now we also heard from jack dorsey mentioning that he hope coin could help create world peace. when you hear their comments about what draws under crypto currency, just to show they are more than just billionaires who are lacking on the counterculture. i mean, do they take group or currency seriously? well as much as i dislike musk, i don't think that him specifically him and dorsey are in big because they want to be countercultural. i do think some other billionaires are such as paul tutor jones, or even i'm ready dally, of bridgewater, and even some millionaires like snoop dog, a con, busta rhymes, etc. they're all in it because crypto currency. and because with the new fad, the new trend, the new thing, everybody is talking about it trading it and making money on it, issuing a con coins and the works like that. so i think mosque and dorsey they come from the technology background and so they come from the mindset that, hey, this is actually revolutionary. and this technology could actually have the potential to change the world. and having that technology background, they un

. >>> plus, the bitcoin brain trust, what elon musk, jack dorsey and cathie wood said today that sparked a new rally in crypto land. >>> getting real, the real, real rallying on the back of a big upgrade. one of our traders sees even more upside ahead of this stock. we'll break that down. first we start with another higher move far markets. stocks rallying in the close recouping all of monday's losses and this week's wild swings, got our traders flagging some eye popping moves. our traders have come up with the three most ridiculous charts in the market. so we kick it off with the ten-year yield falling as low as 1.13% yesterday morning before rebounding all the way back up to 1.3%. guy, this was on your radar. >> yeah, and we've been together a long time now, and i think you realized pretty quickly i'm not the brightest bulb in the knife drawer, you know what i'm saying one thing i do know is the biggest economy in the history of the world ten-year yields should be the most liquid security out there it should not go in my opinion from 141 down to 125, back to 140, down to 113, up to 130

that's the baeatles elon musk, jack dorsey and cathie wood.'re doing. >>> if you are stuck in traffic in the hamptons and you need something to listen to, we appreciate being on your listening list >>> dow futures up 900 and markets now positive for the week we're back right after this. hey, it's good to see you. the company we've trusted to keep us working remotely, is the same company we'll trust to bring us back together. cisco. the bridge to possible. this is dr. arnold t. petsworth, he's the owner of petsworth vetworld. business was steady, but then an influx of new four-legged friends changed everything. dr. petsworth welcomed these new patients. the only problem? more appointments meant he needed more space. that's when dr. petsworth turned to his american express business card, which offers spending potential that's built for his changing business needs. he used his card to furnish a new exam room and everyone was happy. get the card built for business. by american express. >>> the big bounce back rolls on futures are higher as investo

what is going on here with square is jack dorsey being too bullish? i also love the name of this company. can we talk about the name of the company. tbd. at first, people thought this was just a place holder. it's actually called tbd, which is quite symbolic and nice no one really knows what's going to happen in this market appropriate name from my perspective. >> yeah, joanna, and it's amazing looking at sort of the cadence and pace of new product introductions not just for square but remember, jack dorsey also runs twitter, deirdre, and pretty notable that he's making all of these new moves as square expanding into these other areas at the same time as twitter is really ramped up the pace on new product introductions, and even closing down some products that aren't working, as we saw with the death of fleets and the further investment in spaces, d. >> yeah, you know, he likes to experiment in the open, and joanna, you can do your carl and john impressions just don't do julia or i until we're out. let's get to our first guest he says that buying squa

dorsey is expected to survive five palo alto police officers.e sued the city over a black lives matter mural that was created last june following the killing of george floyd. the officers claim the anti police images painted outside city hall constituted harassment and discrimination against law enforcement. the mural included images of joanne chesimard, who was convicted of killing a new jersey state trooper, as well as the logo of the new black panthers. it has since been removed, legal experts say the officers don't have a strong case. you have to say that there was harassment or discrimination on the basis of race or religion or national origin, but not on the basis of your profession. so it's there's just no way that this is a viable lawsuit. hello alto city attorney told the associated press. the city has not been served with the lawsuit. oakland police say the man who shot and killed a private banker last year was a mentally ill man with a grudge. the victim's family says police knew the suspect was threatening the man and his wife and hi

lunch" special report the esg revolution >> very much looking forward to that >>> elon musk, jack dorsey at a conference for the crypto council. ab cmes ing strongomnt out dogecoin more on that next. hey, it's good to see you. the company we've trusted to keep us working remotely, is the same company we'll trust to bring us back together. cisco. the bridge to possible. millions of vulnerable americans struggle to get reliable transportation to their medical appointments. that's why i started medhaul. citi launched the impact fund to invest in both women and entrepreneurs of color like me, so i can realize my vision and give everything i've got to my company, and my community. i got you. for the love of people. for the love of community. for the love of progress. citi. ♪ ♪ ♪ digital transformation has failed to take off. because it hasn't removed the endless mundane work we all hate. ♪ ♪ ♪ automation can solve that by taking on repetitive tasks for us. unleash your potential. uipath. reboot work. >>> we are watching the price of bitcoin and other cryptos as the biggest names in business a

