so google grew out of the ph d. program at stanford right they have this affinity for academics they view themselves as academic a little bit in nature their campus looks like a college campus so google provides a ton of funding for academic institutions individual academics all around the world so we found something like $300.00 papers that were funded by google in some way that's a part of google's policy positions they like to say hey we have the country's foremost academic experts behind us and what they're not telling it the public is the fact that they're actually funding these so-called independent experts he's so hot in the penn academics where shows have time for congress about whether or not google is a monopoly she was relying on academic study to bolster his point they didn't disclose at the paper with actually funded by google. are you concerned that your company has been externally enormous power internet probing in ways that hurt many small world businesses and local extremely good and well meaning sm

to get people on to google and off of google out into the open web as quickly as possible and largely they were really successful about that the success of google led to in many ways the success of the open web and this explosive growth in startups and innovation during that period google had developed this incredible technology called page rank unveiling what was known for the back row of algorithm and it was your sleeps and bounds ahead of services like yahoo altavista and quickly became the clear winner in the space just from a technology basis and what page does is it spiders around the internet instead of being a directory service like yahoo was it's taking pictures of web pages and analyzing the links between the web pages and using them to make some assumptions about relevance and so if you're looking for some history of abraham lincoln and there's a bunch of links to cross the web pointing to a particular site that must mean that this page is the quote unquote most relevant . now they had to figure out how do we make money off this we've got an index how do we make money well

to regulate google realize that the federal government is using google docs they're using google tools in some cases there are even linked to g. mail so google has fused itself with our federal government in so many ways the government's motivation for using it is well google's already done it and they they have this thing that works it seems to be working pretty well for consumerist so the idea behind it was one very well let's just put some government agencies on google. you know will use google cloud for something they lack that pretty soon you have the necessary security. and then it becomes a big embarrassment afterwards to try and keep it out of the media because people would rightfully point out there is a huge security risk some members of congress are calling for an investigation of google for secretly tracking i phone users all over the internet even users who thought they had blocked that kind of surveillance were you see this pattern emerging over and over again so look at google street view google agreeing to pay $7000000.00 to settle what $38.00 states are street new cars

that google. troels companies that use this surveillance business model the 2 biggest being google and facebook don't sell you anything they sell you we are the product that will google will tell you is we're very transparent there's a user agreement everybody knows that if you're going to search on google and we're going to give you access to this free information we need to get paid so we're going to take your data the problem is most people don't believe or don't want to believe that that data is going to be used to manipulate you. load. the. lead. the. cleveland. please. lists lists. looked. and very well might continue watching on since last. the commonality between facebook and google even though they're different platforms is mass they're driven by math and the ability to collect data you sign on you make a profile about yourself by answering some questions and then some information such as concentration or major at school. contact information about phone numbers instant messaging screen an

and then google see this is so google was saying no actually we're going to keep your data and we're going to organize society we know how to improve enough to muster up. there are a couple trends i think lead google off of its path of being the the place that just match people with the best information on the web and led them off into the internet and that was the birth of smartphones steve jobs unveiled the i phone in the rise of facebook and this notion that time spent on a site where users doing lots and lots of time on facebook became really important metrics that advertisers are paying attention to and so google's response was basically to deviate from that original eat those in becoming a place were they were trying to keep people on google so they very rapidly started to branch out into other areas they were getting a lot of information from people using the search engine but if people went directly to a website. that's bad because now google doesn't know that so they developed a browser which is now the most widely used to browse around the world chrome by getting people to

you fast forward four years and nest is back inside google. google fiber has all but collapsed. waymo, way more critical on the progress they have made on self-driving cars. the biotech investors are decades out. in return, not something sunder has had experience in. there is something about -- there is something almost symbolic about the fact the founders who set the tone and culture for this company for 20 years have receded and now officially stepped away. so, i think there are a lot of open questions about the rest of alphabet outside of google that now sunder has to answer. that does not say anything about the political questions he has to wrestle with. taylor: we bring up the political questions. that is clearly one of the big overhangs facing all of big tech the regulatory pressures. tim cook and apple seems to have a good relationship with the president, working with him to work on those tariffs and remove those tariffs. how do you view sunder in the context in a relationship with the president or being able to go to d.c. and tackle some of the big antitrust and data pro

