this week, the at least stressful all hands meeting we've ever seen. michael ack ton smith, a serial interpreter and british knight tries to slow down. go behind the scenes of san francisco's charity with the founder, and a real estate expert wants to sell you a house with the family still inside. our reporters, syria lacy from pan do, and john sha wards from "usa today," this week on "press: here."

good morning, everyone. i'm scott mcgrew. i have some video for you that is just so northern california. it's the morning meditation meeting taking place at a san francisco company called calm. sales are up and flows are downward dog. the company is led by a fellow named michael ack ton smith. michael is serial entrepreneur from creating computer magazines as a kid to venting the popular children's online social network call emotion chicamoshi monster >> little child there says he hasn't got anything on. why, he hasn't got anything on? the whole crowd was shouting. >> we're joined by john schwartz

of "usa today." are you a knight? >> i got an obe. >> what's the difference. >> a knight is when you get the queen putting a sword on you. >> yes, and this is the order of the -- >> british empire. i got to go the bucking ham palace and i got this fancy medal and my mother is extremely proud? and she should be. >> like auto knight light. >> there was no sword. i think there was some arcane kind of things i'm telling you allowed to do in the uk. >> i said you were unlikely only to be the person who's going to get us to calm down, and take a breath, to think about what we're doing. you have been wily successful in so many different things. you don't seem like the person to sit still. >> i just love creating stuff.

creating this online world for children was an adventure, and now i want to take it to calm and meditation. won't to make it accessible for everybody. >> calm is having a moment in silicon valley right now. it's done very well. given your experience with mo chicago, don't worry about being bad? >> we had an incredible roller coaster. it grew really fast. we were the hottest thing in the playground and in the hospital the next. calm is timeless. it's a state of mind that sink valuable now. it will be in ten years, hopefully in hundreds of years. >> what made you decide tog from one extreme to something completely different? >> i went through quite a bit a stress and wasn't sleeping well and had a lot of headaches during some of the tricky times with moshi. and my good friend alex chu had

been meditating for many, many years. i realized that there's a huge amount of research showing how meditation changes our brains and improves so many different aspects of our life. so i was completely sold and absolutely love >> it i believe the idea doing these sorts of things, taking a moment, being calm works. in many flasz silicon valley i find that hard that people would actually adopt that. when employees come in to your office and you onboard them, if they're tape a, i'm going to work 17 hours, standard silicon valley stuff, are you able to pivot them or do you have kind of a frenetic office that just teaches? >> we moved in a mindful way. a lot of people need and find dmaelgs very, very valuable. a lot of people are skeptical and assume it's woo woo or spirit, but once you explain the science, they get people excited

about it. >> i tried think. >> the one you attach to your head? >> the one you attach to your forehead. you have two options. super mellow as of you're stoned mode which i chose. nothing to do with my personal life. would you consider the kind of other version to get people to work harder? >> do you think what i think? we might need to change our name if we did that. >> calm and wired. >> i think there's enough to out of it focus on with calm. so much stress and anxiety in the world that we have our hands full. >> a lot of people point to our phones being with us as part of what's driving all that anxiety, stress, depression. i buy meditation, but i meditate on my own. why is it better to have an app doing it? is this like blue apron where i will learn to make recipes and i don't need you anymore?

>> sitting down and stilling the mind is not easy. the minds are racing. if you have a teacher that you can sit with, that's valuable. but the next best thing is an app. we have a developer in toronto that writes our content. people love listening to her. we have the detail calm. you learn something new and people love that. >> are people having happier and more productive work as well as nonwork with an app like this? >> we believe so. a lot of science has shown that not only physiological improvement such as improving immune system, lowering blood pressure, but other benefits like increased attention and sleep. >> you said moshi monsters in london. but you did calm here. why the transition to san francisco, and in this day and

