collaborationl of or friendship among ceo's in silicon valley? >> it is quite variable, i'm sure. people that you mentioned i have long-standing relationships with. so can valley is a very competitive place -- silicon valley is a very competitive place. we compete with other entertainment companies like disney and hbo. not those tech leaders you mentioned. it is friendly because it is not theetitive, whereas with entertainment companies it can be more challenging -- it can be a more challenging relationship. >> we cannot finish this without talking about my favorite person in the book, and that is eddie mccord. did you have the chance to talk with him? >> i talked to him a lot. he is a great storyteller and has an incredible memory. often we are switching from one story. she always had a story to provide to me. she is an important character in the book. >> patty mccord was our founding head of hr. andwith us over a decade, pioneered a lot of these ideas, pushed us that we can be great for employees. if we focus on giving them a proper environment that stretches them. that became th

but i would say silicon valley is a very competitive place. netflix doesn't compete with them but we compete with disney and hbo so those tech leaders our family because is not too competitive. but again we are in entertainment company it can be a more challenging relationship. >>host: we cannot finish this without talking about my favorite person in the book patty mccord. >> i have to tell you patty is a great storyteller she has an incredible memory. often going from one story that whenever that happened she always had a story to provide and is an important character in the book. >>host: who wish she? >> she was a founding and head of hr and was with us over a decade and pioneered a lot of the ideas to give us permission to ideas that are great for employees about rules to give them a fertile environment that stretches them that's the way we oriented everything. >>host: in one of those was vacation time. >> it's a funny thing we don't count how many hours someone works in a day we don't know if it's later ten or 12 and yet in the old days we

. >> is the geographical area of silicon valley, indispensable to what you do? >> certainly are culture and i come out of the silicon valley culture, and at this point, half of employees at silicon valley, super important to what we do, two thirds of a majority of us employees in hollywood, we are an entertainment company, they are tech power. and they are pretty good, pixar and disney plus, all the other entertainment companies are getting tech infused. >> when i started working with netflix they were ready for enormous international expansion, since i study and write about cultural differences, in 2016 we were moving around the world. something we are interested in researching is how provocative and surprising corporate culture leading to this enormous innovation and flexibility could be implemented in countries around the world like japan and brazil, talking about how to take your corporate culture which might be useful to you at your headquarters and to figure out how to make that work in direct contrast with the national culture you move into so that is an

but i would say silicon valley is a very competitive place.e compete with other entertainment companies like disney and hbo. those tech leaders you mentioned, it is not too competitive. it is friendly because it is not competitive, whereas with the entertainment companies it can be a more challenging relationship. peter: we cannot finish this without talking about my favorite person in the book, and that is patty mccord. did you have a chance to talk with her? erin: i talked to her a lot. she is a great storyteller and has an incredible memory. often we were switching from one story. she always had a story to provide to me. she is an important character in the book. peter: who is she, mr. hastings? reed: patty mccord was our founding head of hr. was with us over a decade, and pioneered a lot of these ideas, pushed us that we can be great for employees. if we focus on giving them a proper environment that stretches them. that became the way we oriented everything. peter: one of those no rules is vacation time. reed: we don't count how many hour

a lot of silicon valley companies are cut from the same cloth, peter thiel and a lot of the folks atany i guess are not ashamed of the things they do. and it seems like we have seen other corporate governance issues with companies like facebook and elsewhere, it seems investors still embrace these companies as long as they produce revenue growth and profitability. they arein some ways, cut from the cloth in terms of providing cutting-edge technology the government does when theyccess to, build solutions that take 18 months to get going, where silicon valley is cranking out software updates every two or three months ended takes them 18 months just to figure out what they want to build. so they are similar, but quite different than google. google employees staged a protest and got google to discontinue its agreement to do which youven, probably remember was a computer vision that allowed for drone targeting of u.s. enemies, and palantir snapped up that project right away. it is different from that perspective on corporate governments -- from that perspective. on corporate governance, y

