Average daily volume of 150 million individual transactions. Yes. We compared that to amazon. And amazon has only 27 million transactions. That was the case back on cyber monday in 2012. Now, we understand that much of this i. T. Is at its core cobalt based. The computer language developed in 1959 essentially before color television. And many of the i. T. Managers acknowledged that a cobalt based system works, but they also have indicated that its less efficient, and agile, than more modern computer languages. So what can the agency do to update the technology that it has to have to manage this eyepopping amount of data that youre dealing with every day . Well, i think one of the underlying challenges you just mentioned, theres a tremendous volume of data that we process. We recognize that we have to move away from cobalt to some extent, but not fully, because in some instances its the best language. There is a transition to modernize our systems. One of the challenges will be how quic
Rich edson, we have flown him all the way to chattanooga, tennessee. I dow the fine folks there will understand a word that you say, rich. Rich they are picking up on the accent. Looking at this movement that pushed against the effort to organize workers here at the volkswagen plant, the uaw was granted somewhat unusual access. Almost a partnership with volkswagen. There was an expedited election. They are saying that this is a big failure. This all continues. It has been the first bite. One employee says he does not want this town to become detroit. Who is growing. Who is moving forward. Look at detroit. Look at city blocks of empty houses. What is the common denominator . The uaw. One possible other chapter this past election. It could be a point of contention. The uaw said there is influence from outside. Theyre basically saying that volkswagen would decide to build another plant here if they rejected the uaw. The nlrb could decide to hold another election if they determined there w
Monitor has small cap names he says are poised for bigtime gains. All that and more on nightly Business Report for march 21st, 201 2014. Good evening, everyone. Wall street wrapped up an exhausting week with sharp declines and equally intense gains that sent stocks on a wild ride. It began on monday with a crucial vote in moscow to take control of crimea. Once the threat of a military confrontation eased up, stocks surged. That rally continued on tuesday, but a day later Federal Reserve chair janet yellen hinted that Interest Rates might rise sooner than anyone expected and stocked plunged. Investors bounced back on thursday on encouraging economic reports. And finally today, a qaudruple reaching day for options and futures pulled down stocks. But investors had the final say on the week, pushing the dow and s p up more than 1 . And the s p even hit a new record in interday trading. By the closing bem the dow lott 28 points, nasdaq down 42 and s p slipped 5 points. The head of the minne
Monitor has small cap names he says are poised for bigtime gains. All that and more on nightly Business Report for march 21st 2014. 2014. Good evening, everyone. Wall street wrapped up an exhausting week with sharp declines and equally intense gains that sent stocks on a wild ride. It began on monday with a crucial vote in moscow to take control of crimea. Once the threat of a military confrontation eased up, stocks surged. That rally continued on tuesday, but a day later Federal Reserve chair janet yellen hinted that Interest Rates might rise sooner than anyone expected and stocked plunged. Investors bounced back on thursday on encouraging economic reports. And finally today, a qaudruple reaching day for options and futures pulled down stocks. But investors had the final say on the week pushing the dow and s p up more than 1 . And the s p even hit a new record in interday trading. By the closing bem the dow lott 28 points, nasdaq down 42 and s p slipped 5 points. The head of the minne
Says are poised for bigtime gains. All that and more on nightly Business Report for march 21st, 201 2014. Good evening, everyone. Wall street wrapped up an exhausting week with sharp declines and equally intense gains that sent stocks on a wild ride. It began on monday with a crucial vote in moscow to take control of crimea. Once the threat of a military confrontation eased up, stocks surged. That rally continued on tuesday, but a day later Federal Reserve chair janet yellen hinted that Interest Rates might rise sooner than anyone expected and stocked plunged. Investors bounced back on thursday on encouraging economic reports. And finally today, a qaudruple reaching day for options and futures pulled down stocks. But investors had the final say on the week, pushing the dow and s p up more than 1 . And the s p even hit a new record in interday trading. By the closing bem the dow lott 28 points, nasdaq down 42 and s p slipped 5 points. The head of the minneapolis Federal Reserve says the