thank you, bruce deirdre mccloskey. well, i'll be brief, but you've heard professors say that before. that was a charming. vignette. i think the that's an excellent. entry way to this this fascinating book. i only came to hayek very late in my academic career. i was like so many people in that. in that 20th century where i started as a socialist, the old joke is that if you're not a socialist when you're 16, you have no heart, you're still a socialist. at 26, you have no and i just made it on both counts, but i didn't turn to austrian economics as i thought of hayek as being or understand not much about him really. the 1990s, as late as that. and it the key point that i got from the book book was what do we mean by being a liberal person work when we're talking earlier and we we said we don't agree we we think we should take back the word liberal and perhaps put on the shelf the word. libertarian and surely neo liberal or liberal. those all need to go. we to get back to the l word and what's plain about hayek is that he

bosa deirdre, it's not just about pcs. the story gets so wide, it even encompasses ai at this point >> exactly, amd, like a number of other chipmakers, it is a battleground stock for that reason investors are trying to balance that short-term slowdown in pc ss and data center with generative ai today the bears are in control bringing shares back to ground somewhat after a 30% rise this year so a few key questions going forward. one, is this the bottom of the current cycle as ceo lisa sue positioned the quarter and, two, can amd be a real player in this ai race here's what she said about the latter >> we're actually at the beginning of an inflection point in the cycle so, you know, we're sizing the ai market in the cloud to be upwards of $60 billion over the next three or four years so we're at the very early stages >> now, part of that opportunity lies in its chip called the mi300 that will compete with nvidia's flagship chips for ai it's called more than a one-trick pony but perhaps more importantly, she said it will repr

deirdre, what have you learned >> reporter: well, it's still going on behind she mere at the shorelineey are the across from google's campus, but we've had a number of announcements so far i'll also note that the instant reaction from shareholders has been, you know, muted, i guess google shares have been mostly flat over the last hour, but even that could be seen as a victory because the last time google did an ai demonstration, some 100 billion was taken off its market cap by day's end because of botched demonstrations so the demonstrations this time have been a little more cautious, you could call it. there's some live demos and there epre-scripted ones as well they just demonstrated what happens when generative aye meets search and this is so important because search makes up the majority of revenue and profitability at google. they announced something called search labs which is they are opening up the wait list you have to sign up for it but here's sort of the takeaway. no more blue links pointing to sites that are paying for that kind of advertisement. in the demonstration the l

deirdre bosa with that today's "techcheck." >>> let's get to the state of china and the uneven recoverye april data on production retail sales and fixed asset production are missing expectations the lackluster numbers causing a divide across wall street on what happens next with firms like barclays and jpmorgan with like jpmorgan, and china will bar some purchases from micron, and sending that stock lower in today's session. joining us now, chief economists, hao hong thank you for being with us. >> thank you for having me >> i want to get your take between the state of affairs between the u.s. and china you know, maybe it's a coincidence or retaliation what is your take on how things are right now in terms of the relationship >> yeah, i think it's retaliation of what the u.s. government did on the technology ban earlier on i feel a sanction of this level is not one day's work, so they have been working that ground for months now, and they just announced it to coincide with the g7 meeting it's disappointing, to be honest, to seat relationship has not been repaired as quickly as the marke

deirdre bosa is monitoring that.> carl, throughout the hearing so far generative ai has been compared to the first cell phone, the creation of the internet, the industrial revolution, the printing press and the atomic bond. that gives you the idea of the stakes the tone itself is vastly different around social media and big tech which have been far more combative this feels more collaborative. lawmakers and sam altman seem to be on the same page. regulation and guardrails are needed altman says the safe development will require a combination of companies doing the right thing. that's is regulation by the government and public education. he made a comparison to photo shop saying when it came on the scene people were fooled, but over time they figured out what was fake and what was real he says that generative ai will be like that but on steroids there's also been a lot of discussion on ai's impact on jobs senator blumenthal called the elimination of jobs by ai his biggest nightmare. altman is more optimistic, says the

