Even if today was a dow. S p inching down 1. 3 . Nasdaq climbing 4. 2 the fed is supposed to cut rates when the economy is in trouble, right . How can the economy be in trouble if the s p 500 briefly made an alltime high . I hear a lot saying this but its based on the serious misapprehension usually bring people who dont understand the stock market itself because it is a market of stocks. Its no longer a good gain the indices arent a good gauge to the economy the recent rally tells us lots of companies are doing well. Some are doing well because of lower Interest Rates than the treasury market. Some are doing well. Theres been some fast growing tech stocks that have not been constrained and farm well, farm and fast growing tech tend to thrive in a weak economy. More importantly i think were looking at this backwards. The market roared to these levels because wall street thinks there is going to be a rate cut it would be much lower in jay powell told us it was still on the table that th
[inaudible conversations] good morning. The committee will come to order. Welcome one and all. On monday september 16 a horrible tragedy unfolded in the navy yard in washington d. C. A very troubled individual took 12 lives in a senseless act of violence. The circumstances that led to this tragedy are multidimensional. The issues raised by this tragedy such as the adequacy of our gun laws and the quality of Mental Health care are outside the purview of this committee. But as we have learned more about aaron alexis a number of my colleagues and i have been asking each other why such a troubled unstable individual possessed a security clearance from the United States government. Why was he originally granted a security parents when he did not disclose his arrest record on his application . Why did the investigator responsible for looking into that arrest rights quote retaliated by deflating someones tires instead of disclosing alexis had shot those tires. We also wonder how such violence
The others were clearly a miss take. Mistake. Congratulations. Thank you for doing double duty here in the last six months in taking this on. To our colleagues who were good enough to find a way supporting a confirmed director, i thank you for your support. As the acting director, miss kaplan oversees the office of federal investigative services. The office responsible for ensuring that the federal government has a work force that is worthy of public trust by investigating and reviewing applications for security clearances. And by performing background checks to determine whether a person is suitable for employment by the federal government or federal contractor. Acting director kaplan, thank you for your testimony, for your leadership and good luck in what lies ahead. Letti, brianess is preoletti a special Security Director at the office of director of National Intelligence. Hes held this position since may of 2013 after serving at the Central Intelligence agency from 1981 to 2013. As
About her perspective of where we are on cyber, and she work for the Bush Administration and the obama administration, and core author of the comprehensive National Cybersecurity initiative, which many of you are familiar with, and her plea, what she talked about was shes been at this since 2008, like many of us, and shes been kind of taken aback by the lack of an International Strategy that the United States seems to be pursuing, and i think its intriguing to hear what you have to say, what you guys think as a group. You raised the i. T. Issue, sort of like the quiet negotiations that jims been involved with, but what do you, as a group see, as the best mods model for an international set of standards, norms for Convention Heading towards as part of the information sharing. If youre a fortune 25, youre acting all over the world under a range of information sharing issues, not just the United States. Curious to see what the brain power on the panel thinks. I hope you look at the cyber
National captioning institute] committee. Performed by national captioning institute] [captions Copyright National cable satellite corp. 2013] the circumstances that led to this tragedy are multidimensional. Many issues raised by the tragedy such as the accuracy of our gun laws and the quality of our Mental Health care are outside the purview of this committee. As we have learned more about aaron alexis, a number of my colleagues and i have been asking each other why a troubled unstable individual possessed a security clearance from the United States government. Why was he originally granted a security clearance when he did not disclose his arrest record on his application . Why did the investigator responsible for looking into that arrest write up that alexis had, quote, retaliated by deflating someones tires instead of disclosing that alexis had shot those tires . We also wonder how such violence could have taken place in the navy yard which is more secure than just about any workpla