Dorsey, and alphabets sundar pichai, are set to testify virtually tomorrow. Section 230hange could have longterm ramifications on free speech on the internet. Banned news political ads. We will ask Cambridge Analytica whistleblower as part of our special electioneering series. First, lets get a read on stocks and microsoft results. Abigail doolittle with us from new york. Big beats out of the gate. Abigail in the after hours, they are trading higher. Although i think what we are about to look at could be all over the map at the moment. They are talking about the idea that further lockdowns could hurt demands. Their Cloud Business was weak. Microsoft Cloud Business very strong. That was a piece of the beat. Maybe part of the business that could have gone to microsoft. Again, after hours, this stock is trading higher on the year. Valuation is rich, but the theter is good enough that stock is doing just fine. The s p 500 index and the dow down once again. The nasdaq climbed sharply higher
The twitter ceo is set to spend half the year in africa. Plus, we speak to the u. S. Deputy assistant secretary of state for cyber munications and communication policy for an insiders view of the u. S. Versus huawei. First, major changes happening at alphabet. N are page and sergey bri both said to be stepping down with Google Ceo Sundar Pichai set to take over that position. The ceo ofai will be google and alphabet. Page and brin will remain on the board. How big of a surprise was this . Aickly pretty bigs up pretty big surprise. There were questions of how much longer sundar might want to be ceo of google. 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 is able 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 things. Sergey asth larry and asiona
What this means for his role at the social network as well as square. Plus, we speak to the u. S. Deputy assistant secretary of state for cyber munications and communication policy for an insiders view of the u. S. Versus huawei. First, major changes happening at alphabet. Larry page and sergey brin are both said to be stepping down with Google Ceo Sundar Pichai set to take over that position. Sundar pichai will be the ceo of google and alphabet. Page and brin will remain on the board. How big of a surprise was this . A pretty big surprise. There were questions of how much longer sundar might want to be ceo of google. 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 things. Taylor with larry and sergey
Called it chinas best detective. We will hear from her after tictoc has said it is made changes. A Software Company beats thirdquarter earnings estimates across the board but after hours, shares are falling. We will break down the numbers. First to our top story. The shakeup at alphabet. The cofounders step down from the parent company. Investors responded by sending shares up on the company about 2 . To discuss, dan morgan, senior portfolio manager. Also with us mark bergen who covers the company. We spoke care about 24 hours ago. Remind us again if this is the right time to be taking over both companies. Wall street thinks so. Hes been running google since 2015. Alphabet, for all intents and purposes, is google. 99 of the revenue comes from google. Wall street had been uncomfortable with the expenses founders have made and bigger bets that have not panned out. This might be a sign that there is professional management at the helm. From employees, i have heard mixed results. Some say
We will find out. And some say just when you called into a netflix show, it is canceled. Why the ax falls so quickly. We explore. Our top story, the trade war between the u. S. And china, President Trumps decision to delay 10 tariffs on an additional 300 billion of chinese exports hasnt stopped beijing from hitting back. A report says china has no choice but to take necessary measures to retaliate. Apple shares have rebounded. According to bank of america, apple is facing a much lower impact from tariffs as a result, and the impact to Company Earnings could be minimal if products are exempt. To discuss the continued trade standoff we have eugene munster, and in los angeles, bloomberg trade reporter sarah mcgregor. Sarah phyllis and over the last 24 hours, still no sign of how china will tell will retaliate, right . Sarah we dont have a clear picture yet of how china will retaliate. The week is such a whirlwind, the trade war, so many ups and downs. Companies like you said, the apples o