they have a major change in name, meta-paired -- meta.zon and apple are taking the cake because they both missed earnings. the supply chain cost and labor shortages are going to contact them. only ipad revenue was up. both of the stocks are under pressure. let's go to big tech in canada. shopify reported earnings today and missed estimates. it's up to 7% on the day. analysts say it's because they have major long-term potential. not only is shopify higher on the day, it's higher on the year. outperforming the canadian benchmark which is the largest member of. it's also outperforming apple, amazon, facebook, and s&p 500. emily: i want to stick with shopify. joining us is the present. -- president. >> we are in this new normal post-pandemic. i don't think there's anything average about what shopify and merchants are building. as things begin to settle into the post-pandemic trend, our shops are growing at an extraordinary speed. it took 15 years for our merchants to get to $200 billion. when you look at revenue, we hit 1.1 billion dollars in

the question is, how long does the transition take, and how long until meta makes money on the meta-verseat a mouthful. emily: and how long to call facebook meta? it would take a long time to get used to it. thank you. it is all about the social network rebranding and expanding ambitions to the meta-verse. >> starting with the most important experience of all, connecting with people. emily: the social media giant announcing its new name after days of speculation. the company is in the middle of scrutiny over safety and content issues. will the new name and focus change its reputation? i'm going to start with the dean of global business at tufts university. thank you for joining us. what are the odds that meta can make a monster pivot to a totally new business and change its reputation? >> odds are low. that is my bottom line, but that it will make a monster pivot. it has made a pivot in terms of changing the name, and i heard that big sigh from ed. there is a collective sigh that several of us are releasing as we hear this, and a sigh and i role as to -- eyeroll is to the wisdom of this r

and so the meta-naming is a nod to this meta-verse vision that facebook sees it becoming. also, meta, it has a greek meaning, and zuckerberg said he's a fan of the classics and he's long studied roman and greek empires, so he liked that that had a plate, as -- play, as well. kristen: as i understand this umbrella, meta umbrella will have instagram and oculus, which i guess is getting rid of its name, right? oculus is going away as a name? >> that's right. they are sunsetting the oculus brand. everything is turning into meta-. if you go to facebook's corporate website, you will no longer see the facebook logo. you will see the meta-logo, sort of an infinity sign, slightly imperfect circles. they're going full force on the rebrand for every single one of facebook's products except for facebook itself. kristen: ok, how does oculus, the whole ar, vr product, play a major role in this is operable -- zuckerberg vision, where you live, work, play in this 3d world? explain that to us. >> so i think the way we largely use facebook on the computer or on our phones today, how mark zu

coming up, meta.anged its name after a live virtual presentation about the metaverse and how they are working on it. we will have the latest. and more from the apple earnings call. ceo tim cook has been talking about how the supply chain crunch has been affecting business. take a listen. this is bloomberg. >> for this quarter, we think that the primary cause of the supply chain-related shortages will be that ship shortage. it will affect, it is affecting, i should say, pretty much most of our products currently. ♪ efficiently get back to facebook name change. ed ludlow with the new sign right over his shoulder. [laughter] ed, what has been the reaction to mark zuckerberg big reveal? ed: it took seconds for them to reveal the new logo after zuckerberg made the announcement. hundreds of employees have come out to take selfies. you have to remember, the groundwork has been laid over several quarters, they have been ramping up their investment in facebook's labs. they made this big announcement in earning

meta, as in meta verse. this is what mark zuckerberg visualized. instagram and snapchat will remain the same. unveiled today. even a new stock symbol, mvs, m. >> facebook is one of the most used products in the world. it is an iconic social media. but increasingly, it just doesn't encompass everything we do. instagram, whatsapp, verizon, quest. building social media apps will always be a focus for us. but right now our brand is so tightly linked to one product that it can't possibly represent everything we're doing today let alone in the future. >> there it is, the big boss himself. where does the word meta come from? the dictionary definition, basically occurring later than, change or concentration. google made a similar move. it restructured and created a parent company called alphabet. at the time google said the move was to separate its core business from its more experimental companies like waymo. what are you thinking here? the timing of all this is interesting, and actually a little curious. we know facebook is going through that pr crisis a

meta feels like a not inappropriate name. i'm not sure if meta-versus the right brand, given its association with the soviets and science-fiction literature. i had a conversation with some friends about the logo associated with it, depending on how you look at it looks like an amorphous and amalgamation videogame controller, oculus headset, the m and an infinity logo. from their perspective this makes it a positive rebrand. something that adds value to the identity and institution, not just a redirection in a shift away from facebook. host: our next caller is on the independent line in california. caller: good morning. chris, i was wondering, should facebook be liable for the murders in the crime that took place on facebook live? and one thing that i see, it looks like a reboot from ready player one with the avatar situation. guest: i'm a big ready player one fan as well as a number -- as well as another -- number of other books. i don't think we can uncritically look at the future of technology. we are shifting to more compl

