>>> from the crowdstrike website?no sir. >> okay. >> given the revelations that we have had, is there a mechanism for there to be a greater amount of cooperation between crowdstrike, microsoft, and the other good actors, as opposed to the bad actors that seem to have a leg up in being nefarious? are there mechanisms in place where you are coordinating and working more closely and sing to prevent these types of issues in the future? stomach that's a great question. yes, in fact, the weekend of july 19, we began working very closely with microsoft, in order to ensure that our mutual customers had the benefit of us working together. and subsequent to that, last week, there was a meeting in microsoft as mentioned, where crowdstrike, and others participated in a sedan with microsoft to plan for future improvements and to ensure continued resiliency by crowdstrike and microsoft, and other companies as well. >> before my time runs out, is her mechanism for the community to be made more aware, in a layman's sense of what can

with the exceptional level of access that crowdstrike has, within a customers operating system, crowdstrike have an obligation to play rigorous, quality assurance processes for updates it receives and deploys, even if it is peak code. we are to determine if any of these things happened before the july 19 outage. i appreciate your commitment to ensuring that customers are protected against the most novel threats. but speed cannot come at the cost of operability. at the end of the day, even the best security product on the market will not do any good if it bricks a customer's operating system. this is not the first time this has happened to a company. it has happened and it will happen again. in 2007, a different security firm released a faulty update that resulted in the dreaded blue screen of death. in the aftermath, the company undertook a thorough review of what went wrong, and implement ed a series of changes to both its product architecture and the processes it uses to roll out updates. that is the process we want to see happen here. notably, it developed a mechanism to automatically ro

history, ahead of a crowdstrike hearing in the us. hello and welcome to business today. i'm steve lai. let's begin in the united states, where the biden administration has proposed a ban on chinese and russian hardware and software in connected vehicles in america. the rule will apply to nearly all newer cars and trucks, which have the ability to connect to wi—fi, bluetooth or satellite systems. it will mark a significant escalation in us restrictions on chinese vehicles, software and components. the bbc�*s ritika gupta has more from new york. modern—day cars are increasingly computers on wheels, collecting data through sensors and cameras, and the us government has concluded they can't be trusted. back in february, president biden ordered an investigation into whether chinese vehicles posed a national security risk, resulting in the proposed ban. if enacted, it would focus on text that connects vehicles if enacted, it would focus on tech that connects vehicles to the outside world, such as bluetooth, as well as driverless systems. there is currently minimal use of chine

>> this is a crowdstrike issue.ping any to scan for infrastructure remotely which could avoid this in the future? what are you a developing agentless technology to scan infrastructure remotely which could avoid this type of out in the future? i've have a number of platform to provide our customers include included attack surface management tools which can scan without an agent or a sensor in place. about or in order to protect and prevent threats you need to have that enforcement mechanism in place on the operating system to keep that from occurring. >> was last week i'm going deal back in a second period is there something in place? someone didn't catch it there is additional parameter before he went your content interpreter. is there now a process or something new and place to prevent that from happening again? >> yes, sir. >> thank you. the gentleman from california is a recognize for second round of questions. >> thank you bert owned the follow-up on the line of questioning ms. lee and i were going back and fort

later today, a senior executive at tech security firm crowdstrike will face questions from us congress about their disastrous software update that caused the largest global it outage in history. onjuly 19th, a bug—infested update was sent to millions of computers running microsoft windows around the world 7 crashing the systems of organisations from banking, to healthca re, and airlines. according to one estimate the disaster cost top us firms more than $5 billion. microsoft has announced changes to how it interacts with third party security firms. our technology editor zoe kleinman looks at the effects of the outage. thousands of flights grounded. doctor's appointments cancelled. tv channels falling off air. the it outage felt around the world injuly has been described as the worst cyber event in history. microsoft said around 8.5 million computers around the world were disabled after a cyber security company called crowdstrike sent out a corrupted software update to its nearly 2a,000 customers, many of them huge companies we rely on in our everyday lives. look atjensen. are we going

