facebook if facebook makes a change, it will help their campaigns in the way facebook ended up helping donald trump in the 2016 election. not just by ignoring the russian influence, but also by assisting his campaign in running their advertising that ended up playing to people's fears. taylor: so much still to discuss as we approach this 2020 election. sarah frier, eric newcomer and professor jeanne zaino. thank you for joining me. i want to stick with facebook because the social network's proposed cryptocurrency libra continues to lose backers. on monday, booking holdings, the parent company of travel sites like kayak and priceline, jumped ship from the libra association. that means facebook's group has lost seven of its 28 founding members. others that have left include mastercard, visa, ebay and paypal. joining me to discuss, max chafkin. what is the significance that now seven of 28 are out? max: not the direction facebook was hoping this would go when they unveiled libra. what you are seeing here is that there has been a huge sort of public pushback from regulators, both in the u.

facebook has utterly failed. facebook's executive ranks and workforce continue to be mostly white and male. since reverend jesse jackson and the rainbow push coalition called upon silicon valley companies to release its diversity statistics more than five years ago, the representation of african-americans and hispanics has increased bide 2%. facebook told us they have $0 managed by diverse firms. unfair housing. facebook has been sued by the national fair housing alliance for enabling advertisers to engage in discrimination on its advertising platforms. the u.s. department of housing and urban development has also filed an official charge of discrimination against facebook for its advertising practices, including the company's own ad delivery algorithms which were found to have a discriminatory impact when advertisers did not target their audience in discriminatory ways chtd i understand that facebook has refused to cooperate with h.u.d.'s fair housing investigation by refusing to provide relevant data. on compet

the reason why facebook gets so much flack, is because facebook is big, and because facebook is so big, it has the resources to investigate internally. when you launch an investigation, you will find something. when you find something, someone leaks it, and eventually, it ends up on the front page of "the new york times." those small companies who are supposed to be doing so great, they probably have something similar going on inside, we don't know because they don't know, because they don't have the resources to look into it. may be pinterest doesn't, because it is not usable in the same way, but reddit, for instance, is a terrible example, because it relies very much on unpaid labor. all of the subreddits have their own moderators, but that is unpaid work. is it much more ethical, unpaid labor, then someone making $40,000 a year in arizona who has nine minutes of mental health breaks every day? i am actually not sure. i think -- has anyone look at reddit in the lead up to the 2016 election, it was not a good place, it hasn't been a good place for many, many years. it was ground zero

maybe facebook cannot share ta between facebook and instagram. just having the government dictate how the coanies work in a way that they have not in the past, i don't even know, i have been reporting on this, whether the campaign things that breakup is the real way to go. the things she ishas said defined the field in a way, much more broadly to make this conversation than other candidates have in th and . >> will stay tuned on this one. ank you and jeremy. >>> last month, on the eve of the united nations climate summit, millions of young people around the rld skip school to demand action on climate change. leading the charge was greta thunberg, 16-year-old activist from sweden, dressing world leaders at the climate summit , with anger, defiand frustration. it is not just young people who are fearful and worrieabout droughts, and mass extinctions. psychologists and therapists are increasingly seeing the toll that climate change has on mental health. helping the patient turned despair into resilience, joining me now is our health reporter, lauric

instagram the argument is smaller within facebook than it would be outside of facebook. i think a lot of people think that, that it would be a very value property. same thing with aws, is now makes $35 billion in revenue. it would be one of the most valuable companies on the planet the minute it was pulled out of amazon. and so a lot of people want to make -- instead of making thee t argument this is punitive, it's great for shareholders to creato these new companies outside, and then they would do innovative ew of them. things pause because they'll be in competition.e people don't remember, there used to be google video and youtube and at one point google owned both of them. and i think they closed down google video after the purchaseu that's one of the arguments, this is an unlocked shareholder value which i think is an interesting one and it unlocks venture money towards investments.s.' you will try to get any venture capitalist to invest in a search company, even softbank isn't stupid enough these days to do' that. they did we work which is having problems now.w.in i

up to the facebook catastrophe." i was so proud of facebook. i thought mark was different, so i was blissfully a fan. i mean, a huge fan. i got to dinner my career and i retired before i realized there was something wrong. amy: as facebook ceo mark zuckerberg testifies on capitol hill today, we spend the hour with roger mcnamee. all that and more, coming up. welcome to democracy now!, democracynow.org, the war and peace report. i'm amy goodman. in an explosive testimony, the top u.s. diplomat in ukraine, william taylor, told congressional lawmakers tuesday the trump administration held up $391 million in aid to ukraine for the purpose of pushing ukraine to incriminate trump's political rivals, particularly presidential candidate vice president joe biden and his son hunter. in taylor's opening statement, which has been made public, he lays out his interactions with gordon sondland, the u.s. ambassador to the european union and a wealthy oregon hotel magnate who received the ambassadorship after donating a million doll

