chamber of commerce. am so pleased to say that jason kelly is sitting right next to me. he is the cofounder and ceo of ginkgo bioworks. everyone here is an m.i.t. or harvard grad. you did m.i.t. talk to us about your decade of excellence that happened with the company and how you are thinking about all of this big biotech innovation that you are a part of? jason: that is the great thing about the area. you are in close proximity to this. the idea was to take the learnings from software. this idea that you can program code and put it in your phone and app and make you do something new and put that in technology. dna is code. you can read it and read it and make something new. that is what happened at m.i.t.. >> i think you recovered we all learn what mrna was. how has the success of that technology brought light to a lot of the innovation going on? jason: covid has been a general public education on biotechnology. people know what pcr's are. that means something. mrna, what we did is we put a bit of mrna c

the decline is this an e-commerce recession?ings show the same stru struggles hitting competitors. consumers returning to stores. jeffries says numbers are worse thanexpected, but see value in acquisition of deliver,. bulls see near term head winds to be transitory shares are down more than 17%, adding to year to date heavy losses there's a bear case to be made hit it earlier the idea that tobias is looking for founder share is interesting. what did they call it, adam neumann-y. as you see more, it begs the question, is this what we want to see from ceos. >> okay. governance is important, but the idea of talking toby luke in and adam in the same sentence is ridiculous what shopify is doing is a powerful trend in e-commerce in digitization and transformation of small business. that was important in the pandemic i think businesses have gotten that i don't know what the right value for shopify is, not my job, but i think it is interesting to see which companies have the capital and vision to invest in the right things during down d

today, we are seeing the e-commerce giant getting hit hard on the s&p.is one of the biggest decliners out there. wayfair down pretty big. here in the u.k., boohoo. what do you see in that kind of fast fashion, e-commerce market right now? stocks have held up reasonably well thus far. what do you see in these businesses? mark: if i look across the entire consumer and industrial space that touches e-commerce for us, i'm seeing strength. but i'm also seeing in parts softness in automotive, which is less e-commerce focused. but with consumers, fashion is very strong, to your point. what surprised me is the consistency of, despite the fact of having this shift earlier from e-commerce into brick-and-mortar retail, both e-commerce and brick-and-mortar retail have remained resilient through the first quarter. that has underpinned that 19% organic growth i have talked about. i think there is a differentiation between the haves and the have-nots, and that will be a barbell into the second half of the year. let consumer elements like fashion remain strong. industri

u. chamber of commerce in china. more than a quarter of the 370 firms participating in the survey said they're thinking about pausing investments, or moving them to other markets. the federal reserve in the united states has raised its benchmark interest rate by half a percentage point. the biggest hike in 2 decades is meant to battle inflation just currently running at a 40 year high. that's it for me and the dw business team. you can find out more about these and other business stories online. check us out a d, w dot com slash business. we're also on youtube under the d. w. news channel. i'm stephen, beards in berlin. likes watching. with oh, shoot the school, the doing the spotlight. go down. to worry about family members to ukraine, you know, to, to sign into sports like they can forget about the war, at least for a few focus in it d, w, blue ah, how many push now in the world climate change can be very comp, the story. this is my plan, the way from just one week. how much was can really get we still have time to

selling in the e-commerce space.hinking amazon, ebay, and tesla also selling off in a big way. emily: it wasn't just bitcoin, to be clear. how broad-based was this selloff? >> it was remarkable. this space, the cryptocurrency ecosystem moves as one. most losses came in bitcoin. compare it to ethereum, the second largest cryptocurrency. down 6.4%, only being a relative term. the underperformer among the bitcoins. but if you look at some of these off coins, something about avalanche, they were down as much as 15% at one point at the worst of it. this is as we talk about the fed, the macro environment, liquidity coming out of that system. what it means for cryptocurrencies. and it doesn't seem so good so far. emily: talk about the companies that have made bitcoin crypto a part of their business large and small. how did it impact them? >> we have to go straight to microstrategy. what was interesting about the earnings report, they took a hit on bitcoin holdings. bitcoin had a rough couple of months. what was interesting

this was an energy and commerce issue. but to suggest in some way that this is the democrats, i will tell you it's the republicans if that money had been in place we would have had the inspectors. we would have had the ability in my opinion to do a lot more on the issue of food safety and so this crisis, to some extent is based on the republican's unwillingness to adopt a fee structure and provide that regular source of funding for the f.d.a. now let me also say that in addition to the emergency funding, the house is also voting tonight on grant flexibility to the w.i.c. program. i want to thank ed and labor for that. the biden administration has taken a number of important actions to respond to the shortage, incluing working with manufacturers to increase production, encouraging importation of safe infant formula and today as the chairwoman of appropriations said, the operation the white house announced including the use of defense production act to show that this administration is continuing to commit to end this crisis.

