our silicon valley reporter, robin mcelhatton, explains. >> reporter: there are more workers on silicon valley roads looking for jobs than in many other parts of the country. the valley's unemployment rate is considerably higher than the national number. in san jose, almost 10.5% of the workforce is without a job, bu there are signs that hiring is slowly picking up. high tech companies, especially google, facebook and ebay, have hundreds of job openings. yet some say they can't find enough skilled workers. >> there's definitely a talent war going on in silicon valley today. >> reporter: dion lim runs simplyhired.com, one of the nation's largest job search engines. he says engineers and programmers are in short supply and high demand. that's because not enough american students are interested in math and science, and u.s. immigration policy caps the number of foreign workers. >> in silicon valley right now there are about 40,000 to 50,000 engineers, computer software engineers and programmers. simplyhired.com has 16,000 job listings for those positions. so, for every three engineers who

stanford is the technology titan in silicon valley.ow the west coast school wants to be live fromm new york. joining me is john henessey, presidenent of stanford university. good to have you on the program. >> glad to be here. >> thanks for joining us. you aring in new york in support of stanford's proposal l to bui an engineering school in new york city, specifically on roosevelt island on the east river. why new york? >> we think new york is the place where we can attract great talent, great faculty, great students. in thehe end, creating an invation center, innovation hub, is about getting great people. i think new york is the place they want to come. they come to silicon valley for certain things but new york has its own setof attractions. >> there aren't many jobs in science, engineering in new york. will jobs follow if an institution like yours comes to new york and is built? do you think the m moneynd jobs come next? >> i think they go together hand in hand. you look at the history of stanford. it was ted tournin who got hewlett

the visit to silicon valley is an important one for the president, especially after another company he once touted, sol linda is now belly up. nbc bay area scott budman is in mountain view with the very latest. >> good morning. the big move of the day for the president, come back to the stronghold here in silicon valley where he has gotten so much love and let's be honest, money in the past. the president reeling when it comes to jobs because of what happened at solyndra. the fremont solar company that went bankrupt and put 1100 people back on the street. so, what does the president do? he comes back here to silicon valley to try to make amends an an event inside sponsored by the job creation website linkedin, the president expected to really talk about technology and the importance of using it to step up your networking and get jobs. strangely enough this is the the one area where that message suspect are really all that necessary. the rest of the country struggling to create jobs. here in silicon valley, we have thousands of them from the likes of linkedin, not to mention google, fac

you know no start of stone succeed if you look at silicon valley only ten percent or so of the ideas that get funded really get into the marketplace so you can expect every idea to be successful but there's there's an immense amount of research activity here in russia and you have brilliant engineers or when i was it into we had a workforce in russia of about a thousand legionnaires repaired plastic but they are really top of the class in the world in terms of applied mathematics and computer algorithms there's a huge opportunity to take their talent and turn that into products he said commercialisation. of the wonderful talents engineering scientific talent that's we have in russia most of the russians would say that the main problem that we having today with russian engineering russian doctors russian engineers is commercialization that this is evil is it evil i know it's well most people with us and what they want in life they say i want a good education for my children. i want a growing economy i want to good paying job and i want to nice environment to live it no matter where i

this is a prime example of just how quickly things can change in silicon valley. just one year ago, this was considered a high-flying company. certainly one of the top companies when it came to solar power. but just a year later now, that building is empty and the only people left are the security guard. one by one employees of solyndra corporation walked out of the company's fremont headquarters and carried box from cleaning out their desks. others held large envelopes notifying them that the solar energy equipment company was bankrupts, shutting down and laying everyone off. >> it was a surprise that it was 100% layoff. >> reporter: 1,000 employees are jobless in one of the largest mass layoffs in recent silicon valley history. >> history. >> warning would have been nice. >> yesterday being shown the door -- >> reporter: the move sent shockwaves to the political and business world. a year ago president barack obama toured solyndra holding it up as the poster child for the clean energy future. the company received a loan guarantee by the u.s. deep of energy. >> e

