You will know her from her books and her work with cmn. And she was a Ground Breaking scholar before becoming chairperson of ftc, and thats impressive because shes still very young, i think the youngest in history. What im most interested about todays discussion, carnegie has been doing a lot of work on political economy so this fits in well. ■q it has become a dw. We live in g times, but eunusualness in our politics is an the unusualness of the political economy moment were living thru in many ways. In that sense, i think, chairpersonicularly important be shes somebody who has trayed to assert a new conception of one of the fundamentals of our political0ya ecomy, how we shoud think about the idea of competition and what it does to drive innovation, to lower price for consumers, etc. She has won, as you might expect for somebody trying to assert a new way of conceptualizing a fundamental concept in our political economy, she shes won plaudits from those taking on big tech in the name
Could you elaborate on what this would mean for consumers . Sure, consumers will be affected by this policy change through commercial banks changing its short term crime rate, it will be impactful in two ways, for Savings Account for instance it is good news because we will finally see some positive numbers is interest on our savings. But for the borrowers it would mean if you have a variable rate it could go up, according to the commercial banks decision, and you would be liable for a greater interest payment. If you would be liable for a greater interest payment. If we are talking greater interest payment. If we are talking about greater interest payment. If we are talking about moving greater interest payment. If we are talking about moving out i greater interest payment. If we are talking about moving out of negative Interest Rates, what sort of a move are we looking at . ~. ,. ,. ,. , at . Mood, the mood in businesses. At . Mood, the mood in businesses. Not at . Mood, the mood in
Our road map does begin with tech stock volatility. Adobe shares are tumbling. Microsoft, though, record highs. Tesla and nvidia, those stocks, at least recently for nvidia, saying its a struggle may be an overstatement, but they certainly have not been going up. The nasdaq 100 pointed to its first backtoback weekly loss since last october. Plus tiktoks owner, bytedance, on track to surpass Metas Facebook as the Worlds Largest social Media Company by sales. And the chamber of commerce suing the s. E. C. Over new Climate Disclosure rules, a lot to unpack there. And were going to begin with the road ahead. In particular, for what has been driving this market for quite some time, and that is namely what we call the Mega Cap Technology companies, a. I. , particularly generative a. I. , and mike, ill turn to you. We just mentioned, of course, nvidia shares, which, yesterday, we discussed. I mean, jim and i, years ago, developed this thing called the key to this market, and it does feel like
Vice president of the americas Vice President at cisco. [applause] i was wondering if you would applaud so thank you for that. Good afternoon. Our purpose is to power and inclusive future for all. A Technology Based Solutions Drive the ability to address critical challenges and communities, power hybrid work, transform infrastructure and cities you to secure the networks that run it all to ensure they can be deployed it takes forward thinking policies that foster innovation and emerging digital technologies. No matter how remote with the networks that bind to the the se channels of communications openness and competition or a world where ai propels us forward and does so responsibly they emerge as foundational pillars shaping our society, economy and governance. To fulfill the potential of this moment right to size investments in government policy and Research Innovation security and procurement should lead the way. At the heart of this critical discourse is the federal Communications
Before that, you are ahead of the Cyber National mission force. You went from being a one star to a four star in six years, which is an impressive sign of how wellregarded you are. Id like to use that five year time period during your tenure at nsa as the framework for our discussion this morning. Looking at some of the extraordinary technological changes that have transpired over that period, as well as a whirlwind of geopolitical events. Lets, if i may, start off by going back to the summer of 2018, you first became the director. I recall we had just months before reauthorized the 702 foreign Intelligence Surveillance act. We were thinking about what the russians had done in the 2016 elections. We were thinking about dealing with the aftermath of the snowden problems. The alleged shadow brokers theft. What was your thought, looking back, what were your first thoughts in the summer of 2018, when you took office . Let me echo your thanks, certainly to dr. Jones and the president for ho