we want to do our part in building the meta-verse. but no one company will own the meta-verse.ke the internet. francine: what is the next step for the meta-verse? it is difficult to do scribe it especially if you are not familiar with it because we don't have it yet. i don't know if it means that facebook will have to look at other ways of digitizing, monetizing and the hardware that goes with it. nicola: there are a number of different things. from the monetization side, we start with the people first like everything. just like the rest of the internet, there will be a lot of free things in the meta-verse but there will also be paid experiences. i did a session recently where i took a number of our partners and we had a meeting on the moon. i never bought i would say that to you. it was interesting. there were 20 of us. we were on the moon. we took cell fees with our avatars with the earth in the background. you and i like doing this 2-d, but it is a lot of fun peering -- it is a lot of fun. francine: when you look at the fact that you are doing these 10,000 positions in europ

the meta meta comes from — crypto currency. the meta meta comes from dystopian - crypto currency.opian science l comes from dystopian science fiction was coded in neal stephenson and's books no crush and has appeared in other classics. we see this science—fiction dystopia as a utopian future and it is a bit on the nose in some ways and the idea of the meta universe as we have online worlds but it's the world of fortnight and roadblocks where you have a currency in the game and you can buy things and developers can buy things and developers can build experiences and the matter verse theoretically woodbridge the different online worlds and there will be one giant online world where they work together but that is the theory. work together but that is the theo . ~ , ., ~ i. theory. we will see, thank you very much _ theory. we will see, thank you very much for— theory. we will see, thank you very much for telling _ theory. we will see, thank you very much for telling us - theory. we will see, thank you very much for telling us all- very much for telling us all about it. japan goes to

, the meta _ that and then you have meta, the meta verse in that as a whole new direction — meta verseand yet that i hope people out there who are more _ yet that i hope people out there who are more tech savvy know about this. but obviously the big thing here is about— but obviously the big thing here is about this — but obviously the big thing here is about this rebranding of facebook. it about this rebranding of facebook. it has _ about this rebranding of facebook. it has suffered an awful lot of negative _ it has suffered an awful lot of negative headlines, not least because _ negative headlines, not least because of a whistle—blower he recently — because of a whistle—blower he recently shone a light on how algorithms are used and the kind of content _ algorithms are used and the kind of content people are being sort of served _ content people are being sort of served up— content people are being sort of served up and also there has been some _ served up and also there has been some of— served up and also there has been some of the discussions about how to regulate _ some of the di

help meta will define it. still to come, _ much. ? help meta will define it.restored to l it. still to come, restored to their former _ it. still to come, restored to their former glory, - it. still to come, restored to their former glory, the - their former glory, the intricate theirformer glory, the intricate mosaics ofjericho intricate mosaics of jericho that intricate mosaics ofjericho that are more than 1,000 years old. indira gandhi, ruler of the world's largest democracy, died today. only yesterday, she had spoken of dying in the service of her country and said, "i would be proud of it. "every drop of my blood will contribute to the growth of this nation." after 46 years of unhappiness, these two countries have concluded a chapter of history. no more 5u5picion, no more fear, no more uncertainty of what each day might bring. booster ignition and lift off. of discovery with a crew of six a5tronaut heroes and one american legend. - john sure was right. this is beautiful. a milestone in human history. born today, this girl in india is the seven billionth pe

we should rename it meta bell.

facebook, or meta, users notice a change? facebook, or meta. reflects _ users notice a change?notice a change? facebook, or meta, reflects their ambition - users notice a change? facebook, or meta, reflects their ambition to - users notice a change? facebook, or meta, reflects their ambition to be l meta, reflects their ambition to be a a verse company. the meta verse has been described an intranet you are inside off rather than look at. it's not the first company to do this. google created a parent company called alphabet a couple of years ago but the name change comes after a turbulent few weeks for the social media giant as a result of damaging revelations made by a whistle—blower. she has accused the company of unquestionably making hate worse. facebook says it's invested $13 billion in online safety measures. for users it's not really going to make a difference. all of the platform is the company owns, facebook, instagram, oculus, they still exist and they are still going to keep their names. facebook is one of the biggest and most recognisable brands in the world. is a na

