i.t. is quite strong so another piece of evidence is i.t. companies try to bring in skilled workers from overseas on different types of visas. when times are tough, they don't apply asthma because they can find american workers. the h-1b visa program is oversubscribed right now. the job market is very tight particularly in i.t. i am very surprised and it's not at all consistent with the other that i'm aware of. host: chicago, a democrat, good morning. caller: i think this discussion about jobs is the determining factor of the health of the economy. sometimes, there is a reveal but i have not heard since president trump got in, what has happened with the infusion of money in financial institutions. we is to have several minority owned banks. now there are none. there is a big glut of access to capital. putting ahe tax bill lid on textus -- reductions on real estate in terms of taxes, i think we will have a major problem for middle-class people who have these government safe jobs. i'd like your guest to talk about the kind of wage stagnation.

health commission i.t. update. i wanted to bring to your attention this is really an i.t. and e.h.r. electronic health records system update because they are so integrated and dependent on each other. if you will allow me i'm going to actually go back in time about four years for those commissioners who have not been here and to focus on one slide before we get into the updates. so this is the agenda and today i'll go over the strategic roadmap as presented in 2014 and i'll also be presenting you with the roadmap on how it looks today as well as going over the electronic health records overall timeline and diving deeper into this and going over the project phases, the current project budget, and the e.h.r. governance structure which allows us to stay on target and stay on budget in terms of timeline as well as the scope. as well as the accomplishments up to date and we really started this project about a month ago officially. and the next steps in risk and i'll be more than happy to take any questions that you have. first of all, many of you may have already seen this. thi

we have made a lot of changes in our i.t.tments to move to different skill sets, so it is certainly changing the nature of employment and the sorts of profiles you want. whether we buy the services ourselves or do it ourselves, it makes a difference as to where the employees are, but net-net, more employment is being generated in the economies. david: can coca-cola compete with silicon valley and the digital startups when you are trying to recruit the young computer scientists? james: atlanta is a fast-growing economy. the state of georgia has been placestop one or two to do business in the u.s. for many years in a row. the local political system has done a great job, so has the city. it is a very competitive economy there and we do very well in it. we are happy to see atlanta and georgia growing, and they have done a lot to invest in tech startups and the media industry in and near atlanta. and it has been very successful. david: as you look towards really substantial new growth in these beverage categories, are you looking

wherey are in i.t. spaces general dynamics is not.s a footprint in dod, homeland security and other federal agencies. gd has some in those agencies, but it is concentrated in the defense sector. it broadens things. the other thing that may be going on is the federal government is about to announce a huge cloud contract. before the end of the fiscal year. this could be $10 billion for 10 years and it may be is looking to position itself to get that. >> there is an important story around economic growth in japan. that slowed sharply in the fourth quarter, expansion just 0.5% for the previous three months, half of the 1% economists had estimated, and down from 2.2% growth in the third quarter. where does that leave the boj? in terms of what it has to do? >> even with the conditions and the labor market as tight as it is, they are nowhere near their inflation target. there is no evidence that inflation will accelerate anytime soon like they want. i think all the indications are that they will stick to the course. committed to the stimulus

making them the second-largest provider of federal i.t. services.insohn joins us from washington, d.c.. are there any anti-trump concerns here? anything to worry about, given that this company will now be supplierssive, massive of all kinds of services to the federal government question mark -- government? i suppose they will look at this to see if they are afraid of competition, but there has been so much churn in the i.t. , mergers, defense spinoffs and things like that, at the end of the day i don't think that the government will seek to block this. how big is this for general dynamics question mark what does this acquisition do? is it a matter of negotiating power? is it cost-cutting? all of the above? rob: it does two important things. of -- see sralot is a lot of spaces that general dynamics is an. they have a big footprint in homeland security. general dynamics had some footprint in those agencies, but it's much more concentrated in the defense sector. the other thing that we think may be going on here is that the federal government is about

it is not just direct i.t. jobs. we have it up to 400 other companies helping us with taking on and giving the kids mentorship. even get internships -- paid internships no less. to me, that is one way for the youth. i need the employees. everybody i know needs the employees. look at ciber skew -- wety -- cyber security do not have to train people. this is a really big deal. when you look at the graduation rates out of community college, i already have the data. we are 400 times better than the average community college graduation rate. eitherthe kids are graduating with their associates degree are going on to college. we started with the most underserved kids. 70% qualify for free lunch or lunch assistance. they are coming out now. i am such a proponent. i am offering to help educate your kids. it is really something that i am so passionate about. i do believe it is a responsibility. it is our responsibility to work a public-private partnership. there was no one better to sponsor it other than a governor. >> let me o

