is >> the substructure on the peer is, fill in the blank. >> seismically up to go. however, there is deterioration from being in the water over time. so, >> so code meaning it was a warehouse at? >> originally it was used as great or good storage. which allows for an occupancy loading of 250 square-foot per person. there is deterioration on it so requires normal maintenance. it hasn't been completely renewed but is seismically up to code which is a good thing. >> can you explain that if we turn the whole peer into public assembly what does that mean for being seismically up to code ? this why the engineers help. >> if we intensify the usage such as public assembly the substructure is already up to code. however, the superstructure, which is basically the building on top of the deck, would have to be brought to current seismic code as well. which may cost $6 million or $7 million. >> so, a year ago we were thinking it would be less, but there was think it would be less -- but it is potentially an opportunity for the port to invest its revenue bonds, maybe some revenu

peer-to-peer lending? create a real opportunity when you see the way that things work and how the markets are actually going about funding different types of lending and borrowing. this is another good example. not to say you will see a host of these borrowers defaulted on their payment on the peer-to-peer side. what it does speak to is that perhaps the risks are not being appropriately measured on the deal is originally done. that is the beginning of all we talk about when we say you are seeing too much froth in the credit markets. stephanie: thank you for giving us the top three. matt: taking a look at three stocks on the move of the open here. we kicked off with mcdonald's. >> mcdonald's investors are loving the news from what they are hearing. shares are now reacting up about 1.2%. the burger chain posted earnings of $1.26 a share. that beat the street estimates of $1.23. q2 comparable store sales did miss. the ceo did add that the company will return to growth in the second half of the year so we will

. >> and some of my peers, and this is what i did observe, a lot of my peers who could beat me at chess, who could, you know, learn other things way faster than me, all of a sudden they hit a wall in algebra or all of a sudden they hit a wall in trigonometry. and my -- you know, i observed this throughout my own academic career is that for the most part they were lacking the foundations or they just didn't have the time to really digest things. >> or were they not taught well? see, that's the part that i wonder. is this about the ability to learn or is this about the experience of not having been taught properly? >> i think it could be a little bit of both. i think what happens, especially in something like math, but it's true to some degree in all subjects, you can have amazing experience, you know, in first grade, second grade, third grade, and then all of a sudden in fourth grade maybe you have a teacher that you don't fully connect with, but maybe it has nothing to do with the teacher. maybe you got sick, maybe something happened at home -- >> correct. >> and you lose track of -- ma

they are inspection and they peer review the science. it is a public process public comment hearings telephone calls they can join. then ksac provides advice to us and we take a look at that and then the staff integrates what our regulatory standards are that are the basis of our judgment of what that science means. then they actually propose to the administrator, usually a range of standards that i might consider that they would think would be appropriate on the basis of the science, recognizing that i have to look at what's adequate to protect public health and safety with a margin of safety. and so i have to look at, also adding to what they give to add my policy judgment. and so the process is a lengthy one. it takes years to develop. the body of science is robust. it is looked at with public comment by independent peer reviewed scientists. in the case of this ozone standard, they clearly articulated they thought the current standard of 75 was not adequate to protect public health and welfare and they indicated that i should be think

they had lunch across the street from peer 14. i asked them if they saw the gunman, they didn't but mom heard he was trying to -- [ indiscernible ] >> we don't know. we were walking. there was a pop. kate went down. we were concerned about her. >> she died at the hospital. the parents want it that can the first responders and the doctors who tried to save her life. there was late word today an arrest was made in this case. her parents said they are glad this person is off the streets. >> difficult time for those parents. did they open up more about their daughter and her passions and likes? >> reporter: they only gave us 5 minutes of their time. they are grieve. they said she was full of life. in the prime of her life. she liked to travel. they didn't explain too much. they loved her very much and they will miss her very much. >> difficult time, cristina rendon, thank you. >> the latest on the investigation. all day long investigators were at the peer looking for evidence in the water. the suspect is from texas. ktvu's noelle walk

