Melissa president obama expected to speak in minutes from his cybersecurity summit at stanford. Apple ceo tim cook is one of the headliners. He is at the podium right now. But president obamas other ties with Silicon Valley might be getting a little frayed at edges. Mark zuckerberg, marisa mayer, eric schmidt, larry page all passing on the president s invitation. These were the same folks shelling out maximum contributions to get him elected go years ago. Here to discuss all of it, our very own Charlie Gasparino. Geraldo rivera is here, host of geraldo at large. Dan henninger, deputy wall street journal editorial director. What a panel for friday or any day. What do you think of the folks in Silicon Valley dan, not going to the cybersecurity speech . Sound like they are marking down Barack Obamas capital out there, as something to do with the fcc and Net Neutrality but the cyber speech, i think, on paper, if one might say that in digital age, make as certain amount of sense. But he is going to go out there and say that the federal bureaucracies will collect more of this data about hacking and share it but almost a contradiction in terms. The bureaucracies are going to be able to get on top of hackers sitting in china, iran, and north korea. I mean, i like the idea but i think implementation is going to be extremely difficult. Melissa do you guys think its a political statement theyre not coming to the speech . Do you think his term is almost over . That they are sick sick of him or what is the reason theyre not coming out . It is the left coast listen, Mark Zuckerberg gushes over this guy melissa he did. I dont know if he does still now. He does. Funny i saw him with Chris Christie at a conference not too long ago. Melissa there you go. Are they cooling on him . The whole country is cooling on barack obama at this point. I disagree. Melissa thank goodness. Thats what i love about geraldo. Sympathy about what he has done. Attacked banks and now attacking essentially Silicon Valley. Two of the biggest engines, two of the biggest businesses in this country. I think the president is more popular than he has been in years. I think the bath bears me out. Over 50 again. I think going back to substance of this why these guys chose not to go, i dont know that is politics but i think cybersecurity, that is Cyber Attacks represent the true existential threat to this digital addicted nation. It will only get worse. I hope we have a whole pentagon devoted just to this. Melissa do we need a new bureaucracy . We have whole pentagon and homeland security. We have a lot of folks supposed to be working on this nsa. Why create a new bureaucracy . I have vision of 6500 chinese guys with top of the Line Computers in a room trying to doesnt our fbi supposed to be doing this . Isnt the Justice Department this is so big. Bigger than fbi . If you can shut down imagine shutting down fox with a click of a dial. You think a huge new bureaucracy other than how it is designed, as long as they understand priorities why zuckerberg these guys are passing, that is politics. I dont care about politics. I care about security. Might be insane idea. Why is it a problem . Why do hackers get into systems . Because somebody in these big organizations opens an email, hit as link and allows them in. The best thing you could do is just like when physicians were told to wash their hands at end of 19th century. You dont transmit bacteria. People should be told be careful about the stuff they open. We get is 50 pieces of spam. I dont open any attachment if it doesnt come from someone i know. Melissa new alltime high for s p 500. Dow is slipping after crossing 18,000 for the first time this year, flirting with an a alltime high. The dow needs to end the day up at least 81 points to hit a new record close. Charlie, give me your take on the market. This is your president s economy. Rich get richer and they he is your president as well . He is the guy you like. Domestic product for third quarter, 5 . Good, about time. About time to celebrate success. What im telling you look at numbers. Look underneath the numbers. You guys are looking under numbers. Look at numbers. Poor gone poorer around rich gone richer . That true. That is true. Raise the minimum wage. Close the gap. The poor will get a little less poor. Less poor is better than more. Melissa percentage much population, record highest level since 70s under this president. Why were talking about raising minimum wage. Thats why 5 growth doesnt feel like 5 growth because everybody is working part time. Market over 18,000, means definition. A lot of money is flowing in because the worlds Central Banks are creating liquidity and zero Interest Rates and nowhere else to go. Why dont you Say Something like that . Why dont you recognize businesses are doing business better than a year or two five years ago . Celebrate the success of the Free Enterprise system . Doing better than five years ago . Doing better than seven years ago but not as good as eight years ago. Melissa find a story i really care about here, mcdonalds. Flaunting its beef in a new commercial showing off big mack in all of its delicious glory. Announcing this is not greek yogurt. And it will never be. Kale. Did you. Did you he had it that story. I saw worst commercial at super bowl, supposed to hug your mother. I thought that was terrible. From a mcdonalds