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tv   WSJ at Large With Gerry Baker  FOX Business  February 26, 2021 11:00pm-11:30pm EST

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and on fox business every weekday start smart during the h "mornings with maria" on fox business every weekday. that will do a for us to speak in a keeper watching said to be the best regard enjoy the west of the weekend. ♪. gerry: welcome to the wall street journal at large, the news for covid continues to get better new infections are down by more than two thirds in just over a month with trends and hospitalizations and deaths in steep decline as though they have flattened in the last week or so. 7 million vaccines have been ministered taken together the total number likely to get infected and vaccinated may be as much as half the population, the leading epidemiologist will fox news we could have a herd immunity very soon.
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>> the reality is there's a 77% decrease over the last six weeks, that can only be explained by herd immunity from natural immunity from prior infection kicking in. gerry: the virus won't completely disappear in many ways we have to live with some form of it for some time as we do with seasonal flu and other viruses but it seems sometime later this year the post covid era will be upon us. it is clear many aspects of our life will go back to normality and will be able to travel, meet friends and family go to places of worship and events like this one also change some things in our lives permanently. this week we get a devote the show to look at some ways in which your lives will be changed post covid later we will talk to experts how the world of technology will change and what will happen to our cities. the most important question is the most uncertain previous national crises, wars, public health emergencies had a significant effect of the
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individual in the state in this pandemic we seen unprecedented restrictions already on our cherished freedoms people been prohibited from family gatherings, movements, businesses been told to shut down your first amendment right of freedom to worship has been curtailed, the most of these have generally been opposed by democratic state governors and city mayors it's hard to escape the impression that this control over people's lives is exactly what many of these on the left has always wanted it fits very well with the state knows better for you what is good for you than you do. listen to the state governor across the country and you get a sense that they will not let go of the pandemic. >> even though we get a vaccine we still have to be careful how we act around our families and everything else and it still means we need to mask up. gerry: we can be sure there will be a push by some to maintain a high degree of state authority over our lives and technology
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making it so much easier to keep tabs we can expect further infringement on our civil liberties will we need vaccination to work or travel? what other ways my government priorities public health impede our own freedoms. were here to talk about that surveillance technology oversight project executive director albert. thank you for joining us. >> thank you so much for having me, what is happened during the pandemic that has maybe put more information or more surveillance capabilities in the hands of government and big tech companies in ways that might continue after the pandemic and how does that change in relationship between the individual in the state. >> one of the most disturbing aspects of this pandemic a lot of the most valuable public health protections we have seen, masking, social distancing, regular handwashing are very low-tech and easy but at the same time we seen a proliferation of unproven and invasive technology platforms
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exposure notification systems that can perpetually track everyone who is nearby, new registration system even see something called bio button on some college campuses tracking your vital signs in real time. and if we're not careful it will create a new layer of permanent surveillance infrastructure that potentially tracks or health data and puts us at risk. gerry: people say i guess it's voluntary you can opt in or opt out you know how to download the apps you don't have to submit yourself to that hell surveillance, what is the problem if her voluntary giving up this data is a problem for privacy. >> i did not have a choice when they put a camera in the lobby of my building even though there is no evidence that it actually works to protect us against covid-19 students are being told this is a prerequisite for continuing education there being told they'll be fired if they don't opt in is that voluntary when you're being told the price of not agreeing is your livelihood? gerry: i agree completely what
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about vaccination passports, proof that you're free of covid, you had a vaccination, some companies are talking about this before you can get a job, travel maybe before you could go to school, we understand that in the need for public health but that places the burden it would not really seen in the past, i know kids have to be vaccinated to go to school but this is much broader than that potentially. >> we have to different agendas for entry 82 passports since 1930s without international standards on having proof of vaccination when you're flying abroad and traveling abroad, that is something where it makes sense to modernize the standard but there's a proliferation of vaccination passport technology that would be used to track whether you cannot just go to school or work but whether you could go to the local supermarket that daily perpetual tracking of vaccination status not only invasive and raise civil rights, this isn't something public health
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authorities are calling for it is not clear that this offers any public health benefit and that's really the first thing we have to ask all of these products before we get to the trade-off before we get to the civil rights concern, we have to ask is there evidence that they work because more often than not there is not. gerry: briefly what about the larger picture of the boundary between individuals in the state it is obviously a shift over time they crises dupre taps shift in favor of the state the state takes in a lot, do you see that as being a concern going forward over the next few years? >> this is the most dangerous moment in the generation for the mass surveillance and one think i would push is the law that we worked with a large coalition to enacted new york that put up a firewall this a contact tracing data collected to protect public health cannot be used by any other branch of government, not by the tax official not by police and not by ice.
