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Americans in this country given what could happen with social security if this does indeed happen. the presidents going to make the case, democrats need to act, republicans should join them in order to avoid fiscal disaster. that should be his main message at the white house. >> monica, sahil, thank you both so much. coming up, the top government official who oversees wall street says not dealing with the debt ceiling could completely shock markets. were going to ask him about the ripple effec...

Heartbreaking and its unbelievable that facebook is still holding off on this when their own research shows it. that does it for us this morning, stephanie ruhle picks up the coverage right now. hi there, im stephanie ruhle live at msnbc headquarters here in new york city. it is wednesday, october 6th. lets get smarter. this morning the pressure is son with u.s. default less than two weeks away. the senate set to vote today to begin the process to suspend the debt limit, but republicans, they ...

Talked about, as well as antitrust action, regulation when it comes to transparency, data privacy, perhaps carving out some parts of section 230. maybe the whole menu needs to be considered. it has to be absolutely right, a lot of smaller companies can get caught up in these regulations and be punished. facebook could thrive, which is what we saw in europe with the data privacy regulation there, it actually favors in some ways the biggest companies arguably. so it has to be done right, but also ...

Everything facebook is doing is legal. last week you had a startling, scary example that you showed us your office created a facebook account of a 13-year-old girl on instagram and you showed us how dangerous instagram is. the problem is theres not a single law protecting anyone over the age of 12 so we can talk all day long that we think mark zuckerberg is a nasty guy who shouldnt be on vacation, but he is because he can be, and youre the policymakers. how do you convince the rest of congress l...

What tangible actions can you make outside shutting them down? >> look, i think that theres a number of things that we can do to help the investing public. you mentioned gamification. our platforms, whether theyre brokerage applications or robo advisers often are using digital analytics to maximize their revenues, and if theyre trying to maximize their revenues rather than your investor returns, thats an inherent conflict, and i think we see that in other parts of our economy, too. its not just ...

No shortage of anger here from lawmakers. what there tends to be is a shortage of action. you listened to senators after that hearing, they say what could be the tipping point is the fact they now have a whistle-blower who brought the receipts with her when she left the company, new troves of data, an ability to look under the hood so to speak of facebook and how it works. again, this is not necessarily a conversation exexplicitly about content, its about the rabbit holes that lead young girls a...

The way, roughly 5% below record highs, but if you throw in the d.c. drama, together with fears over interest rate policy from the fed, together with concerns about high stock market valuations, real estate valuations, and of course what appears to be data showing a possible slowing of the u.s. economy post-pandemic, you get this kind of up and down whipsaw action. its not all that uncommon. its just we havent seen it in quite some time. also, by the way, a lot of this might have to do with trad...

Really done when it comes to internet regulation. i do think that facebook has said that they sought regular regulation for quite some time. ive been covering a lot of these facebook hearings. for the first time i heard members of congress talking about the systems and the products that facebook has which is a system that amplifies agitating content, and theyve spoke about algorithms, ranking systems, things that were really at the heart of the belly of the beast and talking about whether facebo...

230, which is part of the larger conversation here. thats a liability shield for these tech companies, but it really does speak to the content, again, were talking here about the algorithms and sort of the under the hood mechanisms of how this stuff works. i was struck yesterday, there are senators calling this a tipping point. weve seen other tipping points and flash points on other big issues here in washington. i think specifically about the pushes that we see after mass shootings on gun viol...

Man sounding that alarm, s.e.c. chair gary gensler. i know a default would be bad news. help people at home understand what that would look like for them. >> well, i think of it this way, the treasury markets are at the base of our capital markets. theyre called risk free for a reason, and what we would call into question what does that mean, risk free? its like the foundation of a home, and if you had a home and somebody said, guess what, your foundation is defaulted. its basically broken. the ...