Well also hear from the defense departments Deputy Principal cyber adviser. This is just under an hour. [applause] well, thank you very much and welcome back from lunch. If those who are in the exhibit hall, if you could begin to move back, we would greatly appreciate it. I want to give a special thanks to Northrup Grumman. So Jennifer Walsmith and chris valentino, i know, are here. If you could raise your hands . Jennifer is here and chris from Northrup Grumman, i want to give a special thanks to them for this lunch sponsorship. [applause] i also want to thank them for their seven years of sponsorship and support which has been greatly, really a key reason for us being able to host this forum with the government, military and to be able to do this now for the tenth year. So thank you very much. I want to just also point, give to your anticipation, please, on your seats are fliers that describe the next years event, september 8th and 9th at the Marriott Wardman park. So that will be se
Special thanks for this lunch sponsorship, and thank you for seven years of their sponsorship and support which has been greatly really a key reason for us being able to host this forum free for the government and military. And to be able to do this now for the 10th year. So thank you very much. I want to just also point to your, give your attention on your seats. There are flyers that describe the next year event, september 8th and 9th at the marriot. For Corporate Executives that are interested, a series of quarterly leadership meetings. Were in the third year of that. If you look at the flip side, youll see the corporate members include cisco, aws, raytheon, hp, google cloud and others. If youre interested in that, let us know. Id also like to recognize and express our appreciation for the Advisory Board members. Ill list those once again as theyve been very helpful. Brett scarborough from raytheon. Dan prietto from google cloud. General gregg tuhill, brad maderi. Matt berry. Dave l
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Week the s p is tracking for a third week in a row of losses, down 1. 3 nasdaq futures up 73 points. Weve got a lot to talk about on a summer thursday. Our road map starts with earnings walmart posting better than expected results fellow down component cisco gets a lift, beating with its Quarterly Results and talking up a. I. Ceo Chuck Robbins will be joining us here. Plus, investors continuing to digest fed minutes released yesterday. The tenyear note yield hitting a fresh high were going to begin with walmart, raising fullyear forecast the retail giant benefitting from customers seeking bargains. U. S. Comps up by a better than expected 6. 4 and ecommerce jumping 24 led by pickup and delivery theyre clearly taking share because theyre out comping their competitors and the industry theyre crushing it i want to straighten some things out here when you have ecommerce up 24 , when you have advertising, which is just free money, what are the Gross Margins there, 35 , much higher margin. F
Fast money. We are live. Lets begin with the great rate rall. Rising as high as. 33 . The move taking a toll on stocks. The dow down 290 points, the latest index to move below its average. It is the first time it has done that since first, so is there any end in sight . I thought actually markets did okay, considering the huge climb. It is interesting. I know for a fact that miley cyrus is a huge fast money fan and one of her hits is called, the climb. This is not what you want to see. The rates are going higher. Events are going on globally. We are at levels we havent seen in quite some time. I have looked at it and i think we are about to break through a forty year downtrend in yields. To me, it will be very negative. You are right, the stock market sought off late. We are at levels at the s p we topped out at last year. There should be support but if yields continue to move like they are you moving, there will be ramifications. I think they will top out next week. Everyone has gotte