. >> and meg whitman called in to rescue silicon valley giant. >> all coming up later on "nightline". >> coming up next on "nightline"with. mass fires and even suicide what is going on inside the popular real housewives franchise. plus kids under 10 cage fighting in front of packed club crowd. la being for the line between 2 sports and ababababababababababb >> closed captioning brought to >> closed captioning brought to you by mancini sleepworld. you. >> terrified scream of 10 month old baby in san francisco startled the parents out of a deep sleep and sent them into a panic. it's leading to one consumer advocate calling for recall of popular baby sleep sack. michael has been looking into this and he is here with the feigned, >>reporter: the way the parents describe what it they heard that night from their child was not the normal screa scream. what happened, well, that wasn't normal as well. >>reporter: she wakes her son julian from a nap. the circumstances were his quite different from that freightful nature back in october last year. when her husband ran into julian room to see wha

. >> and meg whitman called in to rescue silicon valley giant. >> all coming up later on "nightline". >> coming up next on "nightline"with. mass fires and even suicide what is going on inside the popular real housewives franchise. plus kids under 10 cage fighting in front of packed club crowd. la being for the line between 2 front of packed club crowd. la being for the line between 2 sports and abuse that's on you. >> terrified scream of 10 month old baby in san francisco startled the parents out of a deep sleep and sent them into a panic. it's leading to one consumer advocate calling for recall of popular baby sleep sack. michael has been looking into this and he is here with the feigned, >>reporter: the way the parents describe what it they heard that night from their child was not the normal screa scream. what happened, well, that wasn't normal as well. >>reporter: she wakes her son julian from a nap. the circumstances were his quite different from that freightful nature back in october last year. when her husband ran into julian room to see what was wrong. >> as a parent you are u

silicon valley veteran hope she can manage a company with division operating as independent silo. >> h p has a lot of issues, you know, internally as well as if there has been a lot of leak in the company and sfom i don't think it's a good environment for her to go into. >>reporter: whitman recently has reemerge entered public after lasting her bid for california governor last year this week she announced 2 and a half dollar challenge grant for silicon valley charter school. >> whitman is more than former politician. what they are doing here is bringing in a very seasoned brand manager to deal with a very seriously damaged brand. >>reporter: in tapping her for ceo h p board shows insider studying the problems as board member for the past eight months. previous ceo pwrm hired from outside the company. >> if meg is the right person for the job that's graichlt i would fully support her if that but i just want to make sure that people are not making snap judgments. >>reporter: whitman new role at h p brings with it high stake. market valley of h p dropped in half under its previous ceo.

president obama is spending the night in san jose, after two fundraising events in silicon valley with high tech executives. but as don knapp tells us -- not everyone was excited to see him. don. obama in bay area knapp/moonan 9-25- 2011 don's lead: (air oakland police opened fire on amman during the cap by microsoft. why they say they were compelled to shoot. >> speechless. >> versus react after patient dies during an employee strike and lockout. what's being classified by police as the medical mistake. the nurses believe it happened. >> president obama is spending the night in san jose after two fund-raising events in silicon valley with high-tech executives. but, tom tells us that not everyone is excited to see him. >> the president hasn't returned to the hotel yet and we still assume he's out one of the two fundraisers he was attending earlier this evening. wind west at the home of sheryl sandberg, ceo of facebook, and she has the special guest. >>> we understand she paid her own way because she wanted to meet the president and his best bowling. but the president has been talking a

that includes a stop in silicon valley.ll attend a $500 per person fun raiser lunch at a private home in attar ton. he will attend fundraisers today in san diego county and pebble beach. he will not be appearing at the state republican convention in los angeles this weekend. four of his owe upon thes will be at the c even including michele bachmann who is the keynote speaker there. she attended bay area fundraisers yesterday. she told reporters in san rafael tea party activists are getting a bad rap. >> to state the notion that the tea party are right wing radical fringe, red, white and blue all the time and come down from the hills of appalachia. >> might be must be said as president she would repeal president barack obama's health care program, reinforcement federal tax code, and shrink the federal government. >>> it went down to the wire. the soft senate has avoided another partial shutdown of the faa. the senate yesterday beat the deadline to approve a stopgap transportation bill, so that extends the fa arc's operating