that's part of our "techcheck" segment with deirdre bosa. hearing about the plan and how investors are taking it? clearly they like it. >> yeah, they do like it, judging by that stock pop. i just got off the phone with tcs's president, he sent that letter this morning. he's making the case that yelp should consider forming with angie, formerly angie's list, to what he calls a pow arehouse in the home services market yelp is executing on a few fronts he it said survived the threat of google, its grown its home services business and has, quote, an incredible balance sheet. the problem, according to him, is nobody cares. the stock has underperformed the broader market over the last five and ten years and made the point only two analysts asked questions on the last earnings call and he call's yelp's ceo a serial numbers misser and one that he says uses the company as his own personal piggy bank while the rest of us lose money thanks to a, quote, puppet board. he also says tcs is willing to make a bid themselves to acquire yelp he even has his ow

after earnings and a cautious outlook for the second quarter the chief catalyst there >> later on, deirdre bosa is live at google io today. a big developer conference sand big test for sindar. >>> and topping the tape, the market reaction to inflation stocks at this hour hanging on to gains, at least if you look at the s&p and nasdaq. although, we've come off the highs. the nasdaq was off the full percent about an hour ago. technology is still leading. the megacap tech is doing well today, but the dow has gone negative the cyclical groups are underperforming. s&p is unchanged as we dig under thesurface of the 4.9% april headline number on inflation, i want to highlight a few categories food, rising 7.7% from last year energy dropping 5.1. used cars and trucks, down 6.6 we're talking from last year while shelter costs are still rising 8.1%. on a monthly basis, we're seeing smaller gains, and that's a good sign for economists. let's bring in cnbc senior markets commentator, mike santoli. is it not definitive enough of a report to get the market excited? >> that's fair to say. first of all, w

will he be able to be as enthusiastic, as exciting as nadella has been >> that's deirdre bosa out in let's talk about this they have a lot to prove to developers and investors like him. why he is not so high on that company. >> over the course of the last ten years really since their acquisition of deep mind in 2012 we've seen a slow. i was hopeful. what i wanted to hear, if i'm the ceo of google, i have one job -- i have one job -- do not let chatgpt secure a leadership position in search and discovery when it comes to ai, and that's exactly what's happened. 200 million people now treat chatgpt, a verb, as sin on nous w synonymous as discovery. i haven't heard a good answer out of google. >> it's kind of hard to overcome that sentiment and there was a shareholder who sold his stock as a result. >> josh made an eloquent case for owning google yesterday. i believe a lot was based off technicals i could see what he sees but fundamentally in the strategy we're running, we added meta -- >> we added apple. did not add this one. >> did not add alphabet because i think brad is right. there'

deirdre, thank you deirdre bosa >>> up next, bud light giving wall street a buzz more details and new ♪ every day, businesses everywhere are asking. is it possible? with comcast business...it is. is it possible to use predictive monitoring to address operations issues? we can help with that. can we provide health care virtually anywhere? we can help with that, too. is it possible to survey foot traffic across all of our locations? yeah! absolutely. with global secure networking from comcast business. it's not just possible. it's happening. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> let's get a look at what is buzzing this morning it's the backlash continuing against budweiser. some new data showing a 30% decline in volumes in the week since the brand rolled out a marketing campaign with a transgender influencer investors have taken notice. competitors molson coors with bud on pace for their worst month

and deirdre bosa is following that one for us hi, deirdre. >> hey, tyler.his time around we've seen many tech hearings over the years this felt way less combative and a lot more collaborative sam altman, the ceo of open ai, and lawmakers, they seemed on the same page a lot of the time in terms of the opportunity but also the dangers of ai and they seemed to understand that the stakes are very, very high here. within the first let's call it 15, 20 minutes of that hearing generative ai was compared to the first cell phone, the creation of the internet, the industrial revolution, the printing press and the atomic bomb they talked about nightmare scenarios. and sam altman talked a lot about how he thinks regulation will have to go hand in hand with responsibility from companies as well as public education on this. so it was a lot in there, guys, but it was a very different kind of tech hearing than the one we've become accustomed to over the last decade or so. >> was it -- it was more sort of fact finding and learning than accusatory, right? >> yeah, exactly an

deirdre bosa is digging into that on "tech check.> lots to peel from that interview which you have been doing all morning. what stood out to some in the tech world were his comments on microsoft and open ai. >> i do worry that microsoft may be more in control than, say, the leadership team at open ai realizes microsoft, as part of the microsoft investment, they have rights to all of the software, all of the model weights, and everything around the system >> nadella said that's not factually correct but it essentially allowed microsoft to bypass the license and a powerful engine to go head-to-head with google which had the lead in generative ai which brings up this decade old question in tech, will the big players ultimately eat the lunch of incumbents. one venture capitalist put it to me this way. the problem with the space, it's really expensive to play you could build a website back in the '90s easily and just play you can't really do that in this space unless you have billions of dollars, at least not until costs come all the way

