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the public face of google has been its current ceo, sundar pichai.s announcement makes it absolutely clear mr paige and mr brin aren't running the company anymore. however, while the pair are a p pa re ntly anymore. however, while the pair are apparently relinquishing managing —— management duties, it won't mean giving up their ultimate power. between them they control 51% of the voting rights on alphabet‘s board. that won't change. they like their role to being proud parents of the company looking on with close interest and care. it means, should they feel the need, they can override an the decision of any decision sundar pichai makes with little more than a parental because we said so. so, what's the reaction been in india to sundar pichai becoming the most powerful indian in business? let's go live to suranajan tewari in mumbai. he is already a star. but this escalate that even further. absolutely, sally. and if the former ceos are calling themselves parents, sundar pichai is very much the child of india. he embodies the modern american dream in s
the public face of google has been its current ceo, sundar pichai.s announcement makes it absolutely clear mr paige and mr brin aren't running the company anymore. however, while the pair are a p pa re ntly anymore. however, while the pair are apparently relinquishing managing —— management duties, it won't mean giving up their ultimate power. between them they control 51% of the voting rights on alphabet‘s board. that won't change. they like their role to being proud parents of the...
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Dec 3, 2019
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as thee sundar pichai one.: sundar pichai, running google, basically the most profitable part of alphabet. futuristic,t, the moon shot bets. that no one is really expecting to be profitable anytime soon. he was the one running the business that shareholders cared about. you have to wonder, larry page was not exactly a visible spokesperson for google the last several years, or for alphabet for that matter. he was not the face of the company the way that, say, mark zuckerberg is the face of facebook. sundar was the one you've heard on the conference calls, really drilling the message. he became ceo in 2015 and the response was initially positive. shares have basically doubled since he has been at the helm. stockfter hours, the picking up just a little bit. pretty marginal move. the reason it will be marginalized because he has been running the core business. nonetheless, a little bit of an uptick. maybe the simplification of the management structure. expectation of more cost discipline. course, may be some expect
as thee sundar pichai one.: sundar pichai, running google, basically the most profitable part of alphabet. futuristic,t, the moon shot bets. that no one is really expecting to be profitable anytime soon. he was the one running the business that shareholders cared about. you have to wonder, larry page was not exactly a visible spokesperson for google the last several years, or for alphabet for that matter. he was not the face of the company the way that, say, mark zuckerberg is the face of...
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on the horizon pichai has work cut out."nightly business report," deedra bosa, san francisco. >>> campbells rorpts soupy spaems. and that's where we begin the market focus. fewer nameup sold sake products in the recent quarter but the company did see crease in the share of the soup market. for the first time in 10 quarters. and its earnings came in better than expected. enough to left t stock rose about 2% to 48.47 hitting a 5152-week high during the >>> expedia is replacing the ceo and cfo following a stratsay eement with the board of directors. earlier this year expedia sought to unite bronzed including or bits, hotels.com and v the rbo but the chairman of the board said it led t disappointing results. shares were up. >>> constellation brands sold the ballast point craft bear unit to a iinois brewery for an undisclosed amount. buyingallast point in 2015 for a record $1.0 billion. the deal is believed to be below that amount as the market for craft beer slowed. shares off a fraction t 184.29. >> g 3 apparel group missesa s
on the horizon pichai has work cut out."nightly business report," deedra bosa, san francisco. >>> campbells rorpts soupy spaems. and that's where we begin the market focus. fewer nameup sold sake products in the recent quarter but the company did see crease in the share of the soup market. for the first time in 10 quarters. and its earnings came in better than expected. enough to left t stock rose about 2% to 48.47 hitting a 5152-week high during the >>> expedia is...
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arguably, sunder pichai would agree.g this transition will not affect the alphabet structure or the work we do day-to-day. i will still be focused on google and doing the same work and pushing the boundaries in computing. what changes for him really tomorrow morning? mark: i will take the opposite argument. four years ago, they put out alphabet. it was big on autonomous driving, all these ambitious fields outside of google. nest was one of the big companies. you fast forward four years and nest is back inside google. google fiber has all but collapsed. waymo, way more critical on the progress they have made on self-driving cars. the biotech investors are decades out. in return, not something sunder has had experience in. there is something about -- there is something almost symbolic about the fact the founders who set the tone and culture for this company for 20 years have receded and now officially stepped away. so, i think there are a lot of open questions about the rest of alphabet outside of google that now sunder ha
arguably, sunder pichai would agree.g this transition will not affect the alphabet structure or the work we do day-to-day. i will still be focused on google and doing the same work and pushing the boundaries in computing. what changes for him really tomorrow morning? mark: i will take the opposite argument. four years ago, they put out alphabet. it was big on autonomous driving, all these ambitious fields outside of google. nest was one of the big companies. you fast forward four years and nest...
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the big question is pichai the mild mannered engineer turned manage up for a fight.t into the next decade? regulatory challenges here and in europe are mounting employee activism is on the rise and privacy practices are under fire just to name a few. we have had glimpses of him in this role. last year in questioning he was evasive on some of the most controversial issues like china and data privacy he's quietly made changes to google's culture reducing the frea frequency of all hands meetings. still he is relatively untested when it comes to the type of battles that certainly other big tech ceos like zuckerberg and cook have been fighting. next year is an election year with no shortage of opportunities for missteps there's also, guys, the key issue of control while pichai gets the title, larry page and sergey brin are still alphabet's biggest individual shareholders and still retain all actual control through their majority voting power. do they still have the accountability now under this new structure? also if page and brin don't like what he does with the moonshot
the big question is pichai the mild mannered engineer turned manage up for a fight.t into the next decade? regulatory challenges here and in europe are mounting employee activism is on the rise and privacy practices are under fire just to name a few. we have had glimpses of him in this role. last year in questioning he was evasive on some of the most controversial issues like china and data privacy he's quietly made changes to google's culture reducing the frea frequency of all hands meetings....
