MSFT Won't Raise Salaries, PAC Plummets, JD Beats Earnings

Microsoft (MSFT) won't raise full-time salaries this year. Jeff Pierce discusses this as MSFT notes that it will still offer promotions, bonuses, and stock awards to full-time employees. MSFT says navigating the economic environment and a platform shift "requires us to make critical decisions." MSFT hit a 52-week high yesterday of $313. He also talks about PacWest (PAC) which says deposits declined 9.5% last week. The company says that the First Republic sale sparked "customer fears of additional bank failures." He then highlights JD.com (JD) which reported better-than-expected 1Q earnings. Tune in to find out more about the stock market today.