have to continue to operate if you were holding that data that's why you want to keep it separated but the other problem is what happened not just your health data but everything? there is a story about those that are looking out type of clothing you would buy are buying a larger size you are becoming overweight and they will be sure rate. how much you are getting divorced double the two stress and that means nightmare i presented the book everything you do can result in a be four-door punishment with a credit score so i feel like credit karma will tell you what it is to get alone. everything you do, your friends are, on mine, behavior, determining if you are a good citizen or bad citizen. as a bad yes. then that's what i worry about. when you lose your freedom. >> can trust trump to protect us what is top priority? thank you for protecting us. >> that agency they're trying to work on cybersecurity with that investigation and if you need those indictments they are detailed a lot of work went into investigating that. and then to help them manage the security and that is a

what do you believe the data will be for 4.0. d in terms of service what you think about skipping the term or should there be something more about opt in versus opt out? >> 4.0 it's hard to know exactly what it may be. i suspect a couple of the following things. artificial intelligence, the use of machine learning and speed to accelerate what's being done and to make it even more precise and perhaps to be predictive so that it's no longer a matter of people learning what you've done with them acting on what you're going to do. another thing i recently heard this called deep fake. it's the ability to take video and audio, merry togethe mary td fabricates what appear to be accurate and convincing audio and video clips that are totally fabricated so that you can come almost unable to trust what you see with your own eyes because people are manipulating it. as to the second part of the question, i think that this is part of what i am suggesting in the book that the ability to protect your privacy and your freedom by holding the data t

it is very powerful data. if you have the ability to work with experienced data person, or someone who has programming skills, there's a huge amount you can do with it. the nice thing about this five digit import data is it is very -- you know, you don't have to be -- you don't have to have any sort of math skills or data skills to go into these databases and pull up the right number and put a really useful number in your report. another thing i want to talk about really quick is because this keeps coming up in my reports. we get lots of questions from readers. one of the questions readers want to ask is how much money the u.s. is bringing in from all these tariffs. you can actually pull this number every month out of the monthly treasury statement. you can see right here, i highlighted it. it's called customs duties. that's the amount of revenue the u.s. government is actually bringing in from tariffs. and in may, it was 2.9 billion. now the important thing to remember about 2.# billion is the u.s. -- 2.9 billion is

or it can be sold to data broker who will go out and harvest different sources or data about you all of a sudden, this indefinitely stored and analyzed data from all these different collection devices get merged together and now they became available for analytical purpose for whoever bias and i think that's what takes even what goes on in public and makes it very different now than it would have been say 30 years ago when season public work exposed but they have a short shelf life and their ability to be used was limited by time and space. >> and that brings us to something that's really supporterred me and i'm sure many people, it's not only data analytics of being able to aggregate a bunch of data and analyze it and keep it forever, it's the webinizing of data. we have the ability to use very fast computers, to be able to look at someone who has been injured within hours and decide what to do for something that, you know, even just a few years they perhaps couldn't be helped because by the time the information went through the computer they were either too far gone or couldn't

have a responsibility and a relationship with that data and that customer from the beginning may mean that you as small chart-up will architect system in a way that allows the individual to access their data but the keeps data safe within the boundary of four walls of your house, i think people probably thought it was expensive to comply with environmental laws. i see this privacy and data issue as the -- as industrial companies in the last century saw environmental issues. it was something they had to fix, it was impact on the world. the analogy i always make is -- the general electric company and had to clean up the hudson many, many years after predecessors had polluted it in part. it had impacted the environment, similarly companies, digital companies and nondigittal companies that have individual data that either lose it or breach it are polluting the data environment, right, and so -- or they have a custodian responsibility and to treat data fairly and humanly and with dignity. i don't think it is outside in relationship to the risk it imposes and the harm it imposes to the individual wh