you can't use facebook messenger without facebook, right? >> or can you. >> i believe you can, congressman. >> okay. so they are two separate and distinct -- do you know what percentage of people use messenger that don't use facebook? >> i do not have that data. i'd be happy to follow up. >> and the reason i bring it up is when we talk about competition versus complement, i mean competition versus complementing how we use this -- i'd just ask you all of those things because i i wouldn't know where to get anything other than the apple app store. i'm sure other things exist but i don't know about them. i think there is a lot of us in that situation. in closing this out, i hope as we move forward, the hearings become more focused, more single topic focused and i would encourage everybody and the companies who are testifying to be forth right with answers. the questions that are -- i can tell you about half the questions that are going to be asked today, which i'm assuming you all with your vast resources and company resources could do as well a

>> well, facebook has 35,000 employees working on security according to mark zuckerberg, the ceo of facebook, but it's clear that the company's still struggling to, you know, gain some traction on how -- on these, you know, coordinated inauthentic accounts, and it speaks to the scale of the problem, and i think we're probably going to see a lot of questions for the company on that issue as mark zuckerberg heads to the hill on wednesday. >> so he comes to testify, it's always like a state visit when mark zuckerberg goes to washington with all the trappings and the formality and the pomp and circumstance, will he be grilled on capitol hill? what will that be like? >> this is going to be mark zuckerberg's third visit to washington in two months. he was up at georgetown university last week giving a speech on free expression where he kind of laid out a grand historical place for facebook as part of, you know, putting facebook essentially at the

the sentiment was not echoed by facebook. they reported earnings and reassured their stance when it comes to political ads. brandcebook ceo stayed on during the earnings call. >> i expect this will be a very tough year. we try to do what we think is right, but we will not get everything right. this is complex stuff. anyone who says the answers are simple has knocked out long enough about -- has not thought long enough about the nuances and challenges. i get that some people are going to disagree with our decisions and think they may have a negative impact on things they really care about. but i don't think anyone can say that we are not doing what we believe or that we have not thought hard about these issues. taylor: i am joined now to discuss that. how much more pressure is mark zuckerberg under today than he was two days ago? >> he was already under some considerable pressure, you have biden, elizabeth warren, alexandria ocasio-cortez piling on. i think mark zucherberg and sure jacki'm not dorsey really tips the scale that

russian intelligence is not putting stuff on facebook and did not put stuff on facebook in 2016 as part of the competition for ideas. it was part of an attack on the united states. the question and the challenge for all of us, not just tech company like facebook, but those of us in journalism as well are to make qualitative judgment and recognize the difference between what's true and what's not true and what's malicious and well intended. it is hard and it is slippery slope and it is difficult but that's a challenge that we all need to step up to. >> what do you think? >> yeah, i agree with john. in the extent that nick could say this and mark zuckerberg could say this. it does not matter. facebook is a publisher, they are a source of enormous amount of news that americans consume. that's how a lot of people get their news. they get a lot of fake news that way and a lot of misinformation that way and impacts our democracy and impacts the results of our elections. they have to take that responsibility whether they want it or not. they can spend all the money they want on lobbyist and ma

libra is facebook and facebook is you. i know you understand the technological and business case for libra. you have the stats, but i'm not certain you know the stories. you understand the source of the pain that millions are experiencing that are experiencing under banking and credit invisibility. so mr. zuckerberg, in your adult life, have you ever been under banked? yes or no? >> i'm going to go with no. >> when i asked the head about why people lack bank accounts he said that, identity is a big problem. yes or no, do you agree that authentication is the major hurdle to accessing the financial system? >> congresswoman, i'm not sure. i think it's probably different in different places around the world. >> the same bank report cited finds that almost two-thirds of 1.7 billion people who don't have bank accounts say it's because they lack enough money to open one. so this is not about authentication. this is not about banking costs. this is about a tsunami of hurt that millions are experiencing because of a $1.6 trillion s

that is facebook's argument here. this isn't going to hurt president trump. it will hurt smaller, lesser candidates that don't have the mega funding that he does. do you buy that? >> there's a corollary with facebook's fight that oftentimes by trying to penalize people or put limits on what they do you end up benefiting the entrenched powers. that may be a conversation for another day. >> regulatory capture is a real thing. it's what helped all the mega banks after the financial crisis and killed the community banks. >> absolutely. for me the bigger question is for the last three years since the 2016 campaign we've talked about how we don't trust facebook with our data, with our privacy. we believe facebook shouldn't be dictating the outcome of our political elections. and yet we're saying mark zuckerberg should play a role in determining what's true and what's false in political advertising or what can and can't be said while, meanwhile, throughout the 20th century we've told broadcast networks they're not allowed to. it's not what jack dorsey is necessarily

