warner: i don't. sen. rubio: what these platforms can do internally, but i think here is a societal responsibility. which is left is vulnerable to this. that is the increased segmentation of news consumption and more americans are getting their news or information through sources that tell you you are right. that is a growing isolation from one another. and from society at large. it has left us very vulnerable to news that may sound outside the realm of the possible for one group that may sound reasonable for someone who has been getting news consistent with it all along. i don't know what government can do about that. i think we as a society have an obligation to ask ourselves, just because it is on the internet, doesn't mean it is true. i think that is something we have to grow up when in the society. sen. warner: literarily, we have seen from platform companies, algorithms -- doesn't matter if you are on the left or right, you read one story in the has to be more outrageous and generate more clicks. we

or, was it with the players involved with at&t and more specifically, time warner? ed: the speculation was always that time warner was something that trump really did not like any did not want to see the merge go through. he said on the campaign trail, if he was elected, the deal would be blocked. it was always the speculation in the background, but this was the they thought that it presented an unfair competitive challenge and the environment. why are they going after it now? it is unclear. they lost the case and something impossible to lose.

the defendant of justice challenging the ruling on the at&t time warner deal. let's get straight to julia boorstin in sun valley, idaho, for the details. >> calle . >> the department of justice saying it will approve the acquisition of time warner and the appeal is likely, the appeal like the original suit to block the case is on antitrust grounds. we seconds ago got a response from time warner and i'm sorry, got a response from at&t and the court's decision could hardly -- and while the losing party and litigator has always the right to appeal. we are surprised that the doj has chosen to do so under these circumstances. we are ready to defend the court's decision at the d.c. court of appeals so it's just amazing to hear from at&t immediately on that, but this is definitely incredibly surprising because judge leon ruled so definitively just a month ago he did not require any conditions on at&t's acquisition of time warner and the companies have already moved forward with their integration. at&t's randall stevenson has previously said that they are confident tha

senator warner has served in the u.s. senate since 2008 and established himself as a leader on a great number of issues including this one. he's the vice chairman of the senate select committee on intelligence and a member of committees on finance, banking, urban affairs, budget and administration. we've had several phone calls and chats on this set of issues. and i thank you for your initiative that encouraged us to host today's interparliamentary discussion. i also have the pleasure of welcoming back senator wrub yoe, who was first elected to the u.s. senate in 2010. he serves on the committees of foreign intelligence. also serves on the committee's foreign relations, appropriations and ageing. prior to his election to the u.s. senate he served as speaker of the florida house of representatives from 2007 to 2009. leading today's chat is jill dougherty, who was a foreign affairs correspondent for cnn over three decades, including a decade as bureau chief in moscow, which i think is pertinent for today. she currently hang

between time warner and at&t. and it's the deadliest natural disasters since the 2011 tsunami.we find out how long it will take for japan to recover from the latest floods. good morning, asia. hello, world. it's friday, almost the weekend, glad you could join us for another action packed edition of asia business report, i'm rico hizon. it's a merger that could shake up the us media industry for yea rs shake up the us media industry for years to come. 0n talking about telecommunications giant at&t buying up telecommunications giant at&t buying up time warner for 80 billion us dollars, but the us government has decided to appeal this landmark court ruling. —— i'm talking. paul blake has been following this from new york. these are two of the biggest media companies and firms in the us. they just biggest media companies and firms in the us. theyjust got married last month as a result of a two—year legal battle that was widely seen as one of the biggest anti—trust cases in the united states. during the legal battle the government argued that tying up these two companies would essen

julie: breaking news, the justice department is appealing the time warner major -- time warner mergerm sun valley idaho is ed. was this expected? it seemed this was done. it is absolutely unexpected and a huge surprise. the justice department, were not only blocked in their pursuit of trying to stop at&t during a deal, but they are really smacked down by the judge who said they should never have thought them in the first place and said they would be -- you would be opposed to them doing a deal. i was trying to see if it was a may -- if there was a way the market could respond to this. there's going to be, if this happens and they are successful in the appeal, you would see this huge deal be unwound, which would be almost without precedent. scarlet: what level of uncertainty does this add to other deals in the media space? does it make people rethink comcast, fox's assets. as you mentioned, this deal closed and we wouldn't even begin to figure out how to unwind it if they won the government favor and he goes through. ed: the complexities are unwinding. when you think about all the shar

