Strong session. That sector going for its seventh straight day of gains. The only other areas with some green on the board kind of feels a little suspect as this last hour begins, well keep our eyes focused there as well. It takes us to our talk of the tape. Is the markets uncanny resiliency throughout much of 2023 a sign of whats to come in the months ahead or just too much to maintain. Lets ask eric johnston, hes made his case on this show that stocks are due for a big drop, and on the other side, nfjs john mowry who argued investors have been too negative. Both joining me live. Its good to have you both. Eric, youre here next to me. Ill come to you first. Why do you remain negative on this market as we make the turn into the fall . Yeah, so there remain significant headwinds that are in front of us, and i think looking forward. So i think if we look at a few different things, number one, this is a late cycle economy. Weve looked back and i would define the cycle by Unemployment Rate
The nikkei up a half percent hang seng up 1 111. 2 . In europe, big effort gains in spain. Crude, the one big driver for crude the past couple of days would be harvey. Now a category 2 storm were seeing wti crude up by 0. 7 brent up by 0. 7 welcome back. Thank you great to be back when did you get back last night. Last night. 8 00. All right do you feel different . Do you why would you ask that, joe. Im wondering feels g right . Enjoyed it. Congrats. Everybody knows by now now they do if they dont, theyre about to. Misses melissa lee. Is there a new name. Im still me. Congrats. Good to have you here. Thats dedication, 8 00 last night anything anything to help you out, joe i will do. And the viewers heres the big stories were watching today that was maybe the biggest in corporate news, uber could hold a vote for its next ceo as early as today uber is holding a Board Meeting later total. According to sources hpe c eshs Ceo Meg Whitman will not be there, but former ge Ceo Jeff Immelt will
Question, first. In terms of the input, my opinion the devil is always in the details. I would want to understand the specifics of what we are talking about. That is a good duck. It just doesnt crack. Lets move on, i want to ask you about the use of encrypted information by terrorist and criminals. The fbi director came before us and gave us stark testimony about going dark and how big the problem was. Did you believe the increased use of this kind of encryption and apps as you pointed out poses a National Security threat . Yes, maam, i am concerned the direction we are going, if we make no changes is minted we have to get together with the government and industry and policy side. This is a complex network and there is no simple answer here. If we put our mind to it, we can come up with a solution that is september acceptable. You dont want me or an Intelligence Organization making those kinds of decision. You dont want us to unilaterally do that. I am the first to acknowledge that. Th
I would like to call this hearing to order. Admiral, welcome. I would like to welcome admiral rogers, director of the National Security agency. Mike, as you know we typically hold hearing in close session so we can review your classified programs. Given the sensitive nature of the programs and the need to protect methods which intelligence is gathered that position is understandable. Today, we want to take time to insure the American People have an opportunity to learn more about the nsa, the mission you workforce is tasked with and what you are doing to combat the increasing cyber threat to the nation. Cyber threats are top priority for the Intelligence Community. Attacks are increasing in scale, scope, and complexity and severity of impact. The office of personal management suffered from one of the biggest Cyber Breaches our government has ever encountered and there are count less other recent examples of attacks in the public and private sector. While the nsa typically works in secr
Know business. It is who the true insiders are. What you think about who the icons were, it was was once bankers. Things have changed. Elon musk, number one on the list is the guy to be seen or be seen with. Onwe have a great lineup bloomberg west. The cofounder of paypal will be joining us. I want to get to editoratlarge cory johnson with the top headlines. A lot of news today. Ebola patient Thomas Eric Duncan has died from the virus at a dallas area hospital. He visited liberia and contracted the disease there. His girlfriend and her family are being quarantined, but so far have not shown symptoms of the ebola virus. Protestsf the massive in hong kong are threatening to pull out of talks as the government ignores demand for democracy. Students are also bringing back giant crowds of protesters that paralyzed central hong kong. Talks are scheduled for thursday. Thus far, the different sides cannot agree on where to meet. Nfl owners have approved the sale of the Buffalo Bills to ula. Y