the silicon valley giant is suddenly looking for a new ceo.huang joins us from sunnyvale with reaction to the firing of carol bartz. >> reporter: good morning. now, bartz likened her situation to steve jobs's return to apple in 1997. he needed some time to turn that company around and i need time, too. the vast difference being that people did not feel she had the results to keep her around here at yahoo. she emailed staff yesterday telling them she had been fired over the phone by the board of directors and that she was the third ceo actually in four years at yahoo. she was criticized for her pay package which hit $39 million in 2009. her first year at yahoo. it dropped to just under $12 million last year following poor company performance. most recently yahoo had setbacks in its partnerships with microsoft and its search engine and with its investment in chinese ecommerce company ali bab ba. industry analysts say she was never the popular choice to become ceo. >> she didn't bring on board a team that was loyal to her and in reality, who woul

president obama is in the bay area, arriving an hour ago for two fundraisers in the silicon valley. don is near wood side which was the first stop. >> reporter: that's right, we're just outside of wood side, the president's plane air force one did land at moffat field about an hour ago. the plane came in, taxied up. the president came down the steps, there was a number of dignitaries at the bottom of the steps to shake hands, greet him, welcome him to the bay area, but when the president got in the motor dead and got up here on sand hill road he meta welcoming committee of a different nature. [ people chanting ] >> reporter: the president only got a fleeting glimpse of the protestors and he did not hear the shouts of "one term president" and"get the communist" out of the white house. he was on his way to woodside where he is to appear at a fund rates are tonight. he began his fundraising tour in the pacific northwest calling on the party faithful in seat to pressure their legislators to support hits $447 billion jobs bill. >> i don't want the newest airports the singapore and the fa

for many years, analysts say politicians used silicon valley as an atm.vibes on every political a -- with jobs on every political agenda, so much websites like linked in are part of it because it's useful. >> it's a useful tool. in the past, it was a chal remember to reach out to various people and to various communities you may not have access to. >> reaching out is the for reaching out to linked in on monday. >> it's a quick way to organize people and get them to the polls and voting and talking about individual candidates. candidate can win or lose in the social networking circles and that is getting stronger. >> reporter: there is some political one-upmanship going on and it will take place, the visit, at the same time as a live discussion of jobs at facebook headquarters with three top house republicans, including the majority leader eric cantor. and some leaders are delighted. it shows their influence crosses party lines. >> they have one thing in common: they know americaed ins to be more economically compet television and to create jobs for 22 mil

. >>> a silicon valley giant is making a rather unusual offer. facebook is actually offering to pay people to break into the social network. joe vazquez explains what is behind this invitation to hackers. >> reporter: keep your enemy's close, right? the biggest game in town, facebook. as such they say they are under constant attack so the thinking goes why not pay those attackers to show them their weaknesses. just youtube it and you'll find dodds of videos showing how hackers -- dozens of videos showing how hackers got into facebook illegally. now they are offering a bug bounty paying online hijackers some hard cash if a hacker can show facebook the bugs, you know the facebook site security vulnerability, he will get$5000 cash. >> they are doing this to protect the users and against the malicious hackers lime "anonymous." >> reporter: they have been protesting bart station. they are now promising to shut down facebook. >> if you are an activist or who wants to protect the freedom of information, then join the cause. >> reporter: when? some say n

innovation happens in silicon valley. >> reporter: the president is in silicon valley not just to raise money for his campaign coffers but to sell his jobs plan. he'll be in front of linked in members and employees tomorrow at the computer history meeting for a town hall meeting. members not in attendance can get online to get involved in the discussion on job creation. >> i think it's a great place to show technology and show the importance of the bay area to the rest of the world. >> nbc bay area's political analyst larry gerston says the president knows he has to win over california again to win in 2012. despite the recent debacle over solyndra and his drop in the polls, in this state, there are still hard-core supporters with deep pockets. >> you begin with your base. california has been part of that base. he's here to come and and say, remember me. i've tried this for you. i'm there for you on gay rights, on immigration. i'm there for you on trade. he's going to pitch those themes to the people who like those themes. that's pretty smart. >> the president is expected to rake in at l

