he served as the diversity and inclusion lead for deloitte consulting and deloitte's first ever inclusion hiring blitz. he holds a ph.d. in organic chemistry, is that right? >> inorganic. >> inorganic chemistry, i'm sorry. [ inaudible ]. >> i literally don't know what that means. from northwestern university, an mba -- i really don't know what that means -- an mba from drexel university and a ba from kalamazoo college. witnesses are reminded that your oral testimony will be five minutes and without objection your written statements will be made part of the record and, dr. alonso, you are now recognized for five minutes. take it away. >> thank you. good afternoon, chairman kilmer, choice chair graves and distinguished members of the committee. i serve as the chief knowledge officer. as the voice of all work, workers and workplace they are shaping the way employees and employers work together by maximizing human potential. as the chief knowledge officer for sherm it is my job to examine an understand the issues based by employees, employers and hr pro terms nls on a daily basis. i deeply ap

through deloitte's first ever inclusion hiring blitz. he holds a phd in organic chemistry, is that right? in organic chemistry -- i'm sorry. [laughing] will will -- i really don't know what that means. mba from drexel university ba from kalamazoo college. witnesses are reminded to oral testimony would be five minutes and without objection or written statements will be made part of the record and dr. alonso junot recognized for five minutes. they could wait. >> thank you. good afternoon chairman kilmer, vice chair greats interest in which members. my name is alexander alonso service chief knowledge officer at society for human resource management. as a voice for all things work, workers in the workplace, we're shaping the way for employers and employees thrive together by dancing workplace practices and maximizing human potential. as a chief knowledge officer for shrm, it is much up to examine and understand the issues faced by employees, employers and h.r. professionals on a daily basis. i deeply appreciate congress leading by example an

that's when more than half of annual school-related spending happens and a new sur fym deloitte forecastsnt, nearly $28 billion, will be on par with last year. it doesn't mean the consumer isn't healthy, but rather the back-to-school supplies are largely commodity type items. a pencil is a pencil forsthe mo part. that ups the ante for retailers. >> you have to be sharper ins te of what the proposition is for the consumer. one of the questions we always ask ispoell us what is ant to you in terms of picking either the venue or the specific brand thatin you're sho we hear over and over, it is price, it is product, it is convenient. >> reporter: nearly 90% of s shoppersay mass merchants, retailers like walmart and target, are the top destination for olback-to-scho arene retailers like amazon now the second shopping preference for back-to-school. some retail experts say amazon's prime day shoppingoliday helped it grab more school supply share. >> amazon is basically takin over along with walmart and electronics are an online business and electronics will be the big growth area. >> reporter: de

a survey by deloitte found almost half of us consumers are frustrated at having to buy multiple subscriptionsh what they want. netflix's chief content officer, ted sarandos, spoke to our media editor amol rajan earlier this summer. he said he's confident people will keep paying for shows they want. the more competitors you have in the direct space that keep everybody on their toes, it's great for consumers because its price competition and also everybody has to kind of one up each other on quality of programming. do you think that people are going to stop paying for this stuff? you have to find great value in it and our subscribers find great value because there's so many shows to watch and many are your favourite shows on television. they will add other subscriptions to the mixed. if you love netflix but you love game of thrones, you have to go somewhere else for game of thrones, but everything you love is on netflix, and that's what we're trying to focus on. fergus hay from the communications agency leagas delaneyjoins me now. fergus, it's interesting, 2.7 million new subscribers doesn't so

and i am joined by a partner at deloitte. this isn't an ordinary budget. are quite a few challenges for this finance minister, aren't there? that's right, it's a big day for us, and the prime minister has laid out his ambition for india to be five by 25 -5 ambition for india to be five by 25 — 5 trillion us dollar economy by 2025, and that the finance minister will want to set the roadmap for achieving this solution. and yes, like you said, there are a lot of challenges in the indian economy today. the unemployment, the agriculture, it is about spotting investment. so yes, she will have to juggle investment. so yes, she will have to juggle all the balls up in the air today. and what might she have a purse leave, do you think? so we are expecting the corporate tax rate to be impacted. we are really asking for big relief there. we are expecting certain investment —related policies and schemes to be announced, so it really spurs corporate investment into india, including foreign direct investment. more on that coming live, we will have details as soon as the

a survey by deloitte found almost half of us consumers are frustrated at having to buy multiple subscriptionsrejoined by james erskine, who's the managing director of creative agency the big shot. where agency the big shot. do you think netflix have gon wrong where do you think netflix have gone wrong if that is theirjudgment?m any marketplace where you have a zone as a sort of sleeping giant, doesn't that sound crazy, but they are? it's always going to be a tough ride. they have gone wrong by being first to market. they are the ones to beat. they disrupted the way we watch television and now everybody is trying to jump watch television and now everybody is trying tojump into watch television and now everybody is trying to jump into what they are doing and disrupt what they are doing and disrupt what they are doing so they are the ones to be chased. what about this problem of some of their most popular shows being taken off the platform, things like friends, friends and the offers. big networks had given up on things and they are known not going to give up on that. gossip girl doesn't make hb

