Finally, we want to welcome our last speaker Richard, who actually introduced Elise Ann for the purposes of this. Richard was recommended by a previous speaker. So if a speaker recommends someone else, they have to be someone who is courageous and candid and willing to speak really openly and taking a lot of risks in their life. So I look forward to hearing more about that. Please welcome Richard or Rich. Thank you Angela, thank you for that.  I'm sorry guys.  Yeah? Would you agree? Not easy.  But the truth is, before that I want to do a bit of an introduction of who I am because I'm sure, you know, if you guys didn't check out who Elise Ann is, I'm sure you didn't check me out because I'm not the hottest thing on that page. So who am I? I'm just a guy called Richard Fu from Australia, Sydney, look Singaporean, speak really funny. I'm an international bestselling author. I've had my own podcast show where we've had some amazing people like the guy who wrote Men are from Mars, Women from Venus. Dr. John Gray, we've had John DeMartini from The Secret on there for the Australians in the Room. If you know the biggest loser, we've had Commando Steve on the show and a bunch more others. And, you know, I've been featured in a few magazines, blogs, online things. But I want to talk about how I actually got here at first because it wasn't always like this. My life wasn't always made perfect in this way.  And sorry if you're in a corporate job and you love it, that's cool. But if I told you for eight years, actually before that, you guys all have passwords. Yeah, you all use passwords? Yeah? My job in my corporate job was to actually go around and say, Keith, your passwords are only five letters long. The policy says you need six, you need to change that. And I had to do that with a straight smile and actually be really happy about it and know that it really means a lot. And that's my job.  Can you imagine that, right? Having to tell someone your passwords are not long enough. Every day for eight years that's what I did. I hated it. I hated it. I knew that there was something else out there. There's something I had to do. Something that had to have more impact in the world. And so what did I do? I started a really shitty website. And what was it about? About dating. About love.  And I thought I could tell other people how to have love. That's what I thought it was. You can still actually find the website. So if you're interested, come find me upwards. So that's the website. That's not what it looks like today, but it looks more shitty than that.  I got my own e-book. Make sure you get a copy as well.  Don't do it.  We're starting a dating blog. And get this. I was like the shitest at English in high school. You can tell it right now, but the way I speak, I'm like crap. And so imagine me writing. And I did that for two years straight. Grinding my head against the wall thinking, fuck, am I going to write another date? And then, oh, I've got to find another girl to go take out on dates so I can write about it. And for two years, I worked on that and tried to make that happen. And I failed utterly. And so what does a person who writes about love try and do next? I tried to go out and be a dating coach. The only way to go. The only way to go. I had to go out and be the Asian hitch. I had to be that guy. I wasn't trying to be that guy, but everyone thought I was him. And I went out there and I tried to be a dating coach for a year and a half. I'd be doing things like this, standing up in front of the stage, teaching love, and still being single, and teaching love, and showing how to actually go talk to girls. That's what I was doing for one and a half years. So I spent three and a half years in this industry trying to make something work that never worked, that never worked. And it wasn't until I actually went in and pivoted. I pivoted and if you're in business, just like Keith talked about before, he had to pivot. Granted, I'd be into it. He took him four years and I took three and a half. But I pivoted and I started doing a virtual summit. Imagine where you get all these speakers and you can just sit on your computer and watch the interviews with them. And my very first interview when I did this pivot was that guy, John Gray, the guy who wrote Men are from Mars, women from Venus. And I was shitting my pants when he was about to get on the call. I'm like, I don't know what to say.  And this is what I want to put out there to you. How many of you guys are holding onto something, right? Staying in a relationship that's not working. He knows it. He knows it. In a business that's not making money. A business that's not making money. So after I did this, literally right after the summit finished, we opened up a coaching program because that's what I was doing. That's what I was good at. And this coaching program made the same amount of money one month after we finished as it took three years for my dating business to make that amount of money. And I sat there and I'm like, fuck, what's going on? But I still love that first business because it's like my baby. And so I'm trying to juggle two businesses at once.  Some of the people in this room already know my story. Some of them already have seen this journey happen. But for me, it wasn't until I realized my coach sat me down like, Richard, it took you three years to make the same amount of money that it took this other business one month.  Doesn't make sense. Doesn't make sense. You've got to put ourselves in that situation too.  So I quit my job. I went all in on this and I came to Singapore.  But not only that, I came here to run that. Then what happened? And I've only been here for six weeks.  In a good way. In a good way.  He told me about the one thing. This book. How many of you guys read this book before? Awesome. You've got to get a copy. Don't worry. It's not my book. I'm not selling anything. Yeah? This is by Gary Keller. And when he talked about this, my coach sat there and said, you know, Richard, if you... We all just did what we were really meant to do. Just one thing that really mattered. That you were really gifted at. He didn't worry about everything else. What would your life look like? What would your life look like? And I thought about it. And he asked me, what's your one thing? What's the one thing you would do?  And so I want to talk about this one thing here. Because it's so important. So important for you guys to pay attention here.  Yeah? I want to tell you that's not the truth. The truth is this. You have one thing that you're really good at. That's what we call your genius. Things that just happen to you, this is flow. That just happens.  But the truth is this.  You're excellent at it because you're trained up in it. You're trained up to be excellent. And if you're not excellent at it, then you're just probably great at it. And if you're not great at it, you're good at it. And if you're not good at it, you're average. Yeah?   And the real thing here is this. My coach, when he sat me down, he said this to me. He looked at me and said, Richard, a lot of us are sold this lie of being a speaker. A lot of us are sold this lie that we meant to be in the style of the business.  And we all buy into it because it looks pretty awesome. But the truth is if you just follow the one thing you're good at, the genius that you're good at, how would that be different? How would that be different? Because this is the thing here.  I'm average at a lot of things. I'm great at being a coach. I'm excellent at being, I don't know, a speaker. I think I am anyway.  Things here, I spent five years doing this. Training myself about investing thousands of dollars to be here to train myself to this level. But it's not the thing that I'm really good at. It's not my genius.  And so the thing that I'm really good at with my genius is looking at whiteboards.  I'm like, yes! Yeah, but no, what I'm really good at is I am amazing at systemizing. I look at people do things. I look at businesses create things, run their processes. And I identify where the wastage is. I do this for myself. You know, I spent hours looking for a new calendar app because the calendar app I'm using right now is going to get terminated in the next month. And I just want to find another one that's even better. That's how crazy I am. And that's what our new business is. It's called the Ultimate Freedom Systems where I actually teach. I come in and I'll be the COO for solopreneurs who are caught up in their business, who just start creating a business, being self-employed, doing everything that they shouldn't be doing. And I just want to free them. I want to take away their admin. I want to take away them doing invoicing. I want to take away client onboarding so that they can stay in sales. They can stay in client fulfillment. They can stay in coaching and do what they love. And that's what I get to do now. I've realized that is my one thing. And so as we wrap up here, I want to ask you a question, probably more questions because I know you guys are going to ask me a few. And it is this. If you had all the money in the world, if you had all the money in the world and you had all the material things in the world, you had all the houses, all the condos, all the cars, all the planes, all the boats, your family was taken care of, you didn't have to worry about them. You could travel anywhere in the world and you could live anywhere in the world and you've done all that. What would you do then? What would you do after that? After all that? You create all the charities that you wanted to do. What would you do then? Because this is the thing is what is your one thing? What's the one thing you would still do even after having all of that? What is that one thing? And that's what I want to share with you guys. I hope you enjoyed that. Thank you so much for listening. Yeah, Mike. I know it's quick for everyone here that as much as we want to find the GES that you were talking about, the quarter-life crisis or middle-life crisis, there's always something that, we can't be too certain about what we actually or what's our one thing. So how do you go about finding out that you are really good at this and I think it's possible? That's a great question. In case you guys can't hear that, he was saying how do you actually find out what that one thing and actually stick to it and go with it? Is that your question, man? Yeah. Great question. I say this because my knees are like shaking. Because even I don't know. I really don't know. This is my one thing. I really don't. I'm pretty sure it's like, if I said my one thing was a 100-meter sprint, but you're saying bolts out there as well. I'm sure there's other people that are better if not just the same as me. And that's okay. That's okay if it is. Right? But this is the thing. What if you went in on that one thing and you realized it wasn't?  