kate rogers reports from an entrepreneurial nation's capital called iconic, a partnership between cnbc and inc. magazine. tonight she profiles three finding success and challenging conventional t >> washington, d.c. isn't just for regulation and policy, but it's a hot bed for start-ups. from defense to health care and food delivery, entrepreneurs are finding success and inspiration in the nation's capital. start-up droneshield is helping clients track nearby drones just by listening to them. their products start at $2,000 and the company has raised just over $1 million to date. >> we have developed technology to detect consumer quadcopters and it's a microphone that's recording ambient noise and what we do is we take that sound t, to compare at to known drone signatures. >> the clients are corporations, governments, even citizens concerned about drones inv for expectant moms to be, there's baby scripps. they're using technology to improve care for moms during their pregnancies. >> we do it through a mobile app and the other called the mommy kit in which we have blood pressure cuff and

and as kate rogers tells us, those big names are helping to attract talent and make seattle's startupne of the best around. >> reporter: microsoft hasn't been a startup in decades since bill gates and paul allen launched out of a garage in 1975. but the tech giant, which is based in redmond, washington is getting back to its roots in nearby seattle, gearing up for its latest cohort of microsoft ventures. this is microsoft's global accelerator program with 410 graduates that have raised $1.2 billion collectively in funding. this latest round of start-ups in seattle will focus on machine learning. >> you have great enterprise companies in this area. so it's a great place for us to do both work with start-ups on clouds, work with start-ups on enterprise software, and you know, we're very interested in this class with data scientists and the whole machine learning space. >> reporter: from anchor tenants like microsoft and amazon to a network of incubeators and accelerators for new companies, seattle's startup scene is thriving. it ranked number 8 on compus's global startup ecosystem for 2

kate rogers has more. >> reporter: fed officials are now starting to look at life beyond lift-off.hile fed chair janet yellen today did not make mention of u.s. economic conditions or the fed's rate hike timing, plenty of others are chiming in. new york fed president bill dudley pulled a crowd at the economic club of new york that tightening should be done slowly, adding that the fed will maintain accommodative policies even after rates are raised. >> i think it's quite possible that the conditions that the committee has established to begin to normalize monetary policy could soon be satisfied. in particular i'll be evaluating the incoming information to see if it confirms my expectation that growth will be sufficient to further tighten the u.s. labor market. after lift-off commences i expect the pace of tightening will be quite gradual. >> chicago fed president charles evans agrees with the notion, repeating comments he made on friday to cnbc's steve liesman. >> we need to think about the entire path because that's what's going to dictate how accommodative or restrictive our polic

for "nightly business report" in new york city i'm kate rogers. >>> and finally tonight, billionairesy age. wealthex has compiled a list of the richest people by decade from their 20s to the 90s. in the 20s category, snapchat ceo evan spiegel. 30s is mark zuckerberg. 40s is google's larry page. in the 50s category, amazon's jeff bezos. 60s, bill gates. 70s, armancio ortega, the ceo of the fashion group indiktex. and buffett is the richest in the 80s category. and in the 90s lillian betancourt, heiress to the l'oreal cosmetics fortune. we didn't make the list again. >> and last year i didn't make the sexiest man alive for the 36th consecutive year. >> you are to us, ty. that's it for "nightly business report" for tonight. i'm sue herera. >> and i'm tyler mathisen. have a great evening, everybody. we'll see you tomorrow. ♪ announcer: "imagemakers" is made possible by the members of kqed. [ birds chirping ] [ walker wheels squeaking ] [ piano playing ] [ telephone dialing ]

kate rogers is back tonight at the iconic entrepreneurial conference in our nation's capital with some of the challenges facing business owners, big and small. >> reporter:o matter how successful they are, entrepreneurs still struggle with their own day-to-day challenges. at the cnbc and inc. magazine iconic tour in washington, d.c., kenneth cole told the crowd he's still proving himself to customers three decades into the game with his namesake brand. >> every day you've got to look around and figure out, am i still relevant? and if not, why, and what do i need. and the universe today is so -- everybody who exists everywhere is an alternative. and i've been doing this for 30 years. so, i believe after 30 years, i've earned the right to be considered, but every day i have to earn the right to be chosen. >> reporter: and burt jacobs admits retail is still a challenge. despite growing his t-shirt business into a $100 million brand. >> it's a tough market, and i think that too many retailers are talking about how to engage and create community but are still just hanging things in the wind

