working on developing a thomas air transport others include and a start up backed by glue founder larry page. that's a show thanks for watching of excess full day. grease is the first. response to you is promoting intelligent technology to make fit for the future. the government keeps throwing off details in its way. but he's convinced that solutions the only way out of the financial crisis. enjoy the conflict zone confronting the powerful. back six to each passing day it's come to mean a more united kingdom on the moon damaged week a government i guess this week here in london is changing. meeting brant said campaigning on a conservative and how did britain get into this crisis and how's it going to get out of this conflict. in sixty minutes. long. serial killers. some. violent robber gangs. and ugly and a prison feature of life in one nine hundred twenty s. berlin. but the criminals don't reckon with the detective superintendent just came out. revolutionizes from windsor procedures a study shows that extensive record system the foundation's. metropolis of crime. starts january twenty ninth

a shareholder lawsuit filed thursday claims that alphabet‘s board of directors, including larry page, sexual harassment by numerous google executives. from business insider — ford's shuttle—van company chariot is shutting down this march. the car giant paid $65 million for the startup in 2014 — which allows you to book seats on a shuttle bus via an app. it launched in 9 us cities and london but didn't take off from cnbc — goldman raises gold forecast for 2019 on recession fears, sees 10% gain. and don't forget — let is know what you are spotting online — use the hashtag #bbcthebriefing. that's it for the business briefing this hour but before we go, here are the markets. asian stocks creeping up to 5—week highs the government has performed a second u—turn on its flagship benefits reform, universal credit. the work and pensions secretary, amber rudd, has scrapped plans to extend a limit on benefits for families with more than two children. she's also confirmed that a vote by mps, on moving three million existing benefit claimants onto universal credit, will be delayed. 0ur political co

i mean, larry page had good intentions. i think they mean well. think this deal they made with advertising has come back to bite them. and has damaged their product. so that it's actually a worse product than it was five years ago. >> you say that corporate leaders should have that higher yeah. . >> but that's exactly what google had. when they did their original public offering. >> yes. >> they said we are not going to be totally driven by quarterly shareholder returns. >> yes. >> and then they put in it, don't be evil. >> right. >> what happened? >> you know, i went back and read that recently. they've made a mockery of it. i think they didn't realize they were dealing with something much more powerful than themselves. they thought, like many people do, you know, am a good guy. i'm not going to get warped or obsessed with the quest for power or money. i'm different. and i think that is sort of the original sin of silicon valley. so they went for these standard corporate models. it made a little bit of difference, but cosmetic. they had to do som

franci >> reporter: california's wealthiest residents, which include mark zuckerberg, lar ellison, larry page and sergei bryn pay the most in personal taxes. that's because of the state'sog ssive tax system in which the top 1% of taxpayers generate ly half of california's personal income tax revenue. at also means big drops in the stock market can create volatility in the state's revenues, especially since california's wealthiest eysidents make a big chunk of ns ir mon from capital g and tech company stock options. >> today our economy is larger than allatut fourns in the world. we created -- we've created nearly 3 million jobs and put awayol billions ofrs for a rainy day. >> reporter: it's a chaenge govern gavin newsom who took office today will inherit. while the sta currently has a budget surplus, experts say a turn in the markets could result ein swings in state's budget. former governor jerry brown spoke about thatduolatility ng a budget address last year. >> the difficulty comes when you have property tax that's very stable, the property tax has only gone down once since the great reces

the first legal action against the board directly, targeting top executives, including cofounder larry page sergey brin. google did not respond to bloomberg's request for commen. so you obtained the board minutes, which were in the complaint filed, but we got. wha-- redacted. what can you tell us about what is in them? >> unfortunately we cannot tell you wha the details in their we . we have five pages of allegations but because google has demanded they continue to remain sealed, they will be sealed until the judge rules on that, which can be in the next couple months. emily: you would not have filed the suit if the minutes did not back up your case. right? frankl: that's right. -- frank: that's right. yes, we would not have sued the board if after reviewing them we determined there was no liability on their part. emily: so all the nine directors you say in the complaint were informed that these allegations against andy rubin were credible. do the minutes show that anyone raised objections to the payout? i don't know if we can speak specifically to that. but our concerns are that the board

and elsewhere to make fantastic machines of the future a reality, including larry page, the google foundert japan over the last few started to take an earnest approach on a governmental level. they are calling an old-school moonshot, saying in a next 10 years we will get from a standing start to air taxis and trucks. japan in terms of a high tech universe and who is doing what, i love the story that says japan uses foot phones, and yahoo! is the most popular internet service. they have kind of fallen behind when it comes to high-tech. yes, and particularly this kind of technology, japan is an unlikely source of this moonshot effort. say ups that writers front they are stuck in yesterday's vision of tomorrow, the 1980's idea of the future. carol: what is their plan? >> japan's ministry is one of the lead actors here, and in operation that was in the era of the post economic miracle for having come up with the radio, the walkman, but it has been quiet since. here is the government saying in the last year, we are going to make an effort to grease the skids and rolled together private startup

