Larry Magid, Facebook, IFP discussed on KCBS Radio Afternoon News
I did call one eight five five jumpstart that's one eight five five jumpstart KCBS. News time three fifty two. It is time again to talk technology are KCBS tech expert. Larry Magid is on the line. FTC wants to know how the major telecommunication companies are handling their customers personal information. Larry tell us more about what the FTC is doing would they sent a letter to the major internet service providers, including Comcast in eighteen variety of like asking them things like the categories of information, they're collecting about consumer than divisive the technique. They're using to collect it whether they're sharing the information with third parties, what are their internal policies whether the information of aggregated and not on my new D identified, and it goes on and on the issue here is that if you think about Facebook knows a lot about your that Google knows a lot about you. And they do your internet service provider, theoretically could know everything you're doing on their network. So I'm not saying that they're actually looking, but every time you go to U R L to a web address. For example, that information have to go through your internet service provider every bite and bit that you type go through your internet service provider v h. Chose to they could gather a great deal of information about you. So it is important that we understand what their privacy policies are and make sure they're sticking to them. Larry was there any particular incident or something that's driving this particular request at this particular time, I am not aware of a specific incident. I am aware that there is always tension between the internet service provider providers and the companies like Google and Facebook with each pointing to the other with the IFP pointing the Google and Facebook for the world and the Facebook and Google the world pointing to the IFP's thing Ogle look at them. Oh, no, go look at them because they're different. But at the end of the day, they're both collecting information. So that's one thing that's been going on for a while. But I'm not aware of a specific case other than maybe the fact that congress I believe with it last year the voted to loosen some of the privacy policies on the IFP. So it could be that maybe the Federal Trade Commission if reacting. Into that. Because it puts pressure on wanting to know, what are the internet service provider of collecting about us. All right to Larry. Thank you for that. Or KCBS tech expert? Larry mad. Solid gains on Wall Street today. We have the KCBS MoneyWatch we are going to check in with Jason Brooks at the super micro Intel money desk looking at consumer confidence. Consumer confidence weakened considerably in March the Conference Board reading of one twenty four point one was well under market expectations and compares to one thirty one point four in February. The report says confidence has been somewhat volatile over the past few months as consumers have had to deal with rocky financial markets, the government shutdown, and it very weak February jobs report while consumers are confident that the economy will continue expanding the near term the overall trend has been softening since last summer home prices are cooling down around the US with a dramatic slowdown in the bay area. The SAP case Schiller index says prices rose nationally four point three percent in January from a year earlier, the weakest gain in nearly four years bay area. Prices rose only one point eight percent year over year compared to a ten point two percent gain in January of twenty eighteen Walsh. Street was in a better mood today. Thanks to rising bond yields the Dow gained one hundred forty one points to twenty five thousand six hundred fifty seven the NASDAQ rose fifty four points to seventy six ninety one and the s&p climbed at twenty points higher to twenty eight eighteen the MoneyWatch Jason Brooks KCBS. This will shock you. Have you seen the new tax card? You're supposed to fill out in a couple of months simpler. Well, no, it's downright confusing to say.