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Next up from last weekends Rancho Mirage writers festival, panel on National Security. Ill probably lose the hall in next hour. Are we allowed to start . Okay. Usually theres adult supervision around that tells you what to do. It is always a great pleasure to moderate a panel at a writers festival because youre dealing with men and women of incredible accomplishment. Who have done journalism, literature, of unusually high quality. And amazingly theyre very articulate at speaking about what theyve done. Ike going to be self indill self indulgent. I have never been in the presence of a medal of ...

Demonstrations. Last night, bret gave a really marvelous talk about immigration. [applause] and i bret has agreed in the last 45 seconds to sort of reprise what he said in context of what seems to be going on this morning. And then larry and tim are going to talk about this aspect of National Security as it is expressed in immigration policy, and then douglas is going to speak to the history of this kind of activity in our country. And jack and i will not get involved in this one. So, lets make it reasonably brief. Bret, can we hear from you . Well, the state of play as of this morning, which ...

Are we allowed to start . Okay. Usually there is adult situation that tells you what to do. It is always a great pleasure to moderate a panel at a writers festival because you are dealing with men and women of incredible accomplishment, who have done journalism, literature of unusually highquality and amazingly they are very articulate at speaking about what they have done. I am going to be selfindulgent with your permission. In all these years of doing these, i have never been in the presence of a medal of honor recipient and jackets a true honor to be here with you. Jack is one of those indi...

Are we allowed to start . Okay. Usually there is adult situation that tells you what to do. It is always a great pleasure to moderate a panel at a writers festival because you are dealing with men and women of incredible accomplishment, who have done journalism, literature of unusually highquality and amazingly they are very articulate at speaking about what they have done. I am going to be selfindulgent with your permission. In all these years of doing these, i have never been in the presence of a medal of honor recipient and jackets a true honor to be here with you. Jack is one of those indi...

So without ibm, we could have a positive day theoretically. Can you make up an excuse, deuation in markets. Cloud and tech services. Can you find the good here . Theyre consist ept. Its tough to fibd a company that has lost money for 20, for five years consecutively. Over 20 consecutive quarters. There should be a premium for that. Its a Company Still in transition. However, their Growth Business is now just under i would say under siege but declining. Its not a stock i want to go after. It will always be cheap and until that transition is complete, which i dont think is soop, you dont want to...