>> deirdre, thank you for having me here today.ms in the first quarter that on an annualized basis are $100 million or more in gross profit, we're not reliant on any one revenue stream to drive our business this is how we're able to grow our customer base. this is how we're able to retain our customer base over time because we serve them in so many different ways our instant deposit feature, the one you're speaking to, is one of many tools we have that serve a use case for our customers what's interesting is when we look at markets around the world that already have instant reals, our square instant transfer product attaches at the same rates in those markets as it does in the u.s. and we believe that's because of the frictionless products experience we enable and the strong real-time risk controls that we have of course, we're watchful of any changes to the broader environment. this is why we continue to innovate and diversify our business that's part of the strong -- that you saw with cash app this quarter. >> right so, with that

deirdre, it's david.at might not be until the fall. they seemed to be targeting later in the year. i don't know if you've heard anything or have any sense as to when we might actually see this come to market >> that matches the timeline that softbank itself has set out. remember when that nvidia deal fell apart, they then looked for a listing on either the uk or u.s. exchanges ending up looking like it's going to a u.s. exchange they said it had to happen within a year. the question is, if the market conditions don't look right, how prepared are they to push it out anyways? >> deirdre, appreciate that. a big story when it comes. deirdre bosa talking some arm this morning. >>> when we come back, jpmorgan taking over first republic we'll talk to two analysts who were able to speak with dimon on the call today and we'll get their take when we come back ♪ (upbeat music) ♪ ( ♪♪ ) ( ♪♪ ) ( ♪♪ ) -awww. -awww. -awww. -nope. ( ♪♪ ) constant contact delivers the marketing tools your small business needs to keep up,

boorstin as well from now on,s sit is always a perfect week, but so much to get to let's start with deirdre bosa to break down the latest news we're getting. >> it doesn't stop just an hour ago, open ai said it is introducing chatgpt app to ios and iphones and that will open the door to more users and more headlines there is snowflake in a potential ai adjacent acquisition. there is dynatrace but else what do we have the entire s&p gains this year that has been driven by eight stocks, the beneficiaries of what else, artificial intelligence dare i say it, is there too much ai news? rather than go through all the individual items, let's talk about ai washing that's a phrase i'm hearing more often in tech circles and that investors should be aware of as we get all of these headlines. i spoke to eric lyman yesterday about this idea. they are all deeply involved in building ai-based products here is what they said about ai washing. >> i think there is a lot of companies out there slapping a chatbot on their site and saying, look, we're using ai and solving customer problems. and i think it is sa

>> all right, kayla, thank you >>> shares of amazon moving higher today better than 4% deirdre bosa here with what's driving that move. d? >> the amazon ai case is becoming more clear, and people are excited about the opportunity in the cloud unit which will be the infrastructure giving other companies computing power as they incorporate ai and you're seeing that play out in today's 4% pop, but, scott, this is not a home run like nvidia chips or microsoft's chatgpt so that's why when you zoom out over a longer time frame, this is a major underperformer. the other dynamic at play here is what you are looking at right now. generative ai may lead to new products, new alontools to boost growth, but also new cost. it's a balancing act amazon cloud along with microsoft need to upgrade servers and infrastructure on the back end to give customers that computing power needed, that in turning increases the expenditures and when they're trying to be profitable and disciplined, and this is what it comes down to. in the ai hype cycle as you were talking about this with your previous guest, eric, you

. >>> watching alibaba as its oun company and that's the focus of today's "tech check" with deirdre bosai, dee. >>> alibaba's spinoff plans have been well telegraphed. maybe the most surprising is the stock has gone nowhere since it was announced. at the end of march when alibaba said it would be splitting into six different units, investors celebrated the, quote, unquote, unlocking of value it was 14% higher on that day. since then, however, it has been a laggard underperforming the broader markets and completely sitting out of the big tech rally. now keep in mind baba is a nearly $225 million market cap company, it has its pulse on the chinese consumer, with the reopening of the second largest economy and its cloud unit, the third largest by market share ahead of even google so you might think that the spinoff of that business could further allow it to grow unfettered and gain share, but shares are down some 5% almost last time i looked 3.7. ali cloud was a weak spot contracting 2% and is facing competition from players that are, guess what, better connected to beijing it's often the s

