made of silicon. the main customers for the semiconductor companies were not people like you and me, they were other companies. they were computer makers. the big computer makers like ibm and honeywell. the sales guy for these the -- for these computer companies would come out. they started colloquially referring to the valley as silicon valley. there is a reporter for a trade paper. this is based in palo alto. a guy named don hoffler. featureiting this big story in january 1971 about the silicon semi conductor industry in the silicon -- in the sarah the santavalley -- in clara valley. he writes about the semiconductor industry in silicon valley. he gets wind that silicon valley is the colloquial name and he headlines the story silicon valley, usa. that name stuck. it was something that was bandied about in the valley for a while within the industry. it is not until the late 1970's when it starts disseminating out. i found in my references in the washington post and new york times. they start talking

how did it affect silicon valley?rofessor o'mara: this was a supercomputing project that was going to require immense amounts of computing power. it becomes this incredible resource for computer science and other related disciplines. the funny thing is, a lot of the computer scientists in silicon valley were very much against sdi. a lot were against it technically. they were like this is not going to work. there is a possibility for error and error would be catastrophic. it would require so much. we are not there yet, technologically. it reminds me about some of the conversations about autonomous vehicles and driverless cars. we are not quite there yet. the people were building computers, programming computers, who are on the faculty of stanford or working at research institutes like sri in the valley, they are the antiwar generation. they want to make peace, not war. they are politically and philosophically opposed to what the reagan administration is doing. this is one of the wonderful things and it is understanding

he gets wind that silicon valley is the colloquial name and he headlines the story silicon valley usa. that name stuck. it was something that was bandied about in the valley for a while within the industry. late 70'suntil the when it starts becoming -- starts disseminating out. i found my references in the washington post and new york times. they start talking about the santa clara valley and then occasionally they will say silicon valley. the post is referring to silicon valley in quotation marks until about seven to nine --1979. then it becomes a more familiar lexicon. it was seen as so often the side of the main action for so long. susan: i would like people to know a little bit about you. how did you get interested in this? professor o'mara: i was in graduate school, i knew i wanted to write -- i worked in politics before i went to graduate school. i studied political history and i was interested in looking at the eisenhower years and the domestic impact of the cold war. enough, i was becoming a political junkie. i was interested in what the eisenhower white house was doing and wh

microchips made of silicon.t turns out the time, the main customers for the semiconductor companies were not people like you and me, they were other companies. they were computer makers. the sales guy for these the computer companies would come out and they started colloquially referring to the valley as silicon valley. here is a reporter for a trade paper. this is based in palo alto. this is a guy named don hoffler. he's writing this big feature story in 1971 about the big silicon semi conducter industry in silicon valley. he gets wind that silicon valley is the colloquial name and he headlines the story "silicon valley, u.s.a.," and that name stuck. although it was something that was bandied about in the valley for a while within the industry. it really is -- it's not until the late 1970's when it starts disseminating out. i found in my research references in "the washington post" and "new york times" and "fortune" magazine start talking about the valley, santa clara valley and then occasionally they will say

are really looking for opportunities to learn from silicon valley, how silicon valley innovates, howo bring technologies from silicon valley to japan. and there are tremendous trade opportunities for both countries as well. robert: what about learning from japan? what does the us or silicon valley learn from japan? gary: that's an interesting question because one of the governors, governor yuzaki from hiroshima, spoke about the establishment of a new school in hiroshima called the hiroshima global academy. and he spoke specifically about innovative pedagogical tools that they're using in this school. and i believe that we can learn a tremendous amount from those particular pedagogical tools. robert: do you guys expand to other issues, you know, like healthcare or other kind of issues beyond sort of the technical aspects that people kind of focus on when because there's so many issues that we be we did decide to focus on two areas, but there are so many other areas where california and japan can collaborate. one that has come up in conversation a lot recently is disaster prevention an

there is also silicon, which gives us silicon valley, lithium for batteries, uranium for nuclear energy, nitrogen, phosphorus, and potassium which help us grow crops. carbon is full of vitals for life, and a huge pain in the climate change that. you may think we live in a virtual world where value is created by ideas, but it takes dozens of elements to make the computers that house all those ideas, and the more technology advances, the more elements we find uses for. that is why the 150th anniversary formulation of the periodic table, matter still matters. jason: rare earths in the u.s., china tit-for-tat. carol: and why greenland is trump's treasure island. jason: this is "bloomberg businessweek." ♪ carol: welcome back to "bloomberg businessweek." i'm jason kelly. carol: i'm carol massar. join us every day on the radio starting at 2:00 p.m. wall street time and catch up on the daily show by listening to our podcast on apple podcast, soundcloud, and bloomberg.com. jason: and online at businessweek.com and through our mobile app. this week, we are breaking down businessweek's special ele

