Article about midwest cities trying to adjust to a more hightech future as part of our spotlight on magazine series. Thank you for joining us today. Good morning. Host we have heard the phrase rustbelt to represent these industrial towns across the midwest. Why are they now being called the brain belt . Guest the rust belt dates back to around the early 1980s. The rust belt has been hanging over some of these towns or cities for a while now. The idea of having to reinvent themselves is a long time coming. I think what we are hearing now is if you things. Sense that the United States is still a major manufacturer, but it will not be making the same things going forward. So the loss of certain types of manufactured goods to china or asia or anywhere else is being replaced by other goods, which tend to be higher tech, more advanced techniques, and require different skill sets to produce. So we see a shift across the country. In terms of the rust belt itself, you do still have a core of ma
John. Michelle, the breaking news is that bob corker, the senator from tennessee, republican who chairs the Foreign Relations committee, has told the Washington Post he has withdrawn from consideration as Donald Trumps running mate. It underscores the question hanging over trumps running mate process, which is who exactly can he entice to run with him. Can he get given how controversial his reputation is, can he get a young rising star in republican politics, or does he got to pick somebody like newt gingrich, the former house speaker, chris christie, the governor of new jersey, who doesnt have much of an electoral future given controversies that have weighed them down. Bob corker is somebody who has been rising within the senate and in republican politics. He says the job of being the Vice President ial candidate is more political than he wants. That hes more of a policy guy. Not comfortable being the attack dog in the campaign. So he has taken himself out. Weve still got some others,
How at googles parent alphabet. The company known for its Search Engine attracted advertisers to its products, especially its mobile products, and those ads attracted valuable clicks. Alphabet earned 8. 42 a share. That is a full 38 cents better than estimates and a 24 gain over last year. Revenues rose more than 20 to 21. 5 billion in the quarter eer. Investors liked the results sending shares higher in initial afterhours trading as you see right there. Josh lipton has the one key takeaway for investors. Josh . Reporter well, tyler, 15. 4 billion. That was one big number in this report, and first the revenue generated from google website was up about 25 . Neil doshey covers alphabet and says thats important because that includes some of the main sources of revenue for this company so google. Com, youtube, mobile apps. It just shows, he says, the strength that have ad business. Ill also point out, tyler, that heading into this print there was some concern about the impact of brexit on
How at googles parent alphabet. The company known for its Search Engine attracted advertisers to its products, especially its mobile products, and those ads attracted valuable clicks. Alphabet earned 8. 42 a share. That is a full 38 cents better than estimates and a 24 gain over last year. Revenues rose more than 20 to 21. 5 billion in the quarter eer. Investors liked the results sending shares higher in initial afterhours trading as you see right there. Josh lipton has the one key takeaway for investors. Josh . Reporter well, tyler, 15. 4 billion. That was one big number in this report, and first the revenue generated from google website was up about 25 . Neil doshey covers alphabet and says thats important because that includes some of the main sources of revenue for this company so google. Com, youtube, mobile apps. It just shows, he says, the strength that have ad business. Ill also point out, tyler, that heading into this print there was some concern about the impact of brexit on
All week long. We will get you ahead of the trade there. And big trouble in china for two big american brands, mcdonalds and yum under fire for poor food quality. Both stocks are down today, largely in response to word out of that very important market. And the terrible drought in california may be about to get a lot worse. We will tell you about that. First first, lets check in with sue at the new york stock exchange. Sue . Good to see you, ty. The stock market starting down on this first trading day of the week, off the worst levels of the day only off 74 points now. Bob pisani joins me here on the floor of the nyse on the emerging threat from overseas, the potential really to rock markets around the world. And is something that youve covered for us before in its initial stages. Things have changed. The middle east is a hot investment plane, property markets are on fire there sunday, the dubai stock market dropped almost 6 . We covered a little bit in sunday trading, cube bind the mi