Hello, this is world business report the wall street update for Friday the twenty ninth of September, I'm John bit three, now the tech giant Microsoft has frequently been seen by some as less innovative less called, perhaps, than its competitors coming late to the smartphone revolution and seeding grounds to the likes of Apple and Google.
Well, two years ago, new see natela was tasked with changing that image, and he's written a book all about it.
He's been speaking to Kai Risto from up partners at the U.S public radio programme marketplace.
For me, the only company that I've really known is Microsoft twenty five years of my life at this company and one of those cons you made insiders and, you know, you'll have to ask someone els as to how I got this job.
But the thing that I feel is that, in a sense of purpose of why am I here and why this companies here, and the connection between the two.
Alan and bill gates.
When they started this company.
The mission was, in essence, computer on every Desk, wrote, so that people would be collected and change the country which it hatch with all of these things, you're working on the cloud, howler lands and any Oran, all of that, what does it look like.
If you are as successful as pollen were forty years ago, when I joined the company, even as Late as nineteen ninety two was to talk about our mission as a P.C. in every home and every Desk and just by even the end of that decade, at least in the developed world, we had pretty much accomplished Gordon could that mission, our Gaul.
From there, ready for his day were bill and Paul created the very first product that this company produced, which was the basic language into predict for the Altair was to create technology so that others can create more technology.
That's what I see, that's not part of this, but that's personal about your journey about your family and about your oldest son Zane, who was born disabled, the serrell prancing, and there's mum in the book, or you, you were sitting in his hospital room, a night that that was a much later, because he's had many surgeries, and one night, I was sitting in a hospital room and watching all of the machinery holidays computers around the children's hospital and see out all that, and, in fact, were running many of them.
Windows, it is home that the work we do here is so ingrained in our economy and in our society.
It is in his most perilous time his hospital bad manage what devices and soft it, there's a mention here you basically would not be here for an hour for your wife and her having given up her career as an architect to care for the kids, including Jane and her daughter got morning challengers.
Yeah, I mean, it's absolutely dry, but for, quite frankly, the sacrifices, she had to make, I wouldn't be here.
She has been able to hold the front and home with Zane and all of the other challenges we face, but also as someone who, through all of this has helped me grow.
She's the one who has influenced a lot of how I think on the most important topics.
One of things that's big integrity.
Now he is the issue of diversity, and specifically women in technology.
How do we boost their pipeline, because tech companies always say, Oh, we don't.
I won't have my point, so he can't blame myself or presenter mountaineers are one, how we fixed in this two sides to it.
I think one is, we have to make it more amenable inviting computer science as a curriculum, but the first place where I want a stew.
Instead of worrying about the supply side, we had this company have to every day.
Get better at the diversity and inclusiveness off the people who are already here, because the best way we can make it more attractive for more women to join computer science is for them to come here, try Vieux feel a sense of belonging in inclusion.
That's, I think, what's the most important agenda, I have in this company C.E.O. of Microsoft's della speaking to Kai restored, there's more of that interview at market place dot Org now Donald trump has been meeting potential successors to Feds chair Janet yellow, and I've been hearing more from Chris slow at F.T. and financial in new York, he had at least a couple of things first with Kevin Waugh, who is a former fed Governor, really, that the staunchest critic with Ian the fare against the federal reserve spine buying programme that quality to be eating program also with sitting Governor j.
Powell, the only Governor at the furred currently, who was appointed by a Republican, what do you think, then, Chris, do you think that, in the end, he will ops to replace Janet yellin or stick with Janet yellow, or is it just too soon to say my sense is these under quite a bit of pressure from the economist at the white House in the Republican Community to put someone with a more traditional hard money approach in charge of the third, the funny thing is, tromp has expressed how much he appreciates low interest rates, how much you'd like interest rates.
Just stay low, so it is a bit strange.
I think that is fucking beyond yellin but yellin is very unlikely to see a second term at the fad.
O.K., let's move away from that particular topic to the markets.
More generally, they seem to have had a pretty good end to the week, they did, it was a procure your day in that we had inflation David this morning that was better Than expected that on the heels have caution of the, you also reporting lower than expected inflation than normally, when inflation is weak, it would haul be federal reserve back, perhaps even preventing another rave hike this year by a yellow one has been pretty adamant in recent Beetroots bindaree traits that caused at least some confusion, particularly and currency markets.
At the end of the day, the Doris just a little bit weak er, suggesting the yards of further tightening have declined.
A bit, but there was also income in consumption data, which was weak.
This is for August and the week, this pretty much discounted by the market.
People are thinking that it was likely affected by hurricane Harvey were to Court hit the Houston area Ian August Chris Lowe at Eft financial so on wall street, the Dow closed the day up nought point, one per cent are twenty two thousand four hundred and five at the end of the day here in London, the footsie one hundred closed up no point seven per cent at seventy three seventy two, the oil price oil.