some silicon valley leaders are not too worried, yet. >> reporter: when an icon that built silicon valley decides to leave silicon valley. >> companies come and go. what is important is that we continue to build a pipeline of the next addition of builders who will create the amazing brands. >> reporter: he says when it comes to entrepreneurship and innovation, nothing beats silicon valley. but despite that, hewlett-packard is headed to houston. another tech company to break from silicon valley. the high cost of living and high taxes, he admit there is is room for reform but does not see it as a trend. >> what you think about is who is the team. where can i find the best talent. who are my investors that i can work with. where are the companies i can get advice from. >> situations like this are a wake up call. >> reporter: the ceo of the silicon valley leadership group, along with changes to tax policy it is critical to see investment in infrastructure if they want businesses to stay. >> allow our companies to keep and to preserve capital so they can reinvest and build and grow. >> two war

the title of your book, you point to silicon valley being destructive by design so how, we want to get to your recommendations, how is the design destructive to political life and even democratic life as a whole? >> it is a great question and a big one. we are all contending with it in society today especially as we come towards the next election but i think very broadly speaking the broad strokes of my argument are the companies like facebook have monopolized sectors, facebook, google, amazon, any sector of the consumer internet that we think of like social media for sure but online video, email, e-commerce, web based text messaging, all these are first of all very important sectors, very important markets economically speaking because there's a lot of economic activity that happens on them. they are new markets, but very important in our economy in 2020. one of these three companies has monopolized each of those sectors and through that monopoly they are extracting tremendous amounts of wealth, exploiting the rest of society by using their monopoly position to diminish quality of ser

some silicon valley leaders are not too worried, yet. >> reporter: when an icon that built silicon valley decides to leave silicon valley. >> companies come and go. what is important is that we continue to build a pipeline of the next addition of builders who will create the amazing brands. >> reporter: he says when it comes to entrepreneurship and innovation, nothing beats silicon valley. but despite that, hewlett-packard is headed to houston. another tech company to break from silicon valley. the high cost of living and high taxes, he admit there is is room for reform but does not see it as a trend. >> what you think about is who is the team. where can i find the best talent. who are my investors that i can work with. where are the companies i can get advice from. >> situations like this are a wake up call. >> reporter: the ceo of the silicon valley leadership group, along with changes to tax policy it is critical to see investment in infrastructure if they want businesses to stay. >> allow our companies to keep and to preserve capital so they can reinvest and build and grow. >> two war

of hewlett packard but we all know what silicon valley is now is that there's human feces all over the sidewalks because of these ultra social justice warrior sort of programs that are party to there and it's you know it's really horrible to go there if you've ever been you have to see it to believe it so they're fleeing for low tax texas right the smug and the restless the smug are leaving and the restless are living in the. coastal areas of smugness and the border is being rearranged all the pieces on the board silicon valley is being broken up wall streets being broken up all the old power centers are being rearranged the fracturing rearranging so it's on one hand it's very healthy because the only thing missing is a total collapse of the dollar which is coming and then we get the restart you know reboot from scratch but i'm not too surprised and you know somebody else is fleeing high tax social justice for a. air nanny state new york city manhattan were all of those condescending people who are telling you to trust the experts and the experts are now telling you that there's aliens

bad it gets for silicon valley.tical thought -- jackie: why do you say that. if enough companies leave, silicon valley won't be silicon valley not at least as we know isn't. >> i totally get it but there is a volume gain. there are prominent companies moving to austin. some are old silicon valley companies. there are prominent venture capitalists, there is a good university there. for everyone ever those there is 100 startups, 100 megacap, sorry, a big important handful of megacap companies in silicon valley. there is stanford, berkeley and so on. i think the volume is too great. it will look bad for a while but it would take years to erode that lead. jackie: we'll be watching closely, adam. it is really interesting to see how this all plays out. we were talking a little bit earlier on a previous show how you see people, not just companies fleeing blue states. they're heading to red states because of quality of life. because there is no income tax in certain cases yet taking their blue votes with them to the red sta

