Picture. Goldmansachs expects the fed to begin easing in q2 of next year. Also ahead, were going to talk about what is next for the tech sector. This is in the midst of whats been a rough august at least so far. Were down 7 month to date. And letter x Surging Company rejects an unsolicited takeover offer from its rival, cleveland cliff. Lets get some other news, though, as well, as we start the show paypal has a new ceo whoa. Yeah. Alex, who currently runs the Small Business and selfemployed group for intuit, is going to take over from paypals longtime ceo dan shulman on september 27th according to members of the board a little earlier than expected they conducted the search for paypals new ceo shulman will remain a paypal director until next may. Chriss being hired was a result of the process where the board interviewed nine ceos. They reduced that pool to four candidates and then they chose mr. Chriss members of the Board Selection Committee tell me he impressed them with leading a d
Cooler numbers marks the fed has reached the end of the hiking cycle. And siemens has a net quarter loss the ceo tells cnbc it will take years to work through the challenges keep in mind the charges are provisions for the future. We expect this over the next year to evolve and it will take us twotothree years to work through this of and berkshire jumps to 150 billion with Warren Buffett posting a 7 rise with chevron paying off for the oracle of omaha. Very warm welcome to street signs and special because it is the first time in over a month were back together. We calculated it. Five weeks we havent done the show together. I missed you. I missed the show. It feels good with that, i guess we should talk about aramco. A hard pivot. Lets get to it. The earnings do continue to roll in this time from aramco with 40 plunge in Second Quarter net profits with low oil prices with refining and chemical margins. Dan has been pouring through the numbers. Dan joins us now dan, it looks as aramco wea
Good afternoon, everyone. If folks can please take their conversations to the lobby, we would greatly appreciate it. Were about to get started with an open Meeting Press conference. We have a pretty lively and lengthy meeting. I would like to give the chairmen as much time as possible to answer questions from the reporters in the room. Thank you. Good afternoon. All right. Lets start. Why dont we start with david . I wanted to ask specifically about the orders effect on the chinese carriers. Could you please turn on your microphone . The red button. Can you speak to the current state of broadbrand services being promoted by chinese carriers . First things first under section 214 to have communications act, the f. C. C. Authorizes the provision of communications in the United States. We also have the authority to take away the authorization for providing service. As you know during the last several years, we took away that authorization from several chinese carriers. During that term, h
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