american investors are incubating promising chinese startups. >> in terms of innovation, i see the silicon valleylays more important role than other regions. >> reporter: he was born in china and educated at stanford. he says the valley has the ingredients for success. >> knowledge, talent, information and capital flowing among universities, companies and small startups. >> reporter: the valley also has a sizable chinese-american community and room for businesses to grow. this silicon valley research and development facility isn't empty today because of bart strike. like a lot of silicon valley buildings, it has been vacant for years due to the recession, but it has been well maintained and it just sitting here waiting for the next investor. will that company be from china? >> i think we're the most welcoming community on the planet. >> reporter: it very well could be if china silicon valley gets its way. in san jose, len ramirez, kpix 5. >>> 4:52 now. iphone, ipad, i watch? >> the latest idevice apple may have up its sleeve. >> and here's a live look from mobile5 on the road 880 northbound haywa

silicon valley is where the money is. nowhere else in the world do you see the concentration of venture capital. more money invested in three california counties than the entire gdp of north korea. jeff graybo is the west coast venture capital leader. i assure you, he's very knowledgeable, despite the fact he didn't raise a million dollars before he was 18, which is why i said before the commercial, technically the expert. thanks for being with us. what is the state of silicon valley and venture capital? it seems they are getting a big payoff lately with instagram, a big ipo last week, the name escapes me, it looks pretty good. >> a healthy environment for exits benefits venture capital. money is raised in a venture fund, deployed into start-up companies and hopefully there's a exit at the back end which recycles the money back in. >> come out with more than you had when you started. >> exactly. >> and that status is good, it's paying off for them? >> yeah, like i said, the market is high right now, so that's creating a g

we have a technical reporter for the silicon valley business journal. is this the birth of a bubble, the emergence of a bubble or is this something solid? >> i think we're climbing into the birth of a bubble, but i think we should be cautiously optimistic about facebook, wall street seems to be. shares have soared over the last week, though it did end a little bit down on friday. so we're -- i don't know if we're entering a bubble but we need to be cautiously optimistic. >> cautious and optimistic don't tend to go together in the finance market. overall how is the whole tech market doing? >> i think the tech market is definitely strong right now, and facebook particular particularly is doing so well in the market because people are finally seeing money come out of mobile ads which is an area facebook has struggled with for quite some time. their strategy seems to be working. >> what is their strategy? >> their strategy is giving advertisers prime real estate on users news feeds in mobile and desktop versions of facebook. so now if you sign on you see th

like a lot of silicon valley buildings it has been vacant for years due to the recession.ut it has been well maintained. and it's just sitting here waiting for the next investor. will that company be from china? >> i think we're the most welcoming community on the planet. >> reporter: it very well could be if china silicon valley gets its way. in san jose, len ramirez, kpix 5. >>> coming up in our next half hour another check of the evening commute. chopper 5 is over the ferry building in san francisco. people are lang up trying to get the alternative route home but are drivers any better off trying to navigate across the bay? we'll check on both side of the bridge for you. >> fight the traffic, trying to find parking. the painful surprise that greeted some san francisco commuters this morning. >> i just thanked him and came down the hill to work. now they're gone. >> the worst firefighting tragedy in 80 years. how a tiny arizona community is coping with the loss of 19 brave souls. ,,,,,,,,,,,, for over 60,000 california foster children, having necessary school supplies ca

but very comfortable down here into the silicon valley. 87 in san jose. near campbell, probably feel like the low 90s. 89 in every green. and 95 in livermore. the hottest spot, walnut creek at 96. 92 in pleasanton. and 88 in castro valley. and 69 in san francisco. back towards berkeley and oakland, mid to upper 70s. if you're headed out tomorrow, do be advised there's major extremes are going to stay in place as we stay in the next couple of days. hot air inland and the cool air at the coastline. the america's cup continues on thursday. we'll see the water temperatures in the mid-50s. wind out of the west. 10 to 20 miles per hour. decent conditions for the boats. they should be able to continue the racing without a problem. of course, for most of the spectators, temperatures in the mid-60s. you can catch this at 12:00 to 1:30 on kozi with live broadcasting there. a nice day coming our way tomorrow. >> looks beautiful. thanks, jeff. pokey's going to enjoy his first day home so much. >> out on the lawn. >>> caroline kennedy appears ready to wade into politic