executive. Former mcdonalds executive talked about how mcdonalds should go back to its roots. Melissa embrace its fattiness. Were not healthy alternative. Were disgusting. Put a lot of fries on them. Drink our coke. Melissa so true. I eat healthy all the time all week long. Watch my weight. When i go to mcdonalds i want mcdonalds. I will have a cheeseburger french fries, theyre there for a reason. Not supposed to be good for you. Im celebrating. Cale is made by a bunch of commies. Kale is for commies. Melissa wow. Supreme Court Justice Ruth Bader Ginsberg apparently no stranger to pregame boozing. The 81yearold admitting she wasnt 100 sober for this years state of the union address. Who was. You cant watch that thing sober. Lest you she was putting gin in ginsberg. That really good wine had her nodding off. Melissa. That is what i said too. Your 81, honey, i want to hang out with you. My grandmother, god bless her soul is 100. Melissa wow really . Would drink melissa half a battle. Gallo crappy wine with the twistoff. Melissa a day . No. But she went to bed at 5 00 and woke up at 5 00. Sounds like it beats kale. Thats true. Melissa women may take all the cheesy lingerie in stride but when it comes to valentines day men are more sensitive. According to research men get more upset than women if they receive a bad gift from their significant other for valentines day. Gentlemen what do you think youre getting for valentines day, Charlie Gasparino . Nothing. If my wife give me one more scarf i come on program honey, there are the last six scarves you gave me. Melissa i did get my husband a present this year. What did he get you . Melissa i dont know what he got me. It is not a teddy bear. Valentines day card. Not a teddy melissa only one that got that. I. I want to watch. Nothing is more traumatic whether you get a valentines day card from girl you got a crush on. If you didnt it ruined your life. Melissa they mandate bringing card for every single kid, for every single kid in class so no ones feelings get hurt. My nineyearold were filling out cards. There were 23 of them. Melissa there you go. You guys managed to away from the idea you get cranky with a bad gift. Geraldo sounded crankky about the scarf. Dan, what do you think . I dont get cranky at all. Melissa you dont. A lot of holidays are on their last legs. Nobody has time. Totally a chamber of commerce holiday. But i got a call from ming coat store. Honey, im here. That is wonderful. Get me something too. Thank you. Melissa scoring the candidates. We got report cards for potential 2016 contenders. Lets say no one is making straight as here. Keep your shovel close. Once again time to start hoarding blankets and heating up hot chocolate. More snow on the way. More money coming up. In my world, wall isnt a street. Return on investment isnt the only return im looking forward to. For some every dollar is earned with sweat, sacrifice, courage. Which is why usaa is honored to help our members with everything from investing for retirement to saving for college. Our commitment to current and former military members and their families is without equal. Start investing with as little as fifty dollars. Melissa oil is up more than 2 on the day. Were getting more bullish news crossing the wires. Wall street journal reporting that two Libyan Oil Fields have been attacked. The oil field is operated by conocophillips, marathon oil and Hess Corporation and totals field was also attacked. Sources tell this to the wall street journal. Those stocks higher on the day. Were keeping close eye on oil. Fox news poll grading potential 2016 contenders. Poor state of affairs. No one gets an a. Charlie gasparino and todd starnes from fox news radio. Thanks for joining the party were having. Nobody getting an a. They were grading them on what kind after president they would be. Todd scott walker leading republican side but with a b. I think this is good for a college dropout. I think you can bump up that up to an a minus. Look really think reflect what is a lot of republicans feel. They just dont know who they like. Meanwhile, jeb bush. Here is what im troubled about. You have jeb bush out there. We used to make fun i did it all the time on my radio show made fun of president obama with 36,000 Chicken Dinners. You have jeb bush out there, doing 100,000 Chicken Dinner and wall street. Melissa yeah, im not paying 100,000 for a Chicken Dinner. Veronica, what do you think . Marco rubio, b. Chris christie, a c. Well move on to the dems in a second. What do you think of the republicans . This is such a wide potential field at this point. A lot of people melissa sure about Chris Christie. Giving him a lowgrade. This is of note because he is so much lower than some other folks. That could be saying for christie, excuse me, veronica, i know it is early but shows lingering bad taste from bridgegate, the patina is off that particular rose. I think he had it going. Everything was going for him. Whether he had no involvement whatsoever he put a sour taste. You can be a tough guy only if you have a stellar background. Does not or does not appear to. I think this shows that Chris Christie will not be serious candidate. I agree with geraldo. The d minus in drivers ed will kill him. I live under the George Washington bridge. I take it personally. Melissa Hillary Clinton getting a bplus, of everybody in