i think we need to push the telephone companies, telecom to implement the technology and the name of consumer protection and i will be following the ftc's work with great interest in this area. senator mccaskill. >> while we were talking i went on to file a complaint and pretty straightforward. there's a lot of good information when you go to the homepage and just put an ftc robocall complaint and it allows you to link through. the one thing i don't find this please file a complaint because it helps us catch them. >> that's a very good point. >> you know, i think ms. blase made a point. you are barely, barely hitting the tip of the iceberg in terms of these complaints and i think there are people out there like ms. blase who obviously is my favorite goodness we've had in like forever because i can tell you are my kind of woman. no non-sense, rack them up, let's get this thing solved. i think there are a lot of people out there like ms. blase who if they knew that filing this complaint but hope you find these guys and catch them, they would be much more interested in going through the

the national security agency, the nsa, and telecom company at&t. the new york sometimes is basing its report on document provided by former nsa systems analyst, edward snowden. att gave the nsa access to billions of e-mails. the payment also said the company provided technical a assistance in wiretapping. >>> now to decision 2016. donald trump may have upstaged his rivals again with his arrival at the iowa state fair yesterday. the republican presidential front-runner flew in on a campaign helicopter, stamped with his name. trump led the media on a slow speed chase on a golf cart. hillary clinton was also in iowa and tried to get her voters out. her chief rival, bernie sanders, told a crowd of supporters that the momentum his campaign has seen is real. the obamas and the clintons are sharing some down time at a top vacation spot this weekend. president obama and former president bill clinton golfed together on martha's vineyard yesterday. last night hillary clinton joined them at an 80th birthday party for civil rights leader, vernon jordan. presid

guest: it will pull the windngs of 3 italia and telecom. profit despitea the biggest product recall history. income was $25 million. they also raise sales forecasts. the airbags can rupture and fire shrapnel into the cabins. costs rose 22% last quarter to $400,000. row,he second month in a or cedi's defying a slowdown in china, seeing a 42% search in deliveries. global sales of 15% on year despite a warning from bmw that china is becoming more difficult. that is a check of the top corporate headlines. our next guest runs the asian operations of aviva, the u.k.'s second-largest insurer with 3 million clients in the recent. they released results yesterday with first-quarter profit up 9%. chris, welcome to the program. congratulations on earnings. how about asia? >> pretty well. we are happy with the progress we are making. hismetric we focus on business, up 18% year on year. the protection business is the one that grew the most. what led gains? >> our biggest contributors are singapore. we have multi-distribution channels. in china, we have a

there's two different titles in the telecom act for dealing with these entities. and yet they were both providing internet service. and the complaint was we're providing internet service under different ground rules, this isn't fair. the question is what to do. one possibility might have been to get congress to adopt an internet title that was appropriate to the internet technology. the choice that was made instead was to treat internet as if it's just an information service that had no layered structure, had no telecommunications component. it was just an information service, end of story. well, that led to -- that's an unregulated title. so the fcc rule was completely removed. tom chose a third path. and that was to invoke the title 2 which had been -- the fcc had the authority, in my view, remembthey had the authority to decide it was title 1. they have equal authority to decide no, no, it's really title 2, but constrained. significantly. so what's the issue here? well, now under this current rule they have a basis for taking action if they think that the neutr

there are two different titles in the telecom act for dealing with the entities and they were both providing internet service and the complaint was they are providing it under different ground rules and this isn't fair. and the question was what to do. the question was to get the congress to adopt an internet title appropriate to the internet technology. the choice that was made instead was to treat internet as if it is just an information service that had no layered structure, no telecommunications component and just an information service, end of story. that led to an unregulated title and so the fcc role was completely removed. tom chose a third path and that was to invoke the title two which have been -- the fcc had the authority, in my view, remember, aml, right, they decide it is title one and they have equal authority to decide no it is title two but constrained significantly. so what is the issue here? well now under this current rule they have a basis for taking action if they think that the neutrality rules have been violated. however, there is some potential forward-looking risk.

in europe they don't have the telecom infrastructure that we have in the u.s. so that authorization of transactions in europe actually doesn't take place online, it takes place on the device. here in the u.s. every time you swipe your card, that card transmission goes to the network for authorization, and it is done online. there's actually a realtime authorization that takes place. your card issuer sends a message back to the issuer. in europe they don't have that telecom infrastructure like we have here, so they needed to develop a technology that would allow the aption traction to be authorized on the device, on the hand-held or merchant-located terminal. the pin, actually, is authorized by the credit card terminal in europe which says yes or no on behalf of the issuer, because the issuer can't get that realtime message. so chip and pin are deployed elsewhere outside of the u.s. because that's the only way to authorize the transaction. here in the u.s. we did it without p pin because the transaction is actually authorized online. i thought that history was k

