microsoft, craig mundie. >>> and lessons learned about life, money, and patience. letters from a grandfather to his grandchildren. why nobody ever told us. "the wall street journal report" begins right now. >> here's a look at what is making news as we head into a knew week on wall street. it's the big number wall street has been waiting for, a sign of the strength or weakness of the economy. and on friday the labor department released the jobs number. in spite of the fact that the market was closed for the holiday. it was a disappointing number. the economy created just 120,000 jobs for the month of march. well below economists' forecast of 400,000. the unemployment rate was down to a three-year low of 8.2%. the lowest since january 2009. that's down from last month's 8.3% but the rate declined only because more americans stopped looking for work. the markets kicked off the holiday's shortened week on a high note but then sold midweek when the minutes from the federal reserve showed additional easing by the fed is now less likely. u.s. auto sales is speeding up fo

i spoke with microsoft eesz manager, craig mundy about the rise of the machines. >> they are powerful and smart enough to have them interact with people in a more natural way. it's going to be a big trend. in the last year, we used that to allow people to talk to tell televisions. they don't need the remote anymore. >> i want to talk about other applications. we know what's capable in the consumer market. we have seen a bit of that already. we haven't seen enough in terms of the health care industry, education, there are a lot of applications in health care, right? >> health care, we are spending quite a bit of time on. we started building two products. one was infrastructure. the other was a consumer recordkeeping system on the internet for people to have their own records. now, there's more devices hooking up to the consumer part. i think the sensing is a big player for people whether you get it from your phone or things that attract your steps. i got a new scale for christmas that sends your hydration levels and weight to your account. there's going to be a huge revolution of what