will a.i. technology mean less jobs for a.i. -- for wealth managers? 0 the chief analytics and data officer for morgan stanley. you are in town to speak the an a.i. conference. what is morgan stanley's vision of the implementation of a.i.? >> first you have to start with what we believe is a.i. proposition for financial advice. that is a trusted relationship between financial advisors and their clients. we have done analysis, and even in 2018, people still want to talk to their advisor. engagement is the number one driver. the question becomes how do we make that vizquelor better at what they do? how do we augment their processes and their capability to deliver the best vice to everybody this their book in an efficient way. artificial intelligence does very things that are specific in technology that help advisors do that in a very different way. >> how does the rise of a.i. impact hiring? do you need to hire less advisors in the future? more revenue? >> it makes us have to hire more data scientists, that is number one. there is an opportunity. we fund

to be clear, the a.i., very far away from being able to talk to you about what to do with a child that was just born with autism. those are very, very unique situations, and that is so much of what the financial advisors are delivering to their clients today. >> when do you see a mass adoption? >> we have employed our artificial intelligence platform to our 16,000 financial advisors for six months. they are at it every day. adoption rates are high because they see it as an augmentation to their business. >> jeff, thank you so much for stopping by. >> thanks, emily. emily: one stop wedding registry site zola makes wedding planning easy, but getting zola started wasn't so simple. the co-founder tells us about the trials of fundraising next. this is bloomberg. emily: one stop wedding registry site zola makes wedding planning easy, but getting zola started wasn't so simple. when shan-lyn ma first began pitching her online wedding side zola, she said three out of four investors turned her down. it didn't immedi

coming up, the first cybersecurity company born in a.i.ut as attackers get stealthier, will they begin using a.i. too? we'll discuss next. you can czech us out at technology and follow our breaking global news network tictoc on twitter. this is bloomberg. ♪ emily: a cybersecurity start up refers to its technology as an immune system. learning the intelligence of the human body and identifying threateneds to a company's network. ow with increasing scrutiny on cybersecurity, it has expanded d raised $60 million inefunding. we have the c.e.o. here. thank you so much for being here. you founders are former british intelligence agents. there are so many cybersecurity start-ups. what sets yours apart? >> i think what makes us really unique is we can install in mere minutes and actually start providing value right away. in fact our artificial intelligence not only detects the threats inside networks but we do this really unique thing which is actually have the machine fight back and contain he attack in mere seconds. emily: how is that different?

. >> this is an -- a.i. challenge.ering with the drone racing league to compete essentially the best a.i. against the best human drone -- so for anybody that has seen drone racing on tv, we're raising the bar there. we're challenging people out here at the conference today and around the world to develop the technology that will not allow an autonomous drone to meet and beat the human race. emily: there will be no human intervention? >> once it works, it has to go n its own. it has to navigate and complete the course as fast as possible. these are speeds up to 90 miles an hour. emily: the technical challenges making this possible? >> a couple of things. like i said, this is all about putting complex and high-powered computing into a compact lightweight and power device. these are small drones moving at high speed. they are going into -- you have seen on tv, these drone racing courses. these are complicated 3-d courses where they have to maneuver around obstacles and complete the course as fast as possible. ultimately w

. -- human-a.i. interface as these technologies move forward. finally, with five nobel prize winning scientists in its ranks, nist continues to track some of the nation's leading scientists. even so, recruiting and retaining top talent is a challenge. and this bill provides flexibility to help nist bring on and train the best and brightest measurement scientists in order to remain at the leading edge of emerging technologies. i'm also happy to see the bill increases support for the labs program and funding for manufacturing extension partnership program. in the future, i hope my colleagues will support increases for necessary improvements to nist's agencying lab infrastructure. mr. speaker, i urge my colleagues to support h.r. 6229 and i reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentlewoman from virginia. mrs. comstock: mr. speaker, i yield five minutes to the gentleman from texas, the chairman of the science committee, mr. smith. the

