the purpose of the data. i think that's where we'll get into it a little more, when we talk about the proposed rules. it looks at the entirety of the data but then what is it being used for. i'd be happy to go into that a little more. >> we'll come back to the two points about not being able to go to somewhere else. and then also the sensitivity of the data, the uniqueness of the data. you can come back to that. but let's go quickly to debbie. can we focus more on the mobile ecosystem? because that's who your members represent, is mobile and wireless. >> so the mobile ecosystem, as you know, as tim was just talking about, involves a lot of companies who are providing the service to you. the isps. one of those companies provides the activity. but it isn't always the same isp when you're using your phone. if you think about you're at home, you might connect to your home wi-fi and then when you're out taking transportation to work, you're on your network connection. once you get to work you might connect with you

i mean the data are compelling. the thought that you guys have put into this in the other cities has been detailed and care, and you know we got a good point so let's not water it down so much so it doesn't matter. you know these kinds of injuries change peoples' lives. forget how expensive they are. they really change peoples' lives for the worse so i think we ought to go for it. like we shouldn't be embarrassed about it. >> yeah, i appreciate your comments. i think the only -- the reason we're watering it down because we were trying to find something that would pass-through the legislature, and -- >> i don't have to worry about that sitting up here. >> yeah. >> you continue to do this the next thing they're going to say "well, we don't want electricity in the cameras because then they will work." i just think we're trying to do good things for our city, and we awtd not to let forces talk us from the logic. >> and correct me -- >> [inaudible] (off mic) be more acceptable to some of the delegation and the opposition.

have said it will be very important how the data evolves in terms of what they do. ized inflation expectations are low, and that is extremely important. the fed has to keep an eye on inflation. inflation expectations are important in the evolution of inflation, and the fed should not be raising rates unless they really are confident inflation will rise to the 2% target, and that is not at all clear right now. so the key to understanding what they are doing is that they will be responding to the way the data is evolving, and the data is not telling them clearly that in fact inflation is going to rise. finally, i would say that one of the key problems that we see for all central banks in the world right now is how difficult it is to get inflation back up to the 2% level, and that will be very important to the fed. scarlet: in fact, the data not only -- looking at the data inflation has not only risen with the strength of the job market, we are expecting gdp tomorrow which is expected to be revised lower for the first quarter to 0.7% from the previous 1.4%. let's listen

the three buckets with regard to the use of the data. so the first bucket is the implied consent you don't need to ask the customer to do anything. because you might need the data to use for maintenance or sort of security purposes. also, for a service that is for marketing using the data for marketing for the same type of service that the customer already has, again, no action is needed, so let's say you have a certain data plan and you need an upgrade for that. no further action is needed. when you then look to the opt out regime they're proposing, again, you have to look at the use of the data. it's for marketing of communications related services. so these are the use of the data that you don't sign up for a particular purpose now. the isp wants to market you related services. it seems to make sense that you can expect that the customer would be interested it's related. there's certain expectations that makes sense to say we assume you're okay with this until you tell us otherwise. the third bucket is for any other purposes to use the

the announcement we had from the fed less time was in the middle of march. much of datasince then. noticeretty hard not to the global economy is weakening. i have a sense that in 2008, there are some similarities from then and today. the danger is potentially that china could weaken even further as we are at a downward turning point. i am not saying we are, but it makes sense to look, watch, and wait. i think people are in lockstep, but the global economy is not looking strong. the imf cut its global forecasts and that will have an impact on the united states. mark: david, what is the in game of this global experiment in unconventional monetary policy? --it helicopter monday helicopter money and where are we all headed -- where we all headed basically? [laughter] david: great question. we are already eight years in. the question you ask yourself, is there a recession coming? what is the fed and the ecb going to do? they were taking about helicopter money. the big concern in the u.s. is that we have not heard from the dead about what it could do -- we have not heard from

i mean the data are compelling. the thought that you guys have put into this in the other cities has been detailed and care, and you know we got a good point so let's not water it down so much so it doesn't matter. you know these kinds of injuries change peoples' lives. forget how expensive they are. they really change peoples' lives for the worse so i think we ought to go for it. like we shouldn't be embarrassed about it. >> yeah, i appreciate your comments. i think the only -- the reason we're watering it down because we were trying to find something that would pass-through the legislature, and -- >> i don't have to worry about that sitting up here. >> yeah. >> you continue to do this the next thing they're going to say "well, we don't want electricity in the cameras because then they will work." i just think we're trying to do good things for our city, and we awtd not to let forces talk us from the logic. >> and correct me -- >> [inaudible] (off mic) be more acceptable to some of the delegation and the opposition.

