billionaire peter thiel is calling it quits in san francisco. cording to people familiar with the situation, thiel is relocating personal funds and their 50 member staff to los angeles. according to the wall street journal, the tech world's best-known conservative and trump supporter has discussed resigning from the facebook board. joining us now for more, ellen huet. of course peter thiel set off a firestorm when he supported president donald trump in the first place. there was a big question whether or not he should even remain on the facebook board and a zuckerberg defended him. we will talk about that, but first, what do we know about his move? >> it sounds like he's moving to l.a..ff some of his other funds are staying in san francisco. they are already kind of set appear. he bought a house here a few years ago and is said to be just calling it quits. emily: a lot of people in silicon valley were not happy about his support of president trump. is he leaving because he is not well-liked? why is he doing this? >> not according to what he's tol

billionaire peter thiel is calling it quits in san francisco. he is relocating his personal funds and their 50 member staff to los angeles. according to the wall street journal, the tech world's best-known conservative and trump supporter has discussed resigning from the facebook board. peter thiel set off a firestorm when he supported donald trump in the first place. talk about that, but first, what do we know about this? >> it sounds like he's moving his staff to l.a. and some are staying in san francisco. they are already kind of set appear. here a few house years ago and is said to be just calling it quits. just: is he leaving because he is not well, or why is he doing this? >> not according to what he's told some of the people we have talked to. he's been saying that silicon that there are, economic conditions here that make it very expensive and just not a good place to start a business anymore. , many haveentive is reported he is starting a conservative news network. l.a. is a pretty good place to start a media company. there are a lot of

in napa, kate larson, abc7 news. >> tonight pay pal co-founder peter thiel is not making any new friends in the east bay. >> and so it's amazing we have this incredible tech thing going on in silicon valley and if you go east, just to the east bay across the bay bridge or the dunbar ton bridge, you're in this basically failing, this failing state that, you know, in the next recession probably will go broke. >> those remarks were at stanford's hoover speaker institute last night. he criticized cylinder i convalley for being a, quote, one party state. the pay pal co-founder was the only major silicon valley figure to back the president. >>> tomorrow is the day that beer lovers wait for and then they get in line for. russian river brewing company is expected to release pliny the younger. this is the 14th year for the brewer's triple pale ale and it's expected to bring thousands of beer fans to downtown santa rosa to lineup for one of the world's highest rated beers. >> if you're missing a wedding band and have been to point ray's national sea shore, take a look at this. a gold ring was foun

in napa, kate larson, abc7 news. >> tonight pay pal co-founder peter thiel is not making any new friends in the east bay. >> and so it's amazing we have this incredible tech thing going on in silicon valley and if you go east, just to the east bay across the bay bridge or the dunbar ton bridge, you're in this basically failing, this failing state that, you know, in the next recession probably will go broke. >> those remarks were at stanford's hoover speaker institute last night. he criticized cylinder i convalley for being a, quote, one party state. the pay pal co-founder was the only major silicon valley figure to back the president. >>> tomorrow is the day that beer lovers wait for and then they get in line for. russian river brewing company is expected to release pliny the younger. this is the 14th year for the brewer's triple pale ale and it's expected to bring thousands of beer fans to downtown santa rosa to lineup for one of the world's highest rated beers. >> if you're missing a wedding band and have been to point ray's national sea shore, take a look at this. a gold ring was foun

peter thiel says he's leaving silicon valley. he says the tech culture in the silicon valley is increasingly intell aren't of conservative views. it was a big week for cisco. it announced a 14% dividend hike and a plan to repriate $16 billion from overseas. president trump considering a gas bump at the pump. he says a 25 cent a gallon tax could help fund the infrastructure plan. maria: the consumer price index rising and that sparked inflation fears among were versus investors caused the markets to spiral out of control but that did not last long. incredible market activity. volatility is back. trump's economic advisor gary cohn down played this. i want to talk about it right now with the president of macromavens and an economist. i love getting your take on this. you have been so right about this economy. i have some concerns right now. >> absolutely. you and i talked about what's going on with the consumer in terms of diving into the spending numbers. a lot of things have been driven by non-discretionary things. the market acti

. >>> peter thiel is pulling up stakes and will move from the bay area to los angeles. he will relocate his home +2 firms at overseas investments. he has been an outspoken supporter. the john r does what the journal says he has grown frustrated with the bay area politics which he sees as less lenient or intolerant. >>> amazon trying to trim its workforce without mass layoffs. it is now paying workers to quit. the online retailer is offering workers up to $5000 to resign. the purpose is twofold one, to get rid of the least engaged employees and to to give workers who turned down the opportunity to become more committed to the company. the offer went out this week at warehouses and customer service centers across the country. >>> macy's launched a women's clothing line, geared toward muslim shoppers. the chain teamed up with a boutique called verona collection to offer a selection of modest dresses, tops, and cardigans. it's available for sale on the website for macy's starting today. it is the first major u.s. department store to sell these. >>> a happy meal makeover com

