loss mean that the doj shuts it down? does this mean that we never challenge vertical mergers ever again? i think that is an overreaction. provend of the doj has and said at the division, he is to take on fights that he believes in. if they got a vertical merger tomorrow and concluded that the law and evidence implies a violation of antitrust laws, we look at it with a professional staff and they would it again. i do not think that a loss in this case, presuming that the loss survives appeal, really means much of anything moving forward. someth

. >> i have served on the federal trade commission for years and voted out hundreds of challenges and consents. it is not infrequent that the economic analysis, and the business documents point in different directions. those are not good cases. the cases you want to bring are those where the customer testimony and business documents and economic analysis point in the same direction. not all cases are perfect. what you see in the opinion is it is clear that the economic evidence was not particularly strong. he spends a lots of time refuting the input. i'm grateful for the analysis. we often see judges reject or accept the analysis without much discussion of why. you just see the adoption of one side or another. here he rejected some of the conclusions and pointed out specifically that the best application of the bargaining model within the leverage theory was an increase of something like 27% subscriber. it was a careful, very thorough more thorough than we normally see in terms of the level of detail and discussion of the analysis. one point where we agree is this case is about the ap

this is a task for the federal trade commission and the department of justice. they want to have a firm sense of what the denominators are. the marketplace is changing quickly. of the revenue growth in 2017 from digital advertising the two companies. what does that mean for the overall internet economy? that's something, edition authorities will be interested in going forward. kim hart: is that almost a case for allowing different kinds of vertical combinations to create a new form of competition? ajit pai: i can't express an opinion that because there could be,, there are, could be pending transactions. i will say we die with on a -- i will say we evaluate it on a case-by-case basis. we don't start with the premise which is it's good or bad and then work backward from that to express an opinion about a transaction. we do the particular transaction determined as best we can weather that transaction would be in the public's interest. start from the ground up i guess. kim hart: we talked about the broadband networks that are in the ground. let's talk about wireles

. >> i served on the federal trade commission for a number of years and voted out consents. and it's not that the economic analysis in different directions. those are not good cases. >> the cases at the agency are ones where the customer testimony, the business documents in the economic analysis point in the same direction. not all cases are perfect, but i think what you see in judge leon's opinion is that it is clear the evidence, the economic evidence is not particularly strong. it does spend a lot of time refuting the input. i'm grateful for that analysis. oftentimes we see judges in merger cases reject or accept the analysis without much discussion of why. you just see the wholesale adoption of one side or another. rejecting some of the evidence of the input. the reject did some of the conclusions. he pointed out specifically that the best application of this bargaining theory and the bargaining model within the leverage theory was an increase of something like 27 cents per subscriber, but not statistically significant. it was very thorough. i do think more care than we

josh wright served as a federal trade commission or as a republican commissioner. you both indicated, and i want more discussion on this, that this decision is not necessarily sweeping or precedent-setting in either way. joshua: i have some mixed feelings about that conclusion, to be honest with you. narrow in a sense that it is a very fact specific -- because ant merger cases are -- analysis of whether this particular merger violates the clayton act. narrow in one sense. there has been much discussion in some of the popular press headlines along the lines of, does this loss mean that the doj shuts it down? does this mean we never challenge vertical mergers again? overreaction.s an the head of the doj has proven and said at the division that he is willing to take on fights where he believes in them. if they got a vertical merger tomorrow and concluded that the law and evidence implied a violation of antitrust laws, they would look at it with a professional staff and they would bring it again. i do not think that a loss in this case, presuming that the law survives

commission. in brussels in just a bit but first a look at what many fear is the start of a trade war. european leaders responded to the reality of new tariffs with frustration and even exhaustion still we're angry concerned outraged because we've been in talks with the americans for months now they don't listen and they think they can belittle us but that's not possible. and the europeans are allies and that's not how allies treat each other. this finish. behind the frustrations or concerns over industry a glut of metal with nowhere to go means falling prices which could in turn threaten european jobs that would have broader consequences to the economies of european member states. the e.u. says it has no choice but to retaliate with proportional penalties on u.s. products like motorcycles jeans and whiskey a threat brushed off by u.s. commerce secretary wilbur ross even though. those retaliate and even of the mother's new bill will remain unlikely to be as much as one concern on our count him canada and mexico are planning their own retaliatory tariffs on products as diverse as yogurt