isn't the sole data. a state can, and this court approved it, more accurately capture actual residents in the state. we think that's what's been happening in hawaii, and remember in ma hand what virginia had done was count all of the navy personnel as home ported which is what the census had done, and the court said you have to make an adjustment to that. thank you, your honor. >> thank you, counsel. mr. constable, you have four minutes remaining. >> thank you. justice breyer, to your question about representation of children, if that were the principle of reynolds against simms in a statewide election, a state could give five votes to a family of five and one vote to an individual. >> i'm just thinking that i'd like to know before knowing whether this is mandatory or not your position. i'd like to know an awful lot more than i know about who these people are who are being represented on the representational theory and who are not being represented on the voter theory. >> in each -- >> i don't know who the

we have the chinese data. wth in the first quarter of how that played out -- 3.7 percent growth in the first quarter. it was better than expected and did not do much to push up equities in asia. question about stimulus there. responding to china but also to the terrible news of that earthquake, the largest quake since 2011 in japan. let's get to first word news with eve on man. -- with yvonne man. yvonne: tries to whether a slump in trading and dealmaking. according to people with knowledge, the ceo is calling for the push which includes firing -- putting a curve on travel and entertainment expenses. federal reserve's bank of atlanta president says he will no longer push for a rate hike this month in light of weakening growth. speaking to kathleen hays, he said there are still opportunities ahead to make a move. a there is, if you look at calendar, there are enough meetings remaining this year that if the data were to suggest the appropriate policy, it would have three months. -- three moves. both are possible.

the china's data and japan as well. surveyhe japan consumer is disappointing and that is driving the story right now. that the chinese data came in much better than expected but it is the japanese data that is at question. do you feel rich enough to drop down $35,000 and put down a down payment on the new tesla. it depends on how eco-efficient you want to be. it looks very efficient. we have 30 minutes to go before the start of the trading day. we are going to cover all of the stories for you. let us check the futures. it is down .9%. the paris market is down by 1.16%. you have these various facets at play. you have a rating outlook for china. how much of that was already in the market. usa, and oil is lowered this morning. to that end, you are some reprieve in the markets. let us get across now tohans. take a quick look at brent. it started the morning with a big bump up, north of $40. taking a quick look, now it is still holding above $40. the asia-pacific index is down. euro-dollar, we are seeing the strength of the e

finally we need to focus on the data that you have now. the key isn't the 300,000 stops, it's not the traffic division. the traffic division is doing traffic enforcement. the problem is the pretext, it's a small subset, it's those searches we're talking of, evidence-based add consent, that's the issue. you should focus on that. it's a distraction to pretend it's the traffic division. it's what captain heart talked about, they're looking to see if you have anything in the car. you have had mothers talking about what happens to their sons when they are innocently sitting in their car. the data (inaudible). >> got to follow the same rules, three rules for everyone. feel free to submit any written comments. next speaker. >> my name (inaudible) and i have written some notes on this already where we all made equal and professional back talking is not in our jurisdiction. african americans and any kind of different looking person, we are all made equal and this is what i was talking about in my letters that i wrote, and any combination of our atti

in the data i was describing to you that gives the insights we now have, that comes from administrative data that the department of education has on student loans including the fafsa which you all know and love your there is no information on therefore race. what you can say is you can try to piece it together. the facts are, if you look at who attends for-profit institutions, community college, disproportionately first-generation students, disproportionately nonwhite, hispanic, african-american. those populations have much lower wealth levels. income, if level of you compare african-american family to a white family, the african-american family will have a lower wealth. wealth built over multiple generations. you need to have not only your parents but your parents parents to have good income for many years for you to end up with wealth and not have it seized and appropriated in an institutionalized way that it happened in the united states. we know that there are disparities according to some government data on what college graduates for minorities are earning per hour after college ve