. >> this is silicon valley, this is the epitome of the founder that wanted total complete control foreeding nothing to shareholders, guaranteeing nothing about the future of the company. that's what. s 1 filing was, that we were red light. investors are not on board for that the valuation at wework is getting and hearing from investors is lower than the $47 billion valuation that softbank was willing to pay all along. >> casey, you're based in silicon valley what is the sense, given everything that's playing out ahead of the road show that's expected next week is it seen as a tipping point in terms of what can be asked of the public market? >> yeah. morgan, to me it is the most entertaining ipo story of the year everyone wants to call it a silicon valley valley story. this is a new york company this one is on y'all and it is totally in panic mode. every day they're trying to come up with something to salvage the ipo, i don't know if they're going to do it >> yeah. we got to own this one, kevin. this does not look to me like a humble company before, the first version was control beyond

so there was a shift to silicon, and he did that work.is passion for germanium, he led in the shift to silicon, and the shift the production of the early silicon transistors, which became this big phenomenon. there is an anecdote about him wowing the crowd by pulling a silicon transistor from his pocket. because that is the kind of thing that wows that crowd. carol: everybody was like we are going to do this, but as a matter of fact. daniel: he said that is now. carol: i feel like with any kind of scientist, the work they do in the past and the work that they did on germanium helped them in terms of what they were able to do. he was at an advanced level because of what he had learned. daniel: he was all about making perfect crystals, so he switched materials, but he was a germanium man. carol: he was a germanium man, but it just reminds you that these individuals who brought this on, in science or looking at the periodic table, just think about what it has brought us to where we are today. daniel: what is also fascinating, when you think

he's here to support 02 silicon vaey is grn. millions up for grabs for both sides. when looking at itemized donations of $200 or more through june of this year the third highest fund-raiser in california. silicon valley lunch expected to raise several million more. >> go to hear the people, whatever their perspective so they're informed. >> reporter: brandon lang just graduated from uc santa cruz. he says the strong economy is proof of trump's leadership. he believes bay area republicans have been silenced. he hopes the president's visit gives them a voice. >> there's culture shame in the area. him coming here to show support for sus is something they can turn around. >> reporter: president trump took off from moffett field a few hours ago on his way to his next location. there were no protests here. reporting live, anser hassan, abc 7 news. >> anser, thanks very much. that was a rather brief visit for the president. he arrived in the bay area just after 11:00 a.m. he departed about 45 minutes later than planned taking off from moffett field at about 3:15. a little

i don't think that's a net positive for silicon valley. i don't think it's a net positive for those companies or soft bank. i look at soft bank and i would luchb -- if you look at the value creation created over the course of the last two decades, the vast majority came from a single bet on alibaba. i think soft bank ought to be investing off of its balance sheet in what they know best. the idea that they will raise 200 billion from the saudis and others in order to continue what i think is a dangerous game of investing in competitor companies and pitting them against one another, i hope they shelf the idea for vision two. >> wouldn't -- if let's say soft bank pulled back out here, wouldn't that have a negative impact i don't know that that would be greeted as a great thing in some circles out here. >> i think you can overcapitalize a company and lose all the constraints. i think the best innovation often comes when you are really under the gun and having to be held really tight because you don't have a massive balance sheet to throw at a

silicon valley is sitting up and taking notice. welcome back to press here. you may have heard tale that is some silicon valley execs fill their veins with the blood of young people. sounds absurd, turns out it's true. others though grow old gracefully, two of those men join me now. martin child of the san francisco -- m.i.t. technology review, john of dow jones as well. so i trust mit technology reviewment if i see "people" magazine or something, the secret of youth, i may not pick it up. if mit technology review is talking to me about well maybe there's a secret. i'm going to read it. >> there's a whole bunch of research going on in various different areas that kind of move us towards the point at which you could choose to maybe live longer. and there's sort of a very different areas. one is kind of new drugs. as you said, like a group of drugs. they can revert ageing in mice and geese so the idea is can we create a dapations of that. like treating ageing as a disease. >> because if you treat it as disease, then new funding opens up in a way that becomes a

alwae silicon valley secret?

