that is a great first step is being able to analyze data data. you bring it in, put it on the filesystem and it pushes the data to compute resource is sent in a couple minutes a couple hours, couple days it gets you some answers that you wouldn't be able to get through traditional not maddox. although that is not really real time. as we move forward, that is not really good enough to start to take these proactive actions. we need to start thinking about technologies that allow us to solve this data in real time, to crunch millions and millions of transactions and correlate events across different data streams so i can see what is happening on the sensor, see what is happening in the social idiocy or how my brain all back together together to gain new insight. in order to do that, you need something that will allow you to process data in real time using something called streaming analytics. has anybody heard that word yet? it is about being able to ingest all of this data. so if you think about the data as sort of haystack flowing through the netw

the big data users means quick data and it means slice data, which is secure data or you can create different channels. big for streaming and you see many cases able to support virtual orality applications and trade workers and displaced means as i mentioned security. today the infrastructure makes some of this capability is hard to deliver because there's many router hops between the end-user whether it's a government agency, government from the small business or home owner. as many as 15 router hops and we are focused on moving to a gate where possible like we've seen in chat newco, tennessee between the end-user and the first router but we are also looking for computing and storage so the response time is in the milliseconds instead of seconds. this is proving valuable for the applications we are hoping for going forward. the national science foundation has funded a number of buffers along the lines, roughly 55 universities across the country to a program of network innovation that they focus on computing capabilities and highly secure networks that enable applications we all want in citie

when i have the ability to put sensors out there to integrate data streams from all these different data sources and to be able to simultaneously coordinate events that are happening within my network and the social media realm and my ex-turtle agencies and other departments and when i can bring all of that together and be able to make sense of it and use it, then i can get back ahead of the curve. and i can turn an event into an opportunity and reduce the impact. i have a much quicker reaction time. >> overall the benefits, you have this improved situational awareness. when i put sensors out there and integrate all the different data, i can start to see a bigger picture and i can understand more of what is going on and i can be proactive on my cybersecurity stance and i understand what exactly is happening. it can prevent things like what we are hearing across the agency. but we all know what has happened recently. and this day and age we seem to see that more and more everywhere returned. and we've seen the side effects of this, if we were able to tie that together. the problem is we c

when we look to the unemployment data, the labor market data that comes out of the u.k., are we goingget that wage growth continuing to improve? david: that's the main indicator that people were watching the u.k. economy. that's going to trigger the mpc to raise rates. underlying wage growth is about 2% right now. they used to have this unofficial threshold of 4.5% that would be consistent with price stability. it is rising and that points to a rate hike probably around february. jonathan: were you surprised by the not so's -- not so super thursday last week? david: the big picture was still in line with the tightening of monetary policy in the u.k. the big picture hasn't changed. jonathan: u.k. jobs data in focus later this week. thank you, david powell of bloomberg intelligence. six minutes into the trading session in greece. a choppy session last week on the athens stock exchange. let's have a look this morning, up 2%. greek banks were in focus last week. it was limit down, down, down, then sideways. bring up the markets for the wider eurozone and the rest of europe as well, the ft

we can use and leverage the data that is provide he state and federal level to make changes for thisopulation rather than continuing to collect data that is onerous for the hospitals and recorded in other areas we'll to ask the commission to have dpw work with the hospitals to a come up with an ordinance to make it more use full in improving the health of this population thank you. >> thank you. >> good afternoon commissioner cut me off if i go past. >> you get 3. >> oh. >> kaiser permanente as many of you may know in the reports we're a volunteer reporter we're unique combination of health plan, medical group and hospitals we participate and have from the beginning we believe in the purpose of this as mabus stated to improve the coordination understanding and- but the most important part mabus highlighted about the affordable health care act it changed the entire landscape of how this activity is recorded it didn't just reduce the number of charity group patient addresses the expenditures that unified something bigger than providing treatment for disease it emphasized community well