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sundar pichai is from tamil nadu in india.bout this rising star in the corporate world. he is 110w star in the corporate world. he is now probably one of the most powerful indian businessmen in the corporate world. that's right, rico. he really embodies the modern american dream for many indians. busily many indians working in the it sector, in technology. he is someone it sector, in technology. he is someone who studied here in india at the indian institute of technology. a widely reputed institution and then went to america and rose up the ranks. he is widely credited with creating google chrome, something many indians are familiar with. now he is leading one of the biggest technology companies if not the biggest technology company in the world. sundar pichai also has deep roots in india. it comes back to visit. he was here earlier in the year to celebrate women's day. that is because he really promotes women working in technology and helping girls code, for example, in order to get them into the market. it is widely expecte
sundar pichai is from tamil nadu in india.bout this rising star in the corporate world. he is 110w star in the corporate world. he is now probably one of the most powerful indian businessmen in the corporate world. that's right, rico. he really embodies the modern american dream for many indians. busily many indians working in the it sector, in technology. he is someone it sector, in technology. he is someone who studied here in india at the indian institute of technology. a widely reputed...
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. >> larry page stepping down as alphabet ceo sundar pichai ceo both of google and alphabet in terms of day to day unlikely to see major changes which is why you may missouri not see a lot of change in the alphabet stock. under google umbrella pichai ran advertising cloud devices, software he has been ceo since august of 2015 since then alphabet stock has soared relative broad are market but underperformed wig tap peerings remember the split from alphabet to google. alphabet was the place where the moon shot including way missouri, self-driefgt stores internet balloons and health care projects. perhaps the question now is what happens to those money-losin initiatives? will we see more financial zmin under pichai and ruth porat from wall street mo has been known for financial dplin. as pichai steps up does he step away from those and the traditional businesses like advertising paying for them. >> deirdre bosa wove been tweeting over this news when it broke. what do you make of this, karen? >> well, i think it shouldn't be a huge change. i mean, this is a very big -- the largest positi
. >> larry page stepping down as alphabet ceo sundar pichai ceo both of google and alphabet in terms of day to day unlikely to see major changes which is why you may missouri not see a lot of change in the alphabet stock. under google umbrella pichai ran advertising cloud devices, software he has been ceo since august of 2015 since then alphabet stock has soared relative broad are market but underperformed wig tap peerings remember the split from alphabet to google. alphabet was the place...
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and pichai clearly has a vision for that. have to deal with something, and this is the news of the day, we've got the nato summit going on right now and president trump coming out specifically yesterday and saying why am i going to let the french tax u.s. tech companies, if anybody is going to tax them, it's going to be me. that's pretty close to his words yesterday. pichai has to handle this now, deal with regulators on both sides of the pond. >> he's been pretty adept at doing that. he doesn't create the controversy that a lot of the other founders do, just by saying something or saying the wrong thing. we've seen that with mark zuckerberg and others. that founders glow brings a lot of attention and a lot of sort of scrutiny. cheryl: can he handle the regulation? can he handle regulators? >> yeah, i think he can. i think he's very good at balancing what the company needs to say, what it needs to do, but also sort of pus pushing forwar. he makes tough decisions. he pulled out of working with the defense department because hi
and pichai clearly has a vision for that. have to deal with something, and this is the news of the day, we've got the nato summit going on right now and president trump coming out specifically yesterday and saying why am i going to let the french tax u.s. tech companies, if anybody is going to tax them, it's going to be me. that's pretty close to his words yesterday. pichai has to handle this now, deal with regulators on both sides of the pond. >> he's been pretty adept at doing that. he...
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given the career change with sundar pichai, given your exposure to tech and services companies. >> we has been a lot of confusion with changes like this, you put sundar in charge of all of the umbrella may lead to more focus. as the another guests mention, so much cash on the balance sheet. in parts of the story that are so much more valuable than the parts that make money. >> tim lesko, thank you for your thoughts >>> coming up, saudi aramco surging ahead. new big numbers coming up next spotify reveals the top streamed artist of this past decade who took home that title and other stories you'll be talking about later in the day ahead stay tune to "worldwide exchange." they changed how the world fights cancer. blocking the pd-l1 protein, lets the immune system attack, attack, attack cancer. pd-l1 transformed, revolutionized, immunotherapy. pd-l1 saved my life. saved my life. saved my life. what we do here at dana-faber, changes lives everywhere. everywhere. everywhere. everywhere. everywhere. doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can f
given the career change with sundar pichai, given your exposure to tech and services companies. >> we has been a lot of confusion with changes like this, you put sundar in charge of all of the umbrella may lead to more focus. as the another guests mention, so much cash on the balance sheet. in parts of the story that are so much more valuable than the parts that make money. >> tim lesko, thank you for your thoughts >>> coming up, saudi aramco surging ahead. new big numbers...
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google's ceo sundar pichai will now run both tech firms.ision was prompted by the artists themselves, who declared themselves a collective. they said that they wanted to make a statement of solidarity and multiplicity.
google's ceo sundar pichai will now run both tech firms.ision was prompted by the artists themselves, who declared themselves a collective. they said that they wanted to make a statement of solidarity and multiplicity.
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. >> strategically, what are the big questions that sundar pichai has to answer for google or parentthink when you think about google, they're actually a very interesting company in that there are a lot of different products on the horizon, potentially, that could be interesting. obviously, autonomous driver, there's a massive market for that and so, that's something you really need to think about when it comes to them the other thing is, you associate google with the cloud. but when you look at the cloud market if you take amazon, microsoft, and google and add them together, day do about $50 billion worth of revenue in the cloud. the problem is -- amazon is twice the problem as microsoft and amazon is eight times the size of google that's one of those other things that they'll have to really deal with, all right, how do we get bigger and stronger in that? and they're also obviously trying to do their own phones, et cetera. a lot of these businesses have lower margins. so there's going to have to be some bounce in between the two but obviously, google is one of the greatest companies
. >> strategically, what are the big questions that sundar pichai has to answer for google or parentthink when you think about google, they're actually a very interesting company in that there are a lot of different products on the horizon, potentially, that could be interesting. obviously, autonomous driver, there's a massive market for that and so, that's something you really need to think about when it comes to them the other thing is, you associate google with the cloud. but when you...
