Women in the Business World is ruth porat. She started as an investment banker at Morgan Stanley, rose to be the cfo, and was recruited away to be the cfo of google and now the cfo of alphabet. In that role, she has enormous influence at that company and has done a terrific job of making certain their Balance Sheet works well and that they are much better organized in the financial sense. I have no doubt she will be a power at alphabet for some time unless the next president of the United States says i would , really like her to be secretary of treasury. She would be a terrific candidate for the position. So during this period of time, google has done quite well and alphabet has done well. Your stock is up more than 20 this year and i should say, from the time you became cfo, the stock is up over 200 and market cap is up over 200 . They have done quite well under your leadership. But i am curious, are more people looking at doing searches now during this covid19 period of time more tha
In the morning and know that 30 million americans want to know the state of your health that day . [laughter] david ruth porat started as an investment banker at Morgan Stanley then was recruited away to be this cfo of google, now the cfo of alphabet. She has enormous influence at that company and has done a tremendous job at making sure their Balance Sheet she will be a power at alphabet for quite some time unless the next president of the United States says he wants her to be the secretary of the treasury. Google has done quite well. Your stock is up i more than 20 and i should say from the time that you became cfo, the stock is up over 200 . It has done quite well under your leadership, but i am curious, are more people doing searches now than ever before or are people not spending as much time . Ruth people are spending a lot of time searching. We have trillions of searches every year precovid, post covid. It is the nature of searching. Crisis, people shifted to searching for infor
Next the director of the federal Housing Finance agency testifying on housing and mortgages during the coronavirus pandemic. House Financial Services Committee Members asked him how his agency is handling the rice in foreclosures and forbearances as well as the operations of fannie mae and freddie mac. The hearing runs over three hours. The committee will come to order. Before we begin, i want to remind members of a few matters including some required by the regulations accompanying House Resolution 965, which established a framework for Remote Committee proceedings. First, i would ask all members to keep themselves muted when theyre not being recognized. It will minimize disturbances while members are asking questions of our witnesses. Members are responsible for muting and unmuting themselves. The staff have been instructed not to mute members except when theyre not being recognized and theres background noise. Members are reminded that they may only attend one remote hearing at a ti
[indistinct conversations] quest legacies far enough down the line. I guess he is far enough down the line. The committee will reconvene. I will recognize myself for five minutes. I have asked staff to provide you with a cover with this. Hart when numbers are that far apart, mine and yours, i think the public and the record are deserving to know what we are talking about here. These chart are people who are traditional unemployment people. I think that is your number. ,hen you add the red to that with the contractors, you get up to about 27 million. We need to make sure we are talking about the same thing. People. King about all we would be more than happy staff and reconcile this afterwards. On ank if you add them up cumulative basis, as opposed to how many people are on employment assistance as of august 4, because there are more people here than there are unemployed but i would be happy to follow up and reconcile. Thank you. A couple of things that were said in the first round, i wa
The s p down 2. 5 and the dow 2. 7 the s p dropping 4. 4 last week and lets take a look at some of the specific names in all of this falling 7. 4 netflix 6. 6 and then the one everybody is talking about tesla. That stock plunging 10. 9 . Whenever we can talk about algorithms, do you know what im saying i like it as the secret sauce, wow, i wish, you know, i wish i took a little bit more calculus or math or whatever. Do you know lets talk about it because theres so much. Youre all fired up youre tweeting about it and i dont follow you belief it or not because i like to enjoy my weekend, but someone retweeted your stuff to me and im like oh, geez anyway, youre mad because trump said he wouldnt do a partnership ever when it was microsoft and now he likes oracle i figure its because well talk all about it all right make it i know. Do you know what im going to do im going to read this and say andrew take it away. Making headlines, sources telling cnbc that oracle is set to be announced as t