the french telecom company reported weaker than expected profits. cuts.ns to widen its cost estimate alders reduction in dividends for the year. a supergiant natural gas field off the shore of egypt and 900 billion euros of value has disappeared. what is the best performing stock? 20%.etting company up by there are the details. back to you. alix: thank you. ofre isno shortage speculation on when they will raise rates at the vice-chairman said that inflation is poised to move higher. china does notin necessarily translate to a hike delay. germany is on the phone is the weeking director, who last said the fed will forgo a september rate hike and raise interest rates in march of 2016. that note when it came out last week. i was very surprised by the revision after mr. fisher's comments and the weekend. do you still feel that way? >> we do. when china liberalized its exchange rate, we saw that weaker asian currency would not be enough to shift the fed off of a september hike in his the , we felt that the committee will take notice and higher uncertainty

the s&p is down just nominally here with banks and telecoms being the biggest weights. the nasdaq has turned positive, in the green just marginally after the index fell nearly 2%, which is quite a reversal. stock stealing and renewal energies are the biggest gainers, but the dow is still down, and there's further sign it may be headed for a longer-term decline. this is the gpo unction if you want to follow along on your own terminal. i talked about this yesterday. i want to have you take a look over here. this is the so-called death .ross basically, the 50-day moving average, which is represented by the purple line here, has fallen below the 200-day moving average represented either yellow line. when that has happened in the past, like in 2011 and 2007, the dow has fallen even further. today, we are seeing that fall in the dow as well. the blue-chip index now has closed below the 200-day moving average every single session thee july 23, and that is longest streak since the u.s. stock market's last correction in the summer of 20 11 when standard & poor's stripped the u.s

in europe they do not have the telecom infrastructure that we have in the u.s.. so that authorization of transactions and europe actually does not take place online. it takes place on the device. here in the u.s., every time you that -- swipe your card, car transmission goes to the network for authorization, and it is done online. there is actually a real-time authorization that takes place. your card issuer sends a murder -- message back to the merchant. in europe they don't have the infrastructure, so they can't authorize it on the network. they needed to develop a technology that would allow the transaction to be authorized on or device, on the handheld emergence located terminal. that is where chip and pin came in. the pin is actually authorized terminal,dit card which says yes or no on behalf of the issuer. deployedpin are outside of the u.s. because that is the only way to authorize the transaction. here in the u.s. we do it without that because it is actually authorized online. i thought the history was kind of important. again, it's not an answer as to wh

only utilities and telecoms spared from the drop. the dow resumed its drop with 24 out of 30 members falling and day-to-day worker productivity rose less than expected over the second quarter, which raises questions over growth and inflation. joe: it was not just a u.s. story. this morning the big story was china devaluing the yuan. that celticomakers china fell. airlines with dollar-denominated debt got crushed. all aroundly day for the world. lots of interesting stuff to talk about. stuff tointeresting talk about and you've got some stuff on the bloomberg terminal. joe: it was not an all ugly day. one of my favorite data points -- the small business survey where they ask small business people bunch of questions about the state of business. this white line here, this is the percentage of businesses that say they are giving workers higher wages. that is a really nice uptrend. still not as high as it was a couple months ago, but there was a lot of monthly noise. the point is, that is a really nice uptrend. the averageine is hourly ear

some of the telecom players, verizon. you could purchase 10%, 5% cheaper today than a few days ago. that is a company not going away. it doesn't have a lot of foreign exposure and a big dividend and we consider safe. on the flip side, a little bit of higher beta trade, if you will, we have purchase puts on volatility because we think a three standard deviation move on the vix is probably not sustainable longer term. >> what maturity of those puts? are you betting on it going away tomorrow? >> no let's say october. that is something we think is sane. >> jeremy, thanks for joining us. jeremy hill. about six minutes to go in this session. potentially another historic one shaping up as the dow is now down 60 points. if we close negative, the reason that's significant is we haven't seen a negative close after a sharp gain like we had this morning since october 2008. y shd years of citi history matter to you? well, because it tells us something powerful about progress: that whether times are good or bad, innovators with great ideas will continue to drive the world forward. as log as they

the effort has relied on the agency's extraordinary decade-long partnership with telecom giant at&t. the newspaper says while it has been known for sometime american telecom companies work closely with the spy agency, newly disclosed nsa documents show the relationship with at&t has been considered unique and especially productive. lauren: the apple cart may be further along that we might have thought. correspondence obtained by "the guardian" newspaper show apple engineers have met with officials from fomented station, a naval base near san francisco's best serves as a very highly secured super secretive testing ground for driverless cars. 20 miles of highways and streets. why would apple want that? if apple wants to test his driver was cars on public roads in california, he needs to get a permit and that would require to reveal details about its secretive applecart project. they might be testing there. dagen: google and google are hired all those engineers are carnegie mellon develop that technology. lauren: i am not ready to hand over my car. dagen: no. donald trump handing over a

if you're an authoritarian ideological regime, you do know don't what to cede control of the telecom industry to know kia or not -- nokie or not -- noki for an outside companya. likewise, the difference between iran and some of the other countries in the region is that i would argue this regime is actually -- has actually fear the growth of the private sector in the country. they will not see political control to their adversaries. that is why trying to open iran up economically is helpful to those forces that would to see changed. but i think we are naive if think the hardliners will of -- was if we open up the doors and potentially we can their hold -- weake their holdn. there was a woman in the front. >> shanta, on the gravity model results china was not in their. -- there. an implication of the time had cut trading with iran. >> thank you. and there was a lady here. >> from a commercial perspective, once implementation passes, there will be a whole lot of trade i can go on for non-american companies versus american companies. to five years,ee how do you see the agreement affectin

