cti members are deeply committed to ensuring it is a trusted and effective resource for the american public so the recent false alert in hawaii underscores the importance of the functionality and integrity and credibility of our nation's emergency alert system. with that in mind, my testimony will address the vital role that wea plays, our ongoing effort to enhance the capability and the importance of maintaining the system integrity. a decade ago this committee recognized the value of wireless emergency alerts to reach nearly every american. now, has more than half of american households are wireless only, wea has become an essential tool for public safety officials to reach americans wherever they are. wea is part of our broader national alerting system. federal, state, and local authorities transmit emergency messages to fema. they distribute them to the various national alerting systems and wireless providers provide wea messages to the targeted area as determined by alert authorities. wireless providers do not control message content and do not exercise discretion over whether t

given the expanding public safety mission for wee, cti supports the fcc proposed geo-targeting framework which can help public safety minimize overalerting through innovative, device based solutions. significant standards, deployment and testing work till need to be done to support this capability. for this reason, we'll be challenging the fcc's propose timeline 2018, but the wireless industry will work intently do so. finally, the false afirst alert hawaii underscores the public confidence in our national alerting systems must remain our highest priority. alert originators must send warnings appropriately and jaw di dishsly, and they mut must provide mess anls to the targeted area. we must work quickly to identify lessons learned from stleent and we appreciate the call for additional best practices. there will be many lessons learned, but this event also demonstrates that the technical capabilities of the wea system work. for this reason policymakers and the public should have confidence that in the event of a real emergency authenticated information can be disseminated rapidly and effe

one disappointing number we see month after month after month is we saw wage growth up 2.5% against cti a real wage growth here at .3%. that's not good enough, and we are committed to get real wage growth in this country, and we do believe you will see it over the course of the next year or two. shery: coming up on "bloomberg best," more of the stories that shaped the week in business and finance. the band is over for steve cohen and he can manage outside capital again, but his new shop looks very different from his old one. >> he has hired a compliance team with 50 members. shery: this is bloomberg. ♪ ♪ shery: welcome back to "bloomberg best." i'm shery ahn. let's continue our global tour of the weeks top business stories in washington, where the fomc released the minutes of the december meeting. >> the federal reserve out with december minutes and they expect tax cuts to boost consumer and business spending, though they remain unsure of the impact of the new tax law overall. they show strong support for further gradual rate hikes from setting the stage for another .25 point hike in ma

cti support the ftc's rule -- framework which can help public safety minimize through innovative solutions. significant standards deploymeno support this capability. for this reason we will challenge to meet the fcc's proposed timeline of november 2019 through the for the wireless industry will work and family to do so.ne finally the false alert in hawaii and discourse of public confidence in our national alerting system and the remains are high is pretty. fema must send messages quickly and echoing providers must deliver messages to the targeted areas. we commend this committee and chairman pie to learn lessons learned from this event and appreciate commissioner rosenworcel's call for additional -- this event demonstrates the technical capabilities of the way the wea system works. policymakers a publisher conference in the abandoned guerrilla merchants he authenticated information will be sent rapidly through the emergency alert system. cpi is proud to play a role in our national or system pants is committed to working collaboratively to maintain public confidence. thank you for the oppor

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