Marissa mayer is she was hired to be a coder at google. She was hired to be someone who literally makes the programs. Her first big project was supposed to be like googles first ad delivery system, you know . Google makes billions and billions of dollars off of ads, and she was going to make the first one. And it was taking her months and monthses and months to do. Google went out and hired someone named jeff dean and this sort of shocked the industry because jeff dean is a superstar. Hes really known for being one of the best coders on the planet. And he did the project that meyer had been work on in a matter of weeks. And mayer, you know, to her credit sort of looked at this and said is, you know, she loved working at google and she said im not going to make my mark at this company by being a coder. Is so she said what else can i do. So she sort of threw herself at whatever problems the company had. You know she actually got involved in pr and marketing and all sorts of strange thing
Other numbers, assets 116 billion, down 22 . The Company Stays on track to reach its financial targets for the year. Continue to look through here, fixed income markets revenue, a number that has been weak in many of the banks, 3. 06 billion, roughly in line with what analyst anticipated. The company said its Net Interest Margin came in above estimates 2. 95 , the estimate for 2. 88 for a big group like citigroup. Interest margin will be an important part of the overall numbers. That is what we have so far as we look at these numbers. One other number the equity markets trading revenue, which was expected to be in the area of strength for citigroup looks to be the low estimates, 653 million, the estimate was 739 million, that number, expected to offset some of the declines in fixed income trading, perhaps it would do that as we look through these numbers. Eric julie hyman with headlines on citigroup. Good morning. We have seen everybody but Morgan Stanley, which reports on monday. Gett
Toward the east, the sky is getting bright. Sunshine on the way you see very little cloud cover around the closest rain is up on the other side of new york state at this point. 69 degrees if philadelphia. 63 in trenton. We actually have dropped into the 50s in allentown, 61 in wilmington, cool and comfortable this morning as you step outside, if youre planning on the pool or the local swim club, maybe youre lucky and have this one to you power to you. Youre better off than me. 87 degrees remember the sunscreen today. On your Storm Tracker 6 live app at 8 00 a. M. 72. Noon, 83. 86 at 3 00 p. M. High of 87 around 4 00 p. M. Low humidity today. The weekend call coming up not only philadelphia, but the shore. Thats just ahead. So far its not a bad commute, but we have an issue thats happening in new jersey its a big one if youre in Burlington County. Route 38 is shut down between smithville and 206 in south hampton. A dump truck was traveling and pulled down the wires. We had fire crews on
Only the second, since the end of the fiveweek shutdown brought on by the debt crisis. Bank shares were pushed to the downward trading limit yesterday of 30 . One analyst said the bailout will not work if greek banks do not bounce back. The greek Banking System is key to getting them back. They have to recapitalize the major banks quickly and they have major problems with their nonperforming. Once you get the greek banks of an lending, there is no hope for the plan to succeed. Erik in the bleak financial picture, the Central Bank Says almost 1. 3 billion has flowed academic countries bank since reopened two weeks ago. Scheier is making an offer in hopes of creating a Biotech Company focused on rare diseases. The price of the about the billion dollars and scheier says that represents premium of 36 and values the target company at more than 45 a share. No deal on the horizon right now and shire it spun off from baxter and they are not talking about the proposal. John cleary is in singapo
Even how we hail a cab. We have opportunities to dramatically reduce Public Safety, address infrastructure problems in creative new ways. The federal government can be a key player in helping to advance and utilize the developing technologies. Lets take a look at safety. While trafficrelated fatalities injuries continue to decline, over 30,000 people each year still die on our highways. We continue to see trains that derail too frequently. Putting enormous burdens on our first responders. In the face of these challenges we have got to understand the opportunity that comes with technology and improving our transportation system. Our country has already invested billions in interstate highways, bridges, rails and ports. Technology can help us to get more out of what weve already built. Today, there are exciting marketready proving solutions to make our roads safer. From automatic breaking, dispensers and even Autonomous Cars and drones. Advancements in taking control of a vehicle if it d