first, is going to the data. first we need to look at it it off in the summers are compared to the census to 6 words 6% of african americans of the overall population. but that number 6% does not possibly be the same number people that have drivers licenses, own cars, drive to the city. some people decide not to drive. this does not include people from outside of san francisco. when you're measuring these statistics it's for people with emotion against san francisco's back 7 systems, but we don't stop people from san francisco. sometimes that out-of-state license plate about people, Ò shaner stopped. also, the number 919 from we do not know based on this number if those are individual people or with lisa percent person multiple times. for instance if a certain known damon merck driving from one gain area to another officers may recognize that person stop a person wants to determine if they could catch them dirty, as is often said. even if the numbers are way completely right in this number, stop until we work so t

the e.u. data protection regulation which you heard privacy discussion last week europeans think is way tougher than u.s. privacy law of the does not require opt in consent for first party advertising. so this is, this part, this first party advertising aspect of the cpni rule is, would be the toughest or most extreme however you want to characterize it, restriction on use of data by entities you as consumer have a relationship with in u.s. law. if it were to go through without qualification. in the health context there are limits and in some aspects, first party advertising is prohibited. your doctor can't come to you, and say, hey, you should use this drug instead of that that drug. they can put up signs but they can't use your information to go propose that to you. but if you go to a hospital, some of you may have had to do that for good reasons or bad reasons, and you enroll, you check into the hospital, you get marketing communications from that hospital because they know that you have been to

finally we need to focus on the data that you have now. the key isn't the 300,000 stops, it's not the traffic division. the traffic division is doing traffic enforcement. the problem is the pretext, it's a small subset, it's those searches we're talking of, evidence-based add consent, that's the issue. you should focus on that. it's a distraction to pretend it's the traffic division. it's what captain heart talked about, they're looking to see if you have anything in the car. you have had mothers talking about what happens to their sons when they are innocently sitting in their car. the data (inaudible). >> got to follow the same rules, three rules for everyone. feel free to submit any written comments. next speaker. >> my name (inaudible) and i have written some notes on this already where we all made equal and professional back talking is not in our jurisdiction. african americans and any kind of different looking person we are all made equal and this is what i was talking about in my letters that i wrote, and any combination of our attit

and i will just go back to the washington post data alone and when we look at it and compared to the us data. and we have approximately 90 unarmed individuals that were the victims of deadly force l according to the washington post. now, comparatively, we keep hearing this word, epidemic in this culture, police that the24 million adults living in the united states. it literally comes out to something like half of a half of a half of a half of a half percent. and i am not making that up. that is just what the number is. so i think when we frame it as an epidemic, that is part of what is going on here is that we see this as an epidemic. and that is unfortunately. because it is not accurate. and what i would like to see is for us to have a more -- a better conversation so that we can start healing our communities. that is the part that i am a little frustrated about. i spent every day as a law enforcement training trying to find ways to help us improve our decision-making and doing things like that. but it is really difficult when the national narrative ignores the data in the research.

you know, they were using this to store the data securely. ny companies worked in industry they didn't who wanted to share data. financial institutions want to share data. in order to do they needed inneroperability of these standards. we had creation of first government-backed encryption standards to facilitate this exchange of data. the next kind of big change when we had the rise of personal computers and networks and the internet and the need to desirely communicate with a wide variety of users who really had no other way of forming a connection. these were often times anonymous parties. so the biggest problem you have with symmetric encryption is key exchange. there is this question how you actually securely share a key with somebody else if you think about it, this makes sense. if you can share a key securely you wouldn't need encryption in the first place, right? this led to the development of public key encryption. public key encryption is asymmetric. a one key to encrypt. a different key to descript. we have didn't exchanges of differ

data. we had the creation of the first backed encryption standards to help facilitate this exchange of datathe next change came when we had the rise of personal computers, networks, and the internet. and, the need to securely communicate with of wide -- a wide friday of users. these were often times anonymous parties. the biggest problem that you had with metric encryption was key exchange. how do you securely share the key with someone else? if youkes sense, you co could share a key securely, you would not need encryption in the first place. this led to public key encryption. you have one key to encrypt, and one key to decrypt. after this, the next big .evelopment was cloud computing this was a big change. in the past, all the data was stored locally. it was completely controlled by customers. data ands were sharing storing it in a third party. morecreated inherent abilities. many cloud computing providers have been actively working to address the issue by providing customers with encryption so that they are taking themselves out of the loop. more recently, we have the rise of mobile devic