plus -- >>> what in the world is a meta- verse, and what is this new corporate symbol?ing to talk about the meta-verse. >> facebook is rebranding itself, but is that enough to win back public trust? >> taking the dangers of social media and putting them on steroids at some point. >>> we go live to pleasant hill for a rally backing in-n-out , and their stance over vaccine checks. >>> still ahead here at 5:00 -- >> after a difficult year in 2020 because of cobit, the winchester mystery house is coming back strong this halloween with spooky surprises. how this san jose icon is surviving in its ever-changing environment. shoot. what's wrong? i think i'm down to my last inhaler. don't worry. you can refill it and get it delivered using the kaiser permanente app. smart. refill most prescriptions online and get delivery for no cost. emergency planning for kids. we can't predict when an emergency will happen. so that's why it's important to make a plan with your parents. here are a few tips to stay safe. know how to get in touch with your family. write down phone numbers for yo

meta-verse?the meta-verse going to be good for society or is it going to be saddled with the same controversies facebook itself is? kurt: it is hard to imagine it will not be saddled with a lot of the same issues. these will have the same content related issues, the same privacy related issues you currently have with the internet, and perhaps more so because it will be more immersive than what we are doing today. what is this, it's still being worked out. my understanding is the vision is not just an internet that you look at in 2d from your phone screen or computer screen, but one you interact with in 3d via ar goggles or glasses, something you step into versus observe through a screen. that is their vision. a big challenge is, are other companies going to buy into this? it only works if you can go into the meta-verse and use spotify, apple, netflix. if all those companies don't play into this vision facebook has, i don't think the meta-verse is a compelling use case regardless of how secure it

we are expecting hardware developments out of meta-verse as well. a watch to compete against the apple watch in store. >> it is going to take time to get used to the word meta. we have been calling it facebook for how long now? facebook was introduced -- oh my gosh. it was a very long time ago when i first made a facebook page. over a decade ago or so. i mean, we have seen tech valuations stretched. you talk about the selloff we are seeing. this is after they were safe haven darlings during the pandemic. it will be interesting to see where we go from here as we start to see more reopening's. more details now on the two big tech earnings reports. causing shares to tumble after hours. both apple and amazon falling as much as 5% after revenue and outlook disappointing. su keenan joins us with the latest. both companies say supply chain constrains were an issue. >> tim cook saying it past $6 billion in the quarter that just ended and its impact will be much larger in the current quarter. stocks are down as much as 5%. they have paired the losses. -- par

. >> reporter: meta short for the diverse, said to be the next evolution of the internet. a mobile technology platform where users are immersed in virtual homes, workspaces, and teleported to immersive gatherings. did we mention it was immersive? >> you can present it as if you are right there with the team. >> reporter: mark zuckerberg talked about holograms, virtual reality, digital marketplace, video games, and privacy and safety. >> privacy and safety needs to be billed into the meta-verse from day one. >> reporter: we are going to approach this with humility and openness, and we are going to work with anyone whose efforts will help bring the meta-verse to life. >> they have not moved forward with humility on their basic product, on their basic platform. >> reporter: don hyder is the executive director for applied ethics at santa clara university. even though the company has hired him as consultants to he didn't mince words. >> did we trust them not to emotionally manipulate us? the answer is at this point, no , because they don't have a good track record in this area.

facebook is rebranding and changing its name to meta, short for meta-verse. the company says it's names of its social networks like facebook and instagram will stay the same. >> everyone who is building for the meta-verse should be focused on building responsibly from the beginning muscle we are going to approach this with humility and openness, and we are going to work with anyone whose efforts will help bring the meta-verse to life. >> the meta-verse is an immersive new technology platform where users will be able to interact in virtual homes, workspaces, and play areas, and teleport to immersive gatherings. >> spare as this been today. we have no interest in it. >> that is how the silicon valley congressman doug with ceos from oil companies as they took the hot seat on capitol hill today. lawmakers are probing whether big oil led a disinformation effort to prevent action to slow global warming. the executives rejected those claims, saying they are taking steps to curb the industries impact. >>> president biden is in europe this evening to meet with world l

what i saw today, i watched meta's meta verse video reminds me why i created the fang basic c acronym to begin with. facebook change its name is no different from when google transformed to alphabet. i think it made sense. alphabet is more than just a search company they branched out into the cloud. name change was way to draw attention to the rest of the businesses facebook, now meta, i think zuckerburg came to the conclusion it's too small. it's something like science fiction. the idea is when you step into the met verse, you can be anyone you want anywhere you want you can learn things like sitting in an actual classroom you can be tell ported to mars i think if meta vision gets mass appeal don't get me started on gaming i'm glad i don't play games but i would this would consume my entire life. i would never be able to leave unless it's grand theft auto he sketched it out years ago i was blown away when he did he was talking about being able to create all these characters around me. i really surround myself with beethovan and mozart there's many reasons why i call him leona drrks o