: when an icon that built silicon valley decides to leave silicon valley it may not be that big of aeal. >> companies come and go. what is important is that we continue to build a pipeline of the next addition of builders who will create the amazing brands. >> reporter: he's the chairman of the entrepreneurship task force, and says when it comes to entrepreneurship and innovation, nothing beats silicon valley. but despite that, hewlett-packard is headed to houston. another tech company to break from silicon valley. many cite the high cost of living and taxes. he admits there is room for reform but he doesn't see this as a trend. >> what you think about is who is the team. where can i find the best talent. who are my investors that i can work with. where are the companies i can get advice from. >> situations like this are a wake up call. >> reporter: ahmad thomas is the ceo of the silicon valley leadership group, along with changes to tax policy it is critical to see investment in infrastructure like transportation and affordable housing if they want businesses to stay. >> allow our c

and silicon valley basically, you know, blew 'em off.'s time for silicon valley to probably do a little bit of reputation restoration, shall we say, and work with government. even take the lead in some of this. but the second thing is, you know, people say, oh, this is an act of war, we need to go to war with russia over this. so far it's only a bunch of e-mails, nothing classified. but it begs the point because, liz, we don't have -- we don't have a red line. what is an act of war in the cyber world? the war of the future is not going to be the, you know, aircraft carriers in the pacific or wars of terrorism or even land wars in europe. it's going to be cyber wars, and that's what we're so unprepared for. elizabeth: yeah. and, you know, you make a great point too about how we've been here before. russia hacked nasa and the pentagon in the '90s, they took enough documents or looked at enough documents that would be triple the size of the washington monument with. russia hacked in 2014 the state department, hacked the democrat e-mails in

. >> host: question for both of you, is the geographical area of silicon valley important, indispensableo what youo? >> guest: it is one of many indispensable areas and certainly the culture and i come out of silicon valley culture but at this point, you know, it's a fraction while less than half our employees or so in silicon valley so it's super important to what we do but about two thirds of our spending is on content so we have a majority of u.s. employees in hollywood so we are really an entertainment company that of course like all modern companies are tech powered and disney is coming at it from the other side which is super entertainment and they are pretty good so they have pixar and animation and now they have disney plus so i think we are all the entertainment companies are getting tech confused. >> host: erin meyer. >> yeah, i will add to that. when i started working with netflix they were justetting ready to receive enormous international expansion wch was incredible to me becau i was studying internaonal differences and i 2016 we were moving all over the world so one of the

but that's the behavior of some of the founders in silicon valley that buy into this stay private inkminute you start giving stock to your employees, you are in the game and your job is to maximize shareholder value for investors and employees. if you don't want to keep raising your game, sell your company or consider hiring a ceo that is. that's my point of view. emily: that was bill gurley, benchmark capital general partner. coming up, spac's became all the rage as an alternative to the traditional ipo. we will talk to one of the non-traditionalist, the cofounder of open-door, next. this is bloomberg. ♪ - i sent your new prescription to the pharmacy. - any idea how much it will cost? - you have a choice. insurance or goodrx. - i have insurance. - insurance is not what it used to be. people struggle to get their prescription covered and prices keep rising. i recommend goodrx. you get free coupons to save on your prescriptions. - [narrator] compare prices to get the best discounts. - goodrx, smart. - [narrator] stop paying too much for your prescriptions. download the free app today.

coastal areas of smugness and the board is being rearranged all the pieces on the board silicon valley is being broken up wall street is being broken up all the old power centers are being rearranged fracturing rearranging so it's on one hand it's very healthy because the only thing missing is a total collapse of the dollar which is coming and then we get the restart you know reboot from scratch but i'm not too surprised and you know somebody else is fleeing high tax social justice for air nanny state new york city manhattan were all of those condescending people who are telling you to trust the experts and the experts are now telling you that there's aliens amongst us one of the big names in manhattan of course is goldman sachs and they've been there for well over 100 years goldman sachs plots florida base for asset management in a blow to new york the banks success in operating remotely during the pandemic has persuaded members of the leadership team that they can move more rolls out of new york area to save money remember this. this guy from the israeli space force talking about the