age, was it an easy transition? i assume you came before the trump administration. but nonetheless we've had a bit of an issue? >> we've had issues with brexit as well. california, wow, what a place to be. i have a u.s. passport. for alex and i thought the best city in the world to launch that was here. >> what do you think that will do to lto understan london tech? >> i don't think it's going to have to be too much of a negative impact, at least i hope not. >> do you think the trajectory would have been different if you had moved to silicon valley and done it here? >> interesting question. i'm not sure. i think we were very ambitious

with moshi. we thought we would continue growing up like this, so we learn some value lessons on the way. that roller costar has come down. it's relaunching and we'll be helping the feedback in london. i believe it will roar again. >> michael ack ton smith is the ceo of calm. i tried it, i enjoy the. i move on to other things. i found a way to fast forward it, but i will learn it. thank you for being with us. >> thank you. up next week, charity triesz shovel san francisco's transit problems with "press: here" continues.

is a terrifying prospect. >> it's becoming incredibly common and that's the biggest problem. it's not really about the kid sitting in a basement somewhere doing this anymore. this is about big, organized crime. they're going after absolutely everybody. >> these attackers are refining their skills detail to find new ways to work arn your security systems. but there are ways to protect yourself. >> the best case scenario is to have an effective security in place, protecting your network and miami. if a threat comes through, having a recent backup of your data is critical because you can recover that data. >> the worst way to find out about ransom wear is falling victim to an impact. we started getting calls to the help desk saying people tried to

open up files that were enkraptd. we're trying to figure out the situation my wife tells me her water broke. my only pons was, okay. >> barracuda made sure is it worst case scenario didn't turn out. >> we found all the files that had been encrypted and we just deleted them and i went straight to the barracuda backup. to the point of restoring to business as usual, it was sofd in under an hour. to learn more, visit barracuda.com. "press: here" is available as a podcast on itunes. welcome to press here. i added a new word to my vocabulary word.

legitimateny. a legitimateny i was familiar with the concept. jeepnys have been around for 100 years. a latest iteration goes by charity, small vans that pick people up for about the same cost as a city bus. he created a charity idea after graduating from y come binnator. he sold the operation to ford. ford bought your business, which was a business of cars or vans which ford makes in the first place. what did you sell to them. >> we are required by mobility in 2016. >> which is also owned by ford? >> correct. we created this service, a commuter service where commuters are crowd sourcing service areas

for them to get to work and home twice dale. >> would it be fair to say to trust in your particular system. the barrier to entry if you make vans is not very high? >> they're making the vans we operate. we're operating the service which is actually picking up and you don't give dropping off commuters in crowd sourced areas. ford is a 114-year-old company. they are incredible at making cars, but they as well as a lot of other auto makers are obviously seeing into the future and understanding that there are going to be other ways, there are other ways for people to get around cities, and they want to become a mobility company in addition to an auto maker, and charity is their first investment. >> there's been a lot of this going on with ford and jm. there are 80 companies working on self-driving cars.

i'm not convinced any of these companies can build software or consumer services. is there something like me are missing about being ford is gachkt advantage. >> charities aren't self-driving themselves. >> right but the whole movement of this is where cities are going and we need to own it. >> sure. i think there are companies very good making auto mobiles. i don't think there's a company that does both. you're seeing a converge of, we can do the hardware, let's look for someone who can to the software. in between the hardware and software, there's operation which charity has done a good job doing not only in san francisco but now in austin as an operationalizing and actual real service.