it's especially true when you build all these tools, a.i. the like, they mirror the work force doing that, mirror the population it's going to serve. >> tell me about your mother. >> well, my mother, single mother raised all four of us. i was 16 at the time when my father left and left her -- kind of left all of us. and she hadn't had a college degree. didn't have the skills to go back to work, no money, time, no food. and really was by watching my mom that i learned probably one of the most valuable lessons i talk to work today, which is never let someone else define who you are, ever. what my mom showed all of us by her actions after this had happened, she was no way going to be defined as a single mom, someone on welfare, whatever it was. she went back to school. i had to help, i was the old est. but she went back to school. she got a degree, she got a great job. all four of us, i would say i'm the under achiever of the group. all four went to college, have advance degrees. did fantastic. it was just by watching my mom. she never complain

so much is focused technology and a.i. and the big question is will a.i.ety, or will a.i. help in our downfall. >> that depend as what you do with it. you u can build the very same societies with the same technologies just as you can use trains, electricity, and radio to fill come is in tick dictatorships or fascists. in the 21st century you can use a.i. tech joy to build a paradise or hell. it's up to us. >> what about jobs though? one of the stories leading up to this interview was about the need to retrain workers and the feared loss of jobs due to automation. what can we expect in decades to come when it comes to jobs? >> well, we can expect two things. the job market will completely change. much of the struggles that people will have will be against irrelevance and not exploitation. >> yeah. you said there's a real risk we could maintain a classless useless class of people. >> that's the biggest thing. people will loose their economic value and also the political power. now there will be, of course, new jobs. some jobs will disappear. many jobs will d

there are a.i. is in the a new fields but -- field but the application of a.i. at scale is rather new, especially to us and our company. so there are best practices being developed that we are learning as quickly as possible from. and more importantly, trying to measure those outcomes in terms of bias and impartiality. mrs. dingell: as we build on that, your engineers have an ability to see and understand why an algorithm made certain decisions? mr. dorsey: that's a great question. it go into another field of research in a.i., explainability. which is encouraging engineers enables a function that the algorithm to describe how it made the decision and why it made the decision and i think that is a critical question to ask and one to focus on because we are offload manager and more of our decisions to these technology, whether they be companies like ours who are offloading our enforcement actions to others or ranking angsts through algorithms or even personally, i'm wearing an apple watch, it tells me when to stand. i offloaded a decision to it. if it can't explai

the big question is will a.i. help us as a race, will they help us as a society, or will a.i.epends on the question of what we do with it. you can build very different societies with the same technology, just as you could use trains and electricity and radio to build communist dictatorships or fascists. you can use technology to build paradise or hell. it's up to us. >> one of the stories leading up to this interview was about the need to retrain workers and the feared loss of jobs due to automation. what can we expect in decades to come when it comes to jobs? >> well, we can expect two things. i mean the job market will completely change, and much of the struggle that >>> welcome to "cbs this morning: saturday." i'm anthony mason with michelle miller and dana jacobson. coming up this hour, up in smoke. investors lose millions after tesla founder and tesla ceo elon musk uses marijuana during a taping. why it's another concern for the company. >>> we'll take you to a special new exhibit. >> and thomas the tank engine has entertained generations of children. now the people behin

. >> this is the autonomy of a.i. challenges bringing back to the world of high speed play.e partnering with video and drone racing league. if you see this on tv, we are raising the bar and raising the excitement level. we are challenging people out here at the conference today and around the world to develop the technology that will allow autonomous drones to meet and compete in a complicated race. emily: there will be no human drone intervention. keoki: once it goes, it has to work on its own. that is what we call edge computing, to navigate and complete the course. as fast as possible. these are speeds up to 80 miles per hour. emily: talk about the track that you use and the technical challenges about making this possible. keoki: a couple of things. it is all about putting really complex and highpowered computing into a very compact, lightweight, low size weight and power device at the edge. these are small drones. movement is very high speed. they are moving into you have seen on tv these drone racing courses, these are 3d courses where they have to maneuver around obsta

