The fcc chairman and a dozen members of congress are getting involved, urging an end to the standoff. A federal judge rules against microsoft in an email privacy case. The judge ruled microsoft must turn over emails stored in ireland to investigators. Microsoft says emails deserve the same kind of protection as letters sent in the mail. As for the lead story, Alibaba Group is pouring millions of dollars into u. S. Tech companies as it prepares to go public later this year. The chinese ecommerce giant invested 120 million in a San Francisco company that makes mobile games. This is after bloomberg reported alibaba is considering investment in snapchat. Others include tango, lyft, and for more we are joined by dan rosensweig, ceo of Online Education site chegg. He was the yahoo chief operating officer from 2002 to 2007, the years alibaba formed a Strategic Partnership with yahoo also, cory johnson, who is in new york this week. At large, yes. [laughter] dan, lets start with you. Lots of i
Injuries only reported for the accident. At highway 92 at skyline boulevard the car went over an embankment and it is still there. The person was taken out of the vehicle into a hospital. We have recovering traffic so it is slow making the commute along 92 up to 35. We will keep you updated. As far as mass transit, everything and running on sunday school but ace train, this is no service for the thanksgiving holiday and bart will roll at 8 00 this morning. This is a decent picture of the bay bridge toll plaza as we go outside. I show you how clear it is because it is wide open. It is virtually empty right now. The roads are dry and i will have the full forecast coming up to a moment. We will talk about it now, shall we . As we look at our live doppler 7 hd it is clear but for high clouds. You can see the twinkling lights and it is lovely. From exploritorium camera, it is beautiful. The forecast shows sneaker waves are a possible so be careful for the rip current with strong tides today
The flexibility to respond and raises the risk of a fiscal crisis down the road. The previous baseline budget projection of may 2013, you have raised the estimate between 2014 by 1 trillion. Most of the increase result from lower Economic Growth and lower tax revenue. Can you describe what economic factors have led to the lower Economic Growth projections . Can you describe what the impact for the federal debt will have on Economic Growth . And him and high amount of debt that we project will and will diminish Economic Growth by the end of the decade and growth by the end of the decade i and reducing our ability to produce. You the downward revision stems are from a large collection of factors, one of which was a dominant. I will and you we looked at revised data and the comprehensive revisions last year. In a we reassessed how close we thought it would get to are thought it would get to potential output by the second half of the decade. And you are we built the in shortfall into our p
In japan, the inflation will rise to 1. 7 in three years. Tom keene, running in place as i speak. The palestinian president seeks statehood for his country outside negotiations. Meets his goal, announcing 7. 1 Million People signed up. There was a victory for the president. Theavid plotz, one of saying we got the 7 million that they forecast. Appreciate the right and the left. There will be debate on the data coming out today. The mba Mortgage Applications at 7 00. It is a weekly number. At 8 15. Ent they are cutting more paychecks, that is an indicator about jobs. Monsanto will be before the bell. Amazon may unveil a tv viewing device today. Microsoft is kicking off its annual developers conference. We will talk about that in this hour. Lets do a new data check. 1881 on the s p. The euro, 1. 38. Nymex crude, still at 100. The vix, stunning number. 13. 10. To see it under 13 to a 12 signals bull market. Castorno idea why i put seed of future in there. I did not know there were castor s
Developers will want to build for microsoft because they will be innovating in every dimension. Speaking at the microsoft build conference, they now have a challenger mindset. We will have more on that later on in the show. Alibaba is investing in lyft intruding to this round of funding. This comes to the weeks after they invested in and another u. S. Company. Theyre trying to build up their u. S. Profile ahead of an ipo in the united states. Blackberry will stop selling its phones in tmobile stores when the contract ends. The ceo says, our strategies are not complementary. He criticized tmobile for encouraging customers to switch to the iphone. First to our lead story, a special show about amazons big unveiling of the fire tv. They had to get the word fire and there. This is significant. I hate covering product announcements but i really feel like this is an interesting position for amazon to be in because they are using hardware to get with their software has not been able to get. It