. >> and games, movies, even viral but already kind of got started with the oculus. you put it on and it takes you to other worlds and the manual brain cannot tell the difference. >> he is trying to get his aunt to tryon the oculus rift. >> these guys probably put this woman through hell right now. >> there's history. there's a hesitant. >> they get it down. >> not quite knowing what to do. >> the thing is though, there's an even better one. an e-mail asking about this video from us. >> oh! >> i love her. >> let's take this a step further. let's is have her watch this segment with the oculus rift and get that on camera. >> that's really going to freak her out. >> we want to say we love you. keep sending your videos and thank you for being so excited about the show. >> hope you enjoyed today's >>> exclusive video as they stormed the home near 16th street and southern. a third person was taken in for questioning and officers aren't saying too much about this now but here are the big headlines. the search happened just down the street from an unsolved

videos, all of chat is about vr but already kind of got started with the oculus. you put it on and it takes you to other worlds and the manual brain cannot tell the difference. >> he is trying to get his aunt to tryon the oculus rift. >> these guys probably put this woman through >> there's history. there's a reason she is so hesitant. >> they get it down. >> not quite knowing what to do. this is a video of her reading an e-mail asking about this video from us. >> oh! >> i love her. >> let's take this a step further. let's is have her watch this segment with the oculus rift and get that on camera. >> that's really going to freak her out. >> we want to say we love you. keep sending your videos and thank you for being so excited about the show. new at steak 'n shake! 24 meals under four dollars. with handcrafted steakburgers, all-beef footlongs and fresh guacamole made from scratch. get 24 meals for under four dollars. narrator: tonight, music industry veteran and accomplished investor troy carter joins the tank. there's another kid in a garage that wants to eat you

. >> and games, movies, even viral videos, all but already kind of got started with the oculus. you put it on and it takes you to other worlds and the manual brain cannot tell the difference. >> he is trying to get his aunt to tryon the oculus rift. >> these guys probably put this woman through hell right now. >> there's history. hesitant. >> they get it down. >> not quite knowing what to do. >> the thing is though, there's an even better one. this is a an e-mail asking about this video from us. >> i love her. >> let's take this a step further. let's is have her watch this segment with the oculus rift and get that on camera. >> that's really going to freak her out. >> we want to say we love you. keep sending your videos and thank you for being so excited about the show. >> hope you enjoyed today's selection of the best viral for seniors like barbara, social security makes a difference every month. but for the wall street types who've given congressman joe heck's campaigns over $500,000, social security could mean billions of dollars in fees. that's what privatizing social securi

. >> and games, movies, even viral videos, all of chat is about vr with the oculus. you put it on and it takes you to other worlds and the manual brain cannot tell the difference. >> he is trying to get his aunt to tryon the oculus rift. >> these guys probably put this woman through hell right now. >> there's history. hesitant. >> they get it down. >> not quite knowing what to do. >> the thing is though, there's an even better one. this is a video of her reading an video from us. >> oh! >> let's take this a step further. let's is have her watch this segment with the oculus rift and get that on camera. >> that's really going to freak her out. >> we want to say we love you. keep sending your videos and thank you for being so excited about the show. >> hope you enjoyed today's >>> ryan lochte's big apology after these headlines, can he ever recover from this blunder in rio? >>> and unwelcome home? >> you regret what you guys did? >> their miserable flight behind this curtain back to the u.s.a. and, hey, that's my bike and the 80-year-old guy's wild ride to get his bike

. >> and games, movies, even viral videos, all of chat but already kind of got started with the oculus. you put it on and it takes you to other worlds and the manual brain cannot tell the difference. >> he is trying to get his aunt to tryon the oculus rift. >> these guys probably put this woman through hell right now. >> there's history. hesitant. >> they get it down. >> not quite knowing what to do. >> the thing is though, there's an even better one. this is a an e-mail asking about this video from us. >> i love her. >> let's take this a step further. let's is have her watch this segment with the oculus rift and get that on camera. >> that's really going to freak her out. >> we want to say we love you. keep sending your videos and thank you for being so excited about the show. >> hope you enjoyed today's >> all new today on right had minute. with bad behavior in the neighborhood with some moms that are. >> out of control. >> how these role models set an example with a little rock throwing. >> this is how you talk about it, but no. >> a pot belly pig is rescued from >> he had severe wo