>> the one thing that swreegz me is your company is? >> three years. >> and you have 114-year-old company that you're partnering with. how does that work? how do you reconcile those two cultures? how does that mesh? >> ford started ford smart mobility a couple years ago to address just this. let's produce this unit of people that can think a little bit differently and draw the resources from the parent company, 114 years old but also be nimble many of you to quire, acquire, invest in companies like charity that can take us into the future as i have been constantly pressed, i've been to their research center. tesla needs to be concerned. it's like apple in the macintosh. it's a group of people who've been separated out from the

company who are free to think in any way they want to. they bought bikes, for instance. >> they're doing a ford go bike share in san francisco. nsa really exciting. but they're looking at a lot of differentiate things, and ultimately want the city to be a customer of ford smart mobility so that ford smart mobility can say here's a portfolio of skprukts services you ought to be using to become a truly smart city in and arn the tradition and charity is the corner stone. >> you got less bushback from san francisco than a lot of the other -- because there were other ones that cross the bridge at night or they have a luxury bus that all got shut down, but you didn't. >> no, we did listen to we from day one remain above board. the roads are governed by the

state, so understanding what the cpu krurks relations were was important as well. we hired our drivers. they're w-2 employees. from day one we've been contributing to the tax rules of the city and state. by remaining above board and not trying to do other things that may be in gray areas or shady, we were responsible stewards of the community. >> parking south of market in san francisco, i see this huge bus from cisco that picks people up and it creates a jam on bran in an. your shuttle seemed to be smaller. how many do they seat because they seem less obtrusive. and how many of them are there? >> the rule is we don't shuttle buses or vans. we call them charities. charity is using 14-passenger,

four transiting woon four. they can have negative externalties, these are vans. and these are very easy to use, white and yellow curb zones as opposed to having to petition and use red curb bus zones. they formed the perfect vehicle and i think that's another reason why ford was pretty attracted to our business modeling. >> eventually do you think things like charity are going to be part of companies like uber? in china we see dee dee operate lots of different things to make tradition easier. is this all going to get rolled up into the same company? >> i don't think so. he think different companies are looking at transit and mobility

in different ways. i think ford is saying we got this 100 year history of building amazing vehicles, and the technology behind that, so we've check that box. and let's invest or purchase companies and invest in entrepreneurs that can operationalize and wasn't stay on the forefront and the frontier of technology and give them enough independents to do so. >> you're in austin. where else would be logical. in san francisco it's hard to get from the marina to other places. >> a city that's looking to reduce congestion and get out of their cars. the vehicle occupancy rates are too high. we'll be in eight cities by the enof the year. >> founder of charity, thank you

for being with us. >> thanks for being with me. a entrepreneur sells you a house you can't live in when "press: here" continues.

buying a regenerate sproot good way to make extra must be. the money you charge rent covers the mortgage, maybe a little more and an investment. the problem here in the bay area is most of us are barely inferior our own house much less buy another. so you could buy a house somewhere else and rent that house. affordable homes in places like tennessee and texas and florida. this is a website called roof stephen stock, and it's the brain bhield of a real estate expert, gary beesly who founded company. gary has long experience in real estate including hotel the.

florida, tennessee, texas, because they're unexpensive. what might you choose those markets? >> first of all we're trying to go to markets where people want to live. we look at economics of these places that is having rental demand. we look at places that have reasons for people to be there. and the returns, the rental yields quite good in the affordable housing market. zblauf high demand in a low house price. you already got that research? >> you mentioned the income typically covers your expenses and a little more. often it's a lot more. the unlefrd yields are 5% or 6% or more unleveraged. it's attractive. it's also quite stable.

>> how stable a market is this? how many people can afford to this? >> there's about 16 million rental homes in the united states, $3 trillion of assets. a tenth of the housing stephen stock is rental homes. >> what percentage of those are owned by somebody outside the state? >> i can tell you that 70% of all rental homes are owned where the owner lives within an hour's drive. conversely through roof stephen stock, 93% of our buyers through our site are buying further than 500 miles from where the property is. it's the exact opposite. >> we're not just talking about your purchasing home and renting it out. you're literally purchasing a home that still family in it that is currently renting. you're buying from the landlord and you're the backgrounds new loord. >> what's nice is people don't have to move out. one of the big issues when i was

doing the institutional single family before, we didn't know how we were going to get liquidity because we didn't want to move everyone out and sell homes. and then people buy them and find new people to move in. it was quite disruptive. >> what are the cities? >> atlanta, extremely popular, carolinas. we're going and getting a bunch more inventory. memphis is a perfect example. >> the south for now? >> we were in zmoern southern exactly, women and children in las vegas. florida has been quite interesting. there's all sorts of different narcotics florida that are good. >> i want to buy a house in memphis. my family is there. something like this seems like not the solution for me because you don't want to just a home just as an asset.

