gray that there was no breach of data, compromise of data? >> we would view it as once somebody was able to see somebody else's data, that that in fact has been a breach. >> so i would too. and therefore i would argue fsma is triggered. would you agree? >> yes, sir. >> well, mr. gray, it sure does sound like you're splitting hairs. and you're coming up with a criterion that was not envisioned in the law itself, nor is it reflected in the language of the law itself. i mean, we don't have traffic laws that allow you to decide, well, i didn't hurt anyone, yeah, i was speeding but i didn't hurt anyone so therefore i shouldn't get a ticket. i mean, the law is there to make sure the legislative branch is informed in a timely fashion when this kind of activity occurs. and the reason isn't so that we're keeping score. it's to make sure we're doing what we cannon o on our part to protect citizens. it seems to me it was incumbent on the department of education to inform us in a timely fashion. in fact i would argue if i were managing the department of

it seems the real damage is not so much patient data but the fa ct not so much patient data but the facta precaution, turn off their it systems to prevent the infection spreading. so they are resorting to pen and paper, asking patients not to turn up to accident and emergency wards. so the knock—on effects seem to be serious. you said there will be some pretty frantic people trying to get to grips with this, what will be the priority for the computer experts who have been drafted to ta ke experts who have been drafted to take a look at what is happening? priority number one will be to stop the malware spreading, which is why organisations have turned their computer systems. number two, will be to try to remove the malware. there are anti—virus companies that can actually obtain the encrypted signatures for this malware, well—known antivirus companies that offer a service to do that. so they will be bringing in the experts to try and remove this malicious softwa re try and remove this malicious software from their computer systems. some organisations might actually be tempted to pay the r

owns that data. i recognize this is a tough job. i recognize what you have to do is difficult, but you still haven't explained to me -- we've proven and we've seen with the theft of over 100,000 -- or the impact on 100,000 students that the authentication mechanism within fafsa.gov and the d.r.t. tool is lacking. and my concern is that everybody's doing this. and i want to know, what are you doing? and if you need additional authorities to improve authentication on fafsa.gov, i want to hear that too. mr. gray: thank you. the authorities that i have has been very adequate. in terms of what we're doing, this is the balance between accessibility of the tool which at this point it's a web application where a student, perspective borrowers are coming in to apply. the level of authentication for that is currently set where it -- the t we can identity proofing piece comes in when we are disbursing the funds. for the d.r.t., the challenge -- what we're doing is -- looking at doing is masking and encrypting t

that's on the data front. our situational awareness is high and we have good data. then the second piece is once we know who has overstayed, what are we doing about it? how are we using your resources mr. settles to prioritize so we are quickly not wasting time and prioritizing in order to address the issue for enforcement with the highest priority those are national security risks. in both these areas we had significant failures and challenges that bring us to this place of the report. we appreciate the information in the report, but we still just have so much more to go to address the will and capability in both of these areas. we have shown, mr. wagner as you said, the will in congress. we have funded money for a program without a plan. we are now anxiously awaiting for the will and the capabilities to increase in these areas. so mr. wagner, i want to start with you on some of the challenges we've had in the past is when we've had biograph ca cacal call -- biographical data focused versus biometric, still relying more on the airlines and private industry to give

so what we've called for is that every data scientist, every economist, anybody who works with data,tegrated throughout their entire curriculum, so you construct and have the conversation and dialogue about what are the ethical implications of the choices you make. the second part of this is security of the data. how do you make sure that you're actually building the algorithms with security, the data sets with security, so somebody can'tjust break in? that has to no longer be an elective of outside. it has to be part of the core training. once you have this component of that training, i think we're going to have a new set of people who have the vocabulary to talk about it. but that doesn't take into account the speed at which data is happening and taking place today. so what do we do there? number one, transparency. president obama signed an executive order that says by default all data the federal government, the us federal government, publishes must be open and machine readable, and what that allows people to do is be able to access the data, compare it, use it, and innovate with