of course for the greater boston chamber of commerce. am so pleased to say that jason kelly is sitting right next to me. he is the cofounder and ceo of bio works. based start here in boston. we were talking off camera, everyone here is an or harvard grad. you are an m.i.t., one of the smart ones. jason: i got an undergrad and phd. my dad called it a decade of excellence. taylor: talk about your decade of excellence at your company and how your think about biotech innovation going on of which you are a part of jason: i think that's one of the great things about the area frankly is close proximity to these. an m.i.t. professor and the idea was take the learnings from software, this idea that you can program code and put it in your phone, put a new app and there, give yourself something new. apply that in biology and the idea was dna has code, you can read it and write it and install the code in a cell purity can make it do something new. so that was the foundation and it came from our experience at m.i.t.. taylor: i think in covid, we all

u chamber of commerce in china. more than a quarter of the 370 firms participating in the survey said they're thinking about pausing investments, or moving them to other markets. the federal reserve in the united states has raised its benchmark interest rate by half a percentage point. the biggest hike in 2 decades is meant to battle inflation just currently running at a 40 year high. that's it for me and the d. w. business team. you can find out more about these and other business stories online. check us out a d, w dot com slash business. we're also on youtube under the dw news channel. i'm stephen, beards in berlin. thanks for watching. with ah, is the end of the pandemic in site? we show what it could look like. will return to normal. and we visit those who are finding it difficult with successes in our weekly coping 19, especially over 90 special in 30 minutes on d. w abortion. in europe. gold credited the right to the woman to determine her own pregnancy. generations for trouble. but now it's in more danger th

u. chamber of commerce in china. more than a quarter of the 370 firms participating in the survey said they're thinking about pausing investments, or moving them to other markets. the federal reserve in the united states has raised its benchmark interest rate by half a percentage point. the biggest hi can 2 decades is meant to battle inflation just currently running at a 40 year high. that's it for me and the dw business team. you can find out more about these and other business stories online. check us out a d, w dot com slash business. we're also on youtube under the dw news channel. i'm stephen, beards in berlin. likes watching eco, india. oh, it feeds india's bread basket. the dandy 50 percent of the country's green comes, but if facing the ground water is growing scarce, dim as a research project is now helping farmers to better manage this precious resource. eco india. next on d w. ah, what secrets lie behind these walls? discover new adventures in 360 degrees. and explore fascinating world heritage sites. d. w

i have been on the energy and commerce committee now for over 30 years. fda's policies of food safety, unlike that for drugs and medical devices, is not based on fees paid by the manufacturers. and this is because republicans in the past have not been willing to impose those fees on the manufacturers. i can tell you that from personal experience when i tried include a fee structure in food safety initiatives in the past, before my committee, the energy and commerce committee, every time it was opposed by the republicans because they were listening to the manufacturers who did not want the fee schedule imposed on them. we have it for drugs, we have it for medical devices. we don't have it for food safety, and that is right in the hands of the republican leadership. and i am not particularly blaming the appropriators, say, because this was not an appropriations issue, this was an energy and commerce issue. but to suggest in some way this is the democrats, i will tell you it is the republicans. if that money would had been in place, we would've had the inspe

at the department of commerce -- if the department of commerce continues down the path we're on and enacts additional and retroactive solar tariffs, more than 100,000 american jobs could be lost. hardworking families across this country will feel the pain of this decision that will cause energy costs -- they're going to cause energy costs to go up. americans are already getting squeezed at the gas pump, facing historic inflation, paying more for groceries. we cannot allow home energy costs to increase as well. the administration, they can prevent this outcome and quell the panic in the solar industry by swiftly bringing the department of commerce's misguided investigation to an end. i understand and respect the department of commerce's need to be thorough in investigating any claims of unfair trade practices, but as i've been pointing out, this petition is built upon a husband 0 of cards -- upon a house of cards. the petition for the investigation was brought by one -- one single solar company relying on data from researchers who say the the company's claims are wrong and the claims in the