additions like warner brothers abu dhabi will compound that attraction >> those were the chairmans ofer brothers, and the big question going forward is will these pay off -- i'm joined by a dear friend. get it here with me. as you can see, we're having a good time on this opening day of this billion dollar development in abu dhabi stay with us >> do give him my best a first on cnbc for the coyote how about that thank you for joining us >>> elsewhere we're talking about big brands looking overseas facebook is setting up a subsidiary in china. the social network said it plans to open an innovation hub for startups, this to expand in the market where its site remains blocked. the office will be located near the home of alibaba. >>> facebook is due to report second quarter earnings after the bell today the numbers will be under scrutiny for the impact of the cambridge analytica scandal, but analysts are forecasting monthly active users to rise 12% to 2.25 billion. shares did rally to a new all-time intraday high on tuesday, the stock recovered more than 40% from its lows during that data

we do have that breaking news on at&t and time warner >> and here's what's happening, mike the u.s.t is going to appeal the at&t time warner merger approval they have filed a notice of appeal in federal court. the justice department is basically appealing the court's loss on the at&t-time warner merger we can see that at&t is down just under a percent in today's trading session. so far we don't have anymore details other than that, but the justice department is going to appeal the approval of the at&t-time warner merger. >> julia with us from sun valley covers the stock i think you're talking to the at&t's ceo tomorrow. didn't judge leon specifically warn the government not to do this in his ruling in favor of the deal >> yes, absolutely, sara this is a huge surprise because judge leon's ruling was so clear and definitive in ruling in favor of this merger there were a number of potential outcomes in the way judge leon could have ruled, but he made it very clear he was approving this merger with no conditions. that's what makes this so surprising because if he had ruled with conditio

at&t $85 billion takeover of time warner. that blockbuster deal won court approval back in june with, i mean, at the time, you read judge leon's ruling and it seemed so air tight. but the doj, they -- i don't want to cast dispersions on a government agency far , seems le we'll take this to the next step if i was the appeals court looking at the ruling, don't you look at that or is it a totally new deal when you look at it do they come up with their own rationale? try to find something in his ruling that -- >> we had a former doj on closing bell and the appeal has to be based on a matter of law you have to argue that there was a misapprehension in the story >> what is the story now, the conspiracy thererists. >> wanted to make sure the disney/fox deal would go through that you pick up the phone and you say, hey, throw a wrench in this until we can get the shareholder on. >> comcast would get clearance because disney, the studio concentration with disney taking over is even -- >> it's not vertical the idea is if you're challeng

he needed the at&t time warner case. the go ahead from the solicitor general of the department of justice of the he apparently got that. news is breaking right now, making our reporting from yesterday official, that doj is appealing the at&t-time warner decision by judge leon, that allowed the two companies to merge. what this does to the companies, what this does to the stock going forward i can't tell you. you know, here's the thing, they will appeal it to the district court, the federal district court in d.c. they think that court has many more obama appointees on it, more consumer related that may not like this deal. remember, a lot of consumer groups opposed the at&t-time warner deal, thinking it would lead to higher prices as time warner, excuse me, as at&t became stronger, could squeeze competitors, competitor distribution outfits, cable companies if they want time warner's content so that is what we have here. they think they can roll the dice with obama-appointed justices in the d.c. circuit court. that is why t

how the at&t-time warner deal is under threat.n & johnson fighting a multibillion-dollar verdict. 22 women claim their baby powder gave them cancer. then we hear from a former ambassador to ukraine and what he expects out of president trump's summit with vladimir putin. this is bloomberg. ♪ ♪ mark: live from london, i am mark barton. vonnie: in new york, i'm vonnie quinn. at&t says the trump administration appeal against its merger with time warner does not change anything because the deal is closed. the justice department is challenging a judge's decision allowing the takeover. we are joined by jennifer read. his at&t correct? does the justice department has some kind of leverage or jurisdiction in order to stop this deal? jennifer: of course they have the right to appeal. even though at&t is correct that the deal was closed, what they did in order to close early is to hold the turner assets separate. the doj agreed to that because leaves the possibility of a domestic teacher of turner broadcasting as a possible remedy if the doj

