we sit down with alec ross next. in the show, stanford has long been considered an ink you better of sorts for silicon valley startups. uc berkeley is looking to hop in. we will speak with that recent graduate leading the charge. ♪ emily: now to technology and automation as machines replaced humans and all kinds of workplaces, will new industries emerge? should we brace for a future of higher unemployment? the tech industry is developing a new idea known as universal basic income where everyone receives a monthly cash grant from the government regardless of their wealth. albert wenger of union square ventures has been a long time supporter of the issue. pilot projects are in the works in the netherlands. the swiss will both on a basic income referendum next year. so what will the future of work , look like? i spoke to alec ross author of , the industries of the future. senior adviser of innovation at the state department. you have thought a lot about this. what is the verdict? how much will technology and automation

we will sit down with leading innovation expert alec ross next. ♪ ♪ emily: two tech stocks on the moveng the most after forecasting second-quarter profit. seen as a sign, the efforts to lead in the cloud and artificial intelligence are not stopping a four-year sales slump. declining also, ebay citing signs of weakness and increased competition from amazon. how much will technology and automation disrupt industry as we know it? with driverless cars and chatterbox with things humans normally do. theirew industries take or are we looking at a future of higher unemployment. it is known as universal basic income. they would receive a monthly cash grant. they are funding research on the subject. another has be a long-term proponent of the issue. pilot projects are in the works in the netherlands, and the swiss will join them next year. it is on a basic income bill next year. what will the future of work look like. also formerly senior advisor of \the state department. you have thought about this, so what is the verdict? how much will technology and automation change the employment outlook an

we are focused on the workforce with alec ross. ♪ announcer: imagine having skin that looks this beautifuless, without having to wear foundation. imagine a product that covers everything, but looks and feels like you are wearing nothing. imagine one product that is clinically shown to make your skin younger looking in just 10 days. and can make you l

we will hear from alec ross, as well as sebastian thrun on his new initiative in china.berg west this weekend. ♪ ♪ emily: a story we are watching. ford paid a premium to get its hand on one of tesla's first suv's. according to registration documents, they paid $199,950 for a white model x, the 64th one made at the factory. the vehicle has been spotted in detroit. ford will often buy cars from competitors and tear them down to reveal components and materials. it is unusual to see such a high price for an early model. stanford has long been considered an incubator for silicon valley startups. could there be another major incubator an hour to the north at uc berkeley? jeremy fiance thinks so and has just launched house fund, a vc firm that will focus on investing in startups from his alma mater. they just raised $6 million from well-known names. he joins me here in the studio. you are 24 years old, right? >> yes. emily: just out of college, basically. why berkeley? >> we started the house fund, the first fund exclusively focused on berkeley startups, student and alumni star