he's crowdstrike's ceo.xecs have at times been pretty much at odds, but it doesn't seem like that now. in fact, i thought this was kind of a wowsa moment. the stock's been on a roll since that terrible outage july 19th across the stock. it's rallied 38% from its low of 200 and change in early august to $277 today. you know i said the bottom was 230. that's still down more than 100 from where it was pre-wowsa. i'm a big believer in this one. but don't take it from me. let's speak to the man himself george curts the co-founder and ceo of crowdstrike to get a better read on the situation. mr. curts welcome back to "mad money." >> great to be with you jim. >> george-i think you're one of the people you address whud introduced mr. nadella. i'm one who's incredulous, didn't think this could happen. how did you two get to the point where you actually appeared at your conference? >> well, jim, you have to step back. july 19th happens and really what happened is two companies came together and put customers and secur

and what are crowdstrike going to do to prevent this going wrong in future?ever heard of could cause so much chaos, but it's also a reminder ofjust how fragile digital life can be and how little control we have over the tech which drives it. zoe kleinman, bbc news. us billionaire dan friedkin has agreed to buy everton football club. the deal — which gives him a 94 percent stake in the club — is still subject to regulatory approval.|t will make everton the 10th premier league team to come under american ownership. and that's it for this edition of business today. thanks for watching. hey, i'm ruby with the catch—up. tonight, zombie knives, a weather warning and a capybara reunion. crimes involving swords, machetes or zombie knives have almost doubled in five years, according to new figures. some of those weapons are set to be banned in england and wales from tomorrow. we spoke to matthew, a 20—year—old, who said that buying a zombie knife is as easy as getting a takeaway. he got his first knife when he wasjust 16. if you've got a bigger weapon, you've got more

so a company executive was called to account for crowdstrike's mistakes in congress. 0ur north americandent lily jamali went along to find out more. how did such a massive error happen? that is what lawmakers here on capitol hill were hoping to find out today. members of congress had asked to question the ceo of crowdstrike george kurtz, but the company sent adam myers who didn't take questions on his way into the hearing room. what is your message for lawmakers today? said he stared straight ahead, a press handler saying he would speak only with lawmakers. he he would speak only with lawmakers.— he would speak only with lawmakers. , . ., lawmakers. he began with an a-aolo . lawmakers. he began with an apology- we _ lawmakers. he began with an apology- we are _ lawmakers. he began with an apology. we are deeply - lawmakers. he began with an apology. we are deeply sorry| apology. we are deeply sorry and determined to prevent this from ever happening again. the outaie from ever happening again. the outage occurred after a rogue software update sent by crowdstrike disabled up to 8.5 milli

questions for crowdstrike — the boss apologises before the us congress.ll bring you a full report. is the shipping industry sailing too slowly towards its emissions targets? we'll find out why the next 12 months are "crucial". also in the programme are we approaching the end of the era of the wallet as more and more people leave cash behind 7 and a look at how the world of retail is changing. we'll hear from the boss of ingka about what it means to go "phy—gital". live from london this is business today, i'm sally bundock. we start in the united states, where donald trump has pledged the us would "take other countries�* jobs" if he returns to the white house. he's laid out his plans to slash taxes, lower energy costs and regulations for manufacturers that made goods on us soil. at a campaign rally in savannah, georgia, trump promised a "manufacturing renaissance" reiterating his pledge to punish american companies that manufactured outside the us, and slap large tariffs on foreign—made goods to protect us industries. not only will we stop our businesses f

tough questions are expected for crowdstrike later today, when one of its bosses will be grilled by uss, firstly, confirmation of the technical detail of what went wrong. secondly, what was the failure in process here? has a failure of process been identified? and, if so, thirdly, what has changed since, and what are crowdstrike going to do to prevent this going wrong in future? it may seem shocking that a company many people had never heard of could cause so much chaos, but it's also a reminder ofjust how fragile digital life can be and how little control we have over the tech which drives it. zoe kleinman, bbc news. a new study reveals octopuses are far from the solitary creatures we suspected they were. in fact, the study by the max planck institute of animal behavior suggests big blue octopuses socialise with fish to share the load when it comes to hunting. it appears these famously intelligent creatures help organise the group's hunting decisions. and if a fish isn't pulling its weight, the octopus might even give it a punch. who knew they were such hard taskmasters. we will be at

