Holding company with that name, alphabe in an effort to shake up the way the firm is organized. And the new Holding Company will include the business that google is best known for. Search. The news which came after the close of trading sent shares higher initially in the afterhours session, as you see there. John ford is here with what this move means for the company and for shareholders who either own the stock directly or through etfs and funds. Was this reorganization in any way rumored and what does i do . Not rumored at all. Had to do a doubletake to make sure this was real. This company,indeed, called alphabet, within ital will it exist google inc. And that company has a new ceo. Larry page, the former ceo of google is going to be the ceo of alphabet. The ceo of google is going to be a guy named Sundar Pichai, served as googles chief operating officer up to this point. As of q4 he will be the ceo, including under his watch will be, yes, search and pretty much all of the revenue p
Holding company with that name, alphabe in an effort to shake up the way the firm is organized. And the new Holding Company will include the business that google is best known for. Search. The news which came after the close of trading sent shares higher initially in the afterhours session, as you see there. John ford is here with what this move means for the company and for shareholders who either own the stock directly or through etfs and funds. Was this reorganization in any way rumored and what does it do . Not rumored at all. Had to do a doubletake to make sure this was real. This company,indeed, called alphabet, within it will it exist google inc. And that company has a new ceo. Larry page, the former ceo of google is going to be the ceo of alphabet. The ceo of google is going to be a guy named Sundar Pichai, served as googles chief operating officer up to this point. As of q4 he will be the ceo, including under his watch will be, yes, search and pretty much all of the revenue pr
Their reputations through a different lens now and the potential that fake news could be something they have to fight off in order to guard their reputation. Bagging a beat. Sta sainsbury trades higher, but the impact of the pound remains uncertain. A guilty plea and a 4. 3 billion settlement. Vw hopes to draw a line under its diesel emissions scandal in the u. S. With a draft deal that it hopes can be sealed before the government transition. Good morning. We have a lot going on. We have it all covered for you on street signs. Wanted to kick off with breaking news. The kremlin has just come out and said that they do not have compromising material on trump or clinton. Documents say russia has compromising information on trump. Thats false, says the kremlin. The kremlin goes on to say hysteria is being whipped up to maintain a political witch hunt. The kremlin says they understand that tillerson will be quite tough in his line on russia. They say that possible new sanctions affecting u.
Here is what is so difficult to fathom about this market. Everything weve learned in the last decade is worthless. Every relationship, every alga rhythm, none of it works anymore. Not only that, even the old paradigms from previous decades are worthless. With stood the test of time of going gonzo and were baffled, especially on bullish days like today where the dow gained 92 and nasdaq 3. 2 . Its almost as if we have a whole new environment that doesnt jive with the reality of the old days and therefore seems to be nonsensical and its positive animal spirited nature. I say thats plain wrong, people. This market is fathomable but right before our own eyes, we are undoing a ton of what weve learned. Because were simply on a journey to a different arguably better place. Let me give you the road map of everything we have to unlearn and perhaps that will help us see how stocks can keep hitting what seemed like unbelievable new highs but id say our rational exuberant. When the Federal Reserv
House. Europe is mostly green. The tenyear cracks 2. 51, Oil Inventories are headed our way. Our roadmap begins with retailers meeting President Trump. Wellknown Retail Executives headed to the white house this hour expected to make their case against a proposed border tax plan. Plus, the s p eyeing its longest winning streak in three and a half years with fed chair janet yellen back on capitol hill today, can the broader markets continue to hit these multisession highs . And pepsi beats on Strong Demand for healthy snacks and drinks. Hue johnson, the cfo will join us on cnbc. First up, Retail Executives set to meet at the white house this morning amid industry concerns about a border tax on imports. Including ceos of target, gap, best buy, jc penney. Later on the president will hold a joint News Conference with israeli Prime Minister Benjamin Netanyahu before their white house meeting in the middle of the day. Jim, so many directions to turn today. Our coverage is going to sound a lit