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pichai. melissa: i know who the guy is. his name is hard to say. no longer need two ceos and a president. going forward sundar will be the ceo and president. connell: interesting. melissa: royal family reeling from yet another damaging interview. while new details are surfacing over prince andrew's ties to jeffrey epstein. fox news's brian llenas in the newsroom with more. reporter: melissa a royal scandal not going away. two weeks after the prince andrew told the bbc he did not recall meeting virginia guiffre. she fired back that andrew had sex with her on three different occasions when she was just 17 years old. guiffre claims as a sex slave for jeffrey epstein she was trafficked to prince andrew. >> i implore people of the uk to stand up with me, help me fight this fight. not accept this as okay. this is not some sort of sex story. this is a story of being trafficked. it was a kicked time of my life. it was a scary time of my life. i had been abused by a member of the royal family. reporter: guiffre called her first sexual encounter with the pri
pichai. melissa: i know who the guy is. his name is hard to say. no longer need two ceos and a president. going forward sundar will be the ceo and president. connell: interesting. melissa: royal family reeling from yet another damaging interview. while new details are surfacing over prince andrew's ties to jeffrey epstein. fox news's brian llenas in the newsroom with more. reporter: melissa a royal scandal not going away. two weeks after the prince andrew told the bbc he did not recall meeting...
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sunder pichai takes over as chief executive. this is "bloomberg: survei
sunder pichai takes over as chief executive. this is "bloomberg: survei
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it's sundar pichai ready and able to do that?listair: i think he is from a technology point of view. if someone asks sundar pichai a super complicated question about what data google uses, how is it protected, he will know all of that stuff. he was partly behind building all of that stuff. technically, he is great. on the showing up for congressional hearings, that is not something he really loves to do. he's quite a quiet and thoughtful person. i don't think he enjoys being asked things live one the whole -- when the whole world is watching in a sort of contentious situation. but, he certainly can do it. when you compare it to larry page, really does not want to do any of that stuff, that is really the comparison to make. earlier this year, as scrutiny ramped up on google, larry page, everyone said, this decision today addresses that, larry does not have to be there anymore. taylor: as you take a look at the company, he is running both google and alphabet. what could be some of the challenges now with the other two being on the
it's sundar pichai ready and able to do that?listair: i think he is from a technology point of view. if someone asks sundar pichai a super complicated question about what data google uses, how is it protected, he will know all of that stuff. he was partly behind building all of that stuff. technically, he is great. on the showing up for congressional hearings, that is not something he really loves to do. he's quite a quiet and thoughtful person. i don't think he enjoys being asked things live...
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if they're not comfortable with something they will still out vote pichai. outsiders are saying not surprised by the changing and the timing. google employees have been speaking out against some of the company policies so there is some controversy here. looks like the cofounders are stepping away from that but let me tell you this. elizabeth warren tweeting about this just today saying congrats on the move, larry page. quick reminder, we do still expect you to testify before congress and changing your title while staying on the board and retaining a effective control of it will not pelt you from accountability. charles? charles: elizabeth warren, you can hide but you can't run, that is whoo she is saying. thank you very much, jackie. alphabet change in leadership coming from high scrutiny for silicon valley in general. talking about consumers, unions and workers. they're not as hip and cool they used to be. remember cool kids do no harm, got a free pass. i want to bring mike and phil to discuss this. google shares are up on this news, few years ago they were
if they're not comfortable with something they will still out vote pichai. outsiders are saying not surprised by the changing and the timing. google employees have been speaking out against some of the company policies so there is some controversy here. looks like the cofounders are stepping away from that but let me tell you this. elizabeth warren tweeting about this just today saying congrats on the move, larry page. quick reminder, we do still expect you to testify before congress and...
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coming up, alphabet in the new year with sundar pichai officially at the helm. bloomberg. ♪ taylor: this is "bloomberg technology." i'm in for emily chang. it was a shocking change at the top, stepping down from their role at the parent company alphabet in early december. a new ceo has taken over. we also have mark, who covers the company for us. ago when they announced alphabet, when the dust settled, it was obvious at pichai,nt, sundar google is 99% of the revenue for alphabet. , someone said it gives corporate structure to its reality. >> what changed for you a few hours ago? >> nothing at all. sundar has done a great job. well.ock is doing very it typically does well in on years and doesn't do as well in even years. performing, the relatively -- doing relatively well. can you imagine if you founded the company 20 years ago and you are worth over $50 billion and you are -- there is a super capable person in charge? there's a lot of other things they get to explore. i don't think anyone is surprised. other things in life to do with $50 billion. taylor: do you
coming up, alphabet in the new year with sundar pichai officially at the helm. bloomberg. ♪ taylor: this is "bloomberg technology." i'm in for emily chang. it was a shocking change at the top, stepping down from their role at the parent company alphabet in early december. a new ceo has taken over. we also have mark, who covers the company for us. ago when they announced alphabet, when the dust settled, it was obvious at pichai,nt, sundar google is 99% of the revenue for alphabet. ,...
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they'll still be board members and the company's largest arehd asked sundar pichai the ceo to take overely, the whole kit and kaboodle. up to now larry and sergey were in charge over all. really the end of an era. the pair started the group at stanford called page rank. 20150 pichai was in charge of google, alphabet as the umbrella over the operation, things like self-driving cars and as of yesterday pichai is in charge of the whole operation as ceo of google and alpha bet. the two founders wrote would be a young adult of 21 and it would be time to leave the roost." >> they're staying at home longer now. true. especially in this area. >> the boys own a 757, their own wide-bodied jet over there at moffitt outfitted with hammocks of all things. if i had a 757 i don't think i'd show up for work all the time. i'd be out traveling the world myself. gle but there ication, how g would be a whole list of things i'd do. >> time to retire. >> i agree. >>> a lot of people like coffee. going to sjc, we'll tell you automation, yes, it's there. check out this brand new robotic coffee bar at san franc
they'll still be board members and the company's largest arehd asked sundar pichai the ceo to take overely, the whole kit and kaboodle. up to now larry and sergey were in charge over all. really the end of an era. the pair started the group at stanford called page rank. 20150 pichai was in charge of google, alphabet as the umbrella over the operation, things like self-driving cars and as of yesterday pichai is in charge of the whole operation as ceo of google and alpha bet. the two founders...
