emily: elizabeth holmes. steve: yes. elizabeth holmes. she started the company with great passion.ember my partner tim saying in the first meeting, she is like steve jobs. this is long before she was wearing the black turtlenecks. i did not see what he was referring to. i even wrote it down on a piece of paper to remind myself that he said that. but it was fascinating. she had that mesmerizing zeal to revolutionize. the entire field of medicine, there were these special kinds of needles. we were the very first check. we wrote a $500,000 check before anyone else. but she has been so independent and has been going at it on her own. so i don't have the answer to your question. emily: you guys have such a tough job, because you want to invest in breakthrough technology. how do you, at the earliest stages, separate something possible from something impossible? steve: there are people walking in that door every week, every day sometimes -- but certainly not a week goes by that someone has not gotten us excited. we keep hearing about potential steve jobs and elon musk of the next generati

elizabeth holmes. i remember my partner tim saying she is like steve jobs.ad that mesmerizing zeal to revolutionize. the entire field of medicine. these special kinds of needles and things. we wrote a $500,000 check before anyone else. she has been somewhat independent. i do have the answer. emily: you want to invest in breakthrough technologies. how do you have the earliest stages separate something possible from something impossible? steve: there are people walking in every day where someone has an idea that is equally exciting and you keep hearing about the potential. you are scratching your head like do i believe, do i think this could happen? the best partnerships are where the venture investor believes almost as passionately as the entrepreneur himself. when we invested in tesla, i was absolutely committed that all vehicles will be electric. same for autonomous vehicles. i have been wrong and i will be wrong again. when it is right it is really remarkable. let's talk about the ones that are right. emily: the world of venture capital has changed a lot i

you think ♪ >> i do want to talk to you about elizabeth holmes and the situation that is unfolding?i spent a lot of time with her. i have a lot of respect for her. i have stayed out of knowing the details of it. i think health care is changing quite a bit. i think people are always going to be skeptical. >> i understand health care and what she is trying to do with it. it is hard. after 12 years, do you think should be more involved at this point? any center --into i think people want to understand the technology and the data. i get that concern. people are making life-and-death calls based on this data. they want to understand the why of why these things are happening. this is a $10 billion company. people think it is a fraud. do you think it is a fraud? >> i'm sure it is possible. she is someone who works incredibly hard. i've seen her discipline, and how much she is working. i'm not close enough to the company to know enough about the technology. everyone is excited about the potential of new technology. >> how do you want that line between protecting your trade secrets and being

we are talking to mission health dietician elizabeth holmes this morning. tell us about the common complaint, of course, is eating healthy is too expensive. but, how do we get around that and make it easier? >> i think a lot of people feel like when they are trying to eat healthy they have to do everything fresh and organic, and not that you can't, but a lot of times if you shop at your local stores or maybe a wholesale store, where you can buy things in bulk or buy it frozen because they keep longer, you can end up eating healthy food at a much lower cost. the other healthy thing with water. so, drinking up 60-ounces of water a day, so long as you don't buy your water, using a reusable water can be totally free which is one of the best things you can do to get healthier this year. >>lauren: that suppresses your appetite a little bit. >> definitely. keeping you hydrated. >>lauren: you have different meal options here for a day, correct? >> yes. >>lauren: walk us through it. >> one of the problems people make when they are trying to eat less is eating less,

what do you think about elizabeth holmes? and the situation that is unfolding. i have spent a lot of time with her. i have a lot of respect or her mission and what she is trying to do. i have stayed out of knowing the details of it. i think health care is changing quite a bit. people are always going to be skeptical. the onus is on us to be very transparent. emily: i understand what she is trying to do. it is hard. after 12 years, should it be more involved at this point? anne: i can walk into any center and i don't need a physician. i can just get my information. i think people just want to see and understand the technology and understand the data. i gets that concern. people are making life-and-death calls based on this data. they want to understand the why. emily: this is a $10 billion company. people think it is a fraud. do you think it's a fraud? do you think this is possible? anne: i'm sure it's possible. everything i know, she works incredibly hard. i have seen her discipline and how much she is working. i'm not close enough to the company to know about t

what do you think about elizabeth holmes, and the situation that is unfolding with theranos? i know elizabeth. i have spent a lot of time with her. i have a lot of respect for her mission, and what she is trying to do. but i have stayed out of knowing the details of it. i think health care is changing quite a bit. people are always going to be skeptical. it is on us to be really transparent. emily: i understand healthcare, and what she is trying to do is hard. but, after 12 years, does it seem like it should be more evolved at this point? anne: i'm hugely supportive of the idea that i can walk into any center, and i don't need a an physician. and i can just have a finger prick, and can just get my information. i think people just want to see and understand the technology and understand the data. i get the concern. people are making life-and-death calls based on this data. they want to understand the why of how these things are happening. emily: the thing is this is a $10 billion company. people think it's a fraud. do you think it's a fraud? do you think it's possible, what she

