su meta es enfrentar el tema de la inflaciÓn.costo de la energÍa y que mÁs gente pueda conseguir autos que sean elÉctricos y tambiÉn energÍa limpia. algo bÁsico enfocarse en el costo de la atenciÓn mÉdica, los medicamentos con receta y tambiÉn los alimentos. nos conectamos con edwincon mÁs informaciÓn acerca de este plan. edwin: asegura el mandatario que el primero es la pandemia y lo segundo es la invasiÓn por parte de rusia a ucrania, que ha provocado un alza significativo del combustible prÁcticamente en todo el mundo. Él estÁ diciendo que el plan de la casa blanca va a resultar en el uso de 1 millÓn de barriles de crudo al dÍa de parte de la reserva federal de petrÓleo para de esta manera disminuir significativamente el costo del combustible en los estados unidos. el dÍa de hoy ya sabemos que alcanza una cifra de $4.37 el galÓn, algo que estÁ golpeando el bolsillo de los norteamericanos. estÁn contrastando el plan de la casa blanca contra una propuesta republicana que presenta el senador, que de alguna forma la casa blanca lo

meta is launching a program to launch businesses, meta prosper, content, training resources in six different on instagram and facebook. joining us now is the global head of marketing. thank you for being with us today. chief operating officer sheryl sandberg said the pandemic was a driving force in the creation of meta prosper. can you talk about that? >> yeah, absolutely. as we have been tracking the pandemic, asian-american/pacific islander small businesses have then affected, targeted and attacks, covered widely, and a strong percentage believe they will not survive past this year because of those attacks and the xenophobia cast upon him. --them. we built a program to help them succeed. kristen: i understand you are creating communities on social platforms, right, but what are the tools that meta prosper offers? >> absolutely, what we noticed last year during asian-american/pacific islander heritage month, there was a heavy appetite for trainings and language. my mother is from the philippines, so i thought what if we created content for that? how would her, her family, and friends start

now parent company meta has its eye on the real world. well, sort of its opening, its 1st brick and mortar store, i'll be at one dedicated to virtual reality. the meadow store will open in california this weekend and future v r heads up, smart glasses and more. all products can also be bought online. of course. been well here in germany, the country's federal cartel office says it will step up the supervision of the american tech giant. after determining it is of paramount significance to competition across markets. i asked the offices president unclear, want just how significant that is. yeah, it isn't away very significant. it means well, in other words, it means that the meter is a super dominant company. and super dominant companies are address sees of a special provision in germany. that is the new section 1900 k, in our act against restrictions of competition. meaning that we can act more quickly, meaning that we can act before it's too late. maybe that we can act also on markets where maita is not dominant yet. and in implement sea

we got a sneak peek at meta's first brick-and-mortar store.e will tell you if it is worth a visit next. this is bloomberg. ♪ emily: monday is opening day for meta's first brick-and-mortar store. ed ludlow got a behind-the-scenes look at the store. ed: if you needed more proof that meta-is going all in on web three, then look no further. take a look at the company's first retail store where vr and ar polygraphs are front and center. this is a metaverse store in the real world. this store is the size of a small house. less than 1600 square eight. opening it is a pretty gutsy move for meta-, considering other tech giants have tried and failed. in 2020, microsoft shut down its door locations permanently to focus on online sales. earlier this year, amazon announced it was closing physical bookstores, amazon 4-star locations and more pop up kiosks so the company could better focus on its grocery business, so why does meta think it will be more successful than its peers? ceo mark zuckerberg said the best way to expand virtual reality is to experience

buying in netflix or meta. s&p only down 0.4 of 1% and the dow continues its recovery as well it's now downonly 150 points. >>> coming up next, is the market nearing a sustainable bottom mike santoli looking to break down a key indicator of exposure to equities. >>> later, we'll talk to the vp of meta's global business group about the latest read on the advertising market and competing with tiktok and twitter for ad dollars. beig bk "osg clin bell." the pursuit is on. the pursuit of outperformance at pgim. with deep expertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match insta

marketing at meta, eric.s nice to have you on the show. thanks again for joining me this afternoon. so what can people find on these new channels? yeah, absolutely. thanks for having me heather meta, prosperous and new initiative. um that we just launched about three weeks ago designed to support a p. i owned small businesses. and so if you go to instagram at meta prosper facebook backslash at meta prosper or even facebook .com backslash spot prosper with us, you'll see resources you'll see features amplification of small businesses that have found a way to use our tools. to find success and scale out to reach new audiences. and tell me why this is so important, especially for those types of businesses. well the pandemic has has disproportionately affected asian owned small businesses, not just because of the economic impact but also the xenophobia, racism and attacks that you've actually covered here on the on the channel, and so we thought we needed to do something more we thought we needed. we should do so