the ceo of crowdstrike testifies before a house subcommittee on the global impact of crowdstrike's software. and on thursday, the task force on the attempted assassination of former president trump hold a hearing on the

a crowdstrike executive has been explaining what went wrong. impacting airlines, businesses, offices, companies worldwide... the global it outage onjuly 19th led to aeroplanes being grounded, medical appointments being cancelled and broadcasters going off air. but how did such a massive error happen? that's what lawmakers here on capitol hill were hoping to find out today. members of congress had asked to question crowdstrike's ceo george kurtz, but the company sent its head of counter advisory operations, adam meyers, who didn't take questions on his way into the hearing room. what's your message for lawmakers today? ..meyers instead staring straight ahead, a press handler saying he would speak only with lawmakers. meyers began with an apology. we're deeply sorry and we are determined to prevent this from ever happening again. the outage occurred after a rogue software update sent by crowdstrike disabled up to 8.5 million computers using microsoft operating systems. who made the decision to launch the update? did ai do that or did an individua

the ceo of crowdstrike testifies before a house subcommittee on the global impact of crowdstrike's software. and on thursday, the task force on the attempted assassination of former president trump hold a hearing on the investigation of the secret service's security failures and its reliance on state and local law enforcement. watch this week live on the c-span network, or on c-span now, our free mobile video app. also, head to c-span.org for schedule information. watch live or on-demand anytime. c-span, your live view of government. sman dan newhouse, a republican of washington, and appropriations committee member and a member of the committee on u.s.-china competition. representative newhouse, good morning. guest: good morning. good to be with you. host: wanted to start with the latest on the continuing resolution. where does it stand in the house and what do you think needs to be done? host: we voted on that and it failed, and it was a cr until next month which included provisions to help secure our elections. it is important that we don't shut the government down. it has proven over his

a crowdstrike executive has been explaining what went wrong and what might be done to prevent futureech outages are impacting airlines, businesses, offices, companies worldwide... the global it outage onjuly 19th led to aeroplanes being grounded, medical appointments being cancelled and broadcasters going off air. but how did such a massive error happen? that's what lawmakers here on capitol hill were hoping to find out today. members of congress had asked to question crowdstrike's ceo george kurtz, but the company sent its head of counter advisory operations, adam meyers, who didn't take questions on his way into the hearing room on tuesday... what's your message for lawmakers today? ..meyers instead staring straight ahead, a press handler saying he would speak only with lawmakers. meyers began with an apology. we're deeply sorry and we are determined to prevent this from ever happening again. the outage occurred after a rogue software update sent by crowdstrike disabled up to 8.5 million computers using microsoft operating systems. who made the decision to launch the update? did ai

the committee will question a senior executive from the cyber—security firm crowdstrike, which causedeinman reports. thousands of flights grounded, doctor's appointments cancelled, tv channels falling off air. the it outage felt around the world injuly has been described as the worst cyber event in history. microsoft said around 8.5 million computers around the world were disabled after a cyber security company called crowdstrike sent out a corrupted software update to its nearly 24,000 customers, many of them huge companies we rely on in our everyday lives. look atjensen. are we going to disneyland? we're going to disneyland right now. jo and her children were among the thousands affected by the chaos. no explanation whatsoever. everybody wasjust, you know, crowding round people who worked at the airport. and they were just like, "we don't know what's going on." what's the point of making us stand here? we've been here since ten this morning. i was heartbroken at the end of it, actually. oh my gosh, i'm sorry. yeah. sorry. jo managed to get money back for the cancelled flights, but s

