Today. We will hear more about the budget from bernie sanders. He will be at the Brookings Institution outlining his economic agenda addressing things like wage growth, climate change, and text policy. Tax policy. The Political Landscape has changed with the 114th congress. Not only are there 43 new republicans and 50 new democrats in the house and 12 new republicans and one new democrat in the senate, there is also 108 women and commerce, including the first africanamerican republican in the house and the first woman veteran in the senate. Keep track of the members of congress using congressional conical on www. Cspan. Org. The congressional chronicle page has lots of information coming putting Voting Results and statistics for each session of congress. New congress, best access, on cspan, cspan 2, cspan radio and www. Cspan. Org. Cyber security breaches, cases where personal information were compromised, how the government can respond in the Technology Available for making breaches l
Understand such legislation. It should identify the methods, speed, delivery an content of notification. It may be unattainable for small organizations, nonprofits and educational institutions. Based upon the size of an organization would make compliance possible for all. It should also encourage organizations that collect data to be trance fernt about the use of such data. Consumers appear to be happy to give away their data and privacy to enter social media sites for the sake of convenience. Given the highly publicized breaches it is apparent that more work is needed, no matter what the size the company, certain expectations of security should be defined when data is collected and stored. Importantly it took a couple of insenity tots establish better education and breaches. It is important for us to have sishe expertise within the u. S. In conclusion i appreciate if opportunity for this dialogue. I stand by to assist you in any way i can. Cyber security and Cyber Security education i
I want to follow up on a couple of questions that the chairman asked. You make the point that preemption has sometimes been narrow. In fact, that concept of protection is that there should be preemption only if there are state laws inconsistent with federal laws and then only to the extent of the inconsistency. That is a quote from one of those statutes. In the Health Information Technology Act that principle of narrow preemption has been adopted. Has the experience than with that narrow approach to preemption that there are these horrible inconsistencies or confusion that are witnesses seem to raise of avoiding reaction . Know, senator. The concern from the state level, as you are aware, and we are assuming you guys will pass something this year it took 10 years or congress to pass a breach notification law. There are new threats out there or again, threats that specifically target a group of people, consumers in our state. Or there is a rapidly changing area. We want to be able to re
Well look at it now down well over 100 points and then down 20 points now were down 49 points. With whiplash there. Now look at Interest Rates. That is the key barometer, yield 2. 26 now. Couple of hours ago it was 2. 34 that is a huge spike and then decline. Scott was in chicago and hes going to tell us what is going on. Scott couple of weeks ago that tenure treasury yielded 10. 7 but now 2. 26 why the spike . Back to good friday that bad number on that day. Market, cash markets were closed but future market tanked but by the time we came in on monday and closed monday afternoon everything was much higher than it was say on thursday before good friday, and i dont think that bodes well for the market but upset feds an now fed is now sitting there thinking, theyve got a job to do against the bonged market. Bond market is biggs bond market out there so we have to fight against the bond market and ting theyre winning. Theyre ones bond market is pushing where it is. Nothing but rhetoric fr
What he plans on doing with the money. That is ahead on bloomberg west. First, uber making the rounds on wall street. The company is seeking 1 billion credit line from a handful of banks. The company is in talks with six or seven banks. Uber declined to comment. We reported uber was planning to raise 1. 5 billion in a valuation. What does uber what with all this money . Is an ipo in the new future . Katey joins me now and from d. C. , gabe joins us. You just invested. You other perfect guy to be talking to. This credit line is something that facebook, twitter, alibaba had done before. How close are we to an uber idea . Gabe we dont know. I think it is difficult for Companies Like uber. Facebook did this they went out and started to build Close Relationships with 6, 7, 8 investment banks banks in general. What is interesting about uber versus lyft is that they are getting into a lot of different spaces. Theyre delivering food in new york. They have mobile stores in washington, d. C. The