And great set of speakers today, along with acknowledging additional support. I am here for the next 30 minutes with brandon wales, the acting director of cybersecurity and infrastructure security agency, for what i hope is going conversationnating about the election, about the covid pandemic, about the state of cybersecurity and infrastructure security and Critical Infrastructure across the country. Brandon, thanks so much for joining us today. Brandon garrett, thank you so much for the invitation. I am very happy to be here and talk about the important work our agency is doing. Is december 3. It is hard to believe that exactly a month ago on november 3 we were sitting down as a country to watch the first Election Results role in. Roll in. It feels like as a country we have lived about 25 years in the last month, and i would imagine for you, it has actually felt somehow longer than that. Byanted to start off today taking you actually back three thursday after the election. They put ou
About covert 19 vaccines. Fears for reading the refugees who are being moved to an island that aid groups say is dangerous. And people in indian administered kashmir accuse soldiers of widescale abuse which the army turn on is. A National Sport as a bron james signs an 85000000. 00 deal with the l. A. Lakers and finally one driver raymond version or a chance in the bahrain sakit scene of his horrifying crash just 4 days ago. But we begin with the corona virus pandemic now in a new phase with countries racing to approve vaccines but in some parts of the world the picture as you can see is getting worse with cases on the rise as winter approaches and since the start of the pandemic there. The more than 64000000 confirmed cases coming quite close to 65000000 there and nearly one and a half 1000000 people have died from the fire as well the United Nations is currently holding a special session of the General Assembly on covert 19 in his Opening Statements the secretary general antonio caet
Nasdaq. Now, here are the negative for stocks today. Dr. Fauci suggesting a lockdown christmas. Why . With all the traveling and celebrating we did over thanksgiving, its expected to produce a new round of infections that will in turn require a new round of restrictions. Well have more on this throughout the show. I get the impression were being treated like children, punished for celebrating our national holiday, but dont get me started. One more item. The biden team takes shape, very similar to the Obama Biden Team that left Washington Four years ago. Neera tanden could go to the budget office, Jared Bernstein expected to become a president ial adviser, he was Vice President bidens chief economist, and back to the future . Sure looks like it, doesnt it . On the show today, the priceline ceo offering deals to get people back to travel. The waffle house ceo, hes pounding the table, keep dining rooms open, hes pleading. And mrs. Fields cookies, their ceo somehow has to replace the reven
Eastern on cspans q and a. White House National economic counselor, larry kudlow, talk to the Washington Post yesterday about the outlook for the u. S. Economy and was asked about the status of Coronavirus Relief negotiations. Robert good to have you here. Thank you for coming. The u. S. Economy grow at a record 7. 4 percent between july and september. It has recovered two thirds of the ground it lost during the first half of the year during the pandemic, but many economists remain wary because the figure comes as the country is still entering this time of rising coronavirus cases and the economy has not entirely healed. So lets begin with these new numbers. Do you acknowledge these record gains follow record losses . Larry of course i do. The shutmic because of ins last spring generated a very heavy economic toll. Very heavy. You have a 33 increase, annualized increase in the third quarter. Thats a record. I want to go underneath the hood here because i think this is a selfsustaining
Economists remain wary because the figure comes as the country is still entering this time of rising coronavirus cases and the economy has not entirely healed. So lets begin with these new numbers. Do you acknowledge these record gains follow record losses . Larry of course i do. The pandemic contraction because of the shut ins last spring generated a very heavy economic toll. Very heavy. You have a 33 increase, annualized increase in the third quarter. Thats a record. I want to go underneath the hood here because i think this is a selfsustaining recovery. The numbers are gargantuan. I am going to read them off. You have Consumer Spending up 41 , housing up 59 , Business Investment in equipment up 70 and automobile production up almost 1200 . My take is this this is selfsustaining. It is going to spill over into the Current Quarter and next year, policies permitting. But the one missing link and a lot of people have not talked about this, you are going to get a big inventory rebuild. I