data to start. ating aware that you have responsibility and relationship with the data and the customer from the beginning may mean you as a small startup will architect your system in a way that allows the individual to keeps their data, but data safe within the boundary of the virtual four walls of your house. i think people probably thought it was expensive to comply with environmental laws. i see this vivus he and data privacy and data issue as industrial companies in the last century saw environmental issues. it was something they had to fix. it was their impact on the world. the analogy i make is i was at the general a lunch -- general election company, and they had to clean up the hudson river after its predecessors had polluted it. it had impacted the environment. similarly, digital companies and none digital companies that have individual data that either lose are pollutingnd the data environment. or they have a custodial responsibility. it is part of their social or and thesponsibility data age to treat data and the individual whose data it is fairly and humanely and with dignity. -- iply see it

that is important but more broadly you need to think about how you will treat the data not necessarily european customers but any customers that you have. but again for our company they have been thinking about this for many years. this is something that is baked into the dna of the companies that i represent so understandably it is not. one of the interesting things is you have a little more companies to think about not just the legal compliance perspective but a bigger issue how we treat our customers and what expectations do they have. >> what are the companies you represent? >> the global software industry like apple or ibm and microsoft and we have many wonderful members but basically we represent everything from a small software company. >>host: you mentioned several very large companies which probably have the resources to comply with these new regulations. does this hurt smaller companie companies? >> that happens a lot with us-based companies and that is something we need to watch out for. the intention behind the law was for those larger institutional players put them up agai

the us you as it does in the longer not today that a lame lame and read data. in a scene. from when ways they hold a relationship can have a very very good on one one explain who he said secretary. he also said that it will allow you luigi join join. exactly sources drill drill some young young considers it is located. he's he efficiency and often it is soon. talked on yes yeyes today. days a total. to twenty twenty one today today autopsy. and it's a it's a far from prime it. happened at the detect talk on the surgery. finally from the rest arrest women. it's a it's a some of the while also opt out as much retreat also searching out. bottles from the station the good news is is the traditional. prof trafficking of all chin chimps* regional shopping. it is. our business news. chinese or not been into highlight half turns right now [inaudible] the struggle. is a looking for a way out. of six outside [inaudible] president there are two argentina's president. and i don't deal the alleged gas ash. on to steve. fifty billion dollars already a lack. six genenerator anchor a and y

have your you know data set you can sell it to one company but you can also sell it to fifty companies if. it's an interesting project helping people to assert ownership of their online data well making some money in the process. now most of us have a bank account and some of us have discovered the name added on our balance sheet it is a dutch company that handles payments for global tech giants netflix facebook and even a from start up to industry unicorn that kind of success story is celebrated at a competition sponsored by at a major european tech conference we met this year to find out why size and gross matter. amsterdam is mellow in picture and it's also a high tech hub and hosts of the tech conference among the attendees are europe's fastest growing startups in scale ups many are here to impress potential investors they've entered the tech five competition co-hosted by young company that's already got through its initial make or break growth spurt. there is a certain level of buy hungriness in europe who build companies and people feel like you know procurement is out

have you, a question on data. a long time ago when i covered trade issues -- [inaudible question] is that something that is still around that you have seen? >> i don't know about that one in particular. there's a lot of trade data out there. and it can be really overwhelming. some of it, you need specialized data skills we need to be willing to spend hours and hours of days going through. i rarely have the luxury to spend days going to data. if you are trying to do something like a real detailed analysis of you know, what shipping company sends steel, maybe you can do but not in five minutes. >> in the back row. >> when you're starting out or even now, what do you have to do to go to in terms of having background knowledge or figuring out the context for different areas if it wasn't something ready covered or had expertise in. >> there are a lot of think tanks around town. the peterson institute. they mentioned that. they put out several publications and have lots of experts there. you can read up and other things.