to important media articles about data breach and consumer data security issues. you can find all the information about that, how to subscribe at our website, nclnet.org. thanks. >> thank you, john. steve, your thoughts. >> thank you, debbie, thanks for inviting me. i'm president of the american consume institute. we're a 501(c) educational research institute. it's a pleasure to be here. we've heard quite a good baseline for the discussion and i want to emphasize a few points and add in a few new ones here so i will be pretty brief. there is a lot of statistics out there used how bad things have been last year and year before that. some of the statistics like 1/3 of americans had their information compromised and data breaches. there was another one twine 40 and 45% of companies had data breaches in the last year. i mean, the importance of this issue can't be, you know, overlooked. i mean we're talking about the need for better security along all steps of this, for better protection against data breaches. reducing fraud. and here with the signature still in play,

they can't be able to access point-of-sale data. so you're not just allowing access to your enterprise with the username and password. it's how they are connecting, where they are connecting from, what time of day it is and what the title is, you want to segregate access on the network and all of this is done before. and there are many technologies out there and we offer them in the competitors offer them. it is important that the best that we have the block. and that is what we are getting back to business for. and we are saying that it can no longer be parameter-based, and needs to be based upon threats. are you looking for the threats. are you using your platform. all the things that you have at your disposal and the visibility is critical. now, that is part of the standard network and we have an on the ford. so if we apply this, we have pretty much a standard data diagram here. and when you start adding this you need to add things like a connectivity platform that takes into account when making small progress, all the things. [i

the people with expensive data plan can have access to information and economy.y breaking down the digital divide and giving people across the spectrum the opportunity to information and giving them mobility and freedom. >> particularly by investing in connectivity in park spaces we are also ensuring the connection to digital inclusion opportunities and parks are designed for all neighborhoods. >> people are on the move. they are no longer chained to their desk tops at home. people can accomplish a lot and we prefer them being here an enjoying the outdoors and nature. given all the mobile community and mobile information that's available. we thought it was important to make it for our parks acceptable for everyone and give everyone the opportunity to live and to work and be at the parks at the same time. >> our full mission in life is to give them access to the internet, give them access to information. in san francisco you don't have to be bottled up in an office. you can be around and enjoy your work anywhere. it's great for the local community here and it mean

obviously a consumer that creates data should have some rights in that data. the question is the service provider, if they own data. this goes into a lot of the areas of the internet, to not just the internet of things. what is the trade-off that is involved? it is fair to say there should be transparency as to who is using the data, as to who owns it and can retain it. i would say that depends on the level of personal information in the data. whether or not you are using your windshield wipers, for example, is the type of data that can easily be collected and shared, provide information on where it is raining without a lot of consumers saying, that is fine. as opposed to something more personal when you get into the health sphere, when you should determine what happens with your data. >> thank you. i believe that will start a dialogue that will continue. the gentleman from texas. >> thank you, chairman. gentlemen, thank you for being here. i will try to break this down and keep it very simple. the issue is privacy. the time of the dick tracy watch is here. ou

we can use and leverage the data that is provide he state and federal level to make changes for this population rather than continuing to collect data that is onerous for the hospitals and recorded in other areas we'll to ask the commission to have dpw work with the hospitals to a come up with an ordinance to make it more use full in improving the health of this population thank you. >> thank you. >> good afternoon commissioner cut me off if i go past. >> you get 3. >> oh. >> kaiser permanente as many of you may know in the reports we're a volunteer reporter we're unique combination of health plan, medical group and hospitals we participate and have from the beginning we believe in the purpose of this as mabus stated to improve the coordination understanding and- but the most important part mabus highlighted about the affordable health care act it changed the entire landscape of how this activity is recorded it didn't just reduce the number of charity group patient addresses the expenditures that unified something bigger than providing treatment for disease it emphasized community we

that is the data out of france. pmi data out of germany in 30 minutes, out of the eurozone at 9:00 a.m. u.k. time. we also got pmi data out of china today. it missed estimates. juliette is in hong kong. juliette: good morning, mark. not a great day in asia. i will start with this picture because it sums up the red we saw. this is the asia-pacific index -- it is at its worst weekly loss since 2011 and stocks are holding at their lowest level since february, 2014. you can see every sector on the asia-pacific index in the red. we are closing up in china, flirting close to that 35000 poi level, whichnt means government intervention. the shanghai composite is down 4.2%,%, -- down officially entering bear market territory. they close down by more than 2%. taiwan is off by 3%. three markets in asia are now in bear market territory. the south korean index, to added to the woes, is having his worst close in two years. all the equity selling that we have seen globally, the weaker oil price, and the tension between the north a

