Against a u. S. Company in decades. Google says the government case is deeply flawed. Late tradenges in after missing on subscribers last quarter. Its outlook for the current period is below expectations and investors are not happy. Haidi we are just getting a little bit more of an update on these ongoing stimulus discussions in washington, d. C. Nancy pelosi saying she is optimistic a deal can be done before the election and that she is calling on Committee Chairs to resolve some of the differences when it comes to funding levels and language so they can get back to negotiations between her and secretary mnuchin as soon as possible, crucially saying she remains hopeful an agreement will be safer, bigger, and better, and will be retroactive as well. We are seeing that reaction when it comes to the futures markets. Lets look at the asian trading day. Sophie kamaruddin is here with us in hong kong. Seeing s pare eminis gain ground and a muted start in asia with the asx 200 coming online
Fcon is the largest hacking conference in the world. Black hat is one of the largest Information Security compasses, also held in las vegas. One is a university, and one is a party. One is focused on your professional career advancement, and the other is focused on being the soul of hackers and inspiring them. When did you found these . Con is pretty old, it was founded about 1993, and about three or four years later, black hat started. They just grew organically. What is your background that you were able to do this . Originally i thought i was going to be an fbi agent. Instead i turned into a hacker. It was a hobby that turned into a career. I started by throwing a party for some of my friends going away on a few networks that belonged to. Knew backeveryone i then who was online. The internet was brandnew. Everybody started showing up. Everything back then was invite only for hackers and i was the to invite everybody publicly. First lets get joseph marx of the Washington Post involve
Or rather, which is worse than expected. We had expectations of 0. 1 . Rishaad exactly and thats currently where we have industrial production. Coming inese are pretty much bang in line with what we were expecting. The retail sales and only showing this contraction for july. Lets get over to bank of chief chinarities economist. Headlines pretty much what we were expecting, but tell me, what sort of picture is it painting for you . That atlly, i would say first glance, this set of numbers does not look extremely encouraging. For several, industrial output ip we would have thought it would be somewhere around this in belowt still coming 5 implies that the momentum of continued industrial recovery seems to be moderating. I think that is number one that i got out of the data. Number two, if you think at investment, thats roughly in line, but we need to look at the breakdown for example properties versus infrastructure to know what is going on. More importantly, retail sales i think to a la
And defcon. Our guest report from the Washington Post is joseph marx. Mr. Moss, remind us again what is black hat and defcon, and w did they come about . Well, so defcon is a largest conference in the world hacking conference at will, about 30,000 attended in las vegas, precovid and a black hat is one of the largest security covers also held in las vegas. One is the university and one is more like a party. One is focused on your professional Career Advancement and the other one is eating the soul of hackers and aspiring. Host when did you found these . Guest defcon is pretty old. It was about 1993, at and about three or four years later black hat started, 1997 i believe. The secret was we did no advertising or marketing of the just group organically. Host what is your background that you are able to do this . Guest well, originally i thought i was going to be an fbi agent. Instead i turn into a hacker, and it was a hobby like everything hobby that turned into a career. I started throwi
Fed chair is currently testifying to the house ways and means committee. Whether it is eu in china or the u. S. In china, we will break that down. We will have exclusive interviews with the erickson ceo. The main story continues to be the fed. The pandemic may threaten the stability of longterm Inflation Expectations. That was according to the vice chair yesterday. I judge that measures of longerterm inflection Inflation Expectations were at the downturn at the lower end of the range that i consider consistent with our 2 inflation objective. Given the likely downturn, we are at risk of falling below that range. Us now is blackrock system medical systematic portfolio manager. What does that mean if we fall sustainably below that range . That is where we are today. This is a huge shock. It is a huge shock across both sides of the economy. That has been met with less price inflation. We have seen the impact across price commodities. We have seen it yesterday with retail sales in recovery