steve wozniak among those complaining of gender bias for the new apple credit card and goldman sachs.irst, to our top story. wework ceo search is said to include t-mobile ceo john legere . ties toere has softbank. this comes at the same time as legere is pushing for a merger with sprint, also with softbank. as we reported this morning, it seems like he is one of several names up for consideration for a ceo search wework. is something that has kind of been percolating. again, this may be a sign of softbank pulling the strings. they have strong ties over john legere. twist, ties with the executive chairman who is a former sprint leader and someone who in the past has sparred publicly at times with john legere over telecom industry beefs they had. theof them even called other a conman on twitter. kurt: what has been going on at wework on the executive front? ellen: it has been a long six weeks. ,september, co-ceo's they come onto take the reins. pretty quickly, softbank chairman.he executive out alleen sending staff emails, saying, if you have any concerns or questions, feel free to emai

we will talk to the apple cofounder, steve wozniak.e was among the first people to flag the issue. this is bloomberg. ♪ kurt: there is plenty of anxiety on social media, especially for people who feel the pressure of competing with other users. instagram is now looking to reduce that feeling on the photo sharing platform, and the facebook-owned company thinks the key is to remove the like counts on posts. it is already doing in countries like canada, japan, and brazil. we spoke to the head of instagram, adam mosseri. instagram a little bit. we are really focused on young counts private, it may allow people to focus for a little bit more on what they care about. we have been testing this in a number of countries around the world. >> the idea being, if i can't see how many likes your photo gets, that might decrease my pressure around sharing myself? adam: you will be able to see how many likes your own photo gets but not how many likes other people's photos get. the idea is to reduce anxiety and social comparison, specifically with an ey

taylor: that was steve wozniak.ly after the interview goldman sachs announced a customer service line and issued the statement that they, quote, not and never will make decisions based on gender. the company announced that it would introduce the ability for household numbers to share a apple card credit line. the debate over the role of algorithms and consumer finance heated up with presidential candidates elizabeth warren blasting goldman sachs and their response. other lawmakers said they intend to look into the ability of earlier claims. news, some apple product got a glimpse of the new macbook pro this week, the first update to the device in three years. the new laptop comes with a slightly larger screen and an improved keyboard. >> it's all about the keyboard. the thing to me is that it really should not be all about the keyboard. the reason we are talking about the keyboard is because it was read designed after there were complaints on what is known as the butterfly mechanism keyboard. if they had not moved to

it follows complaints, including from apple's co—founder steve wozniak, that algorithms used to set limitsight be inherently biased. the card is run by the investment bank goldman sachs — they say credit decisions are not made on factors like gender. chinese e—commerce giant alibaba says sales for its annual singles‘ day shopping blitz hit $13 billion within the first hour. that's up nearly one—third on last year. the sale began at midnight after a performance by american pop star taylor swift and local celebrities in shanghai. singles‘ day was once a celebration for china's lonely hearts. but it has become a 24—hour extravaganza that outsells the combined sales of the american black friday and cyber monday. and we'll have more on asian

on thesteve wozniak apple card.was one of the first people to flag how the card issues credit limits when it come to -- comes to gender. that is coming up. this is bloomberg. ♪ jackr: alibaba co-founder spoke to bloomberg while he was in togo. he was there to meet with young leaders and entrepreneurs. he discussed the ongoing trade issues between the u.s. and china. to handle canceling, the , the usa-china relationship might be in some turbulence. we have to be very careful. i think it is so important for to workd the u.s. together. sure a lot of technology together. and, for so many years, china and u.s. have been working together. there is a problem. that is natural. if there is no problem, that is unnatural. we should not create more problems. africa.oves bridge between china and africa. what we see as the main thing that china can gain from africa and vice versa, the main thing that africa can gain from china. ? my first trip, i read a lot of things about africa. i am inspired by the young people. so many young

steve wozniak, chimed in with same thing. the same thing happened with us.unts, assets or any kind. we have same high limits on our amex cintron, he received 10 times the limit versus his wife's apple card even though they shared the joint accounts. he implied this is big tech in 2019. he is referring to the algorithms. that possibly these algorithms that were created by men and women could be gender discriminatory. goldman sachs says the apple card applicants were evaluated according to income and creditworthiness. if you happen to have the credit card you could text them. i texted them, apple technician, most likely a robot, responded by saying i understand your concern. your credit limit is determined using your income and payment obligation as well as credit score and shift. we can reevaluate your limit later. does this answer your question? a lot of investigators are taking this seriously. it is illegal to discriminate even through algorithms. the new york financial department. they reached out to goldman sachs. they will be investigating the situation.