sonny: elon musk, jack dorsey, kathy would -- kathy wood, a triple crown of speakers about crypto.hey all have their different beliefs. crypto has a different leaf depending on where you are in the world. all three had a different vision as to why they loved crypto. that makes crypto so great. caroline: many we have talked to here, the arrival of institutional money and how you need institutional adoption, and in some analogous way you need to centralize it to have everyone take forward the centralization mantra that is crypto. we had scott minerd on earlier, key man at guggenheim. he is saying bitcoin is going to go to $15,000. this is in the right time to buy. how much is this a worry when institutional money is still on the sidelines? sonny: fairpoint, but three years ago when bitcoin had its big drop, everyone thought this was the end of bitcoin. the sky is falling. now we just had this drop, the institutions that got in six months ago like fidelity, none of them have sold. all of them have reiterated their belief that we are long-term holders of bitcoin. we don't mind this rec

. >> reporter: porter dustin dorsey explains how these owners feel they may lose their shops if the city does not act quickly. >> reporter: this stretch of laurel street has been closed since last summer to accommodate outdoor dining during the pandemic. the city council that it's great for residents, but some businesses say it's time for the street to reopen to a. >> you are asking them relieve this so we can start having business as well as the restaurant . >> reporter: laurel street is filled with family-owned businesses, some there for decades. owner say the lack of partner access to the stores has led to financial struggles. >> there are four businesses that have already closed, and there are two other businesses that i know of that have not signed a lease because they are saying if the street does not open up, they will not get enough customers to pay their expenses . >> reporter: these barricades don't just cause problems for the businesses, but by the customers as well. gail has shopped here for years, and how did she get here once she found a parking spot today? >> walked throug

jack dorsey has done a lot for bitcoin, square has done a lot for bitcoin.eer helping to propel and push society forward. to create a more equitable world. there's a foreign have billion people on the planet that are under bank to predate lack financial services. includes financial and cures inclusion for everyone. it's for everyone to pursue that happiness. that is the american dream. >> hopefully it is something that will take el salvador out of the economic gutter that its neighbors have been embroiled in so long because of the drug war. most people, a vast majority use cash. they do not have bank accounts. how do they switch from that to bitcoin? and raise their mobility in life as well? >> 70% of the population if you order an uber that comes with el salvador you get to your destination you pay with cash. is achish -based economy. achish -based economy is lacking credit facilities at a lot of the things that have enabled us as americans have such wonderful lives. i lifted first formal delegation to el salvador since covid to meet the various ministers r

jack dorsey has done a lot for bitcoin. square has done a lot for bitcoin.his credit glad to see him continuing to be a pioneer, helping to propel and push society forward to create a more equitable world. four -- ford have billion people on the planet and under banks. they lack the financial services for these technologies are going to create financial inclusion for everyone. life, liberty, the pursuit of happiness. this is essential for everyone to pursue that happiness that is the american dream. >> hopefully that something that will take el salvador out of the economic gutter that it's neighbors have been embroiled in for so long because of the drug war. most people, a vast majority of people and el salvador use cash they do not have bank accounts. everything is done via cash. how did they switch from that to bitcoin? and raise their mobility and life as well? >> it will be bitcoin as well as effectively a digital dollar. 70% of the population of el salvador is on bank. they do not have banks, they do not have credit cards. if you order and uber and el s

they might announce other things with cathie wood and jack dorsey and cathie investing in what jack dorseyady had that announcement we don't know what's going to happen it won't overcome this bearishness. today people are bullish >> sure. >> what do you attribute this to we have this event coming up at 2 p.m. that a lot of people are talking about. in your mind, that's not a catalyst >> no. it might be buying because the prices were below 30 and you have technical buying. you might have interest coming in maybe there will be an announcement maybe elon musk might tweet that he's going to be buying bitcoin once he gets on the move who knows what it's going to be. overall, it's not going to overcome this lack of retail buying coming out of asia that was there months ago it's a real problem that bitcoin has right now. i don't know if any influencer can overcome that now. they have short-term influence you can have these people coming in and tweeting and doing all sorts of things and that might be good for a pop 2000 here or there, but it's not going to overcome the long-term problem. >> speaki