this private silicon valley classroom turned its back on tech. >> more parents in silicon valley aresking nannies to police their child's screen time. in some cases, the addiction is so bad, they're asked to hide the technology all together, and sign a "no phone" contract. >> hold on a second! so these screens are fine for our kids but not for yours! you silicon valley people don't get to shield their families from the problems they created. in fact, every time they introduce a new brain-zapping gizmo, they should have to test it out on their own brats first. ( laughter ) "hey, kids! daddy made something that might cause cancer. could you stare at it for me?" ( laughter ) ( applause ) these tech pushers need to stand by their own product. that's why i love the kool-aid man. not only is he kool-aid. he carries around an extra jug of kool-aid! ( applause ) just in case he runs out of himself! now, that's what i call integrity! ( laughter ) but it's not realistic to expect silicon valley to take responsibility for their actions. that's why, as a public service, i, lewis black, have deve

the silicon valley leadership group. we go to those hearings until 1:00, 2:00, 3:00 in the morning. we try to be the voice for the voiceless. we have advocated for over 300 home developments. >> how many have you gotten? >> we have won every time but 11 times. by showing up, standing up. that is what we have to do. >> project home. if you want to see more, tune in monday and wednesday nights at 11:00 on kpix5. thank you. now let's try to look at a brighter topic. maybe one that has an answer. the weather. >>> i have some specific answers and specific numbers. the first thing i want you to see is the change. for those of us on the bay or near the coast, look at the view from the top of the tower. a beautiful wet, gray blanket. poring over parts of the city this morning. unfortunately, this won't get far enough inland to cool everybody down today but it is coming far enough on sure that we will get a drop in the temperatures for the city and around the bay. this is like san francisco will be 10 degrees cooler today than ye

." >>> good morning, we are all aware the tech in silicon valley is less about silicone these days and more just a few days ago san francisco based igm biosciences launched a successful ipo raising $125 million. the company is developing anti-bodies to treat blood cancers. biotech is not my area of expertise. fortunately, i have three other chairs at this desk and can invite people who are much smarter than i am to talk about the industry. this morning i would like to specifically talk with genomic research and crisper, this is a way of editing genes. i would like to talk most beabout the positive side of it what it will allow us to do and the lives it will save. you are looking inside the labs of biosciences, created by trevor martin, he is joined by kristen brown of bloomberg and aaron brown ofst business insider. thank you for joining us. let's keep this simple sequencing is the e reading a document and crisper is the equivalent of word processing. is that a good place to start. >> it is a good place to start. crisper is a tool for programming biology. when you think about dna and r

housing trust silicon valley manages the program. here's how they describe some of the working class families the program helped. >> she works in manufacturing. she and her two children were able to move into their first home. and it's exciting. another family that we recently helped with two small kids, they were living in a mobile home and now they're able to move into their own home and the kids have their own bedrooms. there's a place for them to run around. >> our cris sanchez said working class in silicon valley in the case is $150,000 for a family of four. santa clara county aims to help 200 home buyers in 5 years. measure a with affordable housing projects and work to shelter people living on the streets. find more information at nbc bay area.com. >>> latest on the markets this midday. the dow rises more than 150 points so far. stocks making the biggest moves, caterpillar, smile direct club, oracle and yelp. >>> whatever happened to predictability? the milkman, paper boy, the full house home in san francisco, according to the

