Alphabet. Well explain. A surprised evaluation of chinas wand sending it to new multiyear lows against the dollar. And shake shack, the company Beat Estimates and boosted guidance. First google creating a new Holding Company called alphabet which will become the parent of google. The google unit will include youtube, android and ad sense while nest, and Google Ventures will be the other ventures within alphabet. Alphabet will replace google as a publicly traded entity. Ticker symbols will remain goog l g oog. The Washington Post is calling this almost unprecedented, a General Electric for the digital age. People at home are going to be confused. It does matter. The price to earnings multiple has been controlled by a mishmash of company. If you could see the profitability broken out, you might want to pay up for google. Thats what people are doing. Ive heard a lot of analogies to these holding companies. Id like to analogize to am don. When they broke out web services you said holy cow.
The Italian Economy grew by. 2 . The estimate was. 3 . France is stagnating and germany missed. Francine has had a little bit of an impact on euro dollar. Breaking news from greece. The government there is to request a confidence vote after talks concluded with the countrys creditors. Anchor it will follow a pame. To the e. C. B. Lets get straight to mark barton at the breaking news desk. This is a series of events that we thought might happen. Who brought this confidence vote forward . Mark yes, the vote passed. A majority of more than 151. Big majority. Hence we have the confidence vote after august 20 which as we know is the day that greece owes the e. C. B. Money. It needs that money to pay the e. C. B. So were in the quite there yet. Thet is just another day on calendar on top of a lot of dates in the next few days starting with the euro area finance ministers meeting at 3 00 p. M. In brussels. Lets remind our viewers what happened. Lawmakers approving that bailout that may unlock
With that in mind, starting on my immediate right. Senator Joseph R Biden junior of delaware. [applause] please, we save time for the candidates to speak. Former Arizona Governor bruce babbitt. [applause] jesse jackson. [applause] Massachusetts Governor michael dukakis. [cheers] junior of albert gore tennessee. [cheers] misery covers been richard gephardt. And illinois senator paul simon. ] may have remind the audience these men are restricted to a minute and a half of time and if you apply the they will have less time to express their views. Director canal, farm of km a radio in shenandoah. George riley managing editor of director ofnews kagan ss radio in sioux city. The official timers are john delight and phyllis sherman. The ground rules for the audience for this nonce partisan nonpartisan debate, no carefree no campaign her yet, no applause until the end of the debate, interruptions by resulting your candidate being deprived of that much time. We ask you please remain seated durin
Center. Theres plenty of cloud cover sweeping across the region. Not that we wont see some sun breaking through at times but high clouds begin to filter in and theres whats left of irma, no longer a Tropical Storm and anything we get out of this is probably going to be falling apart today. Tomorrow i think theres a better chance of some spotty brief showers popping through. 62 degrees in philadelphia, 52 in allentown, karens right yesterday we were down into the mid 40s in some of our northern and western suburbs. Not so this morning. 58 in wilmington. 62 currently in cape may and as we go through the afternoon, not too bad. Well see those clouds increasing as the day goes on but it will be warm and pretty comfortable. 76 degrees by noon. By 3 oclock, thats your high, 81 degrees. And by 5 oclock, 79. So, for the bus ride in this morning, you dont need to be quite as intense with maybe a jacket or whatever as there still isnt too much wind out there and temperatures are not quite as bad
A little bit chilly again this morning. We have some high clouds. Take a look at satellite. Youll see some breaks in the clouds and there will be some sun today but a lot more cloud cover around than there was yesterday and those showers down to our south so far you can see how theyre just falling apart as they try to head up into washington. I think we stay dry today and then tomorrow we get some of those irma related showers popping through at times. 61 degrees currently in philadelphia. 53 in allentown and reading. Thats cool but not as bad as yesterday when you were down in the mid 40s so improvement this morning. 62 degrees in cape may. 58 in wilmington, 55 in trenton and not much wind either which is nice when its cool. 59 degrees by 7 oclock. But after that, we warm up. 76 degrees for your lunch hour. And 81 when the kids are coming home from school at 3 oclock. That will be your high this afternoon. 79 by 5 oclock and by 7 oclock, 74. Some showers from irma possible tomorrow. I