all of that, libra is facebook and facebook is you. i know you understand the technological and business case for libra. i'm not sure you know the story or the source of the pain that millions are experiencing, that are experiencing under banking and credit invisibility so yes or no. in your adult life have you ever been under baked? >> know. >> what i asked about why people have bank accounts, quote, i -- identity is a big problem. yes or no. do you agree authentication is the major hurdle to accessing the financial system? >> i am not sure i think it is different in different places around the world. >> the same, libra white paper, finds two thirds of 1.7 billion people who don't have bank accounts because they lack enough money to open one. this is not about authentication or banking costs. this is about a tsunami of hurt millions are experiencing because of $1.6 trillion student debt crisis, rising healthcare costs and people having to use go fund me pages to pay medical bills. this is because the racial engine or wealth gap. so ag

libra is facebook and facebook is you. i know you understand the technological and business case for libra. you have the stats, but i'm not certain you know the stories. you understand the source of the pain that millions are experiencing that are experiencing under banking and credit invisibility. so mr. zuckerberg, in your adult life, have you ever been under banked? yes or no? >> i'm going to go with no. >> when i asked the head about why people lack bank accounts he said that, identity is a big problem. yes or no, do you agree that authentication is the major hurdle to accessing the financial system? >> congresswoman, i'm not sure. i think it's probably different in different places around the world. >> the same bank report cited finds that almost two-thirds of 1.7 billion people who don't have bank accounts say it's because they lack enough money to open one. so this is not about authentication. this is not about banking costs. this is about a tsunami of hurt that millions are experiencing because of a $1.6 trillion s

this was the beginning of google and less than a decade later facebook they would make a new promise to humanity what i think so interesting about google and facebook is they were founded at american universities as stanford university you had 2 students larry page and sergey brin decide they wanted to create the ultimate sark zuckerberg who was a student at harvard decided he wanted to create a social media platform basically to meet girls and to make friends and hence we got facebook you never think that you could build this company or anything like that right because i didn't just college students or i didn't matter just building stuff because we thought it was cool it was all about the promise it was all about the shiny future was all about the free flow of information but there was also a certain idealism behind it. i think that a company like google we have the potential to make very big differences very big positive differences in the world and i think we also have an obligation as a consequence of that facebook and google started with a great idea and great ideals unfortunate

and so, facebook is a great place to work, and ping-pong tables and great benefits, but facebook does not use the place for the hardest place, and you have contractors watching the murders and grabbings and gruesome content to monitor content? >> i believe that is correct. >> and you pay many of the workers under $30,000 a year and cut them off of mental health care even if they have ptsd they incurred while working at your company. >> i understand that we are paying everybody including the contractors at least a $15 minimum wage, and in the markets of the cost of living that is a $20 an hour and -- >> reclaiming my time. according to one report that i have and this is straight out of the episode of "black mirror" this is the workers getting 9.9 minutes per day. and this is nine minutes in the stairwell to cry while somebody else watches them. would you be willing to commit to spending one hour a day for the next year watching these videos and acting as a content monitor and only accessing the same benefits available to your workers? >> congresswoman, we work hard to make sure that we

you talk about breaking up facebook. i spoke to tom steyer and he thinks there should be regulation that it would not work because they are natural monopolies and you have to regulate it like the utility. this is what he said -- "if you believe breaking them up would result in all the same people going back to the one place where they started, government regulation the way a public utility does." does he have a point? chris: i don't think that is quite right. because i was there for the founding of facebook, we saw a robust competition between facebook, myspace, twitter, livejournal. the list goes on. this is not like the electrical grid or pipes where there is only so much space and once you invest in the infrastructure, you have to have a natural monopoly that needs to be regulated. this is more akin to what we have seen across other industries in the past. to your question you were getting at before about the harms. i think antitrust law in particular has been completely narrowed into this view of consumers and largel

maybe facebook cannot share instagram. n facebook just having the government dictate how the companies work in a way that they have not in the past, i don't even know, i have been reporting on this, whether the campaign things that breakup is the real way to go. the things she has said is defie field in a way, much more broadly to make this more of a mainstream conversation than other candidates have in the past. an >> will staytuned on this one. thank you so much to nancy and jeremy. >>> last month,on the eve of the united nations global climate summit, millions of young people around the world skip school to demand action on climate change. leading the charge was greta thunberg, 16-year-old activist leaders at the climate summit with anger, defiance, and frustration. its not justyoung people who are fearful and worried about droughts, and mass extinctions. psychologists and therapists are increasinglyseeing the toll that climate change has on mental health. helping the patient turned despair into resilience, joining me n