reporting dustin dorsey, abc7 news. >>> always a good reminder. still ahead, the surge of the delta variant and how effective the pfizer vaccine is in fighting it. >>> plus, selling sickness. how ads are changing your mind and your health care. >>> and the driving force that >>> and the driving force that is hiding in [hippo groans melodically] [iguana belts major 3rd] [gator reverb] [splash] [singing indri sings] [elephant trumpets] [buffalo punish timpani] [cassowary crescendo] ♪ [goat does a sick vibrato] ♪ jason, did you know geico could save you hundreds on car insurance and a whole lot more? cool. so what are you waiting for? mckayla maroney to get your frisbee off the roof? i'll get it. ♪ (upbeat music) ♪ ♪ ♪ whoa. here you go. (in unison) thank you mckayla! dude, get it. i'm not getting it, you get it. you threw it. it's your frisbee. geico. switch today and see all the ways you could save. >>> san francisco police blocked off a street in the richmond district this morning so fire crews could attack a house fire on 20th street between cali

if you're jack dorsey and you're seeing people move towards this decentralized world, if you build it, they will come >> he's been bullish on it for some time. when we look at the fintech performers which has been tremendous, these are huge markets, paypal is among the top five banking apps in the world are you concerned about that or like sara is saying, does that just tell us that these are where the flows are going? >> i think that's what it tells us right now the funny thing about all the crypto stuff is people don't actually use them to pay for transactions this is about people buying them and waiting for the value to go up, right? so, i think probably the biggest thing that -- bit of information we're going to get in the next five years in this space is is there an appetite for transactions and if so then, you know, somebody's going to make some money off of it. is it the innovator or is it going to be the traditional banks? we won't know. but that's probably what i'm looking at the most is where are the transactions >> right and who's making the fees and then who's going to rak

axios is reporting he's planning to file a lawsuit against the twitter ceo, jack dorsey. facebook ceo rex zuckerberg. any moment now we expect an update on the deadly condo collapse in surfside florida. the mayor and the miami-dade fire rescue chief are among those who are slated to update. we will monitor both of them and bring you any live updates. meanwhile president biden is facing pressure to take on the crime surge that is devastating the united states' largest cities. this is "the faulkner focus," i'm gillian turner in for harris today from washington. things were joining us. homicides are surging across the country. as you can see, the stats here. republicans now and critics of the white house say the president is failing to connect the impact the far left, state-level policies and riots have had over the past year. yesterday the white house seemed to blame the crime spike on seasonal changes. listen. >> continues to work to address violent crime, we have seen it go up over the last 18 months around the country, including in the city of chicago. we see spikes in v

giants including facebook, google and twitter, as well as their ceos, mark zuckerberg, dash, and jack dorsey. three real nice guys. [applause] trump: we are asking the u.s. district court and the seven district of florida to issue an immediate halt to social media companies illegal, shameful censorship of the american people, and that's exactly what they are doing. we are demanding an end to the shadow manning, a stop to the silencing, and a stop to the blacklisting, vanishing, and canceling that you know so well. our case will prove this censorship is unlawful, it's unconstitutional, and it is completely un-american. we all know that. we all know that very, very well. our filing also seeks relief to allow prompt restitution and restoration and you can name about 20 other things, and it has to be prompt, because it is destroying our country. of my accounts, in addition, we are asking the court to impose punitive damages on these social media giants. we are going to hold big tech very accountable. this is the first of the motions that will follow, but this is the lead and i think it's going t

here's more on that story from dustin dorsey >> reporter: the staging area in pleasanton hills is theown location of missing hiker, philip kreycik. two weeks after his disappearance. he went for a run on saturday in his family reported him missing that evening. after intense searching from law enforcement there is still no sign of him. >> this is one of the biggest searches for a missing person. we are mystified and frustrated. we are perplexed as to why we have not found philip. and knowing that it has been two weeks. we are reminded of his family and everything that has gone on during this very long two weeks. >>> the volunteer search team has not stopped in the efforts. continue to hit the trails and post his picture. >> he was extremely fit, intelligent, and capable of taking care of himself. we believe that there are many reasons to believe he is out there and he is trying to get to us. >> reporter: the focus is on finding anyone with home security cameras that may offer clues to his location. in their falling two eyewitness acunts which it two people may have seen him on trails.