that was backed up on twitter by the apple co-founder steve wozniak who said his card gave him ten timest limit of his wife janet. >> it looks like discrimination. >> reporter: enough so that they're looking into whether it discriminates against women. >> i kind of laughed. it was so low, i could barely buy a plane tick.pple said the is on the card but details are handled by goldman sachs which admits it use as computer algorithm to assign credit scores but said it does not discriminate by gender. >> i hear a hot from women that they get treated in an disparaging way by professionals. >> steve said he wants to he sight end by one person, not computer, at a ter tells us more important than humans in a way. >> all right. with us now, a lot of public back lash, especially if woz. any changes? will apple do anything about this? >> it's beg a big day for this already. we've seen goldman sachs say they'll give a phone number out soon that you can talk to a human being. they also say they're likely to start a man where couples can jointly apply for the apple credit card and therefore you'll hav

we have the thoughts of steve wozniak.get you started with a quick check of the markets. we are seeing japan and south korea coming online. we are seeing a little bit of upset for the nikkei after stocks saw their first fall in five days. the topix under a little bit of pressure at the moment but still above the 1700 level, which at top for the first time since october of 2018. the japanese yen unchanged and around the 109 level. we have seen some strength for the japanese yen against the u.s. dollar this week as we had some more uncertainty over the china-u.s. trade deal, not to mention the uncertainty over tensions in hong kong. take a look at how south korea is coming online after two sessions of losses. the kospi seeing an upside of .3%. we have seen the korean won lead the losses given we had the uncertainty surrounding the first phase of the china-u.s. trade deal. the asx 200 at the moment under a little bit of pressure, down .4%, but this falling after being at that very high level. at the highest level in fact sinc

. >> according to wozniak, he will be on fox tomorrow on fox business.hat they have been sharing a joint account for many years and married, he saids her credit limit, there should not be a 10 time discrepancy, and jonathan. to point it should be getting legal. >> i'll call you back the last time government got involved with credit cards, dick durbin the net result of the less credit availability. some people are less good credit risks than others, you can't blame goldman sachs or not wanting to give them a 20,000 dollar limit. >> if you look at obamacare, we had a lot of discussion about older people, women versus men getting base the same scores. even though their health care needs must be different. there is a mentality that you can't make any differentiations. i tell new case of wozniaks, my guess his earning history which would be certainly part of the analysis of any lending decision, is different from hers. and also their assets they look different, my guess is, you know this could turn out to be something that really has a straight forward explan

even the man who cofounded apple, steve wozniak, said he got ten times the credit limit his wife got. >> it was so low, i could barely buy a plane tactile and i buy all of his plane tickets. >> i was thinking in terms of assets and income and it's the same for both of us and that should determine your credit worthiness >> reporter: goldman sachs, apple's financial sparter in, says gender and mer tall factors are not factors. we look at an individual's income and individual's credit worthiness, which includes factors like personal credit scores, how much debt you have and how that debt has been managed. con assumer advocates say algorithm bias is nothing new. >> we've seen it in housing. we've seen it in hiring we've seen it in he health care. >> reporter: tonight the wozniaks say goldman sachs has offered to increase janet's limit as new york state regulators look into whether this credit card algorithm has an illegal gender bias lester >> tom costello tonight, thank you >> up next -- outrage over a substitute teacher accused of beating a student. tremfya® may increase your risk of in

say men get a far higher credit limit than women the scandal broke after apple's co-founder steve wozniak said he received 10 times more credit than his wife even though they all share assets and accounts apple has reportedly responded to user concern saying the credit limit is defined by an algorithm the apple cart was launched in august in partnership with goldman sachs as an option for users with limited access to credit. for more on this i am now joined by jose luis de i do our financial correspondent on wall street will take us through this issue has abused it's good to see you so we do know that this looks like a bumpy start to this new apple product how important are financial services for apple does this mean big trouble for the company now. the current situation have you heard more goldman sachs. regulators are looking to banks a credit card department and not our poll today to mine have any of the states and also were broken that said any potential could be a headache to 40 i phone maker out of time pays a transaction volume in revenue more than doubled from a year ago aapl call