. >> host: question for both of you, the geographical area of silicon valley important, indispensableo what you do? >> guest: it is one of many indispensable areas and certainly the culture and i, we come out of the silicon valley culture but at this point you know, it is a fraction while less than half of our employees are silicon valley so it is super important to what we do but about two thirds of our spending is on content and we have a majority of u.s. employees in hollywood so we are an entertainment company that of course like all modern companies are attack power and in some ways coming at it from the other side which is super entertainment and pretty good. they have pixar and all kinds of animation and now they have disney plus so i think all the entertainment companies are getting tech infused. >> host: erin meyer. >> i think i would add to that, when i started working with netflix they were just getting ready for this enormous international expansion which is quite interesting for me with studying for natural cultural differences and we were at 2016 and moving all over the

but i would say silicon valley is a very competitive place, you know. netflix doesn't compete with that. we compete with other other entertainment company like disney and hbo. those tech leaders you mention it's all very friendly because it's not too competitive, whereas again with the entertainment companies it can be a more challenging relationship. >> host: well, we can't finish this without talking about my favorite person in the book, and that's had a mr. corker did you have a chance to talk to patty mccord? >> guest: i i talked about a lot. patty is a great storyteller and has got an incredible memory. often i was like what's more important? whenever that happens i was called patty and joyce had a story for me. she's an important character in the book. >> host: who is she? >> guest: patty mccord was our founding head of h.r., was with us over a decade, really pioneered a lot of these ideas, gave us permission and pushed us that we can be great for employees without rules. that we focus on giving them a fertile environment that stretches them and t

and the company's s1 filing, karp took aim at silicon valley companies.em to share fewer and fewer of the technology sector's value and commitment software projects with our nation's defense and intelligence agencies missions are to keep us safe have become controversial. while companies built on advertising dollars are common place. outside the government, palantir's expanded its work in the private sector now accounting for 53% of its customers. serving big name businesses with its foundry software including airbus, merck, ferrari and united. >> if you think we're going to change our internal culture drastically and work with regimes that are not allied with the u.s. and are abusing human rights, if you think that the future is going to be a super rosie place where the past ways of supplying software are going to work because enterprises and governments do not need to be reformed, you should not invest in palantir. we have a certain set of beliefs. and we are going to stick with these beliefs. >> now, let's bring in leslie picker for more on palantir's

what's the level of collaboration or, you know, friendship among ceos in silicon valley? >> guest: it's quite variable, i'm sure. so those particular three people that you mentioned, you know, i've had longstanding relationships with. but i would say, you know, silicon valley's a very competitive mace and, you know -- place, and, you know, we compete with other entertainment companies like disney and hbo. so, you know, those tech leaders that you mentioned are all very friendly because it's not too expectative whereas, you know -- competitive whereas with the entertainment companies it can be a more challenging relationship. >> host: well, we can't finish this without talking about my favorite person in the book, and that's patty la cord. erin meyer, did you have a chance to talk with patty? >> guest: i talked to patty a lot. patty is a great storyteller. she's got an incredible memory. [laughter] so reed, often i was pushing him for more stories, and he'd say i just can't remember it. whenever that happened, i always called patty, and she always had a story to provide fo

silicon valley had a few ideas.st, they boosted democrats who are aligned with wall street and multi-billion-dollar companies like theirs. as long as people are distracted by identity politics, as long as they were fighting about unresolvable issues like race and jeopardy, you might be able to distract them long enough to pull this off. you wongt talk about the fact that you don't pay taxes if you are busy attacking cops and other powerless members of the working class. so there is a reasonable kamala harris and joe biden are now the standard bearers of the democratic party. not because voters loved them so much it's because they are quiet. joe biden has trouble formulating sentences coherently. he is not a threat after 50 years for shilling for corporation. no has used race tension to divide this country more effectively than kamala harris has. kamala harris has applauded the riots. watch. >> i want to make clear that i know there are protests still happening. >> yes. >> in major cities across the united states. i'

