sundar: a.i.'s going to do that.view this as challenge and i actually think the people who struggle to do that. so doing that well is what will define a high quality product and that is what makes a search successful. >> you make a ton of money on ads generated by searches. if a chatbot is giving you chances and more links. are we in the midst on assault on google's models? sundar: we always want choices. and that's a fundamental need. and i think we've always been able to balance it. as we are rolling out a.i., we've been experimenting with the ads and the data received shows those fundamental principles will hold true during this phase as well. >> the images that gemini generated of asian nazis and black founding fathers, you said that was unacceptable. if you look at any pictures of the founding fathers, you're seeing old white men. people are calling this woke a.i. it's happening across the industry. how did the model generate something that it never saw? sundar: we are companies that -- and there are questions t

and we'll talk about ai and sundar pichai's thoughts. and meme stock craze. we've got that story and more after this commercial break. ush- clem's not a morning person. i'm tasting it- or a night person. or a... people person. but he is an “i can solve this in 4 different ways” person. and that person... is impossible to replace. you need clem. clem needs benefits. work with principal so we can help you help clem with a retirement and benefits plan that's right for him. i'm short but i'm... i'm confident. you know? let our expertise round out yours. norman, bad news... i'mi never graduated i'm cfrom med school.ow? what? but the good news is... xfinity mobile just got even better! now, you can automatically connect to wifi speeds up to a gig on the go. plus, buy one unlimited line and get one free for a year. i gotta get this deal... that's like $20 a month per unlimited line... i don't want to miss that. that's amazing doc. mobile savings are calling. visit xfinitymobile.com to learn more. doc? >>> welcome back. china may be facing new tariffs, but across the

including the standard supreme council, after many years, for example, after 20 years, he revived the sundarrge of holding the fourth meeting. maybe this feature has become commonplace, and then he would repeat one sentence , maybe it was broadcasted several times in the media, i don't know, he said, i have time , you set up a meeting, you plan a day , count on my time, it means that i have free time. we knew mr. president that there are different dimensions of national and international issues in terms of cultural, economic, social, security aspects, but this unique oppressed character is forcing us to move in such a way that we say to ourselves, sir, we, but iran from apparently, we have to be a little stronger and more modern and present ourselves to shahid raisi, this shahid raisi is a bit difficult for us now, yes. mr. dr. chol , you talked a lot about mr. raisi . i remember that regarding the standard organization of our martyred president, he always said that the standard organization is like an inspection organization of the executive branch. short sales, yes, one of the areas that y

. >> doing this at this conference sends a clear message to ceo sundar pichai and to google cloud ceohomas kurian that you will be afforded. not a moment of peace. >> starting at nine in the morning, hundreds of pro-palestine demonstrators using this light to shine a spotlight on the big draw of this conference artificial intelligence. i think a lot of the topics were around ai and the new advancements they've made, and it seems pretty impressive. >> i feel like a lot of the new advancements are pretty interesting, so i'm excited to see how it plays out in my life. >> protesters saying google's selling tech, such as project nimbus to israel means death for thousands of civilians caught in the war in gaza. >> there is nothing that would bar the israeli government from using these cloud services for military purposes. >> google is becoming more and more aggressive in their blatant endorsement of and decision to profit off of israeli military settler colonial genocidal violence, demands to cut ties with the idf mirror those made as protesters in april occupied the office of google cloud

lizzy: that was sundar pichai, the google a bit ceo speaking to emily chang.ou can watch the full interview tonight at 11:00 p.m. u.k. time on bloomberg television or stream it at bloomberg originals. disney shares tumbled of the most in 18 months, after a report of a tepid outlook for growth in streaming sioux tribe is in the current quarter. the ceo hugh johnston says price hikes are not impacting streaming negatively. >> we took prices up a little bit in the beginning of this year and it didn't really see much of an impact. as to what the future brings, we are obviously very judicious with the way that we price, we want to provide access to as many guests as we possibly can. but we do believe that the great experiences we provide, people are willing to pay for. tom: disney's cfo speaking to bloomberg. was bring in charlie wells from the team. the results topline for the quarter was a beat but the shares were hammered. what was the investor reaction, where is the fear situated in this stock? >> yesterday was trouble not in the house of mouse, but around it,

