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
Good morning to you from me as well throwback thursday. Were throwing it back for the best anthems for pride month lets check in on the global markets. Showing you whats happening with futures after mixed ending to yesterdays session the nasdaq rose about 0. P the dow and s p finished lower. Biotech has been strong lately well talk about that. It was a big turnaround from where we stood this time yesterday. The nasdaq was down about a half percent and ended up three quarters of a percent. The futures were not a tell for the session. Nasdaq futures higher. Nasdaq down 1, s p down 3. Not a lot of movement this morning. Oil prices front and center. Those low prices a drag on Energy Stocks for sure also keeping yields lower. Wti, 42. 44, down about 0. 2 . Brent crude below 45 a barrel nat gas higher this morning. That meant energy was the worst performing sector but only just beating banks in terms of the underperformance. Energy down 1. 6 banks down over 1 focus on them again today ahead
Department of justice is responsible to congress. Mark european equities, just under 30 minutes until the finish of the session. You know the function. Macro movers come equities on the left. Look at the ftse up by one half of 1 . Nine Straight Days of records, that is a record run. Those are the currencies that are falling. The euro and pound against the dollar, today, sterling earlier falling below 1. 21, 123 is the key level which we will explain. Bonds, commodities, your final three columns. Corporate news, valiant Pharmaceuticals International agreeing to sell three skincare brands to the worlds biggest cosmetic company, 1. 3 billion. It wants to pay down the 30 billion in debt, that is valeant, embroiled in scandals about his drugs high process and regulatory investigations. Loreal paid a high price for the brand to challenge nestle in medicated skincare, the largest category in the cosmetics industry, accounting for more than one third of the global market, loreal shares down 4
Im wilfred frost. Lets get right to the markets. Little pressure for u. S. Equity futures after stocks closed higher yesterday across the board but still lost some of their earlier gains the dow finishing higher by 88 points. Futures now pointing to a weaker start down 26. S p futures down nearly five points. Nasdaq futures down almost six. As for the ten year treasury note yield the bond market was closed yesterday columbus day holiday back open today. 1. 77. Strong driver for stocks like financials and utilities, both of those in opposite directions depending on what yields are doing. This morning yields are higher and dollar stronger indicating that higher odds that the fed moves this year on Interest Rates. Yields going slightly the other direction in europe and the uk this morning so just showing that strength of momentum in pushing yields higher in the u. S. Managing to buck the trend of european yields. Lets have a look at european equities though right now and at the moment as