it is encrypting the data so that if they log in throug intom they will not see that data that would allow them to exploit this availability. >> i apologize for going over my time. >> without objection i will recognize mr. duncan. >> i realize you won't be able to get to me for questions, so i want to make a request in the record at this point an e-mail from one of my constituents who is the financial aid administrator because she has good suggestions to help with this problem. thank you very much. >> in recent years, the identity theft and cyber crime has been on the rise. federal agencies have to do their part to secure the systems that congress must acknowledge the impact it's had on the it systems. many agencies face serious challenges in modernizing the outdated legacy systems and implementing strong cyber security measures under the severe budget cuts that have been imposed by the republican-controlled congress is. one of the agencies is hit hard if the irs in may of 2016, the chief information officer testified and i quote, the system is the most critical challenge facing the

that's the data that we compiled based on our audit looking at hsi data. >> and mr. settles, do you know what the timing is like on -- let's say somebody overstays their visa, when i.c.e. would actually get this report, that there's an overstay. does it take weeks, does it take months, is it a year? >> it used to take weeks. now we've reduced it down to about three to five days. it's got to come in, be automated and a manual process, through both intelligence holding and, you know, like we've said, quite a few other databases currently. and then we package it up and send it out to the field. so we cut it down from two to three weeks to three to five days. which has been a significant achievement. >> and i guess my concern has been, you know, you hear about the reports of the 9/11 attackers, people who have overstayed their visa. for me, it makes this a critical issue that we need to actually invest dollars in as opposed to a wall, per se. once you get that list, i imagine there's a lot of people on that list, how do you then determine who is a priority? do you look a

and transmission of data difficult. even in developed countries, some postal services have been slow to invest in the needed info structure for item level electronics exchange of data. currently few if any countries have the ability to provide for 100% of their mail required in customs declarations. to supporth is been the upu to provide capacity building that enables aed. the upu is devoting half of its cooperation budget over the next four years to a project designed to position postal services in developing countries to obtain this capacity. the major focus of this program is aed. we will continue to support and encourage these efforts but recognize that rapid acceleration and investment and data will be driven by the business needs of postal operators themselves. postal operators now understand the delays caused by necessary customs processing are a major impediment to their own ability to grow their business model and adopt the rapid growth of e-commerce transactions. exchange of aed is the only real problem.to thi

to alliance data.m the summer of 2010 through the spring of 2015, this stock rallied a phenomenal move 55 all the way up to 312. as more and more retailers realized that they needed loyalty programs to keep customers coming back into the stores, alliance data made a killing. why was this such an attractive business? okay, when you go to a retailer and pay with a private label card, it allows the merchant to avoid paying interchange fees and that's where visa, mastercard, or american take a cut out of every transaction used. what a business that is. but if they can get you using their own cards on the system run by alliance data, the retailer ends up saving a lot of money. at the same time, alliance data's loyalty cards allow retailers to track your purchases. and then use targeted advertising. that's another service alliance provides to generate more business. that's why this was such a great growth story for so long. they powered all of these loyalty cards. but then the stock began to roll over, midwa

first, it requires pulling data from dozens of systems and data bases. this is necessary because four different dhs components as well as numerous entities outside of dhs are involved iauvl olved ine over stay issue. much of it is not in easily retrievable fields. as the disjointed nature, ice agents need three different passwords for umto 27 different information systems. second real-time access data is hampered by system access restrictions. ice personnel are sometimes unable to gain access despite having a need do so. some data is retained in paper base files which can take considerable time to access. third, ice personnel do not have the training and guidance they need utilize the systems currentfly visa over stay tracking and they're not always sure what systems to use. persons we met expressed concerns they were unaware of all the systems available to them across components and agencies, limiting their effectiveness. and lastly in the absence of a system, they rely on third party departure data which is not always accurate and fails to capture land

manifest data. learning how this process for illicit drugs can hopefully help us cover the gaps exploited by smugglers. it also -- i look forward to identifying ways to ensure federal agencies and our state and local partners have the resources they need to combat the opioid crisis on the ground. specifically to hear from our witnesses on the second handle each of whom serve on the front lines of the opioid epidemic in various capacities for law enforcement to addiction experts and these witnesses will get first-hand perspective on the challenges we face in fighting opioid addiction and a strategy that has proven effective, particularly in delaware, ohio, a discussion of ways to reduce for access of synthetic opioids, we must not lose sight on the need to focus on root causes of the nation's considerable demand for drugs not just on symptoms but root causes for considerable demand for drugs. and look at find ways for defenses to block supply of dangerous drugs. today's opioid crisis is the worst in

