a presentation from rebecca the public affairs manager google and joe global business with google and adriana the person that oversees the diversity with google and alison is with the diversity section of google sfgovtv i believe we have a power point presentation. >> probably google dots actually (laughter) exactly. >> it is up on the computer not on the screen is that how it - . >> there you go. >> great. >> good afternoon commissioner thank you very much for hosting us today as i was introduced i'm rebecca respect started with google about 6 months ago that is your broader program to explain to the partners and city how google participants in helping small business so a few things i wanted to point out number one google has an office in san francisco since 2007 at fulsome and spear one of the things number one was to make on appointment with our director to talk about how we could infuse more san francisco businesses into google we support a lot of local san francisco business within google some examples for barrel coffee and t h o we have produce but obviously want to expand and t

the moral issue is what does google promise to do compared to what is google accident.ted the ipo today. the company said that our search results are unbiased. people believe that google is going to give them the best search results. in defense of the eu case google searchers can go on from flights to jfk you'll get these results across the internet and it will be the same. someone did that and compared a kayak search and a google search. guess what? i found cheaper flights on kayak. that says to be the real risk for google is that the information of their search results are sometimes biased in favor of google favored results not the best deals for consumers. that could hurt this company even more than $5 billion. emily: then, what is your reaction to that? >> my reaction is not so much that google is being biased, but not doing a good enough job and search. if they want to do a better job, they will become irrelevant to consumers. it is proven to have lots of data and especially on mobile the less and less consumers especially sophisticated consumers with lots of money

google is not part of that process. for example, yelp says 40% of their restaurant bookings come straight through their app. number one, are they dominant and number two is are they abusing it? google will always say, how do we give consumers what they want? to my knowledge, knowing the people at google and the way they were, i don't think they would have said, let's place our products first. they would have said, consumers seem to like vertical specialist search. let's change our format and see if they like it. before handing back to you every time google makes product searches, and changes, there are no surprises that people have been hit and complained. the question will be, whether it is based on their dominance and if they abused it. emily: how serious is this allegation against google? how serious is it that the eu has ratcheted this up to formal charges? paul: i think it is just an interim stage, this marks the end of the first phase of the investigation. where the commission looks at the preliminary point of vie

we begin with google. the search giant faces biggest issue ever when the eu began slapped them with an antitrust complaint. the eu began investigating google search practices. after competitors complain. google started to settle, three times to no avail. the eu has filed -- specifically the eu claims google favors it's shopping service over that of its rivals, for instance, when you search for an item like a laptop, google shopping results show up and are prominently displayed. leading the charge is a top danish competition. >> it is of course limited and is also the first place where we have a complaint. first place where we got a complaint, that google is favoring its products in search for the longest period of time. however, we will continue to look at google's conduct in other areas. emily: vestager also opened a probe into android. she is still investigating search results for hotels. google controls 92% of the search market in europe, compared with just 75% here in the united states. in response, go

he cofounded google x, google's innovation laboratory. he helped launch broadband balloons to connect to the internet through the stratosphere. now, thrun is on to his greatest ambition yet, democratizing a higher education, by sharing knowledge with people that can't afford it, via the internet. joining me on "studio 1.0," inventor, professor, and founder, sebastian thrun. i thought we could start our interview wearing google glass because you have been a big part of it. how often do you wear these? sebastian: mostly outdoors, out and about. with my kids. when i go bicycling and hiking. emily: what is the most surprising thing you have done wearing google glass? sebastian: you know, i had this ambition to make a device that you can wear all day. in every situation. and, it is, for me, it is awkward in a personal conversation. this is something that excites me much more when i'm out and about. emily: there is a stigma against wearing google glass. there is a word for it called "glass hole." sebastian: i think it is a new technology, and i