>> it takes us back to the old telecom days where lucent was financing the sealex to buy their equipment. >> let's circle back to the big integrated names. you don't like shell? >> i don't like shell and i don't like chevron. >> why pick those two? >> we are really bearish, separate viewpoint on energy price, on the lng space. had this is going to be one of the great white elephants over the next five years. similar to what iron ore and coal was over the past five years. the reason is the same thing, everyone is building capacity very quickly. there's been about 280 million metric tons, i think i'm getting my metric right in place globally. demand has been 240 million for the last three years. flat. it has not grown. we are going to go with what's on target now, that's going to be completed, globally to have 480 million metric tons of capacity, next handful of years, so capacity is going to go up by 70% with maybe no increase in demand. prices in asia which everyone benchmarked which had been $16 to $18, per million cubic feet is now $7. these plants are uneconomic. and that is, that is

the former finance minister told the bbc that the bailouts won't work. southeast asia's biggest telecoms provider beat estimates. increased competition brings new challenges to the company. telcom industry is undergoing a lot of challenges. competition is not just a convention. increasingly, from the top players, we lost a lot of our revenues, voice revenues. a big challenge is transforming our business. as we look at increased competition in singapore whether from an operator or mobile networks, we have to make sure we do more of what customers like. meaning, giving them high speeds, great connectivity, great service, innovative products. in sh ort -- short, don't give them an excuse. >> we are talking about a mature market, most people already have two mobile phones. what is in it for current players? used hasbile has changed significantly. internet,about mobile not only use it to communicate, it is also for work, all your e-mails, and entertainment. >> are you saying there needs to be a shakeup in the industry? >> basically, you need to have the best

the national security agency, the nsa, and telecom company at&t. the "new york times" is basing its report on document provided by former nsa systems analyst, edward snowden. according to the times, at&t gave the nsa access to billions of e-mails. the paper also said the company provided technical assistance in wiretapping at the united nations headquarters. >>> now to decision 2016. donald trump will release his immigration plan when he appears on "meet the press" this morning at 10:30 here on nbc 10. the republican presidential front-runner appeared to steal the spotlight with his arrival at the iowa state fair yesterday. trump flew in on a campaign helicopter, stamped with his name. trump led the media on a slow speed chase on a golf cart and posed for selfies along the way. hillary clinton was also in iowa trying to get her message out to voters at the state fair. the democratic candidate spoke about her e-mail controversy insisting she's done nothing wrong. her chief rival, bernie sanders, told a crowd of supporters that the momentum his campa

and telecoms are the only ones in the green and have been all day. materials and information are down 2%. downmation technology is and are the biggest losers of the day. energy earlier had been the biggest loser. looking at material producers, they are getting hit i the currency valuation as well. freeport mack brown, down 12.8% right there. this is the world's biggest publicly traded copper producer. the lowest since december of 2008. the biggest library in the s&p 500 today. their worst day since november of 2013. also, a look at this consumer stocks, a huge array of them actually. this is according to our own bloomberg data. yum! brands, for example, companies like taco bell and kfc, down by 1.3%. they get 36% of the sales from china. herbal life gets about 20% of its exposure from china. is down bysee, that 1.7%. apple, not having a great day at all. lows, thishe session is because ubs says they are seeing lackluster interest in the apple watch and predict that apple will sell about 20 million watches. quickly approaching a seven-month low. every

with the cuban government? >> since 1992, u.s. companies have been able to export health care products to cuba. and they do but the numbers are primarily very, very small, u.s. products are expensive, there are requirements in terms of monitoring the use of the equipment but it generally has to do with price. u.s. agricultural and food products have been eligible for export since 2000 and from december 2001 through june of this year $5.2 billion in food and ag sales have taken place. mostly bulk food commodities and those are on a cash basis because u.s. requires it. cubans don't like it but they did make purchases. however during the last nine months, cuba purchases food and ag products are down about 40%. so you have president obama making the announcements in december then providing regulations for those initiatives, somebody in the americas off the sanctions list, embassy's reopened, secretary kerry to cuba but cuba's buying less today than they did nine months ago. >> yeah. >> and that's something we're al

the documents date from 2003 to 2013 and reportedly detail the telecom company's relationship with the n.s.a.. an at&t spokesperson says they don't comment on issues of national security. >>> yellow taxi drivers hit the streets yesterday but not in their cabs. >> we want justice isn't. [chanting". >> they gathered at the taxi headquarters to rally against competitors like uber. the protesters complain that app-based services unfairly cab drivers and are in business to study the situation rather than take immediate action. >> there are multiple issues that need to be resolved. these people that stand here today have are everything on the line. they can't wait four months. they want answers. they demand fairness, respect and justice. >> the demonstrators are part of a newly formed association of drivers. >>> julian bond has died. bond was born the grandson of a slave, while in college. bond spent nearly two decades in the legislature before becoming the head of the naacp. president obama released a statement saying julian bond was a hero and i'm privileged to say a friend. his wife says