in other ways they turn it around on employees, and sundar at one point joked about griff giving employees 101 question, and a rare admission in the planning for the company in the last few years they got so many questions about this they had to address it at length and came up with different responses to take a little more response, but also say, look, we're in this new era, it's just hard for employees to listen to this when they are getting laid off pretty regularly and seeing some jobs offshored to itchedndia and mex last week. >> how much of your reporting has just gotten into how pervasive this issue is? it seems like, yes, it's certainly a cause for concern. how employees are likely to quit, leave or find something else in this environment, when it seems like other tech companies are not exactly hiring gangbusters as well right now. >> dom, taz ahat's a good point the employees are among the smartest at the same time, it's a competitive a.i. market. a lot of these companies, including google are asking employees to move back to very expensive locations like the bay area, which even

. >>> google's developer conference kicks off today with the keynote by ceo sundar pichai. a flood of news about a.i. openai may be trying to take some of the wind out of google's sails. the maker of chatgpt revealing a model yesterday that can use voice, emotion and tone across text, pictures and video. openai says the model will be offered for free. >>> uber is expanding its footprint in asia. it is buying the food panda business for $950 billion. uber is looking to complete the deal by next yeear. dom. >> silvana henao, thank you for the headlines. >>> turning back to the broader markets with the dow coming off the first down session out of the last nine. investors are turning attention to chairman jay powell. headlining a busy day of fed speak when he takes the mic at 10:00 a.m. this morning. not before p wwe get the latest read on ppi which is set to tick up from a month ago. consumer pricing are out tomorrow before the opening bell. with that in mind, let's see how europe is shaping up as things are in the early stages of the day so far. arabile gumede is in our londo

deirdre bosa will talk to sundar pichai at 4 woo 30 eastern time. cramer's mad dash coming up after the break. don't go away. >>> it is a packed morning. futures hanging in there. everything between ppi, gme, white house tariffs, google io, we'll get to all that and more. opening bell in 4:30. >>> let's get to a mad dash. give us the two names. >> owings and minor, the ppe company. that's the nation's best. the two giveaways that the president gave you, i could do first solar for seven and do texas instruments for legacy chips. the hardest to get are those two companies. they're both down almost 3% for the year. >> you did it in shorthand. explain what you're talking about. >> big, big tariffs being put on medical products by the president. one of the tariffs is going to be on rubber, medical and surgical gloves. and another syringes and needles. so just buy the company. the biggest problems have been china. a very big win for american manufacturing. we don't know where it ends, but it ends there. they're both very fine companies, very down and very

do not miss my interview with ceo sundar pichai. we'll be talking about that and a whole lot more and reacting to the event happening very soon here. >> good for you. good get. we'll look forward to that 4:30 eastern, deirdre bosa in mountain view for us. don't forget about that interview coming up later on. jimmy, it's your biggest tech position. >> and it's easily -- i find this so easy to own it. whatever the forward multiple looks like, 22, 23 times, they have so many shots on goal here. they have the search business. they have youtube. they have google web services, wamo, everyone is trying it. maybe they'll succeed. they have other moon shots, buying back shares, actually has a dividend, and the whole thing where for many times the last year and a half people have sold the stock saying they're a laggard in a.i. is just preposterous. it's flat-out preposterous. they bought deep mine many years ago. they have the resources. and every time the stock has sold off on perceptions of being a laggard in a.i., it's been a huge buying o

on that note, we are going to be sitting down with sundar pi chie to talk all about what was announced>> we look forward to that. thank you very much, deirdre. where did i last see a guy in a lime green jacket, sitting right across from me, by the way. wed bush's dan ives with us now. >> it was ahead of the presentation. >> ahead of the event. really good. you say there is an ai arms race going on right now. we know who the players are. how is google positioned? and how is it doing? >> i think quickly narrowing the gap versus microsoft and open ai. but this is a huge event. i mean for developers in terms of this game of thrones that's playing out. google really needs to show from a gemini perspective and from ai that they're going to be the ones that actually monetize this. at the same time, that it looks like apple and open ai are going to have the partnership. deirdre talks about the device. what's going to be the ai device. we think it's really going to be the future of the iphone. i think iphone 16, wwdc next month. so they need to make sure -- i think they're doing a good job to s

