Jefferies Analyst Brent Thill joins Caroline Hyde and Ed Ludlow to dive deeper into the DOJ's lawsuit against Google to break up its ad unit business and what it means for the tech giant.

Mountain View

Google sued over its advertising business

From your perspective, the fact that Google is saying, there isn't some legal founding for this, you agree. Look every legal cases, they found a way around it and so it hasn't slowed them down yet. I don't think this is going to slow down. It's hard to handicap the case to be honest, but we've been living with regulatory headwinds in Internet for so long. It's really hard to handicapped. I don't believe this is going to have any impact ultimately, the end of the day. Google is providing service. That's helping us as consumers get places find items. I do not right now. Have any belief that this will have any material impact on the business. There's been tons of legal scare tactics on. So, right now it's really hard to handicapped and I think this is why Google's trained at such a low multiple, as everyone's concerned that someone could something happened with your friend, no presidents that it has. Any had any issue on side? The core business that is slow them down, still fall. I mean, Brent Google said in a blog post that the lawsuit quota tends to pick winners and losses in a highly competitive, the advertising technology sector, they say, it's an unfounded lawsuit, by the Texas Attorney General in which was recently dismissed by a federal court, is this sobran? Even if they manage to win, it cost headache. Novation. Is it just a distraction? What do you worry about the opportunity cost? It has been across internet across? A lot of techniques, it is not costing any Innovation. Yeah. And ultimately they broke up pieces, the business of your concern. But so far we just haven't seen it. So really, in our opinion not much just to say at this point other than it's a distraction and their job and they have done, this very walls, kept her eyes on the road and kept Focus. Looking to share reaction during Tuesday session with down 1.7% will told. Once they the market is closed, this is a department to DHA that looked at this under the Trump Administration continues to look at it under the Bible. Ministration. When you're an analyst covering this stock, how much is the risk of serious action with serious results muddled into your price Target. It's modeled in because you have a multiple that now is training at a very big discount. So I don't think anyone that's investing. The internet names is investing right now. With all the understanding that this is an issue. This is an issue for Amazon. It's easy for Microsoft. It's an issue for Facebook and it goes across the board. So I don't really see any issue that is going to create at this point, a big concern and again, you seem Google stock over the last decade, continue to power higher, so we'll keep an eye on it. We're certainly cognizant of it but but so far I don't think there's enough for us to really hang your hat on anything at this point. What's the price of Caroline and I with some of the specific areas, even artificial intelligence, that competition with Microsoft is heating up again. What do you think that means four alphabets? The action is taken on headcount reduction growth rates. So we think this is pretty common Microsoft Amazon. Everyone has taken action to the environment, so they all have to slow their head count and they all have to effectively go through and really Reeves am and who they've hired and not everyone's going to work in any business, right? So at least 5% of this is just removing hires that don't work. The other 5% plus is trimming, we're not discounting. There's going to be more changes to headcount. I think that that is still open and I think we may expect more cuts to happen across tag. So I think this is the first wave. But I think this is very common and be honest that he Google should have acted faster. The one of the last ones to jump in the cost Cup pool. Salesforce, you go through the list, everyone's already done it.

The specialized police unit that included the five Memphis officers charged with the fatal beating of Tyre Nichols was disbanded on Saturday, as more protests took place in U.S. cities a day after harrowing video of the attack was released. It followed a call from President Joe Biden to the Nichols family, offering his support.

Memphis

Memphis disbands elite unit linked to fatal beating

UK Prime Minister Rishi Sunak has fired the Conservative Party chairman. It comes after an investigation into Nadhim Zahawi's tax affairs found he seriously breached ministerial rules when he was chancellor. Questions remain over whether Sunak should have known earlier about Zahawi’s tax dispute.

Downing Street

Top Conservative fired over tax scandal

Former U.S. President Donald Trump had his first formal 2024 election campaign trail events on Saturday with stops in New Hampshire and South Carolina. They were noticeably low-key affairs, in contrast to the loud and lively rallies with thousands of supporters that he often holds.

Columbia

'Bring back world peace': Trump launches campaign

A protester has been killed in Peru during confrontations between demonstrators and police. That takes number of those who have died during the unrest to 58, since former President Pedro Castillo was impeached and imprisoned early last month. Roads in the south have been blocked by protesters after mainly indigenous leaders called a national strike. Food and fuel are running out in the region.

Puno

Protester killed in remote Peru clashes

Serbian superstar defeated Greece's Stefanos Tsitsipas for his 10th trophy in Melbourne, equalling Rafael Nadal's 22 Grand Slam titles.

Melbourne

Djokovic wins Australian Open title

One of the world's most expensive cities to live in - Hong Kong - is facing the highest rate of homelessness in a decade. Rising inflation has sent the cost of everything from food to rent soaring, compounding the problem. Experts and social workers blamed the pandemic partly for the sharp increase in street sleepers over the past two years, as people lost their jobs and income.

Tsim Sha Tsui

Hong Kong has a homeless problem

Ten civilians were killed in Ukraine, including three in Konstantynivka, as Russian artillery targeted homes. Ukraine's army says it has been exacting a heavy toll against Russian soldiers on the battlefield.

Kharkiv

Ukraine says Russia taking 'heavy losses'

Chanting 'no justice, no peace', protesters marched through Memphis following the release of Police footage showing the arrest of Tyre Nichols, a 29-year-old Black man who died after five police officers beat him during a traffic stop earlier this month.

Protests break out after Police footage released

The first tennis grand slam of the year has been won by a Belarusian player, Aryna Sabalenka. But because of the invasion of Ukraine, she was not technically allowed to represent her country.

