google and facebook, the google is completely different. the issues go to the heart of the business models. there is no easy fix. that doesn't mean the antitrust investigations will lead to actions. the investigations are going to look really seriously at ways to force change in the business model. emily: all we know is the doj and ftc have divided oversight over possible investigations. what is your sense over the investigations and if they will actually happen? roger: i am obviously not in a position to know the answer to that question. i surely would love to know the answer. here is what i believe. there are signals coming out of ftc relative to facebook that are inescapable. we have heard indications that it might be a $5 billion fine, there would be other actions resulting from the violations of the consent decree from 2011. there is more evidence as we saw earlier this week, the wall street journal reporting that there might be evidence that mark zuckerberg knew about the privacy violations taking place. if that evidence proves to be

google and facebook have 70% of the visual ad market. you are talking about percentages of an ever diminishing edge case of online advertising. o -- by the way, look at the digital only news providers. buzz feed, huffington post, and the rest. they are trying to make a living off the digital ad model and it is not working. peter: if google -- google and facebook have been successful. can you agree with that? >>. yes. peter: have they been positive influences? >> positive in the sense that more people consume more hard news than ever, including millennials. people often say young people don't consume news. they consume more news than when we were their age because it is available. to have that expansive audience, returns diminishing asks, where is the money going? matthew: i think the answer is something we discussed. we often say in the internet sector that the competition is always a click away. that applies equally to these digital native news publishers who are not just competing with one another but also competing with other entertai

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 did it just. right in our just 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 a very big positive difference in the world and i think we also have an obligation as a consequence of that facebook and go

and facebook are going to be flat and or volatile for quite some time. and. you know we talked about the thing stocks a lot as a group but breaking them out individually the different. concerns with each of them do you see any of them as being in more trouble compared to the others on antitrust grounds. so on antitrust grounds along with technical grounds i see google as having the most issue because when you think about google i mean it's really so much a part of our culture at this point people google anything they need to know right and they take the 1st page as fact and at the end of the day google is controlling what you're seeing and they're also pushing the news out and so that has wide reaching. wide reaching issues there additionally google on a technical basis the stock has completely broken down the las quarter its gaps down after the earnings report and has not been able to recover and this additional news hit has just destroyed it. and apple which is sometimes seen as a 2nd a in the bank scenario was also named by the justice department as p

you hear facebook and google and antitrust is back to microsoft so when i look at the microsoft move back in 19092000 beyond a nationally yes microsoft rallied but you have to remember that that was also when the rest of the internet stocks were rallying out of control as well but after that bust microsoft really traded relatively flat for almost 10 years due to all of the bad news in the uncertainty surrounding the antitrust case and so for that reason i feel like google and facebook are going to be flat and or volatile for quite some time. and. you know we talked about the phone stocks a lot as a group but breaking them out individually they have different. concerns with each of them do you see any of them as being in more trouble compared to the others on antitrust grounds. so on antitrust grounds along with technical grounds i see google as having the most issue because when you think about google i mean it's really so much a part of our culture at this point people google anything they need to know right and they take the 1st page as fact and at the end of the day google is cont

got apple and google, the f.t.c. got facebook? >> well, the f.t.c. has been looking at facebook regarding privacy. privacy and anti-trust can converge because of the competitive implications of data. so right now, the f.t.c. is probably the resident expert on facebook because its into the consent decree potential violation has been going on for over a year. lookst.c. traditionally at retail. so it makes sense for it to have jurisdiction over amazon. now, previously it was the f.t.c. that had investigated google. little bit strange that now we're having the d.o.j. look again at the same conduct passed on years ago. but, you know, i think it makes each -- in each -- that each agency would take two companies. really too much for own.to habitua handle on their >> brad, what does this mean for investors? these shares of all companies take a beating. there's somerly macro things happening around the world and in the economy that's weighing on all these stocks. it's not good. two agencies with subpoena power theseill be crawling over very secretive operatio

