For Alphabet, estimates have come down for this year of about 10%. For beta, they have come down by 20%. And I still think we don't know how these companies may perform in a recession. We'll find out when the company reports earnings.
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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