sinceeen running google 2015. i'll is for all intents and purposes google. -- alphabet is google. wall street had been uncomfortable with the expenses founders have made and bigger bets that have not panned out. this might be a sign that there is professional management at the helm. from employees, i have heard mixed results. some say the founders set the culture for the company. now with this departure it might be gone for good. >> let's talk about a chart i am looking at. basically, since 2015 when ,lphabet and google split out the shares have doubled. this seems to be a big vote of confidence in their leader. what changed for you as an investor today? >> what it holds onto is going forward, there will be more focus on costs and revenues. new cfo aey hired a few years ago. it has done a good job of driving that. as market would say, going forward, the idea is you look at these different businesses and you say is this going to work out? if it's not, maybe we need to kiss it goodbye even though it is exciting and it sounds good. drones, driverless vehicles, another health thing. i

silence us activists and organizers at google. many people at google have done similar if not the same things that we have done that are supposedly against these data security policies. these policies were actually applied consistently across the board, if they were, you would see a lot more than four individuals being fired. >> so rebecca you would continue to claim that you ever violated any data security violations, correct? >> the data security policy itself is inherently flawed. it is vaguely written and written in such a way that it can be selectively enforced in the way the google executives wish. documents can be receipt actively classified as need to know, which can therefore know that anyone looking at any document can be fired for ccessing a document they thought they had legitimate business reason to. >> what are you hearing about when those data policies were enact the? >> we have a story up this morning about this. the company has said and kent walker has said to both employees and publicly that it is a long-standing

the google ceo will now be the ceo of both google and alphabet. page and brin will remain active as cofounders and remain on the board. i spoke to guests on tuesday. >> it was a pretty big surprise. there had been questions about how much longer sundar might want to be ceo of google. those questions have been bubbling up a little bit. google is under a massive amount of scrutiny. he has a lot of things to juggle. there have been internal protests. this really was a surprise where basically he has had to deal with all these things and he will be back dealing with all of the other things happening under the alphabet umbrella which includes self driving cars and other things. taylor: with larry and sergey as visionaries and sundar is a good executioner, where do they fit in as leaders? >> larry was the main visionary when people think of google. larry and sergey together, they obviously founded the search engine more than 15 years ago and built that into what it is today. larry was the driving force behind the idea that maybe about seven or eight yea

taylor: i want to bring up google's statement. individuals who were engaged in violations of our data security policies. including accessing and disseminating other employees work. mark, can you walk us through that statement? ,ark: google has now confirmed this is something that the company has stuck with the statement. they sent that memo out to all of their employees. they are taking a firm stance. i think that what we talk about this morning is, google has changed quite a bit from the search engine it was 20 years ago. it is moving into more business, the cloud business where they are similar to microsoft and amazon. we are seeing the leadership and -- try to impose a cultural change. taylor: mark brought up the cloud business, which has been a lot of the tension. what do you say to critics that said, google is paying you to do your job, not to be an activist. paying you to create programs that reward shareholders? how do you respond to that? rebecca: i want to remind everyone that most google employees are also shareholders.

google once looker for its cloud units. looker -- google wants for its cloud units. the future is 5g. we will learn how coming up next. later, one of tictoc's harshest istics, marsha blackburn, addressing her biggest concerns. this is bloomberg. ♪ taylor: 5g is a fundamental technology change that will change the way people do business. that is according to steve mollenkopf. he sat down with caroline hyde importance ofthe 5g. way --e it in the same you should think about it like electricity or water -- these fundamental technology changes that change the way people do business. that is how people in the industry are thinking about 5g. clearly it is going to impact the cellular industry. you will see a lot of benefits to operators. when you have the ability to connect everything in the world, it is going to change the way people do business. it will change the way factories are structured. it will change the way we deliver health care. it will change the way we do logistics. this digitization of business and the infrastructure of the world will be very significant.