are people with your skin colour the only ones in the data set, ami colour the only ones in the data i ignored? is thatan accident? but what about somebody with a handicap? what about a kid on a tricycle? it is not sufficient to say oops about the algorithm. we have to figure out a more robust process as these things are becoming more integrated into our society. and if we have learned anything from this week's facebook story, it is that tech companies are not the most transparent lunch. facebook has been around for more than a decade, and only now, by chance, have we got a glimpse of how its moderators decide what we see on its platform. so how do we make sure the ai built by the same tech companies are using our data responsibly? so the first, it comes down to how are you trained? in ourtraining comes down to how are you trained? in our training these days, we often have found that technologists are no longer trained in humanities. one of the most critical components of humanities is the notion of ethics, so humanities is the notion of ethics, so what we have called for is that eve

>> -- why can't they get the data?> thank you for the question took we been working very closely with the upu to try to move this process among very quickly but the issues we face in developing countries, i woula say previously the was a lack of will and a lack of understanding that for them to catch up with their business models and take part in the e-commerce boom that is occurring worldwide. there wasn't an understand that aed was a key to that. i think the major advance weed s have made, and it's not a statistic but it is a change of mindset within the upu that countries now understand regardless of their level of development, they have a lot ton learn and a lot to gain and they can even enhance their economy by taking part in this. the encouragement from the congress would be at some point to say packages don't come in without it. obviously that isolates a lot of countries and a lot of people who may not be able to get materials in. but the most straightforward way we can do with it is just to put a deadline out t

>> absolutely we're seeing substantial data that comes back that bans electronic data to them. i can certainly provide you with that after the hearing. >> ok. thank you very much. appreciate that. mr. schenk mentioned in testimony that theups delivered more than 19 million packages and documents each day while providing the electronic advance data. would you estimate how many packages containing illicit drugs are caught due to the advanced customs data. and number two, what percentage might those packages represent? >> thank you, senator. for that -- the reality is we're not perfect. we'd like to say that no bad people are going to use our network but they certainly attempt to do that. fortunately, with the relationship that we have with customs and border protection in sharing information, we do find ways to interdict it and we do get some occasional shipments. we have had several shipments of fintd nil over the past year that were seized by cvp. we've also had a little more in terms of numbers of shipments of meth that was mentioned earlier that gets seized with that and we w

the data. so the applicant -- >> so mister gray, how do you respond? >> what are you doing to strengthen authentication. to authenticate to the end user? >> we are dealing with proactive measures. >> it portends to something in the future, and what you have done. >> and we protect these systems. >> >> i referenced them in my opening statement. >> how does that help with -- >> this is the balance, this is an application form. >> i get that. it is your responsibility to confirm entering the data is indeed the person who owns that data. >> i recognize that is a tough job. and the theft of 100,000 students, so the dart tool is lacking, my concern is everyone is doing this. and i want to hear that too. >> the authorities i have are very adequate. in terms of what we are doing, the acceptability of the tool which at this point is a web application where students and prospective borrowers, the level of authentication for that. disbursing the funds, and we are masking the data so that if an identity th

and data never talks to each other and a huge chunk is text data, unstructured data.at we have tried to do is build a platform that makes that platform easy and extract data from text. if you look at a health record and doctor prescribes you medication, understanding the context for why that was prescribed means you have to understand the texan the notes. that is the technology we are building which is possible because of the clouds and how much data is available and some of the things that my co-founders have built at this very university in terms of the technological platform. >> one of the things is that health data is very, very personal and doesn't seem that anybody can protect anybody's data these days. >> that isn't true. there is hipa protection. but the reality is we are not trying, the question is not can we at the level of alex tell you what to do. n a way, patience who look likeal ex should be getting hese type of erm treatments. ovenly in rare diseases, it could be challenging and really important that the government has a framework that evolves. but the

