Chip. We take a look at why the president ial bet on arizona is not as fresh as it may seem. But first, to the lead. The epicenter for the International Debate on Donald Trumps immigration policy is here in San Francisco. The case took on increased business importance as 120 Companies Including Tech Companies from apple, facebook, google filed a legal brief condemning it. Leaders from the tech sector were among the first and most outspoken critics on the executive order on immigration. Why . Perhaps it is because many of the companies that define tech today would not exist without immigrants . Here is a quick recap. Caroline now my colleague cory johnson caught up with the founder of joyus and former advisor to twitter. If you look at the history of some of the most famous Tech Companies we just saw it and there is a lot in terms of the data historically, but today in Silicon Valley over 58 of the highly skilled workers here are immigrants. When you step back and look at our labor pool
Chip. We take a look at why the president ial bet on arizona is not as fresh as it may seem. But first, to the lead. The epicenter for the International Debate on Donald Trumps immigration policy is here in San Francisco. The case took on increased business importance as 120 Companies Including Tech Companies from apple, facebook, google filed a legal brief condemning it. Leaders from the tech sector were among the first and most outspoken critics on the executive order on immigration. Why . Perhaps it is because many of the companies that define tech today would not exist without immigrants . Here is a quick recap. Caroline now my colleague cory johnson caught up with the founder of joyus and former advisor to twitter. If you look at the history of some of the most famous Tech Companies we just saw it and there is a lot in terms of the data historically, but today in Silicon Valley over 58 of the highly skilled workers here are immigrants. When you step back and look at our labor pool
Declines. The minutes show to split among officials. Earlier,ere down treasuries and stocks, then both snapped back after the minutes indicated a perceived dovishness. The dollars and represented by the bloomberg dollar index on your terminal. The s p and white was down before the minutes, and the dollar out. After the minutes, the dollar fell and the s p rose, which would signify that investors considered a rate rise not as imminent as bill dudley made it sound. Financials continue to rally. You can see utilities of the biggest gainers because a weak dollar is good for that, but then financials as well. Not nearly as big as utilities, but the second biggest industry group. ,f the fed does not raise rates then margins wont have a chance to expand. Joe interesting things in the Government Bond market, u. S. No,ent bonds portuguese Government Bonds, yields a jumping on the 10 year, bad,rned the dbrs is raising questions about Government Debt and whether it would be eligible for buybacks.
The strength of an update as soon as we have information. Wrals laura leslie showing what she knows about the job cuts over a cisco. Reporter multiple Media Outlets are reporting the tech giant is expected to cut the 40,000 jobs over the next couple of months. They employ 71,000 people around the world amounting to 20 . The Industry Analysts say the reduction is response for the changing demand for networking as more and more businesses turn to Cloud Computing and other webbased servic servers is falling. That isnt expected to change anytime soon. A Company Insider say they are transferring to a less hardware heavy business model. Cisco has not yet confirmed the reported cuts and it is unclear how many will be cut at the rtp site. It is not just cisco. Other giants has also announced cuts. Iker soft is laying off about this summer we learned a should be would be cutting 3000 jobs. The production at cisco is by far the largest. Laura leslie reporting. Jack robbins took over as ceo last
Even with what we heard. I think what the greek government wants and European Partners wants are great Different Things. All sides are so scare of the possibility of a crisis if the greeks were to leave the euro. Theyre willing to do a compromise which is kicking the can farther down the road and not a real compromise, but a short time solution. Betty the greek official says the government should have enough money to get through the week so far. Warren buffett says the new ceo of Berkshire Hathaway must be more than a stock seeker. He spoke in a annual meeting and omaha. He is unlikely to back someone who has expertise only in investing. He also will support someone who has operational experience to succeed him. You might need a scorecard soon to keep track of the falcon president ial candidates. To outsiders are joining the race today. Former hewlettpackard ceo Carly Fiorina is in the running. She made the announcement in an online video that was just released. That she had the mornin