that was tom foremski of silicon valley watcher. he believes silicon valley is out of touch with the rest of the nation. congress will likely take a shot at healthcare reform with a vote this week. house speaker john boehner is attempting to delay the section of the law requiring nearly all americans to buy health insurance in 2014. about a week ago, the obama administration decided to give an extra year to businesses to ramp up for the new law. speaker boehner believes the same rules should apply to the rest of america. a white house aid says the president's landmark legislation is moving forward as scheduled. in today's cover story, how much you pay for goods and services often varies by who's providing them, where they're located and how much competition there is, and it's as true for healthcare as anything else. what's also true is that not everyone knows they can shop around. possibly the easiest place to find discrepencies in healthcare pricing is among your local pharmacies. in one city, a 30-day supply of the anti-biotic cep

>> i think there's a lot of hope in this report and there's no reason why silicon valley can't be a home for some of the most exciting education innovation in the valley. >> all right. if those numbers aren't startling to all of you, then maybe that's a problem in itself. it should be startling to a lot of people, parents and even those who are not parents. thank you so much for the work you're doing, thank you for topping by. >>> up next on "comunidad del valle," superintendent of santa clara county schools. [ male announcer ] on vacation, you want more of the things you love. ♪ hello, bacon. get more with breakfast and a two-room suite for rates as low as $115 per night at an embassy suites. book now at embassysuites.com/getaway. >>> he has seen the report, xavier de la torre is the superintendent of santa clara county schools, generous enough to join us here on "comunidad del valle." i only have one rule on the show, you can't outdress the host, and you broke that rule. we're getting off on the wrong foot. i don't know what to say about that. >> should have read the memo. >> we talked

for investors in silicon valley, looking for the remaining 18.g for the remaining 18 sets get going. john: originally you planned to us look at the picture here, build the whole city held in the ocean. that would have been with pilings. why did you drop that? >> the current solution is much more cost-effective. one version of this. we would like to start with some more lean can achieve version that will get the jobone. john: you are an immigrant. >> i am myself. john: you went through the process. was a torture? >> actually myself i came here t of political asylum so the process -- john: year from bosnia. >> number bosnia. gracious enough to extend leases to me and my family. and as an immigrant and i c tell you from a personal perspective that ii made a huge difference being here, having an opportunity this. and it can be seen as my way of paying back that opportunity that i have been given. basically alike ften lead to others. many of them are as ambitious or more so than i am. smarter than i am. so this notion of the american dream is definite

steve jobs, half of silicon valley. van gogh. at the other end of the spectrum you have severe than -- handicaps when they never learned to speak. when kids are little, they all look the same. i cannot emphasize the importance of early educational intervention. 20 hours a week working with the teacher. it is a very big spectrum. there is no black and white dividing line. between mild and may be just being sort of socially awkward. tavis: is there good news in the research about how we're doing treating autism? >> research is clear on the importance of early intervention with these kids, that is very clear. one of the places where researchers need is the sensory problems. get center problems with dyslexia, learning problems, adhd. things like sound sensitivity, problems with favre's and lighting. this is one area that needs a lot of research. i have a big chapter just on dealing with sensor problems. tavis: it taught in this book and have made the point any times that parents and others ought to see autism as a gift and not as a c

it is not a simple genetics. -- there is no way for the falcons silicon valley -- the focus in silicon valley. who hasave one person autism and another who has those trades and maybe there is some anxiety, depression, a epilepsy in the family history. our side to the gains amaze me. by leaps and bounds, we're learning some of everything about some of everything. all you hoping that the science is going to be much farther ?long >> i think the definition is too broad. , wethe autistic brain review the history of the autism diagnosis and it has changed of the years. these diagnostic profiles like depression, adhd, autism, dyslexia, it is half science and the other half is a committee of doctors bickering over what it should be and it has changed. it is not precise like a diagnosis of tuberculosis would be very precise. they will find that autism break up into some component parts. but fully verbal ones, the social circuits are not working. they're living in a world of told sensory jumbling. one of the big areas i would like to see more research done on is the sensory problems. it is varia

