chairman. >> thank you, senator schatz. we are delighted to date of the honorable michael chertoff, form effective homeland security and cofounder and executive chairman of the chertoff group, washington, d.c. mr. james bladel, vice president of policy at go daddy of scottsdale arizona. dr. roslyn layton, visiting scholar, the american enterprise institute in washington, d.c. ms. denise zheng, , vice presidt policy, the business roundtable washington. and mr. christopher painter, commissioner, global commission on the stability of cyberspace, washington, d.c. let's take 25 minutes evenly divided between, among our witnesses for opening statement statements. and secretary chertoff, we will begin with you and just go down the table. >> thank you, mr. chairman and ranking member schatz, and members of the committee for holding this hearing which is very timely. i submitted a written statement which i request him a part of the record. >> all the statements will be made a part of the record. >> and i should just point out that i

i am glad to convene this hearing with my good friend and colleague, ranking member schatz. the internet as we know it has become one of the most important inventions in our nation's history. we use it for just about everything. thanks to infrastructure investments and ingenuity, the internet is now an economic engine driving job creation and unprecedented access to information and opportunities. in a short time, the world wide web has transformed into a global, interconnected information superhighway facilitating growth, freedom, and economic prosperity. the multi-stakeholder governing model has been key to the internet's development across the world. this model has fostered the creation of a dynamic internet economy that promotes investment and innovation. we owe many of the cutting-edge products and services we enjoy today to the internet economy. underpinning this economy is internet data. as the internet grows and more people, and things, become connected, the volume, quality, and variety of internet data increases. this is driving the development of new businesses and

schatz: his family legacy and leadership are actually rooted partly in the pacific. he met his wife, cindy, in honolulu, and generations of mccains have left their mark on the region. his grandfather served in the pacific theater as an admiral in world war ii. and his father commandedded armed forces in the pacific during the vietnam war and john s. mccain iii would become the most famous p.o.w. of the vietnam war. his relationships with the region began with those conflicts with pain and with loss, but he never let that beginning define his views of the asia-pacific. as a senator he called for the united states to transform the peace we made with vietnam into a partnership. it is thanks in part to him that the united states now works closely with vietnam on everything from economic development to counterterrorism. and the people of vietnam know it. the monument that marks where he was captured as a naval pilot in vietnam has turned into a shrine this week with people leaving flowers in memory of the man who helped normalize relations between our two nations. this is

thank you senator schatz.senator fisher. >> doctor layton, you mentioned that in your there's different aspects when it comes to privacy. i express how you define privacy in the digital era and how do we manage the privacy expectations of consumers? >> i'm going to give you the research that europeans, the agency for network security and privacy and trust is a function of four things. it's the level of education of the consumer, a user. it's the level and types of technology, business practices and institutions and when you look at something like gdpr, only focuses on two of the four things so when i say if we only did one thing , we as a nation will have to do more to help people be digitally competent and digitally aware . and it may not necessarily be something that congress find exactly what it is but we have a tremendous amount of information and ability to communicate so for example i want to recommend mister, mister chair possible and he talked about buyer beware, you have to take responsibility for the

. >> democratic senator brawn schatz of hawaii tweeted yesterday, quote, the vp announced a new militaryepublican is willing to tell potus it's a dumb idea. although space force won't happen, it is dangerous to have a leader who cannot be talked out of crazy ideas. former nasa astronaut mark kelly was also critical in his assessment of the idea. >> the only person that i've heard say this is a fantastic idea is the commander in chief, the president of the united states. everybody else says it is redundant, it is wasteful. we don't have the need out there right now. i would have hoped he would have waited a few more years to get a it more educated on what our military capabilities currently are and what the threats are out there. i think there's a little bit of lacking of understanding in the white house at the highest levels at this point. >> joining us again, reporter for "the washington post" eugene scott. eugene, the administration is saying they want it to happen in two years. you listen to commander kelly, you hear from brian schatz via twitter, other lawmakers as well, how likely i