Right? Did that help, man? Yeah, yeah. Good question, man. Very good question. Awesome. So there's another hand over there somewhere. I'm seeing things. What's Shimui? What's Shimui? Oh, this guy. This guy's got, like, good eyes, huh? Let me have them. So... Man, why do you make me do this? So... Keith noticed... Where is it now? Here. S-H-M-I-L-Y. That's me with really bad English, I told you. But it stood for See How Much I Love You. And this is a story. It's not even my story, right? What is this? This, like, you know, two, two, you know, grandparents, right? Not my grandparents. I read this somewhere. And I stole it. And so basically they had that. Every time they would write it on little things, on toilet paper rolls so that their partner could see it. They'd hide it in cards. And they just... It's a sign so that they would let each other know that they're loved. And that's why I did what I did because there's not enough of that in this world.  That's a good question, man. Does that have something to do with life? Yeah, man. romanticmissions.com. You can go get something. Any other questions, guys? Did you say that you were letting go of this business? What happened? Yeah, so when it's actually really letting go you're supposed to let the both sides die. Right? Yeah. But I totally missed that point because Bluehost automatically renewed it for another three years.  Fucked up there. But I leave it up because I want it up there as a token of history of just where I've been.   Doesn't do anything with this. It's okay. It's just part of my journey. I'm afraid to hide from it. I want it out there so that, you know, no one can turn around and try and blackmail me. Like, it was already out there 10 years ago, so no big deal. Good question.  What would you do next? The business I'm running right now?  What would I do?    So I don't know what's going to happen. I could go back to that password job and go, so you can do that again. And that is the reason why I quit my job because I know 100% I can go back to it and I'm not scared of that. It does.  I went out, I went for it. It didn't work. Okay, I know it didn't work and that's okay. But I go all in knowing that whatever's going to happen, I don't know how it's going to turn out. I'll be fine. And this is the thing that's missing a lot from the world is that we don't have enough faith in ourselves to go and do what it is that we want.  That's a real truth. Great question. It seems like you have a hard time getting work things. I mean, eight years in the first job, and then like this for like three, four, five years. Is there anything else beyond work that you found very hard to let go? Oh, why are we going here? So the question was, I seem like I like to cling on to things, right? For a bit long. Because it just doesn't work that way. And what else do I cling on to? And I'll be honest here, one of the talks I do here in Singapore is about my week from hell where I caught off my wedding and two days later I quit my corporate job. And then three days after that I find my first assistant in my business.  And I hate that. I hate that the most about me. That I hold on to things so long that I don't let go quicker. Because I don't let go sooner than I feel like I miss out there at the same time. I'm just learning like first, you know, eight years and then you count it down eight years, three and a half years. Then like the ultimate man business is like a year. And I just keep getting better at it. I realize I'm mistaken, I keep getting better at it. And fixing and tweaking. That's what the truth is, is that life is like, you know, actually if you go to NASA and you actually watch them launch a rocket to the moon the rocket, I don't know if you guys know this don't quote me on the numbers, but the rocket is 80 to 90% of the time not on the right path.  And then there, it's not on the right path. And this is exactly what life is. We're always tweaking. We're always tweaking. And to your question, man, is that if this turns out not to be the one thing it's all right, I mean I'm just going here and then oh fuck, not right. Then come back, come back and that's it. And that's really what I get to do. And if we all just did that then where could we be? I'm only 30 now. If I just keep doing this I'm just going to get quicker in learning how to let go of things. And this guy here is doing the mathematics because I know he's an accountant in disguise over here. But I was doing the business just to let you know, on the side. All the business time is on the side.  So that's why I could quit my job and I built that from being creating a side hustle.  There's a question over there as well. Last one. When you talk about what motivates you to continue and what motivates you to continue to do your business? What pushes you day to day?  It's to never go back in that corporate boardroom and say your password's too short. The truth is what keeps me going is knowing that I'm meant for something bigger that inside me the whole time I was in the corporate world the whole time I was doing the dating thing I was in a cage. All of us inside, as long as our heart beats we always want freedom. Not freedom. Financial freedom. Freedom to love who we want to. Freedom to go live wherever we want to. But most of the time we put it in the cage and for me I was like a tiger in the cage and I held that in. So each time I come out I realize I'm in another cage in another cage and in another cage and so for me the drive is to realize that as long as my heart beats I just want freedom. Freedom to be who I am and so what I do every day is tap into that to learn and actually just continue being more of who I am every day whatever that looks like no matter how many times I mess up and fail in trying to sell things or trying to do shit outside my genius is to just continue just knowing and being more of me every day if I could just do that then I've done an amazing job. Can I ask one quick question? Is it short?  Very great question so the question was where do I actually draw the line instead of just chasing my pursuits and fucking everyone else up that matters to me yeah that's your question so great question and honest truth is this is that my corporate job yes I was looking at passwords but I was actually in internal order I'm the most risk adverse guy in the whole company yeah I hated risk and so you know I understand where you're coming from is that we all have different situations like I have obligations back at home I have a property portfolio that I need to look after and you know I can't go out and not make money because I have to pay for that yeah and so the way to do that is to do exactly this if you want to create a business and I know most of you guys are because that's why you're here at The Hub is that you know you have to do that side hustle you don't just quit your job in pure rage and frustration that you hate it and then you think I'm gonna go do something else you have to create something on the side and have it proven that is the most important thing that's how you know when to let go and when to hang on when you do something and it's proven so you saw me that whiteboard right I literally drew that up in one week and then a client walked in looked at it and said Richard what's that and I explained it and literally on the spot that day she said I want that how much is that that's when you know shit's proven yeah when someone wants to pay for something and that's when you know that it's time to go in and you go in on it because someone else knows the value of it not just you bullshitting it not you just lying about it you know there's real value in there and when you know there's real value in there you have to also make sure you produce that so I quit my job I had I was on a six figure income in Australia and my ultimate man that was earning half of it yeah earning half so you know 50% of that six figure income and so when my coaches said Richard's time to quit and go for it I was scared shitless I didn't even want to do it I wanted it to replace my whole income before I did that so that's why I'm not you know it's not about being irresponsible it's about being responsible that's why you create on the side and you create on the side you can test it you can prove it so I was testing for four to five years to find some network until I finally found some network and it's the scariest thing now to fuck up on that and when I say fuck up on that is to start letting that go and going into something bigger but doing that it creates a space because if you hang on to too many things for fear of missing out you miss out on everything yeah you see everything like oh look at that new business look at that new investment idea look at that new thing you try to hang on to all of them then there's no space where you actually explode into one thing that you're really good at so I hope that answered your question then thank you very much Rich


