Now come to order. We will see the amendment and witnesses and this morning the chairman is not here, i give the floor to my good friend Mister Mcnulty from california. Thank you for yielding me and i thank the witnesses for coming this morning. Its an incredibly important issue we need to care a lot about and good policy on. We are meeting today to discuss the state of Cyber Security integrated and the continuing threats facing Americas Energy infrastructure. We continue to see increasing threats to the grid originating at home and abroad. Im glad to see the doe and and others taking steps to address the growing dangers posed by nefarious actors. Our energy grid serves as the backbone of our economy Touching Every aspect of our lives and unreliable grid is also crucial for National Security and a clean energy future. For lawmakers to encourage advances that we can advance the security and reliability of our nations electric grid. We must work on a bipartisan basis to actively engage w
This is a house Energy Sub Committee hearing. Its about 2 15. Subcommittee will now come to order. I want to thank all the members and the witnesses for appearing before the subcommittee this morning. The chairman will now yield five minutes to my great friend, mr. Mcnerney from california for five minutes. Good morning, mr. Chairman, i thank you for yielding me the five minutes and i thank the witnesses for coming this morning. Its an incredibly important issue that we needed to care a lot about and make good policy on. Were meeting today to discuss the state of Cyber Security in the grid and the continuing threats facing Americas Energy truer. We continue to see increasing threats to the grid originating both at home and abroad. Im glad to see the doe and ferc and others taking steps to address the growing dangers posed by nefarious actors. Our energy grid serves as the backbone of our economy Touching Every aspect of our lives and a reliable grid is also crucial to our National Secu
Todayreasuries are posted closed today because of labor day. If you are americans watching us, happy labor day. This is the picture for eurodollar. 1. 09. Have the german figure a short while ago that was worse than expected. The european stoxx 600 gaining but it is all about the trade war. Up, we speak to the chief economist at 10 00 a. M. London time. Lets get to first word news. It is Sebastian Salek. It forced 185 mileperhour winds and could top 23 feet. It may leave the islands devastated. Uncertain if dorian could hit makeda on my or not landfall at all. Argentina has imposed capital control. Corporations will require centralbank authorization to buy dollars in the fx market fx market. The president is trying to stem the growing economic crisis eight weeks ahead of president ial elections. Thelor Angela Merkel euro skeptic alternative to germany did not make a breakthrough in local elections. The result may save prices in berlin. Saudi arabia is putting its portfolio into two min
Good morning, mr. Chairman. I think the witnesses for coming this morning. An incredibly issue an incredibly important issue we need to care about and make a policy on. Your meeting to discuss the state of cybersecurity and the grid and the continuing threats facing Americas Energy infrastructure. We continue to see increasing threats to the grid originating both at home and abroad. And glad to see the doe firm and others taking steps. Our energy grid serves as the backbone to our economy, Touching Every aspect are our lives every aspect of our lives. Reliable grid is crucial to the National Security and a clean energy future. For lawmakers to enable innovative advancements that we can improve the security and reliability of our electric grid, we must work on a bipartisan basis. And, actively engage with leaders as we are doing today. The modernization and innovation of our Energy Infrastructure is already underway. What was once a oneway Delivery System has evolved to a Dynamic Networ
The interest coverage ratio. It is down around 2 versus what it was years before. Meanwhile what we saw the private markets presentation on private equity, we looked at the volt u volume of buyouts. Is that driven by the fact people making loans has changed and is no longer banks with fidc regulations with those that had no regulations is that driving all of this covenant lack of restrictions . So the direct helping space is a comment product. I am going to switch. Direct lending is a comment product. Jelly to the private equity peanut butter. The more dry powder you have. It is the dry powder on the side line. Direct lending caters to that. With the rise in i think the third slide, slide four of the deck, shows the competition for those lending opportunities. In all of these entities making these loans previously for the big banks that had regulations. Thank you. Skipping because there is a Silver Lining in all of this. We are over to the opportunities presented or will be presenting