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we know those iron privacy protection to say when were collecting the data for public health in the rare instances where we need more data to serve the public that we have the protection to make sure the data is not misused for any other purpose. and we only have three states in the entire country that have any sort of protection along the lines. gerry: that is fascinating and very concerning. thank you very much indeed albert fox cahn. next up how covid-19 is changing the public perception of tech company and how big tech is reaping the benefits. ♪ man: "fender bender," take 1. tonight's matchup: me versus an ugly fender bender. if i can eke out a win, it's going to be a miracle, baby! uh, mr. vitale? it wouldn't be a miracle
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gerry: long before the pandemic information technology was
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already transforming the lives last year tens of millions work from home by video conference, shop, plate and studied remotely our world of work, consumption and ledger change forever. they have even more data about everything that we do and more service of algorithms to manipulate than ever before. that gives rise to real concerns about our privacy and freedom in the digital age. where will that leave us post pandemic, how is technology of artificial intelligence affecting us, what will the post pandemic world be like for big tech in silicon valley i'm joined by's kisco former ceo. an expert is for california big companies non-tech companies leaving that state, leaving silicon valley concerned about regulation of the environment, how much of a concern is this and how much of an opportunity for the rest of the country.
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>> i sell this once before boston 128 we were the silicon valley of the world, we ignored silicon valley we lost our leadership and probably a million jobs left the state and it never came back for high-tech, there is no entitlement to silicon valley is a very difficult place to do business in the same thing true of new york city and where your broadcasting from and what it is, it isn't just the taxes which are out of control and the mayor of miami said it best they said come down we won't tax you to death. what you're seeing businesses are being given the signal that we don't want to hear we think were entitled we will regulate you et cetera where states like texas, even my home state of west virginia or montana are saying what do we need to do to attract to hear i think the change is permanent and i don't think silicon valley is entitled
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to be the next startup mecca in the world and if i had to bet i would bet on texas and uc texas competing with dallas and austin saying how do we attract too. i think this is a permanent change and if we don't get our act together in california not only will we lose a lot of jobs we won't even attract startups to come. i'm worried about it, we've seen the movie and is plenty of time to react but when judah packard left in charles schwab and elon musk is saying he may leave i don't think you're getting a call from government leaders saying what does it take to keep you here. the not wine and sign is hung out in other states make it easy to establish your busy and so easy to put your employee base regardless of where your headquarters on it is a real challenge. gerry: one thing we see that the pandemic is the big five, people think about amazon, apple, google, facebook, microsoft have grown even bigger and powerful and extraordinarily successful year as many people have
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suffered and grown enormously and dominate many sectors, that's too a lot of people the growing concern about the control that they have, the power they have in the control the data and privacy issues and a lot of calls for something to be done broken up, regulated, what your view? >> my view big companies, it's how do you use that they started saying to silicon valley to big companies to amazon et cetera if you do not change we will regulate you and antitrust will come in to their credit they told us that. and yet the become buddies did not change. i think increase regulation is going to come in antitrust is going to come into town these companies used or misused their power will be the focus. people don't understand when you regulate the big companies you apply that to the same roles of
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a small company you destroy jobs the small company cannot pay, a big company pays a billion-dollar find in their stock does not move in a small company putting privacy rules like in the state of california and all of a sudden the small company may have to move or go out of business or profits cut in half. with every regulation they ought understand the implications of jobs the small company. gerry: one of the things we see the last 20 years despite the growth of technology to slow down and start a culture getting harder and harder for the number of startups declining. is that something you're concerned about, those companies another big companies too much power there preventing the entrepreneurial startup culture that the united states is been famous for. >> the u.s. has no entitlement for the startups and the government needs to do a much better job of saying what do we do to make this easy as opposed to regulate and cause challenges. i think they have to create a
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more level playing field to start up a does dramatically change from company to company. gerry: thank you former cisco ceo john chambers. coming up how authentic and remote work will change the landscape and oppose covered landscape and oppose covered world, that is got another update from school. how's that better? ♪ well we have a safety net. we'll be ok right? ♪ (vo) ideas exist inside you, electrify you. we'll be ok right? they grow from our imagination, but they can't be held back. they want to be set free. to make the world more responsible, and even more incredible.
