Concerns about jobs and especially about the coronavirus. Well talk about it all. Im connell shane, welcome to after the bell on a friday, and its time for the news thats happening at this hour. Our fox Business Team coverage, blake burman at the white house, Edward Lawrence is in washington, jer true willis in new york. Edward, we kick it off with you and the details on the jobs report. Reporter theres still some growth, plus looking forward to stimulus. Thats what the markets like. In november the economy added 245,000 jobs, almost half as much as the the experts thought. The unemployment rate, though, dropped to 6. 7 , well below what the federal are serve estimated from last summer. Now, the administration saying this is a fundamentally strong economy, and were moving very quickly in the right direction. Listen. President trump has always add slow e candidated keeping advocated keeping businesses open and keeping schools open. Thats very important. All right, thats a good point. So
Videoconferencing service that has taken the world by storm. That is zoom. This is a service that has been a lifeline keeping families and businesses together, but he has also been dogged by security issues, privacy issues, zoombombing. Ceo aboutth the zoom what he is doing to combat all of this. Lets take a listen to that conversation. Beautiful. Time, they do not have an i. T. Team. We give them a very strict security. Password. Emily i want to give you a sense that i want to get a sense of what it is like. You go from 10 million to 200 million users in the matter of a week. Funerals and schools and families celebrating passover. Hard are working extremely for almost a month now. Capacity and the traffic and make sure the service is up. It is really, really challenging. Cost and alln the of our employees working so hard. We have had pr and privacy issues. Banned by have been school districts, the governments of taiwan and germany for official use, google. Tesla, spacex. How many cust
A jam packed show today so lets go ahead and dive right in. The ongoing trade war with china leads our global report again today as wall weighs Consumer Division c. E. O. Richard you confirmed an indefinite delay in the companys much anticipated new line of laptops while we was set to reveal a new line of windows laptops at c s asia in shanghai this week although they didnt plan on a while announcing a release date trade sanctions imposed by the u. S. Government have hampered wall weighs ability to procure products from American Companies including Microsoft Software and processors made by intel you also told c. N. N. We see on one stay the weiwei may never be able to release their new laptops if the Company Remains on the u. S. Commerce department list. Despite the setbacks in the Consumer Electronics field while his chief strategy architect one sean told the Financial Times while was working with volkswagens audi and a joint venture between chinas g a c and japans toyota busy to prov
Field while his chief strategy architect one sean told the Financial Times while was working with volkswagens audi and a joint venture between chinas g a c and japans toyota to provide their a tech for self driving vehicles the waterway executive added that he expects the vehicles with autonomous driving components in 2021 or 2022 and that they would be available in china and europe. From tech to food in china the countrys consumer inflation grew to its highest level in 15 months and may the Consumer Price inflation rate jumped to 2. 7 percent in may thats the highest level since february of last year the number grew 2. 5 percent in april the spike is mostly due to the ongoing african swine swine fever outbreak in china that is pushing up the prices of pork and weather issues that have caused a shortage of supply of fresh fruits that plus the ongoing trade dispute between the u. S. And china has created uncertainty in chinas economy fresh fruit prices rose in may by a record 26. 7 perc
Working with volkswagens audi and a joint venture between chinas g a c and japans toyota busy to provide their a high tech for self driving vehicles the waterway executive added that he expects the vehicles with autonomous driving components in 2021 or 2022 and that they would be available in china and europe. From tech to food in china the countrys consumer inflation grew to its highest level in 15 months and may the Consumer Price inflation rate jumped to 2. 7 percent in may thats the highest level since february of last year the number grew 2. 5 percent in april the spike is mostly due to the ongoing african swine swine fever outbreak in china that is pushing up the prices of pork and weather issues that have caused a shortage of supply of fresh fruits that plus the ongoing trade dispute between the u. S. And china has created uncertainty in chinas economy fresh fruit prices rose in may by a record 26. 7 percent year over year and cork rose by 18. 2 percent over the same period of t