and because really mark steyn has no peers in my opinion in the commentary game. he is simply the greatest writer of the english language in the western world himself insight his wit his laugh out loud funny lines are really -- there's no peer for that anywhere and a lot of columnists in the world that write for a living probably know they're not mark steyn's peer either. but we still have to read them. but it takes me five times as long to get through a piece boy mark steyn than a normal column and that's because you start reading and then you stop, and then you back up, and then you read that passage again. oh then you back up and read it again. and then you call your spouse, honey, come here, come here, got to read this to you please, sit down. and then you both laugh out loud at what mark steyn has written ask think you think wow, such brother, and nobody in the world that writes quite like that. and i'm sure there oar people in this room that read mark steyn that i would. he is also a man of veried talents and interest. a coinsurer of show tunes. mark stein s

peer-on-peer is more complex and i will to study to see what techniques could be used. >> this is an ongoing area of concern for many of us on the committee so thank you for whatever you can do to improve the situation vastly. >> thank you, mr. chairman and thank you general. it is great too you in front of the committee. i want to thank your wife for being here as well. thank you for the support you have given over 30 years for your husband. i will not ask about the national guard. we have had very in depth discussions in our office and i thank you for the willingness to work with the wonderful national guard and those great young men and women that provide a great support system to the active component members. thank you for that. i wanted to mention the ties between the active component and the guard. we do have our secretary bct from iowa rotating through jrtc right now. we do appreciate that partnership. i want to tag on with a little bit on what brought up in regard to the cases of sexual assault in military. i was at the west point visitor board of meeting yesterday and this w

. >> reporter: francisco sanchez was able to be on peer 14 wednesday and now there is a lot of finger pointing about what could have been done differently. one reason san francisco has a policy is to encourageuds tuesday comer ifward with information about -- to encourage undocumented immigrants to come forward with information about crimes without being punished. noelle walker, ktvu fox 2 news. >>> the laws are varied when it comes to dictating between how much cooperateicating with -- cooperating with officials. ktvu's allie rasmus shows us what attorneys of one family says history is repeating itself. >> reporter: he is talking about the family of tony. he and his two sons were shot and killed in san francisco. the shooter was a undocumented immigrant and gang member. under an ordinance only people wanted for violent fellancies could be turned over to immigration officials and the sheriff's office is able to use discretion. >> that is not the way democracy works. >> we don't want to create, you know, reasons to incarcerate more people and deport more people. >> reporter: he says th

they are independent and a peer-reviewed the science. a public process, public comments hearings, telephone calls. and then case asked provides advice to us as we take a look at it that and the staff also integrate what are regulatory standards are that are the basis of judgment of what that science means. they propose to the administrator usually a range of standards that i might consider that as a with thing would be appropriate on the basis of the science, recognizes i have to look at what is -- with a margin of safety. i have to look at adding to what they give to add my policy judgment. the process is a lengthy one and takes years to develop. the body of signs is robust and looked at with public comment by independent peer-reviewed scientists. the case of the ozone standard, they articulated they think the current staggers of 75 was not a way to protect public welfare and said i should be thinking about a range of 60-70 ppb as the most appropriate ace on the science available. database of the science available which is well understo

. >>> a decade old policy at the center of the peer 14 shooting. the man defending the acting- the suspected shooter are telling us about the we are back to our coverage of the sanctuary city policy to blame for the death of kathryn steinle appear 14. the accused killer is an undocumented immigrant, francisco sanchez, they wanted to do for him, but the sheriff's office released them onto the streets. his lawyer, public defender jeff attach a joining us live in the studio. you are representing a man that many view as pure evil. what is that like? >> there is a lot of speculation and stories going on out there. what we know, the god on the peer the gun was wrapped in a t-shirt under the bench. he picked up the gun, and he said the gun accidentally discharged. he did not know kathryn steinle and he had no motive to hurt her. this is not a close range shot. it was some distance.>> we heard reports that police that he was initially shooting sc alliance. >> again, that is only thing i can comment on, he made it clear, he had no intention to hurt her. he