. >>> plus some new friends for facebook a breakdown of the bold case for meta as shared sit 50% off of their highs. and cisco putting pressure on the software space, but low valuations for some of the smaller names. a takeover perhaps >>> we'll kickoff with a check on the nasdaq. it is moving slightly higher after yesterday's brutal 4% retreat. a number of software names down following cisco, but first let's break down where we stand halfway through the day. mike >> we're hesitating, i guess you might call it in that nasdaq around the 30% level, down 30% from the highs just slightly above where we did bottom out last thursday here we have going back five years. the nasdaq composite along with a 100 day moving average this is the price over two years, slow moving supply and demand indicator i wanted to point out how far below it we're here. a greater percentage below it than the plunge in 2020 as well as the deep selloff back in late 2018 however, we were also farther above it here than we were at those peaks. so everything, whether you lack at valuation or technicals, yes, this has

tom: in fairness to facebook, meta, twitter is an official platform. it is recognized as a way of getting the statement out there. i would like meta to be more clear about which messaging platform they are talking about here. and remember, in cases like this, law enforcement will want to move very quickly to get any private communications, they use private subpoena, court orders, to get access to these kinds of things that ordinarily pick tech not want to share. in this instance, meta has a great interest in helping law enforcement and the greater public get to the bottom of how its platform may have been used. emily: and encarta but important that we do get to the bottom of it, given the gravity of this situation. tom giles, thank you so much for sharing what we know now with us. coming up, we will talk about what came out of twitter's general annual meeting and the path ahead for the public and may be soon to be public company. our ed ludlow has been at the meeting, covering it all day. ed? ed: changes on the board, changes to the terms of the deal,

a message from our sponsors, the owner meta tries to cash in on a 2 billion users. inflation election, the soaring cost of living takes centre stage as australians go to the polls. hello there. governments around the world should subsidise food and edgy for the poorest members of society to double the cost of living crisis. that's the call from the head of the international monetary fund. she is concerned that if central banks raise interest rates too aggressively to tackle elation, stoked by the war in ukraine, they could cause recessions. she says any financial help from governments must be carefully targeted to avoid making inflation worse. they ought to care for and review who and what to support, to prevent the tightening of financial conditions and the shock but inflation is now causing one confidence, to turn what is still a positive world projection into the recession, you rightly are concerned about. so we say to our members, be very careful how much you spend and what for you stand. there are two priorities. one, the very poor people, segments of society t

i think there's a great opportunity there. >> steph, you have been adding to your meta position. and google is looking interesting to you at this point? >> yeah. i have been adding -- sorry. >> go ahead, steph >> me? okay sorry. no, i have been adding to facebook and meta in the last couple of weeks and i have been wrong so far for sure. down 43% year to date, not proud of that, but it is a value to me if brian is talking about focusing more on value versus growth, here is quality on sale. 14.4 times forward estimates, 9 times that's compelling. they're going to fix reels, have a boat load of cash and have buy back what brian didn't mention, you have to find companies with easy comparisons. starting second half of the year facebook does. i was looking at it, i was getting greedy, i would like to get it at $2,000 or so, especially after the snap, digital advertising slowing down and the only thing that bothers me about google, alphabet, there are 100 sell side buys on the stock. that's a consensus long. wrapping it up, i agree with brian. sounds to me you're focused on value versu

other stocks like meta, we have added paypal, they have been crushed. apple hasn't been hit as hard yet. if it does, it will cross the plate and it will be a batter pitch for us. >> it does feel like, whether it is apple or tesla for example, today, 666 a lot of it is pinned around what q2 is going to look like vis-a-vis china, right. >> right hao and whether or not the market can get its arms around what would be obviously a disappointment within the quarter. who knows what else comes? >> certainly if we get a really bad iphone number out of china that's going to department the whole case. anything negative on product side out of china is going to hurt apple obviously, our atennae are focused on that. but for a lot of tech companies china is a significant wild card and it is probably going to get worse before it gets better. >> just in the first few minutes of the show stocks turned lower. the nasdaq is now down .8% as we talk about the china question mark, yesterday on our air it was brought up that once it does open, we don't know when that is, there

