a jetliner on take off nearly collides with another aircraft at new york s jfk. the faa now investigating. disastrous deluge hits california again. first responders coming to the rescue with a new system set to storm across the country. and, later, they re a team of rescues who love winter. the howling and the running are only part of the story. announcer: this is the cbs weekend news from new york with jericka duncan. good evening and thanks for joining us. today, president biden became the first president to speak at a sunday service at the historic ebenezer baptist church where dr. martin luther king jr. once served as pastor. he reiterated the theme he s called on before, redeeming the soul of america. it s s the tk of our time to make that dream a reality because it s not there yet. but in our nation s capitol the president faces a political nightmare. this weekend s disclosure that more classified documents has been found is empowering republican plans for inves
Response to the surprise invasion by hamas forces, storming into israel by land, sea, and air. Thousands of rockets launched into israel, overwhelming its defenses. Hundreds dead in israel, and hundreds now in the palestinian territory. Militants kidnapping Israeli Soldiers and civilians. Now holding them hostage. How many were taken . Israelis Prime Minister vowing revenge. Our correspondent inside israel. President Biden Condemning the attack on israel. How the white house is trying to contain the crisis. The United States stands with israel. Plus, Security Being ramped up at synagogues here in the u. S. Amid fears of retaliation. Also in the u. S. , two massive rainmakers converging on the northeast today. Millions under flood threat. Rescues already under way. And runway collision. A shuttle bus slamming into a Passenger Plane in chicago. We hear from passengers onboard. Announcer this is Nbc Nightly News with jose diazbalart. Good evening. We begin tonight with one of americas clo
Is down over 15 in after hours trading. Erin delmore explains why. Meta Ceo Mark Zuckerberg piqued investors interest when he predicted 2023 would be the year of efficiency, and he won them over when he delivered on it. The stock nearly tripled last year. This year, meta shares are up another a0 . But on wednesday, meta released its First Quarter Earnings Report and shares initially slumped during after hours trading. Facebook s Parent Company did Beat Expectations on revenue and earnings, but it disappointed on its Revenue Forecast for the Second Quarter of the year. Higher expenses also weighed shares down. So wednesdays Earnings Report marked a back down to earth moment for the formerly red hot tech giant, and it moderates expectations for the months ahead as the company grapples over how to generate profit off of Generative Aland drum up Advertising Revenue in an increasingly crowded market. I spoke to tech analyst ray wang of constellation research, and asked him what he made of m
We start in the us, where shares of meta, hello. If you are justjoining us, you are in time with the top business stories. We start in the us, where shares of meta, the owner of facebook, instagram and whatsapp plunged in after hours trading after its forecasts disappointed wall street. Investors are concerned the huge amount meta is spending on Artificial Intelligence may not translate into higher profits. Lets show you the details. When it comes to how much money meta is making, profits came in at 12 point 4 billion in the first three months of the year. Thats more than double the amount it made this time last year, and better than expected. But heres one of the numbers worrying investors, meta expects its costs to rise to almost 100 billion this year, as it invests heavily in al and virtual reality. Coupled with a forecast that revenues will barely grow in the Current Quarter that sent shares plunging some 13 in after hours trading. Wiping as much as 160 billion off its stock market
Meta Ceo Mark Zuckerberg piqued investors interest when he predicted 2023 would be the year of efficiency, and he won them over when he delivered on it. The stock nearly tripled last year. This year, meta shares are up another a0 . But on wednesday, meta released its First Quarter Earnings Report and shares initially slumped during after hours trading. Facebook s Parent Company did Beat Expectations on revenue and earnings, but it disappointed on its Revenue Forecast for the Second Quarter of the year. Higher expenses also weighed shares down. So wednesdays Earnings Report marked a back down to earth moment for the formerly red hot tech giant, and it moderates expectations for the months ahead as the company grapples over how to generate profit off of Generative Aland drum up Advertising Revenue in an increasingly crowded market. I spoke to tech analyst ray wang of constellation research, and asked him what he made of metas soft outlook. They outperformed in their results, but the chal