we just started to put new hires into our data complex, sl this data.ng to take the audit function and bring it in. we are not going to outsource it. there's a couple things where we are being a bit more cautious as it relates to our data revenue. we are doing a lot of revenue in factors, these two new which will not give the guidance with the balance for this year. scarlet: the president today told bloomberg news that he would actively consider some kind of 21st century glass-steagall, some kind of division between big banks and investment banks straight what might that look like to you? terry: i'm not sure. when you look around the world, nobody else has a glass-steagall in place. right now one of the most capitalized x in the world are in the united states of america. you wouldderstand why want to put those at a disadvantage. when you look at our financial services system in the united states, it adds so much to not only the economy but national security. a strong banking system does that, they go out and raise money in the capital markets so people

a big week for data.take us through the numbers, here is matt poser. >> i think the most important thing today, consumer spending. we kind of are no with that is going to be like. here is thekey manufacturing report at 10:00 a.m. that is where the search and sentiment has been lately. we want to see if that continues. jonathan: every now and then -- does in session on the hard data meet the soft data all? come down or he we move up? >> that is kind of what we are waiting to see. we should starting best start to see that pick up. if we continue to see strong manufacturing numbers, then that probably gives us a little more confidence that we will see pick up and consumer spending. jonathan: out of the data last , what is more important for the federal reserve? uh pressure and they discount the first quarter gdp? >> i think that's right. over the last several years we've had so many problems in terms of quirks they are trying to work through. looks likeat we saw one-off factors due to spending related to the

, unstructured data.o is we have built a platform that makes that platform easy and extract data from text. if you look at a health record and doctor prescribes you medication for any condition, understanding the context for why that was prescribed means understanding the text and the note the doctor put in there. that is the technology we are building, which we think is now for the first time possible because of the clouds and how much data is available and some of the things that my co-founders have built at this very university in terms of the technological platform. >> one of the things that scares people is that health data is very, very personal and doesn't seem that anybody can protect anybody's data these days. >> i don't think that is entirely true either. there is obviously hip a pa protection. the reality is we are not trying, the question is not can look at the specific level of data for one individual and tell you what to do. in a way, patience who look like one patient and will meet certain

data is being sought.t is, after all, the person that has rights and the person whose interests are devalued when data is obtained without proper process. accordingly, i propose legislation called the international communications privacy act, or icpa, that sets clear rules for when and how u.s. law enforcement can access electronic data based on the location and nationality of the person whose data is being sought. i intend to introduce an updated version of this legislation in the future. here's what the updated legislation will say. if a person is a u.s. national or located in the united states, then law enforcement may compel disclosure, no matter where the data is stored, provided the data is accessible from a u.s. computer and law enforcement uses proper criminal process. if a person is not a u.s. national, however, and is not located in the united states, then different rules apply. these rules are founded on three principles: respect, comity, and reciprocity. first, respect. if u.s. law enforcement

the downside, would you have to rethink -- >> first of all, i am data-driven, data dependent.ut we do want to not get too caught up in one-month data. we saw that with employment numbers that can be volatile, with factory numbers, so again, dig into the data, have our team study all the reasons for why things are moving, and then come back to, what does the medium-term trend look like? we don't want to get too caught up in a given month or quarter. what is this momentum? like i said, we have seen ups and downs in the past, but the last three months, six months, 12 months, the economy has continued to grow. in the long run it is sustainable. haslinda: earlier you said fundamental views have not changed. does that mean your outlook, which will be submitted for the june fomc, has no significant changes compared to what you suggested in march? >> what i am going to do is get my team together and we are going to pore through all the data and reassess all my forecasts, weather is unemployment, gdp, inflation -- i don't have an answer for you today. but fundamentally, gdp growth has