facebook's meta is getting hit alphabet getting hit to the tune of down about 7.5% for meta and off bylet's talk about whether this is a snap-specific problem or whether this is everybody. because investors at this point are saying we're going to shoot first and ask questions later. are they right to do that? >> look, investors were very worried that tiktok was starting to eat into snapchat and that's just actually not true tiktok is certainly having a meaningfully negative impact on instagram, facebook. even youtube snap chat's not having an e engagement problem it's not just in the u.s th this is hitting snap all around the globe. there's a lot of d-to-c companies advertise on snap. this is across the world as you saw the pull back, you saw walmart, target, this is a real pressure on that macro environment which impacts advertising. so forget about snapchat today what does this mean for twitter? elon musk is buying twitter at an enterprise value of essentially, we're going to be close to double, 50% more than twitter. you just wonder, he's rolocked , but is he really going to move fo

algorithm is absolutely disinterested and shows people a message that is supposedly better suited or metaan invade this algorithm. primarily. i believe that here is not only about the algorithm. how many excuses about emphasis. it is precisely the goal of such an algorithm that separates the facts and disinformation here is more about ideological motivation. but what is more important this is the pressure that the congressbook is putting on twitter and other social media to censor information that is inconvenient for the congressional democrats to tell it all started back in 1916 and i sympathize with the russian point of view because i see this misinformation and censorship on facebook on twitter it's not the algorithm that does it it's the people behind the scenes. thank you so much scott ritter, a military analyst and former us naval intelligence officer, was in touch with us. all the very best to you good for sure. good luck. thank you so much for coming to us today, watch the anti- fake program with us in the 10th fight against the untruth that has befallen us. if you have any photos

meta is a company with the best net income margin in its industry of 31%.orry, seven times above the industry average. and so it's a company that's doing great, it's well diversified, it has a position in the metaverse, a great place to be. >> so question, if you like meta for all the reasons you described, i guess without mentioning alphabet specifically, but amazon, apple, netflix, some of the other mega cap tech names, microsoft, would you be equally interested there or staying a little shy? >> not amazon because of the cost -- the cost increases they have when it comes to alphabet, that's again a company that we own, again, overweight because it's very well diversified you use it every day, every hour even so it's a company with the biggest revenue growth in the industry 37% revenue growth again, a leader. and when tech comes back, when which we believe it's about to come back. so for instance where the decline volume was significantly higher than the advance volume, during the last 20 years when that happened, six months after, the markets were higher,

meta is a contributor. cnbc, century housing corporation. we all contributed our open money to make this happen. we know that creating affordable housing is transformational for the city and neighborhood. this is what makes the mission special. it is a place. it is where you go to sleep and where you live and play and work. this is part of that effort. this is why it offers long time spaces. it is very important for the community. . [indiscernable] this is a priority for the neighborhood. the city office of work force development extended the program with $1.2 million -- $1.3 million for this property. is covid-19 crisis showed more than ever how critical stable housing is for most vulnerable community members. health is housing. housing is health. today's event celebrates this community for decades to come. with that said with it being san francisco affordable housing week it is my honor to invite speaker of the house nancy pelosi to the podium. for decades she has been a supporter of affordable housing. to keep this a welcoming place for e

meta as well and amazon, it was andy jassy's first as ceo.e will get an update on how it all went down. this is bloomberg. ♪ emily: amazon holding its annual shareholder meeting, the first four ceo andy jassy. i'm joined by spencer who covers amazon for us. what were the big takeaways in andy's responses to these resolutions. spencer: a big one, there were several regarding worker treatment and he had to respond to that. and just these high entry rates. amazon was hiring a lot of people through the pandemic and andy jassy was trying to explain that a lot of them were new to industrial work environment, therefore injury rates climbed even though amazon made this pledge to make it the best place to work into really target reducing the injury rates. so he is deftly trying to buy some time by explaining the unique circumstances around the pandemic. there was an advisory builds on pay and it was a big deal because you have andy jassy who was promoted into this role as he oh, not someone who built the company, but was promoted to succeed jeff bezos

