the top. that's where we use google data. i think, again issue mentioned this before, the other thing we're using google data is tracking changing minds in real-time, and in general elections most people make up their mind other few months before at the election, very few people change, but in fact, in primaries people are much more likely to change their minds at the final second, and that's where google trend data is specifically useful. the other thing i'll add there are lot of race wes don't haven't polling data for. we're talking presidential elections and how many polls a day, 15,000? it's ridiculous. a poll that could saying anything you want. one ha mcmullen winning or gary johnson, that might have just been people who were high at the time. but many few are polls for lower down races, for house, for senate primaries, and we might get a very good idea -- i've not seen any large-scale studies on this but i'm very interested to see, as more and more people turn to the internet, whether or not these google trends can be a

the google data suggested otherwise. that goes back again so i think the question of where americans being asked about wikileaks and their polling? perhaps not as much as you might have thought.and also, one of the things i think survey data sometimes is more difficult to get out is why are people voting the way that they are? survey data pulls a very very good at predicting who's going to win and who will lose. regardless of perhaps what some people might argue.but they are not as good at is assigning reasons for why it is occurring. people often give weird answers. oh i was thinking that the entire time! i was certain. all that had no effect! oh blah, blah, blah. so if something did or didn't change was in direct contradiction of the reasons they gave. and again, i think this goes back to the question that both of you were sort of tangling with. i think is necessary that people are lying, is that people honestly don't know what it is that kind of pulls them in one direction or another. part was finally this one thing th

the second part of this is security of the data. ake sure that you're actually building the algorithms with security, the data sets with security, so somebody can't just break in? that has to no longer be an elective of outside. it has to be part of the core training. once you have this component of that training, i think we're going to have a new set of people who have the vocabulary to talk about it. but that doesn't take into account the speed at which data is happening and taking place today. so what do we do there? number one, transparency. president obama signed an executive order that says by default all data the federal government, the us federal government, publishes must be open and machine readable, and what that allows people to do is be able to access the data, compare it, use it, and innovate with it. and that is the problem. how do we strike that balance? we need to know that an ai system is not biased, it's learned from a data set that is representative of all of us and its decisions are fair, but we also don't want t

. >> next, conversation on the role of big data and technology in the workplace. from washington journal this is 20 minutes. >> welcome back. this week spotlight on magazine chelsea barabas is here to talk about her magazine appearing article appearing about the workers and technology changing. thanks for being with us. >> hi, glad to be here. >> when people think of technology transfer me the workplace they often think of automation but you write this big data which is guiding powershift to critics point out. >> sure, as you mentioned, a lot of the conversation around artificial intelligence and its impact on the workforce has really been around at the rolein it will play in automating all kinds of jobs in the workforce. a much less kind of talked about aspect of this is the thinking about the role that artificial intelligence plays will play in decisions about opportunities that are available to you in the workforce. so, a lot of my research has looked at the growing amount of data being used during hiring and recruitment for jobs, as well as evaluating people's

and without looking at the data, no one officially noticed this. in terms of the title ii regulation, there's a similar argument that it was justified on the grounds of last mile monopoly power. this is justified despite the fact that the title ii regulations were imposed on both fixed and mobile broadband. it was justified despite the fact that cc own data showed that as 2014, 97% of the census blocks had two or more broadband providers providing a minimum of ten m megabits per second downld speed and one megabit upload speed. as larry levine was saying, once we have enough competition, the issues or the conservative net neutrality can disappear. which might also suggested that they were not there to begin with. i also want to focus on blocked prioritization within the title ii regulation, which i think is the most harmful of those other than the general content, conduct standard. this rule was imposed despite the fact that content service providers might be creating congestion. this rule was imposed despite the fact content service providers might

