you sneed smart z cios doing this stuff. so i think in those areas in which it applies a certain retooling of your contracting workforce with cios is important. the the same is true for big c when when i've talked to people who are not deeply personally involved in i.t. matters they are no more smart an this stuff than the average government official is. so i think it cuts across both buying smart. it meanhouse need to up the game of the people who are doing it. >> we have time f last last one here. >> thank you for your comments. i would like to ask you to elaborate on some of them with regards to your comments about standard setting entities such as underwriters and maybe even having some regulation regarding internet of things and security. i find that fascinating. would you elaborate on what current government entity might be capable of regulating or what type of consortium you'd consider for developing standards. >> i >> i can talk with the great wisdom of never having worked on the domestic side of government. >> you h

both around the cio, around procurement. we've set up that same kind of mechanism around the stand-up of the mbib, given the oversight issues and making sure we get those right. so, i think we've made considerable progress in terms of the dialogue, the clarity of the communications. we welcome their input on what we could be doing as better, as we welcome input from our colleagues here and elsewhere. >> so you would characterize it as much improved under your leadership? >> i would characterize it as much improved, yes, sir. >> all right, thank you. the chair recognizes mr. lynch for a closing question or statement. >> thank you, mr. chairman. and again, i want to thank you for being here. i want to ask a question sort of off the grid here. i appreciate that you're making progress, and that's a good thing. and we're working together with dod to secure our systems. there's another issue. you know, these hackers have become so proficient. you know, this morning we got news that the swift commercial bank system -- i think it's

both around the cio, around procurement. we've set up that same kind of mechanism around the stand-up of the nbib, given the oversight issues and making sure we get those right. so, i think we've made considerable progress in terms of the dialogue, the clarity of the communications. we welcome their input on what we could be doing as better, as we welcome input from our colleagues here and elsewhere. >> so you would characterize it as much improved under your leadership? >> i would characterize it as much improved, yes, sir. >> all right, thank you. the chair recognizes mr. lynch for a closing question or statement. >> thank you, mr. chairman. and again, i want to thank you for being here. i want to ask a question sort of off the grid here. i appreciate that you're making progress, and that's a good thing. and we're working together with dod to secure our systems. there's another issue. you know, these hackers have become so proficient. you know, this morning we got news that the swift commercial bank system -- i think it's

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the international cio.ayne: they are really caught and they have been for many months. what they would like is a weaker currency. they need that improvement in export competitiveness, especially as you saw weakness in the euro and the manufacturing perspective. taking those contracts and -- away. their concern about capital flight. they do want to ensure you are assets stayed. they're very concerned that the they go through a more communicative public policy to improve the export competitiveness, they encouraged some of the capital flight. you can see they are kind of torn. the most recent change we had in fed expectations which is improving dollar appreciation prospects for the next couple of weeks, will also give them a worried, because what they don't want to do is to be dragged up from a valuation perspective. they go into the next half year with a view that the fed is back on track to have a series of rate hikes which means you got the dollar strength coming in which forces you want up. it crystallizes

sasksoll, the cio of bank. of the things seem to be trading under book values. >> the two key drivers are the u.s. dollar and the banking sector's performance relative to the performance. we are down in japan because of the negative interest rates in europe, and even int h the ua. clearly, the ability of the banks to rate capital is deteriorating day by day. the outlook for banks is under huge challenges, technology being one and regulatory framework being another. and of course, it has taken them so long to clean up what they want to do in terms of the strategy. deutsche bank is in their third strategy of the last three years. this is their third last ceo's in the last five years. guy: they have a lot of ceo's, to be fair. >> it is not just deutsche bank. guy: the average in europe is .6. >> you can see thatin europe. so, clearly, the belief in the marketplace, in terms of the bank's ability to negotiate this and in termsange, of the u.s., the regulatory framework is getting tighter. the only regulatory framew