meta sure to be interesting. but i guess zuckerberg has all the votes. twitter, it's all over but the fighting, right? >> well, there's so many different factors at play here, john we just have to point out that meta shares are down 45% in the past year and twitter shares are up 36% in the past year. so when the companies meet virtually with shareholders today, we'll be listening carefully for commentary on the add contraption that snap flagged earlier this week. the shareholder vote on elon musk's takeover will happen at a second meeting they're advocating for a number of different things including the rejection of executive compensation they're also advocating in favor of shareholder proposals about concealment clauses on mandatory arbitration and non-disclosure on sexual harassment and the like also disclosure over political spending and civil rights expertise added to the board mark zuckerberg controls votes so nothing can pass unless he votes for it we'll see if proposals demanding reports on human rights, online child exploitation and a report on t

meta platforms is set to open its first physical store.tual space where people interact is now possible in a real meta store, the first of its kind opening in california. it is the latest push from meta platforms, the company that owns facebook, to promote mainstream interest in what it calls the metaverse. the company is investing heavily in the metaverse by developing hardware devices that provide access to the virtual world. here, consumers can buy headsets and interactive gadgets. last year it said it would start testing tools for selling virtual experiences within its vr platform. the move comes after the tech giant reported its slowest revenue growth in a decade and warned of a potential revenue drop in the current quarter. it also noted it will be ditching podcasts, just a year after launching the service. it is a time of change for the company which can be seen in reality or virtual reality by the 2 billion people who use meta platforms every day. emily brown, bbc news. you can reach me on twitter — i'm @vfritznews. your business n

. >>> the first physical store today opened for meta. customers can shop all meta products and there's a lot of things happening . you can learn how to make video calls to retail workers with the meta portal and explore the world of virtual reality. >>> i live look at the chase center . they are up right now and ghjuring his right knee. jordan poole grabbed the knee, and they felt that he crossed the line. >> you know the code. >> it is not a joking matter . >> i do not think that there is anything to talk about. what jordan poole did was just going for the ball. >> we have a basketball game to win . >>> now to an adorable update out of san francisco. the san francisco fire department said a baby fox was rescued over the weekend. it is going to be just fine. firefighters teamed up with animal control. construction workers made the call for help and it will receive care until it is healthy enough to be released into the wild. "kpix ws at 12:00 p.m.," a man on a mission to make people look good is spreading a different message . the awaren

facebook's parent company meta dropping more than 26% last week... that is more than $230 billion inshare value. when will there be accountability? how many more people need to be harmed before mark zuckerberg listens? >>> amazon, twitter and facebook all holding their annual shareholder meetings this afternoon. shares of each in the green today but, of course, this comes after steep declines from the 52-week highs all more than 40% lower. joining us now mark mahaney head of research. mark, good to talk to you. i guess a lot of times shareholder meetings not necessarily generating a ton of fresh news but in the meta meeting there was a little bit of a ruffle in the shares lower in facebook when, i guess, mark zuckerberg said, look, we're going to be losing money in the metaverse the next three to five years. those headlines seemed to have an impact. it's recovered but is that something in contrast with what investors already expect >> i don't think that's in contrast now i thought the real news earlier this year was when he sort of committed to tapering down expenses if there's going

he says it's a meta physical battle against the west while using homophobic language. the church is criticizing the proposed sanctions by saying it will just prolong the conflict. >>> secretary of state antony blink e has tested positive for covid-19. we're told he tested positive after attending the white house correspondent dinner and various events over the weekend. blinken is fully vaccinated and boosted and experiencing mild symptoms. he first tested negative yesterday and has not met in person with president biden for several days. in the meantime, the u.s. reaches a grim milestone, surpassing 1 million covid deaths, by far the world's highest total. that's according to data compiled by nbc news. it comes 27 months after the nation confirmed its first case of the virus in washington state. the nation's first confirmed deaths were in santa clara county in february of 2020. vaccines have slowed the pace, but 360 people are still dieing from the coronavirus every day. the cdc says most are unvaccinated. >>> have you seen this yet? a jarring confrontation involving o

