Seven Dreamers has created a robot that folds your clothes for you. The Laundroid can help eliminate the annoying process of folding from your life, but it comes at a steep price.
Shin Sakane is the CEO of Seven Dreamers. He joins Cheddar to explain how Laundroid is working to make consumers lives easier. Laundroid has been in the works for 12 years. The robot costs $16,000 and takes it takes 4 to 6 hours to fold around 30 pieces of clothes.
Sakane says the product should be launched by the end of the year.
Bond yields fell to more record lows as investors continue to demand safety and unload stocks. The yield on the 10-year Treasury note sank as low as 0.66% as investors worried that economic damage from the spreading virus outbreak will be worse than previously thought.
Dr. William Schaffner of Vanderbilt University said taking steps like sanitizing the subway system "may play a small role in mitigating the transmission of this virus, but it signals to people that we ought to be functioning as we can and doing the things we can do."
Stocks are falling sharply again in midday trading on Wall Street, and bond yields are sinking to more record lows on worries about the economic damage coming from the spreading coronavirus outbreak.
These are the headlines you Need 2 Know for Friday, March 6, 2020.
Stocks and bond yields fell sharply Thursday as fears about fallout from the virus outbreak sent more shudders through markets.
The Senate has passed an $8.3 billion measure to help tackle the coronavirus outbreak in hopes of reassuring a fearful public and accelerating the government's response.
Danone's Horizon Organic, the largest organic dairy brand in the world, is committing to becoming carbon positive by 2025. Its goal is to become the first national dairy brand to be carbon positive across its full supply chain.
Scrambling to keep the coronavirus at bay, officials have ordered a cruise ship to hold off the California coast to await testing of those aboard, after a passenger on an earlier voyage died and at least one other became infected.
Stocks are falling in midday trading on Wall Street, erasing 2 percent from major indexes, a day after they surged 4 percent as the mood swings back to fear about economic fallout from the virus outbreak.
These are the headlines you Need 2 Know for Thursday, March 5, 2020.
