Announcement from San Francisco mayor london breed. As we said, it was not a big surprise to anyone that this was coming. She has been the face of the stay at home order for the bay area and we expected this announcement was coming. On friday, she said it was likely the order was going to be extended through may. And today she made it official. This has been pretty much the most difficult thing ive had to do is to ask the people of this city to basically stay at home and only leave your house for essential services or if youre an essential worker or to get fresh air and exercise. Adeadlih the to do that hopes of maybe moving back to allowing the city to open. And today, unfortunately, we will need to extend the deadline for the stay at home order through the month of may. It has already been very difficult im sure for many of you, especially kids who cannot play with their friends or a lot of the seniors who are graduating high school. The kids who want to go to the parks, not being ab
Now. Maria big show today, Dagen Mcdowell and emily and James Freeman. Great to see you. Good to see you. Dagen surrounded by all the super smart women. Yes. Just like at home. Maria director or something new . In other words, social media obviously one of the big stories, i have to get your reaction on what you heard. Make zuck is going to be on his own, we will let this democracy play it out and people debate online and people say the messages they want to say, its good news that despite the lose of some partners and political heat hes pressing ahead on his crypto currency plan. We could use that, maybe good for consumers. Maria a lot of pushback because of what he learned in other businesses, facebook ceo testified before lawmakers answering a variety questions on china, crypto currency and libra and watters kicked things off, watch this. Given the companys size and reach it should be clear why we have serious concerns about your plans to establish a Global Digital currency that wou
Today. Call it daydream. The head of vr will join us to discuss this daydream. In a first on cnbc interview. In the meantime after losing a second lawsuit claiming Johnson Johnsons talcum powder causes ovarian canister, they are speaking out right here on cnbc. Comments in a moment. And super bowl of bio tech coming up in just a few weeks. Well start getting data from a number of companies that that could cause sol bic moves. And fed minutes released about an hour ago. Steve leisman has some of the highlights for us. Thanks a lot. The u. S. Federal reserve strongly suggesting the possibility of a june rate hike if the Economic Data improves and that is what they expect to happen. In fact in the minutes before the april meeting that came out just a few hours ago the fed said some of these conditions are already been met but many members of the fed expect the other conditions to be in place by the time the fed meets in june. That means further evidence by the economy is rebounding in the
The patents but hardware, some 2,000 patents and trademark portfolio going to lenovo. First new phone to come out of the deal was moto x that came out last year. Has not been a big hit. Multiple price cuts. Meantime lenovo is on major acquisition spree, making this deal just days after buying ibms low server business. The deal does still need to be approved in the u. S. And china. Googles c. E. O. Said in a blog post, this will enable google to devote our energy to drive innovation across the android ecosystem for the benefit of smart phone users everywhere. On a side note, this does not signal a larger shift for our other hardware efforts. C. E. O. And founder of tech economy joins us from new york. And brad is here from us in the studio. Is google trying too hard to be apple . Yes and no. No in that the deal in 2012 primarily happened because of intellectual property. Tons of litigation, threatened litigation in the android world. They wanted the patents. And they wants to quell moto
And thats what we saw today when the market plummeted the Federal Reserve says it has to keep buying bonds because the economy is still not Strong Enough to generate enough jobs without Interest Rates staying lower than they might otherwise be. The stock markets retreat and the dow gave up 62 points. The s p dropped 4. 9 , and the nasdaq declined. 55 and can clearly be laid right at the feds feet. Thats because until the fed releases the down beat statement crafted after the monthly meeting the average is pretty much even keel and after a moments hesitation. The sellers sell, sell, sell. Overwhelm the market and stocks began to plummet. Detailing and explaining a pattern of stock buying and selling that while totally counterintuitive has become the mod us operandi, and i want to game it with me. First, the stock market acts pretty sanguine in the days leading up to the fed meeting largely because we know the economy is too weak to stand up by itself. We know the fed has to continue to