deirdre bosa >>> coming up after the break, henry winkler on the hollywood writers' strike and the rolelaying in their battle as barry on hbo winds up its final season ♪ ♪ every single day, businesses everywhere are asking the exact same question: is it possible? well...with comcast business...it is. is it possible to help keep our online platform safe from cyberthreats? so we can better protect our customer data? aww-yeah. absolutely. what else you got? can we use predictive monitoring to address operations issues? before they even exist? we can help with that. - hmm. can we provide health care virtually anywhere? we can help with that, too. even out here. you, sir. something on your mind? is it possible to survey foot traffic across all of our locations? with wifi analytics? easy. order for nina! can i teleport our guests to their rooms? technically, no. or power thousands of mobile check-ins while thousands of other guests check out? now that we can do. with the advanced connectivity and intelligence of global secure networking from comcast business. it's not just possible. it's happ

storm surging, nearing a trillion dollar valuation on spiking demand for ai gpus deirdre bosa with ourhistoric day. >> it is nvidia is looking extremely pricey there may be other ways to play this ai boom nvidia is a fabulous semiconductor company, that means it designs a chip but it doesn't actually manufacture them sigh wan semi, that is the company on the other side of that dynamic that makes nvidia's advanced ai chips. all working to design their own artificial intelligence semiconductors its adrs are up 10%, more than that today investors are looking at it as the next beneficiary but its valuation is a whole lot more reasonable forward pe 20 times, nvidia, 828. arm is looking to ipo this year, unlike nvidia which sells finished chips, arm helps companies bring the chip inhouse, ie, own more of the process and potentially cut costs by cutting out the middle man, aka, nvidia apple, amazon, meta, google, microsoft, they're all working on this and doing so with arm. for that reason it's known as the switzerland of the chip industry may be helpful to zoom out look at the potential gene

costs increasing on one side >> nvidia surged last week thank you, deirdre wall street buzzing about deal for nba tv rights ahead a quick look at apple, shares up 36% this year. not in nvidia but outperforming e rk f se. ♪ ♪ every day, businesses everywhere are asking. is it possible? with comcast business...it is. is it possible to use predictive monitoring to address operations issues? we can help with that. can we provide health care virtually anywhere? we can help with that, too. is it possible to survey foot traffic across all of our locations? yeah! absolutely. with global secure networking from comcast business. it's not just possible. it's happening. >>> wall street's buzzing about the nba this morning as some new bidders entered the arena for future media rights. julia boorstin joins us. who is in the mix? >> you've been glued to the playoffs and as the nba finals start this week, dwonegotiations are heating up and the stakes are really high as the other major sports rights are tied up for years. espn parent disney and tnt owner warner bros. discovery are in exclusive negoti

deirdre bosa is watching that story on "tech check." dee?e have spent time on the big ai announcements for big tech like microsoft, alphabet, nvidia and meta. now we are starting to see the flip side as well, the down side stock impact chegg is the first public company to blame ai and chatgpt for a major guide down and slower new user growth investors were properly spooked as you can see it is down nearly 50% today. its value now at a little over a billion dollars. a few years ago during peak pandemic this was a $14 billion company. the ceo says he will fight generative ai with generative ai you need to use chegg to learn it look at duolingo there is a skepticism on the street that ai will be a net negative for ed tech at the moment they eviscerate entire business models, continue to try to quantify the threat or the opportunity to eliminate jobs. that is already happening at ibm, the company pausing back off hiring and says 30% of jobs could, quote, easily be replaced by ai in five years. goldman sachs expects to be most impacted there's of

than the entire market cap of the entire russell 2000 that's the focus of today's tech check from deirdrewas the first to reach a trillion in market cap, then $2 trillion, and its market cap bigger than almost any stock market in the world. a lot was made of it, and now bigger than the combined 2,000 small caps in the russell 2000 apple grows, as always, the valuation question arises again. is apple overpriced. we'll take a look at forward priced to earnings basis, revenue growth is expected to contract this year on the flip side you heard the argument from the bulls to justify that premium and proven gross margins, rise of services and something discussed more and more these days, growth in apple's installed user base and that creates that ecosystem that is within apple that bulls love and point to. >> we got through all of tech earnings season. what's interesting, i saw the wall street journal covering, and i'm others too, the headset and it's got the battery pack, mega battery pack thing, saying is its because johnny ives isn't there anymore or the kind of product you have to get out t