thehighest grade. That is among democrats but also, you know, of how they think she would govern. She is very formidable, Hillary Clinton. This should be a wakeup call to republicans. This lady will be a tough candidate to pete. I believe that jeb bush for all his 100,000 Chicken Dinners is only candidate that can stan up against her. Melissa joe biden got bminus. That is probably highest grade. He has to be like whoohoo. Before or after the butt buddy . Melissa oh. That was unfortunate misspeaking. What was that . Melissa he said in speech but some question whether he has a studder and he was trying to say buddy. A butt buddy . Melissa looking for his butt buddy. I never had a butt buddy. None much your business. Melissa get away from that. Im openminded. Im from new york. Melissa there you go. Maybe well end on that note. Thanks a lot you guys. [laughter]. Millions of americans can look forward to yet another winter storm. Heavy snowfall impacting not only president s day weekend but could take a toll on First Quarter gdp, subtracting a quarter after percentage point. Fox news meteorologist Rick Reichmuth joins me now. Rick oh, i love the hat. What is it like out there . A little chilly . It is super cold out here. You know there is a lot of people in the middle of the country who say is 9 degrees, doesnt people like that bad 19. Dakotas and montana, they get to minus 25 minus 30. Tough be outside much of the northeast. That causes some big problems. Were dealing with coldest arielly by the time we get to monday in a couple of decades. Look at some weather maps. Well show you what is going on. We have got cold air out there. 19 degrees in sticker but cold in parts of the south. 31 in louisville. It is also very windy with this storm. Were talking about winds that, winds bringing temperatures down, feels like minus one in scranton and five in pittsburgh. You get the idea. We also have another storm moving in. Today is kind of a break between two storms. This next storm will bring a lot of snow across eastern parts of new england and places like boston up to portsmouth and portland maine. These areas have seen up to six feet of snow over last couple of weeks. We have more snow and blizzard watches in effect with this melissa. Well talk about winds 50 to 70 miles an hour and areas that have seen so much snow looking possibly another foot to foot 1 2 of snow accumulating by the time we get to sunday afternoon. So snow, wind cold. It just doesnt really seem to get a break. The models in boston, look at that one model showing 15 inches. No real end to this. Melissa no real end in sight. Sounds like you had somebody out there drinking with ruth bailedder ginsberg maybe. Who that person was. Come on inside to bring the drinks with them. You could use a little bit of a hot drink right now. Melissa absolutely rick. Thanks for joining us. Were waiting live remarks from president obama. Takes the podium from the cybersecurity summit where some of Silicon Valleys finest, noticeably absent. Just because youre here illegally doesnt mean the irs doesnt have your back. Stunning admission about tax refunds for illegal immigrants. Smart money coming up. If you suffer from a dry mouth then youll know how uncomfortable it can be. But did you know that the lack of saliva can also lead to tooth decay and bad breath . Well, there is biotene specially formulated with moisturizers and lubricants. Biotene can provide soothing relief and it helps keep your mouth healthy too. Biotene, for people who suffer from a dry mouth. 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And check your connection status. Anytime, anywhere. [ dog growls ] oh. So youre protesting . Okay. [ male announcer ] introducing xfinity my account. Available on any device. Melissa we are Just Moments Away from president obamas live remarks in heart of Silicon Valley. Peter barnes is at the white house with what more we can expect from this. Peter. Hey, melissa, we want to tank about some of the executives that are attending this big event the president will talk to. Some who arent you talked about at top of the hour. Those who are, tim cook ceo of apple, who just finished his remarks. Talked about security and mobile payment systems. Brian moynihan of bank of america is there, aaron levy of fox. Vox. As far as initiatives the president talked about, dozens of Companies Including apple intel and others are supporting the president s 2014 Cybersecurity Framework which offers voluntary guide lines for cyber investment and performance benchmarks and communications. We will announce a new second stiff order for information sharing. He is expected to sign the information order, executive order on stage in just a few minutes. Companies are also supporting a new secure, payment new secure Payment Technologies and multifactor authentications to replace passwords. The president will also Push Congress to pass new tougher cybersecurity legislation. Melissa . Melissa peter, so much. Thank you so much. Illegal immigrants will be shown the money after all. Irs commissioner admitted that undocumented workers who never paid taxes at all will be eligible for tax refunds under president obamas executive action. Veronica, geraldo and todd are back with us. Getting refunds. We talked about this on the show. We assumed folks paying taxes under tax i. D. Number paid in would be eligible to get