Did it start with the discovery of that 12story White Building on the outskirts of shanghai. No, in fact, it goes back all the way to the dawn of the internet itself. And in 1967 when the arpa net was about to go up, that was the precursor to the internet, that was, you know, a network where all the contractors at the Defense Department would be able to, you know, talk with one another in their computer programs. There was a man named willis ware. He was a computer pioneer. He was the head of the Computer Department at the rand corporation, and he was also on the Scientific Advisory board at the nsa. And he wrote a paper, it was secret at the time. Its been declassified, its a fascinating document. You can look it up. He said heres the thing, heres the problem. Once you create a Computer Network, once you have access from multiple, unsecured locations, youre going to create inherent vulnerabilities. Youre not going to be able to keep secrets anymore. And so when i was doing my research
Trucks. Topping the previous high set in 2000. The reasons are the ones weve been telling you about, cheap gas, low rates on loans and a strengthening economy and job market. As phil lebeau explains, records were broken despite lukewarm sales in the final month of the year. Reporter americans bought new cars, trucks absuvs at a strong pace in december, though maybe not as strong as many on wall street expected. The major automakers boosted sales last month between 5 and 1 which was generally shy of what many on wall street were expecting. The one notable exception, General Motors increased sales 5. 7 in december and for the First Time Since 2007, gm sold more than 3 million vehicles in the u. S. With Interest Rates starting to rise and the expected Monthly Payment for auto loans expected to move slightly higher, some have been concerned that perhaps weve seen a top in auto sales in the u. S. , but analysts believe we should see Strong Demand continue for the foreseeable future. Were ac
This to do boaz presents his thoughts on libertarianism and discusses its popularity in the u. S. Today. We are excited to have with us this morning our speaker this morning david boaz the executive Vice President of the Cato Institute. Hes played a key role in the development of the Cato Institute and Libertarian Movement and is the author of this new book the liberitarian mind the manifesto for freedom, hes a provocative commentator and authority on domestic issues such as Education Choice and a very authorization of the secondary act, drug legalization, the growth of government, the rise of libertarianism. Hes the former editor of the magazine with executive director of the council for competitive economy. Prior to joining cato hes written lots of different publications of other books including the politics of freedom and the cato handbook for policymakers. Hes written many articles in the wall street journal, New York Times etc. Frequent commentator on national television. As an ex
Energy prices are likely to be a point discussed at todays fed meeting. The fomc is expected to turn off its massive Bond Buying Program while ensuring investors it will start ready to act should the economy be threatened. And we will have Steve Liesman joining us with the exclusives from the fe survey later this morning. The s p caseshiller index, consumer confidence, and Third Quarter housing data. As for earnings, among the names posting Quarterly Results before the bell, dupont just hitting the tape. Pfizer, auto nation, corning, when i will pool. Coming this up afternoon, facebook will be on Centers Stage after a market closes. We have the dow looking like it will open higher. Up about 11. 5 points. The nasdaq will open higher, as well, by approximately 24 points. Earnings per share, sales, 7. 5 billion. Revenue is 7. 87 billion. So its a different number. 7. 87 compared to 7. 95. So maybe just a little bit shy of expectations. But pretty close. And then for the year, the company
Yield. How much is the u. S. Government paying you . There you go. Crude oil which we have been taking a lead from. Ive got good stuff on crude. You do . Cant wait to get to it. We start with twitter. Sheriffs getting hit hard after the Company Reported Slower Growth and guidance. Not good for the rest of the year. A couple of dow components reporting before the bell this morning, as well. We are going to have headlines on two big names for you. Talking pfizer and dupont. Plus, apple and alibaba working together. Ceo jack ma hes not the ceo, hes the founder of alibaba. He speaks at length on that idea and well tell you what he had to say in a couple of minutes. Far from the ceo. Joe tsai is not even the ceo. Twitter shares are down sharply premarket despite posting revenue that doubled in the Third Quarter and beat street forecast. Q3 the number of users that logged into that service once a month rose 4. 8 . That represents Slower Growth compared to the prior quarter. In an exclusive,