taylor's inspiration came from deirdre gogarty...tually, it's healing a lot of my own heartbreaks from my career and the fact that i never got a chance to box in ireland as a professional, and seeing it happen now is really healing my heart, to be quite honest. well, it's chantelle cameron's light welterweight titles on the line, but this feels very much like the katie taylor show. she's the one that the majority of the crowd will be there to see on fight night. the question is, can cameron upset the homecoming party? kate taylor, she's always been an idol to me and got a lot- of respect for her and i'll always have respect for her. _ but at the day when the bell goes, she's another opponent. _ and as soon as i am facing someone, i've got the winning mentality - where it's, i kind of don't care who you are, i don't— i don't care what you done, i'm there to win. _ this is a huge night for ireland and for katie taylor. a win, and she'll become only the second boxer in the modern era to hold all the major belts in two different weight d

into these products and we're very confident as customers start using it they'll start buying it >> deirdrel, first of all, kelly, i'd say to you that was amazing. so nerdy, so well done chef's kiss, it was just good. that has to be acknowledged. a very good point. i question the monetiization of this thing as well they say this partly evidence of a bubble in a.i. no revenue to speak of yet how do you avoid the fate of another app that kind of cameo, lot of fun, became viral, no one really used it more than once. how do plan to get people hooked on it? >> i mean -- we're noticing that like our users and now it's getting close to 2 million daily active users, someone who sends one message today is active two hours on that day. that shocked me. i can't think of what i would be doing for two hours, but like, that's the point, like we don't know what the applications are, there seems to be a huge number of people finding a huge amount of value in it and we get great testimonials saying this has improved their lives so obviously something great is happening here. >> is there going to be an issue

. >> deirdre bosa joins us to break down the numbers further so clearly it's on the operating expenseow getting more attention here and the street is listening. >> and the top line numbers, they look good as well the revenue growth numbers are good for kind of any industry right now. ride sharing revenue grew 7 2%, delivery 23% as you were mentioning, dara knows how to deliver for wall street he's looking towards gap profitability, free cash flow, improving unit economics take a look at the stock up more than 7% today. it is almost $10 below that ipo price of $45 from nearly four years ago, and what gets it there and beyond, dara has done a good job of delivering around the edges, doing some acquisitions and delivery, building that business some features in ride sharing. he talked about reserve being used to get to the airport more and more and that's higher margins for them but remember, uber used to be, you know, one of the most disruptive technology companies, and i think maybe at some point you wonder, are they going to get back to that is that going to push it above $45, that ipo

deirdre bosa digging into it. >> the earnings weren't great, but they weren't a complete disaster theus is on margin contraction. there's another way of looking at paypal's fundamentals which is put them next to rival block. digital wallets, in terms of free cash flow, gross margins, basically profitability, paypal looks to be the better play, yet it trails block in terms of valuation by a mile. block's forward price to earnings multiple more than double of paypals. something hindenburg noted, block has extensively relied on nongap adjustments to report growth despite weakening metrics. the flip side, i was talking to an analyst that covers both companies, and i asked him essentially where are investors shunning paypal? he said, quite simply, block is the more innovative company. jack dorsey has made a more viral product, something that hindenburg has questioned, but that innovation argument, that can be seen in the top line growth as well block expected to grow revenue faster this year it's an interesting debate it sets up. for the first half of the year, investors looking at the pro

for that let's get to deirdre bosa for another "techcheck." >> $39 billion in annual investment losses as public holdings like commerce and china's didi rebounded. losses at private startups were bigger than expected that has left softbank, one of the most prolific venture capitalists on the defense looking to the arm ipo for liquidity. this is coming just as the venture world is leaning into the biggest platform shift in decades. generative ai, of course massa son no longer joins the earnings calls thinking about ai, but softbank cfo echoed masa's vision for ai. saying, solid defense is now in place and we are getting ready to go on the offense he questioned, though, has the horizon already come and gone? is softbank too late some vcs i speak to regularly say there's already a bubble forming in ai and softbank has largely sat out the last quarter. it didn't crack the top 20 in the most active or spendiest lead investors in 2021 that was peak unicorn era. it and tiger global, they were constantly at the top of those lists, but they have fallen off in a remarkable way so far this year j

