plus, is silicon valley still the beating heart of tech investing? we will start to a startup ceo about the next chapter after a high-profile me too departure and their focus on international growth. tesla announces job cuts 9% across the company. elon musk promises this won't impact model three production. we will gauge investor reaction. first to our top story, president trump has left singapore after a historic meeting with kim jong-un. lea signed an agreement to begin a process they say will lead to the denuclearization of the korean peninsula. before returning, president trump gave an extended news conference, going over his discussions with kim jong-un and all he believes their conflict. around my -- pres. trump: my meeting with chairman kim was honest, direct, and productive. we are prepared to start a new history and write a new chapter there is no limit to what north korea can achieve when it gives up nuclear weapons and embraces commerce and engagement with the rest of the world that really wants to engage. people thoughis could never take

an exceptional case and there is not a contingent across silicon valley.sense is that this is limited. venture capitals are very smart people. i cannot explain how this particular board of directors and the investors were so completely taken in and why they weren't executing their own due diligence. i can't explain that. there is something about the draw and charisma of elizabeth holmes. >> reporter: holmes went from being ceo of the company valued at $9 billion to posting a $500,000 bond and surrendering her passport today. >> i cannot imagine that either one of them have any kind of a future in silicon valley. >> reporter: holmes and balwani face a maximum sentence of 22 years in prison, a fined of a quarter million dollars -- a fine of $.25 million in restitution on each count. >>> paul manafort is in jail tonight. he has been charged with witness tampering and violating the terms of his house arrest. a federal judge revoked his bail today after prosecutors said he called and texted witnessesin his upcoming trial. he will now remain in jail until his tr

coming up, silicon valley has been trying to cash in on the border wall.nd check us out on the radio, listen on the radio app, or on sirius xm. this is bloomberg. ♪ ♪ emily: the battle over the u.s. border with next go is not just a political fight -- with mexico is not just a political fight. silicon valley is looking to address comprehensive of immigration reform with big money government contracts. microsoft's cloud contract with ice recently went missing as the battle over family separated at -- families separated at the border with all over the news. after bloomberg asked about the omission, it is back online. here to tell us more is our reporter was written extensively on the tech sector. karen, tell us exactly what happened with microsoft. they are talking about how they are against separation of families at the border, but their work with ice has gotten a lot of pushback? karen: microsoft touted this contract with ice back in january and how it had this great potential future. all of a sudden, it disappeared. after a lot of media scrutiny, it was q

our next guest is a silicon valley legend and has been dub by some as silicon valley's bad boy after semiconductor giant he cofounded. he discovered his own chairman had ties to an outfit that had chinese investors. t.j. rogers, it's great to see you again. thank you for being here. >> thank you. liz: you discovered, just to let our viewers know, that chinese money was lurking around cypress semiconductor. your chairman was connected to canyon bridge partners which had chinese money flowing in. what did you see as the biggest problem with that? >> well, my problem was that the chairman of our company was also the leader, ceo equivalent of -- it wasn't chinese investment, it was solely chinese investment firm. and obviously, you know, youment can't serve two masters. that was a conflict of interest. liz: yeah, i would say so. and i think that it's really important to also point out that you won with. i mean, he eventually had to step down. you got board members that you had supported to be put into place. but tell us why, what is the biggest danger of taking chinese money for u.s. tec

liz: how important, carl, is foreign investment in silicon valley startups and silicon valley establishedompanies? >> it's incredibly important. we're a global economy and whether you're a startup struggling to survivor a global firm, this need for foreign investments spurs innovation. it spurs american job creation. it helps us to be competitive around the world and i would hope that none of us want to place that at risk. liz: president trump was just speaking at the brand new foxconn what is going to be facility campus plant, 13,000 plus jobs in wisconsin. that's certainly a good sign that's a taiwanese company but the chinese, and this is just a fact, carl, and i'm sure the smartest guys in the room in silicon valley would agree with me on this, the chinese copy, private and steal ideas that have been in silicon valley. how careful must companies there be and they've got to agree with the president on his concern about that being stolen. >> we are thrilled that the president and his advisors are concerned about intellectual property and theft. that's an issue that we have been facing f