data dependency. there are some really good reasons for that. they cite the inflation data being temporary. at may eventually be an error, but right now, it is not clear that it is at all. this makes a lot of sense and it's important to the market that it is still data dependent, but this fed has moved on to forecast a dependency. >> i think broadly they are data dependent. to week. the data dependency has to be over what the cycle of operating. data dependency has to reflect where we are in terms of market conditions. i think they are data dependent. i would argue that the two years prior, much less data dependent when they had a window to go. johnathan: talk about what you and the team at blackrock is doing. what is the world that you see? >> a couple of things are happening. there is always this misconception that we have to be at 2%. the fed mandate is not to percent for stability. -- not to percent, but the fed mandate is price stability. if you look at what is amazon -- if you look at this inflation report, there are some pretty extraordinary things happening with inflation around serv

there was one panel where we got some noise in the data. the republicans are not affected by democrats and democrats not affected by republicans and that is because they don't like each other on that panel. >> the fact they hired a food tester. >> your point is a different point which is the senatorial courtesy could be a biological moderator. there is some data that supports what you say. in a period of senatorial courtesy at one point i compile data on this where you didn't find any logical differences so start between democratic and republican appointees. that has to do either with the fact of senatorial courtesy or the fact that the issues were not flooding people as much as they were now. >> you had the phenomenon in the civil rights revolution period where the strongest federal district and circuit judges where republicans appointed by president eisenhower. >> you are asking about a moderator of ideological division. the answer could be yes. it could heightens that. that would be independent of the social media question, are we observi

need to do based on the incoming data. will decide they want to do with respect to an interest rate increase and how much on the balance sheet. it gets into the weeds but i have confidence. tom: we don't the weeds on wednesday fed day. when i look at wage growth, the i get is froml our viewers and listeners who think we are nuts about how low inflation is. this is wage growth minus service sector inflation. from 2007,n radio, we don't really have a positive looking at service sector inflation. do we have a wage growth? so many in america disagree with gurus like you. >> wage growth has been much slower than many people understandably would like to see it. there are a number of reasons for that. have a reason is you tight labor market so it's a bit of a conundrum. is thatfactor productivity, labor productivity has been quite weak over the last several years. clearly, that is a factor in determining the wage rate. you labor markets, i expect would agree that as tight as they are, i would certainly expect to see some accelera

we will show you what the data says. s is "bloomberg businessweek." ♪ oliver: welcome to "bloomberg businessweek." i'm oliver renick. carol: i'm carol massar. you can find us online at bloomberg.com. in the technology section, tesla's new giga factory is having a profound impact on its hometown. oliver: that is reno, nevada. >> reno, nevada is in the middle of a huge boom as it's been building up a lot of new workforce type of projects since the downturn. reno was a huge foreclosure hugeal, it was unemployment, almost 14% unemployment at the bottom of the market and they started recruiting all of these various new job providers, high-tech manufacturing and the biggest one is tesla, which opened the giga factory to build batteries for the electric cars and the other power sources systems that they have. all of a sudden in downtown reno, a place that was pretty strung out, it was kind of fading, the poor man's vegas, now you have poor over coffee shops and little food halls with different vendors, i have delicious bourbon c

without looking at the data, nobody has noticed this. of the title ii regulation, there is a similar argument that it was justified on the grounds of monopoly power. it is justified despite the fact that the title ii regulations were imposed on mobile and broadband. ftc'sied despite that the data shows as of 2014, 90 7% of law had two or more broadband providers providing a minimum of 10 megabits per second download speed and one megabit per second upload speed. and as was said, once we have enough competition and the concerns related to that and shoddy disappear, which might have suggested they were not there to begin with. i also want to focus on block prioritization within the title ii regulations, which i think is the most harmful of those, other than general content standards. imposed despite the fact that content service providers might be creating congestion. it was imposed this the fact that content providers might prefer or find a profitable to pay for prioritization. there is content delivery networks in existence that are hired

the data will be more powerful. n the face of different data will be seen as a policy mistake. us fromn wraith joining cbs. if you are bloomberg customer, you can watch the show using tv . you also get access to all the functionality and the charts we are using. there is the gmm option on the screen. you can i.b. the team directly as well. that uses the functionality. we will never put your name out there. we just kind of take your comments on board, unless you want us to. this is in confidence. just between us. matt? matt: we just got your charts. up next, how boeing beat airbus in paris for the first time in five years. we will ask guy if that is really the right way to put it. this is bloomberg. ♪ >> i think it could get too much very soon, because if you calculate where it could be based on the current market, it could be up to 40% of the index. when you have that kind of waiting on the index, it is really a bit too much because you are ignoring so many other countries. matt: that was mark mobius, giving his