look at the lows for meta over this period.ou know, it's not at the open going to challenge those lows. the 52-week low in meta is, you know -- what is it, in the 170s or something it's clearly not necessarily going to be the place it's going to go the way of snap. and i do think there's another piece of this which is, have we ever been sure that snap was a good business? necessarily. in the moment. maybe some day and it's a great product and it had an audience that everybody wanted and now tiktok has a lot of but 7 billion in losses over five years the share count is up by a third in five years because they hand out the equity to employees. so i think there's some exacerbating issues with snap that's a little more than, oh, no, the digital ad pie is not growing as fast as we thought. >> morgan stanley had a chart yesterday of companies where symptom-based comp is under water. snap is on the list. i think about 9%, but nowhere near the likes of stitch fix, peloton or lyft. >> it's an overhang. it echoes the 2000 to 2002 story.

now metas shares, down about 1% today after dropping 7 #% yesterday amid reports that meta is haltingres are down nearly -- about 5% after dropping nearly 10% yesterday. pinterest is back into the green today after losing 7%. the stock is off more than 60% twitter shares reacting to news that elon musk plans to be twitter's ceo and then take the company public again, according to reports, that bucked the trend yesterday, and gained 3%, though it is down about another 1% today. now, media stocks are down, but the streamers are down far more than the traditional media players, after some concerns sparked initially by netflix and its earnings about a saturated market and cash strapped consumers perhaps shifting more to ad-supported services netflix shares down about 3.5% today after falling 8% yesterday. and at one point netflix was down its lowest levels since september of 2017. we zero cue shares down nearly 4% after a decline of nearly 7% yesterday. fubo on a downgrade after its earnings yesterday afternoon that stock is down 18% today, vim owe was hit by a downgrade but it's pretty m

google at a two year low, meta at two and a half year low it is not just snap. are the companies that were supposed to have growth regardless, pandemic or not. turns out fed slamming on the brakes, hitting the stock market, we have seen $8 trillion of household wealth vanish u.s. households, 33% of net worth in stocks. primarily concentrated in the middle class and up. when you do that, you see new home sales fall off a cliff, existing home sales are next watch for that next month. when you do that, you can't expect a v shaped recovery, should be able to look at this and say in march of 2021 when inflation went above the feds' quote, unquote target of 2% for the first time, maybe that should have been when we start talking about preparing for the end of extraordinary accommodation. that's a year and two months ago. all this catch up, slamming on the brakes, i understand why it has to happen. it is not the preferable way to have dealt with what pretty much anyone could have foreseen with the amount of stimulus coming in both from biden's stimulus plan as well as

a meta platform, docusign, and there's more market action still ahead.en noon yet stay with us >>> let's get a gut check on magqeta, price target 15, they say the high quality customer base leaves it exposes to some of the highest growth trends in digital commerce, and with marqeta shares down more than 4% on the years ago they do see an attractive entry point shares down much less than the overall tape the dow is off session lows, down 262 "tech check" is back in a moment a cfp® professional can help you build a complete financial plan. visit letsmakeaplan.org to find your cfp® professional. ♪♪ xfinity mobile runs on america's most reliable 5g network, but for up to half the price of verizon, so you have more money visit letsmakeaplan.org to find your cfp® professional. for more stuff. this phone? fewer groceries. this phone? more groceries! this phone? fewer concert tickets. this phone? more concert tickets. and not just for my shows. get $400 off an eligible samsung device with xfinity mobile. take the savings challenge at xfinitymobile.com/mysavings

mi hija. >> al cumplirse el mÁs importante alero de estos padres que es ver a su hija saludable, la metan hablar inglÉs, ahora es ingeniera y serÁ la primera latinoamericana en viajar al espacio, esta mexicana de 26 aÑos fue elegida entre mÁs de 7 mil visitantes por la ong para ser una de las seis tripulantes en el prÓximo lanzamiento de la compaÑÍa de jeff, su mamÁ fue su gran inspiraciÓy ahora ella quiere ser un ejemploara otras. >> para mÍ es muy importante saber que los niÑos y las niÑas, especialmente de mÉxico que tengan estos sueÑos, ya no van a decir que nadie lo ha hecho, y van a saber que es posible. >> se graduÓ de ingeniera elÉctrica, estÁ estudiando una maestrÍa en ese mismo rubro e informÁtica y ha fomentado el interÉs por las ciencias como copresentadora de un programa en netflix, todo ese esfuerzo en la tierra la llevarÁ prÓximamente sta laestrellas. >> y lionel messi es el deportista que mÁs gana en el mundo pero no es el Único con una gran fortuna, tenemos la lista de los deportistas millonarios, los detalles al volver. volver. ♪♪ (mÚsica esto es pretección. el ritual d

