most of it goes to google and facebook. those digital providers have been able to dominate primarily because of the power of data. there's so much data that they can target advertising and messages so that they reach us most effectively. but those companies are now under fire like never before over issues such as privacy, political bias and the sheer scale. they're being investigated by regulators and politicians of both parties alike. so how might the world of media now evolve? will the digital giants continue to dominate, or will their power be cut down? how will politicians get their message across? what needs to be done to protect us all, and how are companies changing the way they do business? well, i'm joined now by mark penn. he, of course, is no stranger to politics. among other things, he was bill clinton's pollster and hillary clinton's chief strategist. now he's managing partner at the stag welk group, a digital marketing investment firm. mark, thanks for joining us, and you look very suitably attired for the sou

google, facebook, m -- microsoft and amazon dominate the artificial intelligence. they are all working on the core business which is behavioral manipulation. which means all startups trying to do a.i., in the million other categories are competing for a tiny percentage of the people who can do it. and they are having to pay incredibly high prices because of how much the big four are willing to spend on that. >> so that's one example. >> if you look at advertising. the "wall street journal" is harmed every day by the way google and facebook block access to your the' temperature product. we are seeing it in automotive. we are seeing it in electronics. we'll soon see it in financial services. when you said the last time we saw this kind of regulatory approach was in the beginning of the 20th century with the trust busters. the reason this is happening is these guys are precisely analogous to the trusts of the 1900s. >> google looks as though it will be the subject of a justice department investigation. tell us how google is harming the consumer, whether it's through t

big tech companies like google and facebook and they hang ona like google and facebook and they hang on a second, we are providing oui’ hang on a second, we are providing our services for free in exchange for people's personal data. but make no mistake, the threat here is real. for a while now, many americans have come to believe that the tech industry has too much power and needs to be reined in. but washington, well, it's tended to be hands. silicon valley was seen to be an engine of economic growth not to be tampered with, but opinion has shifted. democrats say these firms are too powerful and are hurting consumers and society. to quote bob dyla n, consumers and society. to quote bob dylan, it seems for big tech companies, times are a changing. that is your business briefing. supermarket customers will be able to fill up their own containers with products that were previously wrapped, as part of a new trial by one major supermarket. in an attempt to reduce plastic waste, products including pasta, wine and washing—up liquid will be available at waitrose without any packaging. o

so for me i think this is interesting and i haven't seen a huge impact in google and facebook stock we have seen you know they're not as strong as companies like microsoft amazon and adobe that don't have this current issue but for me what i see it as is just. attempts of these companies to get them to change i don't think they have to because at the end of the day they are the ones in charge and they don't have to do anything that these $616.00 companies are trying to get them to do because they're the ones in control because they have the biggest space but if these advertising dollars do pull out of facebook and google where would they go and who would actually benefit from this. well that's exactly the problem if they pull out where are they going to go right because google and facebook are the 2 best places for them to be so what i think they're doing is very similar to what president trump is trying to do with china i think they're just posturing we'll probably see a little bit of compromise but i believe they're going to stay with google and facebook do you think any of this will

i don't think anybody reasonable is going to come to the conclusion apple is a >>> and facebook, google, and amazon have not yet responded to the inquires. >>> and the border patrol is investigating a deadly shooting at u.s. and mexico border. a driver refused to stop at the point of entry last night. police blocked the man's car and he opened fire. officers then returned fire and killed him. his identity has not been released yet. but he's a 23-year-old u.s. citizen. the officers are not injured. >>> and the virginia governor is calling for a special session of gun control. the governor addressed the city of virginia beach following the mass shooting last friday. the governor hopes to discuss universal background checks, access to firearms by children, and bans on assault weapons. he is expected to noungs the date of the session in the coming days. >>> of and tonight, the dublin decision to not fly a rainbow flag at city hall. they decided against flying it when a public backlash prompted the three council members who voted no to reconsider. the council is expected to reverse is decisi

we should be suing google and facebook, and perhaps we will, ok? to talk more about the reaction, let's go to our reporter in new york. shares did react to the president's remarks. what happened? >> they did. you just saw the share prices. so not anything huge. we clearly saw before markets opened the stocks react off these headlines. he did also attack twitter. twitter rose today. this harkens back to the conversation we have been having over antitrust laws. everything we have heard over the doj investigation, ftc investigation, this is something here to stay. we are probably going to be hearing more about this, not just the democratic debates tonight and tomorrow, but also through the presidential election in the next five years or so. when you look at investigations into large companies like facebook and google, it will not be a quick process. it will take years. emily: right. they have launched investigational ready into some of these companies. first, let's talk about chip companies also rallying on this news that some of them have found a wor