emily: paint the most dramatic scenario for google. could google have to breakup in europe? paul: i don't think it could come to that, under what we would call the behavioral investigation. it could be that google would, in search of a concession, and this is an unlikely scenario could offer some form of breakup to placate the commission's concerns. but as your guest has said, the most worrying aspect is that google will be forced to comply with a legal precedent which drives the coach and horses through the way it does business. there are other aspects of what has come out of the commission today, which is very interesting. looking at the android case, it is talking about the way in which google licenses with manufacturers like motorola and samsung, saying it is obliging manufacturers to exclusively preinstalled google apps. this is interesting from an antitrust lawyers perspective. it's reminiscent of what happened with microsoft windows media player and microsoft back in the 90's when windows was an important a gateway -- important a gateway to several markets. quite fran

now they're going after google when google has been late to mobile.sider had a chart showing how cpcs are declining, youtube is also under threat. twitter going hard into video. vessel being launched. netflix, all of these competitor. it seems incredibly unfair to now regulate a company because they're doing well and maybe they prioritize a few of their results a little more, it's called competition. >> i don't know if it's unfair. from the perspective from a lot of companies that google is up against, they say that google has strong-armed them, basically stolen their content. google's side will come continue to come to light. but i think this is possibly the most important thing, head wind facing google. the ecommerce and the search concerns. the android tying issues, the fact that the eu is looking into the issue of when google hands over the latest version of android and says, well, we'd like you to use our mail program, maybe install google music. oh, by the way google maps, also, et cetera, are they also saying you cannot install microsoft's vers

flights that google google buzz not getting a piece of. that says to me, the real risk is that the information is sometimes biased in terms of google favored results. not the best deals for consumers. that could hurt more than $5 million. emily: then, what is your reaction? ben: my reaction is that they may become irrelevant. if they do not do a better job they will become irrelevant. it is a proven fact with lots of data with desktops and mobile, less and less consumers, especially sophisticated ones are starting their search journey with google the cause of, for example, but corey just said. finding better deals etc. elsewhere. so i think google has an obligation to its customers and shareholders to improve its results. that means improving formats. more choices. more images more ability to sort and filter the way kayak does and etc.. otherwise, it will become irrelevant and start declining at some age. kayak is still winning, so why would kayak worry about google if they are still finding better offers? google needs to keep improving, g

we begin with google.he search giant faced its biggest threat ever, as the european union flak debt with an antitrust campaign. it all started five years ago, when the eu started investigating google search practices. the eu has filed formal charges. they have accused google of being anti-competitive and abusing its dominance. they claim that google favors its shopping searches over its rivals. google shopping results come up and are prominently displayed. a top danish politician is leading the investigation. >> it is the first place where we got a complaint. first place where we got a complaint at google is favoring its product in search for the longest period in time. we will continue to look at google's conduct in other areas. >> she also opened a new probe into android. she is still investigating search results for hotels and maps. google controls -- while google might be the most used search engine for finding information in different ways and allegations of harm for consumers and competitors have pro

google flights google isn't just a competitor in this space it also owns ita software, it sells software to these rivals, google could hold back the best deals for itself and give its competitors only higher priced flights. there is no evidence that it is actually doing that john but that's extraordinary power. it owns, searches, owns one of the biggest flight companies and sells crucial data to the rest of the field. if you look at google's field online shopping and books and movies and social media, if you choose to experience the web the way so many do, by going to google first the company has extraordinary power to influence where it is you go, who gets information about you along the way, and john, what you buy when you get there. >> jake ward reporting. breath larson is a tech analyst and editor of tech bytes.com. what impact could this have on the company? >> it could be potentially bad to their bottom line. they could get slapped with a potentially heavy fine. we've seen european companies slap pretty healthy billion euro fine against them for their dominance, they did the same t

is saying there's enough here to suspect that in fact google is abusing its power. >> how i guess google responding to this? >> we've known about this the last few days, that this announcement would be made, so the extent that google issued an internal memo to its staff saying we have a very strong case to answer and we can see this e.u.'s statement in a positive way to express how much we are doing for competition. today the announcement is made and there's a google blog summarizing the official response to this latest development, saying while google may be the most used search engine people con now find access information in numerous different ways and allegations of harm have proved to be wide at the mark. there's no sign of google rolling over in the face of this e.u. charge. i think they're going to respond. they have 10 weeks to do so. they may go as as far as asking for a face-to-face meeting with e.u. investigators. this is the open salvo of what could be a very long and contentious case. >> only the beginning. simon, thank you. >> economic growth in china has slumped to a six y