bet ever unfolds is going to based on how the data involved and what the data tells about the outlook economy. i would just make a couple of simple points. first, i did not say april is off the table. i said i would not be advocating. is a live meeting. i don't know what the committee will decide in a couple of weeks. going to strongly advocate for a move under these circumstances. the calendar, there are enough meetings remaining this year that if the to suggestuggest appropriate policy, to have three moves. i don't know. two moves, three moves, both are possible at this stage. it would depend on how the economy evolves. if we see in the second quarter a strong rebound from what appears to be a weak irst-quarter, then i think for one will say we are back on the track that i anticipated, the first quarter can be to some extent dismissed. >> if not, then what? quickly. >> caution in patients. janet yellen has stated that very clearly, and i line up with her on that kind of way of thinking about it. alix: that was an exclusive interview with dennis lockhart, joining us from chicago. chi

we'll dig spew all the data. betty: we will indeed. meanwhile, the dollar is headed for its lowest close in all of the year, as the prospect for another fed rate hike rose even more slim. how much more could the curps a pull back? mark: with the referendum vote just a few months away, bloomberg television hosted a breakfast debate with some of the most passionate voices on the issue. we'll have all the highlights. betty: 90 minutes into the trading session in the u.s., i want to head back to the markets desk, where julie hyman has the latest, particularly after our discussion with the dallas fed president, who said, you know, not surprisingly, that if the data improves, he'd back a rate hike. julie: sort of echos what we've been hearing, data dependent f. the data does continue to strengthen, a rate hike would occur. generally the markets have not taken that kind of commentary very positively. we are seeing the three major averages go to the lows of the session. we are also seeing a close mirrors of oil prices today. look at the bloombe

that is the data coming out of europe. we will discuss that later, and expectations for a fed hike on the rise. manus: absolutely. that will play into the markets. one of the big corporate stories , let us bring you the breaking news from one of the largest pharmaceutical companies. first-quarter sales coming in from a net sales, at $11.6 billion. that is just ever so slightly below the estimate of $11.8 billion. they delivered a solid first-quarter, novartis telling the loss. they confirmed the 2016 outlook. that is critically important. there are two sides to this business, drugs coming off patent. and one of course is happening which gave ins the latter part of 2015. they say that the growth plan is on track for earnings-per-share. and they maintain the first indication for this year, keeping the 2016 forecast. earnings up $1.17, that be the core operating income of $3.2 billion. anna: that is the early earnings report. let us talk about what is happening in the auto sector. day, shares in mitsubishi motors have not yet

so i went back to look at the data. as of april 1st, almost 30% of our veterans that i represent in the oxnard cbot in ventura county have primary care appointments pending over 30 days. actually, i asked my staff for the data this morning and i think based on the data in that one metric, we are the second highest cbot in the country with dover, tennessee being the highest at 48 days for a pending appointment within 30 days. we had a problem and we've had' problem and i am extraordinarily excited that the va of greater los angeles health care system has finally hired a medical center director who is permanent. but we are working very closely with ann brown. who i believe is doing a very good job and is very aware of what is going on in oxnard. and clearly we have had trouble hiring and keeping teams there within the cbot. i think we have a contracted out facility that plays a role. the choice program is not really working too terribly much. that's not as large an option as we would like it to be. so we know these things

to start the conversation, and this is a start because we have been talking about data and later in the afternoon we will have real data from people who have done voyeur freedom of information requests about black lives matter activist and will reveal their findings to you. now a history lesson that starts with september 11th and our professor will be real life professor zahar as sed who is a professor at texas a&m and teaches in national security and tort. she worked among other places in homeland before becoming a professor. so she has lots to teach us. thank you. [applause] >> thank you. i was an adjunct here before going to texas a and m. great to see you today and i am impressed with the turnout here. i am glad we have advocates keeping us in check. what i want to talk about today, most is law volume so i cannot go into the details, but i want to talk about the way in which the relationship between the war on drugs affected the war on terror and the war on terror is now boom ranging back into what i think is still the war on drugs and drugs inclusively is the war on black and terro