course because the lack of time warner by.ond-quarter numbers are after the bell as well. joe: i will look at numbers for new home sales out at 10 a.m. julie: president trump will be meeting with the president of the european commission, highly anticipated. scarlet: that does it for "what'd you miss?" julie: "bloomberg technology" is up next. joe: have a great evening. this is bloomberg. ♪ emily: president trump tweets tariffs are the greatest and dozens of business leaders traveled to washington to say they are forced to raise prices. big tex slides past the high bar. google delivering a monster quarter in sales beating on estimates. the one investor turning their back

theresa may's brexit plan as he visits the uk the justice department will appeal at&t merger with time warner and a missouri jury ordering johnson & johnson to pay a record $4.7 billion over allegations its baby powder causes cancer. wes bush is stepping down and mcdonald's pulling salad from the menu after reports of people getting sick we have the full details ahead it is friday the 13th and worldwide exchange begins right now. >>> good morning, welcome to "worldwide exchange. don't be afraid of friday the 13th we're here and we have you covered. a quick check on the markets a slightly higher open right now. dow jones industrial average higher than ten points and slightly higher on the nasdaq. higher by 11.5 at least at this point in the early going in asia it was mostly higher overnight. the shanghai composite down 10% and shrugging off any trade wars going on take a quick look at europe. europe, of course, higher today and that continues what we saw yesterday. right now the ftse 100 is the leader higher by more than 1% as president trump continues his visit to the uk. >> in today's top co

vice chairman on the select senate subcommittee of intel, warner, mark warner says that it was russia is ready to say that it is russia, we heard adam schiff saying that it is likely russia as well, some of the top democrats with the intelligence portfolio on capitol hill say that it looks like russia, sounds like russia, it is most likely russia, facebook allowing that to be handled by some of the outside groups, perhaps allowing lawmakers to make that announcement, but they were not ready to name russia just yet, but a lot of the top democrats are convinced that it is likely linked back to the kremlin. >> harris: that is something that they have jumped to, and we will let the reporting have been on it. mike emanuel, thank you very much. we are covering this as it comes up. i was reading a little bit of what has come about of the phone call. facebook had the conference phone call with the new revelations about the attempts into the upcoming election. i will talk to the power panel about it, a special power panel today. stay close. ♪ you're headed down the highway when the guy in fron

i think senator warner's point there is absolutely on target. we have also the challenges of technology and how we use technology that's a constant change, and the irs has never caught up, and as many of you pointed out, they are trying to deal with current problems, rather than to deal with the underlining capacity to use technology, and then i would add a third, and that is congress changed the law. i'm not saying whether it's good, bad or indifferent, when you change the law, it is going to add a challenge to the irs. they are going to have to deal with that as they are dealing with all these other issues. so i invite you to -- and your testimony covered a lot of the points that are included in senator hatch and widen's legislation, in legislation that i have joined senator portman following and the bills that have come over to us from the house, but i invite you to do more granular, please take a look at these provisions and give us the input beyond just today's hearing. i want to talk first about training. thank you for mentioning that. we

senator warner has served in the u.s. senate since 2008 and established himself as a leader on a great number of issues including this one. he's the vice chairman of the senate select committee on intelligence and a member of committees of finances, banking, urban affairs. we had several phone calls and chats on this issue. we thank you. i also have the pleasure of welcoming back senator rubio who was first elected to the u.s. senate in 2010. he's a member of the it? select committee on intelligence as well. also serves on the committee's foreign relations, appropriations and ageing. prior to his election to the u.s. senate he served as speaker of the florida house of representatives from 2007 to 2009. leading today's chat is jill doherty who as a foreign affairs correspondent for cnn over three decades including a decade as bureau chief in moscow which i think is pertinent for today. she currently hangs her hat as a fellow as the canon institute where she's researching russia media and soft power. so with that, the floor

