reefs down all morning a 65 point loss, on the dow futures tame inflation would certainly reiterate the kind of easing of worries about the federal reserve, in europe we have losses across the board. as well. in england france germany different story in asia overnight gains across the board there. top story, the federal reserve in focus, fed chief jay powell speaking in washington yesterday easing concerns over future interest rate hikes. we have -- let's look at what the consumer price index is doing right now, can we put the numbers on the board for cpi month over men and women does anybody want to tell me what it this is my ear since we don't have it on the banner yet? so -- down .1%, month over month, and then -- 1.9% gain year-over-year very tame inflation jon hilsenrath, he joins us now "the wall street journal" global economics editor gives federal reserve kind of explains somewhat the reasons for the -- pause if you will, saw we are going to as you said last friday mr. hillsborough, we are going to -- don't worry about the jobs' report last week the fed is going to be lookin

around the country and this is a fantastic opportunity for people. we structured it as a reefs we buy all areas of his own and take the reef public and provide liquidity for investments. dagen: what investments will you make and this is open to what would be accredited investors right? >> $2 million net worth or $200,000 in annual salary in our investment size or minimum is $100,000. we are using our retail platform redistribution that forms just as we do a series g first garbage to go to the mass affluence and say here's an opportunity for you over the next ten years money you want to lock up you can chip it off something you bought 15 years ago that has a high value but now want diversity and we can give you this product where you get annual income in a real estate investment trust and get large tax deferral for your family and a stepup in basis. dagen: give me an example or some type of the investments you will make. >> couple things. we look at a port in south carolina, in your neck of the words where we renovate the fo fort. dagen: the south is one big state. [laughter] >> i'm a

it as a reefs we buy all areas of his own and take the reef public and provide liquidity for investments. dagen: what investments will you make and this is open to what would be accredited investors right? >> $2 million net worth or $200,000 in annual salary in our investment size or minimum is $100,000. we are using our retail platform redistribution that forms just as we do a series g first garbage to go to the mass affluence and say here's an opportunity for you over the next ten years money you want to lock up you can chip it off something you bought 15 years ago that has a high value but now want diversity and we can give you this product where you get annual income in a real estate investment trust and get large tax deferral for your family and a stepup in basis. dagen: give me an example or some type of the investments you will make. >> couple things. we look at a port in south carolina, in your neck of the words where we renovate the fo fort. dagen: the south is one big state. [laughter] >> i'm a northerner so anything north of the mason-dixon line makes me a yankee.

: researchers in australia have developed an underwater robot that could help save at-risk reefs. it's designed to move along damaged sections of reefs and provide microscopic basebae iic. it was recently tested at a part of the great barrier reef and dispersed 100,000 baby specimens. you get it all on "varney & company." there you go. >>> now to this. two major cyberattacks of late, one involving marriott which china was said to be behind, and the other involving tribune newspapers carried out by an unnamed foreign entity. our next guest says cyberattack are the biggest threat to u.s. national security. come on in. oz sultan. thanks for being here. make your case. >> think about it this way. we have the marriott hack, that went on for a couple of years, right, so 500 million people exposed inside of that. the problem with that is passport information, photographic information, everything you would need to clone someone's identity. then secondarily, we have this tribune breach. the tribune breach is a bigger issue. about two weeks ago, there was a breach of a power system that re