We look at the week that was in ferguson missouri. Consider a history of tensions that simmered over decades. Its not just me, its life, times of bad dealing with the police. Militarized forces that lit a spark. This is part of the culture of american policing. We look ahead will police keep the peace . America tonights special report flashpoint ferguson. Good evening, thanks for joining us for the special edation of america tonight. Im julie chen. Our america tonight team returned from ferguson outside of st louis, after several days of reporting a story that gripped the nation and surprised us. We consider what led the community to explode with pentup anger and how it was sparked by the death of unarmed 18yearold Michael Brown, shot and killed by a Police Officer outside the street of his grandmothers apartment. Civil right leaders and the missouri Highway Patrol captain ron johnson spoke to a standing room only crowd at greater grace church. Ron johnson reminded the community no one
Latest details on the spending bill as it reaches the u. S. Senate. We will get to all three in a moment, but first, lets get to some of the top stories we are following this hour. The s p 500 is headed to its biggest drop in two months as Oil Continues to sell off. The s p is down as you can see more than. 5 . Thedow is falling and nasdaq is down fractionally. Oil is under pressure yet again. Crude is over 3 atthe red, right now 58. 06. Low oil prices are hurting the economy. What this bloomberg may mean for fuel costs. When prices collapse like this, it is a scramble. We dehedge, in a sense, and then look for opportunities to read hedge when we can. When prices fall, overall, the airline has far less fuel cost, and that is the big key here, we will have a billion dollars in in 20 15. Costs london was thrown into chaos after a computer error caused flight delays at heathrow airport. Gnats controls all of british airspace from two centers, one there and one in scotland. Sell its stake
Have pulled out. 1015 years ago, it was much bigger than that. Ericsson, etc. We are the size of market cap and growth and people were read about us with juniper and others and yet will pulled away from them as well. It isnt that cisco i am talking about is how fast his industry is changing. Out of the big six ip players three of us will not be relevant to our customers. You can say that as the Silicon Valley stuff where you move fast. If you look in this role, only 1 3 of you will be relevant in 20 years. When you look at uber and what they did to the taxi industry and amazon with the challenges of walmart. You will see those types of transformation coming everywhere in the world. The nice thing about cisco, if we lead the transformation, we will be in the center of it. Connecting what would be 500 billion devices. People get excited and they feel threatened about it. By some equipment. Buy some equipment. Some businesses today, our technology businesses. The decisions about what the
If you get a chance, you can watch it all again. I do very much encourage dennis will be leading the interview but this is very much a participatory event. We will have plenty of time for westerns afterword so please be ready for questions after that so please be ready. Thank you all for being here. I will hand it over to dennis. It is a comparable time today in new york. Lets get right to it. You recently predicted that perhaps over the next 10 years some of the Biggest Technology companies will not be around. Tell us about who they are, when they are going to go down. [laughter] go right to it. Talk to us about that. It is a very real observation. If you look at hightech industry, if i were to take a step back my competitors from 15 years ago, not one of them exist s. Such as . Synoptics, cabletron, they have pulled out. 1015 years ago, it was much bigger than that. Ericsson, etc. They should have crushed us and yet we are the size of market cap and growth and people were read about
Stay one step ahead of illegal migration on the southern border and to stay one step ahead of our weather conditions, to closely monitor our weather conditions in a very harsh winter. If we shut down, that staff is cut back to a skeleton. Third, approximately 80 of femas permanent appropriated workforce, 80 is for load is for load furloughed. Fourth our ability to grant money to state and local Law Enforcement which they rely upon for their own missions grinds to a halt, either because there is no money or the ability to process payment has been furloughed. Fifth, Service Providers and suppliers of this department did not get paid during the period of the shutdown. Again, because theres no money or our ability to process payments have been furloughed. I could go on and on. Overall, a shutdown of Homeland Security would have serious consequences and amount to a serious disruption in our ability to protect the homeland. To those in congress who may be contemplating hunting or kicking the