still ahead, the lasting impact of the pandemic on silicon valley.clusive conversation with reid hoffman. that is next. this is bloomberg. ♪ emily: the venture capital firm greylock announced this week it has raised an additional $1 billion to invest in the next generation of startups. they areman told me making the change dramatically amid the pandemic and sometimes finding entrepreneurs he's never met in person but he believes opportunities about. i asked him in an exclusive interview what he thinks will be the most groundbreaking technologies of the future. fintech are looking at and we are looking at whatever the kinds of things -- telehealth or education or things now that the market might be opening faster. one of the things that is personal to me is looking at artificial intelligence. how do we help startups? how do we help the large companies catalyze the right kind of outcomes? because ai will transform every industry. it is going to have an impact of a similar thing like electricity. one of the things is autonomous vehicles which is a versi

silicon valley has gotten ahead of them.hink anyone wants the government wasting millions on these companies. was the first solution out of the box to replace the need for billions, it would secure the data and make sure we are watching the watchers. you have to look at it like that. palantir is used in over 30 countries because that is the best solution to protecting the data. emily: palantir co-founder joe lonsdale. for more perspective on the company's trading debut i want to bring in eric munson, a longtime palantir shareholder adit ventures.f all the talk today is about the market cap, now that it is officially a public company. do you think a direct listing was the right call? why reinvest the ipo wheel and do it this way instead? eric: palantir really did this offering for their employees and the longtime shareholders. they wanted a public currency to recruit and retain the best and brightest engineers to compete with google, facebook, apple, and all the other amazing talent out there. palantir did not raise any money

coming up, fleeing silicon valley for cheaper living amidst a pandemic. the founder of vmware, one of the companies shaking up pay packages for remote workers. this is bloomberg. ♪ as millions continue to work from home around the world, vmware and nvidia are working together to deliver new security recommendation -- new recommendations. the new partnership was unveiled today at the virtual vmware conference. for more, vmware ceo. this is your first virtual vmware world. i have come to visit you in person in the past. it was a huge event. what was it like doing this and what will he impact be given that enterprise software bigrages are typically a time to drive sales? can you hear me? it's emily. hiss like pat is getting earbuds in. looks like we are having trouble getting to pat gelsinger, the ceo of vmware. we will be right back. ♪ emily: disney has announced it workers tied28,000 to its theme parks. these workers have been furloughed, still getting health care benefits through the pandemic. now disney saying they will officially after layoff 25,000 wor

ruth: i was born in england, mostly grew up in silicon valley.ther was a holocaust survivor, a refugee. he escaped from vienna after kristallnacht. david: when he was a teenager? ruth: he was 16. he had no high school education, no college education. he escaped to palestine and enlisted in the british army, fought under m montgomery, and his view was the only way to find peace in a peaceful place was to have a skill people needed. he decided to teach himself physics while in the army. he used to tell his kids his fellow soldiers would tease him and say you will die before you can use these physics. his answer was always, if i die, i want to die an educated man. after the war he was one of the lucky ones. he was given a place at the university of manchester. he got a phd, that is where i was born, and was given a position at harvard. the only two places he worked was harvard and stanford. we moved to silicon valley and that is where i grew up. david: you went to stanford undergrad? ruth: i did. david: did you major in finance? ruth: i majored in e

we moved eventually to silicon valley, and that's where i grew up. david: you went to stanford undergrad, and did you major in finance? ruth: i majored in economics and international relations and thought i would go off to be a lawyer. from: you got an mba wharton, and you went to wall street? ruth: i went from stanford to the london school of economics to wharton. i started in business school, i was convinced that what i wanted to do was work with companies and help them understand their problems. then i took a fascinating course with a great teacher and he opened my eyes to this thing called wall street mergers and acquisitions. i went from completely convinced i was doing one thing to completely convinced the only thing a wanted to do was mergers. david: when you went to morgan stanley, was it 50% women? ruth: far from it. it was 1987, so it was sort of the stone age for any sort of sense of what was the world of women in banking. i think the general attitude was that those of us who were there we get married, have kids and leave him a we didn't h

