This Atlantic Council event is about two hours. Director of the cybersecurity and if a Structure Agency at the u. S. Department of Homeland Security and principal associate Deputy Attorney general at the u. S. Department of justice. Going to go through some questions and we will have time to take questions for b i wonder if you could get us started. Talk through some key framing assumptions for the strategy. What were two or three places you wanted the team to focus on shifting the debate. To talk to you. Strategy. There are some fundamental shifts as you recognized in the strategy. First we have to start with what we wanted cyberspace to look like. What are we trying to achieve, what is our northstar . That is to have a defensible resilient Digital Ecosystem that is aligned with our values. That is what we are trying to achieve. At bottom our constituents are American People. How do we do this for in American People and at its core, it is reliant, significantly rely on collaboration a
president zelensky has warned the destruction of the dam risks leaving hundreds of thousands of people without healthy water. extensive damage has been caused to buildings and farmland. the united nations has said the breach of the dam is one of the most significant incidents of damage to civilian infrastructure since the start of the russian invasion, and will have grave and far reaching consequences. moscow has denied destroying the dam, which it controls, instead blaming ukrainian shelling. the pictures you can see there are from one of the towns, these are coming to us live as a sum of the residents look on and i think one of the rescue boats, dinghies, hasjustarrived, and i think one of the rescue boats, dinghies, hasjust arrived, and and i think one of the rescue boats, dinghies, hasjustarrived, and i presume this is part of the evacuations that have been taking place for hours. our first report comes from jon donnison. breached, the nova kakhovka dam, now almost unreco
Bespoke. This is how i want to kick off the conversation. The last four septembers for the s p 500, 2020 were down 4 . 2021 down near 5 . 2022 down more than 9 . 2023 down more than 5 . That sounds bad. The last three q4s, 2020 up almost 12. 2021 up almost 11. 2022 up 7. 2023, question mark. Do we have a repeat . Does history repeat itself . Do we have a good Fourth Quarter for stocks . I believe it will be a positive quarter. Ive said that on air. You have significant quarterly weakness, well talk about the reasons why in a second. I do think the prevailing trend of 2023 takes hold once again, and its led by mega caps. Its led by technology because in this environment, they are the companies that represent quality. They are the companies that can endure with a 30year treasury trading 4. 70 as you come on air. Thats why were seeing the s p in retreat right now. Coming to the quarter end, youve broken below the 50Day Moving Average, below the 100Day Moving Average for the s p. You took
Positive by 0. 5 . It is all about the calendar this week, all about the tech earnings. Tuesday, tomorrow, tesla. Wednesday, meta. Thursday, google and microsoft. Lisa its going to be interesting to see whether even a beat is a disappointment to market because so far that has been the tone. Weve gotten the biggest selloff going back to late 2022. Have we already priced out that potential disappointment set out for a positive upside surprise, or is this a pivot point at a time and a lot of uncertainty . Jonathan lets talk about tesla. Downline 2. 4 this morning. More than 40 yeartodate and we start this week with another round of price cuts. Annmarie a string of bad news is coming to tesla and some tomorrow they are supposed report first revenue decline in four years. A challenging Earnings Call for elon musk. Not just the cuts. Across the board, china, europe and the u. S. , but also the job cuts. The fact that they are trying to basically pin the future on this robotaxi that remains a
Good morning. Welcome to Worldwide Exchange. Im wilfred frost. Im Courtney Reagan lets get to the Global Market picture declines yesterday, albeit just slight declines, between 10 basis points and 20 basis points we are still up week to date coming into today, a quarter percent. It looks like well add to that, about 26 points higher on the dow this morning the story of the week has not been equities so much as bonds significant move higher in yields especially in the long end weve seen a steepening of the curve in the last couple of days we did not quite hit 2. 6 on the tenyear yesterday we reached 2. 597 the rise in yields has since abated since the peaks of yesterday. 2. 54 we stand at today significantly higher than fridays close look at the trading action from around the world. Starting in asia a mixed picture in asia. Mainland china did see equities turn in higher at the end of the session. The nikkei was down 0. 3 , as was the cob p kospi was down a half percent. The shanghai log