crowdstrike is down double digits about 12% since the global tech outage on july 19 led to world widend the world, the stock has been hit and there are lawsuits whirling around but the retention rate of crowdstrike has remained solid. in the. assassination attempt foiled yesterday by the secret service, former president trump in the crosshairs for the second time in just two months, will have any impact on the race for the white house. our political power panel shares their thoughts. from a very young age, this girl had a love for all things sweet but when she was diagnosed with stage two cancer at 22 she vowed to overhaul her diet, no dairy, no gluten or cheap oils but many of us cannot give up chocolate p cookies she decided to walk into a local whole foods to picture all healthy cookies to the pastry buyer, the rest is history, the first-order that lauren castle of sweet lawrence cookie dough has led to the company to it being company's 25000 stores nationwide, now she is really expanding a variety of cookie dough flavors, pizza costs under cross puff pastry, breakfast biscuit laur

later in the day crowdstrike senior vice president for operations testifies and global impact software update watch the house hearing live starting at 2:00 p.m. eastern on c-span three. watch both of the hearings life liveunder free mobile app c-spaw or online at c-span.org. >> now from capitol hill remarks by senate minority leader mitch mcconnell spoke about the israel hezbollah conflict after israeli airstrikes in southern lebanon sold nearly 500 people according to the public health minister. marking the deadliest day of conflict in lebanon since the 2006 israel hezbollah war. >> and it may 2000, israeli forcesw withdrew from southern lebanon. but, while the occupation ended, hezbollah's appetite for waging war on israel on the only group. further deadly attacks on israel invited the 2006 conflicts. the history of israel's fight to defend its northern border and innocent civilians against hezbollah bears eerie parallels to the story of brutal violence hamas has perpetrated from gaza. israel withdrew there in august 2005. and by 2007 they ran back terrorist had been to the enclave t

it failed us for crowdstrike. it failed us for palo alto networks.true strength. is that metric failing to show okta's true strength? >> over the long term the trends are consistent and bullish over the long term. if you look at security breaches, 80% involved compromised identity. so for a company to really shore up its security posture, they have to shore up the identity posture and we provide identity technology from core access management for employees to strong authentication for employees, to customer identity. we can impact revenue. we can cut costs. long-term it is a very bullish outlook and i think the issue that everyone is working through is what that means over the near-term. >> what does it say that some companies are saying you can't do this piecemeal anymore? you can't put an identity vendor with another kind of vendor. it is better to have oup to nuts. what is the response to someone who says that is what i want to do? >> some customers can't have one vendor to everything. even a medium-sized company will have thousands of vendors. th

as crowdstrike gears up to explain its disastrous software failure, we'll hear about the ongoing risksking workers? the main union is not happy. the british boss of superdry slams chinese fashion retailer shein over tax avoidance and the environmental impact of its shipping. and we'll hear from the boss of one of the world's biggest recycling companies about the global imperative to do more of it. live from london this is business today. we start today with a look at global it resilience. later today, a senior executive at tech security firm crowdstrike will face questions from us congress about their disastrous software update that caused the largest global it outage in history. 0njuly 19th, a bug—infested update was sent to millions of computers running

similar story for marvell tech and crowdstrike down 2.3% as well.. s&p and dow on track for the first down week in the last four. the s&p on track for the worst week since mid-april. the s&p down 2.5%. the nasdaq is the hardest hit down 3.13%. you want to blame tech for a big part of the weakness. the sector on pace for the worst week since july 19th. it also has been a tough week in the energy sector for oil. wti on pace for the fourth straight weekly loss. take a look. right now, you can see under a bit of pressure. flat, but fractionally lower right now. you have to keep in mind oil is coming off its lowest close since june of 2023 when we talk about wti back below $70 a barrel. brent crude is flat trading at $72.75 a barrel. that is the morning money set up. we get a check on the top corporate stories with silvana henao. silvana. >>> frank, good morning. let's start with salesforce announcing it is buying own for $1.9 billion in cash. this startup which specializes in tools for data for cloud based applications was valued at $3.4 billion in the

later in the day crowdstrike senior vice president for operations testifies and global impact softwaree hearing live starting at 2:00 p.m. eastern on c-span three. watch both of the hearings life liveunder free mobile app