let's say company a sends you data and company b sends you data, do you use that data to provide aggregate instance of a risk assessment on me because i may have claimed through a different insurance company. >> yes, we'll be aggregating data from all player in the markets that we serve which would be insurance and retail financial banking and global energy complex but in all cases, we are gathering data from all players and creating more or less industry standard solutions that everybody can make use of as they try to interpret it >> we would probably have some >> and you know it is me >> well, if we have enough time, we can go into it. >> basically in the modern world because we have to keep the data secure, one of the options that we have is to go well beyond sort of the standard ways of trying to keep data secure which was encryption and most people think about and there is a different level which is that we can tokenize the data. think of it tsa boundary of our data and the outside world when the data hit that boundary, we hash it up as it lands inside our data sets. your name and you

you. her heart was really i had on now now the seven any data. and and he's a how have a primetime tensions in venezuela alright. timeline highlights waiting waiting now. from the kk did you think that it is in this on france24 night night out we were having having a tentative vote at thehe same day i went out now. some s some virgigins isn'tt lettining them get g get. a i may namely our t that think a little bit. about t about leavingg [inaudiblele] yeah clickck six gololden ia and of course. structure and he's he's promised me to to talk to them for the things they six he he deal with often. story millions on son of the sex act he does. please don't say. no no hahas got he and it ws he's the season [inaudible] by. right right watch -- does remember that a majority. jack jack that is visit a sensee or more enough level site and this is tweet tweet makes exchange is years old like for example one of one changes is not that a drug drop. the crimes in the future all their changes [inaudible] inventing a is going to go to one of the and in in [inaudi

get to collect the data but you don't to collect it exclusively or monetize it alone. so like scientists now where scientists are being asked to deliver the data sets and conclusions so other people can see the data. you can collect what you want but everybody gets to see it. in india, there are saying we should do things differently and get companies out. europe is putting stricter regulations in place. the chinese are saying, why are companies powerful in the first the government should be in charge and beijing is basically telling its companies that they will congrehem in for a talk before congress we will simply say this wh you have have toosi do. we don't know what will happen next week on boundary. cultivate of how you imposeat is regulation producing wonderful things that are getting out of hand. talking about the story world war web where you can find it. online yesterday with the national security adviser john bolton talking about the larger issues of cyberwarfare and want to get your thinking on that as well be met so the director of the nsa with offensesop

the reality is, when you drill down into the data, murders are altar concentrated into a small part of the city where the population is dispersed. the first step is you have to talk about the problems not as citywide or national phenomenons but as hyper localized phenomenons. host: so when you talk about it, in if you look at the hyper local level, what are some of the contributing factors you are seeing? guest: to me one of the most important contributing factors is the lack of accountability for the criminal class in the cities. chicago in particular, you have too many repeat offenders finding their way back out to the street shortly after an arrest. or a very small amount of time in prison. in chicago the average prison arrest for shooting or homicide had 12 prior arrests. that's a jarring number. what it tells me is that the police are doing a relatively decent job of catching the right people will, but the criminal justice system more broadly has ,o reconsider their practices and thinking about how they can hold these people for longer peppers -- periods of time. host: so where do

have the most the best data you would have better resumes and the future of solutions is deeply motivated by i deficient intelligence also collecting the data table data security is becoming an even bigger issue than isn't it for sure yes and in my opinion everybody coming to us should be aware of the fact is especially in the internet they are is no service for free if you are using search engines for example we are providing data so on the first glance it may be a free service for us but in the second or in the sort lens. this empowers these kind of companies in the internet to make their algorithms better and better and we are giving free information to them and help them through those now you mentioned artificial intelligence already hollows ai impacting our our lives nowadays already . so it's pretty new seeing and. it's not a biology revolution so it's evolution and we have intelligence and. for example in the industry since decades what is new is that these kind of robots are getting more flexible and that means that they can also be used in domestic scenarios for

the annual leave trade data and then right now it was the six-month data breaking news as you may, six month data shows that thisfirst half of 2018 , from nafta deficit is compared to the first half of this previous year which is a compared to the first half of the laws last year though the trajectory is off.with that in mind, what is the administration trying to do? they're trying to get rid of the incentives for outsourcing. here's the thing. democrats have been fighting with their own president about trade and getting rid of the assessments the original nafta files. most of those president clinton. while the tdd number of votes to pass? all every one in congress was against it. so this is one of those things where the administration has proposed doing things that ironically labor unions, public citizens and democrats have been demanding those changes for decades. number one thing is to get rid of the outsourcing incentives and that involves getting rid of the investment protection, there's a provision called investor dispute settlement,slide on . i've been in there today into later.

