Rex Tillerson is out as Secretary of State and CIA director Mike Pompeo is in. President Trump made the announcement in a tweet on Tuesday morning just minutes after a report in the Washington Post was published. Tillerson disagreed with the White House on a number of issues such as the Iran nuclear deal and the best approach to talks with North Korea. Gina Haspel will became the new CIA director once Pompeo becomes Secretary of State. She is the first woman to ever serve in this role.
Meanwhile, President Trump issued an executive order blocking Broadcom's hostile takeover bid for rival chipmaker Qualcomm. Trump cited national security concerns as the reason for interfering with the acquisition. Many experts speculate this is part of growing concerns over China's influence in mobile technology. Qualcomm is the largest mobile chipmaker in the U.S. Broadcom is currently based in Singapore but is moving its headquarters back to the states next month.
Olympic gold medalist and author Scott Hamilton joins us to talk about his figure skating career and his new book. In his book, "Finish First," Hamilton talks about how winning and losing has shaped him as a person. He also opens up about his numerous health struggles in the past few decades. Hamilton is a cancer survivor and is currently living with a brain tumor.
Plus, Kristen Scholer sits down with Brooklyn Decker and Whitney Casey at SXSW to talk about their start-up Finery. The two recently secured $5 million in seed funding for the online wardrobe company. Decker and Casey discuss the future of artificial intelligence and how the technology could potentially play a role in their company soon.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
President Donald Trump has fired one of two Democratic members of the U.S. Surface Transportation Board to break a 2-2 tie ahead of the board considering the largest railroad merger ever proposed.
Ford is recalling more than 355,000 of its pickup trucks across the U.S. because of an instrument panel display failure that’s resulted in critical information, like warning lights and vehicle speed, not showing up on the dashboard.