money back but the irs commissioner clarified yesterday, folks working illegally, didnt file taxes would get refunds. Am i only one this makes no sense to. Makes no sense to vast majority of fox viewers but have to put it in a bit of context. Melissa i cant wait to hear this. Context is if youre earning a certain level where you dont pay income tax just like a legal resident, who would be at that level below the threshold of federal income tax, if you are an undocumented immigrant in this parallel system you are treated in the same way as the legal resident. That is the theory behind this. And dont necessarily object to it. Melissa i think he of course i am alone. Alone in the building. Melissa you are treated as if you were working legally but youre not . But youre not. The problem is youre not. Again sets up a set of rules for the illegals and sets up another set of rules for those who are lawabiding, tax paying citizens. No, it is parallel. Melissa youre breaking the law. Theyre breaking the law. Which is under the irs as, separate there was a time in the country, when you had, hundreds of people coming into your country without permission they used to call that invasion. People used to go to war over things like that. Now we have all these people coming across the border theyre taking our resources taking resources of the american taxpayer, resources that they do not deserve. Melissa as a lawabiding society, were talking about people who are breaking the law and doing something illegal and youre financially rewarding them for doing something illegal. That is where i get hung up. Huge issue. Not to mention where is all the money coming from. First of all we dont know how many illegal residents, illegal folks are in the country. So you dont know how much money these refunds could amount to. Especially if youre looking three years back in terms of peoples how long they have been working here illegally. Looking three years back. Also people who have illegal documentation. It is not right. When this coldsnapped happened i was taking car home to the upper east side. We stopped at a light. I swear to god melissa i saw a dozen guys on bicycles delivering pizza and chinese food and korean food and deli sandwiches. Everyone i guaranty is undocumented. Melissa how do you know that . How do you know that . How do you know that . Not taking a cab or a bus. Melissa if youre assuming that every delivery person is illegal . Yes i am. Yes i am. You tell me the american citizen will volunteer to deliver on the bicycle youre darned right. Youre darned right they are. If they need a job they are absolutely not. The reason the market has grown is because those jobs have gone wonting. There are 500,000 undocumented immigrants in the five boroughs of new york alone. Melissa why give them my tax dollars . Because they paid into the system. Melissa no, no they havent. No they have paid in. If they make 3,000 they dont pay federal income tax. Didnt file any tax documents. This is chump change. This is incendiary financial straits were in as issue. Utterly disagree. Got to us the point. Everything is chump change. Well that chump change adds up over time. So look at end of the day, you have people who are not here in this country legally. Taking money that belongs to the american taxpayer. And that is not right. Delivering your chinese food. Melissa what other situation where we financially reward people for breaking law. Youre not rewarding them for the law they broke which is a minor federal misdemeanor. Rewarding them for hard work. Melissa well leave it there. Turning a blind eye on disaster. U. N. Says yemen is falling apart before our eyes. President obama calls it a success. This is scary one coming up. F like mute buttons equal danger. That sound good . Not being on this phone call sounds good. Its not muted. Was that you jason . It was geoffrey it was jason. It couldve been brenda. Always obvious. Sometimes they just drop in. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. At ally bank no branches equals great rates. Its a fact. Kind of like shopping hungry equals overshopping. We are giving you a live look at Sanford University where the president is expected to speak at his Cyber Security summit moments from now. Well bring it live just as soon as it happens. Its a big day for stocks with alltime highs for the s p 500. The dow holding near 18,000. Oil charging higher as well. Crude settling up 3 on the day. To 52. 78 on the barrel. Lets go to adam shapiro on the floor of New York Stock Exchange with more on the trade. Lets talk more whats going on with the Digital World. King digital monopolizing on their, you know, strength in mobile delivery of their games just kicking it today. They expected in their Earnings Report future bookings of 586 million. That was 45 million more than analysts expected. That stock enjoying a bump up. Take a look at what happened to zynga. Zynga shares are down 15 today. Their future bookings 182 million. 19 million less than analysts had expected. Before you write zynga off like pacman the ateam their ceo said 75 of their bookings will come from mobile delivery. I pity the fool who do not listen to him. Sizes closing in on us troops in iraq. The militants gaining on the total control of a town. More than 300 us marines are stationed there. Todd and giraldo are there to discuss. Giraldo you were there on the base. This is 05. 