deloitte has been fined £4.2 million by the accounting watchdog and severely reprimanded. was after the outsourcing firm overcharged the government for contracts to electronically tag criminals. just yesterday, serco itself was fined almost £23 million by the serious fraud office for fraud and false accounting. primark‘s sales were hit by unseasonable weather in may — in other words, it was too cold and too wet. that's according to its owner, associated british foods. across all the businesses within the group, sales in the 40 weeks to the middle ofjune, were 3% up on the same period last year. as well as primark, that includes sugar production, argiculture and food brands such as ovaltine, ryvita and twinings. the national trust will sell off the shares it holds in fossil fuel companies. at the moment, 4% of its £1 billion stock market investment is in such firms. the trust is the biggest conservation charity in europe. it wants to invest in green start—ups and shares that benefited nature and the environment. that's all the business news. a man's been killed in a volcani

american worker, sell out to wheap cove cheap ovr and the companies that exploit them, whether it be deloitte. it's absurd what the american worker has to contend with. this president vowed buy american, hire american. and then lindsey graham is pushing this bill after the republicans, 30-some-odd of them went along with the bill in the house and passed it. this is outrageous. >> it really has been the american worker last. and that's why you've had these communities across the country devastated. and that's why we have an opioid crisis. there is just no hope in some of these towns. and so to put americans to work is job one. and whatever it takes, lou, we got to do it. lou: ed rollins said the president should veto this period if they pass it. i think he's right. your thoughts. >> absolutely. as both of you said, you got to secure the borders, make sure the american worker is protected and you've got to do all of these things. including preventing legislation which is not going to help americans. lou: yeah. it's incredible to see rand paul and all of these phony bologna rinos in the senate f

deloitte is also out with the back-to-school survey.tively flat going back to school spending will be 29% compared to last year >> well, it's also the launch of the new beauty product that's coming out prime day. that will be one of the big launches do i expect them to do well? yes. amazon is taking over, along with walmart and target, back to school electronics are an online business electronics will be the big growth area. i think it will be big for amazon i think that's going to be pretty good. people have worried about the back half versus last year i'm not sure, i think the backpack is pretty close to normal the consumer is really strong. we're seeing great employment, rising wages, record employment. i just don't see how the back half is not going to be as strong even if we don't have the impetus we had last year from the tax cut. yeah, i think amazon is going to be the big winner. i also think the whole backpack is there. >> when i went ba being to school i'm trying to figure out what i think that means for retail it's a little b

a deloitte report shows the average cyber -- is $2,300 ahead. that would translate to about $750 million annually for hsbc and 600 million for b of a and citigroup based on their 2018 head counts. jpmorgan chase has reported it spends $600 million every year on cyber defenses. tyler, jamie dimon has told us that the risk of a cyber attack may be the single greatest danger to the u.s. financial system. >> thank you very much, aditi roy in san francisco time now for our tasting menu. a look at system of the stories we are watching today, snapchat taking a shot at instagram the company launching a campaign today which stages a #takeover on facebook owned instagram. the ads were posted on highly followed pages featuring the #realfriends and and #friendshipquotes. there it is. >> i feel like this is a psa of our modern times remember that there are real friends out there, not just the ill lugusion of friends that yo create on snapchat or instagram. it's sad. >> i have no opinion here. >> okay. >> okay. >> i'm sure you have an opinion on this next one

this according to retail services company deloitte. parents will shell out a record $3.6 billion on technology like smartphones and wearables and data plans. retailers racing to lure in shoppers with early campaigns on school supplies. amazon is always ahead of the competition. they've launched storefronts and they'll do that all summer. >> because of prime day, back to school season has started to shift earlier and earlier. >> the 48-hour sale this week amazon topped more than 100,000 purchases of lunch boxes and laptops. >> i wasn't in the mood so shop but i did need school supplies so i kind of contributed. >> i am so glad to have almost all of that over. >> i do it times three. you should see my target. >> i'm still paying tuition. >> wow. don't even talk about college. my mind is gonna blow. >> haven't even started thinking about buying school supplies and all that stuff. i'm still in summer mode, and i think our weather is, too. here is a live look outside in dublin this morning, as you get ready to head out. looking a little haz

a look at the other top business stories: deloitte has been fined £a.2 million by the accounting watchdog a day after the company was fined £22.9 million by the serious fraud office over the tagging contracts. primark‘s sales were hit by "unseasonable" weather in may. that's according to primark‘s owner, associated british foods, which says group revenue from continuing businesses for the a0 weeks ended 22june 2019 was 3% up on the same period last year. sales of low emission cars in the uk have fallen for the first time in more than two years. the decline comes as overall sales of new cars continued to fall, dropping a.9% in june from the year before. that's all the business news. thank you. the newest airport in the world opens in the uk today. carlisle lake district airport — or cax for short — will operate flights for tourists and local workers. 0ur correspondent, sarah corker, has been there for us this morning. this is the uk's newest airport. ca rlisle lake district was officially opened this morning and, at 8am, the first passenger flight for more than 25 years took off and it was

i ended up at deloitte. i love it. i wasn't sure where i was going.orate partners was founded. i happen to know the founder, he's a great guy, a good friend. you guys have grown this thing substantially. where are you in the progress of making american corporate partners a huge effort. >> over the last two years we've grown almost 30%. it really stems from the veterans. we've had over 15,000 men and women go through the program, pete, and they said that it's changed their life. with that -- 98% of them would recommend it to another veteran. so every day we get anywhere from 30 to 40 new veterans coming in and applying for the program. really, think about it, why wouldn't you take advantage of this opportunity to have somebody guide that whole process. the veteran is unemployed day one, per se, and to have somebody there to help them find meaningful employment is incredible. >> tim, mark, mike, thank you for your service. >> thank you all for being here. >> is it weird being army guy was a marine here. >> we just make fun of them, that's all we do. >>