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larry page and sergey brin step back with sunder pichai taking the reins.hery: we are counting down to gdp, trade and retail data from australia. it may offer a mixed picture of the economy. ahead of all those numbers, let's take a look at how australian markets are kicking up trading. what are you seeing? sophie: investors taking their cue from the pullback we saw on wall street. ozzie shares up a share of 1% after losing more than 2% on tuesday which was the worst session for the asx 200. we have seen some upside but little change for the s&p. aussie bonds tracking the overnight rally that we saw in treasuries. the aussie 10 year yield falling as much as 11 basis points ahead of australia's third-quarter gdp report. checking in on the offshore yuan. breaking through a support level for the currency, propping the 100 day moving average to fall to the lowest level in more than a month. volatility is going up. pulling up this chart, i want to show you this picture as we are seeing the offshore yuan two-week vol continuing to surge. that is the blue light on
larry page and sergey brin step back with sunder pichai taking the reins.hery: we are counting down to gdp, trade and retail data from australia. it may offer a mixed picture of the economy. ahead of all those numbers, let's take a look at how australian markets are kicking up trading. what are you seeing? sophie: investors taking their cue from the pullback we saw on wall street. ozzie shares up a share of 1% after losing more than 2% on tuesday which was the worst session for the asx 200. we...
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we now have seen our pichai, clear man in charge. try -- sundar pichai. and sergey have been receding from public view. rollback ofesent a the alphabet structure, putting one person in charge. i think the streets reacting the way they did because they think to dart will bring some discipline to those far off debts. most of them pretty well but not a lot to show for the others. as we transition from the business back to the iunder, one said frankly if were worth $50 billion, i, too would just take a leave and just had an island somewhere. you have been following them. what is their story? >> actually $60 billion. and they have seen a pay bump. in the past few days after the news, shares rose 3%. that means one point $6 billion for each of the founders, larry page and sergey brin. that does not mean that much because it is all still held enough about stock. it is only going to mean money they can spend if they start selling stock, which is what we will be watching. taylor: we talk about now, he has taken over alphabet and google. what will be the biggest ta
we now have seen our pichai, clear man in charge. try -- sundar pichai. and sergey have been receding from public view. rollback ofesent a the alphabet structure, putting one person in charge. i think the streets reacting the way they did because they think to dart will bring some discipline to those far off debts. most of them pretty well but not a lot to show for the others. as we transition from the business back to the iunder, one said frankly if were worth $50 billion, i, too would just...
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workday also reported along with sales force after the bell >> the opposite of pichai taking over thegle alphabet here, neil burberry delivers a great quarter, but gives you guidance that jeffries i think correctly calls a head scratcher. piper says a growth of moderation, bank of america, merrill says conservative guidance i myself was confused. i read the quarter twice neil bushry, an unbelievable job and he talks -- he brought scout against a company that i had on last night that is a procurement company call eed kupa and i came away saying, wait a second, is this all there is has neil lost a step are they not winning big names he is conservative he is a brilliant operator but the conference call was not up to a neil bushry snuff. i felt after it that maybe there is -- maybe more competition in some areas he's in a lot of companies -- one of the things that happened, david, take crowd strike, people are going in against them, z-scaler, people are going -- you're now seeing a lot of companies starting to get other companies encroaching. i felt that workday, you didn't hear aboutorac
workday also reported along with sales force after the bell >> the opposite of pichai taking over thegle alphabet here, neil burberry delivers a great quarter, but gives you guidance that jeffries i think correctly calls a head scratcher. piper says a growth of moderation, bank of america, merrill says conservative guidance i myself was confused. i read the quarter twice neil bushry, an unbelievable job and he talks -- he brought scout against a company that i had on last night that is a...
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seems like they've seen sundar pichai assuming the role as one that would lead to brighter future for company you know, also in terms of valuation, seems like that's another thing that they look at as being a net positive. >> the other element, facebook in check by the hsbc call that says 40% of market cap could be at risk. definitely some barbell strategies involving faang today. >> there are as you mention, there's that overhang, concern. facebook is already spending a ton of money on what they say is mitigating some risk, trying to protect the election cycle in the u.s. if they're reasonably successful in that, no new cambridge analytica, does the market look at the stock as being undervalued and does getting past 2020 become a lot of up side for them. let's move on and talk tesla it is day three of elon musk's defamation trial out in los angeles over his now infamous tweet. the headline making waves is one over his financially illiquid comment. henry blodget joins us at post nine and stephanie meta, getting miked up glad to have you with us henry, i'm not sure how much this cash t
seems like they've seen sundar pichai assuming the role as one that would lead to brighter future for company you know, also in terms of valuation, seems like that's another thing that they look at as being a net positive. >> the other element, facebook in check by the hsbc call that says 40% of market cap could be at risk. definitely some barbell strategies involving faang today. >> there are as you mention, there's that overhang, concern. facebook is already spending a ton of...
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pichai has proved himself here as pretty capable.l: on the heat of the washington hearings, flawlessly. he took all-comers. we'll see what happens. jackie, thank you very, very much. so the search engine shakeup is coming as antitrust probes and criticism over business ties in china ramps up. remember all the pressure on facebook and all the problems going on with other tech titans through no fault of their own or laws sy interviews in the media, find themselves ease targets. market watch tech editor jeremy owens, what to make of all of that. it does seem to be open season on these guys. what do you make of it, jerry? >> they kind of deserve it one way. there is the problem that the government does not set any base rules for them. google says we'll take rules. if you want to establish some things, we'll live up to it. i think this is not exactly related to all of the regulatory issues and all of the pressure that has gone on there but i'm sure larry is going to feel great about getting away from that a little bit. neil: i'm wondering
pichai has proved himself here as pretty capable.l: on the heat of the washington hearings, flawlessly. he took all-comers. we'll see what happens. jackie, thank you very, very much. so the search engine shakeup is coming as antitrust probes and criticism over business ties in china ramps up. remember all the pressure on facebook and all the problems going on with other tech titans through no fault of their own or laws sy interviews in the media, find themselves ease targets. market watch tech...