04. Let take a look. This is the countrys wild west. Literally. Including the big, bad borders with libya, saudi arabia, and jordan. We flew out from alassad from the troubled Syrian Border on a saturday morning to the region known as al kien. The saddest thing about that this is ground that we paid for with blood and treasure. And because the president did not leave a residual force behind, we have to reconquer it. Now our marines are embattled encircled. And we cannot let it fall. Like the town of kobani in syria, we have to make a stand at alassad. We must keep that ground and keep isis from advancing. The president s declaration of we will degrade and destroy isis, we have to do something. Thirteen minutes away is where isis is holed up right now. What do you think . We need to destroy these folks. Destroy them. Forget degrade. I think the argument coming from the white house is that, look, theres air support. In the event things get dicey. They can send in planes and take out the islamic extremists. Again, i go back to this issue here that this president this administration wont call the enemy what it is. How can we possibly defeat them. How can they have a plan to defeat an enemy they are for some reason, refuse to call their name. The islamic extremists. Melissa if you address it then you have to go attack it. The president doesnt seem want to to do it. Thats right. We have to refine, if i can use that presumption or pretertiariespretentious word. Its not islamic extremists. Its sunni. Yemen is not as big a crisis as being portrayed. . the shias are our natural allies in this fight. Its sunni muslim extremism that were fighting. Isis is its most vicious incarnation. We cannot let this base fall. Americas honor is at stake. . those marines cannot be withdrawn. They must be reinforced. We have the apatches. I want the a tens there. I want aerial hits. We have to use those sunni tribal leaders. Get them back on our side. Bring back david. We have this wonderful man who is the architect of the surge. The one who got those sunni tribal leaders on our side in the surge bring him off the bench. Get him back to work. This ridiculous investigation that eric holder insists on maintaining against this man is is is anti thetical to the interests of america. Lets beat these guys at alassad. Do you think well come in with that kind of force in this area when we need to . Or do you think washington, specifically the president doesnt have the stomach for it . The heres the scary part. We dont know. Im afraid to know what this president will not do. I think jirld zero giraldo is absolutely right. Im not hopeful this administration will do what needs to be done. We cant wait. Youre right. We cant be quiet. . this is our alamo here. Melissa how many people have they been allowed to get so close and so nearby though . Well, part of the reason is its hard to tell who the enemy is. You know, these sunni tribal leaders and others are afraid of the shiite army of baghdad. The incompetent iraqi army has its stud right constituted right now. The shiites are being killed by their own country. We have to show them that isis is being a good word an active word. We need to do this. We have to fight here. Draw the line in the sand. Melissa let me turn you to yemen. Out of the un, yemen is collapsing before our eyes. We cannot sit down and watch. Similar passionate words. But you dont buy into that . Well, i believe that yemen is a country thats been a mess for a long time. Its a conglomeration of a bunch of areas that weve put together so much as the middle east is. Not a lot going on there. The shiites present more of an upside. Unless youre the white house and hold yemen up as a success story. Then you have a problem. Melissa the president is speaking now on Cyber Security. Lets go and listen in. President obama and in a hopeful sign for middle class families, wages are beginning to rise again. Meanwhile, were doing more to prepare our young people for a competitive world. Our High School Graduation rate hit an alltime high. More americans are finishing college than ever before. Here at stanford and across the country, we have the best universities. We have the best scientists in the world. The most dynamic economy in the world. No place represents that better than this region. So make no mistake, more than any other nation on other, the United States is positioned to lead in the 21st century. And so much of our economic competitiveness is tied to what brings me here today. And that is, americas leadership in the digital economy. Its our ability, almost unique, across the planet. Our ability to innovate and to learn and to discover and to create and build and do Business Online and stretch the boundaries of whats possible. Thats what drives us. And so when we had to decide where to have this summit, the decision was easy because so much of our Information Age began right here. At stanford. It was here where two students bill hewlett and dave packard met in a garage not far from here started a country that built one of the first personal computers weighing in at 40 pounds. [laughter] it was from here in 1968 where a researcher Douglas Angel Bart astonished an audience with two computers connected online. And hyper text you could click on with something called a mouse. A year later, a computer here received the first message from another computer. 