what is it like to invest in tech in boston when the heart of tech is in silicon valley?> i live here. i commute quite a bit. it's smaller, but is very exciting. when we started back in 2005., it felt very early. the market was restarting in a number of ways. a number of companies have been >> i live here. doing very well here. tripadvisor. a lot of great things are happening here. emily: john, you have been around the world. do you think investing in the heart of boston can be an advantage? john: yeah, totally, i think boston is the best place in the world to invest in a startup. it is not as trendy. we have a broader spectrum of industries we support through mass challenge, including nonprofits. and boston has all of these areas, from health care and biotech to high-tech, even retail consumer goods, nonprofits as well. i think it is a diverse, smart community with a lot to offer. bijan: it is a much bigger market. i think the difficulty with silicon valley is hiring. it's difficult. overfished, i don't know. it's still the epicenter, to be sure. emily: how do get the fa

and boston has all of these areas, from health care and biotech to high-tech, even retail consumer goods, nonprofits as well. i think it is a diverse, smart community with a lot to offer. it is a much bigger market. i think the difficulty with silicon valley is hiring. it's difficult. overfished, i don't know. it's still the epicenter, to be sure. emily: how do get the facebooks to stay?ropboxes we do not take any equity -- emily: why would you not take equity? john: startups are good. we have taken it upon herself to support startups because they benefit all of humanity and all of the community. emily: if you invest in the next uber, you get nothing? get nothing. instead of getting a bigger slice of the existing pie, we focus on making more pie, and when there's lots of pie, there are lots of slices and we benefit from that. why did you pick boston for mass challenge? john: i am from here. my cofounder is an hbs guy. you mentioned facebook and dropbox. they started here. -- getset he first look the first look at the best startups on the planet. i think there's a reason why theon was not

boston. a huge discussion topic is the growing tech infrastructure. will hear from the person who helped spearhead the move to boston, mayor marty walsh. first, we want to begin with biotech because while boston may have fallen behind look on valley in internet startups, it is holding its own in this sector. massachusetts gets more than triple li na of funding from the national institute of health in california. venture capital funding also spiked to a record $2 billion last year. the area we want to focus on his cambridge, home to 180 tech companies and all five of the top london hospitals in the united states as well as harvard and m.i.t. our next guest comes from the heart of that area and is focused on genome scale technology and is using a vast database to help match similar cancer profiles and get doctors the best resources. foundation's cofounder is here with me as well as the chief commercial officer. thank you for joining us. i want to start with biotech because i'm curious how boston became the hub for biotech. guest: it starts with the univ

ofid: coming up, day two bloomberg west exploration of the boston tech scene.ed with emily chang coming up next. ♪ david: boston is still working to prove -- prove itself. why would i pick boston over silicon valley in this day and age question mark emily: first of all, there are 40 plus incubators around these many universities here in massachusetts. of goodlem is a lot ideas start here but do not stay here. we have talked to a number of different startups and public companies and investors. they are trying to change that and really believe that if you are starting a company today, boston is the place to start a company. he wouldr once said stay in boston because he thinks silicon valley things a little too short term. i spoke with a guy who runs accelerator, a nonprofit accelerator and they have invested in hundreds of startup companies, many of them right there in the boston area. here is what he had to say about why you start a company in boston today. best.ton is the oris not as friendly overfished as silicon valley and new york. broader in -- industries w

wanted you to come on the show is we are going to be in boston for three days talking about the boston techt harvard in m.i.t. you have a degree from m.i.t. and harvard business school. you're one of the most decorated people in silicon valley. when you get all those degrees again? >> what i get those degrees? yeah. -- it waseople ask me is the hands-down great life experience. the number one thing is the people you meet push you to become better. i think boston particular, especially m.i.t. and harvard, but the whole town feels like a big college campus. they really pushes you to become a better person, especially intellectually. emily: our interview with khan academy founder sal khan. nolan bushnell who created atari along with "pong", we will ask you how gaming to change education. for the best longform interviews check out the "studio 1.0" podcast. be sure to leave us a rating. it will help more listeners discover our content. ♪ ♪ emily: if you have ever played a video game, dom debt of gratitude -- you go in debt of gratitude toward next guest. he treated pong, asteroids and centipede.