according to the report thshgs data is stored in two databases. did goa identify problems with two separate systems? >> i will ask the head of the health care team to respond. >> yes, sir, we did. as you mentioned there was two cys cyssyste systems where the data is stored and we found problems with reentry of the data but we could not get a reading from all of the issues. >> mr. tillotson, why is dod using two separate systems? >> this is part of the corrective action we have underway. prior to the establishment of the defense health care program and more integration across the department medical practs were run in the military departments. >> it has been more than ten years since goa highlighted the issues with problems of the management of occupational health data. mr. tillotson, why is it taking so long to fix the problems? >> i cannot give you a satisfactory answer but i can say we are working on it. >> we owe our service members, active duty men and women, and our veterans to correct the information accurately and fix these problems. i urge y

deara acts as a data hub for the intake processing and use of data throughout the commission. deara oversight falls into two distinct but related categories. first we were closely with other divisions and offices to design data structuring approaches for disclosures. deara supports the collection, usage by designing taxonomy, validation will come a data quality assessment and data dissemination tools to facilitate high-quality data analysis. second, responsible for the management of many commission databases. we routinely generate summary information and statistics which are provided to commission staff and elsewhere within the commission. we also develop and refine data sets purchased from outside. staff are delivering high-quality data-driven analyses critical to the sec's mission and we look forward to continuing this work in the future. thank you again for inviting us and i'm looking forward to answering your questions. >> thank you, mr. flannery. mr. mckessy, good morning and welcome to the panel. >> good morning chairman gary, ranking member maloney and members of the sub

data. from the, that is data panamanian law firm mossack fonseca. we started investigating and the data grew and grew and we realized it is by far too much for us, and we started to investigate it as a team of two. as we are members of icij, we realized we have to share this with our partners because this is a worldwide story. amy: and talk about what started to be revealed. i mean, 11.5 million documents is astounding. and why this is called -- this week, is called the panama papers. >> this leak is called the panama papers because the documents are from the panamanian law firm mossack fonseca, a law firm that is headquartered in panama but has branches all around the world. they are offering offshore companies to their customers, banks, lawyers, and customers, and what we see now -- i mean, offshore company was, like, a wall. we cannot see inside before. now we have inside through this data. we see which people are the ultimate beneficial owners of offshore companies which people are using to hide crime, using them to obviously evade taxes. amy: l

i mean the data are compelling. the thought that you guys have put into this in the other cities has been detailed and care, and you know we got a good point so let's not water it down so much so it doesn't matter. you know these kinds of injuries change peoples' lives. forget how expensive they are. they really change peoples' lives for the worse so i think we ought to go for it. like we shouldn't be embarrassed about it. >> yeah, i appreciate your comments. i think the only -- the reason we're watering it down because we were trying to find something that would pass-through the legislature, and -- >> i don't have to worry about that sitting up here. >> yeah. >> you continue to do this the next thing they're going to say "well, we don't want electricity in the cameras because then they will work." i just think we're trying to do good things for our city, and we awtd not to let forces talk us from the logic. >> and correct me -- >> [inaudible] (off mic) be more acceptable to some of the delegation and the opposition.

data security is data security regardless of who is harmed in the process. data security is national security at large. so that would be enormously helpful. let me ask you a question,ist probably off topic but i can't help myself. one of the dark sides of encryption is someone comes in and incrypts you stuff you didn't want it incrypted and they won't get it back to you unless you fork over bit coins them in a dark market. what is it the committee needs to understand about that ransom ware concept that's going on currently? >> yes, sir. it's an increasing problem we're seeing and investigating on a regular basis. certainly to exercise hygiene is important. to be able to access the information is important to be able to talk to each other about what solutions might be available to be able to fall back to another type of backup solutions so you aren't beholden to any particular ransom demands. >> that's critically important. i'm a physician by background, some of the ronsoansom ware has occurred in medical facilities. i just cannot imagine going into an icu and

