35 Burst results for "wsj.com"
"wsj.com" Discussed on WSJ What's News
"Connect and share safely at about dot f. b. dot com slash safety. It is a week with jobs data tomorrow. The labor department will release its monthly figures for september. And later today it will release its weekly unemployment claims but for some investors. The focus is less unemployment and more about how to strike a major deal in the wine industry so with apologies to those who are uninterested in wine on the. Am edition of this podcast. We are going to spend the next three or so minutes talking about it. Specifically about why private equity investors have been lapping vineyards and hurts. Einstein has the answer and she joins us now hyena. Hey good morning tell us about all these splashy deals so as you said there's been a surge in private equity deals and there's been quite a few big name investors getting involved in the industry and it's also about scale there. There's been some large billion dollar plus seals. An example was the sale of chateau semi shell in july. Two private equity firm. Sycamore partners and we'll also have been seeing the first spac getting into the industry with the merger of vintage wine estates with a spot called this bespoke capital acquisition. And that was also the summer in all of this activity is despite the fact that actual wine consumption was down some three percent during the pandemic right. So yeah as he's the global wine consumption fell three percent last year and it hit the lowest level in eighteen years and that's according to the international organization of vine and wine. If that's the case what makes vineyard so attractive right. Now so it's not necessarily about the attractiveness of vineyards as an investment is more about the huge liquidity in the market. That's what i was hearing. When i was doing the interviews for this piece. There's been a huge amount of central bank stimulus pumped into the market so there's lots of investment capital looking for home and some of its comes to the wine. Industry vineyard is not a commodity like bale of cotton or a ton of coal. Is there any resistance within the industry to these big deals says some people that i was talking to. You were saying that the wine industry may not be the place for investors with short term investment. Horizons they're talking about house. Industry is obviously based on agriculture. Where you're at the mercy of natural pressure is like so it makes it harder to have stable returns because some years we'll be great while others could be really bad things like frost or too much rain or whatever and then she talking to winemakers. I also heard that. There's a little bit of resistance from them about the commodification of wine turning one into commodity feeds traded like a soccer bond on a digital platform. There they want their products to be drunk and enjoyed rather than something. That's going to sit in a warehouse and change owners every once in a while without being consumed in hurt is markets reporter. You can read her story about the mergers in the wind industry at wsj.com. Thanks for your time. In finally clothing retailers are trying something new. They have tended.
"wsj.com" Discussed on WSJ Tech News Briefing
"Escape quickbooks quicksand with net sweet by oracle. The number one financial system special financing is back. Net sweet is offering a one of a kind financing program only for those ready to switch from quickbooks to net sweet today head to net sweet dot com slash wall street. Right now. this is your tech news briefing for thursday september ninth. I'm zoe thomas for the wall street journal. a lot. more of us downloaded tick-tock during the pandemic it's highly addictive algorithm hooked us with its viral dance trends and silly pranks showing us one video at a time. It learns what we like to watch and feeds us more of that this approach helped make tick tock particularly popular with younger users but the algorithm can also lead users to increasingly extreme content on today's show a wall street journal investigation downtick talks algorithm can drive it's youngest users aged just thirteen to fifteen to videos about sex and drugs. Investigative reporter rob berry joins us to discuss a young users can fall into the cycle. And why it's difficult for those posting adult content antique talk to prevent it. That's after these. Headlines opening arguments took place yesterday in the criminal case against former theranos chief executive elizabeth homes the government alleges homes once a silicon valley darling whose blood testing startup was valued at over. Nine billion dollars lied to patients and investors about the accuracy of her company's technology she's charged with ten counts of wire fraud and two counts of conspiracy to commit wire fraud. She's pled not guilty. The journals heather somerville was covering the trial for us. She was there as homes arrived at the courthouse flanked by family members and was met by a stampede of photographers. Once inside courts government prosecutors laid out their case for the jury. They talked to the jury about the fraud that they allege miss homes had committed deceiving investors as well as patients about the accuracy and reliability of her blood testing technology and the harm that that caused costing investors hundreds of millions of dollars in giving patients false test results about cancer and pregnancy and then ms homes attorneys got their turn and talk to the jury about a very hard working young woman who had dropped out of college and given fifteen years of her life to the quest to improve lab testing making it more affordable and less painful for patients and made the argument that silicon valley startups often fail. And this was nothing different. You can get live updates on the trial at wsj.com game stop reported sales growth of twenty six percent in the latest quarter three months after overhauling its leadership team quarterly revenue rose to nearly one point two billion dollars up from just under nine hundred fifty million a year ago but the video game retailer still reported a loss last quarter of more than sixty one million dollars dame stop is in the midst of trying to modernize its business as video game buyers shift away from traditional retail and more to downloading titles in june the company named amazon veteran matt furlong as its chief executive and shareholders voted chewy co-founder ryan cohen is chairman cemented oversight and control. He'd been gaining during the months. When meam stock investors sent the company share price soaring and australia's top court ruled that media companies. That post articles on facebook are liable for comments on those posts. The high quarterback australia determined that newspapers and television stations should be considered publishers of comments because posting content on facebook facilitates and encourages comments from users. And therefore they should be responsible for any defamatory content in their comment sections media companies involved in the case including news corp australia. A subsidiary of newscorp which owns the publisher of the wall street journal criticized the ruling which could prompt traditional publishers to rethink. How they engage with social media. All right coming up sex drugs and viral dance videos. A wall street journal investigation found tick talks. Algorithm can direct minors to inappropriate content along with harmless trans. We'll explain how it happens after the break. But i know about courage i learned for my adoptive mom. She said. Sometimes you just gotta hold on and no. We'll get through this. We are so high up my hand. You hold my hand here. We go.
"wsj.com" Discussed on WSJ What's News
"More than forty five people dead. You can read updates on this story throughout the day at wsj.com and ford and general motors are scaling back. Production of their popular pickups because at the global shortage of semiconductors ford has been especially hard hit by the chip shortage it announced its slowing or suspending operations at its plants that make the f one fifty. Gm announced it's eileen. It's two main plants that make chevy silverado and gmc sierra model trucks later in the show. We'll dive deeper into the shortage of available. Cars for sale will get a better picture of the jobs landscape in the us when the department of labor releases its august jobs report today. We'll have more on our evening. Podcast of what's news. The nation's largest employer is giving many of its employees arrays walmart will raise its minimum wage for about a third of its workers in the us for the particulars wsj markets reporter and a hurt. Stein joins us from london and good morning. Hey good morning mike. And what did walmart say. How much more will people make so walmart said. They raising minimum wage to twelve dollars an hour. This is for the most people who work at registers in the food and household goods areas and those who restock shelves is the country's largest retailer by revenue so does affect a lot of people. They bought one point six million workers in the us. And why is walmart doing this now. So we do see this labor shortage especially for hourly workers. This means that big big retailers like walmart are having to compete for employees. and this is intensifying. And what about that. Competition do amazon and target paid their entry level employees. They are paying them fifteen dollars an hour. They've also raised wages over the past year. Actually so walmart's twelve dollars an hour. Minimum wage is still below this and this week and we'll also see in companies like walgreens and cvs saying they're raising the minimum wage to fifteen dollars an hour and hurting stein in london and have a good weekend. Thank just ahead struggling to buy a new car. You're not alone more after the break.
"wsj.com" Discussed on WSJ What's News
"Is a wall street tradition. It's the ultimate marketing event with companies eager to lineup on a podium and be part of the glitzy bell ringing ceremony but with the ipo market hotter than ever this summer fierce competition means. There just aren't enough bell ringing opportunities to go around the wj's cordray bush has more so what we're seeing is companies doing everything possible to snag at bow. If you don't get a chance to ring the ball if another higher company is coming public or if you're ipo timing got moved around unfortunately at the last minute which we've seen happen this summer than the exchanges. Still wanna keep you happy because they wanna keep your listing than you saying. I'm going to go across town to the nasdaq where i'm gonna go across time to the new york stock exchange so they're offering other consolation prizes. The nasdaq is doing other sources celebrations around your opening trade and the new york stock exchange has also started offering at the button would bow which is another battle tuft on a balcony off of the floor of the new york stock exchange. It's very rarely run but something to ring. And that's what's news for thursday. We'll be back tonight with the new podcast until then we're always updating the news on wsj.com and the journal app a mark seward for the wall street journal. Thanks for.
"wsj.com" Discussed on WSJ What's News
"Are reinforcing safety and prioritizing it or even prioritizing life work balance it's a tight labor market employers really have to listen to what their employees want and where they're gonna feel more comfortable with so much concern from employees wilder workplaces. Look even more different than they already are. We're already used to social distancing and mask policies if you're going into an office that's a really good question and companies did already invest in retrofitting. Their offices. Everything from sanitizer to barriers plastic barriers and social distancing as you said and what we're going to see upon return is even hyper vigilance about that. Maybe companies will who had plans for a certain amount of workers and certain days may even be more restrictive about that mask in the offices. A really big debate right now on social media especially with vaccinated people and now with the recent guidance about wearing masks indoors. Employees are really wondering. Am i going to have to wear a mask on the office. And in fact we did see some companies yesterday including facebook target and home depot. Say they'll start requiring some workers to wear masks regardless of their vaccination status ray. It seems like this whole idea of uncertainty and change could be an ongoing part of participating in the workforce. That's right it could really be more so now than before primarily because the delta variant has thrown in basically a wrench into the previous plans and companies employees have learned a lot about how productive people can be when they're working remotely and questioning whether they really have to be in person in the office. But it's going to be a challenge to those companies again in a tight labor market. Especially if you're not offering lots of flexibility for employees to work wherever they want to work from or what what days they wanna come in. So i think we'll continue to see just based on interviews that i've had with experts hybrid more flexibility and maybe those tools in terms of the in person safety guidelines and layouts may not be enough for some employees comfort. So that's a long way of saying. That flexibility is going to be a key word on the minds of employers for the foreseeable future until we got this under control. Ray smith joining us this morning. Ray thank you so much. Thank you and finally live. Music is making a comeback while. That's good news for everyday working musicians after a year of mask. Mandates and crowd limits behind the scenes. They may be a little out of tune. They're frantically practicing brushing up on lyrics and searching for equipment. That's been hiding in the back of a closet. One los angeles singer songwriter told us that. For much of the past year he was doing to our livestream six days a week to keep himself in shape and to find new followers now. He's racing across the country for five or six weeks at a time and a nearly new camper plane shows fans old and new. And that's what's news for tuesday. We'll be back tonight with a new show until then follow the news on wsj.com and the journal app a mark stewart for the wall street journal. Thanks for listening..
"wsj.com" Discussed on WSJ What's News
"We'll be hearing from federal reserve chairman. Jerome powell today. The fed is in the middle of its two day meeting early. In the pandemic the fed committed to buying up billions of dollars in assets such as bonds each month to signal confidence and certainty to a market that was volatile and getting weaker now with a rebound in the us economy. The fed is focusing its discussions on went to scale back these policies to get inside the feds thinking. We're joined by the wsj's chief economics correspondent. Nick tim rose either nick. Hi mark so nick. We've heard lots of talk about the fed scaling back. these purchases. our listeners may have heard of it as tapering. What do we mean here. The idea of tapering is simply how. And when do you pull back on. The purchases of those treasury securities mortgage backed securities. The fed is buying eighty billion a month and treasuries and forty billion a month and mortgages and they're not likely to stop cold turkey instead what they did the last time they reduced these purchases or they tapered them was gradually reduced. The amounts they bought every month and so they gradually went down to buying zero over the course of a year. So when it comes to the scaleback why does it matter how quickly that happens. Investors are going to pay a lot of attention to how quickly that happens in part because the fed has signaled that they don't want to raise interest rates until they have finished that process of tapering or of completing the purchase of assets. So if they end that soon. It means that it's possible. The fed could feel you know have more flexibility to raise interest rates. Sooner if it takes a long time it could the fed in to you know waiting even longer before they discuss when to raise interest rates. Then there is this question of inflation which has confronted the fed so far. The fed has been hands off. Has that position changed at all. No it's not likely to have changed yet. The fed now has had three months of surprisingly strong inflation readings. They already expected there to be a balance just from the reopening effects on the economy but the increases have been broader-based and larger than the fed expected. So there is a debate right now. There are some people who think gee this is looking a little bit harder than we thought. Maybe we need to change our policies sooner because maybe inflation's not gonna come back down to our target which is two percent a year as soon as we thought. There were other people who say no. It's very clear. These are being driven by airfares and hotels and used cars. Things that have been disrupted by the pandemic or by this semiconductor chip shortage and it would be foolish to decide now to raise interest rates if we think these things are going to reverse. So it's it's the debate is not going to be resolved at this meeting. It's probably not going to be resolved at the meeting after this one. But it's there and the feds gonna wanna see a few more cards before. They changed their view or their narrative about what's happening with inflation and nick a big moment during these fed meetings. Is the news conference with the chairman at the conclusion. Wall street has been given some hints as to win. The near zero interest rates will be raised. I'm wondering if that will be a big question when the chairman takes qna today it's always a big question. It seems unlikely that we're going to learn as much today as we did at the last meeting. If you recall the fed's last meeting officials produced their quarterly economic projections and along those projections. They say where they think. Interest rates should go and those projections were surprised because more officials were pencilling in interest rate increases next year or the year after they hadn't done that in the previous set of projections and march. There won't be a new set of economic projections at today's meeting. So it's unlikely we'll see much how their views have changed. But we know now that there's a bigger divide a bigger debate because of this great economic uncertainty right now that's permeating officials who have to decide on interest rates chief economics correspondent nick. Tim rose nick. Thank you thanks so much. Mark and finally went prices for just about everything are rising. There are ways to cut costs. If you're careful here at the journal we've been looking at ways for people to reduce their monthly broadband. Internet bills personal tech columnist. Nicole win has more. A lot of folks were blindsided by sudden price hikes. Some signed up for internet didn't realize they were signing up for an introductory price a promotional rate that expired suddenly after two years that two year expiration date was somewhere in the fine print but not explicitly in their bill and so when it came time to a price hike there was no warning and they experience increasing rates every year. You can hear tips from nicole on what to do about your internet bill on our sister. Podcast your money briefing. And that's what's news for this wednesday morning. We'll be back tonight with the new show but were always reporting the news on wsj.com and the journal app a mark seward for the wall street journal have a good day and thanks for listening..
"wsj.com" Discussed on WSJ What's News
"In fact more than a third of the s&p five hundred are expected to provide quarterly updates in the coming week. Joining me from hong kong is editor. Quinton web quinton welcome. Hi there mark. Quinton let's first talk about tech and innovation. We have tesla today apple microsoft and alphabet on tuesday. These are companies. That have been doing well. That's right you know. The variety of things going on here. I mean to work from home. Translates very good for some of these companies kind of sped up digital adoption. Some of them are also benefiting actually from the reopening of the economy. So if you are largely dependent on advertising revenue as someone like alphabet is for example. Then it's good as businesses thought to have ties more new platforms. Tesla for example has said that demand is better than it's ever been and this forecast microsoft is going to have a record quarter when it comes to an innings so yeah things are looking pretty good. Could these results are important. But when corporate leaders hold their earnings calls what else will investors want to know. Well i think has ever you know markets. It's always trying to anticipate what's now. And what's in the future and so it's going to be a very strong second-quarter certainly compared to very weak a year ago periods. You know there's a lot of questions that analysts will have about for example what's going on with the delta varian you know. To what extent are they likely to be kind of new restrictions and will they kind of impact business results. And you know we've talked a lot about Various bottlenecks supply chain difficulties. Inflation in certain kinds of prices to what extent of those glitches still in the system or or or companies able to move past them. And of course you can get updates on earnings throughout the week on wsj.com and the journal app quinton webb. Thank you thanks very much just ahead. What new data could soon tell us about the economic picture in america and the rest of the world after the break whatever business urine growth isn't just about getting bigger and adp. We believe it's about getting stronger by turning data into insights.