emily: we begin with google. they face the biggest direct as the european union slapped the company with antitrust. how did it come to this? they began looking at searches. now that you has -- eu has filed charges, accusing google of being anti-competitive. did -- the eu claims it favors its products over others. leading the charge is a top danish politician. >> comparison-shopping is of course limited. and it is the first fight where we have a complaint. the however, we will continue to look at google's conduct in other areas. emily: they also opened a code into android, she is still investigating search results for hotels. googled controls 92% of the search market in europe, compared with just 75% here in the united states. in response, google is not backing down. they say, while google may use be -- may be the most used search engine consumers and competitors have proven to widen the mark. in 2013, they launched a similar investigation but closed it. if found guilty, google could be signed. -- find. still, leg

google's mobile operating system. google quickly shot back. >> look at the tremendous innovations and evolution we've seen in the search industry in the past few years. we can't standstill. we face enormous competitive pressure. we'll respond. separately we'll have a discussion with the regulators how we do that. >> reporter: this news comes at a tough time for google. its stock has gone nowhere in the last 12 months as investors worry google has missed the boat in social media and ad dollars are moving to companies like facebook. worst case scenario google could face a potential $6 billion fine. the company does boast a cash pile of $60 billion so that fine though serious wouldn't be a huge setback. more broadly regulators could force google told make changes to its search business. that could have a chilling effect on google's ability to remain innovative. google became the dominant search engine around the world by writing better algorithms than anybody else's. there's the potential stock impact. when microsoft fac

so big question on google.h big believers because we have so many embarrassing clips out there. when we google ourselves on an hourly or daily basis in your case, you want those clips to be forgotten. so google has been dealing with antitrust issues and the european commission before, so we'll see how they respond this time. francine, you can deny you don't google yourself. francine: well the problem is there are actually embarrassing clips. you have a knack of getting people to say exactly what they don't to want say, but yeah, there's some stuff which i'd rather not have out there. how much protectionism is at play here? hans: we talked to a german politician, now the head of the digital commission at the e.u. and in some ways he's very open that he wants a regulatory framework within europe that is stronger and protects european companies and protects european priorities. i mean he's, frankly, embarrassed europe hasn't competed as well. i talked to him about three, four months ago in munich, and it seems lik

google has the responded to the allegations in a blog post the company says, while google may be thest used search engine people can find and access information in numerous different ways. and allegations of harm for consumers and competitors have proved to be wide of the mark. the company says there is more choice than ever and competition is thriving. it says it looks forward to making its case in the weeks. >> consumers are no longer being directed at the most relevant, best production services on the internet. >> she runs foundem, a tiny direct competitor. it was her complaint that triggered eu acttion against google. >> there is no question that google prices have caused us serious, serious harm. when you are excluded or demoted out of contention from google search results you are effectively disappeared from the internet. >> reporter: the case has become politically charged. last year the european parliament voted that google should be broken up. and unbinding, symbolic against the tech giant. the eu competition commissioner was at painses when day to deny the latest decision w

this isn't facebook killing google, facebook and google having a big share google trying to catch facebook and display advertising, you wouldn't believe how fragmented it is, and i think you'll see both companies grow share and a big growth driver for. it doesn't have to be either/or. >> evan, got to leave it there. evan wilson of pacific crest. overweight rating 675 is the price target here. are you convinced that ruth porette will be the catalyst to perhaps close the gap. >> perhaps, i think that's the case. again, it goes back to the ad revenue that's coming from youtube and the fact that they can get bigger corporations coming in in here. now, i would also extrapolate that to facebook as well. i didn't like how facebook traded today so i still like the stock. facebook, just be a little careful with how big you get in that position. >> facebook trading. >> once again, down obviously last night in the after hours, traded as low as 82 and traded up above 85 again and for whatever reason 58 can't hold and closed lower on the day. i think the quarter was fine and that the stock should trade