competed one google competed one and now we're going to come in and say you know you did too well so we're going to raise you abbott and i don't like it i don't either but i'll take a lot of my size our commerce but buying the competition to destroy competition is not good business practices and you know that ok we saw that with these other big standard and i'm not saying you know i don't go by their competition and they destroy it ok all right jeffrey the same question to you trying to break these up you know i'm i'm in favor of you know google mostly because of the privacy issue google has more google has more data on people than the n.s.a. . than any government agency ever dreamed of. it has tracks you across every platform. is ubiquitous browser therefore if you are fewer any company anywhere in the world you need to have a presence on chrome which grew our hands and the only area that google really suffers from is in telephones. but nevertheless you load google app on your telephone that of course we all do because we all like to use g. mail or watch you tube and they're on the

and facebook, it kofts google and facebook very little to distribute all of this news content, and at the same time, they're dominating the ad market google and facebook taken together control a majority of u.s. online ad revenue. >> i'll tell you what. i'm on my phone yesterday. i googled the story about the four seasons restaurant shutting down in new york and when you do it i don't know if it's hard to see. "the wall street journal" story is there but the link at the top is a google link and you've got to dig through to get to the actual "wall street journal" link if i was to send it to you, i'd be sending a google link is this the kind of stuff that they're ticked off about >> that's exactly one of the main concerns. one of the groups testifying today is called the news media alliance and it's a trade group that represents 2,000 trade groups and news outlets across the states and canada. just a couple of days ago the news media rae leased a stunning report, brian, that outlining exactly what that financial relationship or financial dynamic between the publisher looks like, and wha

european headquarters are in ireland a country with low taxation it's possible that google will also have to pay taxes in the future in every country were interns money germany and france are recommending a minimum global tax rate which should prevent funds from being diverted elsewhere and to subsidiary companies or tax havens fintan live countries we've talked to think that's important that's why considering all the work that's going into it we can assume it should be finalized by next year and then we'll put them into effect in europe and in germany the g 20 summit of finance ministers will end on sunday after a joint meeting with the heads of central banks. now to some of the other stories making news around the world. being as president has canceled a coming municipal elections finding the need to reduce political tensions in the. country earlier police used tear gas and water cannon to disperse protesters in the capital to run up the opposition accuses the leftist government of links to organized crime and vote rigging and plan to boycott this month's elections. tens of thousan

google closed down 6%. facebook fell 7 1/2%. one of the biggest artists in the world is now the first billionaire rapper. -- captions by vitac -- www.vitac.com >> a fortune of $1 billion, sean carter owns a stake in uber, an art collection, a sports management company, real estate and extensive music catalog, now the 5th black billionaire, joining robert, also oprah on that list. >>> it's the end of an era. apple announcing it replacing i tunes with a trio of apps. the move to phase out itunes not a big surprise. apple has been pushing users toward apple music subscription service. users will be able to purchase and download songs through itunes. gift cards will also stay active. it was interesting, the "wall street journal" wrote the whole story as an obituary. >> i guess i'm old school. i'm still an itunes users. >>> "early start" continues right now with the latest out of the uk. >>> president trump sitting down right now with the british prime minister just hours after trading toasts with the queen. >>> "the washington post"

bill is it time to break up companies like google and facebook and we can talk about what should be done if they are maybe they should become public utilities go ahead bill in london there's been very left little appetite in the polls for breaking up these com these companies indeed there's been very little left appetite for challenging them in any way because the enormously lucrative in terms of the lobbying that they do i know obviously they have a very strong position in the market i think what we've seen very recently with some of the scandals around privacy that these companies are now vulnerable and possibly their future is in play ok and the same question to you because we do have 80 and we have standard oil we have microsoft i mean there are precedents out there there are ways about doing this here to create more competition that's why we need more competition and more privacy ok and a little bit more tolerance of people like me conservatives go ahead ed well and i am one of those those conservatives as well and the problem has really come because of the privacy issue and because