"wsj.com" Discussed on WSJ What's News
"A company spokesman said potential listing could happen as early as twenty twenty three senate. Republicans have blocked a democrat back measure. That could have led to broad revisions to election law. As we mentioned last night on the podcast. The election legislation could change. How campaigns are financed. How districts are drawn and how elections are conducted. Senate majority leader chuck. Schumer said. Last night's vote was the starting gun not the finish line and that democrats will look at options to advance other election related legislation and new york city in the race to become the city's next mayor as of this morning. No one has emerged as the clear winner in the democratic primary officials say final results may not come in until the week of july twelfth bookkeeping. Keep you posted on wsj.com. Federal reserve chair. Jerome powell is playing down the inflation threat but acknowledges significant uncertainty as the economy reopens. His remarks came during a hearing tuesday on capitol hill. Let's talk about this. Further with markets editor quinton web. He joins me from hong kong quinton. High mach quinton during the hearing one lawmaker reports the nineteen seventies when we saw a double digit inflation. Would what did chairman paul have to say. Well he was pretty emphatic. He said it's very very unlikely that we're going to see a repeat. The thousand nine hundred seventy s. His point is that actually what's happening. Now is being driven by this very unusual phenomenon of reopening after pandemic and as we've talked about before a lot on this program that means a kind of various sort of bottlenecks chain snarlups Difficulty securing enough staff enough product etcetera. And so you know. That's gonna lead to these so-called transitory inflation effects. But you know. Defend is on alert It has details at its disposal if needed to kind of tackle rising inflation rates and it remains committed to this two percent targets so his message is pretty clear. We're not going back to the nineteen seventies and quinton to someone who tracks markets are charon powell's remarks over the last few months a big driver. I mean historically speaking the fed has had some weight. That's right so you know did federal reserve chairman in particular some of the most important actors in markets and you know market participants to some degree. Hang on there. Every was it is important to say though that what we're seeing at the moment is not really as severe as the famous taper tantrum of two thousand thirteen when you know. Markets were really panicked by the prospect of the fed potentially removing some of its extraordinary stimulus. As you know our colleagues have argued in recent wall street journal piece. Actually there's relative calm if you step back away from the day today a bit over. The last few months has been relative calm rather than the kind of slightly more disorderly taper tantrum conditions of twenty thirteen and one potential explanation for that. Is this time round. The fed is maybe doing a slightly better job of communicating. Its intentions intentions. Very well ahead of time. There's also some other things going on too but is the fed significant for markets. Of course all the time and fed pronouncements of what's very closely But maybe it's not kind of roiling. Markets to the same extent has done at some points in the past clinton web many. Thanks just ahead. The pandemic's impact on travel has been widespread. We'll discuss how airports may be getting some health after the break. The road ahead for the auto industry is electric vehicles. But how do we get there on the latest episode of sustainably speaking.
"wsj.com" Discussed on WSJ Tech News Briefing
"There's been a shortage of semiconductors in recent months squeezing automakers and other tech producers and even prompting president biden to take steps to address the issue now. The chip shortage is beginning to cause prices to rise for consumers for more on this. I'm joined by our reporter easily fitch. Hey thanks for being here. Glad to be here so catch us up on the chip shortage. What's really causing this. And what's the impact been like as far so there's a huge demand for all kinds of electronic devices that contain chips and that's been the case since basically started the pandemic people started to do more work at home. They started to play video games and do more stuff at home. And what can you do at home. A lot of it involves electronics and computers. And things like that. So that's kind of the genesis of this thing and they're just been just spiraling demand for all kinds of stuff that contains chips and it hasn't stopped. I mean even even as the pandemic stuff has kind of eased its continued. So there's this huge demand and there's not really enough capacity to fulfil demand right now and that's an addition to challenges on the supply side as well right you know. We've talked on the show. For instance about a big factory fire among other things. Yeah that's right. I mean the way chips are made as you have a silicon wafer and these circuits. These tiny circuits are printed on that silicon wafer. And then those are sort of package up in different ways with plastic resins and other things like that in into what you see in your iphone or you know your printer all kinds of other electronic so at that first stage of production where we're talking about so it can wafers. There's general shortage of silicon wafers among other things and metals. like copper. Go go into production of these chips and so that's causing problems there and that kind of filters into the next stage of the process. Which is these people who make computers like hp for example. They're trying to get those parts and either it's more difficult. Were it's more expensive. And then you have things like you're referring to like a factory fire. There have been a factory fire in japan that caused a lot of disruption. Recently those things compound the issues. So you gotta shortage situation and the last thing you need to happen is a fire that results in your chip-making capacity declining. It's basically a situation where the industry is strained and any new of strain is just going to cause a disaster basically. So it's it's it's not a great situation for for the industry. Yep and now we're seeing some of the cost of all that being transferred to the consumer. Can you walk us through the sort of waterfall of pricing decisions. That result in those higher costs for everyday people. You know it's kind of it's complicated but it's simple at the same time. There's a simple fact that supply and demand when there's an excess of demand and limited supply. Generally prices go up. So you have these problems with things like silicon wafers and other chemicals and other stuff that goes into chip-making. That's so prices go up and so costco up and those costs get passed down to the of the world who make your computers who knows computers. Then go on amazon. You buy them where it gets. Complex is that oftentimes in this chain. Those costs can be absorbed. Chipmaker may charge a little bit more to a computer maker but that computer maker might say well. I don't want costs to consumers so i'll just absorb eat that cost and won't pass it on and my margins won't be quite as good but i'm hoping that people will continue to buy my stuff. Long-term don't wanna scare them up by raising prices that kind of thing so earlier on in this in this kind of supply crunch. We saw more of that activity where the costs were absorbed within the supply chain. Now we're starting to see more of a pass down effect where people actually are passing along. Those costs down the supply chain and it's starting to really impact the pocket book of consumers. And let's just put some numbers to that. Just how much of an increase are we seeing here and what categories of items are being affected. Well it's i mean if you're talking about broadly computers and peripherals the reason inflation figures for may came out showed a two point five percents increase in computers and peripheral prices. Now that might not sound like a huge jump as many other things have gone up way more but four computers and peripherals. that's huge. It's a level of inflation that hasn't been seen in decades normally over the past couple of decades prices of technology of these computers stuff. it's just gone down steadily. It just hasn't gone up really as people have bought. More of these people would produce more of these things. They found ways to cut costs and make them cheaper for consumers. But now we're seeing a little bit of reversal of that and it could indicate more pains come for a consumers. Got it an ace. Said this is something that we have been following for months. Now you know you. And i have talked about this multiple times on the show. Is there an end in sight to this shortage. What's being done to combat this. Well people are. Their factories are firing on all cylinders. Adding manufacturing capacity. Make more of these chips satisfy this demand but it takes time. It takes a long time to get up new production line for chips. And it's probably gonna take say into next year before the industry can kind of catch up to the level demand that we've been seeing recently so this this problem really is here to stay and it's probably going to continue to have new impacts as it extends so no no no real end in sight for the chip shortage. Unfortunately all right. That's a reporter is thanks. Thanks a lot. That's it for today's tech news briefing. You can find more tech stories on our website wsj.com and if you like our show please do remember. Us in your app store. It really does help. I'm amanda llewellyn for the wall street journal. Thanks for listening..
"wsj.com" Discussed on WSJ Tech News Briefing
"Facebook says it's suspending former president. Donald trump's accounts for two years. The decision formalizes the company's penalty against trump after a ruling from its independent oversight board. Last month the company also said it would be clear about some of its rules for other politicians and so for more on this. Turn to our facebook. Or puerto jeff horowitz. Hey jeff thanks for being here and before we get into this. We should note. The owner of the wall street journal. News corp has a commercial agreement to supply news through facebook. So jeff tell us more about this decision to suspend trump. what if facebook say it's reasoning. Why is and what's going to happen at the end of that time so as you may recall. The former president was suspended after facebook found that he had been Promoting violence in his messages to the people were writing at the us capital which left five dead and so there was an emergency suspension Facebook which referred to the oversight board to review and adjudicate board came back to facebook About a month ago and said we think your original decision to suspend president trump was the right one however you have no process and your explanations for what you did in what and why you did it and why then were terrible so you need to figure out what the process is going forward and also offer some level of due process and explain sort of whether the former president trump is permanently banned or can get back on at some point it's cetera and so facebook thirty days to respond to that and they on friday told the oversight board in publicly announced that president trump is suspended for two years and that they will revisit that decision two years from now and see whether he should be let back on and also on friday facebook laid out some changes around how it handles other political figures platform as well not just trump. What can you tell us. So facebook's had an exemption for newsworthy. Content the idea is that if somebody powerful said something that would normally taken down from their platform because it was vile offensive potentially violent that facebook would then leave it up because that person was a public figure and it was important that the public be able to hear from them and make their mind up about what they'd said and this was a policy that kind of was always a little squishy around the edges. It was a surprise when facebook announced it and facebook maintained. It always been the case and it had some obvious weaknesses. One of which was that you didn't know when facebook was saying that a piece of content was perfectly and when facebook was saying that a piece of content was absolutely terrible but they were gonna leave it up because the person was an important public figure so facebook said now that they will going forward make clear when they're invoking the newsworthiness exemption as a justification to we've content up that otherwise would come down on platform what's the reaction been like to these announcements from trump but also more broadly. The president's former president has declared that this is a travesty and Has suggested that he will not be inviting mark zuckerberg to the white house when he is returned to the presidency and did not exactly specify how that was going to work. And the oversight board for its part has basically said okay. This sounds pretty good. So long as you stick to your part of the bargain and you know indicated that a still have concerns about how facebook overseas powerful figures on its platform and that it remains interested but but they at least seem to have given a thumbs up to the initial action by facebook and and the two year suspension. That they've now formally announced got it. So i wanna take a step back and ask about the significance of some of these changes facebook. Ceo mark zuckerberg has notably been very hesitant to police speech in in particular at politicians. What could the impact of these decisions be in terms of moderating politician speech on facebook. So it's a. I think it it certainly holds facebook responsible to something a little bit more concrete right. I think one thing that has been a very consistent issue with facebook over time is that they wanna have rules but at the same time. They don't wanna have themselves bound to a particular response in a particular decision. I mean you know. If president donald trump were still president. Donald trump as opposed to former president. donald trump. Right now you know. I could see how the company might want a different response than the one it came up with but basically by virtue of them laying out their rules. They've kind of force themselves to have to be clear about this. Going forward in terms of you know sort of obligation to police things. They still are sort of leaving themselves. The option to deal with high profile accounts however they seem appropriate and they've said that you know they believe the way they deal with. High profile counts is fully fair and in line with the way they deal with other people's accounts just even if there's a different process but they're gonna have to sort of show the cards a little more on what they do. Which is you know. Potentially very unpleasant depending on the situation and and the p. r. and Reputational and government relations risks So you said before that. These new announcements around political figures were spurred by this decision from the oversight board a month ago. What other changes could facebook make a. As a result of other decisions handed down from the oversight board so in some ways the oversight board and the trump case was kind of the clearest than almost maximalist version of the boards power right we have a single content decision namely to suspend the president's account that is of you know kind of worldwide interest and obviously donald trump had a massive following on the platform. You know just sort of a really important individual decision. The board's powers though are aside from deciding individual content decisions limited to offering facebook sort of criticism and guidance. Thank facebook than has to publicly respond to so we saw them using that here kind of the hill. I mean they. They issued sixteen seventeen different Points that they wished facebook to improve or address in addition to sort of telling them to get their decision involving president trump. a little more order and facebook said it was going to do most of those things. Most of those things are things that candidate the company's been talking a little bit about wanting to do already such as offering more process more transparency in kind of formalizing. Some of its systems that had been a little more ad hoc. I don't know that it's anything that facebook really wasn't kind of thinking about beforehand. But they've they've made some additional commitments here. After this. i sort of expect. The board is going to go back to deciding you know. Very thorny cases on a case by case basis and criticizing the platform instances where it feels. Facebook doesn't have the right approach but it doesn't really have anything on its horizon. That is of the same magnitude in terms of assam up or some down decision our facebook. Reporter jeff horowitz. Thank you thank you. That's it for today's tech news briefing. You can find more tech stories on our website wsj.com and if you like our show a please do rate review us in your app store. It really does help. I'm in llewellyn for the wall. Street journal thanks for listening..
"wsj.com" Discussed on WSJ Tech News Briefing
"The price of doj coin surge yesterday after the cryptocurrency exchange coin base. Said it would allow doj to begin trading on its pro platform. Investors are hoping that the development could signal broader acceptance for the crypto currency. For more on this. I'm joined by our markets reporter caitlin ostrov. Hey caitlin thanks for joining me. Examing me okay. So let's start by backing up here. You know i think pretty much. Everyone knows that though join was originally started as a joke. We've kind of heard that tossed around quite a bit. But what does that actually mean. How is doj. Different from other cryptocurrencies. Yes so doj coin was created in late twenty thirteen as a parody to all the other crypto currencies that were popular at the time the biggest notably bitcoin and it was kind of just made literally as joke gets creators. Just took the code. Some another cryptocurrency. They didn't really change it. They added some comic sans font. They added a doj mascot in that was like that was the only thing behind the cryptocurrency. That was different and to kind of make it even more. You know. Joe cash basically said you know. Bitcoin has this cap of twenty one million. We're not going to have a cap with how many doj coins be created. Because it's a joke. It was never meant to have any value literally designed not to have value in. Now we see it once again. You know gaining momentum in latest evidence of that momentum. It's set to begin trading in queens pro later today. coin is one of the biggest crypto currency exchanges. So caitlin procedurally. What is that gonna mean for doj. It's going to mean that more people have access to it and that they have access on what is seen as kind of more secure more stable more regulated platform than some of the others that exist in so what is going to mean. Is that people who hadn't really had much access to the coin before In the us a lot of people have been trading it on bobbin hood markets which has been one of the big players in the space but also robinhood his head alive issues and terms of you know all of a sudden when there's a bunch of demand for doj they have issues with fulfilling or or similarly. The platform gets really slow. This is going to mean another opportunity for us. Investors to go to a different platform and be trade doj With more options with more competition. And i wanna talk about kind of the significance of this moment. This mean that doj is more firmly on the path to becoming mainstream. I mean in some ways doj. Quinn has already gone mainstream. I mean if if you think about it it's still. It's still a little bit ridiculous just because it's literally meant to be ridiculous but if you think about weirdos coin started started the year worth not even one penny now. It's still trading around forty sensor so so the stability of doj coins vise. I think has caught. Most everyone by applies to see it listed on coin base. Millie does point to the fact that not only are we seeing. Kind of the more speculative players of the crypto financial ecosystem latch onto doj. We're also now seeing that some of the more regulated. Some of the larger players are also getting into the space. And it's really a sign that you know you've had this demand from meteo traders this year and some of the platforms have been a little bit. Skittish have held off kind of wondering how how long this push would be here whether they should be supporting this. And it's really shown. This momentum has actually lasted to a point where you're seeing even people who were saying we're not going to list it because you know it's not something we thing needs to be supported you're seeing some of those platforms jump on now but it sounds like there's still maybe a distinction between this being accepted as kind of an investment asset versus as as a kind of currency. We're not seeing doj. Actually being used to buy and sell stuff far. We know. there's you've had a couple of small companies in a couple of small platforms. Say we'll let you buy very specific items with doj wine but you're not seeing that wider acceptance and even foreign investment case doj coins. Still billy speculative people are buying it because they think that elon. Musk will keep tweeting about it. Which is supported most of the valley this year and that's kind of what they're basing their kind of investment thesis on. They're not sitting there as you know. Here is a long term future doj It's very much a can. I make some money off of this next couple of months so it's still a ways off from real legitimacy. It seems like which i think brings me to my next question. Which is why would coin base. Start listing dodi this kind of unproven currency what is is for them platforms coin based in other exchanges. They already offer. Trading in crypto currencies. That may be are sometimes focus on small group of people who want to buy and sell it it probably means we paying a little bit of a premium actually traded on those platforms but for coin. Based this billy was in response to customer demand. People had been asking for this so much so consistently that you know. They kind of felt like they needed to make sure that they were bringing those investors into their ecosystem so for them. This was really a decision that was probably in large part motivated. By the fact that you've had such strong retail demand and you've had it stay consistent for most of this year and other risks associated with this move for coin base queen mesa said that if there's not enough liquidity if there's not the easy ability to buy and sell doj coin that they're going to basically pause what people can do with it like they wanna make sure that all of a sudden you know. They're not seeing. Everyone wants or by wants to the point where you know it winds up being really hard to have a market of both buyers and sellers. So they've laid out the terms you know they're going to be watching this very closely. They don't want to create an environment in which people who are trading on their platform suddenly wind up in a very tricky environment. So they're trying to be very slow and careful about this and they've said that they're only going to go ahead with trading today if you know that liquidity is met. Yeah and you know speaking of key linda. You've been kind of our goto for crypto currencies and especially for doj during this wild ride over the past year. What you're going to be watching for as doj begins trading later today. I'm going to be watching the see. I guess how many people actually go to joint base to start trading this. I'm going to be looking to see what types of investors they are in honestly how the platform holds up I've got a lot of reader. Emails about concerns with people not being able to actually execute their trades on robinhood or crack in or various other crypto currency exchanges. And so. i'm going to be curious to see if you know if this is different or emphasises much the same because a lot of these platforms see appetite that they didn't quite expect and it's really hard to suddenly scale up that already that their markets reporter caitlin ostrov. Thank you. thanks for having me. That's it for today's tech news briefing. You can find more text stories on our website wsj.com and you like our show. Please do reach us in your app. Store it really does help. I'm amanda llewellyn for the wall street journal things..