also on tuesday senior vice president for counter adversary operations at crowdstrike testifies beforeouse cybersecurity subcommittee on the global impact of a faulty software update. on thursday the task force on the attempted assassination of former president donald trump hold its hearing on investigation into secret service security failures and its reliance on state and local law enforcement. watch next week live on the c-span networks or on c-span now. head over to c-span.org for scheduling information or watch live on demand anytime. c-span, your unfiltered view of government. ♪ >> the house will be in order. announcer: this year c-span celebrates 45 years of covering congress like no other. since 1979 we have been your primary source for capitol hill, providing balance, unfiltered coverage of government, taking you to read the policy is debated and decided all with the support of america's cable companies. c-span, 45 years and counting, powered by cable. announcer: listening to programs on c-span three c-span radio is easy. tell your smart speaker play c-span radio and listen to

here's that crowdstrike hearing i was telling you about. the company apologized on capitol hill for that massive worldwide outage back in july. one congressman called it like something out of a movie. caroline ellison, who's in that blue hat there in the back, one of the fraudsters behind the ftx crypto coin scam was sentenced to two years in prison. her counterpart and former boyfriend sam bankman-fried, got 25. ellison testified against sbf. the prosecution called her help invaluable, bloomberg reporting that artificial intelligence company openai has talked to the white house about building a data center so big it will use five gigawatts of energy and how much is that, you ask? well, that's as much as a large american city. the report says the talks are still in the preliminary stage, and that it would be very difficult to find a spot in the u.s. you could put a data center that uses the amount of power the city of miami does without having to build a huge number of power plants. well from the future to the past. the last full size kmart

here's that crowdstrike hearing i was telling you about. the company apologized on capitol hill for that massive worldwide outage back in july. one congressman called it like something out of a movie. well, from the last size, the last full size kmart in mainland america is shutting down. it's in long island. it will shut down next month. meantime, bloomberg reporting that artificial intelligence company openai has talked to the white house about building a data center so big it will use five gigawatts of energy. how big is that? that's as much as a large american city uses. the report says talks are still in the preliminary stage, and it would be very difficult to find a spot in the u.s. where you could put a data center that uses as much power as the city of miami does without having to build a huge number of new power plants. but this is going to be an issue. so five gigawatts, gigawatts, is one server farm. the entire production of nuclear power in america is about 90 mw. so yeah, it's a huge percentage. exactly all right. thanks, scott

adam myers, senior vice president for counter adversary operations at crowdstrike testifies before a house cybersecurity subcommittee on the global impact of the software update. the task force on the attempted assassination of it holds its first hearing on the investigation into the secret service's security failures and the reliance on state and local law enforcement. watch next week live on the c-span network or on c-span now, our free will video up should head over to c-span.org for scheduling information or to watch live or on-demand any time to c-span, your unfiltered view of government. ♪ >> this week on 2024 campaign trail, we are in asheville, north carolina where democratic vice presidential candidate governor tim walz was campaigning and in brooklyn where second gentleman doug emhoff was campaigning with spike lee. and in michigan where jd vance was speaking to voters. and in new york, unscripted moments with former president trump as he was en route to a rally to long island. first a look at reporting in charlotte on the gubernatorial race and comments he made allegedly o

meanwhile crowdstrike won big today. shares up 8%. spacex continues to add to its already massive constellation of satellites. early this morning, the falcon nine lifted off from vandenberg space force base near santa barbara, carrying 20 more starlink satellites into orbit. the satellites provide high speed internet to people around the world. right now, the company has over 6000 satellites in space. the goal is to get that number up to 30,000. the falcon nine will launch again in a few days, but it won't be carrying satellites. instead, it will bring a new crew to the international space station. as we mentioned earlier, early voting is underway in some key swing state the city hall insiders have a formula: grow the system, exploit the system. take mark farrell's record. after receiving the largest ethics fine in city history for breaking campaign laws. mark authorized a commission almost every year he was in office. he was even caught taking donations from people he would then appoint to commissions, including a felon convicted of