your cofounder is from silicon valley.has helped you understand the average needs of americans. are enoughk there companies in silicon valley that address the needs of average americans? ken: i think there needs to be more. the companies that play in this space are so large and have .arket power, component of supporting ecosystems. -- but we are a proponent of supporting ecosystems. the ones that make real change will put money into the hands of everyday americans. >> a fascinating conversation. emily: the ceo of credit karma in new york. one google employee is speaking out about the lack of diversity, equity pay, and more. you can check us out on twitter and follow us at tictoc on twitter. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and sto

silicon valley is no longer the undisputed king of the venture world.ments firms topped one trillion. one of china's largest investors has played a big part in that, nearly a dozen billion companies since 2010. they spoke to a bloomberg thomas mackenzie.tom it would be someone with a great idea who was really smart, but now you are seeing with a lot more.. people who cofounded, who were head of baidu research. moneyrse, they want more and higher valuations. it is people who have been in the internet industry for 10 plus years that are coming out. do you think the silicon valley has been slow to wake up to what is going on in china? this year, i have definitely seen a turn in interest about chinese companies. silicon valley has not seen that much in terms of the renovation in a wild. you also had mike morris's letter earlier. i think there is a lot of interest in people wanting to come and see the companies and understand the momentum. investors in the u.s. are .xcited about what is happening the companies are growing much faster than a lot of u.s. compa

silicon valley has an issue about trust and communication between silicon valley and washington, d.c.d lawmakers and silicon valley and trust and an indication with their users. you have to have clarity in the conversation. you have to have full disclosure in the conversation, whether that is at a witness table before congress or in agreement with your customers. that is why users are frustrated and why members of congress as their representatives are frustrated. we have a lot more work to do here. emily:you think mark zuckerberg was truthful i testimony? was he misleading? greg: i don't know about either of those things. i think he was truthful. there was more they found out along the way, some they may have nuanced. in situations like this, you are much better to get it out on the table early on and especially when you're dealing with congress. we aregure out what where did it happen, with whom did it happen, and what kind of exposure did user'' data have and to whom, and whatr it. that's what gets back to this trust and communication issue that is so important, whether it is with u

financial times. >> a lot of people around the country will see this as an attempt by sill -- silicon valley to secede. and we have a tech center that people feel have too much wealth and power. >> this saved us from having y this is -- >> this is silicon val f california and it is becoming a self-organizing -- >> all three of the states will be about roughly equal in population and roughly equal in income. although, yes, silicon valley will always be the wealthiest in the country until somebody invents something better in detroit or somewhere else. and we just have a really good economic engine. and it is working very, very well. and what ideally we want is for all three of the states -- and maybe all 52 of the states -- to then have that kind of strong economic engine without having -- we have the best of all of the things, why do we have the worst government? >> is there no way, is broken and to overhaul some of way.three states. and put together another nonprofit to explore ideas in california called "innovate your state" and i had 600 submissions and looked through the submissions and i

holmes was lauded and had a whose who of silicon valley on the board.the question to russell hancock, whether this was a piece of a larger puzzle, a potential silicon valley start up snake oil. >> the hope is this really is an exceptional case and there's not a contagen across silicon valley. i cannot explain how this particular board of directors and investors were so completely taken in and why they weren't executing their own due diligence. there's something about the allure and draw and charisma of elizabeth holmes. >> holmes went from being ceo of a company worth $9 billion to posting a bond and surrendering her passport. >> i cannot imagine that either one of them have any kind of a future in silicon valley. >>>bart is slammi akes on its new program to stop fare evads. since march, about 1300 riders have been busted for nonpayment, but fewer than 10% have paid the $75 fine. bart is now postponing its plan to hire additional enforcement officers until it can study the program's effectiveness. >>>tech billionaire elon musk is planning to build a hig

