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
Nasdaq had its ninth positive month out of the last ten. The worst performing sector, energy not a surprise given wtis performance, down about 6 thats the worst month for wti since march. As for the year so far, the nasdaq is leading the way. Its up more than 19 . The dow is higher by 11 the s p 500 is up by 10. 4 check the global markets. Things were kind of friendly in europe not much happening in the asian markets. Japan and the hang seng and shanghai european equities were more positive a half percentage point gain in average in most of the bourses look at the dollar got over 1. 20, back down to 1. 19 the tenyear, 2. 13 do you go straight do you have a gauntlet from your house to your car . Do you get in a garage do you know, it felt like fall was 55 degrees. 56r7b8g 55. Realfeel 50 i walked out in my sleeveless dress, grabbed a sweater came back out. Theres some leaves around. Rustling a bit. That went fast, didnt it. Way too fast. We still have this Weekend School starting we do.
Good morning from the studio 57 newsroom at cbs news headquarters here in new york. Good to be with you. Im annemarie green. The Trump Administration says relief efforts in puerto rico are going well. Acting Homeland Security secretary elaine duke, who visits there today, says the effort is under control, but millions of people on the island tell a much different story. According to one puerto rican lawmaker, the federal response has been a disaster, and the department of defense says nearly half the people on puerto rico remain without water. Now a senior general is on the ground coordinating the military relief operations. Nikki batistas here in new york. Good morning, nikki. Reporter good morning, annemarie. President trump cleared the way for more supplies to head to puerto rico yesterday, waving restrictions on foreign ships delivering cargo to the island. He later tweeted, fema and First Responders are doing a great job. A threestar army general is spending his first full day in
Good morning from the studio 57 newsroom at cbs news headquarters here in new york. Good to be with you. Im annemarie green. The Trump Administration says relief efforts in puerto rico are going well. Acting Homeland Security secretary elaine duke, who visits there today, says the effort is under control, but millions of people on the island tell a much different story. According to one puerto rican lawmaker, the federal response has been a disaster, and the department of defense says nearly half the people on puerto rico remain without water. Now a senior general is on the ground coordinating the military relief operations. Nikki batistas here in new york. Good morning, nikki. Reporter good morning, annemarie. President trump cleared the way for more supplies to head to puerto rico yesterday, waving restrictions on foreign ships delivering cargo to the island. He later tweeted, fema and First Responders are doing a great job. A threestar army general is spending his first full day in
High. But it wasnt easy. It had to erase an early 100point slide to extend its record setting run. Just yesterday, the index finished above 23,000 for the first time ever. Apple was the days early sandbag on reports of weak demand for its new iphone 8. Goldman sachs and boeing didnt help much either. But a late day rally fueled in part by verizon well have more on that in a moment helped the blue chip index eke out a gain. The dow rose five points to 23,163, an alltime high. Nasdaq dropped 19. The s p 500 rose a fraction. Todays market move was nothing like the one that occurred 30 years ago. October 19th, 1987, black monday. The worst oneday stock plunge in history. That day ended with the dow down 508 points, about 23 , to a Closing Price of 1738. The selling was monumental. The decline nervewracking. Nightly Business Report paul canning was there to give views a rundown. Reporter prices on the new York Exchange continued to plunge today in an extension of fridays record loss, down t