i think a lot of them describe our focus on the real economy versus a.i.fresh air in a world that is always talking about the machines are coming and taking everybody's jobs. we are like, no, automation could be a good thing if we work with those companies that believe we should all benefit from it, rather than the 1%. emily: so, you make a point to point out that this is the first fund, the largest of its kind, led by a black investor. why is that important? ade: for me it has been a journey realizing that is important, because where i grew up, i am half spanish and the nigerian, and because i grew up in spain i was the only black kid around and it made me not to have a racial identity. but the u.s., i have found over the last decade, is the u.s. gives you a racial identity whether you want it or not, and we are in a place where historically people have been treated differently because they look different, and that has resulted in these issues like the ones you have been talking about with lack of diversity in tech. infamy in a unique position, and i real

what do you say about his comments he is concerned about a.i. is too much power and danger in all the data flowing around and how it is used? >> i totally agree with elon. we have to be. he is trying to have it regulated for years now. unfortunately it has gone on deaf ears. cheryl: that is interesting. bull market, nine years and charging. a little pressure on the dow. a lot of bigger issues worry investors and tax cuts an inflation s there anything that worries you right now that you're seeing out there? >> one of the things we're keeping a close eye on is the yield curve. this is the spread between the 10-year treasury and federal funds rate. we're not close yet where we have to start worrying. maybe a year or so out before we worry about the markets. cheryl: we'll hear from the fed couple weeks, with the fed rate decision. that seem as little baked in. how much is question mark now. >> we expect them to keep raising rates. the economy is speeding along. the job market is doing well. their job is to tighten when the economy takes off. that is

a.i. is a great example, we talked about trades with tariffs, china is spending billions on ai.e talks about border walls, taking a name. >> stuff like that. that wasn't the funniest part of you being but the boss has overruled me running that part. >> there was a funnier part, but we're going to leave it there. >>> time gnaw for andrea mitchell. >>> right now, trump strikes back. in a fiery campaign speech, attacking the news immediate twra he democratic critics. >> one after another, donald trump, he's lost it up here. you know, it's pretty tough, i stand up here given speeching for an hour and a half, many times without notes, and then they say he's lost it. yesterday we have 25,000 people showing up to speeches. >> full-court press. democrats make their last stand, challenging bret cavanaugh on abortion, on minority rights, and his role in the mueller probe. >> who was the conversation

there are -- a.i. is not a few field but the application of a.i. at scale is rather new, especially to us and our company. so there are best practices being developed that we are learning as quickly as possible from, and more importantly, trying to measure those outcomes in terms of bias and impartiality. >> so as we build on that, do your engineers have an ability to see and understand why an algorithm made certain decisions? >> that is a great question, because that goes into another field of research in a.i. which is called explainability, which is encouraging engineers to write a function that enables the algorithm to describe how it made the decision and why it made the decision. and i think that is a critical question to ask and one to focus on because we are offloading more and more of our decisions to these technologies, whether they be companies like ours who are offloading enforcement actions toal go r algorithms or personally. i'm wearing a watch that tells me what it's doing. if it can explain to me why it took that action, it becomes q

. >> if you look at cloud, a.i. and the open data initiative, the idea that even a small business in indonesia can now icrosoft toobe and become that much more efficient is the real opportunity. so youre bringing down that barrier to be able to use thete and greatest technology for every business int every p of the world by really working together. >> as you can see, all threes, compan microsoft, adobe and sap were higher in today's trade. >>> united technologies is reportedly considering selling its chubb fire and security unit for more than3 billion. reuters says the company is likely it announce that decision within the n two months. shares of united tech fell by 1% to $140.34. >>> and weight watchers is changing itsameo ww. the weight loss company said the name change reflects a new focus on ovall health and well-being. >> this has been part of anio evol of a journey to go from being undisputed leader in losshy eating for weight to much broader than that, to truly be a partner to people in overall wellness for w

