but the yuan cut could be could be welcome to apple suppliers, foxconn and pegatron. most of them pay most of their workforce in yuan and sell in u.s. dollars. devalue might boost gross margins for both companies even in the face of slowing iphone sales in china. up next, could offer that -- could alphabet go on a buying spree? plus, should amazon or facebook take a page out of alphabet 's playbook? are they already? ♪ emily: welcome back to our bloomberg west special on alphabet, google's new parent company. i spoke to hugo barra, former googler and a former front man for android. hugo: google could make large acquisitions. not only in businesses that are directly related to what google has today, but why not enter an entirely new areas? not only moonshot-type investments, but there is nothing stopping google with this option they accreted operations focused businesses if they want to. emily: for more, i am joined by bryan weiser in portland. and my guest redstone. -- brad stone. alphabet now has $70 billion on its balance sheet to spend. how would they spend it? om,