you should have access to your data. >> but just in the general to figure out how to go forward internationally having gotten russia or china which is vastly different. thank you very much. >> was that a statute enacted by the european parliament? or was that by a regulatory agency? it went into effect in. >> the member of parliament said it formalize the laws and european that would be parliamentary live in a that? >> parliament. that is their congress in the eu. >> as i understand it it is the parliament in council from the members stays in the commission with the bureaucracy that looks that certification for cybersecurity products right now so perhaps this is a cumbersome process but the chance to intervene and have input to make sure that has happened. >> inactive the parliament to amend or change gdp are? thank you for allowing me to reject the mag i appreciate the discussion going into effect in the united states will show some leadership we should have some comprehensive policy it's hard to show leadership to the rest of the world and the largest tech companies are right

it relieves you of the burden of protecting data because if it is free, the hackers were so eager to teal free goods. they are already available. >> what is the danger and google knowing you are a runner and write books and you are a venture capitalist? guest co. i'm not a privacy paranoid. i don't worry about google or facebook or any of these companies knowing facts about me. however, the eye of eyes want to master my data. i want to own my own data creation content. google has about 55% of all music revenues from or music from market share in youtube but only pays about 13% of the royalties. it's the people who produce the content that have to mediate through advertisers and that model exploits the producers of the actual content as the foundation of the future. >> but isn't that just smart business? >> they enjoyed a huge bonanza for the second richest company in the world by giving things away for free but the model is coming to an end. >> host: what is going to be the downfall of the model packs >> guest: one is based on the data they know that there's a fundamental flaw in the

but you tell them the data is being mined fora but you tell them the data is being mined for a specificing surveys and answering questions, but thatis surveys and answering questions, but that is not the only way. imagine a scenario where you will get your netflix subscription for half the price if you share some data. there is so much ways of doing value exchange with people against their data, i think that will be a big thing go forward. brevity is such a big concern. i'm afraid we are out of turn. —— privacy. but very good to talk to. thank you for having me, thank you. in a moment we'll take a look through the business pages but first here's a quick reminder of how to get in touch with us. stay up to date with the business news on the business live web page. there is insight and analysis from a tea m there is insight and analysis from a team of editors right around the globe. and we want to hear from you too. get involved on the business live web page. 0n too. get involved on the business live web page. on twitter, we are @bbcbusiness. business live, what you need to know, when you

have to be very upfront with what you do with that data and you have to allow people to opt out the problem is that the more companies know about you and location is very important part of this the easier they can influence you it is important to know how to turn off location functions and tracking it should be easy it turns out that even if users of android phones and i phones deactivate location history google still tracks you via other apps. a.p. technology writer ryan i found this out there's a setting in google services called location history and if you turned it off. google said that the places you went would no longer be stored. we found that that's not true that other google services would pinpoint your location and save a tear google account there's a discrepancy between what people can understand and what companies are doing and i think a perfect example is you express your choices you were when the extra way and went through the preferences and decided you don't want your creation your creation to be tracked and a company is still tracking you googl

the whole problems that we had with cambridge and it also says that we have the right to see what data do you have and where is that data being used so in that respect it does make some strides but again only in that social media contacts yes very interesting that would be helpful i mean that two things one you talked about having the disclosure be something that's readable i remember in my old job i would say we should get rid of thirteen pages of disclosure and have something in thirty six point read letters that mean something so that consumers because otherwise you're just reading through this plethora of words that don't really mean anything no offense to attorneys they're important to have but consumers need to have the important information but which companies would be impacted by this of course facebook but other ones out there google perhaps well it's interesting under the act we have a term it's called computer online platform and that is any computer platform in which you disclose personal information about yourself so absolutely all the social media sites the twitter the facebook