they said we object to the afl-cio being sold to a hedge fund manager with a boat load of cash.s in the same party behind the same candidate. lou: you know this, somehow the environmentalists have thrived within the democratic party at the expense of the unions and all sorts of industries in this country, and at the same time the afl-cio is aiding and abetting open borders and amnesty while undercutting low-wage employees in the country. stuart: a priceless opportunity for donald trump to create a few old-fashioned reagan democrats. pull in those union guys who have been put out of their place by the environmentalists. pull them over to donald trump and split the democratic party even further. i think that's what's happening. lou: we are seeing from exit polling, we see that that's exactly what's happening in these open primaries where independent and democrats are coming toward the republican party. that's why we are watching this donald trump fellow bring in more voters and any republican nominee in history this primary season. >> you can't ignore him. paul ryan can't keep him

leslie, tell me about the experience that hospitals, cios are having dealing with this problem. are you spending -- are hospitals systems spending a lot more money and what are they doing to adjust to this new reality? >> and you're right, it is the reality. there is only so many fingers to plug the holes and the reality is we can find every possible vulnerability and try to block it and they only have to find one. and so when you are looking at hedge it as a fraction of the budget, something like 3.5% to 4%, a subset is security. so it is something that you are not necessarily getting reimbursed for but it is absolutely necessary for the public good. but it is tough. resources are hard to come by. whether it be financial or even personnel. and you're only as strong as your weakest link and in this day and age, we're sharing data with more and more partners, we're sharing data directly with patients and you're just opening up the door. and so it is incumbent to train your work force and work with your boards. but it is definitely a tough fight that the odds are stacked against u

the founder and cio of capital management. of we checked out cambridge and the major averages. 1.2%ow is down 200 points, at 17800 and. more "bloomberg markets coming up. ♪ david: in january we learned ge is boston bound, using -- moving their headquarters. it will bring hundreds of jobs to the area. emily chang spoke to the owner about the move. what did he have to say? jobs to be more specific. that is what they are expecting. part ofmayor was a huge getting them to move to boston. it was a little controversial. there was a package worth $150 million. some people thought he did not get a fair deal. i did ask him, at what point will he know if it was worth it? >> i think it is already worth it. they movet this, you into the global headquarters in the city of boston, and we are already seeing the benefits of that. the chatter in the city of tech companies being here, companies wanting to stay here after the were grounded. emily: he said ge will be putting pretty $5 million into the education system. a lot of that money is focu

chris darbyshire, cio at seven investment, stays with us.rney on britain's largest brexit debate. we will speak to a man who traveled 30 hours on a british train, gathering votes. ♪ iaae-m" anna: welcome back. this is countdown. london is 6:30. 7:30 if you're watching in brussels. that is where we find rishaad salamat. rishaad: thanks a lot. brazil senators talking an historic vote regarding the impeachment of dilma rousseff. the decision will not come until around dawn local time. the simple majority says that she will be impeached on the trial. mitsubishi motors says they are in talks with capital ties amid the fuel economy scandal. the company is confirming the discussions in separate statements to the tokyo stock exchange. saying that no decision has been made yet. they are seeking a 33% stake in mitsubishi motors. the bank of england holds its last so-called thursday before the eu referendum. they predict no change to the interest rate. bank of america and merrill lynch says one or two of the nine were panel may vote for a rate cut. the

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tim courtney, cio at exencial visors. >> i'm louisa bojesen. >> and i'm nancy hulgrave.rldwide exchange" is coming up next. >>> good morning. the fed in focus. the markets try to make sense of june rate hike speculation. >>> new this morning, snapchat is raising more money. and this financing round valued the company at $22 billion. >>> facebook, new policies on trending politics. following advice from conservatives. it's tuesday, may 24th, 2016, and "worldwide exchange" begins right now. ♪ >>> good morning, welcome to "worldwide exchange." on cnbc.