for investors in silicon valley, looking for the remaining 18.looking for the remaining 18 sets get >>> this is a fox news special report. >> good afternoon from the fox news world headquarters in new york. hello, everyone, i am rick leventhal. breaking news out of egypt where the constitution has been suspended, the military has taken over the government. dramatic pictures from tahrir square in cairo where millions of people have taken to the streets. a deadline set for a.m. today for the president morsi to step aside. since then we have seen millions in the streets over t past couple of days protesting the egyptiapresident. morsi's backers in the muslim brotherhood say they will not give in even if the president is forced out by the litary. at least killed in violent clashes in egypt,t least 39 killed since sunday. so far at least seven cabinet ministers have reed down n wash state department continues to say it is not taken sides. as you can see people celebrating in the streets of cairo. secretary of defense chuck hagel we're fiing out today

>> i grew up in silicon valley. ack then, it was just the santa clara valley. >> to what kind of a family? >> academic. my mom is still alive. she is a fiction writer. she writes short stories. my father died at 12 will stop he was a law professor. i grew up in a bookish and political household. was blowingversity up in the late 1960s. i was aware of a benefits and issues from a young age. like how many children in the family? >> i have a sister who is a successful novelist will stop -- novelist. a freelances journalist. she is writing a book about iran. about the origins and reform of is at ay in iran, which resurgence with the election of a new president will stop >> where did you go to school? >> i went to public school and alto.ll also -- palo there are a lot of things in the book that happened in 1978. -- yale. yell >> how many years have you worked on this book? >> i did not really begin untiling on tell 2010 -- 2010. of return visits to , many visits to the scene of the housing nightmare from a few years ago.

is not just about silicon valley.ices all over the u.s. and increasingly around the world. liz: recently j.p. morgan put up this list of banks that are most likely to benefit from rising interest rates. you were on there. there were other names. are you waiting for higher interest rates? do you think this will at least part tessie tapering? how closely do you watch what is happening? >> we are a very asset sensitive bank which means that as rates go up, short-term interest rates, loans reprice and we tend to make more money. a lot of what is happening is in the long term interest rates. while we get some benefit, it's about short-term interest rates. when will that happen? out on now. i think it's going to happen sometime next year. we would benefit from that. it's important from our standpoint that that was supposed to be happening over the last five years and we aren't betting on it. our strategy is about building at a diversified products that, going global. interest rates happen that's great. we are betting on it.

at 9:00 cleaning up your contact skplis a direction for a silicon valley giant. >> and at 11:00 watching for developments in the bart talks. >> that is coming up but that is this edition of abc 7 news. >> thanks for joining us everyone. >> see you at 9:00 and 11:00. ♪ we don't have a ten step filtering process for our water. we don't need it. because crystal geyser is made by nature, not by man. ♪

>> the silicon valley companies have continuously said they only do the bare minimum the law requires to work with the nsa. this shows constant collaboration and collusion on the part of microsoft to build systems to allow all sorts of access to skype, outlook, these cloud systems way beyond what the law requires. the idea that they need a warrant in each individual case is untrue. they only need a warrant when they're targeting american citizens. not when they're -- >> right. >> -- scooping up communications including ones involving

citibank and silicon valley bank. merl is around. former mercy employee, also wonderful human being. merl is also hiding in the background because he is also humble. these two banks have been huge up the supporters of affordable housing over the years. [ applause ] silicon valley bank i think we want to mention also the silicon valley bank has been instrumental in helping us secure affordable housing program grant for this project from the federal home loan bank system and thank the federal home loan bank and anita adams and her staff and still con valley bank for making that possible. it's a huge grant and a huge part of closing the gap. so thank you. [ applause ] i have been given the inevitable task of thanking everyone. the department of health, they understood probably earlier than any other health department in the country that housing is health. and so they have been a huge part of the solution to homelessness in san francisco. here as they do in other buildings around the city, they are providing operating and service grants