i want to be able to go in it and stay in it myself. can i buy the home and kick the people out out of the site i want to live you. >> very high tech and san francisco of you. >> to help my ailing mom, scott. >> in your opening soliloquy, not entirely correct. you can of course live in the house. but the people buying the homes through our site are typically not buying them to live in. >> the idea is that the family has a good history. >> we are having some people buy homes that have a long-term intensifying living in that market but they want to rent it out for a few years. you would just not renew the tenant. >> gary, you supply the management as well? i'm not going to get a call in the middle of the night that the toilet's broken. >> you as an investor can make your capital allocation decision through roof stephen stock, have a nice diverseified portfolio.

we have employees -- we certify them. you can rest assured we stretd property manage. we vetted the tenth and the house. those are kind of the three legs of the stoochlt you don't have to worry about the toilet or repair and maintenance issues because that happens locally. >> can i view the house somehow online? >> you can see it only. fundamentally we're trying to break down the geographic barrier to buying real estate. we have on our site a complete inspection report that has photos. we do 3d maps, you can see a 3d tour on the inside of the home. wisconsin buying homes for my last company, there were two reasons we needed to get inside, to see if it's a weird floor pan

or good. and how much work is it going to take. >> you can monitor it on a weekly basis? >> you guys are creepy. >> you're the property manage. you mentioned beijing. i would imagine that there is -- there's a lot of money coming up out of the china. seems like a logical place to put it. >> whether you're in bindle or anyone in the world. >> how many of your investors chinese. >> quite a few actually. so far about 80% of our buyers have been institutional buyers, some have been foreign, some domestic. the balance is individuals that are buying a home like us. to get the marketplace started having institutional investigators come from all over the world is a great way too it. it's been pretty popular. >> we live in the samt hillsboro

border. there are quite a few unoccupied houses from buyers in china. >> we're not huge fans of empty homes and neighbors. i don't think it's great for the community. the homes people are purchasing through our site are lived in by families. i've said from the beginning it's a financing decision whether someone rents a home like a car. >> gary beesly is the ceo and founder of roof symptom. we appreciate you being with us this morning. "press: here" will be back in just a moment. hey you've gotta see this. c'mon. no. alright, see you down there. mmm, fine. okay, what do we got? okay, watch this. do the thing we talked about. what do we say? it's going to be great. watch. remember what we were just saying?

go irish! see that? yes! i'm gonna just go back to doing what i was doing. find your awesome with the xfinity x1 voice remote. that's our show for this week. my thanks to our guests this

week. we talk to charity first downer about working with forand at the top of the show we learned entrepreneurial lessons from michael acton smith. all those interviews are available on "press: here".com. i'm scott mcgrew. thank you for making us part of your sunday morocco. morning.

damiato "comunidad hellodel valle."e i'm damian trujillo. and today, a tardeada by teatro vision, plus the hola run, and the consul por un dia, on your "comunidad del valle." male announcer: nbc bay area presents "comunidad del valle" with damian trujillo. damian: we begin today with forgiveness day. that's at the san jose public library. elizabeth castaneda and nancy macias are my guests here on the show. forgiveness day? i mean, what better way to title a program like this. welcome to the show. tell us about forgiveness day. elizabeth castaneda: so, basically the library's going through a lot of different types of access programs they're offering to the public, and so we want people to have access to all their services, all the books, and materials, the online learning services that we offer. and so, we have been starting new programs and just kind of getting them going. and so, the forgiveness program you're referring to,