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leslie, tell me about the experience that hospitals, cios are having dealing with this problem. are you spending -- are hospitals systems spending a lot more money and what are they doing to adjust to this new reality? >> and you're right, it is the reality. there is only so many fingers to plug the holes and the reality is we can find every possible vulnerability and try to block it and they only have to find one. and so when you are looking at hedge it as a fraction of the budget, something like 3.5% to 4%, a subset is security. so it is something that you are not necessarily getting reimbursed for but it is absolutely necessary for the public good. but it is tough. resources are hard to come by. whether it be financial or even personnel. and you're only as strong as your weakest link and in this day and age, we're sharing data with more and more partners, we're sharing data directly with patients and you're just opening up the door. and so it is incumbent to train your work force and work with your boards. but it is definitely a tough fight that the odds are stacked against u

report by the afl-cio shows the average pay of a ceo is at $12.4 million, or 335 times that of the averaget is an improvement from 2014, though, and top execs were 373 times the average worker. it has been trending higher. meanwhile, new study fines genetically modified crops are not only safe, but may be good for people and the environment. the national academy of sciences says gmo crops said it has led to more in sen to. >>> also, listen to this, pot smokers in colorado helping some kids to college. they're warding scholarships on legal marijuana and colorado growers and buyers pay more than $135 million in taxes last year. frances, back over to you. >> that's a whole lot of green, both kinds. >>> just ahead, running the 100 hard dash in how long. >>> a punch for punch, sports is next. just gotta get the check. almost there. i can't reach it. if you have alligator arms, you avoid picking up the check. what? it's what you do. i got this. thanks, dennis! if you want to save fifteen percent or more on car insurance, you switch to geico. growwwlph. it's what you do. oh that is good crispy du

. >>> la presidenta ya suspendida prefiriÓ abandonar el pam cio frente a sus seguidores y no por la rampal respeto por las el eleccion. >>> la otra cara de la moneda es michel temer que ya actÚa como presidente. con Él sus nuevos ministro hasta todos ellos tendrÁn que sacudirse la imagen que parte de la ciudad ahÍ tiene la clase polÍtica brasileÑa tocada por acusaciones de corrupciÓn en todas las instancias. >>> son golpistas son ladrones y tomaron el poder y nosotros no votoremos por ellos. >>> hoy la prensa que ha sacado edicion ediciones extras hablaba de esto. >>> las portadas coinciden en sus planteamientos se va dilma rousseff y llega temer pero seÁa la soluciÓn? >>> no estoy de acuerdo para mi tendrÍa que haber nuevas elecciones. >>> estamos en el fondo del pozo tenemos que recuperar ahora. >>> para analistas los 108 dÍas son claves para saber si el nuevo gobierno revierte la situaciÓn economica. >>> Él va a tener que conec ir una coaliciÓn de partidos suficientes para aprobar medidas. >>> la calle no darÁ tregua como se ha visto desde el primer minuto. la propia presidenta pidiÓ q

. >>> el abogado del presunt agreso que usted que a la fialÍa dijo que no hanld cios de un presunto abusoeue nos niÑos fueron acciÓn ademÁs porque no estan afectad ni fÍsica ni mentalmente. >>> ub versiÓn que losadres encuentrnsto ante yicen que es completamentefals >>> ya que de la propia voz de los hijos escucharon todo. >> llegaba casa diciendo fulano m tocÓ... y le toquÉ la co y... entonces ahÍ fue cudo lo empiezÁ interrogar. >>> mientras se aclara el caso padres de otrosiÑos estamente abusado sexualmente y otros desaparecidos tambiÉn han decidido alzara voz para pedir justicia para sus hijos. >>> la prÓxima seman se tendrÁ respuesta de la denuncia penal prentada en diciemb pasado a parr dentonces el abogado que representa a los padres de los niÑos llerÁ a cabo la guiente acciÓn e cdad de mÉxico elena lozano para l moto saas telemund >>> una noche de terrorn parte deex las sirenas de emergencia por eso inundaciÓnes no pararon de sar y las aguas arrasaron con broenteros una abuela y cuatro nietos estÁn entre las vÍctas dacuerdo con las autoridades. la furia del aguaubriÓ la casa de la