they are independent and they peer review the science. it is a public process, public comments, hearings, telephone calls they can join. then ksac provides advice to us and we take a look at that and then the staff integrates what our regulatory standards are that are the basis of our judgment of what that science means. then they actually propose to the administrator, usually a range of standards that i might consider that they would think would be appropriate on the basis of the science, recognizing that i have to look at what's adequate to protect public health and safety with a margin of safety. and so i have to look at, also, adding to what they give to add my policy judgment. and so the process is a lengthy one. it takes years to develop. the body of science is robust. it is looked at with public comment by independent peer-reviewed scientists. in the case of this ozone standard, they clearly articulated they thought the current standard of 75 was not adequate to protect public health and welfare and they indicated that i should be

department nor the body should be blamed or be the cause of what happened to the death of the woman at peer 14 the other day. it is ridiculous to point fingers in that direction. there are a lot more questions to be asked and answered before you go there. first i want to say a lot of colleagues in the [inaudible] are in sacramento today lobbying against 2 bills that should never have been before the state legislators in the first place and it want to say i have resmeckt and admiration for the comment and written articles by colleagues here and what they have said. others here have basically turned the back on the taxi cab industry and think it is important you start looking at issues. why is there a vacancy on the sf [inaudible] the other issue icize the traffic. if you can't notice how bad traffic has gotten especially during the peek hours and peak hours expanded in the afternoon it is atrushs and extended into the evening hours. it is horrible. the company at 1455 market is a swear word. if you ask how many people actually come from outside the city to do that job of using the apps, you

you have peer pressure. you have social media. you have a lot of these mothers living in poverty and there's no -- a lot of conditions they're in. a lot of people expect something to fall out of the sky and we don't have a strategy to uplift this population of women. they have done a great job right, but we haven't ended poverty in america and in d.c. a lot of the moms are being pushed out. a lot of anxiety kicking in. even our younger girls now in d.c., 30% of the lockups in juvenile court are young females. most of them for violent crime. that's because we haven't dealt with the fact that hurt people hurt people and a lot of the parents are dealing with a lot of pain and it's reproducing itself in our community. >> you guys feel the same way in terms of the challenges i think that single moms out there are facing right now. >> yeah. it's pretty much a struggle. not only are we dealing with those things he talked about, teenage pregnancy, there's domestic violence, there's violence within your peers. there's all kinds of things a

>> rob, it is the east bay version of peer 39. rob roth, thank you. >>> new developments after a stairway collapsed, killing a san francisco man. the explanation about what went wrong. also ahead, did you know disneyland doesn't pay taxes on ticket sales and it won't for decades. >> the olympic torch caitlyn jenner carried through tahoe goes up for sale. >>> it is official. latinos make of california's largest group. 15million latinos compared to 14 million whites. the census didn't release the numbers till a few weeks ago. latinos began to outnumber white californians in 2014. >>> judge's ruling canceled the washington redskins trade mark registration. the judge ruled the name may be disparaging to native americans. the team argued the cancellation of the trade marks could hurt the brand and remove legal benefits. >>> in southern california the city counsel voted last night in favor of extending tax breaks for disneyland. >> people have to pay taxes. why don't you honor everybody if you are going to honor mickey mouse? >> the vot

traditional lenders are getting in on the game as well when it comes to peer-to-peer lending.od to tell you how people want to disrupt the disruptors. ♪ scarlet: p two has disrupted the traditional lending industry. betty liu joins me now to discuss. we are not talking about traditional banks like jb morgan. no, this is a company called loan depot dock -- loandepot.com, and they have been able to make aliens and billions of dollars in loans. this is the hot thing. scarlet: like your lending club or others? betty: lending club was an ipo just a few months ago, so these join the big banks, but the big banks want to fight back. they are coming back to try to disrupt this. non-bank lending, though, and -- scarlet: and the market overall. yes, the market overall, goldman sachs put out a report saying that the loan market is worth $11 million -- $11 billion, that is just a fraction, but it is a growing fraction. while iteer lending, is hot, lending clubs, they -- they zoomed up and now below its ipo price. there are questions as to how viable they are when you get banks coming back