as is elon musk entrepreneur. >> haven't left silicon valley.continuing to employ and innovate in silicon valley. it is important to recognize that aspect. >> the silicon valley leadership group says lower housing and better transportation and implementing a more competitive tax structure will keep the region in the lead. >> we have a unique blend of world-class universities and ample capitol and attract immigrants all over the world at a rate higher than any region. >> sand hill road and the entire venture community is strong here and i think we will -- the area will remain an area of renovation. >> writing about everything on silicon valley for 40 years. >> for various reasons, taxes and finances, they have chosen to move the headquarters. >> when the detroit base u.s. auto industry creating the advanced research centers for vehicle applications it showed silicon valley scene of the tech talent. >> i don't think it matters where the ceo sits but where are the jobs. >> when headquarters staff moved to texas the cost of housing is one-third of b

theyde have silicon valley in their back pocket or vice versa. what's most shocking is how these corporations are salivating over biden. "new york times" reported that nike and coca-cola lobby against this forced chinese labor bill. and the legislation was called the prevention act -- it's been the target of multinational corporations. including the u.s. chamber of commerce. victor, you and i have been exposing them for years. this year they supported a numberth of democrat candidates. what's behind this? >> well, the chinese are brilliant propagandist. they have labeled this -- the chinese have labeled this infusion into american corporate culture as something that is cool. what you just said, or what i just said, i will get an email tomorrow from someone saying i am racist because all of our suspicions of -- it's based on race, class, issue. they have this brand that is cool. youu can see it in hollywood where it is been corrupted. you can see it in professional sports. you can see it on very liberal silicon valley where guys with flip-flops an

silicon atoms have full electrons in the outer shell and are stable but then the silicon is split into 2 layers. los reyes is mixed into one layer it has 5 electrons in its outer shell one too many which can orbit for. the 2nd layer is mixed with boron which has only 3 out electrons one to feel. that means the layer has gaps which attract the excess phosphorus electrons this creates a flow of negatively charged electrons from one line to the other one day lose. says electrons and becomes positive the other gains electrons and becomes negative creating 2 poles eventually all the gaps on the surface of the les is occupied the whole and the electrons are now to flora pont to migrate. with the sun comes in when some light hits the surface layer energy splits off one electron making a hole and is so close election. the electron is attracted to the positive and the home goes another electron from the other down to replace the one longs which in turn is split off and so on. the electrons which of the right at the positive pole return via one head to the negative call that's an electric curren

silicon atoms have full electrons in their outer shell and are stable but then the silicon is split into 2 layers. bosphorus is mixed into one leg it has 5 electrons in its outer shell one too many which can orbit freeney. the 2nd layer is mixed with boron which has only 3 out electrons one to feel. that means the layer has gaps which attract the excess phosphorus electrons this creates a flow of negatively charged electrons from one layer to the other one layer you. uses electrons and becomes positive the other gains electrons and becomes negative creating to. eventually all the gaps on the surface of the layers are occupied the whole and the electrons are now to flora plant to migrate them with the sun comes in when some light hits the surface like energy splits off one electron making a hold on to so close election. the electron is attracted to the positive and the home goes another electron from lower down to replace the one longs which in turn is split off and so i want. the electrons which of the arrived at the positive pole return via one head to the negative call that's an electr

silicon atoms have full electrons in the outer shell and are stable but then the silicon is split into 2 layers. bosphorus is mixed into one like it has value electrons in its outer shell one too many which can orbit free. the 2nd layer is mixed with go wrong which has only 3 out electrons one to feel. that means the layer has gaps which attract the excess phosphorus electrons this creates a flow of negatively charged electrons from one layer to the other one layer loses electrons and becomes positive the other gains electrons and becomes negative creating 2 poles eventually all the gaps on the surface. of the layers occupied the holes and the electrons are now too far apart to migrate them with the sun comes up when some light hits the surface layer energy splits off one electron making a hole under so close election. the electron is attracted to the positive and the hole goes another electron from another down to replace the one longs which in turn is split off inside. the electrons which of the arrived at the positive pole return via wire to the negative call that's an electric curr