it is just so meta. they are changing their ticker to mvrs. tom: it's not meta, huh?y: and not meta materials, the canadian materials company that was up 32% after hours yesterday. lisa: what is your view on what it should be if it is not faang? maang? tom: i think it's got to be gaama. right now, she's distracted with a small football game this weekend. the pope will be watching michigan state and michigan. emily wilkins, on radio, she is lovely as a member of the michigan state community, and she joins us this morning. what does the president come back to? emily: the president comes back to a congress that a somewhat closer to passing his agenda, but really still has a long way to go. president biden showed up in congress to talk to lawmakers about his latest framework proposal, a one point seven $5 trillion package. that does include some things -- $1.75 trillion package. that does include some things democrats wanted, expanded medicare for dental and vision, but biden came to congress yesterday and said, can you guys go ahead and pass that bipartisan info structur

the famous sign replaced with meta. the announcement made during a virtual event hosted on the company's facebook page. >> our mission remains the same. still about bringing people together. our apps and their brands, they're not changing either. and we are still the company that designs technology around people. >> reporter: facebook, whatsapp and instagram won't have name changes, but the overall company that owns them is now meta. google made a similar move with alphabet in 2015. >> it is time for us to adopt a new company brand to encompass everything that we do. >> reporter: in moving forward into the metaverse, a virtual reality experience mark zuckerberg expects to become part of our daily life in the future. >> hey, mark. >> what's going on? >> reporter: an investor in this space says the idea isn't all that new. >> if you think about it in general, we've been in a, you know, quasi metaverse for a decade now, right? think how much time you spend glued on your phone, on instagram. >> reporter: the announcement ha

they're creating this new parent company called meta.st on everyone that facebook as a company, now meta, has been under scrutiny for weeks from the media and lawmakers over a variety of practices they have within the company. >> you have to wonder, and i wonder what your reporting shows here, is this part of that sort of difficult brand -- frankly you can call it a public relations crisis that facebook has been having, right? make facebook the name itself just the blue app, as you describe it, and use meta to describe the whole family, the whole company, if you will. >> i think that's certainly a side benefit if it's not exactly the main reason they're doing this. mark zuckerberg can now say he is the ceo of meta, and people who consider the name facebook to be a really toxic idea, the whole delete facebook movement, if you want to call it that, that people are going to take -- it's going to take a while for people to realize what meta is and for there to be any kind of delete meta movement. so, there's certainly -- the name change is g

. >>> a lot of people googling the word "meta." facebook is now meta, sort of. meta is the new corporate name, as in metaverse. today mark zuckerberg walked us through his metaverse. he said while facebook, whatsapp and instagram will keep their individual names, the overall company will be meta, with a new logo and new stock symbol, mvrs, as in metaverse. >> i am proud to announce that starting today our company is now meta. >> given some of the other types of headlines and reputational things that have been out in the news about facebook, i would say that the timing is certainly interesting. >> basically just going beyond borders here, the whole new world for facebook. the important thing to know about all of this is if you go onto facebook or instagram or whatsapp, you're not likely to notice any changes, but expect debate over what this means over growing controversy the company faces. coming up we are talking about what's behind this name change. is this a pr move in terms of the pr crisis facebook faces and will anything really change when it comes to face

there is an appetite in washington to do something about meta? >> i don't know about meta.is nor cross-suit any. everyone from josh hawley and the rights, many democrats will say they don't work with why den and things like this. >> donald trump is more traditional and amy klobachar in the senate. but certainly a sense for a long time that facebook was good. any tech companies were good and these were better corporations that democrats could work with. thastz completely gone. there is more of an about constitute to go after these companies, look at their practices and you are even seeing that from the biden administration which is made antitrust and things like that, a center piece of is work. >> jeff, where do you come down on what congress should do when big tech company like facebook, do you believe that congress should have ag ber role in trying to asparagus. >> i am against the idea of monoapologizing and corporate equal sanitations in the general. >> you brought up before, facebook and since gram. whastz up? >> it's hard to interact online wsdot going through facebook

we expect to hear mostly about meta-verse on the call. that is going to be a big initiative. we already know that. sonali: let's talk about the meta-verse a little longer. what is the longer-term plan for that? is it going to be a major cash burn? i'm stealing a note from caroline. is it something they should look to spin off? >> we are really early for that. thinking about spinning it off. we are starting to break out of the business now. i think this is a big vision for mark. i would not expect that to be spun off. i would expect it to be toward facebook in the coming years. it will be a cash burn. certainly in the first couple years. it is not going to be a big revenue driver. does at a level revenue attached to it right now. it is now going to be a huge revenue driver. there is a lot of cost associated with it. this is mark zuckerberg step the future. you can expect him to go all into it. caroline: let's talk about users and where you see growth or lack thereof. we are digging into some of the slides on the investor website. pretty stable in the u.s. and canada. 196 milli

