we are going to hear from gv, formerly google ventures, co-founder though merit about his fund's new bloomberg. ♪ ♪ emily: covid-19 underscored the need for innovation in biotech, health care and more. section 32 is a venture capital firm investing in technology and lifesaving medicines. bill maris, who founded gv, formerly google ventures, left in 2016 start this new firm, which has since raised three funds and has over a billion dollars in assets under management. he started his career in biotech studying neuroscience and is back with me now. good to have you back here on the show. obviously, it has been a roller coaster of a year and a half, and certainly in your business. as we come out of the pandemic, where do you see the biggest problems that need solving, and how do you put your money to work to do that? bill: yeah, i don't think i've ever seen a more opportunity rich environment as an investor than now, but that's because we face tremendous problems and challenges, and i think it stems from the fact that unwell people have always co-opted the tools of science and technology

former head of google ventures is putting a billion dollars to work at the intersection of technology and life sciences. where he sees the biggest problems that need solving as we emerge from the pandemic and how he is putting his money to work. all that in a moment but let's take a moment at the -- take a look at the markets with kriti gupta. kriti: a risk off day in the markets. the two extremes of the recovery trade, economically sensitive small-cap stocks and big tech growth stocks both in the red. it is where you are to see the large breath of selling. s&p 500 down 0.3%. where is the money going? right into treasuries. that is not the trend you have seen this month. this month, you have seen that diverge. you have seen growth outperformance. those small caps that were rallying so much after jode biden selection, after the pfizer vaccine announcement in november. this month, not doing so well. you're starting to see the divergence signaling there is a safety trade here. what is the driver between this? this is where i want to point to the 10 year yield. that is the white line in t

the news comes after disney enforced a mask mandate for all guests that venture indoors. googleost" are requiring all employees be vaccinated, 400 colleges and universities and all civil federal employees. similar at walmart, sam's club, apple customers will have to wear a mask in half of u.s. stores masks, even coming back at wall street and start spreading the news all staffers,performers and theater goers will need to be vaccinated in order to enjoy a show on broadway the rise of the delta variant impacting employees who'll be going back to the office that is the case for lyft, pushing back the date to february, apple, uber and google all pushing back dates to october. and then twitter closeds it new york and san francisco offices and paused future reopening. for many, september marked a triumphant return to work. >> maybe if you sang more things would be better. i am going to hold you to that the delta variant becoming a huge wild for investors. let's bring in jim and tom thanks to you both jim, as you hear the headline does that make you nervous about the way the stock mark

neuro link says it raises more than $205 million more in venture funding, particularly from google, neuralinks working to link the brain wirelessly with the monkey playing ping-pong moving the paddles with this brain. dispensing a banana smoothie because it gets boring after a while. >> it's fascinating. >> some find it creepy as well. here's the idea. computers are going to get smarter than we are one way or the other so we might as well join them. >> yeah. >> and use their smarts instead of them just having all that themselves. >> it reminded me of an atari game. >> pong. >> absolutely. >> my uncle used to have one. >> something else my uncle and i used to do, go to mcdonald's. trending this morning, mcdonald's will soon be offering a sweet treat. the company partnering with santa clara native and rapper saweetie for a next meal deal. it includes a big mac, four piece chicken nuggets, fries, sprite, and sides of barbecue and saweetie sour sauce. it drops next month. >> that's a lot of food. >> i don't know if you can eat all that. >> never had a big mac. sorry. >> we have to talk about that

venture. the treasure map forms modern globetrotters discover some of you have to record breaking site on google maps. and now also in book form the, the hello and welcome to focus on europe. i'm lar, bella, it's nice to have you with us. after a long delay the european championships have finally kicked off, and soccer fever has taken hold of europe in the stadium in pubs or on the streets . millions of fans want to see their stars and their team for them. it's the perfect.

venture. the treasure map forms modern globetrotters, discover some of your works record breaking site on google to and now also in book form, the wife is a big tournaments and a great phone is not people playing the music, people breathing and so different and so separate the.

venture. the treasure map forms modern globe trotters discover some of you to record breaking sites on google maps. and now also in book form the news. hello and welcome to focus on europe. i'm la, bella, it's nice to have you with us. after a long delay, the european championships have finally kicked off, and soccer fever has taken hold of europe. be it in the stadium in pubs or on the streets. millions of fans want to see their stars and their team for them. it's the perfect opportunity to finally experience a bit of normality again and to have something to celebrate. but for him, soccer is about more than just scoring goals. paul, ask them a youngel is a refugee from cameroon. fighting for his future on the greek island of less, both he dreams of a career as a professional soccer player in europe. and sports has helped him to connect with others and to cope with the trauma of fleeing his home. his harrowing experiences include being stuck in the former moria refugee camp, despised by refugees and locals alike. these are the remains of the moria refugee camp, unless both at times more than

they venture the treasure map for modern globe trotters, discover some of us a record breaking site on google maps and know also in book form me the good conclusion. did any danger or idea is that the church comfortable room where you feel at home and what feels more at home than account? how is nick coach? don't be me. and it's just as i imagined, notion best and follow best case scenario is that in a few years time it won't just be us to time. here. might be everyone on sofas, beanbags and dec. janice, do you drink on some drink by the smell that black batman james bond address? the catholic we leave that out. that creates distance. it makes you into this big black wall. we where our normal clothes and i where capital jeans, trash and shoes. ah, the news the evangelical parish green who embraced half in northern germany, much bolder and christian to our friends and co passed as here. this is their 1st posting candle, vivian. gladder has been a parishioner for many years, man, cap, guns, nerve, and was exterior fester on the perfume. people get stuck in one style of music, especially counter

