ben silverman of pinterest was here last night and the media was interested in talking to them.s more interested in talking to the locals and staff members about how they use pinterest as opposed to getting any real hard work done. everyone has a different agenda, but it's an interesting mix for sure. >> i think that is hard work. i'm not surprised at all. a lot of deals get done at that conference. have you heard of any deals in the works there? >> not yet. certainly with a couple of major deals going through the regulatory process and comcast and time warner cable, that is something people are talking about. a lot of people are wondering if the content players will feel the need to do their own type of deal. you will see behind-the-scenes stuff -- last year, the murdoch family get together and figured out how they were going to position their own leadership strategy going forward. we did speak to barry diller whose a high profile accor. listen to what he had to say. >> what do you think about aereo? >> i think we bought the good fight. >> i think if it had been successful at t

pinterest has publicly expressed their desire to be in that building because of its proximity to the design community, which is somewhat ironic. offers have been made to assist financially in the relocation of these businesses, but we all know that to break all this up and then hope that these small businesses get replaced, especially in the market that we are currently involved in, i can't even fathom finding a new place today for my business and what that would, you know, portend financially. i think we need to get educated on this one. this is an interesting -- you know, this has legislative -- some legislative implications as well. >> i would agree with commissioner dwight on this one, especially the design district. it's very -- it's important to the san francisco economy and it's part of the city's fabric. >> literally. >> literally. and i would very much support that maybe we could have a hearing at future meetings sooner than later on this subject because i do find that alarming and there are many, many small businesses in there, many of whom i know are very worried about whe

the online service company pinterest said women make up roughly 40% of its staff.rcompared companies like google and facebook. pinterest says while it has made progress, it has a lot of work to do to getting a more diverse workforce. for many american companies, china is a challenging and commented market. qualcomm says it is having serious challenges collecting licensing revenues from chinese smart phone makers. the missed payment costs qualcomm stock to get hammered this week. on top of that, qualcomm is being invested -- investigated by the chinese government for being a possible monopoly. for more on what is going on of a book about inna and who has worked china for a couple of decades, paul weiss. -- gordon chang. what is going on here? chinese handset manufacturers saying, why do i have to pay qualcomm. it is very difficult for the san diego-based company to be able to sign up in the buddy to pay them royalties, because they are -- going to see out wait to see how tough beijing will be on the company. >> it is an enormous development, because it suggests that

pinterest expressed plans to move into the design center building.urther inflames residents who say they're being priced out of the city. thexd building owner is offerin $3 million in relocation costs. >> a big construction project in the silicon valley dug up more than just dirt. now, scientists are marvelling at what they found. to see the historic discovery. >> from up here, huge trucks looked like match box cars. it's not altered.]%[ just look closely. a fossilized whale skeleton is easy to miss first. to this scientific eye, sea shells turned out to be buried treasure. >> 20 million years ago. >> over 500 and counting. some preserved. >> this is about the size of dinner plates sea shells, snails, mussels. >> they found bones and teeth from giant animals >> jaws are something you can almost drive a car through. it was swimming here 20 million years ago. >> this is a huge construction project that is not slowing it down the project puts it alongside building contractors. >> if we find a fossil in the way of construction they'll remove it. or will

pinterest expressed plans to move into the design center building.urther inflames residents who say they're being priced out of the city. thexd building owner is offerin $3 million in relocation costs. >> a big construction project in the silicon valley dug up more than just dirt. now, scientists are marvelling at what they found. to see the historic discovery. >> from up here, huge trucks looked like match box cars. it's not altered.]%[ just look closely. a fossilized whale skeleton is easy to miss first. to this scientific eye, sea shells turned out to be buried treasure. >> 20 million years ago. >> over 500 and counting. some preserved. >> this is about the size of dinner plates sea shells, snails, mussels. >> they found bones and teeth from giant animals >> jaws are something you can drive a car through. it was swimming here 20 million years ago. >> this is a huge construction project that is not slowing it down the project puts it alongside building contractors. >> if we find a fossil in the way of construction they'll remove it. or will stabili