the elon musk, jack dorsey, and kathy would touting the token at a crypto conference. we will get the case from scott minerd. four of hong kong's top banks stop mortgage lending for evergrande properties as default fears grow. haidi: let's take a look at how we are setting up for this thursday session with asian equities firmly in the green on the back of the rally and wall street. this is how we are seeing early trading in new zealand. modest gains, .2% when it comes to trading in the key recession. futures looking like the gains will continue after the s&p 500 notched its biggest two day rally in months. the russell 2000 jumping almost 2% as well. a big story when it comes to oil, pulling back when it comes to wti at the moment, jumping. previously, the most since mid april. we see this broader optimism after that u.s. government report. we saw gasoline stockpiles driving last week as well and that added to some of those gains and as shery mentioned, a bit of an interesting session for bitcoin. we saw it briefly passing 32,000. elon musk, jack dorsey, all speaking at

the elon musk, jack dorsey, and kathy would touting the token at a c

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you have kathy wood, elon musk and jack dorsey.e's what they have to say. >> i believe that bitcoin will be much more environmentally friendly than traditional gold-mining or traditional financial services sector. in many ways, it already is. >> what about letting twitter advertisers pay in crypto? >> any form of payment they want to use we should be able to take. i am more focused on how we create economic incentives in the network itself without having to rely on advertising. >> i think something in the neighborhood of $15,000 is where we are going to and up. the standard bull market -- bear market for bitcoin has been an 80% retracement. given all of this, i think there is more downside to go. david: that is the case. it brings to mind to jack dorsey's point the benefit of having this on your balance sheet. you have to be prepared for anything. that does make sure a treasury. rishaad: i wonder what scott minerd is up to. this is a man that said the price can't be justified. then he goes on the $600,000 price target four days lat

the jack dorsey he wants to create an open, develop a platform to make it easier to provide a centralized financial status following the pattern to squares. previously in our digital wallet, a bitcoin german airline. lufthansa has its new holiday carrier called your wings discover. it starts off with 7 planes with its 1st flight next week to mombasa in kenya. it also says special holiday destinations like amman jara victoria falls in africa. i know that gun is not harvesting season is a crucial time for many rural women who earn a living, making shade butter. but a surgeon multinational companies exporting the raw nuts is now threatening their livelihoods. myself, duke reports i had a motor house and is among dues profiting from money increase international interest in gun if not industry. he buys the produce from thomas in sales on to more to national. this particular budget destined to be shipped to techie business . he says, is me, i say 2018. and 29 to coffee. i supply more than $10000.00 to my company and $29.00 in 2020. i sell about 18000 metro dos. ganna is, was the guest head larg

currencies have raised their profile and helped send prices. soaring tech likings must come to this jack dorsey are among those. in fact, the likes of bitcoin, the creation of bitcoin. and as mining is an enticing prospect in a country like ours in tina, where the national currency is depreciating rapidly. but there are risks attached people like argentinian alejandro. are hard to trace. he's afraid of the tax authorities. he's one of many who mines crypto currency from home, lupins. i'm going to come when i went in, but as a good investment in argentina because argentine as pain, so a so weak you can't get many dollars for it. and you often have to pay for things and dollars. but we have subsidized electricity in argentina, and here on the capital that makes crypto mining worthwhile and does, as isn't going to holler. but i mean that he, together with a friend on a 100, spent the equivalent of 5000 euros and pesos to buy computer equipment. they'll pay it back in $18.00 installments, interest free. they estimate that the crypto currency, bitcoin more strength, and better than the soft argentin

a long must can put his jack dorsey, among those in the back, the likes of bitcoin, the creation of bitcoin. then as mining is an enticing prospect in a country like argentina where the national currency is depreciating rapidly, but there are risks attached people like argentinian alejandro, are hard to trace. he's afraid of the tax authorities. he's one of many who mines crypto currency from home, lupins. i'm going to go more know any, but we're going to get a good investment in argentina because argentine as pain, so is so weak. you can't get many dollars for it. and you often have to pay for things and dollars, but we have subsidized electricity in argentina and here in the capital that makes crypto mining worthwhile in this isn't going to holler, but i mean that he, together with a friend on a 100, spent the equivalent of 5000 euros and pesos to buy computer equipment. they'll pay it back in $18.00, installments, interest tree. they estimate that the crypto currency, bitcoin most strength, and better than the soft argentinian pay. so despite fluctuations, some companies also spent milli

the one organized by jack dorsey open money initiative cofounder joins us now jill, thanks for beinghing that wood, and musk, cathy wood, elon musk, jack dorsey, is there anything they could say at this event that would move bitcoin one way or another >> i mean goodness knows whatever elon musk says, it's been proven over the last six months, can move markets so i'll be keeping my eyes on the headlines out of that event. it's important to note it's going to be a fairly balanced crew up on stage together. jack dorsey is making investments in crypto and bitcoin via infrastructure he's building out through square and desensitives areas of twitter. and wood is one of the biggest proponents who knows what side of the day he woke up on and where he'll come out it will be a balanced crew regardless and it will be interesting to see the headlines that kp from that discussion. >> what side of the coin musk will turn out to be. you bring opgood point with regard to musk because recently it wiped out all of the games that tesla had made, which at one point saw $1.9 billion do you expect that to