brad gerstner losing its edge in an interview on cnbc's halftime report let's dig into that with deirdref you caught it, but a lot of people have said, come on, google will be just fine and it's going to come back around and he said no. microsoft lead counts and it mighting growing. >> he was basically saying they need to become more urgent and that comes amid reports that google is panicking inside and they lost their ai lead by microsoft. at the crux of the conversation as well. yes, ai is a hot-button issue and a wartime versus peacetime ceo that we haven't seen in some time and a ceo that is able to cut costs where possible and also keep that edge in terms of innovation mark zuckerberg, wartime ceo satya nadella, wartime ceo and sundar pichai is trying to decide if he can get tough on this you mentioned brad gerstner, listen to what he said, it was pretty brutal. >> as ceo of google i have one job, do not let chatgpt secure a leadership position in search and discovery when it comes to ai and that's exactly what's happened 200 million people now treat chatgpt, a verb as synonymous wi

deirdre? >> tchegg is the first company t blame chat gpt and a.i. for slower user growth, and it is probably not the last. we're seeing the flip side of the a.i. boom. microsoft, nvidia, meta, they have billions of dollars to pour into the platform shift and so much to gain for the littler guys, it'll be more complicated chegg ceo says he will fight chat gpt with chat gpt to ultimately make a better product. you hear similar arguments, especially in cybersecurity. a.i. will both be a threat and an opportunity but very quickly, as it turns out, investors are having to figure out if it is a net positive or negative for companies like chegg and industries like edtech, which business models will be eviscerated. where does the value flow? we're only at the beginning of this dual lingo, they're looking at how the business model could be affected ibm k'quantifying the impact on jobs, saying 30% of jobs could, quote, be easily replaced by a.i. in five years that, again, is just the tip of the iceberg. goldman sachs estimates that 25% of all employment could

that's the focus of today's "techcheck" with deirdre bosa. >> as usual, that's right. iphone services revenue and capital allocation will all be in focus but there's a new story emerging investors will be paying more attention to growth in apple's installed user base as evidence the product flywheel is working. consumer buys a device, adds a service, rinse and repeat. they point to that flywheel to make the argument that apple's investment case is shifting. 20 years ago it was a hardware company. 10 years ago it was services revenue. now they say there's a new chapter in the investment thesis apple will be seen as a can't live without consumer staples company and a premium one that could help push the multiple higher writing, for apple, it's much more about a user growth story than a unit growth story the flip side, though, revenue is expected to decline analysts expect a similar decline in the current quarter apple has not given formal guidance since the start of the pandemic cook and team do give datapoints, that is critical china is still a question mark key apple suppliers like fo

that presentation ahead of time and probably wishes they did >> what is ironic, we were talking to deirdre was comparing google with microsoft. or with open ai. and she asked it, had arm holdings every been public and open ai gave the raw result and google gave the right one. remember when they stumbled during that presentation, where their ai appeared not to give the right answer, but you wonder if they can show to the market, we -- now that everyone has the dazzle effect, if we are more reliable, i feel like that would go far. >> the reliability is a moving target part of what both google and microsoft and others are fighting for now is the attention of developers to build on top of their ai infrastructure and to then in the process be training their ai algorithms whoever is learning fastest and getting the most developer buy-in will get better faster. >> i know we have to go. that leaked google document, open source is the real winner, not microsoft or google, what would he say to that >> i think he would say he's making google dance. that's what he said couple of months -- a lot of peo

deirdre. new research published in the science advances suggests the australian bushfire is up 2019 and 2020 did it. studies have found that those huge wildfires thousands of miles away, unleashed so much smoke. it triggered a chain of events and the atmosphere and ultimately formed a latynina climate pattern for years. the study suggests wildfire emergence can help predict the future years as well as droughts . tonight will be the final night of a partial road closure of the santa cruz mountains for work on a project that's meant to help protect both people and wildlife. starting around eight pm caltrans will close one lane in each direction of highway 17 along laurel curve. construction crews are finalizing construction of a highway under crossing it will connect 790 acres of land and will allow animals to safely rome under the highway. they took a perfectly level stretch of road. build bridges supports on either end of it removed the dirt from down below, and that's created a natural under