The trust of the American People and people around the world. This effort will not be completed overnight. And given the pace of technological change, we shouldnt expect this to be the last time america has this debate. But i want the American People to know that the work has begun. Over the last six months i created an outside review group on intelligence and Communications Technologies to make work of reform. Youve listened to foreign partners, privacy advocates and industry leaders. My administration has spent countless hours considering how to approach spellings in this era of diffuse threats and technological revolution. So before outlining specific changes that ive ordered let me make a few broads observations that have emerged from this process. First everyone who has looked at these problems, including skeptics of existing programs, recognizes that we have real enemies and threats and that intelligence serves a vital role in confronting them. We cannot prevent terrorist attacks
How long have we been working at bloomberg and never had a chance to sunset together . Since the reagan years. This is a first. We were talking about it yesterday. Im thrilled be sitting here with you. Were talking about cut rate cornerbacks, the football this weekend, a lot of people are the big spenders on these know, the it as you super bowl is coming to new jersey. It will be in the meadowlands. They will be freezing. We will be watching from the comfort of our homes. We will get back to that in a minute. T is time for the news the top business stories from around the world. Morgan stanley profit fell 70 due to costs of bank securities. And litigation. The bank achieved this gold on costcutting and reducing capital used by the tracing trading. Smog hit hazardous letters in chinas steel producing region. Pollution is 17 times the safe level recommended by the world health organization. The Chinese Government has asked local authorities to reduce illusion by up to 25 over the next th
With u. P. S. The stock going to take a hit this morning after lowering their Fourth Quarter guide ax, a hangover from the Holiday Shipping fiasco. And shares of intel are sliding after Fourth Quarter earnings missed estimates and warning of flat revenues for the rest of this year. And speaking of earnings Morgan Stanley, General Electric, and amex making big moves today, well break them down with you. But first up, u. P. S. , the Package Delivery Company Expects Fourth Quarter earnings of 1. 25, well below forecasts. U. P. S. Said its been negatively impacted by higher costs driven by a surge of shipments during the Holiday Season. The company said it deployed 30,000 more temporary employees than it had planned for. Their peak delivery day volume up 7 1 2 from what they expected. As i just said on twitter, their models, jim, nowhere near on plan. I want everyone to go to u. P. S. Kicks off peak week they put out a press release. December 16th, 2013. Where they said, look, our peak day
President say today what would you have liked to have heard the president say . My biggest concern with the Edward Snowden thing, which he notissed i saying it was it right disclosures and wanted to acknowledge that Edward Snowden tried internally to blow the whistle and remind his peers about weaknesses administratives structure. That is one of the main reasons that he did what he did. He needed an outside perspective. To be honest i do not think our has done structure this very well. Theyd need to acknowledge they should talk to us the whole time. We appreciate the time. We are going to indiana in a moment. If you missed the speech this afternoon, we will have it for you at 8 00 eastern in its entirety. Though ahead. About i had a comment the last caller was talking about snowden, and the president dismissed that kind of. I feel we should be doing something about snowden rather than just let him take asylum in russia. There is not much we can do about it. A stretch of been our relati
President . Guest host we are here with is that the president will breach the spirit of reform while only making minor, incremental changes. Biggeriving the decisions back to congress. Host what are those incremental decisions . Guest he could place new limits on the collection of phone data. That was the most controversial program. That would be around the edges. He will not shift the collection of this data to telecoms. He will introduce new privacy protections. Course, another one of the most controversial revelations from snowden was that we got a he europeans upset could push for some constitutional advocate. Host a lot of the talk and recommendations deal with section 215, what is that . Guest that is the section of the patriot act that the nsa has used to allow them to scoop the president s remarks will be live at 11 00. We have a facebook western post facebook question p osted. What do you want to hear from the president today . Facebook. Com cspan. Lets bring you a portion of