credit card which critics say offers men a higher credit limit no women apple's co-founder steve wozniaksays he received 10 times more credit on the card than his wife. and federation of the german. industry was the government to set up a spaceport in germany evoke a song transporting small size satellites into space experts say will be key to future communication networks or developments like driverless cars. time to celebrate if you're single and buy yourself a gift or began as an alternative to valentine's day has grown into the world's biggest online shopping day all thanks to some very clever marketing by the asian e-commerce giants. on the stroke of midnight the money started rolling in ali baba's singles day usually brings mind boggling numbers this time sales surged past the $1000000000.00 mark in a little over one with it. less than american superstar taylor swift front at the opening celebrations in shanghai or to persuade online shoppers to fill up their cyber shopping carts this year's event finds out the barber it's something of a crossroads for the 1st time employees aren't

appleinsult to industry, cofounder steve wozniak said i have faced the same issue. regulators are saying, we want to figure out how these credit risk assessment tools work. we are going to probe goldman and this apple card issue to see if there are biases. kailey: how much blame does goldman have to take here? is it just the algo, or is there something goldman can do to fix it? sridhar: i truly believe that apple and goldman, two marquees in the world of finance, they have become lightning rods over an issue that has been growing for a while. they are trying to figure out the important regulatory factors to make sure it does not come with its own set of biases. computers are supposed to stamp out those errors. but in other ways, are they reinforcing issues we have faced for a long time? that is what folks are trying to figure out. it is not limited to goldman. it probably affects the credit industry. remember, they have not done this for long. this is new for them. that is why maybe they are facing a unique challenge. jason: now to a different sort of investigation.

steve wozniak and david hann cen said they were allowed credit limits 10 to 20 times higher than theirthough they had the same or worse profile. inged at k contra costcounty could be the latest to adopt a ban on vaping devices. the board will vote on the measure at their meeting tomorrow. >>> a look live at oracle park where the san francisco giants made a high profile addition to the team's front office. scott harris has been named the new general manager. he is a bay area native and will work under president of baseball operations. the giants haven't formally had one since september 2018. harris will be officially introduced at a news conference today at oracle park. >> right now mercury is crossing the face of the sun. check it out. in some livestream views you can see the planet as a small speck on the sun. i'll having trouble making it out there, but there it isn't that little black spec on the left-hand side of your screen. this is from a telescope on the ple 13 times each century. the next time isn't until 2049. you cannot see it without a very powerful telescope and eye protect

the tweeteven attracted attention from apple cofounder steve wozniak, who says apple gave him the ten times the credit limit that his wife got goldman denies the allegation saying that it looks at income and creditworthiness, that it has not and will not make decisions based on factors like gender >> josh, giving your coverage of apple, what does this mean when apple hasn't commented specifically on the story, whereas goldman sachs has? we're going to address all of the points of goldman sachs coming up later? i wanted to ask for your view on apple, particularly when steve wozniak, the founder, has commented. >> listen, we know tim cook is bullish on the card. talked about them last earnings call it is interesting, wilf. investors don't concentrate on the card, because they think it's going to have some type of big financial bank account for the company. it is not. but it is important for other reasons. it's important because it's part of that broader, faster-growing apple pay experience it's important because hopefully it makes your current fans happy. and if it's successful, it hope

steve wozniak said he got 10 times the credit limit as his wife, even though they have no separate accounts. the company tells cbs news its credit decisions are not ndrac age, or sexual orientation. >>> instagram changing the way millions of people interact with that app. starting this week it is hiding likes for u.s. users. friends can still press that little heart, but only the user that posted the picture will be able to feel the love. instagram tried out the hidden likes feature for months in canada, new zealand, japan and more, and now it's hitting state side. >> we don't want it to be such a competition. we want people to spend energy connecting with the people they love and things they care about. >> this is healthy for users because it does eliminate some of that tension around sharing and measuring your self-worth by how many likes you get. >> kim kardashian west agrees the problem, it's al health, the comments. >>> and the wall street journal is reporting that google's project nightingale is set to collect health data across the united states. this is just weeks after they announc

