his russian counterpart, defending his illegal invasion of ukraine. for the huge number of casualties. at the center of it, all alliances, some steadfast, some dangerous. nuclear threats no end in sight. in a cnn exclusive. what more needs to be, done to ensure what you say is ukraine s victory on this war. and former british prime minister boris johnson, joins me with his take, on where putin takes this war next. this was a war of choice,. we want to welcome our viewers here in the united states, and around the world, i m wolf blitzer, this is a special edition of the situation room. we are developing news tonight on a missile, test conducted by russia during president biden s surprise trip to ukraine, yesterday. and it comes as the leader at the free world, took on the autocrat trying to destroy ukraine president biden delivering a fiery address in poland today to mark the upcoming one year anniversary of putin s ruthless invasion, and on the other side of ukrai
Cyber espionage. The hack of opm is the latest example. Do the chinese steal our Naval Technology and apply it to their navy, and as a corollary to that, are you aware of any evidence concerning china stealing u. S. Civil Nuclear Technology and diverting it to its nuclear navy . Sir, im not personally aware of any instances of another nation stealing our Nuclear Technology and applying to their navy, including china. That may be happening, im not briefed on any intelligence that would implicate that. I think its wellunderstood that there is Cyber Espionage that occurs. We have concerns from time to time about our cleared defense contractors for example in their Cyber Security. I think Frank Kendall and at l is working hard to tighten that up as best we k. I was reflecting on this earlier we talk about Nuclear Matters. As a sort of graduate of the Navy Nuclear Propulsion program. One of the things that has intrigue said me intrigued me over the years, the element of Human Performance th
Its going to predict how it would react under a stress event. And so was the key one of the key issues is what how are investors anticipating this . Is this part of their Investment Strategy . And do prices reflect it, and do practice Risk Management practices reflect that . I think that there are two issues we have to separate as we address the questions you offered. Is there a liquidity crisis . The first is are we in the midst of a transition from one type of market to over. If over night, we say that ever bond dealer who works in a bank can no longer deal bonds, the next day it will be a little harder to buy bounds. No question about it, and sell them as well. But what will happen afterwards, the banks will sell their operations to hedge funds to other companies, to the employees themselves and theyll get reorganized to find the capital and make money, because there are opportunities to make money when people demand liquidity, by the way, theres no such thing anywhere of free liqui
We have no chance. What do we do, ignore the problem . There are things we can do. Thethe goal should be to channel the trade every substance as well as other current illicit drugs and illegal channels come into the hands of reputable businesses which means requiring standards for labeling and dosage so that customers no what there getting. And then as citizens of a free society they get to make there own decisions. People see a percentage of the population has a great desire to get high one way or the other. People have been sniffing glue and paint thinner for decades. We are not about out those substances. It would not be effective if we tried. Again the focus ought to be on Harm Reduction policy one that tries to channel the trade through the hands of reputable businesses, guarantees accurate labeling and dosage and then allows people to remain free to make there own decisions for good or ill. Nobody saidnobody said the ability to make these decisions will always ensure wise decisio
Wouldnt a level Playing Field as you said from your testimony, we have concerns about things like there is a some Data Retention obligations and we think you could do it differently. There is a best interest contract framework and weve heard feedback from folks saying it is clunky and there is a more streamlined way to do it. We have a point of sale disclosure requirement and people have said that that is not necessary. And so what weve done in every circumstance when someone said that the best interest contract is clunky, our response is tell us how to do it better. How do we retain that north star of enforceable best interest contract and still get it done and that is the feedback weve been getting and it has been helpful. And youve incorporated it. We havent made final decisions yesterday. We wont put out a rule until weve gotten all of the comments. Im confident if history is a guide the final rule will be materially different than and better than the proposal because you have to b