'Neutral' Sabalenka wins Australian Open 

Two people have been injured in a suspected shooting by a Palestinian gunman around Jerusalem’s Old City on Saturday morning, in what a police spokesperson has described as a "terrorist attack." In response, Israel's military said it was boosting its forces in the occupied West Bank.

Jerusalem

Israel army deployed amid West Bank violence

After two years of being held online, the revered Sundance Film Festival has returned to showcase the best of independent cinema. A drama about a struggling single mother has taken the Grand Jury Prize.

Park City

COVID Latest

Sundance Film Festival returns after two years away

Protesters in Peru have isolated its southeastern city of Puerto Maldonado after three weeks of road blockades. They are demanding constitutional reform. Some vandalised the regional governor's house on Friday. 

Lima

Politicians targeted by Peru protesters

Ukraine has invited the IOC chief, Thomas Bach, to visit his country's frontline after the body indicated it does not want to bar athletes from the Paris 2024 games based on their nationality.

Kyiv

Ukraine Invasion

Russian Sanctions

Zelenskyy slams IOC decision on Russia

A Palestinian boy, aged 13, shot and injured an Israeli man and his adult son in East Jerusalem. The boy was shot and disarmed by bystanders and taken to hospital in handcuffs.

Palestinian boy shoots two in Jerusalem

The city of Memphis has released harrowing video of the violent encounter between Tyre Nichols, a 29-year-old man and the five police officers charged with his murder. The video shows what begins as a traffic stop turning into a manhunt, ending in a violent arrest that led to Nichols' death and the subsequent arrest of the officers involved.

Memphis murder arrest video released

Over a few hours under grey skies, dozens of combat planes and helicopters roar on and off the flight deck of the aircraft carrier Nimitz. The demonstration of U.S. military power in the hotly contested South China Sea has riled Beijing.

Riau Islands

U.S carrier group enters South China Sea

A San Francisco judge ordered the release of body camera footage showing the moment officers intervened when an alleged assailant attacked the husband of former U.S. House Speaker Nancy Pelosi. The footage was released alongside a surveillance video showing the alleged attacker smashing through a glass window to get into the couple's San Francisco home.

San Francisco

Footage shows attack on Pelosi's husband

A Palestinian gunman killed at least seven people and wounded three others after opening fire outside an East Jerusalem synagogue, according to Israeli authorities. Police said the shooter didn't have an organizational affiliation.

Palestinian gunman opens fire outside synagogue

The International Olympic Community has announced that Russian and Belarussian athletes could be allowed to compete at the Paris 2024 Olympics under a 'neutral' banner, rather than a Russian or Belarussian flag.

Paris

'No anthem, no flag' for Russian Olympians

After nearly a year of war, prisoners have accumulated on both sides of the border and detention centres in Ukraine are filling with Russian soldiers. Now a TV crew has been given rare access to one of these camps in an undisclosed location, where detainees wait in hope of a prisoner swap to return to their homeland.

Rare access to Russian POW camp

U.S. prosecutors have charged three men with attempting to assassinate a prominent critic of Iran's government who was previously the target of a failed Tehran-backed kidnapping plot, Attorney General Merrick Garland said on Friday.

Washington

Three charged over Iran-backed assassination plot

Novak Djokovic's father Srdjan said on Friday he would not attend his son's Australian Open semi-final and would instead "watch from home", after a video emerged showing him posing at Melbourne Park with fans holding Russian flags.

Djokovic's dad to skip Australian Open finals

The Paris Mayor says she would not 'stand in the way' of Russian and Belarusian athletes competing at the 2024 Summer Olympics, prompting threats of a boycott by Ukraine. The warning came after the International Olympic Committee (IOC) said it would 'explore a pathway' for athletes from the two countries to participate as neutrals.

Saint-Denis

Ukraine threatens to boycott Olympics

The announcement comes one day after the United States and Germany both announced they are sending battle tanks to Ukraine, the first stage of a coordinated effort by the West to provide dozens of the heavy weapons to help Kyiv as Russia's invasion enters its 12th month.

Canada, France pledge more tanks to Ukraine

Rockets were fired by Gaza militants overnight as tensions soared following an Israeli raid in the occupied West Bank that killed nine Palestinians, including at least seven militants and a 61-year-old woman.

Rockets fired at Israel after deadly West Bank raid

Peru's President Dina Bolurate is facing growing pressure over her handling of anti-government protests. Trouble began in December when her predecessor was forced from office and imprisoned after trying to dissolve Congress. Protesters want Boluarte to step down.

As deadly protests continue, Peru’s government faces crisis

A World Health Organization committee is meeting on Friday to decide if the COVID-19 pandemic is still a global emergency. Several leading scientists say it may be too early for WHO to declare the end of the pandemic emergency phase. The United Kingdom started easing restrictions in 2021 but is still working to live with the virus. 

Geneva

WHO considers if COVID still an emergency

U.S. President Joe Biden hit out at what he called “MAGA Republicans in the House of Representatives” on Thursday for threatening to destroy the economic progress his administration had made and refusing to lift the country’s debt ceiling. Biden called the GOP threat ‘mind-boggling’, during a speech in Virginia.

Richmond

Biden hits out at 'dangerous' Republicans

Five recently-fired Memphis police officers have been charged with murder in the death of Tyre Nichols, who died in hospital three days after a confrontation with officers at a traffic stop. Video of the alleged beating that ensued is due to be released later this week. The five officers have been charged with second-degree murder, aggravated assault and kidnapping.

Memphis Police officers charged with murder

Nine Palestinians have been killed during an Israeli military raid in the occupied West Bank town of Jenin. The Israeli military says its troops went in to arrest Islamic Jihad militants planning major attacks.