tune into the daily tech program, bloomberg west, and next week we will be live from boston, exploring exciting startups. we will see there. ♪ ♪ yvonne: coming up on "bloomberg best," the stories that shaped the weekend business around the world. some big deals come together while others fall apart. the race for the u.s. presidency takes a decisive term. -- decisive turn. plus a surprising rate cut. , the latest job cuts from washington and earnings, earnings earnings. >> valuations are down a lot since this past summer. >> it's hard to get a consistent even the europeans. yvonne: we have a heavy hitters in politics.

tune into the daily tech program, bloomberg west, and next week we will be live from boston, explorings most exciting startups. we will see there. ♪ angie: new signs of stability in china. exports remained positive in april. top, but no change in policy. saudi's veteran oil minister is replaced. as australia heads to an election in july, it will be the longest campaign in decades with opinion polls saying it is no -- necl amk and

tune into the daily tech program, bloomberg west, and next week we will be live from boston, exploringmost exciting startups. you will see you there. ♪ emily: she took ebay from a 30 person startup to multi-billion-dollar powerhouse. then ran a hard, expensive race for california governor and lost. now, meg whitman faces what may be her most ambitious challenge yet, turning around struggling silicon valley icon hewlett-packard. her solution, to split the company in two. perhaps the biggest seperation in the history of american business. joining me today on "studio 1.0", hp ceo and chairman, meg whitman. thank you so much for joining us. it is really an honor to be here with you. so thank you so much. meg: you are welcome. i am glad to be here.

downtown boston, 35 percent of office space is tech companies. eate a lot of innovation and startup companies. we have 25 universities in the city and 75 in the greater boston area. we have a lot of brainpower. million in incentive packages, how will you know if it was worth it? >> is already worth it. when you think of ge moving their global headquarters to the city of boston, we are seeing the benefits and results. it is incredible. the chatter in our city of the companies here and wanting to stay here when they are grounded here. we have a lot of startups, and people say why do we want to leave the city when we have companies like general electric coming in every day? general electric is such a big win for the city. when we have conversations about moving forward, and it was a collaborative approach with the governor and myself, working closely. he is working very closely. i do not think we put the biggest incentive factors on the table. the political atmosphere in our city is healthy and in environment is healthy for business. we need a good h

tech. in boston, we have been diving into the biotech and startup scene.ick off with comments from mayor marty walsh about ge .n boston an

boston. many of us familiar with root 128 and the storied history of tech companies and that court or. over there? emily: it sort of the innovation hub of boston. this is where startups and people in the innovation community congregate. this is in the c4 district of boston, where ge really moving its headquarters from connecticut. i huge coup for the city. it came with a big incentive package, creating hundreds of jobs. they will be looking at startups potentially acquire. there are a lot of egg tech companies here as well. there is a super cluster of biotech and pharma companies, as well as a number of startups. 40 plus accelerators in the boston and massachusetts area. some of them are tied to universities. others you may have heard of. tech stars, pouring money into this community. one of the problems is that a lot of those that start in boston don't stay in boston. you know that facebook started in a harvard dorm room and then moved to silicon valley. but mark zuckerberg says that if today,starting a company he would have stayed in boston. but that's a big focus on the community, f

boston. more "bloomberg west" continues next. ♪ ramy: our tech week in review. with me, david kirkpatrick in new york. let's start with you. what stood out among the tech headlines this week? david: there were a lot of things, but i continue to be amazed by amazon. they got investment in an air transport company called atlas, and took leases on more planes from another transport company. so now they have 40 of their own 767's, a company that was one of ups's best customers. as a company -- this just goes to show amazon wants to be a vertically integrated colossus. everything from how companies work in aws, to the products we use in our homes with amazon echo, and getting to us in between. what an amazing company. you have to be amazed at this company's ambition and ability to power forward. ramy: you bring up a good point, talking about fedex and ups. i wonder what they are thinking right now. david: they can't be happy. at a minimum, it gives amazon much better negotiating power with them, because they will still be a big customer of ups. i also have to reitera

