equifax disaster has been the greatest gift to symantec. already going after people who have been affected by equifax. equifax was a competitor of lifelock with credit watching and things like that. i do not know anyone who will continue to allow equifax to monitor their credit. i think we will see symantec get a big pop by that lifelock unit. i think symantec is in a andtion to really wow report a strong quarter. thatnot think the rest of has been priced in. i think it could go to 35 or higher at a earnings. julie: the symantec at of lifelock got credit tracking from equifax. a client off equifax. the as it may, we have your trade up right now. you are suggesting $34 calls. if you think it is going to $35 or $36, why not be more aggressive with that call? >> these are cheap. i am thinking about a $33 stock. i'm only risking a small percent. i doubled my, money and risk very little and i am a happy camper. relatively low risk and high reward given what i am putting out there. julie: thanks so much. we will watching those earnings on novembe

symantec's having its worst today since april of last year.over at cowan and today downgraded at morgan stanley. the downgrade yesterday had to do with analysts saying that investors should take profits post the equifax spike. we have keep wise downgraded shares from equally saying improved product positioning and greater upsell opportunity does not equal demand. let's take a look at all this and the chart by hopping into 3401.oomberg at g #btv we see the stock is up on the year and a very nice way. we also see that more recently it has been range bound. this area is a technical pattern and it's an island reversal. the initial investors who bought shares on the equifax breach got this incorrectly for the shares, likely to reverse back down to the lows of the range around $28 per share. the downgrade makes sense at least only take a look at the technicals. shery: what does this say about analysts talking about the cybersecurity space? how do you invest their? re? abigail: they upgraded a competitor called palo alto network. you should either sh

symantec will be sold to a group led by bc partners.ght, we were reporting that they were close to doing a deal to sell symantec -- saran tech -- ceramtec. the price would be substantially higher than they paid for it in 2013. an ipo, but ited seems they have gone for a sale. notes from the meeting will reveal how toward the fed was. yesterday, we spoke to ubs ceo sergio ermotti on his view on the central banks next step. he sat down with bloomberg exclusively in new york. sergio: the market is already pricing the probability, the apectations that you may see three quarter of a point hike in the future. the equity markets are implying this kind of potential hike. i don't expect the fed to move aggressively. they have a nice path of being by the fact that a lot of the bonds they have will expire and they will be able to contrast the balance sheets smoothly. wildcards is a u.s. president to his notch i about sharing his views on monetary policy, if that occurs to him. about sharingshy his views on monetary policy, if that occurs to him. a

reports of a new waive of efforts to breach energy sector networks in the united states according to symantec in some cases hackers achieve unprecedented access to operational systems that in light of these reports i'm interested to know how the department of homeland security and the department of energy are working together to secure energy sector networks and make them more resilient. additionally as a member of this committee and the congressional task force on election security i am eager to hear about dhs activities to secure our election systems. although the administration's commitment to the critical infrastructure designation appeared to waiver earlier this year i was encouraged when acting secretary duke told committee democrats last month that there are no plans to resend the designation. with that comment i look forward to hearing about the progress dhs is making to help the state and local government secure election of the infrastructure and whether the department has adequate resources to carry out its responsibilities in that space. for example i understand there's a nine-mont

prior to joining symantec he served in possessions on the homeland security and welfare committee and as an attorney with the washington dc wall law firm, welcome. doctor peter visits scribe the nationally not expert on electromagnetic pulse or emp. doctor fry was most recently chief of staff of the emp commission and has served on the staff of various congressional commissions related to national security as well as the house armed services committee and was an intelligence officer with the central intelligence agency. welcome sir. >> i thank you all for being here, the chair recognizes that mister soto or an opening statement. >> chairman perry, ranking member, and distinguished members of the subcommittee, thank you for the opportunity to testify before you today. i'm on such a critical set of issues. north korea poses an increasingly complex and multidimensional threat to the us homeland. many facets of the challenge include the nuclear threat, the missile threat and the proliferation threat. my old remarks will focus on the cyber. as regards to the cyber aspect, is not one-dimens