meta's first physical store opening today.rent of facebook, will show how the company's virtual look actually works. >> i want to see what it actually feels like. >> i want to see the store because i work in the silicon valley. it's a top notch industry. >> you have to be into tech to really enjoy the stuff. the store is open monday through friday. >>> up next, cracking down on ghost guns. >>> you see one of the top stories inside russia and ukraine. what president putin said in a rare public appearance and what victory day looked like in the war zone. lester joins us in about five minutes. if you're a small business, there are lots of choices when it comes to your internet and technology needs. but when you choose comcast business internet, you choose the largest, fastest reliable network. you choose advanced security. and you choose fiber solutions with speeds up to 10 gigs available to more small businesses than any other provider. the choice is clear: get unbeatable business solutions from the most innovative company. get

meta platforms is set to open its first physical store.its virtual reality space — the metaverse — mainstream. emily brown reports. living in a virtual space where people interact is now possible in a real meta store, the first of its kind opening in california. it is the latest push from meta platforms, the company that owns facebook, to promote mainstream interest in what it calls the metaverse. the company is investing heavily in the metaverse by developing hardware devices that provide access to the virtual world. here, consumers can buy headsets and interactive gadgets. last month the facebook owner said it would start testing tools for selling digital assets and experiences within its vr reality platform. this store opening comes after the tech giant reported its lowest revenue growth in a decade and one of a potential revenue drop in the current quarter. it also noted it will be ditching podcasts, just a year after launching the service. it is a time of change for the company which can be seen in reality or virtual reality by the tw

meta was bad karma bertha coombs, thank you >>> we have more to do on this busy thursday. on deck, more on target and walmart retail wreck why stacey widlitz is expecting more pain. >>> and gas is over $5 a gallon in many parts of the country sadly, don't expect relief a any time soon. paul is here to talk about it. >>> and what has happened for the first time in 75 years refill that coffee futures down again we are back right after this what do you think healthier looks like? cvs can help you support your nutrition, sleep, immune system, energy ...even skin. so healthier can look a lot like...you. cvs. healthier happens together. what if you were a global bank who wanted to supercharge your audit system? so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create >>>

meta is going to halt or slow hiring for senior and mid-level executives following a recent pause for senior engineers. that's after meta reported its slowest revenue growth since going public a decade ago and navigates competition from the likes of tiktok as well as privacy issues for its advertising businesses. >>> speaking of tiktok, a new way for creators to make money. it wants to start sharing a cut of revenue when their videos run alongside certain ads. the program is similar to how youtube pays creators and could lead to more significant payouts. the new program, tiktok pulse, allows for ads to run along the top 4%. up to 100,000 followers are able -- >> our market and evening anchor, janelle, are tiktok famous for their dance. i guess we can monetize and put ads for nbc bay area. >> then we wouldn't get paid. >> there you go. >> thanks, bertha. >>> high tech may soon help you switch up your average workout. >> world of warcraft, that's what what i want my future of exercise to look like. >> after the break, bob redell shows us the future of virtual reality workout. ♪hefty, he

you're adding to meta.ad gerstner, a week off the quarter in which seemed to relieve some investor concerns that have been around that name what have you got for brad >> hi, brad. great to have you today. the biggest question everybody has on meta is can they monetize reels and how long will it take to monetize reels, can the stock work if they don't >> well, stephanie, i heard you talk about it. i happen to agree with a lot of your position on the name. let's take a step back on meta for a second generating $25 billion in free cash this year, bought back $9 billion of stock in the quarter. generated 8.5 billion of free cash in the quarter. in a quarter that they had almost everything that could go wrong go wrong, right? whether it is idfa, lapping some of the hardest internet comps because a year before everybody was sitting on the couch, surfing instagram, this q1, everybody was out post covid doing things, they had a lot of natural head winds even in that tough quarter managed to generate over $8 billion