grows >> it's great question google is a fantastic technology company and with google maps and google home and nest and voice, people will be shopping away from their desk top computers. even away from their phones. google is well positioned to capture that shopping traffic as well if you're talking to your google voice or google device. you're in your car with android auto the touch poibnts are blunted. >> the payments you can go beyond your credit card to pay for things as well in. >> yeah, google check out, google payments has integrated well with android devices. we'll see that more broadly. they'll close the loop through payments >> out perform with a price target of $1400. thank you. >> thank you, appreciate it. >>> 2019 was supposed to be the year of the ipo but it doesn't turn out that way. uber, lyf, slack among the big names that went public and sank. what do the ultra rich think of these stocks is there opportunity this year has been great for billionbi tech on pace for its longest weekly win streak ever. does that mean the run is nedo we'll talk about that one when power l

well a major shift at google as the company's long serving c.e.o. and president are both stepping down from google's parent company alphabet larry page and sergey brin are stepping down as state and federal regulators along with the department of justice and congress are taking a look at google's possible abuse of privacy practices and whether antitrust laws are needed to curb their market power as we reported google is facing a heavy scrutiny here in the united states but has received several enormous fines in the for violating privacy standards page in britain they have already disappeared from public view at least in the role of company representatives and it will be no surprise that sunder shah who acts as the chief executive of google has been groomed to take over alphabet so he'll run the whole thing u.s. semiconductor giant qualcomm says it will appeal a south korean court's ruling on wednesday to uphold 870 $3000000.00 fight over antitrust concerns the. really was initially imposed by the korean fair trade commission in 2016 citing unfair bu

google brain, which came from here, even though it went back to google. these are attempts on our part to make something that hopefully in the long run could be as valuable as google and as good for the world as google. emily: google's core business, online ads, search ads, is slowing down. is there more pressure on x to deliver a hit, a moonshot that works? astro: that is not my experience. my experience -- i sit regularly with larry, sergey, and ruth. the spirit of the conversation is essentially, you give me, x, a lot of money every year, and you have to wait a long time, on the order of seven, eight, nine years. a lot of the money you have given during that time just falls away. not because i'm purposefully wasting it, but because we are running experiments and the answer to a lot of experiments is no. you have to decide if the value of that set of things is worth the money you've given us and the time value of money. that's the real conversation that we should be having and that we are having. if that has a good return on investment for alphabet and

pero a am apenas es menos de un dolar de a aumento por hora que todavia no pasa la line de la pobreza google aporta consejos para s saber donde encontrar un regalo original y pasaer un mrato fa a familiar hola gracias por acompaÑarnos b muy buenas tardes les saluda d l deldefe felicida era el hombre amas fuerte del b gobierno de felipe calderon ha e decidido enviado a new york a u luna por ser juzgado por nar narcotrafico por recibir mi millones de dolares del carce s de sinaloa >>ya termino la comparecencia el juez determinao que srea llevado a new york para continuar su p o provespr proceso no se fijo fecha solo que sera trasladado le ha impusdtado 4 cargo y uno msas a una fasa declaracin cuando intento nsciacionalizarsn estados unidos fue de 15 minutos hibubo inter m intercambio de seÑales la esposa le lanzaba besos los hiojos s o tocanaban el corazon en seÑla d solidarida s aparecio de color naranja le e prepr prepr pregunto si apelaba el traslado a new york le dijo que no tenia preguntas y le dio lash gracia a al juez no se sabe la fecha de traslado espera que le confirmen los prsunt

now ceo ofai alphabet in addition to his role as sundar pichai of google. -- as well as ceo of google. who will be his most important constituents? employees, regulators, shareholders, customers? >> i think it is all of the above that makes the whole stakeholder group of everybody you have mentioned. large companies like this do have an important responsibility. they are a large employer. they count a massive amount of the population as users. i think he has responsibility to everybody. obviously, the stock has done phenomenally well in recent years. investors seem unphased by this. in yourthe biggest risk view to the company right now, and where will be the key area focus?ndar pichai has to to beggest risk seems this political backlash against large tech companies that have really -- these leading tech -- inies like alphabet still call it google, they are counted on for many people who still use google search. the android install base, the apple install base. announced acrosoft new phone coming out next year, a foldable type of tablet phone, that will use the android operating system