elsewhere across the bay area, live look through milpitas, westbound 237, silicon valley commute looksat. it is still slow through san lorenzo. kcbs airborne flew over the scene of an earlier crash at 238 just before 880 and says it's backed up through to castro valley. back to you. >>> google's ceo is heading to washington today for a capitol hill grilling. a group of internet companies has leveled some heavy charges against the search giant. kcbs radio's matt bigler reports on the claims google isn't playing fair. good morning. >> reporter: good morning. yeah. google's unofficial motto, don't be evil, will be put to the test this morning on capitol hill when its executive chairman, eric schmidt, is called before a senate panel. check out the name of the hearing. it's called "the power of google: serving consumers or threatening competition? " that spells it out right there. here's what's going on. a lot of rival websites have complained that google's search results are favoring its own products. for example, google maps instead of mapquest, or that google is unfairly posting informat

silicon valley is such a beacon of job growth.magine that's part of the draw of politicians to be there today? >> it is about job growth and about the way that the president understands that in 2012 the metric for him is about employment. if he made a meaningful dent in unemployment. they understand that they are not going to bring back manufacturing jobs in the next 12 months. but they do believe in the white house that they can promote innovation, the one thing that the united states has that no one else has and that's the reason the president is making stops in these places in silicon valley to talk about innovation and also to promote his jobs bill. he thinks that's the winning hand. the problem is these companies themselves don't hire that many people and the real jobs you get from innovation is years away. so this is a risky bet. >> so there's still a lag in silicon valley. i imagine one thing we won't hear a lot from president obama about is solyndra. >> he will probably say that's an ongoing situation at this point and he

silicon valley as an atm. with jobs on every agenda social networking sites are important to shall what wash because they are important to job hunters, employees and employers. >> i do belong to linkedin. in the past it was a challenge to try to reach out to various people and various communities you may not have access to. >> reporter: many say it's the main reason for the meeting linked inat the computer history museum. >> it's a quick way to organize people, get them to the polls, get them voting get them talking about candidates and often a candidate can win or loose in the social networking circles and that's only get strongerrer many. >> reporter: there is political one up man ship since the visit will take place at almost the same time as the live discussion about jobs, at facebook head quarter was three top house republicans including kantor, a visit planned months ago. some are delighted. >> they all have one thing in common. they know that america needs to be more economic i canly competitive, we hav

silicon valley today, for a draising event. >>> welcome back. 6:10. republican presidential candidate mitt romney will be in silicon valley for a campaign fundraising event, a $500 per person lunch at a home and also fundraising in san diego county and pebble beach. the latest poll among california republican voters show romney leading the texas governor rick perry 28 to 20%. >>> romney though will not be at the state's republican state convention in l.a. over the weekend. but michele bachmann and three of his opponents will be. the minnesota congress woman is the keynote speaker. she was at a bay area fundraiser yesterday. one in hillsborough and then heavily democratic marin county where this video is from. where she told supporters in san rafael, tea party activists are getting a bad rap. >> the notion that the tea party is right wing radical friends, that wear red, white and blue all the time and come down from the hills of apalacha -- >> she told supporters that as supporters, she would repeal president obama's health care program, reform the fed

silicon valley as an atm.ow with jobs on every agenda social networking sites are important to shall what wash because they are important to job hunters, employees and employers. >> i do belong to linkedin. in the past it was a challenge to try to reach out to various people and various communities you may not have access to. >> reporter: many say it's the main reason for the meeting linked inat the computer history museum. >> it's a quick way to organize people, get them to the polls, get them voting get them talking about candidates and often a candidate can win or loose in the social networking circles and that's only get strongerrer many. >> reporter: there is political one up man ship since the visit will take place at almost the same time as the live discussion about jobs, at facebook head quarter was three top house republicans including kantor, a visit planned months ago. some are delighted. >> they all have one thing in common. they know that america needs to be more economic i canly competitive, we h

co-founded google now where would the united states be right now with all google where would silicon valley be but california you know the tech industry isn't be on. anyone there that's dominated by immigrants let's talk about agriculture i mean the whole central part of the state is arab culture heavy and that's mainly foreign workers let's talk about hollywood i mean all the major studios were started by foreigners a lot of eastern european and central european jews who came over here to start businesses let's talk about construction industry i mean that's heavily dominated by immigrants so the four largest and thriving industries in california are dominated by foreign born workers both workers and entrepreneurs so those ads really don't know what they're talking about when it comes to economic now has it become more difficult over the you know over the years over the decades can you talk about some of the processes some of these. how hard is it to get one of those these days it's tough and it's getting tougher unfortunately last year the obama administration signed into law provisions th