we are at peer 50 behind at&t park. all the work in getting the fireworks show is done on the barges. crews are packing canisters with fireworks. but we are told everything is on schedule for tomorrow night. >> 30. >> 30 people spent most of the day on two barges here at peer 50 packing fireworks into tubes so that tomorrow night -- >> 15e. >> this -- >> goes up here. >> reporter: will look like this. work crews creating two sets of fireworks set to go off on the two barges, anchored near peer 30. the producers are keeping quiet about what it will look like. >> music is different. the way they will be performed is different. tricks up our sleeves. 25 minutes of fireworks. >> reporter: she a fireworks show producer. he says the show programmed in a way that if the fog makes an appearance it won't cloud people's ability to see the show. >> chances of some fog is always possibility. we use the big stuff and focus on the mid-range, 500, 400, 300 feet. and we have been successful in making those visual no matter what happens

back out here live at peer 39 in san francisco, i have seen an increased police presence. given the large crowd, it's pretty rowdy. for the most part, visitors said they felt safe out here tonight. back to you.>>> the fire -- the fireworks over, looks like the fireworks are still going on. -- party is still going on. >>> evacuation orders lifted in the face of a wildfire that destroyed two homes. the rail canyon fire 40 miles northwest of spokane has burned 800 acres since it started yesterday afternoon. firefighters say the wind is carrying the flames away from home. a ban on fireworks remains in place. a family of ranchers says it is concerned and is prepared to leave. >> this is the first time i have ever seen a wildfire. >> the ranchers say they have been through this before and would let their livestock loose to run to safety.>>> the family of a woman shot to death on the embarcadero says they are planning a memorial for the young woman next week. kate steinle of san francisco shot to death wednesday night as she walked on peer 14 with her father. police arrested juan

joe: we have this story on bloomberg today that blew my mind about online peer-to-peer lenders.y offer people the chance to loan money to other people. how confident are you that this is not going to keep rippling and crashing down? >> we were talking to institutional clients saying let it wash out. where you want to be positioned to play this volatile story is in the consumption exposed etf's. investment vehicles with a bigger exposure to the consumption, retail, to harnessing that component rather than the bigger funds focused on the banking system. alix: we talk a lot about china, greece, what is the crisis we are missing? >> it will not be the fed. we have seen this coming. i'm not expecting a "taper i'm not expecting a "taper tantrum". you are a big oil expert. if oil goes down, it has a deflationary force on u.s. inflation, which could be a liquidity trap. what we are not talking about is the dynamic of the entitlement system. we still have not resolve that. in june, the cbo came out with a long-term budget outlook for the u.s., and it is not pretty. that is where we need

however, peer reviewers were so enthusiastic that they were asked to put the monday script in a full-length review. head of the partnership for faith and development and coordinator of the joint learning initiative on faith and local communities. and at your far ride nina smith will moderate today's session. past co-chair on hiv/aids. ladies and gentlemen, the panel. >> [ applause ]. >> thank you sop for hosting this important event and to bill for the introduction. i wanted to ask one question. probably would need to get back to the microphone. but this entire series would not be possible without all your support. and i just wanted to hear from you as we start this discussion what your goals are in terms of how you want to see the material that's being used and how you would like to see what you are supporting through this effort. >> thank you. the founding of the lancet set out with two purposes. to inform and to reform. so the name lancet means both a surgical instrument and narrow window. he wanted to cut out bad practice and shine light on good practice. and i think that still collects

many college campuses use the idea of peer education or peer menotoring as an effective tool to elicithange on an issue or inspire advocacy. the idea that your peers are a source of not only support, but information, becomes a powerful tool moving forward. so with all that being said, is sex education in the states' interest? after understanding the roots of it, would anyone like to make and argument that sex education should not be in the schools? why do we not trust parents and communities or peers to do this work? yes? >> nothing is standardized. prof. chatelain: ok, nothing is standardized. >> we can't assume everyone has sexual knowledge. you also can't control the conversation between children and parents. prof. chatelain: it's an assumption that you don't even know if it is happening. what else? what are some of the cases for this? yes? >> i think it brings up a bigger idea about the family being sort of a -- considered sort of a traditional conservative avenue, whereas school education is considered more progressive despite banned ap history and all that stuff. i think that is