is tricky we need data to be honest and data not to be punitive but data to correct what we are doingis not right so i think we walk a fine line; right? we want you to report everybody and honestly even though sometimes, it is not good news and the trigger for height i'm sensitive to the fact we're not listing by schools we don't want to punish schools but help schools; right? and in the implementation of the even more restorative process to mriven that kind of data is important i'd like to see that and of the specific supported schools resolution he think that i was really, really interested in were the referrals because it was so undocumented and it was so broad of a categories what you, be referred to out of classroom when we look at the suspension rate that was decreasing but really the loophole railroad the classroom referrals in those numbers it is almost shocking the amount of time lost so we can have that that would be great and then i want to is my other concern about restorative practices i was one of the authors i want to make sure we are he continuing our commitment so i'l

of time we've gotten feedback if 85 percent of the residents along the corridor we are crushing the data to get an idea how to best constrict our subsequence to maximize the speed up of construction and maximum misses the improvements to the corridor. >> the counter item before you today is to award the preconstruction services portion of our construction manager general contract essentially we're bringing on a general contractor and 4 subcontractors to help us to fine finalize the construction plan for the projects this is an ultimate delivery program but we can get benefits having the contractor with us over the last several months of design as particular in reaching out to the community with our construction subsequently plan and the traditional process mta staff or consultants will pit together a subsequence that we will reach out to the community once the contractor is brought on board we have the obligation to use the carcinogen plan we be in agreement with the contractor and no significant variation between meeting up with the construction once we get into construction there are a

given these recent data breaches, it's no surprise that data security is at the forefront of many consumers' minds. congress is trying to work in a bipartisan manner on efforts to improve public and private cybersecurity measures, but less attention has been paid to the issue of improving payment security measures. and while we certainly need more robust cybersecurity measures to protect sensitive financial data, we also need front line measures that will stop criminals who try to use stolen banking and credit card information. the most common credit cards, like the ones you have undoubtedly been using, date back to the 1970s. they use a magnetic stripe on the back of the card which houses our financial information along with a signature for authentication. but as we all know, thieves have all but mastered the ability to exploit the weaknesses of existing credit cards. what's more, they can use stolen financial information to exploit the weaknesses of existing credit cards. what's more, they use that financial data to create counterfeit cards to run up fraudulent transactions and steal from

is tricky we need data to be honest and data not to be punitive but data to correct what we are doingis not right so i think we walk a fine line; right? we want you to report everybody and honestly even though sometimes, it is not good news and the trigger for height i'm sensitive to the fact we're not listing by schools we don't want to punish schools but help schools; right? and in the implementation of the even more restorative process to mriven that kind of data is important i'd like to see that and of the specific supported schools resolution he think that i was really, really interested in were the referrals because it was so undocumented and it was so broad of a categories what you, be referred to out of classroom when we look at the suspension rate that was decreasing but really the loophole railroad the classroom referrals in those numbers it is almost shocking the amount of time lost so we can have that that would be great and then i want to is my other concern about restorative practices i was one of the authors i want to make sure we are he continuing our commitment so i'l

let me just go back for a moment to data analytics. it actually entered our first set of data. after you know, it was this time last year you were approving the abcd and we now have data and we are actually -it's exciting to have entered data. that's from marina was also at that time. >> if i might, in terms of a telephone number for the hss board. i like to at least have that part of this broadcast. >> absolutely part of this broadcast. >> absolutely part of this broadcast. >> absolutely >> 415-554-0662. the e-mail is health.service.board. at sf dog.org. >> thank you. i just added some items of note. you referred to them earlier to my commissioner scott. the mergers and it positions continue both at the insurer level and at the provider level. the largest ever is the anthem is acquiring cigna. it's still being contested in terms of monopoly power. but it will-it shows that the market is narrowing down for from five dollars to three. in terms of the insurance market. uht will remain the largest in terms of revenue, but anthem will have a larger customer base once-if this goes t