caroline: governing google next. the european commission could issue charges against the tech giant violating competition laws. google is accused of highlighting its own web services in search results at the expense of rivals such as microsoft and expedia. the implications could be severe with hefty fines and constraints about how it delivers google's online search engine. let's get out to hans nichols who is been tracking all these developments. it was the best case and give us the worst case for google. hans: good morning, caroline. the best case for google is that when these formal charges come down today is that they are actually weaker than expected and that google is able to litigate for quite a long time in various restrictions before any remedy is put in place or for any fines are put into place. there is no dispute about google's market share. they have 90% of market share stop -- market share in europe compared to 65% in the states. they came close to settling it with the last commission but at the last sec

olivia, google. olivia: breaking news on google. the eu commissioner in charge of competition is raising a statement in brussels. following the news that google has officially been delivered the charge sheet from european regulators. the accusation is that they have abused their dominant position in european search to harm competition, essentially diverting traffic from rivals to the on-site. interesting to see what the reaction is and if that changes google's business model. tom: jason turner with us -- jason trennart. you can dovetail this into the doubt in europe about the way we play the game over here. it's a constraint on american companies. jason: we have a washington office, we focus on policy. i will say technology is probably one of the most politically protected industries in the u.s. it's largely left alone in many ways. i disagree with what europe is doing because i don't think it's a good way to develop their own economy it will prevent other companies from coming in. there is a lot of u.s. companies -- tom: brendan, e

google hired all the engineers who were working on it to change google. expansion from search into other businesses that is the problem. when google uses that search advantage to bury competitors in shopping or airlines and travel. that is what they are accused of doing and that is what the problem is. erik: thank you so much. tori johnson is our editor at large in san francisco. thomas, thank you for joining us. stephanie: moore withstand druckenmiller. he will be telling us -- more withstand druckenmiller -- with stan druckenmiller. hank paulson talks about wall street. ♪ stephanie: welcome back to "market makers." stan druckenmiller is sounding the alarm on the fed's zero interest rate policy. he thinks the fed needs to raise interest rates now. he thinks they should have done it a year ago. stan has been criticized by paul krugman for talking his book and fear mongering. i spoke with stan and asked how he responds to that. stan: i would never say anything negative. stephanie: you said a lot of negative things. stan: i said the risk of going too late,

>> this is classic google.do something to show the way or provoke change in an industry. remember in 2008, they bid on the 700 megahertz spectrum. not because they wanted to win, they wanted to lose and they wanted open access rules to be adopted. they did the nexus line of phones, to show the way for other android developers of hardware. think they're doing something with this i don't get what's totally novel about this. with a lot of carriers now, you have unlimited data. which t-mobile which is a customer of mine, you have rollover as well. it's interesting that these guys are going to do this at this point. >> we haven't quite gotten all the details yet. there's something missing from "the wall street journal" article. >> can you do this with a lot of carriers, it's like the subprime market in wireless. if you can't afford, if you don't have the credit to get a really good plan to begin with, or if you're really rich and you have a whole bunch of phones and you don't want to put them all on the same plan, s

he was going to sell google -- tesla to his friend and google ceo larry page.rn, google agreed to spend another 5 billion and capital on an expansion. how close to the comfy come to selling the entire business to google in 2013? i'm joined by ashley, a great writer and a great writer of a book -- elon musk, tesla, spacex, and request for a fan at -- fantastic future. an amazing story. two aspects of this story jumped out at me. told me it was amazing that would not tell me a month ago. you told me there was something related to sales. tell me where your story breaks. >> model s came out in 2012. great reviews. the motor trend car of the year. you had all these early adopters who came in and bought the car. what started to happen is word-of-mouth was not that great. door handles, windshield wipers things like that here people were giving it a hard time. all these customers in line had bought a spot in line to buy a tesla and they were not following through. >> we have got a timeline, which starts to tell that story. the first thing that happened with the timelin