the news so walk us through what this actually means in terms of changes at google. it does sound a bit like the clocks are getting turned back in 2050 in the holding company alphabet got created and under that roof we had google on one side led by. google with the search engine and pretty much stood for about 99 percent of revenue and then we had the other bets the moon shot projects like yourself driving cars health care projects and drones and a lot of other venues but all of those have not been profitable so now there is this turn that is not just head of a group but also of the anti or holding company of it now some are saying that china has a horrible task ahead why is that. well some people actually called it the worst job in silicon valley and he has a lot to deal with 1st of all there are. there is political pressure there have been protests from employees and then on top of it he has to decide what's going to happen with those not profitable projects the other bets will some of those ideas just to be vanished or he has to make the decision what to do with i

and it is not just an internal dilemma at google. carol: for more on that cover story and big tech competing for business with the military, here is reporter joshua brustein. josh: there are two differences between google and microsoft. the first is an internal difference, which is that google has always had a culture where they debate everything. there is a long history of these message boards where everything came up from rigorous debate. microsoft is a very buttoned up company, top down. the second thing, to allude to your point about how the public looks at them, microsoft has receded as a real consumer-facing company. most of its business has been in enterprise computing recently. google is one of the things we think of as the internet. people use google search every day and they think, they are building weapons? or they are building military something. and that makes people uneasy. it doesn't maybe with companies that are not in their day-to-day consciousness. jason: amazon and its lobbying and trying to find its way in a much

the founders of google are stepping down as c.e.o. and president of its parent company out of it larry page answered grim famously said of the search engine and california back in 1908 since then they've become 2 of the richest men in the world with a combined net worth of more than $100000000000.00 the remain on the alphabet board google chief char will step up to also be the c.e.o. of the parent company. right let's find out more with the w. financial correspondent here in new york it's good to see you well the google stock went up on the news so walk us through what this actually means in terms of changes at google. it does sound a bit like the clocks are getting turned back in 2050 and the holding company alphabet got created and under that roof we had to google on one side by. google with the search ends in pretty much sold for about 99 percent of revenue and then we had the other bets the moon shot projects like driving cars health care projects and. a lot of father venues but all of those have not been profitable so now there i

google ceo will now also be the ceo of alphabet the parent company. they will still serve on the board of directors. >>> right now, 4:50, we want to check back in with sale sale, definitely went around most of the areas of people are slowing down i think you are right, people should be slowing, pam and dave let's talk about the 580 westbound coming through the altamont pass, we do have some slope traffic there and it is going to be slow again in livermore with the westbound five anywhere there is a crash near north livermore avenue on the offramp involving injuries. it is not in the lanes, most of it is on the side but, it is causing some slope traffic is you can see. after that, it looks good through dublin but it is a little slow and wet is because of the wet weather, some of you might see some more collisions out there, the bay bridge toll plaza is backed up a little bit in the cash, 451, let's bring steve back in. >>> let's get to it, sitting in some pretty good rain bands and i think we are going to be on the higher side here, maybe even three co

the steps google is making is the right direction. you don't have to all out ban and edit politicians, it is manipulation, conflate misinformation with bloviating ads is a disservice to the u.s. electorate >> there's always the other line, maybe they can modify algorithms how it is spread, how many it is served up to. it seems like left alone, it propagates >> we're dealing with two things politicians do sort of overextend in ads, but that's different on the television or newspaper ad versus online, they're highly targeted ads. i think sacha baron cohen, free speech doesn't mean free reach you can't conflate misinformation and manipulation with the ads in this way i think that's what they're doing to make it simple for the american public but it is not simple. >> i think what struck me most with both companies, you can say this across the social media spectrum, maybe not with twitter, certainly not with snap, the fact that they're fact checking when you look at alphabet and facebook, there does, it came out in both interviews, seems t

google, even more. advertising business is big and i'm concerned that that behavioral advertising model is inconsistent with how we have thought about immunity online. right now we give rod immunity under section 230 of the communications decency. i'd support that immunity that i don't know if it's consistent with this behavioral ad model and surveillance . >> what you see as the solution.>> what role can, how can congress play a greater role in dealing with this problem. >> part of it obviously is through better privacy protection. i'll speak about how i looked at the facebook order violations. repeated an early violations of that order. settlement not only completely let executives off the hook, and they paid a small fine and their stock went up, there's no substantive limitations on their use or sharing of data and for repeat offenders, there needs to be some bands on this type of behavior because if they're going to break the law have to look at the economic incentive that is driving it . >> i think