you can't hide from the data. ne of the things our system does is send you a report that shows the ranking of your managers by engagement levels of teams and management scores. when the data is staring at you in the face, you know where you've got issues and what to do about them. >> now i'm wondering for the managers will be using a system to complain about the system. do people want to be ranked like this? >> i wouldn't say necessarily ranks your managers, what it does is gives each of your managers feedback. and so one of the things it does is for each manager she or he will see you know what are the two or three things i should be focussed on now for my -- >> there is a danger of wagging the dog. right, i mean, this is not a democracy in the company. i mean, steve jobs probably never sent out, you know, surveys about how am i doing? you know, he lead from the top. right. there is that danger, you know, if you're spending more time paying attention to what your employees want it's what your customers want. >> ye

data. julia: you think they are hiding some of the phase three data? are in the biotech industry, you have to be a pretty bullish person, and if we think that insiders are seeing that the data is not as great as they wanted to be, the whole -- the phase three trials are hoped to show the drug is efficacious. our view is what has been publicly released shows the drug is not efficacious. if management is looking at the data the same way and questioning the efficacy, i could see them wanting, hoping that phase two and phase three do the trick. phase three is not extended until the second half of 2018, 20 18, 2019. this could be on the market for until we see with that result is and whether your view is prudent to your. -- print here -- prudent here. skeptical that the company is going to be able to get the drug approved and on the market in the u.s. prior to completion of phase three. the only way that would happen , withbe with phase two be -- and there is no hard it for when faced three concludes. if the drug is going to be on the market in 2019, you hav

jonathan: they say they will be driven by the data, but we are still trying to figure out what the data and what the reaction is. mike buchanan, something that has come up on the program before, and i will bring it up again, we have a 10-year right now just at 2.1%. you get to the end of 2018 and either someone is wrong or you end up with a flat yield curve. where do you stand on that debate right now? mike: it is interesting. i think you do have a big disconnect right now between what the fed is implying through the dots versus what is implied in the market. and you know, the question is, who is ultimately going to be right? our view is that the market is probably more right here. over time, you will see the fed dots come down. they are going to imply certainly less tightening than they are implying right now. that is where we are going. we do think the economy has some real challenges in front of it, and we think the data will validate that as we move forward. jonathan: is it a case of the market being right or the fed being right or one being wrong? or actually maybe this is just whe

it is the reason why even in the big data world we still do that. you have all of those they moved to different waters. is this something bigger. it is the context in addition to the code. it is a human perspective. that is a sort of reality behind those buzzwords. with the machine learning and so those are some of the examples last quick question. it's interesting you mention that. that's where i got my start. the one wargame i missed because i was already at another one. was infamous millennial challenge. they have a marine general they have a scenario in the persian gulf and they were the commander of the red team. they were going against the various routines that were commanded. they have their own staff. what if we did these certain operations what would the enemy do. the big data scenario is there. they crash the force ten times out of ten. when i get a whole bunch of those in swarm this battle group sitting in the persian gulf. they are not thinking the entire fleet. and the only reason we know about is because the u.s. navy said we can't have

the market is still data dependent, but the fed has moved to forecast dependency. nathan: one minute your data dependent and now you're not. pablo: broadly they are data dependent, but that is not week to week. data dependency has to be over what is the cycle we are operating. data dependency also has to reflect where we are in terms of market conditions, financial conditions. i think they are data dependent. i would argue the two years prior they were much less data dependent. i think they are being very sensitive to where we are. jonathan: tell me about where you are in the tina blackrock is relative to what is the price in the market. pablo: a couple of things are happening. i feel like there's this great misconception. 2%.ave to be at their mandate is not 2%, it is price stability. technology is pressing down. talking about m&a today in terms of what amazon did, taking some of the inefficiencies out of the system, dynamics happening today when you think about this inflation report, places like we show here, extraordinary things happening with services. the infla