look at them. -- from the east side union high school district. >> meta-meta-. vitamin. way to better. rob maietta >> he has been busy all day. -- hang out with us tonight to. -- at the event you can see a workshop -- how liquid nitrogen ice cream works. because of the pair say the event is very important to aspire for young scientists. >> working on legislation to increase our -- in science and technology. why? because, science and technology is going to be the key -- country whether it states around the world. >> students enter the lion, their latest science competition winning up to $200. >> i call him the personal professor. he teaches science. he knows it, he loves it, he was a. and now he is making ice cream with. >> brings him back? >> we did see how the science of fireworks there, too. -- in the sky there, too. is very popular. the ice cream on the fireworks. >> well done. >> it was a nice day&. san jose state earlier. right, pretty easy to be a weather forecaster today because of you said it was going to be 50, 60, 70s, 80s, 90s. you write. you got all of it. ri

let's look at faang stocks facebook's parent company meta, down 46% from the all-time high. let's go to the wall apple down 14% amazon down 38%. netflix down 73% google down 23%. joining me now is dan ives dan, great to have yyou hire we are seeing the tech wreck there are other factors causing big tech to be under pressure? >> it has been a nightmare on elm street you see the combination deleveraging across the board. worries about the fed and multiples across the board for tech stocks. i think the crux of this is investors are worried about what this means for fundamentals. do you believe numbers for this year for 2023? frank, i have seen this three times. early 2001, fall of 2008 and today. the point is i'm not calling this a bottom, but the panic and fear i'm seeing is really unique relative to what i have seen in last 21years. >> you are saying a lot of buzz words. bottom and panic is this an opportunity to buy? >> affirmly believe for tech when i look at microsoft and apple and you see where google is and other cybersecurity unless you think enterprise spend has fallen

what will i be doing in your meta first? and we will both be out of a job. just kidding. metaphors will be interesting, we will see experiencing, you will be able to do training and customer service so imagine you are in a stadium, a data center and you need someone to do a repair, somebody will suit up and it exoskeleton and gloves and go to the repair control robots in these centers so a human anywhere in the world can do a fix and make a repair is one version, we can do recruiting, nonbiased recruiting, avatar interviews and other avatar and take away the notion of skin color, accents, race and goes away so you can pick up bias. other examples we are seeing different things, j.p. morgan has roadblocks. roadblocks, sandbox will be place for commerce and you will see an ft become popular. nft ticketing and venues and stadiums and the ability to go out and use an ft as your contract for the title of your house. those things are being discussed and a lot of discussions are happening outside and that's where the innovations ar

the meta-verse will have a physical store. what they are helping to achieve. why they chose that location. this is bloomberg. ♪ >> metta, the parent company of facebook is opening his first physical store. they will try out the vr and ar hardware. they spoke to bloomberg's ed ludlow. >> what we learned from the store would definitely go into how we build our product and where we continue to sell it. >> why not san francisco or new york city or lunch? >> great question. this is the headquarters. we thought it was important to have the customer expansion we were creating very closely. we want that to be on how we continue to build innovation of the future. this bill at the perfect place to put our very first experience. >> i have been in a few different situations where you see a product and pop-up format. you are walking, that is in some kind of outlook area. >> a lot of the experiences that we built our unique. this is the first time they have existed anywhere. as we learn more, we will see how those show up around the world. >> is this a luxury experience? >>

. >> tenemos la meta de regalar 50 chalecos.a de agua, no se tienen que preocupar por daÑar su chaleco mientras estÁn trabajando. fÉlix: investigan quiÉn realizÓ un tiroteo e irrumpiÓ en un partido de bÉisbol. los jÓvenes tuvieron que tirarse al piso para protegerse. los padres dicen que la violencia puede ocurrir en cualquier lugar y en cualquier momento. presentadora: cientos de clÍnicas se preparan para brindar ayuda a inmigrantes, incluso a indocumentados. julio: miles de personas contarÁn con cobertura este 1 de mayo. ser indocumentado y vivir en california son los primeros requisitos para vivir los beneficios de medical. cuÁnto debe ganar una persona? >> una persona puede ganar hasta 18,725. reportero: visitando una pÁgina podrÁ iniciar una suscripciÓn para el programa. >> nosotros vamos a ayudarlo con la aplicaciÓn y vamos ayudar a que esta personas sean aprobadas. tendrÁn servicios de medicina interna, mental, psiquiatra, psicologÍa y nutriciÓn. reportero: hay problemas para solicitar servicios aquÍ? >> sabemos que hay m