. >>> some of silicon valley's top social media leaders are heading to capitol hill today. >>> new at 6:00, a health alert for parents about sugary drinks. a new guideline for kids. >>> and i'm tracking the chance of scattered thiwith the world's firstdo, invisible trailer. invisible trailer? hop in. silverado offers an optional technology package with up to 15 different views- including one enhanced view that makes your trailer appear invisible. wow. that's pretty sweet. that's cool. where'd the trailer go? or, get a total value of ninety seven sixty on this silverado all star without optional tech package or enhanced invisible view. find new roads at your local chevy dealer. >>> let's look at neighborhood temperatures. in the north day, we had 40s yesterday. upper 50s to 60s. so some areas 10, 15 degrees warmer. the rest of us low to mid 60s. cupertino at 59 degrees. dry embarcadero from our roof camera. if you're out and about today, take the umbrella. we'll have many dry periods to be out and about and yard work, this is the last cool day in the forecast. look at the east bay vall

san francisco it's the mecca for tech designers silicon valley this place pioneered the art of constructing optimizing and enhancing a lot of the technology we use every day it's turbo charge the speed at which we use the internet and made navigating the way more ensuring but it's also given us a full sense of security. but. i've lost count of the number of times i've clicked i agree to get into a website we all have to do it as we speed around the internet we face hundreds of these annoying pop ups and consent forms all demanding a response from us and yes i call them annoying because that is exactly what they are they may look like that they're there to provide us with control but the reality is far from it when users click on i agree to the terms and conditions or they see a privacy policy and they click on ads they may think that they're actually being given control of their personal data what to collect it how would she and it's advantageous to companies for them to do that because if something bad happens the tech company could then they actually agreed to this nobody ever reads the t

we want to highlight that by making the entrance of that gateway into silicon valley obama boulevard. >> very nice news to greet the former president. the conference he is speaking at today is the beginning of everything. that's what they have called it. it's focusing on innovations in big data. the company has not said what it is paying obama, but it should be a warm welcome in a region where there are now plans to name a not h protests planned for thet,uite acontrast morning. >> good morning. we'll get an update of weather and traffic. here is mike. >> way up to the north bay, cloverdale, hopland, kelseyville, that's where we have the best radar returns. the big egest part of the syste will remain to the north. we're getting the tail end of this system. i'm not expecting as much rain, nor is it as widespread as it was on monday. scattered showers possible in the north bay through 7:00. temperatures a little bit warmer this morning from upper 50s to mid 60s. the rest of us have a chance for a random shower. the chance will taper heading towards 4:00. we'll push up in temperatures. by

that created massive chaos in silicon valley. this candidate must have hired a troll farm or maybe has hired bots. this is disinformation. we need to take it down. in reality what the candidate had done is they had built an app and their supporters downloaded the app and granted access to the app to their own social media account and had agreed to participate into this one-push campaign. they had downloaded the app and granted access. that gave silicon valley a pause saying, oh, what do we do with that? is that okay? is that coordinated or is that exactly how people are going to be campaigning today. i think because of our lack of serious dialogue, we're going to find a crazy amount of gray area situations like that as we head towards 2020. i would really encourage a serious conversation with candidates, parties, pr firms on what is an acceptable practice and what is simply a modern and creative use of tools for campaigning. we're bound to have difficult conversations that's not going to help trust in our institutions. >> oh, boy

valley ok so the new the new wall street a silicon valley so you know wall street. it is is the ninety's and the early 2000 post occupy wall street we now have silicon valley is the new ok of us i think so like you had you know goldman sachs all as their finger in every pocket type of thing they you know what you leave gold entered actually you join up with the world bank or the i am very become an advisor to some country and so they had this matter i call it the vampire squid so you're detecting a shift a little shift now and that's lower silicon valley tell us a little more about that will the new goldman sachs's you know facebook or google or. and you can see it in the way that these corporations behave you can see it in how they've tried to initially start with all these ideals like don't be evil and one little political cycle has already destroyed that you know they're no no longer doing town halls and google and i just think that they've become far too powerful too quickly in the american system based on a fiar currency and sort of these infallible central ban

. >> his first california stop was in silicon valley where his supporters not only welcomed him with enthusiasm but kept insisting the president come back more often. a wave, a fist bump and chants of usa. that was the scene as president trump landed at the field this morning to attend a fund raiser at this silicon valley mansion hosted by scott mcneely and his wife. greeting the president as he got off the plane. >> he's acutely aware of the homeless crisis, of the one-sided government, the housing crisis, of the water crisis. you know, he's very familiar with california's issues. >> reporter: about 5 b $1,000 a $100,000 a ticket spent a few hours with the president under tense and heavy security. >> the president was charming, personable, funny, warm. the crowd loved him. >> the energy was palpable. people were contning themselves. >> reporter: leading up to the fund-raiser dozens lined alpine road showing they weren't thrilled about the president's visit. >> obviously the majority of people here in the bay area do not support the president, but those who do are quite suppo support