let's is have her watch this segment with the oculus rift and get that on camera. >> that's really going to freak her out. >> we want to say we love you. keep sending your videos and thank you for being so excited about the show. >> hope you enjoyed today's >> all new today on right had minute. with bad behavior in the neighborhood with some moms that are. >> out of control. >> how these role models set an example with a little rock throwing. >> thi it, but no. >> a pot belly pig is rescued from abuse. >> he had severe wounds. >> see his remarkable journey to health and a new forever family. >> collin firth invented everything but then he had a crazy idea. how his 360 degree swing is getting all amped up.

let's is have her watch this segment with the oculus rift and get that on camera. >> that's really going to freak her out. >> we want to say we love you. keep sending your videos and >> hope you enjoyed today's ? >> announcer: if you can post it, pin it, or tweet it, we've got it. it's an hour of trend-able treats that are hashtag fantastic. michael's taking your summer to new heights with mouthwatering wings you won't be able to resist. then, clinton's got an instagram-worthy duo of springtime favorites your followers are guaranteed to like. plus, the truth may be out there but the incredible david duchovny is here and he's got a dish that's absolutely out of this world. get ready to get trendy, right now, on "the chew." ? [ cheers and applause ] >>> hey. good afternoon and welcome to "the chew." thank you guys very much. you know, summertime is all

the mall is inside the transportation hub known as the oculus. the grand opening today included a celebration inside the hub and big crowds taking in the new sights. lauren glassberg was there for in lower manhattan. lauren. >> hey sade, i want to sort of set up the scale of the number of people down here. a quarter of a million people work here. 60,000 people live down here and you factor in tourists. by the way, i think everyone in the group is here inside the oculus right now. that's why westfield is spending more than a billion dollars on this site because it believes people will come and spend their money at the world trade center. outside the oculus while inside commerce came to life. >> welcome to westfield world trade center, the new new york place to be. >> reporter: 350,000 square feet of sun drenched retail space with room in the center of it all for performances. today there were many, including one of the stars of hamilton, leslie odom, jr. westfield, which runs shopping malls all over the country actually took center right before 9/

david: you see facebook buying oculus for $2 billion. cardboard.t is focusing on the services side. lucas: exactly. they have been working on their own pr -- vr headset, but they're more focused on the software side. which is why they have a company like samsung as a partner. samsung has partnered with facebook on the oculus and google on this. it wants anybody who makes a vr headset to accept an android device and run daydream. david: more tech headlines on "bloomberg west." don't miss our interview with the cofounders of reddit. oliver: also keeping an eye on shares of tesla and solarcity. muscat sent out a tweet -- elon theysent out a tweet that will have a product announcement at noon california time. all about the tweet and the buildup of vengeance of patient. desktop anticipation. -- all about the tweet and the buildup of anticipation. ♪ >> to :00 p.m. in san francisco and 8:00 p.m. in london. >> welcome to bloomberg markets. ♪ >> we're live from bloomberg world headquarters in new york for the next hour. also covering stories in san francisc

charlie: was facebook's purchase of oculus a confirming credential for virtual reality?yomebody said, visible, public, vr is worth billions. that was a big moment. vr isuckerberg decides worth $2.3 billion, it sends a signal to a lot of the other companies. efforts get accelerated. charlie: 2012, you cowrote a book, and it was called infinite reality. the virtual -- jeremy: when i arrived at 2003, getting tenure at stanford requires you to focus in on an idea and i wanted to study how the technology affects people. mental processes and social interaction. the virtual human interaction lab because it was not about the tech. training.hologist by on the book title, you'll have to ask harpercollins. listened to me. the initial title was going to be more human than human. in virtual reality, you can do things like becoming a hero or change your race. charlie: i like more human than human, myself. when you look at the cutting edge and in terms of what these companies -- every company has to look at this because as you said, it can accelerate the development of human experience