kate rogers is here with that story. >> reporter: that's right, sharon. in 2014, more than 13 million vinyl lps were sold according to the recording association of america. the last time that happened, 1989. it's safe to say that vinyl i` a.j. back. take a look, and a listen. that's the sound of demand for vinyl records, of all things. in a world where digital music reigns supreme. in fact, independent record pressing in bordontown, new jersey, is aiming to manufacture 1 million records this year. >> that's going to be capacity. demand far exceeds that. we would be able to run these presses 24 hours a day, seven able to meet demand. capacity really, the choke point in the vinyl industry right now andhy you are hearing about a resurge sense there is such a demand compared to what the capacity is. >> reporter: in a strange turn of events, he thinks it may have been been digital music that created the resurgence in vinyl's popularity.. kporg to a research group vinyl watch half of record buyers are younger than 25. >> i believe that bijtal has helped the com

kate rogers has more. >> that's right, independent businesses have gotten a nice boost in sales the past few years thanks to small business saturday. exception. it's not black friday or cyber monday that this new jersey based retailer was gearing up for this week, it's small business saturday sandwiched right in between. this shop owner is hoping for big results for her small business. >> it's just a reminder for everything else that they can shop us. it's helpful to keep in mind that the businesses that have here. >> reporter: this store does about 25% of its annual sales during the holiday season pd a also enlists local vendor ares to make their wares. >> i have 90-year-old women knitting sweaters for us, women in their 80s campaigning for us. we try to keep that local feel and that one of a kind uniqueness there for people. we try to set ourselves apart and shopping local is where you find that. >> reporter: now in its sixth year, small business saturday is designed to encourage shoppers to buy from local retailers. this year three in four consumers helped sponsor american stress they

kate rogers joins us now with more. hi, kate. >> hi, becky, that's right. independent businesses have gotten a boost in sales the past few years thanks to small business saturday, and retailers hope this year is no exception. >> reporter: it's not black friday or cyber monday that new jersey-based retailer kidegories was gearing up for this week. it's small business saturday, sandwiched in between the two major shopping days. shopowner eileen is hoping for big results for her small business. >> sits juit's just a reminder people now with the internet and everything else that they can shop at. it's helpful to keep in mind that the businesses that have been here for so long are still here. >> reporter: the store does about 25% of its annual sales during the holiday season and also enlists local vendors to make their wares. >> i've got 90-year-old knitting sweaters for us. i've got women who are in their 80s handpainting for us. we try to keep that local feel and that one-of-a-kind uniqueness and shopping local is where you find that. >> reporter: now in its s

for nightly business report, i'm kate rogers. >> on now to another unexpected pairing on our holidayu. air bnb and cuba. as michelle cabrera reports, no company has been more aggressive than the online room rental site. >> these in our women are visiting cuba. when they tried to book a hotel. they found there was a problem. >> you can't use your credit cards to book online at hotels. that was the major challenge. >> u.s. credit cards still don't work in cuba. then comes air bnb. this home sleeps four, and costs $100 a night. they paid in advance with their credit card with air bnb. they had more than 1,000 homes listed in two months. including apartments like this one. cubans like marta have been renting rooms in their homes for decades. when fidel castro seized power in a coupe he quickly took over every business. there was plenty of supply for people who wanted to make extra money legally. marta gets paid no matter what, even if the client doesn't show up. which used to happen a lot in the past. >> the air bnb executive in charge of cuba. >> it's based on the internet, this is a co

kate rogers joins us now with more. hi, kate. >> hi, becky. independent businesses have gotten a nice boost in sales the past few years thanks to small business saturday and retailers hope this year is no exception. it's not plaque friday or cybermonday that truesberry, new jersey-based retailers kitgories was gearing up for, it was small business saturday. >> it's a reminder for people now with the internet and everything else that they have, that they can shop at, it's helpful to keep in mind that the businesses that have been here for so long are still here. >> the store does about 25% of its annual sales during the holiday season and also enlists local vendors to make their wares. >> i've got 90-year-old women knitting sweaters for us. i've got women who are in their 80s hand-painting for us. we try to keep that local feel and that one of a kind uniqueness there for people. we try to set ourselves apart and shopping local is where you find that. >> now in its sixth year, small business saturday is designed to encourage shoppers to buy from