they stepped down as the heads of google's parent company, with a new take over as ceo of google and alphabet. welcome to "bloomberg markets: the european open." i'm matt miller here in berlin alongside anna edwards in london. negativity, inhe the asian session, the concerns around trade tensions moving through the market, despite all of that, we managed to eke out some gains. the stoxx 600 up .4%. a slightly different picture on the london market, but stronger across equity markets. aisoft entertainment up 4.8%, day where upgrades and downgrades are making themselves felt. senate world -- cineworld up. asset sales, the stock down 4.7%. a mixed bag of moves to the downside, but broadly, a story is about global trade. here in our region with president trump on the ground in the u.k. this week. get someh that, let's of the other global headlines. we go to the first word news with leigh-ann gerrans in london. . another possible roadblock to a phase one road deal. the u.s. house has imposed sanctions on chinese officials over human rights abuses against muslims. china has vowed retaliati

the public face of google has been its current ceo, sundar pichai. by tuesday's announcement makes it absolutely clear mr paige and mr brin aren't running the company anymore. however, while the pair are a p pa re ntly anymore. however, while the pair are apparently relinquishing managing —— management duties, it won't mean giving up their ultimate power. between them they control 51% of the voting rights on alphabet‘s board. that won't change. they like their role to being proud parents of the company looking on with close interest and care. it means, should they feel the need, they can override an the decision of any decision sundar pichai makes with little more than a parental because we said so. so, what's the reaction been in india to sundar pichai becoming the most powerful indian in business? let's go live to suranajan tewari in mumbai. he is already a star. but this escalate that even further. absolutely, sally. and if the former ceos are calling themselves parents, sundar pichai is very much the child of india. he embodies the modern a

the 1st challenger to google's autonomous driving venture. instagram says new users now have to provide their birthdates so far they normally only have to say they are at least 13 years old the move could stab child safety legislation lawmakers and family groups in the u.s. britain and elsewhere say the af exposes children to inappropriate material. trump u.s. treasury secretary steven the new chin wants countries like france to suspend new taxes on global tech giants he prefers an agreement on international taxation the organization for economic cooperation and development or deep u.s. has threatened 100 percent tariffs and reprisal for france's digital tax on companies like amazon and google. and wanda has signed a deal with french soccer club. to show visit wanda logo on their banners and shirts how much want to pay for the 3 year deal has not been disclosed english club arsenal already have a similar arrangement with the rwandan government. and before we go from small and nimble to large and powerful there are multiple uses for drones as

google did to zillow the only thing that google hasn't done it to is your fantasy. and i hope you have -- shefter tells me i'm okay. we're going back and forth about whether to play the giants against the eagles. >> the trade works both ways when you want to be curated the right way, it grows the business >> i wouldn'ter whether go wondh founders moving away, will google be more aggressive or buy back shock and reward shareholders if you listen to the conference call, you haven't heard the founders talk in ages. >> no. >> speaking of changes, sundar pichai, ceo of google and alphabet in his post page and brin write with alphabet established and google and other bets operating as effective companies, it is the natural time to simplify our management structure we have never been ones to hold on to management roles when we think there is a better way to run the company. and google and alphabet no longer needs two ceos and a president. there is question about brin's management style, the day they were thinking to bayuy youtube d jumps on a exercise bike and works up a s

now ceo of alphabet and google a, does it matter, b, does it blow up the reason for the alphabet, google thing if there's one ceo of both? >> i think it is a realization that ultimately at the end of the day, google is what mattered within alphabet. 98% of revenue, well more than 100% of profitability within that business. so to the extent that sundar was the one running google, effectively running alphabet, running what mattered, running what mattered most to investors. >> isn't anybody going to ask how long bf sundar cuts the alphabet stuff does this put them in a worse situation for investment in the future >> i think sundar is certainly going to take a more serious look at those areas of investment but a company like google has to invest for the future. things like autonomous driving and investments they're making >> they spent 22 billion or more is that roughly right? >> it is around there. more than at&t spenlds, more tha verizon spends. >> they have profitability levels to put it back in the business you want to see companies like that investing if they're not, you have to questio