ruth: i was born in england, mostly grew up in silicon valley.y father was a holocaust survivor, a holocaust refugee. he escaped from vienna when he was 16. he had no high school or college education. he escaped to palestine and as soon as he could, he enlisted in the british army under montgomery. his view was that the only way to find peace in a peaceful place was to have a skill that people needed. so he decided to teach himself physics while he was in the army. he told us at kids -- as kids his fellow soldiers would tease him and say he would die before he ever mastered physics. his answer was, if i die, i want to die an educated man. after the war, he was one of the lucky ones. he was given a place at the university of manchester. he got a masters degree and a phd. that's where i was born. he was given a position at harvard. the only two places he ever worked were harvard or stanford. -- harvard and stanford. we moved eventually to silicon valley, and that's where i grew up. david: you went to stanford undergrad, and did you major in finance

silicon valley billionaires that you can organize so all of those things that would actually take their bottom line they don't know and what do they do that they actually. use this black lives true or show their subpoena. to their work laws because it's their workforce that his race is not there you know with the c.e.o.'s with billionaires we don't we're not racist but you you miserable a blighters you know who barely can make you make your rent payment you are rates and i will show you how terribly retrograde you are and so this is the goal of the game played so there's really nothing radical about it because we know what's right and we know what a radical movement is a radical movement is well look what you had with the bolsheviks you have. a masters of support they will appeal to the last directly appealing to the narrow you're not going to go to a break amount about a short break we'll continue our discussion woke up to them hard. join me every thursday on the alex salmond show and i'll be speaking to guest of the world of politics sports business i'm showbusiness i'll see that. the

silicon valley to whom this is you know pure symbolism i mean if these those really cared about black lives it could well for one thing raise the wages of all the people who work for him he doesn't he got them in. union organizing at his workplace it doesn't and there's no same goes for jamie diamond same goes for all of the all of these. silicon valley billionaires that you can organize so all of those things that will actually affect their bottom line they don't know and what do they do that they actually. use this black lives true or show their subpoena. to their work laws because it's their workforce that his race is not that you know we're the c.e.o.'s we're billionaires we don't we're not racist but you you miserable a blighters you know who barely can make you make your rent payment you are rates and i will show you how terribly retrograde you are and so this is the end of the game played so there's really nothing radical about it because we know what's right and we know what a radical movement is a radical movement is well look what you had with the bolsheviks you have. masses

silicon valley to whom this is you know your symbolism i mean if these those really cared about black lives it could well for one thing raise the wages of all the people who work for him it doesn't he got permits. union organizing at his workplace it doesn't mean there's no same goes for jamie diamond same goes for all of the all of these. silicon valley billionaires that you can organize so all of those things that will actually affect their bottom line they don't know and what do they do that they actually. use this black lives true or show their sapir iorio to their work laws because it's their workforce that his race is not there you know. with the c.e.o.'s with billionaires we don't we're not racist but you you know miserable a blight says you know who they barely make you make your rent payment you are right and i will show you how terribly retrograde you are and so this is the end of the game played so there's really nothing radical about it because we know what's right you know what a radical movement is a radical movement is well look what you had with the bolsheviks you have

