that's the controversial blood-testing company run by elizabeth holmes.hutting down labs and we have a new report. a court ordered yahoo. checking in on stock index futures start of the show pointing higher, now lower, dow is down 23 points, s&p futures down 3, nasdaq futures off 6. the job ice report, the key report for september due tomorrow morning. you're watching fbn:am lauren: 5:45 on the dot in new york. welcome to the show. let's get you caught up on what's happening now. millions of americans preparing for what's the most devastating hurricane hitting the east coast in more than a decade. the storm expected to reach florida late to want or early tomorrow. on the campaign trail mike pence says he thinks donald trump's vision to make america great again, that's what won the vice presidential debate against tim kaine meanwhile bernie sanders will stump for hillary clinton as she prepares for sunday's presidential debate. shares of twitter sinking after report that google would not bid for the company. reports that apple and disney are unlike to make

shutting down facilities andzv laying off 340 employees in a statement to stake holders ceo elizabeth holmesestigations into its practices. to develop what its claim the first blood test that could diagnose diseases from aç sing drop of water. >> six years in counting in the california drought battle. there -- tonight there's both good news and bad news the wateb conservation slipped for the third consecutive month in august. the good news in the bay area, among the strongest for surpassing the 20% savings goal say thanks largely to folks cutting back. southern california saying the water like beverlyshills increasing their water use compared to last year. that should not come as surprise. >>> big google search tonight. who is connor, we'll findç out next. he joins us live from new york, stay with us. >>> someone is a prowhen they go and down celebration in the clubhouse and they remain clean and untouched. >> he's e"Ñ a different jacket on right now. we don't know what happened. >> you're doing to introduce us to the man of the hour, connor, huh? >> reporter: yeah, you bet iç . i talked

what will elizabeth holmes be annual to find anybody willing to invest? that's next.surance company won't replace the full value of your totaled new car. the guy says you picked the wrong insurance plan. no, i picked the wrong insurance company. with liberty mutual new car replacement™, you won't have to worry about replacing your car because you'll get the full value back including depreciation. and if you have more than one liberty mutual policy, you qualify for a multi-policy discount, saving you money on your car and home coverage. call for a free quote today. liberty stands with you™. liberty mutual insurance. >>> elizabeth holmes announcing a dramatic change in the company's strategy. meg tirrell has the details. >> that's right. in an open letter last night, she said they have assessed their strengths and weaknesses and they have decided to close their clinical labs as well as their wellness testing centers. so as part of this, they will cut about 40% of the workforce, about 340 people. and they will focus on their mini lab p machine. this is the thing that the

elizabeth holmes says she's shutting down theranos labs, laying off hundreds of people who stuck by her as many, including "the wall street journal," said her sence is fraudulent. theranos claimed to be able to test a single drop of blood for a host of diseases. most doubt that. the federal government says the labs are badly mismanaged. homestead, we are profoundly grateful to team members many of whom have devoted years to theranos and our mission, for their commitment to our company. she quit stanford for what was a multi million company. you see her here with vice president biden. said the labs were state of the art. the government said she so badly mismanaged them, they forbid her from going inside them. they touted blood testing machines as revolutionary, later told doctors to throw out the results. holmes says the company has a new machine, the mini lab. this one she says is revolutionary. >>> we saw the debut of a software company skyrocket on the open. today, see the debut of another. we have seen two hot tech ipos that begin trading this morning. bring it to you shortly after t

theranos and the founder elizabeth holmes days after it announced it's closing hundreds of facilities and laying off workers. the suit claims holmes lied about the firm's technology. the "wall street journal" quotes a theranos spokesman as saying the lawsuit is without merit. >>> a consumer alert. samsung says that anyone who owns a galaxy note 7 phone should stop using it. turn it off completely and immediately. that includes the replacement note 7s that samsung rushed to market last month, after the original model was recalled. it was involved in more than 100 fires, and the replacements have the same problem. nbc's sam costello has more. >> reporter: the message to anyone who owns a galaxy note 7, even if it's a new replacement phone, don't use it. samsung and the consumer products safety commission telling them to return them. the problem, the new replacement phones are also catching fire. no word why. it happened on board this southwest airlines plane in louisville, kentucky, last week. ryan green says his phone suddenly got very hot and started smoking. >> it was the brown, gree