square deserves to be a landmark but she was uncomfortable after they would have been forced out for pinterestit is coming up next our 5:00 hour, the reason it will cost you twice as much, here is more on getting rid of blight. >>> coming up in the east bay we will tell you more about what other traffic is doing as we head down to walnut creek. >> outside our doors, patchy drizzle, we will talk about how long this is expected to stick around and i will highlight the kind use it coming up. -- highlight the temperatures coming up. . >>> they are wanted for stabbing a truck driver, we will tell you how a car crash led to this attack. >>> caught on camera, the sign the thief wanted to steal and some say it may be easy to track down. >>> live where several agencies stepped up and hired the homeless. >>> abandoned with a message script belled on his if you are but the story has a hadn'tpy -- happy ending. . >>> good morning, these are live pictures where a man was stabbed. you can see the police presence and alex savage is out there as well talking with investigators about how they believe a car cra

pinterest wanted to move natural san francisco design center but the chronicle reports that the city lapped use committee has tabled that pro pestal indefinitely. the owner of the building wanted to change the zoning from production to office space to allow for the move but supervisor cohen says she was uncomfortable with the owner plans to move many long time sinesses out. so far for the time being no deal. >> central coast town of harmony has just been sold. the entire city is just 2 and a half acres an sits in the rolling coastal hills about 6 miles south of camp bria not far from hearst castle. dates become to the mid 1800. new owner tell the tribune paper that they want to restore the town and recreate the feeling of kind of a by gone era. time gone by. the town currently list the population at 18. no word on what they paid but it appears to have been an all cash deal. >> 18 people have a new owner of the town. >> there you go. >> all right. spencer is here. owning the weather forecast for start of the work week. nice. a little bit muggy not quite east coast muggy but a taste. >

many people are discovering it through pinterest. so there is not this conflict. much -- media is a -- less about adjacency. and that is why there is conflict. there is a lingering legacy of print where people think that if you do one thing image you cannot do something else. that is not true. people who are used to the newspaper dropped on your doorstep and you can count the pages that are in sports and foreign news and how much ads, if you take that calculus, buzzfeed is a weird site. there is no constraint on what you can do and there is no adjacency is things are spread on different platforms. the new start understand -- then you start understanding what we are doing. a -- how many times do people come across a serious article and doubt the credibility because there is the buzzfeed brand? >> the classic network television, you had edward armour road during the evening news but you had soap operas in andmorning and comedy shows variety shows treaty had alfred hitchcock on the same network and people are used to having that mix. i think the bundle is something t

board member at air b & b and pinterest, executive roles and ebay and paypal.ho better to talk with jeff jordan who joins me here in sun valley. >> thanks for having me. appreciate it. >> start with the markets. multiday sell-off in tech stocks, media stocks. is this the market correction that we had been expecting given where valuations have reached? >> you know, it's hard to say. a month ago, exact say same storying add stocks covered. we try not to -- we're long-term investors with a decade-plus horizon and try not to be overly focused on what the market says. it's an incredibly ripe time for innovation and disruption and we think at this point because of mobile, the cloud, sass, a lot of great companies are being formed. they will have great values. not all of them will have great values. >> you took open table public in what you called the worst market ever in mid-2009. arguably, the best market ever to take a company public. relatively low volatility and near all-time highs. do you see the quality deterioratin deteriorating? >> one of the reasons we took

the popular do- it-yourself site, "pinterest" wants to over the san francisco desi center... to house its offi >>> resulting result -- a popular site wants to take over the san francisco design center to house their design offices. the building is not zoned for office space but tomorrow san francisco's landmark designation committee could vote to change that by designating it a historic building. >>> a swimmer is recovering this evening after being bitten by a great white shark. it happened yesterday morning at manhattan beach in southern california. a fisherman had the shark hooked, the animal was trying to get away when it lashed out at the nearby swimmer. the great white was a juvenile, about 6-8 feet long. >>> to continue the dangerous animal theme, the drought is bringing more and more rattlesnakes out of the hills and into human territory. >> and dogs are at risk for a strike. but, if you can train your pet to stay clear. >> reporter: cody's idol may be the reason his coworker is not what you expect. this is ziva. a rattlesnake. >> i have never been bit. i don't plan on

