Other areas. I sat down with eric schmidt in new york at the new York Economic Club for a wideranging conversation. Here is that dialogue. Let me begin with a couple of questions. When you went to google, they said to you, we need an adult in the room. [laughter] because it was a good day for you. Eric it was a good day for me. It is an honor to be here. Thank you very much for inviting me, and charlie, thank you for doing this as well. Larry and sergey decided they needed someone to sort of run things, and they had spent 16 months interviewing people, and they make them do things. To become ceo, you have to go skiing with them, or you have to go to burning man with them. And very few people met the test, apparently. But i was fortunate enough. I told them i would not spend the weekend with them, but we made a list of things to do. Charlie 10 years as ceo. What was the most wonderful thing . For you, for the company as you see it . Eric my world is full of beautiful ideas that are not
In medicine, biology, and many other areas. We were at the new York Economic Club for a wideranging conversation. Let me begin with a couple of questions. , theyou went to google said to you, we need an adult in the room. [laughter] because it was a good day for you. Eric it was a good day for me. It is an honor to be here. Thank you for inviting me. They had decided that they anded someone to run things have spent 16 months interviewing people and made them do things. Ceo, you had to go skiing with them or go to burning man with them. And very few people met the test, apparently. To them i wasnt going charlie 10 years as ceo. What was the most wonderful thing . My world is full of Brilliant Ideas that are not monetize a bowl in the sense that people have amazing ideas. In order to build a company of that success my google or r,cebook or cooper, or ube you need to have a significant change in the way the revenue will come in. We invented targeted advertising which is really much better
An hour. Welcome to the midpoint of intx 2016. We have had a great couple of days so far. We met arianna huffington, we talked with michael powell, we had a conversation with brian roberts. Quite a display he put on about the upcoming olympics and the technology. We have had conversations with john king and jorge ramos. We have celebrated terrific events and programs with cable tv pioneers. Fameable center hall of last night, outstanding. Women in cable, a great lunch. Many other groups. On the marketplace floor, we have discovered the joys and wonders of virtual reality. Of tv everywhere. And the everexpanding content display technology. We have also been immersed in news and information about the internet. And television. And imagine part. Through dozens of Panel Sessions and discussions. It is fitting that all of those developments have led to this afternoons great general session, probably the most disruptive of intx 2016. We are going to get to hear from the people who have disrup
Satisfaction in me welcome to squawk alley. Im here with jon fortt, mike san tolli, and scale ventures cofound, and ed, welcome to post 9. To our top story, the major averaging coming off a record day of record highs, the nasdaq its third positive close in a row, the dow is down about 50 points or so on the heels of another bullish by Warren Buffetts berkshire hathaway. Hey there, carl, berkshire has made news again by an apple position. To a total of 9. 8 million shares at this point. Its a vote of confidence, but also a reflection of the new generation of managing money at berkshire, where Warren Buffett for the most part has avoided tech stocks. Now some appear to be wading into that territory. At the same time, and ill make a caveat that these are dated june 30th, and things may have changed, other big investors appear to be more bearish. George soros dissolving a fund, and moore sold out of the name entirely as well. Changing the position by about 75 , while greenlight shaved its
Companies have to deliver for their employees, customers and shareholders every day. Im proud of all we do and how it figured into the moral fabric of america. It seems senator sanders is missing the point. So its directing commentary back at sanders. Completely understandable. I agree with every word. The rhetoric is just ridiculous. Ge is a great company. Great companies create enormous value for the world and Great Companies focused on the three constitue constituentcies so thats what we need more of in the world. Not fewer. Why has it taken so long for business to start to punch back . And does this kind of stuff play in peoria or has it made sanders a viable candidate . Whats making sanders a viable candidate and trump a viable candidate is a huge inequality developed in this country and corporations do have to account for that. Part of it is were taking high paying jobs and going oversaes and replacing them with low paying jobs. We need to pay people more in this country and abou