Virtualreality headset. Talkan iribe stopped by to about it all, and his major donation to a virtualreality lab. It has been full speed ahead for self driving cars. Tesla is expected to unveil an auto drive feature later this week. Mercedes to honda have also been testing out the technology. We look and how long will be before self driving cars actually hit the car market. First, to our lead. Ofis taking a page out ebays book, and splitting into two separate companies. Pioneer, whoalley has been heard in the downturn in the pc business and some bad acquisitions, says the move will allow it to better adapt to changing technologies and generate more shareholder value. , who just three years ago said a split wasnt in the companys best interest, will become ceo of Hp Enterprise , which is focused on corporate hardware, software, and services. Dion willcome become ceo of hp anchor. Ink. Will land at 55,000 55,000. Corey, are they Better Together or separate . Divorce makes you sad. This is
Revenue. The company, which makes software that allows people to sign documents digitally will use the money to expand internationally. First to our lead, hp is taking a page out of ebays book and will split into two separate companies. The move will allow it to better adapt to changing economies and shareholder value. As part of the move they are also having another 5000 jobs, bringing the total job cuts to 55,000. Cory, are they Better Together or separate . Divorce makes you sad. This is one of those things where you can see the writing on the wall. You could make the argument that meg whitman got the job here at hewlettpackard, right here in palo alto, because of the decision to sell the pc business. A decision she rescinded, and took the thing off the block. There were no buyers then. Behind the scenes, they had been trying to sell it again and found no buyers. Now they will stick it to shareholders, let shareholders decide whether they want to keep it or not. They are calling it
Auction site. Business name that improving revenue it is aimed at improving revenue. The company, which makes software that allows people to sign documents digitally will use the money to expand internationally. First to our lead, hp is taking a page out of ebays book and will split into two separate companies. The move will allow it to better adapt to changing economies and shareholder value. As part of the move they are also having another 5000 jobs, bringing the total job cuts to 55,000. Cory, are they Better Together or separate . Divorce makes you sad. This is one of those things where you can see the writing on the wall. You could make the argument that meg whitman got the job here at hewlettpackard, right here in palo alto, because of the decision to sell the pc business. A decision she rescinded, and took the thing off the block. There were no buyers then. Behind the scenes, they had been trying to sell it again and found no buyers. Now they will stick it to shareholders, let s
Lines. Here is fcc chairman tom wheeler. Chairman wheeler after a decade of debate and an open, robust, yearlong process, we finally have legally sustainable rules to ensure that the internet stays fast, fair, and open. Cory over the next 20 minutes we will have an indepth discussion on Net Neutrality and what it means for global business. We caught up with Steve Wozniak who attended the vote and had these comments. Steve the internet was so beautiful when it first came. Even when it was dialup. It was such an open and Free Expression form, and over time decisions were being made by the isps, the gatekeepers, you might call it. Do we trust them to make decisions . No, we need some kind of supervision of their bad behavior. Are they likely to make deals and accept bribes . Peter you are confident that the rulemaking adapted today will in fact ensure an open and Free Internet . Steve i think it will be a positive step. I think the other side is also for open and Free Internet. The decisi
Buy, neutral, comes after young sales in china disappointed on some can chicken issues there. Thats one to follow. Goldman downgrading shares of young. Linked in, buy ahead of earnings. Buy toll. Virtual, doc. Gap stores, 34. Long ieo and Energy Player etf. I think it goes higher. That does it for us. Dont forts to catch more fast at 5 00 p. M. , follow me on twitter and scott wapner cnbc. Power lunch starts right now. Indeed it does. Welcome to power lunch, everybody. Bulls, large and in charge. The dow trying to wipe out mondays triple digit loss. We have two breaking news stories this hour. President obama to speak in 15 minutes time. He will ask congress to come up with shortterm packages to put off automotiatic spending cuts. Hampton, we begin with you, Budget Office right now releasing its budget and economic outlook. Give us details. Reporter the Budget Office, assumes no change in current laws, 2013 fiscal year budget deficit, 845 billion. Cbo projects first time below 1 trilli