i. we know trump does not support green energy, he's called for a boycott of apple products even wants to end age

one visa. he likes twitter to twitter gets a break. our friend is not particularly political, but knows a lot about high-tech adventure capital. managing director at general catalyst. we asked him on to get his thoughts this week. "new york times" and john schwartz of usa today as well. let me just start with a where were you when you found out that donald trump was going to be the next united states. i was at a dinner. i had put my phone down at about 6:00 p.m. and picked my phone up at 8:00 p.m. and had 20 texts with people freaking out and i was saying how could it be overover so fast. >> i went to sleep. when i turned on my phone it said can you come in material dow is down 800 points and i said oh, all right. that's how that turned out.

john, what about you? >> there's a 20 minutes window the numbers were coming in predictable then started walking through the bureau and people saying what happened, what went wrong. her lead in florida flipped. that happened around the time the other states started falling. like a domino. we missed something really big. >> "new york times." >> i was flying across the country and i sort of check in every hour, this isn't going as planned, oh this is definitely not going as planned. >> i was crossing over all these red states. >> see them turning red. >> i admit when i saw the 20 minute window i was thinking did the russians hack the election. did that move the numbers over? >> it was an apothought in my m. >> we'll work with the presidency as best we can.

accept it. sleerlly we kind of picked the wrong person here. what do we do now? >> i think first and foremost we have to figure out a way to build on the last eight years of progress. that's going to be hard given that the value was so particuolg in terms of who they are supporting. >> are you saying in terms of investor. >> no, i'm not. i'm thinking about well a lot of silicone valley today is in regulated markets and disrupting traditional businesses. you do need cooperation with d.c. we need to figure out how to build a bridge between d.c. and the valley and as much as it's incumbent on trump to figure out ho to get the best brains to participate in team, it's also incumbent to reach out. >> there's a massive disconnect between us here and the rest of the country.

>> there's a very common ground, money. this is a guy who likes to do deals. there's so much money tech companies have tied up offshore and you two could come together so easily by saying you want to reward the midwest con sitwhen si. we have a lot of cash. let us repatriate it, 15, 20, 30% goes to infrastructure in the heart land. >> that's what i was going to say. infrastructure idea. >> by pass it as a tax object all together, it's a donation. >> i think coming up with ideas like that that build that bridge is going to be important. >> that's floating. >> that's right. >> does peter thiel have advantage on you now. >> i don't think so. i don't think we think that. our job is to find amazing entrepreneurs and back them early. you're not thinking about the president at the time. i've been doing this for 15

years. >> you'd rather have the year of a young mark. >> it's too big and old to get the initial acceleration from an angel investment. >> impactly. indifferent is really the point. >> is there a concern in the tech community. he wants apple to build hardware products in u.s. rather than china or india. and also this idea he has a very hard line stance against mergers, at&t time warner. what impact. >> there's a couple of things in there. one is jobs. one of the things that is about the election is about jobs in middle america. the goal is not to bring back jobs that are competitive jobs. so to bring back manufacturers that's not really what we should be doing. telling apple to bring the jobs jo on shore, sort of in that sense,

that's not the right way to think act it. we need to train the population about what are the future jobs and make it competitive and innovative in terms of market leadership and businesses for the future. i think in terms of the markets, the cash could in theory accelerate some of that activity if you will. having said that, it's not that hard for tech companies to get debt against balance sheets sitting overseas and do it anyways. >> it's a signal. >> another thing to think about is how he conceives the world and what that means for things like borders. if we start to move to high borders and walls and various kinds, little or figurative. we're going to have to start to worry about things like data transfer across borders. that will affect the machine learning and industry because they want to collect the data into one place.

privacy angle -- >> benefit how you engineer that. >> that's not even necessarily occurred to him. we have tried to look over policies can't find anything. europeans have done that to us. >> best as i can tell, i don't think he understands the issues. we have to build a team to get the new administration up to speed on what's going on. >> i'm not getting super granule here. he's thinking there's a thing where trade is concerned on immigration. >> i have to go to tv commercial. i want to give do you last question. we nominate you. you're going to walk into the oval office and say you've got an elevator pitch. mr. president, here's what you need to know about silicone valley to make it successful. what do you tell him? >> i think you need to tell him about investing in invasinovati

investing in a team that truly understands sell co s silicone . make sure no interest of violation. today all the stuff is done in software. where is the software department of the new administration that really understands what we're doing in silicone valley. there's a lot of great stuff happening here. in order to build properly, that clab nation needs to be done. he needs to invest in building a bridge with silicone valley and vice versa. >> just framing it as a way of getting rich it will speak to entrepreneurial soul. >> i'm going ask you that question. often times you hear well what we need is a crow. t ceo. the government is not a business. it's an anti-business. completely different than business. i'm not saying he's not going to be a good president, but being ceo does lend itself to being a good president.