tech. in boston, we have been diving into the biotech and startup scene.ments from mayor marty walsh about ge in boston. it is more than holding its own in biotech. to the heart of the innovation

rishaad: part of the reason we wanted you to come on his next week we will be in boston, talking about the tech there, talking to people at harvard and m.i.t. you have three degrees from m.i.t. and harvard business school. you are one of the most decorated people in silicon valley. if you could do it all over again, would you get all those degrees? sal: [laughter] yeah. a lot of people ask me, what about college? it was just a hands-down great life experience. the people you meet push you to become better. boston in particular, really the whole town feels like a big college campus.it really pushes you to become a better person, especially intellectually. rishaad: obviously, the online education landscape is evolving rapidly, in part due to companies like yours. how long do you think harvard are m.i.t. or stanford will be around? will these institutions the around for hundreds of years, or how will they change? sal: i think they will be around for a very long time. i don't know, it's hard to predict 500 years into the future. i think they will be around for a very long time. just, no one would a

tech. in boston, we have been diving into the biotech and startup scene.f with comments from mayor marty walsh about ge in boston. more than holding its own in biotech. to the heart of the innovation cluster and conversation with foundation medicine.

boston at sunset. >>> and guys hooked on hi-tech dating meet a real life woman. see if they can connect without a touch screen. >>> no common sense. that's the problem these days. >>> doesn't take long for things to go from bad to worse for these two. >> check this out. >> holy cow. >> trapped on that bus. there's flooding from torrential rain. he's off the bus but then in the water. >> oh. >> he falls down kind of that short waterfall. he's still on that roadway. keep watching. he got washed away. >> looks like it was a road that had just been completely taken away by this flooding. >> unplanned road in the city, one of the reasons why this happened. >> right. drainage and things when a city grows too quickly they don't have enough infrastructure to get the water away and create these huge landslides. >> the guy went from one side of the street to the other side for what? go up the street a little bit. he put himself in danger. >> he was washed 650 fete until where the water slowed near a bridge. he grabbed on to it and that's where this next video picked up. th

boston at sunset. >>> and guys hooked on hi-tech dating m

tech history. greylock opened its doors in boston 50 years ago, but since landing in silicon valley, it has backed hit after hit. they have backed 170 public companies, four of them worth more than $10 billion. joining me today on this edition of "studio 1.0," greylock partners david sze and john lilly. david, you have been at the firm for 15 years? >> 16. emily: john, you put greylock on the map in silicon valley. how did you do that? john: it was a partnership effort. we both take some credit, but it is a team effort. in the early 2000's, we made a move to say every partner should have an operating background. that allows us to connect better to entrepreneurs, to build companies. emily: john, you were the ceo of mozilla. you started your career as a scientist at apple? john: that mostly means i didn't ship code at apple. i was doing experiments around the edges. emily: why greylock? john: i wouldn't want to work at most firms. emily: why not? guest: i like people who make things. everyone at greylock valued making products. it is characteristic of david to enter the question like, no, it was eve

julia boorstin has more on how tech is tackling tv from the internet expo in boston. >> there are more companies than ever selling access to television. cable and satellite tv companies, verizon and after years of offering traditional bundles of channels, they are now increasingly taking new approaches. offering less expensive slimmed-down bundled distributed over the internet, like fling tv. plus, there are a slew of tech and internet companies jumping into the game. sony is offering playstation view and amazon is partnering with comcast to sell its tv service and hulu is announcing it is working on a new live tv service. already in advanced talks with two of its owners, fox and busy abc. >> the one that you really have to worry about is hulu because it's backed by the content companies themselves and therefore has that one key element which is they've got the programming. >> and it's not just hulu. google's youtube, amazon and apple are working on their live tv packages, hoping to also from all of that data, about what people are watching. tech giants embracing tv is pushing tv compa

