Fortt and leslie picker. Interesting morning as we await the fed decision this afternoon. Tim cook speaking with japans nikkei while visiting some apple stores and ink suppliers defending the companys job creation in the u. S. And complaints the company has faced over competition cook saying, quote, a monopoly by itself isnt bad if its not abused the question for those companies is do they abuse it. That is for regulators to decide, not for me to decide joining us to talk about this and a lot more, managing partner susan line and ciscos chairman emeritus, john chambers. Good morning, guys. Good morning. How you doing good. Lets try to put these comments in some context. Why do you think theyre happening now out of cook, at least . Well, i think theyre happening because theres a general concern over privacy and over moves to increase privacy at both facebook and apple products but i think for him, this was an interesting moment because its the first time hes really tried to defend a mon
Out to new highs deedra bosa has details on alphabet. Larry page stepping down as alphabet Ceo Sundar Pichai ceo both of google and alphabet in terms of day to day unlikely to see major changes which is why you may missouri not see a lot of change in the alphabet stock. Under google umbrella pichai ran advertising cloud devices, software he has been ceo since august of 2015 since then alphabet stock has soared relative broad are market but underperformed wig tap peerings remember the split from alphabet to google. Alphabet was the place where the moon shot including way missouri, selfdriefgt stores internet balloons and health care projects. Perhaps the question now is what happens to those moneylosin initiatives . Will we see more financial zmin under pichai and ruth porat from wall street mo has been known for financial dplin. As pichai steps up does he step away from those and the traditional businesses like advertising paying for them. Deirdre bosa wove been tweeting over this news
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The external accounting of our cities must change so that people who fought for our country lost an arm, a leg, several limbs, or are semiparalyzed to make them feel comfortable because they fucking deserve it. This is also not done even though, okay, maybe there is no money in the budget. In i have not even heard from most of them that there is work to be done for the postwar period so that there is communication like, okay, people, now we spend all our money on the army, no cobblestones , nothing like that, but we promise that as soon as the war is over, we will make our cities inclusive and people in castles with prostheses will feel comfortable here with this kind of communication. Unfortunately, i havent heard from yurii either. For the past few weeks , the subject of a possible change of the minister of defense of ukraine has been circulating on social media and in the expert community. Have been going on for a long time but now information has already appeared that it seems that
Story of the day, congressional testimony from j powell. The fed chair j powell maintains the economy is in good shape, labor market is strong with inflation coming down but the fed needs more evidence on inflation coming down before cutting interest. How much evidence . Maybe is not as much as we previously thought. More evidence that ill give us more confidence that inflation is on a path down o 2 sustainably. Not looking for better readings then we have had, but more of them and what will happen is as we go forward, 12 months will continue to drop. Because it will be lower than early last year. The first of two days of testimony before congress j powell says the fed can cut before it reaches 2 , he does not believe the economy is close to recession and higher bank capital rules could be re examined. He says it is possible before it goes to capital higher levels being withdrawn, they could be reproposed on commercial real estate. There will be losses, it is a serious problem, but mos