>> well, it does in the sense as long as you build a good team. >> right, and leadership. >> he ran this election by not listening to his team he's not that good in public. he will have to build a team that is stronger and look into them. that's the rule of a good ceo. >> adventure capitalist with general catalyst. >> we continue our look at the election of donald trump up next. the stock market does exactly the opposite of what we expected. we'll psycho analyze investors coming up next.

welcome back. oxford economist warned us if donald trump was elected we would sink into recession. won a nobel prize, warned about it as well. with this warnings rattling around, the night that donald trump won the election, the dow futures fell 800 points. more than what we expected after the 9/11 attacks. at the opening bell wednesday morning the markets moved higher, a 1,000 point swing from what was predicted to what we got in the day the dow hit an all-time record. when we don't understand the stock market and that's all the

time we turn to to doctor mayor at santa clara university and expert on behavioral finance. can we start with what in the world happened the night of the election? dow is going to just plummet 800 points and ends up positive. >> people expected a decline and people talked about 3-5% is and perhaps more. it seemed like it was going in the direction of those predictions. i imagine that by morning people were thinking about it and having themselves which industries, which kinds of companies are going to do better under trump. >> pharmaceuticals. >> prisons. >> and so they said, well, let's see. pharmaceutical companies are going to do better because they're going to get less pressure on prices. prisons are going to do better because we're going to have or

trump wants to put many people in prison. illegal aliens. then others for example health groups, hospitals get worse because the benefits they have under obamacare might be reduced or eliminated. >> was there a flash point, the acceptance peach which he tried the president elect version versus the candidate, did that have any effect. >> people said that was the dividing line, but i think that it went up from the minus 800 kind of gradually. i think that's what happens. people kind of catch their breath, think about it a bit more, and say well, maybe it's not that bad. it might be bad politically. it might be bad to my sense of ideology, but in terms of the business and in terms of stocks,

it might be this is a time to buy pharmaceutical. >> are you saying that basically markets aren't as rational as everybody makes them out to be. >> markets are semi rational. markets are normal. you can describe them as being moved by a steering wheel that has kind of two drivers. one is that rational driver who looks at fundamental, what will it do to the pharmaceutical industry. then you have the driver of sentiment. not irrational, just how optimistic are you. how pessimistics are you. >> right know we have not a lot of knowledge or depth about what his actual policies will be because he never really issued many policy papers so the emotional side has a greater. >> i wouldn't say that. if this were the case, you would have seen markets go down as a group, but you don't see that. you actually see those

differentials across industries which suggest that people in fact are applying it will fundamental side, the rational side, and saying who is going to benefit and who is going to lose. >> let me ask you an emotional question about yourself, what's been the most surprising part of this to you? >> first, the results of the election was truly a surprise. i teach my students about hindsight and dangers of hindsight and i catch myself reminding myself i did not know. i admit i did not know how things would turn out. >> well, markets reacted to surprises, too big surprises and this was arguably the biggest presidential surprise since 1948. >> and people were trying to make sense of it. >> just if you indulge me a second. looking at elections since 1901. 13 times the republicans won the

hat trick. and maintained the senate. ten of those 13 times, dow was up at the annualized gains were 8% for the year. perhaps that takes a longer term for you. >> perhaps. i'm suspicious of those patterns. >> it had to be something. >> oh, no i'm not suspicious of the numbers. just suspicious of the rules of investing that you draw from that. >> the algorithm. >> speaking of algorithm, doctor, i realize this is a very basic questioned for a learned professor we need to remind the folks at home the stock market is not the economy. the economy is not the stock market. what do you make of these calls that the economy over the course of donald trump's presidential service will run into trouble. >> that might well happen. we don't know that.

that has been the stock market is one of the leading indicators of the economy, but it is a iffy leading indicator. what happens next is yet to be determined. i wouldn't venture or guess as to where it's going to be. >> a new book coming out. i enjoyed your first one. this comes out in april. finance for normal people. >> please come back in april. we'll talk about the book. >> thank you very much. >> from santa clara university. up next, why the biggest tallest rocket may not win. the press here continues.

