To create theranos. Doing any lab test from a tiny drop of blood from the finger. From a finger. Oh, my god, this is a rocketship. She was able to put a magic spell on people with her big, blue eyes and deep voice. The whole steve jobs look. The youngest selfmade female billionaire, magazine cover after magazine cover after news article, blog post, speech. The golden girl of Silicon Valley. Part of the new time 100 list. Only problem it didnt work. Did ms. Holmes know theranos could not do all those tests . Yes, she knew. This is a product that didnt work. Not only did they fool the investors all the nanotainers. They fooled patients, doctors. Elizabeth holmes charged with massive fraud. Elizabeth holmes and another former executive await a trial. Holmes pleaded not guilty. I am so incredibly humbled. Enough, Elizabeth Holmes. Listen, this company is a fraud. This is an investigation by the securities and Exchange Commission in the matter of theranos, inc. Elizabeth holmes, grilled by
4. 789 . Meantime, couple of stocks to tell you about. Mccormick, the spice company, reported today. Earnings were lower than last year in line with estimates. Sales also fell missing estimate. Thats why the stock is off today by 8 and 17 so far this year. Airbnb also lower. Key bank downgrading the stock saying the tail winds have been helping the company are starting to slow. Airbnb still up 50 year to date, tyler, but down almost 6 today. All right. Thank you, kelly. We begin with breaking news at the capitol in the effort to ois Kevin Mccarthy as speaker of the house. It is coming to a vote, several votes likely here right now. Lets go to Emily Wilkins on the hill. Emily . Reporter hi, tyler. Well, yes, speaker Kevin Mccarthys speakership is in a very perilous position right now. We know there are at least six republicans who said they will back an effort to oust them and we have a number of democrats as well who seem to be doing the same. I mean, just listen. We spoke with a numbe
And pays out 60 of it earnings through difficult depds and has bought back stock on what people think are attractive prices. This does not sound like a company that need your help. Its a Great Company and a great business and the stock has done great for a long period of time the issue for shareholders is not how well the company has done over the past and how well it will do in the future bottom line is adp has underperformed relative to potential. Youre judged relative to your potential, not relative to fat issus quo and this is a company with huge opportunities to improve its profitability. Its not an efficient business, and in fact many things you mentioned explain the reap why are the company has underperformed when you have no debt and have a really profitable business and dominant market share. Those are companies over time that get less efficient because they dont have to be as efficient, and that lack of efficiency becomes an issue for the business Going Forward and becomes a
This noon. More people are are ordered to leave their homes as a deadly wild fire continues to grow in northern california. And police in philadelphia are looking for the gunman that shot three people including an innocent bystanders. But the big story is the breaking news of the president of the radnor township board of commissioners is under arrest facing child pornography charges. Phill phillip r. Is under investigation and today he turned hipself in. Chad pradelli is live now. Reporter the da says that some of the images found on phil r. s computer involved infants. And at 1 00 p. M. He turns himself in. And they found pornography that are up loaded and shared child pornography. Detectives searched his home and found that are is using a yahoo message account to exchange child porn it was mainly comprised of girls under the age of 10 but also infant and toddlers and some cases involving animals. Court records say that he told court that he knew the images were illegal and dont know
Financial news with aaron. And World Business report. A new clear nightmare 3 billion wiped off the value of the japanese tech giant toshiba, after it buys a us Power Business that turns out to be not so powerful. Beating the giants at their own game we visit the man who couldnt wait for the Electronics Industry to come up with usable Smart Home Solutions so, he built his own. Welcome to World Business report. Im aaron heslehurst. Well, happy. What do you say between christmas and new year . Anyway hopefully we have a bite size look at finance. Shares of the Japanese Technology giant toshiba took another massive hit this morning falling 20 thats the maximum allowed before the Stock Exchange suspends all trading. The value lost off the company today is nearly 3 billion. This follows a 12 drop on tuesday. And its all to do with a not so good purchase toshiba made in the Us Nuclear Power industry. Mariko 0i is in our Asia Business hub in singapore. Good to see you and i hope you had a won