silicon atoms have full electrons in their counters shell and are stable but then the silicon is split into 2 layers. bosphorus is mixed into one like it has 5 electrons in its outer shell one too many which can orbit for. the 2nd layer is mixed with boron which has only 3 out electrons one to feel. that means the layer has gaps which attract the excess phosphorus electrons this creates a flow of negatively charged electrons from one layer to the other one layer loses electrons and becomes positive the other gains electrons and becomes negative creating 2 poles eventually all the gaps on the surface of. occupied the holes and the electrons are now too far apart to migrate with the sun comes in when some light hits the surface layer splits off one electron making a hold on the soap and select. the electron is attracted to the positive and the hole goes another electron from another down to replace the one longs which in turn is split off and so on. the electrons which have arrived at the positive return via one head to the negative call that's an electric current. and it flows as long a

walter, thanks as always >>> still to come, hp enterprise is the latest tech company to leave silicony, relocating headquarters to houston, texas the ceo is going to join us mpy'rnively on the big move, the coans eaings and a lot more don't go away. position in what's called inference chips. the announcement today is about the training chips, one of the faster growing aspects of ai overall. so we expect this is going to be a large market and this is an extension of our abilities to play a more important role throughout the entire global infrastructure, and obviously being part of aws is a big deal for us. >> that was intel ceo, bob swan, last hour in "squawk on the street." joining us the ber steen semiconductor analyst. that's bob swan talking about intel's partnership on training chips with aws, but at the same time aws announced tranium, which is coming out a little bit after this intel chip, in which aws says is better it sets up this interesting situation we're seeing across the industry where chipmakers are having to compete with their customers, right >> sure. i mean, look, in

another company fleeing silicon valley.as much to do with ideology than taxes and regulation. we'll explain with a very special guest next new projects means new project managers. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. claim your seventy five dollar credit, when you post your first job at indeed.com/home. resso to help you remembermber commthat liberty mutualgia. customizes your home insurance, here's one that'll really take you back. wow! what'd you get, ryan? it's customized home insurance from liberty mutual!!! what does it do bud? it customizes our home insurance so we only pay for what we need! and what did you get, mike? i got a bike. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ charles: tech companies leaving california in droves. oracle joining that parade along with hewlett-packard. of course we know tesla's ceo elon musk moving to texas. oracle says that the move is not to for

. ♪ ♪ >> neil: all right, another big company from silicon valley is saying good-bye to silicon valleytt packard enterprises is going to move a lot of the operations to houston, texas. the mayor of san jose has been doing his best to stop this sort of thing. it's happening yet again. mayor, good to have you. what do you make of this? now, it looks like reading hewlett packard's comments on this, it's not abandoning your area, but it's cutting down its presence in your area. does it alarm you? >> well, certainly it's a wakeup call for all of us, neil. and the good news is here in the city of san jose, we're adding hundreds of employees because they're consolidating operations here from silicon valley and my city. we're seeing headquarters move be. this is a story we've seen before. that certainly for the kind of talent that you really need to find in silicon valley, the highly specialized around artificial intelligence or engineering or software, you'll find it in silicon valley and the folks that want to locate here. but if you're looking to expand operations for accountants or lawyers

emily: coming up, a gender discrimination lawsuit rocks silicon valley.he former ceo of pinterest says she plans to take her case all the way to trial. she will tell us why next. ♪ are you frustrated with your weight and health? it's time for aerotrainer, a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time, all while maintaining safe, correct form and allows for over 20 exercises. do the aerotrainer super crunch. the pre-stretch works your abs even harder, engaging the entire core. then it's the back extension, super rock, and lower back traction stretch to take the pressure off your spine and stretch muscles. planks are the ultimate total body exercise. build your upper body with pushups. work your lower body with the aerosquat. the aerotrainer is tested to support over 500 pounds. it inflates and deflates in less than 30 seconds using the electric pump. head to aerotrainer.com now. now it's your turn to lose weight, look