so a little bit around the data that was talked a little bit earlier. the money and the lack of accountability, and then what's happening on the ground, right? so the first one is -- and it was kind of brought up -- is the assumption that the data is neutral, which we know is not the case, right? we know and we have historical studies that have proven over and over again that various communities might predict -- might actually do more crime, yet other communities are policed for that crime, right? and if that's the case and that's the data that's going into these maps and going into the studies, then it's only going to continue to produce inaccurate information that relies on racist human assumptions. so that's number one. the other one is that these -- there's an influx of money. it was discussed earlier on one of the panels, and i can't remember exactly which one, around the stingray one in particular, around the amount of money that's coming in either from the seizure of assets from police departments, but also from the federal government over the las

the guardian began to put the data together. they created a database to document these killings -- the circumstances of them. that reporting along with similar reporting by the washington post prompted the fbi and the justice department to change the way that there -- they are collecting data in this important area. representing the guardian team is john swain. he joined the guardian two years ago. before that, seven years with the daily telegraph. mostly in the u.s. reporting from new york and washington. john? john: i arrived a few days after michael brown's death. i really i wanted -- catherine is in the u.s., she is the editor and chief of the guardian, she was disturbed by the fact there was no records of these deaths. she said if the government is not going to do this, we should. it was a daunting task. i didn't think we could do it. we set off at the start of 2015 recording -- reporting the death. the project became bigger. the problem was wider than no database. claims by detectives that police were racially biased cannot

i think the inflation data will be key. the year over your personal consumption expansion expenses very low. the constraint on wages even though the employment picture has been good for a number of quarters, we have not seen wage appreciation or wage inflation and that's one of the things the fed really wants to see before it can justify normalization. the fed is tightening. it's tightening into a slowdown. globally and perhaps domestically. i am hopeful that your guest is correct that gdp picks up office maker level -- off of this meager level. i don't think the fed will have the all clear from the markets unless the inflation data comes in much better than we have seen over the last couple of quarters. scarlet: that is something we continue to wait for. you set yield will likely come down further. what do you do in the meantime until we get the expected rate increase from the federal reserve? how do you position yourself? >> as i mentioned earlier, it's counterintuitive that the fed moves higher and long rates rally. we h

now, we've talked about the data center, the internet of things, memory and fpgas. those were all great quarters. those were all quarters where they all grew this quarter, quite nicely. iot up 22% year over year, data center up almost 10% year over year, that's a great result. and that's a growth company. so we're going to accelerate in those areas. actually invest more as a part of this. >> brian, jim cramer, i actually hear you on the iot, 22% growth, that's great. but it's only 651 million revenues. i understand completely the acquisition but it's only $359 million in revenues for this quarter. i look at what annex pi did, i look at what ivago did and now broadcom. i know you like the connected core, i know you like internet of things, is it not time to do one more acquisition? you did that deal when your stock was at 34, your stock is now at 31. evago their stock is now up 30 points. a lot of people thought they paid too much, must you make with additional money another acquisition to build up internet of things and build up programmable? >> well, i think on prog

the xetra dax and the cac 40 off by 1.6% to 1.7%. we've been watching data throughout the morning. a lot of data coming out here on the eurozone manufacturing as well. we'll get into that more in just a little bit. when we talk about the data coming out, we're also keeping an eye on the individual stock movers to zurich insurance among them, now slumping to the bottom of the stoxx 600. this comes on the back of reports that it may be in the running to buy mutual business. a report that tata steel could be in talks to buy a stake in its european steel unit. this comes according to a german newspaper which says negotiations are already at an advanced stage. meanwhile, the political blame game is intensifying in the wake of tata's decision to pull out of the u.k. senior officials say britain blocked attempts to defend the eu against cheap imports of chinese steal. well, u.k. prime minister david cameron has now promised to take action in order to save the 15,000 jobs at risk. >> we're going to work very hard with the company to do everything we can, but it is a difficult situation. the