tech giants including facebook google and so forth face possible antitrust propes over markets dominance what's all that about. well reports in different media suggest that all of the major internet giants are facing investigations in the united states for potentially abusing their market power and their technological edge in their respective businesses we're talking about all of them facebook google or alphabet the parent company of google and you tube but also about apple amazon and the reports are that several government agencies in the u.s. are investigating here as well as congress so this is really a large scale political attack on the whole sector and i can let loose and there in front of it thank you so much. mexico has launched a counter offensive against the threat of u.s. terrorists top officials say further levees would not only hurt the economies of both countries but could also cause a quote in the central americans to migrate north in the last week don trump used his favorite economic tool to push his political agenda. there's barely a week left to solve the latest conflic

because of facebook and google's dominance. and the platforms lack competitive pressure to fix the disinformation problem. -- for facebook users is instagram, which facebook owns. users need to be able to vote with their feet and switch to alternatives. to their credit, facebook and google started on the path to dominance with innovation. but there monopoly power is not purely the result of competing on the merits. facebook has repeatedly acquired rivals, including instagram and what's up. and google's -- without the ad ecosystem as it brought up the digital ad market spoke by spoke. including applied semantics, --". together facebook and google have not - bought 150 companies in the last six years. google alone has bought nearly 250 companies. thus far, antitrust enforcers have not stood in their way. nor have they stopped facebook and google from leveraging their monopoly power to exploit competition. week antitrust enforcement set the stage for these platforms to extract the fruits a publishers labor. much of the monopolies

his thoughts on potential probes facing fas facebook, google, amazon. this is bloomberg. ♪ hard mondayech hit following reports of potential antitrust probes into facebook, google, apple and amazon. growing concerns from regular taters and politicians. bloomberg sat down with jeffrey solomon to talk about the crackdown. jeffrey: for the last 10 years, it was bound to be big. it started after the financial crisis. you look at dodd-frank and the regulations that came out for the big banks. i think big tech is suffering from the same. it is not a republican or democrat thing. it is a thing the american population is looking at. a lot of skepticism of bigger companies. i think seizing on those same populist concerns from both parties, the doj and ftc will look at big companies to see what they are doing. >> line now though? this has been a problem since the financial crisis but weikel after these companies at this point when the economy is doing well and we have an election coming up? or maybe it is because the election is coming up. jeffrey: you do it wh

bad news for facebook google and cohen g 20 finance ministers meeting in japan saying they'll make it harder for paying taxes to avoid paying tax we'll have the details. and germany's women kick off their world cup campaign with a one nil victory over china. welcome to the program. the united states and mexico have reached an 11th hour deal to crack down on migration from central america earlier the white house threatened to slap tariffs on mexico if it failed to stop record numbers of migrants from traveling through its territory to the u.s. border but the deal appears to fall short of the key u.s. demand that mexico accept the designation of safe 3rd country that would have forced it to permanently take and most central american asylum seekers. for these migrants the trip north to the u.s. could end here on the border between mexico and guatemala. mexican authorities have agreed to crack down on illegal migration as part of a deal to avert an all out tariff war between the u.s. and mexico u.s. president donald trump heralded the last minute deal on twitter saying tariffs would be in

lawmakers start a probe into the market dominance of silicon valley companies like facebook google and apple. also want to show broken promises from the world's biggest consumer goods company to pledge years ago to limit forestation through versus sourcing that's not exactly what happened. and french videogame maker ubi soft imagine a post that breaks that this filthy london and its latest offering presented out to eat free in l.a. . this is good business i'm joined in berlin welcome united states lawmakers have launched an investigation into silicon valley's biggest names today the probe by the house judiciary committee marks congress's 1st review of the tech sector which until now regulators had left relatively undisturbed lawmakers will assess whether the concentrated power of facebook apple google and amazon are harming consumers and killing competition the committee has started by examining the impact of the tech giants forms on news content the media and the spread of mis information online. the hearo joins us now from wall street good to see you always now they need to rein in b

