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June 29, 2024
[inaudible conversations] good morning now the executive session is complete data reaches not a new issue weve been focused on the consumer that was before i was elected to the senate. The breach is what many would consider to be the high profile breach with a number of investigations from the federal and state authorities. This was originally created by equifax so in terms of the trajectory the major did reach you could say we could come full circle. Congress paid close attention to the dative ...
June 29, 2024
Chair good morning, now that our executive session is complete we turn to the issue of data breaches. This is not a new issue. The committee has been focused on the Consumer Impact since before i was elected to the senate. The september 2004 choice point breach was considered to be the first highprofile data breach in the modern era prompted investigations from this committee and state authorities. Choice point was a data Aggregation Company originally as fateby equifax who would have it is repr...
June 29, 2024
Chair good morning, now that our executive session is complete we turn to the issue of data breaches. This is not a new issue. The committee has been focused on the Consumer Impact since before i was elected to the senate. The september 2004 choice point breach was considered to be the first highprofile data breach in the modern era prompted investigations from this committee and state authorities. Choice point was a data Aggregation Company originally as fateby equifax who would have it is repr...
June 29, 2024
Included the current and former ceos of equifax, the credit agencies that reported a cyber attack involving as many as 143 million consumers. This is two and a half hours. Chair good morning, now that our executive session is complete we turn to the issue of data breaches. This is not a new issue. The committee has been focused on the Consumer Impact since before i was elected to the senate. The september 2004 choice point breach was considered to be the first highprofile data breach in the mode...
June 29, 2024
Rishaad asia stocks under pressure, but Global Equities are at record highs. Lets bring up chart 5892. Ly is all amid this extreme low volatility. It is the worlds best regional rally in turquoise. The 60 day volatility in the white line has dropped 5. 9 to the lowest since 1988. In line with u. S. And europe, and the vix markets hitting new lows. The calm, but no storm, at least for the time being. Pause. May be a muted at lofty highs when it comes to emerging markets in asia, japan in particul...
June 29, 2024
Rishaad they are coming out of the bottom of the hour, half past 9 00 beijing time. Production retail sales, lets put all of this into context. We have seen the movie gradually to the downside as we chart this of the last five years. Recovery flatlining. 10. 3 growth. Industrial production for china slipping through 6. 3 . In september. That they are falling just below what was anticipated by the environmental factors. Winter is coming, they are facing more curves to improve air quality. Slightl...
June 28, 2024
It is daybreak australia, two hours away from the opening of the first major markets. P. M. it is just past 6 00 in new york. We will be looking at key Economic Data over the weekend and how that will play into the asiapacific trading day. Lets recap how the u. S. Markets closed on friday. A reminder, estimates softer, personal spending numbers also weaker than expected. The dow falling 40 points, the nasdaq and the s p all closing lower, but fairly. Pretty much flat. Futures are trading, just p...
June 28, 2024
Foundations for a new eastwest trade route. Rishaad the weekend hackers may strike again on monday. At apples market capitalization in excess of 800 billion. If you add them up, you have a 8527,d capitalization, we are at roughly 3 trillion. Quite something. That is what we have at the moment. Some people saying these five have too much clout when it comes to soft power and real power with the amount of data they have at their disposal. The tech names pushing higher with the rest of the market t...
June 28, 2024
Secretary wilber ross are scheduled to meet in washington. Topic is trade. Cyberattacks. The countries, 200,000 the weekend. Other about who he was hit . We had people from Healthcare Telecom and Car Manufacturers manufacturers. In terms of france we had car to shut downad production at a number of plants this. To mitigate theres a disruption in germany on the trains and Telecom Companies reported some disruption in their services. Whenever a hospital gets thats a serious business. How sophistic...
June 28, 2024
News of another recall, 2. 7 million airbags. Jamie dimon has a warning for investors and all amazing policymakers. Rishaad china may offer new implications. Are on the cusp of the u. S. Earnings the season. Having a look at one thing. Taking a look at perhaps could be happening here. 2459, this chart is looking at corporate profits, suggesting we could see a slowdown down worldwide in the second half of the year. All of this according to j. P. Morgan chase, going on to say that the global Produ...