And no refunds. Hotels and airlines might be refunding trips, but many airbnb customers may be out of luck. We have the details. We begin with the volatile state of the markets and the Global Economy as the coronavirus outbreak widens. Italy went into a nationwide lockdown, u. S. Virus cases spiked, and the dow the market plunged. The Dow Jones Industrial complex entered a bear market wednesday, the s p tumbling into bear market territory thursday after President Trump took to the airwaves, announcing a ban on travel from europe. Pres. Trump to keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days. The new rules will go into effect friday at midnight. Emily in tech, the forecast on how much Companies Like apple, amazon, google, and facebook would lose in a downturn, and uber and lyft shares fell on the reality that customers are sheltering in place. I asked Wedbush Securities dan ives for his take on the volatili
China despite the spread of the coronavirus. The Global Smartphone market has been slowing down for some time. The coronavirus will only make it worse. Shipments will drop 2. 3 to around 1. 3 billion units. Paul allen and emily chang spoke with the ibc president on wednesday. We have a number of analysts looking at this. We would say the tightest ingredient in this is the people. People are not fully back to work. With think the manufacturers in china are mainly 30, 30 5 35 of capacity. They are slowly starting to ramp back up. China also has been a place where many components are manufactured. From that standpoint, what we have now is we believe the tightest components will be pc base and screens. That would fit with the story we have today, that if you are having trouble with replacement parts, what is one of the biggest parts . You drop your phone and you break your screen and you need a new panel. The idea that displays and screens are already starting to show up in short supply fi
Role at the online marketplace. Who will help invigorate the floundering company . We begin with what was a historic week in washington. On tuesday, House Speaker nancy pelosi formally opened an impeachment inquiry of President Trump. The Investigation Centers on a phone call President Trump had with the president of ukraine and whether the president betrayed the nations security by seeking to enlist a foreign power to tarnish a rival for his own political gain. In this case, the son of former Vice President joe biden. While the story was not techrelated per se, an interesting tech company did show up in the partial transcript of President Trumps call with ukrainian president. That company, crowd strike. I spoke with their Ceo George Kurtz about the mention of his company in that president ial phone call. George the only reaction i have is that in 2016, we actually performed the dnc investigation. We worked very closely with the fbi and turned over all the forensic data, and we stand b
Launches lofty goals to combat climate change. We will have details. Last, a new york based Cloud Software company data dog sees a pop in shares after the company goes public. We will hear from the ceo. First, huawei launching its first highend smart phone since the Trump Administrations blacklisting. On thursday, the Telecom Giant announced its pro fund. Its pro phones. They pack a punch, including 5g capabilities, but all eyes are on that software and those huawei phones are running a free and open source version of googles android operating system because the u. S. Blacklist prohibits them from getting the official version from google. That means no Google Play App store to get programs like google maps. To tell us more, bloombergs Consumer Tech reporter, mark gurman. Talk to me about 5g. Huge deal . Mark 5g is going to be a massive deal at the end of next year in the u. S. Around the time the next iphone is going to have it. Right now, youre seeing more and more 5g Networks Coming
Lofty goals to combat climate change. We will have details. Based cloudyork software company, data dog sees a pop in shares after the company goes public. We will hear from the ceo. Way launching its first highend smart phone since the Trump Administrations blacklisting. On thursday, the Telecom Giant announced its profounds. They pack a punch, including 5g capabilities, but all eyes are on that software and those huawei phones are running a free and open source version of googles android operating system because the u. S. Blacklist prohibits them from getting the official version from google. That means no Google Play App store to get programs like google maps. To tell us more, bloombergs Consumer Tech reporter, mark gurman. Talk to me about 5g. Huge deal . To be a is going massive deal at the end of next year in the u. S. Around the time the next iphone is going to have it. Right now, youre seeing more and more 5g Networks Coming online a little in the u. S. But mostly in europe and