the big story, pinterest is there, pinterest do they do a deal with newscorps?uch mother exciting deals. what i want to know sitting at the park bench having a coffee. >> fair. although discovery/scripps would be a big deal, no the to give them any -- >> not at exciting, though it. >> kayla, a lot more from you later on. no one we'd rather have in sun valley for us. kayla tausche at the allen company conference. >>> meantime, a rough week for the nasdaq falling about 1.3% yesterday. posting its worst two-day loss since april. seema mody is there. >> right. a rough couple of days for the so-called momentum stocks reminiscent of what we saw in the month of march. big moves to the up side and down side. after yesterday's sell-off, some of the high-flying tech names are staging a comeback. run through the winners in the social media space. pandora, groupon, twitter fell 7% yesterday, and facebook showing green. also talk internet. amazon expedia as well as cloud computing player, one of the biggest losers over the past two days here at nasdaq. also staging a rebound

the plan was to sell to pinterest. the ordnance is about historic designation and certainly not about pintrest. >>> a company that was supposed to rks ipo raise theed more money in private funding instead. the mercury news says box which provides cloud storage raised $150 million. it's not the first time. they decided to delay the ipo because of a bumpy market. those the markets in fact have been hitting new highs. even after a poor showing yesterday, the dow remains over 17,000. for a look at how the markets are doing this morning, let's check in with bertha coombe. >> we saw stocks retreat from all time highs. right now weighing the start of earning seasons. and they are also wondering whether the federal reserve may hike interest rates sooner than expected. we're going to get data today on consumer credit. the dow starts at 17,024 after falling 44 points. nasdaq at 44.51 after losing 34. scott, the new york city times today has an article about all sorts of bubbles, potential bubbles, the fact that all assets are wi

. >>> new this morning, the website pinterest may have to come up with a new location for the pinterest headquarters. the plan had been to relocate to the san francisco design center. but that would have displaced dozens of existing tenants and would have required zoning changes. yesterday a board of superrequires' committee put the zoning changes on indefinite hold. >>> time now is 6:08. and new details on the gm ignition switch defect. why the company says its customers are partially responsible for the flawed design. >> swimmers in southern california jump into action to help a teenager in trouble. coming up, hear from the rescuers who saved the teen's life. >> whole lot of clouds outside. our kpix 5 hi-def doppler radar is tracking your skies could we see some rain drops? we'll talk about that coming up. >> to benicia we have an accident and some debris blocking one lane. we'll tell you more about that plus the rest of your drive to work. it's all coming up. but first, we of course want to know what is driving you crazy during your commute? ask a question or share a gripe by e-maili

is uncomfortable with the designed businesses which would have been forced out to make room for pinterest and how to wind down the drakes bay oyster company's business. it is 19 months staying open on federal land. last week a court design had to -- decheaped to rule and 6:40 is the time right now and it is designed top allow mail through the door but the homeowner had something far more dangerous coming through the door and coming up what police had to say about this frightening situation. >>> homeless people, we will tell you about a new comb -- homeland. >>> outside our doors, partly to mostly cloudy and muggy and that weather will continue and i have seen additional cool downs for the afternoon and i will lineup the numbers coming up. . >>> welcome back, a new program to get the homeless off the streets is being tested in san jose and several have expected to hire the homeless as well. janine de la vega joins us today. >> reporter: pam, the program kicks off this month and it helps the city deal with two issues to get rid of litter on the street and to help the homeless better themsel

company called tote, where we had a chance to be around on first round of financing that turned into pinterestpassed on sling investor, sold for $300 million. very interesting companies. you can't win them all. >> i'm not going to feel sorry for you, you've done already. david s. rose, ceo of gust, founder of angel investor. his new book is "angel investor: the gust guide to making money and having fun." investing in startups s it really fun? >> the most fun you can have with your clothes on. >> i should try that. that's our show for tonight. thanks for watching. as always, keep the faith. >>> for more information on our show visit tavis smile smiley @pbs.org. >> join me for emmy-winning actor beau bridges. that's next time. we'll see you then. >> welcome to "film school shorts," a showcase of the most exciting new talent from across the country. experience the future of film, next on "film school shorts." "film school shorts" is made possible by a grant from maurice kanbar. celebrating the vitality and power of the moving image. and by the members of kqed. >> boy: the neighborhood i live in i