the economy here in germany because you have businesses headed hesitating on investment decisions you data to come later on coverage probably they're also on track of all that very shortly with you thank you very much lisa potts in frankfurt. it's more good news but for the austrian capital of vienna which has been ranked by the economist as the world's most livable city it is the first time a european city has let the annual survey by the economist intelligence unit vienna secured an almost perfect score of ninety nine points out of one hundred each year one hundred forty cities are ranked by living standards crime transport and stability this year's ranking sees melbourne and australia dropping to second place after being voted the most livable city for seven years in a row and that's all for business expect assume you know of course following the breaking news situation that we're having right now that's right have your we've been following this story for the past hour a car has the crashed it's into security barriers outside the houses of parliament that is injured a number of pedestri

can delete your data anywhere . youcan figure other newsworthy stories that people have a right to consume and tax first amendment rights so the trick is making sure you are doing this in the right way and the approach taken in the eu is too broad.i agree for providers of facebook, it's your data and you should have a chance to have access to it . >> it seems to be just in the general sense, if we're going to figure out how to move more internationally on privacy, there's so many conflicts and we haven't even in my questioning got into what russia and china think your right toprivacy is . thank you sovery much . >> before i recognized senator peters, does the gdpr statute enacted by the european parliament's or was it written by a regulatory agency? i know just went into effect in may. who can answer that? doctor leahy. >> if you ask don philip albrecht who's the member of parliament and thefather of the gdpr, he says it formalizes laws of the european union . it would be parliamentary laws and there would be an eu -- >

so you just pay for data -- by the gig or unlimited. saving you hundreds of dollars a year. $300 back when you buy a new smartphone. xfinity mobile. it's simple. easy. awesome. click, call or visit a store today. >>> it is 5:00 a.m breaking news out of turkey, the turkish president calling for a boycott of some u.s. products. he's speaking in turkey now. >>> also breaking news out of europe the eu gdp just crossing we'll run you through their economy. >>> naming names tesla tapping top talent to help explore taking the company private. >>> bitcoin dropping below 6,000 for the first time in a month. all the others are down big as well >>> game over. tencent shares are tumbling in

data company. what is the opportunity that you see there? s been so much data unleashed, but it hasn't been proven that it can actually be useful. joseph: right. you highlight probably the biggest issue around data. people collect more and more data, but data without insight is pretty useless. the space they focus on is around machine data, so all these servers and devices that are creating things, how do you manage those and understand the health of those systems, how will they are performing. it's the dashboard to run the internet, if you will. they tend to compete more with a company called machinewhich is a data company. what they do is they are taking this terabytes, terabytes of data every single day, helping the companies understand what that information means. whether you are airbnb or marriott, both of whom are our customers, they use it to make sure they are understanding and managing the infrastructure they run the digital economy on. emily: talk to me about how you are harnessing the power of big data at gladly. the goal is to cha

i will have a link so you can get to that trade data more easily. a little bit throughout today but by next monday and tuesday we will have modules for all these sessions online and send an email with all that so you have access to all six sessions and the modules so that is going on today. i want to turn it over to sandy johnson and then we will hopefully be getting our first speaker right about then. >> maybe i will talk slowly to give the speaker time to get here. we take great pride in having our programs run on time so it is galling when speakers throw a wrench in the works. i want to thank our sponsors for appearing today, the auto alliance and global automakers, chris referenced the paul miller program. a wonderful program, if you have not heard about it it is about reporters who are new to washington and if one day a month over a 9 month program gives you all the background you need to report on washington, that is growth paul miller alumni. we have just chosen this year's cohort. the applications for next year's program will op