senior vice president for counter adversary operations at crowdstrike testifies on the impact of a faultyare update and the task force on the attempted of donald trump holds a hearing into the security failures. watch live on c-span or c-span now. head over to c-span.org for scheduling information or watch live anytime. c-span, your unfiltered view of government. ♪ >> we are funded by these television companies and more including charter communications. >> charter is proud to be recognized as one of the best internet providers and we are just getting started building 100,000 miles of new infrastructure to reach those who need it most. >> charter support c-span is a public service along with these other television providers, giving you a front row seat to democracy. ♪ ♪ ♪

crowdstrike has apologised at a congressional committee hearing forjuly�*s global it outage which disabledor some hospitals to cancel appointments and delay operations, knocked payment services off—line and grounded flights. we are deeply sorry and we are determined to prevent this from ever happening again. a major international study suggests there's been a sharp rise in what it calls problematic social media use among young people since the pandemic. researchers on the health behaviour in school—aged children study surveyed almost 280,000 children aged 11, 13 and 15 across 44 countries. the report's authors say more action is needed to promote healthy online behaviours. and james cameron, director of majorfilms including titanic and the terminator, has joined the board of artificial intelligence company stability.ai. in a statement, cameron said he'd spent his career seeking out emerging technologies that push the very boundaries of what is possible. he went on to describe the intersection of generative ai and cgi image creation as the nest wave set to revolutionise film—making. now, we

i think a lot of people have crowdstrike. he'll come in from vegas.dge. they're private but the company everyone is most worried about because they can help you keep your data. keep your data is everything. t-mobile and numbers from apple and what you'll see with salesforce with agentforce, it's not going to end. it's just beginning. these are very important stocks. >> lennar -- >> absolutely. >> i love pictures of you and lisa at the concert. >> i have one of my executive producer stepping out of the waymo trunk because waymo discovered she was in the trunk. we didn't have enough seats. >> dedicated, whatever it takes. ride in the trunk. >> when you see her get out of the waymo trunk you'll realize it's regina. >> jim, amazing work continuing all week long. >> we're just getting started. >> "mad money" 6:30 eastern time. >>> dow up following this day after the fed cut. you're a rock star. we're all rock stars. oooo look look at my data driven insights, i'm a rock star. great job putting finance and hr on one platform with workday. thank you! guys, ca

plus, we speak to a victim of the largest it outage in history, ahead of a crowdstrike hearing in the biden administration has proposed a ban on chinese and russian hardware and software in connected vehicles in america. the rule will apply to nearly all newer cars and trucks, which have the ability to connect to wi—fi, bluetooth or satellite systems. it will mark a significant escalation in us restrictions on chinese vehicles, software and components. the bbc�*s ritika gupta has more from new york. modern—day cars are increasingly computers on wheels, collecting data through sensors and cameras, and the us government has concluded they can't be trusted. back in february, president biden ordered an investigation into whether chinese vehicles posed a national security risk, resulting in the proposed ban. if enacted, it would focus on text that connects vehicles if enacted, it would focus on tech that connects vehicles

alth committee, then at 2:00, a hearing on the global impact of the faulty software update from crowdstrike in ju that forced 8.5 million microsoft windows devices off-le. these events will stream live on the c-sp n video app, or online at c-span.org. >> c-span is your unfiltered view of government. we're funded by these television companies and more, including comcast. >> are you building just a community center? >> no, it is way more than that. >> comcast is partnering with 1000 community centers to create wi-fi enabled lift zones, so students from low income families c get the tools they need to be ready for anything. >> comcast supports c-span as a public service, along with these television providers, giving you a front row seat to democracy. >>

crowdstrike is apologise at a committee about an outage which disabled millions of pcs.ents and delay operations. knocked payment services off—line and a grounded flights. irate services off-line and a grounded flights. we are deeply sor and grounded flights. we are deeply sorry and we — grounded flights. we are deeply sorry and we are _ grounded flights. we are deeply sorry and we are determined - grounded flights. we are deeply sorry and we are determined to | sorry and we are determined to prevent this from happening ever again. fix, prevent this from happening ever again-— ever again. a ma'or international �* ever again. a major international study | ever again. a major - international study suggests that has been a sharp rise in body because problematic social media use among young people since the pandemic. research is on the health behaviour in school—aged children study severed almost 280,000 children aged 11, 13 and 15 across 3a countries. the report was make authors stable action is needed to promote healthy online behaviours. and james cameron, director of majo