it was organized by the silicon valley pet project. they went through a yoga practice or as many were calling itdoga. >> it's a different thing when you have to take care of someone else as you are doing yourrmal . seeing how you can really play with your dog. remember to pet them, to have that engagement, even as you move through your motion and practice. >> the event was an opportunity to meet some of the pups the silicon pet project has up for adoption. they are hosting another dog and yoga class coming up on july 8. >> they are too cute. so relaxes. those dogs were so good. i didn't hear a bark. >> they were almost doing a posture. >> they got it done. >>> the weather was nice. spend some time outside doing dog yo ga or taking a bike acros the bay. tomorrow the heat will make a co comeback. 10 to 15re o warming. another breezy finish to the day. san jose, 21 mile an hour winds. highs today in the upper 70s. right now, 70 in emoriville. right now, still gusty as we get through the evening. yesterday, that fire in san rafel. dry and

s and now people are deciding that they the worst place in the world to be is silicon valley because you can go offshore and you can raise significantly more money than you can raise in silicon valley and now you know with a theory i'm not so not being a security is opening up complete global markets and that's a real problem for the street and so the f.c.c. needs to make sure that they you know embrace it not before everything goes outside of america so walk me through what is happening let's call it jurisdiction shopping so this industry this crypto estrace highly mobile it can move or over the jurisdiction is friendliest and there been a number of places that have said hey we want to be this what's a lot of crypto and that's about a fax which allowed us that they want to be the so it's a lot of isle of man where you are now has made kind of gestures in that direction you know honk on was in the running singapore is in the running can you give me a bird's eye view of where the best jurisdictions are currently for crypto and how you see that because it is pretty dynamic and it chang

silicon valley is really into it.ows that this is not a rational response to new information. it is a social movement. bubble. it is a speculative bubble. emily: bitcoin dropped below $6,000 for the first time since february over the weekend. it has tumbled this year as regulators step up scrutiny of what critics say is a vehicle for fraud. with great power comes great responsibility. yes, that is the iconic line uttered by spider-man. it was also the title of a congressional hearing on artificial intelligence. this comes at a time where a quarter of u.s. adults are worried that robots and computers could replace them in their jobs. another 50% are worried about the same thing. our next guest testified at this hearing. its mission, to ensure that ai can coexist with humanity. most recently, it has created ai bots that can compete against humans in e-sports gaming. welcome to the show. we will get to video games and a moment. i want to talk about what you are telling congress. are we headed towards that apocalyptic fut

peter: a lot of pushback in silicon valley to this strengthening legislation? cory: yeah. i think there is a general recognition that something needs to be done, but the details have been quite contested. the fear to go back to the term critical technologies that i mentioned, the fear is that that's too amorphous, kind of a know it when you see it regulation which industry does not love. their fear is that everything, every time they try to interact with a foreign company they're going to be scrutinized. even the potential of selling software overseas. they're fearful that will be scrutinized even though that is already under currently other export controls. and the warning is that cfius, which currently does a couple hundred reviews a year, could jump to thousands of reviews a year. if they're already under staffed to begin with, can we really get cfius to that point where they have the budget and the resources? and there have been some changes to the legislation. industry groups have said they are happy with those tweaks. i imagine they would probably ultimately be broad

. >>> silicone valley is known for eccentric homes. .est standard is the chicken coupe. >> they want to interact with you, they are fun and fun to watch. yeah, so i think it's a stress release. >> scott's chickens make thengzs right at home. >> are you going to come in the house? >> the software engineer believes he has found the perfect antidote to computers and code. and he believes he is not alone. >> there's 10,000 coops. >> companies are hatching lines for do it yourselfers to build backyard coops, but in the million dollar backyards in silicone valley, the coops and the chickens are something to crow about. >> she is one of my favorite breeds. i built this coope for them. >> this is not your average chicken coope. >> no, it's not. it's right off of my kitchen and i wanted something beautiful. >> laura's custom built chuck enkoops have antique stained glass windows and details that are added by a master carpenter. >> do you think they are happ r happier? >> no, i don't think they care, to be honest. >> she breeds rare breeds. that s