facebook and google started on paths to dominance with innovation. their monopoly power is not purely the result of competing on the merits. facebook has repeatedly acquired riechbls including instagram and what's app. and google's acquisition cemented the market power throughout the ad ecosystem including applied semantics. together facebook and google have bought 150 companies in just the last six years. google alone has bought nearly 250 companies. thus far, anti-trust enforcers have not stood in their way nor have they stopped facebook and google from leveraging their power. weak anti-trust enforcement set the stage to extract the fruits of publishers labor. monopolies are putting the american dream at risk as people including journalists are not rewarded for their efforts. beginning immediately, anti-trust enforcers should prevent facebook and google from acquiring threats. they should unwind deals and sivest to open up competition and sue to stop exclusionary practices. anti-trust alone won't solve everything discussed here today. we won't be a

facebook, google, amazon among those under scrutiny. what it could mean for your 401(k). >>> congress finally approves billions of dollars in disaster relief for the southeast and midwest but this morning, the staggering economic toll of the flood crisis right now in the heartland. the top concern from farmers with more rain on the way. >>> coffee and cancer. the experts set the record straight after a controversial court ruling. >>> "jeopardy james" goes down in defeat. >> if you came up with the correct response, you're going to be the new "jeopardy" champion. did you? you did. >> his 32-game win streak over. this morning meet the young librarian who beat him. why she was the perfect foe. >>> and later, the tp for today. how millennials are changing this everyday household staple. >>> good tuesday morning, everyone. thanks for joining us. i'm janai norman. >> i'm and will reeve in for kenneth moton. >> the president is meeting with the prime minister after getting showered with royal hospitality. the president capped off a day of page

consumers while google and facebook and it nearly 60 percent of all digital advertising is spending worldwide meanwhile has significantly impacted industries such as booksellers or grocery stores by engaging in price wars we've been competitive. now this is just the beginning of a long process but what sort of outcomes do you see on the table at the end of it are we going to see the fines like the kind that these companies sign europe are we going to see these companies being broken down into smaller ones like some of the u.s. lawmakers want. this time it probably binds them more regulation to a stop at big tech companies expanding their empires they could be demobilized realistic outcomes some legislators is to consider premature to to call for breaking up big companies and there are plenty of obstacles that i had a previous best a geisha and to get yours had to materialize as is the case of democracy of one that led to no breakup at all in the early 2000 there is also a legal president in divesting tech companies here in the u.s. that while these a tech giants can afford an army of. lead to

. >> facebook, google and apple. they employ exactly zero journalists. the amount of journalism they are doing is zero. they are not going to city hall. they are not going to meetings and are not covering the president. they rely on delivering our content and monetizing around that contact -- counted. if we don't do that anymore, we don't have local journalism. the question is not whether or not we want strong or vibrant journalism, the question is how we get there and should we do that with antitrust exemptions, specifically? we tried that in the 1970's. it did not work. >> watch the communicators monday night at 8:00 eastern on c-span two. >> former special counsel robert mueller at the house intelligence and judiciary committees on wednesday, july 17 testifya.m. eastern to about russian interference in the 2016 election. watch live coverage at c-span3 or listen on the free c-span radio app. housewednesday, the oversight and reform committee held a hearing regarding the office of special counsel's recommendation that president forp buyer kellyanne conw

and meantime, we begin with facebook, google, and your data. exactly how much is it worth that is the question senators mark warner and josh haolly are asking as they propose new legislation that would force big tech companies to put a price tag on user data and guys, this i find fascinating and very confli complicated. because one person's data, the way i understand it, is worth very little, but everybody's data is worth a lot. and i don't think it's as simple as just doing division like, you divide the total value of the data by the number of people some people's data is worth a lot, but once you have so many people connected together, the sense of how to target is that much better. >> we should be clear. senator warner isn't suggesting that customers would get paid for their data >> well -- >> no, what he's saying is he wants to make it explicit and have the companies put an aggregate price tag on it. and the companies themselves are arguing, look, it's too -- to your point -- it's too complex, we can't do it it's not like that there's a --