apple co-founder steve wozniak and web developer david hanson say they were allowed credit limits 10 times higher than those given to their wives even though they had the same or worse financial profile. goldman responded claiming apple cards are evaluated independently using income, credit scores, and personal debt. the financial powerhouse is being investigated over its lending practices. the apple card debuted in august in partnership with goldman sachs. >>> the world war ii action movie "midway" took the top spot at the weekend box office. >> we need to throw a punch so they know what it feels like to be hit. >> reporter: the lionsgate film starring woody harrelson and luke evans finished ahead of expectations bringing in over $17 million. in second was warner bros. "dr. sleep" which brought in $14 million. and paramount's "playing with fire" came in third bringing in nearly $13 million. >>> and many businesses are paying tribute to veterans and active duty military in observance of veterans day today. several companies are offering free meals and special discounts. they include

steve wozniak said the same thing happened to him and his wife. >>> your instagram likes could disappearhis week. >> the platform is hiding them on a trial basis. it's an effort to make the sight less of a competition. you can see how many likes your post gets but others won't. >> and doctors say a condition known as text neck is becoming more common in teens. that's when teens suffer neck and upper back pain from staring at too many devices. you should lift your phone up and keep your head up. >> like this? >> lift your phone? >> text from a higher angle like this. >> oh. all right. i guess that makes sense. then you can see, too. >> i feel like it will block it. >> block the car that is about to hit you? >> the tree. >> that's bad. >>> it's a big week for the future of undocumented immigrants who came to the u.s. as children. >> the court case that has people camping out. >> there's still three weeks until black i just add a spoonful to my marinades... ...to stir frys... ...sauces. just whisk it in... ...brush it on... sauté it. it adds a "cooked all day taste" ...that doesn't take all

steve wozniak says he was allowed a credit limit much larger than the one given to his wife. evaluated independently. personal credit scores, how much debt you have and how much debt is managed, based on those factors it's possible for two family members to receive different credit decision. in all cases we have not and will not make decisions based on factors like gender. joining us right now is judge andrew napolitano. >> good morning. this is the a apple card which is administered for apple by goldman sachs and so far -- we all know who steve wozniak is. it's almost unconceivable, that he would have 10 times the credit as she. their assets are jointly. this is anecdotal information. it isn't a lawsuit. in my opinion, this will probably mature into some kind of investigation by regulators. it goes without saying that credit worthiness cannot be based on gender. it's not even a check mark. it's not there. it's nothing anything that can be considered. we do have some extreme examples of people whose wealth we know getting supegetting superlatived their spouse getting t rating

apple co-founder steve wozniak saying he got a higher credit limit than his wife as well. goldman says it's possible two family members could receive different credit decisions but it does not make decisions based on factors like gender. marcus and laura, back over to you. >> very interesting. >> suspicious. >> hmm. >> hmm. >> thank you, kate. >> thanks, kate. >> 4:42 right now. >>> coming up next on "today in the bay," kari hall tracking wind and of course fire danger. >> yes, we are going to keep an eye on that especially for the north bay, and some of the areas where we will have a higher wind. in the south bay we're starting out with clear skies and it's also going to be a very warm day. santa teresa starts out at 49 degrees but we lead into upper 60s at 11:00. we'll talk about the rest of the week, coming up next. >>> and we're watching here, the tri-valley, we can see the dublin grade, visibility is a little better through the tri-valley. we'll focus on what it takes to get to this important traffic spot as well as what's going on at the bay bridge. you're watching "

it follows complaints, including from apple's co—founder steve wozniak, that algorithms used to set limitsn sachs — they say credit decisions are not made on factors like gender. chinese e—commerce giant alibaba says sales for its annual singles‘ day shopping blitz hit $13 billion within the first hour. that's up nearly one—third on last year. the sale began at midnight after a performance by american pop star taylor swift and local celebrities in shanghai. singles‘ day was once a celebration for china's lonely hearts. but it has become a 24—hour extravaganza that outsells the combined sales of the american black friday and cyber monday. and we'll have more on asian business report following newsday. the leader of spain's socialist party says he will call all other party leaders on monday to get them to tackle the political stalemate after the country's fourth election in four years again delivered a hung parliament. pedro sanchez‘s party will remain the largest — just as in april's poll. there's been substantial gains for both the conservative popular party, which is the second biggest pa