>> the amount of data in the world is absolutely exploding. has been a pretty well-documented trend of how much data has been created in the past few years, but it will be dwarfed about the data created in the next two years. -- few years. as the data gets created, many organizations faced being drowned in it. if you can't see what's important in the data, you can't act on what is important. many other organizations are finding ways to capitalize and create new business models using the data. at the heart of it, we are trying to help organizations around the world see and understand data, and ultimately make better decisions and get to market faster using data. caroline: the way in which you charge for this visualization well.youchanging as have got to a subscription model. how has that been adopted by customers? >> it has gone incredibly well and proceeded more quickly than i might have imagined when we embarked on it. really, at the beginning of this year, we started talking privately to many customers about pivoting from a one-time perpetual

lapse was found and access was shut off the bench contained one point one terabytes of data that information on one hundred ninety eight million u.s. citizens which is roughly sixty one percent of the country's population and it included home addresses birth dates phone numbers political preferences and even voter opinions on major issues like gun control or abortion the leak came from this company deep root analytics which was among the several digital analytics companies hired by the g.o.p. during the election season it prides itself on its website for being the most experienced group of targeted in republican politics offering media analytics services to corporations lobbying groups and g.o.p. political campaigns while the deep root analytics come from the ownership over the league data the info in it came from a number of other companies hired by the r n c the ever present g.o.p. contract of the data trust the koch brothers americans for prosperity the cantor group and american crossroads the super pac founded by the former white house strategist karl rove it's still not

that wraps up the data in the united states. -- the initial jobless claims showing some tightness. where is wage growth? that is the unanswered question. let's get you an update on headlines outside the business world. there is emma chandra. emma: special counsel robert mueller's investigation has taken a new turn. according to people familiar with the data, he appears to be looking at whether president trump tried to obstruct justice. he will interview top u.s. intelligence officials. the issue, whether the president asked them to get the fbi to back off the investigation of michael flynn. the president tweeted this morning, "you are witnessing the single greatest witchhunt in u.s. history." inumbersome and remains critical condition after yesterday's shooting. president trump visited steve scalise in hospital last night. attacker was a 66-year-old man from illinois who had posted anti-republican messages on social media. in the u.k., it is believed that theresa may and northern ireland's democratic eunice party are close to a

, the slowest growth in wage data in two years, yields falling across germany, spain, and italy. this is bloomberg. ♪ vonnie: paul ryan house speaker due to speak on the shooting at the congressional baseball practice. the house majority whip was injured and is undergoing surgery thanks to that injury. four others injured and taken to area hospitals. the president due to speak at 11:30 eastern. now, james is said to be a suspect or we will bring you more details as they come in. we continue to monitor a developing story. the fed of course widely expected to raise its benchmark interest rate a little later. the boe a bit uncertain in the wake of the surprising outcome of the u.k. election last week. more, before you came on, i want to quickly bring up this chart, the economic surprise index. is 67 -- -67. does the retail sales and inflation change the narrative of today's fed meeting. >> even if it remains unchanged, yellen likely to turn a little thought -- a little more cautious. argue the slowing of the inflation is only a transitory and development and it is

the data was presented yesterday. t much move in the share price. >>> teva stock has dropped sharply because of delays in acquisitions >>> western digital reportedly considering raising its offer for toshiba's chip unit to more than $18 billion. western digital's ceo told toshiba's president the company plans to join a consortium that includes kkr and a development bank of japan to compete with a rival off >>> amazon started hiring people to sell cars online in europe. a german straytrade magazine sah company will run the business out of luxembourg. >>> and shares of diebold could rise 25% to 40% over the next two years. the atmmaker should be able to raise margins and earnings thanks to cost synergies and the merger last year. >>> prime minister theresa may faces a showdown today as her political future hangs in the balance. all the fallout from that extraordinary vote last week and much more coming up on "worldwide exchange. these days families want to be connected 24/7. that's why at comcast, we're always working to

