second i -- sequoia wants money. >> you can finish your sentence. >> okay, i understand that sequoia needs to make their investors happy and want money. it's my understanding that the city has made an offer. >> i meant to wrap up. >> i'm on my last sentence. do what you want to do, but let people like me live in this 737 community. >> thank you. >> the gentleman in the front, we are going to ask you to stop applauding. public speaker: public my name is michael parker. i have lived in san francisco since 1997. i have a roommate. we have lived at post street 737 post street together ever since we have been in this city, 20 years next month. i work for a number of entities you have recognized always in this service for the betterment for the greater good in this city. i fear that unless we are helped i'm going to be homeless and i'm going to die on the streets. i'm uncomfortable with the fairly recent designation of myself as disabled. i'm not good at asking people for things. i'm not something i want to become used to. i really need your help here. thank you for your time. >> thank you

second i -- sequoia wants money. >> you can finish your sentence. >> okay, i understand that sequoia needs to make their investors happy and want money. it's my understanding that the city has made an offer. >> i meant to wrap up. >> i'm on my last sentence. do what you want to do, but let people like me live in this 737 community. >> thank you. >> the gentleman in the front, we are going to ask you to stop applauding. public speaker: public my name is michael parker. i have lived in san francisco since 1997. i have a roommate. we have lived at post street 737 post street together ever since we have been in this city, 20 years next month. i work for a number of entities you have recognized always in this service for the betterment for the greater good in this city. i fear that unless we are helped i'm going to be homeless and i'm going to die on the streets. i'm uncomfortable with the fairly recent designation of myself as disabled. i'm not good at asking people for things. i'm not something i want to become used to. i really need your help here. thank you for your time. >> thank you

second i -- sequoia wants money. >> you can finish your sentence. >> okay, i understand that sequoia needs to make their investors happy and want money. it's my understanding that the city has made an offer. >> i meant to wrap up. >> i'm on my last sentence. do what you want to do, but let people like me live in this 737 community. >> thank you. >> the gentleman in the front, we are going to ask you to stop applauding. public speaker: public my name is michael parker. i have lived in san francisco since 1997. i have a roommate. we have lived at post street 737 post street together ever since we have been in this city, 20 years next month. i work for a number of entities you have recognized always in this service for the betterment for the greater good in this city. i fear that unless we are helped i'm going to be homeless and i'm going to die on the streets. i'm uncomfortable with the fairly recent designation of myself as disabled. i'm not good at asking people for things. i'm not something i want to become used to. i really need your help here. thank you for your time. >> thank you

second i -- sequoia wants money. >> you can finish your sentence. >> okay, i understand that sequoiaeeds to make their investors happy and want money. it's my understanding that the city has made an offer. >> i meant to wrap up. >> i'm on my last sentence. do what you want to do, but let people like me live in this 737 community. >> thank you. >> the gentleman in the front, we are going to ask you to stop applauding. public speaker: public my name is michael parker. i have lived in san francisco since 1997. i have a roommate. we have lived at post street 737 post street together ever since we have been in this city, 20 years next month. i work for a number of entities you have recognized always in this service for the betterment for the greater good in this city. i fear that unless we are helped i'm going to be homeless and i'm going to die on the streets. i'm uncomfortable with the fairly recent designation of myself as disabled. i'm not good at asking people for things. i'm not something i want to become used to. i really need your help here. thank you for your time. >> thank you,

and it's the toyota tundra trd sport and the sequoia trd sport. now here's what i love about that trd sequoia version. it's an suv that's built for the off road. not to mention it's got cool performance features, a new exterior, new interior styling cues as well. nice big 20 inch aggressive off wheels, off road wheels and that trd badge on the sign. no pricing yet available, but look for those vehicles on the road here very soon. you gotta talk horsepower when you're coming to an auto show. and this is the best kids car right here. look mom and dad, this is what your kids wanna be in. it's the 2018 dodge durango srt. beautiful red supple leather on the interior but it's that 475 whopping hemi-motor under the hood that creates incredible horsepower, not the mention the, i want to go to school in that car, cool look. and speaking that, mopar with its 17 dodge challenger, this is a limited edition. this is for dad, who wants a fun car to take the kids to school in. limited edition, 80 models being made to commemorate the 80th anniversary of the dodge

i understand that sequoia is running a business. as i sat here in these chambers, this is my first time here. i am horrified and i think that you should be ashamed because these are people. i heard from someone who is sick, i heard from someone who is a senior citizen. i heard stories that make me want to cry. like, i get this is your job everyday, but this is people's homes. people who have lived there for 17 years. seriously? even if they are late 1 month. these are people. so i came to support colton because i'm new on the rainbow honor walk and they are doing it to preserve history. i feel this is very important.. as i sat here in this room, i am horrified and as i look at the landscape and looking at san francisco suing for this sanctuary city. sanctuary who? >> there is no applause allowed. >> i just wanted to put some heart in this discussion. what if that were your mother, what if that were your son or brother? what about you? are you going home tonight? because 6 months from now, colton might not be. i think that's my time.