it follows complaints — including from apple's co—founder steve wozniak — that algorithms used to set. the card is run by the investment bank goldman sachs — they say credit decisions are not made on factors like gender. a top united states military commander has said that the us is likely to keep around 500 troops in syria. general mark milley said it was important to maintain a force there to prevent a resurgence of the islamic state group. president trump was heavily criticised last month when he abruptly announced a complete withdrawal of american troops. later, he said a force would stay in order to control valuable oil fields. chinese e—commerce giant alibaba says sales for its annual singles‘ day shopping blitz hit $13 billion within the first hour. that's up nearly one—third on last year. the sale began at midnight after a performance by american pop star taylor swift and local celebrities in shanghai. singles‘ day was once a celebration for china's lonely hearts. but it has become a 24—hour extravaganza that outsells the combined sales of the american black friday and cyber m

now, apple coe founder steve wozniak, you see him there, he was in our newsroom today. something similar happened to him and his wife. regulators are now looking into claims that the credit card discriminates against women. apple says goldman sachs assigns the credit scores. goldman sachs says it uses an algorithm to do that and does not discriminate by gender. >>> well, it's national apprenticeship week. san francisco mayor lone breido breida announcing the s.f. tech apprentice program. learning through an apprenticeship can be an affordable way to get real world technical experience says the mayor, especially for people of color, women and people with disabilities. >> have you been upon baon bart recently? we'd like to hear your experience. we are looking into investigations on bart trains and what may have happened to you. here's how you can part of our investigation. >> more violence on the bart system. >> how safe is bart? find out. we are riding all across the bay area. we're taking you with us. >> i just got to the civic center stop. and this is the powell street

. >> apple's co-founder steve wozniak said the same thing happened to him and his wife even though allir assets are held together. authorities in new york are now investigating. >>> a disturbing viral videotape landed a now former substitute teacher in jail. tiffany langford is charged with aggravated assault and show her beating a female student to the floor then stomping on the girl. a lawyer says the student has epilepsy. the teen was taken to the hospital for evaluation. langford was fired that same day. >>> the beluga whale seen on video last week performing tricks with south african rugby fans may have been on camera before. some experts says it looks just like the whale that was caught apparently spying for russia last year near norway. observers are speculating the animal may have escaped from moscow's spy program. the whale was playing catch with these south african rugby fans in the video posted last week. it's not known where it was shot. >> he matched the description. >>> a wish came true for a 10-year-old massachusetts boy who wrote a message in a bottle and tossed it into

it follows complaints — including from apple's co—founder steve wozniak — that algorithms used to setyork's department of financial services has contacted goldman sachs, which runs the apple card, as any discrimination would "violate new york law". we were hoping to speak to somebody about that story. an effect we are. grateful drjoanna cox, the head of strategic engagement and policy at the institution of engineering and technology. how would this happen? ai, the auger them, is this because it is being programmed by humans, an ai glitch itself? —— the algorithm stop about so itself? —— the algorithm stop about so what ai does is it it learns on historical data. it takes historical data sets and learning on that it will make decisions. the issues we have seen with al having predominantly —— have been proved dominantly due to the data fed into the system of the first place. if you train a voice recognition system predominately on male voices, they would generally recognise male voices better. if you train a facial recognition system on white faces, they will often fail to see black one

thattweet drew the attention o apple co-founder steve wozniak that said the card gave him ten times the credit limit his wife got even though they have no separate bank accounts and they share all the same accounts. he also said it was difficult for him to get in touch with a human for a correction on that on twitter goldman sachs bank account said with apple card your card is individual to you you establish your own direct credit history we look at an individual's income and credit worthiness based on these factors it is possible for two family members to receive significantly different credit decisions in all cases we have not and will not make decisions based on factors like gender. >>> gp morgan jamie dimon speaking out about the wealth gap in america he was pressed on the issue of income inequality and his own salary. >> executive pay last year you were paid $31 million. too high >> the board sets mine i have nothing to do with it >> you could return some of it >> i could would it solve any of those problems i'll leave it to the board my board >> but this one you're -- >> the board