the government isk going b after at&t's acquisition of time warner, putting the $86 billion deal backn the crosshairs. >>> odd gettogether. chipmaker broadcom goes after a software company and many are wondering why. >> great expectations. banks get ready to report earnings, but will the result end the slump in that sector? those stories and much more tonight. >> oh, yeah. >> on "nightly business report" for this veryusy thursday, july the 12th. >> geepood evening, everyone. buckle up, a lot of news tonight. a blockbuster appeal follows a blockbuster deal. the justice department is going back after at&t's acquisition of time warner appealing a judge's ruling last month that allowed the merger to proceed. the $86 billion deal was closed a short time later, but it could w face anotheround of legal from seedings. shares of at&t came underni pressureally lower in after-hours trading and jia boorstin is covering it for us from sun valley tonigse. good t you, jia. basically, did anybody see this coming? no, sue. nobody saw this coming and it was particularly shocking because it's been a mon

-- jack warner -- to the press, and on web site, investigative journalist. sensational puts it out there, sees it looks at it notices looking at it that he had been -- the internet cancellation mark was merrill lynch. >> chuck usually mail, to the caribbean where he had secret accounts but got lazy sent to merrill lynch. and this was like, you know, he could subpoena merrill lynch and get all the start to build a case, because merrill lynch not a national bank in cayman islands meant he could do it without making a lot of no ideas, not tell anybody if started asking, probably know, a lot more complicated. so subpoenaed information, and front end -- trump tower sit down and no a story about this you can't -- called him up on phone said like to meet with you i thought it was about something else they sit down, and they say fbi -- in to another store shopping, knew him, and so this is regarding that -- and football, i care about it, want you to know -- this is a specific subpoena, you take it out you have to give us every name and account number bank account yo

valued at twice what at&t paid for time warner.ou can say that ridiculous or you can say that's a pretty good deal thanks very much >>> well, now more problems for papa johns coming up we'll tell you about the latest fall out in the racial slur controversy in the chain's founder. >>> and if you think your cellphone bill is high already prepare for a sticker shk.oc wireless bills are on the rise and we'll have the latest for you on "the closing bell." >>> a bad news alert on papa johns. >> the fallout continues for papa johns and its founder and ceo after he was caught using that racial slur on a conference call back in may so far today the company announced it's removing him from logos in the fear future and also sue louisville change its stadium name and also baseball teams as well as the atlanta fal anyones all suspending relationships with the brand in their advertising camp pains the new ceo who took over back in january just put out a statement saying papa johns is not an individual but a pizza company with franchise partners

at&t is a supplier of distribution to the time warner properties, and time warner properties are a suppliercontent to at&t. and when you have that situation, particularly where you have so few companies in the distribution business, that can make a very big difference at&t can use its distribution business to favor its own content, disfavor others, particularly new start up content, and can use time warner content to favor its own distribution and hurt its distribution competitors we've seen it happen in the past we saw it in the microsoft case that the d.c. circuit affirmed and saw it in the at&t industrial case. >> jeff, it sounds like you're saying this could blow up in the government's face though because if it doesn't go their way on appeal, and many expect it won't, it ends up solidifying the other side of this argument. is the risk worth it >> that's exactly the question when i talked about this issue earlier, that's exactly the question doj had to be asking itself we got one bad opinion, can we live with that in terms of the policy we want to enforce going forward or do we take it u

we put together today's events at the ask of senator warner. senator warner and senator rubio gave you a -- we have excellent panel, you have bios in front of you. i'm going to ask ilene who is a cyber expert to frame the problem for the global perspective. i lean over to you. >> first off, i want to join in thanking the atlantic council and the transatlantic commission on election integrity for the exquisite timing. i will say, it is surreal, it is like we are anticipating some smooth that should be really unbelievable and yet it is very real. and i would say following from the panel, from the center as we just heard, this really is a moment of truth for democracy writ large. maligned foreign actors are hacking our democracy, undermining confidence in the integrity of the outcome, undermining confidence in the feasibility of adhering to democratic values and protecting our society. and the big game is actually to win the narrative that democratic governance is not really feasible. the hard part, i would say, one of the hard parts, is this conv