we have to be cognizant of the new data. looking at world interest rate probability to see what expectations are being priced in for september change, september rate hike, and what is notable is the blue line shows how ability of no hike has jumped up to 80%, 80.3%. and the other hike has come down. 16%. it cuts has been slow, 0.6%. tom: we will go to the press conference in one minute. the former president of minneapolis fed, this man of maybehe bank, and you, this chart summarizes. if this is the new dots , and the yellow is lower, maybe it is the market catching up , below 3%, they .on't get up to 3% it is like 2019 but not really there. fedr. kaplan of the dallas really emphasized to me each of those dots is discreet. they are not a committee. these are each discrete opinions , and they are very opinionated. there is a reset here into this press conference. scarlet: everything needs to be looked at with the idea we had data, inflation -- janet yellen has approached the lectern. we would like to thank our guests. let's

what are the implications for data policy? est: there are numerous ways the supreme court could address this issue, and the hope of civil liberties group is perhaps the third tourney -- third-party doctrine will be narrowed or perhaps not used anymore. and so that would give people more protection of their privacy, of their information when it is turned over to third parties. right now, as i said, there is a -- of fishing expectations expeditions going on by police as data is collected. if the supreme court puts more limits on the third-party doctrine, then people can expect more privacy. they will not have to be as concerned when they turn over information to the companies that connect us and bring us all these great internet services. host: should our viewers be concerned and doing something different with their phones for fear that this information may be more easily obtained? guest: most people do not have any urgent need to be concerned about this. i think it is more of a long-term pernicious threat to privacy. time will t

they tried to visualize and departed with 1400 cities to take the data they are, the raw data and then build a platform that rather than using wordpress or something else, they tried to build the infrastructure in the pipes of the people that understand the problems, understand the data, they can basically part of with open gov and get the dashboard and the display of the data to didn't provide the transparency to that junior cop. i don't know if that's an answer to question but but i think tha great example that somebody who really was passionate about transparency and about this problem was able, that became the comparative advantage of creating this company that is raised tens of millions of dollars and employs hundreds of people and now as 1400 cities with better transparency than they've ever had before, because it's not in boxes of excel printouts. it's in dashboards like google analytics we can click on graphs and see where, in real time, your city is functioning and where it can improve. >> i think you see why this book was a finalist for the prize. >> also voted one of the fin

the data does not bear that out. school choice programs are often described as something that will increase segregation. it is counter intuitive to find out that it decreases segregation. i think the main reason is because in the public system, students are assigned what schools they are going to go to taste on where they live and american neighborhoods are residentially very segregated. that is a combination of ethnic discrimination in the housing market, and people self selecting who want to live near other people who are like them or look like them, and there is actually feedback that those feed off of each other. one time, my wife and i moved into a new city and we caught the realtor filtering the housing results. boy, was he terrified when he realized he was caught. i don't think his motivation was discrimination. i do think, however, he was motivated to make the quickest sale he can, and he wants to show us as few houses as we are not going to be interested in as possible. we were frustrated we couldn't find the

i think they are data dependent. i would argue thewo years prior they were much less data dependent. i think they are being vy sensite to where we are. jonathan: tell me about where you and the team of a blackrock is doing relative to what is the price in the market. pablo: a couple of things are happening. i feel like there's this great misconception. i don't know if you have these charts. we have to be at 2%. their mandate is not 2%, it is price stability. there are things weighing on inflation today. technology is pressing down. talking about m&a today in terms of what amazon did, taking some of the inefficiencies out of the system, there are dynamics happening today when you think about this inflation report, places like we show here, there are extraordinary things happening with services. the inflation around services has been stable. by the way, the only reason we are trending down a bit is wireless because of cuts. inflation pressing down on inflation. if you look at goods inflation, technology is pressing down. the central ban

we don't often get to do that, we just don't have the data. so one study like that in milwaukee and one in louisiana. the study? milwaukee found no visible difference. the study didn't get going until 15 years after the program started. so possible the program had some effect and then reached an equilibrium. another explanation is that milwaukee is just a really segregated city. and the students may be moving from overwhelming black public schools to overwhelming black private schools. the transfers of students are not increasing segregation. the two studies in louisiana have found that the program improves ethnic integration. one of the studies found that there is a small -- larger decrease in segregation in the public schools that the students are transferring out of. so on net, it was a fairly dramatic reduction of segregation as a result of the program. the other study found no change. and large positive effect in public schools. now these results are counter intuitive to many people. our culture has conditioned us to think that private sch