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16 million people have filed for a change of address during the coronavirus it could spell long-term trouble for cities with me now chapman university studies professor in urban studies, thank you for joining me. >> it is my pleasure, how is this in historical terms remarkable break under migration in the last year, put that in historical context how significant is it. >> it's very significant but we have to remember big cities like new york, chicago, l.a. were all losing population before the pandemic and millennial's and immigrants and minorities were all moving increasingly to suburbs and also smaller cities, what covid did it accelerated something that was already there, what is the long-term do i think cities are going to die, i think new york city has unique characteristics you can tell from my accent my family has been there for a long time. but it is not going to be what they thought it's not going to
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be the center of everything it's not going to continue to grow young bloomberg talking about eight or 9 million people i don't think it's going to happen we can create a better urban environment with less crowding and by the way we did in the past. new york city, manhattan had 2.4 million people in 1920 and 1.5 million in 1950. we know that this can happen and happened for different reasons but not completely different reasons. gerry: into the porn point and input in historical content part of what we seen is not just covid it's also policy in these cities, high taxes most recently we have seen policing and the result of crime in california you're very restrictive planning rules related to environmental regulation it is partly policy driving people out of the cities
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as much as it is a pandemic. >> i think it has a lot to do with policy and schools, we lived in los angeles in 40 years and we moved to orange county because the schools were better and she got into a great charter school, the reality is middle-class families can't afford private schools and expensive housing and our cities are offering us both and then the loss of jobs, every time let's say a sales force decides there to go largely virtual in their workforce why would anyone want to live in a little apartment in san francisco or have to spend a fortune to live in the outer suburbs of the bay area and spend an hour getting to work every day when they can live someplace else and live very nicely and still do their job. gerry: one of the particular concerns big city like new york, san francisco, l.a. they will have a certain appeal what are
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the things that we seen in the last year or so in smaller cities like minneapolis, really hollowed out with the particular problems being in minneapolis that is a concern many of us are old enough to remember the 1960s when there was a terrible flight from urban areas which took decades for the cities to recover like detroit, are we seeing that to? >> were seeing a real variety of experiences minneapolis and portland have just shot themselves in the foot and they will pay for, seattle which was a city a lot of people were going to now has almost insane city council and bezos has been moving jobs out of their, their are some that are doing really well and if you look at the metro areas indianapolis, columbus, dallas, austin, nashville there is a whole group of cities coming up as other
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cities begin to go a little bit down the hierarchy of place in america is changing and it's going to be very fascinating to see how it ends up. gerry: that might be the most interesting take away, the higher changing, joel kotkin were sorry we don't have more time, that was terrific. thank you for joining me. an outrageous example of how extreme intolerance on campuses can destroy lives. ♪ riders, the lone wolves of the great highway. all they need is a bike and a full tank of gas. their only friend? the open road. i have friends. [ chuckles ] well, he may have friends, but he rides alone.
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gerry: we often highlight examples of how extreme college campuses have become an in racial equity and they target ideas, topics and people that are deemed races because they don't conform to the orthodoxy on campus we have the most outrageous example yet new york times did new reporting on a story that received a lot of attention a while back in 2018 a black student at smith college in massachusetts was approached while eating lunch and questioning why she was there, she immediately claimed the incident was a racist attack the american civil liberties rush to claimant a victim of white supremacist behavior did now to the staff involved saying she's been targeted of eating while black, most intimately kathy mccartney the college president and top officials endorsed the claims and apologize to her,
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sometime later along from higher by the college conducted a full investigation and discovered a real story she had not been a victim she was eating in the area that was off-limits in the college staff had done what they would've done with anyone point out the rules, members had been involved suffer the consequence one kitchen worker who told the student she was not supposed to be there received abusive messages in her mailbox attached to her car and suffered from a health condition worsened by the stress it says no public apology was offered to the employees involved. we have the bizarre spectacle with a tuition of the cost $75000 a year making a false accusation against workers who are getting a bite on $40000 a year income authorities decided to student who needs to be applauded and the workers condemned it's a logical outcome of the monomaniacal obsession of equity that science is in systemically raises and white
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people whatever circumstances are always offended about people or victims whatever else is not equity. that is it for us all be back next week with in-depth on the wall street journal at large. thank you for joining us. >> "barron's roundtable" sponsored by invesco qqq ♪ ♪. jack: welcome to "barron's roundtable" where we get behind the headlines and prepare you for the week ahead i'm jack otter. viacom ces bob bakish will join us with the new streaming service and paramount plus in the future of entertainment, we begin with what we think the three most important things investors on a thing about right now stocks tumbled this week as bond market climbed sharply there were corners of the market that did just five. big tech and high growth stocks


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