Conditions in many areas. The Nations Capital lucky. As president president trip have a busy meeting with the airport executives at the white house. In his side new executive orders in what he said will keep america safe. The foxbusiness allstars standing by for all of it. Even more of the refugee terrace the list that we first brought you yesterday. They came into the u. S. They were busted for tereus activity. One of the top female executives telling us when we can expect to see President Trump have a breakfast with the bankers. She is here. We are less than an hour to the closing bell. Lets start the countdown. Lets start the countdown. The northeast is reeling from that snowstorm that has put dozens of commuters and businesses at stand still. Residents are dealing with thunder snow. Need i say more. A foot of snow already there. Its not just connecticut all across the northeast. From new jersey to pennsylvania to new york and ac storm that had people saying i might just stay home t
Presidency. But now another fight brewing, saying that President Trump does not deserve any credit here. Welcome to risk reward, i am Elizabeth Macdonald in for deirdre bolton. All three major indices were up. And 340,000 people came back into the labor force. This after a slew of Companies Like ford, intel, exxon mobile and samsung announce their committee to send money and hire workers right here in the u. S. Our economist joe the plumber will be here. But first. We see how the markets reacted to positive news. Lori rothman with the latest. Reporter everyone here was satisfied with february jobs report, the numbers were better than expected. 235,000 jobs created. Well ahead of the wall street expectation of 190,000. Unemployment, 4. 7 , and average Hourly Earnings jumping up by 2 pu2. 8 from this time last year. For a long time the market today was pretty static, likely could be because expectations for an Interest Rate hike jumped up to 93 at next meeting that is march 15. Before re
One of the most fabled fortunes has died. At 101, he was the world oldest billionaire. He was the oldest and last surviving grandson of john rockefeller, the nations first billionaire. Global news 24 hours a day. From bloomberg world headquarters, i am mark crumpton. Caroline i am caroline hyde. This is Bloomberg Technology. As its blow for uber president heads to the exit. The latest on the embattled company. Apple makes a bet on the next big thing. Could augmented reality replace the iphone . Public debut, not one analyst has a buy rating on the firm until now. We will ask the analyst why he is bullish on the company. But first to our lead, uber as confirmed jeff jones is leaving the company after less than a year. Ofs follows reports allegations from Sexual Harassment to the c. E. O. Travis kalanick. The company is a world in a lawsuit with waymo. Waymo claiming uber is using stolen secrets attained by one of ubers former executives. Joining us to discuss is brad stone and Eric Newc
And eliminate jerks. Pledges to dober as it improves its work environment. First to our lead. Ibm is focusing big on the growth in the cloud, which makes 17 percent of company revenue. We caught up with ibms ceo Ginni Rometty and ousted what it is about ibms loud that sets it apart from the fears competition. It is the platform for new business. One is it is enterprise strong. Enterprise strong, but you have got to prepare for the future and there are two more things about her clout that are very distinctive. One is it is data first architecture and it is called native at its core it is cognitive at its core. You have got to put innovation i and all the time, a pipeline. Today we also announced production on the ibm cloud. That up stranded sections that ups transactions at 10,000 the second. That is what we need to do. And we are the First Quantum computer available on the cloud. You have to do it on the cloud. You cannot do this on your premises. At the point is enterprise strong, you
We were at the ibm cloud conference. In mix of 13 billion worth of business. Ibms ceo. P with the ibm cloud is the platform for a new era of business. Is it isinguishes it enterprisestrong. But you have to prepare for the future and there are two more things that are very distinctive one is that it is datafirst architecture. The third part is this idea of cognitive at the core and that is locked in. The other part is you have to put innovation and all the time. We announced a change on the cloud. That is what you need to do blockchain work. We announced that we are the First Quantum computer available on the cloud. On thenot do this premises. Bettere to have security than anywhere else. When it comes to being data first, very different than some of the consumer clouds out there. You have to be able to protect the clients insights. When you look at the consumer guides out there, they take data. It is how they monetize it. Some call that democratizing. Value of the client is in their ins