that's a really easy one for somebody who thinks that this content and storage platform has a nascent a.iss and there's not too many ways to do that and box could be it so to me, it's really hard playing for takeouts and we don't want to be just buying calls all over the place one of the things is a risk reversal what is a risk reversal? in this situation, a look out to january expiration the stock is trading at $24.65 i can sell the january 2019 strike 20 put. i can sell that at 65 cents and buy one of the calls for 95 cents. that trade costs me 30 cents so on january expiration, the stock is above 30. i have profits the highest probability outcome is nothing happens and i lose that 30 cents. what am i trying to do here? put a place holder in the name that i have no idea what the outcome is going to be but it could be a take out candidate and you're going to see this thing back up in it's prior highs. >> even if it starts to get going without a bid coming in. and although it's a $3.6 billion market cap it does have the balance sheet so if you figure they're going to throw a 20% premium o

million market cap and that's easy for someone who thinks this content and storage platform has a nascent a.iss and there aren't too many ways to do that and to me box could be it it's hard playing for take-out prices and we don't want to be buying calls all over the place so one of the things that i like to do every once in a while is a risk reversal where i define the level in which i can get leverage to the upside and what is the risk reversal might get a call spread with the risk reversal and in situation i look at when the stock was traded at 24.65. i can sell the 2019 strike 20 put. the stock's at 24.65 i can sell that at $24.65 and i can buy the 2019 exploration for 95 cents that trade cost me 30 cent, okay on january expiration the cost is 30.30, i have profits and if it's below 30.30, i have losses. the probable outcome is nothing happens. what am i trying to do here? i'm trying to put a place holder in a name whery have no idea what the outcome will be and it could be a take-out price candidate, and you will see it back up in the prior high. >> even if it starts to get going without

wide open market for those school services and i guess a believes it needs to do search if it does a.iher things in china. how theyecessarily see are connected but i am not in those negotiations with china. the problem is that google is incredibly disingenuous about his explorations over google search in china and it in been raked over the coals washington for some of the work it is done internally to prepare for if and when that happens. i just, there are so many questions about what google might do in china that google has entirely sidestepped. brad: marc, is there any way for google to go to china? marc: i think it should continue to promote internet use and access to information online. without restriction. those are universal values. that are respected in the technical and engineering community. there's always and needed to accommodate local governments when you move into their markets. but i iwa really taken aback because google really has pushed for a number of years to oppose censorship and now with china there developing what would be the world's most advanced ch service.e sea

. >> host: so what is exactly the role of a.i. when it comes to robots? >> guest: artificial intelligence robots are basically the same thing, but we have an artificial dividing line. a washing machine is technically a robot. >> host: but you're not including that in -- >> guest: i don't. the kind of robots i'm talking about where a welding or machining task could be done autonomously, a small drone could take a package, deliver it or bring it back. or where i could say to alexa, i'm thinking about flying to las vegas next week. what are the flights looking like? i don't want to tell her the day because i want the robot to be smart enough to remind me, well, mark, you know, you're supposed to have lunch on saturday with so and so, you've got a trip planned with your children this day, what day the did you really want to fly. that kind of interaction doesn't exist now. it can and should. that'd be useful. >> host: mark mills, you talk about a concept called ambient computing. >> guest: yeah. >> host: which is what? >> guest: i don't take credit for creatin

the e-commerce giant has revealed a slew of new devices designed to integrate alexa further into a.i., including clocks, microwaves, and alexa for your car. dave witte joins us from amazon headquarters. thanks for joining us. a lot of products here. which one is hard to believe? do you believe is the most important and why? >> i think a lot of the products were important but, i find if i had to pick a couple, i would say the new echo dot was a great product. it has been the best-selling speaker ever. now we have improved it across a lot of different dimensions. i think customers will love the better sound. then also, the new echo show, a bigger screen and brighter display. it continues on our path to have alexa show you things. new productauto, a that brings alexa into your car. dave: we have to talk about the microwave. emily: perhaps the most unexpected product you unveiled today. how does it work and why do you think this is a good opportunity for amazon? the amazon basics microwave was about building a design showing that you can connect anything to the internet and make it smarte

i saw a story in the paper today, that there's another company making a.i.will compete with america, we have to have tried aade and we to have open borders. t the open borders are to get people to come and buy and sell here. and we can have restrictions on what we sell and tariffs on some of them. there's nothing wrong with any of that, but it has to be a balance thing that you have thought out and negotiated over the years, so for example with china, i think we should -- we have put a lot of pressure on them to open their markets to us, so we can start businesses there and they can buy our products. but at the same time, having a trade war makes no sense at all. because we'll put tariffs on our products. the american public will pay for that and we exempt certain things, the chinese government, they see the list of the ones you exempt and they know you care about that and they'll put that on the other side. trade wars don't win. i don't know how many times we have to go and say that. enough, let's get off the voodoo economics and do something serious here.