"wsj.com" Discussed on WSJ Tech News Briefing
"Development or deployment effort to five g. Yeah and we've been covering some back and forth on the show even especially around while way so during the last problem i wanna talk with you about is about the actual applications of the technology. We talk about how four g. enabled the app economy. It's a big reason. That companies like uber for instance or even around and the way that five g has been pitched. It said it's going to bring about bat scale of change a new generation of tech and innovation. But it seems like some of those ideas applications. Just aren't there yet. Yeah yeah now. you're you're exactly right. Yeah four g. The thing that sort of helped adoption there was that people could see the benefit of heaven for g versus three g and one of the big reasons for that was the was was video. Consumers could actually notice dramatic changes and being able to access video for the first time on mobile devices that didn't buffer all the time and that was kind of the app if you will or they call it. The killer use case that drove adoption for four g. But that doesn't seem to exist at least not yet with five g. and that is making the telecom companies say are you know this is worth pouring investment capital into to build out because we actually have demand for for this kind of killer app. So there's there's no there's no killer app yet. It could come soon. But we just haven't seen it yet and these carriers kinda got burned with the forty roll out to right. Yea spoke to several people who mentioned this including former executives at equipment makers and other companies and they said when four g. came around. They spent all of his money. You know again building these networks and building towers and so on so forth and most of the value that came from that went to technology companies. That benefited from those services. That connectivity one example. That is uber. You know they wouldn't be around if you have. Your mobile devices couldn't quickly update your location. You know in really create that apple economy and what it means. Is that just a little more cautious about how fast they deploy investment capital one of the areas that they are looking at our businesses. They believe enterprises will be at least at first one of the main users of five g for connected factories. Iot devices that sort of thing but a question there is are these enterprise is going to go to the to the wireless carriers to build the five g networks or are they going to essentially build it themselves or you know work with a different party and so that that remains to be seen no. There's been a lot of partnerships if you will between some of the big carriers and you know companies like amazon that are targeting businesses with somebody's five g capabilities. But it's still early early days on that. Got it so. Jared you've just laid out some of these reasons that the us has roll up has been so slow particularly compared to other countries. You mentioned south korea but the top. I'm wondering what the of this could be particularly as the us works to maintain its leadership tack in the face of competitors. Like china for instance. Yeah this is. This is a point the us especially in the past few years has really made an emphasis on investing in technology to compete with other countries. That competition is militarily that it has to do with economics because we all know how tech can can drive innovation and and markets and so the us government in particular has really made emphasis to invest in ai in quantum sciences and also in five g. And you know. I think what the implications of this sort of slow roll are. Are that sort of getting to the innovations that could lead to new technologies you know could lead to advances in science and health care and so on and so forth they just might be a little delayed if other countries already have that infrastructure and already have five g that's that's up and running and buzzing it at full capacity so to speak they they could get there faster so i think that's a concern for the us in and why they are making a push to do something about it Through policy and other measures aren't that's our reporter council banks. Jared all right thanks. That's expertise tech news briefing. You can find more stories on our website wsj.com and if you like our show please do reserve s in app store. It really does help llewellyn for the wall street journal. Thanks for listening..
"wsj.com" Discussed on WSJ Tech News Briefing
"Fans get ready. . Apple is hosting its annual September special events today. . Normally, , this would be a big conference where the company unveils a whole new lineup of products often with the latest iphone taking center stage. . But our personal tech columnist, , Nicole New Nuez says back could be different this year. . The biggest thing to note is that this year there will likely be no iphone and that's because coronavirus related shutdowns in factories in China. . Means that Apple's supply chain was was seriously disrupted and and so we're we're not expecting a new iphone until next month. . But this month, , this event will probably see a new apple watch and maybe an IPAD two. . And if this June's worldwide developers conference was any indication, , today's virtual event is likely to be a highly produced even cinematic spectacle but Nicole says it's important not to overlook the products themselves speaking purely from a product perspective. . I think that Apple's biggest fans wash the keynote and members of the press watched the keynote. . But you know most people are getting their news through outlets like the Wall Street Journal or Apple's website or experiencing the products in store, , and what will matter most probably in in times like these is an accessible price point for its products and so you know while apple pours a lot of resources in terms of time and money into making the presentation as beautiful as possible. . The way most people learn about new products is outside of that presentation. . So I think the features of in the new products and the new products, , themselves will matter matter more to apple's bottom line than the actual presentation does Nicole and the rest of our personal team will be following today's event. . As it happens, , you can check out their coverage at wsj.com. .
"wsj.com" Discussed on WSJ Tech News Briefing
"Late last week China updated its export rules that might sound like a small thing but it could have a big impact on the tech industry. . One of its changes focused on artificial intelligence technology including things like content recommendation algorithms. . It just so happens that an advanced content recommendation algorithm is central to you GUSTA Tiktok. . The Algorithm is a big reason why companies like Microsoft Oracle and others are so interested in buying the social media up the new rules from China could apply to any sale of TIKTOK US operations. . So deal talks are in limbo and the impasse is raising the question what's TIKTOK WITHOUT ITS ALGORITHM Here to explain as a reporter. . Aaron thanks for joining us. . Things revved me. . So what is it about tech talks algorithm that all these companies are interested in what is the do? ? It. . Surfaces content you know I. . It's. . It's like any other sort of use suggest auger them. . You you see on your facebook news feed or browsing instagram in the search function you know it's just it's just catering in tailoring content for you, , but it's pretty remarkable the level of engagement that Tiktok as seen because of the algorithm and they they have they have different algorithms, free , country tailored to different cultures and countries and. . Regions and they have so many users engaged. . They get so much data that they're able to really tune these algorithms for maximizing the kind of engagement they get, , and so you know without it it's you know what is tiktok except a pretty basic video app it is really the core of the product. . It is pretty essential and TIKTOK has a really big audience. . Are they enough to keep some buyers interested on their own? ? Yes. So . if the American companies were to buy, , Tiktok with out the algorithm than what they get is is a pretty good video APP with a lot of users, , and if the product doesn't work the same way, if , it doesn't, , it doesn't lead to that kind of crazy engagement they get now the algorithm powering it I think there's a real risk that this audience would leave the platform. . Right. . Now they've they've around one hundred, , million monthly US users you know in these companies would have to develop their own out of the room but that would take quite a long time months possibly years and I think by then it'd be there'd be a big risk of these users leaving the platform, , and of course, , the stakes are pretty high. . The trump administration has said that tiktok either has to sell the operations or face potential ban and. . Talk is a lot less appealing to these companies without the algorithm and without its audience. . So. . Looking foward what's next for this deal? ? Yeah right now, , it's kind of a above the company's heads. . You know right now it's this sort of geopolitical tug of war between us and China both governments trying to weigh in on the deal and and decide what how this will be best for each country and the company's inside that country. So . right now it's it's really kind of above them and it's waiting to see what the Chinese government will or will not allow to be sold and what? ? The trump administration deems appropriate insecure for Americans. . So all these companies involved in this deal are any kind of wait and see mode in some ways. . I mean. . They're trying to negotiate these things but they really have to wait for these governments to decide what they'll allow to happen. . Yeah and zooming out to that geopolitical level I as a huge engine behind development in right now, , and it's the thing that's being restricted here by both the US and China. . Why is that an and what could that mean for tech innovation the future? ? Well I. . Think There's been certainly love commentary about the sort of Cold War, , going on. . In artificial intelligence is very central to that. . Certainly, , tiktok uses the artificial intelligence technique called deep learning to develop their algorithms are so the results in so much engagement and these same serve techniques a deep learning are being deployed and weapon system. . So so whoever has access or the the ability to develop some the best says Systems here I think has a huge competitive advantage. . So both sides are trying to keep a very close eye on who has access to that and how it's how it's deployed and and you know China doesn't want to give away the keys to the algorithm especially around Tiktok, , which has been there really big global success. . One of their first big global successes in the Texan
"wsj.com" Discussed on WSJ What's News
"For months Europe was under a lockdown during the pandemic borders were closed people stayed home and the number of corona virus cases plummeted. . Now restrictions are lifting and in some places, , cases are rising especially among young adults. . The Wall Street Journal's boy on Pinch. . Husky is covering the story from Berlin. . Hey, , there boy on hi there. . Hello and boy on. . We're seeing arising cases in Europe. . Especially among young people, , why is this happening? ? Yeah. . We'll see markets been six almost six months of this pandemic and people and especially young people seem to be growing tired of the measures right? I ? mean they. . Of course, they , know what measures are. . I think at some point old them have respected the measures as much as they could. . But now you see sort of a widespread. . Fatigue with with the restrictions and people you know are just kind of eager to get on with things. . What happens here in Berlin is impacting park where Around the corner from where I live you pretty much have almost every night a legal of mass party of ranging from dozens to hundreds of young people. . In, , their teens or in their early twenties who kind of congregate with kind of music you know they have this Internet speakers and they play their own music and they bring their own booze and and some of them bring their own drugs. . And they have these parties because the clubs are closed and Berlin is famous for its club scene is one of the sort of landmarks of the city. . Really. It's . one of the tourist attractions of the German capital the. . Nightlife and it's all shutdown. . It's been shut down since March? ? and. . I guess young people have found a way to kind of circumvent that. . And, that's , also true of other cities in Germany. . You know you have more or less clandestine parties some of them are not that. . They take place Frankford the couple of weeks ago there was A. . Big Impromptu Party. . On in a central square and to the point where the police had to intervene, , and there was some sort of altercation people throwing bottles at the police and so on. . So we have parties taking place. . We also have travel opening up across the E U people can move once again. . Is. . That also play a role. . Well, , yes authorities have said medical authorities in several countries including Germany hap- said that serve her the reopening of the border some the continent than the serve. . The restarting starring of the season has played a role in the rise of the number of cases and spread of the infection. . Essentially, , quite quite a few of the small outbreaks in Germany. . Now are said by the authorities to be due to people coming back from tourist hotspots such as Spain and bringing the virus with them and then infecting their communities. . So definitely, , there has been a factor I mean, , if you look at Greece and Croatia to and Spain. . Three countries that have major tourism industries all of them had the very low level of infection until July, , when when tourism, kind , of re started and all them are reporting. . An uptaken figures to various degrees. . G-GREE-GREECE has a smaller uptake but but Spain has a huge uptake. . Angry show was down two zero before the tourist season started, and , now now they also are struggling with with a resurgence of of the infection. .
"wsj.com" Discussed on WSJ What's News
"Visit wsj.com. In Atlanta, a new wave of protests begins after a white police officer fatally shoots a black man in the back. We will have the latest plus we look at India Weird faces unique challenges in controlling the corona virus now with this soon, Nami of covid cases. What was on a regular day? Already a bad situation has become impossible, unbearable and volatile markets as well as volatile trading of volatility. We'll simplify that and explain why matters it is Monday. June the fifteenth I'm mark, Stewart with the Wall Street Journal, and this is what's news. We're going to begin in Atlanta, we're prosecutors. Protesters and politicians are raising questions. Following the fatal police shooting over the weekend. Videos of the incident are getting international attention and the local DA, said the officer scenes shooting the man on video could face a murder. Charge Atlanta mayor. Kisha land's bottom spoke over the weekend while we have a police force full of men and women who work alongside our communities with honor, respect and dignity. There has been a disconnect with what our expectations are, and should be as it relates to interactions with our officers and the communities in which they are entrusted to protect. Video Shows Rashard Brooks running from police in a Wendy's parking lot after grabbing a taser from an officer, he points it at an officer, though it's not clear if he fires the Taser then one of the officers shoots Brooks Atlanta's police chief resigned in the wake of the shooting. The officer seen pulling the trigger was fired. The other officer on the scene was placed on administrative duty. It couldn't be determined if the officers have attorneys. The deadly shooting sparked a new wave of protests..
"wsj.com" Discussed on WSJ Tech News Briefing
"Says it will protest the Pentagon's award of a massive cloud computing contract. A Microsoft last month Amazon had long been the favourite to win the joint enterprise defense infrastructure or Djeddai contract which is valid up to ten billion dollars over the next decade. The Department of Defense investigated and cleared Amazon of conflict of interest allegations but nonetheless ruled in the end. The Microsoft was more qualified for the job.
Is Social Media Ready For Another Round of Elections?
"The variety is working with meta viz to help doctors fight cancer. Like, never before using the power of Verizon, five G ultra wideband meta viz will take two dimensional patient, imaging, whether an MRI or cat scan and converted into three dimensional holographic renderings. This will fundamentally change how doctors visualized cancer. This is tech news briefing, im Tanya, boosters reporting from the newsroom in New York, on the heels of the democratic debate, we revisit social media's continuous struggle with election interference is a company like Facebook ready for another round of battling against constant misinformation becomes the question. CEO Mark Zuckerberg talks where it stands amid another impending election cycle. That's after these tech headlines. Apple design chief, Johnny. I've is set to depart ushering in a new era. This comes several years after becoming less involved in the day to day, business and design work at apple. However, the announcement means the removal of Apple's most prominent leader after chief executive Tim cook as he's noted as the person who most embodies, the design wizardry achieved by apple under its late chief, Steve Jobs. Bus dot com which runs a platform for turning unused buses into cash for bus owners raised fifteen million dollars. This is as investors look to buses as the next potential wave of mobility startups, the series, a funding round was led by auto tech, ventures and cycle capital management and the new capital brings the total amount raised to twenty one point five million dollars. Why using bus dot com? People can rent out buses from school buses to traditional coaches by the hour from third party bus owners. Andy food, and Drug administration warns that certain Medtronic insulin pumps have cybersecurity gaps ones that could allow hackers to change the device settings and cause harm to diabetes patients who use them. The FDA says about four thousand patients may have used these mini med five oh, eight and mini med paradigm series pumps, which the company is recalling the pumps are from twenty twelve and earlier and Medtronic says it will replace the pumps for eligible patients. The FDA says Medtronic is unable to adequately update older pumps with any software or patches head to wsJcom. For more information coming up CEO Mark Zuckerberg, says Facebook alone, can't stop election interference, but it's still going to fight against it. With the latest tech. Verizon is working with meta viz to help doctors fight cancer. Like, never before using the power of Verizon, five G ultra wideband meta viz. We'll take two dimensional patient, imaging, whether an MRI or cat scan and converted into three dimensional holographic renderings. This will fundamentally change how doctors visualized cancer. Speaking at the Aspen ideas festival in Colorado Facebook CEO, Mark Zuckerberg addressed the company's efforts to stop election interference, claiming the US government's failure to apply pressure to Russia, following the two thousand sixteen election sent a signal to the world that, quote, we were open for business and quote. So now he says, getting election integrity right remains at the top of Facebook's priority list. There are a number of different strategies that we've taken as a company to prevent state actors like what we've seen Russia do in, in tried to do in the twenty sixteen elections for being able to do that, again, elections around the world including the twentieth eighteen midterms and upcoming the twenty twenty elections, according to Mr. Zuckerberg, there are key tech tools in place. And many of them are working the things that have made the biggest difference are one is building up really sophisticated technical AI system. Uh-huh. And hiring a whole lot of people. We have thirty thousand people at Facebook who work on, on, on content and safety and safety review to be able to find these networks of bad actors to be able to take them off the systems before they have the opportunity to spread propaganda or misinformation or whatever they're spreading. We've gotten much more sophisticated at that. It's an arms race Russia and other folks have also gotten more sophisticated in their tactics every election. We see new tactics, but through a big investment in this, we're able to stay ahead and keep the progress going on that. However, he notes that current tools can only do so much as a private company, we don't have the tools to make the Russian government stop. Or for we can defend is best as we can. But our government is the one that has the tools to apply pressure to Russia. Not not us. Right. So. You know, one of the mistakes that I worry about is after twenty sixteen when, when the government didn't take a any kind of counteraction. The signal that was sent to the world. Was that, okay? We're open for business countries can try to do this stuff. Then our companies will try their best to try to limit it, but fundamentally there isn't going to be a major recourse from the American government. So now Zuckerberg says, Facebook remains engaged in ramping up defenses that it does have the amount that we spend on safety and security, and I was a company, it's billions of dollars a year. It is greater than the whole revenue of our company was when we went public earlier this decade. Right. So we've, we've ramped up massively on the security side. But there's very little that we can do on our own to change the incentives for nation states to act. That's something that, that is a little bit above our pay grade more on the Aspen ideas festival, head to wsJcom that wraps up this edition of tech news briefing from the newsroom in New York. I'm Tanya boost does. Thanks for listening.