stolen and much of this data was highly confidential data. social security numbers and other kinds of ada that hackers could use to really get their private information about people. i'm not so concerned about who's paying for it to make sure that people get robust protection. >> guest: david veach legislation is something that's popular in congress and their support of both sides of making one notifying standard or companies to notify their customers after a breach. we still have not seen that legislation go very far. if that's something we could still see after this congress? >> i think given the events with opm added to the breaches we saw last year with so many large corporations. i think the urgency is increasing and i think perhaps this fall in congress comes back from the august recess we may see more of the information to bring this legislation certainly to committee. we have had some hearings in my committee but to bring it up for a markup and ultimately for passage. many of these are pretty common sense and would seem to me they wou

we can use and leverage the data that is provide he state and federal level to make changes for this population rather than continuing to collect data that is onerous for the hospitals and recorded in other areas we'll to ask the commission to have dpw work with the hospitals to a come up with an ordinance to make it more use full in improving the health of this population thank you. >> thank you. >> good afternoon commissioner cut me off if i go past. >> you get 3. >> oh. >> kaiser permanente as many of you may know in the reports we're a volunteer reporter we're unique combination of health plan, medical group and hospitals we participate and have from the beginning we believe in the purpose of this as mabus stated to improve the coordination understanding and- but the most important part mabus highlighted about the affordable health care act it changed the entire landscape of how this activity is recorded it didn't just reduce the number of charity group patient addresses the expenditures that unified something bigger than providing treatment for disease it emphasized community we

or data sharing?ce again, i think the government does not have a right to send in some bureaucrat to examine the records of air b & b's hosts. that's -- we talk about the nsa. >> yeah. >> and now we have a municipality saying that we want to inspect the records of your hosts. >> but aggregate? >> that's not the free enterprise. >> if it's aggregate and itemized -- >> if it was aggregate and itemized maybe that's reasonable, but this proposed ballot proposition. they want every ounce of data about air b and b host. it looks like air b and b will be on the ballot in san francisco in november so it will be very interesting and it will be very public. >> private companies should not be forced to hand over data about their users. that is an invasion of privacy. >> on the other hand, if they did willingly hand over the data maybe they could resolve a lot of these concerns about air b and b that are misfounded, right? companies can use this data and by actively sharing their data to essentially make clear to

because there were massive, there was massive amounts of data that was stolen, and much of this data was highly comfortable data; social security numbers, other kinds of data that hackers could use to really get very private information about people. so i'm not so concerned about who's paying for it as to make sure that people get robust protection. >> data breach legislation is something that is pretty popular in congress. there's some support on both sides, democrats and republicans, of making sort of one notifying standard for companies to notify their customers after a breach. >> guest: yeah. >> but still we haven't really seen that legislation go very far. it doesn't seem like it's on leadership's radar right now. is that legislation something we could still see happen this congress? >> guest: well, i think given the events of this spring and summer with opm added to the breaches that we saw last year with so many large corporations, i really think the urgency is increasing, and i think perhaps this fall when congress comes back from the august recess, you may see more of a incl

we looked where data is available. the u.s. has the best data of anybody. if you go to india, china, brazil, you know, whereas numbers here, as we report them, they're in a few percentage points off from what the final production is. in india or china, the numbers could be 20% off. >> mark, surely we've been looking at crops from satellites before. this is not an entirely new concept. >> never at this scale though. so there's a few challenges of doing so. if you look at, for example, all of the pictures taken by the publicly available satellite imagery from nasa -- >> dating back quite some time, right? >> back to 1972. we couldn't even store them in computers. that's a lot of data. and those used to be locked on nasa servers. only recently have they moved into the google cloud, where your computation and data are next to each other. so you can do these large-scale analyses. so a lot of the papers that you see are from a small part of kansas. >> can you analyze something from 1975? would it have the bandwidth, the pixels you need to say, ah, that's a wheat