know, being able to determine -- and i think this is what google suffered from is a little bit of pie in the sky spending, especially on the venture side microsoft has been very disciplined about the businesses they put money into. and the return that they expect to have from new business lines. and i think that that, you know from a capital allocation standpoint makes it a great stock to own the next several years because there is no way to kourtney's point that they don't benefit from the accelerating economy and the growth that we're seeing but they are also well positioned to be able to have that return to shareholders over the next several years >> long way from the zune music player satya nadella named chairman and as big as though names are they're big. there is no stock more of the market than apple. it's not heaviest wait in the dollar weighted down apple is the most hi widely owned in the world retail investors mutual funds and hedge funds and a disappointment to all three the last six months. apple quietly having the worse first half to a year in five years. but that may be about to change. apple is actually the best pe

google closed at a new record high >> both alphabet and facebook are victims of gap accounting made for a tangible asset world. both invest heavily and if you make adjustments for their money losing assets, the venturefacebook site and with alphabet you have a weird anomaly going on right now because of their share repurchase only happening in the nonvoting shares you can save $70 a share buying alphabet you're getting paid $70 a share to accept the ability to vote. we think that makes it a value squared, a cheap stock to begin with and you're getting it extra cheap. >> my notes say you like three-quarters of the faang stocks which is the one you don't like? >> we also own netflix we think they're investing through lower prices and netflix delivers video to consumers at about half the price per hour as cable tv does. we used to own amazon but when the market got so excited about amazon web services we had trouble anticipating what a valuable business that would be seven years out. we sold our amazon it was selling at a lower price to sales than bricks and mortar retail and we thought it was a tremendous value even though it didn't look like it on a p/e basis. >> you mentioned the tech play and the b

google is favoring its own services . most of the companies revenue, of course, comes from advertising. let's bring in sarah f. a. she's managing director of glass wing ventures, a company that invest in a i, tech, and cybersecurity starts up start ups. she joins his life from boston, sir, it welcomes the news out. key question. is it fair? sorry. is it fair? no, it's not fair. if google keeps all of the data to themselves for the use of providing to their own advertisers and doesn't provide it with the rest of the industries, a lot of people are seeing on that as unfair. and they're up against anti trust regulatory groups. just as they're up against i m m, the regulatory privacy groups. so google is disliked by a lot of people right now and they can't seem to make a right move there. they are modifying the way that they collect data and share it with companies that want to use it for advertising by developing what is called flocks. that is federated learning of cohort. so you track groups of people versus individual users. but within the walls of google, google, a world garden, they still have access to all of the data. they collect through search engine mar

google photos. it's great don't lose my photo. well, larry. >> android life. it's pretty easy sometimes this morning. pretty easy to be getting out there. nothing too difficult weather wise as you're venturing back out to work, possibly after the extended weekend. you're nor the weather center forecast is showing this morning that we do have a little bit of low cloud cover sitting across the bay area. but it's not interrupting your travel there. your commute into work too terribly much a couple of wet spots possible on sidewalks and roadways as we do have drizzly to misty conditions, but overall even areas right along the coast like half moon bay actually faring pretty well this morning radar shows you that we certainly don't have any rainfall. so any sort of wetness that you see out there is a product of that cool marine layer. that is actually going to be having its most sweeping and cooling effect today. this is before high pressure strengthens across the region come the rest of the week. and that's actually going to cut off that cool marine layer from intruding too far. inland. this is going to result in cool conditions. staying along the coastline. but elsewhere in the bay area. daytim

google and facebook. we saw a big uptick, things come there. another thing to look at in the first half of this year, it was invested in venture capital deals. out where the money is going to these startups. they are engaging companies like amazon for storage, facebook ads, google ads. they will make their way back into big tech. stuart: looking at that, does it go to $300 a share in relatively short order? at 289? >> i don't know microsoft, circular trends, the labor shortage, tech spending increases. we will start to witness a decline in the growth rate of the population age 16 to 64 and we will see that turn negative by 2060, with labor shortages in here come the millennials, the first all digital generation. this will propel tech spend, developing new products and services we want. stuart: later in the week $37 a share, lots of people tell me it will go to $4,000 a share. when will it get there? >> i of those people. on august 3rd i gave you a price target of 4000 on amazon. i continue to be bullish, last summer i shared it with you, just walk around the streets of any city and you see the tidal wave of packages. i might change on top of

of money going into fintech, not just venture capital but biggest banks, jpmorgan and visa doing billion-dollar deals i think of the magnifier subsidiary as a googlesion is >> thank you, sara, for having me here. cathie thanks for joining as well you're right fintech investment has gone from 4 billion in 2016 to 8 in 2018 to 35 billion last quarter in fintech. the activity is focused on payments, lending, neo banking and what's happening in the space of wealth and investments is still new tifin is part of the solution. we build fintech products for the world of investment and wealth management and what we are doing magnified one of the subsidiaries when we presented it here a few hundred thousand users the number of searches on our platform exceeded 10 million last year telling us that the marketplace needs a simpler easier more natural way to discover, compare investments and the next natural step for us was to enable action how can you discover compare and then maybe invest, which is what we're doing now our announcement of brokerage capabilities. >> so how do you make a profit in that sense, vinay you used to push people after they searched stu