Approach to cyber warfare between the public and the private sector. Can we say all private sector and the Public Sector goes one way and are there any differences in the approach to that . Thank you. You want to take that. And i have a little bit of a different perspective than my panelists so this should be a interesting discussion. 85 of the networks in the United States are private. And contrary to popular belief the National Security agency is not on those networks. Not unless they have a warrant to be there and that is highly unlikely. And so what happens is you have Intelligence Services overseas and trying to bring it back to protect the government and we want to share that information in realtime so the private sector it protect themselves today. That is where we are today. It is not working. Sharing is terrible. No one wants to do it for liability reasons an a whole host of good reasons not to share so we can fix. And here is the problem with the private sector saying heck wi
Policy. It was emerrill rogers not that long ago said just as much as that, that we dont have a good cyber offensive policy. We talked about it ad infinitum in classified settings for the entire ten years i was on the Intelligence Community and we could never get consensus to move to the next place on what that cyber offensive is. And by the way just as a personal note i just saw that the Administration Says theyre going to make china pay for the consequence of the opm hack. I cant wait. I cannot wait to see what the heck that thing is. And candidly im not too excited about what its going to be. We havent crossed that threshold to bring everybody in a room and try to work through this problem. I would long answer to your question, but i dont believe they have the right to go extraterritorial to protect what they perceive to be a threat at that point. Thats fantastic. Thank you, thank you so much. We can get a hand for the speakers. Thats just great. You can see how we can make many hou
President trump arrives for his first he g7, meeting fellow travelers that he named and shamed at the nato talks. We are watching developments in sicily, where World Leaders have gathered for their meeting. ,ake a look at this function tracking the trade picture between these nations. You can set that function to the United States and look at the relationship between the g7 countries, canada the top trading partner, followed by japan, germany and france. In terms ofk down. Hat that relationship means we are expecting the u. S. President to address trade at the top of his agenda, pushing for more domestic trade. G7 leaders are wary whether the rhetoric of protectionism and an inward looking u. S. Is going to be at the top of the agenda as these leaders meet in sicily. Elsewhere, oil, the washout from that the and a opec meeting out across the asian session. Singapore, malaysia, taiwan coming online. Lets look at the reaction. We have not seen a bounce after all. A steep selloff in oil o
Daybreak europe, our flagship morning show right here in the city of london. I am manus cranny. Matt i am matt miller here in the german capital, berlin. Manus good to have you with me. We are in that risk off mode. We decided yesterday we looked at the euroyen, we are looking at the dollaryen and this is where the trump frederick is stoking the heaven haven buying process. We are up by 1. 45 . ,f you want to pull this up 77. 34. The currency use moves, the kiwi is taking the brunt. Trump going on the fox business a network saying there is powerful armada. I we overdone, are we overreaching in terms of the end because one big move in this theater piece in russia could change the direction of the russia and u. S. Relationship. The 200 Day Moving Average at a fibonacci level of 107. 87. Even kuroda stepped in this morning. D in the endervene and does nothing. Matt speaking of headlines i am saying one come across right now from xo noble that it will consider a proposal to hold an egm in
Why he is endorsing donald trump for president in another exclusive you will see only on bloomberg tv. Jonathan a brilliant morning of conversation. Lets check in with our Bloomberg Team for indepth coverage of the stories. The one minute plunge and chinese stocks, and a look at the job report. Vw still being hit by email and cheating scandals. Lets begin in frankfurt, paul gordon joins us. Inline but still not great for president draghi. Paul inflation just below zero, employment just above 10 , a flight improvement and reason for the ecb to say the stimulus is starting to work at a long way to go. Where did the inflation come from . It has never really come from industrial goods, it used to come from energy and that may return briefly but it is hard to see that sustained. Services inflation is where the ecb needs to see prices increasing and that is a stretch at this moment. Jonathan if you are looking for a company that probably does not need to wait is germany. Qe is germany. Hand,