let's talk about italian banks, bringing back our guest, the cio at clymer benson. just want to get the numbers on unicredit. trades at .37. that is cheap. is that enough? >> well, all the banks are trading at discounts. i guess the case in italy specifically is that they're facing the big headwind of bad loans that they accumulated over the recession in recent years. by some estimates, close to 400 billion euros. combine that with all the regulatory changes, what european central bankers are doing, it becomes a very challenging environment. there is discounted valuation in italy. guy: what will it take investors to get convinced that they should be investing money here? there was an ipo last week, unicredit was the underwriter. yet this new fund had to take the bulk of the stock because investors on the open market weren't interested. how do we change that? does the government need to do more? there's so many questions surrounding the story. >> yeah. you are absolutely right. if you think of the single biggest reason why they are trading at a discount -- the only w

a new study from the afl-cio finds that earned 335. consider this.rned 42 times what the average worker did. >>> state plans to put 135 million it earned in marijuana related to tax revenue to good use. it's granting 1,000 scholarships to 25 students and the rest of the money to improving schools and drug addiction counseling and services for the homeless. >>> ahead, a cent nairian ran the 100-yard dash in how long? wait until you hear. >>> and sports is next. >>> and sports is next. thope to see you again soon.. whoa, whoa, i got this. almost there. i can't reach it. if you have alligator arms, you avoid picking up the check. what? it's what you do. i got this. thanks, dennis! if you want to save fifteen percent or more on car insurance, you switch to geico. growwwlph. it's what you do. oh that is good crispy duck. no, no, no, no, [music] people are both soft and strong... yey! which is why our products are too. angel soft. and we'll have to use like double! maybe mo

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as you migrate -- say you are a cio.s you migrate infrastructure into the next generation that will be required for you to be cheaper and faster and more nimble, the ability to write applications in a new environment, cloud dative and mobile, it is going to be important for you to have orchestration, monitoring software. everything has to be automated today. and so we have those kinds of opportunities in our software portfolio. so we play in quite specific areas of software that is a little different than, you know, erp systems, like an oracle or s.a.p. or salesforce. this is not really our market. emily: what about the cloud? what is the hp strategy when it comes to the public cloud? are you going to be a cloud, or sell to the cloud? and do you plan to take on amazon and google? emily: so our public cloud offering is really not designed to compete with azure or aws or google. what we see most enterprises wanting to do is not to put everything in a public cloud. so if you want only convenience, you might go to a public c

a report by the afl/cio shows that the average pay of a ceo at the s&p 500 company is nearly $12.5 million or 335 times that of the average employee. that is an improvement from 2014 when top executives earned 373 times the pay of the average worker. can you believe that? it's been trending higher as compensation is tied more to -- >> we need to become ceos. >> we need to get on that as soon as possible. but also, got a new study that finds genetically modified crops are not only safe, but may be good for people and the environment. the national academy of sciences and engineering and medicine does say it's led to more resistant weeds and insects. more than 90% of the u.s. grown corn is modified. >>> this is a good one, pot smokers in colorado are sending kids to college. >> how so? >> the high cost of college, pun intended. scholarships are being awarded on the legal marijuana and the growers pay more than $135 million in taxes last year. betty, back to you. >> all right, all up in smoke. thank you. >>> well, the major first for the u.s. military to tell you about. >>> plus, are more torn