So, the MAC conference is a competitive one. The MAC Commonwealth for the last many years has had two teams in the NCAAs, so it's important to us to play a tough out-of-conference schedule. We have teams from Centennial, the ODAC, the Landmark, so real quality opponents that I think will be a lot of the same styles of play that we're going to see in the MAC, everything from kind of possession-oriented teams to a little bit more direct, super athletic, so I think that's an important piece for us to get ready for important conference time. We've had a real revamp of our program over the winter and in the spring season with some tactical changes and some different focuses, and then just having our returning group go to Costa Rica together and play two games there was just hugely beneficial. Our freshmen are now playing like returners, so we even saw the difference in Costa Rica. So adding in, we have three transfers and 11 freshmen. It's going to bring a competitive edge. I think starting spots are wide open at this point, and I think it'll be a real battle to get the top 11 people on the field, and some of those certainly could be some of our incoming freshmen, some of our transfer students. So we're really excited to have Albert Ony join us. He has been in this area for literally decades, runs his own highly successful club. Albert knows everybody from pretty much every club. He's played professionally. He has coached at Towson University. He's coached Semi-Pro. So he has just a wealth of knowledge on the field, which I know will benefit us. Give us a different look in a couple key areas, as well as his recruiting ability. And I mean, he is just as passionate about soccer as you can get. So I think he's going to be a real sturdy and knowledgeable force for us going forward. Really our last three seasons, we have not been overly thrilled with. And I think we really feel like we're back on track from top to bottom in terms of mental toughness and our team culture, the kind of players that we have, our commitment level, and the quality of soccer that we just saw playing in Costa Rica. So I'm really, really excited to get this group back together. Our returners are all on the same page. They've done a great job already bringing in these 14 new players throughout the summer. So I think just having everybody back on campus with a lot of energy, a lot of enthusiasm, and really feeling like we're ready to get Stevenson soccer back where it belongs and we've got something to prove.


Live from Las Vegas, it's theCUBE, covering UiPath Forward America's 2019. Brought to you by UiPath. Welcome back to the Bellagio in Las Vegas, everybody. This is Dave Vellante and we're here, day two of UiPath Forward Three, the third North American event that's theCUBE's second year covering UiPath, the rocket ship that is UiPath. PD Singh is here, he's the Vice President of AI at UiPath and Rudy Kuhn, who is the Chief Marketing Officer and Co-Founder of Process Gold. UiPath just announced this week the acquisition of Process Gold. So Rudy, congratulations and you as well, PD. Thank you. So that's cool. Process Gold is focused on process mining. You guys may or may not know about them, but Rudy, maybe you co-founded the company. Why did you co-found you and your founders, Process Gold and tell us a little bit about the problems that you're solving. Yeah, right, you know, many years ago I started my career with IBM and I used to be a business consultant. And typically if you try to implement any kind of technology like RPA, but back then we didn't have RPA. But if you try to figure out what the real process in the company are and you ask people, please tell me, how does the process really looks like? Usually people cannot tell you. They say, yes, we have a documentation, but it's outdated the moment you print it. So the idea was, actually, I came across process mining more than 10 years ago and I met the guy at the University of Eindhoven, Professor Dr. Wil van der Arst, and he had this bright idea to reconstruct business processes solely based on digital footprints from any kind of IT system. I mean, think about it. You use SAP, you use any kind of other IT systems. And you take the data that is left behind after the execution or the support of a process, you take it, you push the magic button and you see what the process really is, like an x-ray system for business processes. Well, Peter, we saw that in the demo at the analyst event. I thought it was like magic. I mean, I think it's actually, I think of a small company like ours even, the number of processes we have and the relative complexity, and by the way, half the time people aren't following them, but you were able to visualize them. So first of all, why did you acquire Process Gold? What was the thinking there? So, you know, just to pop one level up the stack, what exactly are we trying to do as a company? In UiPath is we're building this whole new set of platform capabilities, right? We used to have product lines in studio, orchestrator and robot. But now, when we look at the whole customer journey and all the elements that need to be there in that customer journey, we essentially have to build something, what I call the operating system for a self-improving enterprise. And what that means is there are three elements you need to combine together. You need to have a measurement system in place which can quantify the ROI of your automations. Of course, you need a really solid RTA platform like ours to do the automation itself. You have to be able to bring in pieces for doing complex stuff, cognitive stuff using AI. And then you need a scientific way of planning those automations using tools like process board because you have to do process mining. Once you complete this virtual circle, you can keep doing more and more of the automations. Essentially, you're feeding the beast of efficiency in your organizations. So essentially the way this worked, we don't have the means to do the demo here, but you essentially pointed your system at a process and it visually showed me the steps and laid them out in great detail. And I said, wow, that's like magic. But this stuff actually works. You got real customers using this. You do, yeah. Okay. So we work for companies like Porsche in Germany. Maybe you have heard about them, they build cars. And they are using process code for part of the production process. Today in today's world, every process, no matter if it's a physical process like production or purchasing or whatever, is used or is supported by IT. And it leaves a lot of data behind. And this is exactly the gold mine for us. So we extract this data. And again, we have a lot of algorithms in the software. It's sort of magic. Basically it's a lot of mathematics, which is magic for me, but it works.  And this is really the source. If you want to see the process, you can then decide, is this process now suitable for automation, or maybe should we first optimize the process and then go for automation. And this is key for RPA. Well, I think, I've been talking a lot of customers this week and last year, offline as well. A lot of times they'll tell us the mistakes they made is they'll automate a crappy process. Yep. This presumably allows me to sort of highlight, on some of the weaknesses and the weak links in the chain. So process optimization is a big deal, right? Both in the pre-automation phase and in the post-automation phase. Once you've automated a process, you need to know what are the bad things that are happening there? What are the blockers? What are the non-conforming steps that you're taking? So that's in the post-automation, but also in the pre-automation phase, where you haven't even decided what exactly are you going to automate. It's really hard to quantify what are the high ROI processes, right? I can go in and out and automate something which is not useful at all for the users, right? And so we want our users to avoid making those mistakes and that's why we are exposing these powerful, powerful set of tools, where you can use all these tools to easily document your processes, manage your processes, use process mining to look deeper into how are people and the different entities in your organizations working together. You know, historically if you look at stuff like, in all of human history, there have been certain processes, right? But as computers came on and stuff, we look at it in sci-fi movies. Everyone has always, as Rudy says, the x-ray for the enterprise. We've always wanted to have this uber system that can understand everything that we are doing and tell us, you know, how can we improve stuff or what can we do better? Because as a species, that fuels a revolution. And so this is, it's fundamental to a lot of things that people do in every day and almost in every action that they take. So the secret sauce is math, right? Say it again, please. The secret sauce is math, right? Yes, it is. But you've got to have some kind of discovery engine as well, I mean, it's a system. So maybe can you give us a little bit more ideas to what's under the covers? Well, you know, it all starts with data and the data we need in the beginning is very, very simple. We need only three different attributes. The first attribute is what we call the case ID. So the case ID is a unique identifier for a case and it depends on the process. If we talk, for example, a very simple invoice approval process, then the case ID will be the invoice number. When we talk about claims management, it will be the claims number or purchase number, whatever. The second attribute we need is the timestamp. And every time we find a timestamp in a system like SAP or log file or database, this timestamp actually represents some sort of activity. So we need the case ID, timestamp, and activity. And solely based on this data, we can already show you how the process looks like.  So this is the data we need. We transform this data. We access directly the database so there's no need to extract the data. We directly access the data and we transform it and then it will be represented in our application so you get really the full transparency of what's going on. So when you were a consultant, you mentioned you were a consultant at IBM, you would sit down with the pen and paper and talk to people about what they did. Maybe time and motion studies and studies. You know these process mapping workshops. Everybody, consultants, loves it.  