This hearing on the Judiciary Committee subcommittee on privacy, technology, and the law will come to order. We are here to address Cyber Security concerns in the data broker industry. This is not the first time our subcommittee has gathered to do so, after several Security Breach last august we held a hearing to ask the question of how secure is consumers data in the hands of data brokers . The answer, not very secure. Industrybroker immediately responded by committing to take seriously Security Issues and pledging to dedicate resources to Data Protection measures. Yet here we are two years later in the wake of what we now know is the largest breach ever of private consumer data. We are trying to figure out how it happened once again. It happened because data brokers have created an industrywide culture that appears not to prioritize the security of consumers information. Traditional data brokers, those who make a profit from buying and selling data to other companies, have very littl
Creed, and that bullying and prejudice in our public life set a national tone. Global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. I am alisa parenti. This is bloomberg, and Bloomberg Technology is next. Emily i am emily chang, and this is Bloomberg Technology. Gets 1 billion in its war chest and a funding round with alphabet leading the charge. Whether google parent is riding shotgun in the start of race against uber. Says that apple slashes orders for the iphone 8 by half. We put the strategy of logic 2 smartphones weeks apart under the microscope. And the Company Continues to face a series of political and public setbacks. How the ceos multitasking skills are being tested. Gets investment of 11 billion and it comes from its biggest rival. Alphabets g unit is leading the investment. Google ventures made a big investment in uber years back. Waymo is embroiled in a bitter lawsuit with uber. Joining us is our guest was for the hour, bob m
Today. Lets get to the Global Markets report u. S. Equity futures right now are looking a little bit lower dow futures indicated down by 68 points this comes after the dow closed above 23,000 for the First Time Ever and it did so in a powerful way with the dow gain of 160 points yesterday. Right now it looks like the nasdaq is indicated to open down by 31 points the s p futures are indicated down by 9 points overnight in asia, china reporting Third Quarter gdp growth of 6. 8 , in line with expectations, but you can see a pull back in both markets. The shanghai composite off by a third of a percent in japan, stocks closed higher again, up 0. 4 21,448 ibm, that was almost 15 points, 5 in the morning, 6. 7. 9 at one point. Cramer was going nuts there were all the naysayers, after 22 straight quarters of declining revenue and still there and there were the questions about the tax issues those were the consensus, cramer against consensus, saying it was more about the next quarter and the In
President trump said that the soldier knew what he signed up for. He tells bloomberg is motivated to serve the country. Reports ofalled their disagreements they can is. And former president george w. Bush addressed a poor and a forum. That bigotry and White Supremacy and any form is blasphemy against the american creed. He also says bullying and prejudice set the national time. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Bloomberg technology is next. Emily i am emily chang, and this is bloomberg technology. Coming up, lyft gets 1 billion for its war chest in a funding round with alphabet leading the charge. Why the google parent is riding shotgun with the startup in the race against uber. Plus, apples iphone plans come under scrutiny after a report says the company slashed orders for the iphone 8 by half. We put the strategy of launching two smartphones weeks apart under the microscope.
It was mr. Smiths third such questioning in a weeks time. And most of the subcommittees inquiries focused on the speed of the Credit Reporting agencys response to the knowledge its data servicers had been infiltrated by nefarious forces. This is about an hour and 40 minutes. Jo this hearing of the subcommittee on privacy, technology, and law, will come to order. Were here to examine per sis sent cybersecurity concerns in the data broker industry. This is not the first time our subcommittee has gathered to do so after a cybersecurity breach last august, we held a hearing to ask the question how secure is consumers data in the hands of data brokers. The answer, not very secure. The industry immediately responded by committing to take serious Security Issues and pledging to dedicate resources toward Data Protection measures. Yet here we are two years later in the wake of what we now know as the largest breach of private consumer data. Were trying to figure out how it happened once again.