. >>> i'm julia boorstin in france at the annual advertising festival here, and facebook and google are out in force but so is talk of tech lash. we'll look at what potential regulatory could mean for the other players in the space. that's coming up on "nightly business report." ♪ ♪ >> as we menti earlier, the stock market's major averages are nearing new highs and the biggest gains have beenco ncentrated in just a handful of stocks. bob pisani explains. >> reporter: we are just about halfway through the year and stocks enjoyed a strong first half. all three majorre averages up double digits so far in 2019, but the gains have been concentrated in one sector in particular, technology. tech is the best performing tech tore in the s&p 500, it is up 25%, and we should point out that almost a quarter of the gains this yfr hav come from four big names alone, microsoft, apple, amazon and facebook. why? hhe investors have been searching for grond protection from the trade tensions. microsoft in particular has been rallying t all-time highs several days in a row, and that was firmly above th

google or apple now until now those companies have only had to pay tax in the country where they are headquartered which is why they deliberately construct their conglomerates in a way that funnels to low tax jurisdictions but that should now come to an end the g 20 hopes to present details of the new regulation by next year. cooperation is still possible it seems despite the trade disputes and ongoing geopolitical tensions even china and the us found common ground at the g 20 finance ministers meeting in fukuoka both countries supports a reform of the global corporate tax system but their fight over tariffs is still raging over you know we're being jewboy bad news is we still don't know how trade talks between the u.s. and china will end and until a solution is found we fear that confidence in the markets will diminish and that's a problem. for. the u.s. has also reportedly blocked a joint appeal to settle a trade conflict there was no conclusion on the dispute in the final communique at least there was mutual agreement about the new tax regulations planned for tech giants like goog

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

bad news for facebook google and co g 20 finance ministers meeting in japan say they'll make it harder for the pink tech to.

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

sue google and facebook? i think trump may be referring to the first formal steps and the justice department probing's -- two probing's for alleged misbehavior. thing i thinkrst he's referring to where there may be court cases will stop the other thing is basically increasing the scrutiny. >> the president also mention the idea of a summit coming up in july with social media networks and executives. do we know who is coming and the purpose of it? >> we don't know or at least the white house hasn't responded. on the other hand, only a handful and i think it is reasonable to think that at least most of them will be participating before or during. what i'm looking to is when trump met with jack dorsey, in theere three topics other two,- and the online opioid sales. [no audio] it is also major issues being dealt with on a policy level. i expect those will probably be on the agenda. noticeable that he's threatening to sue facebook and google. the eu has the audacity -- fining google and looking into amazon. how mu

"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? >> absolutely they did. you look at facebook and google, you just saw the share prices. down 0.6%, so not anything huge. minimal -- still pretty minimal, but 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 in 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

facebook, google, amazon were buying tons and tons of servers, because they wanted to buy the server before the memory price went too high. they bit up too much information and started taking that down now our call at facebook, google, amazon are going to start spending money in q3, start seeing those numbers, the nvidia data center you'll see that number in the amd data center commentary, as well so now you'll come off a bottom on the data center side. and finally, the last one, like i said, it just happened last night, basically, an entire plant went down for western digital. and that's going to help the nan prices probably improve sequentially nan prices might go up sequentially if that happens, all the memory stocks probably go up. >> lastly, i want to get your takes on this very long feature story in the "wall street journal" today, how a big u.s. chipmaker gave china the keys to the kingdom, talking about amd and this idea that it revived its fortunes through a deal in china, a complex deal, and is now sparking a national security battle how much of a risk is this for investors