we start with facebook. the social media giant is facing more controversy than ever over privacy, data security and the spread of misinformation and harmful content. but that is not putting advertisers off. it continues to make vast amounts of money. facebook made revenues of more than $17.5 billion betweenjuly and september, up 28% on the same period last year. $6 billion dollars of that was profit. the company says more than 2.8 billion people use at least one of its services, facebook, instagram, whatsapp, or messenger, every month. well over 2 billion use one every day. but its costs are going up. it pledged to spend more than $3.7 billion on safety and security in 2019. it already employs 30,000 people working in this area. last quarter, facebook announced a $5 billion settlement with the federal trade commission over lapses in data security and privacy practices. and this week, instagram promised to remove images showing methods of self—harm or suicide after a british teenager killed herself after vi

who, other than facebook, has a digital tie that's as close to real-life identity that's how facebook got big in the first place. love them or hate them, plenty of reasons for both, acknowledge the way they mismanaged the personal data. so if you're going to do digital currency, tying it into facebook is a good idea when it became apparent that facebook has such reputational damage that the conversation isn't going to be about currency, it's not going to be about commerce, it's going to be about facebook that's why everybody -- not everybody but so many had to back away. >> john is right on here, i believe the initial pass was -- >> 20 minutes in let's hear, mark zuckerberg. >> as we sit here, there are more than a billion people around the world who don't have access to a bank account but could through mobile phones if the right system existed that includes more than 14 million people right here in the u.s. being shut out of the financial system has real consequences for people's lives and it's often the most disadvantaged people who pay the highest price. people pay far too high a c

facebook is you and you are facebook. you understand the technological basis but i am not certain you know the stories or that you understand the source or the pain that millions are experiencing with credit and visibility. so in your adult life have you everer been - . >> no. you said that you believed identity is a big problem do youid agree authentication is the major hurdle to access the financial system quick. >> i'm not sure i think it's different in different places around the world. >> those that talk about the white paper almost two thirds of one.7 billion people who don't have bank accounts because they lack enough money to open one. this is not valid authentication or banking caused but a tsunami of hurt millions are experiencing with the student debt crisis because of rising healthcare cost and to go find me page to pay medical bills and the racial engine or the wealth gap. you represent the power but i don't know if you understand the pain. people are broke. is it free to use the calibra wallet quick. >> that

what facebook's aims are in fact facebook doesn't know what its aims are because it's going to be the sum total of all the people who are working on these algorithms a whistleblower someone who used to work for facebook came forward last year and said i was one of the news curators at facebook a bunch of us to sit around every day and we used to remove stories from the news feed that were too conservative and now and then we inject a story that we thought was really cool. facebook founder mark zuckerberg says he's committed to giving everyone a voice he's from responding to an allegation that facebook edits conservative views out of its trending topics they can to practice types of results based on what they think you should be seeing based on what your followers are presenting now a new report claims that according to a former facebook employee the social media mega company sometimes ignores what is actually trending among its 1000000000 users if the story originated from a conservative news source or if it's a topic causing buzz among conservatives. facebook costly manipulates or us

facebook announced this at the same time. twitter is rolling out a policy that is very counter to the one that is for cap. we have been talking about this a lot. these companies will do going into 2020. will they allow politicians to pay to promote falsehoods on their form? jack dorsey hinted in an interview that he said he did not agree with the stance mark zuckerberg had been taking. here he is making the official statement today that they are not going to be the ones to let people to pay -- pay to promote live. taylor: the headline in that tweet came out. facebook was reporting their earnings. it is not a coincidence. kurt: i imagine not. this policy is so starkly different than the one that facebook as. it was a pretty opportune time for them to not only make a splash and announce this but do it at the time when everyone was paying attention to what facebook was going to be doing with their earnings. i'll think this is necessarily going to dental. taylor: i want to talk about twitter's business -- necessarily coincidental

ask questions, and move fast, break things mentality facebook is famous for, it's not that era of facebook anymore. romaine: we're going to have full coverage of everything mark zuckerberg says once we get to the q&a. i'm sure we'll flare you later as well. guy: let's talk about the fed and what's going on there. that brief bout of turmoil last month in the repo market had market watchers drawing all sorts of conclusions about the implications for bank regulations, benchmark interest rates, and while fundamentally not much needs changing, could there be some more steps the fed could do to help the market function a little bit more slowly? that's the view of former new york fed president bill dudley. he had penned a piece for bloomberg opinion. it's out this morning on the bloomberg. he joins us now on the phone. if i may, can i start off broad brush here and just get your assessment of what is happening here. your sense is the fed has got this. my question is, why aren't they communicating that properly? bill: i think they've got to, because they've added sufficient bank reserves to get re

