City. The city has been relatively desolate. The only people out there are the people plowing the sidewalks at this point. We walked over ourselves this morning. Didnt get hit with anything much but the ban on cars in new york city still is accurate. Ill wait until the posts in other places start making fun of the weather people because its still a very serious storm. May be loss of life somewhere. In fact if you take a look at some of the pictures in new england its a different story. Wow this is a picture of philadelphia. There could be more to come. Still falling there. You look at i looked at my radar thing on activitiescuweather. Its moving northeast and most of it is there. In the northeast region up in new england bracing for 3 feet as snow. They have been getting as much as 4 inches an hour. With the hurricane forced winds causing wide out conditions. Its been a huge issue with coastal flooding too. I was just reading that theyre talking about storm surges of about 7 feet with
I know and i said under the marijuana licenses we needed to do a better job. I will do a better job on that. The Health Connector is on its way to being fixed. That was an error and we need to do better with technology. Moderator thank you. Falchuk is easy to describe the things have gone wrong and said i wouldve handled it perfectly, differently if i were the governor. Limited powers and we have been following a model of intrusive Big Government that is doomed to failure. Doesnt matter who is at the top. I am running because the system is broken and i have create jobs that solve the problems. We dont have the technology within the state to do this. We know how to use technology to create efficiency and we would have avoided the website integration issue. There is so much we can do if we break from the status go and we are not doing that. That is why we needed an independent voice. Here we sit a year into this and we have no visibility into what went wrong, what could be done to fix it
A pretty rough session in asia. The nikkei lower today. The ecb outlining their plan for stress tests. By the way, stay tuned for our interview with ecb president mario draghi a little later on. Dell out telling two different stories, caterpillar, cutting the forecast, citing a difficult year. Then theres boeing raising its guidance and upping its production schedule. And our live interview with starbucks chairman and ceo Howard Schultz. The company is looking to expand its empire beyond coffee. Carl icahn selling shares. Well discuss the best time to get out of a stock. Boeing raising its fullyear guidance. On the flip side, caterpillar is falling after posting huge numbers, missed the street by a very wide margin, cutting hits fullyear outlook. Ceo Doug Oberhelman was on squawk box this morning. Ive seen cycles over my 39 years. This one is pretty acute in mining. The rest of the business is hanging in there. Jim, he said its been a tough year, hell be glad to see it go, hes still bu
Year. That was higher than last year. There was a spike in shortterm money rates that weighed on sentiment today. Chinas central bank refused to injex cash into the money markets for a second straight session. Japan, the nikkei was down by almost 2 . The hang seng was off by 1. 3 . And the shanghai composite was off by 1. 25 . Well see if that weighs on market here this morning. Steve, right now, ill send it over to you. Thanks, becky. In corporate news, jpmorgan reportedly nearing a roughly 6 billion settlement to settle claims with Mortgage Backed securities in a run up to the financial crisis. In separate news on the bank, jpmorgans 13 billion mortgage settlement with the government kind up costing the company lows her to 9 billion after taxes. A number of buyout firms, meanwhile, are reportly exploring a deal for all of part of safeway. The name includes cerberus. Activist investors Jana Partners says the Company Shares are undervalued. It held talks about reviewing if strategic ey
Threat to projects and Homeland Security counterterrorism program. He will be speaking on treasuries war, the unleashing of a new era of financial warfare. One final reminder. When this panel concludes we have to clear the room just like we did yesterday so the hotel can set up for lunch about 50 minutes and then well come back in and start our lunch program. Gives me great pleasure to introduce our moderator this morning, mary derosa, distinguished visitor from georgetown law. Thank you. [applause] thank you, everybody. Im very excited to be here as we have a really terrific panel. We are here to talk about cybersecurity, and how we address these significant and growing threat from criminals, hackers, terrorists, anarchists, and other nations who are spying on us, stealing from us, intruding, disrupting and potentially attacking our private sector government infrastructure. I dont feel like i have to say very much about the threat, gives a lot of background, particularly in this crowd