350 miles away. The beginnings of what would eventually become the internet. . and, by the way its no secret that many of these innovations built on governmentfunded research its one of the reasons that if we want to maintain our Economic Leadership in the world america has to keep investing in basic research and science and technology. Its absolutely critical. [applauding] president obama so here at stanford, pioneers developed the protocols and architecture of the internet dsl, the first web page in america, innovations for cloud computing. Student projects here became yahoo and google. Those are pretty good student projects. [laughter] your graduates have gone on to help create thousands of companies that have shaped our Digital Society from cisco to sun microsystems. Youtube to instagram. Stub hub. Bunbos. According to one study, if all the companies traced back to stanford form their own nation you would be one of the largest nations in the world and have a pretty Good Football Team as well. [laughter] [applauding] president obama and today with your Cutting Edge Research programs and your new cyber initiatives youre helping us navigate some of the most complicated cyber challenges we have as a nation. Thats why were here. I want to thank all of you who joined us today. Members of congress. Representatives from the private sector. Government academia, privacy and consumer groups and especially the students who are here. And just as were all connected like never before, we have to Work Together like never before. Both to seize opportunities, but also meet the challenges of this Information Age. And its one of the great paradoxes of our time that the very technologies that empower us to do great good, can also be used to undermine us and inflict great harm. The same Information Technologies that help make our military the most advanced in the world are targeted by hackers from china and russia who go after our defense contractors and systems that are built for our troops. The same social media we use in government to advocate for democracy and human rights around the world can also be used by terrorists to spread hateful ideologies. So these Cyber Threats are a challenge to our national security. Much of our Critical Infrastructure our financial systems, our power grid, health systems, run on networks connected to the internet, which is hugely empowering, but also dangerous. And creates new points of vulnerability that we didnt have before. Foreign governments and criminals are probing these systems every single day. We only have to think of real life examples. An air Traffic Control system going down and disrupting flights or blackouts that plunge cities into darkness. To imagine what a set of sis at thematic attacks might do. This is a matter of public safety. As a nation we do more Business Online than ever before. Trillions of dollars a year. . and Hightech Industries like those across the valley supports millions of american jobs. All this gives us an enormous competitive advantage in the global economy. And for that very reason, American Companies are being targeted. Their trade secrets stolen. Intellectual property, ripped off. The north korean cyber attack on Sony Pictures destroyed data and disabled thousands of computers and exposed personal information of sony employees. These attacks are hurting American Companies and costing american jobs. So this is a threat to americas Economic Security. As consumers, we do more online than ever before. We manage our bank accounts. We shop. We pay our bills. We handle our medical records. And as a country, one of our greatest resources are the young people who are here today. Digitally fearless and unencumbered by convention and uninterested in old debates and theyre remaking the world every day, but it also means that this problem of how we secure this Digital World is only going to increase. I want more americans succeeding in our Digital World. I want young people like you to unleash the next waves of innovation and launch the next startups and give americans the tools to create new jobs and businesses and to expand connectivity in places that we currently cant imagine. To help open up new worlds and new experiences and empower individuals in ways that would seem unimaginable ten, 15, 20 years ago. Thats why were working to connect 99 of americas students to highspeed internet. When it comes to educating our children, we cant afford any digital divides. Thats why were helping more communities get across to the next generation of broadband faster with cheaper internet so that students and entrepreneurs and Small Businesses across america, not just in pockets of america have the same opportunities to learn and compete as you do here in the valley. Its why ive come out so strongly and publicly for Net Neutrality. For an open and free internet. [applauding] president obama because we have to preserve one of the greatest engines for creativity and innovation in human history. So our connectivity brings extraordinary benefiaily lives, but it also brings risks. And when Companies Get hacked americans personal information including their Financial Information gets stolen. Identity theft can ruin your Credit Rating and turn your life upside down. More than 100 million americans had their data comprised, including in some