on the down side, it's only as good as the data it's managed to crowd—source, so it isn't necessarilyork with mobile facebook, but the results are interesting. so we're seeing a mixture of two things. we're seeing, firstly, a/b testing, which is where i try out two different messages with the same group. i see which one gets the best reaction and then i pursue that message. we're also seeing targeting, which is where i pick a particular demographic of people, and then i send a message that's tailored to them. so, for example, it might be young people targeted with register to vote. the data from who targets me is also being poured over by analysts at the london school of economics. one aspect of their research is collecting dark posts, ads which are here one day and gone the next. it gives us the ability to create a respository of those dark posts. so if promises are being made on facebook, in ads which will disappear the day after you use them, we should be able to go back to those after the election, look at them, evaluate them and maybe discuss them in the cold light of day. and th

we can talk about that but -- i think that the committee has been too hawkish for the data during the last 90 days or so now whether that is suggesting now, i don't know, but that's something we could talk about further. >> so, you are not a voting member this year >> i'm not >> you were in 2016. >> yeah. if you were a voting member you would be voting not for at hike this year until we see something inflationary in the data. >> the last four reports have been weak in the u.s the narrative of the committee has been inflation is creeping back to 2%, you can see that in the data, but just this spring that's not been the case it's gone the other direction. hard to tell if that's noise or part of a broader trend. >> i think some confusion around your comments have come from the fact that you were one of the more vocal proponents for an early rate hike. when you were calling for that to happen, most pegged you as a hawk at the fed. your comments have become more dovish in their tilt >> right now on rates i'm the most dovish member of the committee. starting last year, a speech here in lond

without looking at the data, no one's really noticed this. in terms of the title 2 regulation, there's a similar argument here. that it was justified open the grounds of monopoly power. this was justified, despite the fact the title 2 regulations were imposed on both fixed and mobile. it was justified despite the fact the ftc's own data showed that as of 2014, 978% had provided a minimum of 10 m megabytes. once we have enough competition, then the issues with the concerns related to net neutrality disappear, which might have also suggested they weren't there to begin with. i also have to focus on block prioritization. which i think is the most harmful of those other than the general content, conduct standard. this rule was imposed despite the fact content service providers might be creating congestion. this rule was imposed despite the fact that content providers might prefer, might find is profitable to pay for paid prioritization. there are content delivery net works in existence hired by content service providers in order to speed up the ra

the result, pivigo, a firm that acts as a kind of storefront for data scientists. —founder and chief executive of pivigo. thank you forjoining us. how did you swap stargazing for number crunching7 you swap stargazing for number crunching? they are very much connected to each other, of course. i started out with a dream to become an astronomer since i was 13 years old and it was a straight pass from third to my ph.d. before i finally accepted i wasn't enjoying my work that much, i wanted to get out and meet with people and organised things and plan things. it must have been very difficult. it was very difficult to accept that a dream i had for so long was not quite right for me. but it was the best decision i ever made to transition. how did you do that? i ended up coming to the uk to learn about business, the uk has the best business schools in europe and i wanted to figure out what this thing cold business was and what my place in that could be. when did you realise there was this niche in the market for a kind of gig economy for data scientists7m has been somethin

and we will get the gdp data. ll bring you an exclusive with australia's prime minister at 10:30 a.m. u.k. time. coming up on the show, the pound fluctuates and the polls pain a mixed nature of the next election in the u.k. could theresa may's decision to skip a televised debate rebound on her? this is bloomberg. ♪ manus: 6:19 a.m. in london. 1:19 in the afternoon in hong kong. .3%,ang seng index of rising this week. i will give you the exact amount. the hang seng up 1.3% on the week. it has been rising for 17 days. sophie is standing by. >> america's two biggest banks have said second-quarter trading revenue is on pace to drop at least 10%. jpmorgan cfo told an investor conference that market revenue is down about 15% in april and may from a year earlier, driven by a slump in fixed income. bank of america ceo morning and said revenue for the business will be 10%-12% lower but first half results should be stronger. and selling nonperforming loans with the value of 2 billion , according to two people with knowledge