even the first half of 2020, e-commerce is off.has a lot of repercussions to other industries like software, ridesharing, advertising. to be frank with the selloffs, we think there is something you're going on. we think investors are reevaluating whether or not these are technology companies. >> which companies? >> netflix is now being valued like cablevision. other investors are looking at facebook and saying does their future look more like at&t than google? you are seeing multiples rerate faster because investors in our opinion they have likely moved too far in that direction. we have to do our jobs and parse through it and find good deals. >> meantime, you have had a flood of retail investors coming into this market over the last couple of years thanks to companies like robin hood. what happens to them? >> a lot of them might not exist. you saw something similar in the late 90's internet boom. the explosion of e*trade's and ameritrade. a lot of the businesses had to merge to stay alive. some went private. this twitter deal very

last year e-commerce outperformed general retail.commerce year-to-date for china is around 3% versus the negative growth in retail sales. as a proportion of the overall sales, e-commerce continues to outpace and the percentage is increasing from somewhere around 25% after 28%. haslinda: what is the outlook? the first time u.s. growth will exceed that of china in a very long time. what is the outlook? ling: sometimes our spend growth is not necessarily directly correlated with the overall gdp growth. there's a lot of pent up demand in china as you know. i think people just really haven't been able to travel outside of china. overseas students in the u.s., of those who have been able to go overseas you're seeing a recovery. we remain cautiously optimistic. haslinda: mastercard has been -- it's no secret mastercard wants to partake in the digital yuan and you are waiting for approval. where are you on that. ling: we are waiting for approval for a license to conduct domestic switching business. we are working closely with the regulator i

you are the commerce secretary, not labor. commerce has a vested interest.a have a skills gap and what can be done about it? >> good morning. first, i will say the jobs numbers, there have only been three times in the past 50 years that we have seen unemployment rates as low as it is. having said that, we do have a skills gap. we also have an issue with not providing enough support to women. if you look at the industries where you see the slowest growth in wages and in unemployment, it is in businesses that enable women to work like childcare or in businesses where women are clustered like in nursing homes and health care. i think we have to keep our eye on that story. having said that, there is absolutely skills gap. i am taking this on as commerce secretary. we launched an initiative called the good jobs challenge which is working with employers to provide apprenticeships and training so folks can get the skills they need to get a job. i am a firm believer you have to start with the business community and the business need then work towards to tailor the t

the e-commerce giant raised $1.5 billion in that launch.ent high at the launch, and things though, not been that great for the share price for this online mall. yvonne: 60% or more off the peaks we saw. the company's market cap now around $2 billion. joining us is the company's president, teddy oetomo. i guess you are on the same ship as a lot of tech companies right now, facing challenges of soaring inflation and rising interest rates. how do you think that affects your business? teddy: i think from the company side, rising interest rate, interestingly enough, it has a bit of a benefit because when we are sitting with 20 trillion rupee of cash, increasing interest rate reduces our cash bank. in the first quarter we earned about 250 billion rupee. obviously as the increase in real -- in the interest rate, it would curb it further. as it is now, we have over 20 years worth of runway in our cash if we include the interest. that will prolong that. in regards to inflation, the other interesting part is if you look at the history of asia, we're

, did any or could any of them pick up online sales share from these e-commerce heavy weights. pushing more shoppers to value oriented retail options from walmart to target to tjx and ross stores. although secondhand thredup and poshmark put up disappointing foeshss, at times of inflation, you'd think resale would see an influx of deal seekers doesn't seem to be happening right now. lower prices for gasoline at walmart sams clubs might enticee consumers if fill their tanks and trunks sam's clubs comparable forecasts are expected to grow more than walmart's. as we get the results, and more importantly the commentary from execs. >> absolutely. courtney, thank you so much. you mentioned amazon as we head to break, take a look at shares of the company since going public 25 years ago yesterday. it is up, look at that some huge amount, thousands percent, you can see that under performance as of late stay with us, we're backn st mont iju (dad allen) we've been customers for years. (dad brown) we got iphone 13s, too. switched two minutes ago, literally right before this. (vo) now every