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sunder pichai takes over as chief executive. this is "bloomberg: surveillance." yesterday, we saw a selloff on the back of the president trump press conference here in nato. let's get that board up for you to look at your markets. , they are treasuries extending gains. i am also looking at shares in asia. stocks in europe edging higher. i am looking at that vote in the u.s. house. and what that means for sentiment on your markets. coming up, a conversation with london's mayor sadiq khan. first, let's get straight to first word news in new york city. >> she simply did not have the resources to keep running. ,his, from kamala harris suspending her campaign for the democratic residential nomination. -- presidential nomination. she had a strong start but her campaign failed to catch on. opec plus sending mixed signals about output. iraq's oil minister reiterated his view cartels should deepen cuts. an earlier technical meeting ended without any discussion of steeper cutbacks. >> there are a number of key members, yes, they want to do that. addition toels in the 1.2.
sunder pichai takes over as chief executive. this is "bloomberg: surveillance." yesterday, we saw a selloff on the back of the president trump press conference here in nato. let's get that board up for you to look at your markets. , they are treasuries extending gains. i am also looking at shares in asia. stocks in europe edging higher. i am looking at that vote in the u.s. house. and what that means for sentiment on your markets. coming up, a conversation with london's mayor sadiq...
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Dec 4, 2019
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google ceo sundar pichai will take over as alphabet ceo in addition to his current role. holiday ad shows husband giving a peloton bike to his wife and many people across social media saw the ad as sexist. >>> and fans of baby yoda may be disappointed this holiday season. the doll version of the men delorean serious character will not be available until next year. showrunner told entertainment tonight the delay is deliberate . releasing the twin out could spoil secrets and they were made available yesterday for preorder. that's her cbs money watch report. for more had to cbs when.com look at the new york stock exchange, i'm diane king hall. >>> let's get a check of your forecast but will get a break but not this morning. >> that rain keeps coming down for a so grab your umbrella, your rain jacket, raincoats, you will need at this morning as we are looking at a wet start to the day. let's show you this first ticket heading out the door, give yourself extra time because we are looking at light to moderate rain pushing across the bay area. first, i will show you the golden g
google ceo sundar pichai will take over as alphabet ceo in addition to his current role. holiday ad shows husband giving a peloton bike to his wife and many people across social media saw the ad as sexist. >>> and fans of baby yoda may be disappointed this holiday season. the doll version of the men delorean serious character will not be available until next year. showrunner told entertainment tonight the delay is deliberate . releasing the twin out could spoil secrets and they were...
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the founders of alphabet give thunder pichai the reins, ending their attention to turn their company into the warren buffett of tech. welcome to bloomberg daybreak. i am alix steel. the markets whiplash to earlier today on that headline that bloomberg roque that perhaps -- broke that we are still inching toward a tree deal. we saw a huge decline in equities and the bond market. we are reversing that a touch, futures up by .5%. 10 year yields are up by two basis points. yesterday we saw the biggest drop in 10 year yield since may 2018. it is time for global exchange. we bring you today's market moving news from around the world, from hong kong to vienna to u.k. and to washington. we are on the ground with all this morning's top stories. the u.s. and china are moving closer to agreeing on the amount of tariffs that would be rolled back in a phase i trade deal according to people familiar with the talks. this to be expect reached before december 15. joining me is chief -- bloomberg's chief asia correspondent. >> we have some takeaways from our colleagues in washington and beijing. they
the founders of alphabet give thunder pichai the reins, ending their attention to turn their company into the warren buffett of tech. welcome to bloomberg daybreak. i am alix steel. the markets whiplash to earlier today on that headline that bloomberg roque that perhaps -- broke that we are still inching toward a tree deal. we saw a huge decline in equities and the bond market. we are reversing that a touch, futures up by .5%. 10 year yields are up by two basis points. yesterday we saw the...
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>>google ceo sundar pichai will become ceo of alphabet page had been serving as ceo of alphabet well britain was founders promise that they plan to stay at activists board members and shareholders. >>and for workers fired from google last week are now planning to file a federal labor complaint against the company. they claim the company retaliated against them for organizing workers around social causes. the 4 former employees say they're preparing to file unfair labor practice charges with the national labor relations board. >>the fbi is on the hunt for an american born terrorist how much the bureau is offering for information leading to the arrest of this man. >>and it's like something out of a comic book, the new device california police are testing to try to stop a suspect in his or her tracks. >>and next their home caught fire while they were on thanksgiving vacation, what this tennessee family says save their home. the vineyards. z3nyaz z1ncz y3nyay y1ncy sarah's last tuition payment, sent off. feeling good? oh yeah. now i'm ready to focus on my project. ♪ ♪ this is why we plan
>>google ceo sundar pichai will become ceo of alphabet page had been serving as ceo of alphabet well britain was founders promise that they plan to stay at activists board members and shareholders. >>and for workers fired from google last week are now planning to file a federal labor complaint against the company. they claim the company retaliated against them for organizing workers around social causes. the 4 former employees say they're preparing to file unfair labor practice...
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Dec 4, 2019
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google's ceo, sundar pichai, will take over their official rules. at least three people have been killed in a powerful typhoon in the philippines. the typhoon passed just south of the capital, manila. the international airport remains closed. some events at the southeast asian games, which oped on saturday, were canceled or rescheduled. officials say the evacuation of 225,000pl pprevented greater loss of life. one of the biggest names in the democratic field for president is dropping out of theace. in a twitter post-- in a tweet today, kamala harris said she is ending her campaign with what she called deep regret. the california democrat was once seen as a top-tier candidate but failed to gain traction in early polling.e c's anthony zurcher joined me earlier to break this all down. why did she decide to make this move now, and was it all about fundraising, or were there other missteps anthony: she said she did not have enough money to continue on. when it comes down to it, most candidates do drop out because of money. liey don't have the a to fund t
google's ceo, sundar pichai, will take over their official rules. at least three people have been killed in a powerful typhoon in the philippines. the typhoon passed just south of the capital, manila. the international airport remains closed. some events at the southeast asian games, which oped on saturday, were canceled or rescheduled. officials say the evacuation of 225,000pl pprevented greater loss of life. one of the biggest names in the democratic field for president is dropping out of...
