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Mar 14, 2024
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back to the ccp, doesn't the ccp already have all the data it might want from the users of tiktok? >> well, i think it could contain more sophisticated data. i mean, we're talking about data where you can do machine learning analysis, you can really understand what the behavior of users are, how they may be able to react to certain information. this is one of the things that, you know, social media platforms are really sophisticated. they really can -- if you have all the data, you can predict people's behavior. >> senator, if you were back in the senate today, what would you be asking about these kinds of companies that may be controlled by or domiciled in a country like china or in the middle east or somewhere, what would you be asking, and where would you come down on this idea of banning or forcing the divestiture of tiktok? >> well, first off, take a look at how tiktok has responded to these threats. they've basically asked their user base, which is half the american public, please weigh in. please tell your congressman. that's very threatening to people who sit in that room w
back to the ccp, doesn't the ccp already have all the data it might want from the users of tiktok? >> well, i think it could contain more sophisticated data. i mean, we're talking about data where you can do machine learning analysis, you can really understand what the behavior of users are, how they may be able to react to certain information. this is one of the things that, you know, social media platforms are really sophisticated. they really can -- if you have all the data, you can...
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Mar 18, 2024
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this is talking about not letting ccp own this. it's not allowed to own "the new york times" it's not allowed to own rupert murdoch -- >> ccp doesn't own "the new york times" now? they come up with all that stuff on their own? >> i'm not a huge fan there. i think this is how the world works. you can't give your adversary, you have a crazy dictator in charge. >> we get wrapped up in the stuff where we're shooting at ourselves. it's very different whether you're talking about the ccp or putin. those are actual threats to our democracy. but when you have 100 million americans or 170 million americans saying i want my mtv. i want my tiktok, what happens? because i see this slowing down in the senate already, and senators saying we're glad that the house voted for it, but we're not going to do that. what happens? how does this play out? >> i think there are some concerns by putting out like david said, elon musk, others on the right we want to make sure it's not giving the president the power to go after any platform they want. my readi
this is talking about not letting ccp own this. it's not allowed to own "the new york times" it's not allowed to own rupert murdoch -- >> ccp doesn't own "the new york times" now? they come up with all that stuff on their own? >> i'm not a huge fan there. i think this is how the world works. you can't give your adversary, you have a crazy dictator in charge. >> we get wrapped up in the stuff where we're shooting at ourselves. it's very different whether...
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Mar 13, 2024
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with tiktok or byte dance by extension, or any other chinese organization is that by law, china and ccp, communist party, has the right to access any of the data of any americans. that's a really big concern for privacy and espionage and all kinds of other activities that they can use. >> and if the answer is no, please say no, because, again, this is not my world and i'm just extrapolating what i'm reading. let me ask it more directly. if i have tiktok on my phone and i have my bank account, wells fargo, bank of america, whatever it is, and i have an app on my phone for the bank account and i log in, is it possible that through the terms of service, that theoretically, tiktok would be able to have any log-in information that i'm using on my phone? >> that's an important question. what we have found, what we have seen is tiktok being able to access that information, not through your phone, but through the websites that you access through your phone or your computer. so that's a very important distinction, because you don't need to have a tiktok app for tiktok to be able to get your info
with tiktok or byte dance by extension, or any other chinese organization is that by law, china and ccp, communist party, has the right to access any of the data of any americans. that's a really big concern for privacy and espionage and all kinds of other activities that they can use. >> and if the answer is no, please say no, because, again, this is not my world and i'm just extrapolating what i'm reading. let me ask it more directly. if i have tiktok on my phone and i have my bank...
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Mar 8, 2024
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ccp? really? they're behind tugging at my heartstrings? >> if you break it down, you don't have to -- we're not going to shutdown tiktok, but you cannot have the information going back to bytedance which there are some chinese government controls over there. >> who are the kids crying if you take tiktok away? did you see that? >> i don't know. i don't have tiktok. >> you don't know. >> no. >> if you take this away -- oh, someone threatening to kill themselves if you take tiktok away. some girl. >> that really gives me concern. >> unbelievable. >>> business groups sued the consumer financial proptection bureau over the rule that caps credit card fees. they voted to limit fees to $8 which is less than the average of $32. the consumer bankers association and american bankers association are opposing. they sued to block the rule. they argued it exceeds the authority and it will result in more late payments and higher debt and lower credit scores and reduced access to credit. >> that's the rub. reduced access to credit. they will say that every
ccp? really? they're behind tugging at my heartstrings? >> if you break it down, you don't have to -- we're not going to shutdown tiktok, but you cannot have the information going back to bytedance which there are some chinese government controls over there. >> who are the kids crying if you take tiktok away? did you see that? >> i don't know. i don't have tiktok. >> you don't know. >> no. >> if you take this away -- oh, someone threatening to kill themselves...
