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Expenses. Regulatory and privacy pressures mount. Dar p china spoke on alphabets ceo spoke about this. The momentum has been great. Ever since thomas has come in, he has continued to invest across the board. Focused a lot on operational teams. It is playing out well in this business. To be inortant for you as many situations as possible. Nejra joining us now is bloombergs opinion tech columnist and Marija Veitmane from state street is still with us. Before this release, alphabet shares had hit a record. How concerned are investors going to be about this latest news . People are fundamentally investing for growth. There was a bit of dip in aftermarket trading. The cloud is becoming a very contested space. We saw pretty much the same from amazon last week, that they are also investing to defend their market share. Investing tole is secure their market share. They do Something Like ....
Income hit almost 3 million. 3 billion. Here is a key piece to that, u. S. Shale. Bp made a bet in july 2018 buying assets for 10 and a half billion dollars. The increase their foothold in the permian and elsewhere, that came with 4. 66 billion barrels of resources. All at low cost. Bp now wants to spend 2. 5 million in u. S. Shale and increased rig count to 1525 in 25 in count from 15 to the next two years. How do you develop that at 60 oil when shareholders only want capital discipline . Joining me is the chairman and president of bp america. So great to talk to you today, thank you for joining us. Your first tv interview. It is great to be here. Alix north america and bp, how critical is north america to bp . Susan huge. In terms of the 70 countries we do business in, our footprint is biggest here. We do everything here that we do globally. 40 of our stock is held here. It is a material part of our business. Alix and it will be a huge part of your shell business with the integration ....
U. S. Shale. Bp made a bet in july 2018 buying assets for 10 and a half billion dollars. The increase their foothold in the permian and elsewhere, that came with 4. 66 billion barrels of resources. All at low cost. Bp now wants to spend 2. 5 million in u. S. Shale and increased rig count from 15 to 25 in the next two years. How do you develop that at 60 oil when shareholders only want capital discipline . Joining me is the chairman and president of bp america. So great to talk to you today, thank you for joining us. Your first tv interview. It is great to be here. Alix north america and bp, how critical is north america to bp . Susan huge. In terms of the 70 countries we do business in, our footprint is biggest here. We do everything here that we do globally. 40 of our stock is held here. It is a material part of our business. Alix and it will be a huge part of your shell business with the integration of bhp assets. From your perspective, how is the integration going . What do you get ....
and driving hands free around the streets of london, we take a look at the driverless car that may be a gamechanger. let s now get down to business. let s start in the us, where it looks like interest rates will be headed higher and higher. speaking to a senate committee the chair of the federal reserve, jerome powell warned more action might be needed to stabilise prices and tame inflation. many analysts had been expecting another quarter percent rise when the fed meets later this month, but now some are predicting an ever bigger increase. investors didn t like the news, as you can see it sent us financial markets tumbling. the dow, nasdaq and s&p 500 all saw a sell off after powell s comments. our north america business correspondent samira hussain reports from new york. last year, the federal reserve raised interest rates at the fastest rate since the 1980s and it seemed to have helped inflation a little but the labour market remains resilient. the lastjob through sp ....
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