i had a name change to meta. they will start changing -- trading under the new tech or -- ticker december 1. take a look at these two companies. senior pbo fist -- pboc official said workers are engaged in illegal financial activity. we are seeing the downside pressure right there. double digit losses for those two companies. the bond markets are stealing the show because we are talking about the treasury yield curve inverting for the first time at the long and the 20 year yield topping the 30 year yield. we are seeing broad moves and -- and government bonds locally. now, this move in the treasury market for the first time since the government reintroduced the two decade maturity last year. haidi: the bond market revolve in this part of the world continues. backed into a corner by what traders are betting on as a more aggressive regime of tightening. this is what we are seeing when it comes to the 10-year this morning. this after we saw u.s. treasuries sold overnight. we are getting this situation where the lack

. >> reporter: facebook, instagram will still keep the names with whatsapp but meta will reflect any technology platform called the meta-verse thatthpo have user acescreated by other users and you will have an avatar you can dress up and change the look of or stay inside your digital home and go to work, socialize, buy and sell goods, it is virtual reality essentially. >> in the next five or 10 years, a lot of this will be mainstream. and a lot of us will be creating and inhabiting worlds that are just as detailed and convincing as this one on a daily basis. >> the question we need to ask ourselves is who will be good stewards of this eventual future. that is where facebook really has a lot of proving to do. it is not just building it, they have shown that they can build at least some of it. but can we trust them to run it? that is the key question. >> reporter: that was cnet who says the company has done a lot of talking and that was the time to show that they can do better with privacy, harassment, disinformation, and hate speech as their corporate structure will not change in mark

meta confusing?ebook' is good -- facebook's new name is good news for one. ♪ >> it is time for the bloomberg business flash. coca-cola is close to buying and controlling stake in body armor. they have learned that a deal would value body armor at $8 billion. in 2018 coke acquired a minority stake in the company. power aid is a competitor to gatorade. rising in his trading debut in stockholm after raising in an ipo. investors are buying into the promise of an electric future. the u.s. and taiwan are working together to secure semiconductor supply chains according to the u.s. envoy to taipei. last month the u.s. called to handle information available on the trip shortage, however that's faced resistance and taiwan and south korea, concerned about a possible leak of trade secrets. francine? francine: time for etf friday and facebook's plan to become meta that left a mark on etf, proposed new name, and ticker symbol. here is dave wilson. i'm sure that they are delighted. dave: and why not? we are talking

this is about the company's goals beyond social media to focus on the meta verse.berg saying as ceo of the company also not changing criticism, scrutiny and the negative headlines all piling onto the tech giant. leaked internal documents from a whistle-blower indicated the company in what she called putting profits over safety. document after document revealing concerns about the company's algorithm, the spread of misinformation and facebook's inability to curtail these issues so the timing of this name change is convenient to say the least. joining us now is casey newton, founder and editor of the platform and contributing editor you called it on this show last week you said they were leaning towards meta so again what is the metaverse and what are zuckerberg's ambitions here >> well, the meta verse is complicated in a lot of ways i think at its simplest level zuckerberg likes to call it an embodied internet. it's basically something you can do with some kind of goggles strapped on your face. there's going to be a series of connected experiences. and zuckerberg sp

>> i don't know about meta.that, yes, it's connected to facebook and there's more scrutiny on facebook and you're seeing this across the aisle, you know, everyone from hawley on the right, who many democrats will say they won't work with, even if they agree with him on things like this, to, you know, democrats more traditional david cisillini in the house and amy klobuchar in the senate. there was a sense that facebook was good and these tech companies were good and these were better corporations that democrats could work with. i think that is now completely gone and there is more of appetite to go after these companies, look at their practices and you're even seeing that from the biden administration, which has made anti-trust and things like that a centerpiece of its work. >> josh, where do you come down with what congress should do with big tech companies, certainly like facebook? do you believe congress should have a bigger role in trying to regulate facebook, how do you see the role of congress in all of th

ask your doctor about once-monthly cabenuva. >>> meta. >> meta. >> meta. >> meta.stle blowing, maybe it worked. the name change did get a lot of people talking this week. so let's talk about it, and also the bigger story with kara swisher. of course she's the host of the "sway" podcast for "the new york times" and she knows everyone in brig big tech. they love or hate her or fear her or all of the above. >> good to see you, brian. >> do they actually love this? >> it's not the point, it's analog and physical. yes, it's matters. it's computing and where people are going next. and there will be a future ar and dr in future computing, the way mobile led to apps. there's an idea with metaverse where you interact with people around the globe. it's not so different than holograms and things like that. his is a little creepy, honestly, but it's fine. it's been in movies. it goes back to "snow crash" but it's where way before that. there's been all of these ideas how to create this from the '60s and even before that in early sci-fi movies like "the matrix." you can imagine