while the use trade commission says he has also been outlining the blocks response is some more of what he said. so here we are we have tariffs they were also in post this morning on canada and on mexico we have been very clear about the consequences of doing this the european union will today sent. a request for consultations and later pandev to the w two other countries will as well maybe not today but in the coming days we have started the preparation for the so-called rebalancing measures and we will do that on a proportionate and measured way. let's bring in our financial correspondent corner a boost from the frankfurt stock exchange commerce one of the markets play this so cool so far. you know how many people on the markets are quite hopeful that eventually some solution will be found that the rhetoric here in on both sides of the atlantic is louder and more aggressive than the solutions that will eventually be found and also i have to say in terms of the steel makers their earnings are not yet in jeopardy. because the anticipation of the import tariffs in the united states has d

the federal trade commission has the expertise and they enforce activities broadly in the pharmaceutical industry and the types of practices and mergers that occur in that. so that will continue and continues. they have been quite aggressive in that, but also in the compn advocacy, and advising the fta and others on certain rules that might have anticompetitive effects. even a little bit, i think, more broadly on that, it might touch on areas ofleual property law that we've been quite active in advancing the right policies to make sure that the incentives are therefore research and investment into life-saving drugs, but also make sure that the incentives are not there to violate the antitrust laws to raise prices to consumers. so hopefully that answers your question. but our framework for competition does not changed based on the industry we operate in. >> makan, thanks very muc for this important initiative ever shown leadership, u.s. leadership in this area. you mti in compliance sort of soft compliance byetition which is probably a really good idea. let me see y can come one step beyo

president retorting that holly davidson was just using the terrorists as an excuse meanwhile if you trade commission us to celia miles from giving her two cents telling trump the move by holly goes to show there are consequences for not respecting global trade rules. the harley davidson an iconic american brand and now a symbol of u.s. president donald trump's protectionist trade policy. decision to impose tariffs on the motorcycles came after washington introduced levies on steel and aluminum imports. but instead of stepping on the america first bandwagon harley davidson responded by saying it would shift some production overseas. unsurprisingly that didn't go down too well with the protectionist president. fiery tweeze he wrote harley must know that they won't be able to sell back into the united states without paying a big tax trump also claims that harley davidson has decided to move jobs from kansas city abroad before the e.u. introduced. the motorcycle maker denies this is the case. among those criticizing trump's trade dispute with the european union is the governor of wisconsin where harley

international trade commission. furthermore this is allowed by the world trade organization but largely the argument that this import of steel is a threat to the u.s. national security is not justified a matter of fact in matters the defense secretary in the trumpet ministrations said that the us military only needs about three percent of u.s. steel production so this is not a threat to the u.s. national security. is very very briefly if you can is it wise for the e.u. to retaliate. i don't think it's very wise it's very wise for the e.u. to stay within conformity of the world trade organization which is a very good platform for trade disputes and trade negotiations. but what the e.u. should do above all is finally realize why so many american voters supported mr trump we have large parts of the us where people are suffering where the economic development is not very positive and we should get down to brass tacks work with the trumpet ministration on the underlying causes of these problems don't use international tra

subcommittee, i am honored to appear before you today for the first time as chairman of the federal trade commission and also honored that i get to do it with chairman pai. thank you for the opportunity to testify about the commission's fiscal year 2019 appropriations request and its work to protect consumers and promote competition. in fiscal year year 2018, the b is $306.3 million. with 1140 ftes. for fiscal your 2019, the ftc is requesting $309.7 million and the same 1140 ftes. the ftc is a highly productive and effective independent agency, and it uses its funds efficiently and effectively. the commission has a broad dual mission. to protect consumers and to maintain competition. and this is a historic time at the ftc. four commissioners have joined the agency in the past two weeks, including myself. we look forward to continuing the agency's long standing tradition of bipartisanship, collegiality and cooperation. and we are proud of our track record. and we will continue to utilize our resources on behalf of u.s. consumers. in fiscal year 2017, we estimate the agency saved consumers over $3.7 b

blocks trade commission. on a visit to new zealand but it wasn't a holiday from tariff talk making clear the e.u. was not budging from its threat of countermeasures on american products the use tariffs come into effect on friday despite trade fears. it could escalate. to a full trade war which would be bad for the whole world because we are so new zealanders and we are so into linked in the global economies also in the chinese and in the u.s. and with the global value chains so it will affect us as well it will affect our companies it will affect our consumers come what may turkey is also striking back from the government is imposing tariffs on twenty different u.s. products. in from cold paper tobacco to cars and manufacturing goods hitting two hundred thirty million viewers of products turkey's economy minister saying those should balance out the costs of the trumpet ministrations talents. also on thursday india slap counter tariffs on from chemicals steel and other products the import duty on chick peas is