let's talk about the ubiquitous data collection. it's more than surveillance. al years agoen what do we do with the business model? we cure rate your identity. increasingly what you have in the data complex that has been created, so think about this. this is now been totally restructured. continuous interrelationships between the growing number of data companies that have all kind of information about you, they've been able to obliterate between online and off-line data, that's merged they can track a single person regardless of the die vice, they know what you do. they're talking did -- terms they use, identity management, connected recognition, the able to reach you almost 24/7 because, in fact, we do -- and they google's hired anthropoltss, we don't see the distinctions between mobile phone and ourselves. we see the mobile phone as part of ourselves. if you go and -- go to think with google or the research that facebook's done, you'll see studies very in done. they are actively working to use all of this information to influence us in many ways that are invis

data security. a component of that effort has been the push for companies to strengthen data security. one of those ways perhaps could be through encryption, and the ftc will look at a company's security protocols for handling data when it reviews whether or not the company is fulfilling its obligations protecting its customers. so, has the fbi had any discussions with the federal trade commission over whether the back doors or access points might compromise the secured data? >> yes, sir, we have engaged in a number of conversations among the interagency, with other agencies, with industry, with academia. i can get back to you as far as whether we specifically met with the federal trade commission. >> that would be helpful, because again, we are actually trying to work through the concepts of more in the retail space, but of data security. data security is data security, regardless of who is harmed in the process, and data security is national security writ large. so that would be enormously helpful. let me just ask you a question that's probably a little bit off topic, but i can't help

a new company helps us understand the data from those loans. e a roundtable, tell us what this means. and investoru are in the peer-to-peer marketplace that is growing at an unprecedented pace. what you're really want is a view on the risk. there have been a bunch of red flags in the past few months ranging from the specific. it might potentially downgrade a few bonds. there has in a broad risk off environment this year. all of this is piling up in what investors are looking for is a clear view on the risk. what does it take to really invest in this online lending marketplace, what data do i need to be able to do that, while avoiding as much of the risk as i can? that's really where the startups have found their niche. they are saying to investors, if you purchase our software, what we can give you in return is exactly the data that you are looking for. autonomous research predicts $40 billion in this market this year and $60 billion next your. excitement from your investors also. where do you see the role of these tools helping investors unders

the 16,000 level. investors are in a mixed mood this week. economic data from the u.s. and china need to be supportive. the cautious tone set by janet yellen at her speech last week looks to be really overshadows overall global sentiment. that's led to dollar weakness. the nikkei has really suffered on the back of that, especially has investors bet that the federal reserve will be in no hurry to raise rates. they're selling the dollar against a mixed bag. added to the somewhat negative sentiment is another move lower in crude oil prices. you're looking at brent there. it went to the lowest level since early march. many now have doubts whether major oil producers can actually cut their production levels. on a positive note, japan's liquor exports hit an all-time high for 2015. whiskey and sake exports surging in europe and u.s. on pretty strong demand. >> give us an update on how currency shares are trading. they're likely to influence earnings. >> corporate earnings in japan with a strong yen, big issue. 111.14-17. let's not forget, it was at 121 yen lefrl levels at the

look at the latest pmi data. the growth this quarter will come down 2.4% from .6% in the last quarter. to .4% from .6% in the last quarter. it is tricky. vonnie: the british pound declining by 4/10 of a percent. earnings are out. we turned the matt miller. delta coming out a little better than expected. the dollar 30 two versus the dollar 30 which was the expectation. we see delta coming in and line with estimates. a revenue of 9.2 $5 billion, we are looking for 9.2 6 billion. .n the premarket, they are up they are up year to date and up over the last 12 months. looking at my bloomberg terminal, i have a chart showing delta shares in red. it also shows the jet fuel contract in white. of0% incline in the price jet fuel, a huge cost for delta. it helps them do better. that is their biggest cost. delta being a bit on the bottom line. david: there's a lot of breaking news. the bank of england, delta, and we have the bank of america earnings. the early premarket trading is not moving much, maybe a slight uptick. a 13%

i have privacy concerns about the big data collection efforts. the ability to reverse engineer this information. last congress i requested a review of the data collection i the government accountability office. it acknowledged the ongoing collection of 600 million credit cards, 11 million credit reports, 700,000 auto sales, 10.7 million consumers and activers, 29 million mortgages and 5.5 million private student loans. i would like for you to verify that data. i would like to know if the data is accurate or if the numbers are higher or lower. mr. cordray: we were glad to have you commission the gao study. they made recommendations to us. they have indicated that we have successfully implemented the recommendations and they will be moving to close those out. the result has been that it improves the process as an agency. as we have discussed, the last thing i want is for the agency to mishandle data. you have been apprehensive on this issue with legitimate reason run the beginning. we have handled the data responsibly and carefully and to theking, i