i have tim campos, who is the cio of facebook. vargas, who's the ceo of hispanic scholarship fund. so, sometimes the miss could be that the person introducing these pioneers, trailblazers, or visionaries, can't make it because of their busy schedule. so, what i do, damien, is i make sure to contact these folks 3 months in advance. so, fortunately this year i have all the folks introducing the awardees that are going to be present at the summit. so, this year, in 2016, fortunately there are no misses. but in the past, you know, there have been some hiccups that a person isn't able to attend at the very last minute. so, i hope i'm not jinxing anything. everything is on page and i'm very fortunate as i mentioned to have manny, as well, be present at the silicon valley latino leadership summit. damian: well, thank you for driving down from san francisco and being on this show. i really appreciate it-- manny: i'm honored. i'm excited. damian: thank you very much. it's the annual latino leadership summit happening on may 14th. where at

investors should increase their investments globally according to the blackrock cio who manages justu go of broad and play the super long and there's tremendous monday -- money to be made on the 30 year. if i look at the spanish auction, the report and the treasury, not just the typical pension fund buyers. if you are buying the long and for capital gain, could things get more volatile? >> there is no doubt there is money behind this. there was hedge fund buying as well. i think the long and of the curve is part of what i think mario draghi is doing which is brilliant. he is trying to get issuance into the capital markets and the banking system is not lending as much as it has been. the long dated issuance, the way you should finance in a country is the long dated issuance. go into the pension insurance industry. it has to be priced right and as long as it is priced right, there is demand. we are seeing the pension insurance industry in japan and europe are looking for long dated assets insignificant size. are the yields going to be higher? yes, longer term you have to match a liabil

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a according to richard bernstein, the ceo and cio there, he says all it takes for cyclicals to outperformot repeat what we saw in 2015, which was a stronger dollar and more oil prices. alix: fed raises rates, the dollar goes higher, and boom. i'm looking at what is going on in venezuela. they are selling a serious amount of gold. they cut reserves by 16% in the first quarter. that was the biggest gold sale in eight years. this is a quarter by quarter look. you can see the biggest four out of the last five gold sellers actually came from venezuela. to repay we are going our debts, it is no problem. this is what they are doing, we gold.o sell we talked earlier with the director of the eurasia was talking about whether production would falter. yes it will, but probably not to the zero level, which some people said could be the scenario in a worse case situation. it raises the question of how much social unrest this generates, because venezuela has cut off to save on cash. >> it is that blood testing startup company over technology. --t company is being sued of sued over claims of false adver

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fixednicholas gartside, income cio at j.p. morgan asset management. "surveillance" is next.ne is in new york. francine will be hosting a panel on the global economy with the ecb vice president and the president of the federal reserve bank of chicago, charles evans. that is at 10 past the hour. european stocks have opened the monday session higher after two weeks of losses. it is sunny in london. i don't think it is going to last. ♪ tom: names making news in the news this morning. the great divide over what the fed will do. erik nielsen and unicredit on janet yellen, central-banker to the world. china talk the talk of a weaker yen and yuan. and a generational change in riyadh. the mystery that is saudi arabia's new oil policy. good morning. "his is bloomberg "surveillance from new york. '

what better way to start a global cio conversation? with meeat to have you this morning.ot to get through. i was just talking about the t, butquity bull marke let's start domestically. saudi for the crown prince's speech. but with your take away? grary: i don't think i have ever seen the leadership of saudi talks openly about the challenges ahead for the economy. so single strong reminded to getting this right. this ishat i have here, dubai stocks, what struck me is difference tono the european story. it is underperforming the other three. if the deputy crown prince is to be believed in terms of delivery, as this an opportunity? local markets are up by 15%. been veryave skeptical about saudi markets. they were losing sleep over it. as investors, we were right to be cautious. this is one market that has to underperform. it is down year to date and from the huge we saw when retail interest in the middle of blast year. you could easily see 15% on this index. it needs the crown prince's word to be put into action. manus: that is by dropping the production by 2020. they never