kate rogers is it here with that story. >> in 2014, more than 13 million vim lps were sold. the last time that p had, 1989. it's safe to say vinyl is back. take a look and a listen. that's the sound of demand for vinyl records of all things. in a world where digital music reigns supreme. in fact independent record pressing in new jersey is aiming to manufacture 1 million records this year. >> that will be capacity. demand far exceeds that. we'd be able to run these presses 24 hours a day 7 days a week and still not be able to meet demand. capacity really the choke point in the vinyl industry right now and while you're hearing about the resurgence, there is such a demand compared to what the capacity is. >> reporter: and in a strange turn of events, he thinks it may have been digital music that has created a resurgence in vinyl's popularity. according to consumer research group music watch, half of vinyl record buyers are younger than 25. >> i really believe that digital hasback of vinyl because digital strips out the tangib tangiblity. and vinyl is such a great tangible piec

kate rogers is live at a children's bookstore in manhattan. hi, kate. >> reporter: hi, mandy.right. it might be among one of the biggest sales days of the year for peter glassman who owns new york city based books of wonder. glassman has been in business for a whopping 35 years and he really encourages consumers to spend money in the neighborhoods where they live. >> the most important reason is because it supports your communities. 80% of every dollar you spend in a locally owned business stays in the community. whereas 70% of what you spend in a nonlocally owned business leaves the community. by spending money with locally owned businesses, you keep the money in your town, your city, your neighborhood. >> and that message definitely resonates with consumers according to american express. shoppers spent a major, major $14.3 billion last year on small business saturday and what's more, this year 80% say they're willing to spend a little bit more money on a higher priced item, high eer ticket eye eitem comes from a locally owned store. swerve fitness is also taking place in thi

the day has helped independent businesses in the past and as kate rogers reports, they are hoping the trend continues. >> reporter: it's not black friday or cyber monday that kid agories was gearing up for, it's small business saturday, sandwiched between the two major shopping day. the shop owner is hoping for big results for her small business. >> it's a reminder for people now with the internet and everything else that they have -- that they can shop at, it's helpful to remind them that the businesses that have been here for so long are still here. >> reporter: the store does about 25% of its annual sales during the holiday season and also enlists local vendors to make their wares. >> i have 90-year-old women knitting sweaters for us, i have women who are in their 80s hand painting for us. we try to keep that local feel and that one of a kind uniqueness there for people. you try to set ourselves apart and shopping local is where you find that. >> reporter: now in it's sixth year small business saturday is designed to encourage shoppers to buy from local retailers. this three three

kate rogers is live in seattle with the full story. hi there, kate. >> hi, mandy. that's right. well, microsoft, of course, haernt be hasn't been a startup in decades when they famously launched out of a garage in 1975, but the tech giant located in nearby redmond, washington, is getting back to its entrepreneur roots in seattle. they're gearing up for their latest cohort of microsoft ventures which is their global accelerator program. they will be focusing on machine learning. we caught up with microsoft ventures general manager zach weiselt who said city innovators great and small make for a great entrepreneurial foundation. >> you have great enterprise companies in this area so it's a great place for us to do both -- work with startups on cloud, work with startups on enterprise software and we're very interested in this class with data scientists and the whole machine learning space. >> they're currently taking applications for this class which kicks off in february. collectively microsoft ventures has graduated 410 companies around the globe. they have raised a total of $1.2

kate rogers has that story from the iconic conference down in washington. hi, kate. >> hey, kelly.any of us working such long hours who actually wants to or has the time to cook. check out what galley is serving up. forget greasy piz za or ty food. start up galley is out to prove takeout doesn't have to be unhealthy. former living social employees wanted dinner to be fast, cheap and good for you. >> we have a team of chefs like you can see around me today. they are making options from scratch, you can go on our mobile app, the website, choose what you like and in a 30-minute window or on demand we will deliver it out to you ready for you to do one quick finishing set in the microwave or oechb and pouring a sauce over it and has the consistency of the home cooked meal without doing the chopping or cutting, et cetera. >> they launched in 2015 and are leaving d.c. as well as baltimore and bethesda, maryland. >> in less than a year galley has gone from the two co-founders cooking and delivers every meal to a staff of mower than 70. >> and the appeal for investors, no overhead. >> when