tech insider reports that toyota is close to acquiring boston dynamics. this year bloomberg reported that its current owner google was looking to sell because it was in developing products that could lead be brought to market. toyota is pushing into the robotics world, investing $1 million recently in a new robotics institute based outside of boston. before we go, we believe you with one story we are geeking out about. facebook and microsoft are teaming up to build an undersea cable. it will search 4100 miles. it is designed to have a bandwidth of as much as 160 terabytes per second, the highest capacity of its kind. begin inion will august and is expected to be completed by october of next year. that does it for this edition of "bloomberg west." tune in this weekend for "the best of bloomberg west." you will see all of our great interviews of the week. have a wonderful long weekend, everybody. we will be back on tuesday. ♪ >> from our studios in new york city, this is "charlie rose." charlie: we begin this evening with politics. a report delivered to con

boston. carter says working together with silicon valley tech companies helped the dod constantly improve. >> believe doing business with the tech industry forces dod to look ourselves in the mirror, which is healthy for us, healthy for any organization. >> carter hopes today's changes will help make the dod a leader in cyber security. >>> the warriors are back in action tonight at oracle arena for a big game. >> they certainly are. let's check back in with abc 7 news sports director larry biel who's live with a plea view. hi, larry. >> reporter: hi, ama. hi, dan. yes, game five a chance for the warriors to close out the glazers. i know that you guys in particular count on me for the deep thoughts, the philosophical look at life. i know that. so i will share with you the words of a great philosopher who said, those who do not learn from history are doomed to repeat it. winston churchill later paraphrased that same thought though never actually said those words. i mentioned this because why? a lot of you are wondering. because the warriors are facing history tonight. last year steph curry got

especial series focusing on tech innovation and the entrepreneurial spirit of boston.ng us at six clock p.m. in new york or three clock p.m. in san francisco live from boston. ♪ jonathan: this is "bloomberg ." i'm jonathan ferro alongside amanda lang and david westin. future positive this monday morning. around five.es up .ains on the dax switch up the boards quickly and there is euro link -- weakness. dollar yen with a 108 handle, up now one full percentage point. 10 year yield at 1.77%. crude oil with the wildfire in flat ons around $45 nymex crude. david: japan's monetary base is %.sen to 96 that miller is here to join us ., this is amazing. matt: i found it difficult to believe at first. then i realize how smart she was and she talked me into this. this is the percentage of the japanese monetary base to the u.s. monetary base and we have come up. gone over 100. japanese montane base has eclipsed the us-based. this is what traders call a soros chart. this is what predicted the weakening of the yen. i don't want to say a collapse, but this is a young chart. in ca

movet this, you into the global headquarters in the city of boston, and we are already seeing the benefits of that. the chatter in the city of techere, companies wanting to stay here after the were grounded. emily: he said ge will be putting pretty $5 million into the education system. a lot of that money is focused on stem. another thing he pointed out with the boston chamber of commerce, and the governor who is republican and the mayor, a the sellinge of points for ge coming to boston was that this governor and the mayor could get along you know they were from different parties . and in this landscape, that is saying something. david: marty walsh also dealing with something else other mayors are dealing with, a petition and the existing taxi system. how is he navigating that? emily: we talked about how they are leaving often, and it is not unlike struggles facing in other cities. i went to college here a little while ago. are king. high acid happy with car sharing , services, what he had to say. up inm not getting caught this conversation happening in some places. or taxis. take uber we can make adjustments in both of them. the

and up next, tech crunch is saying that snapchat is raising money to value the company at more than $22 billion. kayla is joining us from bostonith more on that story. >> well, carl, it is hard to keep track of the times that the companies like uber and snapchat raise money, because they are in a perpetual state of fund-raising, and the fundraisers who are wanting to put their money into the giant decacorns, and they have just approached them, here is the money, and here are the terms and are you interested, and so to see a company like snap tlt chat in talks to the raise more money after closing in an earlier round of fund-raising already this year alone is not necessarily surprising. if they are raising funds of a certain size, we should see a filing of who is participating and what are the terms, and what is the valuation of the company, and the round is. we don't have that right now, and so we are going off of the reports, but it is going to be interesting as soon as we get the details to see if we can glean anything about the company or companies like snapchat taking while to getting is good. >> okay. thank you, kayla tau