its highs, this may be ripe for a run, especially with an exciting, no matter how small, of ceo larry pagewho's become the modern day howard hughes. if you're ahead, give it a google listen, i'm sure that the last big shakeout, the one that brought amazon down below $1,300 and made investors feel that betting on faang was a total mug's game it's entirely possible that facebook could be, like, to get some new revelations about management's cavalier approach to ethics but i think that story's run its course you may have a real rally in facebook here because those who were down, going to downgrade it will look at the action and say, i'm holding it in, it's too late to sell but the bigger question is, is it too late to buy? the bottom line is with the exception of netflix, i don't think so there's too much opportunity in faang even among the likes of facebook even if only for a trade hey, let's take some calls let's go to jim in connecticut jim. >> booya, jim, you're the last of the runonesque characters i wanted to tell you that i'm 75 and i will never clip a coupon here's why i'm calling i h

by google founder larry page. ship of designers will go into year at his latest show in paris old couture week is wrapping up there today in spectacular star. and melissa hold road to this is here to tell us more about it welcome melissa so if you're into fashion it's all happening in fact to strike next that's right all the big two houses have been doing the very very best to try and outdo each other the shows they don't only bring out the latest styles but they're also the calling cards of couture they represent a dream like a fantasy of how a world could be if people didn't have to walk. last night italian fashion label valentino put on a show that was a type of ode to spring the models even had flowers on their eyelashes he would see them wafting down the catwalk in vaporous stresses sometimes the ruffles collided. gosh we love the stuff the spring brings a feeling of hope in the midst of this winter but there were other uplifting pieces . christian dior had people entering a circus tent the circus theme is al

some of silicon valley's best and brightest were educated under his watch, including larry page and sergeyy on "bloomberg studio 1.0," google chairman, former stanford president, and director of the night hennessy scholars program, john hennessy. thank you for joining us. john: thank you. happy to be here. brad: i want to take you back to huntington, new york, where you grew up and ask you who was your first leadership mentor? john: an early mentor to me happened to be a high school math teacher, who happened to be ursuline nun,- who at a parent-teacher conference said, "john has a fine mind, but lazy mind." brad: wait a minute, why were you at the parent-teacher conference? john: they wanted to deliver that message in front of me. [laughter] it really sent a message that it wasn't good enough to be smart and have a good mind, but you had to work hard. brad: at a young age, you become professor at stanford university. and you write that was the realization of your dreams. gordon bell convinces you and your colleagues to commercialize some of your microprocessor designs. how did he convince

bankruptcy, how the fire started, call my tip line at 1-8840-i team or send me through our tip page. larry, ama? >> that's got to be a lot of nervous former homeowners who have to be wondering if they're stuck, hanging in the balance here. >> they had so many questions. you could tell a lot didn't want to talk. there are questions. at the very least, it's going to delay the process of this bankruptcy, delay how much longer it will take for them to get their money. >> and try to rebuild. >> exactly. >> thank you, dan. >> when pg&e first announced bankruptcy plans last week, we dug for answers about what it really means for customers. your power and gas will stay on because chapter 11 allows the company to keep operating while the courts figure out the finances. >> your bill may go up. it may go down there. are a lot of possible scenarios. pg&e workers will still get paid. they will still receive their benefits. however, pensions, they're at risk in the long run here. shareholders, they could be completely wiped out. pg&e's stock lost almost 60% of its value last week. if you have more quest

larry, thank you. >>> we have an entire page dedicated to the trump presidency on our website.bcbayarea.com. we are 24/7. >> putting the needs of the kids first by walking out of class, tens of thousands of teachers walked off the job in los angeles today.>>hat do we want? better contract. >> the second largest school district in the nation went on strike for the first time in 30 years. teachers wanted a number of things. they want a raise, smaller class sizes, more nurses, librarians, and counselors. district says it's trying to meet most of those demands, but says giving teachers everything they want is just impossible. >> we're in discussions with the governor, with the mayor, with the state superintendent of public education because it is our desire to have all of our educators well supported, back in schools, serving the needs of our students. >> schools are going to remain open throughout the strike. 400 substitute teachers and 2000 staffers are caring for more than a half million students in the meantime. >>> well, if you don't have any health insurance, you still have t

larry kudlow. then they brought out sarah sanders. she answered questions. is part of this turning the page on the shutdown situation and moving on to other business? what do you think? >> i think there is -- well, we can't really turn the page on the shutdown because, another one is looming in thee weeks, unless they can negotiate their way out of it, i think you raise a good point, melissa. they didn't do this sanctions against the venezuela oil company simply to change the subject. melissa: right. >> that is a very serious issue there, the world is coming together against the maduro government. i think that is a real event. nonetheless i think the white house has to be aware, at least over the experience of the last several weeks with the government shutdown that that issue was beginning to overwhelm everything else they are trying to do. i myself thought that by the end of it, when we saw the scenes at the airport because of tsa -- melissa: right. >> that even the president's argument about border security was beginning to get overwhelmed and subsumed by the government shutdown. melissa

companies like apple that could be hurt because of these larry kudlow came out and said there aren't that many companies. are you on different pagese? >> not at all. the fact is it could happen in an interview that there was sort of a second half of a sentence which i really should have added you have to remember to put it in context that the chinese share is only about 1.7% even if chinese profits went to 0 which no one expects they will do that, it would be possible next year we would be revising up earnings estimate >> broadly though, do you see trade tensions do you have an aggressive 3% gdp forecast for the u.s. this year which is high relative to the street do you see these trade tensions from growth this year? >> i think the strong growth we had this year basically happened while the trade tensions were rising the tariffs were being put in place and so on. i think looking ahead to this year what we expect is that we are going to as we have with the new nafta and korea, conversations with europe, with the chinese we'll move forward and reduce tensions throughout the year i think because the uncertainty about our trade proces