we will bring you that data.are important right now everyone is paying a great deal of attention, including the central banks. mike mckee and brendan greeley caught up with the reserve bank of india governor in jackson hole. they kicked off the conversation talking about growth and whether central banks have done enough at this stage. i think our growth would be better if we grew faster. i would also say the central banks have pretty much done what they could do. it is not a view that is universally held by central bankers. ,n general, across the world central banks have done pretty much what they are capable of. now others have to step up. from himill hear more in a few minutes time. let's stay with india right now. governor rajan indicating that may be central banks have done enough. if i look at trading in indian bonds, the sentiment seems to be very much that he will deliver another rate cut fairly soon. what is the take on the indian economy? what do you think he should be doing? >> i think that india, of al

shapiro: only the consumer that creates data should have some rights in that data. the question is the service provider, if they own data. this goes into a lot of the areas of the internet, to not just the internet of things. if there's apps for writing services, etc., what's the tradeoff that's involved? and i think it's fair to say there should be transparency as to who is using the data, as to who owns it and can retain it. i guess i would say that depends on the level of personal information in the data. whether or not you are using your windshield wipers, for example, is the type of data that can easily be collected and shared to provide information on where it is raining without a lot of consumers saying, that is fine. as opposed to something more personal when you get into the health sphere, when you should of course own and determine what happens with your data. mr. issa: thank you. i think that will start a dialogue that will continue. the gentleman from texas, mr. poe. mr. poe: thank you, chairman. gentlemen, thank you for being here. i'm going to try to b

and sharing the data.hey don't do that reliability. the department of the justice only records half. brian's fatal encounter's organization identified 1,192 lives lost at the hands of the police in 2014. 28% higher than official efforts. >> in a higher level. the police department records this. >> this is a 25-year-old university graduate. who created a website. he analysed data, and drawing from his background in statistical analysis they break down material by race, genderfication. >> we learnt what the protesters were saying. black folks are three times like i to be killed by police, and white folks. more black people that were unarmed than white people that are unarmed. despite the fact that white people are five times greater. the analysis uncovers other disturbing trends. he found that if you are black you are five times for likely. a black person and 10 times more likely. despite georgia having twice as many as florida, an north american african-american is more like i to be killed. a law was passed

we can collect all of this data. unless we take action, somebody has to take action and that is where it comes in. it is very fragmented, just like the ioc system, meaning every city literally does their own thing. it is not to scale. it is not business because they cannot resale. so important pieces to replicability, scalability, we need to find those models to really catalyze the deployment of iot. when i say catalyze come you cannot just pump money into it. you have to have some goal or direction. you have to find the right model that can create to bill benefits. without the real benefits, whatever you want to call it when not be sustainable and that is the theme that i have in my programming presentation. i want to go back. so instead of each city doing their own thing, why don't we bring in multiple cities in multiple to lg innovators including companies and universities and help them pick the issues that create a real benefit to us. cities know what their problem is. they just don't know how to solve the proble

there is software and data analytics layer. it collects data. data doesn't have a lot of value. you have to extract useful information from the set of data. when that information is extracted and can be shown to be valid we call this whole iot system has a value. that is what the analytics layer does. onp to of that is the most important layer, service. you have the information and data what will you do with it? if you have collect and put in a database, it is not that much good for us. you have to take action. the action could be human in the loop actions. a human makes decision based on data or autonomous action. so, smart cities, why smart cities? if you look at all the iot applications they're talking about, transportation, health care, energy, everything, there are really factors or stuff we always see in the cities. this is the playing field that you can see all these different applications actually provide real benefit. so from smart city perspective they actually, they pretty much categorize smart cities in two layers, bottom infrastructure. that is what hardware and com

the trade data will look ok. japanese trade a data with the u.s. be where we would like them to be.hen it comes out we will see how that looks. i think other elements are looking good when you look at loans and other things that look comparably pretty good. angie: do you think we are going to see with this u.s. dollar strength that perhaps bank of japan is going to have to do something as well to counteract that? bang i think they are going to have to look at things like the corporate debt allocation in the doj portfolio. japanese companies have to pay higher yields to compete with u.s. companies with an , the doj ise rise going to have to look at how much support they are going to have to provide for corporate debt within their portfolio. i think that will be a big consideration. angie: we also expect malaysia thatsecond-quarter gdp, they have been under pressure is to say the least. what you see on the economic front? it faces a lot of challenges on the political front. tony: i think it terms of economic activity we are looking ok. i think the currency has devalued quite a lot in