So- A lot of gray area in the maps that you had to build. Yeah, because people simply don't know what the processes are. It's not that they don't want to tell you. They simply don't know. Yeah, or as I said before, different people have different processes and they don't follow those. There's no standard to follow necessarily. So PD, what's the vision for how process gold fits into UiPath? So as Param was talking about in his keynote and Daniel talked about this too, a lot of our customers came to us to automate the processes that they already know about. For the processes that they don't know about, we have this whole set of tools, the explorer set of tools that we are releasing process gold is a part of that. But essentially now you don't need to know what processes to automate. You can use an automated set of tools to do that. Process gold, as Rudy was talking about, can go in, look at these log files, detailed audit logs that are generated by your systems of record, and then be able to visualize, optimize that process. But the technologies are really complementary because these guys used to work in the backend systems. That's why most of the process mining works. Works in the backend, looking at the audit logs. But UiPath as you know, we have really strong background in understanding the GUI in the front end understanding of apps, controls, and the control flows that the users have using our computer vision technology. When you combine these technologies, there's a magical effect that happens. Like if your backend does not contain the audit log of some actions that people are taking in the front end, let's say it's a small application which does not generate that audit log. Once you combine these two data points, this is one of the first in the industry of the one-of-a-kind system that can look across all the different spectrum of applications and be able to understand the processes at a deeper level. So technically, when you make an acquisition, you're obviously looking at the technology and how it's going to integrate. How challenging will it be for you to integrate? What have you done any sort of, when you did your due diligence, a lot of companies are really dogmatic about integration. Others, frankly, aren't, let's buy the company, buy another one. What's your philosophy? It was kind of a match made in heaven. I remember the first time I talked to Rudy on the phone and at the end of the day, our philosophies aligned like almost 100% because at the end of the day, Process Gold and UiPath is all about that customer obsession delivering the value to our customers and the values are same. We want our customers to get out of this mundane tasks, to automate the tasks as optimally as possible. And so both the companies, the outcomes align pretty well. Now, the mechanics of the integration, I think both the companies are, these are not dot com era companies where somebody came up with an idea and did this thing. Rudy and the team have been working in this area for 10 years. They have organizational knowledge, they have the expertise and so does UiPath also. And so we will take what I call a loosely coupled approach where we can choose common customers, we can choose common set of features that we are going to work on and that's how we will integrate. But again, the focus of all this is to deliver the value to our customers, not think about the mechanics of what the integration would look like. I think one of the most excited things that I'm hearing is this notion of the processes that are not known. Because so many processes today are unknown. Especially as we go into this new digital world. We used to know what processes we want to automate. You point some technology at it. Okay, great, we're going to automate. Now with this digital disruption that's going on, you actually may have no idea, you may be making processes up on the fly so you need a way to identify those processes quickly and then those ones that are driving ROI. I'm interested in your thoughts on AI and ROI and how to measure that, how those things fit together. So you know, AI, this is I think the biggest problem in the AI right now. There's a lot of hype in the space. We are tracking close to 3,000 different AI startups in the world. And nobody can actually put a number to the revenues or the valuation, the real valuation because of this ROI quantification problem, right? Let's say I have a company which says, oh, we are the best in class in understanding faces, sure. How is it going to be useful to an enterprise? If you cannot measure what value a facial recognition system is adding to your enterprise, it's not good enough for the business people because at the end of the day, my, I can have the world's brightest PhDs telling me, I have the state of the art model in the world which does blah, but if I cannot translate it into business value, it doesn't really work. And so that's why ROI quantification is so important and you have to make sure you align the econometrics of the AI measures and the business KPIs so that if for example, so your data science team should be able to know what metrics they have to improve in order to get a better ROI for the business. So you have to align those two things. And that is part of research that is not really prevalent in academic circles. Interesting.  Okay, great, makes sense. What I'm hearing from you is identify the KPIs that are going to drive you. So the customer defines value. First, sort of take away. Identify what those KPIs are. And every business has thousands of KPIs, but there's really like three or four that matter. So identify those top ones. And then you're saying measure on a continuous basis how your system affects those metrics. So in economics, this is called the treatment effect. So for example, if you automated sales and marketing processes, the KPIs that matter to you is what is your conversion rate from when the leads hit your system to when the revenue is realized, or what is the total revenue that you're making, right? As you said, there's only two or three top-level KPIs that really matter. And now, if for example, you put an AI system in place that frees your leads differently, you should see and increase and uptake in revenue. And so that's what I mean by the ROI quantification. So if you've instrumented the system properly, put in the right quantification measurement system in place and have the auto-optimization mechanism, that's how things should work. You know, with process mining, we can even add additional KPIs to the picture. KPIs you usually don't have because if you ask a company, nobody can tell you how many different variations of a process you actually have. And with process mining, we can exactly measure how many variations there are. So if you are up to streamlining, to simplifying the process, to speed it up, we can actually tell you if your optimization effort is successful or not because we can show you how the number of variations is going down over time. Even if we, you know, we can also measure the success of RPA implementation. So it really, we use process code and process mining not only for identification of processes, but also for the monitoring of processes after unsuccessful RPA implementation. I can see so many use cases for this.  I mean, sales guys in one region and sales gals in the other region doing things differently. You've got different country management doing things differently. And if I understand you correctly, you can identify the differences in those processes, document them, visualize them, and identify the ones that are actually optimized or help people optimize and then standardize across the organization to drive those metrics that matter. It's very powerful. It is really powerful. You know, as I said, we are living in the golden age of this system that can self-improve your companies. I mean, this was the holy grail of all of computer science. But with technologies like process code, with RPA, with AI, I think we are at that inflection point where we can realize that. So, we got to go, but I'll give you guys sort of the last word, each of you. So actually, first of all, Rudy question, how large, can you tell me how large the process goal team is? How many people? We have about 60 people. 60 people, great. We are based, our headquarters in Eindhoven, the Netherlands. So this is where we are very close to university. This is where our developers basically are located. And I'm based in Frankfurt in Germany. Well, for now, let's see what the future will be. So what's the home run for you with this marriage? The home run? You know, since we are in Las Vegas, I was wondering if you hit the jackpot or if we hit the jackpot, but I actually think the customers, our customers hit the jackpot because this combination of your technology, of our technology, this is really, you know, the go-to part. Good answer, so I was going to ask you the same question, PD, is this? No, I can't even tell you almost every one of the UiPath customers has expressed interest in process goal, right? Because right now we have a portfolio of products, but the interest that we are getting in process goal with the process mining offerings is unparalleled. So Rudy is right, our customers are the ones which are driving this innovation and the integration. And I'll be able to actually acquire this solution. I forget I have my notes, but relatively near term, right? Yes. We are going to make it available to our customers as soon as possible. Awesome, guys, congratulations. Really great to have you on theCUBE. Thank you. All right, and thank you everybody for watching, we'll be back with our next guest right after this short break. You're watching theCUBE live from the Bellagio UiPath Forward 3, we'll be right back.