the company making a.i.ch will compete with america to get people to come here and create the company here. the trade is to buy products around the world and sell products around the world and we can have restrictions on what we sell and tariffs. there is nothing wrong with that. it has to be a balanced thing you thought out and negotiated over the years. for example, with choina, we should put pressure on them to open markets with us to start businesses there and buy our products. at the same time, having a trade war makes no sense at all because we'll put tariffs on our products and the american public will pay for that and we exempt certain things. the chinese government sees the list of what you're example and they care about. they will put it to the other side. trade wars you don't win. i don't know how many times we have to go and say that. it's like it just doesn't work enough. let's get onto the voodo, i c can -- economics. >>> more of my interview with michael bloomberg when we come back. battered,

>> kat, i believe all of this is pointless, once robots and a.i.relevant? >> really? that's my question. greg: i was trying to find a safe way out. >> don't want to talk about robots. greg: no? okay. >> it's a good thing, more companies should be offering children-free experiences. if i get rich, i want to start my own airline called party bro airlines. greg: really? >> there are no children, and all the drinks have booze in them and there's karaoke and the vaping is not only allowed but encouraged, and all the flight attendants have to wear togas, bed sheet togas. you would fly that sgr. greg: i think i have, actually. >> it was a bad trip, i don't know. >> the children, if they sink, it's just women first, we've got more of a shot. [ laughter ] >> that is a brilliant point! yes! >> and also you and i get choice of booster seats in the dining room. greg: that's true. >> whoa! >> it was going so well. >>> up next, a story that rocks america this week. that's a tease that means don't go to bed. you control your blood sugar. toujeo not only provides

could i ask you to stand or commission members, task force members, senator a.i., ambassador eikenberry, ambassador dabrowski, board chair steve hadley. thank you, thank you each of you. ambassador johnnie carson. [applause] the task force is further supported by a group of senior advisers, many of whom are also here with us today and we thank you all for the idea and the energy that you are putting into the task force. so our program tonight gives us an opportunity not only to reflect don and honor the legacy, but also to look forward to the combination of their efforts through their work with the task force today. under their leadership, the task force has produced an interim report. you will find inaccuracies. this report serves to underscore the interlocking nature of the challenges posed by fragility and extremism. over the next few months, these interim findings will inform a final report, which will include very specific concrete proposals for how we turn a decade of learning and scholarship into action that matters. we have a lot of work ahead of us. we welcome everybody's good.

but we are looking to partner with companies that have new ideas, whether it is autonomy, a.i., sensorsine learning, quantum information sciences. these are the technologies that are going to bring the next advancements of these capabilities. emily: where do you think you find the technology that lockheed martin could help develop? keoki: absolutely. we are looking to collaborate with small companies through large companies. we are actually out here on the floor today at techcrunch. we have representatives from our lockheed martin ventures fund, a $200 million venture fund, who are looking for companies who have commercial and interesting technologies. they have a range of challenges from undersea to deep space. emily: so you know, we talk about self-driving cars, but in reality they are probably a long way off. are we farther along when it comes to flocks of drones that can be controlled by a piloted plane with or without human interaction? keoki: let me give you just a couple of examples. i will use one in the military. you will recall a few years ago there was a big problem with , im

extension of the hearing, and thews today thaet th republicans in the senate agreed to go along with an f.b a.ivestigati a vote. in a week, i have been told, tht senate has formally gone into a session to consider the ilvote. we're talking about a week, but what do you make of the turnaround by republicans in the senate and the presint? >> first, independent to say a word about jeff flake. jeff flake's a senor from arizona. when tim kaine was nominated for president by the democrats i 2016, he middle east tweeted the statement, can't count the ways i hate tim kaine, coming up with a blank, good man and a good friend, and that's jeff flake, h he has friendships and one of the friendships is chris coons,r the democratm delaware, and these are two people who are senators, they treat each other as human bengs and treat oter senators as human bei fngs. jeake did the senate a favor, he did the supreme court a favor, he did the entire country a favor, nothe least of which his own -- judge kavanaugh, did a favor, too, and he did his party a favor. if this nomination he had been railroaded through, strg