here are the ten sectors that make up the s&p 500 index, the interest sensitive utilities, the telecoms are positive today. kelly, i'm interested that energy is not the biggest loser of those sectors, materials are. >> right. >> and technology. >> we saw this last week, too, bill. so interesting. these big moves and yet the sector itself holding up. you have to imagine a lot of capital flowing in as people hunt, maybe, for opportunities. >> sensing value there. >> let's get out to bob pisani. >> you just had the key story here. the dow has been down more than 200 points all day. it's tech and materials all week. i'll show you why. this is where hewlett-packard trades and corning. hewlett-packard has 11% revenues in china. volume is on the heavy side, heading towards 7 million, 8 million shares. same situation with corning. they have about 20% of their revenues in china. that's down about 3%. again, the volume is veering towards the heavy side. even a big company, come over here, ibm which is right here. they get 11% of their revenues in china. volume here, i would say it's on the modera

national security agency, the nsa, and telecom company at&t. the "new york times" is basing its report on document provided by former nsa systems analyst, edward snowden. according to the times, at&t gave the nsa access to billions of e-mails. the paper also said the company provided technical assistance in wiretapping at the united nations headquarters. >>> now to decision 2016. donald trump may have upstaged his rivals again with his arrival at the iowa state fair yesterday. the republican presidential front-runner flew in on a campaign helicopter, stamped with his name. trump led the media on a slow speed chase on a golf cart and posed for selfies along the way. hillary clinton was also in iowa and tried to get her voters out. the democratic candidate spoke about her e-mail controversy insisting she's done nothing wrong. her chief rival, bernie sanders, told a crowd of supporters that the momentum his campaign has seen is real. the obamas and the clintons are sharing some down time at a top vacation spot this weekend. president obama and for

the french mobile telecoms reported weaker than expected profits. plans to widen its cost cuts in his generation unit, according to people familiar. and the italian oil company said it has discovered a supergiant natural gas field offshore egypt europe, 900 billion euros of value that has to sit. performing best stock in europe in august? the betting company up by 20% that plans to merge with others. back to you. betty: now a look at the other top stories this afternoon. along salefive-year streak may be coming to an end. they increased sales for 64 months in a row. it is in jeopardy because of a calendar quirk that pushes labor day weekend and the sales that come with it into september. last to the holiday weekend made up 20% of august sales. suzuki will not go it alone. arbitrators have upheld requests withrminate an agreement volkswagen. site, video streaming more than 400 channels of facebook for free. he will get the most popular tv shows, but you will be able to programs like the best of john stewart. that is a look at the top stories this hou

people -- their mobile phone provider but that doesn't stop the telecom companies from trying to win you over. sprint trying to get the edge over at&t and verizon today with an offer of new iphones for life. we'll break them down and see which wireless offers the best deal and the best investment. stay tuned. the promise of the cloud is that every organization has unlimited access to information, no matter where they are. the microsoft cloud gives our team the power to instantly deliver critical information to people, whenever they need it. here at accuweather, we get up to 10 billion data requests every day. the cloud allows us to scale up so we can handle that volume. we can help keep people safe; and to us that feels really good. you totalled your brand new car. nobody's hurt,but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do, drive three-quarters of a car? now if you had liberty mutual new car replacement, you'd get your whole car back. i guess they don't want you driv

telecoms down by 1.3%. utilities and energy and now information-technology have switched into the green. energy up by 1.3%. one of the biggest gainers for the day. let's look at notable energy risers, the energy select sector percent.r at 1.3 well, almostp as hitting the .9% mark. you how one-way fare is doing, the online retailer reporting earnings narrower than expected. -- stock prices jumped by 26%. earlier today, it was 15%. in the premarket, it was up by 2%. wayfarer was expecting a loss of $.27, that turned out to be a loss of just $.15. over to homebuilding, look at dr -- up by 1%. the stock up after ubs made a bullish call, upgrading shares to a by from neutral. an optimistic outlook on housing and looking to the millennial generation coming-of-age and buying homes. up-to-date -- finally, the maker of led products shining brighter come up 9.4%. notching it best day since october 2013. revenue be estimates -- beat estimates. earnings were significantly lower. cree says those numbers are not comparab

ahead at 6:00, a new report reveals how much one our nation's largest telecom companies helped the federal government spy on americans. >>> a bay area microchipmaker has a plan to help get one of the nation's small i.s. minority group friday into the tech industry. >> the first ever "star wars" spinoff movie will be a prequel to the original "star wars." >>> a new report says at&t plate a big role in helping the national security agency spy on people's internet use. "new york times" reports the company handed over billions of e-mails to the nsa from 2003 to 2013. the information is in documents, former nsa contractor and whistleblower edward snowden gave the "times." the report says at&t helped carry out a secret court order to wire tapp all online communications at the united nations. at&t says it does not comment on issues of national security. >> intel is making good on a promise to help more women and minorities get jobs in tech. it latest move, large donation to three navajo nation high schools in arizona. intel is giving $250,000 a year for three years, in hopes of inspiring kids to