down side as opposed to the hard data following the survey data to the upside.acts at hand suggest that's happening. >> on the issue of the harder data, yesterday charles evans said that for an inflation targeting central bank they should at some point in the cycle try to hit their inflation target. does that speak to you to suggest that these expectations, whether 80% slipping now to 70% for a june rate hike look too optimistic? >> i would say if you look at historical record, even if we're at 7 %. the market is still priced 70% by the time of the meeting, the fed will go. that is enough of a probability that they would raise rates, then it's a question as to, you know, what's the forward guidance for anything else for the balance of the year. i think that we won't find out until the transcripts come out why the fed is raising interest rates now. they may have their own reasons to do it. it can't be core inflation. strip out tobacco prices, core was flat again for the second month in a row. that usually happens when you're in a recession or coming out of one. i

pmi i am looking at is the data from last week for telling today's data. will of manufacturers continue to see this for a couple months. rishaad: let's stick with us. is this why we are seeing iron ore prices under such pressure? some hedge funds are saying that copper has a long way to run. guest: this is very sector-specific. this correction is largely expected. we should not be surprised by today's data. the stock level is already consistent with the commodity price that happened in the past few months. has only been declining. extent, the data continues to paint the picture that we have been expecting. you are going to see this reflation story starting to peter out. i want to talk about the weekends money supply numbers. 52. when you look at the monetary conditions creating a temper tantrum in the chinese markets from bonds all the way to equities, but if you look at some of these numbers, there is not a lot of deleveraging going on. it is kind of just leveraging. guest: exactly. we have to make it clear that the financial deleveraging going on is call

speaking of the data, i wanted to bring up this point, the divide between hard data and soft data.a is the numbers are reported and the soft data is numbers based. the white line has gone up and up and come down a little bit there. it has stayed pretty steady. does the federal reserve put less weight on hard data and soft data because of this divergence? tol: i think they're trying reconcile the two and in some regards, they are writing off the weakness in the hard data of the first quarter due to other factors and the seasonality that seems to be impacting gdp year in and year out. forecasts are now rising above 3%. 4%.cast is running over because of the unusual noise which janet yellen referred to, they are stepping back and looking at a longer-term trend. and when they do that, they see the animal spirit of the soft data saying that there can be some improvement over that 2% underlying pace in the economy. tom: our thanks to ira jersey and -- scarlet: our thanks to ira jersey and carl riccadonna. michael mckee is in washington at the federal reserve. thank you so much. tom, give

registration problems so what we're doing is for the first time in our country's history gathering data from all 50 states and we will be using the federal government's databases which can be valuable, the social security administration has data on people when they pass away. the really knows of the millions of aliens who are in the united states legally and that is data that's never been bounced against the states voter rolls to see whether these people are registered so we will be doing things like that that have never been done before and we will get some actual statistics because you know this debate is so contentious but often times the debate doesn't have enough facts in the debate and were going to provide the facts and putting them on the table and letting the people decide. >> and were talking with clark at the lawyers committee on civil rights about that commission. >> if you want to join the conversation, that democratic 202. republicans 202-748-8000 one, independents 202-748-8000, we are listening to that providing the facts, fact-finding mission, getting the numbers is what

they take data, big data, put it if the cloud, and is able to process that data and capitalize on it and ones ha use artificial intelligence. so the metric are not just financial metric or the normal, you know, trailing earnings-type metric. i think the metric are what are you going to see these companies innovating and doing in the future. >> it feels like they're operating totally away from washington, d.c. and everything going on right now, walter. but we are expecting the president to acknowledge a technology council potentially as soon as this week to be meeting with jared kushner, president trump, you know the drill. i wonder where the relationship is going to go, whether it will be friendly, whether they'll start talking about certain specific policies and making recommendations to president trump. what are you hearing about all that? >> i hate to say it, but it's been pretty irrelevant. i've sat on some of these councils before. nice talking around the roosevelt room. i don't see any major presidential policies. i think the type of policies you're seeing that are big are thin

so we've been very active in crafting an approach to the security of consumer data that includes our start with security initiative and a process that we like to call security by design which is building the security principles all along the way. and as you can imagine, a very important part of that is making sure that you're updating software, making sure that you are continuing to maintain and protect against vulnerabilities once they're disclosed and remediating when situations arise. now, unfortunately, this ransomware attack really is an attack that companies are experiencing and government agencies are experiencing around the world partly because it's a software that they're running wasn't adequately patched. just today the ftc has put out some updated guidance with recommendations about how to handle this particular attack, and that's available on our web site. so i think it's a very useful document. i think this underscores some of the really interesting aspects of our cybersecurity debate, right? which is, first of all, we have to make sure that software, when vulnerabilitie

