Little love for libra. And how amazon plans to take on its new highend echo speaker. We begin with that fresh facebook news. The ftc has approved a privacy settlement with the social media giant, fining facebook about 5 billion. This marks the most significant axiom yet against facebook over a series and send the company reeling from one crisis to another. I want to bring in kurt waggoner, who covers facebook for us. He joins us on the phone. In washington we have naomi, who covers corporate influence. We know about the amount of the fine, tell us more about any other Additional Details that will be coming along in the settlement . That is the key. Facebook had said i believed it was in april they set aside 3 billion for this very purpose and the fine could be up to 5 billion. This was something the company was prepared to handle. They also made 56 billion in revenue. The additional will be the details on whether or not any agreement includes something that could limit the Data Collect
Abigail we have gains for the andr averages, the s p 500 the nasdaq higher. Weekly gain for the s p 500 and the nasdaq, the best weekly gain since december of last year. The bullishness we saw last year in the s p 500 in 20 feet teen into 2018. Extending there is one small divergence or difference, that is the russell 2000, down ever so slightly. But on the week it is higher. There is a bit of the tax theme to the russell 2000. It has been a bit of a proxy for tax report, and one company is saying it will be hit by the tax cuts or tax reform, Deutsche Bank. A 1. 8 billion tax cut, the shares down 5. 9 . The real culprit behind this weakness is Deutsche Bank saying its fourthquarter trading revenue action activity down 22 . That is weighing on jpmorgan and Goldman Sachs, both of these big theirderive much of revenue from trading activity. We will continue to watch headlines around that. Speaking of passes, we will check in with some of those taxes, check in with some of these high Tax C
Also coming up for you this hour lovers around the world are celebrating valentines day monthand that makes this particularly rosy for businesses. We will take a look at the impact that february 14 has on everything from flowers and chocolates to his and her outfits. In nine years ago today, former lebanese Prime Minister roughy career he was assassinated. You are watching france. Nicoletti said he will resign after the head of his Political Party pulled support. Been the new ring from us to become premier. He has that she is already the mirror florence but he has no experience on the global stage. Rensing and ambitious, was elected the mayor of the head of the party last september. He has no experience. He called for a change of government, criticizing nicoletta for not acting quick enough to restart the economy. We see a need to open a new phase and have a new government. Which can share as part of a coalition a wide, open program. Inspired by former risk premised or tony blair and h
Live. Documentary writer and producer and director of the new pbs frontline report facing eviction, Bonnie Bertram joins us live from new york. That film airing tonight, debuting tonight on frontline at 10 00eastern and nine central, welcome to washington journal. Great to be here. Idwhy did you take up the issue e of infections . We have been considering doing a story on housing in february 2019 and 9. When the pandemic hit we realized quickly this was going to be a big story so we pivoted and we decided that once the government said that they needed to stay at home we thought housing was going to be a critical part of staying healthy during the pandemic so its hard to remember now but taat the time we couldnt travel so we wanted tocapture the stories of people across the country but we couldnt go anywhere. So emily, my associate producer i work with and i quickly got con the phone and startedcalling legal aid offices across the country. We call other journalists, judges to see who wo
Emily Eric, the wife of Nigeria’s youngest senator, Elisha Abbo, who was caught on camera physically assaulting a woman at an adult toy shop in Abuja, has…