for example, design changes to google maps.is what you doing a google really struck me because that changed dramatically within the last year or so. what were you trying to do with the design to change the way google maps -- it is assessed for product -- a successful product -- what are you trying to do with the product in changing it? >> we are trying to make things more beautiful. that is the velocity google approaches all of its products. try to make something really wonderful for the user. the original search page is so simple and fast. cory: it is different now. design was not a focus of google. it is now. i wonder how you see that difference. matias: one of the things we have been dealing with is how important every detail the experience is. that is no different for google than any other company. josh: on that point, you are so huge now and have so many different regions and maps has become a product that is a court to the experience. even if you get an iphone, they use google maps. it's a better product. the slightest ch

we google everything. the european union has accused the internet giant of becoming too dominant online and says they are breaching competition rules by using the search to promote its own products online. lori kaplan jones has more. -- rory jones has more. it is even a bird in the dictionary. europe's competition regulator say google is abusing the power by pushing its own services and that is harming consumers. >> these are our concerns. that consumers don't get the best choice and that we do not see the most interesting and innovative companies if we are always presented for the google shopping. rory: the charges of the google search box is that they are not objective but favor google services. i have done a search for digital cameras. above the ordinary results is this box from google shopping. the items are not there because they are the most relevant, but because google has been paid by the advertisers. the tiny british search for them which originally filed the complaint says google's behavior has h

jane wells, carlsbad california. >>> back to google. they are working on google fiber which provides super fast internet to locations. and one is kansas city kansas and many start yuchs have -- start-ups have flocked to the area because of it. >>> the internet connection may be blazing fast but the rollout an entirely different story. >> as google fiber gears up to expand the footprint around the country, businesses have flocked to kansas city kansas and kansas city missouri to capitalize. the google high speed fiber has braunt entrepreneurs to the region from as far as europe. this business relocated to the area from france in 2012. three years later, he's still waiting for fiber to deliver. >> the business application hasn't come as quickly as we had hoped. but certainly we're in the implementation process and we expect to have it here in the next couple of weeks. >> but for those who have fiber, it has been a game-changer. >> buffering is something you won't see here in kansas city where internet connectivity speeds are up to 100 tim

you want, you get google shopping.tematically, every time you do a search, we have a problem. that's what we have lined up in our review. stephanie: when i do a google search today, versus three years ago, i have to do a lot of scrolling down before i get to what i think is an unbiased -- erik: google has such extraordinary market share in europe. google is still the dominant search provider in america but being is here and yahoo! is here. google accounts for 95% of search traffic in europe? margrethe: in a number of countries, more than 90%. it is a very dominant position. it is a de facto monopoly. that is why it is earned. erik: would you be bringing this case against google if it's market share numbers were more like what they are here? margrethe: that is very hard to answer because then you would look at the conduct. it is the conduct we are aiming at, not the business. erik: there it effectively has a monopoly. margrethe: i think that is very much due to the fact that they are -- that there is small competition h

favors better news, it sometimes favor what is google thinks is right and the problem is, is that googlepart in search and they're pretty much the only game in town in search that everybody has to respond to it. and it's again, they're not doing anything that's not already happening. and if you're not changing your business into a mobile business, you're in trouble. if you're using the web for anything important. so it's the way it is and everybody is going to have to adapt. >> i guess there are a couple of possible impacts, one would be positive for businesses that do web design and possibly for companies like adobe that provide the tools to do that. another is i imagine some businesses are going to have to decide, do we want to attack mobile through the web or do we want to do it through apps? might this push people away from the web because of the cost of remaking the old legacy page? >> yeah, a lot of it is not as difficult as you're saying. can you do certain mobile-friendly things on your website. we think about it a lot at recode. should we have the app? should we do this? how do

fining google for 10% of google's earnings. >>> german cup manager resigns. >>> hello, a warm welcome to the program. as saudi arabia keeps up its defensive against the houthi rebels the former president ali abdullah saleh has asked for safe passage out of the country. forces loyal to saleh have been helping the houthis. the rebels are accused of ran random randomly shelling the area. but of course, it's the people of yemen who are really suffering. at least five cargo slips carrying much-needed food are stuck off yemen as the coalition searches them for weapons. they threaten to create food shortages. >> in the message it seems that saleh has actually told the gcc leaders via his envoy that he has no ties whatsoever with the houthis, and that he's not part of this war and he's not supporting the houthis. of course, this contradicts what he has said earlier when he sent his son with the same offer but with conditions at that time. now saleh has no conditions. when he sent his son he said during those conditions he wanted his son to be the president of yemen or to be able to run for th