chairman and ranking member schatz and mentors for holding this hearing which is very timely. i've submitted a written statement that i request be made a part of the record. and i should just point out that i served with chris painter on the commission on stability and cyberspace. so, we interact quite a bit on this issue. let me try to make a few brief points as both the chairman and ranking member indicated obviously the value proposition of the internet in many respects rests upon its global nature. in fact it connects networks all around the world and therefore when you have the prospect of fragmentation you run the risk of undermining the fundamental value of the internet because you would wind up with a number of different networks. this is important not only because we value freedom and the ability to communicate with others around the world and have discourse about the matters of public importance but because this is critical to the economy, the reality is that it transformed the nature of our economic activity and allows us to promote exports and two distant or mediat

during that floor time yesterday, brian schatz calling up the resolution asking for unanimous consent[video clip] is notffirms the press the enemy of the people and reaffirms the vital and indispensable role of the free press serving to inform the electorate, uncover the truth, act as a check on the inherent power of the government, further discourse and debate, and advanced our most basic and cherished democratic norms and freedoms. it condemns attacks on the institution of free press and uses efforts to undermine the credibility of the press as a whole as an attack on our democratic institutions. , as if inent legislative session, i ask consent the senate proceeded to 607consideration of submitted today. >> senate resolution 607 reaffirming the vital and indispensable role the free press serves. >> is there objection? without objection. resolution be agreed to, the motions reconsidered -- to reconsider be considered made with no remaining action or debate. >> without objection. >> thank you, mr. president, i yielded the floor. host: the senate taking that portion of the summer to co

the resolution offered by democratic senator brian schatz, of hawaii, drew on the words of thomas jefferson, james madison and president ronald reagan, among others, to champion the role of the free press, which the resolution said, is "integral to the democratic foundations of the united states." the resolution condemns attacks on the press "as an attack on our democratic institutions." lawrence karnow: low clouds cleared earlier today allowing the temperatures to warm especially inland. highs jumped again in the valleys with some temperatures getting near 90 this afternoon. showers and thunderstorms are showing up again on doppler radar over the sierra and the deserts. on the satellite image you can see weng over the center. high pressure will now expand out west and crank up the temperatures. highs tomorrow will be in the low to mid 90s inland, with 70s and 80s inside the bay and 60s at the coast. it will get a little hotter on saturday before starting to cool slighlty on sunday. temperatures should be much cooler on monday and then run about average the rest oif next week. (pam) an (pam

that was not true. >> thank you. >> thank you, senator schatz. senator moran. >> thank you very much. with such short time and so many questions, i'm reluctant to ask you to respond so i would refer to you to respond who feels compelled to provide me an answer to my question. i want to start with the usf high cost program. we worked with the senate appropriations committee to include an fsgg language that encourage the fcc to conduct a comprehensive investigation into what is needed to fulfill the statutory mandate for universal service. the immediate the immediate effects of the budget control mechanism. my question is, what is the current state of the assessment of this program and what is the status of the short-term funds? we've had this conversation many times, but usf high cost is not receiving the dollars it needs. >> you've left it open to everybody, so i'll pass it on to my colleagues. no, senator, i'll take the question. we we have an open proceeding. it was important to me because i heard your concerns and concerns throughout kansas th

brian schatz of hawaii has publicly announced his support for "new york times" writer sarah jeong in in a racist antiwhite and anti-cop tweets. david garcia wants voters to imagine a world where anybody can enter freely from mexico. >> i want to just take a second and imagine. let's just imagine. just imagine, no wall. no wall in southern arizona. >> can you imagine that nightmare? in new york, gubernatorial candidate cynthia nixon is saying it's time for the democratic party to overtly push socialism and others on the left on board. >> thehe establishment is terrified of that word, socialism. but if we lack one thing from the obama years, it is that republicans are going to call us socialists no matter what we do. so we might as well give them the real thing. >> brian: this is going to be a big debate point on that democratic primary stage in 2,020, isn't it? >> i don't think it's even going to be a debate point. either you embrace the label and own it, or be like andrew cuomo and be off on the sidelines. >> brian: it's like the republican party is getting the gift that keeps on giv

brian schatz of hawaii has publicly announced his support for "new york times" writer sarah jeong intiwhite and anti-cop tweets. david garcia wants