the candidates have access to the data. ay are you willing to support the nominee, they say yes we are and they sign a document. my point would be, if a candidate isn't willing to commit to the principle and values of our party, then they ought to just tell us. but if they commit to it they should do it. and these candidates are running to be the nominee of our party. we're not running for their loyalty. they're running for the -- one of them will be chosen by us. and so i can't imagine a candidate for any position anywhere in america running in front of a group and saying, well, we don't know if we want to be part of this group but we want to be the chairman or that group anyway. >> respectfully, i feel like you're missing the point. they're running to win. what trump is saying -- actually to a certain degree cruz and kasich as well as if they don't win, and if the other guy wins, then they may not support the candidate. i mean, the result of that would be that the gop would be split we'd have a harder time winning in novem

guest: the hope is that the data will improve. e labor market is strong and we have seen i is some numbers pick up. the fed certainly wants to change the view that it is not hiking. vonnie: should we be more open-minded about a rate hike in june from the fed? there's a lot of time between now and then, but i think we will start to get indications. if the data response, june is very much in play. francine: even if it is strong enough, what does it tell us brexit? the global economy does weigh on the feds decision-making process. there are wildcards out there and the brexit vote will occur -- i think it occurs right after. oil migrates south, what's the impact on global gdp? depends on what horizon you are looking at. we actually find it is more negative because you have the impact for. and you have the offsetting factors. think about oil and the broader macro context, one thing i have changed my thinking on, i'm beginning to think we have one big endogenous system in the sense that oil determines the currency and currency determines

they're broad categories, and in the into graphics we point out some of the data points that support those and i know that as the health department we're not going to stop working on the communicable diseases and we have robust programs on them at the same time when looking at death data the top killers are all chronic diseases, and so we definitely can look at the process to make sure that it is open to all of the health needs. >> [inaudible] (off mic) report card and in fact in those days determined that certain things would be objectives -- [inaudible] i am just saying -- [inaudible] medical health doesn't show up in the context -- [inaudible] (off mic) community health is very important down here -- [inaudible] so i'm not sure how to capture that. i'm not saying this an inappropriate document for planning but is there some recognition there are other factors that are really important that are also going to be priorities for us? >> right , right. >> [inaudible] even health assessment programs -- [inaudible] >> so this is a city-wide community health assessment, and then it identifi

derek: the markets will in terms of data is improving. e sense of a hard landing has ebbed away.- has when you look at the bank data, the story has created excess debt. if the data starts to deteriorate, then i think it could have a bigger -- we could have a bigger issue on hand. the policy emphasis in check -- policy impetus focuses more on bank debt. francine: how do you resolve this macro if you're an authority you can manage it so it doesn't go -- resolve this? if you are an authority, you can manage it so it doesn't go boom. a large sum of money that is forced on the banks in terms of recapitalization. also dealing with the non-performing loan aspects. we have to see things getting worse before that comes to fruition, but at some point you would imagine a bigger sum of step and more aggressive toward giving with the debt situation would be required. francine: this is one of many conversations will have. we are talking about yen and emerging markets next. --ek halpenny, i give tokyo bank of tokyo pierced stay with the pulse. -- tokyo.

distortions are in terms of the data in february, march time. i think broader, bigger picture is that the china slowdown story is something that will persist. what is important for the broader markets is whether or not there's increased or reduced fears in regard to a hard landing. certainly the policy measures that beijing announced in march focusing more on supportive growth measures, is certainly reassuring over the short term that we're not going to get into a further lurch lower in growth that spreads volatility to the global markets. so going back to the fed, the global situation is also kind of fitting in place with certainly a move in june. >> and what is the bank of japan to do in this environment? in some ways, if the fed stays dovish, as many expect, it's not doing the bank of japan any favors here. we continue to hear boj poli policymakers saying, look, we'll do whatever it takes to support the yen, to keep it lower against the dollar. however, what can they do? >> well, i think first of all, i wouldn't say a shift from the fed is com