. >> doing this at this conference sends a clear message to ceo sundar pichai and to google cloud ceohomas kurian that you will be afforded. not a moment of peace. >> starting at nine in the morning, hundreds of pro-palestine demonstrators using this light to shine a spotlight on the big draw of this conference. artificial intelligence. >> i think a lot of the topics were around ai and the new advancements they've made, and it seems pretty impressive. i feel like a lot of the new advancements are pretty interesting, so i'm excited to see how it plays out in my life. >> protesters saying google's selling tech such as project nimbus to israel means death for thousands of civilians caught in the war in gaza. >> there is nothing that would bar the israeli government from using these cloud services for military purposes. >> google is becoming more and more aggressive in their blatant endorsement of and decision to profit off of israeli military settler colonial genocidal violence, demands to cut ties with the idf mirror those made as protesters in april occupied the office of google cloud

by the way, in a mote to employees ceo sundar pichai said well placed policies and expectationses area business and not a place to act in a way that disrupts coworkers or makes them feel unsafe. fair enough. by the way, in response to that some of those fired employees have now filed a complaint with the national labor relations board claiming unlawful realuation. if even though they broke policies. business advisers say it's important for corporations to have very clear employee conduct policies and be consistent in their response if those policies are broken. stu. stuart: thanks, ash. coming up, the irs says it's going to ramp up audits on wealthy taxpayers and corporations. the it's all part of biden's fair share agenda. we have the latest on that from washington. >>> and donald trump this is has laid out a rough timeline of when he'll announce if his pick for vice president. he's reportedly narrowed it town to four people. we've got the list ahead of his donor if retreat in palm beach with. ♪ hit me with your pest shot -- best shot. ♪ why don't you hit me with your best shot. ♪ hi

i mean, if, you know, obviously, people are investing in the s&p sundar 500 through index funds but as long as the ai trade is intact the market can inch higher isn't that good enough >> the markets or the market, the market is really just a handful of really big stocks and, you know, it's interesting because i think steve was hinting at this when he was talking about the demand that we have seen for power, of course, with these data centers and that has fueled some huge runs in stocks that normally wouldn't have seen them we saw visra energy, one of the utilities that has had a huge run and gotten play. starbucks speaks to the weakness there but so does target and cost sensitivity they wouldn't have been out this week talking about cost cuts of 5,000 products if they didn't recognize that consumers are extremely cost conscious right there and now and what you're seeing on the crude oil demand side one, you know, perspective from an options traders point of view, one of the things that people often speak is to the vix. you say okay, the vix is very low, that speaks to complacency and c

because they came out after those gemini blunders and said we're going to make structural changes and sundaraid they're going to make structural changes, and, in fact, that's what we heard on the call we think there are more to come. they're still in a great position there's still a lot they can do to trim and get fit over at google and get the fly wheel going. we are impressed by the agi searches they discussed in the quarter. both the rate at which they're moving to a.i.-enhanced searching but the monetization of those searches coming in at basically the same monetization as they're seeing in core search they're going to be a dog in this hunt. remember what i say, scott, it's not that google can't compete. it's simply they've enjoyed a 99% monopoly on search and search monetization over the course of the last decade, and now they're going to have competition -- competition from apple and meta and chatgpt, et cetera i just think we ought to be eyes wide open to that fact, but, listen, google is moving in the right direction. google cloud re-accelerated in the quarter. and so i'm going to co

