Good morning, mr. Chairman. I think the witnesses for coming this morning. An incredibly issue an incredibly important issue we need to care about and make a policy on. Your meeting to discuss the state of cybersecurity and the grid and the continuing threats facing Americas Energy infrastructure. We continue to see increasing threats to the grid originating both at home and abroad. And glad to see the doe firm and others taking steps. Our energy grid serves as the backbone to our economy, Touching Every aspect are our lives every aspect of our lives. Reliable grid is crucial to the National Security and a clean energy future. For lawmakers to enable innovative advancements that we can improve the security and reliability of our electric grid, we must work on a bipartisan basis. And, actively engage with leaders as we are doing today. The modernization and innovation of our Energy Infrastructure is already underway. What was once a oneway Delivery System has evolved to a Dynamic Networ
Painting a rosier picture of economic fundamentals. Joining us is david zervos, looking sharp with the new haircut. David, what do you make of the fact that we have bounced back pretty nicely . Yesterdays reversal and some followthrough today what does that tell you . I think the trade tensions are definitely a story summer liquidity is the story. It was a pretty aggressive 200point plus move in the s p and the interesting thing from the price action for me is the rate market. The rate market had an incredibly large move. One of the largest weve seen in a while and it really hasnt come back off that much. So while stocks have rallied back, you would have expected maybe rates would have sold off a little more, risen a little more and they havent. So this is maybe telling you more that people are getting comfortable with a fed view that is cuts are coming and probably more cuts are coming than people had been nervous about with the meeting. You know the important thing in that answer, da
Subcommittee will not come to order. The chairman will now yield five minutes to my great friend. From california. Five minutes. Thank you for getting me the five minutes. I think the witnesses for coming this morning. The incredibly important issue when it came out and make good policy on. We are meeting today to discuss the state of Cyber Security and the continuing threats facing Americas Energy infrastructure. We continue to see increasing threats to the grade originally both the home and abroad. Im glad to see the doe and others taking steps to address the growing dangers followed by nefarious actions. Our energy grid serves as the backbone of our economy. Touching every aspect of our life. A reliable grid is also crucial to our National Security. We can improve the security and reliability of our missions electric grid. We must work on a bipartisan basis and integrates with Industry Leaders as we are doing here. Fortunately the modernization and integration of our Energy Infrastr
Subcommittee will not come to order. The chairman will now yield five minutes to my great friend. From california. Five minutes. Thank you for getting me the five minutes. I think the witnesses for coming this morning. The incredibly important issue when it came out and make good policy on. We are meeting today to discuss the state of Cyber Security and the continuing threats facing Americas Energy infrastructure. We continue to see increasing threats to the grade originally both the home and abroad. Im glad to see the doe and others taking steps to address the growing dangers followed by nefarious actions. Our energy grid serves as the backbone of our economy. Touching every aspect of our life. A reliable grid is also crucial to our National Security. We can improve the security and reliability of our missions electric grid. We must work on a bipartisan basis and integrates with Industry Leaders as we are doing here. Fortunately the modernization and integration of our Energy Infrastr
Subcommittee will now come to order. I want to thank all the members and the witnesses for appearing before the subcommittee this morning. The chairman will now yield five minutes to migrate friend, mr. Mcnerney from california for five minutes. Good morning, mr. Chairman, i thank you for yielding me the five minutes and i thank the witnesses for coming this morning. Its an incredibly important issue that we needed to care a lot about and make good policy on. Were meeting today to discuss the state of Cyber Security in the grid and the continuing threats facing Americas Energy truer. We continue to see increasing threats to the grid originating both at home and abroad. Im glad to see the doe and ferc and others taking steps to address the growing dangers posed by nefarious actors. Our energy grid serves as the backbone of our economy Touching Every aspect of our lives and a reliable grid is also crucial to our National Security and for a clean energy future. For lawmakers to encourage