kate rogers is tracking the action at the nasdaq today. kate? >> that's right.e're seeing nice gains here. we're up by over 1% on the composite. helped by apple up 1% and the nasdaq biotech etf. the ibb also up by around 2%. in terms of individual movers here, we have alphabet. you can see that's up by nearly 1%. that's higher on news that google expects to begin delivering packages to customers by drones in 2017. according to the lead on project wing who told an audience in washington, d.c., that news today. also tesla up by more than 3.5% ahead of earnings. to the downside, biomarin pharmaceutical. and nxp down around 1.5%. that also after a disappointing earnings last week. back over to you guys. >> it is a big week. thank you, kate. for economic data and earnings. can good numbers drive stocks higher from these levels? with me here is anastasia, chief global market strategist at jpmorgan funds. also berns mckinney to talk about it, portfolio manager at nfj investment group. i'll start with you, anastasia. earnings have been better on the bottom line but reve

kate rogers is monitoring it all. >> we are hearing from half a dozen fed officials today, includinget yellen giving opening remarks at a post crisis monetary policy conference hosted by the board of governors of the federal reserve. while yellen did not milwaukee mention of u.s. economic conditions or rate hike timing, many are chiming in. chicago fed president charles evans reiterated the points he made to our own steve liesman last friday that it could be well into next year before we begin to see sustained upward movement in core inglags. he says it would be appropriate to lift the target interest rate very gradually which would give time to assess how the economy is adjusting. st. louis fed presidency james bullard said the unemployment and inflation goals have been met. he said there's no reason to continue to experiment with extreme policy settings and added that zero interest rate policy has put the u.s. economy at a considerable risk of future inflation. and richmond fed president je jeffrey lacker reiterated the statement that monetary policy has the ability to determine in

kate rogers is on the ground there profiling start-up successes in washington, d.c. >> we caught up with one start-up that is helping to keep moms healthy during pregnancy. take a look. >> we're in the age of apps and modern moms want to be connected to more than just facebook. they're able to monitor pregnancies via a smart phone app to make sure they're healthy and on track. >> we do that in two parts. one is a mobile app and another is a kit called the mommy kit. we have blood pressure cuff and a scale and we remotely monitor elements of preying noncy. >> the kits collect dat yoont health and send it to the doctor. if something is wrong, the app alerts the physician. this lets doctors monitor their patients even when they're not in the office. babyscripts does not charge moms to use the products. they sell them directly to doctors starting at $300 a patient and the early results are promising. the president and co-founder says that while about 50% of women gain too much weight during their pregnancy, moms using his product are healthier. >> babyscripts patients gain 20% excessive weig

kate rogers has the details now. >> that is right. $14.3 billion, that is the amount of money that consumers last small business saturday, according to american express. and small retailers like ilene of kidder gories are hoping for big result this is year. the new jersey based retailer sells kids clothes, gifts, furniture and more. but she also pays it forward in having other local venders make and sell things in her store. >> i have 90-year-old woman nitting sweaters for us. i have women who are in their 80s hand-painting for us. we try to keep the local feel and that one-of-a-kind uniqueness there for people. just so that we don't look like every other box store, every other internet site. >> and consumers are eating that up. am ex said 80% are willing to spend more money this year to buy something if it is from a local retailer or vendor versus a big box store. but for the businesses, it is not just about selling but about bringing the community together. we're at books of wonder in new york city open for 35 years and the owner peter glassman is bringing in children's authors this saturd

and right now the nasdaq is up more than half a percent on the day and let's go to kate rogers for aat the action there. >> tyler, that's right. the nasdaq is up right now by 0.7 and on track for the best week in months. part of the greater retail rally, ross stores up 8.5% due to that earnings beat on the top and bottom lines although they're giving current quarter profit guidance a little below guidance. also google alphabet classa and c shares higher. among the biggest gainers, due to the company hiring di van green. tesla taking a hit down by 1% due to that recall, about 90,000 of its model s sedans for seat belt issues and akamai technologies down about 5% after a downgrade from goldman sachs. >> thank you very much. >>> let's take a look at how gold prices are faring in light of the strength of the dollar that rick just showed us a moment ago. gold is currently down by $1.70 at $1,076. let's look at some of the other metals, precious and otherwise. copper is currently down along with silver and platinum. palladium however getting a nice kick to the upsooiide by 2.5%. the paris