Okay, very good morning, happy Friday, happy NFP day. And just to say, if you're watching this on YouTube, don't forget to hit that subscribe button, hit the bell icon when you can, and you'll be notified because I'll be going live to cover non-farm payrolls from 1.15. So 15 minutes before the data hits, later on today, I'll do a full rundown. I'll cover the release as it happens and look to analyze it in real time. So yeah, love to have you on board. Plenty of questions, I'm sure, get them in and I look forward to seeing you guys online. But straight to it, let's have a quick review then of what to expect. I will go over it, I've seen a much more detail during that live session, but just wanted to give you a flavor of the type of things that we're looking at this morning and an overview for payrolls of what we can expect because there's a few things to be aware of. So first off, the close on Wall Street. And here we are, record highs again. So the S&P finished up six tenths. The Dow and NASDAQ 100 were up both respectively 0.78%. So as you can see here in these major US index futures, the NASDAQ 100 getting a little ramp into the close, the final half an hour of trade, just pushing us up and then into the electronic trading hours, just peaking there before finding a bit of consolidation ahead of the payroll report. Similar kind of case with the S&P. We had that trend line on from earlier this week going back to last Thursday. We failed to really break through that through most of the session yesterday, but then into that final half an hour, real strong breakout on the upside and taking us back to that retest back to the all-time high levels and in fact, just peaking its head above it last night. They've fade after that strong bid that we're seeing into the close, which is not unusual. And then we've kind of drifted back up again in close proximity to those highs going through the latter part of the Asian session. And that despite generally a little bit of a softer tone overnight in Asia, nothing too dramatic, nothing major on the Chinese front to report in regard to what we had been seeing over the course of the last two weeks or so. Usual situation now, it's kind of just sitting and waiting and being patient and waiting for the jobs report to really dictate proceedings for how the end of the week will look. Elsewhere though, T-notes, yields continue to rise. And of course, we kind of peeked out here. This was ADP on the rise and then the Claredo-Horkish comments in combination with the ISM services PMI that we had. And we've just continued that move now and we've backed off back down toward the levels we were trading last Friday. So yeah, you know, despite COVID, which we'll talk about in America is still causing a degree of issue. And at this point in time, a deteriorating situation, yield still on the front foot, just following some of those latter developments that we've had this week. But I do think, and I will talk about in a moment, this market positioning is quite key for determining the price reaction later when we do get payrolls hit. Elsewhere as well, oil. I was just having a quick look at that this morning. And I think it's quite important to look at it in context because obviously oil's seen, I think it's actually from a weekly performance, one of the worst weeks that WTI crude has had this year, in fact. And that of course coming on the back of the just continued situation on COVID and what we're seeing globally. We've been tracking Australia, Japan, US. And so there has been a recalibration of sorts on the outlook for the rest of the second half of the year, somewhat then moderated by the fact that we had that recent latest US GDP figure last week, which was showing that, you know, compared to where we were a few months ago, where we were looking at very strong growth that has been tempered somewhat by the persistency of COVID and the fact that, you know, this is very much a global issue. And there's quite a lot of disconnect between countries like the UK, for example, comparative to particularly a lot of underdeveloped countries. And that just keeps them, things like the Delta variant, kind of in full circulation at the moment. So oil though, you know, when we've seen a market sell off to this degree, and so we've gone from a 74 hand or down to really 67 over the course of the last week or so, finding a bit of some buyers coming in down at these lower levels. We've had here this morning a little bit of an extension on the move higher on the recovery through, as you can see, these previous areas on that load that we printed earlier in the week. Again, on some resistance on initial push through about back on this was Tuesday and then yesterday's price action, that same point of resistance. So yeah, a bit of a break, nice classic long entry there actually on the push up. And so we're up about 50 cents or so this morning, just moving back into around 69, 50 type area. On the upside, 70 bucks, quite interesting. Again, a previous point of technical support before the breakdown in price that we saw on Wednesday. As well, if you draw a fib retracement from last Friday's high to the low of the week, comes in at roughly around the same type of price level. So worth keeping that in mind as well. FX markets, relatively quiet, but we did see a decent dollar bid into the late US trading hours. Asia packets faded a little bit, but that does mean that both major pairs are in just moderate negative territory here, top left, Euro dollar and cable down around 11 pips each, respectively. The DAX just quick word on the DAX because technically as well, it's up about 26 points this morning, that in sympathy with the higher close on Wall Street, but on the daily chart, it is worth keeping in mind here, we are knocking on that door again as per the US indices on these record high levels. And so again, how payrolls comes out, we'll likely dictate whether or not that level's gonna hold today. So the daily close would be quite interesting to see how things finish up there for the German stock index. All right, well, let's talk about payrolls.  But as I said, I'm not gonna go into great depth right now. If you do want to go into and do some preparation yourself, then just check out my Twitter handle. I did share my morning notes, which cover things with a little bit more information. But essentially, what we're looking at for here is the headline expectation is for 870,000. So this would be another fairly robust figure following on from last month and what had been then as kind of an improving situation overall, which is kind of what we're anticipating going forward and further economic improvements. The unemployment rate is expected to dip. So we're looking for a 5.7% number from the previous 5.9%. Now, in terms of, well, really two things. First, how has the pre-employment reports that are used as a precursor to try and better and more accurately define our expectations for payrolls look like? Well, generally fairly positive. I mean, from an ISM point of view, these figures have been quite strong. The employment constituents in both readings have seen a decent move. And so the employment section of the US main service sector survey recovered in July back into expansionary territory after dipping through that in the prior month. The manufacturing sets of US economy is also back on positive territory at 52.9, recovering from a contraction activity in June. So those quite closely followed ones have been pretty decent. On the flip side though, the one that hasn't lived up in the same positive fashion has been ADP. We remember early in the week that came in 330,000. That was well far below analyst expectations of pretty much 700K. However, beyond these data points, there's kind of a more important thing, I think, to be aware of, which is the second point, which is the impact of technical reasons. And what I mean by that are seasonal adjustments around really two main areas that could well give an upside boost to the numbers, which if you eliminate out the seasonal rationale behind that, the number might not be as good as then a topside surprise might suggest. And that's an important factor to determine when you might get a big explosive reaction in a positive fashion in an asset price, only then to fade quite quickly when people say, well, it's only strong because of XYZ, which is not a sustainable factor or truly reflecting the underlying employment situation. Now, what these things are, are basically shifts in seasonal employment at schools caused by the pandemic, which could mask some softening and underlying labor market conditions as the boost from fiscal stimulus and the economy's reopening fades. So what they're talking about here is, and I'm just gonna bring it up. So prior to the