The committee will come to order. Thank you all for being here. Id like to thank the Ranking Member senator white house and the collaborator its great to be here and doing this together. I was just saying i told him that it would be nice to have the answers because hes a tough questioner and he will take you to task. Id like to thank the witnesses for your attendance and also highlight two empty chairs today which i say that he invited witnesses who apparently dont share your commitment to discussing the issues. One is for tiktok. If you dont know what tiktok is, you should. Its a chinese owned social media platform so popular among teenagers mark is reportedly spoofed. For facebook the fear is lost to social media market share and for the rest of us it is somewhat different. A company compromised by the Chinese Communist party knows where your children are, what they look like, with their voicewhat theirvoices sound like watching and what they share with each other. They claim they do
We have more on his appearance, plus reaction. And the huawei perspective. We get thoughts from the chinese telecoms Carrier Business Group on 5g, securities concerns and more. But first, our top story. Ibm fell as much as 6. 5 , the most since october 2015. This comes after the fifth consecutive quarter for posting slower sales. Joined by my am guest. Lets start with the top line decrying. Is there not enough growth from red hat to offset the cost in that core business . Yes. Frankly, this is a question of one word, which is expectations. There are a lot of expectations for red hat that paid a lot for the Company Going forward. If you look at ibms core business, they are managing it for profitability as best they can. But the Global Services segment has historically been a profit driver and a cash cow. But you have to remember as people build the hyper cloud they moveture, as more of the cloud, there needs to be in the Core Technology space that change. They will need to drive efficie
And now its time for economic news, the board of directors of the central bank has set tariffs for operations with the digital ruble. Transfer payments in such a currency will be free for citizens; the commission for businesses for paying for goods will be three tenths of a percent of the payment amount. And for the transfer between legal entities you will need to pay 15 rub. Tariffs will come into effect on january 1 , 2025. Until that moment , all operations on the platform of the bank of russia will be free of charge. In august, for the first time in the year, the russian budget will receive oil and gas superfluous revenues. Additional revenues will exceed 73 billion rubles. This was reported by the ministry of finance according to the budget rule, if oil and gas revenues are higher than the baseline, the department begins to buy foreign currency by september 6, they plan to purchase a volume of 40 and a half billion. The amount was formed from the expected windfall minus funds prev
, although the secretary did not offer specifics. The former secretary of defense chuck hagel warned that unless the next u. S. President makes it a priority to sit down with a vladimir putin, the two nations could find themselves drawn to a cold war style buildup. The next u. S. Leader needs to swallow their pride and personally sit down to deescalate tensions. The minister of defense announced the first buildup of personnel since the cold war ended 25 years ago. The increase in troop strength comes amid a new russian threat and political military turmoil. And now joining us to speak about antiterrorist efforts in israel is defense News Israel Bureau we happy to have you here. Bithave reported quite a about the discovery of tunnels extending into israel from southern gaza. The tunnels were built by how maas, the designated terror organization. They were built as strategic weapons to be used against israel. It is important to note that these sunils are not new. They use them to strateg
His face. She says police told her they couldnt prove her sons injuries happened at tobin world. Meantime, the teachers aide arrested for this abuse remains in richmond. The 26yearold is being held on felony child abuse chashlgs. Towers mother opened the door but does not want to answer questions about her daughter who could be areigned as soon as friday. In antoch, laura anthony, abc 7 news. Oak labd police need your help finding this man. They believe hes a gunman who was involved in a shootout. The man seen was shooting off three rounds and ran away. She has been released from the hospital. Police are asking anyone with information to call them. This afternoon, a San Francisco jury found a man guilty of hate crimes around town. Prosecutors say 62yearold john shi nel used orange spray paint to write no more chinese on properties in the Bayview District back in september. Surveillance video led investigators to the distinctive white pickup truck. They found the orange spray paint used