Li-Fi Makes New Waves in Aerospace Industry
"The university of Alabama school of law online, choose between an l l m and tax or business transactions for lawyers or jurists master in taxation for non-lawyers. Connect. And learn with live lectures details. Had Bama by distance dot U, A dot EDU. This is tech news briefing, im Tanya, Bustos reporting from the newsroom in New York. Coming up, you've heard of wifi. That's old news. It's all about life. I now much faster than WI fi. It has become one of the biggest innovations in the aerospace industry. Lightning fast internet on aircrafts is about to take off more after these tech headlines. The FBI is looking into whether lab testing startup, you bio used improper billing codes in claims and sought payment for unnecessary tests. You buy ohm had been trying to build a business on testing patients microbiomes the microorganisms in the gut, and other parts of the body based on emerging science that suggests microbes can play a role in health as the Wall Street Journal. Previously reported FBI agents searched the company's San Francisco offices in April step to date with the very latest on the probe and the tech behind it at wsJcom. The CIO journal says information technology executives are pushing to make their systems, more energy efficient developing and tweaking software to cut waste. And now tracking how much energy their operations consume. IT leaders are choosing to play a bigger role in reducing the energy consumption of the hardware, and software as well. A crucial part of this is the companies moved to the public cloud, which of course, cuts down on energy guzzling data centers. Take atlassian Corp Sydney-based maker of online collaboration tools for business. For instance, the company aims to run all of its direct operations primarily buildings on one hundred percent renewable energy, including wind and solar by twenty twenty five and care for one of Europe's largest grocery retailers is unloading most of its operations in China were big box retailers are struggling to keep up with nimble delivery providers the kind that are currently winning over shoppers. The move also marks. The latest retreat by a western company in China in the face of stiff competition from home, grown rivals care for is selling an eighty percent stake in its Chinese business, including more than two hundred stores. This comes at a price tag of about seven hundred million dollars. The French company wants a dominant force in many tiny cities saw its sales in the market fall, five point nine percent last year. This comes as western companies are finding the country, brutally competitive and fraught with regulatory hurdles McDonald's. Hewlett Packard and Uber. Armone those who have pulled back or chain strategy in recent years. Coming up picture this lightning fast internet on aircraft. That uses light to transmit signals have the airspace industry is taking it to the next level with life by the university of Alabama school of law online Jews between an l l m and tax or business transactions for lawyers or jurists master and taxation for non-lawyers. Connect and learn with live lectures detail. At Bama by distance dot UA dot EDU. One of the biggest innovations showcased at the recent Paris air show. The one that still has all the airspace enthusiasts talking is life by French company pardon. My French and I mean this, I'm sorry let's say co year. Claims lie fi is up to one hundred times faster than WI fi. Here's surge Barringer senior VP for research and tech at the company explaining the difference. So the wifi is working with a radio frequency. Where was your life fibroids with, like making life by even more notable? It eliminates the sensitivity to radio frequencies, a frequency was impacting health, Folsom, people addict sensitive fall some others that doesn't work but know not lots of a wifi embedded in the prophets. It will impactful her of people in town and for all the five G hype. Here's where something like five G really comes into. Play for WI fi. It's by cutting the costs of satellite operations, which then makes more of the tech free for airlines and passengers to use for the satellite communication gonna do the across to the rest of the will does have limited bandwidth, but in the coming years to sip all to the five G deployment, launch number of satellites willow to reduce the cost of set. Calm and enable and support the deployment of five G himself countries will be faster than in others, but in a long term, you will have a better and cheaper connection than in these today to from from your cuff to the rest of the will catch up with more of what you may have missed. The Wall Street Journal, has full coverage of the latest in airspace technology. That's it for the tech news briefing from the newsroom in New York. I'm Tanya boosters. Thanks for listening.
Are Companies Clear on Cloud Safety?
"Here. The extraordinary secrets of how to thrive in disrupted world, the old rules of management are not ready, correct anymore. So what works making a wise, pivot, pivot to the future, will I am Omar Abba, subscribe wherever you get your podcasts. This is tech news briefing, im Tanya, boosters reporting from the newsroom in New York coming up clearing up the cloud, and more specifically, how safe it is a look at how some companies stumble indie face of cybersecurity risks asking the question. How safe is big data in the cloud. And how are companies staying on the ball? That's after these tech headlines. The Trump administration is examining whether to require the next generation five G cellular equipment, be designed and manufactured outside China. The move could reshape global manufacturing and further fan. Tensions between the countries as part of the review US officials are asking telecom equipment manufacturers, whether they can make and develop US bound hardware, which includes cell tower electronics as well as routers and switches, the conversations are in early and informal stages. These executive order calls for a list of proposed rules and regulations by the one hundred and fifty day deadline in October Stu who has more at wsJcom. Some of the biggest restaurant operators are pushing back against fees, charged by delivery companies. The latest journal reporting says McDonald's Applebee's and cousins, submarines are among the chains negotiating to pay lower commissions and asking their delivery partners to spend more on marketing, and promotional discounts is comes at the right time. According to a recent analysis of credit card data delivery companies are plowing money into their businesses and intensifying the competition since two thousand seventeen for example, grub hubs market share has roughly have while door dash and Uber. Eats have gained businesses. And French, 'electronic aerospace company, Thales is exploring new artificial intelligence tools warns that will eventually separate, and keep track of unmanned aircraft at low altitudes. The journal says the company is convinced such tech offers the best chance to cope with the antiquated growth in commercially operated. Drones, here's the story, existing radars and human traffic, controllers simply won't be able to handle the crush of data and only a applications are likely to have the capacity to react quickly enough to maintain a safe, buffer around individual drones. The trend was evident during the Paris air show last week with several companies disclosing new ideas for opening up additional airspace, for unmanned aircraft coming up putting data into the cloud can make it more secure. But look at how major companies are handling things and whether they're making the right moves to keep the cloud and your data safe. Capital. One knows life doesn't alert you about your credit card. That's why they've created Iino the Capital One assistant that catches things that might lef- wrong with your credit card, you know catches over tipping, duplicate, charges, or potential fraud. And then sends an alert sheer phone and helps you fix it. It's another way capital. One is watching out for your money when we're not Capital One. What's in your wallet? See Capital, One dot com for details. Across every industry. The topic of cyber security continues to dominate the boardroom conversation. That was never more clear than at WSJ pros. Recent cyber security executive forum in London. Theresa Walsh, global, head of intelligence at FSI a c has more. I think a lot of people look at the cloud and think that there's a lot of hackers always going after it. And that's the main cause of concern. However, if you look at a lot of the different issues that people have had over the past few years, it's usually down to human error, and a Miskin figuration a misunderstanding of, maybe what they were dealing with and really work consortium of, of members of, of regulated financial institutions. So they're trying to share formation about how to do this. The lessons learned learning from each other's mistakes, whenever you do see something like this, like a miss. Ration- of, of an AWS S three bucket or something like that. Leave Ruben is council at Pillsbury Winthrop shop Pittman he spoke of how security and the cloud, ultimately become a complicated search, for clarity. The, the wis seeing now between providers if a customer set up that idea AWS instance themselves, something goes wrong. Then the cloud provided content around. So we'll this was your wherever you'll customer ever. You'll use eras Renault responsible, but whether the lawns get muc. Yeah, is with as amendment of collaboration and it might be it's not clear in the contract ultimately who's responsible for what with new European regulations on privacy and network security coming into force? It's a critical time to benchmark company practices. There is more of an expectation. Now from customers say will we need some help you'll the expert. But go the cloud provider. You'll the expert this, you'll technology you need to educate us in good us through this. So if we do something wrong, we don't expect us the private tournaments. I will. That's not all out. That's you will folk moving expectation now from customers saying, well, we, we won't and education training piece around that and really guide it through. So whether that's the providers themselves take on themselves and say, well, his some protocols that we get. For what in this, and we're going to comply with these, we'll get them all for you, try. We're gonna give you a help blowing service that you can just pick up and an all these sort of collaborative polish elements that we see which the provide is all starting to, to play Alton because they realized that it's a competitive marketplace. I've customers not getting the service that I won't that just going to switch, and go elsewhere for more on WSJ pros cyber-security executive forum head to wsJcom that's it for the tech news briefing from the newsroom in New York. I'm Tanya boost does. Thanks for listening.
Can Cybersecurity Take on Facial Recognition Risks?
"The university of Alabama school of law online, choose between an l l m and tax or business transactions for lawyers or jurists master in taxation for non-lawyers. Connect. And learn with live lectures details. Had Bama by distance dot U, A dot EDU. This is tech news briefing. Im Tanya boost does reporting from the newsroom in New York. Coming up trade dispute aside, when it comes to the biggest emerging Tech Trends, we're does the US stand against China from digital payments to facial recognition tech where the race has settled as of late and how cyber safe is this race. Anyway, that's after these tech headlines. Speaking of China's Weiwei technologies is delaying the release of its much hyped foldable smartphone. It is delayed until September from previously announced launch date of June at the journals Delyth tech conference in Hong Kong last week, Vincent Pang. It senior vice president said the move follows Samsung's decision to delay the late April launch of its galaxy fold after the device reviewers discovered problems with its foldable screen while way continues to remain in testing mode with Mr. Pang adding that the company is moving to release the device, quote as early as we can and quote. Lyrics site. Genius media group accuses Google of lifting its content. Here's the story genius says Google made a subtle change to some of the songs on its website, alternating the lyrics apostrophes between straight apostrophes and curly single, quote marks there is a difference, that's according to genius. Google denies wrongdoing. The complaints come amid mounting concerns over the business practices of Google and other tech giants, the Wall Street Journal recently reported that the Justice department is gearing up for a new anti-trust probe into the search company. And you reporting shows that car companies are stepping up efforts to tackle distracted driving from installing cameras to new monitoring tech that detects wanna driver's attention. Wanders from the road case in point, Volvo will start using new I tracking devices across his light up over the next few years in a system that would send an alert when a driver's eyes or verdict for too long Subaru, for its part installed a similar driver monitoring system and its forced or crossover last year. And BMW also is introduced trackers in a limited number of models, combating distracted driving has long been frustrating challenge for car companies regulators and law enforcement. And according to the journal, safety and insurance groups say distraction related deaths are likely much higher because many drivers are reluctant to admit to mobile use. After an accident coming up checking in on where the US ranks among some of the biggest global Tech Trends on the horizon, and how safe we are among them the university of Alabama school of law online choose between. An l l m in tax or business transactions for lawyers or jurists master and taxation for non-lawyers. Connect and learn with live, lectures, details at Bama by distance dot A dot EDU. Checking in on some of the biggest global Tech Trends while concepts like facial recognition check and digital finance continued to face much pushback in the US, some of the world's biggest tech companies are telling a slightly different story. Fresh off the stage at WSJ's de live conference in Hong Kong. The CEO of online travel company, booking Glenn Fogel, says China in particular, is using facial recognition to increase efficiency noting. The country is a head of the US in digital payments, and fischel recognition, nobody Lee, you is thinking all Ali pay, or we chat with that, but people live on that in China. And one of the biggest things are some of the technology differences. So, for example, things being really, picked up fast in, in China in general facial recognition in China, where they're using it to make it more efficient to get through an airport or any type of security thing. And this became more efficient, d she spans beyond China. And as we creep into the world. Of digital regulation. New such tech is beginning to cause headaches for companies who have customers worldwide different parts of the world, different legal jurisdictions that are coming up with different rules, Judea GDP are in Europe. You got this California law and all sorts of different things coming up in the questions. Sometimes I conflict in the makes it really hard for a global player, especially when you have customers who are going all these different jurisdictions, which one applies. How do you do it? How do you match that up? That's costly. It'd be lovely if there was sort of one Google regulation privacy, we've got a little follow that, and where do you store, the data incredibly complex issues. We got a lot of people working on it again, from my point of view of the CEO. I just make sure that it'd be understands all of our employees understands. How important it is to make sure we do. What is right? Which is maintaining the privacy for our customers because he had don't do that. You lose that trust. And you lose that trust you lose the consumer that's on. We don't want to have happened leads us to the very important question of cybersecurity at WSJ's recent CFO network annual meeting in wash. Washington. We learn how CFO's grapple to figure out how much cyber security spending is enough. Judith Pinto, managing director at promontory financial has more on where the business of cybersecurity goes from here encryption is going to need to change an understanding sort of the impacts with what you have is really critical, the risk, we have with a lot of these technologies that are very powerful. Whether it's quantum computing or AI machine learning is the bad actors have access to the same tools and oftentimes are very well funded and trained in how best use these we're seeing a lot of firms trying to the game because the impact could be huge for more on what the biggest tech leaders have to say on the matter, head to wsJcom that does it for the tech news briefing from the newsroom in New York, I'm Tanya boost dose. Thanks for listening.
CES Asia 2019: Next-Generation Cars, Smart Homes, 5G
"The variety is working with meta viz to help doctors fight cancer. Like, never before using the power of Verizon, five G ultra wideband meta viz will take two dimensional patient, imaging, whether an MRI or cat scan and converted into three dimensional holographic renderings. This will fundamentally change how doctors visualized cancer. This is tech news briefing, im Tanya, Bustos reporting from the newsroom in New York coming up a check in from CAS Asia in Shanghai, what one of the world's largest consumer technology shows has to tell us about the future of the US China trade dispute cars, five, G, your security, and how it all ties together, that's after these tech headlines. Broadcom said it would make two billion dollars less in annual sales than expected following the US ban on exports to Chinese telecom giant hallway, it becomes one of the first big chipmakers to quantify the financial impact of the Trump administration's escalating trade dispute few US chip companies who ship components to alway have reported financial results since the Commerce Department placed the Chinese company on the so-called entity list last month the one that bars businesses from supplying US technology to while away without a license. The situation has left the economic effects of the move, and brought her trade tensions difficult to ascertain a sufficient covers it all at wsJcom. Facebook has signed up more than a dozen companies including visa MasterCard pay pal and Uber to back, a new cryptocurrency plans to unveil next week and launch next year. The financial and e commerce companies venture capitalists and telecommunications firms will invest around ten million dollars each in a consortium, that will govern the digital coin called libra the Wall Street Journal reported last month that Facebook was recruiting backers to help start the crypto based payment system and was seeking to raise as much as around one billion dollars for the effort and as the streaming wars continue to heat up Morgan Stanley has something to say the firm says it sees Disney's upcoming Disney plus streaming service ramping faster than net flicks because apparently the over the top market is more developed today than it was twelve or thirteen years ago. Also, according to the firm, Disney brings known brands and intellectual property to the marketplace, adding that it also believes Disney, plus. Can be as efficient as Netflix in content as well as marketing spend this is all despite operating on a smaller scale since it already incurs significant marketing costs on its brands coming up a check in from CAS Asia for a look into the technological future. Verizon is working with meta viz to help doctors fight cancer. Like, never before using the power of Verizon, five G ultra wideband meta viz. We'll take two dimensional patient, imaging, whether an MRI or cat scan and converted into three dimensional holographic renderings. This will fundamentally change how doctors visualized cancer. At the Consumer Electronics Show in Asia Shanghai hosted more than five hundred fifty exhibitors, who were on hand for a merging of the tech minds opening the Consumer Electronics Show was Gary Shapiro president and CEO of the consumer Technology Association. He said it is the only event on the continent. That brings the entire consumer tech ecosystem together to better our future tall order one big issue that came up the future of five G networks, and one of the most popular booths at CAS Asia was wall weighs it all came together as the world's top network equipment. Provider comes under fire, US officials have accused Chinese technology companies including wal way of threatening international cybersecurity. And at the event, we learned while ways AI strategy. Karen ship hookah, executive vice president of C, T A says the answer lies in five G tech. You know, I think everybody will figure out a way to make. G happened because it's important. And while there may be some conversations and things happening around terrorists right now, you know, my guess is that this technology is going to be something that's going to be ruled out, and everybody will figure out how they get it to market because it's just too important not to, and we haven't even seen the impacts that will make. And that's not uncommon with new technologies. Is it takes awhile for both the industries to figure out how to work together and bring him to market and then for consumers to understand how they can be market, and how they can be valuable fighting for right says the other big topic of discussion at CAS Asia cars, we learned that new sensors and radars make the case for the future of riding in cars, take carmaker Audi. It showed off a new tech developed by hollow ride the start up at founded, and it CEO knows Walney explains. How car rides are about to change very important aspect. When it comes to vehicles, many people do feel uncomfortable when consuming visual media, and a car. Because they actually get motion sick. So there are statistics out there that more than twenty five percent of the people can't stand watching visual content while on the go. This is due to the fact that what they see in what they feel is not matching. So we tackle these problems by combining or merging three core technologies. So I'm not on the one hand. So the connected vehicle. So what we do. Use is the real time data from the call like location, acceleration, braking, steering, and so on, and we combine this intelligently and in real time with virtual environment. So extended reality technology. And when VR comes into play things start to get really interesting with being in a car driving the cars, I'm on drives the car. You're sitting on the back seat. You see over tial. Experience it becomes way more immersive. Secondly by combining VR environments with navigational inflammation, it becomes tailored to your route. So for the first time actually the content adapt to your travel time. That's why we call. It also less content and last, but not least because of the synchronization of the visual content with the movement of the car with almost no latency people. Get less nauseous, and it was just a sampling. For all the latest tech driving us into the future. Sorry, checkout more from Asia. That's it for the tech news briefing from the newsroom in New York. I'm Tanya boost does. Thanks for listening.
