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Marissa mayer is she was hired to be a coder at google. She was hired to be someone who literally makes the programs. Her first big project was supposed to be like googles first ad delivery system, you know . Google makes billions and billions of dollars off of ads, and she was going to make the first one. And it was taking her months and monthses and months to do. Google went out and hired someone named jeff dean and this sort of shocked the industry because jeff dean is a superstar. Hes really known for being one of the best coders on the planet. And he did the project that meyer had been work on in a matter of weeks. And mayer, you know, to her credit sort of looked at this and said is, you know, she loved working at google and she said im not going to make my mark at this company by being a coder. Is so she said what else can i do. So she sort of threw herself at whatever problems the company had. You know she actually got involved in pr and marketing and all sorts of strange thing ....
Good monday morning. Welcome to squawk alley. Were at post nine john fort is live at one market in San Francisco what a morning, guys, for the first day of the second half of the year not only is the dow set a record high, transports setting the first record high since the beginning of march but you have the ten year at 234, above levels that they said were critical. What does this say the dow, the transports, financials, its coming to some degree at the expense of the big cap techs. Seems like a first of the month effect june if you remember, june 1st, market was up. 75 you have the 2430 in the s p 500. You closed june below. That it seems like a rush of money. People looking for that rotation to continue into july. Does it count on a shortened session . I it this prices count do we have a majority i dont know exaggerated on some level in term of the magnitude of the lift especially after the open certainly got our attention well ....
Continuing to expand its reach across industries. Filing a trade mark for its own Meal Kit Service this follows the companys purchase of whole foods last month. Current leading meal kit provider is blue apron which cratered following the ipo and was down as much as 7 earlier this morning interesting, kara. This exercise of guessing what amazons going to take on next has been going on for years. But how seriously do you give do you take this i mean its not an enormous business i think, you know, theyve been in the meals business for a while. They deliver other peoples meals. They do all kinds of other things its not a new new thing it will be another amazon branded service. And especially i mean, i think theyve been delivering whole foods meals and things like that. So i think what it is is that these businesses are relatively small and they sort of need to be attached to a larger player a little bit like facebook does to snapcha ....
But still, the dow futures look like theyre up about 24 points above fair value. S p futures up by 5 points and the nasdaq up by 11 1 2. Among our guests today, we have Lee Cooperman joining uts at 8 00 a. M. Wholesale trade and monthly samestore sales. As for earnings, well get results from pepsi before the bell. Alcoa kick off earnings season last night. The company posting better than expected results. Ceo clause clinefeld was on cnbc last night. On an absolute basis as well as on a margin basis, we saw an increase of profitability year over year of 45 in the mid extreme. And the best quarter in the upextreme brings since the second half of 08 when it started to get weaker. Shares of alcoa are up about 50 in year. In other corporate news, amd is replacing ceo rory reed. The market value is nearly halved since he took over in 2011. The chipmaker is trying to expand beyond its core pc market. Lisa su will take the chief executive ....