From coronavirus and ready to go back on the front lines to help others. And thanks for joining us this saturday morning, im darya folsom and im James Fletcher today is expected to be a nice sunny day and the bay area. And across california for that matter and that has governor Gavin Newsome concerned that people will go outside and potentially ignore social distancing was wondering on about that this morning as i went down the embarcadero and saw a nice sunrise. They still want people to stay home now is not the time Health Experts say. To let up on our efforts to flatten the curve. Were walking into a very warm weekend. The most beautiful weekend to the extent we love our weather. Since january at least or since arguably last summer the state of california. That means people are prone to want to go to the beaches parks playgrounds and go on a hike. I anticipate will be a significant increase in volume. But i also think if there is and people are practicing physical distancing, ill be
Cyber espionage. The hack of opm is the latest example. Do the chinese steal our Naval Technology and apply it to their navy, and as a corollary to that, are you aware of any evidence concerning china stealing u. S. Civil Nuclear Technology and diverting it to its nuclear navy . Sir, im not personally aware of any instances of another nation stealing our Nuclear Technology and applying to their navy, including china. That may be happening, im not briefed on any intelligence that would implicate that. I think its wellunderstood that there is Cyber Espionage that occurs. We have concerns from time to time about our cleared defense contractors for example in their Cyber Security. I think Frank Kendall and at l is working hard to tighten that up as best we k. I was reflecting on this earlier we talk about Nuclear Matters. As a sort of graduate of the Navy Nuclear Propulsion program. One of the things that has intrigue said me intrigued me over the years, the element of Human Performance th
Its going to predict how it would react under a stress event. And so was the key one of the key issues is what how are investors anticipating this . Is this part of their Investment Strategy . And do prices reflect it, and do practice Risk Management practices reflect that . I think that there are two issues we have to separate as we address the questions you offered. Is there a liquidity crisis . The first is are we in the midst of a transition from one type of market to over. If over night, we say that ever bond dealer who works in a bank can no longer deal bonds, the next day it will be a little harder to buy bounds. No question about it, and sell them as well. But what will happen afterwards, the banks will sell their operations to hedge funds to other companies, to the employees themselves and theyll get reorganized to find the capital and make money, because there are opportunities to make money when people demand liquidity, by the way, theres no such thing anywhere of free liqui
Wouldnt a level Playing Field as you said from your testimony, we have concerns about things like there is a some Data Retention obligations and we think you could do it differently. There is a best interest contract framework and weve heard feedback from folks saying it is clunky and there is a more streamlined way to do it. We have a point of sale disclosure requirement and people have said that that is not necessary. And so what weve done in every circumstance when someone said that the best interest contract is clunky, our response is tell us how to do it better. How do we retain that north star of enforceable best interest contract and still get it done and that is the feedback weve been getting and it has been helpful. And youve incorporated it. We havent made final decisions yesterday. We wont put out a rule until weve gotten all of the comments. Im confident if history is a guide the final rule will be materially different than and better than the proposal because you have to b
College or if he died from a selfinflicted gunshot went or with an exchange of gun fire with officers. Right now lawenforcement sources are telling us the death toll stands at 13 with many others injured. Many rest to the hospital and ambulances. This Community Colleges only one Security Officer on duty at a time and that person is not armed according to the schools former president. It is located in roseburg, oregon. A small town in the southwestern part of the state. We first learned about this situation through a tweet by the local Fire District advising people to stay away from the area. Attially reported as 10 38 pacific time as an active shooter in the classroom. Two or three officers arrived on scene and Exchange Gunfire with a suspect. Then they did a sweep of the campus to make sure the threat had been neutralized. It happened in and around a building called snyder hall. The white house saying the president has been briefed on this by his Homeland Security advisers. He along w