host: a lot of pushback in silicon valley? cory: i think there is a general recognition that something has to be done. let the details have been contested. to go back to the term critical technologies, the fear is that that is too amorphous. the note when you see it -- the know it when you see it approach like.hey don't every time they interact with a foreign company, they will be scrutinized. even the potential of selling software overseas, even that will be scrutinized, even though that is already under other export controls. whichrning is that cfius, currently does a couple hundred reviews a are, could jump to thousands. if they are already understaffed at this point, can we get cfius to the point they have the budget and resources? industry groups say they are happy with the tweaks. i imagine they will ultimately be broadly supportive of what is going on. but i know there are serious concerns. i talked to one industry or -- industry group that represents companies like google and apple. it was imperative to get legislation

set the lay of the land, what does silicon valley look like for black workers?ought up a good point with the framing, we think a lot about women in tech and it is an important issue, women are underrepresented, and we don't mean to suggest that women are getting the shine, we have seen measures of progress in the last few years and other groups are not. what we're seeing with black employees is at major tech firms, the percentage of black employees in technical roles are engineers, product managers, it has risen less than one percentage point. we are at about 3.1%, it had been 2.5% in 2014, and that is when under social pressure, tech companies started releasing these figures. jesse jackson and others said it is time and we need to know what it actually looks like. emily: 3% of workers at facebook are black, 2% at google. are we seeing any progress? elsewhere, better than some others. nico: i think it is true there has been some progress, and even staunch critics of tech companies have noticed the numbers have gone up a bit. i think the question is the pace, is

in silicon valley it's 28.5%. so at the very least you can look at the data, we love data, right, on paper, pay women what you're paying the men. seems pretty simple. >> you can watch this and other programs online at booktv.org. >> here is a look at upcoming book fairs an festivals coming around the country. on june 16, presidential library museum holds the roosevelt tenure. also later this month in new orleans, it's the american library association's annual conference with keynote speaker michelle obama. annual conference, freedom fest in las vegas. for more information about upcoming book fairs and festivals and watch our previous festival coverage, click the book fair's tab on our website, book tv. now, final author talk from the day. a conversation about syria between middle east politics professor wendy and quran lina. today's program will be broadcast live on c-span's 2 book tv. this time at tend for q&a session, we ask microphone to the side so home-viewing audience can hear your question. before we begin

in the late 1990s, silicon valley could do no wrong. it seemed at the time, at least, that all tech companies walked on water. they would make our lives infinitely better. they ushered us into a future we could only dream of. at least, that was the country's general feeling towards silicon valley at the time. and it was this same feeling that fueled the excessive speculation that led to the internet bubble just a couple of years later. in 1998, if tech reigned supreme, then microsoft was its king. but i was among the few skeptics at the time. i was just one among a tiny handful of legislators who appreciated the invaluable contributions of tech, of the tech world, but who were also wary of the monopolistic practices that could bring innovation to a screeching halt. in this environment, i brought bill gates before the senate judiciary committee, a decision that i have to say, needlessly to say, i'll say ruffled some feathers. my central concern was that microsoft was engaging in anticompetitive business practices by bundling its browser,

liberal silicon valley tech company google accused of treating the military as evil. they've launched a new set of corporate principles that said it will not let artificial intelligence be used in any u.s. military weapon. coming up, a guest who says they're putting our soldiers in danger. >>> also tonight, president trump asking nfl players who want to kneel during the national anthem in protest to step up to the plate and send examples of people they think were unfairly treated by law enforcement. >>> nancy pelosi, she's still on the crumbs watch. calling more things crumbs saying americans don't care. my next guest says this is a new level of resistance, but will it work in the midterms? coming up. at crowne plaza, we know business travel isn't just business. there's this. a t his. why no your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. . >> unless we have an increase, a very significant increase in wages, bigger paychecks, we are going to increase the frustration of american families because

communication between silicon valley and trust and communication between silicon valley and washingtond lawmakers and silicon valley and trust and an indication with their users. you have to have clarity in the conversation. you have to have full disclosure in the conversation, whether that is at a witness table before congress or in agreement with your customers. that is why users are frustrated and why members of congress as their representatives are frustrated. we have a lot more work to do here. emily: do you think mark zuckerberg was truthful in his testimony? was he misleading? greg: i don't know about either of those things. i think he was truthful. there was obviously more they found out along the way, some they may have nuanced. i don't know, but in situations like this, you are much better to get it out on the table early on and especially when you're dealing with congress. we are try to figure out what happened, where did it happen, with whom did it happen, and what kind of exposure did user'' data have and to whom, and what control should they have over it. that's what gets