.>> reporter: the south bay labor council joined by silicon valley rising and other affordable housing activists has singled out non-projects in the downtown area eligible for the the reduction. the community groups said the city is giving up $67 million in fees that would have gone to affordable housing and transportation improvements. >>> what does the city get in return? no affordable housing. no money for transportation and traffic infrastructure. and no good quality jobs.>> reporter: the south bay labor council set the fee reductions want to donors of mayor's election campaign. >>> it is time to end the corrupt pay to play culture in the city of san jose. and get a better deal for san jose taxpayers.>> silicon valley has some of the highest construction cost in the country.>> reporter: formerly known as the chamber of commerce they say affordable housing impact fees into profit margins. >>> developers are looking for a 5% number profit margin. without that profit margin the capital markets don't invest in projects. in fact they will take their project somewhere else.>> reporter: t

it's difficult to understand because in silicon valley nothing while this anymore.'m a friend who works for high companies and i work for door --dash and you almost have this kind of four players that have the peoples market fair share. we were the first and la. it gave people a superpower. people who have very limited time musicians and entertainers discover this almost five or six years ago. they started talking about it. creative people started writing it in their music. i think that's what helped. i'm afraid to say it wasn't me that made it cool but it really has an iconic status. if you want to have something delivered, usa regardless of what service you use. bastian. amy: you become a verb. speaking of california, how many of you are familiar it's ab socket. the bill at coming up. there at one. this would reclassify independent and contractors as employees. how many contractors do you have currently. bastian: around 400 thoughts a and. amy: what at the do for your business model. bastian: i think the right way to look at this at to understand what it does to t

this is a huge interest in silicon valley.talking about what you pay attention to, you do not lead with that. why? >> autonomous vehicles i think are little more complicated. when we think about the aviation issue, for example, the way the faa likes to couch regulation is we think about the airmen, the airspace and the aircraft. and we have to come up with rules that address all three of those things. and in the autonomous vehicle space, so, with aviation it is all controlled by the faa, so it makes it relatively easy for them. in the autonomous vehicle space, some elements are controlled by different state and local entities. airmen, drivers licenses for operators are issued by the states. federal motor vehicle safety standards. then the airspace, which equates to roads, different players there. state, local, and federal. so, i think it is a little bit more complicated. and for that reason i think we need to do a little bit more research before we just integrate automated vehicles into our road systems, much like what we are

there may be broader implications the saga is a reality check for the growth in silicon valley we're trying to figure out if this is a unique situation with this guy you're saying people are snapping to attention. >> there's just weak demand. these huge companies that have stayed private for a decade have been a reality check for silicon valley that business model isn't working. investors were saying it's shifting the conversation in boardrooms they are saying we need focus on economic metmetrics, cash flow instead of users >> who would have thought. >> you're kind of seeing this shift. they are saying all right. it might be time to look for those safe r names r names. >> it really is a perfect case study of behavioral finance where you look at herding mentality of these firms. it was a safe bet that you keep putting your mind behind everything would be okay now we're starting to see a reckoning of that mentality. this idea maybe it would have been better if you look under the hood a bit rather than just piled into these what happens if we said we're better off with private company.

a silicone ball into the empty socket to stop the pain that also in his blind eye is causing him. sorry for something so very sorry this is painful because of his blindness paul has never seen his young son in the same way. my love my mom or my son the last one i do. i don't know you so what 10 miles i'm going to hear and. i'm getting in my ear whether more i'm looking for a. camera doing what's called the restoration. basically or move the corner and put in a silicone ball to keep some volume to the orbit they closed. on the ice block so we've offered to. give him a final solution and to leave us russian right now i'm just cutting rather content . to work with the things we think. are like life in the world of a 6 poster so i'm a different condition all. right so that's. where we've put the silicone bowl in our now we're just going to close up we're going to close a square on the country when we're done. really well there are a lot of problems like complications to the success of this russian. i should revise polish it should go on tomorrow she. lose. the doctors at st johns i ac