executives from facebook, twitter and google are in front of the host -- homeland security counterin ways to online terror content, hate speech and misinformation on their platform. this is a meeting with federal immigration and border officials on migrant smuggling and trafficking issues on the u.s.-mexico border. >> former special counsel robert mueller, at the house intelligence and judiciary committees on wednesday, july 17 testifya.m. eastern, to in open session about his report into russian interference in the 2016 election. c-span3,e coverage on online at c-span.org, or list on the free c-span radio app. -- listen on the free c-span radio app. >> here is the first 50 minutes of the house homeland security meeting on hate speech and misinformation in social media. facebook, twitter and google executives gave open answers, followed by member questions. >> the committee on homeland security will come to order. is moving --tee meeting today to receive testimony on examining social media companies' efforts to counter online terror content and misinformation. terroristpremacist kill

facebook google apple and amazon face a house judiciary committee hearing in congress is 1st antitrust review of the tech sector which until now regulators have left relatively understand the makers will assess whether the giants of the valley have become too powerful and a killing competition and if action is needed. online retailer amazon has the past google and apple as the most valuable global brand in the world a survey by market research agency cantars says amazon's brand value that's its financial performance plus its standing with consumers skyrocketed by 52 percent to $315000000000.00 in a year that's equivalent to the entire economic output of bangladesh. the 29000 consumer electronics show asia has opened in shanghai around us. 70 firms have put their technology on display a 3rd of them chinese the 5th annual c.e.o.'s focuses on the latest innovations in ai 5 g. vehicle technology and startups from around the world at the event sure way presented a high ai design in the 2 mobile phone can control the up to 8 supporting devices like t.v.'s tablets and consumers. let's say the

google apple and amazon data phase of the house judiciary committee in congress is 1st review of the tech sector which until now regulators left relatively undisturbed lawmakers will assess whether the giants of the valley have become too powerful and are killing competition the committee will start by examining the impact of the tech giants platforms on news content in the media and the spread of misinformation online. the $29.00 consumer electronics show asia has opened in shanghai around 70 firms have put their technology on display a 3rd of them chinese the 5th annual c.e.'s focuses on the latest innovations in ai 5 g. vehicle technology and startups from around the world but why donates to the event or why presented a high a i design which is meant to network and control all everyday hardware devices the mobile phone can be used to control up to 8 supporting devices such as t.v.'s tablets and p.c.'s. well no one knows what a post directed britain would look like but britons can now get a taste of what may be ahead at least in theory french video game company will be soft present

. >> facebook, google, apple. they employ exactly 0 journalists okay so the amount journalism they're doing is zero. we're not going to city halls, they're not going to school meetings, they're not covering the president. our rely on delivering content and monetizing around that content and if you don't do that anymore -- we don't have local journalism. the question isn't whether or not we want a strong and vibrant journalism industry. we tried that in the 1970s were lastapers threatened by a new medium, the broadcast era. it didn't work. the communicators, monday night at 8:00 eastern on 2.pan ago inears ago, in june june of 1969, the cuyahoga river caught fire near cleveland. the event helped lead to the creation of the environmental protection agency. next on reel america, "the crooked river dies." this 1966 documentary traces the 100-mile long cuyahoga river from its source to cleveland, where it minutes, polluted, into lake erie. the film was featured on "montage," an award winning documentary series that air

or facebook i mean we have empirical evidence that google's participating in self-serving bios in a way that directly harms consumers as a society as a democracy any time you have concentration at the levels they are in the information sector it should be concerning because they really are now more powerful than governments they are form of regulator but they are our private regulator with no democratic accountability i can't believe in a system in which the power is separate from the people we're talking about you know some pretty arrogant people in my opinion who think of themselves as gods of sort and who really want to have a complete hold over humanity and these are basically big mind control machines and mind control machines they're really good at controlling minds it's going to be harder and harder to fight them if we don't do so i would say you know as soon as possible though so the more rote we give them the sooner we are all hanged. i don't believe our species counts are vive unless we fix this we cannot have a society in which if 2 people wish to communicate the only way

