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
China is stepping up support for its economy by wrapping up spending and considering new measures for back lending. Beijing will make more money available to local governments and minimal amounts banks must set aside to cover bad loans may be reduced. Lets take a look at the market. Hong kong and china are closed for lunch. But they fell in the morning session. After two days of gains, the japanese stocks as well as singapore are all down. I will be back in half an hour. Emily this is bloomberg west. Last years Growth Stocks are this years biggest losers. A dramatic revaluation. Groupon shares get a huge boost on news that alibaba has taken a big stake. Major investors weeding out largecap technology out of their portfolios. The major revaluation of Technology Stocks underway in 2016. We will focus on three companies in particular, netflix amazon and activision blizzard. There was a time when the only thing they had in common was the description as Growth Stocks. Today the businesses b
Appropriate. Former United Nations secretarygeneral interest which pope francis is in mexico where he delivered a massive stadium rally on behalf of fighting the drug trafficking. That is bloomberg news. Emily this is bloomberg west. Last years worth stocks are this years biggest losers. A dramatic revaluation. Groupon shares get a huge boost on news that alibaba has taken a big steak. Ake. Major investors meeting out largecap technology out of their portfolios. The major revaluation of Technology Stocks underway in 2016. We will focus on three companies in particular, netflix amazon and activision blizzard. When the onlyme thing they had in common was the description as growth stocks. Businesses bleed together. They all can pediatrician content for us streaming video. Into 2016. From 2015 all the stocks have been slammed in 2016. More than 20 declines. What do we read into this . David, should we be thinking of this as a sector wide story . I just came from giving a speech. One of the
Under way. Involving a bus with a rollover. Reporter the tour bus crashed that claimed two victims, one from new york city and one from turkey, the ntsb tweeted they will lead an investigation, trying to find out why the crash happened, what led the bus to roll over as it went around the rahm from delaware route 1 south to 13 north. This man was there. I really cant forget the screams and the smell of blood in the air. Reporter two women died, 48 others were injured, including the driver. The driver was taking the less direct but less busy route to get his passengers back to new york city when the crash happened. Report of a bus rollover, approximately 50 people on board. Reporter the tour hired the bus from new yorks chinatown neighborhood. Theyve been cited for 18 safety violations since 2012. In june one of the companys buses was involved in a crash, but nothing like this one that claimed two lives and has 20 remaining in the hospital one of those in Critical Condition tonight. Repo
Dispute. Were pretty confident the five young adults we have in custody who were apprehended immediately broad and olney were with the crowd involved in the shooting. Back live here in front of ip stein medical sent you you see a cellphone on the ground. Part of this crime scene here in front of the hospital. Police have very Little Information about the gunman believed to be a 17yearold plaque male wearing a black tank top with possible tattoos on his neck. He was seen running old york road towards olney and still very much an active crime scene as police try to piece this together. Live at Einstein Medical Center dann cuellar, channel 6 action news. Thank you, dann the the latest into the investigation of yesterdays traumatic accident involving a tour bus in newcastle, delaware. Two people were killed when the bus flipped over route 1 exit ram to route 13, 20 other passengers being treated at christiana hospital and thats where action News Reporter david henery is now live. David, wh