Obama had asked for a report by today. He's been briefed and will meet with security officials next week:
Vacationing in Hawaii, Obama received an preliminary assessment ahead of meetings he will hold in Washington next week on fixing the failures of the nation’s anti-terrorism policy. Administration officials said the system to protect the nation’s skies from terrorists was deeply flawed and, even then, the government failed to follow its own directives.
Obama spoke separately with counterterrorism adviser John Brennan and Homeland Security Secretary Janet Napolitano, who announced she was dispatching senior department officials to international airports to review their security procedures. More at MSNBC