company called tote, where we had a chance to be around on first round of financing that turned into pinterestpassed on sling investor, sold for $300 million. very interesting companies. you can't win them all. >> i'm not going to feel sorry for you, you've done already. david s. rose, ceo of gust, founder of angel investor. his new book is "angel investor: the gust guide to making money and having fun." investing in startups s it really fun? >> the most fun you can have with your clothes on. >> i should try that. that's our show for tonight. thanks for watching. as always, keep the faith. >>> for more information on our show visit tavis smile smiley @pbs.org. >> join me for emmy-winning actor beau bridges. that's next time. we'll see you then. >> hunt: welcome to the program. i am al hunt, filling in for charlie rose who is away on assignment. we begin tonight with general carter ham, the former commander of u.s. africa command. >> having met many libyan people, what they cherish, almost irrespective of their political aim, what they cherish is for the first time in most of their adult lives

something fresh and beautiful is budding on pinterest. a bouquet of men using their beards as art. it shows up as flower beards the arrangements are couture and crazy, daisy. these men show you that any beard of any length can accommodate any length. if you need any entertainment on the internet or smartphone go ahead and look at the guys the beautiful arrangements. it's like a vase on your face. i was thinking about you. >>> me? the flower show. >>> i love how he got out of that one. >>> no floral beards. >>> not for me. >>> matt pellman with an update. >> it's not rosy on the roadways. of the problem is stemming from the rain in the region. it's hairy on 42 422. it's a slow go out past the point. we had an earlier crash that cleared out. i have been watching i see police officers speeding on the shoulder. it's a wet accident scene. it giving us slippery conditions and accidents on 422. there is a crash in pottstown near high street by the firestone. and a car slipped into a pole. almost like brian but william howard along taft road. and the dental associates along veal creek road

like other tech companies, the pinterest workforce is 90% whites or asians.ill have a lot of work to do echoing the company to getting a more diverse workforce. companies,erican china is a complicated and challenging market. qualcomm says it is having serious problems collecting licensing revenues from -- because the call comes stock to get hammered this week. they're also being investigated by the chinese government for being a possible monopoly. what is going on here? cory johnson is still here and our guest from new york. he has lived and worked in china for almost two decades. what exactly is happening here? >> yet the national development and reform commission accusing qualcomm of anti-monopolistic position. at the same time, he had chinese handset and fractures see this enforcement action. they are saying, why do i have to pay qualcomm? -- difficulterent for the san diego company to sign of anyone to pay royalties. they're all waiting to see how tough beijing will be on the company here. >> this is an enormous development. it suggests the very basic law

three, pinterest is one of the best ways to see what products are trending now and comments are openo everyone. so you can get a firsthand look at what people think about different images on the site. four, search twitter questions. don't just follow trending tweets or hash tags. scour through questions people are asking for new ideas. five, visit niche networks and apps. knowing your audience helps you better serve their needs. >>> the role of websites has changed since social media came on to the scene. since your website and social media platform serve entirely different purposes, they shouldn't be twins but branding the two should be kept front and center. so here now with some quick tips to help tailor your content for the right audience and experience is denise. she's a founding partner and ceo of the s-3 agency, an ad agency with a special focus on social media. it's great to see you, denise. >> it's great to be here. thank you. >> you've done this for so many of the makeovers we've had on the show. it's great to have you talk to our audience about ways to think about your web

. >> pinterest and the freedom argument i am not adverse to that argument on though libertarians sideake it is a good and a service and supply and demand i can appreciate that argument but i think the social cost is far too high that legalize prostitution to decriminalize tears at the social fabric in and of say that once the door is open if you legalize prostitution it is a gift to pence and six traffickers. john: if it is legal you don't need up camp. >> hugh had hidden and child prostitution it opens the door to a lot of darkness. john: s.a. in the opposite is true. that happens weather in the dark but if it is legal there is no darkness but mcadoo had some statistics in front to me that it does lead to the increase of child prostitution it doesn't protect women's health or the? industry experience it. john: austin pick, germany, greece, mexico holland illegal china, egypt, and croatia is seems civilization is on the side of the legal work. >> to the united states is of a special case there is the puritanical strain but this country is also founded on judeo-christian morals and eth

entire publication or a specific element of any page or image on their own website on facebook, on pinterest the web. it is a combination of consumers coming to issue to read what they love and publishers using our tools and services to be able to share it very broadly and widely. >> thank you. joe hyrkin is the chief executive of issuu. i will talk with the founder of a company that started the first car vending machine. you heard me. that is next. ♪ >> this is "taking stock." buying a used automobile can be filled with uncertainty. a company called carvana is trying to make the process less uncertain. it lets customers purchase vehicles and finance them using the internet. joining us now is the founder and president, ernie garcia. detail for people the idea behind carvana. what is supposed to do? >> that core, carvana is like a car dealership instead of having a physical dealership that can cost up to $25 million to build and $3000 per sale to run, they can go to the website for the process. you can figure out financing and inspect the car in great detail. they can sign contracts and sched