exactly eight the internet commerce association is being created in the eaeu, the time to pay taxes is the reporting date june 1 in russia, the demand for push-button phones is growing. you are watching economic news. good morning, the eurasian internet trade association is being created in the eu on the basis of the leading countries in their association, the platform is designed to develop rules for its members on the basis of self-regulation, as well as protect the interests of citizens and entrepreneurs. this is how universal approaches are formed. the functioning of the single market, according to the use data , e-commerce in the eu showed steady growth over the past few years in 2020. it amounted to about 52 million dollars, and in 2021 it has already exceeded 780, no later than june 1, it is necessary to pay income tax on the basis of the submitted declaration on income received last year, let me remind you that the declaration was submitted before the beginning of april and now is the time to pay the required amount . over the past 5 years, income has been received from the sal

eastern on c-span, the house energy and commerce committee hears from f.d.a.nd heads of leading baby formula manufacturers on the baby formula shortage. on thursday at 9:30 a.m. eastern on c-span, the senate armed services committee holds a hearing as the supreme allied commander europe for nato. watch next week live on the c-span networks or on c-span now. head over to c-span.org for scheduling information or to stream video live or on demand anytime. c-span, your unfiltered view of government. next cecelia and jean talk about the state of the u.s. economy. this is an hour and 45 minutes. >> when president biden first entered the white house, let's all remember that unemployment was at 6.4%, almost twice prepandemic levels. the u.s. economy was fresh off a bruising year with gdp contracted 2.3% and the recovery from the pandemic was at risk of stalling out. let's fast forward to 16 months later and we are in a vastly different place.

net e-commerce grew, just 1% like last quarter, they were up on a two-year basis during the quarter, walmart lost its last indianapolis fulfillment center from a fire, and e-commerce was part of the gross margin drag. now, like amazon, walmart sells items online itself is and through huge marketplace those marketplace items cannot be bought in stores but can be returned there, and walmart said that more shoppers are returning to stores. but more than half of walmart sales are food, remember, and it's online grocery program for pickup or delivery has been a large growth driver across the business food sales were strong in the first quarter. home depot's digital sales grew 3.7% after growing 6% in the fourth quarter, 9% for all of last year. around half of home depot's online orders are fuill fulfilly its stores that's key for the pro customers or the do it yourself shoppers who need materials to complete a project asap back over to you guys. >> i'm wondering about strategic advantages that these companies, walmart and home depot might reap from their technology and e-commerce experien

amazon and other e-commerce stocks pummeled after disappointing earnings reports. is the pandemic online shopping boom over? energy prices on the rise again, which stocks are still worth buying. on "barron's roundtable," my colleagues, ben levinsohn, carlton - carleton english and andrew bary. imagine my luck having you here. i don't get it. wednesday, stocks soar because powell rules out a 75 basis point rate hike. i've been crunching the numbers which i'm pretty sure three, 50s gets you two, 75s. what were investors excited about wednesday and why did stocks dive more than they rose come thursday? >> on wednesday people got excited that we weren't going to get a series of 75 but a series of 50 and your math is right but the pace would have taken it a lot higher. it was a bit of an overreaction. powell left it open where things go next even if you get a couple of 50s in a row and on thursday some new economic data, productivity fell a lot. labor costs rose. friday we got payrolls that beat expectations and showed wages rising but there is more than the us. china p

how big of a deal is this commerce department investigation for u.s. renewables growth?e event. we're estimating that around 64% of 2022 installed or potentially to be installed solar capacity is at risk of being delayed or outright canceled. as you mentioned, it boils down to the fact that the threat of tariffs being imposed on supplies is being enough of a risk so, importers have decided not to bring any other equipment into the united states this is very disruptive for the industry because in 2021, 85% of the imported panels came into the country, specifically malaysia, thailand, and cambodia >> how long might this last? >> that's a great question the department of commerce decided to start an investigation around the end of march. their preliminary decision will be done by august and the final one is scheduled to be in january 2023 the impacts of this investigation might be felt for longer than that specifically if tariffs are imposed on panels, it will take around 18 months for any given planned capacity, manufacturing of solar in the united states to become operati