hernÁndez: “primero, define tu meta. segundo, reconoce quÉ tan lejos estÁs de tu meta”.rnÁndez regresÓ a trabajar la tierra junto a su padre. ahora es dueÑo y patrÓn y juntos estÁn produciendo su propio vino. salvador: tengo 84 aÑos. gonzÁlez: ¿cuÁnto en el campo? salvador: en el campo, toda mi vida. nomÁs que antes trabajaba con otras personas. gonzÁlez: no con su hijo directamente. salvador: no. gonzÁlez: ¿de quÉ se encarga usted? ¿quÉ es lo que hace? salvador: vengo yo aquÍ a andar con ellos, viendo que hagan bien el trabajo. mientras mÁs bien estÉn ellos, mÁs ganan ellos tambiÉn y nosotros tambiÉn. gonzÁlez: en familia producen vinos que por ahora venden en lÍnea. Él dice que tÚ eres su patrÓn. hernÁndez: no, para nada. gonzÁlez: incluso que le pagas. hernÁndez: para nada. para nada. no, no, el patrÓn es Él. y merece su lugar. gonzÁlez: ¿te enternece hablar de tu padre? ¿te enternece saber que este fue el hombre que te llevÓ a donde estÁs hoy en dÍa, incluso te llevÓ al espacio? hernÁndez: exacto. me dio el estudio para poder reÍr. gonzÁlez: ¿te conmueve hablar de tu

lucid, zendesk and drop the facebook will the move to meta be enough for world peace, carl? >> we'll start with apple and amazon this morning. of course, both stocks lower amazon with its first earnings miss since the beginning of the pandemic and apple earnings in line first time it hasn't beat since 2016 and, of course, sales did miss supply chain was the main drag on both. manufacturing disruptions impacted sales by $6 billion but the demand, they say, is still there. amazon a 20% plus drop in growth says the company will take on several billion dollars of extra costs in q4 due to labor shortages and supply chain constraints. you can see the pressure on both names taking out more than $1 billion on market cap between them, john but the bullish rate at least on amazon today will come from the likes of morgan stanley and they're pulling out all the stops they argue to make holiday work and that sense of reliability, they think, will have implications not just on competitors for holiday, but how consumers view amazon in the quarters that come after that. >> it makes perspect

the other thing is, meta is an actual word.ll be annoying for people that actually use the word and it now refers to facebook. i will suspect that people will still call facebook facebook. laura: metta or facebook announcing any changes to its policies or -- to its algorithms or is it just a new name? >>is basically cosmetic. if fractures facebook. it segments the social media apps into one department, the oculus, that is vr and the idea of the meta-versthat is a space where you can be your friends and buy things on lines -- has not been built out yet and is what mark zuckerberg is interested in. there is a sial media bit and the virtual-reality bit. he is interested in the meta-verse bits of the company. laura: thank you. the world health organization has appealed for $23 billion of the next year to address the unequal global response to the pandemic. the money would prevent at least 5 million deaths from covid. they called on the g20 leaders to finance the program. police have arrested three kashmiri students for celebrating

who is meta?ok. matter of fact, i think i'm speaking too much because i don't want to get banned on instagram or facebook. >> they might be listening. >> they might be. i think i need to fall back. >> number one, the only thing that listens more than the streets is the algorithm. >> that's true. [ laughter ] >> number two, since you mentioned branding. >> yes. >> do you think that the people, a lot of people that use facebook, which is really a wide age range will be okay with this or fooled by it or do you think this is them trying to be too cute with it? >> it's edgy. like, we -- facebook is, what, 15 years in so far, give or take? people are used to what they are used to. it will be facebook whether you change it, flip it or reverse it. it will be facebook no matter what. >> barbara? >> i don't care. i had to look up meta. he's moving ahead. he's getting better, reaching the pinnacle of what it is. that's what meta is. >> yeah. >> mea is a name for facebook? >> it's a corporate name rebrand to