you are in the offices of your firm, elevation partners, on sand hill road in the heart of silicon valley. he comes to see you. set the scene. [mcnamee] so imagine, i'm 50 years old. i've been in the tech world half of my life. my entirprofessional life -- [smith] you've met people like him before, right? [mcnamee] i had been very close to steve jobs, to bill gates, to gordon moore. so aic of the legends of s valley cause i got there before the pc industry really happened. so i got to grow up with all of them. [smith] right, your contemporaries. [mcnamee] exactly,frnd so, these were mnds and by the time i was introduced to mark, it was because he was facing a crisis and he needed to talk to somebody who was really exped and not conflicted. [smith] right now by crisis, we mean yahoo! wanted to buy facebook for a billion dollars. [mcnameed not know that-- [smith] yeah, it's a hell of a crisis by the way, i wish i had such a crisis. [mcnamee] well texactly. but you haremember, the company had essentially no revenues and he had, in my opinion,est idea i'd seen since google. even though itas j

i live in silicon valley. i had to make an effort to be here and quietly show my work. >> reporter: trump supporer kennedy camacho didn't have a ticket but came anyway calling it a once-in-a-lifetime opportunity. >> it's about supporting what you believe and what you stand for, and that's the beauty of this country. we're able to stand for what we believe in. >> reporter: republican strategist. >> obviously the majority of people here in the bay area do not support the president. those who do are quite supportive in part because of that bunker mentality that comes from being in a place where the president and republicans and conservatives don't have that much support. >> reporter: politics aside, others stopped by this afternoon hoping to catch a glimpse of the president. >> it's not every day you get a president or presidential candidate in the area, it's a small community. i was in the area and figured i would stop in and see what was going on. >> reporter: the president now heading to beverly hills for anot

pull surgery dory will be removing his eyes and inserting a silicone ball into the empty socket to stop the pain that also in his blind eye is causing him. sorry for something so very sorry this is painful because of his blindness paul has never seen his young son he has. my love my mom or my son the last one i do. i don't know you so what 10 miles i'm going to hear and. i'm getting in my ear whether more i'm looking for a. camera doing what's called me restoration. basically or move the corner and put in a silicon ball to have some volume to the hole that they closed. on the ice block 3 opted to go to the very final solution and deliver suresh right now i'm just cutting rather content tava. the work we do here the things we think. are like life or world of a 6 poster so i'm a different condition all. right so that's. where we put the silicon wall in our now we're just going to close up we're going to close the sclera in the country when we're done. really well there are a lot of problems like complications due to the success of this russian. i should be filing polish it should go on to

i don't want to say we are a suburb of silicon valley, but we are certainly affected by silicon valleymaybe 40,000 people from my district commute to the bay area for my job -- for their jobs. not all those are tech, but quite a few are. it is a long, hard slog. peoplere is a number of who work in the tech sector who lived in my district. the conversation is john hindle of politico. john: ask for having me, peter. congressman, antitrust talk has become part of the 2020 campaign. elizabeth warren has made that a part of her platform. is that summoning -- is that something candidates should be more careful about, it sounds like they were reluctant to go forth with a message about breaking up the companies. how do you view that now? rep. mcnerny: it is a niche issue to talk about, but if you look at the details and look at all possible ways to manage these companies, they clearly have run off the rails in some instances, i would be glad to talk about those with you but it might be better to talk about how to contain those with regulation then with actually breaking the companies up. the t

america innovated so many different things of silicon valley. we are at the edge of another kind of technology frontier. this time around it's not in san francisco, it's happening in africa. during the same condition but recent date of her kind of technology innovation. one of the most interesting things, that you do not even understand the power until you travel. so last summer, i went on vacation with my family to kenya and we arrived at the airport and immediately at the airport we went and i got access on my phone. i went to my phone and looked at the app and was very surprised that i was being offered some limited amount of financial services immediately. the system had decided that there was enough data to offer me the service. i was rather intrigued and i took my phone, called uber and they took me too where i was going and delivery services to get food to the house and i did this with the same technology that i'm used to in san francisco. what struck me was we then went with my friend which is on the board of teens only appeared to get t