vice president joe biden, you see here, toured that same facility in newark with ceo elizabeth holmesast year. holmes is a stanford dropout and self-made billionaires. theranos makes a blood test that is supposed to reveal various types of information for the patients. however, the government says theranos is so deficient it poses an immediate danger to patients. they say the blood test does not work as advertised. >>> it's the newest target for taggers. a brand new wall covered in graffiti. this is happened at the interchange the 880 and 280 in san jose near santa clara valley medical center. people living nearby are fed up and say something has to change. >> the fence should probably be raised higher. i think that's how they're getting over. it keeps getting more full and more full. and i just think it's disgusting. >> well, graffiti includes nicknames to gang symbols. the si of san jose say this is cal trans property and problem. cal trans has not returned our calls for comment. >>> okay. jeff ranieri is with us. i met with some of the super bowl officials today. they said they wer

promised to measure all kinds of things with just a drop of blood led by a former stanford student, elizabeth holmes, seen here with the vice president. became the richest female self-made billionaire in america but there have been a lot of allegations that the technology does not work as advertised, and the latest accusations are its labs are not up to scientific snuff. the u.s. government itself now says inspections of their facility shows the laboratory is so deficient it poses a danger to patients. this comes from the service of medicare and medicaid services. they have ten days to fix the alleged problem. >>> i mentioned facebook. facebook opened its books to investors. numbers were spectacular. made record amounts of money, more than $5 billion in the quarter. that's about $65 million a day. it did so well it's pulling other company stock higher like linkedin and twitter. >>> in his conference call with reporters and analysts, mark zuckerberg shed some new light on these new icons. instead of like you can choose from reactions. you'll see these in a couple of weeks. it's better to use somethin

it is another blow for elizabeth holmes, who at one time was sort of the poster person for young tech entrepreneurs. she made billions on paper for her invention, a machine that could test a single drop of blood for dozens of ailments. first, it was alleged the invention may not return accurate results. then, a newspaper reporter revealed the company may not even use the special machine for the test. instead, relying on machines you would find in any medical labs. government inspections called into question the quality of her lab ns general. >> the obama administration will unveil new rules requiring any company to disclose how much it pays its employees by gender and ethnicity to better understand how big the pay gap is, particularly between men and women. this is another instance of the president using executive action when congress would not act. opponentses point out there are already laws against discrimination in the work place. san francisco's super bowl city opens tomorrow leaving the city with a large bill. san francisco will not be reimbursed by the nfl the same way santa cl

. >>> another blow for elizabeth holmes, for at one time was the poster person for young tech entrepreneurs making billions on paper for her invention, a machine that could test a single drop of blood for dozens of ailments. first, it was alleged that the invention may not return accurate results. then, a newspaper reporter revealed the company may not even use its own machines for the test. relying instead on machines that are found commonly in any medical lab. then, the government inspection called into question the quality of those labs in general. well, let's get a check of the news before m the bell. landon doughty is live at cnbc world headquarters with a market preview. good morning. >> hi, there, scott. happy friday. wall street looks in this friday on a positive note. futures are higher. stocks closing up. trading above $33 a barrel today. look for data this morning from manufacturing. the consumer and the first report on fourth quarter gdp which showed that the economy slowed sharply in the final three months of 2015. now, rising 126 points. the nasdaq up 39 to 4507. >> landon, ha

more problems medicare payments so more problems piling up for theranos and ceo elizabeth holmes.ve reach out for comment. back with more if we hear. >> just a couple of questions. twur "the wall street journal" hint that had this is coming, is this just about the finger brick test or their testing writ large? >> reporter: five deficiencies saying things like hematology and laboratories performing high complexly testing. the laboratory director, technical supervisor and testing personnel, but they don't give a whole lot of detail as to what is actually going wrong here so that's something we'll try to get into as well. >> i wonder if this is the point at which walgreens cuts off the relationship. i mean, when you have this kind of documentation, mike, and a history as suggested again and the reports have been published where the official in charge of bringing in and creating that relationship is no longer there. >> yeah. >> and doubts about the company persists. >> if it applies to the tests that walgreens was using theranos for. part of the "wall street journal" article said they

led by elizabeth holmes, she's been on our show before. of the silicon valley's most high profile startups. questioning the firm's technology that was supposed to use a few drops of blood rather than vials. ma they found over time, they weren't actually doing just the one prick. they were using the old school system. >> you know who weighed in on this, tobey cosco. cleveland clinic is going to be testing their own. they want to see what happens. >>> and san francisco's taxi company is filing for bankruptcy for the latest in a string of traditional cabs feeling the heat in the rise of uber and lyft. according to court paper, yellow cab cooperative, favoring challenges among them a high number of accidents related claims with a rise in claims. >> there's a new message to employees, when you go, they want you to leave your 401(k) behind. this is a big shift of what companies said in the past. it used to be, when you left the company, they wanted you to take the 401(k) with you to roll it into an ira because they didn't want to deal with the c