ahead at 6:00, a new report reveals how much one our nati's largest telecom companies helped the federal government spy on americans. >>> a bay area microchipmaker has a plan to help get one of the nation's small i.s. minority group friday into the tech industry. >> the first ever "star wars" spinoff movie will be a prequel to the original "star wars." >>> a new report says at&t plate a big role in helping the national security agency spy on people's internet use. "new york times" reports the company handed over billions of e-mails to the nsa from 2003 to 2013. the information is in documents, former nsa contractor and whistleblower edward snowden gave the "times." the report says at&t helped carry out a secret court order to wire tapp all online communications at the united nations. at&t says it does not comment on issues of national security. >> intel is making good on a promise to help more women and minorities get jobs in tech. it latest move, large donation to three navajo nation high schools in arizona. intel is giving $250,000 a year for three years, in hopes of inspiring kids to

. >> fire crews were able to knock down the fire quickly and chp shut down both lanes of the highway until just after noon. >>> still ahead on abc 7 news at 9:00 a report reveals how much one of our nation's telecom companies helped the federal government spy on americans and the first "star wars" spin off from the people who brought you underwhelming internet speeds. and the people who brought you temperamental satellite television. introducing... underwhelming internet speeds and temperamental television... in one. welcome to the moment no one's been waiting for. the fastest internet and the best tv experience is already here with x1. only from xfinity. >>> a new report says at&t played a big role in helping the national security agency spy on people's internet use. "the new york times" reports the company handed over billions of e-mails to the nsa from 2003 to 2013. the information is in documents, former nsa contractor and whistle blower edward snowden gave the times. the report says at&t carried a secret court order to wiretap communications at the united nations. at&t says it d

utilities and telecom, two of the dividend-paying sectors. the more defensive leading the way higher. as for losers, health care one of the biggest winners the past couple of years was the biggest decliner. biotech not helping the cause there. financials an interesting story there. the second biggest sector in the s&p 500. consumer discretionary down 6%. the cboe volatility index, over the past year-to-date, you can see that huge spike there. we got close to around that 50 level. we've begin some back. some of the biggest gains we've seen, the biggest month gain for volatility over the course of when records have been kept going back towards 1990, but to put a lot in context, remember that oil price move was huge. 27% in just three days. that's a massive move higher. we'll keep an eye on september and see if it shows that bid of volatility. right now we are seeing at least in august that some traders will want to forget. >> great perspective. thank you. we had about 250 million on the close. it was due to month end repositioning. september, w

technology has been leading the way higher, telecom and financials, tech and financials, the two most important sectors in the s&p. and look at the small cap stocks, the russell 2000 index. showing signs of life. but the momentum coming out of there. the russell 2000, which had been outperforming on some of the down days, up only by .5%. and the 10-year yields, we are seeing a little bit of movement here. but still, up and down around a negative point here. 2.13%. we haven't seen that much of a change. that battle still playing out. >> it certainly is let's get to the desk on the battle. the big question despite the rise we see in stocks, all the carnage we have felt over the last week or so a healthy correction or the end of the bull market? josh, what do you think? >> the only way a correction could ever be healthy is when you're looking out of the rear-view mirror or talking about a theoretically before it starts. while you're going through these things, they're never healthy. the dislocations are really scary. when you're going through them. and if you think about the last three d

legionnaires since august 3. >>> a new report is detailing the relationship it telecom jientsz at&t and the -- giant at&t and nsa. towments provided by edward snow -- documents provided by edward snowden show a relationship between nsa and at&t over the course of a decade. snowden is the former c.i.a. systems analyst and whistle espionage. the report says at&t led the way in fact in data collection in 2003 forwarding 400 billion metadata records to the spy agency. "the new york times" also reports at&t was involved in a broad range of classified activities, including spying on communications at the u.n. headquarters. >>> coming up on eyewitness news on a sunday morning, the death toll continues to climb after a series of explosions and massive fires rock china. we have the latest. >> and meteorologist amy freeze will be back with us to ah, this lucky boy... he has no idea what's coming. my taste - so huge, yet so unexpected. i'm like a boxer in a ring. a small boxer. you don't expect much... and then, wham! i hit 'em with a whole lotta creamy goodness! left! right! uppercut! leaving tas

i'm in the telecom business and mobile carriers. carriers are getting rid of subsidies on the phone. the reason we don't subsidize the phone cost to do it is 15 months out. bring your own device. what will really happen now is, you will see pc business totally go down. you will see people, people now spending full price of phones, they will spend money on devices, instead of pcs. now the big push here is, the plus. because that 5.7-inch is a lot bigger. we saw it work? china. there was no subsidies in china. i thought maybe that would hurt them. it didn't hurt them. they went out and bought them and the fablet which is bigger -- stuart: hold on a second. if you're predicting that september the 9th. you're suggesting this is very good for apple. >> very good for apple. stuart: the stock is up two bucks but nowhere it was in mid 130s. >> no. only reason it is not, i'm not one of those guys that will tell you apple is undervalued. the reason, they have to keep coming out with new products. but as they build stickiness with the pay, wit