but they get is data.ot of these new companies understand how to use data, to understand what viewership is doing much more than the traditional companies per there are a reason they are looking at them as experts in this field. they can use the analytics to drive monetization. emily: comcast is looking into launching a major online video platform, that what can you with what verizon seems the working on. guest: from what i have read, it is a mixed between what verizon is working on, and what youtube is going to do. it is called watchable. a lot of these copies are going to be a part of that. it is this attempt of the old and new coming together. -- i think a lot of these new media companies are going to be a part of that. olds this attempt of the and the new coming together. everyone is trying to figure it out. emily: where do you see this going, the future of partnerships? guest: brad was right for the reality of data, being able to put massive amounts of data together to deliver that to advertisers, tha

it claims to be data dependent. they should have hiked already if they are data dependent. the fed's own growth forecast is likely to be less. meanwhile, inflation has gone down. how do they explain a rate hike in september given the data dependency. if there is another reason i would like to know what it is. >> i have been calling the beginning of the bear market since february i have ranted about it. i am getting to the point where i am not convinced it is happening. you look at the global economy and say, where is the growth? i think we will get a rate hike because there are political, economical reasons where it would be a good signal. i am almost to the view that a u.s. rate hike could be aimed by a moment -- could be a buy a moment for the u.s.. you might see bonds start to recover. jonathan: if anyone has an incentive to keep it gradual some people talked about it being the u.k. saying this country we should focus on going early, why are we not doing that? >> it is a good point. in the u.s. it is all about the long and. here, no one cares. the real rape are -- real r

the bank of england is said to publish a slew of data.he boe decision minute of it meeting are being released at lunchtime as the governor mark carney works to improve transparency. in this torrent of data, how many members are we expecting to call for an interest rate hike? >> that is the big question. the majority of economists do expect a split in the vote. there are nine members. 19 of the 20 economists surveyed by bloomberg expect if it -- expect a split. more than half expect to members to vote for decision. we have seen some vote for tighter policy, they dropped that in january when they all inflation fall. they will be closely watching to see of any others vote. francine: the strength of the currency is also compensating things for the governor. >> absolutely. this is a tight rope he will have to walk as he delivers his press conference. the pound in the past month has been strengthening against most of its closest peers, in the past three months it is the only major currency out of 16 tracks by bloomberg that has actually strengt

much of this data was highly confidential data, social security numbers and other kinds of data that hackers could use to get private information about people. i'm not so concerned about who is paying for it as to make sure people get robust protection. doesn't there is support on both sides, one know if flying companies to notify customers after a breach. we haven't seen that legislation go very far. is that a breach legislation something we could still see happen in this congress? rep. degette: given the events of this summer with opm added reach as we saw last year with so many large corporations, i really think the urgency is increasing. and perhaps do they see more of an relation -- more of an inclination to bring this legislation to committee. many of these bills are ready common sense. it seems it would be easy to pass. host: you represent a high-tech area in the denver colorado region. what are you hearing from some of the companies? why do they feel a need to have all this information about users of their products, such as access to all their contacts? access to all their ph

you have your fitness data and other data sets.think about that narrative if it was brought together about telling a story about what you did last year, where you were. i know some of it's shown on facebook. facebook's done interesting things with their year in review. but i'm just fascinated by how does that data set get harnessed in the future. how does it get combined? and how does it draw insights and improve our life, entertain us, inform us. certainly in the business world, how does it improve business outcomes. i think we're in this interesting period of time where things aren't really talking to each other. we're all creating this proliferation of data but it's yet to really be harnessed. i think one of the brilliant thing, though, is it's offsetting in cloud so when technology finally catches up, my 40,000 photos that sit on icloud or in google, you know, interesting things will happen with those in the future. >> when i think it's when we start to move to predictive recommendation. so right now we do a great job of lookin