they notified their investors that it's suing palo alto's company and its founder, elizabeth holm. just days after it announced it's laying off hundreds of workers. the hedgefund's lawsuit claims holmes lies about her company's technology and calls that securities fraud. the fund had invested nearly 100 million dollars >>> tesla wants to sell a lot more cars and to do that it needs to grow in a big way. a prommase of thousands of new jobs and thousands of more affordable cars. our business and tech reporter is live outside the tesla factory in fremont with a first look at those plans. scott. >> reporter: well, good evening, junel, tesla already employs thousands of people here in fremont. they now want to grow, hire more people and sell more cars. but they say costs have to come way down first. we see teslas all over the bay area but at six figures each, the electric cars are still a niche buy. but they plan to double the size of their fremont plant and add more than 3,000 new jobs to ramp up the number of electric cars it can build. that opening of an auto parts maker, fremont's m

the stakeholder, elizabeth holmes says the company will focus on rebuilding after several investigations into its practices. therenos claimed the first blood test that could diagnose diseases from a single drop of blood. >> the old northern/southern california rivalry applies to water conservation. and yes, we are beating l.a. new conservation numbers are in. and the bay area continues to save quite a bit of water. people still trying to keep it in check. >> it turns out the bay area is among the strongest when it comes to water conservation, ahead of just about every other region in the state. let's start with the good news. >> our conservation levels are really good. >> the latest survey shows the bay area is doing very well southern california not as strong. >> we saw almost 18% savings statewide. it's good, it's not eye popping good, it's not jaw dropping bad. it's good, it's not where we were last year. >> the bay is doing better. water conservation goals recently set at 20% have been surpassed. >> our community has actually really stepped up and year to date from january to the end

elizabeth holmes. "power lunch" starts right now. >> twitter may be your big stock story, but there's more going on. the stock slightly in the red. s&p 500 now positive, gold falling again. there you go. the biggest dow loser is the stock at the halftime crew just talked ant. american express, the negative call. hitting axp. oil throw making a big rebound. now trading about $50 a barrel. we will hit your oil close. >> thank you very much. here is the latest on the big hurricane matthew. at this hour. the category 4 storm currently centered about 180 miles off the coast of west palm beach, florida. maximum speed sustained winds, 140 miles per hour. gusts about 165. florida's governor, rick scott, declaring a state of emergency as the storm baears down and 250 members of the florida national guard have been deployed to assist in hurricane prep rations. now footage in from haiti showing the devastation hurricane matthew caused there. high winds, major flooding, knocking down houses. setting off the worst

theranos's ceo elizabeth holmes says the company will return its undivided attention to their minilab platform. as you of august 1, the redwood city company employed 790 people as of august 1. earlier this year, a "wall street journal" investigation found the company was not testing blood the way it had advertised. federal regulators banned theranos from operating blood testing labs in the aftermath of the investigation. >>> campaign 2016. new ads supporting legalization of marijuana is hitting the airways. a poll shows prop 64 passing but 6% are still undecided. a big chunk of those voters are parents. kpix 5's melissa caen shows us the new ads go right after those concerned parents. what do they show? >> well, neither one of the ads shows actual marijuana. the yes on 64 campaign says people in california generally agree that marijuana should be legal. these ads are about the specifics of prop 64. in 2010, california voters rejected a marijuana legalization effort. prop 19. at the time, poll watcher nate silver determined that one big reason for the loss was parents. he wrote in the

site filed against san francisco-based hedge fund notified it will sue theranos and founder elizabeth holmes the startup announced it's closing facilities and laying off hundreds of workers. the hedge fund lawsuit claims holmes lied about her company's technology. the fund head invested nearly $100 million. a theranos spokesman is saying the lawsuit is without merit. >> happening today, the u.s. supreme court will hear arguments over how much money samsung should pay apple for copying the iphone's distinct look. this has been in court for five years. samsung paid apple just over $548 million last year. samsung is arguing it shouldn't have to pay the rest because the things samsung copied like rounded corners don't add a lot of value to the phone itself. the ruling is due by the end of june. >> it's been a rough couple weeks for samsung. yesterday the company announced it's stopping all production of its popular galaxy note 7. this comes after the replacement phones that were supposed to be safe caught fire, too. federal investigators looking into whether those replacement phones may be just

