[laughter] david one of the most powerful women in the Business World is ruth perez. She started as an investment banker at Morgan Stanley, rose to be the cfo, and was recruited away to be the cfo of google and now alphabet. She has a norms influence and has done a great job in making certain their Balance Sheet works well and they really are more better organized. Ive no doubt she is going to be a power to alphabet, unless the next president says, i would like her to be secretary of treasury. She will be a terrific candidate for that position. During this time google has done quite well in alphabet has done well. Your stock is up 20 and i should say, from the time you became cfo, the stock is up over 200 in market cap over 200 . Done quite well under your leadership. Im curious, are more people looking at doing searches during this time than ever before or are people not spending as much time searching . Ruth people are spending a lot of time searching. We have trillions of searches e
David one of the most powerful women in the Business World today is ruth porat. She rose to be the cfo of google and now alphabet. In that role she has enormous influence at that company and has done a terrific job in making certain that the Balance Sheet works well and that they really are much better organized. I have no doubt she will be a power at alphabet for a long time unless the next president says i would like her to be secretary of the treasury. She would be a terrific candidate for that position. During this period of time, google and alphabet have done quite well. Your stock is up more than 20 this year and from the time you became the cfo, the stock is up over 200 , so its done quite well under your leadership. Im curious, are more people looking at doing searches now during this covid19 period of time than ever before, or are people not spending as much time searching . Ruth no, people are spending a lot of time searching. We have trillions of searches every year, precode
This comes after modest advances you did see gains. The second out of the last three sessions as joe mentioned it has been a rough week we are on track now if we continue on this pace to have the first down month weve seen since march. Looking at all the gains theyve built up on all of this. You are looking at fairly solid gains. It is a matter of days before we get to the end of the quarter. Take a look at the treasury yields now, especially the 10year. 0. 661 hasnt budged. Weve been sitting at these levels for some time weve got developing news right now. President trump asking a u. S. Court to let a ban on the tencent app wechat proceed the judge is giving the president to 2 30 this afternoon to postpone a ban on tiktok downloads. It doesnt pause the ban but says they must defend the policy in a sunday court hearing. The policy is currently set for 11 59 p. M. This sunday so a lot going on with the kvdel saga it was 11 59 last week too. What happens if you cant download it . Did you
His big tech hitting two big is big tech getting too big . Shery we are seeing u. S. Futures slightly higher, up. 1 , this after we saw stocks falling in the selloff in tech intensifying in the u. S. With the fomc leaving the markets and a Little Information lot of questions about the state of the economy and the recovery. We are seeing japanese futures holdings that he at the moment. At this of course as we head for the boj decision. Really not much change expected right there. Stimuluscy to step up receiving. We have a new cabinet in japan as well with the new Prime Minister su,gaga. Right now, under a little bit of it has reached the 105 level. Key restocks gaining. 25 . We have Second Quarter gdp numbers coming in sightly better than expected, but still, the worst contraction since the great depression, down 12. 2 quarter on quarter, haiti. Haidi haidi. Haidi the Federal Reserve pInterest Rates near zero. Interest rates near zero. Ever evolving to medications strategy it unveiled l
In the world is ruth parat. She started an as investment banker at Morgan Stanley. And recruited a way to be the c. F. O. Of google and now of alphabet. Influence. Mous i think she would be a terrific candidate for secretary of the treasury. She would be a terrific candidate for that position. During this period of time, google has done quite whelm fall bet has done quite well. Your stock has gone up. By the time you became the c. F. O. The stock is up over 00 . So done quite well under your leadership. Im curious. Are more people doing searches now during this covid period o time than ever before . Or are people not spending as much time searching . No, people are spending a lot of time searching. We have trillions of searching, precovid, post covid. Its really the nature of searches that changed. And so early in the crisis, people really migrated to shifting for information about the disease, what they needed to know, all information about covid. You then saw people shift to, ok, how