tokenization masks data. data out of the scope. if it is stolen, it makes it unusable. and corruption is when you protect data in transit. when i swipe a card at my neighborhood grocery store, it goes out through my merchant. goes to the issuing bank and then it goes back to the merchant point of sale. that is not even talking about some of the new transactions. mobile carriers, apple on my and dried, samsung, someone else who is also going to touch the data. protecting it all the way through the transaction is critical. encryptionn and together. when i talk about tokenization i am not talking about an off-the-shelf brand. i am talking about our own proprietary tokenization that several members have been using. we are all-inclusive. not just credit and debit cards. retail gift cards. those are two of the security technologies we are very focused on employee. emc is the one everybody is focused on. what is emv? european visa mastercard. the computer chip on a card that helps event against counterfeit fraud on the card. it makes it more difficult or me as a eve to re-crea

how disappointing is the data in your eyes? >> sure when you look at exports and imports, clearly there's been a significant slowdown. we normally look at things like fixed investments. things like commodities just up 9% year on year. and investments up just 4% year on year. clearly there's more scope of easing on the policy side. >> just what the market is expecting today, the shank had hi composite nearly 5%. so expecting some more easing. what sort of easing are you predicting to see? and will it have desired effect that the equity market is clearly hoping it would have? >> sure. when we look at that policy, we think about 25 basis points and two more of 100 basis points, i think you'll see more on upsizing. we've seen it upsized from 1 trillion, to 2 trillion. rnb, there's talk of going to 3 trillion. i think that would help ease the pressure on financial vehicles existing year to date. so clearly, that would be something to solve. i think when we step back and look at the bigger picture, we're at a very high level. even to

data. we'll remember what i hear consistently from consumers who are a principle customer. they want to be able to access and share their health information, including the scientists if they wish, without blocking or delay. the president's precision medicine initiative is one of the most exciting ways we can bring the right care, the right presengs to the right patient. only imagined a few years ago. because of advances like this and the underlying technology that we are on the cusp of realizing better care and health for anyone. onc stands ready to help further precision colleagues with our colleagues and congress. thank you. we look forward to your questions. accurate reliable and clinically meaningful tests. it's the results of the test which determine which patients get which drugs or treatments and whether or not they get them. in precise medicine, results from bad tests, you have miss diagnosis and get the wrong treatment or no treatment at all, as a result patients get harmed and hea

all of this is a very data sensitive process. they're able to figure out how much moisture is on the field now how much more do we have to add, what what seed should we be putting, what fertilizer should we be using, again very dated data driven and this is how we are changing how organizations work. we talk about it precision agriculture now your shifting how agriculture is being done. on the left, this is an example of a device from verizon, it can turn any car made after 1994 into a smart vehicle. you plug it in, there's an onboard diagnostics controller on your car, which every car has , it's what you see with when the check engine light comes on. you plug that in and you can remotely start your car, roll down the windows, do all the things remotely on a car that you didn't think you could do but you actually can if you have internet connectivity. it's a simple device and you just plug it in and you have remote control of your car. were seen many changes in the transportation industry as we have the interdiction of connected

if we wanted to do big data right we need a lot of data which b-22 -- we need international data. we need to work with our international partners, critically our closest neighbors, the canadians and the mexicans to allow us access to travel shipping to to financial data to government information to social media information, among other things. in getting our international partners to share critical data, it's going to require us to accommodate to a certain extent their privacy and other laws, some of which are truly foreign concepts to us. i'll give you one example. something the europeans refer to as fundamental human right we forgotten. this right was recognized last year in a case brought in spain by the lord who didn't like when his name was googled, the first thing that came up with a 12 year old newspaper article about his personal bankruptcy. the article was truthful but the lawyer felt it was hurting his business to government efforts so he sent to google take down the link to the newspaper and he won. european court found it was quote excessive for google to maintain a li

happens is the wage data goes down. you're paid less. therefore, you have less to spend on salaries. it becomes a cycle where you end up paying less to your staff. you don't give the pay increases that maybe an urban hospital would give. and so you constantly gradually fall behind urban areas so that does become a problem in rural areas. >> similar are observations on wage index from ms. peterson or mr. stover? >> the wage index relative to critical reimbursement is not as significant as a pps setting. however, the idea that physicians and specially trained nurses and nobody flebomotists and technicians can be recruited to rural areas for less than when they would earn in the urban areas is simply not true. we compete on a national level for these very, very scarce resources. >> same observation, mr. stover. >> yes, mr. chairman, i would agree with my colleague, ms. peterson. >> my last question would be on telemedicine, are you getting reimbursed -- do you have behavioral health also? >> we do, yes. >> are you being re

