First lets go right to bob pisani for more on the market selloff today. We are off the lows but just barely 3366 was the low today, 3381 right now. Lets not quibble about a few points the damage is pretty widespread, but the general theme is cyclical stocks and stocks most associated with reopening stories are having a tough time of it. Energy, oil down about 3 at 1 , banks, which had a good time last week not starting off the week well, industrials, another cyclical group and defenses will sectors like utilities and staples all down sap dropped as much as 21 over in europe here they cut their revenue forecast for the full year they expect a fresh wave of lockdowns to hurt demand through the first half of 2021 first off, first half is alarming but just the idea that general airically t general ai generically, people are betting its a broader more than stock specific so we have no stimulus right now of any term, near term, long term, any term we have a reopening story thats going rather
But also a very special welcome to our cspan audience who will be following this event on cspan2 today, and were delighted to have you here, if only virtually, and delighted to have everyone who was been ablo participate in this discussion. This i think is going to be one of the most interesting and significant events that weve done here at hudson, particularly given the fact that we are less than a week away from the election when so many of these issues that were going to be talking about today, the question of what america is going to do, where americas going to go from here, those issues are going to be decided very, very soon. And so what happens in our discussion here i think will help us to understand as a guide to what takes place, regardless of who it is who will be sitting in the oval office come january january 21. I want to say a few words about our distinguished guest. Robert obrien was born in los angeles and graduated from the university of california berkeley with a law
To participate in another proceeding please exit this one and like back in later. Any that a member encounters technical issues that prevent them from being recognized from their questioning i will move to the next available member of the same body and will recognize the member of the next appropriate timeslot provided they have returned to the proceeding. In the event the witness loses connectivity during testimony or questioning i will preserve their time as staff address technical issue. I may need to recess the proceedings to provide time for the witness to reconnect. Finally remembered to remain muted until you recognize to minimize background noise. Over the last few months the outbreak of covid19 has led to an unprecedented Public Health crisis and creating a dire economic crisis for small firms. Three out of four businesses are experiencing a decrease in revenue and over half of Small Businesses are concerned about being forced to close. Small businesses across the Food Supply
Washington publishers. We do a lot of deep dive coverage into policy areas, including defense and health and energy environment, and cybersecurity kept popping up. This was in 2012 or so. We started looking at taking a deeper dive into it and myself and a colleague started to investigate. We decided to start a new publication called inside cybersecurity that with a focus on the development of cyber policy. That wasnt that long ago but it really was the stage of creation for a lot of this. I think president george w. Bush was the first one who really started getting into cyber as a major policy area, and then it just exploded under the Obama Administration. It was cutting across a different issue areas that we decided to create something that would give readers an idea of where the policy arc was going. We covered it through the Second Obama Administration into the Trump Administration, and a lot of the book, i wrote an earlier book called hacked which was about cyber during the obama y
We want to show you what i would like. It looked like this. And wildfire lore in science, where there is a smoke column, you will almost find a fire at the bottom of it. The current problem in napa county, lots of smoke column, some small, some enormous. The robert craig winery is only about two miles from the center of this town. Here, fullcourt ground and air assault is underway. They drop bucket after bucket after bucket of water blaming brush. Firefighters are concerned that this fire is going to get up and angling, it is going to have to come up through this valley. And they are doing everything humanly possible to keep that from happening. Another major problem, this area has already burned once, but not hot spots are flaring up. And next to the hospital, almost an unlimited amount of burnable fuel. Even as firefighters battled fires all around, and gusty winds from the red light morning bearing down, essential repairs were going on. Here outside of santa rosa, concrete barriers