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In the morning and know that 30 million americans want to know the state of your health that day . [laughter] david ruth porat started as an investment banker at Morgan Stanley then was recruited away to be this cfo of google, now the cfo of alphabet. She has enormous influence at that company and has done a tremendous job at making sure their Balance Sheet she will be a power at alphabet for quite some time unless the next president of the United States says he wants her to be the secretary of the treasury. Google has done quite well. Your stock is up i more than 20 and i should say from the time that you became cfo, the stock is up over 200 . It has done quite well under your leadership, but i am curious, are more people doing searches now than ever before or are people not spending as much time . Ruth people are spendin ....
Singapore and malaysia as well. The Peter Navarro episode, if it is any indication how sensitive markets are to the slightest hint of bad news, that tells you the story of volatility in store for markets in the second half of the year. A quick check on the risk radar. Aussie yen coming off a little bit, that tells you where we are in terms of Risk Appetite. We were closing in on 79 a few weeks ago. Brent crude, some upside. Lets get you up to speed with other top stories we are watching. It lawmakers in washington have approved a bill to penalize banks doing business with china over beijings National Security legislation for hong kong. The bipartisan measure in the senate has support in the house of representatives and needs to pass before reaching president trump. It condemns china for breaking obligations under the de ....
Brexit. This is completely constitutional and proper. There is going to be lots of time to debate before the 315t of october. Parliament will be sitting then and will be able to have whatever motions it once. Well talk to mps and an audience of voters. Its not undemocratic, itsjust its not undemocratic, its just not the right way to do it. Proroguing parliament after the normal recess, mps will have ample time to debate brexit. Members of parliament have an obligation to have a say in what happens by october the 315t. An obligation to have a say in what happens by october the 31st. Its extraordinary, but desperate times call for desperate measures, and for the sake of democracy this needed to happen. And of course wed welcome your views get in touch in the usual ways. Also today, well talk to the mum of 20 year old freddie pring, who died after falling from the second floor balcony of a hotel in magaluf injune. Hello. Welcome to the programme. Were live until 11 this morning. The paper ....
Nations in the world. Corporate rates will be reduced from 35 all the way down to 20 , which will make us competitive again and Companies Wont be leaving our country. Finally, our tax plan will return trillions of dollars in wealth to our shores so companies can invest in america again. At the same time, we are working to reduce wasteful government spending. We will hear from budget director mick mulvaney, who is working with my cabinet, to find taxpayer savings in each and every department. The cabinet members with us today are working on getting reductions to their various apartments that we think will be able to save a lot of money, even lower than the budgets we are submitting. We will be working on health care, infrastructure, and welfare reform. We are looking very strongly at welfare reform and that will all take place right after taxes. Very soon, very shortly after taxes. Onwill be submitting plans health care, plans on i ....
We are halfway through the trading day, and its been a little choppy. Julie this has been a flashback to what we were seeing last week where we are seeing a diversions between technology in the form of the nasdaq going lower as the dow gains on nearly on1 . It appears we are seeing rotation into things like financials out of things like technology, as we see some optimism surrounding the tax plan, but it is not universal. If you look at the nasdaq, the largest Cap Tech Companies are being affected more. That is outpacing the declines in the broader nasdaq composite. A couple examples of stocks we are seeing being traded lower. And square. This appears to be a combination of factors. Weve learned that a Company Paypal acquired was the victim of a Cyber Security breach that affected as many as 1. 6 million accounts. Bo ....