s/josé fuentes, analista conserdor "no va a suceder en una reuniónde arenta y cio minutos.aneso va a haber sucedido y vama ver un partido muy unido yfuerte para las elecciones".(nat tacos) mientras tanto elos pasios del congresonat tacos) activistas anti trump llevabanensaladade tacos a s oficinas de políticos como tchmcconell, el líder de los republican en el sena quien respalda al magne. s/ingrid vaca, activista"el día cinco de mayo él comióuna comida mexana y dijo queera deliciosa. la hipocresíque tiene este señor queremos demostrarle alepresentante e él coma y tambi dé enta que es u comidadeliciosa hecha r manos inmigrantes". lodemócratas tardaronn reaccior s/ chaes schumer,nador demócrata (n(schumer) "los republicanos y dona trump han tado cantandola misma canción en cuanto a política se trata"dijo el senad demócrata chuck schumer ien aseguro que esas políticas no reflejan los iereses de laclase media. s/randy serrano, @randytelemund hay quienes dudan que de aquí anovmbre el pardo republicanologre la unidad que necesita aunque otros están máoptimias. lo cierto eque est

part of the coalition we have on this includes not only labor, afl-cio, but also the u.s. chamber of commerce, the national association manufacturers and other major business groups in the united states. there is a very broad coalition that is supporting this issue. and if you look at all the polling across the political parties, there tends to be strong support for infrastructure. >> democrats' line, akron, ohio. james, hello. go ahead. >> yes. i'm looking at a lot of things. talking about infrastructure. first of all, ohio. that's what i'm more familiar with. we have trouble around the country and traffic jams are terrible in virginia. just peshterrible. all day long. but in ohio the gentleman just said about prevailing wage. we had in the beginning of president obama's term, we were supposed to do a rail system here. and everything was approved and would have created 30,000 jobs in ohio. and governor kasich came in and said we couldn't afford it and canceled that, and we've done well with jobs in ohio. but with the infrastructure, the roads, and the rail systems, all th

atap >>van: ala dug deeper, they uncovered otsuusrn s cio but the observations, ri it's as if... >>vaers at te house >> are identical, okay? int refter rt. and every one of them says "long-rmre movement, not structurally ge "long-term dfel met cturally damaged. >>va lawsuits sention on wul become the most controversial exn odan >>het ofg- dier mt. >> sullivan: it wae exusion quinn's insurance cousdeer for his foundation. "asd by long-term differential movement." ul it's known as earth mo, and 'sde a pre-existing condition. >> they said that it was long-term earth movement, it was dathe big cracks in my dath are before the sto. ullivan: and they said the h ved. long-term earth movement. >> lrm mt, which mysteriously is not covered by flood ins. >> sullivan: is it possible that rth ment exclusion ghben the best terestme, it is in fact in their policie an's written there and 'shat they're paying for? e ve no e there's an earth movement clusio our die id flood trauma break the foundations ths,s it le before?" they're making up fake facts to put it inhesi that's the pro. >> sullivan:

that has been resonating with cios and cto's we speak with. and that is why you see their enterprise business do so well. emily: are there any other small market share players you can see getting out of the business? paul: i think those localized players will come and go. which ones at now, time will tell. as we start to see the middle east come on board, and we see localized players in india, there are a couple of big name players that have been around that are facing challenges. from a hardware perspective, there is a turning point that could go out of business. sony is in that same space. i hate to call the demise of anyone but there's no question they are struggling to make money on hardware. microsoft is not out of mobile, they are just in it in a different, much more profitable way. emily: isn't nokia still licensing its name? paul: you will see nokia come back. they have made public announcements about that. the challenge is, they are trying to come back from how well microsoft actually took the brand. selling off the future phone space

cio joining us. welcome to bloomberg markets: middle east. guest: thank you.liet set up the g-7, but let's focus on the regional aspect. i have heard this speculated a gazillion times. the market could provoke some kind of reaction from the saudis. is a diwali ration and probable or just nonsense? evaluation is an probable or just nonsense? -devaluation probable or just nonsense? guest: it is probable. i think it is currently a strong force that has been made. it needs to be pursued in order to get back on track in terms of public finance. , when you importantly look at the economy, it does not make sense for saudi arabia to devalue its currency. [indiscernible] devaluing the that mainrency, impact would be a spike in not for the consumers, but the whole region, including the financial system. the question may come up again in a matter of years. evensw that fiscal break are around $70 or $80 per barrel in order to balance the budget for saudi arabia. further than that, it is petty nonsense. you are saying it would be a bad thing, but let's put it this way. you

