Yellen live in an hour. First up, though, stocks in sellingoff mode away the world. Oil prices down sharply. Gold rallying to a one year high after yellen highlighted some of those risks to growth during ideas testimony on the hill but did not rule out gradual Interest Rate hikes. Shell be back there an hour from now, this time as we said before the Senate Banking committee. Some trying to argue this this morning is related to what she said. Do you buy that . I know Everyone Wants to be on fed centric, but im sitting here watching the rio tinto ceo basically saying this is it, were going to have a situation where not only the distressed players in the junior level and mid tier, but now the senior players will have trouble. Listen to bob did attituudley s fundamentals will kick in. Theyre more powerful than yellen. Yellen can be a force of calm by saying were just watching the world and we can talk about rate hikes when we have to, but were not going to talk about rate hikes today. Were
P. M. Eastern on cspan. Now, a discussion on cybersecurity and how the department of Homeland Security is changing to meet new threats. Panelists include leading experts from both government and corporations, followed by remarks from former National Intelligence director dennis blair. This is an hour and a half. [inaudible conversations] all right. Were going to kick start this. I know some are on break, but just given our time crunch, i want to make sure were able to cover enough time for panel to actually share some of their insights and thoughts. This is a bit of a, it coffers a wide range of issues from insiders threats to foreign counterintelligence to cybersecurity, but i think one of the things we hope to be able to do is show how they come together, where they do come together and where they dont. And, quite honestly, theyre treated as very pratt disciplines separate disciplines, but i thought we have a great group to shed some light on some of these issues. Firstly, let me int
My reaction was, if theyre that worried about it we should be that worried about it as well. I think focusing on the border is something thats very important. I think the economy i really do think that we need to have an immigration policy that understands and complements that promotes our commerce within the United States. We need to understand that immigrants are a very important part of our work force. I think that Legal Immigration can improve our economy can improve productivity, can result in increased jobs which will make Jobs Available for me citizens here in this country. I think there needs to be more of a focus immigration policy should be more focused on our economy, driven by our economic needs. We should have visas for skilled workers. We need in todays economy and todays security situation i think those are the two drivers of what our economic what our immigration policy should be going forward. What about a socalled pathway to citizenship . Well, i think pathway to citi
Talking about Migrant Workers tried to escape. When we say we are facing new slave traders, we are not exaggerating tried to imagine what happened three or four centuries ago. The same thing is happening north of the african coast. Cory up to one million refugees in libya right now are waiting to flee to europe. President Obama Meeting with the crown prince of abu dhabi at the white house. Security issues in the release are topping the agenda including negotiations to limit Irans Nuclear program. The unrest in libya, and yemen. New york fed president says he is relatively optimistic that a rebound of the u. S. Economy will want raising Interest Rates this year. He is not as confident about the inflation climate. The Unemployment Rate is still too high, and the inflation rate to low. Because the Economic Outlook is concerned about directly with normalization will occur. The timing is data dependent, so we will have to see what unfolds. Cory he says hes optimistic about the yesterday for
Cory still to come, whatsapp since its site on one billion users by the end of the year. We talk about the deal that never was. Some interesting comments from it you elon musk. But first, a check of your top headlines. As this could be valued at 1 billion despite world gas prices. According to people with knowledge in name matter. A company in canada they have been unloading gas assets to focus on heavier distillates and Oil Petroleum products. A strong earnings profit in the first quarter, just under 10 billion. Here is Ceo James Gorman on the earnings call. James gorman we continue to execute against the benchmarks previously established to and will remain focused on them for the duration of 2015. Cory he has been relying more and advising what we clients. Well, the fugitive who claims he has been owning half of facebook has been denied his claim of half of phase. Whatsapp now has 800 million users. It now has more users than any other messaging app including facebook messenger, but