they are staying for it we have one of the highest drops in the history of telecom in the u.s. in such a short period of time. the way we will compete us by launching different services like iphone forever. vonnie: all right, but in the larger scheme of things, is there some kind of deal in the works? why would softbank again increase its stake? it was below 85%. marcelo: that is their prerogative, but if they believe sprint stock is highly undervalued, they will continue to invest in sprint. they will continue to provide us the support they have been providing. massiven the verge of a spring turnaround, and we feel very good about our prospects, we feel very good about the huge are, and that is why softbank continues to invest in sprint. claure, ceo,elo seller rating his year anniversary at the helm of sprint. thank you so much for joining us from kansas. our twitter question of the day, we looked at the news flow on walmart and amazon. who treat their employees better -- amazon or walmart? let us know about how you feel about american labor. this is "bloomberg surveillance."

but it is not done that way in the west but it is telecom reason. when emv was first deployed 20 years ago a europe that was the first implementation of electronic authentication of credit-card transactions where in the u.s. our implementation of electronic authorization was with the magnetic stripe with the technology of cassette tapes that is 40 years old. in europe they don't have that telecom infrastructure that we have in the united states so that transaction doesn't take place on line takes place on the device here in the neck u.s. retirees like your card there is a realtime authorization that takes place to send of message that the transaction is authorizing in europe they don't have that telecom infrastructure so they could not authorize a on the network so they needed a technology to allow it to be authorized on the device the hand-held or merchant located tarot. it is actually author raised by the terminal in europe that says yes or no so that is deployed because that is the way to authorize the transaction we did without the pin so i thou

this tuesday, he will join a telecom company. reporter: in illinois, the state is unable to pay the lot erie winner who won $250,000. we have one winning lottery ticket. illinois is in a budget crisis. officials say they cannot pay any lottery winners who won more than $25,000. this budget crisis affects a lot of people, students are having to pay back grants and big, big w [captioning made possible by democracy now!] amy: from pacifica, this is democracy now! >> i am horrified and heartbroken as refugees and migrants are using their lives -- losing their lives. we have seen countless tragedies, most recently, a grim discovery of more than 70 people who suffocated inside a trunk in austria. amy: as another ship carrying

or reforms that were -- are being badly implemented or are insufficient as the case of telecome's reform or education reform, but i think the foundational problem was that they were built upon corruption and are being undone by corruption, because the idea was not to make the pie bigger. what we've seen now is that the project was to slice it up in a different way. that what was wanted was not real competition but rather state administered competition that would continue to shore up mexico's system of crony capitalism just with other cronies, and that the project wasn't about combatting impunity but rather taking advantage of it for this group that came. so there's a sense of malaise, of crisis, of social indignation, of ungovernability in which, yes, the pri wins, or did win the midterm but does not convince even after 11 structural reforms that have failed to take off. and when i referred to the depreciation of the mexican peso because we don't call it devaluation anymore or at least not now, many have argued this has to do more with what's happening with the american dollar, et cetera

also a couple of mills in south africa, any of the french te telecoms reporting, these giant utilities there's a concern about where we are on the dividend for them after all the recent losses they've had. and then we finally take you to greece where, of course, you're now campaigning for that snap general election. it would appear, according to a host of opinion polls that we had over the weekend, that this guy's margin of victory in the election is looking pretty slim bearing in mind that syriza had a leave of about 15% back at the beginning of the summer. now these sorts of polls coming through, that's the lead for the conservatives, he can probably increase the number of seats the majority has in the parliament from, say, seven to eight or nine, but if you get a further deterioration on this, you may find that the election result gets more messy than investors have been banking on. one of the major reasons, carl, why the polls are not stronger is because a lot of people are upset that he called the snap election. >> in an environment where there's a feeling greece is in crisis. the

yes, sales can down by 1% for the whole company, but wait, telecom is doing nicely indeed. upping their profit target for the year. remember, it rejected the $11 billion offer on the table in june. it's charging up some 6% and reining in spending. the we will be going into detail a little bit later. asia is still a weak point china in particular and the u.s. is taking a charge on the week market their. -- go molto -- 5.3%.o up -- down second half, closure of the u.s. payments service. that will limit their year on year growth but they see double-digit growth for the full-year profit. are not liking the fact that they have miss this. hyde trying her hardest to find some red ink. europe's highest flying equity this year. it seems the equities from emerging markets. investors have been piling into the wind turbine which was the best performer on the stock 600 until now. new era has more on the story. talk me through. >> what we have seen is a drop of 22% since the end of july. this is notable because previous to that the stock had more than doubled. with happening is investors

the market liking that to the tune of 7%. telecom italia is slightly higher. legal charges weighed on the top line. this was the first energy report since it became the largest investor. overall shares flat now. it's off 2.85%. sales did beat forecasts in the first half after a week start to the year. the luxury shoemaker saw strong sales in north america and south america as well. markets benefitting from favorable currency moves but overall disappointments headed there and investors selling off more than 2.5%. >> sterling still under pressure after losing over 100 against the euro after the super dovish bank of england meeting. the governor said this morning the central bank is in no rush to raise rates and hit back at claims to boe rhetoric. this after only one member pulled the trigger this time around. still with us, head of g-10 research. a less than hawkish statement from the boe. >> yes. indeed. it came under pressure. u.k. fixed income market also supported. it highlights the fact that it will be difficult for the boe to be hiking rates any time soon

