172. Of course the jobs number and the wage component of that jobs number is the big story of the day. Some are arguing its putting a march rate hike back on track. Well have to see about that. Nech linkedin now almost a 40 decline. Profit and revenue actually beat estimates, but the forecast for 2016 was weak. And that is pressuring the stock this morning. Jo jon, ill turn to you first. There is no mercy this time away. There isnt on linked in. But i want to broaden it out first and say i see nine tech stocks that i track. Sizable stocks down 9 or more this morning including workday sales force, Palo Alto Networks, net sweep, workday, splunk, linkedin, tableau. So this isnt just a linkedin story. It seems like perhaps an speaker prize spending story. We heard a little bit about this from your more traditional players from intel. And now there seems to be even among these momentum names some of that same Enterprise Spending story between linkedin and tableau, hearing about existing cus
President obama will unveil an executive order on immigration policy tomorrow night offering temporary legal status to undocumented immigrants. The measure could provide permits for up to 5 million people. You will have live coverage at 8 p. M. Eastern on cspan. A house panel looks at the technical and Security Problems with the healthcare. Gov website. We will hear from the chief Technology Officer todd park korea congressman paul brown shares the subCommittee Hearing. This hearing on the committee will come to quarter. Without objection the chair is authorized to declare recess of the committee at any time. Good morning and welcome to todays hearing. In front of you are packets containing the testimony, biography and the truth and testimony disclosure for todays witness. I recognize myself for five minutes for an Opening Statement. I want to thank my colleagues for being here today and i want to especially thank the witness for his presence. Weve been waiting a very long time to be a
Subject to the subpoena, so another hear beiing may well be necessary. I want to thank dr. Paul brown for his tireless efforts on this subject as well as so many other subjects that have come before this Sub Committee. We appreciate his Public Service and his dedication over the years to his constituents, to congress and to our country. So chairman brown, thank you, again, for all youve done. We appreciate all your great work, and i look forward to todays hearing. Thank you, mr. Smith. As i announced earlier, mr. Swaulwell will be joining us in a bit. And he will give his Opening Statement at that time. And then ask his questions in due order. If there are members who wish to submit additional Opening Statements, your statements will be added to the record at this point. At this time, id like to introduce todays witness, mr. Todd park, the former chief Technology Officer of the united states. An assistant to the president. Prior to this role, mr. Park served as chief Technology Officer
Subject to the subpoena, so another hear beiing may well be necessary. I want to thank dr. Paul brown for his tireless efforts on this subject as well as so many other subjects that have come before this Sub Committee. We appreciate his Public Service and his dedication over the years to his constituents, to congress and to our country. So chairman brown, thank you, again, for all youve done. We appreciate all your great work, and i look forward to todays hearing. Thank you, mr. Smith. As i announced earlier, mr. Swaulwell will be joining us in a bit. And he will give his Opening Statement at that time. And then ask his questions in due order. If there are members who wish to submit additional Opening Statements, your statements will be added to the record at this point. At this time, id like to introduce todays witness, mr. Todd park, the former chief Technology Officer of the united states. An assistant to the president. Prior to this role, mr. Park served as chief Technology Officer
German bund got to nearly 80 basis points. Oil relatively flat. The tenyear hit 2. 30. The rising vix, some of these yields went bananas around 6 00 a. M. Eastern. Because of the percentages and how low they are in germany, you have a little change in germany, its a dramatic rate increases. People are losing fortunes. Now its 2 trillion in two weeks. When people say why are some of our stocks down look at the pain. People believe negative rates would get more negative even though there certainly was this risk. Yes. That was just dead wrong. We are seeing one of the things i think is just shocking to me is this dollar. The consensus was the dollar was in parity all these things you heard. Dollar you better get to europe quickly. Im booking that amalfi coast trip now we ought to hear about alibaba. They turned the s p futures. Lets do that. Alibaba shares are up in the premarket after the companys earnings did beat expectations. Also the Company Announcing its current chief operating off