cases, credit card information. We want our children to go online and explore the world, but we also want them to be safe and not have their privacy violated. So its a direct threat of the Economic Security of the american families, not just the economy overall and to the wellbeing of our children. Which means, we have to put in place mechanisms to protect them. Shortly after i took office before i had gray hair [laughter] i said these Cyber Threats were the most serious we face as a nation. I made confronting them a priority. And given the complexity of these threats, i believe we have to be guided by some basic principles. So let me share those with you today. First, this has to be a shared mission. So much of our Computer Networks and Critical Infrastructure are in the private sector, which means government cannot do this alone. But the fact is that the private sector cant do it alone either because its government that often has the latest information on new threats. Theres only one way to defend america from these Cyber Threats, and that is, through government and industry working together sharing appropriate information as true partners. Second, we have to focus on our unique strengths. Government has many capabilities, but its not appropriate or even possible for a government to secure the Computer Networks of private businesses. Many of the companies who are here today are cutting edge. But the private sector doesnt always have the capabilities needed during a cyber attack. The Situational Awareness or the ability to warn other companies in real time or to coordinate a response across companies and sectors. So well have to be smart and efficient and focus on which each sector does best and then do it together. Third, well have to constantly evolve. The first computer viruses hit personal computers in the early 1980s. And essentially weve been in a cyber arms race ever since. We design new defenses, and then hackers and criminals design new ways to penetrate them. Whether its phishing or botnets, spyware now ransom ware. These attacks are getting more sophisticated every day. We have to be as fast and nimble in constantly evolving our defenses. And fourth, and most importantly, in all our work, we have to make sure were protecting the privacy and civil liberty of the American People. And we grapple with these issues in government. We pursued important reforms to make sure we are respecting peoples privacy as well as ensuring our national security. And the private sector wrestles with this as well. When consumers share their personal information with companies, they deserve to know that it will be protected. When government and industry share information about Cyber Threats, we have to do so in a way that safeguards your personal information. When people go online, we shouldnt have to forfeit the basic privacy that were entitled to as americans. In recent years weve worked to put these principles into practice. As part of our comprehensive strategy, weve boosted our defenses in government, were sharing more information with the private sector to help those companies defend themselves, were working with industry to use what we call a Cyber Security framework to prevent, respond to, and recover from attacks when they happen. And, by the way i recently went to the national Cyber Security Communications Integration center which is part of the department of homeland security. Where we monitor Cyber Threats 24 7. And so defending against Cyber Threats just like terrorism, or other threats is one more reason that were calling on congress, not to engage in politics, this is not a republican or democratic issue. But work to make sure that our security is is safe safeguarded and we fully fund the department of homeland security. Because it has great responsibilities in this area. So were making progress. And ive recently announced new actions to keep up this momentum. We call for a standard so americans know within 30 days to know if their information has been stolen. We propose information that gives americans baseline protections to decide what Data Companies collect from you and the right to know how companies are using that information. We proposed the student Digital Privacy act which is modeled on the landmark law here in california. Because todays amazing Educational Technologies should be used to teach our students and not to collect data for marketing to students. And weve also taken new steps to strengthen our Cyber Security. Proposing new legislation to promote greater information sharing including liebts for companies that share information about Cyber Threats. Today, im once again calling on congress to come together and get this done. And this week, we announce the creation of our new Cyber Threat Intelligence Integration Center just like we do with terrorist threats well have a single entity thats analyzing and quickly sharing intelligence about Cyber Threats across government so we can act on all those threats even faster. And today were taking an additional step which is why theres a desk here. Youre wondering, im sure. [laughter] president obama im signing a new executive order to promote more information sharing about Cyber Threats, both within the private sector and between government and the private sector. And it will encourage more companies and industries to set up hubs so you can share information with