what you can expect at meta's new venture, coming to the peninsula. >>> meta's first physical store setopen tomorrow morning in burlingame. this is a look at the store today hours before its grand opening. meta, the parent company of facebook says the store will allow people to get hands-on experience with all of its products. among the highlights, interactive demos that show how the company's virtual reality equipment works. >>> vote by mail ballots will soon be arriving in mailboxes across the state. tomorrow is the deadline for counties to send out vote by mail ballots. everyone in california will now be getting one in the mail, thanks to that new law. >>> it is that time again. >> all right. we are back in a moment. what's it like having xfinity internet? it's beyond gig-speed fast. so gaming with your niece, has never felt more intense. hey what does this button do? no, don't! we're talking supersonic wi-fi. three times the bandwidth and the power to connect hundreds of devices at once. that's powerful. couldn't said it better myself. you just did. unbeatable internet from xfinity.

. >> we went through meta first and meta helped us to apply and be ready to get the down payment assistant loan program. that's the program that we used to secure the purchase of our home. it took us a year to get our credit ready to get ready to apply for the loan. >> the whole year we had to wait and wait through the process and then when we got the notice, it's like, we were like thinking that. >> when we found out that we were settling down and we were going to get approved and we were going to go forward, it was just a really -- we felt like we could breathe. we have four kids and so to find a place even just to rent for a family of six. and two dogs. >> we were going to actually pay more for rent and to own a house. >> it feels good now to have to move. it feels for our children to stay in the neighborhood that they have grown in. they grew up here and they were born here. they know this neighborhood. they don't know anything outside san francisco. >> we really have it. >> we'd love to say thank you to the mayor's office. they opened a door that we thought was not possible to be open

meta-today, i wouldn't qualify them as an innovative company.hat i found shocking was the amount of people who agreed with the statement in the statement overall that the other reasons, the fact that they don't partner very well or have a lot of credibility or have suffered credibility issues with consumers. this all affects the concept of the metaverse where ideally you have one overall environment that is digital in nature, there is a common currency, all of those things are fundamental to at least my visual on the metaverse. this is where i see them as a company having some issues. emily: i wonder if there are any metaverse companies that you like, like traditional gaming companies, and tendo, stock lagging because people are looking at other iterations of the metaverse. what do you thick of that assessment, the pace of innovation at these other companies, including nintendo, which isn't trumpeting a vision for the metaverse? emily: there are a number of different things. -- reggie: i thing there are a number of different things. companies li

is slowing the pace of hiring a person familiar with the company's plans tells cnbc meta will stop or slow hiring for mid-level and senior level roles after doing that for entry level engineer in recent weeks this comes as revenue slows and the company deals with inflation concerns and global uncertainty. meta spokesperson tells cnbc the company reevaluates the talent pipeline according to its business needs in light of the expense guidance for the earnings period. it is slowing its growth accordingly. facebook will continue to grow its work force to ensure we focus on long-term impact. >>> palm oil prices are pulling back from the record high. analysts point to optimism that output from malaysia will rebound. >>> and elon musk is working on the financing plan for the twitter buyout the post reporting that the tesla ceo may be close to raising $10 billion in cash from equity investors the firms that backed other companies in the past. musk is reportedly turning to family offices that control large amounts of private money notably, it seems he is not going to banks >> interesting devel

now it's corporate parent. meta is going for the real world opening its 1st brick and mortar store. again, mostly to draw you back into an entirely virtual reality. the 1500 square foot meta store at the company's burlingame campus in california opens this weekend features v r headsets smart glasses and related items. all products, of course, could also be bought online. and here's a reminder of the top business doors were falling for you at this hour china 0 cove . it policy has european companies. they are bracing for losses and reconsidering their investments. that's according to a new survey from the e. u chamber of commerce in china. more than a quarter of the 370 firms participating in the survey said they're thinking about pausing investments, or moving them to other markets. the federal reserve in the united states has raised its benchmark interest rate by half a percentage point. the biggest hike in 2 decades is meant to battle inflation just currently running at a 40 year high. that's it for me and the d. w. business team. you can find out more about these and other busine