they're all 12, 13 and they are all the daughters of silicon valley and they can't pass, shoot, dribble. they can do anything that resembles basketball so he decided what they were going to do was play maniacal defense. they are going to have a full-court press 100% of every game and that proves so devastatingly effective that they go all the way to the national championship so the idea that he's responded to weakness the fact that they had no basketball skills by adapting and adapting in a way that proved to be devastating and by breaking the rules because people don't expect 12-year-old girls to play the go full-court. the skill level as such at that stage that if you play the press can get the ball off the court, right? is this really interesting example of someone who chose to rather than remain passive in the face of some kind of weakness to adapt. that adaptation is what really this book is about. what are the strategies people use to respond to their own shortcomings. >> which one of the examples do you use in the book? >> for example in talking about dyslexia. i have a whole cha

>> silicon valley, california. back then, it wasn't, just santa clara family. >> to what kind of a family? >> academic. parents were professors at stanford. my mom, 88, a fiction writer. she writes short stories. my father died when i was 12. he was a law professor. and i grew up in this bookish and political house hold while stanford university along with the rest of the campuses were sort of blowing up in the late '60s. aware of bigger events and issues from a young age. >> how many children in the family? >> i have a sister who's a novelist. she's a year and half older than me. >> your wife works for the new yorker? >> my wife is a freelance journalist. she's writing a tremendous book i think about iran that's going be the origins of the reform and democracy movement in iran that had an interesting resurgence of the election of the president in that country. she writes for the new yorker from time to time from iran. >> where did you go school? >> went to public school in palo alto. just before proposition 13 --

i spent the last eight work at facebook and building my own company in silicon valley. one thing that i realized is that there is a whole world that people are fascinated entrepreneurship technology, and someone needs demystify it for everyone else. so do the complicate is the the crazy tech obsessed world we live in and how it is changing our careers, lives and our families. >> how do you do that? >> it is interesting but i talk a lot about finding tech life balance. there was a lot of work life balance but if you go home from work and you are still buried in your cell phone. and sitting on your laptop next to your at home you are still working. you have not really found that work life balance. so i talk a lot about how to find tech life balance in your home. your job. in your love life. and all areas of communication. >> you are saying turn off the devices and go off of the facebook? >> you know what? i think this is a time and place for everything. i do think that if you take a little bit of time to unplug and remember that there is a when you look up from the screen

westbound 237 silicon valley commute off to a great start here no major delays.nd taking you outside here's a live look through the dublin- pleasanton area. westbound 580 crowded this morning and it continues that way making your way towards castro valley and a quick look at the san mateo bridge no delay westbound 92 very quiet. bart right now has 26 trains and they are all running on time. that is your latest "timesaver traffic." back to you. >> thank you. >>> there's been a lot of debate recently about the use of drones in the united states. whether it's military, law enforcement, napa valley farmers or your neighbors. allen martin shows us the signs that the debate may have turned lethal in the bay area. >> as people are driving by they see something like this is a distraction the. the first officer who saw this on highway 37 was patrolling his beat, did a double-take, came back and confirmed it. >> reporter: what that officer saw was illegal. >> it's 21-465 california vehicle code. >> reporter: it was also a first class job. >> professional materials. it is a

like a lot of silicon valley building, it's been vacant for years. but it has been well- maintained, and it's just sitting here, waiting for the next investor. >> reporter: will it be from china? it very well could be in silicon valley gets its way. >>> paul, welcome back from vacation to the heat. >> yeah, it kind of smacks you in the face, but this particular heat wave is different and it's been so long. it will be a while before we finish this, likely aft july 4 holiday before we see some bo that food relief way from the water. dublin at 104,ball nut creek, 102 opinion do i hear a 101? gil roy and pittsburgh. so what do you can do with the kids when it's this hot? you find park with fountains. the kids are having a great time enjoying splashing butt thrut water, enjoys it was so hot today - even s were caught cooling off. one bear trying to beat the ,,,,,, ♪ [ roars ] ♪ ♪ [ roars ] ♪ [ roars ] ♪ [ male announcer ] universal studios summer of survival. ♪ take a look: a trail camera caught this black bear taki dip in a cow's water troughe bear rolls