and i have yourself. >> my name is cynthia mccherry at sequoia. we have some thoughts on what we are willing to do, but because of some proposals is not something that the ownership is interested in due to the fact that the bond financing is gone and our credit is no longer there, the cost of the financing has gone up significantly. >> i suspect that you and mr. lee or donald here can walk out in the hallway and talk about ways we can help refinance your project. we would be more than happy to help. we have financial resources and most importantly we have human resources count at 54 of them who by golly we need to work together to save so they can go home tonight and sleep in peace, and that is what we have to do. i don't want to spend the next several years of my life trying to figure out every deal that you or any of your investors or the other llc's have other interest in san francisco. i don't want to spend the rest of my year this year trying to figure out how you are going to take permits out to do additional work on that building or the alc

now, sequoia capital shaking things up.m that back to apple, cisco, and google apple, cisco, and google announced that longtime partner jim ghosts will be stepping back. he is famous for leading the investment in whatsapp, whatsaph was acquired by facebook for $22 million in 2014. he will be passing the baton on to soeonmeone who co-led the venture business since 2007. up next, more takeaways. facebook's latest earnings report. still record highs. this is bloomberg. ♪ caroline: facebook's earning call continues and the stock is still higher. what is encouraging investors? the 51% jump in sales. mobile advertising continuing to drive facebook's growth. the company gained on its number one mobile ad rival, google. for more, i want to bring in our bloomberg intelligence analyst. give us some highlights. maybe the future is really about instagram. 5 million businesses advertising on the service? >> 500,000. caroline: give us a sense of instagram's future potential. >> this is just the start for instagram and video. talking abou

yesterdayat an event sequoia and benchmark capital were saying this was unfair.nk it was right or wrong for travelers to step away -- for him to step away from a advisory position? hard to claimis that you want to be a household are aboveet you reproach for your actions. at the end of the day, you have to have a persona and you have to accept the published/. backlash. caroline: this is not the first uber feels outdone by tesla. >> uses are saying tesla does not have to register, why do we? caroline: you were quite an outspoken critic. you are a tesla user. you have the model s and you felt perhaps safety was not front and center. , but i would qualify that by saying i am a geek at heart. i was speaking about the issues. software glitches were amusing and in some cases annoying but i love the incremental software advances. i love what they are doing and i am a big fan. the safety issues are real. i think they're going through the exact right steps in terms of how they are pushing hardware and software update. i'm a big fan of what they are doing. i was commenting

least a recognition that they need to open up their partnerships, and ,everal of the most storied vcs sequoiaxample, they just brought in their first funeral partner. caroline: just now? susan: it is understandable on a certain level. most of the early startups were selling to large technology companies. they were enterprise plays, and being able to talk to the guys working at those companies was important. changes and asd technology becomes a part of every company, there is a bigger world out there and opportunities. keyline: a lot of the startups in silicon valley have been led by immigrants, as well. how are you seeing the trump travel been coming into play and how is it affecting females as well as immigrants? we only invest in companies that are u.s. based, there are certainly plenty of founders who have come to this country to go to university, really, and stayed, and they are starting companies now. that thiso question particular sector, the startup world, technology startups would be impacted dramatically by this ban. caroline: you spoken a lot cycle,out the election think social medi

a recognition that they need to open up their partnerships and several of the most storied vc's, sequoiaemale partner. caroline: just now? what took so long? >> i think it has been a world where -- it is understandable on a certain level. most of the early startups were bars technology companies. they were enterprise plays. being able to talk to those guys at those companies was important, but as the world changes and technology becomes a part of every company, there is just a bigger world out there and a bigger opportunity. caroline: what we have seen a lot particularly in silicon , valley, key startups have been led by immigrants as well. how are you seeing the trump travel ban come into play? how much is that affecting female immigrants as well? are we seeing it come from outside the united states? >> we only invest in companies that are u.s. based, but there are certainly plenty of founders who have come to this country to go to university really and stayed and they are starting companies now. so there is no question that this particular sector, the startup world, technology startups