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Mar 22, 2024
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this doesn't make any sense if we're to compete with the ccp or anyone else. >> right. i think elon musk even made that point. that it's -- it's so hard to do it legally. you might as well go down and just come on in. it's -- that's not -- that's not the way is should be. you got to address both sides of that issue at the same time. >> that's absolutely right, and we can't win this competition with the ccp by keeping out innovators. >> and going after apple. is that a good, a good usage of our time and efforts? do you think? >> trying to get me into trouble. >> i am. i am! >> my iphone cost $900. if it could cost a little less, nice. but that's the -- >> the bailiwick. no one's forcing you, congressman! you love that ecosystem. don't you? >> i -- i do. look -- let's -- obviously this decision is above my pay grade but what i can say is, i'm glad that the biden administration is looking to make sure that we have a situation of level playing field. especially for small businesses and others competing with the larger ones. >> okay. perfect. the needle, the thread -- shweee
this doesn't make any sense if we're to compete with the ccp or anyone else. >> right. i think elon musk even made that point. that it's -- it's so hard to do it legally. you might as well go down and just come on in. it's -- that's not -- that's not the way is should be. you got to address both sides of that issue at the same time. >> that's absolutely right, and we can't win this competition with the ccp by keeping out innovators. >> and going after apple. is that a good, a...
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Mar 11, 2024
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the head of the committee on the ccp. he said the house is strong and we hope to get a vote in the senate and biden said he will sign it. it is surprising how quickly this bill has moved. that raises questions of the challenges and could it slowdown in the senate. >> what does divestiture mean? >> that is how lawmakers are pitching it. 165 days for tiktok to find another buyer and go off somewhere else. this raised questions about what a sale would look like and who would be the potential buyer. certainly, you see that trickle into the politics of it as well. tiktok said that is not enough time for us, but talking with mike gallagher, he said tiktok knew this was coming. they knew we had problems. they knew we had issue with the parent company bytedance and we wanted to divest. >> do you think this gets signed? >> not necessarily. you have seen concerns raised with the tiktok bill. first amendment. freedom of speech platform. that has tanked other efforts to ban tiktok in the past. then this bill actually names tiktok. th
the head of the committee on the ccp. he said the house is strong and we hope to get a vote in the senate and biden said he will sign it. it is surprising how quickly this bill has moved. that raises questions of the challenges and could it slowdown in the senate. >> what does divestiture mean? >> that is how lawmakers are pitching it. 165 days for tiktok to find another buyer and go off somewhere else. this raised questions about what a sale would look like and who would be the...
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Mar 21, 2024
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i think we have here a narrow issue with tiktok and the ccp. offering a trojan horse for government to control all algorithms. that's the doomsday narrative. china controlling this algorithm, have to be an idiot think that's not clearly bad and not doing something about that, but then the u.s. government broadly having control over all algorithms becomes dangerous and like becoming a china overtime. i'm not a lawmaker, a legislature, i'm not a politician. i don't know how to exactly draw the lines but this is a very nuanced issue. >> i can draw lines as a politician. young people vote. you can see it. and they vote democratic. why do you think schumer's not moving? why do you think schumer thinks he had control what kind of government israel has? >> all about votes. >> don't you think, geoff? a cynical viewpoint but i worry nothing's going to happen. like you say. nothing happens on tiktok because young people vote and -- people on tiktok have started threatening senators. i saw a -- it was a recorded message to someone's phone. last night. i f
i think we have here a narrow issue with tiktok and the ccp. offering a trojan horse for government to control all algorithms. that's the doomsday narrative. china controlling this algorithm, have to be an idiot think that's not clearly bad and not doing something about that, but then the u.s. government broadly having control over all algorithms becomes dangerous and like becoming a china overtime. i'm not a lawmaker, a legislature, i'm not a politician. i don't know how to exactly draw the...
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Mar 13, 2024
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aggressively to the degree that tiktok has done, that you would have chinese nationals trying to persuade the ccp this is the wrong action to take. there is some asymmetry here in the way in which things are happening in the u.s./china relationship that only gives national security people here in washington more pause and more concern. >> yes. a lot going on here. as a matter of fact, rand paul yesterday or the day before was saying us trying to be on tiktok is what china does to apps in china. people on both sides of the fence really pushing and pulling on this. dewardwick mcneal, thank you for your time and insight. >> thanks, frank. >>> boeing around new developments around the door plug blowout. the national transportation safety board announcing it will hold a two-day investigative hearing on the incident involving the alaskan air flight, this as alaskan tells cnbc the maintenance was scheduled after the flight was finished. they so concerned about growing evidence of the problem that the boeing 737 max-9, they wanted it to come out of service, but the airline chose to keep it flying with so
aggressively to the degree that tiktok has done, that you would have chinese nationals trying to persuade the ccp this is the wrong action to take. there is some asymmetry here in the way in which things are happening in the u.s./china relationship that only gives national security people here in washington more pause and more concern. >> yes. a lot going on here. as a matter of fact, rand paul yesterday or the day before was saying us trying to be on tiktok is what china does to apps in...