data is growing extremely quickly, especially the proliferation of data from cameras and sensors.elping our customers put all of that data to work, whether it's tuning up a manufacturing process, doing a security risk assessment, running simulations for race cars or rockets or drugs. these are critical problems for businesses, and this is a $35 billion total addressable market and we are uniquely well positioned to do the cloud work and the big data analytics. >> scott, how would you characterize, i guess, the ongoing price war and how far that would go over time if we continue to see discounts by competitors? >> so, it is a competitive market in the enterprise. i would say the markets in the cloud opportunity in the big data analytics opportunity, those tend to be a bit more green field and not as competitive. once customers try our technology, it is so profoundly differentiated that we no longer face the same price pressure for repeat purchase business after we get the initial deals. i think, again, this growth of data and the need to provide value from the data creates a huge m

data thatis back—up regime, the amount of data that is lost could well be limited.lay from back—up to current vulnerability, there are no back—ups, people then have to make a decision. do they not pay, do they pay in order to get back critical data? i pay in order to get back critical data ? i would pay in order to get back critical data? i would not rule out the fact there may be targets globally who will now be paying to have data restored. is that something you would think the nhs might be able to countenance? it is not for me to determine what advice they are given from the national cyber security centre and what they will countenance. paying any kind of ransom provides an emboldening action for crime groups. that said there is always a tactical decision to be made about the restoration of data and services affected against permanent loss of data. i am probably fairly sure the national health service probably does for wider it purposes have a healthy back—up regime to allow data to be restored without that kind of extortion being met. that may be the case, but f

looking after your data. where is the data ? we looking after your data. where is the data?frastructure for security reasons. how do i eat no my data is in good hands? we don't comment on that. -- how do i know. the wall street journal is reporting that ford is planning to cut about 10—per cent of its 200—hundred thousand strong global workforce. the firm had already announced plans to cut costs by 3—billion dollars — as car sales in the us have slowed. in a statement ford says it has not announced any new actions and it does not comment on speculation. we will update you as soon as we get more information. see you in a moment. a care home in cambridgeshire has been piloting an innovate set of asymmetrical exercises that have been used to help people with dementia, across japan. tim muffett has more. the hunters down care centre in cambridge and in the dementia unit a new chair based gymnastics programme seems to be making a difference. the programme is called love to move and its key feature is what is known as bilateral asymmetry. the movements on the left side of the body

we had data on friday, and have more data in about one hour or two hours.a, its largest oil and gas producer expects $20 billion of deals in the belt and road form in beijing. china national petroleum's chairman says oil at $60 is not sustainable, and the price of oil may recover next year, but he does not expect to see $100 again. >> cnpc is currently working in over 50 projects in 19 different countries within the belt and road framework. of the 12 projects, we are signing at the summit, some are upgrades of existing projects. some are completely new projects. depending on local resources in different countries, we mainly invest and gas projects. , oilssia, in central asia operations in africa. had you think the country can mitigate its dependence on overseas energy supplies? hand, chinese oil and gas companies like us must continue to play the role in terms of domestic oil exploitation. on the other hand, we need to speed up our efforts in collaborating with resource rich countries to jointly develop assets in order to replenish how country's ever-growin

soft data was crushing it and hard data was going to meet up, but now it feels the soft data might rolldence rose over. difference.hows the the purple line is the hard data, the white line is soft and the yellow is the difference between them. is that a risk we have to start calculating? richard: i think we will get a stronger q2 than q1, but the average will be around 6%. until we get the fiscal policy, which is probably 2018, then we are in a 2% economy and to the extent the markets are at a faster growth rate in equities, i think there will disappointed this year. a foundingr is also board member of the robin hood foundation. it combines investment to philanthropy. last night, they had the gala and they raised $64.5 million -- then. robin hood will use that to fight poverty in new york city. congratulations. well done. .eter: thank you what is important about an event like that is when we talk about politics, the spread between the haves and have-nots, the people of new york city, a lot of the managers and gas on here are up -- and guests on here are about giving back, so any dollar

