mr. lahood: we ll come to order. without objection, the chair has authorized to declare recess of the committee at anytime. good morning and welcome to today s hearing entitled bolstering the government s cybersecurity: lessons learned from wannacry. i recognize myself for five minutes for an opening statement. i want to welcome the witnesses here today and welcome chairman smith, oversight subcommittee ranking member lipinski, our expert witnesses and members of the audience. cybersecurity, a concept we hear mentioned frequently, especially in this period of rapidly emerging threats, is an ever-evolving concept. maintaining an effective cybersecurity posture requires constant vigilance as new threats emerge and old ones return. too often, however, when we hear about the importance of cybersecurity, we are left without concrete steps to take to ensure or systems are best positioned to defend against emerging threats. one of the goals of today s hearing is to learn about rea
today remarks by joseph dunford on military issues including the ongoing dangers of is isis, cyber war fair and recruiting and up strengthening the u.s. alliances. they will speak at the national press club. we will come to order. without objection, the chair is allowed to declare recess at any time. good morning and welcome to today s hearing entitled, bolstering the cyber security: lessons learned from wannacry. i want to welcome the witnesses here today. and i would also welcome chairman smith, oversight subcommittee, ranking member buyer, research and technologies committee chairman abraham. research and technology ranking member lipinski. members of the subcommittees, our expert witnesses and members of the audience. cyber security, a concept we hear mentioned frequently, especially in this period of rapidly emerging threats, is an ever-involving concept. maintaining an effective cyber security posture requires constant vigilance as new threats emerge and old ones re
carol: megan murphy, in the economic section, you look at oil and the discussion of peak oil. maybe here sooner than we thought? megan: we invert the theory of peak oil which is usually focused on supply. what the story talks about his oil demand is peaking sooner than a lot of governments, a lot of executives may have thought. that is down to several factors. electric cars are really gaining in popularity. china s growth has slowed and there is pushback on a mission for cleaning up the environment. that has led to a quicker slowdown in demand for oil, obviously coupled with extraordinarily low prices. that is pressing on the demand side of the equation. oliver: what i thought was interesting is that when you think about potential peak demand for oil, there is a lot of cataclysmic theories you can come up with because so much of the world s biggest powers rely on that for income. in the story none of these institutions really seem too alarmed about it yet. megan: i think it w
this is the cbs evening news. mason: good evening. i m anthony mason. we begin tonight with a threat to america s security from hackers sponsored by foreign governments. in an exclusive interview today, cyber-security czar rob joyce told us the u.s. is lacking 300,000 cyber-security experts needed to defend the country. and he had a warning for the public about using software from kasperky labs. u.s. officials believe the company has ties to the kremlin, and the federal government has vowed not to use its products. more now from homeland security correspondent jeff pegues. reporter: cbs news has confirmed that f.b.i. officials have met with private industry representatives to relay concerns about kasperky lab, a moscow-based cyber-security company with suspected ties to russian intelligence. f.b.i. agents have interviewed kaspersky employees working in the u.s. don t use kasperky lab products. reporter: you don t. rob joyce, the nation s cyber-security czar, is warn
bloomberg s european headquarters in london. i m francine lacqua. let s get to the markets, global equities holding near a high for the year. 600.is a picture for stoxx i wanted to show you automakers. folks like an volkswagen s market share reached a low. we have been talking about it all week. it did see a little bit of weakness. a sign of relief for governor kuroda. let s get straight to the bloomberg first word news with nejra cehic. nejra: thanks, francine. goldman sachs is said to be advancing on its biggest cost-cutting pushing years. according to people with knowledge of the effort, ceo lloyd blankfein is calling for the push which includes firings and curbs on travel and entertainment expenses. bonds are inyield the midst of their worst two-month selloff since 2014. investors say they have yet to fully price in the risk of default. speaking in washington, the governor of immediacy set of corporate debt burden is heavy, is not veryrage high. federal reserve bank of