>>reporter: despite what happened to this company there's optimism in silicon valley that the solar energy sector will continue to agree and create jobs. challenge facing many workers is that there aren't many manufacturing jobs left in the bay area. they may have to retrain for other kinds of work. that's exactly what happened to many of the numi workers. in free mont, abc 7 news. >>> state democrat business leaders presented plan today to make california more business friendly. the bill would require state agency to look at the economic impact of new regulation and market california as business friendl friendly. republicans say they don't go far enough. pain while amazon is offering to create 7000 jobs in the fate by opening up 6 distribution sites but there's a catch. it wants safe new on line sales tax sues pen ente. the governor says he's going to look at the plan. democrat maintain the state would end up lasting millions on lost sales tax revenue. >>> numbers just out show most people who lost their job in the great recession have not found a new one and don't think the finances will

education nation series continues with a will be at how students are being trained to work in silicon valley before they even leave high school. >> i'm scott budman in what has become a rarity in america these days, an actual manufacturing facility. coming up, we'll show you how what's made in this building will both save lives and create new jobs. >> and traffic backs up at a bay area gas station, but nobody seemed to mind. we'll explain the free giveaway. >> sounds good. good evening, i'm chief meteorologist jeff ranieri. clear skies looking out from oakland towards san francisco. we'll talk about these hot how lngil w they last and rain returns in the seven-day forecast in just a few.il jcpenney. >>> san francisco police had to take an unplanned trip to the body shop after a woman busted the windshields of several parked patrol cars overnight. police say a man walked into the southern stations just before 4:00 this morning and informed them that a woman was breaking the windshields. officers found the 42-year-old woman nearby and took her into custody. she was booked on phony vandalism ch

it began in seattle, and tonight he'll be attend something pricey gatherings in silicon valley. tomas roman is at moffet field in mountain view. >> reporter: as you can see behind me, there's air force one. president obama arrived about 20 minutes ago from fundraisers in seattle. now, he is running about 45 minutes late. he came out of air force one at about 20 minutes ago, and greeted 50 people who were gathered here to say hello to him. now, they were extremely excited to see him. laughing and shouting. he shook hands. he slapped five with a little young girl. he also signed some autographs, and then he headed out in one of his limousines, in his presidential him seep, -- limousine to fundraisers in mountain view. president obama is here to draw from the well of financial valley money -- silicon valley mow for -- money for his re-election campaign. he has two fundraising stops, the first is a reception at 6:00 p.m. at the home of john thompson in woodside. 300 people will pay $2,500 to meet the president. then on to the home of facebook ceo. a $35,000 plate dipper is expected

about somewhere between about a third and roughly more than half of all the tech startups in silicon valley were founded by foreigners either here on work visas or here on green cards or people who had already gotten their citizenship so certain a brand is a great example but you know he is a russian immigrants he came to the united states as a refugee as a child and he co-founded google now where we're doing right now with all google where would silicon valley be but california you know the type industry is in the eye. anyone there and it's dominated by immigrants let's talk about agriculture i mean the whole central part of the state is i or cultural heavy and that's mainly foreign workers let's talk about hollywood i mean all the major studios were started by foreigners a lot of eastern european and central european jews who came over here to start businesses let's talk about the construction industry i mean that's heavily dominated by immigrants so the four largest and thriving industries in california are dominated by foreign born workers both workers and entrepreneurs so those ads rea

the silicon valley giant is suddenly looking for a new ceo.huang joins us from sunnyvale with reaction to this firing of carol bartz. good morning. >> reporter: good morning. you know, carol bartz's original message to people over and over again was give me some time to turn the company around. apparently time is up. she emailed employees yesterday telling them that she had been fired over the phone by the chairman of the board. carol bartz was the third of about four in a few years for yahoo. she was criticized for her pay package which hit $39 million in 2009 her first year dropping to $12 million last year following poor company performance. most recently yahoo had setbacks in its partnerships with microsoft's search engine bing and with its investment in chinese ecommerce company alley baba. industry analysts say bartz was never the popular choice to become yahoo's ceo. >> she was constantly listed as the most highly paid underperforming ceo in any market and you just doesn't survive with that kind of a reputation in any market. this marke