pmi data getting put to the test.se stocks managing to eke out again after a four-day weekend. the hang seng is snapping a seven-day rally although hong kong stocks are set for the best run since 2013. exporters are dragging in tokyo along with energy stocks. this is oil extending declines above 50 bucks a barrel. higher towardally the end of the day. is between swinging between gains and losses. i took a look at movers in asia starting with what is moving in hong kong. surging to an april 1994 high sinking after zooming trade in the wake of a short seller report. noble group is trading at a 2001 low as a commodity trader. with china in focus and want to show you this chart. yuanboc strengthened the by the most since may 18 which is showing -- sending onshore rates to its highest since november. speculation that they are intervening. the blue lineg up right here putting in on course for the strongest closed since february. manus: thank you. sophie kamaruddin with the latest from hong kong. the world's second-largest e

david: how long have we heard that soft data should bring the hard data up?ow long can you keep investing and making decisions aced on what should happen in the future? >> the soft data will only be reflected in the hard data if the administration makes progress with the positive side of their agenda. if they get moving on tax reform, really moving on deregulation, it will work out whether they are going to split up the big banks are not. that is important. the hard data will only catch-up this agenda. i think if this gets mired down in congress, the hard data in the soft data may go down together. we have to be watching and expanded funnel of doubt. inen the plans that the ministration has. jonathan: the looking at two faces -- those statements yesterday. one is on the balance sheet. tom keene caught up with ben bernanke yesterday. this is what he had to say. ofthe fed has released a lot projections of what they think it will do and it depends where they decide to end up. i think the best guess is something like four or five years after they begin the proces

we don't have the data since then. i can say that we have many referrals that are coming in from community groups, from u.s. attorneys offices and we're taking this problem very seriously. we are throwing our resources at it. the attorney general believes this is a major part of his anti-crime initiative and we will continue to aggressively pursue hate crimes. senator grassley: senator feinstein. senator feinstein: one of the things i'm bothered by is the statistics don't really give the right situation, it seems to me. hate crimes -- for example, the f.b.i. typically reports 7,000 to 10,000 hate crimes. bureau of justice statistics estimates the true number may approach 300,000 which is 30 times the f.b.i. estimation. the percentage of religiously motivated hate crimes nearly tripled between 2004 and 2012. how do you account for these discrepancies? mr. treene: senator, the -- they're based on two different midwestologies, and i agree the f.b.i. -- midwestologies and i agree the f.b.i. jount counts. the f.b.i. is coun

people's data is not going away. data is only increasing.e have a need to store data on premises and on cloud, so the idea is you can store the data wherever you want or back it up wherever you want and then restore or have access to it wherever you want as well. and on top of that, be able to do search, analytics, compliance in a seamless or holistic way. that is the vision. if one step back, one can clearly see how this can be a very large and lasting company. caroline: $240 million runway to go before we wish you well. we wish you well spending it all. someone has to do it. wonderful to have you here. gentlemen, well done. congratulations. thank you. a japanese startup is betting consumers want to forge an emotional connection with their digital assistants. the c.e.o. created something that projects a miniskirt-wearing avatar inside a glass tube. it greets users in the morning and sends personal messages throughout the day. she does not mind flirting with users. we caught up with him and asked t gatebox, which caught the attention of his

more data is better. we need data across the full spectrum and we do get data across the full spectrum. the other thing we've done is development partnerships. don't quote me on the numbers over 50 or 60 different sharing agreements with partners. it's largely a one way sharing but there is -- there are two way sharing pieces that i would like to make that stronger when we get the new jms system up with more capacity and more ability to ingest that data that will take off, but more is better. >> more is better. i would like to maybe continue on what ranking member cooper was talking about, this effort to create a partnership with the faa for space situational awareness specifically. can you share with us how that is being funded and is it coming out of your budget? is it coming out of your budget? is there something congress should do here to help? >> my understanding is there's going to be an fy '18 budget request coming out of the faa but i'm hesitant to say that because i'm getting in the faa's lane a