the other is with the pc, the high-end powerpc with oculus htf currently and also five. companies have raised $9 million, a sharp increase from the year before, only $157 million. hugewas driven by a investment in magic leak. we are seeing a lot of interest from asian investors and you, as well. difference of the reception of investors in the united states versus abroad. they: -- guest: i think difference is asia has more of a common ground for the u.s. in terms of technology, or at least is getting there. , china with aina massive population and also a mobile first ovulation. i think they see virtual-reality as the ability right now, the timing to get in on the ground floor. when you have a huge population, 300 million nba fans in china -- how many will be able to get to a game? very few of those. virtual reality is a way to bring them there. emily: but have u.s. investors been more hesitant? well, i think they are a little bit more wait and see on how the technology develops, and really on the hardware side, you need a pair of vr glasses to watch something in vr. i thi

the video is available to download for oculus users. but is also available for 2-d viewing on national geographic's facebook page and then there we're talking about potential stadium locations to house an n-f-l team in las vegas which sites are still in the running... and where the money would come from.... from football to hockey. vegas wants to know our hockey team's name. it's one of the best kept secrets in the valley. another clue to you're watching fox5 news this morning with dave hall, maria silva, monica jackson, jason feinberg , . weather 24/7 with cassandra jones and traffic solutions with ken smith. this is fox5 news this morning. the committee overseeing the proposed n-f-l stadium meets with developers once stadium are narrowed down to the bali hai golf course, and the site on russell road and tropicana. christine maddela shows us what the stadium could look like. (the time is now) we've been trying to get a stadium done in oakland, then the opportunity in las vegas came to our attention (m davis) promotional material like t

emily: whether it's instagram or oculus or internet.org, which do you see as having the most potentialbecome the next huge business for facebook? sean: the interesting question for facebook is -- is that next big thing somewhere else entirely? is it google x and life sciences and contact lenses that measure glucose? is it self driving cars or is it going to be something that is very close to the home? the core of what facebook is. emily: do you think facebook should move beyond the core? sean: i think communication is the biggest market in the world. it cannot be undervalued. are there other paradigms or are there other ways of communicating that facebook could enable? does it make sense for them to buy snapchat? does it make sense for facebook to expand more into real-time communication, so not just broadcast-based where you are sharing with the group and it's essentially public? facebook messenger is no different from instant messaging that we really had since the mid-1990's, irc and the early internet. facebook is good understanding the core communication network apps that they shou

i point out the oculus, the round object out front, when we go down to reorient everybody. >> we are going to go all the way down and work our way up. let's go the freight elevator, please. let's welcome to the largest rate elevator in the smithsonian. it is not it we are competitive, but it is important. [laughter] as eric said, we are going down 90 feet. >> we're going to the lowest level. we will exit out in the utility room. back to the sustainability component, we divided this three-quarter acre site, the mechanical room, water on the east. to my right. to the left is the air side. we reclaim the water and take it back upstairs and irrigate. every piece of mechanical system down here is clear of mechanical components. we were required to do that by our agency. we have a flat roof, not accessible. we also have no mechanical units on that floor. we'll walk through here real quick. if there are any questions, ask them when we get to a quieter area. >> where you are is, if you are an average general public, i will show you when we get up there. you will go into a room that is furthe

the 11-minute movie, produced by "national geographic" and oculus gives viewers a 360-degree yosemite national park over father's day. he got a preview yesterday. leaking like all of us do when we do a virtual reality set. >> just jaw-dropping, mouth open. looking in every direction. sometimes running into things. >>> well, central italy has gotten hit by a strong aftershock overnight. we'll have the latest on the recovery effort coming up. >>> and plane sticking out of a home's roof after plummeting from the sky. new details about the p on board. >>> plus, why you can blame y >>> in new york, world trade center is honoring the victims in italy. last night, 1 world trade was lit in green, white, and red, the colors of the italian flag. there is breaking news from the quake zone. a strong 4.7 magnitude aftershock struck overnight near the town of amatrice. the death toll rose overnight to more than 260 with hundreds of others hurt. there have been more than 900 aftershocks since wednesday. rescuers are combing through the rubble searching for meantime, an 8-year-old girl pull pulled fr