tonight voices of silicon valley will hold a virtual concert to remember the victims. it starts at 6:00 on the company's youtube channel.>>> looking live at the white house right now, president trump just released a video doubling down on the false accusations about voter fraud. claims that his own attorney general has shot down. meantime and skyler henry reports from wilmington delaware, the president elect is doubling down on the pandemic.>> reporter: good evening to you, that's right. he's focused on the economy, sitting down for a virtual discussion today with members of the small business community as well as workers that they they've been struggling because of the coronavirus pandemic. as you mentioned president trump is still contesting these election results. president-elect joe biden is keeping his transition team focused on the pandemic. today he took part in a virtual roundtable of small business owners. members of the incoming biden administration say they need to take urgent action to stabilize the economy. currently more than 10 million people are out of

employees flee san francisco and silicon valley we've reported on oracle we reported on tesla leaving also schwab is leaving they've abandoned it and moved to texas as well we saw macy's which has apparently you know they're pretty big online they had all they had over a 1000 employees in san francisco and they've just fired them on they're moving everything to atlanta so they're all abandoning the the like pure essence and embodiment of rachel maddow they're benton and they're saying this is not like we're somewhere we want to live so that is like the reality of her vision versus where they're going where they're fleeing to are the likes of i told you so they're fleeing to austin for the most part and that is like the center of the big question world at the moment so they're going to a place with honest money honest people hard people and you know i told you so they don't want to have fun staying poor in piles of human despair and. san francisco it won't go broke you know that's the fact and we know very well having been to san francisco we declined invitations to go to san francisco

they are still operating here in silicon valley.hat. >> lower housing costs and better transportation and implementing a more competitive tax structure will keep the region in the lead. >> we had a very unique blend of world-class universities and ample venture capitol and we attract immigrants from all over the world at a rate higher than any region. >> sand hill road and the entire venture community is still strong here. and i think the area will remain a hub of innovation. >> this man has been writing on silicon valley for 40 years. >> for various reasons they have chose to leave. >> when there was advance centers for vehicle applications it chose silicon valley. seat of the best and brightest tech talent. >> i don't think it matters where the ceo sits but where are the jobs and both hp and oracle will remain in the valley as employers. >> but when headquarters moved to texas the cost of housing is one-third of bay area prices and the absence of a state personal income tax amounts to 13.3% raises for top earners. >> companies go

how's silicon valley dealing with the vacancies there, scott?reporter: well, you know, shep, it's not so new that texas takes away, steals away california companies, but the pace is clearly picking up, and it's the names that are going. behind me is oracle, the glass towers of oracle, sort of an iconic sight in silicon valley making business software here, they were founded 34 years ago in california, but it's not the headquarters anymore as of this month, the headquarters is in austin, texas. yeah, that's got to hurt this place has been synonymous with technology almost since william hewlet and david packard started their electronics business in a palo alto garage in the '30s. now a spinoff of that very company, hewlett-packard enterprise, is moving its headquarters out of california to texas, 1 of 15 companies moving their headquarters there from california in 2020, according to one texas economic development group. that's up 36% from last year, including some household names other california companies are expanding in texas in a pandemic, whe

silicon wafer and the next generation computer chip takes. this for 20 years it's a great feeling to hold the gadget in your hand with an easy you reach chip inside and to know that we have developed the technology that made this kind of chip possible. the trio of scientists was awarded the christie just german future prize for their innovation that technology is already in use the latest smartphones carry chips fashioned with extreme ultraviolet light it's just one more confirmation of moore's law which says the number of transistors that fit on the chip doubles every 2 years it's. told in the 20 teens people started saying that the limits of moore's law would be reached. and be possible to go any further. with. technology we now have the technology with which we can continue pushing moore's law over the next 10 years. telling. one valuable commodity used in modern electronics is gold it's a highly efficient conductor that doesn't rust and hardly reacts that all other elements. in estimated 200000 tons of gold have been mined to date. the se