. >>> next week the president will return to silicon valley. sunday he will attend fundraisers at private homes in woodside and in atherton. the event will cost more than $35,000 a couple. monday the president will take part in a linkedin town hall meeting at the computer history museum in mountain view. >>> today a top silicon valley executive is in the nation's capital. google's ceo eric schmidt will answer questions from senators about the mountain view company's dominance in the internet search business. the purpose of the hearing is to explain the power of google serving consumers of threatening competition. senators are trying to determine whether google has been unfair in competing with other search engines and how the company's actions may affect people who use the internet. >>> and the top two execs of fremont-based solyndra are expected to plead the fifth. both are scheduled to appear friday before a congressional committee investigating the solar company's sudden shutdown. the federal government pumped more than a half billion dollar

ideology of america's elite is one of air toke silicon valley. that will not last. they both are simply outright liars. no less the first than daniel, the public editor of the new "new york times" saying he is the habit of citing numbers in a fashion that pleases his acolytes. both paul and ellsworth are physically very small. they have napolian complexes, anatomy is destiny, i agree with that. i'm not impose r enough in person to be inspiring, and if only i was a few inches taller . "newsweek" called him gnomishly hand smit. [laughter] i want to know is is the reason you oppose the bush tax cuts -- when he said they are a step on the way to a system in which only the little people pay tax. [laughter] you be the judge. i report. you decide. krugman is also probably a little crazy. he wrote, "my economic theories are influenced by the relationship of my cats." this explains a lot. [laughter] okay. now this is the part where somebody says, well, didn't he win the nobel prize, and a respected economist? come on. yassar and president obama won the nobel price. anyone ca

. >>> it's day 2 of president obama's silicon valley swing.t your questions answered by the commander-in- chief today. >>> the showers now moving east. we're seeing a return of some sunshine around the bay area. just how warm it will get in your neighborhood coming up. >>> good morning, it's monday, september 26. i'm grace lee. it's 5:30 today. >>> and we begin with breaking news, this out of oakland. both directs of interstate 880 closed -- both directions of interstate 880 closed near the coliseum. there is a standoff with the highway patrol. kristy seifkin has the latest from the scene. >> reporter: they believe there is one person still inside the vehicle. chp saying that they are trying to confirm that right now. they have made numerous attempts to call to the person, tell the person to come out of the vehicle. nothing has happened yet thus far. it's just a standoff. police are standing with multiple guns pointed toward this brown van in the middle of 880. both side of the freeway shut down after a high-speed car chase that started around

. >>> and silicon valley, looking at business leaders and politicians today in the south bay. lieutenant governor newsom and chuck reed attended the conference at the santa clara convention center. they showed that they out paced the rest of the nation, with growth at 13%. compared to the nation's growth of just 2.6%. >> we hope that game changers will happen, in separate clusters of the economy, but also in all clusters of the economy. in silicon valley, the driving industries are renewable energy, high tech, bio detect, life sciences. >> despite that information, the job rate there is above the national average of 10%. >>> and giant cisco systems down casting their annual growth, earlier they said that long-term revenues could grow by 12% this year. but today they changed the growth targets down 5-7% over the next three years. they finished slightly higher in trading today. >>> and an up and down session, the stockings recorded a second day of gain, first time it happened this month, the dow gained 34, the nasdaq 37 points. >>> and solving the nation's debt crisis, they look

. >> reporter: this afternoon at netflix headquarters in silicon valley, you have asked your customerso forgive you. are they forgiving you. >> i think each customer is different. you know, as i said in my letter actions speak louder than words. >> reporter: for those who don't know the story netflix came out of nowhere 14 years ago with the then crazy idea of a business built on sending movies through the mail to consumer who paid a fixed ability. for the millions using it, it became a way of life. hastings became the subject of hundreds of stories including a couple by "nightline" like this one we did nearly three years ago. >> hit that curve with dvds and rocked up. now we're at 10 million subscribers, dvds in every home in america. >> reporter: then then it doubled and they went towards streaming movies on the internet. last week the surprise announcement, it is splitting into two. one still known to be netflix will continue to stream movies, the other qwikster will take over the dvds by mail business. the way that decision was communicated plus a recent price hike is what he was a