i note data is supporting word, people tend to tune out when you talk about data, but it is vital . only data, only information, gives us a full picture of what is happening. it's where people use to make hard decisions. we at the fbi are pressing for more data in this country for the last two years. were going to keep pressing for. data related to officer involved shootings, data related to altercations citizens, and attacks against law-enforcement officers and data related to the crime. we must do a better job of tracking and repeat cry. we need to fully understand what is happening our trinity and country so we can stop it. some different. [applause] some jurisdictions do not report a crime data. some say there were no hate crimes in their jurisdiction which would be awesome if it was true. we must continue to impress upon our state and local counterparts how important that we track and report a crime data. if not something we can ignore even though it's painful or sweep under the rug, even though with people. lastly, we need to know and believe in good policing in this country.

data.he inflation data which keeps the ecb on the sidelines for now, inflation meaning well importantly more inflation expectations very subdued. the ecb will be on hold for a while. guy: they presented him with a tulip. just to make the point the bubbles can be blown. is there a danger that the ecb is focusing too much on inflation? j.: i think they have made huge policy mistakes. we're beginning to come to the conclusion that unconventional monetary policy has not achieved to achieve. out i think the united states federal reserve is now beginning to do the right thing. i think in raising interest rates, economies will begin to normalize because the one thing, the one feature of western economies, all advanced economies which remains a huge problem, is a lack of productivity growth. the lack of productivity growth is at the core of the remaining problems we have. there is a challenge to companies coming through in the u.k. there is a challenge to the american economy coming through from hi

debra: i think the south korean data is a highlight -- mark: the south korean data is a highlight.he region overall is good news. farther down the line we will probably get more accusations of currency manipulators raised against korea with trade doing so well. that will be a concern. you might see the korean won appreciate. we are seeing little reaction in the market. across markets, there is a slight positive tone because of with theess deal korean data. you have negative chinese data, but the congress deal is given a positive tone. the dollar is big and the yen is weakening. if you markets that are open are starting to rise a little bit. also prettyere excited about australia this morning, especially when it comes to the pmi prints. we had inflation data out this morning. why were you excited? australianxtra -- pmi data was the second highest print in almost five years. it was a great number. there was not enough people around paying attention to the markets to care. i think they will say this is a strong number. you saw melbourne inflation data and that was very high. it is har

all 50 states and we will be use the federal government's data bases. so we'll be doing things like that that has never been done before and some statistics. this debate is so contentious but oftentimes, the-the-debate doesn't have enough facts in the debate and we will be putting them on the table. host: and we're talking with kristen clark with the lawyers' committee for civil rights under law about that commission. if you want to join that conversation, call 202-748-8000, 202-748-8001 and 202-748-8002. clark clarks you were clng -- kristen clark can, you were getting the numbers what is we ere talking about. guest: he's really made this a core part of his agenda, looking for vote fraud. he's announced that there is widespread vote fraud across the state of kansas and it's caused a bit of hysteria with these allegations and claims. o date, he's turned up one and there was one case that he successfully prosecuted last month. and this is one out of millions of votes cast in the state of kansas. so i'm concerned as he prepares to take this effort to a na

market data is a huge enabler. and it has a lot of value. i rant data business for several years. we made sure weave tapped into the value of the data we have in our markets and maximizing the number of people in the marketplace that can sight and access it to drive their strategies. but it's a very, very valuable part of the ecosystem. maria: on the listings part of the business, what are you doing to attract more companies. i was speak to analyst hospital said they didn't get the snap deal. that was a disappoint. are you reaching out to uber and the companies you expect to go public? >> we do a lot of outreach at every company potentially look at going public at some point. one of the areas we have been focused on is the fact that the companies are staying private longer. we have developed a nazdaq private market that allows them toy given vestors and employees to have liquidity for the ipo to manage their cap tables as they are moving themselves towards an ipo. and it allows us to develop a relationship witcoanies earlier on. maria: when we come back we'll talk about public ver