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surnd pichai taking on of add the role of c alphabet as well.rose a fraction on the news in extended hours trading. >> as expected cybermonday online sales hit the record of $9.4 bilon up nearly 20 frers last year. bought more and purchased r pricier items. and nearly a third of the day total came late in the day betwn 10:00 p.m and 2:00 a.m. eastern time. >> well the pig three auto makers no longer report monthly auto sales but we g the numbers from foreign car companies. toyota said the a norrican division has ht best november ever with sales raising more than 9%. honda sales rose 11% thanks to demand for sport utility vehicles and trucks. but nissan saw sales drop about 16%. >> this is a crucial week for with prices up more than 20% so opectel are meeting on of the thursday to talk about ways to push prices even higher. as a result they're widely expected to either maintainr increase current production cuts. here is brian suivan. >> reporter: opec meets on thursday in vienna, austria. this meeting may be one of the most important in years. fo
surnd pichai taking on of add the role of c alphabet as well.rose a fraction on the news in extended hours trading. >> as expected cybermonday online sales hit the record of $9.4 bilon up nearly 20 frers last year. bought more and purchased r pricier items. and nearly a third of the day total came late in the day betwn 10:00 p.m and 2:00 a.m. eastern time. >> well the pig three auto makers no longer report monthly auto sales but we g the numbers from foreign car companies. toyota...
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Dec 4, 2019
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google‘s ceo sundar pichai will now run both tech firms. first time in its 35 year history, britain's prestigious turner prize has been awarded to all four shortlisted artists. the decision was prompted by the artists themselves, who declared themselves a collective. they said that they wanted to make a statement of solidarity and multiplicity. the 12—year—old boy killed in a hit—and—run incident outside a school in essex has been named as harley watson. he was struck near debden park high school on monday afternoon. a 51—year—old man has been arrested on suspicion of murder, as well as the attempted murder of five other people injured in the crash. our correspondent tolu adeoye reports from loughton. harley watson has been described by his family as a good, kind, helpful and lovely boy. in a statement released this evening they have said they are devastated by his death. yesterday morning harley went to debden park high school as usual, but the 12—year—old did not make it home. he was one of several students hit by a car on this road in lo
google‘s ceo sundar pichai will now run both tech firms. first time in its 35 year history, britain's prestigious turner prize has been awarded to all four shortlisted artists. the decision was prompted by the artists themselves, who declared themselves a collective. they said that they wanted to make a statement of solidarity and multiplicity. the 12—year—old boy killed in a hit—and—run incident outside a school in essex has been named as harley watson. he was struck near debden park...
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sergei brin will step away from their roles with the parent company alphabet google's ceo sundar pichai will stay on in his role and also become ceo of alphabet page had been serving as ceo of alphabet while bryn was president of alphabet both founders promised to stay active as board members and shareholders. report a blast pga poised to failures and violations that led to the devastating camp fire in butte county in the utility is said to. >>if a state regulators again what to expect next. >>and vera same for san francisco and a disgusting cleanup job for crews. the increased effort to clear city streets of human waste. >>and just ahead a bay area boy scout troop ripped off of thousands of dollars money the scouts were using for a christmas fundraiser. we'll tell you what happens ne >>trees until friday morning. when the truck showed up. >>a troop of boy scouts in oakley scammed out of more than $5,000. it was the money that they paid upfront for christmas trees that the scouts were going to sell. it appears that money was pocketed by the person they contracted to provide the trees. >
sergei brin will step away from their roles with the parent company alphabet google's ceo sundar pichai will stay on in his role and also become ceo of alphabet page had been serving as ceo of alphabet while bryn was president of alphabet both founders promised to stay active as board members and shareholders. report a blast pga poised to failures and violations that led to the devastating camp fire in butte county in the utility is said to. >>if a state regulators again what to expect...
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ter taking over the reins at google, pichai has become the face of the firm and now become c.e.o. while the move is the most significant leadership change at google since its creation, page and brin aren't giving up their ultimate power. between them, they still control 51% of voting rights on alphabet's board. >> it looks like the u.s.-china tre e war coululd drag o on thr next year and even beyond that. >> remainsns to be seen. we nevever know, do we? donald t trump said d tuesdayy wouldn't mindd waiaiting until after nenext november'r's u.s.s presidenti elelection to cut a trade deal with beijing. bloomberg is reporting today that washington and beijing are getting closer to an agreementn on just t how muchch of the existing u.s. tariffs would be rolled back in a limited p phas one deal. that, howowever, as trump i is expanding trade conflicts elsewhere with new tariffs on metatals from brazil and argentina. u.s. commerce secretary will already ross defended the administration's use of tariffs. here he is. >> well, tariffs are the core of international trade, the mechanism that
ter taking over the reins at google, pichai has become the face of the firm and now become c.e.o. while the move is the most significant leadership change at google since its creation, page and brin aren't giving up their ultimate power. between them, they still control 51% of voting rights on alphabet's board. >> it looks like the u.s.-china tre e war coululd drag o on thr next year and even beyond that. >> remainsns to be seen. we nevever know, do we? donald t trump said d...
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internet giants parent company alphabet they'll be replaced by current google chiefs and our pitch pichai google facing growing criticism in europe and the u.s. over its previously policies like leave well known japanese doctor has been killed in an attack in afghanistan tatsu naca more devoted his life to helping the afghan people and 5 others were killed by a gunman attack his vehicle in the city of jalalabad in october doctor not to move were awarded honorary afghan citizenship. and if you know the nigerian city of lagos then you probably also be familiar with the slum city of m a cocoa known as the world's biggest floating city to about $300000.00 people but despite its size mark o'connor has never appeared on any city planning documents or maps but that's about to change. welcome to my cocoa a floating slum in the nigerian mega city of lagos officially this part of the city does not exist you won't find these dingy canals and ramshackle house indicated on any city maps but john and his team are trying to change that on to their location tracking smartphones they crisscross the old wa
internet giants parent company alphabet they'll be replaced by current google chiefs and our pitch pichai google facing growing criticism in europe and the u.s. over its previously policies like leave well known japanese doctor has been killed in an attack in afghanistan tatsu naca more devoted his life to helping the afghan people and 5 others were killed by a gunman attack his vehicle in the city of jalalabad in october doctor not to move were awarded honorary afghan citizenship. and if you...
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google's current ceo, sundar pichai, will take over the roles.ness report in about 15 minutes. china has topped the latest global report on education. the oecd survey, which is conducted every three years, found that students from china are the most proficient in reading, maths and science, followed by singapore. the report also found that education performance across the oecd member countries had stagnated over the last two decades. nasa says the wreckage of india's vikram lunar lander has been identified, three months after it crashed onto the surface of the moon. it was found thanks in part to the efforts of an amateur space enthusiast, after the us space agency released satellite images and asked people to search for it. the 33—year—old it professional spotted it after putting side—by—side comparison images on two laptops. a powerful typhoon has killed at least four people in the philippines, disrupting air travel and forcing government offices and schools to close. with winds gusting up to two hundred kilometres an hour, typhoon kammuri fell
google's current ceo, sundar pichai, will take over the roles.ness report in about 15 minutes. china has topped the latest global report on education. the oecd survey, which is conducted every three years, found that students from china are the most proficient in reading, maths and science, followed by singapore. the report also found that education performance across the oecd member countries had stagnated over the last two decades. nasa says the wreckage of india's vikram lunar lander has...
