Thank you. And i think we have a short break and then christian will kick us off on the next panel in a little bit. Thank you. Thank you. Ill do brief introductions and briefly discuss the goals of the panel. To my immediate right the Senior Vice President from trust usa. Next over, pierre from the Homeland Security from the embassy of the republic of france and also senior fellow with the sentder for cyber and Homeland Security and to my far right, assistant secretary in the policy of the department of Homeland Security for border immigration and trade policy. Were also supposed to be joined by tom bush from the Transportation Security Administration but he had an illness that came up this morning so hes unable to join us but well proceed with these three fine panelists and discussion of travel related issues and what we can be doing to prevent terrorists from exploiting the travel system in support of their objectives to carry out attacks in the United States overseas and our allies
Coming up, a house hearing on all t auto safety and a recent recall of cars. And then a hearing on domestic terrorism. The house senate and subcommittee held a hearing on whether auto recall regulations should be overhauled. This is two and a half hours. The committee will come to order. Good morning. I want to welcome everyone to our hearing today on examining ways to improve vehicle and roadway safety. I will recognize myself for five minutes for the purpose of an Opening Statement. Certainly lives depend on the safety of cars, safety of trucks and on the roads themselves of the united states. And on the whole, the data is good around the decrease in fatalities against mines driven, b miles driven will you the hearings have underlined the severity of problems that do exist and there is no reason for going slow when it comes to safety and deception cannot and will not be tolerated. It is incumbent upon us, the national Highway Safety committee and others to be in complianc compliance.
Sympathetic to what senator rand said. In this speech, which was part of his filibuster, he also cites my book and the argument is our liberty should be presumed to be valid and government should only restrict it if they have a good reason and if they have reason, they should be able to show proof and facts, which they were unable to do with the bake shops. This is the fourth in a series of 12. What weve done if you want to learn more about these cases, if youre learning like we are and youre not a law, we have a book available for you that were selling at cost. It is written by tony morrow, 12 cases we selected for the series. If you go to cspan. Org landmark cases, you can find out how to order it and we have people ready to ship it out as soon as possible so you can follow our series. Let me say thank to you our guests for helping us understand lochner versus new york. It was a pleasure. Our landmark series cases continue next monday. Our landmark case is scheneck versus united stat
Other indexes. And a new blend. Keurig Green Mountain agreeing to a buyout and those shares are absolutely soaring. Lets get straight down to the trading action this hour. Bob pisani is joining us from the flor of the new york stock exchange. How much of the stock markets drop is due to whats happening with oil and Energy Stocks . Oil and the fed are the two things motivating the market right now, but the problem is there is no trend and thats causing a lot of confusion in the last few days. Just look what the dow has been doing since thursday. Thursday the dow is down 250 points. Friday the dow is up 369 points. Today the dow is down maybe 200 points, we dont know where its going to end up but right around there. Is your head spinning . Mine is. And the Trading Community is having trouble figuring out where they want to go. Fed and oil two big things. You mentioned some big oil names. Theyre all down 2 , 3 . But were hitting a lot of new lows in some of the smaller names, particularly
11 . I know of two banks that have a combined Cyber Security of 1. 2 billion. Dhs is about 900,000,000, 75 of what two banks are spending by themselves. Cybercrime costs are nations and have chilly dollars a year. If were successfully prosecuting maybe 1 of cyber criminals. We need to spend more. Two, government needs to act with greater urgency. It took congress two years sorry six years to pass a sharing bill. In 2009 we present to congress with detailed recommendation on Cyber Security. In 2011, the house gop task force embrace the recommendations but four years after the house report, we still have not seen any substantial work on the top recommendation of that report or the executive orders. For example, the gao task report, and and the executive order all call for the creation of a menu of incentives. Yet aside from the informations sharonville, the president has not proposed, congress has not introduced, a single set of strategy bill. Last month it was reported that 12 of 15 sec