. >>> we will continue to keep an eye on tech companies this morning as shares of facebook, google, and amazon plunge. congress will hold an announcement. companies are reducing consumer choices. did not name the companies that might face a review but in a separate federal probe the justice department would reportedly examine google and apple and the federal trade commission would investigate facebook and amazon. this is a look at how the companies. shares of google, parent alphabet fell 6.1%. shares of apple faired better closing 1% lower. analysts say it may have less exposure to the anti-trust. now we've already learned it's dropping itunes and replacing it with three separate apps. just one of many changes and ktvu has more from the conference. >> designed with privacy and security in mind. >> because with apple we can see privacy as a funltal engineering right into everything we do and this year we're doing even more. >> the company announcing upgrades with year comparison. apple maps are more detailed now with reviews and information to guide you toon. itunes is being split into t

there's also google anymore. yes there are several media reports that suggest that all of the major internet companies in the united states are facing investigations for the way they are operating in their business fields and of course for the way they're using their technological edge and so we're not only talking about facebook and google we're also taking talking about apple and amazon and the investigations are reported to be initiated by several u.s. government agencies and by congress so this really looks like a large scale attack on those businesses and that's why the share prices of all of them have slumped but is not really new to them is it i mean europe spin they have before when it comes to antitrust probes against google and the likes yes especially google or elf of that which is the parent company of google you tube and a few more businesses has already faced several huge fines and had to pay several huge fines here in the european union the european commission are antitrust watchdogs have really be

european headquarters are in ireland a country with low taxation it's possible that google will also have to pay taxes in the future in every country where it earns money germany and france are recommending a minimum global tax rate which should prevent funds from being diverted elsewhere and to subside theory companies or tax havens in a live countries we've talked to think that's important that's why considering all the work that's going into it we can assume it should be finalized by next year and then we'll put them into effect in europe and in germany the g 20 summit of finance ministers will end on sunday after a joint meeting with the heads of central banks. of the women's world cup and france and to go over all the action ali moving from sports as with me now ali germany. kicked out the tournaments day with a match against china how did they do yet this turned out to be a really tough task for germany they were the favorites going into the match with china china gave them a real game of it and on another day with some better finishing they could have come away with the win as

have facebook and google, have they done anything that would result in some sort of remedy? so i think it's really too early to tell if there will be any remedies but if there are going to be remedies, i would think they'd be more behavioral in nature and not structural. >> i guess what i was really getting at, andre, if we say that the ftc is going to spearhead the probes against facebook and possibly with amazon, can we say asking those companies to break up is off the table whereas the companies in the sights of the doj could face that ultimate remedy >> well, i wouldn't say that anything is off the table but i would say this from past experience and, you know, we have the experience from microsoft when the department of justice brought that case to trial and actually won and had a chance to use that remedy, that structural type of remedy of breaking up microsoft, it chose not to do so. these are companies that have all grown pretty much organically. the other thing we have to factor in here is just, you have to balance the pro competitive and the anti-competitive effects

stocks like facebook took a dive shortly after we came on air google has been under pressure facebook is at the lows of the day by some 8% or so joe? >> i think steve liesman presented this last week he's right the federal reserve in june gives the market a rate cut and then president trump goes to g20. and everything is okay with china. that's not a scenario that i think chairman powell -- >> well, because maybe the economy is slowing regardless of the trade situation with china >> this is the hard part >> manufacturing data today was weaker so did we need the -- >> did we need the december hike are we paying for the december hike >> the fed made a mistake by -- >> in retrospect >> and what we're doing right now with the trade dispute, are we slowing the german economy into a recession right now that we'll know about six months later? probably >> probably. >> see, if the fed comes out and said, you know, we're aware of the trade dispute, geopolitical, that's not what i want them to say. i don't want them to say we're aware of the trade dispute i want them to focus on the economy and

but same thing for being el and facebook -- google and facebook, 9 million small businesses to facebook neff have exposure to consumers that are outside their community borders -- borders, internettingtive are not there -- the net negatives are not there. kennedy: is really interesting. often time antitrust laws can be applied arbitrarily, a few of these companies enjoy, so, why are they going after this when they really enjoy the majority of the donations from their emptys? >> because it is an easy tag line, easy to go after big tech, they seem like an untouchable class, there are a lot of users of these platforms, facebook, amazon, what have you. they see these people getting very rich, that is the class that politicians made i think convenient villains out of. >> what will google and facebook and amazon, and apple say, we have plenty of competition? >> absolutely, i think you don't have to look far to. to notice it has been case, regulator past said we can't tolerate some of these companies going larger than they are, probably 10 or 15 years ago people say that myspace was the end of