. >>> the website pinterest will need a new location to move its headquarters.san francisco design center would have displaced dozens of tenants and the board of supervisors blocked the move by refusing the make the necessary zoning changes -- to make the necessary zoning changes. stay with us, traffic and weather in just a moment. >>> good morning, getting a check of san mateo county all lanes just reopened both directions of 92. an accident near the creek and power lines down. a car hit a power pole. anyway still delays in the area but now things are at least moving again. it's also very slow on northbound 101 trying to get into san jose. there was an earlier accident near mckeys. still slow from at least fellier. that's your latest kcbs traffic. here's lawrence. >>> a lot of clouds right now in fact our kpix 5 hi-def doppler radar was tracking a couple of rain drops most of that i van visiting before it hit -- evaporating before it hits the ground. 60s along the coastline. 70s and 80s inside the bay. ♪ >>> good morning to our viewers in the west. it's tuesday

or you're going through pinterest and looking at images.nd i think you start to absorb, in my miss, you start to absorb and see trend. without even conscious think thinking about it. one examples i was given, when, a cover of another magazine, perhaps a competitive magazine comes out and it has something on it that is something you aren't currently working on or actually sent to print, you think, was there a spy? was there someone there -- you know there was not. it is just that the people who are really focusing are picking up cues from awe these different places and it is sort of, part of the universal brain. gerri: will new good housekeeping under you, will it be more modern? >> i think modern is an interesting word, isn't it? gerri: so canadian of you to say it that way. >> well, of course we want to be modern but i don't mean modern like hard edges. i think fresh at the moment. gerri: you would say to your 21-year-old self, don't do this or should have done more of that? >> i'm pretty sure the best thing i could do for my 21 year-old s

that's it, sprint is selling a wireless data plan that let's you connect to facebook, twitter and pinteresty one. if you want connection to all four pay more. if you tweet or pin and nothing else this may be right for you. there are ways to make wireless internet more affordable. this plan only available at wal-mart. where do millennials spend their money? coffee, booze and fast food. 20 somethings in maine and on the east coast is the most captivated shelling out 300 bucks a year. east coasters like their food. massachusetts you find the most millennials at the bar. for fast food young adults in oklahoma spend the most about 1200 a year at mcdonalds and the like. let's show you stocks this morning sharply lower. the dow off in the triple digits. this is a day after the fed delivered no surprises in the policy statement. argentina now defaults for the second time in 13 years, ladies. >> lauren simonetti live for us. >> 18 minutes after the top of the hour. a terrifying moment for a driver when an ax goes flying into his windshield on the highway. incredible ending coming up. >>> the bad blo

twitter 9%, instagram 8%, snap chat and pi pinterest pulling up the rear, but selfie thing has legs,means, it will generate investment opportunities, let's talk about it with the crew. all right, law talk about this with the professionals selfie phenomena. a huge thing, we know a big social media thing, how do we make money on nars sim sis emgoe wild? >> all advertisers, remember ellen degeneres. that was product placement according to ceo, advertising firm that was hired by samsung, they had 1 billion dollars worth of advertiseing revenue that came in. that was from that one selfie. >> selfies that have seen should not be shown on tv, i am going another way, i think -- >> these are selfies that people send to you or cyberspace. >> i'm just saying, kim kardashian that stuff, i am about food, i went out to dinner this week, i was taking pictures of food, i think that yelp is an investment. i was looking at pictures of my food before it got there. charles: my son does that took yelp i like that. it took all day to find that g-rated picture. >> you can make money by taking your civillys