addingup, silicon valley operations in europe. we will talk to the bank about opportunity in the region. bloomberg news, us out on the us out on the ra. you can listen on the bloomberg radio app, bloomberg.com, and in the u.s. on sirius xm. this is bloomberg. ♪ .s. on sirius xm. this is bloomberg. ♪ caroline: silicon valley bank may be known for its operations in the tech held, but also has a presence in europe. it announced it is expanding to germany and opening offices in frankfurt. so why into this market now? our guests join us right here in london. frankfurt was an interesting choice. i used to cover the tech scene in berlin. why frankfurt? >> because of longer-term ambitions in germany to build a bank where you will find all of the jobs in banking, not just the sales and relationships jobs, but berlin is often called the center of innovation in germany, but it is relatively , but companies, startups technology companies are spread far and wide in germany, so we have been thinking about how to berlin,nich, frankfurt, and othe

don't miss it. >> silicon valley technology now saving lives in hawaii. autonomous robot going where no human can go to study the active volcano. you could generate your own energy, at home. or to save energy, unplug unused appliances. do your thing, with energy upgrade california. elected a new leadert. within the last few minutes... supervisor "malia cohen" was unanimously voted in as new board president. >>> in san francisco, board of supervisors just announced add new leader. supervisor cohen been on the board since 2011. shortened terms lasted until january. taking over for london breed. who was just elected mayor. >>> you might have seen him along the freeways. the electronic billboards by. 400 digital signs. up from 125 over the past eight years. governor brown wants to see the number grow. could lead to millions of dollars in extra revenue for the state. safety issue and eyesore. state legislature put off scheduled vote on that issue today. >> let's bring in rob. let's talk about this warmup. first a little cool down and then it's going to get bla

. >> it's another first for silicon valley but this is nothing to brag about.us and nowhere in california have more people moved out than the south bay. >> the silicon valley is leading the way if hiring. scott budman is live where experts say the problem is only going to get worse. >> reporter: realtor.com says as the economy heats up, people are moving out. cashing in after a huge rise in local home prices. tech jobs bringing people in to silicon valley, astro no, ma'no housing prices are forces people out. santa clara county is seeing more people leave than anywhere in the state. kim is among them.

it is the road map to power in silicon valley. the wealth funds next generations of start-ups. >> the investing collective is focused on gettingta-ups to allocate more shares to women. >> the angels have invested in more than 60 companies in the last flee years. to explain the upside they'll have, if they offer more shares to female hires. >> the angels host dozens of events to discuss the cap table event. >> when you are neg eesh yating for eqty,here's no real road map to understand how you can value the equity, how much growth a company is going to have. it's been harder for women and underrepresented minorities to negotiate as well. >> the angels help place womenio n senr rolls at early stage start-ups. they partner with vin tour capital investors including sequoia and kleiner perkins. >> fin barnes hasra collad with the angels on an investing boot example and a number of deals. >> their networks tended to be the majority female. and equally amazing to any other twork we could t into. >> it helped us bring the diversityf their

silicon valley, new york, atlanta, and also education is no longer what it was, route to upward mobility. people are stuck through all these studies. there is much less fluidity. the coastal elites, in this number because they are not all coastal and they are also not all elites in the sense that they are not all wealthy. that term refers to professors and journalists and activists. coastal elites are also not all white. they are often -- it is better to describe these multicultural -- everyone in this room. people like me, whether you are republican or democrat, you view yourself as tolerant and you know lots of minorities and believe in religious freedom and you travel a lot and see people all over the world and probably think of yourself as not tribal because you believe in individual rights and human rights and cosmopolitanism. this group tends to be very very tribal. .. >> other programs online at booktv.org. >> welcome to the 34th annual chicago tribune printers row lit fest. i want to give a special thanks to our many sponsors. today's program will be broadcast live are on c-span2