boston, the internet and television expo and television association. we interviewed a four sec commissioners. >> this is a special taping of c-span's communicators program. we think in techs for providing us this opportunity. all four commissioners are here and i want to use dart start at the sent. as a regular and as a consumer, what is your view of the cable industry? >> wow. first of all, thank you for having me here. it is. it is a treat to be here with my colleagues .. in new england, i am a native. it is a is a real joy to come back to boston. that cable industry strikes me as one of the most important infrastructures. it is not just traditional video, but but broadband. it is clear to me that broadband they provide is a market leader and it is now gone from luxury to necessity in all of our households and it is an essential part of what we do every day. >> mission or? >> a thank you peter for having us. thank you to in techs for giving us this opportunity. it is a treat to appear here with our colleagues. to me the cable industry has helped drive the digital revolution. the broadband networks we enjoyed today that created the internet economy is the megabyte of the

tech, reinvited jason. he must be dizzy. a few years ago i did a benefit for it happened to alexa foundation at boston university because alexat there, was raped on campus. now, i have a graduate degree from b.u. that should have been a major event on campus. a positive event to help people like alexa. but, b.u. faculty members, at least a few of them, tried to sabotage the evening because of me and partially succeeded. all over the u.s.a. this kind of stuff is happening on a daily basis. joining us now from raleigh, north carolina, robert shibley executive director for the foundation. how bad is it really? >> it's actually quite bad. it's hard to exaggerate the problem. fire, my organization, the foundation for individual rights and education has been compiling lists of disinvitation attempts and successes. we have seen since the year 2000, 305 separate dis-invitation attempts, 131 of which were successful in getting people disinvited and the pace is accelerating, since 20 half of those. just since then another half. >> you know, college campuses are interesting. what i found fascinating about your study is it is not just co

tech companies. we have a lot of great innovation. theave 25 universities in city and 75 in the greater boston area.erg west a special continues today at 6:00 p.m. eastern with the m.i.t. president. jon: gold just had its best quarter in several decades. drug miller. now, paul singer. matt miller on gold. matt: even hedge fund bosses are piling into gold. everyone is in. is netis shows you bullish bets and blue -- in blue. the highest they've been since 2011. open interest. the highest it has been since 2011, 2010. everybody is in on gold right now. john mentioned the two most famous names. not just their positions, but the language they used. said gold is his biggest currency allocation. putting it at odds with every fed chairman since we've had fed chairmen. saying central banks around the world are doing their best to debase their own currencies. that is why he is piling into gold. we know this from a letter at the end of april. this is a look at the morgan stanley implied pace of rate hikes. yesterday, i was talking about months. what it really shows you is how many rate hikes they think we will

built by tech companies to deal with increasing request for bandwidth shifted to the large content providers. well l look at this. a construction u crew uncovered a ship wreck from 18900s on bostonruction back in 1800s and appears to be partially burned. says it is first time a ship wreck have been is found in that section of the city. the ship uncovered during a -- for 17th story building but so interesting about this guys is that ship we were talking early 1800s, and they just found this. kind of cool. >> very cool. what was very cool is you on a roller coaster yesterday if you didn't see here's the hot moment from the set. skip back moral, family structure, these are bernie, hillary fans -- >> you can have hillary clinton and what she'll do with a hole host of issues or o donald trump and have the you want to to mold them and guide them and help them be the best president he can be. >> point is he keeps say he doesn't have the conservative, e advantage how will he win? left the department of state to actually hand in what she says is that commentary as to what she's done in her career. >> cheaper to buy a $35 robotic arm than to hire an employee who o is inefficient bagging f