Hackett was brought in, he was a board member, previously he had done a great job at steel case the Office Furniture company in michigan and when he came in and he said, look, we are going to transform ford, get it ready for the future for Autonomous Vehicles, for electric vehicles. That hasnt happened ford has been mired in really not being making the move that its needed to make since 2017 they are starting to change that a little bit some of that because of the moves that jim farley has made as coo, he becomes the ceo effective october 1st and the marching orders are pretty clear. Transform this company, get ready for a future with electric vehicles, Autonomous Vehicles at some point, not immediately, but at some point, but, guys, this is the most interesting stat that i can find. If you go back over the last, what, 20 years, 19 years, only one ceo at ford, alan malaly posted a positive gain in ford shares there you see hacketts performance since may of 2017, down 38 , similar to fi
7 billion flowdan to Crypto Assets last week we will discuss that with the delta plot we will discuss them in so much more throughout the hour. Lets get to markets, a hotter than expected cpi print that drove the narrative. In the equity space it was a negative reaction at first. We havent changed her mind about the idea that if a rate cut is coming from the Federal Reserve is not coming until june. We are now up by a percentage point and a lot of the legwork coming from the earnings story. Semiconductors higher. Even as you see rates creep i. The 10 year yield was creeping up and bitcoin is down 1. 36 . Just above 71,000 u. S. Dollars per token. Talking about this upside and equities is probably oracle that accounts for that. The story, 20 5 topline growth in this cloud business. If you look at the analyst known there is an ai detail went. Lets get right to the conversation and bring forth brody, bloomberg oracle chief. The performance of the cloud unit, that was pretty good. They boo
Chair rogers the chair recognizes the Ranking Member of the committee, miss delauro. Ms. Delauro delighted you are here this morning. What i wanted to look at is the issue of crime, if you will, and trade. D. O. J. Plays a Critical Role in deterring crime through robust investigations, prosecutions, incarcerations, and the application of penalties. My concern about d. O. J. That there may be some serious blind spots. Lack of resources in critical areas. Particular, the u. S. International trade enforcement. Example, 2022, u. S. Imports were 3. 27 trillion. Conservative estimates based on available data from Economic Policy institute projected 5 to 10 of those imports were fraudulent. This means that there is annually 163 of the 327 billion in illegal trade which impacts u. S. Workers, manufacturers, consumers, and our free trade partners. I understand d. O. J. s infrastructure to combat trade crimes is lightly resourced. 2022 u. S. Customs and Border Protection collected 19. 4 million
Chair rogers the chair recognizes the Ranking Member of the committee, miss delauro. Ms. Delauro delighted you are here this morning. What i wanted to look at is the issue of crime, if you will, and trade. D. O. J. Plays a Critical Role in deterring crime through robust investigations, prosecutions, incarcerations, and the application of penalties. My concern about d. O. J. That there may be some serious blind spots. Lack of resources in critical areas. Particular, the u. S. International trade enforcement. Example, 2022, u. S. Imports were 3. 27 trillion. Conservative estimates based on available data from Economic Policy institute projected 5 to 10 of those imports were fraudulent. This means that there is annually 163 of the 327 billion in illegal trade which impacts u. S. Workers, manufacturers, consumers, and our free trade partners. I understand d. O. J. s infrastructure to combat trade crimes is lightly resourced. 2022 u. S. Customs and Border Protection collected 19. 4 million
Krao eut krao eut one of the mr. Cartwright one of the most important things i look into is the justice assistance grants. Ive been very proud to bring grants home in both of those areas to fund local police and also to fund efforts by our local district attorneys. These are the ones that deserve the credit for that huge drop in crime over the last year, arent they . Mr. Garland i quite agree with that, yes. Mr. Cartwright dont let me put words in your mouth, but who else deserves the credit for this big drop in crime that america has experienced . Mr. Garland look, im we know and weve had experience over decades now with the right kind of strategies for reducing Violent Crime. These involve strategies from the Federal Point of view, require the cooperation that the chairman was speaking of all of our agencies. Then creating joint task forces with state and local Law Enforcement who are enormous force multipliers for the department. Our u. S. Attorneys offices who reach out to communit