owning facebook at current levels. taylor: very interesting. as we approach earnings season, what do you need to see from the snap side of you to change from a hold to a buy? do you need more confirmation that the filter has more legroom to run? >> it's more just multiples. the stock has had a huge run. you are at the higher end of the valuations. the fundamentals are falling through. no big change in terms of our thesis. great story. we continue to recommend holding shares, but again, we are buying more facebook share rather than snap. taylor: you heard it there. thank you for joining me. still ahead, back in the fold. microsoft dials back into the phone market. can it keep from repeating the past? we discuss, next. this is bloomberg. ♪ taylor: a 3-year-old indian startup has raised $585 million from investors including tencent and ggb capital. we have the story from mumbai. >> an indian e-commerce marketplace has raised $585 million from investors including tencent holding. this bangalore-based startup sources dire

facebook ceo mark zuckerberg argued that facebook should not limit free speech. we'll have to see if zuckerberg weighs on the latest move on phone number's earnings call now getting under way. melissa. >> julia, is a political ad considered asset one that endorse as candidate or paid for by a candidate. >> that's one subset there were the political ads purchased by candidates for candidates and then there are issue adz this could be something an ad for gun control or against against gun control. a hot button political issue like abortion. this is something both facebook and twirpt twurt have made changes to be transparent about the ads. wanting to make it clear about who is purchasing the ads. but this is a big move for twitter to say, look this is not a huge piece of reef revenue and fdly we think it's better to be not enabling paid political roach. >> thank you julia on facebook tonight we got lots to trade and talk about. let's start off with apple right now the stock up 1.7%. we're a% off plus the session highs. what do you make of this as apple hit all-time

there isn't free speech on facebook. neither free speech on twitter, google manipulates information as does youtube, they shut down people like dennis prager but give full voice, full throat to people on the far left saying crazy stuff. i think she is dead on here. charles: do you think that is, if you were to speak, for instance, jack dorsey, i had this conversation in person with jack dorsey. i had lunch and dinner with him. more recently we heard from some other silicon valley folks including zuckerberg, it is a situation. we're located in a area where everyone is liberal. it is hard for to us find anyone to work for us who thinks outside that liberal echo chamber. you buying that. >> not true. not true. there are people who are conservative just as smart as some people who live out there on the left coast. they just look for them. have they thought about branch offices, putting facilities in places? it is amazing how other companies spread their corporate facilities all over the world and country. i'm sure these comp

overall use facebook. americans get their news through twitter, at least some of their news. you can see the various charts here. one more from youtube. 74% of americans have used youtube, 28% have used it to get some of their news through youtube. laurie in georgia, a democrat. good morning. caller: good morning. some of the phone calls you have had today i do agree with, especially the lady that called from michigan. it was nice to hear somebody from michigan calling in and speaking with some information i could agree with. i do not have internet in my home. facebook.of i would get on the computer sometimes and look up information about certain things that i wanted like some of the things people would go to encyclopedias for. i am talking to you on a landline. . don't own a phone i think we live in a society to where so many people today have so many different addictions. they focus so much on the opioids and alcohol and sex, which every one of those are detrimental to people's health. i sit back and wat

facebook fresh off the pressure from twitter on political ads. facebook up 4.5% nearly 8.5. one of the big factors driving reaction this morning is the federal reserve's decision to cut rates. despite that move, the fed believes external pressures on the american economy appear to be easing. >> we have that phase one potential agreement with china which if signed and put into effect could have the effect of reducing trade tensions. that would bode well for business confidence and over time it appears that the risk of a no-deal brexit seems to have materially declined. >> joining us now from d.c. where i don't know if the party is still going on. i wonder if the fed is kind of like the nationals and taking a little victory lap today >> maybe basically says, that's all folks. saying the fed is on hold after this cut unless there is a big change in the economy. >> we think the current stance is likely to remain appropriate inflation moving close to 2% remember, it was 2.2% and headed up above three last year chairman sited trade concerns among weakness for the cut powell sugges

kurt: people still do not trust facebook. that was the overarching theme from the questions we heard today. a lot of the feedback from members of congress was basically pointing out things that facebook has done wrong in the past and asking given your track record, why should we trust you with libra, with money, with a new cryptocurrency? at the end, it was representative mchenry after almost six hours of questions and testimony that said i'm not sure we learned anything new here. it was a little bit of an unfair blanket statement but at the same time, i think despite the fact that we had all this time to hear from mark zuckerberg, we did not walk away with a bunch of big questions answered. taylor: kurt, when pressed on why we should trust facebook, what was his response? kurt: well, a lot of the response is similar to the clip you just showed, which is the idea that facebook is just one of 21 different companies that libraw overseeing the cryptocurrency. facebook is putting out there that we are not the only people making a