on google search. they hinted that it may go on further to google travel but to the core search function, they did not necessarily say a lot about that. they are expanding it and they are going to go after an inquiry into the android operating system. that is the bad news for google. the other aspect of this is the commission gave google an opportunity to remedy this. they say you have to have your results with shopper be somewhat comparable to the other results. the fines are significant. it could be up to 1/10 of google's global earnings, 6.6 euros. a third of their revenue comes from europe. some of that is me googling myself, but just a small fraction. [laughter] betty: like 5% of it. how much of protectionism is at play? hans: by their own admission, european commission officials have talked about how embarrassed -- europe has not continued to compete on the tech front. they're looking to you regulations to help level the playing field. this is not just about google. this is about facebook, other

google apps in prominent ways. because they have such a march -- a large market share in search anyways, it seems to say if you're going to have any android device, it will have to have a ballot box approach which could be the case with microsoft on the desktop in choosing a browser. the usual have to decide -- the user will have to decide if they want google search or something else. danny sullivan, and provine -- praveen thank you. we continue to follow this. we have breaking news on the futures trader arrested for his alleged role in the 2010 market crash. julie hyman is in new york. what have you got? julie: he has been arrested in london by scotland yard. this according to the commodities futures trading commission -- the doj on the criminal side of things. the doj is alleging that this trader had contributed in some way to the flash crash of may, 2010. they are holding a call and detailing exactly how he may have contributed to it. some of the things they are talking about is that he has been charged with wir

google now has 10 weeks to respond. and, of course i will carefully consider the response before deciding how to proceed. >>> let go live to our correspondent, simon mcgregor-wood, who is in london. these are serious charges, simon. >> they are charges, although to be slightly pedantic they are not yet formal legal charges. what the e.u. commissioner for competition was outlining there was something called on iu speak, a statement of -- e.u. speak, a statement of objections. it's correct to see that as an opening salvo in what could be a long and costly case for google. as you have seen with that... >> sorry, i was going to abbing what does google have to do. we understand that there's a window during which they can make risks that could shut down the case. what do they need to do? >> yes, there's a process. and what they have is 10 weeks in which to respond to this statement of objections. they can go and have a face to face meting with some antitrust e.u. investigators, and defend their position. this is a 5-year long

emily: what about google?ric schmidt, chairman of google, recently said that amazon is their biggest rival in search. bill: to qualify, he made the comments during an eu antitrust meeting. there was an incentive to highlight the competition, obviously. but i think there is some truth to it in this case. the nature of search is changing. if you were to search for an item to buy from an e-commerce search on amazon, you know where the reviews are, you know the category it is in, you know how to select prime or not. you do not get those features. now, google is doing something interesting. they are taking on this endeavor called google shopping express, which i cannot make the math work. i am waiting for someone in the press to follow around one of these vehicles and add up how many stops. i don't see how it can work. emily: and they are also trying to do delivery drones as well. bill: don't get me started on drones. i think the drones and the self-driving cars are a distraction to keep the media from talking abou

design at google includes more than just the google products.e design android, which is so many other products live on. the material design, which goes beyond google products to the web and ios products. we take those possibility of not just pushing a particular style or what our idea is -- we take a responsibility of not just pushing a particular style or what i our ideas. we want the design to be objectively as good as can be and that involves inspiration by the best designers and empowering them to do the best things, but also validation, testing, monitoring. cory: i'm sure everyone who cares about their work is striving to do the best they can and also hating the results because they care so much. matias: that is the curse of the designer. cory: well, it is the curse of work. i wonder when you look at android, one of the reasons it is ubiquitous is because the system is so open and there are so many flavors of android. it is not a product you absolutely control pit what is the fullest android experience? matias: i think all of those differen