lawmakers are adding to anti-trust troubles for the likes of facebook, google, and apple. >> kpix 5's maria medina at the developers conference going on in san jose where the feds have painted a target on the titans of tech. maria. >> privacy appeared to be the big topic at today's convention, not the investigation. in fact, we're still waiting for apple to respond to our story. >> reporter: the news of an anti-trust investigation loomed over the conference, kicking off days after presidential hopeful elizabeth warren said this. >> we will break up big banks. we will break up big tech. >> reporter: federal anti-trust regulars according to cbs news are pursuing investigations into apple, google, facebook, and amazon. >> i'm kind of concerned likeevg monopolistic and reducing competition? >> reporter: david neil works in the tech industry and attending this year's wwdc. he believes the government should keep a watchful eye for bad practices, but not necessarily break up big tech. >> we should look at times where maybe they're stifling the market and killing competition. on the other han

tech titan targeted, $130 billion in market value wiped from facebook, google parent alphabet, amazon and apple, over reports that the government could be ramping up anti-trust probes. how much trouble is ahead? 2020 democratic hopefuls have been making the rounds. one candidate noticeably missing is actually leading the pack. what joe biden's strategy means for the deaments democrats' chance to take over the white house. perk up coffee lovers and pour another cup or 20. details of a new study that says coffee isn't asse as bad for yor heart as you may have thought. it is tuesday, june 4th. "fbn: a.m." starts right now. lauren: here is how your money is moving at 5:00 a.m. u.s. stock market futures have found the green today. pay attention to the big tech giants. the nasdaq, the futures are up 37 points. yesterday, that index officially in correction territory. let's switch over to europe on this day two of president trump's state visit to the u.k. investors monitoring trade talks with great britain but also mexico and china. the shanghai composite in asia falling nearly 1% overnight.

in hearing how facebook, google, apple, perhaps even amazon are caught up in this. we have seen europe tightened its grip on these industries. while this shape the landscape for big tech companies overall? nandan: it is early days yet and we don't know exactly where this will go, but it is true that there seems to be more interest in these issues. scarlet: is being big a good thing or bad thing in this day and age? nandan: i think being big is important. scale benefits. we have platforms that have millions of users. it is important to have scale. scarlet: let's talk a little bit about prime minister narendra modi's victory. last month saw a landslide victory for the prime minister. how do you see modi using his mandate? nandan: i hope it will be used for economic reform. india is well-placed for reform like labor laws, getting the banking sector back on track. i am hopeful that with this majority and a clear mandate, they will do that. scarlet: what kind of timeline? nandan: very quickly. all governments have to do reform within the first few weeks and months of the

amazon has shopping, google as search. facebook has social networking. in my eyes the strongest case may be against google where the weakest legal case may be against facebook, but the biggest pr problem. i can't think of any other situation where the co-founder is calling to break up the company. when you look at google, they control search and they've been sued successfully several times in the eu saying they've favored their products in search over rival products. you can look at android and say they favored google apps, apps consumers love like google maps and chrome but they're going to smart phone makers and saying if you want to android operating system you better bundle in our apps, a similar argument that microsoft made back in the '90s as well. and then you look at a company like facebook and you say why have they been able to run rough shod over our data. that plays into antitrust too. maybe they couldn't do that if they didn't have so much market power. >> it's interesting when you think about, as an aside, this weekend i think google was dow

regulators who are now looking at the practices of alphabet, amazon, facebook and apple. >> google is putting resources into the eu regulatoryle ches announcing it has appealed the $1.7 eu fine for marc stifling competition in the online advertising dustry. for "nightly business report" i'm aditioy r, san francisco. >>> china slaps a fine on ford and that's where we begin tocught's market in the latest ongoing trade tensions between the u.s. and china, chinese regulators have fined ford's main joint venture in china nea fy $24 million setting minimum retail prices on its cars which the regulator feels restricts competition. it is 978 and it's one of the largest orders owide-body jets. it is discussing orders as many as 100 of the two-aisle jets. the 777 planes which is boeing's long-range aircraft. the report did say no deal is imminent due to the trade war, but boeeg r more than 1% to 348.75. lab corp said that more than 7.5 million of its customers m have been impacted by a data breach. the blood testing pvider said it was the same breach that rival quest diagntics said may have the

facebook, google, amazon among those under scrutiny. what it could mean for your 401(k). >>> congress finally approves billions of dollars i

in shrinking we too at the news hour have worked in collaborated with facebook google and many other new media businesses and journalists who might communicate with regularly about these issues including journalists at time magazine the guardian the hill i could go on and on very using. not only that their companies are using a form of g. mail their emails are running through google servers all of their incoming and outgoing communications are being monitored by google this is happening also major universities if you enter the university of california after a certain date guess what you're using g. mail whether you know it or not and it was found that google was yes in fact scanning student e-mails for non educational purposes and what those not and purposes were we still don't know to this day because google still has not come clean with what they were doing with the information they still haven't certified that they have deleted that data the big challenge was when i found out that google was scanning our student e-mails for advertising purposes and other non educational purposes i