more on this we're joined by our correspondent teri schultz ate at brussels now terry of a new trade commission to see a bunch of them has said that when it comes to america first it will be met with europe united well it will block now be an agreement as to how to respond. so far it looks like it will be helena you know some of these measures were already teed up before today in the expectation that trump would follow through on these threats as we know the complaint has been lodged at the w t o already and the lists have already been drawn up of the u.s. products that will be targeted and all this left now is for member states to agree on which one of them's will be one of them which ones of them will be selected for the important duties and so there could be some differences of opinion and we've seen a reaction that ranges from very strong from france for example to a bit muted from germany but so far nobody is suggesting that these import duties should go unchallenged by the european union now perhaps one thing you in the united states can agree on is china and we understand that the e.u. i

the blocks trade commission is the syria months from says the european european union is ready to engage with the u.s. to solve the trade between the two western allies months from is currently visiting new zealand to begin talks on a free trade agreement that. not long ago it was the other way round but now it's europe that is urging the u.s. to open its markets instead of putting more levies on imported products from across the world that's why e.u. representatives like to see the amounts trimm are running allies to counter u.s. protectionism could escalate. to a full trade war which would be bad for the whole world because we are so as you zealanders and you we are so interlinked in the global economies also in the chinese and in the u.s. and with the global value chains so it will affect us as well it will affect our companies it will affect our consumers the e.u. is imposing its own tariffs on us products and they go into effect on friday they'll hit goods such as whiskey jeans and motorcycles and total u.s. goods worth two point eight billion euros will be affected there europe's r

this is a task for the federal trade commission and department justice antitrust division. they do also want to have a denominator, the marquis is changing very, very quickly and so few digital appetite is good example. what does it mean for the overall in the economy? that something competition authorities particularly ftc and the doj will be interested in going forward. >> is that almost a case for allowing different kinds of combinations to create a new form of competition for the advertising powerhouses like google facebook you just mentioned? >> i can't express an opinion that because there could be,, there are, could be pending transactions. i will say we die with on a case-by-case basis. we don't start with the premise which is it's good or bad and then work backward from that to express an opinion about a transaction. we do the particular transaction determined as best we can weather that transaction would be in the public's interest. start from the ground up i guess. >> we talked about the broadband networks that are in the cramps or speak. let's talk about wireles

s of brussels bureau chief max welcome knocks so in your trade commission as the scene in a talk about not just taking the united states to the w t o but also china why. that's a message actually two fold message to the united states and the first part of that message is we hear you we know there is a problem with the steel and the aluminum that we are getting in europe and also in the united states and you know who is at the origin of the problem and that's china so that's the first part of the message and the second part is but we do believe that we have the multilateral instruments to deal with that problem and that's why we're taking it to the world trade organization ok so the w t o this is the multilateral instrument if the e.u. plays by those rules and takes the united states to the w.t. how long does that process take and how long before they can then impose its own sanctions against the u.s. . at the earliest we are going to have results by the twentieth of june and that only for one part of the measures that they announced today for the punitive measures so that list that we'

facebook c be facingerious issues with the federal trade commission over the partnerships.n place after an agreement that was reached with regulators to more tightly control access to user data. as a former chief technologist for the federal trade commission put it, it's like having door locks installed only to find out all his lock smith gave the this is a remkable >> joining us now, n york con fessoreical reporter,ick confessore. why does it matter they have access toacebook data? >> it matters in two if your d is going to the phone, it means your data could connect with other apps on the phone. th problem i why spreading the data through millions ofes around the world, through these partnerships and not through their own app, it puts your data at risk and creates vulnerability. this is not the app on your phone that says facebook. this is a streamf data from facebook central that goes to device makers and devices around the world. ook users ohese serve people devices. but it also putss data beyond the control of facebook. all right. facebook is banned in china. so this s

we'll be a cop on the beat the federal trade commission is expressly empowered and joe simons has saidake a look at competitive conduct in the economy and that's going forward with the way the consumer will be protected as cops on the beat. >> a controversial move when you said that isps, internet service providers, theira collection, data use ought to e belong with the fcc. at the same time, isps and all the information they have on us. since then facebook's cambridge analytica scandal. amazon came out with the fire tv cube which sits in between the consumer and the set-top box and will know by voice what you're watching you feel vindicated? >> look, regulators are looking at the android platform as well. all i will say is that it proves my basic point, federal trade commission is the right place to regulate privacy for consumers online you don't care if it's a network operator or content company that's holding your sensitive information. you want that information to be protected, regardless. the ftc is the only agency that can consistently protect you when you go online. >> can it, t