hawaii democratic senator brian schatz tweeted: "the vp just announced a new military branch - a "spacedumb idea...."and some critics say the force doesn't make any sense financially.citizens against government waste blasted the idea....writing: "the addition of a new branch will serve only to add unnecessary costs that come with increased duplication and bureaucracy"the white house says it plans to move forward with the force...even as congress debates.and plans to re-shuffle some pentagon staff to focus on the new frontier. in washington, i'm mark meredith. last weather and goodbye >>> some friend. the teen shoved off a bridge by a mean girl? then, the latest on hollywood's nastiest divorce battle. inside the house that brad bought angelina. >> how brad loaned his ex $8 million to buy the sprawling estate. >> and groped on a plane. >> i was sexually assaulted. >> she says she found herself sitting next to a predator on a plane. >> i didn't ask for that. >> plus the woman who says she's too pretty for jail. >> i'm pretty, please. >> then holding their breath underwater, kids do it all

these include that chairman thd the airways act and wicker and schatz's spectrum now act. forank the committee holding this hearing and i look forward to answering any questions that you may have. commissioner o'rielly. commissioner carr? >> chairman thune, ranking nelson, distinguished members of the committee, manning for the chance to -- thank you for the chance to testify. outset, i want to commend the committee on its own notable and bipartisan achievements, from mobile now and the airwaves act which identifies spectrum race to 5g, tohe the speed act, rapid act and the deployment act, which would cut red tape that the deployment of next-gen networks. spectrum and infrastructure are deployment of 5g. i'm confident that action on these fronts will make a difference in bringing more broadband to more americans. i've seen firsthand the networkss of deploying in some of the hardest-to-serve parts of the country. of yourtime in many home states and heard from families and small businesses that the opportunities connectivity enables. exemplifies those challenges and opportun

it is the two-year treasury and the schatz.ent levels during 2019. the federal reserve continuing on its hiking path. what it means is that u.s. treasuries and german bund, the widest sense data began. let's get to anthony crescenzi of pimco. an interesting countercurrent call on the ecb. you think they will raise but that is it. is not likely that the ecb will raise its rates until next year, probably in the latter half to something less negative, they will get into positive territory in 2020. perhapsl get to 0.25, 0.5. they will pull back to zero in the five-year horizon. we think the policy rate will though no higher. in japan, to add something else, probably staying at zero in that five-year period, the fed at three. this low interest rates is here to stay. you take a look at the euro-dollar. i have got a chart. there is a nice head and shoulders to the right-hand side. you've got to follow through to the logical extension. 1.05ould take you down to $ on the euro-dollar. how low does that get? anthony: it may take a longer

caller: the other thing was brian schatz that won that brian and way seat. he did not even debate. host: ok. that is joe in tennessee. patrick is in pittsburgh. go ahead. caller: good morning. how are you? host: i am doing well. caller: when i heard what was unfolding with regards to the city of pittsburgh and molestation, i was absolutely dumbfounded. i was under the impression we had essentially identified, removed, censured and so forth all of these priests so as a leader in the catholic church, i am absolutely beside myself that this situation has not been called --that they have not stopped this. host: how are you a leader in the catholic church? caller: i am a church councilmen. host: has this been addressed in the past 24 hours with folks you talked to? how do you plan to talk about it on sunday? caller: we are going to talk about it this evening. we are going to have an meeting -- a meeting and address a multitude of things because we are not just dealing with a crisis with molestation. by the way, in defense of bishop exhibit and cardinal world -- bick and cardinal wurl, t

host: this is a reaction from one member of congress, brian schatz of hawaii, the top member on the chambersh committee. threat to regulate is "crazy, authoritarian, idea." saying it is unworkable for everything our country stands for. these ceos are now over correcting for perceivable bias. this is a stretcher six strategy -- specific strategy to control the way those platforms present information. the president's campaign cited the attack on google in a text message asking donors to donate --ad of a key front raising fundraising deadline and at least one house leader -- lawmaker, kevin mccarthy, purchased ads related to the anti-conservative censorship online. anthony in new york, go ahead. caller: thank you for taking my call. i want to agree with the last few calls from texas. if you wanted to google something -- anything about politics, the midterm elections the next -- who will win the next presidential election, the sites are all left, liberal, democratic news stations breed for instance, cnn, msnbc, the new york daily news. you have to scroll down i don't know how far to see whatever