. >> the afl-cio put out this report condemning ceo pay, but i was looking at what some of it executiveouncil members were making. six-figure salaries. the painters union spending $50 on wine bottles and the plumbers at a napa valley wine. charles: anaheim's population went up over 600% because in 1954 disney started construction on disneyland. if you have low skills there are very few places you can find today. >> i have to agree with gillian. there is a lot of hypocrisy. you can't have union presidents making hundreds of thousands of dollars saying they are representing the little guy who's working hard and making the same salary if not more than these high execs. >> a lot of these states where this is happening, it's not right to work states. it's taking union dues from the little guy. charles: who may not want to pay. this is a popular mess and. bernie sanders is killing it. he's gotten tens of thousands of people show up for his event. he's dominating the millennial voting. what's the deal in this country that we are turning on capitalism. >> mark called them useful idiots. this no

we go to the salt conference in las vegas for an interview with 400 capital management founder and cio11:00 a.m. in new york, 4:00 p.m. and london, and 11:00 p.m. in hong kong. i am vonnie quinn. mark: i am mark barton. you are watching the european close on bloomberg markets. we are going to take you from new york to london to las vegas in the next hour. here is what we are watching. stocks lower in europe and the u.s.. the s&p 500 retreating for the first time in five days. european equity sliding. today's bank rescue fund might be expanding the amount of funds available. we hear from the italian finance minister pier carlo padoan. softenan it

. >> you need smart cisos and cios who are doing this stuff. so i think it -- in those areas in which it applies, a certain retooling of your contracting workforce working in combination with cios and cisos is important. the same is true for big companies. when i've talked to people in big companies who are not deeply personally involved in i.t. matters, they're no more smart on this stuff than the average government official is. so i think it cuts across both -- both domains, buying smart in the i.t. area means you need -- you need to up the game of the people who are actually doing it. >> we have time for a very quick question, and last one yehere. >> thank you. ann, leapfrog solutions. thank you so much for your comments. i would like to ask you to elaborate on some of them with regards to your comments about standard setting entities such as underwriters and maybe even having some regulation regarding internet of things and security. i find that fascinating. would you elaborate on what current government entity might be capable of regulatin

neil: the former microsoft cio. stay humble. in your case it will come handy.et ahead of yourself. robert, thank you very much. i want to take you to cairo now. we are reading a statement from officials there who do seem to fit whatever brought this plane down was a terrorist incident. in this country, certainly at the white house we are making the same claim. at least not yet. more coming up. ♪ . neil: welcome back, everybody, i'm neil cavuto. you're looked at cairo, egypt, the parent there where authorities are going to update us of what they think so far of what they know about what happened in egypt air's final 30 minutes. they were flying from paris, on route to cairo and then 45 minutes away from landing, it crashed. it crashed in the eastern mediterranean. there had been a dispute that there was no wreckage found, but greek authorities says the wreckage has been found, including what appear to be life vests. too early to say but ashley webster with the very, very latest. ashley. >> yeah. egypt air that said there had been no confirmation to them of the d