oh, god, another one of the silicon valley start-ups. i can't listen. it was actually a reading of karl marx. it was the strangest thing. i went back and reread it. if call it science-fiction. early science-fiction was directly motivated by a fear of human obsolescence. a wonderful example, a humanities splits into two species, one of which benefits from gibson t descendants of those who rule facebook and is examined kugel. they formed. the interesting thing is that both sides of that div robot anxiety. so an interesting thing happened in the 20th-century. in the 20th century we did not see massive waves of unemployment because of improving technology. and, of course, the reason was that new jobs were created when machines get better. turns out there were usually more desirable, safer and cleaner and easier and more dignified and more intellectual and all that. did not happen automatically. this little thing called labor movement, and it was no small thing. it was a gigantic, bloody, difficult movement. the labor movement in a sense was fighting for the

the short answer is yeah, the silicon valley if that were not true. it would be like the - i know i've spent a lot of time with interesting people from all over the

the short answer is yeah, the silicon valley if that were not true. it would be like the - i know i've spent a lot of time with interesting people from all over the world and their successful people and their passionate about being here and their contributing to the economy >> i like to give the example of football. imagine the 49ers and we're going to be playing with another team but what if it is other team had 13 or fourteen people. we have to see the u.s. as a team are the other countries and we're limiting the team on the field and if canada is allowing their team to to compete against us. to not allow the 49ers to come to the game is not making sense. you want to have the largest team i can in order to beat the competition and so i have this commercial in their head. all those comments immigrants are lazy and taking our jobs. imagine the same comments have been made as each immigration wave like the

our first question is: how does the political involvement of silicon valley involved? saw political leaders before saying -- staying in the shadows and they're out front center stage. mark zuckerburg, when he's able to give a speech, the landscape changeed and they understand their role and. >> they're not worried about the let'sus pickers, but high- skill workers to get for cheaper in their industries. >> higher engineers and hire educated people in this country already trained and who can get to work right now on the projects they need. >> and they work cheaper. they generally work cheaper and they can control them better than they can u.s. employees. >> we're seeing mark zuckerburg's going to take a big role in this debate, and he's moving the argument that amnesty and the whole issue of the path of citizenship, even for indocumented immigrants, day laborers, the folks picking lettuce, that is important to silicon valley, too and not about one issue any. they're broadening the argument and that is smart political things for them to do. >> they stumbled out of the bl

the short answer is yeah, the silicon valley if that were not true. it would be like the - i know i've spent a lot of time with interesting people from all over the world and their successful people and their passionate about being here and their contributing to the economy >> i like to give the example of football. imagine the 49ers and we're going to be playing with another team but what if it is other team had 13 or fourteen people. we have to see the u.s. as a team are the other countries and

at the beginning of the 20th century, detroit was the kind of silicon valley of cars. somehow, detroit is a victim of its own efficiency. ford, gm, chrysler are efficient. efficiency in scale, the small, vibrant, entrepreneurial spirit is dying because they cannot -- >> the new upstarts, who will be the big layers of tomorrow, or elsewhere. -- the big big players of tomorrow, or elsewhere. >> and industry needs innovation. when it is mature and you have too many large big players invading his space. -- invading the space. electric car innovation, the big three have not been able to compete as well as tesla, which is a small start up company. it is interesting, in the u.s. press, there was a debate. whether silicon valley could experience the same fate as detroit. >> california is the most indebted state in the u.s. >> california managed to pull itself out of its debt problems. >> it is interesting the way they did it. they convince the voters to say yes to raising taxes. >> the solution is always, it is the same recipe. you increase taxes, etc. the biggest impact in te

