Good afternoon. Senator manchin, Ranking Member should be here shortly. He had a meeting off the hill. Thank you, senator blumenthal, for being here. Senator purdue, as well. We have a number of our other members who are joining us virtually today. Today, the cybersecurity subcommittee welcomes for the first time colleagues to present the findings of the Cyberspace Solarium Commission. Our friend, senator king, and representative gallagher. Theyre joined by fellow commissioner, retired Brigadier General, john c. Inglis. Welcome to all. Thank you for coming to discuss this important topic in todays hearing. I would like to extend my congratulations as well no Mike Gallagher and her wife ann on the recent birth of their birthday girl, grace. Good luck on your greatest adventure yet and all the amazing moments yet to come associated with it. I would like to recognize Mark Montgomery who serves or who served as executive director of the commission. Section 1652 of if ndaa establishes Cyber
Senator angus king and congressman Mike Gallagher. If i lived further north congressman al gore would be my member of congress. We are pleased to welcome Suzanne Spaulding who ill introduce people more formally prior to their also thomas fanning, two of the commissioners of the commission. First of all i want to thank the cochairs and that commissioners for the important work on the Cyberspace Solarium Commission. I think the end product is excellent. I think it has solid recommendations that a number of these are within our committees jurisdiction over the working hard to evaluate those and the ones that we can get them passed into law of these recommendations can be done through executive action. What id like to spend my time just enter my formal written state into the record, i just want to talk about two of the commissions recommendations. When i i got here in the congrs in 2011, cybersecurity was a hot issue. It still is. Its not going away. I remember the buzzword back ban is we
And the director of the center for strategy at the council and security. Last october, the skull cross Center Forward defense team reported on effective resilience and national strategy, lessons from the pandemic and the requirements for key medical infrastructure by distinguished fellow kramer. A Strategic Operational framework for effective resilience is the capacity to withstand shocks of a magnitude of a major pandemic, a strategic shot. Today, as President Biden confronts covid19, our report and recommendations on Health Security remain timeless. To discuss these issues i am , very pleased to welcome a variety of guests to our event. Our moderator will help frame the discussion. She will be followed by the report author, frank kramer cool present key findings. Jaclyn leavy, chris mcguire, on our Panel Moderated by the director of our former defense practice area, clementine starley. I would like to thanks speakers and the audience for joining us. In accordance with the legacy, it
Introduce people more formally prior to their also thomas fanning, two of the commissioners of the commission. First of all i want to thank the cochairs and that commissioners for the important work on the Cyberspace Solarium Commission. I think the end product is excellent. I think it has solid recommendations that a number of these are within our committees jurisdiction over the working hard to evaluate those and the ones that we can get them passed into law of these recommendations can be done through executive action. What id like to spend my time just enter my formal written state into the record, i just want to talk about two of the commissions recommendations. When i i got here in the congrs in 2011, cybersecurity was a hot issue. It still is. Its not going away. I remember the buzzword back ban is we have to do something about this. Weve made a number of attempts and quite honestly we made a fair amount of progress. My own sense is the bad guys, the people and often always have
Longer than what was initially anticipated. A long slog. You see stocks down 1. 3 . The small caps doing so well up six days in a row, now down 3. 2 . Crude oil is higher. A little bit of a relief rally from the brutal selling we had an oil for two weeks. Confirming the risk off tone, a rally for bonds. Investors taking chips off the table and moving to the sidelines, at least today. David a mildly risk off tone. Despite the abysmal economic numbers, we are down 9 . Are we still higher than we have a right to be . Abigail there is reason to think the markets may go higher. If we look at the rsi on the s p 500, it is nowhere near overbought. From what you would want to see is a set of lower highs. Youre just talking about the s p 500 numbers. It is stunning what we have seen in april. We may be down 9 from the alltime high, but in the month of april the s p 500 on pace for its best month since 1987. Much of this has to do with the big make a cap momentum strength. Around 20 of the index