COVID-19 pandemic, education employment normally declined by about 1 million jobs in July as schools closed, while as well, temporary plant shutdowns for the summer retooling has also typically weighed on automobile payrolls. So two key sections here, automobile employment and also schooling. But this year, of course, because of the disruptions that we've had because of the pandemic, there's a lot of summer schooling as students trying to catch up, particularly now going from a virtual to back into in-person format as well. So those teachers, if you like, being kept employed rather than kind of dropping out of the calculation in that respect. The other thing is, is chip shortages that we're fully aware of, that's been a key component, of course, that's really fueled used car prices and really added to that upside inflationary pressures we've been seeing in the US. That's because chip shortages obviously has impacted on the ability to manufacture new automobiles. Well, that has also meant those chip shortages that a number of these automakers have had to change their normal production schedules. Now, that could have an impact on the timing of temporary retooling shutdowns, which could throw off the models that the government uses to strip out seasonal fluctuations from the payroll's data. There's also some seasonal factors that are also expected to boost the leisure and hospitality jobs as well in this particular report. So with all this being said, the main thing I'm mindful of is, in short, the knee jerk reaction, particularly to an upside number to not just hit it thinking, wow, this is really strong because the move might get faded quite quickly if it's evident that a lot of the strength in that report has come from these areas. The other thing, though, means is that typically then, looking at these technical reasons, the number should be an upside surprise, if anything, on the balance. So if we get a low number, and that's even with all of these additions, well, then the underlying conditions are pretty bad. And if you think about a Fed member like Waller, who's joined the likes of Bullard and Kaplan and really been banging the hawkish drum about potentially tapering as early as October, remember he said it's conditional. It's conditional on seeing the next two consecutive strong jobs reports. And obviously a downside number kind of eradicates that being a valid statement that he would follow through with that type of hawkish commitment.  Well, perhaps that's good for equities, but then if the number's good, I don't think that really deviates too much from the schedule where we've got Jackson Hole at the end of the month, and that was always tabled and penciled in, is when they were gonna talk about tapering anyway. We're almost there. And so again, we get a good number. Is that just good for equities again? So it could well be one of those where either way, it could be a good result to that respect. But one thing I'm mindful of, of course, is that equities are sat at a stretch point of being at its record high, but that doesn't mean we can't punch higher, of course. From a yield perspective, again, I do think that that's quite interesting because of the move that I mentioned. Yields have increased over the last 24 hours or so. So teen oats have gone from really a 135, 14 price down to 134.07 or so at the low. So a downside surprise definitely gives this market a bit of room for a snapback higher at the moment because I think it's kind of positioned more for an incandescent type view. So more like an 850, 900 type million print today. Anything short of that ADP rerun, we might see some upside there. And obviously given the dollar bid that we saw late into yesterday's session, there's room for that to come under some pressure, which obviously is gonna support the major pairs as well. So yeah, that's payrolls. I mean, hopefully makes sense, but as I said, you can check out my notes and otherwise I'll cover everything again in more detail at the live event. A few other things that I wanted to share and quickly talk about and to start with gonna talk about COVID and gonna focus on the US this time and daily new COVID-19 cases have climbed to a six month high in the US with more than 100,000 infections reported nationwide, all very much driven by the Delta variant as we know. The seven day average of new reported cases has reached nearly 95,000. And to put that in a bit of context, that's a five fold increase in less than one month for the US. Florida, Texas, Missouri, Arkansas, Louisiana, Alabama, Mississippi account for half of the country's new cases and hospitalizations in the last week. And a lot of those specific areas starts then going to how vaccinated people are on a state by state basis. And that obviously political evidence that shows then that a lot of these states, more Republican leaning have had a lesser take up of the vaccines and therefore the spread of the virus has been much more evident and thus hospitalizations as well. What this is resulting in is although some of the big Wall Street banks continue to kind of, those old school guys like Solomon at Goldman's or Jamie Dimon and so forth continue to kind of drag people back to the office. It's becoming a little bit problematic now at these levels, particularly in New York, obviously highly populous and there's been reports. I think it was in JP's office where people who are even, you have to be vaccinated to go to work, but even those guys are passing it on and so forth. Elsewhere Wells Fargo, BlackRock, Amazon have all announced yesterday they're delaying plans for staff to come back to the office. I think Amazon is probably the most cautious with that. I don't think, I think what I read this morning is that they're saying to people, we're not even going to have people back until January next year and then they'll revisit and see what the situation is. So yeah, definitely perhaps the return to normality as we've seen the kind of slight adjustment in markets perception about the second half of this year is becoming a little bit more true at this point in terms of the lingering effects of the fact that this Delta variant is still very much present. Otherwise, the other thing to be aware of and it's something that's been kind of dragging its heels but I think that's pretty much as you really expect is the US Senate, they were unable to finalize our $1 trillion infrastructure bill yesterday, unsurprisingly and they'll try again on Saturday when it's scheduled to hold a vote on limiting debate and moving toward passage of the Hartford legislation. The Senate is trying to wrap this up, of course, ahead of the scheduled five week summer recess which is supposed to start next week. The House has already begun its summer recess. So if you think about it, this pushes us all the way into like pretty much mid-September and of course, given now the reinitiation of the debt ceiling rules in the US, this is getting ever closer to putting your feet on the fire now toward a potential talking government shut down again and I have no doubt that now looking at this and given the summer recess, that politicians will use that as leverage to try and reshape some of the deal, I'm sure, before it comes down to the wire on the debt ceiling side and this deal gets over the line. For the moment, is this a risk to markets? No, I don't think so. There's just bigger things in focus right now, specifically today with payrolls but also the timing on tapering, the COVID situation, this infrastructure bill I think is just a bit of a side point for now, at least. And that is pretty much all I wanted to cover at the moment. So this morning, as is always the case, it's a pretty light calendar for the UK European mornings. So main thing if you are trading this and you're new to this environment, not the time to be going gun hoe, it's really the time to be just patient, disciplined, sit on your hands and wait until this afternoon. The data obviously all coming out at 1.30, it's alongside some jobs data out of Canada as well but obviously the US numbers will take precedence across the macro global environment. From a speaker point of view, Bank of England is broadband, following the BOE decision yesterday, speaking just after midday and that is it. So yeah, don't forget to subscribe to the channel and hopefully I'll see you online live later. Also, don't forget to check out. Piers and I have got a slot, I think, at 5 p.m. today. So hopefully we'll be able to talk about payroll, what happened, what does it mean, implications, so on and so forth and we'll wrap up some of the highlights of the week in that podcast. So just search for market watch from Amplify on Spotify, Apple and so forth. And yeah, I'll see you later. All right, thanks very much guys.