well, maybe if trickle down isn't working, maybe we could just layer on a.i. or something, you know, or like ubi. captain the of industry who are advocating for ubi, maybe we can just keep intact gross wealth inequality but continue to have demand stimulus by having ubi. >> right. ubi, as i keep saying, it reduces the power of buick record city and -- bureaucracy and increases the power of the people who are getting it. psychology has a lot tad with it -- to do with it. it sounds like a handout, but it's not because you're actually acknowledging the role that people have in creating the things that make wealth possible. because there are things that are equally created by all of us every day which are the real basis of all this wealth. i i mean, insofar as there's high-tech which makes bounty possible, it's created or, first of all, you know, basic forms of knowledge that make that probable includes things like english, you know? common wisdom, language. that's created by everybody. all of this stuff that combines in the forms of knowledge which make possible

biometrics and a.i. around it. there are some real great possibilities for better security moving forward. with that will probably come some regulation and that sort of thing. when i think forward for this community and how they think about security i'm excited to see what new stuff our smart guys and girls back home are working on. lee: for us this cycle i think there's been a lot of education on two step, two factor, sometimes mandating it on certain platforms. that is a real learning this cycle. as we look to 2020, we've talked about security -- some articles have come out recently talking about google employees have used security keys on our gmail for years and have not experienced a massive hack. just last week we rolled out security keys available to d suite users. if your campaign uses a g suite the tightened security key is out this and we highly recommend it. if you're using gmail for personal there is the advanced protection which is a security key you can buy online, both available online. both you could

[ applause ] >>> so my aide told me that i should just get up here and say great power competition, a.i., drop the mic and drop off. so, robbie, i've done it. you're welcome. i'll put that on your support form. good counsel from my subordinates. thanks so much for allowing this opportunity to speak to you today. i look forward to the questions. i just had a couple of things that i wanted to share with you before we get started in the q & a to talk a little about my last year which is my experience with dia. it's not reallyhe

is it a.i.? >> i think it's clearly a.i., machine learning. we see how fast it's coming.t to stop and say are we competitive enough wherever we are in the world. i'm keen on the future of manufacturing, just where i came from. i think that's really interesting. maria: you think there's a market for that, manufacturing. >> i definitely do. this is a thing that's not going away. we're not going to become sort of automatons in the cloud somewhere. we have to invest in that. i worry about leaving people behind, whether a company, a country, that's what we have to think about. maria: thank you so much for joining us. the future for sky, the details as fox sells its stake in the british broadcaster for $15 billion. a double take for high tiger woods, the response after a golfer meets a teen named after him. back in a moment. ♪ ♪ this is the angel oak. some say the oldest living thing east of the mississippi. it's weathered countless storms. battered, but never broken, it stands for the resilience within us all. ♪ (nicki palmer) being a verizon engineer is about doing things rig

looking at both the exquisite data and the mass amounts of data and finding better analysis, better a.i, better human training, etc., on top of it. secondly, perhaps more interestingly, what are the flashpoints, what are the issues that keep you up at night that you are keeping a close eye on, that you brief the secretary of defense on to the extent you can let us know? lt. gen ashley: from indication warnings as it relates to ai, machine learning, that will be a huge enhancement for us. let me put it in the context of tradecraft. indications, warnings, you have to understand the problems. we have warnings, problems, and we look for indicators. the indicators are only as good as you have a sensor to sense them, the information coming in. you want to make sure you are able to design that, bringing information in such a way that the click half any of all the information out there, it doesn't just get lost in all the noise, and ai will be able to help us do that. part of that, and it goes back to an earlier question when we talk about analytic tradecraft and the degree of confidence. sayn