the typical i.t.nvironment used to be that's something that we actually thought is important to address. >> it is no coindense that president trump has tapped the former head of cybersecurity for the army to be the potential head of the nsa. let's listen to what the defense industry is thinking here. john harris says he thinks cyberattacks are going to be the greatest threat to security going forward. >> cyber is a core focus of our company, one of the fastest growing elements in defense and commercial we have made significant investments over the past 15 years. we are a world player in cyber that is one of the largest and most important threats to our nation and our allies. the plor we amore we are connece more we are vulnerable our job is to understand the threats and device systems to protect us >> reporter: cybersecurity brought a major focus here we are going to speak to america's cybersecurity czar, rob joist. >> hadley, i want to ask you, what are the other issues that have come up as well or y

in i.t. management. she was born in iran grew up in vienna and now lives in berlin. it's a creative city and a great place to work on her unusual ideas. in a co-working space she develops new digital technologies together with startups. loyal fine folks starting something new isn't hard for me anymore. i actually seem to look for ruptures for discontinuity maybe that's because i'm a child of the diaspora my parents had to leave their country when i was four. maybe that so to see emotionally. a lifetime i'm driven by curiosity you have to understand things. and the only way to understand them is by doing them. that's why i do something completely new every two to three years. because. sharmeen version is current focus is blocked chain a complex technology that she thinks could change the world. but chain as a new kind of digital operating system to applications can run on it's already underlies the cryptocurrency bitcoin. it could make banks and insurance companies redundant in the future. looks chain as a decentralized computer network containing encrypted data enter

for businesses it is the i.t. company that is end to end. said there's lots of other companies out there right now, so we've had to change our portfolio. we've also had to reinvent how people do not work and that is everything from agile working to call location toin new tools and also founded ibmers, 360060% are new in the last five years. so we'll talk more about skill. but in all thatsk reinvention, we've done a billion of divestitures. it taken 60 acquisitions. we have now returned the company with all the reinvention back to growth in the last quarter and now one of the topics we talk about really focused on the responsible stewardship of the new technologies as they come into the world. >> that's exciting. >> it is to me at least. it is early. >> don't worry, will wake them up. so what is the future of technology. we've talked about in i mentioned in my remarks to the driverless cars, drowned sky renewable energy. one of my favorites, the smart coffee machine, the internet of things. what is the next big thing? what should all of us as

i.t. is quite strong so another piece of evidence is i.t.nies try to bring in skilled workers from overseas on different types of visas. when times are tough, they don't apply asthma because they can find american workers. the h-1b visa program is oversubscribed right now. the job market is very tight particularly in i.t. i am very surprised and it's not at all consistent with the other that i'm aware of. host: chicago, a democrat, good morning. caller: i think this discussion about jobs is the determining factor of the health of the economy. sometimes, there is a reveal but i have not heard since president trump got in, what has happened with the infusion of money in financial institutions. we is to have several minority owned banks. now there are none. there is a big glut of access to capital. putting ahe tax bill lid on textus -- reductions on real estate in terms of taxes, i think we will have a major problem for middle-class people who have these government safe jobs. i'd like your guest to talk about the kind of wage stagnation. to the

so the other three, and arguably the most well-capitalized and certainly those special to most i.t. globally are in china. what's interesting here is that the chinese government has made big proclamations about the next 20 years and how it plans to be a global leader in ai. but what's important to know,, because it made industrial policy before and china doesn't always follow through in a way that measures up to the proclamations. what's different this time is that china is not going it alone. there are researchers based in the united states. they are pouring money into u.s. firms, but unlike a traditional hedge that are not just expecting a 10x return bigger expecting leading i.t. there's a lot of work that is being done here that is going directly back to the chinese government. there was no way for me to build a scenario out for the next 20 years at the moment that has an optimistic framing. china, you have probably heard that data is in the next oil. the reason for that is because it is our data that his mind and refined and productized that makes this system work. if that's the