toe warner stocks ceased trade. holders moved on.s a difficult decision in the first place for the justice department to go after a vertical merger. you don't know much about why they have done it. what we do know is when the original ruling came out, they slept down the doj. they were told there was no grounds for it. there were also told at the time, i do not want you to appeal this. highly unexpected. the real knock is what it does for the mood music. comcast making a move. we know disney and comcast competing for the assets coming out of fox. sprint and t-mobile trying to merge. the deals indicated on the fact that justice department lost their case. the environment was supposed the improving. this changes that. more information will come out is planninghat doj to appeal. it will be a rocky time between now and then. in sun valley idaho, at hammond. ed hammond. anna: president trump has warned theresa may the soft exit brexit will kill any deal with the u.s. ignored advice on brexit. he did not like a soft brexit, he liked a hard

internet pioneer america online announced today it is buying big sprawling time warner, creating the largest media conglomerate. >> the aol-time warner merger was the classic dotcom insanity. >> $160 billion. the biggest corporate takeover ever. >> this merger will launch the next internet revolution. >> the merger of time warner and aol wasn't really a merger. it was a purchase. >> i am struck by this image today of the upstart aol gobbling up this media institution time warner. shouldn't it be the other way around? >> well, it's sort of startling that a company tt couldn't even buy beer is now buying one of the oldest media companies in the country that took a century to get this big. >> we're just scratching the surface in terms of how great these products can become. whether it's the internet, the way you communicate with people. software is in its early stage. there are some real advance that's are going to make a big difference. >> microsoft in the beginning of the decade with their operating system and their productivity software was still very, very strong. >> microsoft chair

warner: many of them yesterday put very strong statements out.arrassment to the whole country. maybe there is one senator who defended the president, but everyone else has spoken out and said this was throwing the american intelligence community under the bus. no american president has ever done that, and i think it is right to say to my republican colleagues it is great if you put out a statement, but we need to vote to rain this president this president in. alix: what is the probability you would run for president? sen. warner: my job is to deal right here in the senate and try to keep the bipartisan investigation going in terms of the russian intervention, and realize there needs to be a voice in the senate that realizes both clinical parties are stuck in the 20th century, and we need to recognize a world where people will network 35 years for a single job, we need a forward leaning economic theory that has portable benefits and new investment in capital. trying to build bipartisan support is something i can do. alix: it seems like not yet, bu

senator warner? >> very efficient committee and i was wished all committees worked this efficiently. i'm first of all. i want to make a generalized comment. i'm very concerned that there's a lot of chest-thumping about how well we did in 2016. and i think we should be very cautious. in terms of some of the claims that have been made and the ongoing threat, ongoing threat that's been confirmed by every member of the trump intelligence community that russia and/or others will be back in terms of trying to penetrate our systems. first. second, i was a business guy longer than i've been in politics, i believe in competition. but it worries me when you've got three vendors to control over 90% of the market. for a voting systems. and i have to take exception following some of the comments that senator widen maked. i have to take exception to your opening comments, i can tell you commonwealth of virginia after the 2016 elections did an extraordinarily thorough review. i pushed that review. i pushed to make

democratic senator mark warner of virginia and republican senator dan sullivan of alaska. plus, confronting allies. president trump threatens nato. takes on theresa may on brexit and praises her rival. >> i actually told theresa may how to do it but she didn't agree -- she didn't listen to me. >> and the gop versus the fbi. republicans in congress charge fbi agent peter strzok with bias against president trump in the russia investigation. >> that is bias. agent strzok may not see it, but the rest of the country does. >> and strzok fights back. >> i strongly believe today's hearing is just another victory notch in putin's belt and another milestone in our enemy's campaign to tear america apart. >> joining me for analysis, amy walter from the cook political report. hugh hewitt, host on the salem radio network. nbc news political analyst elise jordan. and joshua johnson host of 1-a on npr. welcome to sunday. it's "meet the press." >> nbc news in washington, the longest running show in television history. this is "meet the press" with chuck todd. >> good sunday morning. well,