, we need data but i placed this call to ask the recommendations, if you take the data and put it back to congresspeople who ask for it, i am hoping the data would support the fact that we can do better in how we treat each other. >> host: anything you want to pick up on? >> guest: thank you for the call. as i mentioned earlier with this report we didn't make recommendations, providing basic information. what gao does is provide information so congress can make policy decisions that are in -- the best for this country. >> host: spring valley, california, go ahead. >> caller: my name is ernestine simmons and i was watching gretta goodwin, thank you for your service. i was wondering why you keep referring to immigrants as aliens. that sounds so inhumane, like they are from outer space somewhere. i'm not comfortable with that terminology. any reason you keep saying illegal aliens? the other question is why focus on mexico when there are so many other borders immigrants come across like canada, honduras, even sweden and all these other places? >> host: take th

it relieves you of a real burden of protecting data because if it's key they are so eager to steal those goods. what is in the danger of google knowing that your runner and you write books in your venture capitalists. i know that about you. >> and a worry about google or facebook knowing about anything. knowing the facts about me. i think i want that. i want to master my data. i want to own my own a data data and my own creations. google has about 55% of all music revenues and music from market share. it only pays about 13% of all of the royalties. it's really the people that produce the content. and that model exploits that producers of the actual content. the foundation of a google's future. a smart business. and they've have it. they've enjoyed a huge bonanza. the second richest company in the company in the world by giving things away for free. but the model is coming to an end. one is based on big data. they really know that there is a fundamental flaw in the big data machine learning ai. the philosophy and the heart of the google business plan. they believe that human beings no lon

you want data for all elementary? this will give you, for each individual school. the total number -- total chronic absenteeism, i will tell you for cleveland. seventy-five -- i will tell you for cleveland. seventy-five, and i did not do that on purpose. chronically absent students. five african-american students are chronically absent. that is 75 -- that five is seven% of their school. we have that by school, but i don't think this provided a summary of elementary, middle, and high school. >> that would be helpful. i did not have that information. secondly, while i support the vice president and the sense of urgency around this, i worry about zero-tolerance, because, already, we are seeing underreporting -- underreporting at the elementary school level. the feedback i get is there has been a recognition that this board, and the superintendent really want to see the numbers go down. in order to achieve lower numbers, people are not reporting. that is kind of an unintended consequence of having a really strongly articulated goal in this area. but i really want to be

aaron: are you looking for all the data, or specific data? wayne: the insider threat program, really only needs what it needs to do its job. you don't necessarily whenever every single piece of information about everybody. then, it does sort of start feeling like "minority report". a little creepy. what you want is relevant data that can point you in the right direction. somebody on the panel said something similar -- will focus you on where to look. one of the key points in the program is context. every single piece of information is just that, it doesn't tell you anything more than that. if you can surround it with other relevant data and put it into context, now you know where to look. aaron: so how far can we get to context using technology? as we mentioned all day today, you need people in the process. how far can we get to break that data down, with technology? wayne: technology becomes very important. if you only have 12 people in your company, am thinking one or two of you can sit down weekly with a pen and paper and figure out what yo

a telecommunication provider that agreed to carry free basics, it does not count against your data and you don't get charged. in countries where data is expensive and people pay month to month it makes sense and you use the suite of applications. it happens to use facebook and what's apps improved by facebook. that means in places like cambodia and the philippines and me and our, facebook is the internet. in a place like myanmar which just got phones and only recently got any sort of internet connectivity facebook is essentially the entire media ecosystem. not coincidentally it is the site of horrendous genocide against the muslim minority population. we have seen this sort of thing time and again around the world, most brutally in myanmar. one thing to remember, 2.2 billion. i mentioned it before, the most important thing to remember about facebook in february 2013, facebook had 2.2 billion users around the world. nothing comes close. the bbc doesn't have that many listeners around the world, cnn international doesn't have that many viewers around the world, that is a stunning number. tha