when you look at the selected e-commerce index it has given up half of the peak of the pandemic gains we talk about shoppers changing is not just how they shop, but also what they have been shopping on. consumer discretionary really getting hit. those stocks down in the past month and a big way, key part is inflation, wages are rising, but not keeping pace, a lot of the optional spending dwindling particularly as food and fuel prices have been rising in a big way. that is a key thing we are seeing retail earnings. ed: thank you very much, let's stick with the market selloff, lots of big-name tech companies feeling the burn of higher interest rates, continue crisis of a war with the, domestic inflation, and the pandemic well into its third year. let's talk about how the market is not just affecting public markets, but later stage startups and companies. alex, the day like this, red everywhere, anxiety everywhere, what is your take on it? >> thank you for having me. definitely a tough day for public market investors. as a venture capital firm with over 20 years of investing history and

last month, the energy and commerce committee held a hearing with the leaders of the six big oil companies and during that hearing and questioning from me, all six big oil c.e.o.'s refused to scale down stock buybacks, making it abundantly clear their sole interest is profits, even when it comes at the expense of the american people. instead of a traditional supply and demand economic model where we'd expect to see these companies ramping up production to meet rising demand, they are instead using their profits to buy back their own stock to further pad the pockets of their executives and shareholders. now, if oil companies want to produce want now, nothing is standing in their way. the oil and gas industry has more than 9,000 approved but unused drilling permits that could be used for production today. instead, big oil companies are more interested in funneling billions to their shareholders and executives than addressing record high gas prices. they are gouging consumers, and they are manipulating the market by deliberately keeping production low which keeps both prices and their profits

where is the chamber of commerce? where are the various chambers of commerce across this nation? why have they not spoken out? these things are occurring in business places. at some point people will limit their engagement in business places if we don't stand up and speak out. if people understand that there's a risk of being harmed for going into a food store or a service station, some place of business, people will limit their activities. someone might say, well, you can always order your food from a source and have it delivered to you. i can contend that -- i contend that if you do this or if you limit your participation, revving flew decline -- revenue will decline in places of business. the business community has to be concerned about its revenue. look, we should all be concerned about the lives that have been lost. but this can impact the economy. it can impact businesses. and the extent that they will be able to maintain the work force that they have. we've got to care about all of this. what impacts one directly can impact all indirectly. so we've got to concern ourselves

amazon meanwhile is no longer just an e commerce and cloud computing giant. it's also one of the biggest media companies in 2019 amazon invested $7000000000.00 into music series and films. and that was before it board m g m amazon's india division is currently in trouble. according to reports, it's systematically copied items sold by 3rd parties and then rigged search results to favor its own product. the problem is that amazon is not just the platform. it's also a retailer itself, and it competes for customers on its own platform. one woman who is fighting big tech monopolies is lena. com. be answered, ross, scholar and law professor was recently appointed. the chair of the u. s. is federal trade commission and she's got big tech worried. his wife, some call her the wonder woman behind a new wave of anti trust laws. lina con intends to break up america's tech giant. but taking on, gaffer is no small feat. con, was born in london to pakistani parents. the family moved to the us when she was 11 years old, now 30 to conquer, up with the internet. and she's skep

amazon has successfully applied data to commerce for its advantage. it's successfully supplied data to computing for its advantage now perhaps the question is can it apply data to labor for his advantage, both getting the most out of the workforce, pleasing the workforce by giving it the incentives that it needs and reducing churn so their workforce is more efficient. is that something that investors either should watch or have a way to in the numbers? >> that's a great idea, john i don't know how the heck you can attract that, but it sounds like a great think amazon is doing -- two or three things to keep in mind i think amazon is investing 5 to $10 billion on projects we don't know about my guess is they're in delivery automation and fulfillment center automation. that's one way to over time run the business a lot more efficiently, even with the same amount of employees. the other thing is, something we pointed out earlier, amazon and other people did, too, they overhired. they had to put plans in place at the very end of 2000, beginning of 2001. yo