you know, we recently hosted greg clark, the ceo of symantec, and russia is requiring providers to turn over their source code. fortunately, in their case they took security over sales, but i'm not sure -- that's a big issue i think going forward, and china as well. so china has a huge market. so i hope u.s. companies think about the security implications prior to doing that, the flip side. we have a couple of minutes for questions. please identify yourself, and we'll do here and then here, and then -- oh, god. and then we'll go there and then who i can't see back there. so let's start over here. >> hey, rob. thanks for joining us. jeff hancock, senior fellow at the center as well as ceo of advanced cybersecurity group. questions really around active cyber defense. i don't mean hacking back. you and i share some of the similar backgrounds, red, blue. when i talk about hacking back, it is not in context. active cyber defense for across the federal government, civilian side, not dod, not dhs, strictly civilian side. what are your thoughts on that as well as what it means for the commercia

-- in symantec? mr. smith: i do not serve. a list ofu provide executives that do. someone in the company gave them a heads up so they had the opportunity to get the phone banks ready and in advance of everyone else, started calling about their service and at a 9.99 instead of the $9.91 discount. someone tipped them off from the outside and --so much of them off from the inside and if you found out which acte executives owned stock. mr. smith: your source was bloomberg? i will look into that. >> the time for the gentleman has now expired. scott frome mr. georgia. >> i represent the great state of georgia. i love georgia. with this news first came to me and my staff reported it, i immediately wanted to do everything i could to make sure we would be able to make sure that out of this, that after this that equifax would be standing tall. that they would be clean. that is my objective as a congressman from georgia. because, as you said, you represent a legacy for our great state. you are a 128 year old company. people,oy 20-30,000 many of whom are my constituents. many

-- in symantec? mr. smith: i do not serve. a list ofu provide executives that do. someone in the company gave them a heads up so they had the opportunity to get the phone banks ready and in advance of everyone else, started calling about their service and at a 9.99 instead of the $9.91 discount. someone tipped them off from the outside and --so much of them off from the inside and if you found out which acte executives owned stock. mr. smith: your source was bloomberg? i will look into that. >> the time for the gentleman has now expired. scott frome mr. georgia. >> i represent the great state of georgia. i love georgia. with this news first came to me and my staff reported it, i immediately wanted to do everything i could to make sure we would be able to make sure that out of this, that after this that equifax would be standing tall. that they would be clean. that is my objective as a congressman from georgia. because, as you said, you represent a legacy for our great state. you are a 128 year old company. people,oy 20-30,000 many of whom are my constituents. many

the traffic you agree to breathe members of this subcommittee on efforts to address the report of symantec, for example, that describes these potential cyber attacks that are happening or the ones that are happening right now. would you also agree to pull together a briefing of the members of the subcommittee on the reports we've heard of of these russian link hackers targeting the electric grid? is that something would be willing to do? >> yes, sir. >> we will try to make that happen. i want to switch gears quick. i have two minutes left. i want to go back to the travel situation, not to beat a dead horse but because actually i have see -- i see an opportunity here given your willingness to address this up front. i didn't sharing this task force force. where releasing a report today called trump's highflying cabinet, which details what i i see is kind of a culture of entitlement among many of the cabinet members in terms of using these private jets at public expense to kind of jet around the country in ways that i think are offensive to the average person out there. you have spoken to the

the traffic you agree to breathe members of this subcommittee on efforts to address the report of symantec, for example, that describes these potential cyber attacks that are happening or the ones that are happening right now. would you also agree to pull together a briefing of the members of the subcommittee on the reports we've heard of of these russian link hackers targeting the electric grid? is that something would be willing to do? >> yes, sir. >> we will try to make that happen. i want to switch gears quick. i have two minutes left. i want to go back to the travel situation, not to beat a dead horse but because actually i have see -- i see an opportunity here given your willingness to address this up front. i have been cheering -- chairing this task force force. we are releasing a report today called trump's highflying cabinet, which details what i i see is kind of a culture of entitlement among many of the cabinet members in terms of using these private jets at public expense to kind of jet around the country in ways that i think are offensive to the average person out there. you h