he's crowdstrike. crowdstrike had a mishap in july that shut down a lot of computers.st no clients. he said that yesterday. just a couple percent which is remarkable given the fact that a lot of people were angry hp he did touch basis with everybody possible and said i'm sorry. satya nadella joined him, listen by zoom, or by teams or whatever, but what matter ts is that george had been very critical of microsoft. those days are over. they're working together. that is very threatening to the rest of the industry. it's positive crowd ststrike ha bottomed. >> that's incredible given the sentiment around the name during that crazy week. congratulations again on an amazing week. viewers are richer every time you go out there. what about tonight? >> we have hp. everybody knows hp. people use the pcs at work, but the stock has been okay. a major breakout, gary hasn't spoken in ages, how big the -- really the inflection is. i like that stock. and then okta, you heard what george said about cyber security. it's still hot. todd mckinnon does identity software. all of us keep get

plus, we speak to a victim of the largest it outage in history, ahead of a crowdstrike hearing in theistration has proposed a ban on chinese and russian hardware and software in vehicles in america. the rule will apply to nearly all newer cars and trucks, which have the ability to connect to wi—fi, bluetooth or satellite systems. it will mark a significant escalation in us restrictions on china. the bbc�*s ritika gupta has more from new york. modern—day cars are increasingly computers on wheels, collecting data through sensors and cameras, and the us government has concluded they can't be trusted. back in february, president biden ordered an investigation into whether chinese vehicles posed a national security risk, resulting in the proposed ban. if enacted, it would focus on tech that connects vehicles to the outside world, such as bluetooth, as well as driverless systems.

senior vice president for counter adversary operations at crowdstrike testifies on the impact of a faulty software update and the task force on the attempted of donald trump holds a hearing into the security failures. watch live on c-span or c-span now. head over to c-span.org for scheduling information or watch live anytime. c-span, your unfiltered view of government. ♪ >> we are funded by these television companies and more including charter communications. >> charter is proud to be recognized as one of the best internet providers and we are just getting started building 100,000 miles of new infrastructure to reach those who need it most. >> charter support c-span is a public service along with these other television providers, giving you a front row seat to democracy. ♪ ♪ ♪ host: i want to introduce you to james allen junior. the book is called off my chair, from death row to freedom. mr. allen -- guest: wow. good morning to you. mr. sylvester, a good human being, a great person. that is who he was and he deserved all the money that this man has to offer, like the rest of us. such a gr

questions for crowdstrike — the boss apologises before the us congress. the era of the wallet as more and more people leave cash behind ? and a look at how the world of retail is changing.

. -- on the global impact of crowdstrike. on friday, the attempted assassination of former president donald trump holds its first hearing on the investigation of secret security failures. watch this week, live on the c-span network or on c-span now, our free mobile video app. also, head over to c-span.org for scheduling information or to watch live or on-demand anytime. c-span, your unfiltered view of government. >> washington journal continues. host: joining us now is dana milbank. he is a washington post opinion columnist and author of the book coming out tuesday, ". the hil -- "fools on the hill." good morning. guest: thank you for having me. host: quite a title. i had to make sure i was reading it right. the title gives us a good idea of what it's about but tell us what you focus on and the time period you're looking at. guest: it tells you where i stand, totally with an open mind on how these guys have done. i've been a columnist for the washington post for more than 15 years. i covered congress in the 1990's as an actua