to the data portion of it, you know, the navy needs to own the data so that we can make some integrated decisions about what we are going to do. >> ok. right up front. we will get you a mic. >> thank you. john harper with national defense magazine. as you grow the size of the ,leet and extend service lives how much do you anticipate that o&m cost will be into new builds? >> clearly, like a car, with ours. in enterprise, clearly, like a car, and with our experience, they do take more maintenance towards the end of their life. but if you are going to get to 355 ships, you have to recognize upfront that you are have a o&m costs.and a if you are going to go into this thinking you can grow the size of the fleet by 80 ships, you have a problem. we recognize the costs will go up. they are higher towards the last, the letter part of the life of the ship, but not passionately higher. part of the way that you can keep those costs under control is to make it consistent investment through maintenance to the life of the ship. what we have found on the nimitz class is that when you do the maintenance

he made the point gathering or replicating the data these large corporations have is very expensive, if they can even do it qukly enough. so they pay the ransom. good idea or not? >> well, a company has to make that decision based on the best interests of operations. the general advice from the fbi and other law enforcement agencies is not to pay ransom because it funds further activity and research and development. it allows these criminals to perfect the tools they deploy against us u, so the general advice is not to pay, but each business has to face that decision on its own. certainly if it's a decision between rating and nothing, the business will make the practical choice to pay the ransom. >> thank you so much. >>> darden restaurants hikes dividend and that's where we begin tonight's market focus. the parent of olive garden said it would r divide 12.5% to 63 cents a share. this follows the company reporting better than expected revenue held by same store sales. profit also stopped expectations an shares row rosed to 92.69. >>> sprint is reportedly in talks with cable providers

we do not think the trial data shows that it is efficacious. e think it shows results that are consistent with prior treatments of mostly chemotherapy that the trial patients underwent. .ulia: you refute this a face three trial -- a phase three trial is going on. tell me why you believe that is wrong. >> in terms of the benefit we are seeing, the benefits actually double what you would expect out of current chemotherapy. secondarily, the company is testing the benefit in two ongoing trials. one would indicate cardiac benefit in the patient, and the second is based on mortality as well as hospitalization, and that is the thing that is really key to the fda. at some of the patients that get diagnosed, about 1/3 of them cannot even tolerate the chemotherapy, so this would be a great opportunity for those patients to be treated. furthermore, i could -- i should highlight that the phase three trial includes an additional drug they expect to work well together. julia: is the company being cagey about the results of its phase three trial? if it were, t

in my world is on the maintenance site. how do you use data to make better decisions about when you do maintenance and what type of maintenance you do. the commercial industry is light-years ahead of us in that particular area, and we've got to get better at it. but to the data portion of it, we need to get the navy to own the data so that we can make some integrated decisions about what we're going to do. >> right up front. we will get you a mic. >> thank you. john hubble with national defense magazine. as you go the size of the fleet and extend service lives, how much do anticipate that o&m cost will increase as you get towards that 355 ship never? are you concerned those additional cost will eat into the amount of money available for procurement and new builds? >> clearly like a car, in our experience with enterprise or nimitz now, 42 years old, they do take a little bit more maintenance towards the end of their life. but if you're going to get the 355 chips you will have, yet to recognize upfront you have a higher o&m cost. if you're going

talk about cyber, but who owns the data. who protects it? and who is able to interpret it in a way that enables you to gain efficiencies? i am a bigoore: believer that the navy should on the data going forward. and you are right. we have a lot of data come off our ships today. we don't make great use of it. we talked about rolls-royce engines. the navy leadership has been up to general electric to see what they call digital twins and making decisions. that is a direction we actually need to head in. i have a system called integrated assessment system. you have the ability to collect data for years, but we don't do enough with the data to make decisions. but with the systems we have today, we have the ability to collect vibration data and temperature stuff. we absolutely have to take a step forward and become more mature and the use of that data. it is driving us to go figure out, how do you make use of the big data to make better decisions going forward? it is across a whole host of different applications. in my world, it is on the maintenanc