and this equipment gives the merest glass surface extremely thin coatings of silicon and molybdenum. they're only a few atoms thick but the research is apply as many as 100 layers why is the house . if the mirrors. it is too thick then it will absorb too much of the light. this is but it's still a huge struggle to get good reflection using layers. should. theoretically the maximum reflectivity 75 percent as far as i know. this was. in practice around 70 percent. reflectivity is a measure of performance and 70 percent is a great value. the magic lies in constructive interference which works like this and a. part of it is reflected from the rest penetrates the top layer to reach the next more mist reflected the rest penetrates to the next layer and so on if the layers all have the correct thickness the reflected light is. now the light reflected from the reaches the silicon wafer and the next generation computer chip take shape. for 20 years it's a great feeling to hold the gadget in your hand with an e.u. reach chip inside and to know that we help develop the technology that made this

and this equipment gives the merest glass surface extremely thin coatings of silicon and molybdenum. they're only a few atoms thick but the research is a. as many as a 100 layers why is it. if the mirrors coating is too thick then it will absorb too much of the light. this is but it's still a huge struggle to get good reflection using layers. should. theoretically the maximum reflectivity 75 percent as far as i know. in. reflectivity is a measure of performance and 70 percent is a great value. the magic lies in constructive interference which works like this and. part of it is reflected from the rest penetrates the top layer to reach the next. reflected the rest penetrates to the next layer and so on if the layers all have the correct thickness the reflected light is. now the light reflected from the reaches the silicon and the next generation computer chip take shape. so. for 20 years it's a great feeling to hold a gadget in your hand with an e.u. reach chip inside and to know that we helped develop the technology that made this kind of chip possible. the trio of scientists was awar

reflected from the reaches the silicon and the next generation computer chip take shape. for 20 years it's a great feeling to hold a gadget in your hand with an e.u. reach ip inside and to know that we hope develop the technology that made this kind of chip possible. the trio of scientists was awarded the christie just german future prize for the innovation that technology is already in use the latest smartphones carry chips fashioned with extreme ultraviolet light it's just one more confirmation of more says the number of transistors that fit on a chip doubles every 2 years it's. told in the 20 teens people started saying that the limits of moore's law would be reached. and possible to go any further. with. technology we now have the technology with which we can continue pushing moore's law over the next 10 years. big belly. one valuable commodity used in modern electronics is gold it's a highly efficient conductor that doesn't rust and hardly react at all with other elements. an estimated 200000 tons of gold have been mined to date. the search for gold has led to bloody

she broken to silicon valley in 1988 and has enjoyed success in a fast-paced tech world.ing managing partner and the company regulated by the managing authority of singapore. soo boon, give us an idea of how things have changed from 1988 when he went to silicon valley and went through their. have a lot changed from an equality perspective? soo boon: when i started in silicon valley in 1988, i was a double minority, both in asia and a woman. .ilicon valley is very club-ish fortunately i was representing singapore technology, so i was in a position to mock on the door and talk to them. i find that, at that time, i never thought of myself as a woman. i just thought that i am a professional and i am just trying to do business there and venture.t a capital it was started by me in 1988. and i worked from there. obviously silicon valley at that time, because i was investing in circuit area of, most of the engineers were men. it was coming through with internet and media. increasingly we see more women in the tech world, then increasingly there are some late --omen who got up upg

. >>> a silicon valley energy company is expanding covid test lab capacity in hopes it can speed up the return of businesses and get schools back to normal.

to houston from silicon valley.s is a big deal and i figure goes to the heart of california's contempt for business, their high taxes, regulations, lawsuits, all of the flip-flopping back-and-forth over covid-19. if you are business leader in california why would you stay. >> a lot of people asking that question. listen to what the mayor of san jose has to say about this? >> it is a wake-up call for all of us. we know there's a lot else going on, taxes and regulation, a lot of issues, we just need to be very cognizant in california, taking it for granted for too long. jillian: is it business owners, politicians, residents, what will be done? >> it is all 3. the situation in california from top to bottom it is controlled by left-wing democrats and they talk to each other, get ideas from each other, give ideas to the rest of the country who in some cases follow them. we have a problem in austin, texas for example. fortunately so far business leaders have options. in the case of moving california to texas businesses sa