Amazon's re:MARS: The Robots Changing the Future
"Taste your way through Napa Valley, California with WSJ magazine and into Gari book this exclusive trip at Indy. Gari dot com slash WSJ magazine or call six four six seven eight zero eight three eight three. This is tech news briefing, im Tanya, boosters reporting from the newsroom in New York, coming up, we're going to re Mars, not to the planet again, at is an event hosted by Amazon CEO Jeff Bezos that brought together the leading minds to advance a golden age of innovation recapping. I look at the robots changing the future after these tech headlines. The journal reports that new while way phones will not come with Facebook, Instagram or what's app Facebook, which owns popular apps including Instagram. And what's up is one of the many software makers whose apps come pre installed with wa phones Facebook is the latest company to restrict access to its products following the US blacklisting of the Chinese tech giant, follow dance. Trump's coverage for more at the journal at wsJcom apples plan to allow anonymous sign ins on mobile apps to protect users privacy is threatening to choke off data to companies including Facebook, and Google as both use the information to track users and sell ads based on their habits. When apple releases its new mobile operating system. This fall apps download it through Apple's app store. We'll have another alternative clicking on an apple icon to generate a random Email address this allows users to participate without revealing any personal information, apple notes that it will not use the new sign in future to profile users or their. Vity Norwood, it, log or keep a record of signing information. AT and T is discussing plans to package. H B O sister channel Cinemax and its vast Warner Brothers TV and movie library into a streaming service, costing between sixteen and seventeen dollars a month. The strategy is aimed at keeping the media giant competitive against lower priced offerings in a crowded crowded field. The new streaming service, which debuts in beta form later this year, essentially includes all of Warner, media's entertainment offerings and will stream its own new original content. According to the latest research, people who abandoned traditional cable TV packages said they're willing to pay for about six different services, which end up costing about thirty eight dollars a month. Coming up through Amazon's tinted glasses, a first glimpse into our robotic future. Capital. One knows life doesn't alert you about your credit card. That's why they've created Iino the Capital One assistant that catches things that might look wrong with your credit card, you know catches over tipping, duplicate, charges, or potential fraud. And then sends an alert sheer phone and helps you fix it. It's another way capital. One is watching after your money when we're not Capital One. What's in your wallet? See Capital, One dot com for details. The Amazon remorse conference took place in Las Vegas last week where you would find robotic arms holding TV monitors greeting attendees. There were also spider robots that grabbed plates of food, and if anyone needed a beer delivered there's a robot for that, as well, the Amazon AI conference was, but a glimpse into our robotic future. David limp, Amazon, senior vice president explains the meaning of the event title conferences, re Mars Mars stands for machine. Learning automation robotics and space. And we really think that these are four Willie exciting domains of science that are moving forward really fast. And we wanted to put together a conference that brought the best and brightest around those areas together to see if they could inspire each other. Some of the more notable emerging tech uses haptic gloves, and rich Walker of the shadow robot company was on hand to discuss the. I ever tactile telly robot. We go to pair of robo Hans with fingertips with the sensitive to the human control gloves with feedbacks touch things. We're doing this over a distance of mere inches, but you could run this over the false side of the whoa, you could put the robot and a juris place to do a job. You didn't want to do and rounding out the who's who of the event was perhaps, one of the pioneers of robotics in our homes. I robot famous for launching the robot vacuum cleaner over twenty years ago. The company showed off new floor, mopping and lawn mowing robots Colin angle, I robot CEO, and co founder talks more on the future of home robotics, we're here as part of the election. I robots smart home to show vision of what this is going to be. How do you make a home that sort of understands itself, and just kind of does the right thing as you live your life? And you know if you're cooking and make a mess. Say alexa. I robot back in the kitchen and, and it does the right thing that is it for this edition of tech news briefing for more podcast head to wsJcom slash podcast for the Wall Street Journal reporting from the newsroom in New York, I'm Tanya boosters. Thanks for listening.
JPMorgan Kills New App Service for Young People
"Explore Napa Valley, California with WSJ magazine and into Garay. Join WSJ magazine on intimate. Winery visits with globally, acclaimed winemakers and celebrated shafts enjoy stunning views, Michelin starred, restaurants, private sellers, and much more book the exclusive trip at Indy. Gory dot com slash WSJ magazine or call six four six seven eight zero eight three eight three. This is tech news briefing, im Tanya, Bustos reporting from the newsroom in New York, and J, P Morgan, scraps its new app service for young people just one year after making the app available nationwide the details after these Tyke headlines. Spotify lands in agreement with President Barack Obama and Michelle Obama's production company in which higher ground will produce podcast exclusive to the streaming service partnership comes after Spotify recently acquired a trio of podcasting companies for around four hundred million dollars part of a plan to spend as much as five hundred billion dollars. Total on such deals this year, and the journal says Spotify continues to expand into podcasting as an effort to keep users more engaged also where the company is seeking to differentiate from other services with exclusive content. China's granting five d licenses for commercial use to its biggest wireless carriers opening the next phase in the race to dominate the next generation of mobile tech. The ministry of industry and information technology said the country's three state owned carriers would receive licenses as would cable network giant China broadcasting network, now with the roll out of five G the global cellular equipment market is expected to grow two percent. Annually reaching one hundred sixty billion dollars by twenty twenty three. Google has made a long awaited acquisition to bolster its cloud computing business, a booming industry where it has lagged behind rivals. It is acquiring looker a business intelligence software, and big data. Analytics platform for two point six billion dollars in cash. The two companies were well acquainted alphabet earlier invested in looker through its venture capital, arm capital, g the journal says the move indicates Google will continue to pour resources into its Google cloud division, as it remains far behind rivals, like Amazon, and Microsoft, and cloud computing. The deal is expected to be completed later this year, pending regulatory approval coming up J, P Morgan kills an experiment to attract younger customers, what it means for new digital banking. Initiatives familia in those ambience. Earlier. Swift the inadequacy. Evo ski must sent this. Interim this guberntorable scheduling door in good. Get message gunman women this Lisa. What is that little sister dossier laptop zeal? J P Morgan began informing clients Thursday that it had shutting down banking brand thin. Fins closure is a quick about face for a product J P Morgan hoped would help lure in some new younger customers. Let's get more joining us in the podcast studio. Wall Street Journal reporter, David Benoit welcome back. Thanks forever. Of course. So I for those of us who didn't try it out. Can't now ask your date. I guess if you could I walk us through what Finn was because it was a bit of a digital hybrid. Right. Sure. So, so Finn would have been an online only Bank, so it would have been you, you download the app, and you go start in account in sort of like their various other options out there, right where you can transfer money in and out in get it only online really odd had some cool tools within about saving and some suggestions on, on how to use your money and budget. And then the, the extra the hybrid part here for for Finn was will you could also actually physically go to an ATM you go to a chase teller for some things and you could withdraw. In deposit money. And that's that was the big thing, you, there's a place where you could. You know if someone paid you in cash, or in check, which I think most people don't get millennials get cash. You could actually deposit it at an ATM and how it go into your county. That's a hard thing to do. Right. I guess it speaks to this shift, that's happening, obviously, especially younger people, they don't really finance the way the structure has been in place. So do we take this about face as big banks, having trouble circumnavigating this new space? I think everyone sort of experimenting a little bit in, in sort of testing things out. If Morgan certainly throws a lot of money around in technology in general, and I think he's willing to sort of drop things not work out the way they thought Jeep Morgan seems to have learned some things from, from their interactions with with Finn customers about and they've at the same time been improving their standard chase mobile app and expanding their branch network. And they just felt like we don't need this other. Brand over here. It doesn't mean they're going to stop trying to get millennials on their app in and you can actually now open up chase account, whether or not you have a branch near you. So there are other other ways they sort of trying to do it mentioned, how they're sort of a big player in this space. And there is such a aggressive spending on this kind of tech, our rivals faring as they try to restructure their whole being as well. Yes. So chases like one of the largest deposit banks in the country, they're second, most branches and deposits. So they're a massive organization. They touch him one into households what they talk about. Which is why they're allowed to sort of try this thing out, and then kind of quickly folded back into perspective. There are lots of other things Goldman Sachs's trotted out this Marcus checking and savings account, which is the difference between it and Finn was, we'll one didn't have that physical location. We talked about, right? But to Marcus and Goldman are paying you an awful lot of interest right now. So your money is making money for you. And that is a huge draw in his doing pretty well. We think with millennials. There are other options from places like acorns, which is, you know, building up trading in, in other ways investing, they're adding checking accounts on top of it. Everyone sort of trying to get at young people in how they use money and deposits in deposits is the key here for all the banks because they take your deposits, turn them into loans, which is where they make profit. I think that's a good note to end on David, thanks so much for the time. Thanks for having me. For more on the digital banking app world, you can head to wsJcom and followed David Benowitz coverage. That's it for the tech news briefing from the newsroom in New York. I'm Tanya boost does. Thanks for listening.
Apple WWDC 2019: A Recap
"The. This is tech news briefing. Im Tanya boost does reporting from the newsroom in New York. Coming up apple WW DC, twenty nineteen a look at the annual apple developer conference breaking down. I O S thirteen dark mode, ipad, IOS the MAC pro. And how will all keep a better I on your privacy. That's after these tech headlines. Let's stick with the topic developers have sued apple over the costs associated with selling apps on the company's apps store accusing the tech business of monopolizing app distribution, the lawsuit, which was filed in California on Tuesday says the company has charged bell peppers, a commission of thirty percent for nearly eleven years on selling apps and products within the apps. An apple spokesman said the company doesn't comment on lawsuits and directed. The Wall Street Journal to information about its apps store on its website. So misfires happen square can attest to this the digital agency forwarded receipts documenting transactions as mundane as a Cup of coffee as sensitive, as an obstetrician visit to people who are involved in the purchases hoarding to emails reviewed by the Wall Street Journal in some cases, near the purchaser, nor the recipient could say, why square sent receipts to the people at did at issue are the methods that tech companies employ to make money off of the financial data of their users as well as the degree to which those companies disclose or get consent from their users about those efforts read more about how data on individuals credit card transactions can be particularly delicate and what you can do to stay safe at wsJcom and after saying that it would start banning writers in the US and Canada with significantly below average ratings. Uber faces heat from angry users taking to Twitter to pan the new initiative. Many calling the move a good way to kill business. Many users reported receiving low ratings based on. Factors outside their control. No stranger of controversy. The Wall Street. Journal's Laura Forman has more on the blowback and what Uber is doing to solve a new problem on its hands head to wsJcom, or the WSJ app for more coming up Apple's worldwide developers conference is Irap the new changes you can expect on the horizon. Capital. One knows life doesn't alert you about your credit card. That's why they've created Iino the Capital One assistant that catches things that might look Frong with your credit card, you know catches over tipping, duplicate, charges, or potential fraud. And then sends an alert sheer phone and helps you fix it. It's another way capital. One is watching after your money when we're not Capital One. What's in your wallet? See Capital, One dot com for details. Apple held its annual worldwide developers conference in San Jose. This week were talked all kinds of new changes including an IS thirteen with a dark mode. Mac IOS Catalina and continued ongoing attempts to address user, your concern, about personal data here. CEO Tim cook. We'd be privacy's fundamental human, right? And engineer into everything we do this year were doing even more. We will soon have signing with apple Shay's personal tech columnist Joanna stern was on the scene to explain how it works to protect your privacy, instead of signing with data hungry, Google or Facebook apples, working without maker. So you can log in with a more, discreet service. It even has a way to block companies from getting access to your Email address. The obsta will be built right into the new watch software. So you can install apps without a phone near by you'll be able to search for apps via Siri or the keyboard is well, apple also says that IRS thirteen will open apps faster and features a new version of the face idea system. Which will unlock your phone thirty percent faster moving on. Let's talk. I pads there's now an operating system just for the ipad called ipad s the Wall Street Journal's David Pierce was also on scene at San Jose to explain I futures a new home screen with more apps on each page, and our new today view so that you can actually see wits right on the main screen. It also has a long awaited file manager, plus support for USB drives and desktop mode for safari. And then there is the MAC pro first, here's the obligatory setup and applause. New knock pro. Using a brand new Intel's EON processor. It has up to three hundred watts of power allowing users to participate in things like production, rendering playing back virtual instruments, and simulating IOS apps on multiple devices at once the cost Amir six thousand dollars. Those are the biggest highlights for many more recaps videos and beyond had a wsJcom also take a listen this week to the journals instant message podcast were personal tech columnist will dive into it all that does it for the tech news briefing reporting from the newsroom in New York. I'm Tanya boost does. Thanks for listening.
Next Generation Network Makes First 5G Laptop
"Join the Wall Street Journal may twentieth through the twenty third in New York City for the future of everything festival here from over seventy five renounce speakers, and visionaries touch taste and interact with the products that are redefining tomorrow. To learn more buy tickets, visit our website at F O E festival dot Debbie s j dot com. Twenty percent off with code podcast. This is tech news briefing. Im Tanya boost does reporting from the newsroom in New York. This summer, the PC hype lands in the capital of Taiwan where computrac twenty nineteen showcased, all the rage in laptops, gaming gear components and beyond, and possibly the most notable at least as far as hype goes is what is said to be the world's first five G laptop details after these tech headlines. The Justice department is preparing to launch a fresh antitrust probe into Google, and as the Wall Street Journal has reported throughout the weekend. The most common complaint against Google is that it uses it search engine for the benefit of its own content and at the expense of its competitors. The journal says Google is prepared to argue with data showing they hold far from an optimistic pricing power. In the meantime, Google voluntarily agreed to change some of its behavior in the wake of the probe as of Monday. The company opens trading valued at more than seven hundred seventy six billion dollars. Amazon Alibaba and other online retailers are competing. More fiercely to gain, a foothold in the Arab world during this year's Ramadan. Islam's holy month of fasting and gift-giving online sales in the Middle East, and Africa have doubled so far during the holiday this year. That's one compared with the similar timeframe two months prior the Ramadan sales indicate how big online retailers or trying to move on to the Middle East, where many people are underage thirty and tech savvy, but still do most of their shopping and brick and mortar retail online retail sales in the Middle East surpassed eighty billion dollars for the first time in twenty eighteen as the mid east market is growing faster than any other with plenty of scope to keep expanding. And late last week, tesla promise to start levering model three sedan built in its new Shanghai planned within six to ten months. It also priced them. Well below the imported version, this is as the electric vehicle maker racist to capitalize on booming Chinese demand. Tesla says prices for the locally built model three will start from about forty seven thousand five hundred dollars for the standard range, plus version, according to a post on Tesla's social media account initial orders are being taken for the local model three with the first Shanghai built cars scheduled for delivery, late this year or early next year and according to industry analysts getting China. Right. Is pivotal for tesla who share price has happened in the past six months amid doubts about its ability to ramp up deliveries in the US coming up a look at what claims to be the world's first five G laptop? What new inroads for things like could activity and battery life due to revolutionize how. We interact. Capital. One knows life doesn't alert you about your credit card. That's why they've created Iino the Capital One assistant that catches things that might look wrong with your credit card know catches over tipping, duplicate, charges, or potential fraud. And then sends an alert sheer phone and helps you fix it. It's another way capital. One is watching out for your money when we're not Capital One. What's in your wallet? See Capital, One dot com for details. Among the new tag at computrac Taipei twenty nineteen is quite possibly the very first ever five G, laptop. And at the annual summer event. Alex catalyse in a senior vice president at Qualcomm explains the advantages of this new tech first magin your computer being very, very light. No fans very. Good form factors. Gigabit lt. Multi-cubit. Lt connected to start with then five G connectivity to follow, and then you have great performance and you have very long battery life. So now you can cut your cords and be free anywhere. You are you can do your work anywhere. You are you can do your work, your battery life will last multiple days. Eight five GPC device was unveiled by Qualcomm and Lenovo. And here's how a five G laptop will aim to take us to that much hyped next level, you have situations where you could do video conferencing face recognition. If you don't remember someone's name being able to do real time translation, be able to edit and send files upload big files, download big files and in a fast timeframe so that all is gonna start changing the user experience. And then there are levels, we haven't even thought about yet Dominic wire VP of Qualcomm, global product marketing explains. Some things are gonna be brand new, for example, when four G launched to the world ridesharing didn't exist. But because of four g because of the fast data speeds, and because of the location, based services, ridesharing services, like Uber, indeedy, and all those services, blossomed under the four G world, where expectancy the same type of innovation happening five G. We just don't know what it is yet. Computrac Taipei twenty nineteen the annual tech show in Taiwan covered all things, laptops, gaming gear components and beyond for all things five, G, N beyond headed wsJcom that does it for the tech news briefing reporting from the newsroom in New York. I'm Tanya boost does. Thanks for listening.