subcommittee on the global impact of the crowdstrike software update. thursday, the task force on the attempted assassination of former president trump holds its first hearing into the security failures and its reliance on state and local law enforcement. watch this week live on the c-span networks or on c-span now, our free mobile vid application. www.c-span.org, for scheduling information or to watch live or on-demand anytime. c-span, your unfiltered view of government. announcer: c-span is your unfiltered view of government, funded by these tv companies and more including media,. >> 30 years ago mediacomm was founded on a powerful idea. from coast-to-coast we connected 850,000 miles of fiber. mediacomm, decades of delivery, decades ahead. >>ediacomm support c-span, giving you a front row seat to democracy. host: this it "washington journal" person day, september 22. with a month and a half until election day, vice president harris and former president trump are ramping up their time on the campaign trail making the case for why voters should elect th

as we know from their crowdstrike outage cybersecurity spending has actually done pretty well on andurvey suggests there should be an uptick as a result of their outage. on the semiconductor side, look, every hyperscalers has told us they are over-investing in ai infrastructure build up. granted, you know, 60% of the dollars are going to nvidia, but the remainder, i would say, broadcom, marble, we saw the print from marvel was strong. because all of these hyperscalers are focusing on custom chips. at the end of the day, whether it is amazon or google, they want to do their in-house chips, as well as a lot of the enterprises focused on compliance aspects of gen ai. they don't want to build everything on the cloud. a company like -- like broadcom that is giving you all of the basic infrastructure you need, whether it is on the networking side or the custom chip development, they should benefit from the trend and capex spending we are seeing. ed: broadcom may not see -- say it explicitly, but broadcom helps google with its tpu. about hewlett-packard enterprise? in this stage in earnings

why do you want to buy crowdstrike? a little bit of time left. >> cybersecurity is a total addressable market. retention was 98% in the quarter. they are not on losing that much business. they are the number one player on sale. >> stephanie link, thank you. one more quick look at futures. s&p and nasdaq have touchurned o over the hour. "squawk box" starts right now. >>> good morning. nvidia says it has not, not, not received a doj subpoena. rejecting the report from tuesday on the contrary which sent that stock spiraling. >>> meantime, the administration is planning to block the u.s. steel deal. >>> and we will look at the tax proposal to raise the capital gains tax, but not as much as president biden wanted to. it is thursday, september 5th, 2024 and "squawk box" begins right now. ♪ >>> good morning. welcome to "squawk box" here on cnbc. we are live from the nasdaq market site in times square. i'm becky quick along with andrew ross sorkin. joe is out today. he is feeling a little bit under the weather. let's look at u.

you look at zscaler and cr crowdstrike. 1995 moment.t's not a 1999 bubble moment. >> where do they finish the year? if you think tech rises 10%? >> 15% to 20%. i think these are specifically areas where i think you have just a huge parabolic run. >> the tech sector 10%? >> you will see mag seven and big tech continuing in the left lane. >> dan ives, thank you very much. >> thank you. >>> coming up, a live report from north carolina with the wake of helene aftermath and the construction costs estimated to be in the billions. we're back after this. apting... deepfake: hey handsome. ♪♪ [inner monologue] ...always iterating. ♪♪ did you ever worry we wouldn't get to enjoy this? [jeff laughs maniacally] (inner monologue) seriously, i'm on the green and all i can think about is all the green i'm spending on 3 kids in college. with empower, i get all of my financial questions answered. so i don't have to worry. empower. what's next. at pgim, finding opportunity in fixed income today, helps secure tomorrow. our time-tested fixed income suite, ba

. >> leto delta which addressed te crowdstrike outage from july the shares had moved higher in the sessionnerally, the industry has been losing money to investors for years. there are many problems. crashes, lawsuits, regulations so there are many things that can go wrong in this sector and they usually do. the price to earnings ratio, the average of the sector is only five and that's a very low ratio compared to other sectors. it shows that people are not very enthusiastic with the sector we don't think there are many, many more places to put your money and generate better returns. >> shares of signet jewelers upbeat good outlook rebounding engagement sales. what do you think? >> so, unfortunately, diamonds are not forever when it comes to signet and i think there's a new trend coming up with lab grown diamonds we do see today 18% up the stock, but that's because of better than expected news. however to us, it's a long-term sales. the stories of lab grown diamonds are taking away market share from classic providers and the reason is that diamond prices have dropped by 30% in the last year