now he is preparing to take action over his concerns >>> and jack dorsey doubling down on the future of bitcoin. it's friday, july 16th, 2021 you are watching "worldwide exc exchange" here on cnbc >>> good morning tgif i'm dominic chu in for brian sullivan today quick check on the friday morning money. we are seeing stock futures showing very, very modest stability here you see the dow implied higher by 37 points at opening bell s&p higher by 3 points and nasdaq up by 5 the under performer yesterday. the dow is the only index still positive for the week and also on pace for the four-week winning streak nasdaq is about to snap an eight-week winning streak of its own. >>> breaking news from china regulators step up the investigation into regional ride hailing giant didi global. we have arjun kharpal joining us from beijing this is the next step to rein in the tech giants. >> reporter: absolutely, dom the timeline is days after the massive ipo. regulators opened a cybersecurity into the company they asked to pull the app from download they told didi they could not sign up new users. now

. >> mark zuckerberg, and jack dorsey. three real nice guys. [applause] they are asking the u.s. district court for the southern district of florida to order an immediate halt to social media companies, illegal, shameful censorship of the american people. that is exactly what they are doing. we are demanding and end to the shadow beening , the stop to the silencing, and a stop to the blacklisting, banishing, and canceling that you know so well. our case will prove this censorship is unlawful, it's unconstitutional, and it's completely un-american. we all know that. we all know that very, very well. our filing also seeks injunctive relief to allow prompt restitution -- really, restoration. you can name about 20 other things, it has to be prompt. because it is destroying our country. my accounts, in addition we are asking the court to impose punitive damages on these social media giants. we are going to hold big tech very accountable. this is the first of numerous other lawsuits, i assume, that would follow. but this is the lead, and i think it's going to be a very, very important

dustin dorsey visited san carlos today and found owners might fear they could lose their shops if theity doesn't act quickly. >> in downtown san carlos, a debate is growing. the street has been closed to accommodate outdoor dining during the pandemic. the city council says it is great for restaurants. with california reopened, some say it is time for the street to reopen, too. >> you are asking them to remove this so we can have some business as well as the restaurant. >> reporter: it is filled with family-owned businesses, some are there for decades. the lack of parking and access to stores have led to dire financial struggles. >> our business is down 70%. >> i have already closed. there are two other businesses that i know of that have not signed the lease are saying, if it doesn't open up, they are not going to get enough customers to pay direct expenses. >> reporter: these barricades don't just cause problems for the business, but for customers as well. >> reporter: gail has shopped here for years. how did she get here? >> i walked through the alley, through the park to get here t

dustin dorsey.bc7 news. >>> thank you. >>> two men have been charged with felony vandalism and a special allegations of a hate crime in connection with the damage of a black lives matter mural in santa cruz. 19-year-old warner and 20-year- old bojack have pleaded not guilty. they took turns driving over the mural and leaving tire marks on it. hundreds of people painted the mural and the mayor says it will be replaced. >>> a former execute pled guilty and cooperated with the federal investigation in to corruption at san francisco city hall. in a proposed plea agreement paul jitsi acknowledges that he conspired to bribe the director of public works to allow the company to raise collection rates. he has agreed to repay customers nearly $95 million. >>> let's go to the forecast. you can tell it really heated up today. >>> it did and tomorrow will be hotter. >> yes we surpassed 100 easily. and the heat wave rolled on for another day tomorrow. so do our air quality issues. live from the east bay hill area

. >>> square moving a bit higher after ceo jack dorsey made a surprise announcement.ey has the details. >> jack dorsey is building a new business dedicated to crypto, specifically decentral icedecen finance, also known as de-fi dorsey naming the new and building this in the spirit of the bit counsel. speaking of bitcoin, robinhood and coinbase are going head to head in the trading business it seems like robinhood had a step up. robinhood sauce about 1.6 million new app installs in april. and coinbase did not off dogecoin trading in april. back in january, though, robinhood user on that app for an average of one hour per week. that fell to about 30 minutes in the second quarter and a big risk, guys, for robinhood as it heads into the ipo. elon musk on "snl" dogecoin rallies and gamestop >> tbd, the bitcoin desk, if they want to stick to those letters. >>> time for a cnbc news update. >> here's what's happening at this hour. officials from germany say the cleanup is underway even as the search for hundreds of missing continues. the death toll has risen above 125. >>> a