this was the beginning of google and less than a decade later facebook they would make a new promise to humanity what i think so interesting about google and facebook is they were founded at american universities stanford university you had 2 students larry page and sergey brin decide they wanted to create the ultimate search engine for the internet across the country you had in the case of facebook mark zuckerberg who was a student at harvard decided he wanted to create a social media platform basically to meet girls and to make friends and hence we got facebook you never think that you could build this company or anything like that right because i didn't just college students write an average building stuff because we thought it was cool it was all about the promise it was all about the shiny future was all about the free flow of information but there was also a certain idealism behind it i think that a company like google we have the potential to make very big differences very big positive differences in the world and i think we also have an obligation as a consequence of that fac

facebook's if it's good to have you on the show. what what was your impression today just by the the the appearance of the performance of zuckerberg i mean was he clueless as to why these lawmakers were being so critical. well brant i would say he was clueless i think he was a lot more prepared than last time clearly the facebook staff made an effort to inform him and prepare him for the lines of questioning if felt to me like he was a lot more prepared on the policy issues regarding labor he wasn't expecting all the other car questions and that tied in in the minds of the congressmen and women and then financial service committee would libra so all the other ongoing issues that facebook has in court. generally as a company i know that facebook has been spending millions of dollars lobbying lawmakers in washington trying to repair its image and i have the impression that all of that money was just blown away today based on what we saw you wrote an article today saying that mark zuckerberg maybe he doesn't understand it as one unders

critics say facebook could allow a for. terry and regimes to block critical contents even outside their opponents. and all aboard a major boost for germany's ship building sector as the chinese cruise market returns to growth. and then fizzle and that's their business what do these things have in common frozen fish handbags ketchup and video game consoles well they're all american products are an e.u. list of our telly a treat tariffs drawn up in the case that the u.s. hits europe with new duties the dispute is over the subsidizing of play which both sides do and the spat could backfire for both job losses in europe price hikes for americans. the fight is heating up between the world's 2 largest aircraft makers for more than a decade the u.s. has accused the e.u. of illegally subsidizing air bus and the world trade organization agrees the e.u. has a counter suit pending with the organization and it is expected that the w t o will soon allow the e.u. to apply tariffs over a legal boeing subsidies but for now sanctions are a

critics say a facebook ruling could allow authoritarian regimes to block critical content even outside their own borders. and all aboard a major boost for germany's shipbuilding sector as the chinese lose market returns to growth. and then fizzle and let's do business what do these things have in common frozen fish handbags ketchup and video game consoles they're all american products or any you listed for telly a tree tariffs drawn up in the case that the u.s. hits europe with new duties the dispute is over the subsidizing of plates which both sides do and the spat could backfire for both job losses in europe price hikes for americans. the fight is heating up between the world's 2 largest aircraft makers for more than a decade the u.s. has accused the e.u. of illegally subsidizing air bus and the world trade organization agrees the e.u. has a countersuit pending with the organization and it is expected that the w t o will soon allow the e.u. to apply tariffs over a legal boeing subsidies but for now sanctions are a one way ticket from october 18th on washington will impose new tariffs

facebook wants to draw more people. whether that is through the marketplace, selling your couch: whether that is through whatsapp, nasty people outside of states, they want to be something you check multiple day for asghout the many minutes as possible. everything you do to build up to that is the most important. >> i want to come back to you. you call this a digital asset. it would have a value that would go up and down and you can invest in the digital affect, as you call it, and make or lose money and it would be available to the public. to analyzehave whether what libre is doing is security based on what dates to orange groves. one of the biggest problems with the entire tech industry is dealing with now is there living when people wait as much as i did in professional football. the technology has advanced and the regulators are having -- are trying to cram a square peg into a round hole. i do not think there is much hope that congress and the president will agree on how to amend securities and commodities to bring

they banned me from facebook and instagram. day inhat point, working and day out with regulatory authorities in the e.u., u.k., united states, one thing i thought was the power that this company has to hide, to obfuscate their work. one of the things i came to understand is that when you go and blow the whistle, you see something that is wrong and you report that to an authority. some guy there will be somewhere in a federal agency building who knows what to do, and i realized there is not that guy. that guy does not exist. i have talked to government, regulators, parliament. people do not know how to handle this problem. the real concern as we have a completely unregulated digital landscape that companies like facebook take advantage of, and even though cambridge analytica has dissolved, the capabilities are still there. one reason i wrote the book was to serve as a warning because even if this company no longer exists, what happens if china or north korea become the next cambridge analytica? there are no rules. we are entrust