[ applause ] >>> so my aide told me that i should just get up here and say great power competition, a.i., drop the mic and drop off. so, robbie, i've done it. you're welcome. i'll put that on your support form. good counsel from my subordinates. thanks so much for allowing this opportunity to speak to you today. i look forward to the questions. i just had a couple of things that i wanted to share with you before we get started in the q & a to talk a little about my last year which is my experience with dia. it's not really the last year because dia has been part of my kind of growing up in the intelligence community. so as we talked about in the bio, the 21st director. on 3 october it will be one year on the job. somebody says, well, how's that going? it's going pretty awesome because of the people that i work with. it is a phenomenal group of officials that work at the defense intelligence agency so i consider myself very fortunate. they say you want to surround yourself with people a lot smarter than you and i do that every day i go to work. i am a work in progress in terms of learnin

their investor reading says they're going to invest and billing their own chip specifically for a.i.,hat's going to be enormous that's an enormous capital investment that's the u.s. for a long time dominated. alibaba has depockets that could destruct a lot of the players. >> exactly well, president trump is heading to north carolina this morning to assess the damage of florence the president is set to depart washington more than 50,000 people remain in shelters and more than 200,000 customers are without power. category one hurricane, we'll take you there live, we are looking at some of the devastating pictures that we are seeing of the flooding across the region we are getting reports about all the damage and not just the property like structures or the ones you are seeing but also the livestock. >> unbelievable number on the livestock. 5500 hogs, 3 million poultry birds. i didn't realize they raise 9% of u.s. chicken for meat this gets lost in the rush to cover infrastructure and obviously human life a lot of farmers will have to catch up on what were lost >> it is a tremendous dest

opportunities for people to run ads against, says that required both some new technology, deploying some of the a.ieen out videos, but also a lot of people who go and look at those videos and decide what should be screened out and what shouldn't? >> just a couple of years ago you ended a long tenure as the president of stanford. wondering what you think about unemployment where it stands right now and the fact that a lot of the students who graduated from stanford may have graduated without ever having held down a job. i mean, summer jobs that i grew up with are becoming quickly a thing of the past. how important is that for turning out a work force that knows how to act in the workplace? zblie think it's vitally important. my first job in high school was stocking shelves in a beverage aisle. that was a great lesson -- learning, working with people from all different backgrounds, and doing important work that's a good lesson, and it's good for young people to get that lesson. >> i want to can you about diversity. what is alphabet doing to address concerns in silicon valley, in your company about un

i don't want to short the stock is because it could be a takeout candidate for alphabet, which with a.iuse a back end into social otherwise it's a dead man walking. >> down 7.5%, thank you. for more trading nation, head to our website or follow us on twitter @tradingnation. >>> thank you sarah. let's head over to sue herrera >> thank you so much here's what's happening at this hour cardinal donald wuehl may step down over the ongoing sexual abuse crisis plaguing the u.s. catholic church. he'll fly to the vatican to speak directly to pope francis about his possible resignation. >>> a new report from the trust for america's health finds seven states had obesity rates at or above 35%. that's an increase from five states from the previous year. the highest rate is in west virginia, followed by mississippi and oklahoma the lowest rate, colorado. >>> stormy daniels is telling her story in a new memoir titled full discloser she alleges an affair with president trump announced the book on the view earlier today it's set to come out on october 2nd. >>> and usain bolt, experiencing life in zero g

. >> so for the next question, how much does solving the pilot retention crisis involve a.i. to fly aircraft or assist in training and the need for manpower, and do you see risks with high investment in there? so we'll go to the uniformed members. >> it's a topic of constant discussion from two perspective. one is combat systems in general are becoming -- are increasingly integrating artificial intelligence or some type of automated logic of some sort. that leads to systems that are increasingly autonomous, may not be fully autonomous, which means the training curriculum around those systems has to be modified because the role of a pilot or a crewmen changes. in some cases they may become more of a systems manager or somebody monitoring a system than they are operating a system. one of the things i always remind everyone of is people will challenge me and say, well, if the system is more automated or more autonomous, does that mean you no longer need to train people? i always remind them that system has to operate whether that ought aomany, that automatic system is working or