three of them speaking together at the bitcoin conference if these twoie evangelists, dorsey and wooder crypto, that could have a major impact. >> it could. it's also really troubling for someone like that to be listening to the whims of everything some of the doubts around the ossi class, if you feel like they were bullying, i don't think anything has changed especially with the currencies and all the dynamics around global digital payments and blockchain meanwhile, blockchain and other forms of analyzing and actually securing assets on a digital format is growing in foundation. bulls will also say look a at etherium. they still outperformed the s&p in the last year it's been a heroic fall from grace, but it's still, for a lot of the proponents, the type of volatility you should expect, and they would be very happy with the year-over-year results. t if you asked them, this is where they would be. >> karen, you own bitcoin, so i assume you believe the bull case is intact, and doesn't this just prove bitcoin is primarily traded on sentiment? >> yes i mean, what's involved in sentiment,

so abc7 news reporter dustin dorsey is looking into how the venue is changing policies to prevent problems in the future. >> reporter: after a year off, the felton music call lasted landed a long list of concerts, but it is the grateful shred show that is making headlines. the mac i spoke with the county health board monday morning. together with contact tracing and those emails, we were able to determine that for people tested positive for covid that were at the show on the 18th. >> reporter: the band released a statement on their instagram page saying nearly the entire band and crew contracted the coronavirus, despite being fully vaccinated. one music call staff member is positive, too. santa cruz county is investigating the possibility of more cases at grateful shred shows. >> we only recently became aware, so our unit is investigating. we are in the early stages of that investigation, so we are still trying to understand the scope and source. >> reporter: shows are canceled until august 5 and there will be a policy change. anyone attending a future concert will be required to wear mask

our abc7 news reporter dustin dorsey explains why the is doing the 4000 mile journey a second time. >> some days in history so significant you can remember exactly where were even decades a letter. september 11, 2001 is one of those days for this retired firefighter, daryl sales. >> that morning i happen to come to work and we had a group of 17 brand-new firefighters at the last week of the academy. for the first two or three hours of our training all of us watched as the events unfolded. >> reporter: nearly 3000 americans were killed on that day, including 343 firefighters. to honor the lost lives 20 years later he and a team of retired a current firefighters are preparing to right across the country on bikes. 40 days, at 800 miles with it on a ride from the bay to brooklyn. >> we were trying to come up with a way to really honor 343 firefighters that gave their life on that day. we thought this would be a good way to do that. we look at averaging about one or miles a day going across the heart of the united states, connecting with fire departments each way. we come into new york in

>> probably eventually pay what bitcoin does if dorsey has his way. >>> "operation blizzard" back in spotlight following a lawsuit alleges culture of sexual harassment at the company. the ceo responding to growing employee backlash and internal note he expressed remorse over not providing "the right empathy and understanding. his response comes as hundreds of many employees gear up for a walk-out today to pressure the company to do more to address a host of issues including unequal pay, gender discrimination and harassment activision faced this over the last few months, a frat boy workplace culture, quote/unquote, and now this lawsuit. shares seeing a dramatic dip as the news broke. >>> more "techcheck" after this. stay with us. [swords clashing] - had enough? - no... arthritis. here. new aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. competition beat us again. how? they have a better finance system than we do. i feel like they might have a better finance system than we do. workday. how d

dustin dorsey explains how one official fears move vaccination rates and access may impact the hardest hit communities. >> reporter: are up in the state of california. new cases are seeing a 90% increase from the one prior. >> if we want to end the pandemic once and for all, we want to turn the page, we can get it done in a matter of weeks, not months. it's as simple as this. if you are not vaccinated, get vaccinated. >> reporter: it's the same message in santa clara county. rolando bonilla battlewi cod cember. he fears the latest variant could be far woe for people who are not vaccinated. >> i am here because i am pleading with our community to please get vaccinated. >> i am convinced that if i got in the delta variant, i wouldn't be here today. all in trying to do is make sure we don't lose any lives unnecessarily. >> reporter: it is not just on the residents to get vaccinated, but the local health officials to help get them vaccinated. that starts with reopening the site at the mexican heritage plaza in east him -- san jose. >> we must work harder to ensure people are coming through

