Regarding microsoft. Some people did not like the quarter but now we have something that puts them right it not passing in terms of the growth google and facebook among a certain demographic that people want which is the 18yearold demographic. I go on tiktok and there is a good one right now about Federal Express delivering packages versus u. P. S. Versus the post office david, your kids may like it at the same time, its got a lot of viewers it does 80 million here in the states. Yes, one of mine does typically it does skew more female than male and the other one doesnt but this is a fascinating situation, guys, for any number of reasons unlike anything i can recall having seen in part because the government is so deeply involved inbasically dictating the potential sale of a business to one company. And it really ends up being one company. You know, as you guys know, ive been following this to a large extent over the last few weeks and it was a difficult thing to imagine. How would go
Thanks. The dow giving up its early gains. All three of the major averages are lower. Bob has more on these markets. Bob. Were threatening to go positive here late in the day. I want to show you though were down a bit, the sector lee leadership is still intact russell 2000, another good bay banks stronger and retail keeps going up i keep getting asked about this retail rally were seeing. We get these nice moves every day and some of the retailers, the macys, they are still 50 off of are they were in february these gains, yes, they are there but still big, big declines. New highs, were not seeing a lot of expansion waiting for break out is not really happening e bay and paypal, winnebego hit a new high thats interesting here. Lets talk about whats moving the market remember the buckets we keep talking about. The important thing is the reopening is still going well. The recent economic reports, the ism, the stimulus. Were hearing more from the ecb, more from u. S. , more from japan. Ther
Results of the survey so stay tuned. So let me set the stage for a few minutes on a project on cyber enabled Economic Warfare really got started. It really had its genesis back in the 1990s in discussions with incredible smart people at the Smith Richardson foundation that is sponsored this work, but the intersection of economic and security. In 1997 the Asian Financial crisis it, remember . Began in thailand and the contagion quickly spread to indonesia, south korea, malaysia, the countrys throughout the region. Foreign debt to gdp ratios rose over 180 during the worst of the crisis. Writes occur, governments fell. The causes of the crisis were varied but most experts think it was the combination of crony capitalism, and economic bubble flooding the market with cheap money, and a simultaneous slump in semiconductor values with the rise in u. S. Dollar. What would it mean to relations, taiwan and china . What would it do to radical groups . It was the malaysian Prime Minister at the ti
States have a good offensive policy. I think it was admiral rogers not that long ago within the last few months said just as much as that, that we dont have a good cyber offensive policy. We talked about it ed a inad infinitum in classified settings for the entire 10 years i was on the intelligence community. We could never get consensus to move to the next place what that cyber offensive is. As a personal note i saw the administration say they will make china pay for the consequence of the opm hack. I cant wait. I cannot wait to see what the heck that thing is. Candidly, im not too excited about whats going to be. We havent crossed that threshold to bring everybody in this room to deal with this problem. Long answer to your question i dont believe they can go extra territorial to what they perceive is a threat at that point. Thank you so much. Thank you if we can give a hand to the speaks. You can see how we can take many hours talking about that. We will roll into the next panel capa
So first up is the honorable juan zarate. My good friend. First ever assistant secretary of the finance. He served as Deputy Assistant to the president and deputy combatting terrorism. His phenomenal book treasuries war discovers the new economic era of war far. So thank you. Thank you very much. Thanks to all of you for coming. This is a wonderful turnout and wonderful event. I want to thank the hudson institute. Mark dube wits. Thank you for shepherding the authors in the production of this very important piece of work i think. I would commend all of you in the room and those watching online to pick it up and to read it. The contribution, at least from the other authors are incredibly important. And im honored to be here today, especially with steve and mike to discuss these issues. I want to thank sam, too. Because she gave me an opportunity to write more about some of the details i explored at the tail end of my that i think are critical as we look forward. I want to discuss with y