Time. 20 years after engineers larry page and sergey brin created the search giant google at stanford university, theyre relinquishing control of its parent alphabet to ceo Sundar Pichai. Its the biggest shake up of leadership the tech titan has seen and highlights how the firm has swelled into a near trillion dollar tech empire, with youtube and self driving cars in its stable. Heres dave lee in san francisco. This move represents the most significant shakeup of leadership at google since its inception. The first only dynamic duo of sergey brin and larry page, the legendary Silicon Valley partnership, wont hold important management roles in the company they founded back in 1998. In reality, though, thats been the case for some time. The public face of google has been its current ceo, Sundar Pichai. By tuesdays announcement makes it absolutely clear mr paige and mr brin arent running the company anymore. However, while the pair are a p pa re ntly anymore. However, while the pair are ap
Protesters brought the citys financial district to a standstill. Teargas disrupting the commute for a second consecutive day. Executive carrie lam says she still hopes district elections will be held as scheduled. We still hope we can hold the elections and try our very best to do so because it is an important election to respect and safeguard, but theres the issue of safety in order, so we have to work hard to satisfy these two requirements. Alix 20 meet on the phone from hong kong is karen joining me on the phone from hong kong is karen leigh. What happens next . Karen carrie lam urging order, and at the same time, we had two days of really jarring images and clashes, especially here in the financial hub. These arent images weve seen before. This feels like a bit of an escalation. This is something that led police this afternoon to warn that the city was on the brink of total breakdown. Carrie lam talking about how she still hopes district elections will be held in a couple of weeks.
Look at how we are doing on the sector picture. It looks fairly split. To theng of a bias downside. Materials and the Energy Business look in the red. We will look at the bp share price in a moment. Financials, industrials and health care mixed. No clear picture coming through. Many of these sectors look fairly mixed. Matt we see more stocks losing than winning. Down, 250 gaining right now. If you look at the moves to the upside, you see Louis Vuitton rising, only 0. 5 . Bp up 0. 4 after putting out earnings. You see a lot of metals and minors stocks to the upside. Hsbc down 0. 75 . , a lot ofvartis drugmakers and consumer staples, Household Goods coming down. Diageo also declining. Down about 0. 4 . Lets focus on the fed ahead of tomorrows fmoc meeting. A Third Straight rate cut is expected, but the focus will be guidance aspowells far as policy to come. Powell has said the economy is in good shape, but gdp growth is expected to slow further in the Third Quarter. Peterg us now is, Pet
He could become the fourth president in history to face impeachment proceedings. Fliesaker Boris Johnson into a political crisis after the Supreme Court in the u. K. Rules his suspension of parliament unlawful. And oneway traffic. China prepares to buy more u. S. Pork as President Trump uses his u. N. Address to slam beijings trade practices. Christine lagarde calls it the biggest threat to Global Growth. It is mediocre growth. Ofis at risk because essentially one major threat, which is the trade war that we see. Now, of all the things vying for investors attention, Political Risk is pushing its way to the front. Donald trump is to face a formal impeachment inquiry. Speaker pelosi says the u. S. President has violated his oath of office and obligations under the constitution. Trump called it witchhunt garbage. Boris johnson has restated his vow to complete brexit next month. He said he profoundly disagrees with the u. K. Supreme court, but wilson comply with its ruling. Joining us now
The governing coalition makes a breakthrough on a 50 billion euro climate protection package, but will it be accepted by activists and industry . Im phil gayle. Welcome to the program. Worldwide protests to demand Climate Change action continue with activists taking to the streets along with every country on earth. A movement that started with Students Skipping School on fridays has become a global movement. The first place to wake up to this Global Climate strike was australia. Around the world in just 24 hours, the largest climate protest the world has ever seen thats what organizers have been calling todays wave off strikes for the planet. Student demonstrators have been turning out in their millions. Some of the first rallies kicked off in australia. It is a big worry. We are on the front lines of Climate Change. Its already happening. It is not waiting for it to happen or a matter of time. It is already here. This is the first time adults have joined the strikes on such a signific