a photograph i found on pinterest because i'm a huge pinterest fan. look at his face.son is in this movie. i had a seen with him where he's siting across from me at a table and he plays this kind of selfish schmuck who is just hardened as you know since you were forced to see the movie. >> i wasn't forced to see it. >> and, robin, so when he went i'm just sitting there. he sort of suddenly just breaks down and cries and you just see this person. reborn but it's still there. that sweet -- look at him. ah. >> yeah. >> give him a big kiss, right? mwah. >> he says you're a guide kisser. he said you're a better kisser than matt damon. >> and him, i'm kidding. >> never enough time. you are a delight. >> thank you for having me. >> you are a force of nature and something you want to see. "and so it goes" opens nationwide july 25th >> that's what it does. thank you so much. >> thank you. any time. >> do i leave now? >> you can stay there. we're going to ginger. >> ginger. >> i'll watch. >> with the weather. >> so often we come out here and i play a little game called where are

what is twitter's advantage going forward versus the likes of pinterest and tumbler and others trying to come on stronger in the space? what might they have the ability to do out of left field we might expect that could accelerate things? >> jon, an important question to think about, right? when we think about twitter and the competitive advantages they have, clearly the fact they're global and realtime and egalitarian in terns of distribution and realtime for everyone, that's powerful. figuring out ways to better that. impair to television, twitter h proven over and over again, we think, there's a link to what they're able to offer as people are kind of watching shows and events and then commenting accordingly. i think the next stage, however, is really going to be about twitter driving actions, and so you mentioned app install ads, we think those have been a nice drav driver and in addition, looking at e-commerce. we see some potential there, but it's too early to tell. >> schoott, we'll get more clary tonight. appreciate your time. over at s&p pie capital, iq. >>> several wire serv

i want to take a picture of you for my pinterest board. >> seth: wait. i'm sorry.re making a big deal about the iphone 6 and its new bigger screen. but what they may not have heard is the 4.7, this model is still smaller than the htc and samsung galaxy s5. >> seth: oh so you do really know about the iphone 6? do you have any other thoughts? >> yeah, i think that cup of pencils on your desk is childish. men use pens. >> seth: okay. thank you. [ laughter ] give it up for grandma, everybody. we'll be right back with chris pratt! thank you so much for coming. ♪ ♪ [ cheers and applause ] hey, mr. smith. want to try out my time machine? it runs on doritos. [ barks ] sure. so now what? got to put the whole bag in. okay. yes! it's really working, jimmy! [ humming, thumping ] [ humming ] [ thumping ] this is the greatest moment of my life! get out of my yard! [ birds chirping ] jimmy? you're so old. [ crunch! ] it's the future! degree improved too with new degree motionsense. the only antiperspirant that releases extra protection as you move, to keep you fresher long after

day, gopro ceo said it's gopro app enables thaem them to stream content along multiple plampls, on pinterestnd x-box 360 with microsoft generating more than a half a million downloads. focus if on how it's trying to broaden its reach and indicating the high interest in content created using the gopro devices. i'll get back on the call, once i get back,ly have more in a sec. >> thanks so much. talk about throwing caution to the wind under valuations. this is the prime example of that category. >> this is a similar pattern we saw on facebook and twitter. gopro is trying to develop a social network based around the particular product. right now we're in the doubt phase, it doesn't seem like it can execute what wall street thought. i think you wait to the low 30s before you take a look at there and then they'll very that aha moment. it might be a quarter or two away, tow. >> gross par gins, very strong. you look at gross margins over year, 42.2%. up from last year. that's a great, what are you getting sec watching the video? >> for the, i was saying, wow. that's a huge thing. >> it's making you

pinterest is a popular crafting and do it yourself site that wants to house its offices at the designhe building also isn't zoned for office space. tomorrow san francisco's landmark designation committee could vote to change that. >>> the push is on in san jose to gather 100,000 signatures to keep marijuana dispensaries open. they campaigned against strict new rules and gather signatures. the city regulations would force many of the businesses to close or relocate and redistrict to locations where the pot can be grown and manufactured. >> with the city's regulations it would be virtually impossible to continue to operate. we're doing a referendum to change what the city's doing. >> if advocates gather enough signatures a referendum to change the new rules will be on the november ballot. such a piecemeal. >> you know you're absolutely right. efforts in sacramento to make it uniformly regulated up and down the state have gone nowhere either. i think in part because nobody really knows where this legally lies. >> and of course everybody has their eye on colorado. i mean should it just be