international trade commission furthermore this is allowed by the world trade organization but largely the argument that this import of steel is a threat to the u.s. national security is not justified matter of fact in matters of the defense secretary in the trumpet ministrations said that the us military only needs about three percent of u.s. steel production so this is not a threat to the u.s. national security. is very very briefly if you can is it wise for the e.u. to retaliate. i don't think it's very wise it's very wise for the e.u. to stay within conformity of the world trade organization which is a very good platform for trade disputes and trade negotiations. but what the e.u. should do above all is finally realize why so many american voters supported mr trump we have large parts of the us where people are suffering where the economic development is not very positive and we should get down to brass tacks work with the trumpet ministration on the underlying causes of these problems don't use international trade as a scapegoat but focus on education infrastructure and the like t

. >> we've empowered the federal trade commission to take action against any bad apple in the internet reporter: broadband companies have said they will continue to uphold net neutrality principles. critics are concerned that won't be the case. kenneth craig, cbs news, new york. >>> still to come, passenger safety. which midsize suvs came out on top in the latest crash tests. safety. people would stare. psoriasis does that. it was tough getting out there on stage. i wanted to be clear. i wanted it to last. so i kept on fighting. i found something that worked. and keeps on working. now? they see me. see me. see if cosentyx could make a difference for you- cosentyx is proven to help people with moderate to severe plaque psoriasis... ...find clear skin that can last. don't use if you're allergic to cosentyx. before starting cosentyx, you should be checked for tuberculosis. an increased risk of infections and lowered ability to fight them may occur. tell your doctor if you have an infection or symptoms. or if you have received a vaccine or plan to. if youinflamtory tell yr doctf sympms dev

trade commission is the cd among them says europe will not take washington's actions lying down the valley and to challenge the tariffs in the case the world trade organization and the u.s. government but it certainly didn't waste a moment in following through with its threats. they began this morning at six am central european time twenty five percent import tariffs on steel ten percent on aluminum the european reaction is clear. hours of it is unfortunate because this is further weakening the transatlantic relations and it also increases the risk of severe turbulence is in the markets globally protectionism can never be a solution and this will hurt jobs here in the european union but also in the u.s. the e.u. has launched an official complaint at the world trade organization. they want to introduce counter measures like tariffs on u.s. products for example bourbon whiskey motorcycles and jeans worth some two point eight billion euros e.u. member states are meeting next week to decide on the exact list many economists agree with the measure europe as a very big economy and a very importa

but none of us regulate anything. >> i'm hopeful the newly reconstituted federal trade commission underoe simons will rebuild it is regulatory infrastructure. it has a need. e consumer is on the wrong end of every single decision going on in business right now. whether it shows up in price, whether it shows upn invasions of privacy, whether it shows up in changes of what you are offered, whether it's manipulated behavior by messing with the human psychology because the systems have become so powerful -- we have 5g coming, you are going to have the enter northwest things. these people are going to have this stuff everywhere. they will be listening. they will beaging all of these emts elements in your environment and there is literally no one today looking at that. my hope is the ftc -- >> it puts meat on the the bonee remains abstract. now you have a perfect example of a company -- cam cost and nbc universal merged. we are the product of a merge. i am not anti-merger. but i am anti-there being no rules. there were rules on the comcast and nbc universal. if they weren't going to be great

joshua: i served on the federal trade commission for years. that the infrequent economic analysis, customer testimony and business document point in different directions. once you want to bring other ones where the customer testimony, business document and economic analysis point in the same direction. not all cases are perfect. i think what you see in judge leon's opinion is it is clear that the evidence was not particularly strong. he spends a lot of time refuting the input. i am grateful for that analysis. we often see judges in larger thes reject or accept orernment expert analysis the party expert analysis without much discussion about why. you just see the wholesale option. he rejected some of the evidence of the input. he rejected some of the conclusions. this typically specifically the increase of something -- specifically the increase of something. thoroughcareful, very -- more thorough than we actually -- usually see in terms of the level of detail in the discussion of the analysis area there was one point where we agree -- the analy

securities and exchange commission and the commodity futures trading commission both nominated by president trump to jobs and confirmed by the united states senate last year have been facing some challenges how are they doing public citizens bartlett nailers will take us through it and conservative t.v. and radio host steve ball very helpless sort out in global investor confidence which has dropped like a stone this year all that ahead but first we get a few at. the shanghai stock market has entered bear territory the shanghai composite index is now at a two year low having fallen by one point five percent.