and they would own their own data. the data quobcying on their desks. and the -- the data would be sitting on their desks. and the data would allow them to be entrepreneurs and i'm convinced that the personal computer era did a lot to raise the middle class because it gave so many people the ability to have unique information powers as small players in their market. which is what capitalism is all about. when we have entered into this cloud era, where it's -- one of our big companies that owns people's data, and co-lates it and gives some algorithms to -- people no longer own their own data and that's the mechanism by which technology has been hurting the middle class. that's absolutely correctable. that's an engineering issue that we can actually solve. and i -- we have to. it's not -- what we're doing is not sustainable. >> one last question. think we have time for. >> my name is laurus and a friend of doug engelbart back in the day. we used to exchange visits to each other's labs. i was managing the stanford artificial intelligence lab. i admired his

data. euro dollar is up by a third of 1% at 11052. dollar yen lower by 0.2% and the aussie dollar is recovering after it got hammered over the last couple of trading days given the big decline in commodity prices and let's continue to talk about commodity prices. i want to show you what brent and crude prices are up to this morning. brent prices are flat but wti crude is currently changing hands at 4250 off by a third of 1%. we did see prices edging higher on the back of the better than expected u.s. data. for the week, wti is still on pace for the 8th straight weekly loss, guys. >> thank you for that. now the u.s. federal reserve will release the minutes from the latest policy meeting at 19:00 cet. investors will be watching for clues on whether the recent market turmoil could delay a rate hike. they'll also be in focus with analysts expecting no growth once the oil is tripped out. the fed watch data puts a 25 basis point hike in september at 59%. >> double line capital's jeff gundlach sai

all the data from the states, the turnout data as opposed to predictions by experts show voter id does not keep people from voting, early voting-- changes in early voting does not keep people from voting. in fact, and you all can google this, the university of wisconsin, several professors just put out a study on early voting and their conclusion this is kind of counter intuitive, their conclusion is that early voting actually hurts turnout. they concluded that it made a decrease turnout by three to 4% and the reason being, you'll notice, the campaigns spend the majority of their money before election day on get out the vote efforts. if they have to spread that money out over two weeks, three weeks, four week period apparently, it is not as intense or effective and apparently people who normally would go on election day keeps saying, i can vote tomorrow i can but the next day and apparently it is enough to hurt turnout by a small percentage. that is not me saying this. this is the study by the university of wisconsin professors and a number of other studies say early voting actually ma

inflation data. is estimated to remain at 0% for another month, and remains the key data point ahead of a potential rate hike from the bank of england. 10 at noon you get time, we will get -- then at noon u.k. time, the turkish rate decision. it will be the last meeting of that central bank before the fed convenes in september. this afternoon, we await u.s. housing started a. those figures will give us the first data on housing activity in july. let's bring it back to china. a week ago today we saw that shift from the pboc devaluing the yuan, sending ripples through the global market. it moving 3% against the dollar and today the nation continues to implement policy to stabilize the currency. for more, let's get over to hong .ong, where we are joined what is the latest moves, then from the chinese central bank? >> good morning, mark. today we had a big liquidity injection from the central bank. there is plenty of cash flowing through the system but we haven't seen any fireworks in terms of the you wa

you.to see dreadful data over the weekend. we get all of these bits and bobs of data.s you it is not all bad is that. it is worse. how do you know if there is a slowdown in china? >> you look at pieces. forget about official data. we have had some official that that shows the pmi. it is slowly -- slowly and steadily approaching the massive slowdown, unfortunately. just about manufacturing. it is slightly recovery. exactly. as has the reason is always happened in china, it is issively influenced, which coming to the forefront. international reserves coming down in china for the first time. exports are being under moist. maybe they are not as bad as we see. the slowdown is even faster than what we have seen in the data. >> this is exactly it. we have a lot to cover. you mentioned the data there. it is important to look at how much money the bank has in foreign reserves. that is approaching 100 alien billion. dollars -- euros u.s. dollars. malaysia is dangerously approaching a potential crisis -- potential crisis should >> it is never a crisis. >> what is going on there?