each other. It will call for a common set of standards including protections for privacy and Civil Liberties so that government can share threat information with these hubs more easily. And it can help make it easier for companies to get the classified Cyber Security threat information that they need to protect their companies. I want to acknowledge by the way, that the companies who are represented here are stepping up as well. The Cyber Threat Alliance which includes Companies Like Palo Alto Network and sem semantics will work with us. You have Companies Like apple, intel, bank of america, who will use the Cyber Security framework to strengthen their own defenses. As part of our buy secure initiative, visa, and mastercard, and American Express and others will make their transactions more secure. . nation star is joining companies that are giving companies another weapon to battle Identity Theft and thats free access to their credit scores. And more companies are moving to new stronger technologies to authenticate User Identity like bio metrics because its just too easier hackers to figure out user names and passwords like password. Or 123457. [laughter] those are some of my previous passwords. [laughter] ive changed them since then. [applauding] president obama so this summit is an example of what we need more of. All of us working together to do what none of us can achieve alone. And it is difficult. Some of the challenges ive described today have defied solutions for years. And and i want to say very clearly that, as somebody who is a former constitutional law teacher and somebody who deeply values his privacy and his familys privacy, although i chose the wrong job for that but but will be a private citizen again and cares deeply about this. I have to tell you that grappling with how government protects the American People from adverse events while at the same time making sure that government itself is not abusing its capabilities its hard. You know, this cyber world is sort of the wild, wild west. And to some degree, were asked to be the sheriff. When Something Like sony happens, people want to know what can government do about this . If information is being shared by terrorists in the cyber world and an attack happens people want to know, are there ways from stopping that from happening . By necessity, that means government has its own significant capabilities in the cyber world. But then people rightly ask well what safeguards do we have against government intruding on our own privacy . And its hard. And it constantly evolves because the technology so often outstretches whatever rules and structures and standards have been put in place. Which means that government has to be constantly selfcritical and we have to be able to have an open debate about it. But were all here today because we know that were going to have to break through some of these barriers that are holding us back if were going to continue to thrive in this remarkable new world. We all know what we need to do. We have to build stronger defenses and stop more attacks. We have to make cyber space safer. We have to improve cooperation acrosstheboard. This is not just here in america, but international, by the way. Which also, by the way makes things complicated because a lot of countries dont necessarily share our investments or, our commitment to openness, and we have to try to navigate that. This should not be an ideological issue and thats one thing i want to emphasize. This is not a democratic issue or a republican issue. This is not a liberal or conservative issue. Everybody is online, and everybody is vulnerable. The Business Leaders here want their privacy and their children protected, just like the consumer and privacy advocates here want america to keep leading the world in technology and be safe from attacks. So im hopeful that through this form and forum and the work we do subsequently, that were able to generate ideas and best practices and that the work of this summit can help guide our planning and execution for years to come. Avafter all were just getting started. Think about it. Tim from his lab in switzerland invented the World Wide Web in 1989 which was only 26 years ago. The great epics in human history, the bronze age, iron age agricultural revolution they spanned centuries. Were only 26 years into this internet age. Weve only scratched the surface. And as i guess they say at google, the future is awesome. [laughter] president obama we havent even begun to imagine the discoveries and innovations that will be released in the decades to come. But we know how well get there. Reflecting on his work in the 1960s on art net and the precursor of the internet, the late paul barren said this, the process of Technological Developments is like building a cathedral. Over the course of several hundreds of years, new people come along and each lays down a block on top of the old foundation. Each saying i built the cathedral. And then comes along a historian who asks, well, who built the cathedral. And barren said, if youre not careful, you can conyourself into believing that you did the most important part. But the reality is each contribution has to follow on to each work. Everything is tied to everything else. Everything is tied to everything else. The innovations that first appeared on
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