Melissa president obama expected to speak in minutes from his cybersecurity summit at stanford. Apple ceo tim cook is one of the headliners. He is at the podium right now. But president obamas other ties with Silicon Valley might be getting a little frayed at edges. Mark zuckerberg, marisa mayer, eric schmidt, larry page all passing on the president s invitation. These were the same folks shelling out maximum contributions to get him elected go years ago. Here to discuss all of it, our very own Charlie Gasparino. Geraldo rivera is here, host of geraldo at large. Dan henninger, deputy wall street journal editorial director. What a panel for friday or any day. What do you think of the folks in Silicon Valley dan, not going to the cybersecurity speech . Sound like they are marking down Barack Obamas capital out there, as something to do with the fcc and Net Neutrality but the cyber speech, i think, on paper, if one might say that in digital age, make as certain amount of sense. But he is
Breech is estimated to be close to 6 million. Attacks have hit sony and anthem, and retailers i think that people should buy into this. Congressman Eric Swalwell sits on the house intelligence committee. There are very bad people that want to do thing thats will hurt us financially and personal security. Saying an inlt National Approach may be needed similar to the dawn of the nuclear era. It took decades to figure out rules of the road with the soviets. And to manage this technology. No Single Company or organization can accomplish this on its own. As mentioned several tech executives were absent if the summit. Mark Zuckerberg Marisa Mayer and here is why. They reportedly turned down invitations because of tension with the Obama Administration over privacy issues. The president did get a chance to meet with some stanford students today in a private discussion. Reporters ushered out after this photo op. The white house wont say what they talked about but president couldnt resist making
The president called cyber space the new wild west where everybody wants the government to play sheriff. Well have more on that in just a moment z we begin with a visit to a conference featuring a whos who of Silicon Valley movers and shakers. Its been an all day event. He signed a executive order to make it easier to exchange threat information and then sat down with ceos for a private round table the president came to stanford to initiate a partnership to Work Together on fighting crime, joking how hes been lax in choosing guest pass words. Its just too easy to figure out user names and pass words like pass word. Or 1, 2, 3, 4, 5, 7. Those are some of my previous pass words. The after rentaling cost of a breech is estimated to be close to 6 million. Attacks have hit sony and anthem, and retailers i think that people should buy into this. Congressman Eric Swalwell sits on the house intelligence committee. There are very bad people that want to do thing thats will hurt us financially a
The biggest gainer is the qqq, the nasdaq etf. China with an aggressive move allowing more flexibility. It is soars today, as you would imagine, up more than 4 . Bob, its a good rally, but were not quite getting back what we lost on friday right . But if youre not confused about the action the last couple days i dont think youre paying attention. We are down 280 points on friday. At one point today we were almost on the verge of getting it all back. Put up that twoday chart. Were basically almost back to where we were. Lets not quibble. The point is whats going on . Why is this happening . Ive asked many traders this morning how to explain the last two days. No alternatives to stocks bob. Theres no reason they should have been down on friday. Chinas going to stimulate other people are saying bob, its an illusion. No matter what its true i think mand,is right, china has been sending some mixed signals recently. By the same time on friday they came out and banned margin financing, theyre
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