We will examine techs role in the responsibility eliminating terror from social media. Softbank announce the first round of Capital Commitments for a tech investment fund. With more than 93 billion in the coffers. The vision fund is asked to top 100 million in six months time and will focus on startups in the united states. Peter l joint us from tokyo with all the details. Peter it took a long time. Softbank originally announced this in october of last year. It came from the meeting with the deputy crown prince of saudi arabia. After many months of waiting that it would close, it did they did not get the full 100 billion dollars, but they got to 93 billion. A record for a tech fund. The core investors are softbank and the Saudi Arabian sovereign wealth fund. Abu dhabi has also put in moneys as well as qualcomm, apple, and some others. One name that did not show up in the press release was Larry Ellison of oracle. It is not clear whether he is going to come in at a later round or not pa
Out in deadwood we heard about the avocado pelting story. Really injured. In a world where amazon is buying whole foods what happens to costco, and what about those costco retisry chickens. You guys talking about it. Is that enough to keep the big box customers coming well tell you what the wall street is saying with costco down 2 . Two words on costco, fresh fish friday. Very enthusiast. Thats what i live for. Activist investor going after the parent of saks saying hudson bay should stop trying to get the deal won with Neiman Marcus and macys theres a better way to inlock the value. And well discuss stragt in a first cnbc interview with Jonathan Litt. We begin with word out of the white house. Kayla touch covering the tech sim mitt and ooemon javers with more on russia threatening to target the u. S. Over warplanes in syria. Ceos of the Largest Tech Companies in the world, alphabet, microsoft, ibm, adobe are meeting today at the white house to modernize the governments infrastructure
Wrench into this rally with us, stephanie link and jon and Pete Najarian and jim cramer, the host of mad money. So many big names reporting earnings across a wide array of critical sectors you see what they are doing today. Is this the week that will decide the fate of this rally . I would say yes the plethora and broad range and what ill also have to tell you is that it will be good. We have so many topquality Companies Reporting this week. I mean, look, there are companies that are so on fire that are big cap im talking about microsoft, which we all like. Microsoft is doing everything. A johnson johnson, now up 20 points, even though its not necessarily on fire, these are the stocks that have been percolating up. Weve got the calendar up now. Travelers last time, socalled disappointment went up another 15 points. United health. Steph, i look at you and say, does it not have 200 written all over it . Absolutely. Are those the names, jim, that youll specifically be honing in on yes som
Will discuss president trumps budgetary outlines including the boost in military spending, domestic spending cuts and a texan entitlement program. Willthe m. I. T. Review discuss the annual list of temperature technologies and their expected impact. Be sure to watch cspan washington journal live at 7 a. M. Wednesday morning. Now a hearing on Wireless Technology and respective policy including the federal Communications Commissions recent auctions. This Cup Committee hearing is two hours. Good morning, on behalf of my friends and i i am happy to convene this first Sub Committee of innovations in technology and the internet. Welcome to you all. As we all know in todays connected world, the spectrum increases with each new technology. Spectrum is the lifeblood of this connectivity improving the lives of people around the globe. Our discussion comes on the heels of this committees approval of the mobile act. We have taken a significant making sureff to that they are a part of the next gene
Out of the dow. Shares of ibm falling hard. Sales coming in short of street estimates for the First Quarter despite gains in the cloud, cybersecurity and watson. It does mark a 20th straight quarter of revenue declines at big blue. Company cfo, martin schroeder, on cloegz well. We have not been solely focused on the top line headline number of when can we print growth. Had we wanted to, we wouldnt have divested 8 billion worth of businesses. We would probably reduce our Investments Overseas where there is a currency impact. That has not been our focus. Joining us now is Credit Suisse analyst who has a rating on the 110 price tag. Ibm is trying to transform is self. How far of a setback back is this . It fundment falamentally tea transition they are going through. We see revenue shrinking through 2019. The second thing, we saw some evidence of that in this quarter. The second issue is this transition towards a cloud or initiatives we think is fundamentally gross margin dill lieu tiff. T