welcome back. there will is a new race for space. you're familiar with space x. amazon has a rocket company called blue origin. as those companies get bigger and think bigger, working on biggest rocket ever, space x. thinking small. a launch by a company called space system. small rockets carrying small satellites into low earth orbit. how small is small? falcon nine from space x on the left. upcoming falcon heavy on the

right. there in the middle is a vector space rocket. ceo and co-founder of vector space systems. long career in rockets includes stint in first vice president of the business development at space x. let me ask you the question, if you want the get into space, you should have stayed at space x, right. >> the dna in this business is pretty thin. not a lot of people in the rocket business. a lot of us have gone back and forth between various companies. >> why start your own as opposed to staying with what we now know to be the microsoft of rockets. >> so let's go back to that era. elon called me out of the blue in 2001 and had nothing to do with rockets. wanted to send a mission to mars to show for multiplanetary species. i i was a soviet rocket. trying to prevent scientific

brain drain from leaving the country. i was a bit of an expert on that. he knew he could buy russian rockets for cheap. that was his budget. >> you were his russian rocket guy. >> yes. >> so he got ahold of me. i grabbed another co-founder, john gar havevi we put together mission for him. grow a plant on the surface of mars using a russian roegt to get it there. went to moscow with mike griffin. went to buy the rockets. visit two different companies. they literally treated elon as if he wasn't serious. told him one called him a little boy. the other spat on his shoes out of disrespect and quite a humorous time and we left and got on the plane and mike and i were ready to leave and will elon had been working on his

computer on the plane and turned around to us and said you dpguy we can build this rocket ourselves. there's a whole graveyard of people who said the same thing and tried the same thing. no, i've got a spreadsheet. we start making jokes, but what had happened, elon in the process of doing this mission study for mars had been hanging around with john garvy and john was building rockets. sgll fast forward to vector, your rocket system. you went small. is there a market for how small is small as far as the satellite you're lobbing to orbit. >> if you look at how things have changed, it's a lot like the phones in your hands and pocket. >> there are functional s satellites that only weigh 50 kilogram sgls your local company called planet is launching five gram satellites by the hundreds

and taking earth imagines. >> that's big. imagery stuff. what are some of the other uses. >> can be either communications, g goe location of ships. >> what do you think that's worth all in. >> worth? >> how big an industry is it. >> so the overall industry is inching up close to half a trillion dollars. >> when that happens, you start to get people in. i know all of us have been met with ceos who have a scale model of something, artist rendition of something, how do you tell who is the real deal. >> that's the problem. invest are sometimes right and sometimes wrong. really a complex problem. it's a complex piece of hardware to make. really depends on the team and timing and technology. >> the old nasa days would be a

bunch of guys on stepladders making one rocket and a contract this big to blow it up essentially. now are you working on sort of a more manufacturing basis where you have a factory cranking rockets out. >> that's a very good point. one of the things about vector that's unique is the fact we're planning to mass manufacturer ror rockets. to do that you can't start with large. you need low complexity and low size. space x is very large. they have to assemble them horizontally. take up a hanger the size of a 747. you can't build more than 10 will have 20 a year unless you have a factory for rockets. we're looking at weapon systems. >> how many rockets a year. >> we're going to build 100 a

year. on the upwards of 7-800. >> there's more than enough demand for that. early market signals to the point we've sold 106 launches already. >> good. >> life is good. >> you have not launched into orbit yet. >> not yet. >> you experiment and as you development didn't we invent rockets 50 years ago? how is it that you don't know how to build a rocket? that's an incredibly naive question. >> people think of rocket science as being complicated it's really not in my opinion. >> you're a rocket scientist. it's a special case of an automotive engineer. it's fuels and oxygen come together to create a temperature and it burns. a lot of other stuff like computers and stuff have come along. we've taken advantage of the advance in materials, our whole entire vehicle is made out of

kor bo carb carbon bi carbon fiber. >> ask you about in terms of building and launching always that spector or the possibility it might not go well. >> you have bad days. >> is that going to deter into companies like yourself taking advantage of the opportunity out there. >> it always is. the biggest deterrent is how much money people have to put in to get rockets built. truly purr portional to the size of the rocket. >> engineers for a giant explosion is what. >> a rapid unanticipated disassembly. >> sounds better than woops all the money went boom. >> we wish you the best of luck. >> rocket scientist. back in just a moment.

that's our show for this week. you can find this show and past shows at press tv.com. even better on i tunes. thank you for making us part of your sunday morning. tv.com. even better on i tunes. thank you for making us part of your sunday morning.

valle." i'm damian trujillo, and today, the luchadores they're here in our studio, ready to throw down on your "comunidad del valle." male announcer: nbc bay area presents "comunidad del valle" with damian trujillo. damian: we begin first, however, with a never-ending problem, especially in the latino community, that is diabetes. and this is diabetes awareness month across the country. with me is a clinical psychologist and staff member of the faculty there at stanford university, dr. diana naranjo here on our show. welcome to the show. diana naranjo: thank you. damian: so, talk about this dilemma that we're in. i mean, we're doing as much as we can to try to help our residents cope with being diagnosed with diabetes. but i mean, it's a never-ending battle, it seems. diana: absolutely. and i think that in diabetes awareness month, one of the first things that i really tried to distinguish between is the