dustin dorsey is live with more. >> reporter: we are here at the gilroy strong resiliency center whereemorial is about to get underway in abouthalf anhal hour. it is hard to believe that it has been two years since the mass shooting at the garlic festival that left three dead and countless more injured. the town says they will not forget what happened that day at the city's largest event the victims of the shooting say they don't want those at fault to forget either. moal site, at christmas this hill park, to remember the lives lost. forever changed by a sudden act of violence at gilroy's 41st annual garlic festival. >> reporter: even two years later, the wounds are fresh from the mass shooting at the gilroy garlic festival. to commemorate the anniversary, the city has come together for several infants including this morning's vigil and a ceremony hosted by the resiliency center this afternoon. >> out of this tragic day, a sense of pride of being part of this community was born. it is pride that has made stronger. together, gilroy, we are strong. we are gilroy strong. >> reporter: the

reporter dustin dorsey shows you the new project aptly named agrihood. it is how we build a better bay area. >> reporter: in the heart of silicon valley, a one-of-a-kind housing project. it takes you back to the roots of the city of santa clara. help solve the housing crisis and -- >> more than anything, it is abt ingingletogether. >> reporter: welcome to the newest south bay south bay construction, agrihood. the community will be centered around a working farm that will provide residents with fresh fruits and vegetables as well as farm to table events. a taste of the way santa clara used to be. >> that is where we started, with agriculture, so it will give people a constant reminder of where we started and what made us successful and bring us history back home. >> reporter: while the project looks to the past, it also moves to the future. a future where everyone in the county has a place to live. before the afmeasure allows $90 to go to building 19 more units. more than 150 will be built here. >> our goal was to house as many people in the community who

abc7 news reporter dustin dorsey has information for parents to try to ease anxieties. >> reporter: itwo weeks away, but it's never too early to get ready for school for third grade student suhani roonwal. >> i'm really excited to go back to school, because for the last year i couldn't go to school and i couldn't meet my friends and i couldn't play with them. >> reporter: she is not the only one ready. today bay area county superintendents announce their support for a full return to classrooms. her parents are happy for her to get back, but the recent surge in covid-19 has given them doubts. >> the school district is making sure they do the best to avoid these situations. we are kind of okay, but if it continues worse from here, we will have to stop sending her to the schools. >> reporter: infectious disease specialist dr. peter chin-hong understands the concern, but says it is safe. >> we are talking about a virus that does not like kids. there are very few receptors, which are the landing pads for the virus before entering the body. in kids compared to adults. that is why they are pr

dustin dorsey is live in pleasanton with an up date on today's search effort. >> reporter: we are here at the mobile command center down the road with the search continues. i will tell you that the volunteers and the family as you just saw are continuing to hold out hope. law enforcement are running into dead ends. they have had no recent updates or new findings. therefore, their investigation is starting to wind down. >> reporter: local authorities spoke with reporters with the same set news. despite nearly constant searching, he is still missing. nearly the entire area has been investigated. >> at this point we believe we have exhausted all possible search options within the park. >>fohe the search kick started once again. drones were deployed and volunteers went on the trails. it did not turn up any evidence. >> we scoured that area and came back with negative results. >> reporter: pleasanton police have narrowed down the timeline and learned he sent a package just before he went on his hike. they are not sure if it has any connection. is he still out there? >> having been up there,

caroline: jack dorsey and elon musk paying attention, i am sure. thank you so much.at spending time with you. romaine: just a reminder, you can subscribe to our weekly podcast. you will find all the best conversations we had on the show. great stuff. you got a podcast. joe: bloomberg technology is up next. this is bloomberg. ♪ (announcer) back pain hurts, and it's frustrating. you can spend thousands on drugs, doctors, devices, and mattresses, and still not get relief. now there's aerotrainer by golo, the ergonomically correct exercise breakthrough that cradles your body so you can stretch and strengthen your core, relieve back pain, and tone your entire body. since i've been using the aerotrainer, my back pain is gone. when you're stretching your lower back on there, there is no better feeling. (announcer) do pelvic tilts for perfect abs and to strengthen your back. do planks for maximum core and total body conditioning. (woman) aerotrainer makes me want to work out. look at me, it works 100%. (announcer) think it'll break on you? think again! even a jeep can't burs

we are hearing reports that he is going to announce lawsuits against mark zuckerberg and jack dorsey.t because former president donald trump will be speaking at the top of the hour. we're expected to hear about plans to file a class-action lawsuit against mark zuckerberg, founder of facebook and jack dorsey, the founder of twitter. that is according to "axios." trump and others have accused them of trying to silence conservative voices. this is a theme he has been repeating for a while now. trump has taken aim at facebook, google, twitter, as giants that have become too powerful as their platforms control and dictate what voices should be censored, making it possible to bypass the constitution's first amendment of free speech. >> big tech giants like twitter, google and facebook should be punished with major sanctions whenever they silence conservative voices. reporter: much the republican lawmakers as well say big tech giants, that the government needs to rein them in because they're suppressing speech they don't like and are telling people how to think. this attack on big tech socia