coming up later, we will be speaking to apple founder steve wozniak.on't want to miss that interview on bloomberg technology. up next, farage partially standing down as the brexit party leader has decided not to fight in tory-held seats in the election. this is bloomberg. ♪ caroline: time to look at what stories are trending. terminal users, you are reading about the acting ceo of cvs, -- of cbs, in line for a hefty hall when viacom completes its merger. he will collect $100 million in terms of severance and remain chief of cbs. bloomberg.com has a story on spacex, which launched 60 starling satellites. taking another step toward elon to creating a space-based internet service around the world. aim to provide services to parts of the u.s. and canada next year. tictoc on twitter has reported that the political deadlock gripping spain has only deepened. socialists won the majority of seats but the results are so fragmented that the party leader will struggle even more than before to form a government. weak minority governments have become the new norm in

apple co-founder steve wozniak said he was offered ten-times the credit limit than his wife.id sam say the blame is on goldman sachs but the way apple is attached, they share the responsibility. he said that credit limits are determined by an algorithm. but algorithms, they were built by humans. >> really good stuff. >>> california, not the only place experiencing devastating wildfires this season. officials in new south wales, australia, sydney's home state, warning of catastrophic danger, with high temps, strong winds and low humidity. firefighters battling dozens of blazes, 40 contained. three people are confirmed dead as of saturday. 100 homes lost. and hundreds of koalas are also feared dead. the local animal hospital is treating a dozen who survived. >> you're on instagram, right? >> i am, indeed. you're better than me. >> it looks like likes will start to disappear. find out what's behind the move on cnn business, next. - in the last year, there were three victims of cybercrime every second. when a criminal has your personal information, they can do all sorts of things

then it really blew up when steve wozniak got involved.ber, steve was a cofounder of apple itself, saying he was getting 10 times as much as his wife. so this is about goldman, but just as much about apple. both of the osborne hours said apple should have been taking more responsibility for this. the worry here is, and this is from hansen, "no one wants to live under the capricious rule of an algorithm." alix: that's why we should regulate algos, because clearly they have things wrong with him. they said this was one of the most successful credit card launches ever, and this is one of the ways they are planning to diversify to consumer. something that is a big deal for goldman, rotors reported this morning -- goldman, reuters reported this morning that they have this target anyone leak, but they need to be bringing in revenue. they said they will be diversifying targets a bit and look at efficiency and profit ability. goldman.ove, how are you going to be investing while also showing investors you can rake in the amount of profit that will

the case has drawn a lot of attention on social mead i aand steve wozniak joined the criticism. he and his wife had a similar experience goldman did not respond to cnbc, but in a letter to reuters, decisions are based on factors like income and credit worthiness and not gender. >>> now, switching to politics bolivian president morales has resigned after 14 years in power. morales won the election, but authorities found irregularities with the vote prompting protests on the streets called on the now former president to step down, but morales has described his resignation as a, quote, civic coup if you want to get involved in the conversation anything we discussed on the program so far, gdp data you can get involved i'm @ cbnbc. >>> the latest from aboona daby coming up in a few minutes >>> plus, stay tuned for the chat with former u.s. secretary of state condoleezza rice. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. rowithout the commission fees and account minimums. so, you can start investing wherever you are - even on the b

i ran's and radium enrichment -- steve wozniak said the company is not guilty of antibias. card bias is alleged to have just ruminated based on gender. told >> i don't believe looking into the algorithm is a solution to it i don't believe that change in the algorithm is a solution. somehow it is being able to get individual attention in cases that the algorithm misses. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries, i am leigh-ann gerrans. francine? >> the third general election in less than five years or boris johnson will today seek to capitalize on brexit party under nigel for rod's announcement that he will not contest the seat. it needs to lend in the majority. then interview with conservative party is fiscally responsible. >> i set up a spending review, which increased spending by 30.4 billion pounds a year. i think that was needed. i think it was a welcome input into the strength of the economy as well. again, you need to keep spending under control. more investment in roads,