i point out the oculus, the round object you see out front to reorient everyone. >> let's go down. we'll go all the way down and working our way up. welcome to the largest freight elevator in the smithsonian. as derek said, were going down. to seere going down three, the lowest level. we will exit out in the utility room. delighted up water sides over on the east to my right here. reclaim out of -- every piece -- the side of the roof is very clear of mechanical components. where you are is that if you were sort of an average general public, i will show you only get up there. you would go into a store, a room that is further up and you take this elevator down. that in essence the way this exhibition is framed, -- it takes you from africa and europe before contact with each other, all the way into the 21st century. in essence, older stories are down here and as you begin to walk up the ramp you get closer to the present. the first show that you only see pieces of is called slavery and freedom. mary is one of the co-curators so she would give us a quick framing. there are a few messag

about to open in the oculus. the original world trade center with sewage. who's to blame? hear why the people living in the house says guess what i just did? built a sandcastle? ha, no, i switched to geico and got more. access online, on the phone or with the geico app. that is more. go get some mud... all that "more" has to be why they're the second-largest auto insurer. everybody likes more. mhm, i think so. hey, what are you doing? getting the coats. for a half hour? bob just got time warner cable. he's getting more. s and shows on demand, most for free. look, he's dvr-ing like 6 shows at once. let's go. ah, this grass is so much greener than on our tv. why are your shoes off? because i'm on their bed. i don't want to be rude. discover how much more is included. are those meatballs still circulating? get tv, internet and phone for $89.99 per month. >>> it's a situation that really stinks for a family in new jersey, literally and figuratively. backed up sewage flooding their basement in their home in the essex town of irvington. they say it's happened before. is it the c

the 11-minute movie, produced by "national geographic" and oculus gives viewers a 360-degree yosemite national park over father's day. he got a preview yesterday. leaking like all of us do when we do a virtual reality set. >> just jaw-dropping, mouth open. looking in every direction. sometimes running into things. >>> well, central italy has gotten hit by a strong aftershock overnight. we'll have the latest on the recovery effort coming up. >>> and plane sticking out of a home's roof after plummeting from the sky. new details about the passengers on board. >>> plus, your. genes for your coffee addition. a box is where you keep things safe. which might be some people's goal. but not mine. when you dare to move forward... so much is possible. and what helps me do it? new oikos greek nonfat yogurt. now with all-natural ingredients with vitamin d, 25% less sugar than before i'm misty copeland. and i am unstoppably myself. be unstoppably you. ? dogs - sure can be messy. but with nexgard, their flea and tick killer doesn't have to be. nexgard, the vet's #1 choice for dogs, is a delicious, b

about to open in the oculus. the original world trade center also included a shopping mall. >>> a home flooded with sewage. who's to blame? if you're told you have cancer, explore your treatment options with specialists who treat only cancer. every stage... every day.... at cancer treatment centers of america. >>> it's a situation that really stinks for a family in new jersey, literally and figuratively. backed up sewage flooding their basement in their home in the essex town of irvington. they say it's happened before. is it the c is it their fault? carolina leid trying to get to the bottom of all this. >> everything is blocked and in my basement. >> reporter: johnson says calling this a nightmare is an understatement. the stench of human fecal matter is enough to make anyone gag. >> high blood pressure and stress, that comes along with it because i can't see myself living in this filth. >> reporter: the sewer backup isabella avenue in irvington. some of our video is too graphic to show you, so just use your ima

the 11-minute movie, produced by "national geographic" and oculus gives viewers an immersive 360-degree experience of his trip to yosemite national park over father's day. with his family. president obama got a preview of the film yesterday, wearing a virtual reality headset outside the oval office, looking like all of us do when we do one of those virtual reality sets. >> just jaw-dropping, mouth open. looking in every direction. sometimes running into things. >>> well, central italy has gotten hit by a strong aftershock overnight. we'll have the latest on the recovery effort coming up. >>> and a plane sticking out of a home's roof after plummeting from the sky. new details about the passengers on board. >>> plus, why you can blame your genes for your coffee addiction. [female narrator] foods rich in folic acid like white bread and leafy greens can help prevent some birth defects before you even know you're pregnant. >>> in new york, world trade center is honoring the victims of this week's deadly earthquake in italy. last night, 1 world trade was lit in green, white, and red, the colo