let's go to the south bay first, northbound traffic is not an issue so far in the silicone valley. and on silicone valley under sunole grade looks good. >> yesterday it was more clouds up here and now it is down here and it reduces visibility and it is very close to what they were, inland temperatures come up and there is more on the extended outlook, we will get to that. dave? >>> the reason the new span will not open as scheduled and how much longer will you have to wait. >>> we are live in saratoga, we are fearful of coyotes and more reaction coming up. >>> and what the ntsb is focusing on in its investigation. good morning! wow. want to start the day with something heart healthy and delicious? you're a talking bee... honey nut cheerios has whole grain oats that can help lower cholesterol. and it tastes good? sure does! right... ♪ wow. delicious, right? yeah. it's the honey, it makes it taste so... ♪ well, would you look at the time... what's the rush? be happy. be healthy. . >>> welcome back, it is already tuesday, let's check in with steve on the weather. >>> be careful, some

one was heading back home to silicon valley when that plane crashed. he didn't realize how bad the situation was until he got off the plane. >> i looked down when i got to the exit. i looked down and then, i was like, oh, just, that is the situation. i turned around and looked at the back end, boom. there is a lot of black smoke coming up from the other side. i was like, oh mirks god time to go. slide down the slide. then just get out of the way a way from the plane. >> he said there wasn't a lot of time to think or to be scared. coming up at 5:00 we'll hear more of what he saw when that plane crashed on saturday. >> we're learning from a parent and teacher of the two 16-year-old who's died. a chinese newspaper reporter interviewed the mother of the girl on the right in this picture, her mom says she was in the going to allow her daughter to go but she begged saying if she didn't go her best friend's parents would not let her go, either. both sets of parents relented. their teacher revealed wong was sitting in the second to the last row but switched to

but there was the thing of political action committee the silicon valley companies tried to start. it doesn't know how to be a bully. it doesn't make sense. there is a sweetness to our culture but humility is not just a lack go bullying but it requires a hard work to see clearly and i don't know how good i have gotten but at least i try. i don't know. but it is an ongoing process >> via parent of three kids. are you? >> ibm. >> my question is my kids are geeky and trying to figure out what is going on in the world and to later thoughts or advice? i tried to teach them to be good blood being people do have a advice on what they are studying besides being good people what should they be doing? >> and i don't know. my qualifications as a parent will become known to me when my daughter is in adults which will not be for a while. i of a little worried about how structured our kids' lives are going from pay-to-play and everything is planned. the structure of facebook is the extension of the fate because -- of the play date because in the '90s when i went talk to graduates they would say

is there a european or a british silicon valley? >> there is extensive research in cutting-edge fields all over the world. in europe and britain. i am not sufficiently familiar with what would or would not core respond with silicon valley and i do know that i very much enjoy being in britain. both because it is an advanced technology country with along vision and also because it will be part of the eu another powerhouse. and sometimes it is possible in the united states to get a little bit independence/and to think that this is a very good place to stand in looking forward toward what is clearly a global technology. you know. the industrial revolution was of course led by britain. a number were led by the united states. and as many observed the molecular technologies and the areas that are under the umbrella of relevance are merging globally and you can see the level of research in the united states and research. china. and japan. and the prospect is i hope that for a continuation of the kind of scientific collaboration that one fin

outsider moving into silicon valley.er half-hour of abc news at 9:00 is coming up next. >> also, the latest on a remarkable day in a major courtroom. we'll update the >> dan: breaking news update. oakland police are searching for a missing toddler after issuing an amber alert. she was taken from his car while inside a store today. tonight officers are searching an area near the airport. they have blocked it off as a crime scene. we'll continue to follow this story at 9:00 and 11:00. follow us at "abc 7 news" bay area for the latest on this story and many others. >> there are more big developments into the crash of asiana flight 214. n.t.s.b. revealed there were three flight attendants ejected upon impact not two. they were all seated in the jump seat in the rear of the plane. investigators confirmed reports that the pilot's delayed ordering an evacuation. was only when a flight attendant reported a fire starting. they will look at pilot's use of the auto flight systems and why so many commands were entered in last two an