the areas in particular pharmaceuticals, and telecoms. and some of the banks like life insurance and car insurance. >> and they should is benefit from the rising rates? >> banks in theory will be a beneficiary. but i think the textbook might need to be slightly thrown out. the textbook says rising rates equals good for banks. i think the markets may anticipate that a little bit so it has been raising. but i think given the starting point is 50 basis points you know, we've never been here before and given any rate rises are going to be quite modest. >> eric thank you so much for that. eric moore, fund manager at mikon. >>> germany, second largest learned reported profits almost three times higher than the previous years. the company's chief executive hailed the bank's turnaround strategy and awarded shareholders with the first dividends in eight years. and that's a blessing. he's been at the helm throughout the financial crisis that in itself is a big achievement. >> i think the market is welcoming this. there are a couple of tax effects i

utilities and telecoms are the only ones in the green. , the usualis lower suspects -- energy and materials, materials being the biggest loser, down by 1.7%. the energy sector is down 15% in 2015 alone. let's look at some specific stocks and some of the notable losers on the day are these three general motors, tiffany, apple, companies that rely heavily on exports to china. gm is down 2.9%. downny is down 1%, apple 2.5%. gm is having its worst day in a month after auto sales out of china fell to a 17 month low. matt: devaluing the currency does not help. ramy inocencio, thank you for that. let's get a check on the latest headlines. second-quarter sales fell for heinzfinds -- for kraft major businesses. the computer security company symantec is selling its data storage unit to the carlyle group, the deal valued at $8 billion. inantec brought veritas 2005. america's healthy eating trend is not hurting bacon sales, even though two thirds of its calories are from fat. one analyst said it is because people are putting bacon on anything. those are your top stories at this hour. whether it is netf

or reforms that were -- are being badly implemented or are insufficient as the case of telecome's reform or education reform, but i think the foundational problem was that they were built upon corruption and are being undone by corruption, because the idea was not to make the pie bigger. what we've seen now is that the project was to slice it up in a different way. that what was wanted was not real competition but rather state administered competition that would continue to shore up mexico's system of crony capitalism just with other cronies, and that the project wasn't about combatting impunity but ratr taking advantage of it for this group that came. so there's a sense of malaise, of crisis, of social indignation, of ungovernability in which, yes, the pri wins, or did win the midterm but does not convince even after 11 structural reforms that have failed to take off. and when i referred to the depreciation of the mexican peso because we don't call it devaluation anymore or at least not now, many have argued this has to do more with what's happening with the american dollar, et cetera,

and telecom giant at&t. that's it for this edition of pbs newshour weekend. i'm hari sreenivasan. thanks for watching. captioning sponsored by wnet captioned by media access group at wgbh access.wgbh.org >> pbs newshour weekend is made possible by: corporate funding is provided by mutual of america-- designing customized individual and group retirement products. that's why we are your retirement company. additional support is provided by: and by the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. marcucci: and i'm here with greg sherwood. and we'd like to talk with you about something we know you appreciate -- everything you discover when you spend time with kqed. sherwood: so, over the next half-hour or so, we'll bring you a behind-the-scenes look at kqed's most exciting initiatives and explain how you can help with an innovative kind of membership that will make you an ongoing partner in all our efforts. marcucci: now, in a world where technolo

dressler talked about the competitiveness of telecom and broadcasting, that is just beginning and i have great hopes that she expressed that is going to be successful as it rolls out. democracy and changing of lifestyle of years, and years in the country overnight just does not happen. you have to stay after the government, stay after those that are implementing these kind of reforms in order to see them happen as you want. if they are not happening as dr. dressler said as she would like, if there only partially there, then stay after them to go the whole roots. as far as the united states government taken a hands-off, it's not as public i think it would be a mistake diplomatically to the united states to jump in and start lecturing the mexicans about how this is the way you should do business. i'm not surprised that our government didn't chastise the mexican president anymore than they don't chastise putin. so i think we have to be sensible when we have a diplomatic relationship, the the united states is doing that sensibly, however, behind the scenes and below the spotlight, our govern

we are seeing the drag here coming from telecom services, consumer staples, financial, but ate up a look -- take a look the two areas still in the green, energy. the energy index is up about three and a half percent, it's best week since february. as we saw the big declines earlier this week and the big rebound driven by what is going on with oil prices. , up 9.4% onat oil the week. it looks like it will be the best week for oil in about four and half years with that big third -- at 44 .30 44.34 a barrel. whether that is sustainable is another question, and all that is trickling back to the energy stocks, as i mentioned. trans ocean, these have been some of the very worst performers of the year to date. this whole snapback affect that we are seeing, chesapeake one of the bottom performers with marathon and trans ocean, feeling a lot of pain. a relief rally this week, and there is debate about whether any gains in oil will be sustained. pimm: thank you very much, julie hyman. let's look at some of the top stories. market turbulence may be affecting how americans view the economy. consumer