another example is facebook buying oculus.people might scratch their head at the value there or a g.m. buying a company like cruise. if you are one of these businesses, for walmart, they are getting threat by amazon and their e-commerce growth has lowed in recent years. instead of doing these smaller acquisitions, they decided to make a bolder move and work for a company like jet which has a fresh brand that appeals to a younger demographic. emily: these are huge exits, but there are companies that had big ambitions to be independent usinesses. do you think m&a or ipo's would be the next exit strategy? the new exit strategy? there are i.p.o. market has been very challenging this year. only five so far. they are looking at what is going on the the i.p.o. market. the bankers are saying maybe you can go, or you can't go. there is not like a pressure to go out in this environment where there has been a lot of awesome m&a. whether it is in the consumer space or the enterprise space. people are opening up to those opportunities give

emerge seeing a new city where uber, google, microsoft, oculus, all these companies are creating a globalnnovation center in pittsburgh. the cities that get out in front will be the leaders of industry and cities where others will locate. when i want to see happen in pittsburgh is that we not only build the technology but start manufacturing the parts as well, advanced manufacturing being another part of this. it will be a critical component in building an industry for all. emily: that was the pittsburgh mayor. as the battle heats up, here is one statistic to consider. uber is the most used taxi out in 108 countries. uber has quite a lead. it is installed on 21% of all android devices in the united states compared with 3% for lyft. still, they have struggled in asia where local operators reign supreme. the rapidly changing transportation situation with anthony foxx, our exclusive interview next. ♪ emily: the race for driverless cars is heating up with automakers in detroit embracing innovative technology from silicon valley including self driving cars, connected cars, smart sensors. what

that one through economic collapse, you see a new city emerge were uber, google, microsoft, disney, oculus, apple and all of these companies are creating a global innovation center in pittsburgh. the cities that get out front will be the leaders and they will be the cities were other companies will locate and where the talent will locate. what i want to see happen in pittsburgh is that we not only build the technology but start manufacturing the parts as well. advanced manufacturing will be a critical component in building an industry for all. emily: that was the mayor of pittsburgh. the ridettle for hailing customer heats up, here's a statistic -- uber is the most used taxi app and 108 countries. countries -- the apps uber has on 100% of -- struggled in asia or local operators reign supreme. coming up, we will hear from a ceo that went from burning over $2 million month to operating in the black. plus what questions do you have for the reddit cofounders? we will answer your questions live right here on bloomberg west. this is bloomberg. ♪ emily: a stock we are watching -- shares of intuit

another example is facebook buying oculus. or gm buying a company like cruise.are one of these businesses, for walmart, they andgetting threat by amazon their e-commerce growth has slowed in recent years. instead of doing smaller act as the shins which may not move the needle for the business, they make a boulder move and work for a company like jet which has a fresh brand that appeals to a younger demographic. buty: these are huge exits, there are companies that had big ambitions to be independent businesses. or ipo's woulda be the next exit strategy? the ipo market has been very challenging. au can't -- there isn't like pressure to go out in this environment where there has been a lot of awesome m&a. up to thosepening you areities given once out as an ipo, you need to look 20the average performance of 14 and 2015 ipo's. a payback.ou look at i know a couple of my guys who say i would rather look at m&a. do you prefer companies go the m&a route? you get a faster return and it's more a search engine. don't necessarily have control over what's going to happen. we

teamedional geographic up with oculus studios and vr specialists to produce the free video.day to mark the centennial of the national park service. global news, 24 hours a day, powered by over 2600 journalists and analysts in more than 120 countries. this is bloomberg. joe? joe: we are still with bloomberg view columnist and the former president of the marianas -- he joins us from rochester, new york. it is now time to think about the big questions. like tor, i always ask with a neutral real rate is to plug into my model. people are saying the equilibrium rate is coming down, lower than we may have thought. do you agree, and where do you think it is? >> yeah. i want to answer the second question about where i think it is. i'm not a huge fan of the rule in general, and i think it's not the best way to free monetary policy. but i will a your question about the neutral rate and the forces on it . you see a slight downward trend in the neutral rate, from the 1980's into the great recession 2007, youut since have seen a very sharp decline. the right way to gauge it, i like to use

