Political uncertainty Means Companies on leaving in droves. It started with the banks now hundreds of Medium Sized Companies have either left or are considering leaving the region since the independence referendum they include Financial Institutions like ayesha bunco sab adele Utilities Company gas not and sparkling wine maker fresh anette spains economic minister blames the cattle and Regional Government for the exodus the population is growing uneasy still hes not afraid of a run on the banks. Out there thats the two large catalonian money institutes are both protected by the safety mechanisms of the European Central bank the spanish guarantee fund and the federal government and thats why we dont think there will be any limits on the money that the customers can withdraw. Quarterly. The firms pulling out site turnover as their main reason for departure with spain their most important market they fear a catalan declaration of independence could lead to the country boycotting kettleman
The research focuses on the intersection of technology, policy, business losses wider ramifications of key technological trends and development. He testified before congress more recently on drums, privacy and intellectual property and also the broad for the Global Agenda Council and cybersecurity. John is going to go through the basics of sections of a note to and sort of like a onetoone introduction and for the rest of our program today. John, welcome good thank you for coming today. I realize theres probably some countrys top experts on seven of two of the room and perhaps people who know a little more. If youre one of the countrys top, you will learn nothing in the next 25, 30 minutes. The goal of this portion of the talk is to make sure we are all starting to think foundation. Im not going to argue in favor or against section 702. I am going to lay out the same place. My understanding is programmatically this one goes until 12 45 in the without much for you and will come back and
Ill take the opportunity of session. To begin this im not going to spend a lot of time on introductions, but very briefly, i have been with us from brookings, and this is a real opportunity because my co panelist, interviewee, im not sure what to call him, he has a remarkable diversity of experience with 702. I actually met matt way back when he was working on guantanamo issues once of upon a time, but subsequent to that he became general counsel at nsa and went from there to run the National Counterterrorism center which is fundamentally analytical but draws on a lot of sources of intelligence including, as i think youll hear of 702 material. So, let me start by just asking you, on a scale of one to ten, 702ortant is 702 the u. S. Counterterrorism missions and other National Security interests, and what other interests. If i can channel the movie spinal tap, i will say 11, for those of you who have seen the movie. On a scale of one to ten, in all seriousness, its very important. I go
All right. Im going to take the opportunity of this lull to begin the session. So im not going to spend a lot of time on introductions. I do just want very briefly, with us from brookings and law affair, this is a real opportunity, because matt, my copanelists interviewee, im not sure what to call him when theres only two of us, has a real remarkable diversity of experience with 702. And so i actually met matt way back when he was working on gaugh guantanamo issues once upon a time. He became general counsel at nsa and went from there to run National Security. As i think youll hear a lot of 702 material. And so let me start by just asking you, on a scale of 1 to 10, how important is 702 to u. S. Counterterrorism mission and to other national skuecurity progrs and what other interests . If i can channel the movies, ill say 11, for those of you who have seen the movie. The amplifier goes to 11. Ive had a lot of conversations about and it is you know, it is important i think to understand
Look at the bloomberg, g btv 3598 that looks at the msn reading and market reading of manufacturing. 50 is the dividing line between contraction, so we saw manufacturing come down and has been016 expanding now at a higher rate to most of 2015 and now on 27 2016 and out 2017. As trump pushes for made in america, this chart shows we had seen an expansion of manufacturing, although he is looking to expand that even further. Taking you back to the markets and a look at the major averages in the wake, a bounce back after four days of selling stocks in the United States, but i want to look at what is going on with rates because we had been seeing rates push lower. Five, a move higher by basis points and you can see the reaction to the earlier economic data, the employment report showing a job expansion and now yields take a five basis points to 2. 5 . Likewise, the u. S. Dollar had been selling off recently and coming back today, particularly versus the japanese yen, catching a bid in recent