coming up facebook becoming meta.uckerberg announcing a new company name as he show cases his vision for a virtual world. everything that you need to know coming up. challenging nike and lebron james to visit a force camp. our final stars of insta stars week. we will introduce you to two dads that will make your next camping tip nice and cozy, they have a portable bond maria. you're watching mornings with maria live on fox business. we will be right back. cheryl: facebook is going in in on the meta verse and changing the ticker symbol to the stock to mvrs. meta a politicsed reality platform that allows to connect in virtual world. zuckerberg says the company's leadership will stay the same. apps and facebook and instagram will not change. companies like wendy's trolled meta, quote, nice to meet you. meat and big news, lol, jk still twitter. they are going stay twitter. some are wonder if the rebranding is an obvious attempt to distract from the controversies that facebook has been dealing with and jamesly take back to

will replace mobile devices zuckerberg is announcing the expansion of facebook's meta version, it'sizon platform, into three new areas build out social interactions on vr so introducing horizon home where people can interact with their friends as embodied by their avatars. watch videos, play games together they also announced that messenger calling is going to be coming to this vr world later this year. now, there are two other key areas. one is fitness they're going to have new fitness offerings on oculus and new accessories for that quest headset when you're doing exercise also moving into work, introducing work accounts for quest vr devices and bringing slack and dropbox into vr as 2-d panels they'll also be talking today about how they're working towards what they call fully featured ar glasses. really augmented reality glasses. the next generation of those raybans they launched a month ago to collect photos and videos so as you see this right now, this is video that zuckerberg is showing to try to give people a sense of what being in this vr world, this interactive meta verse w

for facebook, meta, virtual-reality, facebook will officially be called meta -platform.bout the tradition -- transition to virtual-reality. we learned that virtual-reality labs will be reported separately from the traditional family of applications. the oculus gaming headset, the smart glasses collaboration with ray-ban. i'm sure one of those products might be on your christmas list. francine: i'm not sure about that. there are many jokes around. are they now the manga stocks? it is only financial analyst humor that works in this case. president biden has delivered a framework for the latest version of the economic agenda for democrats in congress. he warned that the future of his presidency and the majority party's future is at stake. what can we expect going forward? >> it was a big breakthrough for biden. there've been months of negotiations on capitol hill. he didn't want to leave for europe empty-handed and he delayed his trip by a few hours and was able to deliver this framework, this 1800-page framework for legislation that now needs to be written. this being a br

people listening at home going meta what?— meta what? what is the metaverse? _ meta what? _ supposed to somehow transcend that the — supposed to somehow transcend that. the most consistent description i've heard from different people if that's a kind — different people if that's a kind of— different people if that's a kind of successor to the mobile internet~ — kind of successor to the mobile internet. the way that 20 something years ago we are experiencing the internet primarily to the web now we all have _ primarily to the web now we all have mobile phones, smartphones in our— have mobile phones, smartphones in our hands and feet metaverse will be _ in our hands and feet metaverse will be some next level or next layer _ will be some next level or next layer of — will be some next level or next layer of that. where there is this— layer of that. where there is this kind _ layer of that. where there is this kind of pervasive connectivity in our lives. which _ connectivity in our lives. which may sound thrilling to some — which may sound thrilling to some people that may be

all the money in the world and you come up with "meta." a couple. whatever those are. >> greg: if i were metamucil, i would sue him. amanda, you are a filmmaker. let's say -- doesn't this remind you of the michael creighton movie disclosure? do you remember that movie? >> yes, but it's so much creepier than anything people so far have actually created in order to be creepy. the dystopian future of just watching that, i already want out. i'm done, i'm out. but the thing that's really weird about it, the social media companies think they are going to be moving towards this meta-vr world beer might want to stop spamming people all the time and censoring them, because basically what is going to entice anyone to get into this weird vr world where they are just going to be like, you can come into the vr world, just sit here and be quiet. i'm good. i can't connect with anybody anyway, so why would i do this? yeah, it's a little crazy. >> greg: if you get canceled in this world, you get canceled in the next. well done. speaking of filmmakers... >>

all the money in the world and you come up with "meta."those are. >> greg: if i were metamucil, i would sue him. amanda, you are a filmmaker. let's say -- doesn't this remind you of the michael creighton movie disclosure? do you remember that movie? >> yes, but it's so much creepier than anything people so far have actually created in order to be creepy. the dystopian future of just watching that, i already want out. i'm done, i'm out. but the thing that's really weird about it, the social media companies think they are going to be moving towards this meta-vr world beer might want to stop spamming people all the time and censoring them, because basically what is going to entice anyone to get into this weird vr world where they are just going to be like, you can come into the vr world, just sit here and be quiet. i'm good. i can't connect with anybody anyway, so why would i do this? yeah, it's a little crazy. >> greg: if you get canceled in this world, you get canceled in the next. well done. speaking of filmmakers... >> greg: it's all in h