can be used to him naet peer on peer retaliation. >> this will be and ongoing area of concern iffor me so thank you whatever you can do to improve the situation vastly. thank you. >> thank you, mr. chair. and thank you general milley. it's great to have you in front of the committee today. i want to thank your wife for being here, as well. thank you for the support that you've given over 34 years or 30 years for your husband. so thank you. i won't ask about the national guard. we have had some very in-depth discussions in my office and i thank you for your willingness to work with our wonderful national guard and all of those great young men and women that provide great support system to our active component members. so thank you for that. just wanted to mention we do have -- you mentioned the tie as between our active component and the guard and we do have our second bct from iowa the iowa army national guard rotating through jrtc right now. so we do appreciate that partnership. i want to tag on with a little bit the on what senator hirono had also brought up was the cases of sexua

and paypal could enable peer-to-peer payments. it is painful to lose a great leader, and i love david and i was the one who appointed him and coached him and was his biggest fan. but these companies and these businesses change fast and his torture "dignity to go out and find out who's the best leader for the next five years to maybe 10 years for paypal. and dan shulman is badly. he brings a unique set of ground -- background and capabilities to paypal. he has mobile experience, he is technology experience, he understands payments. he is a seasons, global leader. i have no doubt, and i do not think any paypal employee has any doubts that he is the right leader for paypal over the next 3, 5, 10 years emily:. emily: that was my interview with john donahoe. i want to bring mark back into this. do you think the spinoff is good for both companies? mark: i do not think it necessarily providing a lot of greater disclosure for investors, but you have to assets going in different directions. ebay is asked growth. they are going to be invest

dan: paypal is the world's largest peer-to-peer platform. one of our services brands is venmo.mo is growing by leaps and bounds. it's really the way the millennial generation manages and moves money. our platform enables people to transfer money seamlessly, easily, very inexpensively. we can partner with any one of a number of different platforms out there to help them. i think in our future, there will be a lot of partnerships with technology companies going forward. we have 17,000 people across the world. all we do is focus on digital payments. they have platform advantages. we have platform advantages. potentially bringing those two platforms together in partnership could create a very powerful value proposition for consumers. emily: what's it like working with carl icahn? dan: we have shareholders across the world right now, as you can see from our early trading. there is a lot of interest in paypal. i think what we really want to focus on is just creating a great company going forward, focus on customers, focus on what customers need. and if we can do that, hopefully we wi

peer-to-peer service. it can be found on ipads around the globe in a couple days. have music on the hard drive and you're not sure you not sure where it came from literally came to disguise hands this research. i've lived in texas and then at any time just jump in with questions or anything you want. like a formally. so to start at the beginning again mentioned before. brandenburg did not possess. [inaudible] is very tall but hunched. constantly locked on his heels lurching is angry body forward and back. when he talked he nodded his head in gentle circles. his wireframe glasses that were dark, narrow eyes. scraggly beard. the short sharp enough is best to putting people in these. when he talked it was what mattered perhaps on the part of the listener the technical discourse. titus nation specific conservatism. in dividing the income and then further sort of the audio do different frequency partitions the same way prison more sunlight the narrowband diversion brandenburg and of brandenburg until the computer how to simplify the audio signal before the audio acousti

the lower level command, unit command and peer to peer. that is the bulk of the problem. and that is a culture issue. that means from the top. i am disappointed we have not had more prosecution of retality. that is where you come in. i would like a commitment from you today that you would be willing to put a plan in writing that we could follow. >> senator, i would make that commitment commitment. i think peer retaliation is what we are trying to grapple with and i can assure you the leadership has been looking at that to set-up a climate where retaliation is not acceptable >> i will put a question for the record about the unused building record in afghanistan. i know there was an investigation that you were not found to be a problem in this but it is a problem the investigation found no problem and in reality there was a huge problem that someone signed off on a building for $36 million that is never going to go used. my final question if you don't have time to do it now, i want to make sure we get your take on isis in afghanistan. with your experience in afghanistan, ar