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sundar pichai who has been ceo will take the reins.continue to lead meetings, earnings calls, and congressional testimonies. google is facing increasing criticism and multiple investigations from authorities in the u.s. and europe stemming from its privacy policies. >>> ready-to-eat sushi, salads, and spring rolls are being recalled over listeria fears. the fuji food products are sold at major retailers including trader joe's, 7-eleven, and walgreens in 31 states and washington, d.c. the recalled product are packaged in plastic with most sell-by dates of november 22nd to december 6th on the labels. the problem was discovered during a routine fda inspection at a facility in massachusetts. that facility has ceased operations pending the outcome of an investigation. there have been no reported illnesses. >>> starbucks is expanding its holiday drink menu. irish cream cold brew is now available at participating locations nationwide. the festive new beverage is made with cold brew coffee and irish cream flavored syrup over ice topped with va
sundar pichai who has been ceo will take the reins.continue to lead meetings, earnings calls, and congressional testimonies. google is facing increasing criticism and multiple investigations from authorities in the u.s. and europe stemming from its privacy policies. >>> ready-to-eat sushi, salads, and spring rolls are being recalled over listeria fears. the fuji food products are sold at major retailers including trader joe's, 7-eleven, and walgreens in 31 states and washington, d.c....
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wall street will be watching closely the performance of sundar pichai.w, writer at the atlantic, joy litman, fellow at the institute for advanced study and cnbc contributor what should we, if we were going to buy the stock, what should we be concerned with, the way they deal with the government and regulators in privacy or the way they refinealgorithms. >> this is a company under siege internally and externally. we know there are dozens and dozens of investigations in the u.s. and abroad. into issues like antitrust but also into potential labor violations and how they handled sexual harassment cases there, the board is now looking at how they have been handling sexual harassment cases i actually think the issue that we maybe need to pay a little bit more attention to is internally just how you had these, you know, two founders have essentially been absentee for about the past year or so and when you don't have your leadership on, you know, right on the premises there, leadership is absentee, your culture can really go off the rails. and i think that's a
wall street will be watching closely the performance of sundar pichai.w, writer at the atlantic, joy litman, fellow at the institute for advanced study and cnbc contributor what should we, if we were going to buy the stock, what should we be concerned with, the way they deal with the government and regulators in privacy or the way they refinealgorithms. >> this is a company under siege internally and externally. we know there are dozens and dozens of investigations in the u.s. and abroad....
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this man here, sundar pichai, google's chief executive will become the new head of alphabet while keepingreports that singapore's cross island train line will run directly under the region's largest nature reserve rather than skirting around it. the ministry of transport says the tunnel will be dug 70 metres deep to protect the reserve. the japan times has a story about china's plans to build a national park in one of the world's last remote places. here, on western china's qinghai region, an area that's been called ‘the rooftop of the world'. now, what stories are sparking discussions online? it's actually a gadget which will be used by police in los angeles to bring down suspected criminals. it works by firing a cord which then wraps around the legs, and fastens itself in the style of a bolas. 200 officers will be trained in how to use it, before it's deployed injanuary. a lot of interest in this little gadget. a new vaccine against typhoid is being described as a "game—changer" which could prevent thousands of deaths. in pakistan, nine million children are being immunised after a major
this man here, sundar pichai, google's chief executive will become the new head of alphabet while keepingreports that singapore's cross island train line will run directly under the region's largest nature reserve rather than skirting around it. the ministry of transport says the tunnel will be dug 70 metres deep to protect the reserve. the japan times has a story about china's plans to build a national park in one of the world's last remote places. here, on western china's qinghai region, an...
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s and our pichai who is facing growing criticism in europe and the u.s. over its privacy policies. and the tech sectors a trailblazer in moscow has testified in court that a tweet describing a british rescue diver as a pedophile was not meant to be taken literally the diver verdun unsworth is suing moss for defamation and worse helped rescue 12 boys from a flooded cave in thailand last year. u.s. senator kemal harris is ending her bid for the democratic presidential nomination she says she doesn't have the money to continue campaigning 15 contenders still remain in the democratic field with 2 months to go until voting begins in the state of iowa. will stay in the u.s. the democratic led house of representatives has approved a report by its intelligence committee that makes the case for impeaching u.s. president donald trump now according to this document the evidence for impeaching the president is quote overwhelming republicans in the house did not back the report the white house has dismissed that saying it's failed to produce any evidence of wrongdoing. the report concludes 2 we
s and our pichai who is facing growing criticism in europe and the u.s. over its privacy policies. and the tech sectors a trailblazer in moscow has testified in court that a tweet describing a british rescue diver as a pedophile was not meant to be taken literally the diver verdun unsworth is suing moss for defamation and worse helped rescue 12 boys from a flooded cave in thailand last year. u.s. senator kemal harris is ending her bid for the democratic presidential nomination she says she...
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so it is sort of been a -- not much that has changed, what has changed, though, is that ceo sundar pichai will now be the google of alphabet. >> the overall umbrella company, automated cars, project wing we were talking about -- >> all the experimental units, life sciences units, venture arm, that he wasn't on top of and overlooking, so this adds a lot to his plate and he was already, you know, facing a lot of challenges with google itself. really interesting to see how he handles it going forward. >> you called him a war time ceo. why? >> i said that google needs a war time ceo and he needs to become that. and that's because google faced alphabet as a parent company faces a ton of challenges coming up. 2020 will be very interesting. they have a number of federal probes into them. they have to face regulators. now a talking point for presidential candidates who are saying big tech is bad. they have a number of cultural issues with the employees. so they're going to -- he's going to have to contend with a whole number of issues, where as he might not have thought that when he first started
so it is sort of been a -- not much that has changed, what has changed, though, is that ceo sundar pichai will now be the google of alphabet. >> the overall umbrella company, automated cars, project wing we were talking about -- >> all the experimental units, life sciences units, venture arm, that he wasn't on top of and overlooking, so this adds a lot to his plate and he was already, you know, facing a lot of challenges with google itself. really interesting to see how he handles...