>> well i wonder about silicon valley, whose side are they on?they will use none of their artificial intelligence information or technology on military weapons. well why not? other governments are going to probably do that we want to be able to determine rather deter what they're doing and we can do it by matching the kind of artificial intelligence that they may use in their weapons. that's not that they're going to be used to attack other countries. it's to deter other countries who may be not peace loving. liz: fred we have a department of homeland security, we're running out of time and what do you think of amazon saying we're not going to allow our facial recognition software to be sold to law enforcement your reaction to that? >> well that's hurting law enforcement. i mean, what that does is it makes it easier to identify criminal suspects and deter crimes as a result and then prosecute things. look, all this facial recognition is in identifying people is just an advancement on fingerprinting. are we going to go back and say oh, that's too

traffic continues to look pretty good all the way up to the silicon valley. and no major issues so far. now, it is early. things could certainly change. that's why we are here. right now, i'm taking something that might be a little lighter than we had yesterday. the last picture, getting up to highway 17. also looking at westbound bay bridge, you can see traffic here is moving along pretty well getting up to the toll plaza. now, let's bring in rosemary with today's weather. >>> we are going to heated up in time for your weekend. warmer weather coming our way. that will also increase fire danger. i'll have details on that in just a moment. let's talk about what's going on. high pressure over the pacific as we get into date -- today. just like last week and. looks to be the hottest day. were temperatures near the coast and the 70s. 100 degrees for our hottest -- harder spots inland. also, starting late tonight, lasting until tomorrow night, the red flag warning before our north bay hills stretches areas like vallejo as well as going towards fairfield. part of s

silicon valley are flocking to raise chickens. i'm anne-marie green.cbs morning news." silicon valley are flocking to raise chickens. i'm anne-marie green. this is the "cbs morning news." when my smile is bright, i feel ready to shine. some whitening toothpastes only remove surface stains, colgate optic white high impact white is different. it has hydrogen peroxide, to whiten four shades for a visibly whiter smile. trust your smile to colgate optic white. hnew litter?lled this no. nobody has! it's unscented! (vo) new tidy cats free & clean unscented. powerful odor control with activated charcoal. free of dyes. free of fragrances. tidy cats free & clean. when no scents makes sense. >>> our top stories this morning. president trump is not backing down on his hard line stance on illegal immigration. he tweeted we cannot allow all of these people to invade our country. meanwhile the department of homeland security says it knows the location of all families separated at the u.s./mexico border. >> and at least four major wildfires are burning in northern cal

a silicon valley couple who worked at facebook launched it just a few days ago. their initial goal was $1,500. the money will help provide legal services for undocumented

border in mexico, a conflict raging in the silicon valley. delicate balance between immigration reform and big-money government contracts ahead. plus, the u.s. senate voted overwhelmingly to reinstate penalties for zte. defying trump, and potentially upending the deal the president struck with the company. but the president is not backing down. we will hear from senator mike rounds. a shakeup at intel, the ceo is out. the chipmaker reveals he had a consensual relationship with an employee, a violation of company policy. first, to our top story. u.s. lawmakers push back against president trump's attempt to save a chinese telecom maker. senators passed a bill to restore penalties, cutting off its access to the chips and components it needs to build smartphones and network equipment. senator chris van hollen spoke to bloomberg to explain why lawmakers moved to pass what could be a death sentence for zte. >> zte poses a national security threat to the united states through their telecommunications network. on top of that, they violated u.s. sanct

for the first time, more people are leaving rather than moving to silicon valley.tvu's south bay reporter jesse gary has more now on the numbers and the impact on residents. >> okay. what next? >> reporter: jeff has lived in san jose 40 years. he came to the painful conclusion that there won't be a 41st. >> it's quite an emotional decision, but for me, i had a line that was approaching. >> reporter: that line is financial brought on by rising monthly hoa dues for his two- bedroom condo and adding in property taxes and he said he had enough. >> for me it was evaluating the value that i get more my hoa dues, the value that i get for my property taxes and what happens with that money. >> reporter: a new report from realtor.com finds this is far from an isolated case. of california's top 10 counties with declining populations, santa clara ranks first, san mateo second, norcal dominates the top five spots. a >> the numbers aren't huge but it's a huge shift that people shift that people are leaving. about 42 people a month are leaving silicon valley. >> reporter: san jos

