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
Hospital beds that will be needed. That number is expected to peak as 66,000 some time in may. Check out the trend over the last three days. Hospitalizations have gone up by more than 400 patients and the number of patients now in intensive care is also ticking up. Were looking at icu beds that will need to oc this state. Good news is we have time. Thats why it is incumbent to utilize this time thoughtfully and judiciously. What i mean by that continue to practice safe physical distancing. The state says an impact is being seen from the california stayathome order. How social distancing has helped keep the need for hospitalization from surging. The state hopes the trend continues. Our effort is to move it far to the right as possible, so we can ensure we have the capacity in our Health Care Delivery system. Not just in hospital beds, but in icu beds and ventilators. The governor is absolutely right. We will need more and all of these things we can accumulate. Reporter more people have
Across america. Famed investor mario gobelli has lived through many a crisis. He is here in a fox business exclusive on how hes maneuvering his money and hes going to reveal, stay tuned for this, five stocks he is buying, one of which he just scooped up 100,000 shares of. Youve got to hear. We will give you all the names. In less than 24 hours, Small Businesses are going to line up around the nation for federal money, but theres one group of Small Businesses who may be shut out of 2 trillion in stimulus money. Venture capitalist rohan oza, behind brands like vitamin water, so many names out there, hes here in a fox business exclusive to share his advice for Small Companies getting caught up in the covid19 crush. We have been talking about zoom video communications, one of the breakout stars of the work and learn from home environment, but what about slack and Microsoft Teams and zoom . Are they stressing the internet . We have the net app ceo, we will ask if the webs plumbing is holdin
Soggy in some spots. Light rain moving through the north bay but the rest of the bay area were starting out with low clouds. Here is a look at walnut creek this morning. You may have some of the sprinkles on the windshield as you drive to work this morning. And well also see temperatures in the low 40s heading into the mid50s by early this afternoon. Looking at all of our High Temperatures around the bay area, we have some mid to upper 50s today. A little bit warmer than yesterday and ill talk about some rain coming in tomorrow. As we head out on the roads this morning, here is a live look at bay bridge. Smooth flow of traffic and so far we havent had any big issues. I hope it stays that way. As we are looking at a lot of green for the drive which means that everyone is flowing at speed. Well talk more about what is is a head in weather and traffic coming up again in a few minutes. Sounds good. Thanks, kari. Were celebrating. 49ers are nfc champs and off to the first super bowl in seve
Weigh s wider restrictions on huawei road map begins with apples coronavirus warning cautioning it does not expect to meet quarterly revenue forecasts. Shares are sinking and dragging the dow down with it plus big tech needs more regulation. Why Mark Zuckerberg is calling for more scrutiny of facebook. And walmart earnings look to fall short as the whole day season takes a hit well hear exclusively from Doug Mcmillon in a few moments. Apple warns it will not meet prior revenue projection due to the coronavirus outbreak the virus limited iphone production and resulted in weaker demand in china jim was talking about getting hit on the supply and the demand side although that original range was above estimates. So how much are we really losing i think that people dont want to hear this. Everyone that i spoke to the chatter is come on, jim, its really bad i disagree in terms of the rest of the world its gotten better part of what i hear, the work i do dont forget, a lot of Service Revenue