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Mar 14, 2024
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, we saw, you know, landmark shifts across the globe including in california with the launch of the ccp a. and then in other countries like brazil, a lot of privacy regulations. so i think there are a couple of things to pay attention to here. any organization or enterprise looking to use, deploy, build artificial intelligence, they will require oversight and accountability, and one of the best ways to build trust is by using the frameworks that are being used in the act. is it overly cumbersome? i don't think so. i think it is necessary to build a trust with this powerful technology that is pretty much becoming the infrastructure of our entire society. >> so to pick up on contessa's point, you do not see these regulations as excessively onerous. i assume there will be some costs here involved in one way or another. let me cut back to the chase. will this be a global model of regulation and for the united states or not? >> i think this is similar to the gdp are. there are hopes. that means that other countries are going to adopt a similar model. in the united states, it has been a big f
, we saw, you know, landmark shifts across the globe including in california with the launch of the ccp a. and then in other countries like brazil, a lot of privacy regulations. so i think there are a couple of things to pay attention to here. any organization or enterprise looking to use, deploy, build artificial intelligence, they will require oversight and accountability, and one of the best ways to build trust is by using the frameworks that are being used in the act. is it overly...
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Mar 28, 2024
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getting in bed with the ceos and getting in bed with the ccp and at the same time we're worried about china exporting malware into our grids and if we ever do have a confrontation, they don't need to fire a shot at that point. when they decide to handle their own oversupply of everything over there by dumping crap like they have done in the past they will dump evs when they start dumping evs here like other places, there will be tariffs. it will be a hellish nightmare all these guys are over there and not questioning what is happening because it is a bargain they need to make with the ccp. >> janet yellen made a speech yesterday in georgia highlighting what you said we saw what the chinese did with steel. we saw what they did with aluminum now they are doing it with evs and lithium and ion batteries and solar panels it won't get fooled an gagain. you are right. it doesn't matter who wins in november if the chinese try to export evs, there will be tariffs the ceos, they have to go. a lot of people invested in china did it starting 20 or 30 years ago when the bargain was different and r
getting in bed with the ceos and getting in bed with the ccp and at the same time we're worried about china exporting malware into our grids and if we ever do have a confrontation, they don't need to fire a shot at that point. when they decide to handle their own oversupply of everything over there by dumping crap like they have done in the past they will dump evs when they start dumping evs here like other places, there will be tariffs. it will be a hellish nightmare all these guys are over...
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Mar 4, 2024
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. >> we're not looking for openness any time soon from the ccp. obviously. it is getting less open which is amazing. eunice, thank you. we'll talk later. >>> when we come back, the openai feud. elon musk suing the company that he co-founded and its ceo sam altman. is openai acting like a non-profit? we will take on that topic next and see he what the court's view is. >>> and as we head to break, check out shares of nvidia. up nearly 70% so far this year. "squawk box" will be right back. >> announcer: executive edge is sponsored by at&t business. next level moments need the next level network. from rylee's rea! hi! this listing sounds incredible. let's check it out. says here it gets plenty of light. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says here...“inviting pool”. come on over! too inviting. only at&t gives businesses our best deals on any iphone. get iphone 15 pro on us. (
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Mar 5, 2024
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give them the freedom much of the rest of the world enjoys, that's us bullying them, that's not the ccp bullying -- that's rich. you don't have to respond to that. i am way over here. i am way over here. but that's rich to me. but that's scary about taiwan, too. that seems pointed that they left that out. >> reporter: yeah, i think that what we are seeing is perhaps a move towards a codification of national security being more important than the economy. throughout the period and especially the run up to the national peoples' congress, there has been a projection of confidence in the economy, and a lot of discussion about how economic issues will be on the agenda. what we have seen is what you described, a shift. the economy in the past, we always thought china would be more pragmatic and prioritize the economy and it's shifted towards a national security. >> seems like a strong economy solves all ills, but it does not solve -- it does cause people to have hopes and dreams and everything else, so maybe it makes sense for that system. thank you, as always. appreciate it. >>> when we come
give them the freedom much of the rest of the world enjoys, that's us bullying them, that's not the ccp bullying -- that's rich. you don't have to respond to that. i am way over here. i am way over here. but that's rich to me. but that's scary about taiwan, too. that seems pointed that they left that out. >> reporter: yeah, i think that what we are seeing is perhaps a move towards a codification of national security being more important than the economy. throughout the period and...