1970s when steve job started the company in his garage and from them until the mid1980s it was the hottest company in all of technology, if not the world. One thing i remember but many forgot was the iconic Super Bowl Ad that aired before apple launched their computer and then they were the hottest company on the planet. Host how did google get started . Guest google started in 1988 from stanford. It was started in a dorm room there. And the two men that discovered it wanted to figure out the best way to index the web because that was a problem that people were trying very, very hard to solve but were not doing a good job and they believe they had a way of doing it that no body else thought of. And so in 1998, they started initially by indexing all of stanfords pages and ended up blowing up the network and getting themselves in hot water. And then quickly there after started google and it has been a rocket ship ever sense. What is kind of interesting and i want to circle back, in some
Trying very hard to solve but were not doing a good job of. They believed they had a way of doing get that nobody else had thought of. 1998, they started initially by indexing all of stanfords pages and ended up blowing up the stanford network and getting themselves in a little bit of hot water. As him pretty quickly, started google and pretty quickly, started google and it has been a rocketship ever since. I want to go back to the apple example is in some respects, apple and google arguably started at the same time. Thee obviously started in 1970s, but then steve jobs got fired from the company in the 101580s and apple went years where fortunes really declined steadily. It was not until 1997 when steve jobs returned that apples fortunes really began to rebound. In fact, it is pretty wellknown among people who Pay Attention in the valley when steve jobs came back, apple had 90 days of cash left before it was going to augur in. Respects, you could say both companies started around the s
Good morning, folks. You are watching the pulse. Androidcoming up, everywhere. The latest software into all corners of your life. We speak exclusively to the ceo. The watches can sell for more than 100,000. Better keep good time for that kind of money. Shares under pressure this morning, very much taking a hit after the attorney generals decision to begin a lawsuit against the institution. They allege the bank lied to its customers. Jesse westbrook joins us. Before we get into the lawsuit, talk to us about where the focus of this is. This is an Exchange Trading platform that is used to mask intent. It is a little ok. It is a little ok. Paque. DidInstitutional Investors not want to trade on public exchanges and tip the rest of the market off on what they were doing. Affecting their ability to get shares at the best price in the market. They moved to these venues. Thanks market these venues banks market these venues to them. They are captured in places where highfrequency trading firms c
Companies. Symbolically this is an enormous decision, even if the changes are not felt right away. Pioneer Natural Resources and pipeline operator enterprise now have approval from the commerce for a very light type of oil. It goes through mild processing in order to stabilize it, and then it can be shipped out. When it gets to the destination needs to be refined even further and it can be made into jet fuel or diesel. The u. S. Does not allow crude exports. This really treads the line. Does give the Commerce Department some little room to be able to say that there has been no change in the expert policy export policy but at the end of the day it is oil being exported from the country. As you say, these are just initial steps. Going to mover the needle in terms of exports of oil . Words 50,000 barrels a day will be exported, kind of a drop in the bucket for this market. Will take a while. You have to classify oil correctly and get this into the right barrels. Is this aestion is, precur
Hello. Welcome to countdown. I mark barton. It is 6 00 a. M. Thursday morning. On the pulse, check out our interview to talk about the swiss watch industry. The new York Attorney general has begun a lawsuit against barclays. Alleging the bank lied to customers masking the extent of highfrequency trading. Markets editor manus cranny is here to explain. Before we get into this. What are dark pools . Why do they use them . They have evolved. It is like a private trading venue. It is where institutions can go to execute highend sell orders without talking about which side they want to be on. Otc, referred to as overthecounter, hence less regulation. Is less transacted. What is at the heart of this lawsuit . Word, lies. Lies and fraud. This is under the martin act. Barclaysing that pursued the growth of the dark pool regards of Everything Else around it. They wanted to catch up with credit suisse. They lied about affecting them. Our complaint alleges that this marketing a protections was fa