let's go to josh lipton with those details. josh >> so brian, we do have big news on microsoft today announcing that co-founder bill gates is going to be stepping down from the company's board of directors to focus more on his philanthropic pursuits we know he's passionate about areas like global health, education, climate change. he will continue to serve as technology adviser to ceo satya nadella. he had transitioned on a day to day role to spend time with the bill and melinda gates foundation and he had served as microsoft chairman of the board until 2014 satya nadella said microsoft will continue to benefit from bill's ongoing technical passion and advice to drive the company's products and services. it is not the only news from bill gates today, though, brian. >> he is also stepping down from berkshire's board, as well we learned that ken chenault will be leaving facebook's board to replace him there >> back to you >> big news there. josh lipton in san francisco thank you very much. bill gates has not been the ceo of micros

josh lipton is here to explain josh >> reporter: so that's right, kell el. here's how this is going to work is starting today here in the u.s. if you're 18 and over you're going to be able to download this new app from the app store or you can visit this new website that's been set up and access specific streaming tools and resources so users will be asked a series of questions about symptoms and travel and then they will receive guidance so whether they are continue to practice social distancing, whether to closely monitor symptoms and contact medical provider, even whether or not a test is recommended, apple not alone in this challenge as you just pointed out. other big tech companies certainly trying to step up and help out alphabet, you heard deirdre talk about that, morethan 1,000 volunteers from that country working with out its own screening and testing it efforts. cisco committing $225 million in the fight against the virus and facebook featuring a coronavirus information center on top of users' news feeds, coming by the way after apple ceo tim cook

. >> diandiana, thank you >>> apple chips, due to the coronavirus outbreak, josh lipton has the story hey, josh. >> wilf, out of apple supply change, let's start with foxconn, the largest supplier of apple devices. four weeks from now it expects to fully meet demand, but this is a slow period of the year, so refers want to know what happens when it picks up gene muenster said to expect similar warnings from other suppliers, too he's watching qualcomm, skyworks and micron guys, back to you. >> josh, thank you so much mike, how have the chip stocks held up? >> in the official wave they were not much worse, but i think you're starting to see more values if you look at software and semis, it seems to be bleeding away. >> they have an outside move when it's a specific china risk. the worry has shifted. >> it is at the moment, but to mike ace point, what we're seeing and what we have heard some of the clients talk about, that's where they're going to raise cash that's what you're seeing in the chip stocks. that's why you're seeing them get hit a bit. >>> hyatt, the hotel chain, pulling guid

only that they're buy iing them from that supply chain >> all right thanks very much josh lipton. >>> still ahead, the steep drops of stocks have halved 401(k) households in america. up next, a financial planner will join with how to be positioned during this time of uncertainty and why you might consider adding to equities right now. we'll be right back. we see heating breakthroughs clearing the air for billions. at emerson, when issues become inspiration, creating a better world isn't just a result, it's a responsibility. emerson. consider it solved. and sometimes, you can find yourself heading in a new direction. but when you're with fidelity, a partner who makes sure every step is clear, there's nothing to stop you from moving forward. a partner who makes sure every step is clear, at&t has connected us every day for over 100 years. and we're here for you - especially now, doing everything possible to keep you connected. through the resilience of our network and people... we can keep learning, keep sharing, keep watching, and most of all, keep together. it's the job we've always do

let's get to josh lipton with news on apple. >> we have apple making news that they have been working with the white house and fema to create this new app and website. here is how this is going to work here in the u.s. if you're 18 and older you can download the app or visit the website then you will get access to the specific screening tools and resources. you'll receive guidance on whether to continue practicing social distancing. whether to closely monitor symptoms, contact a medical provider whether or not a test is recommended. this news coming as apple made other news this week you saw tim cook take to twitter and say the company has sourced 10 million masks for the u.s. as well as millions more for some of the more hard hit areas in europe back to you. >> we appreciate that very much. let's stick with tech now and bring in the noted tech investor thanks for being here today. >> thanks for having me. >> give us your broad view i'd like to ask our market guests to give a broad view of how they see the market. it's been a historic week. our hearts goes out to the folks fighting th

. >> all right josh lipton, thank you >>> i know in my household for one with a couple kids staying home from school i'm think doing they have the right ipads and laptos to get work done, and at the same time other decisions like that being made great report thank you, josh. >>> let's stay on the topic and in northern california now talk about the challenge of leading through a pandemic for tech ceos who have been in that seat less than a decade, cara swisher joins us now good morning >> hi, how are you doing >> i'm doing fine, thanks. i hope you are as well so it strikes me that even though there's all of this technology for exchanging information over a disney thtant comes out of silicon valley and modern tech companies the place has a lot to do with interacting face to face whether the open plan offices, the roads are clogged because people are trying to get to the spaceship headquarters apple has in cupertino or google's campus where the cafeterias are normally open, how big a shock is this to the culture and operation of tech in silicon valley >> well, for digital people they're ana

josh lipton with the details josh >> so, sara, at b of a, they're still bullish on tim cook's company. in fact in a new note, they're telling clients they are adding apple to their best investment ideas list calling the company's strong balance sheet with 100 billion in net cash. app store large install base and brand value. they suggest the company's supply chain in china were an estimated 90% of the company's products were assembled, investors were worry ied about demand as well one of apple's big contact apple stocks seeing a lift in the past week those down double tigt digits for the year guys, back to you. thank you very much. down 13 or so percent. 13.5 >> we may have lost sara's connection we'll get back to her question in a moment. thanks so much for that update quick question on apple. how important with the buy backs to the outperformance in recent years? are they going to have to reduce them >> it's not likely that apple would have to reduce buybacks to the extent that others have. i think everything has been contributing to the upside, the balance sheet hob the iphone cycl

josh lipton with the numbers josh >> so, sara, micron reporting q2 eps here at 45 cents street was lookingcents. that's a beat on revenue of $4.8 billion. analysts have been looking for $4.9 billion, so beats on the top and the bottom q3, they're looking for between 55 cents, plus or minus 15 cents on revenue between $4.6 billion and $5.2 billion, roughly in line with what the street was looking for. also saying they'll commit $35 million to coronavirus support micron's ceo says that the company delivered in his words solid second-quarter results in revenue at the high end of their guidance range, despite, he says, the unfolding pandemic of course investors watched micron closely it's a big maker of memory chips and they find their way into a lot of different products. smartphones, pcs, and servers. micron has a lot of fans a billionaire investor was on cnbc and said he was adding to his positions in certain tech stocks and one name he's adding to was micron. back to you. >> josh, thanks so much for that coming up next, yum brands suspending its buyback and warning the coronavirus will sig