ITUD's Study Group Questions 6-1 addresses consumer protection within the context of the rapid evolution of technologies and the appearance in the market of ever more sophisticated technologies, equipment and new business models which benefit consumers. An annual deliverable was elaborated based on contributions received from membership and was augmented by discussion held in a webinar on the 2nd of July 2020 as part of the ITUD Study Group Reflections on COVID-19 series. This paper brings an overview of challenges linked to nuisance and fraudulent calls and text messages and the strategies adopted by the different countries to tackle the problem. During our study actually we saw quite a variety of regulatory approaches that were being followed globally. I think for example the United States uses color authentication. Countries like Italy, France, Ecuador, India use specific telemarketing numbers. However, I think the most commonly used globally approach that we saw was the use of do not call lists or do not disturb lists. Another almost universal phenomenon is the use of consumer engagement and consumer education to tackle the problem of unwanted calls and unwanted texts. I think both industry as well as consumers have a very important role to play when we come to tackling this problem. As far as industry is concerned they must cooperate with the regulator to respect consumer rights and to respect consumer preferences when it comes to unsolicited commercial communications. We've seen some very good examples. For example in Brazil the industry has adopted a voluntary code of conduct and in India the industry collaborated with the regulator to implement blockchain solutions. Coming to consumers they themselves have a very important role to play. They must actually keep themselves educated about the possibility of technology enabled fraud and what the solutions are. They must be aware of their rights and they must alert regulators and telecom operators when they do face problems. Yeah, I think what the pandemic actually did was to highlight the priority areas or issues that we were already well aware of. For example universalizing broadband access and ensuring quality broadband connectivity for everybody became absolutely an essential priority and in fact internet connectivity became a lifeline for us during lockdowns and even otherwise. The other important area that we found as a priority during the pandemic was protecting the interests of particularly vulnerable sections of the population. For example persons with disabilities, children, the aged and the newly connected populations. So what we realized was that you need universal access but you also need accessibility and consumer education and awareness. Digital technologies and services are pivotal to keep people connected to allow businesses continuity to learning leisure communication with friends and family. On the other hand it's important to recognize the risks related to this contest, especially when we think about the most vulnerable and users. And in different countries and cultures all over the world have been falling a warning crease of malicious activities. Here included cybercrime, frauds, misinformation for example. And in many cases those problems are linked to nuisance and fraudulent calls and text messages.


I'd imprivilege that I present to you to unveil this MacArthur Beautiful. I think what I said was that the gentleman I think mr. Toby told me that they figure carrying the American flag He wanted it to be my generous father Because the generous father charged up the missionary Ridge. That's right in the Civil War and That's the supposed to be that's supposed to be my general and you know that my general was 19 years old a full criminal That's a record So I'm very proud to be here and thank you so much, and I have great I feeling deep feeling about the Medal of Honor I just want to say that I'm very proud to be here and thank you so much and mr. President lovely to be with you. Thank you. Thank you. Thank you very much Thank you Arnold and Zach Vischer Mrs. MacArthur Ron Ray Tex McCrary Distinguished Congressional Medal of Honor recipients Members of the Congress and ladies and gentlemen. I Thank you for such a very warm welcome. I Have to tell you that back in Hollywood. I was warned That I should never share the spotlight with small children or animals They would upstage you and steal the scene every time but There was never a word of warning about sharing the stage With the presentation such as we've just seen First of all I have to get the lump out of my throat May I just say when Americans See this they are going to feel a deep pride in themselves in their country and A sense of humble gratitude for their fellow citizens whose deeds were memorialized in this production My congratulations and thanks to everyone who made this film possible It's a great privilege today and a very great honor To participate in this event Your efforts to serve remind us of America's heritage and its purpose and America that is militarily and economically strong is not enough The world must see an America that is morally strong with a creed and a vision We are such people This is what has led us to dare and to achieve For us values count They are the wellspring of our American way of life The real meaning of the Hall of Honor service to country patriotism honor and sacrifice Those words and the film so stir the soul Not to be heroes, but to serve Not to die, but to live Not because we wanted to but because there was a need Last week in Beirut there was a need Six Marines heard that four of their buddies were in trouble They went to help 15 minutes later eight five young fine young Americans Had added their names to the long list of those who have given their lives for their country There was a need Greater love hath no man than this that he lay down his life for his friends God bless all of you here today and yes, God bless Those who never lived to know that what they had done was heroic the price of freedom is high but never more costly than the loss of freedom and Freedom we must always remember is never more than one generation away from the extinction Each generation must do whatever is necessary to preserve it and pass it on to the next or it will be lost forever We must deal with the world as it is and not the way We would like it to be If we turn a blind eye and a deaf ear when totalitarian regimes brutalized the hopes and dreams of people We demean the valor of every person who struggles for human dignity and freedom and We also demean all those who have given that last full measure of devotion The quest for freedom continues to build There is a revolution going on in this world a revolution for freedom and democratic ideals It may not capture the headlines, but it is there and it's growing That is the real message of our time and it may just be the reason why those who don't like to hear the truth Are so worried History doesn't offer many crystal clear lessons for those who manage our nation's affairs but there are a few and One of them surely is a lesson that weakness on The part of those who cherish freedom inevitably brings a threat to that freedom Tyrants are tempted with the best intentions. We have tried Turning our plowshares or our swords into plowshares Hoping that others will follow While our days of weakness are over Our military forces are back on their feet and standing tall Modern equipment is being delivered to troops and moras on the way The mobility and firepower of our ground forces is being strengthened with up-to-date equipment And no longer is the american military being asked to defend freedom with equipment from wars past I'm also pleased to report that training and readiness rates have really soared Too often we forget that the bulk of our defense dollars Are spent to keep the troops well trained equipment and working order spare parts and ammunition on hand and we do none of this Because we seek war Indeed we hope we will preserve the peace But when our citizens are threatened It is government's responsibility to go to their aid as we did in granada Our forces had what they needed to get the job done And now the world knows Then when it comes to our national security The united states will do whatever it takes to protect the safety and freedom of the american people May I just say that as of this morning 950 Of the 82nd airborne Are implained on their way back to this country the last of the combat troops in granada What are known as military service force engineers cbs medical personnel And military police will stay there in a detachment to help that country get back on his feet And to replace and rebuild things that need replacing and rebuilding One wonderful thing is that today when you see A young man or woman in uniform They chose to wear that uniform And they are they wear it with honor And they serve their country Because they're proud to do so And I know that our servicemen and women feel that it is an honor and I hope this makes you as proud as it does me From granada to lebanon Lebanon to the demilitarized zone of korea to the nato line in europe Young americans are carrying on in the finest tradition of those before them They care they understand and they continue to give willingly of themselves There was a recent article in a Newsweek magazine that made the point very well a 40 year old father with five sons Noted that he grew up in a generation Where the service the military service was to be avoided The recruiting station were places to stage protests Now his oldest son In college Wants to be all that he can be one of the select few Each trip to the recruiting