apple co-founder steve wozniak joining me with criticism of the new credit card, now under investigationusers report the lending algorithm discriminates against women and determining limits the wall street regulator will join us in a few minutes recode co-founder kara swisher is with us right now to talk about this kara, great to see you. >> great to see you. >> all right the algorithm in question, let's breakdown what the issue is, why it is coming under investigation. seems more heat on goldman than apple. >> absolutely. this card is run by goldman. it is goldman's entry into the area, partnering with apple, trying to create this sort of fancy sheen for a card apple was trying to get into this business. what's happening is a pr nightmare essentially with the algorithm. the bigger question, what's happening with the other credit card algorithms and around health care, real estate, around all kinds of results that could be discriminatory. it is an issue around awhile this puts it into sharp relief >> it speaks to the fact that yes, an algorithm involves computers and machines, still has

of the individual apple reps it matters the algorithm does and what it does is discriminate steve wozniakaid his limit was ten times higher than his wife hard to get a human for a constructi correction, it's big tech in 2019 applicants are evaluated independently and goldman says we have not and will not make decisions based on factors like gender, dom. >> kate rogers, thank you very much. >>> let's get a look at some of the other top stories we're following this morning jamie dimon continuing his war of words with elizabeth warren in an interview with "60 minutes" last night he wausz pressed on the growing wealth gap separating the rich from most of the other americans out there along with his comments to cnbc last week about what he called the vilification of billion ir as. >> what i was commenting on is that anything that vilifies people i just don't like i think that most people good, not alll shouldn't vilify people who worked hard to accomplish things i think it's an american society and the notion that i'm not a patriot, that's just dead wrong. so, my view is let's all work togethe

. >> reporter: by far the most famous complaint against apple card is apple cofounder steve wozniak.ted him credit line 10 times greater than that of his wife got. another talk entrepreneur said his limit was set at 20 times his wife's even though they are married, lived together in a community property state. >> this is an example where they are way outside of the area of expertise. >> >> reporter: tech analyst says apple relies on the financial giant goldman sachs to grant credit on the basis of credit scores and computer analyses. >> it depends on how they got the algorithm. i'm sure it wasn't done by hand. failed to understand the couple to couple should be treated equally if they are applying for credit together. >>reporter: goldman sachs says it only shows apple card's two individuals that denies it ever uses gender and the determination of credit worthiness. it will now consider ways to include family members and apple card. >> branding is important and if apple will venture into the credit card business it has to do in a classy way that's more than just having fancy titanium

then a whole bunch of people started chiming in, including none other than apple co-founder steve wozniak apple discriminated against his wife in the same way, that he got ten times the credit limit. she didn't get very much. so goldman immediately out out an announcement, adamantly denied ever making underwriting decisions based on gender, as there is no field for gender in the card's application process. but the scenario certainly raises questions about the pitfalls as more and more decisions are made not by the humans at apple or goldman sachs, but by algorithms which may intentionally or unintentionally be agained gender-biased. we thought we have to bring in people who know about this stuff. russell hawley, let me begin with you. this is not good p.r. for a brand new issuing of a credit card, is it? >> it's not. this is unfortunately kind of a trend when it comes to apple, for getting this kind of reputation for being kind of anti-women. this starts with in 2018, there was a 9% wage gap between men and women that worked for apple. apple regularly received criticism for not having eno

. >> and another tech entrepreneur who was wrapped up in this, steve wozniak, he has many billions of dollars. >> apple co-founder. >> apple co-founder and presumably his wife applied for a card and got a lesser credit score. >> and he had the same issue it doesn't matter if it's goldman sachs, this is apple we have our name on it, we need to fix this issue. right now they have somewhat of a pr issue. >> yeah, they have a pr issue. marty, let's turn to the question of what sort of damage this might do to goldman, the brand, as goldman pivots a little bit into more consumer-facing banking activities away from big investment banking and merchant banking and so forth. >> one thing this makes it obvious that there is a bank behind the apple card and it is goldman sachs. once that all happens, you start to focus on goldman sachs as the bank is regulated and needs to make sure all this doesn't create any bias. it is an algorithm so what it does to goldman, it's going to require them to invest a lot more money than they probably expected in the sense of making sure the technology -- you kind