. >> if you look at facebook or twitter or pinterest, which has not yet become public, but they're generatingwhereas if you go back to globe, razor fish, even netscape, aol, and go when k-tel converted from being a company that sold bad music over the telephone to a company that sold bad 1970s music over the internet, we killed the ceo on air on "squawk box" one morning. i think josh meant to say there was not enough suspension of disbelieve when he talked about this yesterday. there really isn't that today. you don't see people participating. it's not a mania. >> you know, one of stocks, guys, and herb or to the traders, whoever, that was certainly talked about back then for having a huge stock price, lack of profitability, today with a big stock price, lack of profitability, amazon, right? everybody here uses or has used amazon in some capacity. and it's made all the time the valuation argument on amazon, but you can't knock the revenues that company is generating. look at the price earnings multiple today versus 1999. you can't compare them. so i think there is a much better valuation argu

university of alabama and many of the comments are about alabama football and this is connected to the pinterestas well. all of the accounts include photographs of ross harris. poppy? >> appreciate the digging and the reporting as we continue to follow this for what will be a long, long time. appreciate it. victor blackwell, thanks. >>> still to come here in the "newsroom" house leadership ready to sue the president. but the white house says this is nothing but a political stunt. we'll take a look at the chances. -- what kind of chances does this have in the courtroom, next. that's a man interviewino.for a job. not that one. that one. the one who seems like he's already got the job 'cause he studied all the right courses from the get-go. and that's an accountant, a mom, a university of phoenix scholarship recipient, who used our unique --scratch that-- awesome career-planning tool. and that's a student, working late, with a day job, taking courses aligned with the industry he's aiming to be in. ready to build an education around the career that you want? let's get to work. legs, for crossing. fe

every single website, every single website, the newyorktimes.com and pinterest, everybody has testing stuff. that's how they're built. nobody launches a feature and bets the farm on 10% of the users watching how it goes and seeing if it's good or getting rid of it if it's bad and rolling it out to everybody else. >> ares users canceling accounts because of this? >> not at all. >> would you tell me if it were happening? would you tell me how many people are canceling they're upset with this. >> you can corroborate this other places. at least a million check in. we had less than 10 complaints. there's just not -- the i think users because okcupid uses data all the time on the blog, i think they expect it a little bit. >> i get that the website in order to stay innovative, need to collect and analyze the data. if you're actually telling someone who you're not necessarily a great match with that you are going to take ace closer look, is that crossing the line in any way? >> i definitely understand how it feels weird, but it's part of a continuum that we're always changes to match algorith

what can she buy that she's interested in pinterest? google can -- slap that up quickly. not that much money compared to the people she's competing against. that's the difficulty she faces. where can she truly buy growth? a tough one for her and a tough one for any ceo of that company. >> good point. see what happens in august, and more importantly, after august. kara, have a great weekend. see you next time. >> kara swisher of re/code and nbc university has a content sharing partnership with and is a minority shareholder in re/code. >>> dow down about 22 points. s&p roughly flat, 1963. >>> when we come back, apple iwatch, iphone speculation this morning. telling truth from fiction. >>> also ahead, sun valley brian rogers, chairman of t. rowe price, legendary equity investor and right after this break, lift, launching in new york city. we'll talk to the chair of the city's taxing commission when "squawk alley" comes right back. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's import

. >>> the website pinterest may have to come up with a new location for its headquarters. the plan has been to relocate to the san francisco design center but that would have displaced dozens of existing tenants. and it would have required zoning changes. yesterday a board of supervisors' committee put the zoning changes on indefinite hold. >>> the union for muni drivers has delayed voting on a tentative contract. originally the transport workers union planned to vote yesterday. but now that vote has been rescheduled for next monday. a spokesman for muni management says part of the agreement needed clarification. under the agreement, muni operators and fair inspectors would get a 14% raise over throe years. >>> well, portion of the b.a.r.t. to san jose extension project will be delayed. because of a court ruling on the closure of dixon landing road. kpix 5's kiet do joins us live from milpitas with a bulldozer in the background celting the stage for how this is going to affect the entire project. good morning. >> reporter: yeah good morning you know construction traffic de