at&t bought time warner for $85.4 billion.he justice didn't sued to stop the merger saying it would harm customers. >>> u.s. stock futures rose to a five-month high this morning on expectations of solid earnings reports from u.s. firms. yesterday fed chair jerome powell said the economy is in a good place but that trade issues could end up being a drag on growth. >>> here on wall street the dow jones industrials gained 224 points yesterday. the s&p 500 rose 24 points. po. securi a sions'terd the fcc wants to know if facebook adequately warn investors about privacy issues that cambridge analytica mined user information without their knowledge. the fcc wants more information from facebook. >>> and the pay-your-age promotion at build-a-bear workshops turned out to be too popular. stores across the country could not handle the crowd, and shoppers were turned away for safety. you could pay your age up to a max of $29. build-a-bear says it knows customers are disappoint and plans to reach out soon. some were given $15 coupons. >>> a

renamed warner media.e a listen to ceo randall stephenson >> we've now assembled the key elements of a modern media company and it all begins with owning a wide array of premium content because we are absolutely convinced that there is nothing that drives customer engagement like high-quality premium content and whether it's netflix, amazon, google, disney or comcast, everybody is now pursuing the same thing. in an unusual move, stephenson was joined by all of the division heads including john thanky he said they want to invest in more original premium content for hbo. stephenson and stanky talked about how they can have global capability ands how those different investments will enable them to have a valuable, direct relationship with consumers. >> you take these three elements, premium content, 170 million direct to consumer relationships and great ad technology and then combine those with the high-speed networks and we think all of this is a game changer bringing these four elements together has changed

couple of interesting marks, changing time warner now to war and media. warner media. we did see a tumble in the stoxx, down more than 2.5, so it has reduced its losses. big picture, you can see the pressure at&t has been under. they managed to reduce some of the pay-tv unit losses and that explains what was behind the time warner burger. -- the time warner merger. see how that plays out in the regular session wednesday. haidi: thank you so much for that. the trump administration is barring the last line to the farmers court with a $12 billion aid package, earlier president trump spoken kansas city and asked primary producers to be patient. president trump: we are making tremendous progress. they are all coming to see us, and the farmers will be the biggest beneficiaries. watch, we are opening up markets. just be a little patient. todi: let's get straight washington. it's quite extraordinary, the president creating a solution to a problem that he created. to quell the concern over tariffs in congress? >> this will help out some term,s in the immediate particularly as t

warner: i have confidence in both of you. in these very strange times, it is important to get that on the record. admirable, in your previous -- admiral, in your previous roles in the navy seals and special ops, you understand the importance of strong alliances. obviously at nctc, your operation has remarkable capabilities. again, if we are going to keep america safe, you have to rely on tips from was and partners around the world. -- allies and partners around the world. can you speak to that need of maintaining those alliances, those relationships, and how and why at the political level there may be some challenges, where the white house sometimes treats allies as adversaries, and adversaries as friends -- can you speak to that special relationship you would have as director of nctc? ms. mccarthy: mr. maguire: being a military guy, i felt you could not have too many friends on the battlefield. in the counterterrorism battlefield, we need to have all of our partners and allies. d --ugh our nato allies an counterterrorism is

the merger is closed we own time warner >> and the options market seemed to agree with that assessment and calls outpaced puts two to one in the series of paces that garnered the amount of attention. >> the calls expire next week and 19,000 of them traded hands. what do you think, guys? the worst for tee? >> i don't think the worst is over for tee it is down 1.75% and it was traded lower when they're trying to break up this deal. so what is the catalyst to get it higher? you don't really have any earnings growth. you have a lousy balance sheet and greg moffity talks about that all of the time and you have the directv deal years ago that doesn't seem to be paying any real dividend so they seem to be in no-man's-land here. if i were at&t, i would think about if you're changing your business, maybe cutting the dividend entirely. the market might like that and there's a better chance to see 29 in that stock than back up to 25 >> one of the reasons we saw this unusual options activity and the stock's weakness, i think, was supportive of the idea that the latest government effort isn't going

at&t have the judge's approval to ta ke at&t have the judge's approval to take over time warner and thatcomcast confidence to bid for 21st century fox and now the government is appealing that case and that is what means comcast has given pause to and they have said this isn't the right decision for us —— time warner. it is all about the content. they want 21st century fox's content for future streaming services and to compete with netflix and other companies. in other news making headlines, japanese prosecutors indicted kobe steel after admitting to taking strength and quality data. the third biggest steelmaker was charged with violating the japanese u nsettled charged with violating the japanese unsettled petition law in relation to data falsification after september 2017 in the latest of a string of revelations to have undermined faith in japan's reputation for quality. now, are you looking to study overseas? new research says australia has overta ken research says australia has overtaken the uk as the second most popular destination for international students, following the us. attrac