it wasn't all just silicon valley executives, lady gaga was one of the an tell december last night. today he will be at linked inin pitch his jobs pro -- linkedin to pitch his jobs proposal. he'll be taking continues from people at the event. aim -- amy hollyfield, abc7 news. >> president obama will get competition from three republican leaders holding their own town hall meeting on jobs at facebook in palo alto. facebook will host a live discussion and question and answer session with house majority leader eric cantor. house majority whip kevin mccarthy and paul ryan. the three are collectively as the house republican young guns. facebook event scheduled at 3 p.m.. >> 4:30 four. oakland police investigating the death of a hospital patient who received a deadly dose of medicine from a replacement nurse. members of the nurses union are blaming hospital management. the union nurses held a candlelight vigil in memory of the patient who died at alta base summit hospital. a strike last week led to the lock-out of regular nurses and the hiring of replacements to fill in until tomorrow. >>

executives about what they need to bring more jobs back to this country. >> as silicon valley prepares for president obama's visit to the area, terry conley says high-tech executives will encourage mr. obama to do two things in order to grow the country's economy. >> i think they will tell him that they would like to be able to bring their overseas processes back to this country, rather than being forced to invest them overseas because of the tax regime that becomes a penalty to them with respect to the folks that they compete with around the world with the governments that do not tax them. second they would urge the president to find a way to articulate a positive vision of the future, that we're a big economy with a lot of resources and the president has taken a lot of heat lately because of the loans that have been made to clean energy companies in the valley. >> reporter: he is referring to the solar company solyndra. it went bankrupt after the government gave the company a $528 million government loan. >> i can he could use some help explaining to the country why the gove

local dig nares lined up to shake hands and welcome the president to the bay area and silicon valley and attended fundraising events of woodside and adison and the private homes of valley executives. the president's supporters and critics did their best to make themselves seen. a group of anti-obama protesters gathered along the president's motorcade rowd in woodside as he headed for the home of john thompson, the chairman of symantec. but the motorcade was greeted by an obama friendly group of demonstrators on the way to the facebook executive cheryl sandburg. >>> and let's take a live look at moffett field where president obama is scheduled to depart within the hour. and tonight he will attend fundraising in los angeles as well as san diego. >>> and school bake sales usually don't draw national attention. but one plan for tomorrow at uc berkeley is causing quite the controversy. kristy siefkin is live at the campus with why the pastry prices are being called offensive. >> reporter: good afternoon, grace and frank. if you come to the bake sale, being held by the berkeley college repu

unfortunately it's not all sugar plums and gum drops in the silicon valley. cisco named one of the best places to work by forbes magazine announced earlier this summer it would cut thousands of jobs. >>> another day, another delay for two american hikers behind bars in iran. the judge set to sign the release documents today did not show up. bauer and fattal have been in prison in iran since 2009. >>> mark this one as an historic day for gays and lesbians as the controversial policy of don't ask, don't tell is now history. the law prevented members of the military to serve openly was officially repealed at midnight. senator joe lieberman says today is a victory for the entire country. >> today, he said to me when a barrier breaks, is broken for one group of americans, the doors of opportunity open wider for every american. and i think that's the case today. >> absolutely. and just over an hour, a freedom to serve event is planned at san francisco's war memorial building at 12:30. don't ask, don't tell policy had been in effect for 18 years. >>> two companies w

over the last hundred years, especially in san francisco, especially in silicon valley, entrepreneurs have proven they're the heros that can make disruptive, powerful change. we want to nurture that. we want to accelerate that. we want to create that ecosystem right here in san francisco. so we're a start-up accelerator for clean tech. we're trying to make start-ups that are focusing on renewable energy and energy efficiency more success. there's four pieces of that. there's funding. we make an investment somewhere between $20,000 and $100,000 in each. we're a combination of a small venture firm and start-up academy bolted together. we then introduce the start-ups that are in the program to other investors to help them raise more money from great investors to move forward. the second piece of the program is mentoring. so me, dylan mcdonald, dave graham, the three partners here, we've been starting companies since our early 20's. we've had some really nice successes. we've had some failures and have learned from both. there's a lot of wisdom and knowledge that we want to help impart to