this is boyd and patterson near sequoia middle school. another problem in oakland on shepherd canyon road. that road was shut down in both directions because of a hundred foot eucalyptus tree that came crashing down around 6:00 this morning. the road was closed between snake road. shepherd canyon road. a driver crashed into the tree after it came down. fortunately the driver wasn't hurt. we had a chance to talk to him briefly. he said it was dark and windy and rainy and he did not see that tree unexpectedly down in the road there. so a lot of problems to tell you about in the east bay. some minor flooding in pleasant hill. that's why at the civic center they have set up this sand bagging station. one of three throughout the city so that residents can come and make their own sand bags to prepare for more flooding. >> thank you, allie. >>> i want to show you guys a picture that my buddy dan sent me. look at the water rushing out of that manhole or utility cover, if you will, in downtown san anselmo. he sent other pictures that i'm not showi

east bay residents in pleasant hill had to rush to put out extra sandbags ace creek -- this is near sequoiar flowed. there were four to five inches of standing water. storm drain was overwhelmed and over flowing. the water receded in that neighborhood by about 9:30 but left a very muddy mess behind. a muddy mess is what crews with the public works crews are working on right now. again crow canyon road has minor flooding and mudslides and so they have brought in dump trucks and front loaders to clean all of that up. superintendent explained while it may not look very impressive in terms the mud and the road he said it's still dangerous and people drive very fast on this windy road. as a precaution to avoid accidents or spin outs they are clearing the roadway, the estimated time to reopen is the superintendent said is 3:00 p.m. this afternoon at the earliest. again that depends on the weather conditions this afternoon. back to you. >> thank you. >>> bad weather across other parts of the country. multiple tornadoes touched down today near new orleans leaving a wide path of destruction there. w

i hope that we are able to enter this arena with honey and i understand that parts of sequoia equity's thinking in this that you don't have other properties in san francisco or you don't contemplate having them in san francisco, so you can be my words, not yours, reckless and unaccountable in your behavior because you have nothing to lose, how far that maybe true because that's how it's reported to me. let me say something about that which i am going to ask the city attorney if we can't come to some equitable resolution to explore doing precisely what we did in the millennium case which is bringing suit for failure to disclose to these individuals that their bmr units would go to market rate at some point and the fact that that is not according to my knowledge in any written instrument, i believe maybe, i'm not a lawyer, but i have got one down the hall which we can litigate which is something we can resolve to the parties. think about that. i have that amount of leverage, but why don't we get this deal done and let the people sleep at night. thank you all for coming and thank you for

wal-mart, the world's largest retailer and employer; and tom stevenson, a republican who is a partner at sequoia capital, a very successful venture capital firm out in silicon valley; and greg mankiw, who was george w. bush's council of economic advisors chairman. so this is a very republican group, and they have a lot of experience, and none of them hold elective office now, so they don't have to worry about the fossil fuel industry trying to crush them in a primary or spend millions of dollars in front groups against them or any of the other stuff that politicians have to put up with from the fossil fuel industry as it fights to protect that massive dishai we've talked -- subsidy that we've talked about already. let's go through this report by these very senior republican officials. first sentence -- first sentence -- "mounting evidence of climate change is growing too strong to ignore." "for too long many republicans have looked the other way." indeed. they go on to propose a conservative climate solution what they call a carbon dividends plan, which aligns actually fairly well with my americ

are we have to presentations from one from microsoft and another from dry capital one the partners sequoiaital that is an artificial intelligence and colleague if dry capital will be talking about futuristic things in the future and a colleague from microsoft will be able to talk about how they're used to present economic activity and security prices outstanding commitments commissioner mazzuco last month asked for a chart on the change in our outstanding commitments our outstanding capital calls and that is provided in a chart at the end of this chart grown from 1.5 to $4.6 billion over the last 3 years there are two things that puts us in a better position to achieve our to death weights of return 18 to private equity and 17 to real assets we were not going to get under the previous funding schedule we're now in much better position to do that the other thing to weigh the liquidity we've been discussing and holding liquidity meeting monthly and we've also as indicated last month analyzed our liquid assets and in very, very good position to meet the capital calls whenever they happen on p

not to mention they are showcasing the sequoia as well. near exterior styling. performance upgrade.kilmeade. this is for you, brian. ready? here we go. dodge durango suv. america's fastest suv. 457-horsepower. supple red leather interior. about 0 to 60 in 4.4 seconds that makes this thing incredibly smoking hot and fast. mitsubishi 100th anniversary. sport unlimited edition. outlanders top sell mitsubishi as well. all new exterior trim. beautiful black alloy wheels. not to mention $21,000 price. one of the big trends we have seen kicking off 2017 is all about the technology inside the vehicle. and we're talking about wi-fi connectivity. chevy showcasing tahoe and suburban. summer is right around the corner. plan your vehicle. this is the one for you. biggest car trend in 2017 is that wi-fi and on star usage is up 260%. your kids can connect all of their connectivity devices inside the vehicle. all right. what i love about chicago is it's not just about the glitz and glamour of the cars. this is the bron ability chrysler pacifica. wiehl wheelchair accessible vehicle. if you drop your