and so they reached out to the silicon valley leadership group for help, hoping local ceos would helpthey did. >> one email, 10 days, $156,000 in voluntary contributions because we're helping 2755 children, women and men who are homeless every night in santa clara county. >> reporter: commitments came from netgear, kla-tencor and western digital among others. >> frankly it was a very easy response for us to support this kind of need here in the valley. >> reporter: gardner surpassed their goal. they placed the order for their new mobile unit last week. >> it was unreal! i cried. >> reporter: the clinic on wheels will take five months to build. when it's done, administrators can't wait to drive it to gilroy to show that homeless man the first donor what he started. >> i'm hoping to see him again this year and show off the new mobile unit to him. show him what his $7, you know, he was part of that. >> reporter: gardner will continue to operate with scaled back services until the new mobile unit arrives in the fall. in san jose, ann rubin, ktvu fox 2 news. >>> coming up, an uber driver a

>>> elizabeth holmes founded one of silicon valley's hottest start-ups and called the next steve job. the rising star crashed toering and faces fraud charges. >>> i'm larry bowl. elizabeth holmes and formerly chief operating offers are charged with counts of conspiracy to exit wire fraud and nine counts of wire fraud. >> chris wynn was at the courthouse when the indictments were handed down. he joins with us details. chris. >> reporter: ama, a federal grand jury has indicted elizabeth holmes as well as the former president of her company. we want to show you video from moments ago. this was holmes leaving the courthouse following her arraignment this afternoon. both holmes and balwani have pled not guilty to the charges. theranos founder elizabeth holmes was once considered a rising star. but friday afternoon her fall interest from grace continued as she appeared in district court to face charges of wire fraud alongside former company president. holmes founded theranos in 2003 pitching the company's technology as a cheaper more efficient way of doing blood tests. this meeting shows he

particularly out in silicon valley i agree with john on that. there seems to be a culture where you're allowed to say things that in any other time,o. you can't lie to investors >> so you're saying there are a lot of badple in silicon valley and there are some big frauds that will come out of that from companies that otherwise we talk about positively day-to-day? >> i'm saying the field is fertile for that we're seeing instances of that and we'll see more of it i'm not saying everybody is like that, of course. but investored to do their due diligence. investors need to hold people at silicon valley to the same standards. whatever it might be you can't not tell t truth and that at thd of the day was the story of theranos. i think it's the story at some other companies as well. >> on dunkin' spec, we had the ceo responding to your shorting of the company. he said, listen. the stock has gone up since you announced your short position. go ahead >> that goes back to previous conversation it seems to me that both the prosecution and defense of bad beh

silicon valley is still considered a mythical place where visions lead to revolution. my sense is the future if you just disappear quickly one would assume that it's sort of all over scrapes no decal of terri bottom on strangers the displaced have made her twenty employees their own last. companies in silicon valley place grace importance on the well being of the employees and europe work is going to only dream of on the job massage therapy. apple and google believe such services make them the world's best employees. interest and a many people associate these companies with flat hierarchies freedom and perhaps even an acute. a subtle but almost the opposite is the case it is a paternal form of all thora t. which provides care keeps thing small and entire cosmos is built around you said to speak so that you have no concerns and all you have to do is concentrate on your work. google in southern germany believes in promoting employee satisfaction and an ideal work environment. it has a climbing wall. and. the first half have five or six times more children than the german

coming up, what it is like to have one of the most challenging jobs in silicon valley. this is bloomberg. >> we're watching uber's biggest competitor get a vote of confidence. , double-hailing service list value. the money will allow it to better control. multiple criminal right here in the united states. i just spoke to wes about how he is tackling the big challenges ahead and asked him about the company finally getting its license to operate in london. win. is definitely a at this point, in the preceding eight months, really engaged in some diplomacy. >> we would not have gotten to observers had other really since the change. >> you're working with regulators in arizona for a self driving uber killed a pedestrian. we heard the driver was watching the voice on hulu. can you share any updates on that investigation? >> i can't really get any updates on that investigation. happened was what a tragedy for her and her family. it is something that shook the company. just brilliant people. they came from carnegie mellon working with the technology. ultimately, and autonomous