the data is starting to get better, but it is time to end this. have some sympathy for that view? are we -- as we should be at this point -- starting to think about the upside? >> it is fair to say that the data has been good for a while and going over the last 12 months, there has been activity surprise. you could say that if the ecb had wanted to start this leveraging or rhetoric that supported an exit, they could have done so already. the problem, as you know is inflation has never been there and at the last press conference, mr. draghi had to defend the ecb's decision. they reduced their inflation forecast from 1.6% to 1.3. all the signs are that we have a bit of a global disinflation trend at the moment. it is mainly coming through commodities, actually. it is what it is and he said nominal wages are also not rising. so it is quite clear to me that the market has got itself in a bit of a tizzy over this. there seems to be a consensus over so-called tapering at some point. i'm not sure where that is coming from. the market seems to have decide

you see the data coming out of hhs and the studies. they're far more realistic than cbos and the insurance number, and so i -- i'm hopeful. i think they'll get something back to us, and then we'll have to evaluate it in the context of the votes we have. and with the support of the president. >> is this a bill that you see headed to a conference committee where you're going to hash it out, or do you think if it passes the senate, that's what you have to work with and you'll have to accept it? >> i'm not going to preclude any potential future to continue to improve the legislation. we have to see what they pass. and when they pass it. the key for me is can we get a good package together that works for americans that deals with our budgetary problems, that fixes the individual insurance market that it's inarguable that it is collapsing around us. we can argue over the support mechanisms that are there, but in the long run, this individual insurance market is becoming terribly expensive, and you're seeing fewer and fewer choices for people

now you have the labor market data disappointing little bit. is not surprising that folks are starting to question whether the fed will go twice this year and three times next year. >> the chair believes in job growth more than anything else. it is lower than the market expected perhaps, but she is going in june. >> june is on the table, 60% to 70%. september, probably off the table at this stage. jonathan: let's bring in our guests around the table. what a lineup we have for you. bob michael with jpmorgan. kathleen gafney at eaton vance. and mike collins, senior investment officer at pgim. the message in treasuries, i want to start there. it is yields and spreads and a curve that is flat, flat, flat. whatever you look at, one day it is something, the other is 50. that is the -- just as flat. it says i don't buy the reflation story anymore. what is it saying to you? michael: markets are coming around to the view we have had. the fed is going to keep pushing the front end up, and the long end is pricing in the slower growth. i think that is comi

i would like to change to it being the data administration. if we unlock that we can improve service for citizens, lower the cost for government. if you set the data free, the entrepreneurs will do the rest. i'm impressed by the medicare and medicaid teams and look forward to work with you. >> i'm nuke drake president of ohio state university. i'm glad to be here today and happy to participate in this conversation. we try to empower and inspire young people to make a difference. and being able to work with government and those around the table to do that. >> thank you for having us. i think in addition to what technology and the internet will do for all of us. it comes with tremendous responsibility of cyber-security. working with the weakest link which is small merchants and the individual consumer. get right level of safety they demands from us is important. level of engagement and level of dialogue was very, very interesting. >> from ibm. i have been in a number of these sessions and it's noting the efforts around workforce development, arou

so right there they can keep the u.s. data for five years. they can also seek extensions at that time from a high level official and the limit doesn't apply if the communications are encrypted which is increasingly the case for people who muse mobile devices. if they con information with no evidence of a crime, the agency is supposed to purge the data but the oversight bound found it essentially doesn't because it can almost always pos sit a reason why some day it might be relevant. the fbi and cia don't even have that requirement. they just rely on the five-year. moreover, if the fbi reviews information concerning u.s. persons and comes to no conclusion whether or not it's foreign intelligence, literally no conclusion, they look at it, don't know, the five-year limitation at that point evaporates and replaced with some longer period of time that is still classified. so i'll just -- that's enough of that because that's already the weedy stuff. but it goes to show that the words we talk about, targeting minimization, incidental, they don't mean