organisation and that it has 1,150 people signed up for its services, including silicon valley billionaire peter thiel uk, derek watkinson has signed himself and his family up for just that via a different outfit called the cryonics institute. i imagine being on my deathbed, dying, and then immediately waking up. if it's gonna work, i'm gonna wake up straightaway, ‘cause the passage of time won't mean anything, because i will be dead. so i'll wake up immediately and hopefully i'll be able to remember things. my memory will be intact, hopefully. who i am. your whole family is going to be preserved as well? yeah. luckily my wife and daughter are for the idea and they are signed up members of the institute. but is this all too good to be true? we spoke to a neuroscientist who has serious misgivings about the basic foundations of cryonics. you really can't afford to freeze biological tissue until it's been appropriately protected. but unless you take it down to those low temperatures for protection quite quickly, it will continue to decompose. and my problem with the cryonics dream, the wishful thinking c

that is peter thiel's bailiwick if you will, how it will make this marketplace work.nk what every independent does, which is find his own way. many more need to. charles: millions of people left the whole state entirely. thank you very much. social media in the spotlight after mueller's indictment, facebook, instagram alone, mentioned 41 times in that indictment. we're on top of that. also the fda approving a blood test that detects concussions in people. could this be a game-changer in identifying these brain injuries much quicker? dr. marc siegel is next. ♪ ♪ charles: we always play the beatles just in his honor no matter what. 10:30 on the east coast. 7:30 out west. that means of course the beatles are playing. that means this, record number of investors have a million dollars in 401(k). great news. emacs. liz: 150,000 according to fidelity. watch this, the number of women 401(k) millionaires doubled over last 10 years. percentage of average savings rate is higher in 10 years. investor euphoria, stock market gains created a lot of 401(k) millionaires. rule of thumb

peter thiel is frustrated with what he sees as the intolerance of conservatives in the tech industry. he is also considering the possibility of resigning from the board of directors at facebook. he says that he is relocating his home and personal investment firm to los angeles. >>> ktvu fox 2 news at 6:30 is next with more on the massacre at a florida high school. a look at the preparedness at bay area schools. >> i'm looking for kids that are in some of these hiding spots behind bushes. >> up next the lesson learned from this latest tragedy. >> plus state lawmakers taking on sexual misconduct at the capital as one assemblywoman is now facing new allegations of harassment. >> plus, details on a sweeping new climate change plan for the bay area's biggest city. stay with us, ktvu fox 2 news at 6:30 is next. and i am a senior public safety my namspecialist for pg&e. my job is to help educate our first responders on how to deal with natural gas and electric emergencies. everyday when we go to work we want everyone to work safely and come home safely. i live right here in auburn, i absolut

billionaire peter thiel apparently no longer trusts silicon valley. the conservative is moving to l.a. according to a private source speaking to the "wall street journal." he recently said silicon valley is a one-party state and it's not his party. now, he could afford pretty much any building right here, right, any home in the bay area. not the rest of us. the california association of realtors says you need a salary of, get ready, $303,000 to home in the city of san francisco itself. the median price is $1.5 million so with 20% down in the current interest rate you are looking at a monthly mortgage of about $7,580. and that's laura garcia money. >> laura garcia money. that's right. >> old habits die hard. >> that's okay. >> thanks, scott. >>> happening today a big thing that won't cost you a lot of money to see, the much anticipated release of marvel's "black panther" movie. generations of fans having waiting for this. this is the first major hollywood action movie with a majority black cast. >> pete suratos joins us live in emeryville where the dir

. >>> peter thiel apparently no longer trusts silicon valley. the conservative apparently moving to l.a., this according to a private source speaking to the "wall street journal." he recently said silicon valley is a one-party state. >>> two can afford several homes in the bay area, rest of us not so much. the association of realtors says you need a salary of $303,000 to afford the median home in the city of san francisco. the median price of a home is $1.5 million. so with 20% down and current interest rates, laura and marcus, that is a monthly mortgage of, get ready for it, $7,580. >> and is that -- that's not including your taxes and everything? >> no, that would not include property taxes. >> don't forget about that. comes a couple times a year. >> that would make it very expensive. >> can you bitcoin to pay for that? >> there was a real estate transaction in the east bay -- >> yeah, there was. you know my feelings about bitcoin. >> all right. fluctuating out there, too. 5:15. >>> new this morning actor jeffrey tambor is blasting amazon stud

peter thiel said he's moving operations away from san francisco, setting up his shop in la because he'sk and tired of the lack of diversity and the pushback on any conservative ideas. lauren: when you challenge diversity or challenge politics in the workplace and doesn't go under the umbrella of what your corporation seems to represent u it looks like -- >> it's not silicon valley, it's ebbing ebbing -- echo chamber. >> do you think google the most powerful company in the world? lauren: as demore said, one of. >> do you think they can dictate things like this and eventually they succumb to competition? maria: remember back in the 90's with microsoft, the fines coming out of europe and regulation in technology in general. are you pushing back in this, are you saying that they are not powerful? maria: do you think they're not powerful? >> they become insular, we have seen it -- we have seen it with apple to a certain extent. we saw it with ge, we saw it with ibm and general motors and they think they stop looking at potential competitors out there and eventually collapse under their own w