overhaul of its targeting position joining us with big positions in big tech is noted tech investor, bill nygrens. equities ceo for harris associates, more than $16 billion under management bill, welcome back good to see you again. >> thank you, carl >> what do you make when you wake up in the morning and you find that this fine has come down, even though partly expected has it truly become the cost of doing business for some of these global players >> well, i hope it isn't just the cost of doing business, but when you look at the scale of the fine relative to what we think alphabet is worth or its current market cap, it comes to something like a tenth of 1% so clearly they can handle this. but i think the important part about the positive case for alphabet is just the strong tailwind of more and more advertising moving online and alphabet's in a perfect position to capitalize on that. >> what did you make of staidya yesterday, and how should investors start paying more attention to their playing in the game space >> well, i'm certainly not an expert on the gaming space, but i think it's an exam

. >> when we come back, the eu is slapping google with that $1.7 million fine bill nygren of oak markposition. does he really care? find out next on "squawk alley." the future of technology investing lies beyond the tech sector. it's about technology transforming every sector. ♪ at pgim, our bottom-up approach uses a technology lens to identify long-term winners. from energy... to real estate... to retail. finding such opportunities for alpha is the true value of active investing. and around the world, you have a partner in that pursuit. pgim: the global investment management businesses of prudential. the global investment management ♪ just hold on, i'm comin' ♪ hold on, i'm comin' ♪ hold on ♪ don't you worry, i'm comin' ♪ here i come >>> good morning it's 8:00 a.m. at apple headquarters in cupertino, california, 11:00 a.m. on wall street and "squawk alley" is live ♪ ♪