and tech moguls, and well-known investors, some companies here for a second or third time, that's pinterestck by the side of the capital investors, and mum to reporters as well, but they've been here before because a lot wore vintage editions of the alan and company vests. alanments the companies' business if and when they go public. there's companies far closer to the event than what i mentioned. first data led by ceo is here for the first time, company just got a big investment from kkr. they are expected to go public again in the next year or so. lending club, a company that we've covered a lot on "squawk on the street" a specialty finance company that offers consumer loans are expected to go public by the end of the year. the ceo is here as well for the first time, and he'll be presenting to the audience tomorrow morning and other startups here for the first time. quite a captive audience for the company looking to go public, looking to get a lot of blue chip money into the stock once they do. other companies that we've seen here, wayfayer, cloudera, zulily here, already public, and int

many people are discovering it through pinterest. so there is not this conflict.not so much -- media is a -- less about adjacency. and that is why there is nott conflict. there is a lingering legacy of print where people think that if you do one thing image you cannot do something else. that is not true. people who are used to the newspaper dropped on your doorstep and you can count the pages that are in sports and foreign news and how much ads, if you take that calculus, buzzfeed is a weird site. there is no constraint on what you can do and there is no adjacency is things are spread on different platforms. the new start understand -- then you start understanding what we are doing. >> how many times do people come across a serious article and doubts the credibility because there is the buzzfeed brand? >> the classic network television, you had edward r. murrow during the evening news but you had soap operas in the morning and comedy shows and variety shows treaty had alfred hitchcock on the same network and people are used to having that mix. i think the bundle i

that tells us that -- >> it's going on my pinterest page. >> it is really that kind of day in the market is bringing his "a" game. >> here's what i think is exciting, both guy and evan think equities will be under pressure here, but guy, because you think rates are going lower in tandem with that and evan because you think rates are going higher. >> no, no, it's true, but i do believe there is an inherent contradiction here between the equity market and the bond market, and i think what -- yeah, it depends on what scenario you see until the end of the year, kelly. and i see a scenario where rates will rise and that will put pressure on equities because rates are going to be higher. but you know, it could happen overnight or it could take six months to happen. the hard part is getting the timing right here, and i have no idea. >> a line we just heard, andrew, from one of our guests last hour, he said small caps are losing billions. i'm reminded of some of the pressure, if we can look at the hyg index, that we've seen in the high-yield space recently. is this a janet yellen effect? after t

many people are discovering it on pinterest. you are likely finding buzzfeed food and diy content.so there's not this conflict. it's not so much -- media is becoming less about adjacency, like what did two things next to each other and more about having each piece of content reach its full potential by spreading a platform where it belongs to the people are most interested in it, and that's why there's not to conflict. there still is some lingering legacy of some print where people think that if you do one thing it means you can't do something else. but it's not true. so people are used to like the newspaper dropped on your doorstep and you can kind of count the pages that are in sports and the pages in foreign news and how many ads are there, if you take that calculus can buzzfeed is a weird site, you know? but if you think that there is no constraint at what you can do and adjacent doesn't matter because everything is spread on different platforms, then you should understand what more what we are actually doing. >> there are instances where someone is the man with the buzzfeed as

facebook, pinterest, instagram.these are solid and good modes of communication for particularly the african-american community, the black community locally and globally, to communicate. avoid the temptation of pitching new books on line but to write me and let me know what you would like to read and read and read and read. now even scientists are concluding and showing us how reading two young children, us reading ourselves affects our brains in a positive way. it's healing. it's not just recreation. it's not just something that you do when you are in school. i read a statistic that more than 40% of people don't read books once they graduate from school. we have got to do better for ourselves. we just need a quiet place to relax for blood pressure to reduce. read, read, read. one area where you won't get much argument from people across cultural lines is around the whole question of education and how important it is. generally when we are talking about that, we are talking about the marginalized in the poor and how

ben silverman of pinterest was here last night.e was more interested in talking with some of the locals and staff members about how they use pinterest as opposed to really getting any hard work done. a different agenda in sun valley. it is an interesting mix, for sure. but i think that is hard work for ben silverman. -- >> i think that is hard work for ben silverman. i'm not surprised at all. a lot of deals get done at that conference. have you heard of any deal the works there? >> in no, not yet. certainly, with a couple of major deals going through the regulatory process, of course, comcast and time warner cable, that is something people are talking about. many people are wondering if the content players and broadcasters to do theire need own types of deals. certainly, you will see the behind the scenes stuff working its way out here. last year, the murdoch family got together and figured out how they would position their own leadership strategy going forward. we did speak, though, two buried --brry -- very diller diller. listen