Investors Hit the Brakes on Tesla Enthusiasm
"Support for this podcast and the following message. Come from Deloitte, a global leader in digital transformation, helping clients apply technologies like cloud an AI to their unique business challenges. Deloitte got com slash look. Again. This is tech news briefing. Im Tanya boost, does reporting from the newsroom in New York, and Tesla's CEO Elon Musk said twenty nineteen would bring an affordable electric, car built in a new China factory, bringing us all one step closer to a mainstream model three electric vehicle, but our investors finally hitting the brakes on such enthusiasm. Sorry, where Tesla's stands so far this year and where it's going after these tech headlines. A new player is about to enter the crowded US wireless market. It will pitch monthly unlimited data that costs half as much as rivals skeptical. Okay, fine. There is a catch. It is eight cable TV company out. Tease USA is ready to launch a mobile service. It's likely to cost between twenty and thirty dollars a phone and this summer. It will join Comcast and charter communications in trying to undercut wireless carriers since cord cutting shows, no signs of stopping anytime, soon, the new service likely to be called out tease mobile will run on Sprint's mobile network, and relies on customers in home wifi and the company's network of hot spots throughout urban markets. The company plans to test the service with its employees in the coming weeks. The Wall Street Journal's Sarah Crouse has more at wsJcom WalMart is hiring a former executive from Amazon and alphabets Google to lead global technology. This creates a new senior role as the world's biggest. Retailer ramps up its efforts to take on Amazon Suresh Kumar will become WalMart's global chief tech officer and chief development officer starting in July. This comes as WalMart becomes an increasingly tech focused company with big efforts in buying up ecommerce startups investing heavily to boost online sales adding more grocery delivery, options, and working to ramp up its digital ad revenue. And if you're an Uber driver looking for extra cash, how about house flipping because real estate firms are now recruiting drivers to help them find derelict properties to buy and sell fast, one option Corey company that hires drivers to identify houses on the roots that the real estate firm can buy and quickly sell for a profit drivers compensation varies by firm from a sales commission to a fee for each productive lead. The Atlanta-based Corey pays drivers up to fifteen hundred dollars peripheral that leads to a purchase and the journal says this new union between temporary workers like ride hailing drivers and property spec. Relation isn't as improbable as it might seem as the institutionalization of how slipping has grown. So has the industry's demand for cheap labor to help it expand even further. Coming up Tesla's, that's high stakes to bring the masses, the first affordable electric car. Our investors still with the program and what the rest of twenty nine thousand nine has in store. Blockchain smart cities, the digital transformation happening now makes the seemingly impossible doable at Deloitte, we help clients harnessed these powerful technologies to improve business and the world Deloitte dot com slash look. Again. Twenty nineteen was poised to be a big year for electric car maker, tesla CEO Elon Musk said the year would bring an affordable electric car built in a new factory in China among other things the future looked bright, the Wall Street. Journal's Tim Higgins explains. He long must the see you thought that twenty nineteen was going to be a banner year for the company on the back of the model three this compact car, that's supposed to remake tusla's a more mainstream automaker with this vision of bringing electrification the electric vehicle to the masses. But then came a dose of reality in the form of de first quarter sales of tesla vehicles plummeted compared to the fourth quarter, and then we saw really a push by tesla to lower the prices of its vehicles and a really dramatic way a multiple occasions which raised the question is there demand for the model three at the previous expectations it has tesla reached the, the ceiling of people willing to spend a lot of? Money for a small car, and that's the question. It's, it's really hanging over Testa as we look ahead to this year. We seen Tesla's shares drop below the two hundred dollar Mark really underscoring the uncertainty in the investors mind about where this company is going, and as is the case with most things. China is a huge symbol of growth in a huge symbol of challenge hassles results for the past year, so China being at second largest market behind the US. This is where a lot of the growth has been coming the challenges is that because tesla makes its vehicles and California, and ships them to China, those vehicles are more expensive because of tariffs. The company has said they expect to deliver between three hundred and sixty thousand and four hundred thousand vehicles this year likely, meaning that they would build many more and the model three is aimed at a more mainstream buyer, they believe they need a factory on the ground to make those vehicles for the customers that they want to sell them to. If you think you've seen this movie before you're probably right. But ultimately, no one is counting. Tesla out just yet least of all tesla it has come close to the end many times and yet you on musk has been able to figure out how to pull it out oftentimes of the last minute, and that's part of the charm of the company, but it's also part of the reason why you see a growing chorus of people who are betting against the company because they questioned whether the company can continue to have those close calls, Wall Street Journal reporter, Tim Higgins, covers all things. Tesla wsJcom wrapping up the tech news briefing for now. I'm Tanya boost does reporting from the newsroom in New York. Thanks for listening.
Tech's Next Hit Remains Unclear For Investors
"Support for this podcast and the following message. Come from Deloitte, a global leader in digital transformation, helping clients apply technologies like cloud an AI to their unique business challenges. Deloitte got com slash look. Again. This is tech news briefing. Im Tanya boost does reporting from the newsroom in New York. And if you're wondering what the next wave of tech has to offer it turns out, it's complicated journal CEO council aims to find out. That's after these tech headlines. After years of steady growth auto sales in the US Europe and China are slowing denting earnings across the sector and prompting more car manufacturers to find partners to share the costs of developing new models. And of course, investing in new technologies enter Fiat Chrysler, which has just proposed a roughly forty billion dollar merger with French rival Renault, a deal that if completed would completely third largest automaker by production, carmakers are also under pressure amid a shift towards car-sharing rather than car owning. It's also grappling with more stringent emission standards. And the need to invest hundreds of billions of dollars on developing the tech needed for electric cars and autonomous driving. Fiat Chrysler said its proposal came after an initial period of discussions with an adult to identify products and markets to collaborate on electric vehicles self driving cars and in-car. Connectability. So what's next for the global space race half a century after the US landed on the moon? A new space race is gathering pace and China has particularly ambitious plans in wants to build a manned lunar base within the next decade and start mining for energy resources the journal notes. How other governments have big plans to in the US, NASA recently unveiled plans to return to the moon, and it requested a one point six billion dollar budget increase for twenty twenty to pull it off. President Trump also has proposed a space force, which is a military branch dedicated to space. Read more on the global space race from science writer Lee hosts wsJcom. The journal makes the case that Wall Street isn't buying what cele- convex is selling and it isn't just Uber. Who's public performance has looked grim compared with its private fundraising private investments in six of the ten best funded US tech startups to go public since two thousand fifteen have fallen from the peak levels. They hit in funding rounds before the company's stock debuts zone, according to a Wall Street Journal analysis of data from research firm pitchbook, despite Wall Street's apparent skepticism. The flood of cash continues, however food delivery company door. Dash just announced new funding at a valuation of around twelve point six billion dollars. That's nine times what it was a year ago. The journal goes on to say few have more at stake in this area than SoftBank its initial investment in. Uber is up about twenty percent. And while unclear how long the company plans to hold its Uber stick. The journal says the company has made clear its investment style is closer to that of a venture capitalist than in public market investor looking at future cash flows coming up. Are you ready for the next wave of the tech revolution? Because it's ready for you. We just need to figure out what it is. Blockchain smart cities, the digital transformation happening now makes the seemingly impossible doable at Deloitte, we help clients harnessed these powerful technologies to improve business and the world Deloitte dot com slash look. Again. The Wall Street Journal CEO council connects the world's most influential business leaders to discuss the issues shaping the future at its recent event in London. The journal aimed to find out what the next wave of tag had to offer turns out, it's complicated helping us get a better sense of what might lie ahead is Sonali director partner at XL. She explains why it's less clear for investors lately. Really interesting thing today is that is probably never been a better time to be an entrepreneur, and in many ways, sort of never been a more difficult time to be an entrepreneur. The low hanging fruit has sort of been taken if you, if you think about the first wave of technology innovation in media with companies like Netflix or shopping ecommerce with, with Amazon, and of course advertising intact, which really you had a lot of data. So it adopted technology very Foucault, Google and Facebook etcetera, doesn't tie. Segments that's going to happen sort of foster than people think, especially in autonomous vehicles, but this not easy to figure out how to build a logistics company in two thousand and nineteen. So I think it's difficult sectors that haven't been taken on yet. Your data and privacy did come up many a time at the conference, and we learned some big tech companies see it as a good thing. We think of data and machine learning which is a kind of a I really as a horizontal technology, and you have to view every industry and every new startup that v that we look at with the lands that if there's enough data available enough compute power available will this company, essentially be extinct because they won't be able to compete, and that's really interesting lens, but layered on top this is sort of one of my pet peeves. You have to think about data privacy. We really need to sort of stay on the right side here, and it's very difficult for these young companies to figure out how to adopt GDP are I think some of the best and largest businesses themselves, probably struggling with GDP are the interesting thing is we're now seeing a whole bunch of. Entrepreneurs really trying to solve this issue, around privacy and differential privacy, and then also prejudice within the US and China trade issue remains largely at play. And it turns out Europe. It may prove to be an example of what lies ahead because of wet China is in the US today, I've never had more cords and more inbound from the Chinese tech giant's because they want to invest in the company of Europe. They want us that'll make a play. So I don't know nothing's going to stop them, but they looking have us is the US for more on the WSJ CEO council had to wsJcom or the WSJ app, that's it for the tech news briefing reporting from the newsroom in New York. I'm Tanya boost does. Thanks for listening.
The Future of Connection, Isolation ... and Home Cooking
"Support for this podcast and the following message. Come from Deloitte, a global leader in digital transformation, helping clients apply technologies like cloud an AI to their unique business challenges. Deloitte got com slash look. Again. This is tech news briefing. Im Tanya boost does reporting from the newsroom in New York. A few more highlights as we wrap up another epic week of the future of everything festival in New York City, the journals glimpse into the future with the brightest minds intact, and beyond that's after these Tyke headlines. As it overhauls how it engages with campaigns ahead of elections. In twenty twenty Facebook said it stopped paying commissions to employees who sell political ads in the wake of revelations about Russian efforts to influence the two thousand sixteen election senior leaders at the company debated, whether it should cease running political ads entirely chief executive Mark Zuckerberg may define will call to stay in the business, though changes will be made to how it operates scrutiny of Facebook's role in the political process has only intensified over the past eighteen months with allegations that its platforms have been used for attempted election manipulation on six continents door. Dash said it has raised six hundred million dollars in a deal that values it at twelve point six billion dollars this as investors clamor to get into food delivery business. They remain undeterred by the lackluster, stock market debut of Uber. The deal gives door dash a private market valuation higher than the market capitalization of one Domino's pizza. If you're. Ping score the door. Dash announcement comes on the heels of a five hundred seventy five million dollar investment round last week in European food, delivery startup deliver ru let by Amazon, and now for some semantics. If you wouldn't mind, let's start with the word ship. It used to refer to a vessel that floats on water or the act of sending mail, it's now used as something else, entirely, as you might know, derived from the suffix of relationship, it now means to endorse, a romantic union, and it is the basis of a new dating app. Catching on with women online dating king match has teamed up with millennial digital brand benches to create ship which has launched this year and allows friends to vet potential mates for one another dating app users report, these c- of potential. Matches is overwhelming, and in its first quarter conference, call match said ship is seeing strong engagement in big cities. The company said roughly seventy percent of registration, thus far are female in about sixty percent of matches are made by friends come. Up dipping back into the future of everything festival with a look at the future of social media, broadband access, and of course, eating support for this podcast and the following message. Come from Deloitte, a global leader in digital transformation, helping clients apply technologies like cloud and AI to their unique business challenges. Deloitte dot com slash look. Again. The such as isolation connection, social media, and of course, eating were all hit upon at the Wall Street Journal's future of everything festival this week, you can catch up on everything that the testable had to offer at wsJcom or the WSJ app. You can also listen to the journals instant message podcast for some of the biggest highlights among one of the biggest themes were social media and connection versus isolation. Seamus astonished. The co founder and chief executive of the house party video app spoke at the festival about how house party is averting a loneliness epidemic. We felt that there was a solution that was needed out there. Particularly for the younger demographic, who's feeling. I mean I, I don't think it's an exaggeration to say that they're on the precipice of a loneliness epidemic. And they're spending so much time on their devices in their rooms, and what we're trying to in is humanity. Back into connecting and. We all sort of opted into a synchronous communication. We started. Texting each other back and forth. We started liking in a news feed or. Re tweeting or responding in these Acer internist manners. And sure it's like officiant, but it doesn't fill your tank in the same way that like seeing somebody face to face does. And this is a response to that feeling and just trying to get people connected again in order to access such video chat apps. One certainly needs internet, a challenge for rural America, as of late land-o-lakes president and CEO. Beth Ford says that farmers are struggling to access basic resources because of their limited access to broadband problem that we're going to have is this technology, these tools that have been developed. They cannot be leveraged broadly. Probably about thirty percent of farmers. Don't have broadband access. You know, they're two hundred counties in America, that don't have broadband access there in rural America, and this is a real issue so beyond the tools. We touch have harvest bakers in America. We touched twenty five percent of the farmers with our federative model. The biggest concern I have is their ability to. Make an best moment in their communities. They are they are not able to do that. We're looking at all different options because you know what there's not going to be one solution. Switching gears and to mix it up a quick check in on the future of food for all the talk of dining apps, and food delivery, much of which disgust at the festival, the future of how we look at food continues to evolve. And apparently, the future is a healthy one, according to restaurant tour Antony rows, ski and the resident chef of net. Flicks is queer eye home cooking is due for a modern day revival. When I was developing the menu at sure definitely had a lot more meat and dairy on it than it does now, like our menu now has zero Darrien no red meat, and we just have a little bit of chicken. One thing with fish, and then everything is pretty much plant based, I just I don't know. I'm thinking about a lot of with everything that's sort of, like, Borden, did, for example. And now David Chang, and there's a lot of content. And I know I'm a net flicks baby. So I'm like, obviously promoting shows that are there. But like there's so. Much awesome. Because convenient doesn't have to be total garbage that was. But of course, a sampling you can check out more wsJcom for all things. FOE festival related make sure you check out WSJ's instant message podcast as well as for the tech news briefing that wraps it up for now. I'm Tanya boost does reporting from the newsroom at the Wall Street Journal. Thanks for listening.