the president is here to draw from the financial wealth of silicon valley. the president ran late in his visit to seattle and will touch down here at 5:30. president obama has two major fundraising stops here in the bay area. the first is a reception after 6:00 at the home of john thompson of woodside. 300 people will pay $2,500 to meet the president. that will raise $750,000. then on to the home of facebook ceo sheryl sandberg. there a $35,000 a plate dinner is expected to bring in $2.5 million from 70 guests. he started in seattle where he attended two events there. his whole two-day west coast trip is expected to raise about $8 million. and tomorrow, he'll be at the lincoln center, talking about his jobs bill tomorrow. he is going to be talking to individuals there, trying to make another appeal for the passage of his jobs bill. again, the president is expected here at moffet field at 5:30. everyone is anxious to see him, and he'll be heading from here straight to his fundraising dinners. abc-7 news. >> alan: the president will hit seven west coast fundra

. >>> a see saw day for silicon valley businesses.ome were up and others done and others were caught in the middle. scott budman says the big money, though, is in software tonight. let's get to it, scott. >> software is making money this evening on the heels of the ucla report saying that the bay area is a hot spot for growth. we see growth from oracle and adobe, both software giants, both reporting strong sales tonight. each rewarding investors with sharing jumping in after-hours jumping. netflix still dropping today. the share price was close to $300 in the wake of that hike price and a split between netflix stock has lost more than half of its value, leaving the company trying to explain while its competition tries to gain ground. >> they stream your movies on laptops, on your mobile home. and on your tablet. but this is not that well known video streamer. this is a palo alto start hch up getting the chance to shine as the next flix struggles. >> we have noticed that in the past two to three months there is traffic that. >> the dec

obama was in silicon valley at the computer museum in mountain view. he led a town hall meeting with 300 linkedin employees. it was for the most part a pretty friendly crowd. many supported his proposal to raise taxes on the wealthiest americans. >> we're talking about going back to the rates that existed as recently as in the '90s when as i recall silicon valley was doing pretty good. >> at the end of his west coast visit it's estimated the president will have raised $5 million for his reelection campaign. >>> an ambitious proposal to cure california of its overcrowded prisons goes into effect october 1st. the plan is part of a federal court order that would transfer thousands of inmates from state prisons to county jails. the realignment process also includes increasing the number of prisoners released on probation and parole. advocates of the plan say the candidates for release are serving time for non-violent, non-sexual crimes. >> women and men who do not pose a great risk will be able to be kept on the community level and can spend time with thei

. >> silicon valley is hoping to make it easy for chinese company to do business in the south bay. >> several companies say they will offer accounting banking and real estate services to chinese firms that want to move or expand in the silicon valley. >> there's a lot of buzz over new company promising to make it easier to accept payments on line. co-founder john and patrick say the stripe.com is set to launch in the next few months. >> city of santa cruz is trying to lure new businesses by dropping its downtown parking fees. city has huge commercial vacate app situation rate so they suspended parking fee for this lease. >> frainers in the pre-season on positive note. >> larry here with that. >> last week the coach said it looked like they were violated. they get it together in the final pre-season game. they did the violating tonight. you is is. >> good evening after embarrassed the 49ers came out in the final game of the pre-season with real sense of purpose. looked sharp against the chargers. smith human opinion at a in the pre-season. protection tonight. 8 of 10 for 45 yards on th

so i would call that a big thumbs up. >>> top silicon valley executive on capitol hill today. google's executive chairman, eric schmidt, is answering questions about the mountain view company's dominance in internet search. we have some live pictures of that hearing that's going on right now. senators are trying to determine whether google has been unfair in competing with other search engines and how the company's actions may affect people who use the internet. >>> we may not get any answers, though, from top executives at fremont-based solyndra. they are expected to take the fifth when they face a congressional committee this coming friday. lawmakers are investigating the solar company's sudden shutdown. the federal government pumped more than a half billion dollars into solyndra, which as we know closed its doors last month in fremont. we also learned california helped the company with a $34 million tax break this past november. >>> the owner of natural gas could be smelled -- the odor of natural gas could be smelled this morning near 280 as pg&e crews worked on a pipeline.