[inaudible] its to protect our National Security. There is not been an attempt at any point to downplay the significance of the operation their undertaking. That is true if youre talking about our military pilots flying combat operations through ten or 11000 airstrikes now been taken against isil targets in iraq and syria. Its true of special operators been informed and station throughout iraq to carry out raids when an opportunity presents itself to try to take out a senior isil figure were to capitalize on a treasure trove of intelligence that may be there for the taking. Its also true when you talk about our military Service Members are engaged in training efforts. In some cases, particularly earlier in our efforts you had u. S. Military members who are in dangerous parts of iraq who are working to try to train several iraqis to make them more effective on the battlefield against isil. We had not not at all tried to downplay the significance of those operations, of of the risk of th
I know Law Enforcement has to do their job and staying with it because criminals are doing their job, too. Like it or not. And if it changes, crimes change, we have to change the way we operate. The concern is privacy, obviously and getting into that. Some have argued that the expansion of connected devices to the internet of things provides Law Enforcement with new surveillance tools and capabilities. Recently, the center at Harvard University argues the internet of things could offset the governments inability to access incrypted technology for providing new paths for surveillance and monitoring. My question is, whats your reaction to the idea that internet of things presents an alternative to access of incrypted devices . Certainly, i do think the internet of things and associated mata data presents us with an additional opportunity to collect information and evidence that will be helpful to us in investigations. However, those merely provide us with leads or clues whereas the real
Cfo will join us first on cnbc. Staples and office depot higher in the premarket, reports two in advanced merger talks. First up Oil Prices Rising sharply on expectation of decline and u. S. Drilling activity. Bp posted better than expected quarterly results. Bp ceo bob dudley spoke this morning. I think its going to take time. Could be a long time. There is excess supply. U. S. Productions still growing. We see about the rig counts what its growing. And chinese demand of course great. Growth in china is not as high as it was. So we have stock levels filling up all over the world, tanks filling up. Wont be long before people putting them in ships and that take is along time to work its way off. Is there a lot of oil news today. Thats just one data point. I love bob. Hes late here. Theres already been a dramatic increase in the number of financial players taking down tankers. If you look at nordic and american tanker they will tell you that is happening now. Whats interesting and bob du
Of an apple tv set . According to a new book, steve jobs was not a big supporter. He said, tv is a terrible business. They do not turn over and the margins suck, according to an apple reporter. A los angeles man said to have invented bitcoin has hired a lawyer to clear his name. Dorian nakamoto said he did not create, invent, or work on bitcoin. The 64yearold engineer said that the story has hurt his family and chances of getting a job and he hasnt had steady employment in a decade. Russias richest man has sold shares in apple and facebook and is looking at Chinese Companies. Chinese companies now account for 70 80 of his foreign investments. They include alibaba and others. To our lead story. Alibaba starting the ipo process and saying it will file into the United States. Thereve not filed yet. Much discussion of them filing. We know the rumblings have been going on. Theyre trying to get the waters ready. They have talked with the six different banks and huge valuation. Some saying tw
Hang sang up 0. 5 . Modest decline in shanghai. European markets, things have barely budged there. Directionalist at this point. Waiting to see whats coming. Part of thats going to be what we get right here, a packed docket of Economic Data today. Most notably youll be getting jobless claims, that comes out at 8 30 eastern time. Economists are expecting 312,000 firsttime filings, higher than what we saw last week, that was 298,000. Something that a lot of people caught their attention last week, below 300,000. Well also be getting a key update on housing at 10 00 eastern time with existing home Sales Numbers for the month of april. As for corporate names to watch, we have retailers in focus again. Quarterly reports are due from best buy, dollar tree and sears. That all comes before the bell. Then this afternoon well be hearing from hewlettpackard, the gap, fresh market, gamestop and tivo. Andrew, over to you. Good morning. Good morning, becky. Thank you for that. Corporate news this mo