What a Ruling Against Qualcomm Means For Smartphones
"A I blockchain smart cities, the digital transformation happening now makes the seemingly impossible doable at Deloitte, we help clients, harnesses, powerful technologies to improve business and the world Deloitte dot com slash look. Again. This is tech news briefing, im Tanya, Gustaf's reporting from the newsroom in New York Qualcomm is hit by a ruling on antitrust violation. It's a ruling that could shake up the smartphone industry. That's what we're talking about after these tech headlines. Google cloud. Alphabet inc. Cloud computing unit is joining forces with data management company, Informatica, the goal is to help businesses draw more value from their data. This is all part of a push by Google into the enterprise, information, technology market. The move will couple Informatica data management and integration of tools with Google cloud services, including data storage platforms, and market analytics tools. This will enable commercial users to more easily leverage massive amounts of data for Houston, a machine learning and other advanced digital capabilities. And according to the CIO journal, the tools are already available in Google cloud, and prepping data to feed into them has been a bottleneck for many companies. The peril to always global business is growing as foreign partners back away from the Chinese maker of networking equipment UK based chip design company. Arm holdings is suspending its business with wall away following Washington's blacklisting of the Chinese tech giant meanwhile, mobile phone carriers in Japan and the UK have suspended, launches of Galway, smartphone, models over concerns that US curbs on exports to the company, a spokeswoman for arm says the company is complying with the latest restrictions set forth by the US and having ongoing conversations with the appropriate US government agencies to ensure they remain compliant. Apple said this week, it was changing a material used in its butterfly keyboards and expanding its keyboard repair program the program. Previously covered first and second generation keyboards but now includes coverage of the third generation introduced last year. The ones on macbook air and high end macbook pro models at the same time. Apple upgraded its line of macbook pros users of all generations of the apple butterfly. Keyboard have reported missed key strokes and double presses of keys for which apple has apologized. When asked if it would continue to use the butterfly keyboards in future models. Apple declined to comment coming up. What a ruling on antitrust violation means for Qualcomm, as well as the smartphone industry. Blockchain smart cities, the digital transformation happening now makes the seemingly impossible doable at Deloitte, we help clients harnessed these powerful technologies to improve business and the world Deloitte dot com slash look. Again. Qualcomm, unlawfully suppressed competition in the market for cell phone, chips and used its dominant position to exact excessive licensing fees. That's according to a judge's ruling this week. The Wall Street Journal's and refer totally has more chipmaker Qualcomm violated US antitrust law, and strangled competition, according to a ruling handed down by a federal judge in favor of the Federal Trade Commission. Twenty me now from San Francisco. With more details is Wall Street Journal reporter as a fish ayso. This case against Qualcomm was brought in early twenty seventeen tell us about the judge's decision in what she found here. We'll she founded Qualcomm is actually violated as you trust law. That is it was charging too much for licenses to patents based on its monopoly power in or alleged monopoly power in the market for for mobile phone ships. These ships that kind of provide the ability for your phone to connect you sell hours. That was the essence of the ruling. Now, what are the repercussions for the company, which is planning to appeal mean companies planning to peel? So the reprecussions aren't fully clear quite yet. But if it did have to go through and implement this decision the injunction requires Qualcomm to renegotiate or negotiate licenses with its existing customers existing license fees for its patents, essentially, it would being Qualcomm would potentially have to kind of start over on Goshi. She Asians with a lot of its existing customers and get perhaps lower rates on those on those royalties. So it could be a big deal for Qualcomm revenues for businesses. A whole if this goes through, and this also comes after Qualcomm reached a settlement with apple in a somewhat similar lawsuit. Apple around the same time the FTC brought its case in two thousand seventeen. Arguing that Qualcomm overcharging for its license fees, and gauging and other practices, or anything competitive, and essentially didn't allow apple any other option than to use Qualcomm chips, so that thing was resolved, those companies came to a deal last month in the middle of April, where they agreed to basically drop all litigation against each other, and settle their differences. But the FTC's case still went on might this ruling impact other chipmakers as well. I don't think so. I mean, this is Qualcomm has a unique model in the chip is other chip companies typically don't have a business structure where they have one arm that produces chips and sells them to different suppliers. Like the people who make their cell phones, and another arm that purely licenses technology to others who want to use it. So, you know, another manufacturer who wants to make that cell phone. Was license that thing. They don't other chipmakers don't have that kind of structure. So it's, it's kind of neat to Qualcomm, actually, and the effect of this ruling, probably isn't going to be that brought that's Wall Street Journal reporter ace Offit joining us from San Francisco with more on a ruling against chipmaker. Qualcomm as a thank you so much, like thanks again, to the Wall Street Journal's Anne Marie for totally reporter ace Offit has more at wsJcom wrapping up the tech news briefing for now. I'm Tanya boost does reporting from the newsroom in New York. Thanks for listening.
Facial-Recognition Tech: Regulation Instead of Bans?
"Support for this podcast and the following message. Come from Deloitte, a global leader in digital transformation, helping clients apply technologies like cloud an AI to their unique business challenges. Deloitte got com slash look. Again. This is tech news briefing. Im Tanya boost, does reporting from the newsroom in New York coming up a Chinese artificial intelligence startup is under fire for the use of its facial, recognition tech. It is the latest argument placing your face and tech at odds the issue remains a global one looking into it after these tech headlines. While we technologies denounced US actions against it referring to them as bullying this week as it implored European governments to resist American pressure to follow suit. The Trump administration's moved to blacklist Weiwei last week marks in unprecedented assault on not only the Chinese telecom company, but also rules-based, global trade, at least that's according to Abraham Lou while ways rep to the European Union Washington's move to block while away from sourcing components from running certain features on Google's Android operating system, also threatens its consumer business. US officials said this week, they would wave that measure for ninety days for some suppliers. These story remains in motion, follow the latest at wsJcom. The US has sharply slowed down approvals for the nation's semiconductor companies to hire Chinese nationals for advanced engineering jobs. This is significant in part because Chinese nationals account for a large share of non US citizens hired for such work and were talent. Supply. Domestically is often scares the disruption which started last year has affected hundreds of jobs across the industry at companies, including Intel Qualcomm and global foundries, Inc. The journal says this also shows the conundrum US companies face in dealing with China and technology highlighting how decisions aimed at protecting US competitiveness in one way could hamper it in another. And mid career professionals are looking for a reboot at coating boot camps the journal writes how some middle aged people seeking a career change are enrolling in New York City schools with varying degrees of success coating boot camps small technical schools that prepare adults for work as entry level software developers are known to challenge, even with the journal affectionately calls twenty something geeks who comprised their primary demographic in a recent survey the average graduate reported a forty four percent increase in salary to sixty two thousand dollars and nearly half landed a fulltime job in computer, science, or engineering coming up, facial recognition technology remains under fire. How tech startups around the world are trying to fan. It's flames support for this podcast and the following message. Come from Deloitte, a global leader in digital transformation Elvin clients apply technologies like cloud. An AI to their unique business challenges. Deloitte, god. Com slash look. Again. In. Remind you that WSJ's future of everything festival is in full force in the city that is New York this week for the latest updates on what the future holds via technology and everything follow the latest at wsJcom. We will also be covering it on various WSJ podcast throughout the week including a big burly recap on Fridays instant message podcast right now, though, we had to Tokyo where the Wall Street Journal's CEO council conference has been holding the other side of the globe to task big tech has been under a big fire for the use of facial recognition technology as of late last week, San Francisco became the first US city to ban the use of technology by local agencies a quick refresher on the legislation from San Francisco lawmaker, Aaron Peskine psychologically unhealthy when people know that are being washing every aspect of the public realm. There are many ways to make our society. Secure without living in a security state, this legislation tries to strike that balance this week sense time group, a Chinese artificial intelligence startup is left. Fending residual flames from all the facial recognition attention last week at the Wall Street Journal's CEO council conference in Tokyo, Tuesday since times, Bing zoo, addresses the company's facial recognition tack in its mass surveillance systems. He thinks the tech should be regulated rather than band. We'd be actually thinking about the allots as any new piece of technology. Sometimes there are two size. And right now, I think there is discussion around the, the privacy around of individuals being covered by all these cameras such as there's a camera were there. There's another camera so we can see that these cameras has been setting up in the physical world, right? So right now with a nation the surveillance. The compatibility has been operated a lot. So basically, there are actually debase around whether these type typo technology should be deployed against individual Promessi sense time, which has received a funding from these Saudi-backed. Softbank vision fund continues to navigate rising privacy concerns, as companies around the world. Look to a I to store and analyze data of people's faces. I think this is video meaningful and useful debate a yearly it would alert everybody to take up the thought around what policies and what regulations to be should be in place to guarantee that these technology, these new piece of technology, what wouldn't bring damage. Right. But still think about it, right. They, I is such as face recognition, there are two sides. One side is, is around individuals is around privacy of individuals the other side he's around public good around. Well, public transparency. Around row, anti-terrorism, less crime more efficient city, right? So technology has been has technology actually has been the lying ingredient for cities to grow and debate will no doubt continue around the globe. The Wall Street Journal covers it all for more on the CEO council in Tokyo, this week, head to wsJcom wrapping up the tech news briefing for now. I'm Tanya boost does reporting from the newsroom in New York. Thanks for listening.
How U.S.-China Trade War Impacts Tech Industry
"Support for this podcast and the following message. Come from Deloitte, a global leader in digital transformation, helping clients apply technologies like cloud an AI to their unique business challenges. Deloitte got com slash look. Again. This is tech news briefing. Im Tanya boost, does reporting from the newsroom in New York coming up, how heavily does the US China trade war impact your world of tech. Could it mean the hiking of iphone prices? What does it do to the volatile state of cryptocurrency? And how soon before things get resolved for big tech finding out after these tech headlines. Google has agreed to refund advertisers for ads purchased on its ad marketplaces. That ran on websites with fraudulent traffic. This follows a lawsuit, claiming the tech giant was withholding the payments, and according to documents viewed by the Wall Street Journal and 2017 Google offered limited refunds to those who had purchased ad space. The kind that resulted in ads running on sites. Who's traffic was artificially boosted by bots. The journal says Google has modified contracts to alter its policies regarding litigation. Brought by advertisers separately. Google promise that it's advertiser clients would receive refunds for ads that ran on sites. With fraudulent traffic. The world's biggest video game publishers are paying popular gamers, tens of thousands of dollars to play their latest releases live over the internet. But why they're hoping to break through to buyers which is proving to be a tough task in a world where games like fortnight, hog the spotlight electric arts activision blizzard, Ubisoft, entertainment, and take two interactive or among the publishers, making big payouts, for the live streams the amounts could go as high as fifty thousand dollars an hour for top celebrity gamers. And as for hints of what you can expect down the line, take two plans to pay streamers to play borderlands three when the comedic shooter game launches in September and plans to use live streaming again for the Tober release of its special ops shooter game. Tom Clancy's ghost recon breakpoint. And now if you wouldn't mind, let's talk about the state of chips demand for chips specialized for a I in particular is growing at such a pace the industry can barely keep up. And the journal makes the case that chip king, and video may be losing its dominance case in point. Qualcomm unveiled a new AI chip last month and Hewlett Packard, just on Friday reached a deal to acquire Cray, Inc. The company that makes high end for supercomputers that are increasingly being deployed for AI research, and you can expect more, where this came from sales of such chips are expected to double this year to around eight billion dollars and reach more than thirty four billion dollars by twenty twenty three coming up, how the US China trade war impacts, the tech industry. Support for this podcast and the following message. Come from Deloitte, a global leader in digital transformation, helping clients apply technologies like cloud and AI to their unique business challenges. Deloitte, Kat com slash look. Again. As reported in the ever escalating US trade war with China. The White House has threatened to introduce twenty five percent tariffs on two hundred million dollars of Chinese goods. So how does that impact big tech? Let's us one of the US's, most valuable tech companies as an example, apple and more importantly, your apple products barons, Alexandra Skaggs has more Apple's earnings per share could be hurt fifteen to twenty percent by higher tariffs. If that happens, the smartphone maker may have to raise its prices or just accept lower profitability. China is a large part of apple supply chain and facts that estimates apple gets almost twenty percent of its revenues from there. So apple investors are probably hoping that the US and China reach a trade deal over the summer. In addition to tacking on the already announced five hundred billion in terrorists that could raise prices on almost half of everything. The US buys from China, president Xi Jinping said he would. Tally eight some say China could impose new taxes and added regulation on US companies. Others say China could introduce slowing deal approvals or encourage citizens to boycott US goods. Also impacted by the trade war escalation bitcoin. The favourite crypto currency of the masses has climbed ninety percent this year. What do we make of that? It's always tough to say. What makes bitcoins price move, but prices were low for most of this year until the past month and a half. Bitcoin started rallying right around the time. The US is trade war with China started heating up analysts say that investors are selling China's currency and moving into cryptocurrencies. But according to many analysts wing, including real clear markets editor, John Tammy, there are simply too much money in big tech and the US China trade dispute will have to come to some resolution soon. The Chinese could wait longer. They've always looked at things from more of a longer term perspective. But keep in mind that President Trump has twenty twenty two. About the elections coming up the last thing he wants to go into the twenty twenty elections. With is to explain a crash stock market a weaker economy. Donald Trump has staked his presidency on a rising stock market and economic growth. You cannot get that, while also conducting a trade war with one of the biggest markets in the world, for some of the US, as most valuable companies just use one example, apple, the most the second, most valuable US company right now gets a third of its sales from China. You can't be warring with that country for the latest details on the US China trade dispute head to wsJcom wrapping up the tech news briefing for now. I'm Tanya boosters reporting from the newsroom in New York. Thanks for listening.
Pinterest's Shares Fall; Smartphone's Focus Fails
"A I blockchain smart cities, the digital transformation happening now makes the seemingly impossible doable at Deloitte, we help clients, harnesses, powerful technologies to improve business and the world Deloitte dot com slash look. Again. This is tech news briefing. Im Tanya boost, does reporting from the newsroom in New York coming up a look at the journals feature on how smartphones sabotage your brain's ability to focus, making sense of the science of distractions after these tech had lines. Shares of Pinterest plunged in extended trading after the company posted a wider than expected loss in its first quarterly report following its public market debut. The drop makes Pinterest the latest tech company to encounter difficulty not long after a much anticipated public offering Pinterest shares were off more than fifteen percent, late Thursday afternoon. The stock finished up eight percent in regular trading. Thursday closing out at thirty dollars and eighty six cents. Sixty two percent higher than its nineteen dollars a share initial public, offering price Tesla's driver assistance, feature was active and the driver's hands weren't detected on the wheel during a fatal crash in March, that's according to US safety. Investigators announcement on Thursday, a finding that could amp up scrutiny for the carmakers autopilot system as the company pushes. For more automation in vehicles data taken from a model threes. Sedan that crashed in Florida showed the driver hadn't touched the steering wheel in the seconds leading up to the incident and made no effort to avoid the collision, this is according to the National Transportation Safety board's preliminary investigation. The agency will continue to work to determine the probable cause for the incident. Stay up to date with the latest at WSJ dot com. And Microsoft and Sony are teaming up to work on cloud and game streaming tech and unusual partnership between two longtime rivals. However, they face new threats from some of the biggest tech names in the industry. So through a partnership, Sony is considering using Microsoft's cloud service for streaming. It's game content. It also calls for potential collaboration involving Microsoft's artificial intelligence and Sony's image sensor chips. This all comes as Sony, and Microsoft face competition from the likes of Amazon and alphabets Google to cloud tech. Titans looking to take a bite out of the one hundred and thirty billion dollar and growing video game industry coming up our smartphones messing up your brain's ability to focus. Yup. Science explains it after this blockchain smart cities, the digital transformation happening. Now makes the seemingly impossible doable, a Deloitte, we help clients harnesses power. Awful technologies to improve business and the world Deloitte dot com slash look. Again. If there's one thing we can say about our smartphones is that they give us instant gratification. But at what cost, perhaps an alarming loss of attention in productivity, Daniella, Hernandez, the Wall Street Journal's digital science editor explains the science to back this up, when we face distractions to areas of the brain, the parietal, cortex, and the frontal cortex, or in a sort of tug of war with each other some research suggests that the parietal cortex responds to distractions, the frontal cortex, which is involved in cognitively, demanding tasks helps us maintain focus so we get distracted, if the activity of the parietal cortex gets through to the frontal cortex, the frontal cortex can keep the parietal in check you stay focused, the brain is deciding what's important. And what's not? Oh, sorry cost. It in Kuslav professor at Georgetown University explains our struggle with paying attention attention, much like your daily allowance of money is a limited resource and in any particular moments. You can only have that much of it, even when you're cleaning your mailbox and you're not actually doing hard cognitive work. You kinda actually are because there's all these essentially micro-decisions looking at this Email, do I need this? And so each of those decision requires a little bit more of cognitive effort. And so, but when you add two thousand of those you end up with no no power to make any other important decisions after that you feel depleted Georgetown university's. Recent study on Email further explains. The. Emotional struggle. Checking Email more frequently throughout the day was associated with feeling more stressed and overwhelmed. We've found that people who batch te their emails, three to five times a day felt less trust and less overwhelmed. And as does most technology today, it opens up a conversation about how it's changing how we interact socially on a grander scale. We did a study not in an organization, but on campus where we ask students to find a building either with their phones or without the help of their phones. And yes, the students who relied on their phones, got to the building faster. But these same students actually felt less connected to their community. And so it's not a question of, you know, should be just do away with this devices. But what is the price of this convenient device? These social bonds that hold society together, I think, getting more and more chipped away from us. For more details head to the journals feature at wsJcom that wraps up this edition of tech news, briefing, im Tanya boost, does reporting from the newsroom in New York. Thanks for listening.
