Be near. Well give you the latest reporting on that potential deal between the studios and the writers. And the fed is Holding Rates Steady, signaling it will keep rates higher for longer. Deal of the day, cisco agreeing to acquire splunk. Both companies cite what they call complementary capabilities in a. I. And security. Splunks gary steele is going to be part of ciscos executive leadership team, reporting to chair and Ceo Chuck Robbins and both gentlemen are going to join us exclusively at 9 15 this morning in about 15 minutes, jim. I think this is terrific, and i will tell you why. What cisco tried to do for a long time is have a lot of recurring revenue, and splunk is nothing but recurring revenue. Cisco has tried to be a major factor in cybersecurity. We know its incredibly important. Splunk will give them the opportunity. They had a Smaller Division that does cybersecurity. Its not been that much of a winner, frankly. In the meantime, gary steele has taken the company, and david
Thank you very much. Multiple potentially marketmoving plates are spinning in the air as we kick can off the final hour of trade. Weve got stocks in the red on this day after the Federal Reserve left current Interest Rates on pause but hinted one more rate hike is coming by year end. Weve got the dow down 232 points, s p losing 55. And youre looking at a live picture of the south lawn of the white house where any moment President Biden will greet ukrainian leader zelenskyy, Volodymyr Zelenskyy, before their bilateral meeting this afternoon. It comes after House Republicans again torpedoed their own procedural vote this morning that would have allowed debate on a defense spending bill. General dynamics actually hit a 1year low earlier today. Youve got that in the red, lockheed martin, rtx which used to be raytheon. The funding deadline is just 8 days away, and clashes over military aid for ukraine are part of the holdup. But Charlie Gasparino learned last night wall street is ready to s
From our studios in new york city, this is charlie rose. Ken chenault is here. He is chairman and ceo of a American Express, among the worlds bestknown brands. If a credit card has been swiped by shoppers the revolution is changing how we engage in commerce and let a Digital Transformation in American Express. Google chairman eric schmidt says that he provides the best leadership. Im pleased to have ken chenault at this table for the first time. In the interest of full disclosure, American Express has been a supporter of this program for a number of years. For that, im both grateful and appreciative. Good to have you here. Tell me what it is that informs you about the change elements, and how a Company Responds to that, and the responsibility of a ceo. What is really exciting, the times that we live in today, it is this convergence of the online and offline world. It is presenting incredible possibilities. But whats very important is that you cant look at your business in a narrow way.
It impacts the economy. It impacts the safety and security of our individual citizens. Not to speak of their privacy. The privacy is incredible. You know, some of these factoids, 400,000 new malicious programs launch everyday. Four new Cyber Threats every second. We talk about breaches. Of the companies that have been breached, 75 of them didnt know they were breached. They found out by a third party. From our studios in new york what is essential is not just city, this is charlie rose. Companies and institutions focused on it, but there has to ken chenault is here. He is chairman and ceo of a be a far greater level of cooperation between the private American Express, among the and public sector. Worlds breast bestknown this is a fundamental threat to brands. If a credit card has been swiped by shoppers, the revolution is the safety and security of the world. Changing how we engage in and in some cases commerce and let a Digital Transformation in American Express. The reality is, we kn
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