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Brouilette will deliver remarks. Good morning, we have seen time and again how technology has transformed our lives and unleashed new challenges and opportunities as we think about a new future for the United States. 2003 was a period of change, 17 years after our founding, our Council Members recognized that the nation stood at a particular inflection point. We needed significant change to enhance our innovation capacity and that led to the pioneering work of our National Innovation initiative. Another 17 years later, here we are again, finding ourselves at transformational change. Throughout the day as was mentioned, were going to hear stories about these changes as theyre foundational to our commission on innovation and competitiveness front tiers. The commission is a multiyear effort to reimagine americas innova ....
About a new future for the United States 2003 was a period of change 17 years after our founding we recognize the nation Inflection Point with significant change which led to the work of our National Innovation initiative and now another 17 years later here we are again. Once again finding yourselves in a transformational change. To hear stories about these changes as they are foundational with innovation and competitiveness the commission cochaired is a multiyear effort for americans innovation potential to have a new path and the 21st century. And as this slide shows a little less than a year ago of poor leadership we begin to build this effort and by august pulled together a powerful and diverse set of commissioners from across the country from industry and academia and the labor union and today is the 2020 road ....
Die. Thats the mantra so many businesses out here. The tsunami of invention disruption reaches far beyond this intense city and the valley that abuts it. The storm clouds darkening the fortunes of others in the inevitable riptide of creative destruction. The reverberations rattle whole industries with a wake so brutal they often determine the direction of stock prices in whole segments on a day where the dow dropped 55 points, s p lost. 16 and the nasdaq decreased. 24 lets just deal with the news. Take the biggest stock news of the day, the possible combination between shop and Td Ameritrade with the former buying the latter in a 26 billion combination that would create what might be an unbeatable 5 trillion online colossus these two companies have been sworn opponents ever since electronic trading became the way of the future more than 25 years ago. They have been in a battle for assets come on, its been incredible. And assets and ....