President trump has yet to detail any stimulus plans to stem a potential economic slowdown. Big tech names also feeling the pain. Uber and lyft plummeting amid concerns Everyone Wants to shelter in place. Lets get straight to Abigail Doolittle in new york. Give us the big picture on the pain. Abigail truly a brutal day for markets in the u. S. And frankly, around the world on these coronavirus fears, what the impact will be on the global economy, especially now it is being called a pandemic. Before we know the true scope in the u. S. , look at the decline for the major averages. Dow in a their market. S p 500 flirting with that territory. Investors want out of stocks. They get they cannot take the risk. Finished downy slightly at one point higher. That could do with the fact that they are offering around stimulus, something we are waiting for more details on later today. Lets go into the bloomberg terminal and look at what is happening right now for global growth. 4 e are the china dow
Sources say the ftc is widening its investigation of amazon to include its massive cloud business. And u. S. Senator Marsha Blackburn on the social media app tictoc. Tiktok. We will hear from her after they say they have made changes. But we begin with major changes happening in alphabet. Larry page and sergey brin announced they are stepping down from the tech giant. The google ceo will now be the ceo of both google and alphabet. They will remain active as cofounders and remain on the board. Tuesday. O guests on it was a pretty big surprise. Questions about how much longer sundar might want to be ceo of google. Those questions have been a little bit. Google is under a massive amount of scrutiny. He has a lot of things to juggle. There have been internal protests. This really was a surprise where basically he has had to deal with all these things and he will be back dealing with all of the other things happening under the alphabet umbrella which includes self driving cars and other thi
And our extended conversation , with the ceo of qualcomm. Why he thinks 5g will change the way we do business forever. It is starting to feel like the Holiday Season. Americans got out their wallets over the holiday weekend, spending more than 70 billion on shopping over that fourday period. Amazon is gearing up for the heavy spending month by heading back to basics, testing cheap warehouses. That will let merchants to store resources near amazon delivery locations. It will let merchants avoid storing their goods in amazons warehouse base where they pay premium prices. To discuss, we are joined by ysomberg technolog spencer. What do we know about the new Service Called storage and replenish . Spencer we know they are giving this a try in southern california. Highlighted it nicely. The problem with amazon this time of year is it is always a race to create capacity. It has these expensive automated facilities with conveyor belts, robots shuffling things around. Those facilities are expen
Following googles larry page and sergei brin announcing they are leaving. The tech sector saying a lot of goodbyes. Clouds gather. Sources say the ftc is widening its investigation of amazon to include its massive cloud business. And u. S. Senator Marsha Blackburn on the social media app tiktok. We will hear from her after they say they have made changes. But we begin with major changes happening in alphabet. Larry page and sergey brin announced they are stepping down from the tech giant. The google ceo will now be the ceo of both google and alphabet. Page and brin will remain active as cofounders and remain on the board. I spoke to guests on tuesday. It was a pretty big surprise. There had been questions about how much longer sundar might want to be ceo of google. Those questions have been a bubbling up a little bit. Google is under a massive amount of scrutiny. He has a lot of things to juggle. There have been internal protests. This really was a surprise where basically he has had t
Say we often disagree. This seems to be the way this relationship has gone, but we do get there in the end. The background is the question about taxation france has threatened on the american internet giant and reciprocal tariffs. We are getting used to the question of trade being used by both sides to try to lever the alliance to get the results they want. There a chance trade may be used to in another way . President trump is not defending nato, but he is concerned about the contributions from members and suggesting we might even use trader tariffs to get various members to contribute, particularly germany. David m. many of the countries in the alliance have responded to the threats mr. Trump is making on the question of spending and have upped their budgets. He says he has come round to nato because it seems to be flexible. Germany is still in his sights and he said explicitly that if they do not toe the line and agreed to increase spending, he will look at more tariffs to try to pu