silicon valley billionaires that you can organize so all of those things that will actually affect their bottom line they don't know and what do they do that they actually. use this black lives true or show their sapir iorio to their work laws because it's their workforce that his race is not that you know. with the c.e.o.'s with billionaires we don't we're not racist but you you miserable a blight says you know who they have barely make you make your rent payment you are rates and i will show you how terribly retrograde you are and so this is the god of the game played so there's really nothing radical about it because we know what's right we know what a radical movement is a radical movement is well look what you had with the bolsheviks you have. masses of support they will direct appeal to the last directly appealing to the narrow you're not going to go to a break and after that short break we'll continue our discussion woken them a part. of . the world is driven by a dream shaped by. the dares thinks. we dare to ask. them to use there's a world of a lot more searching of the little m

ideals, saying, quote, the engineering elite of silicon valley may know more than most about buildinge but not about how society should be organized or what justice requires. our company was founded in silicon valley but we seem to share fewer and fewer of the technology values and commitments. big words from the ceo >> to our guest. thank you for joining us here. take us through what the public offering would be. >> as you mentioned, i am a private investor i've been vesting in private companies for over 50 years. i look for similar patterns why industries evolve over time. that space is a data mining, processing company as my career have been in digital advertising, this will come into the space in early 2000s, i learned quickly that data and data processing will be the future looking for a couple of investment opportunities in the space. when i entered palantir in 2013, it felt clear they were doing something different in a space helping companies and government entities to mandate that data. a lot of companies in the past have not seen the data nor have they been valuing the data

majoris a reason that no player in silicon valley has tried to enter into that.ve -- we have community standards against violence, eight, all sorts of other things . posts for instance from the president in recent weeks and months. on the whole, we think that politicians in an open democracy should be able to say what they want to voters and therefore what they want about each other. one of the significant additional announcements we made last few hours, we will apply much more aggressive labels to post. efficacy,ubt on the the legitimacy of voting methods. we are asserting very clearly for our users that, for instance , voting by mail is a trustworthy way of voting in the election. emily: how concerned are you about election night, that the results could be contested, that there could be chaos? how much of a risk does facebook face? nick: i think it is a very real risk. many more people are likely understandably in a pandemic to vote by mail and mail ballots tend to be counted later than in person but -- in person votes. there is likely to be a discrepancy betwe

in silicon valley in its early days. but it has continued through, there is a thread line that gets us to sharing economy platforms. sort of more prominently obviously to the nonprofit platforms that were also founded at this time. and those are important. couch surfing started as a nonprofit, you don't pay money, repair cafÉs, tool i braced make or spaces. but also some of the for-profits use the same sort of cyber utopian discourse. but there was a another strand within silicon valley which is what we might think of free market text which is the idea that the government is bad, the corporations are good, corporations are going to get us all this good stuff. unfettered corporations bring freedom, prosperity, liberty. and that of course is the uber alessa fee. so there is a sort of right wing silicon valley discourse and a more left-wing one. and you could see both of them so-called sharing economy. i just mention the nonprofits import in the founding of the sector europe especially. they're part of the earlier community

and talking about that is the ceo of the silicon valley businesses group.for joining us. >> thank you. it's a real pleasure to be here. >> where are we now in your mind? what are your big picture goals? >> that's a great question. where we are now isn't where we need to be. you had a segmen a couple everythi segments. i heard golf is a white man's sport and you can say the same thing about being a ceo in silicon valley. as you see me step into this role recommending 350 of the most influential in the is silio valley, the state, i think they know it is time to change. our companies are getting off the sidelines. our companies know it is a time to act now and we have a limited window to act. to answer the question very succinctly, where we are isn't acceptable. and i'm here working on ideas that i think will be pretty huge to change the make-up of our boards and try to better reflect the communities that we serve. >> all right. i'm ready for a football conversation. for now, what are the big ideas? >> we only have a limited amount of time. >> sure. i'm focusi

most important power player except he doesn't like silicon valley.atisfied with the left-leaning politics with the bay area calling silicon valley a one-party state. he hasn't spoken much to media and declined an interview with us today but his hand and perhaps his influence can be seen in the upcoming class of tech listings. his vc firm founder's fund an early investors airbnb he was an individual investor in asana at their seed stage and of course he helped found p palantir with founder shares now, palantir also recently left the bay area moving its headquarters to denver echoing the dissatisfaction with the valley ceo alex karp quited the increasing tolerance and mono culture of silicon valley it went further criticizing other tech companies that, quote, sell, collect or mind data built on advertising dollars. agree or disagree with those sentiments they certainly do things differently and we're seeing some of the company's backed by him or his network do public listings a little differently as well. instead of traditional ipos. palantir and asana