Trump invokes executive privilege over entire Mueller report
"And we begin at the White House where the president today asserting executive privilege over special counsel, Robert Muller's full report on Russia's interference in the twenty sixteen election, all of this intensifying clash with congress over its investigation into the Trump campaign and Russia. The move came just before the House Judiciary committee late this afternoon. Voting to hold of the attorney general Bill bar in contempt of congress for failing to turn over Muller's unredacted report and underlying materials, which the panel head subpoenaed. We are covering all of this. And we start with the House Judiciary committee hearing, and it's chairman Jerry Nadler of New York. Today, we consider report recommending that the house of representatives hold attorney general William bar in contempt of congress for defying valid subpoena issued by this committee. This is not a step. We take lightly. It is the combination of nearly three months of requests discussions and to go. She aviation's with the department of Justice for the complete unredacted report by special counsel mother into Russian interference in the two thousand sixteen election along with the underlying evidence. I appreciate the fact that the department responded to the offer we made to them last week and met with us yesterday in the last minute effort to reach an accommodation. We heard the department out responded to them in good faith. And after always said and done we unfortunately were still unable to reach agreement, and we proceeded with our markup today is I've said before we remain ready and willing to consider any reasonable offer made by the department even. After today's vote. But if a letter I received late last night from the department is any indication I am concerned that the department is heading in the wrong direction. In response to our latest good faith over the department of Brunton announced that if we move forward today, it would ask President Trump to invoke what it refers to protective assertion of executive privilege on all of them subject. Are subpoenaed just minutes ago took that dramatic step. Size misapplying the doctrine of executive privilege since the White House waved these privileges long ago and the department seemed open to sharing these materials with us. Just yesterday. This decision represents a clear esscalation the Trump administration's blanket defiance of congress constitutionally mandated duties. I hope that the department will think better this last minute outburst and return to negotiations as Coequal branch of government. We must have access to the materials that we need to feel our constitutional responsibilities in a manner consistent with past precedent. This is information we are legally entitled to receive. We are constitutionally obligated to review. And I would remind the members that the mullahs report is no ordinary run in the middle document details significant is conduct involving the president, including his campaigns willingness and eagerness to accept help from a hostile foreign government numerous misstatements if not outright lies concerning these act those acts and eleven separate incidents of struck the behavior by the president that more than seven hundred former prosecutors have told us warrant criminal indictment. If congress is not entitled with full unredacted Muller report, one must wonder what document we would be entitled to exhausted negotiations with the department of Justice have unfortunately left us back where we begin with unprecedented obstruction by the ministration that has now announces intention to block all the Thames congressional oversight of the executive branch. It is our constitutional duty to respond. Let me be clear if we request we are requesting entirely. Within our legal rights receive, and is no different from what is been provided to congress on numerous occasions going back nearly century. But we do not need to go back and forth to find a precedent. As recently as the last congress under Republican control, the department produce more than eight hundred eighty thousand pages of sensitive investigative interiors pretending to its investigation of Hillary Clinton as well as balloonists other material relating to the rush investigation and other ongoing investigations that production included highly classified material notes. FBI interviews internal text messages law enforcement memoranda. With respect to grand jury information in past cases involving Gatien's of presidential misconduct or misconduct by other high-ranking. Public officials the department of Justice as a matter, of course, the permission of a court through at least relevant information to congress if not to the public notably. This include several cases that were not impeachment inquiries, including the investigation into former agriculture secretary, Mike Espy and the Iran country investigations as well as other investigations that were not governed by the independent counsel law. But no matter the fact that the law and history clearly support the release the congress of this kind of information the Trump administration has taken obstruction of congress to new heights. Unfortunately, the attorney general has been all too willing to support the president in this endeavor. I would also like to respond to the concerns often raised by my good friend. The ranking member. Yes, how can the committee hold the attorney general in contempt for merely complying with the laws on the books, and how can we hold him in contempt when I have refused an offer to allow me to see certain redacted portions of the report, the answer's simple. I we issued a valid subpoena for the full report. And all of the underlying evidence department is come nowhere close to satisfying obligations under that subpoena. Those comments by the chair of the House Judiciary committee, Jerry Nadler of New York, again, the final vote along party line vote twenty four to sixteen and at the conclusion of the hearing chairman Nadler telling reporters, the US what he calls facing a constitutional crisis over the mullahs report from the Wall Street Journal there is this quote, the dispute centers around the unredacted version of the mullahs report and the underlying evidence some of which the Justice department says by law cannot provide because in. In part. It involves grand jury testimony that is secret Democrats subpoena the material last month saying it was necessary for congress to independently examined the material and the basis for Mr. molars findings. The journal goes on to write quote at the Trump administration's abroad, refusal to cooperate with any oversight request from democratic committees elevating tensions between the two branches to levels unseen since events of the magnitude of President Bill Clinton's impeachment, the Iran contra arms scandal during the Reagan White House and Watergate a move that invokes executive privilege is all but certain to provoke a constitutional challenge in the courts more details at wsJcom more from today's hearing Doug Collins is the ranking member of the House Judiciary committee. Mr this. The folks watching this log continues last week ours you and the fellow members of Jewish Democrats to respect the history of this committee business accordingly. We still have across southern border still. Feeling property here. We are wasting another bible week legislating calendar against the majority's war against the administration. Today, we are meeting to consider a resolution to hold attorney general Bill bar in contempt of congress. So let's take just a few moments and go through this. What is the justification for holding attorney general bar in contempt of congress for apps failed to abide by the special counsel regulation? No, he went above and beyond what the regulations far by transmitting the full report to congress with limited. Reductions could it be that the attorney general failed to accommodate the chairman's demands for information. No, he offered to let the chairman involve other democrat leaders review, the less redacted at the department of Justice, including a ninety nine point nine percent unredacted volume own strokes in an odd move for anyone demanding access to information. The chairman and the other elected Democrats giving access declined to view that report. Attorney general also volunteered to testify before this committee about the reports conclusions his role in sharing the report. And as we all witness, the democratic gangs force the attorney general to forego the schedule hearing last week on Monday just farm an offer to meet to discuss accommodations yesterday. They made a reasonable offer to avert this. And once again, they were rebuffed and the chairman the client, perhaps the end, the Democrats believe that there has been an unreasonable delay in the Justice farmers response to they're saying, no, that's not true. Either. In the chairman is moving to this contempt resolution at lightning speed. It has been less than twenty days since the chairman now subpoenaed documents from the Justice department when the oversight committee held Eric attorney general Eric Holder and content more than two hundred fifty days had passed between the subpoena and the committees vote to hold him in contempt more than four hundred and fifty days passed between the committee's initial request to the Justice department and the committee's contempt vote, dude Isra Democrats are moving more than ten times. Faster than oversight did with holder. They have moved from request to contempt vote in only forty three days. And yet the Justice department is still at the negotiating table waiting for the Democrats to arrive in good faith, while this rush without any valid legislative or administrative reason, we can only assume the Democrats that are led by the chairman have resolved to sully the Bill bars. Good name and reputation to accomplish to go. First Democrats are angry the special counsel report and did not produce the material or collusion's. They expected to pave their path teaching the president feel compelled remind everyone the report found offers to do so no one from the Trump campaign knowingly conspired with the Russian government, and you can't help. But notice the phrase Russian collusion has vanished from the democratic talking points and left a void in the narrative. The special counsel did not make a prosecutor determination structure in which was his job attorney general and a deputy attorney general did so according to their mandates law enforcement officials while giving no credence to the office of legal counsel. Opinion regarding that a sitting president as a result, they're angry their anger nations chief law enforcement officer and his dad had yelled acidy decide the didn't support charges for obstruction investigation into something. The president. Second Democrats are afraid of what your general will fund when he completes his own going review of abuses, the Justice, including how the Russian investigation began. Multiple news reports have suggested those conclusions could be explosive good in careers and could even lead to criminal prosecution rather than face that the Democrats resolve to neutralize Bill bar by attacking him in the office in his in his career. This is the first what a cynical mean-spirited counterproductive irresponsible staff. It is. Meanwhile, our economy urging unemployment amongst already groups historic low a recent Washington Post poll shows cratering support for impeachment, but Democrats have no plans, no purpose, and no viable legislative agenda beyond attacking visit ministration the house is more than four months into a democratic majority. How many bills passed by this committee have been signed into law chairman poor? You see reason I asked if you recognize the craving and insincere politics. It seemed to be yielding, no. No dividends for the American people. We've talked multiple occasions improved at last week's pharmaceutical market that I stand ready to work with you to promote solutions. I will not though become a bystander as we say, the attorney general, and this committee our democracy deserves better. Those comments from Republican Doug Collins of Georgia, the ranking member on the House Judiciary committee and on Twitter. The president wrote the following, quote, everyone wants to know who needs to be accountable because it took up to two years of our lives talking about the Russia involvement at proved no collusion and people want to trace it back to see how all of this happened treasonous hoax that the president at real Donald Trump. And at the White House press secretary Sarah Sanders was asked about the president's use of executive privilege. Caroline, chairman Naylor says at the White House already waived executive privilege. He said the moment they reveal documents Muller, they waive the privilege that's black letter law. So how is the White House still claiming turning Adler would be a little? A bit more on the law. I'm not actually like understand better than he does. The attorney general is protecting information. Grand jury information confidential information had he cannot release the fact that the chairman knows that and continues to ignore it is absolutely absurd. What's not forget. This is the same guy who was to frayed to ask the attorney general questions himself if he can't do his job, and he can't understand basic rule of law and uphold it then he shouldn't be in
Uber, Lyft Won't Pick Your Kids Up (But Other Car Services Will)
"A I blockchain smart cities, the digital transformation happening now makes the seemingly impossible doable at Deloitte. We help clients harnesses powerful technologies to improve business and the world, Deloitte dot com slash look again. This is tech news briefing. Im Tanya boosters reporting from the newsroom in New York coming up the child chauffeuring dilemma as parents look to outsource their job of chauffeur. The biggest companies Uber and lift actually forbid drivers from picking up minors under eighteen as any parent with children will tell you that is not the case in terms of practice getting down to the stickiness of it all after these tech headlines. Lift reported quarterly earnings Tuesday afternoon. The first financial report since the company went public in March it, of course, beat Uber to the public markets. However, the initial excitement wore off pretty quickly as for today's excitement. Here's the damage. The journal says lift posted strong growth in its first quarterly report nearly doubling from the year before even as losses continued to mount revenue comes in at seven hundred and seventy six million dollars in the first three months of the year. That's up ninety five percent from your earlier. This was accompanied by a surge in spending and sales and marketing which includes writer discounts that lift showered on users for much of the first quarter spending two hundred seventy five million dollars. That's up sixty three percent lift expects revenue growth to slow in the second quarter and the rest of twenty nineteen it projects revenue of at least eight hundred million in the second quarter and as much as three point three billion for the year in its latest report a team of Cowan analysts predicted that the true five G services won't actually materialize in twenty two. Twenty two and that's the earliest and as five g service will be available in handful of US cities this year. It's also noted that most people will only get incremental upgrades to the speeds that they get with today's four G L T services. The journal also notes that while apple isn't expected to compete in five G this year. It's settlement with Qualcomm makes a five G iphone in late twenty twenty much more likely because Qualcomm is far ahead of the other chipmaking peers in the technology. You can read up on all things five G at wsJcom or the WSJ up and a data and privacy update health insurers are collecting much more than just medical data about their members providers are awarded for keeping patients healthy as such by integrating medical data with personal information and applying analytics to it insurers and health providers. Seek to identify patients at high risk for an illness with the goal of intervening and preventing it but the use of personal data to make health predictions. Also causes a new wave of privacy concerns like whether a patient's price. She could be violated if the data is misused or used to draw unfair or inaccurate insights WSJ pros, Brian Gormley has the story at wsJcom coming up a check in with the state of parenting today as it pertains to ride HALE in rules as overbook children and overworked parents scrambled to get places support for this podcast and the following message. Come from Deloitte, a global leader in digital transformation helping clients apply. Technologies like cloud and AI to their unique business challenges, Deloitte dot com slash look again. Busy parents who turn to ride hailing apps to solve their child. Chauffeur dilemmas may be defined company. Age restrictions quite possibly news to the droves of parents who have their children chauffeured around by such apps like Uber. And lift the Wall Street Journal's Julie jargon has more of the story. She joins us via Skype from Los Angeles. Julie. Hi, thanks for having me. Sure. So for folks who aren't parents. It's interesting to see how prevalent ride hailing is among teens, and you look at the changing times, I guess if my generation had this tag. I'm sure I would have held an Uber and not scrambled for a ride all the time. But am I wrong in presuming that this is the main way kids get around these days how prevalent is it? You know, it's hard to measure, and I'm not sure it's the main way a lot of kids are probably still ferried about by parents and car pools of other modes of transportation, but it's clear that this is becoming an increasing option for a lot of teenagers, especially in big sprawling metro areas. But even in some. Suburban areas where you know kids have, you know, school choice programs in they have to go to school outside of their neighborhood way across town, and you know, mom and dad or working, and everybody's kind of all over the place. And so with a advent of these services people have been turning to them more and more and a lot of parents that I've talked to who didn't want to talk for the column did say that they use Uber or lift quite a bit for their teenage kids in defiance of the of the rules that unaccompanied riders have to be at least eighteen. Yes. So that's that's sort of what I was getting it because even for someone like myself far removed from chauffeur and kids around. I see that it's done all the time. So I was apprised to learn that it's actually not allowed. But it's one of those things I guess like jaywalking. It's kind of done anyway. Yeah. You know because the teenagers can use their parents account. And so when over our lift to get request for a ride, they you know, they think it's coming from that adult who has that out. And they come and pick up someone who is not an adult, but you know, a lot of teenagers look older and probably hard to tell if someone's sixteen or eighteen and you know, sometimes I have heard cases where would drivers has have questioned the writer and have decided not to pick up that that person. But a lot of cases, they don't ask the question. So it goes on a lot what are the ramifications account holders who allow their children to excess? Their counts. Do they risk losing their cancer? How serious or do things get here. Yeah. I mean, I don't know how widely it's actually enforced, but the companies do have a policy that state not account holders who are allowing their children to access their accounts could risk losing access. And maybe they get a warning. It's probably not that severe that. It's withdrawn. But you know, there are potential risks. Right. So now that we're caught up on the rules. Are there such right apps that address this issue ones that have the parental child rules of transport in order here? What what's out? Their parents are utilizing. Yeah. A lot of startups have come about in recent years to address the demand for getting kids to to places when when parents can't. So there are a number of of services like hop. Skip drive and and bubble and zoom that are specifically created to take children to where they need to go, and they have very rigorous standards for who can drive for them. The services all require the drivers to have previous childcare experience anywhere from three years to five years, and as a result of all the background checks, and the you know liability insurance in those kind of things those services do cost quite a bit, especially as compared to Lubar left. So with ride hailing in general, there are all kinds of safety concerns. I imagine even more. So when children are involved, so what's the state of affairs in terms of safety, and how are companies like Uber and lift keeping tabs on this well lift because. Don't allow on younger children to to take rides. You know? And it may be that they decide to do. So at some point Uber did have a pilot in a few markets in two thousand seventeen where they were testing ridesharing for for under eighteen but the newer services that have come up to specifically address children. You know, they do they do have these background checks for their drivers. They make them have fingerprints that run through the FBI, and they they do, you know, really rigorous kind of background checks in vetting of the drivers. And that's you know, a pretty tough business model. I sure it's difficult to find enough people who are qualified to drive for them. And some of the startups have gone out of business already. So it's you know, it's hard to say whether they'll be able to stick around and be profitable. But you know, parents do have concerns whether they're sending their child in one of the these services for children or in Uber because you have to verify. That the driver who's picking you up is in fact, the right person. I mean, there was recently that that horrible case in in South Carolina, where a young woman allegedly got into a car that she thought was her Uber. And it was not an Uber, and she was martyred. And so, you know, those kind of things when they come up in the news due. I think give parents pause about is it safe for anyone, you know, in in most communities to ride in cars with strangers and is it safe for their children. It's very, you know, it's changing times. And it's it's changing very quickly. So thank you for the latest as it pertains to ride hailing. Julia you bet that ends this edition of tech news briefing from the newsroom in New York. I'm Tanya boost does thanks for listening.