. >> the struggle to survive gets worse in silicon valley. what one city is doing to help. >>> and this is not what you'd expect to see out of a window 21 stories up. just ahead, how did this raccoon get up there? (sound of footsteps) (sound of car door opening) (car door closes) (sound of engine starting) ♪ ♪ hey, want thedone.est internet? and now, xfinity mobile's included. you could get up to five lines. you could save 400 bucks or more a year, which you could spend on a funk-tastic music video. ♪ dance party boom. ♪ simple. easy. awesome. get started with xfinity internet, with three times the speed of at&t and directv, and tv for $35 each a month for a year when you buy both. and ask how you can save with xfinity mobile. click, call or visit us today. ...prepare to be moved...r!... prepare to be awed... prepare to make a mad dash... because with the incredicoaster... ...pixar pal-a-round... ...and a bunch of your favorite pixar characters... it's going to be pretty incredible. pixar pier, opening june 23rd. only at disney california adv

more evidence of liberal silicon valley.re talking the california silicon valley tech company google under fire yet again. this time, a picture labeled a trump was supporting a republican-state senator. a really nasty word. a bigot. we've got the details. but first, former president obama giving justin trudeau advice saying hold up to your values if your values are threatened. former trump senior adviser is going to take that on after this. don't go away it's easy to think that all money managers are pretty much the same. but while some push high commission investment products, fisher investments avoids them. some advisers have hidden and layered fees. fisher investments never does. and while some advisers are happy to earn commissions from you whether you do well or not, fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. hi.i just wanted to tell you thdependability award for its m

this is the typical push through san jose pushing north in towards the silicon valley. here comes traffic for westbound 237 as well. we show this has been there all morning for the tri-valley and 880 through hayward pushing through san mateo and dumbarton bridge typical pattern for the south bay. holding steady for the east bay. concord area, walnut creek, not a big problem here. east shore freeway slowing and there was a fendser bendser and berkeley curve crowded as it has been all morning. back to you. >> coming up next here, a look at the top stories on "today in the bay," a push to bring more affordable housing in the south bay. a plan to bring hundreds of housing options in santa clara county. >> good news out of heathrow, britain's government has given the go ahead for the construction of a third runway. a japanese royal couple in hawaii on first official visit. second son of the japan's em prer are there taking part in the 150th ab vernniversary of f japanese immigrants to arrive on the island. more after the break. it is 6:52. marshall tuck will change that. in

. >>> plus, silicon valley robots headed into an alternative volcano. how they could help save lives in hawaii. leads. investigators are trying to figure out what led up to the deadly shooting of a father, >>> four days later and still no credible leads. investigators are still trying to figure out what led up to the deadly shooting of a father killed while camping with his two daughters. tristan baudette. his 2-year-old and 4-year-old girls were by his side. his brother-in-law also camping with them when he says they were jolted awak by gunfire. investigators say they have no leads, but they do say there is a recent string of crimes in that park. as of now they don't believe it's related to the shooting, though. >> he is a gentle man. you see him involved with his family and his kids. >> reporter: baeudette's family released a statement. not a second goes by that we aren't grappling with the senselessness of this crime. >>> today the supreme court put an end to a california law that forces pregnancy centers to provide information to their patients abou

let me go back to yr conversation with silicon valley. at what point is a company big enough for going public make sense? right now i think that point is too high on average. >> recently, it's $1 billion. >> you hav to get to a billion dollars for it to make sense, that's probably too high. in the private space, particularly what you're focused on is the private offering space that would be available to credit eed investors. i believe the definition needs to be modernized. >> my time has expired. i now recognize the ranking member for five minutes. >> thank you very much, mr. chairman. i have a question that i would like to propose, but before i do that, since you mentioned silicon valley, i too was there recently. and i was appalled at the lack of diversity. i know that there are a number of organizations that have been working very hard to increase participation of minorities and women in the silicon valy businesses. they have not done very well. of course, i would be anxious to be of assistance to them in making sure that we could redu