dije ha robado, lÁgrimas, risas, corazones, entusiasmo y es algo interesante porque este bebÉ con m cio>>> es correcto como saben la prÓxima semana vamos a estar en nueva york, vamos estar transmitiendo desde ahÍ para ir calentando estos motores vamos a pasar con nuestra querida verÓnica albornoz que nos acompaÑarÁ en vivo desde la gran manzana la prÓxima semana y esÁa ahora asÍ >>> buenos dÍas vero >>> un beso enorme, muchachos tengo la alfombra rojo, vamos a tirar la casa por la ventana, literalmente vamos a ver lo que pasarÁ. querÍa aprovechar para preguntarles, ustedes tienen algÚn tatuaje que se hayan hecho por uno adradecimiento o se harÍan uno por agradecimiento. >>> yo tengo uno que represento a mis hijos y a mÍ >>> adita >>> no >>> muy bien >>> este creo que sÍ, eso estÁ bien >>> te harÍas uno vero >>> este tatuaje estÁ bueno por lo que se hizo con los niÑos >>> yo tambiÉn de mis hijos y agradecimiento de la vida de ellos, pero hubo un caso de un seÑor en nueva york que se hizo un tatuaje y este tatuaje si que tiene un significado muy especial para Él. >>> este hombre estÁ sorp

cobert i'm going to start with units something in the past i'd like to ask you with regards the cio andig relationship how would you characterize that from where it has been and where it is today and if he could speak to that. >> thank you congressman. we have been working across the agency to strengthen our effectiveness of our dialogue with the cio and i believe we have made real progress in a number of different areas. we have set up the cadence of regular communication at my level but the inspector general and currently acting inspector general on a biweekly races. the meeting get an overview of the issues. we have specific teams that were were -- made on a periodic basis as well around the ca ca1 procurement and we set up the same mechanism around the standup of the nbib even the oversight issues and making sure we get those rights i think we have made considerable progress in terms of the dialogue, the clarity of the communications. we welcome their input on what we could be doing better as we welcome input from our colleagues. >> you would characterize it as much improved and you

from that experience earlier this year, the cio met at the cio winter study to look at the infrastructures across the components to make sure the information and infrastructure is up to date, working and delivering the necessary services. we did a review and came up with a common approach to measuring and testing the analytical approach to see what works and what wasn't prioritized. it might be that they agree mema needs this before i need this because it's so critical and gained alignment on how to improve the infrastructure with much more commonality and an approach going forward. based on the discussion and the openness and the clarity. we are in the process of using the funding we have to most importantly prioritize about how we are improving infrastructure. i hope these underscore the opportunity to collaborate when it makes sense and still remain independent when it makes sense. the last piece of this is every employee, every colleague shoo shfeel i'm proud to be part of the coast guard. i'm proud to be part of cis, but i'm also proud to be part of dhs. we have a short video called a

in the next hour, we would hear from the cio of a cure.ico is poised to eight $242 million bond payment, the biggest people in the long-running debt crisis. should congress save the island? ♪ ♪ david: this is "bloomberg markets." time for a business flash a look at the biggest stories. slower paceg at a in the u.s. last month, still struggling with a stronger dollar and week mobile demand. demand -- we can global demand. baker hughes has a buyback back shares to supply organization to save $500 million annually after the collapse of the planned merger with halliburton. they will buy back shares totaling $1.5 million and debt of that, using the proceeds of the breakup fee. 200 dollars pay a current -- hulu is offering a new thing. the online video service is in talks with two of its owners, 20th century fox and walt disney, gaining rights to channels like fox and espn. hulu has not progressed as far with comcast, the largest cable operator. wherego to the markets julie hyman has a look at the snp's biggest winners and losers. julie: stocks

i think that has been resonating with cios and that is why you have seen the enterprise business do sol. emily: ryan, are there any other small market share players hanging on that you could see also getting out of the business? >> i think the localized players will come and go. no question about that. which ones right now, i think time will tell. as we start to see the middle east try to come onboard real strong, we are seeing localized players in india. there are couple big names that have been around that are facing challenges. we have seen a lot from htc, from a hardware perspective, i would say they are at a turning point where it could go out of business. sony is in the same place. these companies are struggling to make money on hardware and i tend to agree that microsoft is not out of mobile, just in it in a different way. and a much more profitable way. emily: isn't nokia still licensing the name to some companies? >> you will see that brand, that, no question. they have made public announcements about that. the challenge is they are trying to come back from how low microsoft t