sources that are contrary to the values of google and they said they have algorithms and are working on a.ieal with that. control of news is one of the most powerful things you can do from a propaganda standpoint. doing things that the free flow of information is constricted is a great way to control what people think and how they vote. remember the whistleblower, there's a whistleblower who released this video. there was also the release of a letter from a google executive talking about how they were trying to boost latino turnout in florida in order to help candidates that they thought would be more aligned with their values. we are going well beyond even just search into election meddling and other things, there might be campaign violations here. this isn't just something where you should trust when the company says oh, nothing to be worried about here. well, i don't think they are really understanding all the ways in which they have power and how that power might be being abused. neil: well put. thank you. >> thank you. neil: you know, as i sit here, i think this obsession over bias and

offset the disruption of technology that's happening on the coast that will continue to happen with a.i jobs in the middle of the country if we don't back the entrepreneurs in the middle of the country. some of the challenges including on the political front are going to worsen. lot of the country is anxious and fearful of the future. they don't view innovation as a good thing. they view it as a bad thing that will potentially destroy jobs or communities. so we need to make sure we understand that startups play a critical role. we need to level the playing field so everybody everywhere has a shot at the american dream. we're creating jobs all across the country, not just on the coast. maria: you say three states get the majority of what, private equity? >> 75% -- venture capital. if you look at the venture capital dollars, last year 75% went to three states. actually, over 90% of the venture capital went to men, less than 10% to women. we have to make sure we back event onlevent onlyevery spfs er everywhere. the p entrepreneurs are going to lead the way forward. maria: love it. good to

is trying to be the leader in, like a.i., like certain technology in terms of technology, driverlessthe leading technology is that we're looking at as the growth industries of the future, that's what they want to win. >> you can't blame them for wanting to do that. maria: right, sure. >> it's up to them. remember, many chinese went to school in the united states. thousands of them. they go back, many of them, better educated and more willing to do things that they weren't able to do before. that's normal. but that doesn't mean we have to be enemies. we have to have a constructive relationship with china. a world with the united states and china as allies is a much safer world than if we're not. and that's an important part of this whole conversation. maria: what do you want to say to president trump as he deals with the leadership in china right now? >> we've got to find a solution. it can't be just increasing tariffs. china has to recognize they have to give foreign companies equality in doing business in china, same as they want in our country. that has to happen. i think most chin

it's a privilege coming next door to a.i. look forward to the conversation with my fellow panelist. i want to start by laying a little of common ground for any financial crisis. i think peter has given us an impressive and important charge of creating a record and i think whereas i'll probably fall onto the mainstream, you know, left of center analysis about the causes and problems associated with the cause of the crisis, i want to step back and talk about a financial crisis and you need two increed yents. you need the fundamental mispricing of an asset and leverage. one of these ingredients is not sufficient. this is extremely important to understand what the difference is between a bubble and a crisis. so i picked two of the most recent bubbles that i experienced. first is the dot-com bubble where you can see the price of equity markets fell. you had the fundamental mispricing of an asset. what was a click worth? what was a view on a homepage worth? amazon was worth $8, then $100, then $8 again. what is the true value of amazon stock? i don't know it now. i know if you bought at t

i'd take deal mechanics, even though i'm 60 years old now, because what computers can't take over, a.i. can't take over, mechanics, you know what i mean? that's why i'm considering changing jobs, because people aren't trained in business leadership and customer service, career management in particular. host: ahead of labor day, this first hour anyway, we're talking about the employment situation. we mentioned unemployment at a record low. but there are 6.7 mill john jobs left unfilled in the u.s., and labor statistics also saying there's just 6.4 million workers left available to fill them. here's how we've broken down the phone lines. if you are happy, that is 202-748-8000. if you're considering changing jobs, like our caller from las vegas, 202-748-8001. unemployed, retired, all others, that line, 202-748-8002. we talk about this as the a gallup report on poll about pay in the united states, and their poll says workers and advocates across the united states fight for higher wages, new research showed tuesday that four in 10 american workers believe they are underpaid. 43% said they a