more news impacting silicon valley and the court ruling on apps you may find. >>> well, stock market mixed in afternoon trading minutes after the federal policy meeting show many fed leaders show the job market improvement would have to be sustained before the central bank pulls away the support for the economy. live look at the big board, the dow is down 18. nasdaq up 12. s&p down one. >>> apple and amazon ended the lawsuit over the right to use the title app store clearing the way for both companies to use the name. the case was dismissed by a judge in oakland at the request of both companies. apple filed the trademark lawsuit in march 2011 accusing amazon of misusing the app store name to solicit developers from mobile software download service. >>> new smoke shops wanting to open in antiyak have to wait until may of 2014. city leaders extended the moratorium on new permits and licenses. some residents say smoke shops increase crime and underage smoking. city staff say they have the time to revise shop hours of operation, location and proximity to schools and parks. >>> santa clar

that they're not watching down there in the silicon valley.se kids are going to be the leaders of tomorrow. and by the way, a big tip of the cap to intuitive surgical out of sunnyvale. dave rosa is part of that group. they have been sponsoring it for eight years. they are keeping an eye on these kids. they are so bright. >> i am impressed. some of the terms they are using way beyond me. >> hucking frisbees. you have to have fun with that. what's cool about your school? we're also looking at cool camps and events like this. submit your nomination all summer at our kpix.com/coolschool. and we may come out and fee of your school or your camp or event on the show. so check it out. >>> 5:20 now. who would leave behind poisoned treats for dogs at a bay area park? the investigation after two dogs got sick. >>> good morning, kids. manny ramirez, remember him? well, he may be back. that and the giants score some runs in cincinnati. was it enough to close against the reds? come on back! >> first here's a look at the new eastern span of the bay bridge. w

and it's great for net flix and silicon valley. >> some media experts are saying this is just the beginning. >> reporter: the mercury news says winning a tv award when you're an internet company is a major development. >> net flix has been trying to compete with the big boys like hbo and the other tv networks. and they've done this by, you know, financing the creation of original shows. >> reporter: house of cards cost net flix $100 million to produce. but get this, net flix reports it's spending $2 billion a year on original programming so look for even more shows and maybe more awards to come. joe vasquez, kpix 5. >> since you're watching a cbs station, 53 nominations for big bang theory and the amazing race. you can watch the annual emmys right here on kpix 5 on september 22nd. >>> san jose state university suspending some online classes because too many students were failing. university debuted a number of cheap online courses back in january. but early results show pass rates as low as 20 percent in remedial math and college level algebra. san jose state and partner agreed to pull five

the tech giant already has a small presence in the silicon valley. it only employed a couple hundred people. thousands of people are expected to work at this new campus. samsung executives say opening head quarters in san jose was a no brainer. >> if you look at why we chose silicon valley look at the innovation that comes out of the city. samsung has been here for 30 years. it is showing commitment to innovation and job growth in the bay area. >> the building is expected to be completed by 2015. it will cost samsung roughly $3 million. >>> a bittersweet day for apple. on the five-year anniversary of the opening of the app store apple lost a court case involving ebooks. the judge determined they conspired. she urged apple to settle before the trial. she used co founder steve jobs words against him. he told the reporter the price was irrelevant because soon all prices would be the seem. apple says it will appeal today's ruling. >>> an unsettling experience overnight for passengers on a delta flight leaving sfo. an airplane tug crashed into the nose ge

. >>> and a popular car service is now available in silicon valley. >>> a live look at the big board, dow jones up a little bit, numbers are mixed today but a bright spot facebook after reporting good earnings up about eight dollars a share. >>> a new poll confirmed hillary clinton is the front- runner for the 2016 presidential race if she decides to run. 63% of democrats and independents say they would vote for her. vice-president joe biden was a distant second with the support of 13%. the survey did not find an obvious front-runner for the republican nomination. >>> car service uber is expanding in the south bay and operating in silicon valley with a lower cost service. it is an app you can download that connects people who need a ride with drivers. a trip from sfo to palo alto would cost 60, sunnyvale to san jose 30 and those prices, they say it is 10 to 15% cheaper than a taxi. >>> there will be an open house tonight regarding the polk street improvement project. san francisco municipal transportation agency plans to  turn parking spaces into dedicated bike lanes. some businesses