might note that three new contracts are related to the i.t. system and we'll have a report on the i.t. system later on this afternoon. seeing none, we're prepared for vote on the consent calendar. all those in favour, the consent calendar, please say aye? >> aye. >> all those opposed? the consent calendar has been adopted. we'll go on to our next item, please. >> item seven is a resolution evening dorsing the san francisco safe injection services task force final report and recommendations. this was presented to you -- the topic of the task force recommendations, what's presented to you on november 7, 2017 and you requested a resolution to be brought back to you and this is the resolution. >> right. commissioner, this is at a request that there be a resolution, but may endorse the task force final report and recommendation. so, it is now before you and will be presented by ms. logren. >> my name is eileen logren and i work in the department of community health. thank you for your time and the opportunity to come back here today, to follow up o

so maybe the i.t. focus was their initial push. haven't -- now you see more in terms of health i.t. with apple and apple watch and the iphone and app developers and so forth. i think that one trend you might see is everyone really starting to play more in the health i.t. space which i think is interesting. but does that change the health paradigm? does that change the trend of health care spending that tom mentioned going, well, as being a problem and really going up and needing to change that focus? google comes back into the health care market with a company called verb surgical which is a j&j/google venture, roughly a billion dollars, to bring robots, more robots into is technology center. or surgical suite. amazon, for a long time, has been disrupting the front of the store in the pharmacy. lots of dme distribution. if you think about how people once upon a time got many things by going to the pharmacy, quite often now they're simply going on amazon and having it delivered. that, of course, makes companies like cvs nervous. so what does cvs do? initially, in 2007, they acquired

so, maybe the i.t. focus was their initial push. now you see more in terms of health i.t. with apple and apple watch and iphone and app developers and so forth. i think that one trend you might see is everyone really starting to play more in the help i.t. space, which is i think is interesting. does that change the health paradigm? does that change the trend of health care spending that tom mentioned going-- well, as being a problem and really going up and needing to change that focus? google comes back into the health care market with a company called verb surgical, which is a j&j, google venture to bring morrow bots into the surgery center or surgical suite. amazon, for long time, has been disrupting the front of the store in the pharmacy. lots of d & e distribution, if you think how people once upon a time got things by going to the pharmacy and simply they're going on amazon and having it delivered. that, of course, makes companies like cvs nervous. what do they do? they acquired highmark and has an insurance component to it, maybe it's not that big of a surprise they

more than a quarter of a million new jobs last year mostly in the services sector machinery makers an i.t. companies are also recruiting heavily boosted by low interest rates on the global upswing france is a commie grew by almost two percent last year. he u.s. ports to the u.s. jumped to sharply last year while the bloc imported only marginally more from the u.s. the use resulting trade surplus rose seven percent more than one hundred billion euros. u.s. president donald trump highly critical of the trade imbalance has accused the europeans of unfair practices saying e.u. import tariffs in many sectors are higher than those imposed by the us. posted losses of four point five billion dollars last year this as the on demand taxi service has a real from scandal and legal troubles including shareholders ousting c.e.o. travis colonic last june optimistic after improved fourth quarter results new management says the company is still on track for an i.p.o. next year. this conspicuous structure is actually a mini market located in a commercial district outside beijing it's fully automatic there'

along with all the work you are doing to connect all the i.t. >> commissioner chow, to answer that very honestly, yes, i'm very confident that we'll be able to meet our goals. namely because we have a strong executive support as well as leadership support over at the divisions. especially the c.n.o.s. but i want to do a special shout-out for winona and albert who -- and alice and rowman who has been really exceptional. now having said all that good stuff, i want to make sure we understand this clearly. epic is the foundation of the ecosystem. there will be many, many things that we could add on to make it better and more super. but that means the work still has to continue so our journey won't end here. this is just the start. but i think you are going to to be very please wased where we'll be in a few years. >> and commissioner, thank you for your leadership for incredibly competent leadership and he's changed for our i.t. needs and particularly for our patient needs and our electronic health records. i want to thank him for that. >> thank you. the biggest thing should go to barbara an

