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Which left 32 people dead. Global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Bloomberg technology is next. Im caroline hyde. This is Bloomberg Technology. Shares neardobe record highs as the Software Giants beats rivals in the cloud. Santander narayanan tells us what he is still worried about. Googles android is serious about fighting hackers. We will see how the company has beefed up companys beefed up security efforts fared last year. And an ambitious expansion plan. The challenges it may be up against explained. First, it was a tragic wednesday for london after the u. K. Capital, my hometown, suffered its worst terror attack in more than a decade. We will bring you any breaking news throughout the hour. Now lets focus on the markets if we can. After the worst selloff in mo ....
Which left 32 people dead. Global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Bloomberg technology is next. Im caroline hyde. This is Bloomberg Technology. Shares neardobe record highs as the Software Giants beats rivals in the cloud. Santander narayanan tells us what he is still worried about. Googles android is serious about fighting hackers. We will see how the company has beefed up companys beefed up security efforts fared last year. And an ambitious expansion plan. The challenges it may be up against explained. First, it was a tragic wednesday for london after the u. K. Capital, my hometown, suffered its worst terror attack in more than a decade. We will bring you any breaking news throughout the hour. Now lets focus on the markets if we can. After the worst selloff in mo ....
Thank you for joining us on squawk alley. John is at merge in miami, flori florida, and we will get to him later, but at post 9, kelly evans. Good morning. And joining us from out west is jason calakanas who is an invester and we have a lot going on in the market, and dow and s p 500 nasdaq posting the intraday highs today, and the dow is holding e steady above 18,000, and russell 2,000, and the dow transports are out of correction territory, but start with the netflix today, jason, because the shares have been hit hard when the company gave weaker than expected subscriber guidance for the coming quarters and 2 million additions rather than the 3 million that the investors were expecting, and also, there was a offering of prime video stand alone which was talked about on the Conference Call from reed hastings, and we have that. So take a listen. Hulu is doing great work, and amazon, and hbo and showtime, and so many competitors, ....
At 2016 highs. But we begin with big changes at intel. The company is cutting 11 of its workforce. Its cfo is moving to a new role. And its taking a onetime charge of more than 1 billion in the Second Quarter. This after the dow component reported weaker than expected firstquarter revenue and said the Current Quarter wouldnt be much better. It was that soft outlook for Second Quarter revenue that weighed on shares in afterhours trading. Intels current cfo said the changes at the company are all part of its broader strategy. What we went to do now is accelerate that transition. And so this restructuring is a tool to do that. And what it allows us to do is it allows us to be more efficient, to be more profita e profitable, and to increase investments in some of these new areas. The data center, the memory, internet of thi ....
But we begin with big changes at intel. The company is cutting 11 of its workforce. Its cfo is moving to a new role. And its taking a onetime charge of more than 1 billion in the Second Quarter. This after the dow component reported weaker than expected firstquarter revenue and said the Current Quarter wouldnt be much better. It was that soft outlook for Second Quarter revenue that weighed on shares in afterhours trading. Intels current cfo said the changes at the company are all part of its broader strategy. What we went to do now is accelerate that transition. And so this restructuring is a tool to do that. And what it allows us to do is it allows us to be more efficient, to be more profita e profitable, and to increase investments in some of these new areas. The data center, the memory, internet of things dominic che ....