>>parts for congress shot down is not a solution matthew motherhood with these silicon valley organization led a conversation monday urging santa clara county officials to create a better pathway to further reopen the economy the state and the county have 2 different for safely reopening your car. >>our businesses are caught in the cross as a result the organization paints a grim picture stating nearly 30% of small businesses in silicon valley have permanently closed are on the verge of closing. >>san jose city council member johnny camus says with no additional funds coming in to help prop up businesses. it's time for the county to act want to start by saying government can't be all about saying no one ever asked the county to clarify when esta titian services can reopen in a statement here i always received we don't now has the answer. >>we have not been classified and it here. this is unacceptable. those in the health and beauty sector as well as faith organizations are asking the county to consider a five-point plan towards reopening which include flooding leaders of the coalition part

england,as born in grew up in silicon valley. a holocausts refugee.d no high school education, no college education. he escaped to palestine and soon as he could he and listed in the british army. to view was the only way find a peaceful place was to have a skill that people needed. he decided to teach himself physics while in the army. he used to tell less as kids that his fellow soldiers would tease him and say " you would die -- you will die before you get to use physics." place at thea university of manchester. he got a phd. he was given a position at harvard. the only two places he ever worked was harvard and stanford. ruth: you -- david: you went to stanford underground yucca -- you went to stanford undergrad? ruth: yes. david: you got an mba from wharton then you went to wall street? ruth: i went from stanford to the london school of economics then to warden. i'd was can -- i was convinced i wanted to understand companies their problems and how to fix them. it went from completely --vinced to doing i was david: was it 50% women? ruth: far from

four silicon valley companies going public including snowflake and unity.nies raising a lot of cash but who are the real winners? the offerings netted billions for venture capital and firms like sequoia. joining us now for more on the big week, brad, altimeter capital founder and ceo. you are an investor in snowflake as well as unity. what did this mean for you? they are significant moments in time in the lifecycle of two really iconic businesses with iconic founders. they are certainly overnight successes. snowflake, seven years into that journey with them. unity has been on the journey for over a decade. i thought there were moments to reflect on incredible software companies they have built. the truth is the best lies ahead for those companies. emily: we interviewed the ceos of all the companies, all the tech companies that went public last week, including the snowflake ceo. huge story and that the shares at a huge pop, over 100%, which also means they left a lot of money on the table. unity had a big pot, not as big as snowflake. take a listen to what f

palantir has been in silicon valley, up until recently for 17 years. in silicon valley, defending the war fighter, providing troops with technology to allow them to come home is very controversial. i do not believe a company like ours that takes consequence quenchally decisions for government clients and non-government clients could not be run without a tier structure. i understand why should they have a structure like that, what can i do if i don't agree? the primary reason we fought for the f structure, we need to be able to go to our intel and defense clients and say we will not just blow with the wind. those shares, for a company like ours, give us a unique ability to have long-term commit miles an hour to the most important clients in the world, both commercial and government. that's why i believe they're super important. i also again would encourage people, if that's not something you're comfortable with, there are many shares to buy you should buy palantir shares knowing the shares reflect our views. >> alex, we've often have the conversations i