elizabeth holmes. starts right now. >> twitter may be your big stock story, but there's more going on. the stock slightly in the red. s&p

the news was released by shareholder elizabeth holmes. they will cut more than 40% of its overall workforce. the move comes just months after a series of investigative reports by "the wall street journal" that question whether worked, an affordable blood test that claimed to diagnose diseases from a single dose of blood. a federal investigation is under way. the company denies any wrongdoing. >>> here's an unusual way to get your teammate open on the basketball court. los angeles clippers jamal crawford lost his sneaker during a preseason game last night so blake griffin scooped it up and joseph right in the face but everybody was a good sport about it and laughed it up. >> you need double knots. tie double knots. >>> up next, should stores be open on holidays like thanksgiving? the major mall that's taking an unexpected stand on that question. >> we've got a special guest stopping by for "trending." yes. it's seth myers in the morning. put some distance between you and temptation with meta appetite control. clinically proven to help redu

the news was revealed in a public letter to shareholders by elizabeth holmes. therons will cut 340 employee, more than 40% overall workforce. the move comes just?b? months ar investigative reports by the "wall street journal" that questioned whether the company's technology really worked. and affordable blood test that claimed to diagne therons disputed the journal's claims. a federal investigation is under way. the company denies any wrong doing. >>> here's an unusual way to get your teammate open on the basketball court. look at this. los angeles clippers jamal crawford lost his sneaker during preseason game last night. so fellow player scooped it up and tossed it around the court but it hit joseph right in the it and laughed it up. >> you need double knots. >> double knots. >>> up next, should >>> up next, should stores be open on holidays like thanksgiving? the major mall than taking an unexpected stand on that put some distance between you and temptation with meta appetite control. clinically proven to help reduce hunger between meals. new, from metamucil,

elizabeth holmes says the company will focus instead on new technology.blood on site. the move comes a year after holmes was banned from operating blood testing labs. >>> and time for a final word from our special guest glenn hutchins. if you were on the board of theranos, what would you do? >> i would have done a lot of due diligence before i joined the board. i mean, you guys talked about it in the opening of your show today. you suggested that there might be no there there. and i think the directors suggest that the directors of this company should have spent some time figuring that out. >> one question for you. you're on the board of at&t. you saw the yahoo news. a lot of things going on today and just generally around security and also what the government may be asking telecom and technology companies to do or not to do. what to the extent we have 30 seconds. what's the right answer here? >> well, look, in 30 seconds i would say let's not lose sight of the fact that the mobile internet is the biggest investment in commercial opportunity of our lifeti

theranos founder elizabeth holmes is going to shut down company's lab in arizona, slash 140 jobs in arizona and pennsylvania. well, samsung is sending a crude to look at aphone that started smoking on board a southwest airlines flight forcing everyone to evacuate. the flight's captain reported smoke in the cabin why they were getting ready to push back in kentucky. they were about to take off for baltimore. device is reportedly a replacement galaxy note 7. that should have had battery defect prepared. two full aisles were charred. we are looking at twitter this morning. the stock is slumping in the premarket. down 10% right now, maria. there's a report from reco that google is not going to move forward as shares fell 9% yesterday and apple and disney are both abandoning potential bid for twitter. sales force still reportedly in the running to buy twitter but it's reporting badly in the market. maria: everyone was interested and now nobody is interested. >> she's got very good sources. maria: she put it out there that google was interested and google said, we are walking away. what a new imf

from eleanor holmes norton, as well as tonight, we have the absolute honor to have been individual, whom if it was not for her we would not be here today. that is former secretary elizabeth dole. [applause] barry: today we are also honored to have the former deputy secretary and board and formern picardi secretary jim burnley. [applause] barry: this remarkable preservation effort we see today is just the beginning. in the coming years, travelers and visitors will see the creation of a premier, world-class travel experience seen throughout the modernization of the amtrak train concourse on the south of the project. doubling in its size, creating faster connection to all modes of transportation. the addition of natural light along with several new amenities. the upgrade in modernization of the train sets. and the retail mezzanine will be transformed to allow travelers and visitors to experience the beauty and grandeur of the magnificent salience -- ceiling s, by way of scaling back the existing structures and the introduction of new lighting technologies. today, we see the ceiling going through its own restoration. the metro level food hall will be going to a wonderful upg