joining us now is paul schatz, chief investment officer you made the fact that the stock has moved uphead fake why? >> good morning and a number of reasons. so first of all, facebook is so overly loved and so overly owned, it's almost reached a cultlike status. i really think the news that came out with the earnings report was so bad long-term, they didn't just miss for a quarter. they didn't just say, hey, the next couple of quarters are going to be a challenge. they said we see decelerating growth as far as the eye can see with no qualifier. for a stock that's gone up at a meteoric pace and almost parabolic. and it's overloved and over-owned and it's got so much hot air and it's really expensive, that's almost a seminal event. that's a catalyst. if they had said that in 2013, i'd have a different viewpoint the bull market itself is 9 1/3 years old. the bull market's been living on faang stocks think of how the environment for tech has been. it couldn't have got any better through january. i mean, everything in tech has been just perfect. >> what's a fair price for facebook fair pric

thee are still working on one that we have with senator schatz, trying to listen, get feedback from stakeholders about how to best move forward with that. there there have been expressions of concern from state and local governments and public power entities, et c. we're working with those, listening, trying to come up with a path forward that would allow that bill to pass with bipartisan support. and i think eventually we'll get there. there are a number, as you mentioned, of other bills filed by members of the committee dealing in some fashion with similar issues. and we'll see what we can put together that we might be able to get to mark up. but at the moment, there's still some discussions and negotiations over what's going on, and we're trying to make this as a collaborative process as possible. >> before the election? >> before the election? i would hope so. >> what do you think? can we get there? >> that's the hope. we'd like to process it this year. and it's and it's also possible some of this will get done at the end of the year. we want to get these issues negotiated as much as possibl

schatz: his family legacy and leadership are actually rooted partly in the pacific. he met his wife, cindy, in honolulu, and generations of mccains have left their mark on the region. his grandfather served in the pacific theater as an admiral in world war ii. and his father commandedded armed forces in the pacific during the vietnam war and john s. mccain iii would become the most famous p.o.w. of the vietnam war. his relationships with the region began with those conflicts with pain and with loss, but he never let that beginning define his views of the asia-pacific. as a senator he called for the united states to transform the peace we made with vietnam into a partnership. it is thanks in part to him that the united states now works closely with vietnam on everything from economic development to counterterrorism. and the people of vietnam know it. the monument that marks where he was captured as a naval pilot in vietnam has turned into a shrine this week with people leaving flowers in memory of the man who helped normalize relations between our two nations. this is

in july, senator schatz and i introduced the purple heart and disabled veterans equal access act of 2018 to expand commissary eligibility to purple heart recipients and other deserving groups of veterans. i'm pleased that the recently passed national defense authorization act included this language that opens access to purple heart recipients. additionally, last year congress passed the forever g.i. bill. at the beginning of august, several provisions took effect, including the eligibility for post-9/11 hummer heart recipients to receive full education gists for up to -- benefits for up to three years. an estimated 1.8 million purple hearts have been awarded in our nation's history. it is symbolic of the price or men and women serve in uniform are willing to pay and the debt of gratitude we owe them for their selfless service. the story of these heroes who earned this military honor continue to inspire us all. purple heart day honors the sacrifice of erin mankin. in may 123005, while deployed in iraq as a combat correspondent, he survived an i.e.d. attack near the syrian border. he sus

schatz: thank you, mr. president. we swore an edge to support and defend the constitution of the united states, including its first amendment, which says in part, congress shall make no law respecting an establishment of religion or prohibiting the free exercise thereof or abridging the freedom of speech or of the press. and so we can't let statements by the president declaring that the press is the enemy of the people go unchallenged. both parties complain about the media, but who could argue with thomas jefferson, who wrote, that our liberty depends on freedom of the press and that cannot be limited without being loss, or james madison said that the freedom of the press is one of the greatest bullworks of the liberty. or pregnant said that freedom of the press is one of our most important freedoms and also one of our oldest. or justice kennedy who wrote that the first amendment is inconvenient but that is beside the point. inconvenience does not be a solve the government of its obligation to tolerate speech. these w