you can expect a pay cut if you leave silicon valley to a less expensive city.on that ahead. ♪ ♪ now to a developing story. vmware employees who take up the companies offer to become permanent remote workers will get a pay cut if they leave silicon valley. us the fine print. vmware has an interesting scale by which they are determining salaries based on where they move. it vmware employees want to leave silicon valley or the surrounding areas, then they have to accept that the company is going to cut their pay should regionve to a geographic with a lower cost of living. for instance, moving from the bay area to denver, colorado, would cost an employee 18% of their salary. if they wanted to go to southern california, maybe los angeles or san diego, they would be giving up 8% of their salary. workersat a time when are encouraged to find a more flexible work from home solution. they may want to escape skyhigh rent and mortgage in big cities. also in an ideal world, would want to hold onto their big-city salary. what are other companies doing to address this increas

they have been turned into -- >>> leaving silicon valley. the companies are packing up and saying so long to the ceo b. by ensuring those speeds have wireless internet backup. so if the power goes down, your connection doesn't. and by covering all your connected devices with serious security. so we can handle this. and this. while you get on with this. and this. be fast, be secure. bounce forward. with comcast business. get started with a powerful internet and voice solution for just $64.90 a month. call or go online today. >>> live from the bay area studios, this is kpix 5 this morning. >>> right now, on kpix 5 and streaming on cbsn bay area, the race to the white house heating up. early voting beginning today across the country. this as candidates continue to debate over the reliability of mail-in voting. >>> prioritizing employees. important task at four cal osha to protect workers from coronavirus. >>> we're keeping our eye on the sky. will the smoke cloud up the weekend? we have all the answers for you in just a second. it is friday, se

to accelerate the rate of change >> rich, you broo i havely mentioned the lack of diversity in silicon valleyzillow is but one company. you can only do so much. do you think that change is coming in the valley >> it feels likes it for better or for worse, some people look to me to kind of figure out how they should behave i've been kick ii ii iic -- kic around this industry for some teem, and sometimes it just takes a nudge. i should also add this is a groundswell coming from our employee bases, too. this is something they want. they want to work in companies there have leadership opportunities for bipoc and black talent in a part, we're responding to our employees. another one that's we've already heard in this hour, worth repeating, our customers are diverse, our customers are representative there aren't many more industries that are more representative than where you live, than your home or your rental it's just good business for us to have leadership and board directors that reflect that representation, that reflect the customer base. >>> before i let you go, can you speak to what you see

. >> when the pandemic change the face of silicon valley forever? the tech company is looking for a breath of fresh air away from the bay area. >>> the market just open up about 10 minu another day, another chance to bounce forward. let's do this. by making internet speeds fast and reliable. so you can keep up with your customers. by ensuring those speeds have wireless internet backup. so if the power goes down, your connection doesn't. and by covering all your connected devices with serious security. so we can handle this. and this. while you get on with this. and this. be fast, be secure. bounce forward. with comcast business. get started with a powerful internet and voice solution for just $64.90 a month. call or go online today. >>> welcome back on this friday morning. it is 6:42 and check out current air quality conditions. we're looking good with that good, fresh, clean air. changes for the weekend, i am tracking the return of some smoke details on that are coming up. >>> new this morning, are banned on tiktok just days away. diane king hall i

>>can good parts for congress shot down is not a solution matthew motherhood with these silicon valleyganization led a conversation monday urging santa clara county officials to create a better pathway to further reopen the economy the state and the county have 2 different for safely reopening your car. >>our businesses are caught in the cross as a result the organization paints a grim picture stating nearly 30% of small businesses in silicon valley have permanently closed are on the verge of closing. >>san jose city council member johnny camus says with no additional funds coming in to help prop up businesses. it's time for the county to act want to start by saying government can't be all about saying no one ever asked the county to clarify when esta titian services can reopen in a statement here i always receive we don't now has the answer. >>we have not been classified and it here. this is unacceptable. those in the health and beauty sector as well as faith organizations are asking the county to consider a five-point plan towards reopening which include flooding leaders of the coali