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this is interesting, which i will take the executive role of alphabet —— pichai. but they still hold 51% of shares. so if they do something he doesn't like, they can go, 0k, shares. so if they do something he doesn't like, they can go, ok, but we're going to do this. it is the first he has properly is stepped up. eric schmidt used to run a lot of change in the copper structure they have had. —— corporate structure. they have had other people running different parts of the business but this is the first time they are saying we are not in charge. these two are in their mid— 40s, so —— sur gay brin —— sergey brin and larry page. they are the ninth and 10th richest people in the world, they have done pretty well from their scientific, computer background. but when you think about the reach of google and regulators and governments are looking at its reach and what it does with our data, there are so many questions about this company. i don't use it myself because google harvests all the data they are taking, i use duckduckgo and apple maps. so one of the few people who
this is interesting, which i will take the executive role of alphabet —— pichai. but they still hold 51% of shares. so if they do something he doesn't like, they can go, 0k, shares. so if they do something he doesn't like, they can go, ok, but we're going to do this. it is the first he has properly is stepped up. eric schmidt used to run a lot of change in the copper structure they have had. —— corporate structure. they have had other people running different parts of the business but...
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google's current ceo, sundar pichai, will take over the roles.siness report. the us house of representatives has overwhelmingly approved a bill demanding a tougher response to china's crackdown on its muslim minority. —— on its muslim minority. the uighur act of 2019 which passed by 407 votes to 1, calls on president trump to condemn abuses against muslims and calls for the closure of mass detention camps in the northwestern region of xinjiang. nasa says the wreckage of india's vikram lunar lander has been identified, three months after it crashed onto the surface of the moon. it was found thanks in part to the efforts of an amateur space enthusiast, after the us space agency released satellite images and asked people to search for it. the 33—year—old it professional spotted it after putting side—by—side comparison images on two laptops. a powerful typhoon has killed at least four people in the philippines, disrupting air travel and forcing government offices and schools to close. with winds gusting up to 200 kilometres an hour, typhoon kammuri f
google's current ceo, sundar pichai, will take over the roles.siness report. the us house of representatives has overwhelmingly approved a bill demanding a tougher response to china's crackdown on its muslim minority. —— on its muslim minority. the uighur act of 2019 which passed by 407 votes to 1, calls on president trump to condemn abuses against muslims and calls for the closure of mass detention camps in the northwestern region of xinjiang. nasa says the wreckage of india's vikram lunar...
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of the internet giant parent company alphabet they will be replaced by current google chief sundar pichai google is facing growing criticism in europe and the united states over its privacy policies . a murder investigation here in berlin is now a full blown diplomatic storm between germany and russia it began with the killing of former chechen rebel commander earlier this year shot twice in the head as he walked through a park on his way to a mosque german authorities have now expelled 2 russian diplomats over the killing believing that russian intelligence may be responsible moscow denies any involvement in says it will retaliate this decision could mark a new escalation in relations between russia and western countries german chancellor angela merkel has defended the expulsion of russian diplomats after germany's federal prosecutor general said evidence points to russian state involvement in a meeting the russian president next week and then i will let you know whether i have spoken with him and how that goes and we've taken this measure as you know mainly because we have seen that rus
of the internet giant parent company alphabet they will be replaced by current google chief sundar pichai google is facing growing criticism in europe and the united states over its privacy policies . a murder investigation here in berlin is now a full blown diplomatic storm between germany and russia it began with the killing of former chechen rebel commander earlier this year shot twice in the head as he walked through a park on his way to a mosque german authorities have now expelled 2...
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sunder pichai is getting a hefty raise. he will receive $240 million over the next three years. hit all of the performance targets. he will receive a $2 million annual salary beginning in 2020. the justice department and sec are supporting the sprint merger. it should not be blocked. the combination put in if it consumers and not harm them. that is your latest bloomberg business flash. european markets are trading as we head to the european close. mainland europe is pretty positive. the dax up. european close is next. this is bloomberg. ♪ eÑ vonnie: as you can see, we are green across the screen. in germany and france, italy, spain, ireland, england has a little gray there. let's look at the individual indices. we have up to two points. the dax in germany is having a tough week with those carmakers. some the other companies, the utilities are dragging down the dax. it is making a grand rally today. lori l is one of the top performers. let's take a look at some of the individual movers. the pound is trading up. it is stronger after a volatile week. that is nothing to really write
sunder pichai is getting a hefty raise. he will receive $240 million over the next three years. hit all of the performance targets. he will receive a $2 million annual salary beginning in 2020. the justice department and sec are supporting the sprint merger. it should not be blocked. the combination put in if it consumers and not harm them. that is your latest bloomberg business flash. european markets are trading as we head to the european close. mainland europe is pretty positive. the dax up....
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Dec 4, 2019
12/19
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google‘s ceo sundar pichai will now run both tech firms. first time in its 35—year history, britain's prestigious turner prize has been awarded to all four shortlisted artists. the decision was prompted by the artists themselves, who declared themselves a collective. they said that they wanted to make a statement of solidarity and multiplicity. it is about 2:30am in the morning. now on bbc news: electioncast, with adam fleming. good evening all, welcome to tonight's election cast. now, we're looking for examples of where the snap election they have mucked up your life logistics. maybe you are planning a summit of nato leaders, and in the middle of it there was an election campaign instead. it doesn't have to be background. let us doesn't have to be background. let us by e—mailing us. or, you can use the hashtag and we will read out, but probably not be able to solve some of yourjust a cool problems because of the election. later on internode‘s programme will be dropping in on the of the uk look at the election in detail there it be your pat
google‘s ceo sundar pichai will now run both tech firms. first time in its 35—year history, britain's prestigious turner prize has been awarded to all four shortlisted artists. the decision was prompted by the artists themselves, who declared themselves a collective. they said that they wanted to make a statement of solidarity and multiplicity. it is about 2:30am in the morning. now on bbc news: electioncast, with adam fleming. good evening all, welcome to tonight's election cast. now,...