steve wozniak says the company he helped start is not guilty of gender bias. bloomberg the algorithm was not at fault. >> i don't believe looking into the algorithm is the solution. i don't believe changing the algorithm is the solution. it is being able to get individual attention in cases where the algorithm misses. >> wework looking for a new ceo. candidates include the head of t-mobile. they stress the company intends to consider a large pool of potential candidates. that is your bloomberg business flash. nejra: thank you so much. boris johnson looking to capitalize on nigel farage's announcement he will not contest in 2019. the news sent the pound higher. goinginking seems to be that boris johnson, conservatives have quite a good chance winning that majority. the uncertainty goes away. should we be making an assumption that if that path comes to pass, the uncertainty will go away and that could be positive for sterling for domestic equities in for credit? u.k. has moment the seen the growth numbers are not great. rate andow its run what would be expected

. >> steve woll's wozniak chime. he even said the same thing happened to me.redit limit than she did. i aa plied by myself, so i don't know. lauren: are we hearing from goldman or apple today. >> goldman sachs released a statement, they said this has nothing to do with it, there's no sexism in oural our algorit. so there you have it. dagen: . deirdre: it sounds like an error on both companies' part. >> it seems a bit amiss. we have conversations about algorithms a lot. they're the secret formula to a lot of these companies. they're not made public. you don't get to see the decision tree that goes into the process. they made a statement. someone made an accusation, they made a statement. we have to say okay. deirdre: i know. all the people that work in corporate communications for both companies will have a bad week. >> they're going to have a bad day. they're going to have a bad time. lauren: and lawyers will be hired. deirdre: insta is changing e things. >> a lot of kids are feeling the pressure to get the likes and -- why? lauren: for the selfie. >> for the

been under the microscope since sunday, when a tech entrepreneur along with apple co-founder steve wozniak cried gender bias after the two men both said they got much higher credit lines of credit for their apple card applications than their wives did. the criticism has sparked a probe by a new york regulator. also, it has gotten the attention of 2020 democratic presidential hopeful senator liz warren, who blasted goldman sachs, calling its apple card algorithms quote, discriminatory. she now says the algorithms should be scrapped if these claims cannot be explained away. our next guest has been called upon by fortune 500 companies all over the world to spot and eliminate bias in their technologies and systems. we bring in catalyst president and ceo, lorain harrison live in a fox business exclusive. when you heard this, were you surprised? >> i was not surprised, because i come from silicon valley. in fact, myself, i was involved in technology since the mid '70s and bias is something that occurs with people, it also occurs with technology. but today, where technology is such a part of our

other people chimed in including the cofounder of apple, steve wozniak, who tweeted, and i quote.. i got 10 times the credit limit. we don't have any separate cards or assets. hard to get to a human. this is big tech in 2019. what he means by big tech, there is concern that the algorithms could be programmed to be discriminatory against gender. goldman sachs says that is not the case. they streeted independently. i tweeted a technician most likely a robot. i understand your concern, the credit limit is determined using your income and your payment obligations as well as your credit score and history we can reevaluate your limit later. new york regulators are looking into the matter. this is not the first case either, charles. they're looking into united health corporation, there might be algorithm scandal over there, they're possibly discriminating against whites an blacks in that situation. this is something we need to consider going forward as more and more companies use algorithms to cut costs. charles: silicon valley said algorithm can't discriminate. now silicon valley is com

apple co-founder steve wozniak is chiming n saying he was approved for an apple card limit ten timesan his wife. >>> happy veterans day to our veterans out there. most federal, state, county and city offices are closed today, and there are events across the bay area honoring those who serve our country. the 101st san francisco veterans day parade begins at 11:00 this morning in downtown. our own damian true hjillo will serve as the event's emcee. the full list of events on our website nbcbayarea.com. >>> the san francisco giants feature comes a little more into focus today when they introduce their young new general manager. the giants yesterday announcing the hiring of 33-year-old scott harris. he spent the past seven years with the chicago cubs, but he grew up in redwood city and later graduated from ucla. the team is is look fog replace bruce bochy and narrowed its search to three finalists. >>> every game is a big bun with you tonight for the 49er faithful they're gearing up for what may be their biggest game so far when they host the rival seahawks. >> a live loong at levi's sta