Good to see you. Great to be here. Obviously, tax reform bill is first on our list today, waiting for the president s signature. Meantime Corporate America promising more pay for workers at t, our parent, comcast, and others unveiling bonuses or an investment in training questions still remains in terms of how the tech world will be impacted by the bill weve had some discussions about how they dont have as much to gain on the rate, per se, as some other sectors, but i wonder what you make of the responses from Corporate America in the first day. I think a lot of corporations are cashing in on our new personal saver culture and p. R. Culture saying, basically, were onboard with you you had a great idea to raise wages, were doing that, investing in the United States please, approve our big deals that we want to have and think of us fondly when it actually turns out that most companies dont increase wages from their tax cuts so, i know they hint of cynicism in your answer. If any little b
As we speak. First, we start off with breaking news on alphabet. The Parent Company of google lets get to josh lipton for all the details. Reporter melissa, big breaking news here on alphabet which is just now announcing that as of its next regular board meeting, eric schmidt will be transitioning hell be stepping down from his position as alphabets executive chairman, instead becoming what is described here as a technical adviser to the company importantly, he will continue to serve on the board schmidt saying here in a statement, melissa, in recent years ive been spending a lot of time my time on science and Technology Issues and philanthropy and i plan to expand that work. Of course back in 2001, googles founders brought in schmidt to help scale the business, a company that now does more than 75 billion a year in annual revenue. Schmidt himself worth an estimated 14 billion. Im told this transition has been talked about for about a year it will be interesting to see who now steps in
13yearold cecil the wind was known to visitors in that the lion was a word out of the plot to be killed. James palmer paid 50,000 to shoot and kill the much loved lion with a bow and arrow. He did everything legally appeared relied on as guys and did not know the line was a local favorite. The new york yankees making a Statement Last night. Scoring 11 runs in the second inning last night. They went on to beat the Texas Rangers 21 to five. Back to our top story right now. Roger goodell up with in the fourgame new England Patriots Quarterback Tom Brady for his role in using a deflated football during the afc championship game. Equating it to the use of illegal steroids. For steroid use appears to be the closest parallel and improper effort to secure competitive advantage threatening the integrity of the game. Jim gray was the last reporter to interview brady oneonone and had this to say to sean hannity last night. Theyve taken 7 million on this. All they can come up with is circumstantia
Affiliation, so we have very interesting orderly process and, you know, i asked each person what they wanted to do and i gave them one minute each . Each. I wasnt interested in anyones life history, and it was really sort of what do you want to do, and we had a few options and virtually Anyone Running a Public Company was on that group could nod and deal with the pressure from their constituents and so i basically said, well, it seems pretty clear, you know, that i really didnt want to have a melting ice cube type of thing. People were under legitimate astonishing pressure you should have seen some of the emails that i got tell me you know i was accused by people of being a nazi i mean, im jewish struck you as absurd, right it was absurd and i got hundreds of these things and so it was pretty clear that the country itself felt like it was going out of control we had a logical meeting, and decided that there was just too much pressure for too many people all running public companies. An
Brian . Thanks. Im Brian Sullivan at apples 5 billion headquarters in cupertino. Probably a new iphone, maybe a new tv product, a new watch. Could there be surprises we dont know. A lot of questions well get answers in a moment. Michelle going to be exciting. Im Michelle Carusocabrera at the alpha conference Tyler Mathisen is with me, too we have been speaking with important investors in the world. We are going to bring what they said coming up in the next two hours on power lunch. Melissa, back to you lets check the markets and keep up on the rally stocks are mostly higher s p 500 hitting record highs nasdaq has been digging in and out of record territory. The dow would be higher if it were not for mcdonalds. They are down 3 because they will report below consensus estimates. This cites, specifically, the storms harvey and irma we want to point out gold mman sachs up about 2 and Apple Holding steady as they kick off their event in cupertino lets get to brian at apple headquarters we h