Starwood. Well talk to marriotts ceo, arnie sorensen. The president in cuba raises questions about Economic Opportunity there. And were hours away from apples highly anticipated event. Well look at what to expect. Valeant has been halted for the past half hour or so. As becky pointed out, mike pearson leaving the company. Ackman to the board. Predictable or not, jim . No. But there hasnt been much that is predictable. Theres a mea culpa note from Lehman Brothers taking the price target from 135 to 134. Taking numbers from 10 the reason i point this out is because the numbers are all of the map. No one knows the cash flow, what the company is really do. Ackman joining the board is a sign he cant dump the stock. They couldnt dump the stock. This is a great mystery, carl. When you have a company where you have to idea what it will earn, where its dermatological business is being carved up aggressively by allergan. Ophthalmological being carved up by j j. All this stuff. This is a company,
Scorecard later this hour to see where things stand after a busy week this week. While thats happening were counting down to the feds next decision. The Central Banks twoday meeting kicking off tomorrow with the policy meeting wednesday at 2 00 p. M. Eastern time. The economists not expecting a rate hike. No News Conference after the decision this time around. That leads up to the main event of the week. Cnbcs republican president ial debate. It starts at 5 00 p. M. Eastern time. This week . This week. Are you ready . I thought you were leaving. I am no, thats tomorrow. I was leaving on a tuesday on a jet plane. Im leaving youre leaving today . Uhhuh. Whos in tomorrow . I dont know. You two. Just us. Just the guys. All right. There you have it. Michelle is here, too. Michelle is coming. When is apple . Tomorrow. Im about to talk about apple. You are . Because i dont im torn. Im split. I think its going to be very interesting because well see a lot about china. You want to but do you th
Holding steady at 5. 8 . And corporate news, cbs is still on dish network this morning. The two sides failing to reach a deal by last nights deadline. It will continue to be distributed by dish while negotiations continue. And sprb president obama will be announcing his for a new secretary of defense today. Andrew, good morning. Thank you, becky. Stocks to watch this morning, discount retailer five below offering a disappointing Sales Outlook for its keep Holiday Quarter. The Company Naming its new ceo. Gap, better than expected sales. Big drive, its old navy brands. And then American Eagle outfitters warning its Holiday Quarter earnings will fall short of estimates. The teen retailer sales weak mall traffic and online competition is hurting and then theres the result that the Cooper Company is missing wall streets mark. And Fiber Optics Company is posting earnings and revenue blow estimates. Among the reason they say weaker demand for Telecom Products and wiresless application receive
Mike rogers said we havent seen the terrorist attack that we havent talked about it for 15 years now. Theres lots of reasons for that. But theres a lot of vulnerabilities, and actually have a major impact not in the u. S. But also around the world for not finishing touches for the United States and the private sector is part of that. You know, in dod my job is to worry about the big cyberattack him cyberattack, but i also worry sometimes when they do things that impact the centers of gravity for the u. S. , which is the i. T. Industry in Silicon Valley and cybersecurity we need to think a lot about that. It makes it even harder because you want to make sure you are not hurting the economy and one of the Great Centers of gravity. Okay, thank you so much eric, john and chris. We will have our next panel soon. [applause] thinks anna and thanks to the department of defense, carla and the department of defense birthday. I want to encourage weve had great comments and questions coming off tw
What we are saying is that the problem is getting worse. The problem is getting worse in part because of the scope of the attacks has gotten enormous. Companies are experiencing intrusions where 100, 200, 300, 500 servers are being compromised possibly for a small attack or possibly a large attack in terms of the amount of information taken out of the network but the scope of the machines affected is so enormous that the cost is rising into the five, 10, 20 milliondollar range just in terms of hard costs and then there can be costs that run into the hundreds of millions of dollars. So from a Corporate Governance perspective its very hard for companies in advance to prepare themselves for that level of attack. Id love to talk about as we go on a conversation about what that means for a Small Company if you are headed that way and those kinds of costs. Fill up what right now in your mind currently is the biggest problem or issue when it comes to corporate security . The biggest problem w