the tech giant co-founder larry paige will head up alphabet. and finally, w is for wall street. google will now be traded as alphabet and investors have welcomed the news as stocks began trading. delano: here's another look at other news. jaguar, is care currently carrying out a feasibility study. it wants production at the plant to reach 300,000 cars per year. it would push jaguar land rover further away from the british plant. and a company will roll out a new travel website that will offer price comparisons. ryanair doesn't wish to remain dependent on third-party sites. the website is expected to launch this you a tom. and uber, the company's offices were raided in hong kong this tuesday. the move comes after five drivers were arrested by police officers posing as customers. the drivers are suspected of illegally carrying passengers and driving without insurance. uber, meanwhile, says it ensures all rides are covered by insurance and stands by its driver's -- drivers 100%. now, russia says it will add seven new countries to its ford import ban list. russia has banned ford imp

that is run by larry paige and will oversee a number of companies, one of which is google, a slimmed-down google with new ceo. google, the slimmed-down version, will focus on the boring money making stuff like search. that leaves room to branch out and spin off other companies like a company to make driverless cars, in other words, the sexy, more risky ventures. investors love the idea. they love google stock and google will focus on making money. shares up sharply tonight in after-hours trading. as for how today's move will affect you, the google user, not much once we figure out what to call everything. you'll still search, use google map, essentially it gives alphabet the chance to move other companies, personnel and money around, but you shouldn't notice that much of a change. >> big news from google and alphabet. thank you, scott. >>> how about twitter now. shares rebounding from an all-time low, thanks primarily to this tweet. take a look. interim chief executive jack dorsey tweeted that he bought more than 31,000 shares of twitter today for roughly $875,000. twitter shares, upon th

i can't remember which one that google is not interested that larry paige couldn't care a less. liz: i believe that was the information in the block. they are respectful. >> very respectful and the guy that wrote it is a longtime tech reporter. wasn't quite an investigative report. liz: it was an opinion. >> a tweet. we should point out one of the notions why google is not interested in twitter. they have a joint venture with twitter now and almost do the same stuff with twitter, not exactly like twitter. liz: why pay the cow when can you get the milk for free? >> exactly. i will say this, though, the stock went down, and that's why watching this daily is interesting. you should as an investor in this stock, you have to look at twitter going down further before you make the play that this thing is in play and someone is going to pay a premium. liz: why two weeks ago, you and i sat here with jeff green, the billionaire who shorted it. we agreed $33 a share is interesting. now you're saying 25? liz: it's at $28.55. >> it has to go below 25 when people say they'll take the chance t

so i had dinner with larry paige, and we started comparing notes. it dawned on me that all this competition on paper writing, they had to draw the arc to what i really cared about, which was changing people's lives. it required people to read my papers and like them and implement them. but the papers weren't very good, so not enough people read them. so i went to google to learn how to influence the world. i started as a middle manager and worked my way up. more recently i was building up google x, and we did all kinds of things like balloons in the stratosphere, to contact lenses to detect plug sugar, learning smart things. and then we put this palace out on artificial intelligence at stanford a few years ago. i happened to teach on the side still. we put this e-mail out saying you could take this class for free. we had a 160,000 students sign up. with all these machines that eventually replace people, who really cares about the people as opposed to the machines? i felt education is the thing. you can make machines smarter and they are going to tak

larry paige becomes the chief executive of alphabet -- underneath the men will be a variety of chief on sun da. it will be supervised by bren and paige. will it work? well, no one should ever underestimate google, either in the corporate, the technological or the financial world. they've had tremendous success with google itself, with youtube, google maps, with corporations, you only remain successful if you make yourself uncomfortable. richard quest, cnn, new york. >>> now, if you've been out and about, have you felt that there's just too many people around? too crowded on public transportation? >> especially in new york. >> additional 3.9 billion people will eventually be added to the world's population. we will explain. >> more the merrier. >>> a woman who wechbts from running a world famous modeling agency to fighting human trafficking. hi my name is tom. i'm raph. my name is anne. i'm one of the real live attorneys you can talk to through legalzoom. don't let unanswered legal questions hold you up, because we're here, we're here, and we've got your back. legalzoom. legal help is

if you have larry paige and sergei brim and eric schmidt and david drummond, and the father of the googleiness model that's done so well now running alphabet, are they going to spend less money or perhaps are they going to spend more? we'll have to wait and see. investors excited about it. >> i'm glad you put it that way. >> stay right there. google shares up 4.5%. we talk to a google shareholder, he joins us now. good to see you. do you agree with john suggested that this may ultimately end up costing shareholders a lot of money? >> they're not berkshire hathaway here. what they've done is stripped out this great business and put all the crappy ones over on the left here and called it alphabet. i don't know if they're branding people had any say in this. alphabet is a goof ball name. nevertheless, why not focus on google and youtube? they did promote somebody who i think will do a great job. that's great. all the top executives just want to play games with all their moon shots, take the company's profit and plow it into money-losing businesses. i'm not happy about that. >> i'm curious, h