Whose 14 month offensive to capture the libyan capital tripoli collapsed this week and im saying it is time for a ceasefire and all foreign fighters to leave come out ahead of him about a lot of money the Initiative Aims to guarantee a fair representation of libyas 3 provinces and a president ial council elected by the people under the supervision of the United Nations to manage libyas leadership for the 1st time in the countrys history. But in tripoli the un recognized government commanders said they dont recognize the cease fire and theyll continue to in their words liberate our land the context of what has just been reported about military advancements in the last week the cities of defeats that have suffered the over the last 2 months and its practical exit right now. From the west of libya suggests that in fact the Cairo Initiative or because i dont like liberation is what it was called is more about trying to salvage what remains of Office Project trying to protect what remains o
Well get into that as well. Deirdre bolton has all the fast moving developments from the big board. Neil what a week, what a week indeed. This is the worst week for the dow weve seen since 2018. Just the volatility alone today. As we can see down 470 points. We were down more than 900 points earlier. I want to highlight quickly some of the stocks that are limiting the losses on the dow. You have two pharmaceuticals, not a huge surprise in the backdrop of these fears about the coronavirus spreading and one staple which also does sell face masks. Merck and pfizer, we know merck has had a long history of developing vaccines. So you do have the stock moving higher limiting some of the losses. Pfizer as well, and 3m which does make the face masks. If you look at some drags on the average, part. Reason today, why were seeing so much weight you have apple, microsoft, two Huge Tech Companies that both have exposure to china. Apple in 2019 got 17 of revenue from china, microsoft about 10 . Both
Fail miserably. But he says that is all part of the magic. Joining me today on bloomberg studio 1. 0, astro teller, head of alphabets x lab. And captain of moonshots, which is your official title, as i understand it. Astro it is. I function as the ceo, but i go by captain of moonshots. Emily you rolled in on wheels. This is your standard mode of transportation . Astro it is. Emily how much time do you think you shave off . Astro i have worked that out. Its about eight minutes a day. Emily wow. [laughter] astro its a big building. Emily you are making the most of those eight minutes. We are in the x lab, just a couple miles south of googles headquarters. This is where the magic happens, or sometimes doesnt happen, as you are quick to point out, because you have far more failures than you do successes. What is the mission of x . Astro x was created to be the part of alphabet that would make, hopefully, some new googles for alphabet to have. Things like waymo, the selfdriving car business
And weapons the promise and the peril of the digital age. Im tom giles, in for emily chang. Joining me today on bloomberg studio 1. 0, brad smith, president of microsoft. Tom brad, thanks for being with us today. A lot of the last year has been spent talking about and spilling ink over this complex relationship between the u. S. And china. Id like to hear more about your concerns about the way this is playing out between the u. S. And china, and what impact that could have on u. S. Technological leadership on a global arena. Brad the u. S. Is the Digital Technology leader in the world today, but one of the important things for all of us to remember is that we dont actually invent or create technology by ourselves. If you buy an American Technology product, a product that is made by an american company, in all probability, it consists of inventions that came from Silicon Valley as well as bangalore and beijing and dublin and london, toronto and melbourne and the like. We need to continu
The message beyond microsofts campus with a new book, tools and weapons, the promise and the peril of the digital age. Im tom giles, in for emily chang. Joining me today on bloomberg studio 1. 0, brad smith, president of microsoft. Tom brad, thanks for being with us today. A lot of the last year has been spent talking about and spilling ink over this complex relationship between the u. S. And china. Id like to hear more about your concerns about the way this is playing out between the u. S. And china, and what impact that could have on u. S. Technological leadership on a global arena. Brad the u. S. Is the Digital Technology leader in the world today, but one of the important things for all of us to remember is that we dont actually invent or create technology by ourselves. If you buy an American Technology product, a product that is made by an american company, in all probability, it consists of inventions that came from Silicon Valley as well as bangalore and beijing and dublin and l