It is about time. We could use resources in better places. Many we spoke to were either indifferent or excited. If alcohol is legal, why should marijuana be legal . It is less harmful. It means people caught with the drug will not be arrested or face jail time, just a fine that is less than a parking ticket. Yesterday, the same offense meant a 1000 fine or six months behind bars. Opponents are worried the new policy means more children might start using the drug. Uthmy concern is that more yo get into it. This park is federal jurisdiction in dupont circle, which means you can be arrested and charged with a misdemeanor, but behind me, right across the street, it is just a civil penalty with a 25 fine. They will have to make sure they communicate that to people because to me that seems like it could be setting people up for more trouble. Another cause for confusion from Law Enforcement they cannot take action, even if they smell the order odor of the drug. The metropolitan Police Departm
Theyre five votes short of the majority needed to overcome a veto. San francisco based visa set a four for one stock split in march. The Worlds Largest Payment Network reported gains for the First Quarter and profit. Profits up 12 . Sales up 7 . Payment volume up 11 . To 1. 2 trillion. Visa has embraced new Technology Like apple pay and is poised to benefit as Consumer Spending rises in the u. S. Indiana governor mike pence has pulled the plans to start a staterun news website. The website was going to offer prewritten stories to the media. It was criticized by indiana lawmakers in both parties as well as journalists who likened a state run news outlets you might find in russia or china. Pence said the goal is to better report news from state agencies. He calls the project poorly crafted. One of the two of the Biggest Companies in technology have reported Fourth Quarter earnings google and amazon. Amazons sales in the Fourth Quarter Holiday Season up 23 . And they turned a profit, up 1
170plus billion dollar company. Thats a huge move. It is and its incredible those earnings still could blow it out. A lot to do with frozen. We talked about it yesterday but the reaction initially was not as strong as what weve seen throughout the session. Its held up well throughout a volatile session. Speaking of volatility, look no further than oil. Remember the big rally weve been talking about and the price of oil, it has reversed itself. Its now given back all of the gains that we saw the last two days. The price of oil settling down more than 8 today. For a period of time it was down 10 just off the lows. Well talk more about that coming up. More market moving earnings also due out in an hour. We have 21st century fox today, Keurig Green Mountain under armour yum brands. Dont miss a moment of it. Were waiting for the big unemployment number on friday. Right now it stands at 5. 6 and the Unemployment Rate is a big lie. Thats not me saying that. That would be the ceo of gallup of
Master on how to get things to happen. Her grandfather was, is the legendary bob strauss who probably was one of the legends of politics in america. Before i asked mark to kick it before i ask mark to kick it off, a book is out that i just watched called the death and life of american journalism. The book is dedicated to bill moyers. There is a quote at the beginning that says this is a crisis for journalism that is also a crisis for american democracy. You are experiencing it now. Thank you. Great to be here. I have met so many wonderful people already in this room. Thank you to tom for encouraging me to come, and to you for being here. Im afraid i might have been oversold a little bit in the sense that i cannot tell you what the future of news is. I guess i would challenge anyone in this world to say what the future of news is. It is in flux. There is a thinker about journalism, clay sherkie, who wrote a blog post several years ago in which he says memorably, compared the phase were
You can only focus on a few things. There is the question of what are you going to focus on at your company . Focused. Have to stay sorting through the good ideas is sometimes hard. Other questions . Do you see yourself as you evolve as a Media Company getting to other things like conferences and events that you states stage . We do some of events. We interview people. And it is an interesting way to generate media. It is a trend of live event plus live content. Do one more here. Just say it. I will repeat it. First of all, i want to tell you that i respect your model and how you went and asked studies of the real media companies. You are right. It wasnte nothing if for a guy by the name of read old illed read chef sheffiled. In his book, reed was the one who recruited all the people from new york and they lived in a fleabag hotel while they founded cnn. It is a great story. I read the book called cnn the inside story with lots of inside stories with schonfeld being a major player whil