Together in friendship as well as in infrastructure. As this weeks infrastructure week, its a great opportunity for us to highlight the critical needs we have in this country. Senator inhofe tomorrow we will question secretary chao on the administrations priorities and its my hope todays hearing will be a productive lead into her visit. Last congress, the e. P. W. Committee led the charge to pass the fast act, the sixth highway reauthorization bill that i personally worked on. This was the largest one since 1998. Nobody believed we could get it done. Others thought wed get an 18month bill but senator boxer and i as the chairman and Ranking Member insisted on five years and it shows people of opposite different philosophies can get along and make wonderful things happen. However, the current investment is not enough to fully address our needs. The fast act authorization is about 305 billion over five years. Yet, according to the United States d. O. T. Report from this year, the backlog
Wind down. The ten year is still stuck around 2. 24. Opec is trying to deliver some more cuts at the meeting on thursday. Our road map begins with a major shakeup in the auto business. Ford firing ceo mark fields amid investor ease about the stock performance. Plus, middle east deal maker in chief President Trump is in israel this morning. This after signing a record arms deal with saudi arabia. Boeing, black stone and ge among the big winners. And the path to 1 trillion. Rbc saying that apple has the potential to become a trillion Dollar Company within 18 months. First up though, changes at ford, the automaker announced that mark fields is out as ceo and that fields has chosen to retire. Hell be replaced by jim hackett, the chairman of Ford Smart Mobility division. Hackett has developed a reputation as a turn around specialist. And shares of ford have fallen more than 35 . The company has scheduled a News Conference for 9 45 a. M. Eastern time. Being called a retirement, but we can re
I recognize myself for five minutes for an opening statement. Mr. Lahood i want to welcome the witnesses here today and welcome chairman smith, Oversight Subcommittee Research and Technology Ranking member lipinski, our expert witnesses and members of the audience. Cybersecurity, a concept we hear mentioned frequently, especially in this period of rapidly emerging threats, is an everevolving concept. Maintaining an effective cybersecurity posture requires constant vigilance as new threats emerge and old ones return. Too often, however, when we hear about the importance of cybersecurity, we are left without concrete steps to take to ensure or systems are best positioned to defend against emerging threats. One of the goals of todays hearing is to learn about real, tangible measures the government can take to ensure its i. T. Security systems are appropriately reenforced, to defend against new and emerging threats, including novel and sophisticated ransomware threats. The specific focus o
Well come to order. Without objection, the chair has authorized to declare recess of the committee at anytime. Good morning and welcome to todays hearing entitled bolstering cybersecurity. I recognize myself for five minutes for an opening statement. I want to welcomethe witnesses here today and elcome chairman smith, Oversight Subcommittee Research and Technology Ranking member lipinski, our expert witnesses and members of the audience. Oversight subcommittee research and Technology Ranking member cyd from wannacry. I recognize myself for five minutes for an opening statement. I want to welcome the witnesses here today and welcome chairman smith, oversight subcommittee Ranking Member lipinski, our expert witnesses and members of the audience. Cybersecurity, a concept we hear mentioned frequently, especially in this period of rapidly emerging threats, is an everevolving concept. Maintaining an effective cybersecurity posture requires constant vigilance as new threats emerge and old one
Well come to order. Without objection, the chair has authorized to declare recess of the committee at anytime. Good morning and welcome to todays hearing entitled bolstering cybersecurity. I recognize myself for five minutes for an opening statement. I want to welcomethe witnesses here today and elcome chairman smith, Oversight Subcommittee Research and Technology Ranking member lipinski, our expert witnesses and members of the audience. Oversight subcommittee research and Technology Ranking member cyd from wannacry. I recognize myself for five minutes for an opening statement. I want to welcome the witnesses here today and welcome chairman smith, oversight subcommittee Ranking Member lipinski, our expert witnesses and members of the audience. Cybersecurity, a concept we hear mentioned frequently, especially in this period of rapidly emerging threats, is an everevolving concept. Maintaining an effective cybersecurity posture requires constant vigilance as new threats emerge and old one