and foremost a member of that tribe in order to have this is a book that was except it through the peer review process and so forth and run through the wringer of workshops and conferences and critiques from a disciplinary peers. it has to have a certain degree of academic muster, which is a very clear argument that i specify and standards for the way we collect data and measured data in argument and contest and it's an intellectual project. in exploring generalize dynamics and the weight of movements to derive the inside the ira in northern ireland and the anti-apartheid to what degree these dynamics apply their into certain degree i find they do. at the end of the day i think i'm a political scientist more than anything. >> host: you say they do apply. are all three of those movements do they get more violent over time or less violent? >> guest: i think they are absent close. it is not this linear process. in the palestinian case i find absent downs. -- ups and downs. if there were greater and greater fragmentation and violent maybe the movement would cease to exist at this point in t

peer. not that there may not be outliarsoutlie outliars there but that's the bulk of the issue. that means from the top. i'm disappointed we haven't had more prosecutions of retaliation as a crime. i know it's knew. i know people are reluctant to bring someone up on those charges because of what it may mean within their unit that's where you guys come in. i would like a commitment from you today that you would be willing to put a plan in writing that we can follow. >> i would make that commitment. you identified peer retaliation as the issue we're trying to grapple with and i can assure you that leadership across the department has been carefully looking at that issue in an effort to set a climate where retaliation is unacceptable. >> i'll put a question for the record about unused building report that was pointed out in afghanistan. i know there was an investigation that you were not found to be a problem in this but it is a problem the investigation found no problem and in reality there w

health department to work order 20 thousand dollar tooz the department of aging and adult service for peer mentoring program which is primeally for people coming out of-going back to the community from laguna honda so this program provides peer mentors for people in that positionism in the third piece is for increase postage expenses due to the the fact that the public authority required to send out letters to independent providers regarding inactavety. it is a letter that came from the state that changes that department so we put in 4 thousand to handle the increase in postage >> question about the dollar amount. where would i pick up the variance in-i was guessing it was going to show in the operating expense detail, but my quick math-the line item is health insurance line 37 and dental line 3 aithd. the difference between fy 13, 14 and 15, 16 don't match the budget request. >> i'll have to get help with that question. >> i'm looking at appendix b 3 page 3. j my apologies david florous [inaudible] looking over the commission memo probably one of the explanations for the various is we lef

they can withstand the pressure for longer than most of their peers.hey will be hurt, but smaller guys will be killed. horizontal drilling and hydraulic fracturing has completely changed the energy outlook and perception. it is a game changer that will likely change the industry forever. erik: fracking is why america now produces 70% more oil than it did five years ago and almost as much as saudi arabia it is why opec cannot control prices and why the u.s. may lift a 40-year-old ban on crude exports. here's how fracking works. a well is drilled into sedimentary rock, typically shale. water, chemicals, and sand are injected at high pressure, fracturing the rock and freeing trapped oil and natural gas. the government estimates the u.s. has 48 billion to 58 billion barrels of recoverable shale oil, enough to produce at current rates for at least 14 years. and those estimates are probably conservative. america has a lot of shale deposits. the bakken in north dakota, the marcellus in pennsylvania and new york, the woodford in oklahoma, and in texas, the bar

police are asking anyone who has pictures from the peer to let them know. go to www.ktvu.com for the latest on the investigation into the deadly peer shooting. we are post updates on twitter and facebook. >>> we have seen weird weather around here the last few days. we had sun, fog and rain. now a live look outside the studios in oakland. you can see a little bit of sunshine. trying to peak through there. a far cry from what we saw over night. look at video captured. thunderstorms and lightning hit up the hills and lightning rain. meteorologist mark tamayo joining us now, tracking conditions. antioch, pittsburg may be seeing rain? >> yeah. another cell approaching. fascinating to go from triple digits and then thunderstorms. we are still dealing with those right now, approaching the bay area. big story was last night. and this morning. radar coverage. all the lightning strike thats towards fresno and approaching the -- strikes towards fresno and approaching the bay area. activity right now, you can see towards stockton, manteca and oakdale, 120, this is all