we enable commerce in a safe and secure way. are banks we provide products that support their customer base allowing them to deepen relationships and extend financial tools to consumers. for credit unions to help people buy homes and start businesses, our products allow them to more effectively support their communities. the value we bring to banks as evidenced by the greater than 45% growth in carts and the u.s. over the past five years. for merchants electron payments provide them with the benefits and protections they don't receive from cash and check it. in addition to increased sales and operational savings, merchants receive guaranteed payments, even when consumers don't pay their bills. banks absorb these costs which on average higher than the average merchant cost of acceptance. mastercard is deeply committed to small merchants. within the first weeks of the pandemic, we announced 250 million-dollar financial package to support them through this crisis. the value we bring to merchants is clearly demonstrated by the growt

we are trying to build the largest local commerce business globally, so we have a lot of work on ourlate. we have to make sure there cannot be any distractions and that it is entirely focused. that is what volt was such a great example. it added to our footprint, but the way in which they built their business, the culture around building the best product, making sure they do it in a capital efficient way, that aligns well with how we do things at doordash, and that was a perfect example of the way we do things. emily: we will be watching. coming up, a trip to the metaverse is real-world retail. we got a sneak peek at meta's first brick-and-mortar store. we will tell you if it is worth a visit next. this is bloomberg. ♪ emily: monday is opening day for meta's first brick-and-mortar store. ed ludlow got a behind-the-scenes look at the store. ed: if you needed more proof that meta-is going all in on web three, then look no further. take a look at the company's first retail store where vr and ar polygraphs are front and center. this is a metaverse store in the real world. this store is t

former transportation and commerce s >>> former transportation and commerce secretary norman mineta hase died yesterday at his home in maryland from a heart ailment. he served briefly as commerce secretary at the end of the clinton administration. he was also transportation secretary for president george w. bush during the 9/11 terror attacks. he was the first asian american to ever serve on the cabinet. norman mineta was 90 years old. >>> new mexico's governor is asking for federal help for wildfires, and the cdc has a mask reminder. those are some of the headlines on the "morning newsstand." "the washington post" reports the cdc is reiterating the importance of wearing masks on planes and public transportation. it comes after a federal judge in florida last month struck down the federal transportation mask mandate. the cdc said masks continue to be an important tool for stopping the spread of the virus. it also said everyone aged 2 and older should wear masks in airports and train stations. the justice department is appealing the decision. >>> the "associated press" says the new mexic

we were looking for a gain -- i'm sorry, that's e-commerce. i'm going back to e-commerce.on, that is a strong number. as far as net sales at sam's clubs, 19.6 billion. u.s. comp sales without fuel, this is big, u.s. comp sales without fuel, a 4% gain. that could have been probably a little bit better than what the analysts were looking for. same store sales, a gain of 5.6%. and what was e-commerce again, charlie? 1%, and that's a big miss, okay in that is a big miss on e-commerce. we were looking at 5%, came with a gain of 1%. and again, same store sales coming in for the just anyway, coming in, as i said, about 4%. now, u.s. comp sales they're excluding fuel, that's a spread of 4-5%. as far as second quarter, remember, this is their fiscal first quarter. for the second quarter, okay, this is -- because they do fiscal year, so that ended at end of the first quarter -- second quarter earnings per share flat, but again, they're saying as far as second quarter the forecast, they're saying they are going to see a little bit of a stronger sales jump in the second quarter. so th

liz: rodney is the ceo of the san francisco chamber of commerce.nounced these findings at a breakfast this morning alongside their been buried the mayor acknowledged frustrations about the city and pledge to do more to increase police staffing. >> i'm tired of people saying they don't feel safe coming to work. i'm tired of seniors in our chinese community wearing about walking down the streets. liz: 82% of the polls respondents say crime has gotten worse in san francisco. 45% say they are likely to move out of the city in the next few years. >> the overall takeaway is that people want laws and policies that are in place to be enforced. liz: the numbers also show bad news for district attorney jason , 67% of respondents say they want him recalled. the chamber of commerce agrees. >> i think the recall sends a message that we want a tough cop in the da role, but also helps send a message to everybody who is saying they have to listen to the public. liz: he told me last week he is being tough on crime and that removing him would only destabilize the di