and so we moved to silicon valley and that's where i grew up. >> you went to stanford undergrad?> i did. >> did you major in finance? >> economics and international relations and thought i would be a lawyer just like you. david: well, you were smart not to do that. you went to warden m.b.a. school. and you went to wall street? >> i actually went from stanford to the london school of economics in warden. i assumed i would be a consultant. i was convinced that what i wanted to do is work with companies and help them understand their problems. but then i took a fascinating course and a great teacher and he opened my eyes to this great thing called wall street. i was completely convinced i was doing one thing. but to completely convinced the only thing i wanted to do was mergers. >> when you worked at morgan stanley was it 50% women? >> far from it. it was 1987. and it was sort of the stone age for -- for any sort of sense of what was the role of women in banking. in fact, i think that general attitude was that those of us you who were there would get married, have kids and leave. we

listen, silicon valley is in a real awkward position, particularly facebook.d of drew a line in the sand a few month ago. said he would be impartial. he is getting beaten up and backing down. is the campaign worried about that? >> i think the campaign suspected all along somehow silicon valley was going to try to continue to thwart our efforts. so we're not really surprised at this. you know, to your point, it is going to disproportionally impact the trump campaign, everything we say or do they try to censor, and have been censoring for quite sometime but it is suspect though. at some point this looks like election interference. how can you continue to run certain ads up to a certain point and then stop? what if there is another steele dossier that was debunked comes out in the coming weeks. there is no way for the trump campaign to defend against it. so i do think it's a problem. charles: i think there will be october surprise. there always is. what is interesting with the comments about the super-pac, with the police committing violence against black, young

a huge deal made in silicon valley. nvidia said it will buy the british chip design company arm for $40 billion. arm licenses out the design of its chips to companies like apple. it's really the most important tech company in all of great britain. nvidia is a huge success story here in silicon valley. the second best stock performer on the fortune 500 in the past year. it's now more valuable than intel. silicon in silicon valley comes from chips. oracle seems to be the winner in the bid to buy the chinese app. washington wants to force a sale. it says it's suspicious. the chinese government may have access to private info tiktok gathers. this does raise two questions, though. first, why would oracle want a teen video app. oracle is not a consumer business. it's a database company. the leaders have been supportive of donald trump. trump is the one ordering the sale. in fact, the president says washington should get a cut for forcing the sale. the second and bigger question is if the deal will satisfy the white house. thi

all right coming up next on the kron 4 news, a silicon valley startup company thinks it may have come up. >>with a way to help solve the bay area's housing crisis that story coming up in just a bit stay with us. welcome back everyone the time now is 8.46 good morning and thanks for staying with us. yeah let's get an update on the forecast we've got john trouble in the weather center with that. o conditions outside this morning have actually been pretty nice there's a couple of patches of fog that are beginning to lift and move out across the bay says going to set us up for abundant sunshine for much of the rest of the day low pressure area to our north and advancing cold front will keep a lot of the heat. >>that we are about to see this weekend. all least out of the bay area we are going to see some nice conditions throughout the course of today and into the first few days of fall starting tomorrow until friday. looking ahead to future cast conditions remain dry today, a couple couple spots of fog in there from time to time into tomorrow morning. overall sunshine prevails in this fore

we'll talk about the apps partnership with a silicon valley company.oming up. >>> california's unemployment money has stretched from coast to coast. a woman 0 from staten island, new york, is baffled after gets dozens of letters or debit cards from our state's employment development department and the mail for her just keeps on coming. just a few hours go, our investigative reporter with her what she believes is fraud. >> do you have any connection whatsoever to california? >> none. i've never been there. >> so what did you think when all of these debit cards showed up in your mailbox? >> well, at fifth i thought it was just junk mail. there were three or four. i threw them out. i didn't realize, actually, where they were coming from, until the second day when we got five more. and then opened one, and i was, like, oh, well, somebody must need this, but then i realized these five people don't live at my address and could have not lived here in the last 10 years, and then the third day, we got even more, so i started to look into it. >> what did you mak