. >> the human peer mud at awe wedding? >> at a wedding. you can tell we have some bridesmaids, guests. the bride is over here guiding this weird human peer immediate. maybe somebody in the pyramid has been overserved. >> let's hope. >> the top of the pyramid this is four levels high a serious pyramid and this gurl is going to seriously eat it. >> >> oh! >> the crowd is a little concerned. >> not really. >> not really concerned at all. >> i think they all expected that. >>> this next video posted by a guy named joel graham his dad in melbourne,'s trawlia, at saunt andrews beach. >> is he trying to hit a golf ball? >> at first had the have you had yo not been titled golf bloopers broken rib i would have thought that is a weird fail but this is quite the sand trap. look at that. >> that is not a sand trap that's the beach. >> just adds insult to injury but dad ended up with a broken rib. >>> a dash cam have you had yo captures some horrifying footage. >> they stop they get surrounded these people immediately reach for the keys. >> why people

peer-to-peer lending is a growth aspect in our economy and i think it will have a big impact on the small businesses. they can get loans from individuals willing to support them and get a return on their investment. it is different from the banks, but i think it will bring up investment at the local level that has been missing since the downturn since the financial collapse. i think there are some solutions that are coming on board. anesh: i am bullish that we will see more entrepreneurs, more women led companies, more companies in different geographies then just silicon valley. i also believe in what caused the rise of the west. the next wave of economic growth powered by the internet will not be tech in and of itself. it will be tech-enabled, regulated sectors of the economy. modernizing the health, education, consumer financial products. i want to celebrate the presidents tech hire initiative. sometimes, organizing and convening, not unlike cgi america, helps draw more attention. this summer, the white house will host demo day. women and minority entrepreneurs will be able to present t

on a relative basis, relative to the more independent players, the more independent peers, they seeme financial flexibility. look at the comparison between big oil like bp, like exxon, raising their dividends compared to the share price continuing to fall. is the only reason then you want to look at big oil is for the dividend? there's nothing else they offer? vincent: when we talk about big oil, we talked about the upstream segment and the downstream segment. the downstream segment tends to smooth out the earnings cyclic calla to because the lower are an inputces into their refining process, so it tends to smooth out the cyclicality in the earnings theess and sort of offsets upstream segment. alix: can these big guys cover their dividends? free cash flow for conoco is, like, negative or $.2 billion. -- negative $4.2 billion. vincent: when i look at the group of independent peers, it is cash flow negative -- that is correct. so that would the a difficulty, but if i look at exxon or likely, chevron will throw off about $1 billion of free cash flow in 2016. that is to be expected. and

c breaks it into four categories, peer-to-peer payments, mobile commerce or finding goods online usingevice, nfc payments for buying things in stores like apple pay and barcode payments where a barcode is scanned at the point of sale. to postcts all four double-digit in will grow 2020. paypal has in this heavily in mobile, bindings artists and building out products that facilitate transactions in all four categories and competition is heating up. >> i think investors are looking for this business to get more competitive as we have apple and google coming into the marketplace him and there is always other smaller companies like square. >> we are working with merchants like subway and burger king where a consumer can use there mobile phone to order ahead to skip the line, to get loyalty. it is not just cap and hey, it is a value proposition change. paypal role rely on young developers to create fresh uses for payment technology. >> i know it is one of those things where people are like white what i share my payments with anyone, but it is so fun to scroll through the feed and check up on

aaron: it is generally just worse than what your peers are doing. so -- [laughter] it's not very illustrious to be a ceo of a two-person company. it got me excluded from a lot of parties at the time. and people -- it looked, from a distance, looked like they were having a lot more fun. and -- because it is generally more fun to go out than to be on your computer 14 hours a day during college. emily: what is the myth of aaron levie and what is the reality? aaron: i think i am still early with myths. so i don't know what myths have emerged. but the reality is that it's a really simple idea. our job is to build software that previously enterprises didn't think was possible to create. emily: how is aaron levie sitting in front of me today different from than 19-year-old ceo? aaron: i think as the 19-year-old ceo, i would be grabbing my hair more. i had a lot more -- a lot more issues with add, so. emily: i know you are on the road a lot. this is now a global company. how do you structure your time? aaron: i probably spend about 50% of the time on the ro