office generates enthusiasm Among his younger brothers who are proud of their older brother The father wrote in that article My children somehow have settled on a place where it is their assumption that this country is right and just Unless they are shown otherwise Will his children believe the basic values that made america great god bless them And here today with all of you Who believe those values so much that you went beyond the call of duty in defending them Many like you are no longer with us They will be honored and remembered not just because you and they Heeded the call of duty, but because you and they performed above and beyond that call That's the meaning of this greatest recognition our country can give Wear it proudly because it is so much a part of what makes america unique in all the world Yes heroism in combat is recognized in every nation but There is something in this particular recognition Recognition That is peculiar to our way of life Maybe you let me illustrate it with a story World war two I was in the horse cavalry reserve. So it was only natural that when I was called up to active duty I found myself an adjutant in an air core post The post happened to come directly under air core intelligence So the general orders and all the citations from every branch of the service Came over my desk and I used to Delay their arrival at the commanding officer's desk while I slipped them under my blotter So that I could read them in the leisure of the evening Read those wonderful statements those unbelievable statements of what individuals all over the world In our armed forces had done particularly those who were being cited for the congressional medal of honor And Some years after the war was over I read Where a man in moscow had been awarded their highest honor Their gold medal But apparently they don't give citations as we do to tell what the medal was awarded for This man was a spaniard had lived in moscow for four years. He'd been a refugee from the Spanish civil war He was an interpreter There wasn't anything in that to warrant his getting the medal I discovered that eight years before that he had been in castros cuba, but apparently nothing there but a journalist Who had the ability to research further than I did Came up with the total story before the eight years in cuba. He had spent 23 years in mexico In prison He was the man Who buried That isaac's mountaineers mountain climbers carry in the head of leon trotsky And I found my memory going back to those things that I had read during the war any one of them A thrilling story of heroism above and beyond the call of duty But one in particular seemed appropriate at that time A b-17 Coming back across the channel From a raid over europe badly shot up by anti aircraft The ball turret that hung underneath the belly of the plane had taken a hit The young ball turret gunner Was wounded and they couldn't get him out of the turret there while flying But over the channel the plane began to lose altitude And the commander had to order bail out And as the men started to leave the plane the last one to leave was a boy Understandably knowing he was left behind to go down with the plane cried out in terror The last man to leave the plane saw the commander Sit down on the floor He took the boy's hand And said never mind son We'll ride it down together Congressional medal of honor posthumously awarded They in another society give their highest honor to a political assassin We gave ours to a man who would sacrifice his life simply to bring comfort To a boy who had to die I think there's that explains the great difference Between our societies and the great significance Of this particular award The bedrock of our strength Is america's moral and spiritual character Peace with freedom is the highest aspiration of the american people We negotiate for peace we sacrifice for it We will never surrender for it Our commitment to arms reduction is unshakable We'll not give up our search for peaceful solutions in the middle east or central america or elsewhere But let us hope and pray That a tomorrow Will come in which we will never have to call upon the courage Of men and women in the field of battle General douglas macarthur Express this hope when he said Could i have but one line a century hence Crediting me with a contribution to the advancement of peace I would yield every honor which i have been accorded which have been accorded me by war God bless all of you And may god continue to bless this land Thank you Thank you very much. I'm not doing an encore I I just have to um Before I'll please sit down I have been given a very pleasant shore And I hope that it is a surprise for zack fischer I hope it's a surprise i've learned in washington that the only place That's the only place where sound travels faster than light The intrepid sea air space museum Is zackery fischer its founder and chairman And There is a plaque Being held here they said that he would hold him because it weighs 40 pounds. I can lift 40 pounds, but i'm glad you Zackery fischer We're presenting you this plaque it's given with the heartfelt thanks of millions of americans The inscription reads Due to the tireless and dedicated work of many americans The intrepid will serve as an inspiration to both young and old for years to come One man deserves special tribute zackery fischer a patriotic american who never forgot And who cares so much Mr. President An honored guest My cup runneth over the ship Very few people know i'm really a very selfish man The ship has done more for me Than I have done for the ship We've had some problems lately Financially with the ship The japanese couldn't sink it And nobody is going to sink it This ship this museum Will never close My family knows that And they'll always be in back of me Mr. President It is an honor that I have never thought I would receive By receiving it from you Is something that I could never forget Thank you again I'm happy also to be here today to present another very very cherished award of the congressional melancholy societies The congressional melancholy societies patriot award Is the highest award of the united states of america President of the united states of america commander-in-chief Of our armed forces president reagan For your personal leadership And contributions to revive the american spirit of love of country self-sacrifice And youthful idealisms We are privileged to present to you the congressional melancholy Patriots award Because of you All americans today Stand a little straighter With their heads held a little higher And their hearts fill with a greater love and respect For our beloved america Mr. President Thank you all very much There are no words to express How honored I feel Because particularly of All of you and what you mean who Who made this possible My feelings are also compounded by a little guilt It's A medal for patriotism, but it's so easy to love america And I don't know whether you're entitled to a medal for doing that But I do and I mostly Thank you very much I just have to say one thing so that you all won't be in suspense Ron is going to be able to tell his mother now the picture was the outlaw and the girl was lorraine day While you're standing, I think we should really Give a great hand to tex mccrary and what a job he has done with the show today The cowboys will be better next year Will you please Remain standing now for the retiring of the colors. Are you sitting down? This isn't worse than being an episcopalian, isn't it? Ms. McArthur with that accent of yours. How did you wind up in the union side? Oh, okay. All right. Okay Will you please stand for the retiring of the colors and the benediction by reverend robert montey chaplain maguire air force base And then will you all join in clear the lump in your throat? For the army chorus on erving berlin's god bless america And we'll all exit march to the grand old flag footnote Will everybody air force one the party? With the president she's sort of drift over that way a little bit That's general vessey senator mortos harry walters Robert mcfarland is bob here. I forgot to introduce that marina that peacekeeper anyway post script Ben river and robert montey chaplain maguire air force base the benediction Let us pray Well father all powerful and ever-living god We do well to give you praise forever and to give you thanks and all that we do You spoke to man a message of peace and taught us to live as brothers and sisters Your message took form in the vision of our fathers as they fashioned a nation where all might live as one This message lives in our midst is a task for us today and a promise for tomorrow We ask you lord to bless our president Give him the wisdom and the strength to carry out his awesome task As commander in chief of our armed forces and as leader of our country Bless the members of the congressional medal of honor society As your power came upon them And as it did to many other unsung heroes from valley forge to lebanon and granada And transformed them from ordinary people into heroes of our country Let that same power now aid them in their work of fostering the ideals of justice and peace Of freedom and service to country Help us all to accept those ideals and work for their fulfillment This is our prayer in the midst of a world that is often far from peace Let your power be greater than all that seeks to destroy us But never let our prayer become an excuse for doing nothing For you have given us the grace and the power to do the works of your kingdom Amen Will you all join in with the army chorus on Irving Berlin's god bless america mr president Will you give the first lady the love of all of us