and now here's kate rogers with the cnbc market wrap. >> stocks closing higher, dow jumping 165 pointsmposite up 73. change. we wanted to restore our lighting system in the city. you can have the greatest dreams in the world, but unless you can finance those dreams, it doesn't happen. at the time that the bankruptcy filing was done, the public lighting authority had a hard time of finding a bank. citi did not run away from the table like some other bankers did. citi had the strength to help us go to the credit markets and raise the money. it's a brighter day in detroit. people can see better when they're out doing their tasks, young people are moving back in town, the kids are feeling safer while they walk to school. and folks are making investments and the community is moving forward. 40% of the lights were out, but they're not out for long.they're coming back. well, right now you can get 15 gigs for the price of 10. that's 5 extra gigs for the same price. so five more gigs for the same price? yea, allow me to demonstrate. you like that pretzel? yea. 50% more data for the same price.

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kate rogers, a lot of short of shop small over the weekend. >> absolutely. the holiday season has long been dominated by the big box retailers, smaller businesses found themselves in high demand on this past small business saturday. now, shoppers spent $16.2 billion this year, up 14% from 2014's $14.3 billion. and the number of consumers shopping small also grew 8% to 95 million from 88 million last year according to sponsor american express and the national federation of independent business. this is the sixth year small business saturday was held and every year it's been tracked sales have increased. more retailers increased with 4100 neighborhood champions, local businesses, chambers of commerce and more signing up to hold events within their own communities. sonia lapinski said it's aligned with the changing consumer. as mall traffic has decreased, when shoppers go out they want to connect more with the retailer they're patronizing and they want experiential engagements as well as connections via social media. small business saturday is the perfect vehic

kate rogers joins us now for more on small businesses and how they're gearing up for small business saturday. >> retailers like kid, does 25% sales during the holiday rush. >> it's helpful to keep reminding the businesses that have been here for so long are still here. and weigh love to see them. lets them know to keep patronizing us, to see what's new locally as well as the internet. they are the heart of america, so to speak. >> and small businesses did see a lot of green last year raking in $14.3 billion in sales on that day according to american express. kidegories enlists other vendors to make some of their wares. >> i have 90-year-old women knitting sweaters for us. i have women campaigning for us. we try to keep the local feel and the one of a kind uniqueness. >> what's interesting is we are responding. they will spend more. >> the ceo of the mall company here who said the stores that have less than $50 million in annual revenue are the ones doing best right now. >> i think people want something special for the holiday season and that's why they succeed this time of year. >> thank you

kate rogers is joining us now with more. it's coming back. >> that's right, steve.orld reigns supreme, but vinyl is back in demand. independent pressing is aiming to manufacture 1 million records this year. >> that's going to be capacity. demand far exceeds that. if we -- we can run these -- we'd be able to run the presses 24 hours 7 days a week and still not meet demand. capacity, really the choke point in the vinyl industry right now, and while you hear about the resurgence is there's such a demand compared to what the capacity is. >> now the price point is higher, ranging from the high teens up to $40 depending on the artist, for example, the new adele album is $23 in target. and he thinks it may be even digital music creating the resurgence in vinyl's p popularity. half the buyers are younger than 25. >> i really believe digital has helped the comeback of vinyl because digital strips out the tang ability of music. it's just a file. i think the great thing about vinyl is it's such a great tangible piece. >> in 2014, more than 13 million vinyl lps were sold accord

kate staying far away from land. all that weather brought to you by the >> ♪ >> good morning, i'm tamala edwards. it's 7:56 on this wednesday november 11. let's go to karen rogerse scene tam. chopper six was overhead in worcester township. this accident involving two tractor-trailers and this other vehicle shredded. continuing to shut down valley forge road because of this accident. valley forge road is shut down and that's between township line road and skippack pike. stick to whitehall road or north wales as your alternate for that one. as we look at the maps we have other accidents in the area. we have one on winslow drive at reliance much watch for this accident. we have police and emergency workers on the scene with this one and we're having a jam right here on i-95. you can see this live in delaware county. 95 at 322. as you head towards the blue route here jammed from past the delaware state line to the blue route but in a lot of other areas tam we're looking at lighter volume but because of the damp roads lots of accidents. >> okay, thank you karen. >>> let's go to skies 6hd and take a live look here at the view from temple university out over center ci