a host of stores will open and the transit hubs called oculus and others will be in the hallways of the complex. businesses will take up nearly of the original world trade center contained a mall that was destroyed. "eyewitness news" reporter lauren glass is there. she -- lauren glassberg is there. she will be doing a walking tour on facebook. that will get under way around 12:45. >>> caught on camera, a plane crash lands in the bay. what happened right after the accident that is of note. >> and an exclusive interview ferris wheel. what went through her mind when the ride malfunctioned? >>> let's take a live look outside. clouds are hanging over the >>> as crews battle a raging wildfire in northern is arrested. damon anthony haschell faces 17 downs of arson. the biggest fire he is accused of starting charred 175 homes and businesses. thousands of people were forced from their homes. they are still out at this hour. 118 square miles have been burned. he is also accused of starting additional fires over the last year. >>> let's look at our weather right now. meteorologist bill evans is wi

or microsoft exciting a lot of it is acquisitions whether the story of instagram or what's app or oculus or android or you name it. so the other thing is that they return on big, brassy expensive premium investments is also the stuff of legends that keeps these companies big. so it's cheap. it's easy. the market likes it. that means we'll see a whole lot more of it before this is over. >> max, the tax costs of repatriating capital have become something of an issue in the presidential election. do you foresee this loophole changing at all? if it does, what will be the impact on these kinds of bonds offerings? >> so it's a great question. we saw candidate trump try to put this front and center. it was in a sort of avalanche of other things a lot of which seemed a little bit unhinged so it might have gotten lost but i think we'll eventually see a holiday. i don't think we'll see a huge structural shift. i think we'll see a holiday. back in the old days when it was bill clinton, not hillary that the leading candidate right now, they did talk about, did implement some ideas of a temporary hol

another example is facebook buying oculus.shake their head there or gm buying a company like cruise. if you are one of these businesses, for walmart, they getting threatened by amazon. their e-commerce growth has slowed in recent years. so instead of doing these smaller acquisitions which may not ultimately move the needle for business, they decide to bolderboulder move -- move and work for a company like jet which has a fresh brand that appeals to a younger demographic. emily: these are huge exits, not to take away from them at all, companies thatad had big inventions. do you think m&a or ipo's would be the next exit strategy rather than -- >> the ipo market has been very challenging. on five ipo tech so far. so you are looking at what is going on in the actual market, bankers saying, you can move, you can go. there is pressure to go out in this environment where is it feels like there has been a lot of really awesome evan day, whether it is cultural or enterprise. -- m&a, whether it is cultural or enterprise. so you need to

oculus, fabulous architecturarc >> everyone go to the museum. it's very hard. >> all right.ll be right back. , social updates. we call it dark data. 80% is invisible to most businesses. the ibm cloud has tools that can help see dark data and put it to work. hello, my name is watson. working with watson in the ibm cloud, we can help an energy company predict pipeline corrosion. and help a start-up to use social data to predict market trends. now businesses can get more out of their data. that's what the ibm cloud is built for. i'm in vests and as a vested investor in vests, i invest with e*trade, where investors can investigate and invest in vests... or not in vests. sign up at etrade.com and get up to six hundred dollars. what powers the digital world? communication. like centurylink's broadband network that gives 35,000 fans a cutting edge game experience. or the network that keeps a leading hotel chain's guests connected at work, and at play. or the it platform that powers millions of ecards every day for one of the largest greeting card companies. businesses count on comm

national geographic joined facebook's oculus studios. they produced a free video.y to mark the centennial anniversary of the u.s. national park service. and a pie in the sky idea literally. domino's pizza says it has tested drone delivery in auckland, new zealand, and is on track to be airborne later this year. why new zealand? the country approved commercial drone deliveries last year, but skies of new zealand are not going to be filled with flying pizza's anytime soon. domino's has employed drones in only one location and local regulations still require that drones remain in sight of a pilot at all times. meaning your robot pizza guy will still come with a human chaperone. that does it for this edition of "bloomberg west." that is all for now. from san francisco, this is bloomberg. ♪ angie: it is noon here in hong kong. all of the makers have been making the case for a rate hike ahead of janet yellen's speech. it was repeated that higher rates are warranted, but we were told that the fed should raise rates patiently and gradually. prices fellnsumer for a fifth st