could google's get something out of this to? big impact on mobile ad dollars. >> one of the reasons, apart from the search quality, google and search engines in general faces long-term threat that people are using more apps. they are already deciding what sites to go to. if they want to shop they use in amazon app. praveen: it is important for them to stay relevant -- relevant. that means giving you the information you need right there. on mobile, attention span is small. the better search results, the better ad pricing. that helps getting better market share versus rivals. especially social media. emily: danny, obviously there is a lot going on with google right now, they are fighting this big antitrust investigation in the eu. the eu has opened a new investigation into android. i was asking -- listening to a critic, saying google could do whatever it wants with search algorithm, why does it have to cater to other websites that are out there? what do you think about these investigations? are they fair? danny: most of the stuff

you look at what google is trying to do.echnology companies are finding ways around the duopoly's and monopolies. >> there is a reason why they are trying to join forces in the first place. the reason why they are looking to get more critical mass. alix: the terms of where do we wind up going instead and why we see so much consolidation. one trend we have seen is a strong dollar. taking a toll across the corporate sector. just today 3m, pepsi, caterpillar -- all failing this dollar crimp overseas. from where you sit, what kind of a detriment is this? >> the interesting aspect is the effect of the greater dollar is stronger than what analysts have been anticipating. is it a question of just the stronger dollar or pairs with generally weaker growth across the world that is bringing >> we are hearing the closing bell. the s&p above its record intraday high but closing lower, unable to hold onto those record levels. the nasdaq closing at a record high. the nasdaq is racing losses since 2000. an unbelievable run. higher for four

google has ten weeks to respond and on wednesday issued a statement saying while google may be the most used search engine people can now find and access information in numerous and different ways. allegations of harm for consumers and competitors have proved wide of the mark. as it went former charges abroad google will have the right of appeal and the whole process to take years to resome of revolve. but the stakes are high in what who be a crucial test case in a digital economy. al jazeera london. >> the islamic state in iraq and the levant have captured three villages 13 iraqi soldiers were killed in battles with the group. we have reports from baghdad on a tough task facing the iraqi army. >> on the outskirts the iraqi army said it is making gains. clearing mortar tore and preparing to advance further. more reinforcements have been sent. and soldiers are ready to fight. but isil is holding tight. the town center is in their grip. behind these lines is the real battle front. jets from the u.s.-led co-alation have beencoalition has been performing airstrikes. >> we advance four kilom

this is a huge problem with google glass for example. how do you power google glass?lly good. this is the best age to be a battery genius. there may have been no time in the age of batteries when you can make there and -- your name and get rich. i urge if any of your viewers are in the space, battery geniuses no one into silicon valley to arne a lot of money right now. cory: i just wonder -- it is one thing to figure out better batteries for consumer electronics the automotive industry however, going up against gm is a test effort. still think there is a lot of innovation to be had in the battery space or cars? >> yes. i think the fact that apple and google and richard branson, they are attempting to be in the space that google is in the space is a very good sign for producing the super battery. they may have a better chance at gm at doing this. there are two pillars of creating commercial super battery and one is discovery in the lab. the other is genius in manufacturing. that is what they have producing design product consumers want to buy. they have the sizzle. get

this is a huge problem with google glass, for example. how do you power google glass?ld expect -- he is really good. this is the best age to be a battery genius. there may have been no time in the age of batteries that you can make your name and get rich. if any of your viewers are in that space, if they are battery geniuses, go to silicon valley. you can earn a lot of money right now. cory: it is one thing to try to figure out better batteries for consumer electronics, phones glass, whatever. the automotive industry, as you write about so wonderfully in the book -- going up against gm is a tough effort. you still think there is a lot of innovation to be had in the battery cars? steve: yes, i think that the fact that apple and google, and then richard branson -- they are attempting to be in the space. that google is in the space is a very good sign for producing the super battery. they are better than gm and doing this. there are two pillars of creating a commercial super battery. one is discovery in the lab. the other is genius and manufacturing. that is what they hav