kate rogers reports from long. los angeles. >> reporter: look no further than mark zuckerberg for proof that great ideas can advance well beyond the four walls of a college dorm. college startups are hoping to duplicate that success at the recess pitch finals in los angeles. a march madness-style competition for coeds who want to become the next big thing. they're up for a full scholarship to venture capitalist tim draper's draper university in silicon valley and a shot at $250,000. the festival has been to 18 campuses and six regions to narrow down the 10 finalists. >> we're excited to be in los angeles to show off our company and what we've done so far. >> get practice pitching and the money and yeah, seems like a cool experience. >> reporter: recess has come full circle, hatched by indiana university seniors in 2010 as a music festival. by 2013, it expanded into a pitch competition and monitorship event. followed by a concert. it's in the vein of south by southwest at college campuses to help students gain acces

thank you, kate rogers at iconic.ver to the cme group with rick santelli, and get the santelli exchange. >> well, hello, carl. today is the first day of the t two-day fed meeting and when the previous meetings came out in mid-may, everything thought it was hot, hot, hot, and most now think not, not, not, and there are a variety of reason, and there always are. and take a step back. we see the historic moves europe, asia, and the negative rates, and concentrate more on europe, and mario draghi, and it is no secret what the bund yield s have done, but it is no secret that european banks don't seem to be improving. as mario draghi is going to be hitting the accelerator of the stimulus of the so-called n negative rates, and how stimulative is it anyway? you can come up with the scenarios that might b and it is how below interest rates procure the capital, and what the capital is deployed in, and we could take an example from the u.s., and look at microsoft and the 26 billion and change for linkedin. they have a boatload o

and as kate rogers reports, businesses large and small are helping to reinvent the rust belt. >> i'm charging with every step that i take right now. >> reporter: while devices from tablets to cell phones improve constantly, the thing can't be for their battery life, something 25-year-old anna alexander and soul power are looking to change. >> charging cell phones, radios, gps while you walk. >> reporter: soul power has raised half a million and is being tested by the u.s. army. alexander isn't alone in her desire for change. other startups designed to solve some of the world's big problems are doing so not from silicon valley or alley but pittsburgh. the city, once a booming steel town, turned around post-industrial collapse but never lost its spirit of innovation. pittsburgh is already home to offices for google, apple, and most recently uber. but in the past decade its startup scene bolstered by tech company has taken hold. the iron city is one of the most affordable places to live and work in america. that's part of the reason why it's ranked a top ten metro for established mainst

kate rogers is live in pittsburgh with the look at how exactly they are doing that. y, kayla, that is right. there are a ton of resources for the start-ups including innovation works, and they are a nonprofit that has expanded into 300 local tech companies that have gone on to raise $1.7 billion in follow-up fund iing. one of them is the robotic company that makes robotic arms used for bomb disposal, and they have shipped over 400 arms. >> the arms are put on the robots the go to do the dull, the dir tir and the dangerous, whether it is defusing a bomb or work on a power line or whatever it is, and that is the key to project a human remotely. >> and he says that the city's roots in the steel industry have paved the way for the current reinvention. >> that steel industry created amazing talent both in terms of the work ethic behind it, as well as the manufacturing kn know-how, and now, what pittsburgh is doing is to take that remnants of the steel industry, and leveraging it, and building it into this high-tech powerhouse. >> and while jetting off to silicon valley or

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thanks very much, kate rogers. >> thank you. a news alert in the upcoming uk vote on whether to leave the european union. seema mody has the latest. >> bill, britain's "times" newspaper in the saturday edition, front page, has come out in favor of staying in the europe union, endorsing the camp until the referendum vote. citing the negative economic consequences of a brexit. specifically when it comes to trade. this, of course, comes after the sun, the biggest selling newspaper earlier this week showing their support for the leave campaign. keep in mind, "london times" is another paper owned by rupert murdock. with less than a week to go, papers voicing their support for the remain and leave camp, with the vote up on thursday. >> seema, thank you. mike? >> well, first of all, the "times," that's not a big surprise. playing to its particular audience. but it tells you that you do have these loudest established voices on both sides of it. it's not really helping you get the idea that the scales have been tipped one way or the othe

. >>> here's kate rogers with the market wrap. >> good afternoon, chris.ts closing positive for the day. the dow higher by nearly 49 points. the s&p up by nearly six points. the nasdaq rising 19. that's it from cnbc first in business worldwide. >>> it's time for the your business entrepreneur of the beak. with orders around the globe, ray had to learn to export. the owner of gur kis was nervous at first but practice made perfect. he's shipping his company's hand made rope sandals to about two dozen countries around the world. watch your business at 7:30 on msnbc. >> visit open forum.com for ideas to grow your business. our new cocktail bitters were doing well, but after one tradeshow, we took off. all i could think about was our deadlines racing towards us. a loan would take too long. we needed money, now. my amex card helped me buy the ingredients to fill the orders. opportunities don't wait around, so you have to be ready for them. find out how american express cards and services can help prepare you for growth at open.com. so guys with ed can... find ou

. >> thank you director rahaim emery rogers planning department staff i'll go over the bill and kate connor will talk about the specific project so let me start off that is a fundamental shift in how housing is reviewed by the city and i know there is not a day that didn't go by we don't think about the housing crisis it was this credible need for housing that drove the governor for to bill today is presentation is an informational item of that bill i know that you and the public are getting the memo i'll keep my presentation and follow the all the memo as john said we are very cautious how we describe this is specifically the bill as vague language that was introduced in may and rapidly changing the third version came out and likely to change again what we say today can evolve the housing project has 2 units or more and consistent with obviously standards in the general plan and the planning code and the zoning map it is consistent with those and if this project is in certain areas that shall be approved provided it provides certain levels of affordability to let's look at the locat

roger from the economic perspective. we'll bring you the results as soon as they are released. kate kelly is standing by with all of that. >> how about twilio soaring on its debut. it's just under $28. granted that's not saying much. but a hello they debut here for twill owe. we'll discuss whether it could spark a new rush. >> wow, did they leave money on the table. >> i don't know. in this climate? priced above the range. it's the indication. it's a business people can understand and they'll like. >> we will see. let's start with our full team coverage of the historic brexit vote. everybody's in london this week. wilfred frost has the latest numbers for us. kayla tausche also and sara ice never. >> the betting has moved. we were as long as 7/1 for an exit. it's now 5/1, implied probability expecting to remain, 83%. but a slight improvement. they haven't had any polls for quite some time. now it's 48-46, leave. what does the next few hours hold for us? as you said, polls close 5:00 p.m. eastern time. we do not get official polls. that's when we ask people when they come out of the p