there as well get the big thing there that really exciting is two years ago, three years ago with oculus and all that, this is technology driven andthis was kind of a solution in search of a problem and now it's become clear to me especially , looking at the new fronts that being creatively driven. that creative people are very interested in virtual-reality narratives so that's been a really interesting thing. i saw a new york times is doing it, her to doing it, condi nast is doing it. refinery 29 is doing it so that was one big trend that was interesting to me. in terms of things that have been evolving are exciting, the concept of the in-house agency or its known as a content studio has now become a real fixture. in my previous job i work for a big consulting firm and we did a pretty big report in the early 2000 in which one of our recommendations, publisherswas you have to get into the marketing services business .that was a very foreign concept to publishers back in 2001, 2002 and now i would say every major publisher in the united states has a content studio where they are creating

we 7 what do you think of the oculus? >> it is unique, lost in the shadows it. greg: thanks for that look. theresa: let's turn to entertainment, one of hollywood's great character actors has passed away. david huddlestone, his careers spend 5 decades, you know him for being in the big lebowski in 1998, he had other parts in santa claus the movie, he guest starred in several tv shows, broadway, 1776, he died from heart and kidney disease, he died in santa fe, new mexico. i never saw that movie. greg: did you like it? not my favorite. italy has a location, had a opening, big-time opening is next week, the location of the flatiron district, it will open next thursday at noon on the third floor of world trade center tower 4. >> they have salad bars, the pasta counter, cheese counter, seafood counter and a view over the 9/11 memorial. >> they have chosen bread as the they call summer streets festival, an annual thing, they have a great time in the middle of the street. looks like fun. theresa: 300,000 people joined last year. >> that could change your flow, the routi

. >> the oculus rift just got released a week or two ago and then the new ps for his covenant with its virtual reality. what do you think the next -- ur will become now with virtually -- virtual reality. ? ch turning the match -- not even farther. >> next question. [laughter] you talked a little bit o about empathy and sleep hygiene and elton in response. our brain level, potentially bring level changes. ago intruck two weeks the near times that talked about how the come was not about gps. relationship of the loss of the brain level at the narrow bellman. to the constant use of gps. suddenly somebody is seeing a brain level difference in the wonder if you have any, what research is going on at that brain level? >> everything we do affects the brain. from parts of the brain. it just so happens that we got the technology at the same time we got mri and all of that. affectsng will activity the brain. certain connections are enhanced in other connections become weaker. this is not a value judgment. believe that the connection, the narrow connections we use are getting weaker but other part

business today. 60 stores and restaurants will eventually occupy the square feet of retail space at the oculus. >>> over the alex for a final check of traffic. >> thank you. it's an accident with injuries that has all lanes closed on route 1 & 9 northbound at hackensack avenue and delays now back into newark to delancey street. everything else is everything is on or close to schedule. be safe, don't text and drive. john? >>> and be smart again it's going to be hot it's going to be humid and we could see some stormy weather this afternoon. it is quiet now. it's going to be a warm one with those heat index valued 5 to 1 -- 95 to 100 plus, there's the front pushes through later today. that's when we could see some isolated strong to severe potentially storms and then we see a little bit of relief with less humidity wednesday into thursday. just be smart later this afternoon. and keep your cool. >> johnny thanks so much. cindy hsu. >> and i'm chris wragge, "cbs this morning" is next. have a great day. [ captions by: caption colorado, llc 800-775-7838 email: comments@captioncolorado.com ] ? >>> goo

it's a complicated set of buildings, but the oculus, which is the kind of rib cage dinosaur rib cage,cribes it, is actually quite stunning and see that on display and other things that will surprise you what's going on downtown and surprised me and i've been down here forever. a lot to it in terms of the substance of how it got rebuilt and what it took and took both emotionally and physically and monetary. >> quickly, what's number one thing for you in the stock market today, my friend? >> look, i'm looking at palo alto this is once again one of the high multiple stocks nobody seems to like. they want down and dirty stocks, ten times earnings even if it's a bank versus 40 times earnings and it's a tech company. >> see you live in a few minute's time. >> thank you. >> thank you. >> coming up on "squawk box," much more with the economy's sellcon. his call on the state of education and tonight on "mad money" don't miss united airlines ceo oscar munoz and salesforce mark benioff joining jim cramer 6:00 p.m. eastern time. we'll be right back. ♪ none one...e... one rout there. no oneay of i