. >> doing this at this conference sends a clear message to ceo sundar pichai and to google cloud ceokurian that you will be afforded. not a moment of peace. >> starting at nine in the morning, hundreds of pro-palestine demonstrators using this light to shine a spotlight on the big draw of this conference artificial intelligence. i think a lot of the topics were around ai and the new advancements they've made, and it seems pretty impressive. >> i feel like a lot of the new advancements are pretty interesting, so i'm excited to see how it plays out in my life. >> protesters saying google's selling tech, such as project nimbus to israel means death for thousands of civilians caught in the war in gaza. >> there is nothing that would bar the israeli government from using these cloud services for military purposes. >> google is becoming more and more aggressive in their blade endorsement of and decision to profit off of israeli military settler colonial genocidal violence demands to cut ties with the idf mirror those made as protesters in april occupied the office of google cloud's ceo, a

. >> doing this at this conference sends a clear message to ceo sundar pichai and to google cloud ceo thomas kurian that you will be afforded. not a moment of peace. >> starting at nine in the morning, hundreds of pro-palestine demonstrators using this light to shine a spotlight on the big draw of this conference artificial intelligence. i think a lot of the topics were around ai and the new advancements they've made, and it seems pretty impressive. >> i feel like a lot of the new advancements are pretty interesting, so i'm excited to see how it plays out in my life. >> protesters saying google's selling tech, such as project nimbus to israel means death for thousands of civilians caught in the war in gaza. >> there is nothing that would bar the israeli government from using these cloud services for military purposes. >> google is becoming more and more aggressive in their blade endorsement of and decision to profit off of israeli military settler colonial genocidal violence demands to cut ties with the idf mirror those made as protesters in april occupied the office of google cloud c

. >> you see there senator james langford and sundar, it's great to have you on the show.come for the first time. you said that you will vote no on this bill, even though of course we all know about the efforts that you put into it, why are you voted no on thursday is no longer a bill now it's a prop we spent four months sitting down in a bipartisan way to be able to work out. what do we think we can actually get passed? obviously, i was not successful in getting something. i can actually get past the problem still remains everyone knows that this bill is not going to pass and senator schumer's bringing back up to try to bludgeon people. but what will be interesting on it is you're not going to have republicans are going to vote for it the same. republicans didn't vote for our last time. but i expect there'll be more democrats that will vote against at this time as well when it stand alone, there were some democrats had said, i'm not going to vote for it if it doesn't have daca doesn't have a amnesty of doesn't have all those things they wanted they were willing to vote fo

deirdre bosa talking to sundar pichai on our air.lexity said, in a world where everyone doesn't have to click on links, the biggest loser is google. >> i know. that is a very controversial thing. the other day, i was looking up -- david, you'll like this because it's very much what is going on in the world. i was doing -- i'm doing a long take on billionaires, and i'm including barry sternlicht because some of his spacs have been suboptimal. you go to google and google the spacs. you get nothing. you go into chatgpt and say sternlicht spac, and you get a list of every spac, stock symbols, how they're doing. it's like, oh my god. that is like having five researchers. >> yeah. it's an interesting moment for alphabet. we've been talking about it for some time. the existential crisis that we sort of sensed might be coming was resolved very quickly by investors, and they seem to say, yeah, no such crisis here. you can see that little down move earlier in the year. i think that was sort of it. it's been straight up since because there is a

sundar pichai said assuming current conditions, job cuts would be smaller in scale. >>> coming up oner side of the break, smoking in casinos may soon be a thing of the past. i'm surprised. contessa brewer has that story we will go to her next on that. >>> later, quarterly results from warner bros. discovery and those of you with kids, roblox earnings we're coming back after this >> announcer: executive edge is sponsored by at&t business next level moments need the next level network. to start a business, you need an idea. it's a pillow with a speaker in it! that's right craig. a team that's highly competent. i'm just here for the internets. at&t it's super-fast. reliable. you locked us out?! arrggghh! ahhhh! solution-oriented. [jenna screams] and most importantly... is the internet out? don't worry, we have at&t internet back-up. the next level network. i sold a pillow! >>> good morning welcome back to "squawk box" live from the nasdaq market site in times square. getting ready to lit up a signific cigarette here in a second. >> that's the point. you're not allowed. >> do you not rea