there will be a chance for citizens to have telecom reform, i can see the little light, but those little lights are not enough i don't think it's fair to compare income concentration in mexico with income concentration in the united states. here you you have that level of income concentration but you do not have half of your population living in poverty, and you have a substantial middle-class that actually has political representation. one citizens in this country organize a petition with 175,000 signatures, they get listen to,. the problem in mexico is that with this electoral system in this party system, we cannot move. >> thank you we will take a few more questions and i will give you an opportunity to have a read joiner, peter let's go with you. >> primarily to denise or jones, you said you had some optimism about that there may be some can you trace out a few of the specs of what you might call the best scenario that you can imagine even if it's only 1% or 5%, what is the scenario that might in ten or 15 years lead mexico to a better place? tell me what country you might want mexic

as for the worst performing ones, utilities and telecom stocks. two of the more defensive sectors, the ones that are less economically exposed to what's going on overall in the markets, in the economy, vg lieverything that. they are also two higher dividend payers. you have two defensive ones that are really kind of dragging things down. it will play out a lot over the next week or so to see whether or not traders really believe this was a viable dip or whether or not there's more down side to come. back to you. >> thanks so much. busy week for all of us here in the markets. we appreciate it. >>> as he mentioned, tech up 2.7% this week. let's get to all the news in that sector. joining us is the co-executive editor at ricoh. good friday to you. >> hi. how you doing? >> first up, we have to talk about this major milestone for facebook. according to a post from mark zuckerberg, over a billion people used facebook in a single day. he says one in seven people on earth used facebook to connect with friends and family. he spoke with cnbc 11 years ago re

shortly after 9/11 there were two telecoms that went to the nsa and said how can we help right? one of them we know now is at&t. so this is you know at&t sees this as sort of a patriotic duty i think. sreenivasan: what does at&t say about this? >> at&t sort of gave us a surprising response, we don't comment on national security matters right? and later when we circle back to them they said, we comply with the law essentially right? so we don't willingly do this. we only comply with the law. which is sort of at odds with what's in the documents. sreenivasan: and does that mean essentially they are being compelled? >> we don't know because the documents are so old, or i mean two years old we don't know how things have changed after congress passed the u.s.a. freedom act, we also don't necessarily know what happened in the two intervening years. we know verizon did try and challenge some things in court but we really have no idea if the program is exactly the same as it was in 2013 before the snowden revelations. >> jeff larson from pro-publica thank you very much. >> thank you. >>

. >>> a new report detailing the relationship between telecom giant at&t and the nsa. according to the "new york times," documents provided by edward snowden snow a partnership between the nsa and at&t over the course of a decade. snowden of course is the former c.i.a. systems analyst and whistle blower now charged with espionage. the report says at&t led the way in data collection in 2003 forwarding 400 billion metadata records to the nsa. at&t was also involved in a broad range of classified activities, including spying on communications at the u.n. headquarters. >> fascinating to hear about all of that. >> you can probably imagine some fallout from that story. we're learning more and more. >>> coming up on eyewitness news on a sunday morning, the death toll continues to climb after a series of explosions and massive fires have rocked china. we'll have the latest. >> amy freeze will be back with the feel like a kid again with dunkin's new cookie-flavored iced coffees. for a limited time, dd perks members can enjoy any sized iced coffee for $1.99. america runs on dunk

the reason is a telecom reason which steve and john and debbie and i will appreciate telecom geeks. when emp was deployed 21 years ago in europe, it was the first implementation of electronic authentication of credit card transactions where as in the u.s. the implementation of authorization of credit card transactions credit card transactions was with a magnetic stripe. the technology is that tapes we are familiar with. europe doesn't have a telecom infrastructure we have in the u.s. said the authorization of transactions doesn't take this online. it takes place on the device. here in the u.s. when you start your card, that transmission goes to the network for authorization is done online. there's a real-time authorization that takes place. in europe they don't have the answers are up sure we have here so have here said they couldn't authorize the city needed to develop a technology to allow the transaction to be authorized on the device, on the handheld merchant located terminal. the pain is authorized by the credit terminal in europe which says yes or no on behalf of the issuer be

i celebrate the fact that at&t is going to come to mex advances for consumers as a result of telecoms reform. i can see those little lights. but those little lights are not enough, and i don't think it's fair to compare income concentration in mexico with income concentration in the united states, because here you have that level of income concentration, but you do not have half of your population living in poverty. and you have a substantial middle class that actually has political representation, and when citizens in this country organize a petition with 175,000 significants, they get listened to. or otherwise the bum gets tossed out and the problem in mexico is that we, with this electoral system and this party system, we cannot toss the bums out. >> thank you. we're going to take a few more questions, and then i'm going to give you an opportunity to have a rejoinder to the rejoinder, and then we'll give the final word to denise. we want to end close to 11. let's go first to peter. >> primarily to denise but i'd love to here jim jones an this as well. you said you had some optimism