and while volcanic rock in local would define commerce architecture, it's the people then really wants to introduce us to build new sauce that we are going to our poetry slam sent atlanta. that's when the wic la, where we exchange ideas and i it's, let's go to see all i all slum, pull up, be all slum po box. darcy, novel is this law for my peers. 3rd novak on to slum or seymour this to know shantia in those this block diversity with yahoo. but i thought that was active job . i don't know. it's on this last islam opiate them on. if it won't go, i shall take them organizer in europe. the suv lumpkin america, appropriate to suv? i repeat, going of can lose of living in peace is a biggest, james. yes, young people have don't. 0, one day. we want to live in a place where we won't be afraid that our father's little short luxuries. mo, mom's will be killed. the law silverado don't tell, will be assorted in the streets of an aggressive allahu, willows. we just want a city where we can live and the jacobite, or where people come to see our city. a motivation to see the volcano yet are going to

that's according to the results of an annual poll released by the city's chamber of commerce the poll which surveyed 500 residents found 76% of respondents feel san francisco is on the wrong track 20% feel the city is on the right track. unfortunately this year again, we have some pessimistic views on the city rodney fong is the ceo of the san francisco chamber of commerce. he announced these findings at a breakfast this morning alongside mayor. read the mayor acknowledged frustrations about the city and pledge to do more to increase police staffing. i'm tired of people saying they don't feel safe coming to work. i'm tired of seniors and our chinese community worrying about walking down the street. 83% of the polls respondents say crime has gotten worse in san francisco. 45% say they are likely to move out of the city in the next few years the overall takeaway. is that people want laws and policies that are already in place to be enforced the poll numbers also show bad news for district attorney. sabudin 67% of respondents say they want him recalled the chamber of commerce agrees and

so what do we mean by big tech and e-commerce? ebay, paypal, nvidia the most wounded. paypal down 8.75%, nvidia losing 6.7%. apple among the 30 biggest laggards on the nasdaq 100 down 6% as we kick off this final hour of trade. and by the way, that $3 trillion market valuation it hit back on january 3rd now gone by more than, let's see, half a billion? half a billion has been cut off. so we're at about $2.5 trillion right now. the 10-year treasury yield, look at this, it's popped back up above 3%, right now 3.06%. the dow falling more than 1200 points earlier, low of the session a lot of -- loss of 1243. we're down about 1194 right now. the eighth largest point drop in history. it has not closed down more than 1,000 points since june 20 of 2020. considering we're down 1 11,212 right now -- 12 -- 1,212 right now, we might see some buyers scoop in at the last second. we've got our traders on whether the fed just made an epic mistake by nixing bigger rate hikes. i mean,you look at shopify, it is cratering at the moment. consumer cession their getting absolutely -- discret

. >> it really is the kind of thing the commerce department should have been recognizing as a problem with the fda as well. sooner than this. >> reporter: professor would says it will take weeks before people start seeing formula on store shelves. >> right now nobody really knows how much there is in the supply chain. what you will find is some stores will have it in some stores won't for several weeks. >> and parents will have to continue to be creative when it comes to feeding their infant. >>> two men charged in the death of a young bar at a. authorities arrested two . the pair our grandfather and uncle of the 3-year-old girl who died last fall in a church in san jose. investigators believe the young girl suffocated during some sort of exorcism ritual. the girls mother was arrested in january. the same church where the alleged exorcism happened is tied to a recent kidnapping of a three-month-old. >>> san jose city leaders say they are frustrated after several accusations of misconduct involving drugs, alcohol, and sexual misconduct. the police chief laid out a plan which will requi

you have to remember we talk about the e-commerce spots. are actually your pandemic darlings, but that started to fall when we got the reopening. that's the stay-at-home and began to suffer as people got back out and started shopping back in brick-and-mortar. if you look at the e-commerce index, it actually given up about half of the peak of the pandemic gains. and of course, we talk about shoppers changing, it's not just how they shop, but what they have been shopping on. we see that consumer discretionary really getting hit. those stocks down in the past month and a big way. a key part of that is of course inflation. raises -- wages are rising. we see optional spending dwindling, it's kicking as food and fuel prices have been rising in a big way. that is a big thing we have seen in some of these retail earnings. ed: lots of big-name tech companies who stopped. they were feeling the burn of higher interest rates. the continued crisis of a war in ukraine. domestic inflation and a pandemic now well into its third year. the saarc about how th