Bloomberg Intelligence Senior Technology Analyst Mandeeam Singh is with us via Zoom in New Jersey. Shares at Google hire by 4.6% right now, nothing like JobCuts to send a stock rallying. The fact that they're announcing a layoff ahead of the earnings begs the question about whether these businesses are still viable from a fundamental perspective.
Bloomberg Intelligence Senior Tech Industry Analyst Mandeep Singh reports on Google parent Alphabet cutting about 12,000 jobs, more than 6% of its global workforce, becoming the latest tech giant to retrench after years of abundant growth and hiring. Dr. Ian Lustbader, Clinical Professor of Medicine at NYU Langone, discusses whether the Pfizer vaccine can lead to the risk of a stroke. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Reporter Julia Love provide the details of Julia's Businessweek Magazine story Human Smugglers Profit in Shadows by Paying Poor to Take Risks. Bloomberg News Senior Executive Editor of Global Tech Brad Stone talks about Reed Hastings’ journey as co-founder of Netflix after he announced on Thursday that he is his stepping down as co-CEO. And we Drive to the Close with Cole Smead, President and Portfolio Manager at Smead Capital Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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