mr. moss, you're one of the companies that invested heavily in proprietary lines in order to send out in a timely basis, aren't you? >> yes. >> okay, so you did so for two reasons. one was clearly to ensure that your story didn't fail to go out. and i guess the second one is to make sure you got it out at least as fast as any one else if not a few seconds faster. isn't that right? >> mr. chairman, we're not interested in getting it out faster than anybody else. >> but you at least want to tie the fastest. mr. doherty next to you is shaking his head so i assume he wanted to. >> we have an interest in transmitting the information as instantaneously as the lockup rules allow. >> and mr. doherty, you also obviously have an interest in absolutely positively not being beathe news stand. >> we have our interest is to get the information out as quickly as we can to our clients within the rules of the lockup. >> and you sort of represent the umbrella for a moment, dr. hall was very kind in saying that,

and then i'll go to you, mr. moss. >> congressman, the department of labor has a master switch that controls communications into and out of the room. no news headline or story can be published until the labor official literally flicks that master switch at 8:30. >> all right. mr. harvey, do you have a comment? >> that's absolutely true. one of my concerns came from an extraordinary number of incidents over the past few years that involve this sort of technology coming out and i do think that there is a need to sort of at a minimum really review the security in that lock-up room. >> congressman, i would add that's why these discussions we were having with the labor department are focused on that. you know, they have needs, and as i said in my testimony, we understand they have the responsibility and right to set up lock-up rules, and i think our view would be that the april 10th announcement plan, whatever you want to call it, didn't strike that balance. and we're hoping to in these negotiations. >> yeah. and can be i'

mr. moss? >> chairman issa, congressman cummings, members of the committee, i thank the committee for the opportunity to appear today and i want to express my particular appreciation to the committee for its engagement in this issue. bloomberg news provides data, news and analytics to those in the industry beyond finance. bloomberg news is delivered through the bloomberg professional service, through television, radio, mobile, the internet, and two magazines. "bloomberg business week" and "bloomberg markets." we are syndicated in hundreds of newspapers globally and cover the world with more than 2,000 reporters and editors in 146 bureaus in more than 70 countries. we are experts at publishing economic statistics and disseminating market moving information. media stakeholders are making progress, mr. chairman, with the department of labor in arriving at a place that will not undermine the first amendment. will not reduce transparency and accuracy of critical data or create unacceptable cyber sec

then i'll go to you, mr. moss. >> congressman, the department of labor has a master switch that controls communications in to and out of the room. no news headline or story can be published until the labor official literally flicks that master switch at 8:30. >> do you have a comment? >> just that, that's absolutely true. one of my concerns, though, one of my concerns with the lockup room came from a number of incidents over the past few years that involved this struggling with the technology coming out. and i do think that there is a need to sort of at a minimum really review the security in that lockup room. >> congressman, i would add, that's why, you know, these discussions we've been having with the labor department have focused on that. they have needs and as we said, i said in my testimony we understand they have the responsibility and the right to set up lockup rules and -- i think our view would be that the april 10th announcement, plan, whatever you call it, didn't strike that balance. we're hoping to in

and i'd like to ask a question of the two representatives from bloomberg and reuters, mr. moss and mr. doherty, why would anyone subscribe to your newsletters if they weren't getting some benefit in terms of accessing information before the public? in response to one question asked earlier, you said that your information is provided to your clients into the public public at the same time. but could you answer for me, why would anyone subscribe to your newsletters if they're not getting some kind of advantage? >> well, you know, how we send it out is one thing to everything goes out at 8:30. how people receive and use it is totally up to the. so as to how they would use it that's where the benefit would come in. you know, as i mentioned earlier the information does go to a variety of places. it was going to give on wall street, and not just wall street. the financial community worldwide. it would also go out to media clients who can use it on their websites. it also goes out to consumers via reuters.com. but i think the idea is how people use that information once they have it i

mr. moss, you are one of the company's that invested heavily in proprietary lines, aren't you? >> yes. >> you did so for two reasons. one was clearly to ensure that your story did not fail to go out, and i guess the second one is to make sure you got it out at least as fast as anyone else, if not a few seconds faster. is that right? >> we're not interested in getting it out faster than anyone else. >> but you at least want to tie the fastest? mr. dougherty is shaking his head yes. i assume he wanted to. >> we have an interest in transferring the information as instantaneously as the lock up rules will allow. >> you have an interest in not being beat to the new stand? >>ms. dalglish, you represent an umbrella, and dr. hall said most of its essex go out on a news wire. everybody gets them at the same time. the most important are subject to this lockup historically until today. let me ask you one question. if in fact the bureau of labor statistics started pumping this all out to their internet, w

mr. moss. >> chairman issa, i want to express my particular appreciation to committee for its engagement in this issue. bloomberg news provides data, news and analytics to decision makers and industry beyond finance. bloomberg news is delivered to the bloomberg professional service, through television, radio, mobile, the internet and to magazines, bloomberg business week. we are syndicated in hundreds of newspapers globally. we cover the world with more than 2000 reporters and editors than 146 euros and more than 70 countries. we are experts at publishing economic statistics and disseminating market information. the media stakeholders are making progress with the department in a way of arriving at a place that will not undermine the first amendment, will not reduce transparency and accuracy of critical data or create unacceptable cybersecurity risks. while no conclusive agreement has been reached that we have we have seen would not have been possible without the impeachment of members of this

mr. daniel moss and mr.rob doherty, why would anyone subscribe to newsletters if they weren't getting some benefit, in terms of accessing information before the public? in response to one question asked earlier, you said that your information is provided your clients and to the public at the same time. could you answer to me, why would anyone skyview newsletters if they are not getting an advantage? >> well, you know, how we send it out is one thing. everything goes out of 8:30. as to how they would use it, that is where the benefit would come in. as i mentioned earlier, the information does go out to a variety of places. it goes out to the financial community worldwide, and media clients really goes out to the consumers at reuters.com. i think the idea is how people use that information, once they have it, is what the differences. i would say to your comment if bls princess at 8:30, it would make a difference. in fact, the benefit of having half an hour to digest it, and make suggestions is not important to

the moss angeles, tickets for the event starts at $2,500. mr. obama's says he will refuse to allow any attempt to reinstate the military's ban on openly gay service members parapet. he started with the round table for tech insiders. and leon panetta is in afghanistan to check on the war's progress. panetta says that everyone expected the recent rise for insurgent has nato involvement decreases there. just yesterday 22 people were killed in a busy marketplace in southern afghanistan by suicide bombers. >>> please have been unable to identify the woman said turner

the moss angeles, tickets for the event starts at $2,500. mr.'s says he will refuse to allow any attempt to reinstate the military's ban on openly gay service members parapet. he started with the round table for tech insiders. and leon panetta is in afghanistan to check on the war's progress. panetta says that everyone expected the recent rise for insurgent has nato involvement decreases there. just yesterday 22 people were killed in a busy marketplace in southern afghanistan by suicide bombers. >>> please have been unable to identify the woman said turner remains were found near dublin canyon road. she was about 5 ft. 6, hundred and 30 lbs. of the time of her death she was were unique hearings in the shape of feed. and for the first time we aren't during the my own one recordings from an brian stow beating. >>> week that no response. >>> marvin louis according to the tapes it to the emergency crews more than a menace to ride it when they did their ride bicycles. >>> a burning made off led ♪ [ male announcer ] for our families... our neighbors..