the suburbia for silicon valley.ou see the huge google buses and aming buses coming through the city and sticking them down 101 to silicon valley. is that all we are meant to be? every wave ... san francisco is like a city that is invaded again and again and it causes traumas any time. let's not say the digital invasion is unique. when the hippies came here in the 60s , all hell broke loose. when the gays settled in. there was another human cry about that. but i think each one of those invasions brought something unique and wonderful to the city. the hippies brought music and culture. gays brought a great sense of political activism and arttistic creativity and the city changes for the better each time. at this point, the jury is still out on the tech elite. what are they giving back? >> that's the question and based on some of the ins and outs you found out, you are probably understanding of san francisco is enhanced now. do you think the legacy is threaten to the point where it will go away completely? is there the

can china develop its over silicon valley?>> i am thinking so, and -- >> rose: go ahead. >> you asked earlier the box office revenues. in 2017, china will pass the united states, an amazing message, i am thinking. the thing is happening in mobile. the same is happening in -- i think. >> rose: ecommerce. >> ecommerce, mobile. 37 billion in china, revenues. so i think it is only a question of time that you will have centers like the silicon valley in asia. i spoke just this morning with bruno about this, yes, and of course you can participate in this, yes, but always the or western perspective to say, okay, it is an ip issue and is this really coming through and you question now it is not just ten percent growth, but this means something, not for china. this means something much more for export oriented countries like germany. >> rose: meaning what is what does it mean for them? >> yes. it means less demand, lesser demand. >> rose: for german product because they are buying the products in china? >> yes when you are seeing germa

didn't -- can't do this thing that looks like they may be able to do it in this place called silicon valley? we still that have. the magical thing, the manhattan project that says build um the government overnight the >> you go out to silicon valley it's still, whether that part of the world now and covered, whether it's in boom or bubble or bust, the energy there is still protean all the time and the revolutions that are going to tum -- come out of the same that, in all the different areas of science and technology we're going to see over the next 20 years are going to be exorbitantly greater than we've seen in the last 20 years. chris: is that still there, katty? like the guy who is going to start a motel chain, richard gere, do we still have that advantage over the brits that we can still have the working class dream. the british working class kid's dream is to have his father's job? >> despite the problems, the markets are booming, there is an evolution throughout the country making business cheaper. you have french companies investing in plants in ohio right now. a lot of good things.

now we think it is cute silicon family -- silicon valley was kindergarten names can do its. [laughter] it is problematic. so the usual way you try to stop it is an advocacy group like the electronic frontier foundation that have lawyers to argue with government officials to sway candidates to enact regulations so here i am looking at programmers with huge computers and connectivity to look at schemes and bureaucrats come up with the prohibition and i do not see the fair fight. also regulators trying to control high frequency traders. the way the algorithms go if you slow them down then the algorithms will adapt to use that as the system that they optimize against. what can possibly be done? you can have some effect but it is hard. if it cost money than the pitcher changes settle think it is a complete solution but a part of it. traditionally one of the ways the people constrain the government or for that matter, churches or corporations is a cost money to do things. and the control of taxes creates a constraint. no taxation without representation the police cannot just go to

i'm scott budman at the silicon valley company that does the work/life balance best. (sir can-a-lot) good day, ma' lady. i am sir can-a-lot, here to save you from another breakfast bore. wake up those eggs with glorious spam! (male announcer) break the monotony. visit spam.com. >>> a stunning captive case in texas. houston police discovered four elderly men held against their will in what they're calling a dunchen. they said they had been lured into the home with promises of food and cigarettes. police are investigating if the victims may have been held captive to cash in their veterans and social security checks. it's not clear how long they had been held in this home, but one hostage said it had been ten years. >>> in health matters, no matter how much calorie information is on that menu, people pick food that they like, not what's healthier. that's what researchers said today. researchers looked at buying habits of more than 1,000 people who had lunch at a fast food restaurant. that restaurant posted the calories on the menu. researchers found that giving people ca