facebook is used to a dominant role here. with currency, health care, anything that has to do with regulation, cars have to be done in partnership with government and partnership with other companies, partnership with citizens, elected officials. currency is a global, worldwide network of cooperation in a lot of ways. it is in fact that so you need these players to be in there this is not a good sign. they can have the currency within the facebook system but it will be separate, different from a wider change in the way you spend. >> is that the golden fleece facebook wants on the up side, that attribution, be a key part to the digital part? >> they want to be the key part, central part it is to have a facebook wallet to spend, and others don't want to play. why give away facebook this also there's good question whether there should be global currency, i know it scares some people question is, should be facebook be running it. even though they did this, the message you want to start off is we're in a global group of partnershi

this was the beginning of google and less than a decade later facebook they would make a new promise to humanity what i think so interesting about google and facebook is they were founded at american universities stanford university you had 2 students larry page and sergey brin decide they wanted to create the ultimate search engine for the internet across the country you had in the case of facebook mark zuckerberg who was a student at harvard decided he wanted to create a social media platform basically to meet girls and to make friends and hence we got facebook you never think that you could build this company or anything like that right because i got interested in. building stuff because we thought it was cool it was all about promise it was all about the shiny future it was all about the free flow of information but there was also a certain idealism behind it i think that a company like google. we have the potential to make very big differences and big positive differences in the world and i think we also have an obligation as a consequence of facebook and google started with a g

sarah: facebook wants to -- whatever facebook does, they want facebook to be more useful to the people who are using its products. not just for connecting with friends and family, but also for getting the news, for getting to sell their couches on facebook marketplace, for messaging, and now for health. i think this is another area that they can potentially move into to give you another reason to check your facebook. we should think about it that way. i think that health providers are very important to facebook in ng to do something for users that kind of aligns with what they would need in their lives. if internet for people across a lot of the world. taylor: quickly, the company says it will protect data that you enter. is that trustworthy? sarah: it is always going to be bad optics when facebook announces something that probes deeper into our personal lives given all the privacy scandals of the past. it does not really matter what they say about how data will be used. their past history will cost them consternation and concern among users. taylor: sarah frier, thank you as always fo

facebook is reporting its earnings. that is kind of an interesting statement to make. >> i mean well, it is kind of, seems like a slippery slope. if they will ban advertising are they also starting to look at all of the political speech going on there? also the political speech that kind of seems like political advertising? but it is also turning a way a lot of money. that is a hockey stick growth going into the end of this year and next year. they're just saying no to that, to steer clear of what is clearly a controversial sort of mess. connell: i wanted to mention that. we'll have time to put up tweets in a few minutes. in the midst of all earnings, that is coming out. we have to go to get a break in. apple is coming up. we'll get back to jack dorsey, everything else. good stuff. melissa: that is a shame. i had a lot to stay on lyft. i thought we were doing more. >>> massive protests forcing chile to pull out from hosting the apex forum next month. what the move could mean for the u.s. and china ahead of a phase one t

big positive differences in the world and i think we also have an obligation as a consequence of that facebook and google a very dark side to goal the way it should was it should make it our life where it is but serve like real community that existed realized. google handles 65 percent of all internet search in the u.s. and even more overseas. in the early days google was just a search engine all the search engine was initially was an index to what's on the internet the internet was pretty small back then they had a better index than other indexes they were around theirs was not the 1st search engine page famously said the point of google to get people on to google and off of google out into the open web as quickly as possible and largely they're really successful about that the success of google led to in many ways the success of the open web in this explosive growth in startups in innovation during that period google had developed this incredible technology called page rank unveiling what was known in the back row about them and it was your sleeps and bounds ahead of services like yahoo alta

people would have said, what is facebook doing? did they anticipate that mark zuckerberg would be testifying before congress four months after this was announced? i have a hard time believing hat. taylor: you mentioned the other times that he and the members of facebook have gone to testify. when you look at the share price eaction during those days, facebook actually rises. ou see how this testimony goes and antitrust is not a big deal as we thought. it looks like regulators do not have a bigger understanding of how facebook works. do we assume the same? kurt: i don't know what the stock is going to do but what sually happens is that politicians who spend weeks if not months saying really inflammatory things in the press, all of a sudden they have to ask real questions to these executives. oftentimes they either have a real answer, which is not all that exciting, or they avoid the question altogether. they have gotten really good at not saying things they shouldn't say. facebook survived that and mark zuckerberg looked good while

facebook presumably has tried to contain the problem. you know, when i dealt with them, they did not do much. but that is exactly why i think we do need to take a step back and go, should there be some kind of consumer safety watchdog when it comes to digital platforms? if no one is watching, these are the things that can happen, and in this case, we had people come forward and talk to the media, but what about the cases where that doesn't happen? taylor: that was cambridge analytica whistleblower christopher wiley and bloomberg businessweek's max chafkin. coming up, roku stocks surged after an analyst predicts the connected tv company will triple its user base by 2022. we will hear from the analyst, tim nolan of macquarrie next. , later, consolidation in the food delivery business. we will hear from the delivery hero ceo. the company is a major player in europe. this is bloomberg. ♪ taylor: roku had its best day in about two months wednesday after macquarie research updated the stock. an analyst noticed a sharp recent declines in the