i.t. thatd bet on could shake up the defense industry.al dynamics has agreed to sra for $6.8 billion, the itgest ever acquisition as looks to expand its i.t. offerings. csra has a footprint in dod, homeland security and other federal agencies. gd has some in those agencies, but it is concentrated in the defense sector. the other thing that may be going on is the federal government is about to announce a huge cloud contract. this could be $10 billion for 10 years and it may be is looking to position itself to get that. is an important story around economic growth in japan. the slowed sharply in fourth quarter, expansion of the just 0.5% for the previous three months, half of the 1% estimated, and down from 2.10% growth in the third quarter. -- 2.2% growth in the third quarter. where does that leave the boj? >> even with the conditions and the labor market as tight as it is, they are nowhere near their inflation target. areink all the indications that they will stick to the course. don't forget, we have the expected appointment of governor

i.t. stocks under significant pressure 4.3%. organ stanley has today downgraded the space in asia.der pressure handling over a lead.ve this is bloomberg. emily: this is bloomberg technology, i'm emily chang. back to one of our biggest stories, the fight between waymo uber in full swing. how did they get to this point? a look.es eric: a home healthcare at&t lineman and on technician, three of the jurors. self-driving unit versus the world's most valuable start-up, uber. those jurors will be deciding if w-- stole credits from secrets from waymo. will have to anxiety from r stole the recipe selling secrets. google ll of former employees led by anthony. they found g auto, that he kept a lot of his old google emails, did that material uber and did o uber use those alleged secrets o kick-start its self-driving unit. the stakes go beyond the tech and the dollars. t could decide the future of recruiting talent in silicon valley, impacting how easy it is leave one company to take their expertise to another. the trial could be the silicon valley red carpet with google founders sergii possibl

look at the i.t. sector the doctors good workers etc people simply feel this is not an environment where they can see themselves with their families in the long term. this is something that worries me especially. even if there were jobs available here students know they get more pay and recognition abroad. there are simply no opportunities for me to show my knowledge. i finished university but i can't find a job in my profession oh. so i decided to requalify and live in a society that appreciates my hard work and performance. and to think more about. that swine edina regimen applied to the both me and labor agency for assistance to move abroad gemini is desperate fanaticisms so now the qualified lawyer has trained to do that instead. in croatia many commemorate their departure in the bus station one in serbia the journey into a new life often starts by train south eastern european countries on just losing a few young people then losing pretty much an entire generation. as update here on t w thanks for

the regional index, the i.t. stocks are leading the gains.ally, investors getting back into those stocks, which they downed last week. you can see tencent is leading the gains. hong kong on the lunch break sent tencent shares up by 2.5%. a steel company in focus in india after its third-quarter innings -- earnings were up. tire is under for -- is underperforming. the overall kospi was up over 1%. , falling thehange most in nine years. investors reacting to the national stock exchange of india's move to end its impact. a rush of downgrades coming through, as well. when you look at the moves section, these tech players moving higher, a switch out coming through from energy players in the wake of the big drop in crude last week and weakness in the australian banking sector. a better day for asian stocks to wake up to on this shortened trading week. china and hong kong closing early for lunar new year. it is with conviction. another story, keeping a close infamous ritz carlton in the saudi capital real punch to the public after acting as a detent

i am not an economist, i'm self-employed in i.t.. right now i happen to be the queen -- be between clients. you can see the rest of this washington journal statement on our website. zandi in therk search bar. now we take you to the u.s. house of representatives. on the agenda, ideal -- this is like covered on c-span. -- live coverage on c-span. the speaker pro tempore: the house will come to order. the chair lays before the house a communication from the speaker. the clerk: the speaker's rooms, washington, d.c. february 13, 2018. i hereby appoint the honorable mark meadows to act as speaker pro tempore on this day. signed, paul d. ryan, speaker of the house of representatives. the speaker pro tempore: pursuant to the order of the house of january 8, 2018, the chair will now recognize members from lists submitted by the majority and minority leaders for morning hour debate. the chair will alternate recognition between the parties. all time shall be equally allocated between the parties and in no event shall debate continue beyond 1:50