senator warner: i appreciate your interest in the subject. i have to tell you, if this committee takes up any legislative activities this year, it is going to be my intent this year to make sure credit reporting has appropriate garb rules, a year after equifax. so much has happened and that is on the top of my priority list. i hope we will be able to work together. --it is a high price for it a high priority to me as well, data collection. i hope we can prioritize that and make progress. : one thingner consumers need in a cpfb director is someone who can stand up to powerful people on behalf of those who don't have power. ont's why i want to focus the trump administration's child separation policy. since march 2017, you have been the head of general government programs at the office of management and budget. it's an important job, the ateral government programs omb is in charge of the department of justice and department of homeland security. and according to the disclosures you submitted to this committee, omb's principal policy official for

senator warner and then senator wicker. >> thank you, mr. chairman. i want to thank you and the ranking member for holding this hearing and the very good work that you've done on this subject matter. as you know, it's something that those of us who have -- share a common position on the intelligence committee have also brought a perspective to, and i appreciate all the panel being here. i really want to get two questions because i know we have a second panel coming up. one, i want to thank the leadership of the committee for getting that $380 million into the budget to try to help assist election officials around the country. a two-part question. first part is it's hard for any enterprise, even large enterprises to evaluate, i think, the cybersecurity claims that firms make in terms of how -- what kind of protections they are going to put in place. does the eac give any guidance or kind of best practices as individual states or localities start to evaluate the effectiveness of some of the cybersecurity protection monitoring that is being offered out i

and i had to stand there and say welcome to the warner brother's store, aide floors of fun.for like-- . >> stephen: is that how would you do it. >> sometime i would say welcome to the warner brothers store, eight floors of stuff. and i would get yelled at. andrew, you have to stay fun. >> stephen: give me like, if you had done it the way they wanted, you look in that cam rand assay it the way that they wanted. >> hey, welcome to the warner brother's store, eight floors of fun. >> stephen: but i ended up quitting in the mids elf a shift because this woman came up to me, also by the way i knew nothing about the merchandise. i new nothing about the layout of the store. i was just there to say hello. this woman came up to me and said where are the tweety bird mud flaps because we sold those. and i was like first of all, this is so depressing. don't buy them. and-- don't. and i don't know where they-- i don't-- i barely work here y would i know that. so i went up to my manager and i was like i have to leave. and she is like are you sick. and i was lick no but something bad might

thehere are a few things, time warner trauma and all that came with that. -- warner drama and all thate with that. the shareholder selling. at&t ise questions that going to be able to do this. it is a company they've acquired that is unlike the company they have come from. if they canout as do this. vonnie: is it a buying opportunity? >> with the shares down and verizon showing significant outperformance, it is. if you look at where the street is for earnings, they are flat despite at&t saying it will be earnings accretive in year one and synergies between cost and represent -- and revenue synergies. we will hear from him woman see what they have to say. caroline: we are about to get al the bet -- out the bet -- phabet's earnings. you think at&t and verizon can be a key competitor to google? >> at&t has the leg up. advertisers want to send can google dominate that area. no one knows more about customer tendencies than the cell phone providers. they have knowledge that if used in the right way, they can be successful in this. vonnie: can they be successful in terms of content? at&t owni

we are going to put together an event at the request of senator warner. we give you a strong perspective from washington. this takes a broader international scope. we have an excellent panel, i would like to ask eileen who is a cyber expert on what they are up to displaying the problem from a global perspective.>> great, i would like to join in thinking the atlantic council and the commission i will say it's kind of surreal, participating in some kind of a cool that should be really unbelievable and yet it's very real. i would say following the panel for the center, this really is a moment of truth for democracy. live foreign actors are hacking our democracy and undermining conference in the integrity of outcomes, undermining confidence in the ability -- feasibility of hearing democratic values and protecting our society and the big game to win narrative that the democratic governance isn't feasible. the hard part i would say, one of the hard parts is, this conversation is so on wielding. even for those of us who spend our days thinking about this complet