i'm wilfred frost here at the stock exchange tech stocks getting slammed today as facebook and google face the threat of regulation. it's hitting the broader software and cloud space as well sales force down 5%. everything you need to know coming up. >>> i'm sara eisen we'll start with what's driving the action tech stocks falling on regulatory fears fed president bullard says a rit caught may be warranted soon and concerns over additional tariffs still lingering. we'll help you regulate volatility when we speak with emerging markets guru mark mobius and hedge fund giant cliff robbins. joining us to break down the market action, "fast money" trader, "fast money" giant himself guy adami. >> i'm never down here it's like my yearly appearance on the new york stock exchange >> especially on a day when fang is getting crushed >> but this has been a theme for a while. we've been seeing this for the last three weeks this started if you really want to go back and look with google, then it happened with amazon you know, it's interesting the top in amazon was when warren buffett announced his s

all of these companies are -- google and facebook are offering services for free. amazon is offering lower prices. it is hard to see how you make an argument for raising prices. the issue, the vulnerability for these companies is they all have these big, dominant networks, so if you want to buy a search advertisement, there is only one company, google, that will sell you search ads, pretty much. there are smaller players, but their market share is tiny. if you want to be in social media, there is one company. if you have a nap, there are two options. the fact that they have these dominant platforms is going to be the focus of any antitrust criticism or inquiry. emily: still ahead, how one company is bringing ai to organ transplants. they are pioneering what you could call it medical miracle. this is bloomberg. ♪ emily: matching organs to donors is a challenging progress. there are currently over 113,000 americans waiting on the national transplant list. finding a donor is not the only obstacle. roughly one third of organ transplants are rejected by a recipient's

facebook sank 7.5%, google's parent company alphabet lost 6%. checking the broader masrket, te dow edged up four points, the s&p 500 fell seven points and the nasdaqab tumbled 120. >>> senior mexican officials are warning of retaliation if the trump administration imposes tariffs on its exports to the u.s. president trump says he will impose a 5% tariff on mexican goods beginning next week to pressure its government to block migrants from crossing the border. a high level mexican delegation is in washington this week for meetings with u.s. officials to try and reach an agreement. >>> and quest diagnostics says as many as roughly 12 million patients may have had their personal information exposed in a security breach. now, the company says one of the billing collections firms it works with alerted it last month that an unauthorized user got into its system and accessed private information. the information includes credit card and bank account numbers, medical records and social security numbers. quest says lab results were not exposed. it says an

google does search out a of other products. facebook's social networking. effectively, every business or publisher and person on the internet has to use them. what they do with their power is they surveilled you. they learn all your secrets, then they run a large advertising businesses and manipulate users, you, other businesses, and the flow of information across the web to serve themselves. this it diverts advertising money that used to go to publishers into the pockets of google and facebook. so, you know, if you want to know why all the journalists are being laid off, it is because that money that used to go -- by the way, this is a post-2009 phenomenon, so it is in the internet, it is a specific business model that has emerged on the internet after 2009. >> tucker: i was thinking we should have a law against that but it turns out we already do have a number, we've had them for over 100 years and a ban monopolies for the very reasons you are describing, but no one in congress or anywhere else seems willing to invoke these laws. why is that? >> since the

. >> reporter: that's right, pressure is mounting on apple, facebook, google and amazon in washington as they face pressure now from lawmakers, the head of the house judiciary committee saying he wants tech executives to be part of the conversation on capitol hill when it comes to this investigation into competition on digital markets apple's ceo pushing back on concerns that his company is a monopoly on cbs yesterday. take a listen to what he said when it comes to those concerns. >> i think that with -- with size i think scrutiny is fair. i think we should be scrutinized. i don't think anybody reasonable is going to come to the conclusion that apple's a monopoly our share is much more modest. we don't have a dominant position in any market. >> so you're saying you're not a monopoly skpl we a monopoly. >> we are not a monopoly >> so what we're seeing is a fight here what we're seeing is a fight brewing between these tech companies and between congress, in addition to those reported investigations from the department of justice and from the ftc, so a lot of regulatory pressure mounting