i know you are very bullish i want to applaud kathy wood getting musk and dorsey together is lettingaling bitcoin. if this is amazon 1997 to 2000, which i believe it is. i don't want to get juked out. >> is bitcoin apex or is etherium >> we have a lot of folks saying the thing i really want to hold is etherium? >> we started an etherium fund those are the big ones yes, i like those two. i think there's room for coke and pepsi and i think there is room for etherium and bitcoin. >> we are having a happy hour here at 9:01 >> we can organize that. coming up. thank you, anthony kkr will give us his midyear outlook for the markets. the inflation and state of the economy. that is straight ahead and twitter cfo ned segal will be our guest we return after this ♪ ♪ ♪ cisco. the bridge to possible. at pnc bank, ball! look out! we believe in the power of the watch out. the “make way, coming through” great... the storm alert... dad. and the subtle but effective ding. that's why we created low cash mode. the financial watch out that gives you the options and time needed to help you avoid overdraft

dustin dorsey, abc7 news. >>> happening now, and effort to vaccinate more people in the south bay. the department of public health is offering vaccinations at paypal park in san jose. you can get vaccinated there for another hour. officials were offering free tickets to the game for the first 155 fans to get vaccinated. club america and atlas fc are set to play at 7:30 tonight. >>> 75% of san franciscans over the age of 12 are fully vaccinated as of today. 82% have received one dose. mayor london breed says the city is in a good place, but the delta variant is a real concern if you are not vaccinated. >>> the unified school district is holding health and safety townhomes for parents to talk about what the return to classrooms will look like in the upcoming school year. education reporter lyanne melendez has this story. >> reporter: when students return august 16, things will be as they were before the pandemic, except for one thing. >> face coverings will be required for all staff and all students. >> reporter: that has been made clear during the school district hour-long health an

dustin dorsey explains how hope is continuing the search effort. >> reporter: foothill high school has been the command post for the search for 37-year- old philip kreycik all week long. six days following his disappearance, law enforcement and fire crews have cleared, but volunteers remain. kreycik's family visited with them today after they shared an emotional plea to keep looking for their loved one with abc7 news yesterday. >> i know in my heart of hearts that he is out there and alive, waiting for us. >> reporter: among the group of volunteers looking to bring the family piece was a group of kreycik's coworkers from pg&e. with the pandemic they only had limited interactions with him in person, but they are not turning their back on their missing teammate. >> he was always a joy to work with and extremely knowledgeable in his field and i think i speak for our entire team when i say we m e tove wor >> he has been part of our team for about nine months and i know if it was anyone of us, he would be here, doing the same thing, so i just feel very strongly that we are one team and we l

ark's cathie woods discussing cryptocurrency at the b word conference some highlights include dorsey saying he thinks bitcoin will be the currency of the internet at some point cathie woods predicting apps will be built on top of blockchains like bitcoin and elon musk addressing accusations he's manipulating prices >> i might pump but i don't dump i would like to see bitcoin succeed. >> house democrat taking aim at the billionaire space race with taxes. earl bloo oregon's earl bloom talking about carbon emissions or space tax act. it targets flights other than space research and aimed to charge a 10% per passenger tax, similar to those with airline tickets. >> and baby showers reimagined for the business world get this entrepreneurs are now throwing business showers for their new ventures the goal -- to build community support for their new endeavor, whatever it may be one company even offering a virtual kit called "start-up stork" to help you plan the bash congratulations, you're having an llc >>> on wall street, the dow up again. 286. s&p up 36. and the nasdaq up 133. >>> i'm shepa

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later, we see jack dorsey apologizing. both of us have an enormous megaphone. doesn't have one is one of the plaintiffs that president trump -- she merely put up a video and was blocked and censored. this is giving a megaphone to thousands of americans across the country, and good for the president. >> emily: morgan, this is against the landscape of doj talking about new attorneys in the fight which they argued as a monopoly of these big tech giants. could this be a full frontal scale assault on these guys from all aspects of the public here, through all the forums possible? >> that's a good point, emily. when we look at the actual lawsuit, it'll depend on lawyers like you and kayleigh to give us the facts. i will tell you from a p.r. perspective, zooming out of the big picture and all of this, there is a monopoly on information by all of these major social media companies. and that is really, i think, getting to the heart of what seat in the stack met earlier. that former president trump is trying to address. whether the lawsuit is successful or not, i think t