this was the beginning of google and less than a decade later facebook they would make a new promise to humanity what i think so interesting about google and facebook is they were founded at american universities at stanford university you had 2 students larry page and sergey brin decide they wanted to create the ultimate search engine for the internet across the country you had in the case of facebook mark zuckerberg who was a student at harvard decided he wanted to create a social media platform basically to meet girls and to make friends and hence we got facebook you never think that you could build this company or anything like that right because i got interested in. building stuff because we thought it was cool it was all about thomas it was all about the shiny future it was all about the free flow of information but there was also a certain idealism behind it. i think that a company like google we have the potential to make very big differences and big positive differences in the world and i think we also have an obligation as a consequence of facebook and google started with a

you look at the least of experts facebook. call being in order to help determine the new policy. they pretty much made out of the use certain groups that are very well known for a very particular point of view mostly. liberal extreme liberal and so on and so forth what the focus seem to be on is whether the organization can demonstrate to facebook independent editorial control that's a very difficult question i think or the very difficult thing to do some. members of the u.s. congress are calling for a regiment of ukraine's national guard to be recognized as a terrorist organization so called as of button in the skins accused of being involved with white supremacy movements in america are these double quarter takes a closer look at the apparent change of heart. and maybe yet another story of militants once friendly to the u.s. and now finding themselves on washington's terror list congress is urging the state department to do so with the as of battalion and 2 other the far right paramilitary groups while the subcommittee leadi

facebook's if it's good to have you on this show. what what was your impression today just by the the appearance of the performance of zuckerberg i mean was he clueless as to why these lawmakers worst being so critical. well brant i would say he was clueless i think he was a lot more prepared than last time clearly the facebook staff made an effort to inform him and prepare him for the lines of questioning it felt to me like he was a lot more prepared on the policy issues regarding labor he wasn't expecting all the other car questions and that tied in in the minds of the congressmen women and postal service committee to with libra so all the other ongoing issues that facebook has in court. generally as a company i know facebook has been spending millions of dollars lobbying lawmakers in washington trying to repair its image and i have the impression that all of that money was just blown away today based on what we saw you wrote an article today saying that mark zuckerberg maybe he doesn't understand it as one understand the realities

sarah: facebook wants to -- whatever facebook does, they want facebook to be more useful to the people who are using its products. not just for connecting with friends and family, but also for getting the news, for getting to sell their couches on facebook marketplace, for messaging, and now for health. i think this is another area that they can potentially move into to give you another reason to check your facebook. we should think about it that way. i think that health providers are very important to facebook in that they are big advertisers. really, this is trying to do something for users that kind of aligns with what they would need in their lives. if facebook is the internet for people across a lot of the world. taylor: quickly, the company says it will protect data that you enter. is that trustworthy? sarah: it is always going to be bad optics when facebook announces something that probes deeper into our personal lives given all the privacy scandals of the past. it does not really matter what they say about how data will be used. their past history will cost them consternation a

he was adamant when it comes to national security that facebook is doing a great job. here's what he said in response to criticism that facebook is not tough enough on terrorists. >> since 2016, we have built much more sophisticated ai systems to proactively identify harmful content. now 99% of the terrorist content that we take down, our ai systems identify and remove before anyone sees it. >> a lot of tech insiders have been saying today was going to kick off a grand facebook apology tour but zuckerberg's attitude today, it looks like the real m.o. here is to commit to doing better in the future without actually committin admio doing anything wrong in the past. >> harris: that is the furthering of the talking point if my recollection of the previous hearings. despite controversy surrounding the white house, there are reports that top democrats are not confident in the current field of presidential candidat

>> people still do not trust facebook. that was the overarching theme from the questions we heard today. a lot of the feedback from members of congress was basically pointing out that -- things that facebook has done wrong in the past and asking given your track record, why should we trust you with a new cryptocurrency? at the end, it was representative of mchenry after almost six hours of questions and testimony said i'm not sure we learned anything new here. unfaira little bit of an blanket statement but at the same time, despite the fact that we had all this time to hear from mark zuckerberg, we did not walk away with a bunch of big questions answered. >> when pressed on why we should trust facebook, what was his response? isa lot of the response similar to the clip you just showed which is the idea that a spoke is just one of 21 different companies that are overseeing the cryptocurrency. facebook is putting out there that we are not the only people making a decision here. we want to work with regulators and we want you