. >> i'm proud to announce that, starting today, our company is now meta. >> also the u.s.dent says that democratic party has reached an historic agreement on economic reforms work neary -- worth nearly $2 trillion. pres. biden: it's a framework that will create millions of jobs, while the economy and invest in our nation. >> the deal is dubbed build back better. ♪ ♪ >> let's start with the gro row over u.k. fishing rights. u.k. government spokesman said the french investor will be summoned to the foreign office. here's the latest statement from the government ministry. the actions are unjustified and new not appear to be compatible with the trade and cooperation agreement or at law. we regret the confrontational language that has been consistently used and the next step the foreign secretary has instructed minister morton to summon the french president. the flashpoint is this reddish vessel, last night it was detained by french authorities and taken to a port. france said it seized it because it was operating in its waters without a fishing license. another vessel was also

. 0ur our company is now meta. remains the same, it's still about bringing people together. our still about bringing people together. 0urapps still about bringing people together. our apps and their brands, they are not changing either and we are still the company that designs technology around people. company that designs technology around maple-— around people. mark zuckerberg there on the _ around people. mark zuckerberg there on the new _ around people. mark zuckerberg there on the new name - around people. mark zuckerberg there on the new name for - there on the new name for facebook. early i spoke to evan greer, who is director of fight for the future. and we were given the reaction to the big announcement. that is really the question of the day. i think what's more important is who gets to define what the metaverse is. in a lot of ways, it's just a buzzword, but what we are talking about is the future of the internet and the future of technology. we're at a crossroads where we need to decide whether we will

i have been thinking about meta-verse for a long time. earliest jobs was product manager on this product called worlds away, so virtual worlds are something i have had a long personal interest in. it is a question of, is that transition a transition that will help on these issues? you say here is the way we are not thinking of individual rights, which are very important, and freedom of speech, but -- which is important, but also how we elevate the fabric of society and how we make discourse better, how we make information sharing better, how we get voices heard across -- in dialogue, with respect. if they say that is part of what we are doing, that will be great. if it is like we are ignoring it, you are like -- tell us more about that. emily: given this complex continuing dynamic, do you think zuckerberg could still be -- should still be in charge? >> yes, because i think he is smart and committed and a learner. i look forward to look -- to see what that path looks like. emily: early facebook investor reid hoffman at the bloomberg live e

goodbye facebook, hello meta. mark zuckerberg says the company is rebranding as meta to encompass its virtual reality vision for the future. dustin dorsey explains what the meta verse is and how soon experts predict it will be mainstream. dustin: if there's anything we can be sure of, change is inevitable, even facebook, the tech giant that revolutionized social media announced today that their company is going beyond. >> to reflect who we are and what we hope to build, i am proud to announce that starting today, our company is now met. -- meta. >> it dives into the world of the meta verse with the use of tools like vr headsets and augmented reality glasses they plan to bring the internet to life in a virtual world where people can meet, work and play. >> we can finally put people at the center of our technology. >> is is worth changing. it could make the planet a much better place, could make the planet a much worse lace like anything else, acknowledging can be applied in both directions. dustin: the announcement

all right, we've got big gains for all things meta let's start with facebook.in but still facebook is up about 1.7% at this hour after announcing that beginning december 1, it will be known as meta platforms. mark zuckerberg, founder and ceo making the announcement at the facebook connect event yesterday , revealing plans for virtual world's where you can do things like play chess with friends anywhere in the world who then appear as live holograms. look at that very cool. the company will change its ticker to mvrs, like metaverse, but that did not stop some investors from trying to get in on the meta action early. but a stock totally unrelated to the metaverse, meta materials, rose as much as 26% after-hours yesterday. the canadian materials company ticker mmat had already gained 4 % during market hour, in response to the unexpected rally , meta materials ceo tweet ed, "i'd like to welcome facebook to the metaverse." george! watch out. george stephanopolos getting up there with the comedy, facebook shares are up 3.25% since wednesday. let's go to gerri willis

. >>> a new name and new corporate named for facebook called meta. what is going to change?he facebook name face buzz continues, the famous like sign replaced with meta, and the announcement made. >> our mission remains the same, and it's still about bringing people together. our apps and brands, they are not changing either. we are still the company that designs technology around people. >> facebook, what's app and instagram won't have face changes, but the company that owns them changed the name. they are moving forward into the meta verse >> hey, mark, what is going on. >> an investor says the idea is not all that new. >> if you think about it in general, we have been in a quasi universe for a decade now, right? think of how much time you stay glued to your phones or on instagram? >> facebook's products harm children. >> a former employee turned whistle-blower said the company is knowingly spreading misinformation, so what does this do for the image? >> i think that a lot of the other concerns that have been raised are still top of mined for a lot of people. >> there's on