in silicon valley, nothing wiles wows us. you almost have this, four players with the old market share. we were the first in los angeles. a superpower. people that have very limited time, musicians, entertainers discovered the app. now five or six years ago. they thought it does tremendous things. they started talking about it. creative people started writing about it in movie scripts, and tv series, and movies. that helps. i'm afraid to say that it was not me that made it cool. but it really has an iconic status in l.a. in l.a., if you want to have something delivered, you will say to postmates it regardless of what service you use. >> you have become a verb. so i want to go to you guys for questions. please be king of some. thinking of some. speaking of california, how many of you are familiar with the ab5?that is coming up, bastian: there is one. >> this would potentially reclassify independent contractors as employees. how many contractors do you have currently? bastian: i think it is around 400,000. >> what does that do

. >>> plus the plea pope francis is making to top silicon valley leaders. >>> and honoring a baseball legend. a san francisco giants manager and giant himself, bruce bochy, retires. the juul record. they took $12.8 billion from big tobacco. juul marketed mango, mint, and menthol flavors, addicting kids to nicotine. five million kids now using e-cigarettes. the fda said juul ignored the law with misleading health claims. now juul is pushing prop c, to overturn san francisco's e-cigarette protections. say no to juul, no to big tobacco, no to prop c. >>> we have some breaking news right now. health officials say their investigation into a recent outbreak of severe vaping-related illness is increasingly focused on products that contain thc. the cdc most people who got sick either vaped thc, the ingredient that produces a high in marijuana, or they used it in some way. a new study published by the cdc found two-thirds who got sick in illinois and wisconsin say they vaped fr ed prefilled cartridge. 13 deaths are reported from 10 different states attributed to vaping. >>> happening today, pr

this is silicon valley, not too bad pia 7:20, it's pretty nice today. >> silicon valley does not wakeed on your map. >>> we at temperatures that went way up here to way down here in two days. from wednesday and today, yesterday was a transition it. san francisco mother was 77. today was 90. wednesday was as record-setting 94 . yesterday was 77. that was the warmest temps and the city. and that a bunch of them, and there is a bunch of 72, 73s, but 77 was the warmest. there were others a good few degrees cooler than that. 71 santa rosa, oakland 72, livermore and san jose. on wednesday, temperatures were up in the 90s or 100s, and you can see how far we've gone from wednesday's highs to friday's highs. 60 zillow 76 in concord from 99 two days ago 270. friday drizzle, although it does seem to be lighting up, a big fog. it's made it all the way to the sacramento valley. any rent for us? i think our best opportunity will be sunday into monday. there will be sierra snow baby down the 5,500 feet, and the leading edge of us at the beginning to make its presence felt for the entire west coast,

basically, i do want to say where a suburb of silicon valley that we are affected by silicon valley. maybe about 40,000 people from my district commute over to the bay area for the jobs. not all of those protect but quite a few are. it's a long, hard slog so i don't envy the people have to do that. i have to go back and forth to washington but there is a number of people who work in the tech sector who live in my district. >> host: joining our conversation today is john hendel of political. >> thanks for having me. given some of the antitrust talk, that's become part of the 2020 campaign. elizabeth warren talked about breaking up the companies more proactively, made that a big part of her platform. do you think that something the candidate should be more careful about? it sounds like there were reluctant to go forth with the message breaking of the companies. how do you do that now? >> guest: it may be a popular issue to talk about, but if you look at the details of what it's going to take and who's going to be affected by it, it's important to look at all possible ways to manage the

>> to make friends look at all the friends they have in silicon valley. >> after the lawsuit i'm waitingo be invited on the facebook supreme court john, you and i could serve. it would be great. >> life turns? >> first ultimately they decided against buying this was the thought at the time how could they co-exist. >> bob igor is a wise man. it would have been such a bad brand misfire for disney and he would have had his hands full. he's not someone who wants to get involved in that that was a smart move not to buy that company for sure. >> do you think this is priced in to two iter where it is now because i imagine if disney wouldn't buy them and imagine he's looking back and saying that was a good call, who would buy them at this point is there no takeout premium that this stock deserves based on the bad side of the good/bad balance and the platform? >> i don't know. sure, there's buyers there's lots of buyers google might consider it that was a problem too i remember having lunch with a google executive of who would buy twitter and they were like, we're not getting near that. that's so