. >> the next initiative is also an i.t. project relate to the controller's office of financial systems project also known as f.s.p. the went live july 5 and as the system has a lot of capabilities as you've seen with the different ways to report on the budget there's also been challenges and the implementation of the new system. most significantly for us was an interface between the financial system and our procurement system. we were the only city to implement the procurement module and upon implementation we saw many links were broken, essentially. so we lost a lot of our automated capabilities so there's the short-term issue of keeping the trains running and making our payments and making orders on time and reconciling systems and it's requiring extra staff and we've been work with the controller's office to understand the i.t. issue but we feel we'll need to create a new interface between the two systems to be able to automate it in the future. obviously we are not interested in doing manual reconciliation moving forwar

for us tonight good evening to you oliver so we've got the german government confirming that federal i.t. systems were attacked do we know any more about this what sort of attacks are we talking about that's why the interior ministry confirmed these attacks they say they were isolated and brought under control right now the foreign ministry is concerned as well by these hacker attacks these attacks might have started up to a year ago they were then discovered in december but only published today it's unclear right now how big the damage really is but what we do know is that malware was installed on the government service and apparently data valuable and sensitive data will still and and we know that german media are reporting tonight that a group called a p t twenty eight was behind the attack what do we know about this group. well these so-called a.p.t groups are among the most professionally operating hacking groups worldwide and security experts believe that there are about one hundred fifty of these groups active and they are highly professional very well equipped with money personne

investment we've seen it's not like we are letting off on the i.t. investment side. we invest heavily in digitalization and in regulatory implementation of the new regulation coming in we're trying to find a balance we're in a fortunate position to have a strong capital position it's only natural for us to give that back to shareholders. at the same time investing quite heavily. there's no letting down on the investment agenda. >> we'll leave it there, sir thank you very much for your time today >> thank you >>> sabo-el shares have slumped. spain's fifth largest lender said the boost was due to a one-off sale net profit for the period doubled to 147.7 million euros but below forecast full-year net profits missed estimates. >>> shares in kcaixabank are alo sliding. the fall in profit came after a devaluation in the angola unit off the portuguese business. the spanish lender set aside more than 100 million euros to cover missold mortgages. >>> coming up, president trump travels to the gop retreat in west virginia to push the white house's plans for immigration reform a

>> i think one of the most dangerous things about consumer i.t. devices is that they can be breached in order to be turned into weapons for an attack. this is what we saw with the attack about a year ago where the objective of breaching those devices wasn't about getting the data off the devices, but taking all of these smart connected devices around the world and using them as a weapon to, in that case, target the underlying infrastructure that ran spotify, twitter, some of the other key sites on the internet. i think we also need to recognize that some of the new cyber crime models allow for incentives that would drive criminals to look at these devices. if you can hold a smart tv for hostage and basically say, pay $100 in bitcoin to get access to your $2,000 tv back, that now becomes a reason for a bad actor to go after those devices where they would get paid rapidly without having to sift through the hours and hours of mindless banter that they would otherwise be eavesdropping on with all of these consumer devices around the world. >> we're se

mostly related to the one time funding project that we have, and we do have in the current year an i.tpense related to a current piece of equipment that's a little larger and more expensive, and we are not anticipating capital equipment in the second year right now. when we come back a year from now, and that second year is our first year, it may change, but for the best of our knowledge, at this time, we have our capital expenses about even in current year, '18-'19 year, and then we have a break from those costs. projects, a lot of this relates to the grants and the one-time funding, projects like the rail yard alignment one, where we had a few million dollars in the current year. a lot of that was considered to be a project expense. and then, this is where it's the other way around, where we pay the city attorney, department of telecommunications for our i.t., a lot of infrastructure that we pay for them. a lot of city departments, we all charge each other. we recover our costs from the services we provide them, and they recover their costs from the services they provide to us. so th

leading thecks are advance on the hang seng, along with i.t.t suisse see further stocking, retail landlords in particular seemed to benefit from the rising net wealth affected the region with rents likely to erase the second half of the year. credit suisse is cautioning that you should be more cautious due to rising interest rate risks. taking a look at the laggards, power assets leading the decliners, down over 1%. taking a look at the composite, telcos and energy stocks lead sectors higher along with property players. keeping them dry on the consumer space, under pressure today. about pricingned and fair competition during a meeting on wednesday. those stocks dragging down. i.t. under pressure in shanghai. rishaad: thanks, sophie. u.s. monetary policy rarely out of the minds of investors. part of our first word news today with stephen engle. sonal: absolutely -- stephen: absolutely right. the fed met for the first time -- the last time under yellen, keeping rates unchanged by setting the stage for rise. fomc says it expects conditions will ev