dave lee, bbc news, in silicon valley. before we go, here isa silicon valley.. a group of 50 states and territories in the united states have lost an investigation into google's dominance of the online advertising market. let's have a quick look at the markets. us stocks ended flat overnight is increased expectations of stimulus from central banks around the world were offset by losses in technology and healthcare shares. it was a mixed bag where you had the dow jones shares. it was a mixed bag where you had the dowjones up but the nasdaq and the s&p 500 in negative territory. the nikkei is up by two fifths of 1%. he also by a fifth of a percent. currently a mixed and lacklustre movement in the asian markets today. thank you so much for investing your time with us. i'm rico hizon. sport today is coming up next. the top stories this hour: two former cricketers have been knighted in theresa may's resignation honours list. a second vote has been locked on a snap general election. continuing on the story, the speaker of the house of commonsjohn story, the speaker o

the subscription revenue, we are seeing many startups in silicon valley.0 million in subscriptions and fork over 15% to 30% to apple. that is a very real busy. it may be a slow burn, but it is the future of consumption. people don't have to make a decision to buy a product. they can subscribe. that leads to a lot of sampling. >> if apple bought a content maker -- if you think about the streaming services coming. you have disney. comcast is coming, as well. they own nbc universal. you have at&t launching their own streaming service. they own warner which harry potter, et cetera. you say what's the big content that apple owns? you go if they bought some of these media companies that are trading at like six times earnings which given apple is trading about 17 tiemds, at least you can make the argument we have interesting content that people might want to watch. right now they are doing one off deals with people like oprah that sounds great. >> this goes back to them having no audacious nature in them to buy things. pixar, marvel, i will take it all. star wars

this will be the first obama boulevard in silicon valley. >> milpitas had diversity like nobody else in the country did. we want to highlight that by making the entrance of that gateway into silicon valley obama boulevard. >> so, that's a warm welcome to an area which is very friendly territory for the former president. today he will be the featured speaking at an invitation only conference called the beginning of everything. it's focusing on innovations in big data. splunk has not said what they are paying him to be here. reporting live in san francisco, amy hollyfield, abc 7 news. >>> today democratic presidential candidate beto o'rourke will be in the bay area. he is planning to tour san quentin and record a podcast hosted by inmates. he held a campaign rally in l.a. yesterday and then toured a women's shelter. >>> the epa is expected to revoke california's authority to set its own auto mileage standards and emissions. california reached a deal with four automakers in july to reduce emissions by 3.7% every year starting with the 2022 model year. the trump administration says only

the silicone ball into the empty socket to stop the pain that also in his blind eye is causing him. sorry for something so very sorry this is painful because of his blindness paul has never seen his young son he has. my love my my oh my son the last one i do. i don't know you so what 10 miles i'm going to hear and. i'm getting in my ear whether more i'm looking for a. camera doing what's called a restoration. basically or move the corner and put in a silicon bowl to keep some volume to the orbit they closed. on the ice block 3 opted to. give him a final solution and delivers a rush right now just cutting rather content tava. the work we do here the things we think. are like life and world you've given us the exposed to so many different conditions. right so that's. where we put the silicone bowl in our now we're just going to close up we're going to close the sclera in the country when we're done. really well there are a lot of problems like complications due to the success of this russian. i should be filing polish it should go on tomorrow she. lose. the doctors at st john's i can

i don't want to say we are a suburb of silicon valley, but we are certainly affected by silicon valley. may be 40,000 people from my district commute over to the bay area for their jobs. not all of those are intact -- are tech, but quite a few of them are. it is a long, hard slog. i don't envy the people who have to do that. of course, i have to slog back and forth to washington. but there is a number of people who work in the tech sector who lived in my district. peter: joining our conversation ofay is john hendel politico. john: thanks for having me, peter. congressman, antitrust talk has become part of the 2020 campaign. elizabeth warren has talked about breaking up companies more proactively and made that a part of her platform. is that something candidates should be more careful about? it sounds like there was some reluctance to go forth with a message about breaking up the companies. entering that sphere, how do you view that now? peter: it -- rep. mcnerney: it may be a popular issue to talk about, but looking at the details of who is going to be affected, it is important to look